Yes, we're in a bull market, we've always been in a bull market.
You know, as in stinky, smelly, bullshit. Yay!
I could be wrong, but the current market screams bull-trap to me. I happily collected on a large percentage of BTC from yields over the past month and today. Nah, this whole market screams bullshit trap. Put your BTC in and watch it get flushed away!  Everyone screams that they're making thousands and thousands on a daily basis. Sure. Once again: bullshit. |
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Yes, we're in a bull market, we've always been in a bull market.
You know, as in stinky, smelly, bullshit. Yay!
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This doesn't necessarily mean anything in terms of a price swing if financial duration isn't given.
For example, a currency swap market with high volumes of contracts but also high ModD would naturally be exposed to a lower level of volatility, but the same market with a low volume of contracts and low ModD would likely be prone to significant price swings.
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This may have been the case the last time, but that was propelled because of run-ups due to transitions from optimized GPU to FPGAs and then to ASICs. That provided an "immediate" infusion of cash because of exponential gains from anticipated ROI. This in turn, created an incentive for a price "pump." The timing of the block-halving only compounded the effect. Without it, the block-halving wouldn't have had as much effect.
That said, because there currently isn't any type of catalyst for a run up this time around, I don't anticipate any type of significant bullish rally even at the point 12 months before the next halving. The only thing that would change this is if venture investments began to payoff soon, and it doesn't look like that'll be the case.
If I had to venture a guess though, there may be some rally activity some point early next year shortly. And this time around it will be due to invested capital; the block-halving will just serve as a buoy.
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Getting to the heart of the OP's question, the way I would go about it is by having a chain of intermediary brokers do the transaction with a buyer. Still though, at best it's pseudonymous.
Here is a very basic idea of a chain of intermediary brokers, it's very similar to a generic mixer in computer theory:
-Tell one proxy that you are looking for a buyer for some sort of item, the code item, and to work with particular groups/sets of people.
-Inform a subset of parties that if they are approached with a seller of the code item that person is actually selling BTC.
-Have a trusted escrow agent work with proxy for transaction purposes.
The simple chain can be expanded to as many "obfuscation" layers to complicate true nature of sale (Code Item 1, is Code Item 2, is Code Item 3, and so forth until "BTC level"). Similar can be said for proxy agents, and with trusted escrow agents. Once again though, the moment chained parties work together anonymity is lost.
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I like how this has basically turned into a somewhat of a shilling thread. Getting to the heart of the question, RyanPumper is not banned because his namesake is literally what he does in real life  . And well, that's gotta count for something right? |
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It really is fascinating how the last mania conjured up such wild expectations and emotions. Everyone was hoping for continued exponential growth (because so many people bought in at prices around $1000), but naturally that can't happen.
I still like a prediction made tying M0 to the price of bitcoin. At a 0.1% equivalency to market cap at the second halving, that would make a bitcoin worth ~$440 at this point next year. Let's see what happens...
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In long term hold games like this the more patient win, but sometimes it's good to realize if we are bubbled or not. That is very hard to do tho, and you can risk missing a perfect spot for moon.
This just doesn't fit with the reality we have observed since November 2013 (although does fit with before then). Since Nov 2013, we have witnessed a fairly steady decline, through a series of downward steps, from 1,100 ish to 220 today. This process continues, some 17 months after it began. This is a remarkably slow and predictable bursting of a bubble. Past bubbles, including past bitcoin bubbles, deflated much more quickly, in a matter of days/months. Even historical bubbles, like the tulip bubble, all deflated within a year. I would have thought that in this age of instant information, bubble bursting should be instant. But no, even after 17 months the realisation that the price is going to fall has still not fully been reflected by traders. Crazy. It must be due to fanatics, holding up the price (at huge financial loss to themselves), rather than letting it find its new equilibrium level. I do agree that remnants of a depressed market lingering for this long is surprising, but a bubble course did take place in a matter of 6 months from November 2013-April 2014. It just so happened that a balancing bull trend overlapped from October 2013-July 2014 (Surprisingly, if you overlay two trend charts that simulate those types of movements and use exponential and stochastic balancing of prices during those two time frames and you'll see a very strong model fit to actual prices). That said, I think the elongated effect had a lot to do with a significant resistance to prop up price related to news and financial players rather than just fanatics. Comparing to the last bubble, this time period is similar to how things were in July 2013. The difference is that instead of China and ASICs affecting the trend, it will likely be major financial parties that end up impacting the price trend. Nonetheless, it is "crazy" how much "faith" still exists, but it makes sense since people in general also tend to believe in weathering storms and similar things. |
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I voted "bearish" for the term that the OP is referring to. I don't see anything that indicates contrary to the current trend. There will definitely be more shock movements downward that will have rebounds that go over the average during short periods, but in general, I expect the moving average to keep going down at least for the next 4-6 months.
Maybe this will change once the average starts touching $150, but until then, I expect a consistent decline.
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Someone should also mention this same drop range happened at multiple other exchanges too (such as btc-e, bitfinex, etc.). From what I got, the total aggregated volumes was around 15k.
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LOL! You are a worthless piece of shit. Ha! Thanks for more free popcorn fodder! |
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no promise today from the DEV?
Damn i whas hoping for another empty promise
I know right? I'm still not finished with my popcorn... |
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Howdy Magi community! I've been watching (as a lurker) this coin for a while (I've actually been mining it and have held some coins for a while).
Just want to say that I like what I see from you guys (and that I am participating in this POI campaign too! ^_^).
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This is so good. Everyone is scammer! Exchange and Dev! Maybe they work together? Line pockets with BTC to buy island? So good, need more popcorn. Maybe fix will allow for more scam? Get even more BTC from suckers? |
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ILT will live! Please return the exchange trades.
Why? Coin is broken, dev is making no effort, and frankly there is no purpose to this coin. No smart exchange will ever deal with this coin again. If you're a bagholder, just face the fact that you picked terribly wrong even there was so many warning signs.  |
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so it looks that is purely wallet problem???
Seems to be that. No, I'd say it's an incompetence/"you got scammed" problem. |
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Oh this is too funny! The OP has R.I.P. under wallet! Yes, yes indeed, R.I.P. wallet, because all y'all just got burned by this obvious scam RIP off! Amirite? People just keep trusting these "devs" while they cash out right under your noses! When will people learn? |
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Cleveland Cavaliers: 106
Milwaukee Bucks: 95
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Washinton Wizards: 99
LA Clippers: 105
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Cleveland: 108
Atlanta: 99
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