do you need to wait for 3 confirmations at the pump during 30 mins, i mean if you're lucky your tx is not queued  technically it should be just an double-entry accounting process within the company. you need a $ budget you are willing to grant for bitcoin sales. if the costumer pays with bitcoins the equal amount in $ will be moved away from this budget account and the bitcoins inflow will be moved onto an another account. this bitcoin account will oscillate in value over time but on the long run it should be not an issue. EDIT: there should be an discount if the customer is willing to pay in bitcoins. this discount should come from the expected earnings on Bitcoin in the future. you see it is just an accounting thing. what counts is the willingness to accept Bitcoin and someone should start the matter. EDIT2: I see your concern if it's an on-chain tx. RBF should be not allowed and the fee must be appropriate. as I mentioned discount and fee should be paid by the company. insurance will pay for txs which are lost but it should be not so many. off-chain is better of course. off-chain will come somehow. |
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...and down she goes (again)...
Another BTFD opportunity.
My cousin's $6k is split into two orders: $3k @ $34,100 and another $3k @ $30,500, waiting to be filled.
I was a bit reluctant about these orders, I suggested for him to buy at market price and be done with it, but it looks like he may get lucky.
Or not.
We'll know soon enough.
He'll get "lucky" and then feel very unlucky as bitcoin continues it's disastrous slide toward $10k and below. You sound like damaged goods . Sold before $1 maybe then bought back at $20000 and panic sold again with mindrust? my feeling is he lost all on several incidents at the way up to the Mt.Gox incident and after that experiences he had never again the balls or the money to buy back in. I'd love to get back my coins so I can use them to sell asap on high margin to take advantage of bitcoin's final and definitive death-crash. How many BTC coins did you have in MtGox, if you don't mind me asking? Well technically it was bitcoinica, and it was about 120. EDIT: first post of proudhon if he never deleted one. I just discovered bitcoin via a philosophy podcast (of all places). I love the idea of a decentralized form of money! I happen to have a 6990 that I can employ in mining 24/7 and I'm just wondering if somebody can help me assess how many bitcoins per month this would yield.
he was an early miner. if you used to be a miner in the early days there was a psychological barrier to buy bitcoins because it seems mining was less riskier than buying. I had this experience too. even if it was cheaper to buy bitcoin itself instead of mining because of the hardware cost your mind told you that it will less riskier to just do the mining instead of buying bitcoin itself. maybe the piece of mining hardware tricked the mind? like the mind is telling: if Bitcoin will go to zero you will have at least the hardware after all. |
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my mood today: trying to appear like a bot as hard I can.
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I sort of get "futures", but not something I'm likely to try and do unless I was a big bitcoin miner. Currently, I'm a sort-of altcoin-trading-to-btc miner but not really, so I still end up with more BTC.
Maybe I should get some and try to predict or stabilize my future price a week ahead, and then do the mining activity based on those numbers, sort of an insurance? I'm guessing that's the whole idea of it.
I don't understand anything.  |
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So i came back home from work, fucking tired ...until i checked the chart  sorry to hear that.  It's future expiry time again, isn't it?
yes, as d_eddie mentioned it already. more important for me is to understand the why behind. Friendly reminder: do NOT poke her just before futures expiry.
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nice picture you painted again.  What’s app sharing’s, you know that app on the phone, when it pings meaning a friend send a message etc .... that kind of thing  I see. may I ask you if you may think about to release a NFT of the image? then you can sue all the other which share it without your permission. just some fun in not so funny times. https://en.wikipedia.org/wiki/Charlie_Bit_My_Finger#Auction |
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nice picture you painted again. |
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EDIT2: I'm not sure if the effect on weekends is a dip or a pump. the cause is that the traditional banking world does not process FIAT money inflow and outflow to the crypto exchanges and therefore the circuit is broken on weekends.
Definitely a dip. Probably for the reason you mention. Since the peak in price I think every weekend has been a dip, though it does usually bounce back towards the end of the Sunday. My theory is that during a bull market weekends pump, while during a bear market they dump. I have no data or bothered even checking to see if that is true so take it with a grain of salt. thanks somac. and this weekend we have a long weekend in the U.S. (Sa, So, Mo). maybe some more dipping?  Good chance I think, of course this pattern will change eventually, hopefully this weekend. I am also seeing a lot of this type of chart around lately https://twitter.com/WClementeIII/status/1397571523561598980Apparently this Wyckoff distribution or whatever it is matched the peak. If it matches the the bottom too I expect we'll be back down to 30k at the least, though this chart says 26k, not impossible I guess.  good hint. I saw this Wyckoff thing on FB too. if you dive deeper into it we should be in Phase B now? and that is also what I mean with the mini-bubbles in a bull phase (weekly or monthly view). I guess the confusion comes from the different time frames we are looking at. I do watch more the weekly or above view. and you guys seems more looking at shorter time frames for day trading. so to speak I'm more the Investor and you are more the Traders. am I right? I'm very convinced we are still in a bull run on larger time frames. but you will have several mini-bubbles in this long bull run until the next ATH. and this mini-bubbles will burst too but it is not the end of the larger bull run. the burst of the last mini-bubble happened some days ago. do you guys get now my theorie with the mini-bubbles? EDIT: this Wyckoff Method is really helpful. you should read through it. maybe in the future I should speak more in a language in which a standard is already established like the Wyckoff Method. https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_methodEDIT2: FB group for the Wyckoff Method. https://www.facebook.com/groups/wyckoff.method.of.trading |
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EDIT2: I'm not sure if the effect on weekends is a dip or a pump. the cause is that the traditional banking world does not process FIAT money inflow and outflow to the crypto exchanges and therefore the circuit is broken on weekends.
Definitely a dip. Probably for the reason you mention. Since the peak in price I think every weekend has been a dip, though it does usually bounce back towards the end of the Sunday. My theory is that during a bull market weekends pump, while during a bear market they dump. I have no data or bothered even checking to see if that is true so take it with a grain of salt. thanks somac. and this weekend we have a long weekend in the U.S. (Sa, So, Mo). maybe some more dipping? EDIT: very interesting that you differentiate between bull and bear market on this effect. I should think about it. |
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...and down she goes (again)...
Another BTFD opportunity.
My cousin's $6k is split into two orders: $3k @ $34,100 and another $3k @ $30,500, waiting to be filled.
I was a bit reluctant about these orders, I suggested for him to buy at market price and be done with it, but it looks like he may get lucky.
Or not.
We'll know soon enough.
the common weekend dip or it has something to do with the expiring of the May Future contracts on CME (BTCK21) as d_eddie mentioned. but he did not explain the mechanism behind which is sad. https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.htmlFriendly reminder: do NOT poke her just before futures expiry.
if you have useful hints please explain it also a bit to the others if you have time for it. this is our weapon against the big smart money which want to hide the knowledge from the Plebs (us) to get their money. EDIT: on Monday it is Memorial Day in the U.S.. no trading at all in the "old" Wall Street world (NYC, Chicago). EDIT2: I'm not sure if the effect on weekends is a dip or a pump. the cause is that the traditional banking world does not process FIAT money inflow and outflow to the crypto exchanges and therefore the cycle is broken on weekends. but it should be more a dip because no fresh FIAT money is available to buy bitcoins. |
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So did that question get answered? Is JJG a bot or not? He was showing affection at some point but robots shouldn't be able to do that (yet).
I would say half a bot half something else. On Internet you never know who is on the other end. You know what I mean? EDIT: But I would not go so far to say Team Goosen is working behind the scene.  |
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Bitcoin will never be below  again. Genius! |
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I got attention from The Bot. may I ask if I can call me blessed? |
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BTW $40K again.my American fellows start their day.
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Still not 100% following you, but this dip was certainly nothing like the 2017.
it's almost a rule that in a bullish phase the lows of bubbles are not lower than the former highs of the pre bubble. there are very few exceptions if you scan the chart. in a bullish phase the price will never fall under the former ATH. exception was in January 2015 but the fundamental was the break-in into Bitstamp (the second important marketplace after Mt.Gox which bankrupted in early 2014). it's very clear for me that this is not the end. why you guys have so much s**t in your panties? So what your saying is the bullish phase is over (for a little at least) and by "not the end" you mean it's not the end of the correction? Sorry, for some reason I'm just not understanding what you were getting at. It's your wording that is confusing me. IMO though we have witnessed another March last year type of an event, brought on by mass FUD attack, completely overblown by the noobs, and therefore any technical analysis based off it is completely inaccurate. Including the low being lower then the previous high. man is my English so bad?  what was the ATH of 2013? $1163 did we ever go under this level after the 2017 ATH. NO. March last year was a very big black swan event. we had something similar never in the short history of Bitcoin. after ATH 2017 we had a crypto related black swan event in autumn 2018. the Hash War of BCH and BSV. that was the lowest low of the bear phase after 2017 ATH. even the bigger black swan event of March 2020 drove the price not below. if you cross a former ATH I consider it as a bull phase until the next ATH. this next ATH of the future is of course not predictable but if you consider a logarithmic scale it must be much more higher as the previous ATH because the inflation is halved on the halving event. |
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conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.
reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.
Either it is manipulation OR it is that it has been much easier to speculate into shitcoins this time. People do not have to go via BTC this time to buy their favorite dog-moon coin. This also means comparisons between BTC 2017 and 2021 charts are not very meaningful. Comparing how the mcap of the entire crypto market behaved makes much more sense (unfortunately). If you look at total market cap you will see an extreme parabolic rise and consecutive higher highs with a clear blow off top (that many are arguing is missing in this bull run). In other words, the lower lows and rather slow decline could be caused by craze just shifting to other sites, i.e. shitcoins. Not something I personally like to see, but certainly something to consider. your arguments are worth to consider for me. but it would mean the ATH after the 2020 halving event is just $64,895? NEVER EVER |
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Still not 100% following you, but this dip was certainly nothing like the 2017.
it's almost a rule that in a bullish phase the lows of bubbles are not lower than the former highs of the pre bubbles. there are very few exceptions if you scan the chart. in a bullish phase the price will never fall under the former ATH. exception was in January 2015 but the fundamental was the break-in into Bitstamp (the second important marketplace after Mt.Gox which bankrupted in early 2014). it's very clear for me that this is not the end. why you guys have so much s**t in your panties? |
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conclusion: this time it is different. you cannot compare the bull run of 2017 one-to-one with the situation today.
reason: if you look into the chart of the pre 2017 ATH you will recognize that after the burst of a mini bubble the low after was never lower than the high of the former mini bubble. but this time the low is lower than the pre high. that leads to pure panic in the market. you can called it manipulation of the market.
Which mini bubble are you referring too? And what's your opinion on direction of market from here? that's my opinion. save your wealth. |
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