lightfoot
Legendary
 Offline
Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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September 11, 2018, 07:11:05 PM |
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Great article on cnn money today about a guy who lost it all "on bitcoin". Turns out he bought in November, got the nice big run up, then started huffing Ether and Bitcoin Cash and now has lost 95% of "his investment"
Boo fucking hoo dude. Shouldn't have gone into those shitcoins.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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lightfoot
Legendary
Offline
Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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September 11, 2018, 07:13:38 PM |
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And I say the above watching my litecoin holdings (from repairs) going into the cum dumpster..... Fortunately I moved some into bitcoin, the rest shall burn......
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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September 11, 2018, 07:16:33 PM |
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ETH is still leading the loss-pack. The pain is increasing.
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aaroque2003
Jr. Member
Offline
Activity: 188
Merit: 7
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September 11, 2018, 07:19:08 PM |
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ETH is still leading the loss-pack. The pain is increasing.
Indeed... feels weird tho... Let's c next week where we are at... Really Really interesting week ahead of us...  |
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Yaplatu
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September 11, 2018, 07:20:46 PM |
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I am watching a tutorial to make a rope knot ...  |
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aaroque2003
Jr. Member
Offline
Activity: 188
Merit: 7
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September 11, 2018, 07:24:38 PM |
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becoin
Legendary
Offline
Activity: 3431
Merit: 1233
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September 11, 2018, 07:31:43 PM |
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I am watching a tutorial to make a rope knot ... Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins! |
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gembitz
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September 11, 2018, 07:34:01 PM |
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I am watching a tutorial to make a rope knot ... Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins! craig wright cash looks hella legit  lmfao |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10150
Self-Custody is a right. Say no to"Non-custodial"
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September 11, 2018, 07:36:06 PM |
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ETH is still leading the loss-pack. The pain is increasing.
Indeed... feels weird tho... Let's c next week where we are at... Really Really interesting week ahead of us... Yes.. let's see next week, but we are also seeing what is happening this week, and it is an ongoing dump in process that could end up in a kind of dramatic capitulation that brings the product to 2 digits (not sure if it will stay there, though?). Originally, about 4 years ago, I had thought ETH had a value in the less than $10 range, sustainably. Of course, I was proven wrong, and the building of a large number of ICOs and various shit products upon ETH has shown that it has some value - including the value to raise capital from individual investors (if you can label 14 year old snot noses as "investors?). |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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September 11, 2018, 07:41:02 PM |
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Bob
If you want a new hobby come short ETH on light leverage with tight stops. It’s very satisfying and healthier than drinking all day.
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El duderino_
Legendary
Offline
Activity: 2492
Merit: 11998
BTC + Crossfit, living life.
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September 11, 2018, 07:42:18 PM |
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I am watching a tutorial to make a rope knot ... Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins! i think not really much BTC hodlers actually SOLD BTC for BCH ..... maybe hodl the free shit i'm happy unloaded ALL of that shit for BTC  |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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September 11, 2018, 07:46:09 PM |
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I think the point is that in respect of ETH, traders/holders really have a reason to sell: ICO's are dead. The main selling point of ETH: gone. No Future (although it won't go to $0.00) Should ICO's become a thing again, higher powered chains may take over (EOS, Telos, Tron, whatever). For now, alts that have their main trading pair in ETH have suffered immensely as well. But I can see alts decoupling from ETH (i.e., ETH going deeper down while ERC20 tokens stabilise in USD price; the world turned upside down  ). The narrative of Bitcoin still stands: Digital Gold (I am still doubting whether LN is viable to support the 'payment system' narrative). But there is a danger that the outflow out of ETH and other alts into Bitcoin may dry up. When we reach that point, will there be enough 'native' demand for Bitcoin to avoid a true bear market (like, going convincingly below 200 MA on the daily, just like the other bear markets)? The times they are a-changin' |
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cAPSLOCK
Legendary
Offline
Activity: 3738
Merit: 5127
Whimsical Pants
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September 11, 2018, 07:47:08 PM |
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So a whale removes or sells all ?
I suppose that they didn't have enough BTC on the hot wallet to fulfill all current withdrawal requests and just added new funds to ensure withdrawal of funds Yes, that's not good news Why not? I think it's very good news. The more delivery taken the less for sale. Those are going into cold wallets most likely. It would be a horrible way to arbitrage. |
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Raja_MBZ
Legendary
Offline
Activity: 1862
Merit: 1505
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September 11, 2018, 07:49:49 PM |
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(6th) February:
Bitcoin: $106 Billion
Altcoins: $214 Billion
Today:
Bitcoin: $108 Billion (+1.75%)
Altcoins: $87 Billion (-60%)
Such an important post. QUOTED FOR TRUTH. Update: (6th) February: Bitcoin: $106 Billion Altcoins: $214 Billion Today: Bitcoin: $108 Billion (+1.75%) Altcoins: $81 Billion (-63.5%) |
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aaroque2003
Jr. Member
Offline
Activity: 188
Merit: 7
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September 11, 2018, 07:50:45 PM |
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ETH is still leading the loss-pack. The pain is increasing.
Indeed... feels weird tho... Let's c next week where we are at... Really Really interesting week ahead of us... Yes.. let's see next week, but we are also seeing what is happening this week, and it is an ongoing dump in process that could end up in a kind of dramatic capitulation that brings the product to 2 digits (not sure if it will stay there, though?). Originally, about 4 years ago, I had thought ETH had a value in the less than $10 range, sustainably. Of course, I was proven wrong, and the building of a large number of ICOs and various shit products upon ETH has shown that it has some value - including the value to raise capital from individual investors (if you can label 14 year old snot noses as "investors?). I would love to c the 3-4k levels... will be like a HUGE BTFD Last time opportunity..... BTC + LN + Schnorr <<<<<----- BOOM..!!!!!!!!!!!! |
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El duderino_
Legendary
Offline
Activity: 2492
Merit: 11998
BTC + Crossfit, living life.
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September 11, 2018, 07:56:42 PM |
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ETH is still leading the loss-pack. The pain is increasing.
yeah don't wanna share that pain .... eth is one of the smallest of my alt amounts BUT the other are doing BAD as well |
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El duderino_
Legendary
Offline
Activity: 2492
Merit: 11998
BTC + Crossfit, living life.
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September 11, 2018, 08:04:49 PM |
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me sitting home watching football HAZARD scored first goal a moment of joy , looked to the CAP again same mood as the rest of the day  then a continously whatsapp moment in my phone of my GF and her sister sending pictures of a perfect time of joy and everything of there stay@ dubai  should i even answer @this times? or what do i have to do |
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elrippos friend
Full Member
Offline
Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 11, 2018, 08:05:07 PM |
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becoin
Legendary
Offline
Activity: 3431
Merit: 1233
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September 11, 2018, 08:12:22 PM |
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When we reach that point, will there be enough 'native' demand for Bitcoin to avoid a true bear market (like, going convincingly below 200 MA on the daily, just like the other bear markets)?
People that believe in TA are stupid. They deserve their fate of being milked and slaughtered. |
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