All posts made by HerrAndreas in Bitcointalk.org's Wall Observer thread



1. Post 5630713 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.25h):

Quote from: explorer on March 10, 2014, 09:56:54 PM


How lovely the world must look like to the stubbornly naive...

Can't believe I'm turning into the statist here, considering that in he outside world I tend to take the opposite role, but so much simplification and ideologically motivated misrepresentations of reality have that effect.

Hey, I know what I'll do: I'll just warm up my earlier point: how come those pretty "socialist" states like Sweden, Switzerland, The Netherlands outperform (on pretty much every metric) more economically permissive countries like the US?

To point out a few differences-
 distance, NSA, military.  all are MASSIVE economic drains.  Then there is scale. 5 mil people vs 300, or whatever the case may be.

arenīt you guys a bit off-topic here?
or am I missing some link to price movement?



2. Post 5631865 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.25h):

Quote from: billyjoeallen on March 10, 2014, 11:08:21 PM
If you claim the a monopoly government is necessary to prevent the predation of the disadvantaged by the powerful, then I ask, howz that workin out for you so far?

Here's a question: let's say you could, for the rest of your life, commit 30% of your income and savings to charitable organizations of your choice, with a certain amount required to go to basic needs charities, in exchange for never paying taxes on anything ever again. Would you say yes? If that's too much, what's the maximum you'd go up to?

My maximum is zero percent. It's my money. If I am forced to be charitable, it's not really charity, is it? How much freedom would you be willing to give up for freedom? Your question makes no sense.
I fear you are mistaking money for freedom.
your freedom is always measured by the freedom of the people living around you.



3. Post 5634330 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.25h):

Quote from: JorgeStolfi on March 11, 2014, 01:30:57 AM
Chinese Slumber Method prediction for Tuesday Mar/11

Two predictions for today:

Predictions valid for: Tuesday 2014-03-11, 19:00--19:59 UTC (not before, not after)

Huobi's predicted price for bulls: 4073 CNY.
Bitstamp's predicted price for bulls: 679 USD.

Huobi's predicted price for bears: 3597 CNY.
Bitstamp's predicted price for bears: 600 USD.

Huobi

The red and green strokes are actual Huobi hourly prices.  The current predictions are the rightmost magenta squares.  The blue square is the last prediction (see below), and the light blue-gray squares are the previous ones.  The orange and grey dots are the Slumber Points, the mean Huobi prices at 19:00 UTC every day.  Each point is a Glyptodon if the hourly volume Vh for 19:00--19:59 UTC is less than 0.005 times the daily volume Vd 00:00--23:59 UTC; and is an Albertosaurus otherwise. The grey lines are trends fitted a posteriori to the Glyptodon Points. The orange lines are the trends that were assumed for the predictions. The Germanodactyl and Ophtalmosaurus indicate which direction is up and which is down, respectively.

By the arbitrary criterion I have been using, today was defintely an Albertosaurus (Vh/Vd = 682/95100 = 0.00717 > 0.005).  However, volume in the preceding hour 18:00--18:59 (02:00--02:59) was only 274 BTC, so it should have been a Glyptodon.

Anyway, since by the rules today's point is not a valid datum, we again have no clear trend.  In order to fill what would otherwise be a huge blank space on the forum's page, I considered two straight-line trends p(d) = A+B*(d-d0), where d is the day of the month: the least-squares line fitted to the last five Glyptodons (Mar/04--06,08--09; A = 4022.56, B = -60.63, d0 = 4), and the traight line through the last two (Mar/08--09; A = 3668, B = +135, d0 = Cool.

Bitstamp

The red and green strokes are actual Bitstamp hourly prices.  The dots, dinosaurs, mammals, lines, and magenta squares are Huobi's Slumber Points, dinosaurs, mammals, trends, and new predictions, scaled by the currency conversion factor R (6.40 for Feb/07--09, 6.00 since Mar/04, and 6.12 for all other dates).

Checking the previous prediction

Since today was an Albertosaurus, the prediction is officially void.  But, just for the curious:

Prediction was posted on: Monday 2014-03-10, 01:47 UTC
Prediction was valid for: Monday 2014-03-10, 19:00--19:59 UTC

Huobi's predicted price: 3938 CNY
Huobi's actual price (L+H)/2: 3784 CNY
Error: 154 CNY (~26 USD)

Bitstamp's predicted price: 656 USD
Bitstamp's actual price (L+H)/2: 619 USD
Error: 37 USD

NOTE: These predictions are guaranteed to be correct only in some parallel universes.  Be sure you choose the right one.

Ok at last indicators I understand. dinosaurs. thx for that.



4. Post 5709379 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.26h):

Quote from: gizmoh on March 15, 2014, 09:50:26 AM
Geo-political tensions , makes Gold a safe haven. And Bitcoin is Gold 2.0
I didn't suggest Ukraine or Russia buying, rather current participants converting their fiat, just like what happened with Cyprus situation.


http://www.kitco.com/news/2014-03-14/Ukrainian-Tensions-Technical-Buying-Propel-Gold-To-6-Month-High.html
its not the ukranians who will be looking for a different form to keep the money they donīt really have. It will be the russians. They are already feeling the rubel decrease in value and are expecting more of it. My guess is they will go to euro and dollar and gold before they go to btc.
having said that. I am sending a "hello" to all the peoples in the world http://youtu.be/uPaDgBPbTqA and my wishes for peace.



5. Post 5712682 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.26h):

Quote from: podyx on March 15, 2014, 03:29:34 PM
now according to my sources, we'll be at $700-760 in 2-3 days


naturally you wouldnīt like to disclose your sources. or would you?



6. Post 5725208 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.27h):

Quote from: nioc on March 16, 2014, 07:17:51 AM
The lull is because the big money is not using the exchanges you are keeping track of.
so where exactly is the big money moving? All in the shadows or visible, if you know where to look for it?



7. Post 5741647 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.27h):

prices make me want to spend my coins on anything but fiat  Grin



8. Post 6389982 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.40h):

Quote from: octaft on April 25, 2014, 12:42:38 PM
So here is your last chance to get coins for <500.00

You will never see bitcoin prices much lower than this again. It might go slightly lower and may even retest the last low at around 350.00 but this is buy zone if you haven't already. You can quote me on this and thank me later when we are at 10,000 plus in a few short months. China is only an excuse and mars can easily be reached without her.  Don't believe the hype.

Where have I heard that before? Oh wait, $600.
I heard it at $800 and even $1000

Let me rephrase that: when's the last time I heard that.  Wink
520 Wink



9. Post 6742708 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.44h):

I noticed hitbtc.com swinging in average price from constantly below to constantly above the most otgher exchanges.
Does anyone on here have ideas why this is happening?

Who is buying there?

(Speculations are welcome  Wink )



10. Post 7259535 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

wtf is going on on stamp?




11. Post 7259827 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

can anyone give me a reason why someone is dumping such an amount on bitstamp?

I simply donīt get it. To me it seems like burning money.



12. Post 7260038 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

Quote from: MoreFun on June 11, 2014, 10:12:03 PM
can anyone give me a reason why someone is dumping such an amount on bitstamp?

I simply donīt get it. To me it seems like burning money.


Two possible reasons:
- manipulation - someone wants price to go down (how succesfull will be seen after he will buy back);
- something is wrong - means someone knows something.
So if I get the idea right for the manipulation scenario to be successful people need to panic sell after the initiating dump has finished to push the price even lower to a level where buying back in makes any sense (profit). I can only see this working if people can be convinced of scenario No. 2.

For scenario 2 to be true it would have to be something not only wrong but also imminent. Otherwise a slower selling approach would give more fiat. So if bitcoin has not ended by tomorrow morning (technically broken or banned in relevant markets) it was just pure market manipulation.

either way, I wish I had more fiat at stamp right now...



13. Post 7260817 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

Quote from: Wolf Rainer on June 11, 2014, 11:04:34 PM
We are gonna die! Why is still dropping?
where do you see it still droping?
I see stamp hovering around 622.



14. Post 7261079 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

Quote from: dnaleor on June 11, 2014, 11:16:13 PM
I succelfully got my BTC out of stamp. No problems at all...
Now I will need to send it back If I want do dump  Grin
I also tried that. "Waiting to be processed" since 1 1/2 hrs....

but I guess there is quite some queue for leaving bitcoins at the moment.

What I find really surprising is how unimpressed other exchanges are. Maybe its just the exit line which is delaying the arbitrageurs.



15. Post 7277707 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

my simple mind question:

If we all see the price in free fall, who buys on the way down?
Why not cancel all buy orders and wait for a better moment, because right now every minute you wait more is more btc for your buck.

very complicated...



16. Post 7280279 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

Quote from: toxic0n on June 12, 2014, 10:58:22 PM
Damn, I was just about to panic sell but by the time I got my 2 BTC out of cold storage, the price recovered  Cheesy
you big playa lucky senior Grin



17. Post 7281583 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.52h):

Some of you guys and ladies here have some very sophisticated ways of going about your trading.
I do not know any of that complicated TA (but learning...), but I sold and bought back the same handfull of coins 7 times in a row in the last 2 hours and it felt really good Smiley



18. Post 7332376 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.53h):

Quote from: ShroomsKit on June 15, 2014, 07:21:55 PM
Objectively, what are our chances of going lower?  I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year.  Ignoring the trolls, is there a legitimate chance of hitting $500?

DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we will see 100% sure 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down.
The bulls obviously want the price to go up but will be a bit more modest and say we'll likely won't see 500 again. Either way any info you'll get is coloured and worthless.
The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do.
now that is what sound advice looks like.



19. Post 7442515 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.54h):

There is something that puzzles me about the nature of bitcoin followers traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldnīt mind a pointer.)

 



20. Post 7477742 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_12.54h):

Quote from: adamstgBit on June 23, 2014, 10:58:13 PM

 Shocked
cant take eyes off of BTC



21. Post 8042203 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.01h):

lets do it and turn the page.



22. Post 8237478 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.03h):

Quote from: Walsoraj on August 07, 2014, 06:10:08 PM
https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?
That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria Wink



23. Post 8238500 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.03h):

Quote from: Walsoraj on August 07, 2014, 08:53:47 PM
https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?
That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria Wink

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

Get your fiat out while you still can.
Sure an official bitstamp statement is needed most in a situation like this, but I donīt see any reason to panic.
...and I was in no way implying that anything fishy was going on.
You donīt need to be a bad person or company to want to do business with someone living in a country the US does not like (greetings to my friends in russia and ukraine (both parts) btw!).

-and unicredit is anyway not really the best bank around (anyone remember the times when stamp deposits got frozen on the way in until you answered those lovely questions? If that did not come from unicredit and their fear of US regulations...)...



24. Post 8238631 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.03h):

Quote from: ensurance982 on August 07, 2014, 08:34:33 PM
...

But haven't they operated on an EU licence all along (a German one if I remember correctly). They are located in eastern Europe or England, aren't they?? I guess there are sill enough bitcoin-friendly or at least bitcoin-tolerating banks in the EU they can choose!
As far as I know they are registered in the UK and are operating out of Slovenia (which is less eastern and more southern from my point of view;).
My personal guess is btw that unicredit, well...just was unicredit, they lost already a bunch of customers (including myself and some friends company accounts) due to a wonderful combination of arrogance and incompetence and high fees.



25. Post 8240903 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.03h):

Quote from: abercrombie on August 08, 2014, 12:36:55 AM
Writing is on the wall. Get out now. Eventually fiat withdrawals will stop. Coinbase won't be an option by that time, as they rely on Stamp.
Wouldn't that create higher demand lower supply?  Similar to the prohibition?  Sure, less flow but those wanting coins will have less options.
has anyone here tried to contact rbi for a statement?
Iīll give them a ring tomorrow morning.
Panic seems a bit ahead of actual events at the moment.



26. Post 8241671 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.03h):

Quote from: Marbit on August 08, 2014, 01:16:23 AM
Writing is on the wall. Get out now. Eventually fiat withdrawals will stop. Coinbase won't be an option by that time, as they rely on Stamp.
Wouldn't that create higher demand lower supply?  Similar to the prohibition?  Sure, less flow but those wanting coins will have less options.
has anyone here tried to contact rbi for a statement?
Iīll give them a ring tomorrow morning.
Panic seems a bit ahead of actual events at the moment.

RBI? Prohibition? Fiat withdrawals will stop? What in the hell are we talking about here? I've skimmed the thread a bit and seemed to have missed this....
bitstamp is obviously moving its banking from unicredit to raiffeisen - unannounced - panic. what else?

I guess they were simply not happy with unicredit anymore (as so many other people who had accounts there too. yes me too) and also raiffeisen (rbi) does not have any operations in the usa which could have their assets frozen if bitstamp was not complying to possibly upcoming regulation. Yet there is a "leaked" internal memo on reddit...
I will phone rbi in the morning to see what is going on before any further deposits to bitstamp (atm the €->$ rate sucks anyway).



27. Post 8874140 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.13h):

anyone have an idea what is causing this panic?

apart from that, why do so many here think the price of bitcoin is of crucial importance for itīs further existance? Itīs volatile as hell, but meanwhile we should all have gotten aquainted with that.




28. Post 8874916 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.13h):

hmm
Am I the only one to see the little boing back up?

Either way, for arbitrage today is a good day.



29. Post 8875001 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.13h):

Quote from: edwardspitz on September 18, 2014, 02:21:00 PM
wife says " you know what i hate to see on youtube, bitcoin adds they fucking piss me off "

she HATES crypto...

Everyone hates crypto  Undecided

Bitcoin hates us  Smiley
I still love it.
All the great things it brings us donīt go away when it swings down in price to more than three times what it was last fall.


If you lost money in bitcoin, I feel bad for you son
I got 99 problems, but money aint one.
bit it!



30. Post 8875282 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.13h):

this time next week we will be back to normal insanity in this thread.

Some will have learned the hard way that hedging against unpredictable volatility in crypto is not optional and some will have made good profits.

Either way: life goes on.



31. Post 8880114 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.14h):

Quote from: franckuestein on September 18, 2014, 07:43:02 PM
now i thinking about suicide! (no joke) Undecided


USA National Suicide Prevention Lifeline

No matter what problems you are dealing with, we want to help you find a reason to keep living. By calling 1-800-273-TALK (8255) you’ll be connected to a skilled, trained counselor at a crisis center in your area, anytime 24/7.
http://www.suicidepreventionlifeline.org
http://www.suicide.org/suicide-hotlines.html
---

That's everything I've found  Wink Consider your decision.
best reply.

concerning the suicide thing: donīt. itīs only money. it is not as important as it seems.



32. Post 9057403 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.18h):

Quote from: adamstgBit on October 02, 2014, 06:44:28 PM
theres very little time left.
dont panic,
time is infinite.
Wink



33. Post 9135148 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.21h):

Quote from: ShroomsKit on October 08, 2014, 11:36:18 PM
crap, sold and took my money off exchange at 330 before 270 dip....


i'm an idiot trader--now i'm sending fiat back for a loss.

anyone think this might be a bull trap so I don't feel so foolish...?

Nothing better than traders losing money.



Donīt worry dyland, your loss was somebodyelses gain.

it will always be a zero-sum game.

and if you want any advice:

never mount a rising horse.



34. Post 9155201 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.22h):

Quote from: karolina on October 10, 2014, 05:01:06 PM
I still can't get over this volume..

Where has it all come from?

There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.

I'm thinking maybe a lot of people believe we hit bottom, and are looking for entry.


Or maybe all the major news over the past 6 months, not priced in yet.
all my trading and price developement understanding comes only from bitcoin, but imho
"News" start to be priced in just before they become "News". As soon as everybody knows (/thinks/believes/fears/hopes) something it is already in the price.



35. Post 9929327 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.41h):

Quote from: Wandererfromthenorth on December 23, 2014, 09:26:00 PM
https://twitter.com/JustinWolfers/status/547469477282320385


nice chart,
but it does have a tendency to lead people to percive the base currency of USD as something of constant value.
If your base cirrency were rubel for instance that chart would look totally different.




36. Post 9944409 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.41h):

Quote from: ElectricMucus on December 25, 2014, 08:38:31 PM
nice chart,
but it does have a tendency to lead people to percive the base currency of USD as something of constant value.
If your base cirrency were rubel for instance that chart would look totally different.



The big difference is you can actually buy about the same amount of of stuff with the same amount of RUB, in Russia. That is because there is a real economy behind it and in order for Cryptocurrencies to be even comparable they have to have that economy too.

Sorry to say, but this is actually not true.
You get less and less for RUB in russia every week.
And dont even think about buying anything from abroad (car, tech-stuff, clothes, just anything imported). It just got really expensive. But yes you can get local milk and bread for a more or less stable price.



37. Post 10044070 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.44h):

http://nakamotoinstitute.org/mempool/dont-panic/

imho that link should be automatically posted in here every 2 hours.

concerning stamp, what other course of action would you suggest if indeed a hot wallet was compromised but to hit the big red stop button and sort it out before doing anything else?

Btw, the instability of all (ALL) exchanges is why there is any money to be made in the bitcoin world.
stamp has been holding up much better then most others.



38. Post 10044364 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.44h):

Quote from: jeezy on January 05, 2015, 11:00:24 AM
MRW How I feel after pulling out of stamp last week. PRETTY GOOD!  Cool


Itīs just how I feel about pulling out of hitbtc last week - after they halted fiat withdrawals by de-verifying bank accounts.




39. Post 10132607 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.46h):

Quote from: exocytosis on January 13, 2015, 02:50:14 AM
Do you guys think it will ever recover back one day?


No. 3600 new bitcoins are produced every day. The market doesn't want all those coins, as shown by the falling price. Markus, Willy and other Gox price manipulation schemes were the only reason price went to two, three and four digits in the first place. Now that Gox is gone, Bitcoin is exposed as what it is: A poorly designed pyramid scheme technology that has zero utility for ordinary consumers. The only people who has any use for bitcoins, are a few thousand drug addicts and child pornographers.

The speculative Bitcoin fad is over. Bitcoin will go back to single digits now. A lot of cultists, bulltards, early adopters and other bagholders will commit suicide in the coming months.

I might do you wrong but I just can make out if this is biased or sarcastic, both, or simply unhappy.



40. Post 10133212 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.46h):

I don't know, but the next few days are critical!


nah relax and read this first (again):

http://nakamotoinstitute.org/mempool/dont-panic/

it is times like now this was written for (and probably also in).




41. Post 10133363 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.47h):

now thats the volatility we are here for.

smells like an opportunity if you keep your cool and dont act on emotions but on logic and maths.



42. Post 10173196 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.50h):

Quote from: fairglu on January 16, 2015, 09:09:54 AM
can someone says that the next 20 hours is critical or something gentlemen ?

EDIT : Please ?

It's not true. Next 6 hours are critical Wink

Next 1h30 actually  Tongue
the last 2 years were critical.

^_^



43. Post 10418508 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.57h):

Quote from: Shari Lewis on February 10, 2015, 06:30:22 PM
Oh, Lamby Lamby Chop Chop. You're a funny man. But the problem is you're too good and you just can't stop yourself showing it.

Beating out the kids with pennies can't what its about (except of course to protect them and their pocket money, thanks btw). So why do you it? You're not a dull man bitterly left behind (hi, Stolfi); you're not a funster talking his book (hi, fonzie); you're not a 50 center (if you are, pm me I'll give you a dorrar-a-time job).

Those with money are likely to have read enough books, seen enough films and dealt with enough dickheads to recognise that someone with your breadth of cultural references and immaculate put-downs (there, I've said it) cannot possibly not see the "bulltard" future in front of us. The fact that you put so much time on the clock surely re-inforces that. And if the money is here at all, it certainly won't sell because of your thoughtful advice.

Surely the fun of winding people up after all these months and thousands of posts must be wearing thin. What's the exit strategy?

good english language. enjoyed.

btw, we will be at 210 to 200 when I get up in 12 hours.
source: feeling.

please forgive the untechnicality of my prediction, but itīs my first "public" price prediction ever.
Since it seems to be the local custom it is appropiate to throw around with random numbers here and to state some sort of position.
So here it is. my position:

I will have bought at sub 215 what I sold before at 220.




44. Post 10418841 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_13.57h):

Quote from: hdbuck on February 10, 2015, 06:46:43 PM
I will have bought at sub 215 what I sold before at 220.


such profit, G..


I am just starting.

If I saw a chance to be spectaculary right, I would use it.
In every other case, I prefer being right to being spectacular.



45. Post 11839427 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_14.20h):

Quote from: PhilipMorris on July 10, 2015, 09:04:19 AM
Seems like Huobi is down.. AGAIN?

fire currency burning.




46. Post 12224772 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_14.24h):

Quote from: Fakhoury on August 24, 2015, 01:57:13 AM


Ever wondered why unsuccessful people (or movements) always blame others for their failure, but successful ones never?

Dont get me wrong, but if you are oposing an existing system, please be prepared for equally sized oposition.

If you dont make it, it will have been your own fault.



47. Post 12233063 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_14.24h):

Funny how these quarrels amongst coders get so many people so excited when we are actually just on our way down from willy/markus artificial highs towards the actual production cost of bitcoin (as any "regular" commodity would behave). As long the max amount of btc has not been mined (or that event is even poking from the far horizon), the amount of cash needed to mine a bitcoin is where the price is pulling.

Yes that is kitchen economics, but ffs thatīs just how stuff works.  

Fear not forks, fear free energy.




48. Post 12366371 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_14.25h):

Quote from: GreekGeek on September 08, 2015, 09:55:15 PM
has anyone seen this?

http://www.pressexaminer.com/bitcoin-might-face-a-new-challenge-in-two-days-from-now/73854

Yes.
I.
now that you posted the link.





49. Post 12366452 (copy this link) (by HerrAndreas) (scraped on 2020-04-04_Sat_14.25h):

Quote from: billyjoeallen on September 08, 2015, 10:21:18 PM
Is it still time to hire some strippers (of both sexes, of course) for that kumbaya session devs are having in Canada?

Nerd egos are stubborn things, might be a good idea to soften up the mood. Make 'em mellow.



Still time? The Backpage-situation graduated all the exotic dancers in Bitcoin 101. International payments to Canada to these entrepeneurs only take seconds / minutes (depending on of much they trust zero confirmations).

And they start saturday! Plenty of time! Let's feed those bras with digital cash!  Cheesy

Hopefully, on monday you all will understand that scaling is not a big problem. Because all miners/nodes/pools/whatever do NOT need to confirm every bleeping transaction. The computer work can be easily shared. The big work isn't processing transactions. It's mining.  Wink

I suspect backpagers buy the majority of my coins on bitquick.co.  it's nice because I can arbitrage the spread and buy back immediately at a lower rate on an exchange, but of course I'm really just selling my risk of getting my bank account seized in the event that some bureaucrat somewhere decides it's money laundering and retroactively applies the decision to me. So I have to constantly drain the account to minimize the risk. I also have to buy back in immediately to minimize the exchange rate risk because the most buyers come in during an uptrend.  A five dollar bump in three hours can wipe out any profit.

buying gas cards on purse.io is similarly problematic. I get a ~20% discount on the card, but I have to exchange the gamestop card for a shell card at a brick-and-mortar store which takes time and money, THEN I can only buy fuel at Shell stations which typically overcharge ~5% for fuel.

Once I have enough profit to cover living expenses, I crank up the premium I ask for on bitquick and crank up the discount I demand on purse.io.  If nobody bites, it's no big deal. If they do, that's less work for me in the future.

Arbitraging is the only way I know to make profits without burning through my stack, except of course lending out coins on bfx but the vig is still pretty low. For bigger profits that that, one must OBSERVE THE WALL and get lucky.

I feel with you.
I am right now starting to get out of arbitraging.
Have been doing this since late 2013 for a living.
If you you allow for my directness, but maybe you should consider having a plan "B".

Arbitraging has not only now become the same armsrace as has mining, but also the possible profits are limited and with adoption there are simply too many participants to make more than pocketmoney.
Not speaking of frozen fiatfunds and several banks shutting their door in you face (been there, done that) and sending your money to Lithunania and ofcourse Estonia (Panama City anyone Wink).
Strangers keeping your funds for no good reason, but that they unfortunately bought a ferrari before real profits actually did come in.

magic gathering, pireat et al. anyone?
[what ever became of "catpay" by Ullus Corp, who alsao ran hitbtc who at some point exchanged fiat on your account there for new AML rules? .....]
Ever did an irl deal worth more than 10 BTC with a complete stranger in a subway station?

dont fuck with the taxman.
dont fuck with morals.

and most importantly:
dont fuck with common sense.

best,

dha.