HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 09, 2018, 01:07:39 AM |
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Paint a bull flag. Long / shorts still in bearish territory but trending upwards towards bullish.  |
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Rosewater Foundation
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March 09, 2018, 01:08:19 AM |
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... the interesting part of the trustee GOXing was it took so few coins to accomplish a ~14k drop in price, i.e. 36,000 btc or ~$380 million spread over ~50 days.
The flip side to that being how high/fast BTC price can appreciate when similar sized inflows are experienced.
Yes, let's ignore the usual trading games and consider supply and demand. I guess it was a big chunk for the ecosystem. The 'natural' amount added by mining during 50 days is 50 * 24 * 6 * 12.5 = 90k BTC at the moment. He added 36k or 40%. Let's say miners will sell just half of their mined BTC to cover running costs. Then Mr. Kobayashi added 80% to the natural supply... If he really dumped this amount on exchanges not using OTC trades I would say it was at least good fuel for the FUD campaigns we've seen so far in Q1 and the price keeps up very well.  How's Ellen supposed to explain this to her audience? |
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savetherainforest
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March 09, 2018, 01:17:12 AM |
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A smart guy buys property which has utility worth and hopefully far smaller percentage costs.
A house can cost a surprising amount of money to maintain, and this is the result if you don't keep spending money on it.  Bitcoin costs nothing to maintain. Keep hodling long enough and it will give you a good return. Your motivational 'speech' is not bad!  Maybe in the future bitcoin will buy us 'self repairing houses'.   (edit: At 0 extra costs ofc! ) |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 09, 2018, 01:19:21 AM
Last edit: March 09, 2018, 01:31:23 AM by HairyMaclairy |
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Oh god Steve Bannon is a Bitcoin supporter and is now on my side.
Maybe Roach is just drunk Bannon. It would explain the whole Jew thing. This is bad.
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Rosewater Foundation
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March 09, 2018, 01:34:00 AM |
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I guess the market is planning to sit like a lump until the rest of the Gox coins are dumped.
Only 160,000 coins to go. Woot!
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JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10212
Self-Custody is a right. Say no to"Non-custodial"
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March 09, 2018, 01:36:43 AM |
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just popping in to tell JayJuanGee to suck it
(suck it JayJuanGee)
Hahahahahahha I'm glad a newbie like yourself has found such an important theme in this thread that inspires you to engage your keyboard with such substantive and deep insight. I captured a little video of your reaction to ur selfie:  lol
it's like bag on Jay Thursday
we should make this a weekly thing
Or maybe that was jojo on that above video? |
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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March 09, 2018, 01:42:41 AM |
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doom doom doom
DOOOMMM
now away with you before I dump further
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10212
Self-Custody is a right. Say no to"Non-custodial"
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March 09, 2018, 01:43:15 AM |
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Rosewater Foundation
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March 09, 2018, 01:45:01 AM |
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doom doom doom
DOOOMMM
160,000 BTC is nothing. A blip on the radar. This is good for Bitcoin. |
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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Of interesting note is that nothing before, during or after price crash caused the mem-pool to increase notably in size. Meaning people did not rush to move bitcoin to exchanges, not very many anyway. It appears to have made very few people freak out.
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moneyForjam
Jr. Member
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Activity: 165
Merit: 4
Always believe in magic
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March 09, 2018, 01:50:04 AM |
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BTC gonna c some dark days
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rafanadal
Member
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Activity: 368
Merit: 31
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March 09, 2018, 01:55:42 AM |
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wow 8000s again
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Ivor Biggun
Member
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Activity: 196
Merit: 19
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March 09, 2018, 01:56:27 AM |
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doom doom doom
DOOOMMM
160,000 BTC is nothing. A blip on the radar. This is good for Bitcoin. I bet the trustee takes years to dump the bitcoins. Why would he rush when he's already earned $1.4 million in fees? If he stretches it out for a few more years he can earn another $1.4 million. https://www.reuters.com/investigates/special-report/bitcoin-gox/According to Kobayashi’s most recent status report on the Mt. Gox bankruptcy, dated Sept. 27, as trustee he has received 163.7 million yen, or about $1.4 million, in fees since his appointment. |
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Rosewater Foundation
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March 09, 2018, 02:01:00 AM |
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doom doom doom
DOOOMMM
160,000 BTC is nothing. A blip on the radar. This is good for Bitcoin. I bet the trustee takes years to dump the bitcoins. Why would he rush when he's already earned $1.4 million in fees? If he stretches it out for a few more years he can earn another $1.4 million. https://www.reuters.com/investigates/special-report/bitcoin-gox/According to Kobayashi’s most recent status report on the Mt. Gox bankruptcy, dated Sept. 27, as trustee he has received 163.7 million yen, or about $1.4 million, in fees since his appointment. My gambling days are behind me. |
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Typex
Jr. Member
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Activity: 61
Merit: 1
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March 09, 2018, 02:03:47 AM |
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What did he think would happen by hitting the sell button on big chunks like that, rather than OTC? Either he is incompetent, which is highly unlikely as the old Japanese BAR exam was the hardest exam in the world, or he was "influenced".
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 09, 2018, 02:04:19 AM |
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Doing some bear planning   uploaded photo |
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MMysterious
Sr. Member
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Activity: 972
Merit: 255
Bear season or just the beginning
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March 09, 2018, 02:04:28 AM |
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BTC gonna c some dark days
I guess we are already in the dark days? I doubt bitcoin drops below $8,000. I am thinking when to long. But seriously $20,000 again is my wish in few months to come. |
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petahashminer
Legendary
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Activity: 1890
Merit: 1037
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March 09, 2018, 02:12:19 AM |
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what is going on again ?
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petahashminer
Legendary
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Activity: 1890
Merit: 1037
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March 09, 2018, 02:14:39 AM |
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this is quite massacre
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rafanadal
Member
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Activity: 368
Merit: 31
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March 09, 2018, 02:15:14 AM |
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