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03-13-2018 , 10:37 AM
Quote:
Originally Posted by Fear_Itself
Think it's reasonable to expect the market will oscillate sideways until Mt Gox whale runs out of coins to dump (or get's a visit from the Yakuza). Maybe a good time to derail the thread with my theory of the true identity of Satoshi Nakamoto: Tim May. I first read of him in 'The Dark Net' by Jamie Bartlett.



- Electronic engineer and senior scientist at Intel, solved the 'alpha particle problem', retired in 2003.



- Lives in Santa Cruz California.



- Old enough to be proficient in C++.



- Paranoid and obsessed with privacy.



- Founding member and prolific contributor to the cypherpunks mailing list.



- Author of 'The Crypto Anarchist Manifesto' and 'Cyphernomicon'.



to quote Bartlett:











I've never heard him mentioned in the conversation before, but perhaps he should be?


My guess is either Hal Finney or Gavin Andresen.

Finney received the first coin and lived nearby a family residence of a computer expert named Dorian Satoshi Nakamoto.

Andresen was given the control of the code when Satoshi stopped.
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03-13-2018 , 07:36 PM
More important is, who has Satoshi's ~$10,000,000,000 worth of coin.
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03-13-2018 , 08:12 PM
Hi guys,
I'm on a fact finding for Cryptocurrency best practices regarding COIN SECURITY & MANAGEMENT. Any information or resources pertaining to best practices would be immensely appreciated. Thanks in advance
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03-13-2018 , 11:34 PM
Ledger nano s
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03-14-2018 , 09:57 AM
https://www.ft.com/content/dcb4b12e-...e-cc62a39d57a0

Positive for cryptos in the UK
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03-14-2018 , 10:16 AM
Link doesn't work without subscription.
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03-14-2018 , 10:28 AM
Guess you'll just have to take his word for it then
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03-14-2018 , 10:39 AM
Same story from a different source

https://www.financemagnates.com/cryp...barclays-bank/
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03-14-2018 , 11:01 AM
Satoshi is probably dead and his coins are gone forever. But that's good according to crypto people. Yay deflation!
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03-14-2018 , 12:50 PM
This does seem to be a problem with ascertaining the value of crypto? Like, there's no way of knowing if large numbers of Bitcoins are out of the economy permanently, or if people are just hoarding them long-term.
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03-14-2018 , 01:11 PM
I know people a lot of people don't believe in technical analysis, so everybody please feel free to ignore my post if you don't feel TA is reliable.

Just wanted to post that the price of bitcoin just broke through it's support level, which seems to make it much more likely that the price is headed for $7k over the next day or two? So if people wanted to profit-take or go short, guess now might be the time?

Please ignore my post if you feel TA is junk science - thanks.
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03-14-2018 , 01:13 PM
Can you explain what a "support level" is, why it exists, and how you know one when you see one?
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03-14-2018 , 01:14 PM
Quote:
Originally Posted by Trolly McTrollson
This does seem to be a problem with ascertaining the value of crypto? Like, there's no way of knowing if large numbers of Bitcoins are out of the economy permanently, or if people are just hoarding them long-term.
I thought the contents of every bitcoin address are public? So you could count up the bitcoins that have not been active for more than say, 5 years, and consider that to be the non-circulating number of bitcoins. Subtract that from the total number of mined bitcoins and you have the active bitcoin count. Now bitcoin can have its own M1 and M2.
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03-14-2018 , 01:16 PM
Quote:
Originally Posted by Czar Chasm
Link doesn't work without subscription.
If you use chrome, check out add on named "Anti-Paywall"...link works for me
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03-14-2018 , 01:27 PM
Quote:
Originally Posted by Trolly McTrollson
Can you explain what a "support level" is, why it exists, and how you know one when you see one?

Guess it means that like ... the last two times people were selling and the price was moving lower, there were enough buyers at $8.4k to stop the price fall and get it to move upwards again?

So then the price went back and forth between ~$8.4k and ~$9.5k for a couple of days, as buyers and sellers went back and forth, between support ($8.4k) and resistance ($9.5k), which is the level where people were no longer willing to buy more bitcoin.

When the price dropped below the price of ~$8.4k where people have been buying up bitcoin the last couple of times, guess that means that like ... guess the tide of sellers has overwhelmed the buyers at that level? Maybe because sellers bought, the price rose, but then it's dropped back down again to where they bought in ... twice now. So now they're maybe instead going to wait for the price to go lower before trying to buy back in again?


Maybe someone else here may be better with words, who can say things better?
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03-14-2018 , 01:33 PM
I'm pretty sure you can go on the exchanges themselves and you'll see the orders that people make. So if there are a lot of people willing to buy at $X then that will be considered a "wall of support." But with cryptos there is no regulation so sometimes those will be fake orders to give the illusion of support. And people will do wash trades to gin up volume. The whole thing is a mess.
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03-14-2018 , 01:40 PM
Quote:
Originally Posted by synth_floyd
I'm pretty sure you can go on the exchanges themselves and you'll see the orders that people make. So if there are a lot of people willing to buy at $X then that will be considered a "wall of support." But with cryptos there is no regulation so sometimes those will be fake orders to give the illusion of support. And people will do wash trades to gin up volume. The whole thing is a mess.
This happens in regulated markets as well
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03-14-2018 , 02:02 PM
Quote:
Originally Posted by synth_floyd
I thought the contents of every bitcoin address are public? So you could count up the bitcoins that have not been active for more than say, 5 years, and consider that to be the non-circulating number of bitcoins. Subtract that from the total number of mined bitcoins and you have the active bitcoin count. Now bitcoin can have its own M1 and M2.
But surely there are plenty of long-term HODLers who will sit on piles of coins for many years?
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03-14-2018 , 03:16 PM
Quote:
Originally Posted by TrustySam
I know people a lot of people don't believe in technical analysis, so everybody please feel free to ignore my post if you don't feel TA is reliable.

Just wanted to post that the price of bitcoin just broke through it's support level, which seems to make it much more likely that the price is headed for $7k over the next day or two? So if people wanted to profit-take or go short, guess now might be the time?

Please ignore my post if you feel TA is junk science - thanks.
I think most smart traders have moved on from btc for the moment. More low hanging fruit in other markets then trying to make sense out of a bunch of corrective chop.
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03-14-2018 , 04:12 PM
Quote:
Originally Posted by 5 south
I think most smart traders have moved on from btc for the moment. More low hanging fruit in other markets then trying to make sense out of a bunch of corrective chop.
Last week you were telling me that the smart traders were buying at $10k

Sorry, it seems like my post maybe ... did it make you feel bad? You're right - anything's possible with crypto, so the price could for sure rise from here. And even if the price does continue to drop, it looks like there's a decent chance the price could bounce back to the same levels it's at now?

Guess there's no guarantees with crypto - so GL to all of us ... GL with your long!!

Last edited by TrustySam; 03-14-2018 at 04:19 PM.
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03-14-2018 , 05:06 PM
Don't expect quick and easy gains. If you like the technology and want to invest, decide an amount you're comfortable to lose. Dollar cost average in. Look at the price in 1 year and reassess.
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03-14-2018 , 05:25 PM
Quote:
Originally Posted by TrustySam
Last week you were telling me that the smart traders were buying at $10k

Sorry, it seems like my post maybe ... did it make you feel bad? You're right - anything's possible with crypto, so the price could for sure rise from here. And even if the price does continue to drop, it looks like there's a decent chance the price could bounce back to the same levels it's at now?

Guess there's no guarantees with crypto - so GL to all of us ... GL with your long!!
Must have been drunk, sorry about that

DYOR
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03-14-2018 , 07:33 PM
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03-14-2018 , 07:52 PM
lol
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03-14-2018 , 08:37 PM
Brilliant
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