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18941  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 09:21:31 PM
The thing is I am not specifically against taxes. I am against the inefficient usage they do with our taxes. Taxes are needed, irresponsible spending of public funds absolutely NOT. That's what we should fight against.... but it is a lost battle unfortunately.

Once you accept that someone can extort money from you -for any reason-, there is no limit to your enslavement.
But if you are fine with it, good for you. Me, I opt out, with any means necessary.

  • Enslaved by paying 20-30% in income taxes
  • Enslaved by spending years in prison

I'll go with option A.



Everyone has pretty much always lived under a mafia boss. The taxes aren't that bad. The regulations that make it so difficult to achieve success are worse and the immigration policy that erodes our culture and the social fabric is worse even still.

I agree. BTW, are you in America? You don't have to answer that.

Yea, I'm American. Crap you narrowed it down from 7 billion to 300 million. That's like 23 times closer to figuring out my identity!

No one is going to have a clue to figure out who you are because you have privacy embedded right into your user name.    Shocked Shocked

18942  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 09:19:13 PM
So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

You notice the Bitcoin.com stickers in the pictures in the article, and sure bitcoin.com is that the "real bitcoin?" Those fucks.
Calm down, son, it's a stock photo.

Of course... it is part of the article, you patronizing fuck wannabe...  Roll Eyes     Cheesy Cheesy Cheesy
18943  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 08:56:29 PM
So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

You notice the Bitcoin.com stickers in the pictures in the article, and sure bitcoin.com is that the "real bitcoin?" Those fucks.
18944  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 07:45:33 PM
One Bcash wallet owned by Bitmain with a staggering 440,000 Bcash in it, that bag gets bigger everyday because nobody is buying that shitcoin. Tongue

It'd probably be a lot bigger if the largest Bitcoin holders (like the WinkleVii for example) would dump all their remaining BCash, but I imagine that some of them just can't be bothered to jump through the hoops.  Tongue

How do we know that Winklvii and some of the other BIG ones have not dumped their Bcash?

Well I guess we don't know that, it would take some sleuthing to know for sure. The WinkleVii claim to have not sold anything and have all their Bitcoin locked up.

But then with a BCash major dump the question is who would buy it? The BCash float is so tiny and thin right now that it couldn't take a major market dump. Not on the scale of what the Bitcoin market can absorb.

I have heard some of the Windlevii claims, and I just don't buy the parts about the locked up bitcoin.  I believe that they can honestly maintain their claim that they have not spent any of their bitcoin, but still move their bitcoin.  It seems that they did use some of their own bitcoin to collateralize petitions that they were making.

I do agree with your point that there are likely some BIG OG Bcash holders out there that currently could pretty much drive the Bcash market into a pretty low price status, if they were to chose to take such action.  It may be wishful thinking to hope for such, and perhaps we are merely going to witness ongoing Bcash bleeding.. and maybe some here and there attempts at pumps.  Unless we witness some pretty calamitous Bcash price dumping, I don't doubt that there are some businesses that might not be gullible enough to take bcash on as a "cheaper bitcoin," which could cause further pumps.

Maybe I am wrong but I have always presumed that the winklevi had some sort of fund (Gemini?) with a substantial part of their BTC so that when people buy "shares" of it it is, effectively, as if they were "selling" (they trade a share of their BTC for FIAT) but without (directly) affecting the market. That's why they plan to also do a Bcash fund, to make some of their coins liquid without having to directly sell.

I think that is something like what I am saying regarding my disbelief about any claims that the winlevii actually have their BTC "locked up"
18945  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 07:43:25 PM
One Bcash wallet owned by Bitmain with a staggering 440,000 Bcash in it, that bag gets bigger everyday because nobody is buying that shitcoin. Tongue

It'd probably be a lot bigger if the largest Bitcoin holders (like the WinkleVii for example) would dump all their remaining BCash, but I imagine that some of them just can't be bothered to jump through the hoops.  Tongue

How do we know that Winklvii and some of the other BIG ones have not dumped their Bcash?

Well I guess we don't know that, it would take some sleuthing to know for sure. The WinkleVii claim to have not sold anything and have all their Bitcoin locked up.

But then with a BCash major dump the question is who would buy it? The BCash float is so tiny and thin right now that it couldn't take a major market dump. Not on the scale of what the Bitcoin market can absorb.

I have heard some of the Windlevii claims, and I just don't buy the parts about the locked up bitcoin.  I believe that they can honestly maintain their claim that they have not spent any of their bitcoin, but still move their bitcoin.  It seems that they did use some of their own bitcoin to collateralize petitions that they were making.

I do agree with your point that there are likely some BIG OG Bcash holders out there that currently could pretty much drive the Bcash market into a pretty low price status, if they were to chose to take such action.  It may be wishful thinking to hope for such, and perhaps we are merely going to witness ongoing Bcash bleeding.. and maybe some here and there attempts at pumps.  Unless we witness some pretty calamitous Bcash price dumping, I don't doubt that there are some businesses that might not be gullible enough to take bcash on as a "cheaper bitcoin," which could cause further pumps.

with bitcoin's volatility, it is difficult to borrow against it (in Winkelevi case); perhaps they used or will use futures.


I am not saying that they actually borrowed against it, but when they filed their various licensing petitions, whether with the exchange or with the ETF or other business branches that they have, they likely used some or part of their bitcoin stash as a form of collateral to show that they could support some of the business liquidity.
18946  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 07:38:01 PM
Things looking a bit brighter today and really refreshing to see people already talking about the future $100K party. *THAT* would be *EPIC*.

I’ll supply the cocaine (not going to say if I’m joking or not due to discretion)

I will provide the hookers (not going to say whether I am really going to be there due to fear of receiving a wedgie).
18947  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 07:27:59 PM
One Bcash wallet owned by Bitmain with a staggering 440,000 Bcash in it, that bag gets bigger everyday because nobody is buying that shitcoin. Tongue

It'd probably be a lot bigger if the largest Bitcoin holders (like the WinkleVii for example) would dump all their remaining BCash, but I imagine that some of them just can't be bothered to jump through the hoops.  Tongue

How do we know that Winklvii and some of the other BIG ones have not dumped their Bcash?

Well I guess we don't know that, it would take some sleuthing to know for sure. The WinkleVii claim to have not sold anything and have all their Bitcoin locked up.

But then with a BCash major dump the question is who would buy it? The BCash float is so tiny and thin right now that it couldn't take a major market dump. Not on the scale of what the Bitcoin market can absorb.

I have heard some of the Windlevii claims, and I just don't buy the parts about the locked up bitcoin.  I believe that they can honestly maintain their claim that they have not spent any of their bitcoin, but still move their bitcoin.  It seems that they did use some of their own bitcoin to collateralize petitions that they were making.

I do agree with your point that there are likely some BIG OG Bcash holders out there that currently could pretty much drive the Bcash market into a pretty low price status, if they were to chose to take such action.  It may be wishful thinking to hope for such, and perhaps we are merely going to witness ongoing Bcash bleeding.. and maybe some here and there attempts at pumps.  Unless we witness some pretty calamitous Bcash price dumping, I don't doubt that there are some businesses that might not be gullible enough to take bcash on as a "cheaper bitcoin," which could cause further pumps.
18948  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 04:50:15 PM
One Bcash wallet owned by Bitmain with a staggering 440,000 Bcash in it, that bag gets bigger everyday because nobody is buying that shitcoin. Tongue

It'd probably be a lot bigger if the largest Bitcoin holders (like the WinkleVii for example) would dump all their remaining BCash, but I imagine that some of them just can't be bothered to jump through the hoops.  Tongue

How do we know that Winklvii and some of the other BIG ones have not dumped their Bcash?
18949  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 05:53:57 AM
Do you realize we were talking about a $100K party?
0.5BTC would be $50K by then.... Quoting for posterity! Smiley

Oh, sheeit. LOL. I must have missed the "$100k Party" part.

$50k of booze in one night ? Is that even possible ? Without anyone dying ?

EDIT: Now, if the devils weed is legally available in Nevada, that could be fun doing $25k of booze and $25k of edibles/veggies.

You are all going to die from overdoses, unless a lot of WO trolls show up to rescue (If they all don't happen to be Notlambchop?)

we have falling lantern, and falling and shroomie and the old timer trolls showing up, but then they end up being the same peeps, so that is when the hiring of actors come in handy.  And, I'm sure Stolfi doesn't drink or smoke, but Adamsgbt  would be more than  willing to have a few.. Of course, chartbuddy and richie_t are the same peeps.  

Surely, after Adam gets drunk and smokes some weed, he is not going to be very pleasant with infofront.  I can see Roachie getting a little clan of haters such as Ibian, explorer and arriemoller together.. just gotta keep matches and bed sheets away from them.  

Terabeara, jbreher and PeterR will be pretty boringly complaining the whole time about the party being too much fun, and that we gotta bring down the fun level a notch or two to be more realistic.  

Probably Jimbo, bitserver and d_eddie will be fighting over the guitars and trying to take over the role of the band.

I'm sure Torque will end up getting arrested for sure, a conspiracy, of course.  

Jojo and v8 will be obsessed with identifying me in order that they will be able to give me a snuggie wedgie, but I am not going to be there, except perhaps I will wire the place in order to be able to watch remotely.. alternatively, I might have binoculars.    Tongue Tongue
18950  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 04:41:57 AM
First one to pass out at the meetup becomes Bob's property for the night.
Is that the only way we get him to buy the drink that he promised each and every one of us?

TBH, if there was ever a WO meetup somewhere in Vegas, and a house is rented, we should contact Endemol or some other company to make a documentary/reality show out of it.

I'll throw at least 0.5 BTC towards the alcohol budget.

I have a feeling it'd probably be a really lame meetup TBH. I'm not a very social person and generally hate most everyone IRL.

I am more likeable online, too.

And, that ain't saying much.   Wink Cheesy
18951  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 04:39:45 AM

Does anyone here have any experience of internet meets? I have a sneaking feeling they'd be fucking horrifying. And for some of the longstanding members there must be people with grudges against them out there, let alone blown opsec with wallet balances being linkable.

I'll send an actor. Or a cat.

Once. I did it once when I was 12 years old. This was pre-internet days; a dial-up BBS meet-up in the 80s.

Wow was that awkward. These guys were NOTHING like I imagined from their online personas. Granted, I was pretty fucking naive.

Some things are just better left imagined.


Yeah well kids act out when they get online because it's the only place they can. I remember that. These days I am what you see, I'll talk about jews in person as easily as here.


Themz R B fightin wurds!!!!


18952  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 03:51:25 AM
First one to pass out at the meetup becomes Bob's property for the night.

Is that the only way we get him to buy the drink that he promised each and every one of us?
18953  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 02:51:17 AM
I just saved all of your lives. You'll thank me some day.

Maaaaan. How did my dad find his way to this forum?

He's a cross dresser too? Can you hook me up?


Yeah... I would be scared to death to meet you lunatic fucks IRL.  




18954  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 02:38:43 AM
If you are a merit source, then your merit page will come up like the below purple highlighted two paragraphs (though not really purple in real life) - noteably the difference in the second paragraph for merit sources:

>>>>>>>>You have received a total of XXXX merit. This is what determines your forum rank. You typically cannot lose this merit. You have XXX sendable merit (sMerit) which you can send to other people. There is no point in hoarding sMerit; keeping it yourself does not benefit you, and we reserve the right to decay unused sMerit in the future.

You are a merit source. The next XXX merit you spend will come from your source rather than your sMerit balance. Merit spent from your source will come back in 30 days. Unused source merit is wasted. It is not allowed for merit sources to sell their merit.
<<<<<<<<<<<<

As you may recall, the merit system activated on January 24, and therefore it was thought that if merit sources spent their smerits, then those smerits would start to replenish into the merit source on about February 23 - however, theymos stated that he had run into some glitch in the way that he had programmed the replenishment of merit source merits - in essence the script or the algorithm was screwed up.  

It appears that theymos fixed that merit source replenishment glitch on about March 5, and replenishment of merit source smerits began again around March 5.

I didn't know about the glitch or any details of merit expiry, interesting stuff.

+1 WOsMerit

(I do have sMerit to give now, but you're a legend and a source, so it really feels like wasting the goods.)

After the merit system implemented, I did venture out there into the forum - outside of the WO thread, and it surely can be a scary place in which I bumped into a few things that maybe are not necessary to know regarding forum politics... - especially when it seems messy enough just to attempt to watch BTC price dynamics and the politics involved with BTC prices.. anyhow, there are a few things in the non-WO that I would not mind unseeing.

Surely personal discretion regarding how anyone spends their smerits, and merits are likely not only going to be used for ranking up since merits may end up displacing credibility aspects of the trust system in the future or establishing higher than Legendary ranks, perhaps?  Also, there can be some value with merits to identify relatively higher quality posts, too, perhaps?
18955  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 02:21:01 AM
[edited out]

Looks to me like a completely centralised shitcoin. They(mos) even fucked up the generation algo.

Surely, there have been a lot of criticisms of whether the merit system has been implemented fairly and whether it is going to achieve various forum objectives including ranking up and encouraging quality participation (contributions). 

I doubt that there would be a desire for complete decentralization the forum or the merit system and you can tell by the limited number of starting merit sources, that theymos does not want a completely decentralized merit system because it seems to be aimed to solve some problems with trolls and spammers and perhaps even to lessen the importance of the trust system.
18956  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 02:02:22 AM
Asking for a friend...

That's another form of the "royal" we....   hahahahaha

Just note to all potential beggars.



I'm kind of thinking that in order for the merit source thingie ma jiggie to work with fewer glitches (especially in the begging arena), there may be a need for theymos to designate nearly one thousand members as merit sources..

Perhaps, theymos is working his way up to that 1000 number.. , but only slowly.. hahahahaha..   He started with 35 merit sources, and currently there are 77.. so could be more and more and more?  There is likely a decent amount of analysis going into how merits are being distributed. and whether the new system is going to allow for both ranking up and disincentivizing spam-like posts...

I have merit available to give. Does that make me a merit source?



If you are a merit source, then your merit page will come up like the below purple highlighted two paragraphs (though not really purple in real life) - noteably the difference in the second paragraph for merit sources:

>>>>>>>>You have received a total of XXXX merit. This is what determines your forum rank. You typically cannot lose this merit. You have XXX sendable merit (sMerit) which you can send to other people. There is no point in hoarding sMerit; keeping it yourself does not benefit you, and we reserve the right to decay unused sMerit in the future.

You are a merit source. The next XXX merit you spend will come from your source rather than your sMerit balance. Merit spent from your source will come back in 30 days. Unused source merit is wasted. It is not allowed for merit sources to sell their merit.
<<<<<<<<<<<<

As you may recall, the merit system activated on January 24, and therefore it was thought that if merit sources spent their smerits, then those smerits would start to replenish into the merit source on about February 23 - however, theymos stated that he had run into some glitch in the way that he had programmed the replenishment of merit source merits - in essence the script or the algorithm was screwed up.  

It appears that theymos fixed that merit source replenishment glitch on about March 5, and replenishment of merit source smerits began again around March 5.
18957  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 01:34:37 AM
Asking for a friend...

That's another form of the "royal" we....   hahahahaha

Just note to all potential beggars.



I'm kind of thinking that in order for the merit source thingie ma jiggie to work with fewer glitches (especially in the begging arena), there may be a need for theymos to designate nearly one thousand members as merit sources..

Perhaps, theymos is working his way up to that 1000 number.. , but only slowly.. hahahahaha..   He started with 35 merit sources, and currently there are 77.. so could be more and more and more?  There is likely a decent amount of analysis going into how merits are being distributed. and whether the new system is going to allow for both ranking up and disincentivizing spam-like posts...
18958  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2018, 01:20:44 AM
Asking for a friend...

That's another form of the "royal" we....   hahahahaha
18959  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2018, 11:50:34 PM
Can't B'awb help you with that?  not sure how that works.

OK. I Merited the OP with 2 points. One from me and one for d_eddie, and just shot d_eddie 4 Merits for... reasons.

We all cool now ?

Am I a fair and benevolent Merit Source ?



Oh my...  Roll Eyes Roll Eyes




 Tongue Tongue
18960  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 15, 2018, 10:47:27 PM
I scalped my way to a comfortably high entry short again.
Come 6k, make me some money. Come 16k, the insurance fee is already written off as a loss.
I will keep nursing it higher (and possibly still a bit smaller).
My play money grew approximately 20% in the process.

For me at least, it's a tough job. I couldn't do this everyday if my life depended on it.
I'm glad I listened to the furry elephants.


Margin trading? How much leverage?

Either d_eddie is referring to margin, or alternatively, he is saying that he sold a certain decent-sized chuck of his BTC upon this recent price rise (which overall is selling on the way down.. but that is o.k. if it makes you more comfortable) in order to increase his available cash by 20% in order to prepare and insure himself for the possibility of additional down (although I find the characterization of insuring for up to be a bit confusing).
I am actually applying the 2J-ladder to a short, that is, I'm selling before I buy.

The 2J in the name is meant to credit the two distinguished gentlemen who recently discussed its details.  Wink


Your characterization is fair enough, because you seem to acknowledge that laddering is not a unique practice, but it is one that jbreher and I have gone on extended tangents to discuss our attempts at systemic ways to employ it.


The short isn't insured for up: it is actually an insurance for the rest of my btc in the case of downie-down. The "insurance fee" I mentioned is the price of blowing my short at the top (while selling off some actual coin on the way up, of course).

O.k.  I think that I understand what you are saying, and there are probably various ways to frame the situation, but in essence if you are holding a decent amount of BTC... let's say 10 BTC, then if the price goes up 2x from $8k to $16k, then you could have sold 50% of your BTC and still be in the same place in terms of financial value.  I don't like to have to rely on that BIG of a price jump in order for things to work out (but yeah we should also prepare for extremes because they do happen in bitcoin, too), so let's say for example that you hold 10 BTC and you hold $8,000.  That would be about 9.1% of your BTC investment in fiat ((10btc x $8k = $80,000)+ $8,000 = $88,000), but you are feeling a bit nervous about downside scenarios, so you decide to double the amount of your available fiat by selling 1BTC, so you then have 9BTC and $16,000, which would be about 18.2% fiat ((9btc x $8k = $72,000)+ $16,000 = $88,000).  In that case, you would have doubled the amount of fiat that you have available to play with, and if the BTC price ends up doubling by going up to $16k - you would thereby have ((9btc x $16k = $144,000)+ $16,000 = $160,000) rather than ((10btc x $16k = $160,000)+ $16,000 = $176,000).  

Taking out insurance for the downside does have a price, but in the end, you may be able to play the situation in such a way that the outcomes end up being close to the same either way, while feeling more comfortable that you are prepared for either direction and you have enough downside price insurance (as you put it).



Quote
Edit:  Fuck... this just ain't my day... d_eddie beat me too it and pretty much blew my whole speculation thesis out of the water by admitting that he is employing margin trading.

Sorry for both things.

- Didn't mean to beat you to it, but you know, I can be quicker because I type less (on the average)  Tongue


Sometimes quicker doesn't work out as well as anticpated.   Tongue




- I am a newbie trader, and I usually don't trade - but this time it's different, the line of mammoths spoke to me in their chilling calling sounds. They smelled a black swan. I got scared.

I admit that it can be a bit of a pain in the ass to attempt to find your comfort zone, and even to experience levels of temptation emotion to deviate.  Furthermore, the market can play out in ways that are a bit beyond expectations and new preparations need to take place to ensure that you remain prepared for either price direction.  

In the last month, I made a couple decently-sized tweaks, and I designed each of my tweaks in order to feel more comfortable for either direction rather than attempting to increase my profits.  And, in November/December, I had to make a couple of decently-sized tweaks, too, because the price was performing more bullishly than anticipated.


Why do you call this scalping, are you taking a bunch of different positions at the same time on margin?
It's just one position, kept short at a semi-consistent size, with slowly growing value (entry point).

I am progressively making the position smaller by buying a tiny bit at a lower price, or making it larger by selling (shorting) a little bit at a higher price. Riding the waves trying to put a handful of froth in my pocket, so to say.

Quote
To me the term scalping means buying selling for really small gains like 1-5%....i could be wrong though

My understanding of the term is the same as yours. I think it fits what I'm doing.

 

That's what I am talking about!!!!!!!

At some point in the near future, we are going to have to refer to the d_eddie ladder-scalping method... a form of tailoring, tweaking and adjusting particular to bitcoinlandia...   Cheesy Cheesy Cheesy
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