Really hope that’s true. It would definitely be bullish for the price of bitcoin. Kinda checks out with my maths This is all Bitmain. The biggest whale. Can turn market wherever direction it wants to.
Feel the wrath of Bitmain!
Whale?  According to their pre-IPO deck (has it been confirmed? proudhon??) they went from BTC36.877 in Dec to 22.082 in March. That's 3months or 90 days. That means they're burning through BTC164 per day ((36877-22082)/90) at this rate they'd have enough for 134 days (22.082/164) that would last them till August 12th  thnx for playing |
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BTC vs ETH  So he took off his shirt but then still managed to get it in the water with him brilliant! |
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There are currently a lot of shorts being placed on bitfinex at the moment, 50 percent increase after tether printed some 100m $ to bitfinex, I see these shorts being liquidated in the coming days and it's going to push the price of bitcoin to the 8500 to 9000 range before mid-month
Why are all of these new accounts start spreading FUD about highest shorts all of a sudden? Longs $467,971,392.10 ~53% Shorts BTC56,544.60 $412,775,580 ~47% https://www.bitfinex.com/stats |
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Looks like a random number generator by a site trying to sell financial advise. |
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It's a false dilemma. CSW doesn't have to be Satoshi to realize Satoshi wasn't a god. In fact, it's a really stupid thing to say. Who is this fuck-monkey anyway, and why are his twats relevant?
Well whether you like it or not that's pretty much how the world currently works for majority of people. They tend to follow whatever narrative person with perceived authority tends to say, cause you know verifying stuff yourself is like work and such. In any case i'm just glad that they forked off, and now it's like watching a train wreck from the side. Regardless, whichever side looses would probably start dumping bcash first, which would kinda make them a winner as they'll at least be able to recoup some of their losses. |
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Nope. We don't trust, remember? We verify. The irony is that CSW becoming Satoshi would get more people to verify and not to trust Satoshi vs if say Pope came out as Satoshi then people would definitely just blindly follow. So this is really ingenious, Satoshi proves himself to be a babbling idiot, and then come out as real Satoshi! An ultimate lesson that people shouldn't trust but verify even if it is Satoshi him/her/them/self |
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The modem thing blows my mind because anyone who has been around longer then a decade knows the internet used to be slow as hell. Australia especially, their internet sucks so I dont understand that exactly.
All I guess there that makes sense is he just used university internet and didnt have much interest beyond that like the codec revisions to normal telephone usage. But he is interested in crypto protocols somehow, seems a bit off. How can he be the age he is and not recognise 27mb is a very big file to transmit for the old technology. Thats not even a crypto question, how long has he used computers for
The BTC price is below 50% tracement level for the last peak to trough decline. Lows are the 50 DMA area just beaten. 7500 area would be good resistance and 38% of the larger May to June peak into decline move
And never had a home DSL/cable lines back when speed was crap? So the guy who doesn't know the difference between bits and bytes convinced the idiot big blockers that big blocks are safe? Everything seems to check out, nothing to see here. On a separate note, i agree with Vitalik's statement. If he somehow pulls a clown out of his ass and proves that he's real Satoshi, instead of thinking how great he is, at this stage, people will just realize how dumb Satoshi was. Which is good in a long run, BTC doesn't need saints In Math We Trust! not In Satoshi We Trust |
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Quoting the roaches racists shit is a "ignorable" offense, FYI. Using the left's weaponized language isn't much better. Hah!, I don't even know what that is! ADDED: Is that like the dark state or something? I just don't read all that Q shit. "hate speech"... it's a phrase cooked up by alinskyites to delegitimize and deplatform their political opponents without actually addressing the content of their message. It's like saying "conspiracy theorist" or "denier" instead of skeptic. It's politically weaponized language. I don't know if roaches claim is true or not, but if it is true than there certainly isn't anything wrong with speaking truth. Except for being off topic of course. So if you really wanted to attack it than you should attack it on the grounds of being either untrue, unimportant even if it were true, or off topic. Not on the grounds that it's "hate speech" which is basically saying "shouldn't be allowed because it makes me feel neggies" (coining that word right now, means like feeling negative emotions, but in a sarcastic making fun of snowflakes kinda way). I'm not defending roach here. Just things like "hate speech" or "conspiracy theorist" are almost as annoying as euphemisms like "people of color" or "undocumented immigrant". Grinds my gears you know. Anyway I don't want to go down a rabbit hole here in this thread so we should go elsewhere if anyone wants to pursue it further. Some people are just beyond help and shouldn't be engaged. Flat earthers, scientologists, and roach are just going for publicity or trying to brainwash people. Engaging them just makes them feel more righteous and legitimizes them. Sort of like if i wanted to start spreading a belief that everyone who doesn't agree with me is a zombie controlled by squirrels that live deep deep underground. And don't you dare call it a conspiracy! |
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Quoting the roaches racists shit is a "ignorable" offense, FYI. Using the lefts weaponized language isn't much better. Only i'm pretty sure it is exponentially better. |
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Anyone factor in what happens when btrash goes bust?
It's a chance to corner BITCOIN market, i'm sure it won't be hard to find some companies to throw few millions/yr at it to keep it at 1-5% of BTC. Kinda like playing lottery on a corporate scale, chances are practically non existent but payoff is h'UUGE! Yes but i believe Roger will fall before it happens, how quick he would have to gain more favours is lessening each day Roger is a PR face that Chinese miners need, plus he also has his own vested interest in it so it's a win/win combo for them. Is 1-5% of BTC a fall? Think BITMAIN can sustain that and continue to cater to outliers, and position themselves as a "hedge" to diversify into for idiots whenever BTC rallies. China has deep pockets maybe they decide to go with 1GB blocks and China will bank roll them, who knows |
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Anyone factor in what happens when btrash goes bust?
It's a chance to corner BITCOIN market, i'm sure it won't be hard to find some companies to throw few millions/yr at it to keep it at 1-5% of BTC. Kinda like playing lottery on a corporate scale, chances are practically non existent but payoff is h'UUGE! |
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Fair enough that there is "speculation" involved, but there is a difference between gambling and investing and you seem to be very inclined towards the gambling side.
You can make a lot of money in bitcoin as long as you develop investment (rather than gambling) strategies that are likely to pay off quite well in the longer run 5 years plus (and maybe even less than that).
No no, it was gambling at the start. That was a couple of years ago. After that I started learning about the indicators, self taught how to read candle charts and so on. And yeah I lost money like an idiot and that was not fun because it was gambling. But now I enjoy making money because its speculation. I prefer to keep an eye on RSI( Outdated I know- but if used correctly, still a good indicator) My favorite tool is stochastics combined with bollinger bands. Basically I wait for the outbreak while securing a stop loss limit. And once the outbreak is in, I keep a close eye on MACD and MFI. Works like a charm most of the time. If you have any strategies to share I would appreciate it! HODL, next question. |
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Even more disappointed re: the drop in BCH value. Though I've been buying, so I have more net BCH.
How do you feel about Bitmain holding Satoshi-plus sized bags? I'll admit, I am conflicted. I worry about one entity holding that much value. OTOH, it reassures me that Bitmain has such a large commitment. I know the local narrative is that Bitmain shit the bed on this. I can see several ways, however, that this works out well for my position - in working out well for Bitmain. Time will tell.  I know wouldn't it be 2x better if they held twice as much!? And 10x better if... That's how these things work right? A shame that they're running (ran?) out of BTC to sell in order to continue propping it up. |
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They have asic miners on almost all coins, disclosed and covert. I can only imagine the control they have on the entire crypto space.
Fuck em. History will show we broke Bitmain with UASF. And we can do it again. We should all fire up our full nodes as a show of force. <------ Just take another look at my "Personal Text" |
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This is all Bitmain. The biggest whale. Can turn market wherever direction it wants to.
Feel the wrath of Bitmain!
Whale? According to their pre-IPO deck (has it been confirmed? proudhon??) they went from BTC36.877 in Dec to 22.082 in March. That's 3months or 90 days. That means they're burning through BTC164 per day ((36877-22082)/90) at this rate they'd have enough for 134 days (22.082/164) that would last them till August 12th thnx for playing |
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ah..sh*t and even 6600 for BTC.....
well, hell it is only $$$ right? FML (sob!)
but with August being lite on volume....the bots and such are gonna have a frigging field day....it seems....
(crypto...too much drama....want some plain boring news...it is like a crypto soap opera
gossip/anticipation of ill gotten gains (etf) ...sh*t....
still going with my original view on the next 2-4 years...EVERYTHING is going down 50% crypto, stocks, house, etc...I myself
see a pretty good recession coming down the pike..my only hope is 1) btc is dumping now rather than later when stock market
chokes 2) a normal recession is a 20% pull back..me I'm expecting 40% deep recession..thus my 50% it GONE viewpoint...
3) should really consider at this point in time being a 'minimalist' sell crap on ebay for btc low prices..if right SCORE...if wrong
hell less crap so its a win/win...
frigging silly hairless primate humans running around hooting and panic'ing and tossing 'poo' ...(metaphorically speaking with FUD)...
frigging amazing we have not blown ourselves back into the stone age yet....(get me off this planet!..I wish to defect!)
and now we are at 6,550..per btc ..the fun never ends here
brad
I know that you (Searing) and I have had several back and forth communications (both publicly on this thread and a few PMs, too), and currently, I am thinking that part of the explanation why you (and this seems to apply to a few others in this thread too, like Rosewater) tend to get more nervous about downfalls in the BTC price, as compared with me, is that you are looking at the downfall in BTC price as a loss of value to you, because you are focusing on the fiat value. Of course, I understand that the fiat value is important, especially in the long term, but I think that I can distinguish myself from you partly based on my attempting to view the opportunities to increase the number of my BTC. Yeah, I am not the only one like this, and there are a few of us who might still be a bit bummed out that the overall fiat value of our holdings is becoming less, but several of us attempt to make lemonade out of these lemons by buying BTC with the dips ... and really if we go to $6k or below $6k, this is going to be like the 4th time that BTC price is visiting these price territories.. .Sure, BTC price could break below $6k (and even below $5,777 which is currently the lowest price for this correction cycle), but nonetheless, we are doing good, no? Can't we buy some more BTC? Can't we attempt to appreciate buying opportunities (even if we are a little bit bummed out because our price direction preference remains, UP)? yeah, just venting but for one point....there is NO legit reason I can see for the fall but FUD....usually, there was more to a fall then FUD or upcoming 'supposed' stuff like the ETF...thus the bottom is not in yet...thus annoying....myself it is also 'bot city' I hope due to August and low volume...kinda prefer the days when an exchange would f*ck up ...at least i had the illusion of 'why' the price dumped (or pumps) for that manner on my side of the fence however I have more than enough ..even if btc hits $1k again to stay in my retired state till full retirement at 65 years (my work IRA gets me the last way home till full 66 years....even if I have to eat all crypto...also 65 medicare kicks in) thus I'm golden (compared to most folk) ....but again, up till Jan of 2018 ..I had the 'illusion', even as an expected bubble that I had a grasp of what the heck is going on (mining/equip flips/etc) er...now NOT SO MUCH...not handling 'humility' well. But again, above is a 1st world problem, I can deal with, no more working for someone no matter how this plays out moon or tulips. so I bitch and moan....again, mostly on the 'illusion' of the past that I had a handle on something with BTC and crypto..er now not so much  brad Just people wanting to make a quick buck. Half a billion USD in leveraged longs just on Finex salivating for the moon while paying daily interest. Market can stay irrational longer than you can stay solvent. |
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Looks like Dodgy Roger and his cronies is doing a runner
Some people are going to be pissed
Huge swings, willybot, fake news - Yep we seen this before
and the whales win, while everyone stands around arguing
Their ability to prop up bcash directly correlates to their profit from bitcoin. |
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