ChartBuddy
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Activity: 2324
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 10, 2015, 03:00:07 PM |
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Bitfinex Bitstamp Explanation
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JorgeStolfi
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January 10, 2015, 03:11:02 PM |
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Nice to see the good samaritans are still here trying to help, educate and save people from Bitcoin, more and more of them turning up everyday,
It is only an illusion. There are fewer and fewer bitcoiners posting here, so the same two or three non-believers now seem legion.
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abercrombie
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Activity: 1159
Merit: 1001
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January 10, 2015, 03:13:05 PM |
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If Bitstamp is back with improved security and no one got Goxed, why are we going nowhere but down?
Bitstamp has shaken the market confidence. Bitstamp wreaks of being shadey with their exposed hidden fees for each fractional purchase (no other exchange ever did that), seizing non-KYC accounts (no exchange ever did that, oh except GOX), and this latest round of stolen BTC. Delayed re-open (oh we'll open after server copied for forensics, oh we'll open in 24 hours, oh we'll open in 5 hours...) -- took a whole work week.
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octaft
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January 10, 2015, 03:14:00 PM |
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Need groundbreaking news
Need renewed purposes
Need clear perspective
Need fiat crisis
Need.
Nah, you just need greater fools.
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ShroomsKit
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January 10, 2015, 03:20:32 PM |
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If Bitstamp is back with improved security and no one got Goxed, why are we going nowhere but down?
Jesus Christ! Do i need to explain it again? Look there are 4 types of Bitcoin users left: The consumer: This is a very, very small %. They buy coins and spend them. Regardless of the price. The bagholder: a small group of delusional idiots who keep yelling that we're about to go up, no matter how bad the market is. These 2 groups don't control the price. The 2 other groups do control the price and are the reason we're going down. The early adopter: this big group of people just keeps cashing out. The smart ones did it early last year, the less smart ones have been doing it the rest of the months and even today. The trader: by far the biggest group. This is the pump and dump you keep on seeing. Sell high, buy low. But the lows keep getting lower. Right now 270 is high. So guess what, they will take the price to 220 to buy low. They will repeat this all the way to 0. The group we don't have and which we need are new users. Well, after 6 years we can safely say they won't show up anymore. Now fucking stop asking why the price is going down. 90% of the "users" of Bitcoin just use it to make short term money and don't give a shit about the technology. The will keep raping Bitcoin till it's dead.
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NotLambchop
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January 10, 2015, 03:23:35 PM |
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... The will keep raping Bitcoin till it's dead.
And, perhaps, after. Necrorape's a thing u know.
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kryptopojken
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January 10, 2015, 03:26:02 PM |
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If Bitstamp is back with improved security and no one got Goxed, why are we going nowhere but down?
Jesus Christ! Do i need to explain it again? Look there are 4 types of Bitcoin users left: The consumer: This is a very, very small %. They buy coins and spend them. Regardless of the price. The bagholder: a small group of delusional idiots who keep yelling that we're about to go up, no matter how bad the market is. These 2 groups don't control the price. The 2 other groups who use Bitcoin do control the price and are the reason we're going down. The group we don't have and which we need are new users. Well, after 6 years we can safely say they won't show up anymore. The early adopter: this big group of people just keep cashing out. The smart ones did it early last year, the less smart ones have been doing it the rest of the months and even today. The trader: by far the biggest group. This is the pump and dump you keep on seeing. Sell high, buy low. But the lows keep getting lower. Right now 270 is high. So guess what, they will take the price to 220 to buy low. Now fucking stop asking why the price is going down. 90% of the "users" of Bitcoin just use it to make short term money and don't give a shit about the technology. The will keep raping Bitcoin till it's dead. PREACH
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ShroomsKit
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January 10, 2015, 03:27:06 PM |
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Need groundbreaking news
Need renewed purposes
Need clear perspective
Need fiat crisis
Need.
We basically need a miracle. Everything else needs to stop working for Bitcoin to start working. Maybe, just maybe there is something wrong with Bitcoin then.
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ssmc2
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Activity: 2002
Merit: 1040
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January 10, 2015, 03:27:35 PM |
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Look ^ ^ a circle jerk of trolls
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600watt
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Activity: 2338
Merit: 2106
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January 10, 2015, 03:28:36 PM |
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bam ! ignored bam ! ignored bam ! bam! bam ! forever f U doom trolls keep on embarrassing yourself. i may be delusional, but i fucking worked hard for being able to afford this. you are just scum, why else would you be here? (dont answer, i got you all on ignore)
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 10, 2015, 03:29:02 PM |
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... The will keep raping Bitcoin till it's dead.
And, perhaps, after. Necrorape's a thing u know. Nah pl0x, g1v sum m0ar d3t4ilz plz... Which part are you? the dead or the other?
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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January 10, 2015, 03:30:30 PM |
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greater fools can't even use bitcoins it's too complicated
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octaft
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January 10, 2015, 03:32:25 PM |
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greater fools can't even use bitcoins it's too complicated
You don't need to know how to use (as in spend) bitcoin to "invest" in it. Hell, you don't need to spend it at all. All you need to do is be an enormous speculating bagholder, like Tim Draper. a circle jerk of trolls With bulls in the center.
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NotLambchop
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January 10, 2015, 03:35:24 PM |
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... The will keep raping Bitcoin till it's dead.
And, perhaps, after. Necrorape's a thing u know. Nah pl0x, g1v sum m0ar d3t4ilz plz... Which part are you? the dead or the other? Your tears are delicious, Bitcoiner
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NotHatinJustTrollin
Full Member
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Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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January 10, 2015, 03:36:51 PM |
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Litecoin almost at 1 and a half dollars.
lol
This is what is waiting for you bitcoiners. Will you be with the bagholders side? Or the "stay safe and watch the ship sink" side?
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crazy_rabbit
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Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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January 10, 2015, 03:43:12 PM |
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Here's the question- where do I SELL my coins? I've got a significant portion on Bitstamp,but I'm not verified at Kraken yet, and like hell I'm willing to put more coins INTO bitstamp. :-)
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Jammalan the Prophet
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January 10, 2015, 03:44:12 PM |
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Here's the question- where do I SELL my coins? I've got a significant portion on Bitstamp,but I'm not verified at Kraken yet, and like hell I'm willing to put more coins INTO bitstamp. :-)
I've read 100+ posts about how you should use localbitcoins instead of exchangers during this week , why not go that way?
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JorgeStolfi
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January 10, 2015, 03:45:28 PM |
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Litecoin death?
Compare the two price charts BTC/CNY and LTC/CNY (best at BTer, 3-day step, logscale). The trend over the past year is very similar: a nearly exponential decay (straight line in logscale), with similar decay rates (slopes). However, BTC had two extra bubbles -- late May 2014, and November 2014 -- that shifted its trendline upwards, by ~1800 and ~700 CNY, respectively, without appreciable change to the slope. (Bubbles of demand combine in a non-linear and non-multiplicative way, so their effect is a bit distorted in logscale). Litecoin is already back to the October 2013 level, meaning that the Mainland China bubble has completely deflated for it. Bitcoin should be there too, at ~700 CNY, if it had continued following the trend from February 2014 (or from the November 2013 peak) to mid-May 2014. The current price (~1700 CNY) apparently still includes what is left of those two mini-bubbles; as if the Mainland Chinese bubble had deflated completely underneath them. The prices of both LTC and BTC by October 2013 still included the "tail" of the March 2013 bubble. I believe that it was generated in China too, specifially in Shanghai by BTC-China after Bobby Lee became their CEO. There doesn't seem a way to knwo whether that bubble is holding, or deflating too. So, if there is no new major development (like the COIN ETF), and the March 2013 bubble holds, LTC may have hit bottom now, while BTC may still see some drops, depending on how those two mini-bubbles evolve. If there is no new develpment, and the March 2013 bubble too is deflating, there may be further drops for both, but extrapolation becomes too uncertain to tell where the prices will end.
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spooderman
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Activity: 1652
Merit: 1029
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January 10, 2015, 03:46:34 PM |
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Here's the question- where do I SELL my coins? I've got a significant portion on Bitstamp,but I'm not verified at Kraken yet, and like hell I'm willing to put more coins INTO bitstamp. :-)
Bitstamp is showing itself to be very reliable. I'd trust it over Kraken.
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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January 10, 2015, 03:47:47 PM |
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Here's the question- where do I SELL my coins? I've got a significant portion on Bitstamp,but I'm not verified at Kraken yet, and like hell I'm willing to put more coins INTO bitstamp. :-)
Verification at Kraken is extremely easy (up to tier 2). If i remember correctly you just need to verify your mobile phone number.
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