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Showing 20 of 566 results by Kipsy89
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
bitfinex order book is looking really bad.
3 k till 230.
if we go under 210 sell everything.
3 k till 230.
if we go under 210 sell everything.
Yet it refuses to go any lower! I know you're probably extremely short right now, possible on margin, but I hope you've set your stops accordingly...
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Group buy of BE300 chips anyone?
Back in the days of Avalon chips there were group buys that accumulated that kind of money. I think there could be people interested in buying raw chips in order to turn them into miners. That being said, $10M is a lot of money, man.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I've always been amazed by your ability to always make money by always selling bitcoins and never buying any (to close your shorts).
Ha, well he's more of a troll and is completely against Bitcoin or unregulated assets in general. The high rate of failures and scams (which are bad, but natural given the unregulated nature of BTC) foster his cognitive dissonance what this is concerned even further ^^Yeah I believe they can be split up into two kinds of people: Those who only denounce Bitcoin and get something out of simply doing that, and those who try to influence the price, go short, and also reassure themselves that they did the right thing shorting.
In fact, they want to get their so-called "emotions" satisfied by either thinking that they are doing it right or by asking people to do it the wrong way.
Ha, yeah that's how it is. Emotions... That's basically effectively what it is. But let's not forget that we do an incredible amount of things just due to our emotions! We trade BTC because we want to gain wealth... Emotions.
I hope we'll be back at $290 by this time next Sunday. It would be so great to see the price recover from such a medium crash. It would show a lot of resilience and continued trust in the uptrend.
It is not a crash to start with. Any crash, at least in terms of definition that is used in stock markets, means at least 20% correction. That is back to sub $230 levels. Have we seen that? No. That news about the site used for laundering drug dealing money is not to make much harm now. First, it is not the first news of that kind. Second, we are currently reversing the down trend and some late bears want to effortlessly keep the price down. therefore you see such news now.Yeah that's why I said 'medium' crash.. Thing is... a lot of people are unnerved now and fear that it's going down even further, that's why this incident (let's call it that way) may be dangerous for the price to continue going up.
Re: Let's vote for a new universal logo for all cryptocurrencies
Which logo do you consider most effective as a universal logo for all cryptocurrencies?
Yeah I also gotta say that this may not be the best idea. The various alt coins are incompatible and this may just create even more confusion for people not experiences with Bitcoin. We only need Bitcoin, in my opinion. The rest is just a lab for new features.
Bitcoin thefts are this high because it is so dead easy to steal Bitcoins. You can literally exploit security breaches or holes in the software to steal the coins. Also you can fool people into sending you their coins -> in an irreversible manner, which makes things even worse!
Is Regulation The End For Bitcoin?
http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396
Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?
I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?
In the article, it reads the advantages of regulation.
Can you give out negative effects if Bitcoin is regulated?
http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396
Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?
I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?
In the article, it reads the advantages of regulation.
Can you give out negative effects if Bitcoin is regulated?
I think regulation is a very good thing for Bitcoin and is much needed for it to gain more momentum and traction. People are unwilling to invest in something that may be illegal or is too shady. We need regulation!!!
Hello,
Alright , once I did about 0.8 BTC but ended up using them all . which I decided to not do anymore (let me know if it's the wise thing to do right now or not ) .
Now I have about 1.2 BTC which are full profit (Signature compaigns , Digital goods selling ,etc ...) because I never buy Bitcoin and only earn them . (two months btw) , Still not sure what I should do with them , should I keep holding them since the price seems like rising lately and keep making more Bitcoins ? Note I'am 18 years old and I have nothing to lose if I hold them , I don't pay any bills , food or anything .
Simply drop your suggestions below and no trolling please . Open discussion
~ Madness
Alright , once I did about 0.8 BTC but ended up using them all . which I decided to not do anymore (let me know if it's the wise thing to do right now or not ) .
Now I have about 1.2 BTC which are full profit (Signature compaigns , Digital goods selling ,etc ...) because I never buy Bitcoin and only earn them . (two months btw) , Still not sure what I should do with them , should I keep holding them since the price seems like rising lately and keep making more Bitcoins ? Note I'am 18 years old and I have nothing to lose if I hold them , I don't pay any bills , food or anything .
Simply drop your suggestions below and no trolling please . Open discussion
~ Madness
I can speak out of experience when I say: Just go and put them safely in cold storage! You don't want to try to mess around with them. You'll most likely only end up losing them to some scam or they get stolen from a platform.
Panic crash, maybe induced by news of that dark marketplace going down, or maybe by the thieves selling off their stash - no one knows. I believe we'll go up steadily from here. At least I hope so.
^Yeah. Bitcoin 
Yeah, Bitcoin is also going down, man... Darn... I really wonder whether I made the right call to invest in this. Being down 90% does suck big time...
So, there's about 23K addresses with > 50 BTC. You're in rare company.
And multiples of those addresses will belong to one person. Satoshi's blocks of 50 all went to separate addresses. I guess the same'll go for most early miners.
Buy we have no idea how many people hold those 23k addresses do we?
And we never will. Lots will be companies so that reduces the individual holder list even more.
And if the 1 million bitcoins that Satoshi has is accurate, that is 20,000 addresses with 50 bitcoins right there. ;-)
The old question remains whether Satoshi is still active and actually holds the keys to those addresses. It must suck for him to know that he can't touch them a single time because the market would go berserk immediately. On the other hand, I believe he holds coins that we simply can't trace back to *him*
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I've always been amazed by your ability to always make money by always selling bitcoins and never buying any (to close your shorts).
Ha, well he's more of a troll and is completely against Bitcoin or unregulated assets in general. The high rate of failures and scams (which are bad, but natural given the unregulated nature of BTC) foster his cognitive dissonance what this is concerned even further ^^Yeah I believe they can be split up into two kinds of people: Those who only denounce Bitcoin and get something out of simply doing that, and those who try to influence the price, go short, and also reassure themselves that they did the right thing shorting.
So $15 is now considered a CRASH in Bitcoin world?!! 
What do we call the Goxxing in February 2014 when we touched $100 coin then? The Bit-pocalypse!
What do we call the Goxxing in February 2014 when we touched $100 coin then? The Bit-pocalypse!
Huh? In February we didn't really touch a $100 coin, man. The price only broke that low for a second on BTC-e or Finex due to a cascade, I guess... And on Gox because they were, well, running a fractional reserve and sold coins that didn't exist. But not the regular price on exchanges!
From my perspective, if you're gonna collect monthly fees and host companies on your trusted platform, in order to maintain that trust in situations like this is to have insurance incorporated into the business payment model. Either that, or do a more thorough background checking format that ensures you don't have epic scam artists putting their bellies up to your bar.
1. I'm pretty sure that if I buy shares of AAPL on E-Trade, they're not insured if the ghost of Steve Jobs takes his turtleneck and $178Billion and skips town with it, or they do something really stupid like start selling $17k gold digital watches. I'm the one who bought Apple shares, it's my problem if they go belly up.
2. I've never tried, but I'm going to guess it will be a tough sell explaining to your insurance agent that your Panamanian shell company that specializes in exchanging unregistered securities outside the jurisdiction of any major exchange regulator wants to insure the full value of the shares traded on your platform, in the case that those Chinese registered companies, controlled by a mastermind known only by an internet forum name, decide to abscond with the anonymous virtual currency you paid them in. I could be wrong though, it might just be a checkbox on the application form.
3. If ASICMiner had failed the background check that one of these exchanges would be able to provide, there would be literally 0 Bitcoin "stock exchanges" left. ASICMiner might have screwed over everyone, but they did produce the first Bitcoin ASICs and made a crapload of money before being listed on exchanges. Compared to a most of the crap mining bonds or obvious scams like NeoBee or ActiveMining, they were a gold standard. Then again, all of these illegal stock exchanges going belly up wouldn't necessarily be a bad thing.
Well, if anything, the whole thing is a highly interesting experiment and we - as a society - may learn from the mistakes and can build on what remains and proves to be successful.
Consider that for every coin gleaned from a gambling site, someone else lost at least one coin to that gambling site. So sure, play and walk away a winner but remember some poor chump is walking away a loser. That's the nature of gambling. It's the same with mining altcoins; the only winners are the guys that leave in time to walk away with whatever was put in by everyone else.
The only business I've ever invested in, that wasn't just purchasing hardware, is my own. It's not that I don't trust anyone else to not screw me over, it's just I don't like investing because I'd much rather work for a living than sit back and watch someone else pay me to let them work. It's partially for that reason that we don't take in any investment money from anyone else - our only revenue stream is the direct sale of goods (either manufactured or value-added, we will not profit from middlemanning) and services. Another good reason being, when someone owns a share of my work, someone has paid me for the right to influence decisions even if he's not actually doing any work himself and that's both stupid and a recipe for someone getting screwed. Mining bitcoins directly, and selling goods and services within the bitcoin economy, has been my full-time income for a little over a year now.
I take offense to the consideration that there are zero honest businesses in the bitcoin economy. It's close to zero, but not zero yet.
The only business I've ever invested in, that wasn't just purchasing hardware, is my own. It's not that I don't trust anyone else to not screw me over, it's just I don't like investing because I'd much rather work for a living than sit back and watch someone else pay me to let them work. It's partially for that reason that we don't take in any investment money from anyone else - our only revenue stream is the direct sale of goods (either manufactured or value-added, we will not profit from middlemanning) and services. Another good reason being, when someone owns a share of my work, someone has paid me for the right to influence decisions even if he's not actually doing any work himself and that's both stupid and a recipe for someone getting screwed. Mining bitcoins directly, and selling goods and services within the bitcoin economy, has been my full-time income for a little over a year now.
I take offense to the consideration that there are zero honest businesses in the bitcoin economy. It's close to zero, but not zero yet.
That's almost the definition of a Ponzi, except that this is mathematically founded. I think it's highly interesting, it effectively is a high-pressure cooker in which the last remaining decency of humanity will prevail and we can built on top of that in the future.
...Also people were claiming that Havelock loses a lot of money and may become insolvent.
Claiming? Go here: https://www.havelockinvestments.com/reports.php
scroll down to here:
Click on Havelock's own reports, read.
Presto, claims confirmed.
Now I'm not saying that Havelock is being honest with its financials, but if he's lying to his investors, ain't that even worse?
Well yeah, I know those reports. But what if the whole operation is backed with a stash of, say, 5000 BTC they got when they were $2 each. They could be in for the very long run and build up a brand for when there are legit stocks ('again').
I envy your fantasy life. Just hope your trippy visions weren't chemically enhanced by Evo product. 'Cos just like AM/AMH, it gone
What, really? Man, everything seems to be going down these days... Do you think there might be a connection between them an AM going down?
I believe we'll peak at about $3'500 now. I know it sounds almost unrealistic at this point, but hey, it's just what I believe is going to happen, man. Please don't take this as trading advice.
Those aren't hft bots. It's just the mere fact that we were approaching critically low levels and people were starting to get anxious and expecting that we've hit the bottom. That caused many people who waited for this to happen, to start trading again.
How many do you think are eligible for the club today? I would think it is far less than 5000 individuals, maybe closer to 500.. 
Let's revisit this during times of despair in the markets. 
So... more or less than 500 now? I would guess less. The distribution function continues as volatility rolls on.
300 to 500 is my guess.
There's 712 addresses with 2000 or more bitcoin currently. 549 of these have 2100 or more.
The majority of bitcoin users aren't storing all their coins on one address, but it's also safe to say that many of these addresses are owned by single individuals (Draper, Winkelvoss twins etc).
My random guess is about 400 different groups/individuals. As bitcoin begins to move towards $1000 again, there is going to be a massive psychological barrier for members of this club that have held that amount during prior bubbles. I think in the short term this group will grow smaller before it expands as members sell their coins off to large groups of individuals investing in bitcoin for the first time.
With every bubble people may be very willing to liquidate at least some amount of those coins in order to be 'safe' not to have lost the opportunity to at least keep some of that wealth.