Daily Discussion, August 07, 2019

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20 comments

  1. j_aurelius123

    |Author

    When the bitcoin TA experts are wrong as **** they all disappear in the darkness of the abyss , shits absolutely laughable. Any idiot can say “I think we go up or down”, and have a 50% chance of being right or wrong.

  2. Jayce_T

    |Author

    I made my first purchase with BTC today! Purchased a used car for 0.165btc after my last one died a horrible, sputtering death at the hands of a cracked radiator. Super reliable little thing that the seller was wanting 3K for, in really good condition too and not much mileage.

    I didn’t have the spare liquidity to buy it at the time, but asked offhand “would you take bitcoin?”. And he did! I had a nice investment which had grown over 300% since the beginning and I used 0.165 BTC to seal the deal on that car.

    No tax, no fees (save the small transaction fee), and transparent payment between us.

    Even though I HODL like hell it felt really good to actually use Bitcoin as a means of currency, and use what I earned from my investment for something I needed.

  3. Sumo_Bro

    |Author

    Bitcoin needs a mascot. Like how USD has George Washington, people need a goofy image they can associate with Bitcoin. Maybe Bitty the Bitcoin poodle or Splash, the Bitcoin whale.

  4. samcornwell

    |Author

    Is there a concerted effort by “whales” to devalue the USD:BTC exchange rate?

    I noticed a set of unusual things in the past few days that seemed out of sync from my perspective and wonder if anyone else in the community noticed it too.

    * A Twitter account called [Krabby](https://twitter.com/BitKrabs) appeared on the scene, gained a vast amount of followers very quickly and then started a push down on the price, spewing chart reading divination – [https://imgur.com/r385dcR](https://imgur.com/r385dcR)
    * Forbes release some FUD article on Apple declaring they won’t allow customers to buy Bitcoin on its non existent credit card – [https://www.forbes.com/sites/billybambrough/2019/08/04/blow-to-bitcoin-as-iphone-maker-apple-reveals-sudden-swerve/](https://www.forbes.com/sites/billybambrough/2019/08/04/blow-to-bitcoin-as-iphone-maker-apple-reveals-sudden-swerve/)
    * Binance has to release a statement after a chat group releases a collection of photographs that have already been released. More FUD – [https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak](https://www.binance.com/en/blog/365766157488967680/Statement-on-False-KYC-Leak)
    * Whales in inverted commas because on Coinbase it showed this ridiculous stat the other day as part of their top holder activity graphic: [https://www.reddit.com/r/Bitcoin/comments/cma8bv/top_holders_can_be_a_bit_daft_too/](https://www.reddit.com/r/Bitcoin/comments/cma8bv/top_holders_can_be_a_bit_daft_too/)

    NB. I’m a long term holder. Refuse to play CFDs. The only way to be successful with Bitcoin is through accumulation.

  5. i-m-pickle-rick

    |Author

    I have a theory about the 12k peak that went down (and the 16k peak of last year): Looking at the charts I think a lot of selling bots are set to sell when the price reaches 4 times the price they bought. For example, some traders that bought at 3k, sold when it reached 12k, and last year, some traders who bought at 4k, sold at 16k. Why 4x? Well, when prices reaches 4x the buy price, if you sell 50% of your btc, you get a 2x profit, and still keep half of your investment. It’s a classic investment move that I believe some old-school investors are applying to BTC market. What do you think?

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