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Re: Those that dream of $1200/bitcoin can thank this man.
I think we must forget about price back to 1200 it's time for wake up from your dream. Bitcoin is never again reach to $1200
additional note: when you see one price on exchange A at $300 and on exchange B at $270 ... of course you would want to buy the bitcoins at EXCHANGE B for $270 and sell it higher at EXCHANGE A for $300 so that's how prices are influenced at different exchanges ...
I never see range price too deep like that, the best range is $5-$7 at different exchanges
additional note: when you see one price on exchange A at $300 and on exchange B at $270 ... of course you would want to buy the bitcoins at EXCHANGE B for $270 and sell it higher at EXCHANGE A for $300 so that's how prices are influenced at different exchanges ...
I never see range price too deep like that, the best range is $5-$7 at different exchanges
Really?? ..
recently Chinese bitcoin exchanges were like 30--60$ usd higher than the USD exchanges ... pretty crazy case of arbitrage there =] (cny exchanges were $350 usd and ... usd exchanges were $290-$300 per bitcoin)
Re: Those that dream of $1200/bitcoin can thank this man.
a bot that was a small percentage of MtGox's volume, could really single-handedly incite an entire bubble when there were at least 2 or 3 other similarly sized exchanges?
There were and still are MULTIPLE bots on the exchanges til this day...
on bitstamp/bitfinex you'll see 50 btc blocks of bid orders being added and removed every few seconds blinking in and out of price ranges ...
sidenote: review the links about mtgox trade forensic analysis of it ...
Also at the time bitstamp and btce were playing "catch up" to mtgox's higher pricing ... which is why they had a higher percentage of the "market volume" because of manipulation and pooling of users ...
additional note: when you see one price on exchange A at $300 and on exchange B at $270 ... of course you would want to buy the bitcoins at EXCHANGE B for $270 and sell it higher at EXCHANGE A for $300 so that's how prices are influenced at different exchanges ...
Additional side note: It's called an arbitrage equilibrium... where when supply on one route is listed at a lesser price and the demand on another route has a higher listed price meaning those prices have to meet at some point "catching up" to the appropriate levels...
ALSO to roadbits since you had asked the question of "how it could really single-handedly... incite a bubble at '2-3' other similarly sized exchanges" ... well now you know and since you failed to understand that prior you must be one of those that are unacknowledged of actual financial assets =/
please take that time to actually learn about the validity of an asset etc..
Re: Those that dream of $1200/bitcoin can thank this man.
I think you misunderstood the meaning of my words , .... and there were days during the pump and manipulation where MTGOX's market volume was above 70% and take the time to look at historical data of exchange volumes....
Re: Those that dream of $1200/bitcoin can thank this man.
https://i.imgur.com/Yw81i.png
The historical data for mtgox has been archived somewhere but here is a chart of the volume data ...
and the 70-80% market share was active during the death spiral of MTGox itself ... after "withdrawls" were being held was when they saw the most drastic changes in their daily volume and epople started switching over immediately... but some didn't as other exchanges had lower volume , liquidity , and prices...
Additional source on the manipulation http://bitcoin.stamen.com/
The historical data for mtgox has been archived somewhere but here is a chart of the volume data ...
and the 70-80% market share was active during the death spiral of MTGox itself ... after "withdrawls" were being held was when they saw the most drastic changes in their daily volume and epople started switching over immediately... but some didn't as other exchanges had lower volume , liquidity , and prices...
Additional source on the manipulation http://bitcoin.stamen.com/
Re: Those that dream of $1200/bitcoin can thank this man.
There are a ton of speculative theories on Willy's purpose, but it's basically impossible to know ,even if there was a bot, it's highly unlikely that it was solely responsible for the rise in price.
To Foxbitcoin Sigh.... its the mass's and mass's of people like you that are uneducated and unwilling to do the research that makes the understanding of bitcoin really difficult ...
Like the blind leading the blind (uneducated leading the uneducated) ... leads to more misunderstandings..
.... here are a few articles on the topic of WILLY BOT and other manipulation trades ....
https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/
http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/
Sidenote: take the time to actually learn more about the reason why bitcoin reached 1200$/btc in the first place and the realization that bitcoin is a contract(commodity) / non tangible asset account which is used to transact between the exchange of a good and currency not currency itself ... look through my past posts to read more into it...
Addition: to Cconvert2G36 , in some part yes it did bring in the "lemmings" that decide to jump off the cliff with the crowd fueled "hype" towards $1200 ... but it was mostly due in part to WILLY BOT and other manipulation
since there was approximately addition of thousands of "investors" that poured in their money into bitcoin.
Addition: to gentlemand You are correct Mtgox WAS THE BIGGEST player... by a FAR FAR FAR MARGIN ... at the time they had a market grasp of atleast 70-80% at the time of the markets volume of trades if not even more at the hype due to "willy bot and manipulated trades"
Re: Those that dream of $1200/bitcoin can thank this man.
Mickeyb, did you just read the first post and decide to yourself that... that post was the best to fit your brain's directive thinking and should be the basis for your response??
and then to comment with something that doesn't make any sense to his post of "1 million doesnt equate to 10-1200 2013"
I did clarify on the basics of Mark Karpeles changing the accounting in the system to generate additional PHANTOM assets by adding a few 0's to the end of an account and in doing so he created $1,000,000+ in extra phantom assets... also including the fact of WILLY BOT...
and then to comment with something that doesn't make any sense to his post of "1 million doesnt equate to 10-1200 2013"
I did clarify on the basics of Mark Karpeles changing the accounting in the system to generate additional PHANTOM assets by adding a few 0's to the end of an account and in doing so he created $1,000,000+ in extra phantom assets... also including the fact of WILLY BOT...
Re: Those that dream of $1200/bitcoin can thank this man.
To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.
Do you want to know the truth??? ... the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...
they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....
Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2
Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...
that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.
I don't think you understood what it means to "create $1 million" ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
5% of bitcoins lost every year?
Where did you get the number from?
Seriously... Do you not do any research at all Brewins?
take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ...
here are some articles for you:
http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html
https://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoins
Side note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are...
no you can't simply trust random source and say they are right, at present there is no good way to determinate how many coins are lost each year and surely not in such a precisely way, like you said 5%...
there is only a roughly estimate about that numbers, which is probably wrong by a long shot, and anyway the lost coins will not affect the market so much, as many think, a 50% loss will equated a 100% more price nothing more
so 30% loss is equal to a less than +50% in price
http://i.imgur.com/PZljCvE.png
^^^^^^^Addition: Knowing how lazy many of you are to read the article here is one of the many charts.
AMPH, You litterally didn't even read through the ARTICLE ....
How I can tell ...
because if you did then you can tell that by using statistics and date/data analysis of wallets and "inactive vs active accounts" using a regression charts back to 2010 and before then ... and from there you can extrapolate from that data... if you had any brains to understand metrics and data you would be able to understand the concept. But I can tell that from your past post that you are full bullish for bitcoin and have this cover of wool over your eyes to shield it from anything that you don't want to accept... but it all basically comes down to the numbers ... also in the articles the engineer basically points out those facts for you and accounting for cold storage and coin washing ... etc
TO MIRACAL What will be the incentive for miners within the next 5-10 years as the halvings and difficulty gets higher?? and then what happens when the rewards gets to 6btc or even 1 btc or less?? who would be paying those cost for the miners? Also I am sure you have heard of the quote "The future of money is not bitcoin and the future of bitcoin is not money" and bitcoin is not money in fact(look up my previous post I have several covering that topic) ... also the infrastructure for bitcoin , even though its "decentralized" runs into exchanges and miner guilds in order to keep it running what happens when ONE or even BOTH fails?!?! what then?? And currently only 250,000 active bitcoin users with a wallet of 1.5 bitcoins or more... so purely all that exchange of bitcoin on the exchanges for those prices are ... well you guessed it! manipulated by the short flow of bitcoins in the exchange!
side note: Amph you should really read those articles because you sound ignorant when responding without even reading or having the prior knowledge of the articles when commenting....
Re: Those that dream of $1200/bitcoin can thank this man.
To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.
Do you want to know the truth??? ... the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...
they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....
Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2
Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...
that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.
I don't think you understood what it means to "create $1 million" ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
5% of bitcoins lost every year?
Where did you get the number from?
Seriously... Do you not do any research at all Brewins?
take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ...
here are some articles for you:
http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html
https://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoins
Side note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are...
Re: Those that dream of $1200/bitcoin can thank this man.
To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.
Do you want to know the truth??? ... the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...
they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....
Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2
Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...
that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.
Re: Those that dream of $1200/bitcoin can thank this man.
I don't think you understood what it means to "create $1 million" ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
Those that dream of $1200/bitcoin can thank this man.
Hey there you dreamers / sheep herders / blind leading the blind / rat kings!
Just wanted to leave this article: http://news.yahoo.com/japan-police-arrest-mtgox-ceo-over-loss-bitcoins-234541269.html
How will bitcoin hit $1200 again??
and How do you think we will get there without WILLY BOT!
Addition:From the article:
Just wanted to leave this article: http://news.yahoo.com/japan-police-arrest-mtgox-ceo-over-loss-bitcoins-234541269.html
How will bitcoin hit $1200 again??
and How do you think we will get there without WILLY BOT!
Addition:From the article:
Quote
From the article: A spokesman for the Tokyo Police said France-born Karpeles, 30, was suspected of manipulating data on the exchange's computer system in 2013 to falsely create about $1.0 million.
PANIC
why do you self double post to your own topic ... seems like a sad way to seek attention ...
and you were such a perma/hyper bull with no understanding about the fundamentals of the markets so keep trolling both ways ... "call for those crazy longs and shorts" .. either way you gotta be right one way or another , right ...
What do you think, will bitcoin price will stabilize this time over $300 or will crash again below $300. It would be pretty awesome if it stayed above $300 Mark.
Just want your thoughts
Just want your thoughts
For sure will go higher. The problem will be not if but when. It is the money of internet and the internet is the future. It is behind a technology which will disrupt to many ways of our life (like the internet in his time of appearing)n and have strong support. Why will not go high?
BITCOIN is not MONEY .... it is a NON TANGIBLE ASSET ACCOUNT ... also known as a COMMODITY CONTRACT ...
addition: (in order for you to actually get any money you would hope that you have a buyer to liquidate your "contract" to regain liquidity in actual currency other wise you are holding onto a "contract" that acts as a medium between your money and account)
theres been many quotes of : "The future of money is not bitcoin and the future of bitcoin is not money" ....
Take Denmark and sweden into account... (socialist and small high standard of living countries implementation)
and no bitcoin is not anything break through .. with the world economies exchanging trillions in currency on the daily compared to what bitcoin does is laughable ... so do not brainwash yourself to thinking because of "the technology" will lead to a higher bitcoin price....
Sidenote: as every year 5% of bitcoins are loss and already 30% of all bitcoins are lost forever ... and the price is still the same because no one is pumping money into bitcoin (ponzi scheme, dutch tulips , beanie babies , south sea company etc)
The price is around $300 again.
Thats like saying 28 dollars is enough to buy a 30 dollar gadget ... since when did you put aside math to favor your assumption of the "price is around 300 again"??
side note: is it pure ignorance to stem on your dillusion?
ITs like watching sheep lead fellow sheep , a metaphor for
the uneducated leading the uneducated ..
The blind leading The blind ...
Heres a write up of his pyramid scheme http://www.coinbuzz.com/2015/04/04/leocoin-founders-linked-to-pyramid-scheme-in-pakistan/
Additional links: http://www.ibtimes.co.uk/leocoin-bitcoin-rival-launches-amid-claims-pump-dump-scam-1494561
You guys should really learn into financial schemes and broaden your understanding to what assets and the validity of an asset is before investing...
the uneducated leading the uneducated ..
The blind leading The blind ...
Heres a write up of his pyramid scheme http://www.coinbuzz.com/2015/04/04/leocoin-founders-linked-to-pyramid-scheme-in-pakistan/
Additional links: http://www.ibtimes.co.uk/leocoin-bitcoin-rival-launches-amid-claims-pump-dump-scam-1494561
You guys should really learn into financial schemes and broaden your understanding to what assets and the validity of an asset is before investing...
They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...
Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea
Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford it bitcoin then don't buy.I smell a discrepancy in his "$25,000 dollar loan @ 3% interest" ....
Either he has an income and credit rating that is good enough to allow for a 25,000 dollar credit line ... if not then he is talking about a 25,000 dollar loan from a LOAN SHARK at 3% interest a day ...
side note: he needs to clarify his terms on the loan year... principal ... fix or apr etc ...
Btw, Guy_Wonderful
I am unsure as to whether or not you are trolling lols =/ ...
your estimates and outrageous posts/ claims on Bitcoin and Gold prices seem to be made to incite a response and general euphoric affirmation to others in the "sea of the uneducated" ... I don't know if you are doing more harm than good lols...
but how ever you feel like carrying on your tyranny then I guess by all means ... do you.
Side note: what I mean by "general euphoric affirmation" ... is when the masses seem to need peer to peer consolidation on a price point when they are all blindly investing and have no understanding of direction so they spread speculative confirmation amongst each other to reinforce positive outlook when in reality its all based on oblivious judgements.
I am unsure as to whether or not you are trolling lols =/ ...
your estimates and outrageous posts/ claims on Bitcoin and Gold prices seem to be made to incite a response and general euphoric affirmation to others in the "sea of the uneducated" ... I don't know if you are doing more harm than good lols...
but how ever you feel like carrying on your tyranny then I guess by all means ... do you.
Side note: what I mean by "general euphoric affirmation" ... is when the masses seem to need peer to peer consolidation on a price point when they are all blindly investing and have no understanding of direction so they spread speculative confirmation amongst each other to reinforce positive outlook when in reality its all based on oblivious judgements.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Been having fun gentlemen?
Sat on the beach on a nice Greek island. Waiting for moon!
lol a hyper-bull living on the "Greek Island" ... You might as well be the Soviet Space Administration! waiting for that ride ...
Side note to Inca: Also you didn't answer to my response to you after you tried to slanderously use the word "stupid and dimwitted"
200-400 for what?
gram, mol, oz?
Or are you talking about some altcoin?
gram, mol, oz?
Or are you talking about some altcoin?
If we are talking about standard oz then :
28.35 grams of gold / oz
.144 moles/liter ....
If we are talking about Troy oz then :
31.1 grams of gold / Toz
.158 moles/liter
...
Addition Hope that helped clear up your confusion about the topic!
added those calculations just for the hell of it =]
=]
Long-term:
Short at 1163, STOP 1345, Target 200-400
Too expensive,
Short at 1163, STOP 1345, Target 200-400
Too expensive,
Holy cow , how in the hell do you come up with these target prices?!?!! out of your ... ? with china and india and America consuming & reserving gold more than ever, the price is only falling due to a stronger dollar and more positive returns from interest rates which gold is hedged against...
aditionally: I have realized in the sea and pool of the uneducated ... speculation from them are spawned from delusional analysis
compared to bitcoin. gold is shit. shit still has some energy value. so has gold. if you think the market is going to value a thing forever as as SOV, because it has 5000 years+ "traditional value" - i think you are the delusional one. markets might change faster than you think. especially, if trust is broken as to be seen in fiat AND gold. everyone i talk about (not older than 40) would rather take bitcoin in his portfolio, than gold.
markets are about future expectations.
AHAHAHAHAHHAHA Coming from a hyper-bull, 8up you are sincerely a joke!
Oh man you are a joke, after reviewing your previous post thinking bitcoin will hit 2000+ each OH MY GOD! ...
Side note: gold has many positive aspects to it that bitcoin has NOTHING against it ... gold has chemical , physical , and exceptionally rare properties that makes it valued as such...
please keep dreaming and I hope you keep getting hit by waves of market makers =] ... I'll be there to watch you struggle to keep a float ...
more hillarious quotes from this hyper bull 8up
Less than 24 hours until Bitcoin starts to rise again. Target 500-700.
Based on?
Speculation. https://en.wiktionary.org/wiki/speculation
1. The process of thinking or meditating on a subject.
https://vimeo.com/132790897
when you have read my posts. you could have seen, that i am short-term bullish, mid-term bearish and long-term bullish on bitcoin. on gold i am short-term bearish mid-term bullish and long-term bearish. a friendly reminder: never put all eggs in one basket. this holds for gold as well as for bitcoin. past performance.. you know
yes. gold has qualities. so have other precious metals (that do not work as SOV)!
There are many precious metals that /store value/.. like platinum , rhodium , palladium , silver ... etc etc
addition: You seem to be unknowledged in economics and commodities which is a very fatal flaw in the bitcoin community.
and to make it worse there are many hyper bulls , which is reminiscent of the dutch tulips and beanie baby and south sea company craze..
why is this a flaw? it is the reason we have you in this otherwise (not joking) unilateral community.
While that is true, I have an advantage (in terms of socio+economical standpoint)... and being a "unilateral community" where the belief is to praise and support bitcoin ,
there has to be a realistic approach or else it becomes a cult mentality and the fools to greater fools theory takes hold. And then you hear stories of people being scammed ...
Addition: It is relatively due to the general age(gen x and y) stand point of bitcoin adopters that fuels this aspect as well. its relatively young and oblivious youth that gets sunk into it.
I.e. Cypherdoc (hashfast scam of 40million USD) ... etc etc