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3401  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2018, 11:52:56 AM
For some reason, Forbes refuses to load on all my browsers. It stops at the "consent" page (which doesn't render and stays blank). I turned off Adblock, too. Go figure.

Could you copy/paste at least the most relevant bits?
3402  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2018, 11:47:28 AM
Oh rly? Shit -> Fan?

In other words, pick one.

A. Pre-bull FUD (all your cheepcoinz belongz to uz)
B. Real news, backed by facts
C. FUDNEWZ, partially backed or not 100% accurate
3403  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2018, 12:47:58 AM
On a related note, my gambling BCH short has grown in size and has been repositioned a bit higher. In the green now. I'm tempted to close it, but greed is a thing when I gamble (not when I hedge).
3404  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 01, 2018, 12:29:12 AM
... and irregular, un-barty movement for btc. An interesting week is ahead.
Or, to put it the WO way, "The next week is critical."
3405  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 30, 2018, 02:32:21 PM
the being formerly known as Last of the V8s

I am LA



you may refer to me as LA the Legendary
The precious bits of info you managed to dig out made you a legend already.
Not to mention the very fne ladies portrayed in some of your most memorable posts.
Way to go!
3406  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 30, 2018, 02:29:40 PM
DPRating compiled a rating of centralized crypto-exchanges based on the ratio of trading volume and users to IP.

Y U no Bitstamp?
3407  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 30, 2018, 12:56:15 AM
Tera admittedly had an INTJ personality, which means she would have neither definite female, nor definite male behavior. Well, closer to male, regardless of actual sex. INTJs are analysts with contrarian approach to everything.

I didn't read all of her older posts, but what I have seen during last half-a-hear, was not really bullish or bearish - just an objective analysis based on reality, without any bias.

I really miss her here, as she was one of the most interesting posters (to me at least), with fresh and independent approach to things. Without a contrarian its too easy for a group/thread to be deluded.
If she reads this (which I strongly doubt) I would ask to come back (if that doesn't make her health issues worse, of course).
+1
3408  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 30, 2018, 12:53:08 AM
Here's a recent interview with a interesting character: https://breakermag.com/john-mcafee-is-73-very-stoned-and-running-for-president/
I'd love to see him debate the Donald, or the FBI. I really hope he runs for president. Of course he doesn't stand a chance - and he's smart enough to say it aloud and repeatedly, but can you imagine the fun?
3409  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2018, 03:57:08 PM
Price has no clue anymore whatsoever. Traders be out and just watch what will happen.
Agreed. Let's have a pint on the sidelines.

its saturday what where you thinking ?? haha

ok maybe not a pint , but some alcohols and food for sure ....... let it be itallian this evening  Grin
Have fun man, and don't forget to share the menu! Wink
3410  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2018, 02:58:26 PM
Price has no clue anymore whatsoever. Traders be out and just watch what will happen.
Agreed. Let's have a pint on the sidelines.
3411  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2018, 02:34:06 PM
I wasn't expecting this low volume sideways on this particular weekend. Was it just a fake movement in the pre-weekend? Hm, but not all futures have expired. Wait and see...
3412  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 28, 2018, 09:40:56 AM

I'm thinking this whole Bitmain IPO document is a complete fabrication.

Why? Because if they really did make that much net revenue in half a year's time, then they'd never have a need to take the company public.

Period.
Unless that figure is 90% bcash.

Bloomberg (https://www.bloomberg.com/view/articles/2018-09-27/bitmain-s-prospectus-reveals-a-lot-about-bitcoin-s-wild-ride?srnd=premium-europe) says
Quote
Bitmain holds twice as much cryptocurrency as it does fiat
And I suspect that it's even more than 66/33. Why? Because 90% of 2018 income was hardware sales, most of which likely payed in bcash. The exact published figures can be adjusted by slightly cooking the books.
3413  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 07:48:22 PM
This is a little off topic question. But I ask anyway.

Are most or all cloud mining services like https://iqmining.com/ scams? The one year payback time sounds too good.
They are. My advice is do not thouch.
3414  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 06:03:45 PM
We should make a list of dates for the BCH dump. Or a poll.


October 1 2018 at midnight China time.


Please pick one choice only.

A. You're too cynical!

B. I think so too.
3415  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 04:57:23 PM
The fuck does their Ipo have to do with a huge reliance on a complete shitcoin that can bankrupt them? Call me confused.

Bitmain has been bcash's life support from the beginning, and they started to run out of bitcoins to support bcash. Going IPO means they're raising more capital, which they'd undoubtfully burn to continue propping up bcash.
I don't know any details about the IPO, but I guess the new stakeholders won't be happy to burn fiat to save bcash. If I were old money, I wouldn't put any "real" old money (fiat) into an enterprise without being granted a reasonable degree of control.

The current bcash pump is just to pump up Bitmain's Q3 balance sheet IMO.
As Hairy too suggested. And I agree. They can't even hint at burning money to pump bcash long term. Their investors wouldn't like it a single bit.

Furthermore, if I were an investor considering the IPO, one question I would ask would be about their supposedly valuable crypto reserves. How much of that is bcash? If I were an investor who's got a clue, I mean.
3416  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 02:07:45 PM
Looks like we're going down to $6450. Then back up to $6525. Then down to $6460. And up to $6515...and on and on...
What we're mostly concentrating on right now is: what happens once top meets bottom? Where do we break out to?
3417  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 11:47:16 AM
Interesting piece, less generic than the usual MSM article about crypto.

Quote
1. While Wu Jihan is the most famous name at Bitmain, co-founder Zhen Ketuan has a larger stake.
I didn't know that.


Quote
4. Bitmain has been active with deals since June. Its purchase of a stake in Opera Ltd. values the maker of web browsers at $1.67 billion, making yet another unicorn.
I'd read about this only a few days ago. Opera used to be an innovative company. Their browser was arguably the best - surely the quickest and leanest of them all, fully customizable, and if I'm not mistaken, the first to feature browsing tabs in the early 2000's. However, they couldn't sustain developing their own rendering engine and dropped it for Google's, so now it's just a Chromium browser - and not the best of the pack.

Quote
7. Last week I predicted that Bitmain’s high exposure to a very unstable industry could see heavy writedowns. That’s exactly what happened in the first half, hitting profits heavily.
Biggest Loser

Bitmain regularly loses money from its management of inventories and other balance sheet items. The first half of 2018 was particularly painful.
They will have to keep on delaying deliveries of new miners and enjoy their ius primae noctis to capitalize on mining advantage. If I were a customer pre-ordering mining equipment, I'd be very, very wary, even more so than before.

Quote
Perhaps Bitmain’s biggest risk is its high holding of cryptocurrency, which far eclipses the company’s pile of fiat cash.
Crypto Heavy

Bitmain holds twice as much cryptocurrency as it does fiat.
The article doesn't detail how much of that is bitcoin and how much is bcash. I think it's an important piece of information.

Quote
10. Taking such a large portion of its payments in cryptocurrency also has a big impact on its cashflow statement.
Old corporate money shouldn't like this too much. Free cash flow is too good to give up for magic internet money, especially if it's an altcoin. This might be the reason Bitmain stopped the "bcash only" policy for payments.
3418  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 11:29:16 AM
Do you guys like Deribit? I only just got into it but the interface is so confusing. I can't set the leverage? Is it always on 100x? Someone explain cross margin and sub accounts to me.
I have never used Deribit, so I don't know about sub accounts. The term "cross margin" usually refers to the fact that your margin (deposited funds) is shared among all open positions, so the actual effective leverage depends on your total margin amount and the total size of all your positions - basically, total_positions/total_margin.
3419  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2018, 09:01:51 AM
The fuck does their Ipo have to do with a huge reliance on a complete shitcoin that can bankrupt them? Call me confused.

Bitmain has been bcash's life support from the beginning, and they started to run out of bitcoins to support bcash. Going IPO means they're raising more capital, which they'd undoubtfully burn to continue propping up bcash.
I don't know any details about the IPO, but I guess the new stakeholders won't be happy to burn fiat to save bcash. If I were old money, I wouldn't put any "real" old money (fiat) into an enterprise without being granted a reasonable degree of control.
3420  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 26, 2018, 10:44:12 PM
I'm also in (slight) profit, but getting out would be rushing it for me. I'm still trying to build the short up one bite at a time.

EDIT My timing this round was just lucky. As soon as I closed the BTC hedging short, she got up a little. I didn't reopen it, but I replaced it with a short on BCH. Not of the hedging type, though... Smiley
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