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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25814143 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
BTCMILLIONAIRE
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March 10, 2018, 09:29:24 AM

Fuck society. I did not came in the world to serve others. And yes, bitcoin is about money.

someone has to work for your food and shelter, well but maybe you're lucky and find some idiot to do it for you
ah and i forgot, in the end, whenever that may be, you all want to cash out to that filthy fiat

what is the real life use case for

BTC? i thought we just HODL it to the moon without spending it?
It's quite interesting that you'd talk about society while completely failing to grasp the complexity of it. Also, no job doesn't imply a lack of productivity.
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March 10, 2018, 09:34:30 AM

2013 saw a bubble and fast recovery, then another bubble just a few months later. The speed of the drop and the apparent bottoming out at $6k suggests the same here - at least, it argues against 2014's slow grind.
BTCMILLIONAIRE
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March 10, 2018, 10:10:59 AM

2013 saw a bubble and fast recovery, then another bubble just a few months later. The speed of the drop and the apparent bottoming out at $6k suggests the same here - at least, it argues against 2014's slow grind.
There's also the fundamentals argument. And the fact that Bitcorn usually takes a dive after rallies, and generally takes a break after the holiday season. But given that banks already conceded their impotency I don't see any problem at this point. Worst conceivable scenario at this point seems to be a slower than expected grind to 6-7 digits and a global blockchain Economy.
JayJuanGee
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March 10, 2018, 10:20:23 AM

I browsed like the 1st few pages of this thread just for shits and giggles.
holy crap!! all these heros and legends I've never seen before.
small wonder.
 they are all long since millionaires by now and don't waste their time here anymore... lol

... And many of them who sold and the train left without them.

yeah them too   Cheesy

I'd be surprised if one in ten of them is rich. Most probably sold too soon.

A legendary called arklan once had a shit load of Bitcoins, but lost them all before the price mooned. He sold ten to his brother for something like $100, and he had to sell some others for various reasons. He was here before this thread began.



doesn't help i sold 10 BTC to my brother back in 2013 at around 100 a pop... argh. i've got less then .04 now...

I know that stories vary, but your 1/10 seems a bit more optimistic, and, I would NOT be surprised if the number is closer to 1 in 30 who have more than 100 BTC.
Last of the V8s
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March 10, 2018, 11:27:32 AM
Last edit: March 10, 2018, 11:46:48 AM by Last of the V8s

...
I’m not convinced the coins were sold on exchange. The Mt Gox transfers are not linked to any known exchange account afaik.    I am starting to think the coins were sold OTC and this is all a bullshit FUD campaign.
Summary of Questions & Answers by the Trustee, copied from the mtgox-creditors site:
...
Q4. When and how did you sell BTC and BCH? What was the difference between the sales figures for BTC and BCH? Have you obtained any information from the U.S. Department of Justice on the disappearance of BTC[-e]?

A4. We sold them at the market price through the cryptocurrency exchange service provider from December 2017 through February 2018. The difference between the sales figures for BTC and BCH was just the timing of suspending sales; therefore, we did not have any particular intention. We have not obtained any information from the U.S. Department of Justice.
...
Q9. I have never heard about the sale of BTC and BCH. Why did you sell them when the market price of BTC crashed? Why did you sell them in such a hurry? Is selling BTC and other assets part of the “measures taken to ensure the benefits of the bankruptcy creditors” as pointed out by the examiner?

A9. From the outset of the bankruptcy proceedings, we informed all relevant parties that we were going to sell BTC and BCH at the appropriate time. We discussed this with the Tokyo District Court and decided when we should sell them. Some creditors were of the opinion that we should sell BTC and BCH soon. We believe that obtaining a lot of funds made it possible for us to take the “measures taken to ensure the benefits of the bankruptcy creditors”.
emphasis mine. This phrase muddies the waters in favour of your suggestion. Maybe it was the otc arm of an exchange. Or maybe that's a complicated way of saying 'exchange'. The transfers do seem to go to exchange-like wallets, and the dumps do seem to tally. If it was an OTC arm, why not chuck it at them all in one go?
It seems quite likely that someone out there has better information.

edited to add the relevant original text
A4   2017年12月から2018年2月にかけて、仮想通貨交換業者を通じて、時価で売却した。売却個数の差は、売却をやめたタイミングの問題であり、何らかの意図があるわけではない。米国司法省からの情報は特段得られていない。
https://mtgox-creditors.com/
@theymos exchange or otc?
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March 10, 2018, 11:35:28 AM
Last edit: March 10, 2018, 11:55:35 AM by HairyMaclairy

I had not seen that before.  Thank you.

It would be helpful to get the original Japanese and have a second opinion from a native speaker as to the meaning of the bolded words.  

Edit:  google translate gives me “through a virtual currency exchange trader” which could mean either on exchange or OTC.  

If he’s selling it OTC and the market starts to tank, then it’s absolutely prudent for him to dump the coins.  Especially at 20x the value when the bankruptcy occurred.   I know there’s bitching and moaning but an average sell price of $10,500 for that volume looks pretty good to me.  

I think he’s done well, even with the benefit of hindsight.
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March 10, 2018, 11:37:13 AM

Here's the thing, where I come from it was Blindman's Bluff. We would never have played Buff. It makes no sense in my language unless I'm holding a shine rag to one of V8's personal automobiles, or his shoes.
Here's the thing, tongue or gtfo.
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March 10, 2018, 11:38:01 AM

I browsed like the 1st few pages of this thread just for shits and giggles.
holy crap!! all these heros and legends I've never seen before.
small wonder.
 they are all long since millionaires by now and don't waste their time here anymore... lol

... And many of them who sold and the train left without them.

yeah them too   Cheesy

I'd be surprised if one in ten of them is rich. Most probably sold too soon.

A legendary called arklan once had a shit load of Bitcoins, but lost them all before the price mooned. He sold ten to his brother for something like $100, and he had to sell some others for various reasons. He was here before this thread began.



doesn't help i sold 10 BTC to my brother back in 2013 at around 100 a pop... argh. i've got less then .04 now...

I know that stories vary, but your 1/10 seems a bit more optimistic, and, I would NOT be surprised if the number is closer to 1 in 30 who have more than 100 BTC.

Those bought bitcoin and forgot about it became rich. While those who bought bitcoin, stuck their eyes to the value daily, didn't win anything at all (that unfortunately includes me as well).

Even your 1 in 30 seems more optimistic to me. It should be somewhat like 1 in 50.
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March 10, 2018, 11:47:08 AM

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump. It’s $9,358 as I write this.
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March 10, 2018, 11:49:41 AM

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump.
my new local bottom is 7500. heard it on the rapevine
fragout
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March 10, 2018, 11:50:29 AM

I browsed like the 1st few pages of this thread just for shits and giggles.
holy crap!! all these heros and legends I've never seen before.
small wonder.
 they are all long since millionaires by now and don't waste their time here anymore... lol

... And many of them who sold and the train left without them.

yeah them too   Cheesy

I'd be surprised if one in ten of them is rich. Most probably sold too soon.

A legendary called arklan once had a shit load of Bitcoins, but lost them all before the price mooned. He sold ten to his brother for something like $100, and he had to sell some others for various reasons. He was here before this thread began.



doesn't help i sold 10 BTC to my brother back in 2013 at around 100 a pop... argh. i've got less then .04 now...

I know that stories vary, but your 1/10 seems a bit more optimistic, and, I would NOT be surprised if the number is closer to 1 in 30 who have more than 100 BTC.

I remember talking to a guy on the btc-e trollbox back in 2013 that had been in very early. He had bought 2 of the first asics (Avalons ) . He sold most of his bitcoin before the the pump to $1k+ but had still 2000 left. I wonder did he Hodl ( I doubt it ). Those Avalon guys made a killing at the time and when difficulty increased, they were still making 20X cost price on ebay.
fragout
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March 10, 2018, 11:59:43 AM

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump. It’s $9,358 as I write this.

I agree that anyone should not get too comfortable, but demand is increasing the last few days . +$45 million on the buy side on stamp. I think a lot of the weak hands have sold already and those that havent are not inclined to sell @50% of ATH
Im sure there is a lot of nervousness out there too but if confidence is restored, I think there is a lot of cash waiting on the sidelines to jump back in.
HairyMaclairy
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March 10, 2018, 12:02:53 PM

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump.
my new local bottom is 7500. heard it on the rapevine

A 20% drop from $9,350 is $7,480.  Sounds like a big dip but could be on the money.
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March 10, 2018, 12:22:40 PM
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@KamilBrejcha https://twitter.com/KamilBrejcha/status/972438246528569344

Who would imagine that mining cryptocurrencies and agriculture can work together?  The first batch of cryptomatoes is ready to be harvested. We are using the excess heat for the tomato greenhouse and it is working:-)
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March 10, 2018, 12:32:51 PM

Price for today are fluctuating a little bit, but still holding my amount.

I know that we experience crypto currencies crisis due to lots of withdrawals from the previous.

However I believe that after this fall down it will recover.

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March 10, 2018, 12:35:01 PM


@KamilBrejcha https://twitter.com/KamilBrejcha/status/972438246528569344

Who would imagine that mining cryptocurrencies and agriculture can work together?
  The first batch of cryptomatoes is ready to be harvested.
 We are using the excess heat for the tomato greenhouse and it is working:-)


This is pure gold!!! Cheesy Cheesy ... I was thinking about doing this as well. Cheesy Cheesy
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March 10, 2018, 12:54:36 PM

^^no cryptotomato ICO? nice...  Smiley
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March 10, 2018, 01:37:51 PM

I think they are going to hold us down until after US tax day.  They know a lot of people have to sell some to make taxes, and they want those coins cheap.
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March 10, 2018, 02:37:59 PM

^^   Thats a self fulfilling prophesy.   Its really how the markets work, people sell before an event and then that event becomes an ironic point of strength as the selling is over.    Its not a bad point, I think it also occurs with stocks as alot of stocks are cashed in before quarter ends so that investment companies can mark off gains.     Is BTC still based around peoples income flows/taxes or more company balance sheets I wonder and surely not just USA but globally?


The bottom pricing held roughly, bottom of a long term channel, about 8895 now.  Late FEB low is around this current price , some profit taking from the more aggressive speculators who buy into the lows(and recovery) I would guess
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March 10, 2018, 04:15:09 PM

Long / short ratio still bearish at 1.41.  I don’t think anyone should get too comfortable at the current price because risks are still to the downside.  We are due a weekend dump.
my new local bottom is 7500. heard it on the rapevine

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