G20 holds fire on crypto-regulation ... way clear for ETFs?
No. G20 says crypto too small to regulate. SEC says crypto too small for ETFs. NO no, not exactly. SEC said there were no regulated exchanges trading bitcoin so ETF was on hodl. CBOE and CME now both trading bitcoin futures ... so I call your no and raise you a big NO. Bitcoin futures on CBOE and CME aren’t trading Bitcoin. They are cash settled ... I never said otherwise and am well aware of that. But how do you think they are hedging those cash-settled futures positions? With weather futures? Seems to be quite a few irate bears trying to defend their positions around here ... feeling a bit salty about those shorts gone on at the death-cross? Anyone with experience in commodities markets knows that you don't put shorts on at cost-of-production prices ... that's suicidal picking up pennies in front of the steam-roller trading. |
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In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase.
As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation.
...thanks, I've been watching a similar but cruder indicator, it's basically the old days "mine or buy?" indicator. So far it's been good for medium to long term entry points on the secular bitcoin bull. It's really just a manifestation of the bitcoin mining cost-of-production price providing a floor to bitcoin market price and getting in at cost-of-production, i.e. the mining price ... miner's who have contracts to supply will buy at the market if market price drops below their mining costs, that's basic economics of doing business in a cut-throat industry. |
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G20 holds fire on crypto-regulation ... way clear for ETFs?
No. G20 says crypto too small to regulate. SEC says crypto too small for ETFs. NO no, not exactly. SEC said there were no regulated exchanges trading bitcoin so ETF was on hodl. CBOE and CME now both trading bitcoin futures ... so I call your no and raise you a big NO. |
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hahahahaha ... this guy is really the typical dinosaur in serious denial about the comet .. hey Prabhu, 2013 called and it wants it's FUD back.  this other FUD about the shoeshine boy quote is being deceptively used out of context also ... in 1928 the shoeshine boy myth was created by Joe Kennedy (prez's dad) to articulate that everybody was all-in, including the shoeshine boy and that is what he used to mark the top. In bitcoin the shoeshine boy (do they even exist anymore since EBT cards?) is talking bitcoin because he's a man on the gritty streets who has scored something questionable with it and the top tiers don't want to even talk about bitcoin in polite company (you can't shut them up about overbought stocks, bonds and real estate) ... it's nothing like the "everybody all-in at the top" talk ... it's just some dumb FUD pablum they are feeding the feeble minded chatterboxes in the lamestream to spread around and keep the masses from stirring. Go long on the shoeshine boy! |
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the Sumerians invented writing. and the same folks in the same area and the same time also invented money. both inventions together made it possible for the first time in history that lots of people -that did not know each other personally- were able to cooperate to form large kingdoms, armies, large scale tax collection, religions, etc. before the Sumerians had invented money and letters/writing people only cooperated with the 100-150 people they personally knew.
I think this proposition is still in contention amongst scholars of monetary history in prehistoric times, so to speak. Since in the times of prehistory we only have proto-writings then we rely only on evidential artifacts of what society was like and what tools that had been invented by then. The Sumerian writings date to around 3,000 BCE but we have the much much older bulla seals used as early as 8,000 BCE. Bullae seals are really the first form of writing, albeit in a pre-hieroglyphic form. It's my theory that the evolution of bullae to inscribed tablets, for more efficient keeping of ledgers, was actually the precursor to writing. Written accounts, i.e. ledger money, was the necessity that invented writing (recording objects and numbers as storage and transfer of value), eventually giving rise to the written word that was then used more broadly for creative measures and historical recordings which came along afterwards as a subsequent invention. tl;dr the invention of money first as Bullae and then as written ledgers had necessarily invented a form of the written word before the Sumerians ... not writing was invented and then written ledgers came along afterwards. |
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Kobayashi hit the Asahi dry followed with saki and fine scotch late into Saturday night ...now he has woken up like a bear with a sore head.
Bitcoin is going to get smacked around like a geisha
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... the interesting part of the trustee GOXing was it took so few coins to accomplish a ~14k drop in price, i.e. 36,000 btc or ~$380 million spread over ~50 days.
The flip side to that being how high/fast BTC price can appreciate when similar sized inflows are experienced.
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Where's it at these days?
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... sticky $10k confirmed
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.... if I was a trading type (i'm not) ... I'd be buying this ugly dip.
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Ok Wall Observer's participants...I have a question for you. I came up with this idea last night and am in the process of implementing it. I have had a general go ahead from tptb to ask what you ..the WO think about it.
As many of you are aware Wall Street has many analytical firms out there that just monitor market sentiment. I thought it would be nice to have one for Bitcoin as well and so came up with the Wall Observer Bull/Bearish Index or WOBBI for short. This index would be comprised of FA, TA, Polling, AI sentiment analysis and proprietary algorithms to generate a daily(hourly, anytime you ping it?) index.
What I am wondering is this a good idea? Would it be something you supported? Do you think this would be positive or a negative for the forum in general and this thread in particular? Would you want to help develop or contribute in some way to this idea?
Discuss please.
Thank you.
tc
... hopefully you just kidding around with this ... it would be worst idea possible. The amount of bullshit spamming and throwawy shitposts in here is already at a high level. Any kind of index would just incentivise more shitposting and bot activity to game your stupid index. |
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No, he has raised the ~45 billion JPY required to cover all claims against the bankruptcy estate of Mt GOX. There wont be anymore selling of GOX coins until they decide what to do with the remaining assets of GOX ... they could all end up going to Mark Karpeles. https://financefeeds.com/mtgoxs-trustee-adds-jpy-42-96-billion-account-balance-bankruptcy-estate/Nobuaki Kobayashi, the bankruptcy trustee of ill-fated Bitcoin exchange MtGox Co., Ltd., has earlier today published an update with regard to his work on the case. The documents were distributed at the tenth creditors’ meeting.
The trustee says that the balance in the account that he has secured as of March 6, 2018, is JPY 44,170,278,921, i.e., an increase of approximately JPY 42,956,000,000 from the time of the 9th creditors’ meeting.
The amount of BTC managed by the bankruptcy estate as of March 5, 2018, is 166,344.35827254 BTC. Currently, the trustee is still investigating the existence of additional BTC held by the bankrupt entity. If any BTC is found, he plans to move them to the address which he manages, and he will keep such BTC there.
The amount of BCC managed by the bankruptcy estate as of March 5, 2018, is 168,177.35927254 BCC. The trustee says that to the best of his knowledge, the cryptocurrencies split from BTC of the bankruptcy estate belong to the bankruptcy estate.
The trustee is conducting investigations into whether any BTC or money in other currencies that were possessed by or under the control of the bankrupt entity have disappeared, and if they have, the events leading to such disappearance by delegating such work to Deloitte Touche Tohmatsu LLC (and its affiliates) and ReEx Accounting Firm, with the assistance of Payward, the supporting company.
He also notes that on July 26, 2017, the U.S. Department of Justice announced that Alexander Vinnik, manager of a cryptocurrency exchange, was arrested and indicted for involvement in money laundering of more than $4 billion. The allegations in the indictment include the fact that he obtained funds by hacking MtGox. The trustee has contacted the U.S. Department of Justice through a U.S. law firm and have made a request for more information.
Any distribution still looms uncertain. According to the trustee, the detailed schedule of the distribution in the bankruptcy proceedings will inevitably be affected, among others, by the possibility of the commencement of civil rehabilitation proceeding and each creditor’s response to the acceptance or rejection of his or her claim. Therefore, at present, the matters such as the possibility of carrying out a distribution and the timing and method thereof have not yet been determined.
The trustee is still considering whether, in the case where a distribution is possible, a distribution should be made in BTC.
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They always seem to manufacture some FUD and a dump right around critical breakout points or to get price back into down trend ... pretty nifty but still shit.
It's easy to see conspiracies everywhere because there are. The stink coming from the fish warehouses in tokyo is pretty ripe that's for sure. The timing of the sell off and the unseemly rush by Chicago to get cash BTC futures operating around the same time in december looks a whole lot like collusion. If the hackers can find evidence Kobayashi has had commuications with Chicago some pretty greedy pigs are going to be the next to learn what Goxxing is really about ... best you keep your noses clean if you want to play in crypto because if the hackers don't dish out some rough justice the spooks will make sure LE gets the dirt ...
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Everyone survived the bearmarket?
I died a little inside. You? I died a little on the inside ... that might explain the smell. |
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 .... anyone wanna take the big ride? |
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Exceptions to rules never work, after much gaming of the system you then need a Director of Exceptions to adjudicate for all the weird and wonderful innovative excuses that are popping up claiming exceptions. Not long after that then you have exemptions to the exceptions just to bring order to the ensuing chaos, so then you have a bureaucrat who is appointed the Director of Exemptions to Exceptions. ... and so on ad infinitum.
... socialism always turns into a clusterfuck, its a tribal thing.
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Is your contact also a Nigerian prince?
No he’s an engineer which makes him more of princess. Be careful before going into such a deal ... Also, you would then be stuck with the currency in question ...  |
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OMG, I just woke up and surprised to see that the topic of guns is still running smooth in here.
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I have gone through the posts on this thread and the posts of of people sounds funny now  There are also a bunch of garbage posts. Honestly, I don't see why it should still be pinned to the top, as an update to the charts to deal with the drifting halving dates seem like they're never ever going to happen. ... the level of idiocy on display is kind of astounding tbh ... maybe it's mostly bots testing latest mods? |
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