VB1001
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Merit: 2540
<<CypherPunkCat>>
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Torque
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Activity: 3556
Merit: 5041
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March 16, 2020, 03:13:12 PM |
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Guys, check out silver price. It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium.
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LFC_Bitcoin
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Activity: 3528
Merit: 9543
#1 VIP Crypto Casino
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March 16, 2020, 03:17:22 PM |
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Guys, check out silver price. It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium. Would honestly love to own physical gold & silver, purely for the ‘being in awe’ , magpie, shiny, shiny type hypnosis of it but not at the expense of buying corn.
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_javi_
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March 16, 2020, 03:19:29 PM |
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All technical analysis is out the window in a "black swan" event like this. The bears were and still are wrong. They just got lucky there was a global event that helped them out.
Bitcoin crashed because the wall street types dumped it to cover margin calls on their other crap. They are dumping everything to prop up their leveraged garbage. Bitcoin held up pretty well given the payouts it had to make.
There is still ongoing daily demand for bitcoin and the daily supply is still getting cut in half very shortly. Everyone who dumped will still have to buy back in once they get their shit together. Don't give it back to them so easily!
+100 of whatever merits you want
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Torque
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Activity: 3556
Merit: 5041
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March 16, 2020, 03:19:42 PM |
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Bitcoin crashed because the wall street types dumped it to cover margin calls on their other crap. They are dumping everything to prop up their leveraged garbage. Bitcoin held up pretty well given the payouts it had to make.
Actually Bitcoiners should be thanking their stars that this isn't Nov/Dec 2017, and WS traders aren't invested/trading in this market as much as back then. Or this drop would be WAAAYY worse than it has been (think like a 98% retrace from $19K)
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Torque
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Activity: 3556
Merit: 5041
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March 16, 2020, 03:22:00 PM |
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Guys, check out silver price. It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium. Would honestly love to own physical gold & silver, purely for the ‘being in awe’ , magpie, shiny, shiny type hypnosis of it but not at the expense of buying corn. It's cool to own some as a hedge, but I have way more invested in Bitcoin because I believe BTC will continue to outperform PM's as a store of value.
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nullius
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March 16, 2020, 03:24:01 PM |
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A PSA that should probably not be buried in WO: Stop measuring value in dollars!Those of you who do TA and dataporn, do you have any good intelligence on the value of the dollar, in purchase-power terms? I don’t mean today; I mean tomorrow; I don’t mean the next day, either. Every sane person has known for a very long time that the dollar must collapse someday; but trying to predict when is like trying to predict the fall of the Roman Empire when you are living in it at some undermined point between c. A.D. 300–400... or is it later than I think? Flip the axes on your BTC-USD trading charts, re-run your algorithms with the variables swapped, and see what that tells you—to start with. What is the dollar’s trend against Bitcoin? As a rule of thumb, I measure fiat currency value by how many $/€/etc. an ounce of gold will purchase. Not vice versa. Flip your thinking, because your thinking is upside-down. I also try to track the fiat/BTC price: What is the value of government-issued official trading stamps, as measured in Bitcoin today? However, that only works to avoid being a sheep getting sheared in the markets due to mismeasures of value, plus for long-term predictions, e.g.: The dollar loses value. Whoopie, I’m a genius. Ok. Bitcoin is going "down" because dollars are disappearing. The little bits of paper are starting to vanish like toilet paper because institutions (banks and the like) are hoarding them to be able to pay taxes and probably bonuses to their leaders.
So right now dollars are like toilet paper and everyone is worried that they won't have a clean bum. Thus they are more "valuable" than bitcoins. Now the main difference between dollars and toilet paper and bitcoins is that you can print an infinite number of dollars at a whim. You can only make so much toilet paper, and you sure can't make more than 12.5 bitcoins per 10 minutes.
When the super flood of dollars hits, people will be flush again and bitcoin will go back to about where it has been (IMO). Note I don't think it will skyrocket because the dollars being printed are just filling a pothole that has been growing all along and people have been blissfully ignoring it.
The people ultimately screwed are people on pensions, people on fixed income, and people who panic. Damn, well said. Note that all of the above assumes the continued existence of the Internet—and all the Internet’s massive dependency chain of fragile infrastructure. If that assumption holds true, then I rate Bitcoin a strong buy without even trying to time the bottom. If not, then moving your assets to toilet paper is not exactly helpful. The creation of money out of thin air is a tool for shearing sheep by draining value from their possession. Note that all of the above assumes a sane person is in charge of all this. Such is not the case. There is no single person in charge. This is the problem with “conspiracy theorists” (not calling you that—it’s just a good segue for an important point). Everybody who knows how the world actually works, knows that it is run by the sum of vectors of competing interests. Of course, people with the same interests will collude much as they can, and try to avoid announcing their plans to their competitors. In that sense, the world is run by “conspiracies”, and always has been; but that is just Real Life 101. In all significantly powerful countries, the ruling classes have been in headless-chicken mode for a very long time—ever since they converted themselves from aristocracies to industrial capitalist plutocracies. They painted themselves into a corner: They are dependent on the dollar scam, the Euro scam, the stock market scam, etc., etc. They are not only using it to trap you: They are trapped, too, and trapped worst of all. “Too big to fail.” Building dynasties on the foundation of what is effectually the biggest Ponzi scheme in recorded history was not exactly wise. Thus indeed, no sane person is in charge. No single person or monolithic organization is in charge; and the various competing groups in power are all totally insane. We are now enjoying the sum of competing vectors of insanity. Lulz.
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BHSMC
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March 16, 2020, 03:42:04 PM |
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Guys,
Excuse my ignorance on this matter but is there a website that I can deposit fiat via wire transfer and can purchase some tether from the U.S?
It seems like I can only do BTC to Tether but any way I can get fiat to USDT?
Thanks a lot.
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Ibian
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Activity: 2268
Merit: 1278
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March 16, 2020, 03:47:21 PM |
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Guys,
Excuse my ignorance on this matter but is there a website that I can deposit fiat via wire transfer and can purchase some tether from the U.S?
It seems like I can only do BTC to Tether but any way I can get fiat to USDT?
Thanks a lot.
So you know where you can buy what you want and how. What is the question?
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BHSMC
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March 16, 2020, 03:56:50 PM |
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Actually, I don't know where I can buy tether with Fiat where I can deposit via wire transfer in the U.S?
Seems like Gemini, coinbase don't support tether. Is there any other option?
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LFC_Bitcoin
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Activity: 3528
Merit: 9543
#1 VIP Crypto Casino
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March 16, 2020, 03:58:54 PM |
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Actually, I don't know where I can buy tether with Fiat where I can deposit via wire transfer in the U.S?
Seems like Gemini, coinbase don't support tether. Is there any other option?
Buy bitcoin, send bitcoin to Bittrex & convert to Tether.
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Raja_MBZ
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Activity: 1862
Merit: 1505
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March 16, 2020, 04:00:43 PM |
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It really feels like we're going to see a Bart back up again till $7000+.
Double bottom
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lightfoot
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Activity: 3108
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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March 16, 2020, 04:01:36 PM |
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All technical analysis is out the window in a "black swan" event like this. The bears were and still are wrong. They just got lucky there was a global event that helped them out.
Bitcoin crashed because the wall street types dumped it to cover margin calls on their other crap. They are dumping everything to prop up their leveraged garbage. Bitcoin held up pretty well given the payouts it had to make.
There is still ongoing daily demand for bitcoin and the daily supply is still getting cut in half very shortly. Everyone who dumped will still have to buy back in once they get their shit together. Don't give it back to them so easily!
This is not a black swan: We've known for years that pandemics were a possibility and headed off at least two (three if you count the nightmare of H5N1) in the past. Too bad we dismantled the structure to detect this, but that was public knowledge and should have been priced into every risk analysis going forward.
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nullius
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Guys, check out silver price. ::)
It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium. Would honestly love to own physical gold & silver, purely for the ‘being in awe’ , magpie, shiny, shiny type hypnosis of it but not at the expense of buying corn. Hmmm... The substantial effect of the gold ban is still in full force. The government simply no longer needs to maintain a legal ban, when individual ownership of gold is restricted to only relatively few wealthy investors (most of whom never take delivery—thus leaving possession, “nine-tenths of the law”, in control of banks), plus economically negligible amounts in the hands of socioeconomically and politically marginal goldbugs and “preppers”. Seriously. The system does not care if you and a few others have a few coins of an ounce or less. Read what I said two paragraphs after that, if you want any chance of surviving a real SHTF scenario. Gold (etc.) is the only form of money that survives the deaths of civilizations. But it has been under total control in America since the 1930s, and worldwide since not later than the Nixon Shock and global conversion to completely arbitrary fiat currencies. Any WO-style investment decisions assume as a premise the continued existence of civilization. For other assumptions, you needed to start preparing long ago. But if that assumption is correct, then don’t shoot yourself in the foot financially here. Do the opposite of what panicking people are doing. For example, I have my own take on this excellent photo of panic personified:Mass Suicide! Also, for example, if panickers are dumping Bitcoin, then now is a good time to accumulate it. If I had any fiat to invest, I would be buying more Bitcoin, and also be looking at futures in commodities, plus some stocks for companies that are least likely to cease to exist. Well, take that for what it’s worth: I have no skin in the game with fiat currencies. ;-) If I had been trading in London at the time of the Battle of Waterloo, I would have ridden on Rothschild’s coattails, too. Even without any special intelligence as he had. Just based on my principle that men with cool heads place carefully measured bets against panic. Always bet against panic! All of this is high-risk; but do not expect safety in a time of mass chaos (or ever!). It is a good time to get rich, if you can pull it off—and if you can’t, for the nth time, government-issued scrip is not a safe place to park your assets right now.
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El duderino_
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Merit: 12035
BTC + Crossfit, living life.
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March 16, 2020, 04:16:01 PM |
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It really feels like we're going to see a Bart back up again till $7000+.
Double bottom Could easily live with that outcome
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nutildah
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March 16, 2020, 04:17:05 PM |
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JSRAW
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March 16, 2020, 04:21:34 PM |
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Good read though
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Biodom
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March 16, 2020, 04:31:19 PM |
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Most bet that Bitcoin will continue to fall, but the market always shows the opposite of what the masses think, in every crisis there is a very good opportunity that very few see, and in Bitcoin there is now a great investment opportunity. A really cool fractal
I added some context to it, comparing the virus with the 2008 crash
Gann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY
Kudo's to @CryptoCapo_ and @kenzboard who showed me the fractal Twitter: https://twitter.com/BTC_JackSparrow/status/1239133425790930950 And “Crypto Trader Digest” newsletter: “As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year end. Each central bank will cut rates to zero and announce open ended quantitative easing.” Source: https://www.newsbtc.com/2020/03/16/scarily-accurate-fractal-bitcoin-will-trade-20000-q1-2021/Actually, I really like this analogy (fractal). The only question is where the pent-up demand would overcome the resistance of the current downtrend. It very well may be that 3850 is the answer, but it could be also a band between 3100-3800. For fractal to work we should not dip below 3122 on a 'closing' basis.
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