Check out how volume has increased within last 15 days:  But still pretty low if we compare it with 6th February *pump:  |
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Nice words tweeted by Vinny Lingham:  Which is exactly how all investments are ie. the best time to invest is right in the middle of a crisis and then wait some years until full recovery. It's during those times poors are more concerned about getting enough money to feed their families and avoid eviction than investing. It has nothing to do with Bitcoin/crypto. I think Vinny is trolling again there. Yes, you're correct there. It's not just with crypto, however, my major investment has always remained in crypto so I'm looking at that tweet only from crypto-angle. |
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I'm very disheartened today. Lost a major chunk of my bitcoin holdings (almost 0.38 BTC) on Bitmex even though I've been longing since $8000 with just 4x leverage (adding more & more after every dump to average it further down), but still at $6140, I got liquidated. With this, I can pretty much assure that $6140 was actually the bottom. It was only to liquidate me, hard luck. Don't comment that I need to risk only what I can afford to lose, I know that very well, just had some real bad luck (as well as confusion) this time.
For reasons like this, I continue to conclude (personally) that leveraging is not necessary, especially in bitcoin. In bitcoin we are lucky to experience outrageously stupendous returns, and I we do not need to leverage in order to achieve such outrageously stupendous returns on our investment. Accordingly, if you just invest regularly, then the most that you can lose is 100% of what you put in - but if you employ leverage (especially using the margin trade vehicles supplied by exchanges), you not only can lose your 100% more quickly, you also lose it way faster, which causes a kind of magnification that if you employ 4x leverage than you can lose 400% - something like that. Therefore, I still consider any kind of leveraging to be too far into a "gambling" rather than "investing" category, especially with bitcoin. That's exactly what I'd like to conclude. It's a total gamble, and I'd not suggest anyone anymore to be a part of leveraging at BitMex. I still can't believe how easily I lost it all just because of a dump which is not even visible on CoinMarketCap (I'd repeat that again - I'm 100% sure & confident that I got liquidated right at the bottom which was $6140). Moreover, when I was about to get liquidated at $6140, I tried to increase the margin further with a little bit of more BTC (which would've increased the liquidation level to $6050 instead of $6140 and I'd have been saved from being liquidated), but effing system of BitMex gave me an error (system overload, try again later). It's not easy for me to just invest more into bitcoin when I've my whole family to support, my education bills to pay and all other hell. It's surely going to take a while to recover from the two recent losses of BitMex and DENT at CoinRail (I highly doubt that I'll get the DENT back from CoinRail, even though they've been telling me to calm down). A recap: -Sold my GPT websites network for 919 bitcoins in 2011, used bitcoin as "just another" payment processor. Started saving the dollars at LibertyReserve.com. -Lost every penny of savings at LibertyReserve.com (this is when I realized that bitcoin could be the future after reading an article at CoinDesk). -Bought a huge bag of ZCL from my savings in mid-2017 thinking it has gone down by 70%, and can't go further down, but it continued its decline. -Shilled ZCL in almost all 2017. Gave idea of Bitcoin Private to Rhett, but he said it's "worthless" and he's going to abandon the project of ZCL. I could've developed BTCP on my own if it wasn't for integration of stupid two way replay protection. Sold all ZCL in November at $2 each due to fear of getting it de-listed from Bittrex (as there was no trading volume present). He then introduced my idea of BTCP in December and ZCL skyrocketed to $200. Now John McAfee shills BTCP all the time. All of this can be considered as a proof that I got my savings liquidated right at the bottom and we won't see bitcoin below $6100 again.Nice words tweeted by Vinny Lingham: |
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Point to ponder:  |
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Are you even using the risers or have you placed all the six graphic-cards directly on the motherboard? Plus which miner are you using right now? Have you tried undervolting? Undervolting can greatly help in reducing the temperature levels, it does affect the hashrate a bit but with that, your GPUs will consume less power and will remain less hot.
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It's funny how I sent a detailed e-mail to Coinbase back in December with all the good reasons why they should prefer listing Ethereum Classic, and now, when it's actually getting listed, I don't hold a single ETC. Right now, I'm not in a position to buy any of it due to all what I recently lost in Coinrail hack and then the liquidation at BitMex. I hope I get the time to accumulate at least some of it before it actually gets listed.
Most of you people don't seem to understand what it really means to be at Coinbase. It means a direct jump to the top ten crypto-currencies by market-cap (but that's of course if Coinbase doesn't go crazy with many more listings).
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Pakistan beat Scotland by a big margin of 84 runs. They whitewashed Scotland, but Scotland's team has definitely improved. They defeated England earlier and at some points, they looked better than Pakistan today (like in first few overs in which they bowled Pakistan). Fakhar Zaman's luck seems to be always in play during his batting though.
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I'm very disheartened today. Lost a major chunk of my bitcoin holdings (almost 0.38 BTC) on Bitmex even though I've been longing since $8000 with just 4x leverage (adding more & more after every dump to average it further down), but still at $6140, I got liquidated. With this, I can pretty much assure that $6140 was actually the bottom. It was only to liquidate me, hard luck. Don't comment that I need to risk only what I can afford to lose, I know that very well, just had some real bad luck (as well as confusion) this time. what does this mean?
This means: 1. register on Bitmex 2. deposit bitcoin 3. choose at least 10x leverage and go long (right now at $6500) 4. get your bitcoin doubled when bitcoin reaches $7500 I take this advice completely back. I'm not going to open that website ever again. Probably a URL which I'll hate the most after LibertyReserve.com. Miners won't let the price fall to 5000.
This is only one aspect to the manipulation that’s been going on since September. However if you look at the hash rate, it’s trending upwards, almost parabolically. This is because asic miners are in excess and they can ship them out much faster than last year, when demand was at ATH. Coupled with strange miner confidence in bitcoin which I cannot explain. Even if you ignore hashrate increase, assume miners do not leave bitcoin, and look at the price vs. block difficulty by the end of the year, profitability approaches 0 in all cases from 7500-10000. If miners switch, it can alleviate this pressure, but who will be leaving and who can afford to weather this storm currently? Big farms are more economical than small miners. It seems like an effort to weed out small miners and their coins, while centralizing mining, all while they can make money by liquidating people on longs/shorts. If it wasn’t a manipulated market I wouldn’t believe this, but it seems likely. I welcome regulations and investigations into market manipulation. After all, exchanges are the only ones who can see real volume.
People don't seem to understand that miners can and will mine at a loss. The only real limit is that it be cheaper than other forms of money laundering. True. Moreover, increasing hash-rate doesn't necessarily mean that the number of miners is increasing, it might also be due to the newer versions of Bitmain now available in the market with greatly improved efficiency. |
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 Resistance is clearly very week, while support looks pretty strong. |
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Sold all of my BTC now.  This is the end. A message like this from a "legendary" confirms this really is the bottom. EDIT: seems like you're a "hero" but how in the world you've more than a thousand merit and still just a Hero? |
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QUICK list 12288 is finisht GOOD LUCK WO's (list snipped) with this 2 lists running .... i don't see what to do for another one .... would be nice if i had made a BOTTOM list when it was on a higher price....  Don't worry mic, better not think too much about bottoms. BTC bottoms, I mean ;-) going too sleep now so better a nice dream about a reached BOTTOM and a BULL run in progress  You will wake up to $5XXX I highly doubt that. Time for Asians to wake up, they're most probably going to be *very* bullish this morning, I've a few reasons why. |
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There is a shop in atrium mall accepting bitcoins in Kaarachi. He said some dealership also sells cars for btc in DHA
If that's true, it's awesome! This is what I found after searching about that:  Can someone confirm if it really exists there? I've a visit to Karachi next month, will surely purchase something from that shop if bitcoin is accepted! I can't see anything which prove it this picture is a shop of pakistan.. it could be from another country where shops accept bitcoins. There's actually a good possibility that it really is Karachi. See on Atrium Mall's website: http://www.atrium.com.pk/Shopping.php?ID=1Shop named "GROWTH" is mentioned there. |
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I do not know about you but I see 'opportunities'....  what does this mean? This means: 1. register on Bitmex 2. deposit bitcoin 3. choose at least 10x leverage and go long (right now at $6500) 4. get your bitcoin doubled when bitcoin reaches $7500 |
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There is a shop in atrium mall accepting bitcoins in Kaarachi. He said some dealership also sells cars for btc in DHA
If that's true, it's awesome! This is what I found after searching about that: Can someone confirm if it really exists there? I've a visit to Karachi next month, will surely purchase something from that shop if bitcoin is accepted! |
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As the title suggests, I require 0.005 Ethereum and can pay through PayPal.
Regards,
Raja
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A (big) jump from here will make bitcoin have a confirmed:
-three rivers bottom
-giant diamond bottom
-triple bottom
...and bears will have wet-pants bottom
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This picture shared by someone on Twitter literally made my day.  |
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Surprising results these days:
-Afghanistan whitewashed Bangladesh
-Scotland beat England by 6 runs in one-off ODI
-West Indies literally crushed Srilanka
Did anybody follow today's Scotland ODI match against England? It was an awesome performance by Scotland and it'll be interesting to see them against Pakistan in Edinburgh on 12th of June. It'd be a T20 match though.
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Gosh, just seen this thread... Is this real? Damm, I hope I still get to grab some tokens before this explodes into the crypto world. Any suggestions on how to get some ITC. It's interesting that it interacts with Ethereum. TLDR please on what's in https://bounty.iotchain.io/You can get some ITC from Kucoin or Huobi (buying from Huobi should be more convenient for you as it has higher volume and usually lower price than on Kucoin). Bounty.iotchain.io provides some very little bounty on daily basis if you perform specific tasks like retweeting a tweet or liking at Facebook. |
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$6800 will actually be an "almost triple-bottom". Exact triple-bottom should be at around $6600:  Touched it, bitcoin has successfully made a sweet triple bottom.  Hmm. It has to hold before I'd call it successful. Yup, we need a pump-filled Bart ASAP to complete it. |
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