Volume surging. Buckle up gents, I have reason to believe it will be a long, choo-choo weekend.
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What the fuck is going on with the mempool ? Good lord.
We have fucking wormsign. For sure this time.
One of us (Jojo?) noted that mempool activity is a decent predictor of price activity. I can't find the post in this huge thread though.
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It's over 9000! No vegeta around here? Must we have pretty pictures on every single page? Uh well, a few curves now and then wouldn't be totally out of place methinks.
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ETFs easier to trade then cryptos. Lmao. For the normies, it might be actually. And for the whale stock traders that want to use 1000X leverage, lol. The issue in my opinion is all crypto ETFs should be crypto (as opposed to fiat) backed.
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ETFs easier to trade then cryptos. Lmao. For the normies, it might be actually.
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Why do we always need to wait for Zerohedge to start posting to know what the reason for the pump is. Are there no "insiders" on here ? No. It's because robo-trading on technicals. "Reason" is made up and completely irrelevant. Agree. It's just a little negative (minus) FUD, which as we know has less impact than positive (actual) FUD, which as we know has relative impact. It smells technical, definitely.
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Who remembers having WO page:btc parity
Easy, my friend. We all do. In due time. Just keep posting
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Business Insider, hm. I wonder if this is a $500 article or a $1000 article. In other terms, has it been paid 0.055 or 0.11 BTC?
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Here we go? 11k in the weekend?
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Imagine the souls that would be crushed if it just dropped below 6K right here.
It just so happens I'm running out of crushed bull soul! By the looks of it, bears gonna have another crack at 8393 Wait long enough, bears gonna have a very good crack at 50k.
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Dood! That is EXACTLY what I was talking about before. Development 101! Test first, then TEST SOME MORE, then pay somebody to hack it for you (if necessary) and THEN release it... This would never have happened with a simple blocksize increase. And the huge Yahoo data hack would never have happened with a simple messenger pigeon stock increase.
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Understand what it is and how it works (in theory). I'm wondering how do I physically utilize those nodes in that picture to my advantage right now? Is there a LN enabled wallet beyond beta stage? I doubt it. I think at the moment it's a matter of lobbying for merchant adoption. Exchanges embracing it would be the best thing to happen, but I don't see it happening without strong user pressure - or possibly competition from decentralized exchanges. Just see what it took for Coinbase to upgrade to segwit and batch transactions!
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(quotes edited for relevance) It's probably just that I know the wrong twentysomethings. I have seen a research highligthing that young adults give much more interest to crypto than traditional stocks so yes you probably don't know the right twentysomething Sounds bullish for the future though. The young'uns I know don't know anything about the stock market, either. I could say that in my personal, small sample of twentysomethings, there's about 2-3 times as much interest for crypto as for traditional stocks. Or 10 times, even.
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Bitcoin grew out of the cypherpunk movement, which started in the 70s-80s. A lot of pioneers of bitcoin came from that movement: Adam Back, Hal Finney, Nick Szabo, probably Satoshi Nakamoto, etc. So, Bitcoin was birthed by a bunch of old guys. Guys who'd been around long enough to not only figure out how elliptic curve cryptography works, but also to draw the necessary lines from/to economy, game theory and all that. Younger people can pull off great discoveries in specific fields - indeed, it's usually younger folks who do that - but large interdisciplinary endeavors are more suited to mature people IMO. I'll also take the opportunity to rant a bit. Out of those four I mentioned, one is AWOL, one is dead, and the other two are fervent supporters of Bitcoin over BCash. Bitcoin is much more closely aligned with the original cypherpunk principles that elevate privacy and decentralization.
It's not even worth discussing. A forkcoin more or less signed into existence by an agreement of a few commercial enterprises and kept alive by a single conglomerate through the use of dubious tactics...
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In my experience. twentysomethings are still too distracted to be seriously into crypto.
Offense taken. I myself introduced a few of my twentysomething friends to crypto. As you said, they didn't put a lot of money into it, but it's something Just my experience, man - don't take it personally. It's probably just that I know the wrong twentysomethings.
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In my experience. twentysomethings are still too distracted to be seriously into crypto. Moreover, they seldom have the financial resources to build any position. The most part of the not so many crypto-aware people I know are thirtysomethings and a couple folks in their forties. All males, over half of them techno-savvy.
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...chained orders...
I have been experimenting with JJG (and jbrher)s chained order strategy on the BTC/ETH pair. Perhaps I am being dense...but I am just not getting it. It goes down, I am buying ETH every 0.001, ok fine, then it goes back up and I am selling ETH at the exact same prices...it looks like a total wash to me. Did I miss something in the explanation? You remove the "other side" order at the point you just filled, otherwise they will cancel out for sure. Example: you have orders each 500$. Sell at 8500 on the way up, but remove "buy at 8500 on the way down". Next you'll buy will be at $8000. Same for the opposite direction, buy at $8000 on the way down, remove "sell at $8000 on the way up". That's why you have a gap between your top buy and your bottom sell that is 2x your base interval. The gap is where the profit is made. Admittedly, in my most comprehensive explanation, I explicitly left the reason for such 'as an exercise for the reader'. Perhaps I should have stated it. Letting the readers figure some details by themselves helps to ensure full assimilation of the material By the way, as opposed to JJG's implementation, so to say, of this system, you do seem to have a ladder of sells/buys already set up, and you do your maintainance by removing debris - that is, orders at the same price but on the opposite side of the one just executed. At least, that is the way I understand it.
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I ain't 'playing victim'. There is a wide gulf from permissionless innovation that you don't happen to care for, and outright lying in order to besmirch character.
I understood the first sentence, but I couldn't make sense of the second. Care to explain? Certainly. MoA stated that I engaged in spamming in order to cripple Bitcoin Segwit. Of course, I have done nothing of the sort. As might be deduced from the fact that MoA was unable to provide a single shred of evidence for such an accusation. Ergo, MoA was lying. Likely in order to besmirch my character. On the other end of the statement, the leveraging of Satoshi client assets by the Bitcoin Cash project is part and parcel of open source. There is nothing untoward nor illegitimate about doing so. This is how open source technology progresses. Ah, now I see what "permissionless innovation that you don't happen to care for" means. The leveraging of open source assets is an intended possibility - a feature, so to say - and totally legit in my opinion, too. Kind of like dogecoin did. However, the naming, marketing and politics around Bcash is highly debatable. Well, that's my opinion anyway.
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Why would anybody give a rat's ass about regulation when decentralized exchanges are on the horizon? For the very first time in history regulators won't be able to dictate their rule upon citizens. Decentralized exchanges need fiat on/offramps too, so they can be choked or leashed by regulation. That's the one issue that still makes me give a ratt's ass. But wouldn't that be peer to peer also? Ie a private person sending money to another private person through Paypal or SEPA or Swish or whatever. Impossible for any bank or government to connect with a selling or buying of crypto. You're correct, Arriemoller. But they've got automatic bank information exchange all over already, so they can at least be leashed by governments threatening banks if they don't playy watchdog on you. Your bank becomes your enemy. Uh, "becomes"?
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The chart I posted shows almost 4x more people are borrowing to bet that BTC will go up compared to people borrowing to bet that the price will go down.
I use this as a measure of sentiment and view it as bullish. But it can also go badly wrong. If the bears can fight against the tide and force the price downwards, they could start a cascade which would force the bulls out of their positions at a loss and trigger a massive price spike downwards.
Elwar brings up a good point, in that the exchange where this data is drawn from (BfX) is forcing corporate accounts to close. Corporate accounts tend to be short bitcoin. So this could just mean the underlying mix of players is changing with no change in sentiment. Hard to evaluate without further information.
That may be true, but compare that to a typical stock. The number of short investors is actually never *greater* than 25%. So by that measure, 25% betting that the price of BTC will go down is actually extremely bearish. But this is crypto. Analogies with the stock market are often misleading and always risky.
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