Bitcoins - digital currency - Page 812 - Business, Finances and Investing Forum

old coins really move at the extremes. like when someone panic sold an old batch of 30k at $300 on bitstamp.

First, i'm starting to move coins to rebalance, along with several others i know in similar situations. you have to rebalance at some point, and historically the time is after 10-20x gains off the bottom.

Second, bitcoin days destroyed. check out that the link. notice the spikes around bubble times.

FWIW, this doesn't really guarantee anything. A few months back or whatever, Antpool announced signaling for BU which triggered large movement in old coins. Market tanks for a few days then rebounded to ATH's. This was the infamous $850 top call by Vinny.

Sadly I remember this because it was the first/last time I was shaken out :/

Quote

05-25-2017 , 10:24 AM

#20277

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,822

Quote:

Originally Posted by rfedinsPS

hey guys,

As i understand for bitcoin there is unchangeable max supply limit of 21 million.
Is there something why new Bitcoin v.2.0. can't be created for extra 21 million supply after original bitcoin get it max supply reached? This is just example but is there something to prevent unlimited supply of same 21 million bitcoin blocks coming out later on?

Thanks.

The code as written from its beginning to now limits it to 21 million. That can be change, but there will be extreme resistance to doing so. There's been a scaling debate going on for over 2 years now between miners, developers, market about changes that should be made.

If anyone tried to change the code to make it in excess of 21 million it would almost assuredly result in a hard fork. I don't see it happening.

There really is no need to exceed 21 million. It's divisible to 8 decimals (this can also be changed), so really there are 2,100,000,000,000,000 tradable units.

Quote

05-25-2017 , 11:57 AM

#20278

Mihkel05

banned

Join Date: Jul 2015 Posts: 4,835

Quote:

Originally Posted by Pinkmann

Or just use ETH

Basically useless. Who accepts this?

Quote

05-25-2017 , 12:49 PM

#20279

Pinkmann

old hand

Join Date: Nov 2014 Posts: 1,490

The 2p2 transfers threads. Don't tell me people actually want to buy their coffee with bitcoin or anything else for that matter. People use btc to trade vs alts, evade taxes, and transfer money around.

Quote

05-25-2017 , 12:53 PM

#20280

IAmRobik

Carpal \'Tunnel

Join Date: Nov 2013 Posts: 12,198

wtf is going on right now

Quote

05-25-2017 , 01:01 PM

#20281

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,228

when btc/usd shunked down to ~2300 or so, the bid/ask spread was about $70 and going to market for 1 bitcoin moved the market like $50 lol

gotta be so many dumb arbs when it gets blown out like that

Quote

05-25-2017 , 01:26 PM

#20282

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

$500 per coin swong at the moment.

Quote

05-25-2017 , 01:39 PM

#20283

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,228

this is gonna get even uglier when china wakes up to margin calls

Quote

05-25-2017 , 01:46 PM

#20284

heltok

old hand

Join Date: May 2012 Posts: 1,695

Tether at $1.10. A theory. Maybe the korean exchanges have some serious problems and that's why they are cashing out to tether like crazy. And the market thinks asia will stop buying crypto? And the koreans are starting to dump their bought coins on the western exchanges?

Quote

05-25-2017 , 01:47 PM

#20285

bucktotal

old hand

Join Date: May 2006 Posts: 1,667

Quote:

Originally Posted by Mat Cauthon

Speaking of Bearwhale, he reemerged yesterday www.reddit.com/r/Bitcoin/i_am_the_bearwhale_uasf_now/

i remember that day, watching the epic sell wall get eaten.

Quote:

Originally Posted by Zenzor

i know. its noisy, but look at the chart, compare it to price bubbles (starting from 2011 rally in summer, then a spike in Nov at the bottom). its real - people move coins bought low, to sell high (or at lows).

Quote

05-25-2017 , 01:49 PM

#20286

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,822

Quote:

Originally Posted by Clayton

this is gonna get even uglier when china wakes up to margin calls

why

Quote

05-25-2017 , 02:08 PM

#20287

heltok

old hand

Join Date: May 2012 Posts: 1,695

Quote:

Originally Posted by Mat Cauthon

Speaking of Bearwhale, he reemerged yesterday www.reddit.com/r/Bitcoin/i_am_the_bearwhale_uasf_now/

His story has some holes:
https://www.reddit.com/r/btc/comment...s_most_likely/

Quote

05-25-2017 , 02:11 PM

#20288

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,228

either 2150 holds and its at 2400 by this time tomorrow or theres some real sub 2000 lolpanic. probably 90% likely for the former.

Quote

05-25-2017 , 02:32 PM

#20289

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,822

WWCD - what will China do?

Quote

05-25-2017 , 02:37 PM

#20290

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Bounce back to $2500ish here.

It's kind of annoying knowing all the real BTC action happens when I'm asleep. And agree that basically China Japan and Korea have the most effect on BTC for right now.

Edit: Look at this ****.

Quote

05-25-2017 , 02:48 PM

#20291

Pinkmann

old hand

Join Date: Nov 2014 Posts: 1,490

Coinbase works for you?

Quote

05-25-2017 , 03:11 PM

#20292

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Ya, but slower than normal.

Haven't done any business on there today, selling or buying, but can log in and what not.

When I woke up I was rich, this afternoon I'm poor again. But seems like things are on the up and up.

Quote

05-25-2017 , 05:25 PM

#20293

geo8o2

old hand

Join Date: May 2005 Posts: 1,449

i've been able to login fine everyday this past week. however i do have a pending btc transfer that seems to have disappeared from my recent transactions. still unconfirmed in the blockchain, so not too worried yet

Quote

05-25-2017 , 05:30 PM

#20294

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,822

Quote

05-25-2017 , 06:24 PM

#20295

plzd0nate

veteran

Join Date: May 2010 Posts: 2,407

Quote:

Originally Posted by geo8o2

It took 3 days for me last time.

Quote

05-25-2017 , 06:42 PM

#20296

outfit

old hand

Join Date: Feb 2015 Posts: 1,396

Quote:

Originally Posted by Pinkmann

In my town you can buy pizza and coffee with bitcoin.
The first time I learned about bitcoin was from a homeless guy on the street using it.

Quote

05-25-2017 , 06:56 PM

#20297

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Quote:

Originally Posted by housenuts

So we're gonna be over 10k in like 2 months, I'll take it.

Quote

05-25-2017 , 07:13 PM

#20298

bucktotal

old hand

Join Date: May 2006 Posts: 1,667

i'm more inclined to compare this move the earlier bubble in spring 2013.
10->200 ~= 200->4000 .

Quote

05-25-2017 , 07:15 PM

#20299

zendout

enthusiast

Join Date: Dec 2014 Posts: 98

Is it possible to have a higher than 15k buy/sell limit on Coinbase?

Last edited by zendout; 05-25-2017 at 07:18 PM. Reason: Grammar

Quote

05-25-2017 , 07:39 PM

#20300

bucktotal

old hand

Join Date: May 2006 Posts: 1,667

yes.

from the site:
"
Apply for higher limits

Applications for higher limits are intended for high volume traders and high net worth individuals.

If your application is accepted, buy and sell limits may be increased.
This request cannot be used to increase your limits for instant purchases, such as debit or credit cards. If you are requesting higher debit/credit limits, your request will automatically be rejected
Estimated time of review is 4 business days when sufficient documentation is provided.
Customers requiring access to wire transfers within the US or internationally should also apply using this process.
Apply Now [button]
"

Quote

Page 812 of 2109

First

312 612 712 762 792 802 807 808 809 810 811 812 813 814 815 816 817 822 832 862 912 1012 1312 1812

Last

Post Reply Subscribe

...

Page 812 of 2109

First

312 612 712 762 792 802 807 808 809 810 811 812 813 814 815 816 817 822 832 862 912 1012 1312 1812

Last