HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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August 14, 2018, 04:58:03 AM
Last edit: August 14, 2018, 05:08:13 AM by HairyMaclairy Merited by bones261 (2), vroom (1), nikauforest (1) |
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It is bad because anyone with half a brain now knows that Bitmain holds one million Bcash lol that it cannot sell. This is a massive stock overhang. https://moneyweek.com/glossary/stock-overhang/In other news:  |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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JayJuanGee
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Activity: 3710
Merit: 10220
Self-Custody is a right. Say no to"Non-custodial"
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August 14, 2018, 05:10:47 AM |
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Well, we haven't seed hide nor hair of jbreher or PeterR or any of the other bcash pumpers in recent days to attempt to defend bcash shenanigans (which are seeming to rest heavily on bitmain's books) or even to bash on bitcoin, though bitcoin is also seeming to suffer some price correction because of the ongoing downwards pressures on several alts leading this bottom of the range btc buy support madness. |
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goldkingcoiner
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Activity: 2044
Merit: 1704
Verified Bitcoin Hodler
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August 14, 2018, 06:20:43 AM |
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Mr.Bones I want off the ride....
If Bitcoin goes to 1k it will never recover. People are not buying. This is not good.
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BTCMILLIONAIRE
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August 14, 2018, 06:23:11 AM |
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Mr.Bones I want off the ride....
If Bitcoin goes to 1k it will never recover. People are not buying. This is not good.
If Bitcoin goes to 1k I'll be loading up on Casascius coins. |
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DaRude
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Activity: 2787
Merit: 1815
In order to dump coins one must have coins
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August 14, 2018, 06:26:11 AM |
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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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El duderino_
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Activity: 2506
Merit: 12057
BTC + Crossfit, living life.
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August 14, 2018, 06:36:50 AM |
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Mmmm the morning Shock  |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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August 14, 2018, 06:38:27 AM |
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babanana
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Activity: 120
Merit: 10
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August 14, 2018, 06:44:14 AM |
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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 Its true bcash did not turn the way Bitmain wanted it but I would rather not underestimate the machinery of Bitmain. They have asic miners on almost all coins, disclosed and covert. I can only imagine the control they have on the entire crypto space. |
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mindrust
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Activity: 3248
Merit: 2432
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August 14, 2018, 06:45:13 AM |
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Let's all hit the 'buy' button at exactly the same time, k? Short squeeze on 3.
And a 1... and a 2... and THREE! GO!
Let's all set buy orders at our chosen price point between $5,750 and $5,850, and let's all attempt to buy at least .25 BTC (alternatively attempt to buy at least .1BTC). I am able to comply with the buying at least .25 BTC in that price range. If you can buy more, then GREAT, but buy as much as you feel comfortable, even if the amount happens to be less than .1BTC.... I suppose even .01BTC would help, too, if we all "chip in" together.  My orders are set but even if we all "chip in", I don't think we have a chance to control any price action against TPTB. I woulda thought that the surge from Turkey might have an impact on price but even that's not playing out very obviously. ... that is saying that even if each of us could muster up at least .25BTC to chip in to a buy within "the bottom" range, it might not be enough, because maybe we could only muster up 1000BTC or something like that (that's assuming a wall of 4,000 WO fanatics). On the other hand, I think that the more major problem is getting all of the 4,000 to agree to "buy at least .25BTC within the range."... Mr.Bones I want off the ride....
If Bitcoin goes to 1k it will never recover. People are not buying. This is not good.
If Bitcoin goes to 1k I'll be loading up on Casascius coins. Pessimism is rising around here. We are back to February 6 prices. If this doesn't bounce back right now, then yes it will go down to $3k. If you haven't yet already, this might be the right time for you to... PANIC The next 24 hours are incredibly critical. Get ready to witness history. |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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August 14, 2018, 06:50:07 AM |
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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. |
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alevlaslo
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August 14, 2018, 06:51:18 AM |
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$100 000 to the end of 2018  |
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xhomerx10
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Activity: 3836
Merit: 8008
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August 14, 2018, 06:52:49 AM |
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BTCMILLIONAIRE
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August 14, 2018, 07:04:53 AM Merited by BobLawblaw (1) |
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Fuck off. Karma is the finest lady the world has ever seen. Karma is kween. |
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DaRude
Legendary
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Activity: 2787
Merit: 1815
In order to dump coins one must have coins
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August 14, 2018, 07:08:02 AM |
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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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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 14, 2018, 07:21:55 AM |
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I just had a chilling thought...
Have all previous ATHs dropped below their previous ATHs?
Did we go below $32 after $266?
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El duderino_
Legendary
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Activity: 2506
Merit: 12057
BTC + Crossfit, living life.
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August 14, 2018, 07:29:31 AM |
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Pffff 1.30h work out Curious what the market gonna look like after iT  |
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mymenace
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Activity: 1596
Merit: 1061
Smile
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August 14, 2018, 07:37:01 AM |
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I just had a chilling thought...
Have all previous ATHs dropped below their previous ATHs?
Did we go below $32 after $266? My brain hurts, so old that news |
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Rosewater Foundation
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August 14, 2018, 07:42:54 AM |
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Geeze. Everybody seems real down about this. Maybe a shitty book will help?
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 14, 2018, 07:48:39 AM |
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Geeze. Everybody seems real down about this. Maybe a shitty book will help?
Yes...perhaps I should start reading some Karl Marx and turn commie. That's the philosophy to adopt when you're broke. |
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