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6381  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 05:59:58 AM
I would like to announce the launch of my amazing new platform Meritconnect.

Send your merits to me and I will send you back your merits plus one in 30 days.

Exclusive ground floor referral positions available now!  First come first serve!

Don't miss out on this exciting opportunity to earn merits every day!

I want in on the ground floor.  Can I have my referral code please?

What a great community.
6382  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 05:01:59 AM
this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero Sad

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.

I reciprocated, but I was hoping that someone would give a merit point to Biro Bob, so we could call it teamwork.

I staked 4 merit points with Biro Bob.  Do you think I can trust him?   
6383  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 04:33:30 AM
this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero Sad

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.
6384  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 04:29:19 AM
Hey Roachiepoachie

Quote
Australia's biggest gold refiner, The Perth Mint, is developing its own blockchain-backed gold products as it looks to respond to the threat posed by the rise of bitcoin and other cryptocurrencies.
While Perth Mint chief executive Richard Hayes dismissed the trading frenzy in bitcoin as a bubble that would invariably burst, he told The Australian the underlying blockchain technology behind cryptocurrencies presented an opportunity for the mint to develop new gold products offering greater security and traceability.
Mr Hayes said the rise of bitcoin had contributed to the flow of money out of precious metals over the past year, exacerbating a broader collapse in demand for bullion coins that had hurt the mint's bottom line.

Article not linked as behind paywall

6385  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 03:38:28 AM
6386  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 09:33:13 PM
The TPP is back. 

Fuck these guys.
6387  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 09:15:06 PM
It makes perfect sense.  I despised the gold farmers like most players but there were some who claimed to make a living from it. Not the Chinese, the real money was with uberguild leaders who exit scammed.  

The more I think about it, the more parallels I can see....
6388  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 09:06:43 PM
So in other news, it appears that the moneybadger coalition successfully defended the 9-4RP2 keepstar from the goonswarm/imperium last night in the largest online battle that has yet occurred.  I have not seen a summary of the killboard, but over $1M (real money) worth of virtual equipment was at play in this engagement.

I played eve online far too long. it's more an economy simulalor then space game. Such big battles were pretty boring. it often took hours of waiting before the shooting starts and once it starts, the servers can't keep up with the load and the lag makes playing very annoying.

I loved hanging around in a space station in jita, doing some trades in the biggest market of the game. Trading was my main source of income. Before I left the game many years ago I bought all Thulium I could find for a very low price. Thulium is the rarest moon material but it was useless during this time. Later the developers of the game made an update, the production for some high tech products required thulium, the demand raised and the prices of Thulium mooned.

I think this game taught me alot about trading. I'm still hodling Thulium Smiley

edit: roached?

Interesting.  I never thought about this but the only trading I did before Bitcoin was in World of Warcraft on the Auction House.  It took me awhile but I eventually learned I could earn far more from a quick 15 minutes scooping up underpriced enchanting supplies and reselling than from running around doing daily quests.

The markets were less stable than crypto though !

I would have liked to do Eve but I know that it would take far too much of my time. I have trouble doing things by halves. I expect that’s a trait shared by many people on this thread. 
6389  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 10:44:48 AM
Hash rate is also up significantly.  Could this alone bring down the mem pool?  Happy to have my theories challenged - that’s why I post them. 


unlimited image hosting
6390  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 10:30:20 AM
Either way there is rampant price manipulation.  There is a thread around here somewhere where the OP tells everyone in advance that the market is going to crash on  monday 15th.  Im sure his accuracy was just random hmm.

https://www.reddit.com/r/Bitcoin/comments/7pxg0d/2018_crypto_black_monday/

My theory is slightly different: wall street started loading up on btc once futures were a sure fact, and kept pumping until it established an upward avalanche-momentum when even moms and pops started panic-buying btc above 10K. While the noobs were buying above 10-15K the sharks loaded up on shorts (btc futures are still mostly short), and then, when their target was hit at 20K they pulled the trigger unloading their "physical" btc making out like bandits both because they sold at the top their btc and even more from their futures short bets placed at the top. A perfect controlled demolition, which they will repeat until it works imho, that's why they will let the price pump again after the next futures expiration.

Someone has to take the other side of the short.  How can they be “mostly” short?
6391  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 10:22:44 AM
Something is going on... Bullish signal ?

https://dedi.jochen-hoenicke.de/queue/#2h

The spammer bitches gave up.



 I believe there’s a correlation between price movement and mem pool activity. In this cause the most recent final spike seems to follow the falling price which was looking rather ugly at that time.   The mem pool falls as price stagnates.  

Here we can compare 7 day google trends for bitcoin against mem pool activity. 


imagehost ru

The problem is I don’t think this information tells us anything we don’t already know. Unless we read something rather concerning into the mem pool being empty.

6392  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 08:37:03 AM
14:00 UT  so 06:00 Pacific, 07 for Bob, 09 for Jimbo

Thanks.  Are they free / public at that time?
6393  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 07:16:34 AM
Too much dumb money in crypto. Ratings will move market. Insider trading on ratings will make lots of money. More whale games.  

Edit:   There will be a pre-pump.  What’s pumping now? XRP? Stellar? 

Is it normal for all of Stelllars volume to be on Upbit?  That looks fishy. 
6394  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 07:04:14 AM
Who rates the ratings agencies?

Sorry guys Weiss is a shitbox.

Quote
On June 22, 2006, the Commission instituted settled administrative proceedings against Weiss Research, Inc., Martin Weiss, and Lawrence Edelson (collectively, “Respondents”) for violations of the Investment Advisers Act of 1940 in connection with their operation of an unregistered investment adviser and the production and distribution of materially false and misleading marketing materials.

https://money.stackexchange.com/questions/14570/is-weiss-research-inc-a-legitimate-financial-research-company
6395  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 06:00:54 AM
I have met people at conferences that are running the crypto projects inside banks. They think Ripple is a turd.

If Ripple gets highly rated, then we know the ratings are a sham. If banks are using anything it’s R3 / Corda. Even that seems to be falling out of favour.  I guess Mike Hearn isn’t setting the world on fire after all.

https://www.reuters.com/article/us-jpmorgan-r3/jpmorgan-chase-co-leaves-blockchain-consortium-r3-idUSKBN17T2T4
6396  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 01:58:03 AM
My wife is very happy with me.  Happy wife, happy life.


Edit:   I never knew I wanted a surfing bear.
6397  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2018, 01:40:37 AM
Ok.  They broke me.  My key indicators are pointing downwardsly and I recall 2014 only too vividly.  The thing that has really troubled me is the emptying of the mem pool.  Rightly or wrongly I am interpreting this as sharply reduced activity consistent with the low volume rallies we are seeing with price.

I took some profit out of the market around $13,500 and have done so again. I am working from a zero adjusted cost base and have never before felt so goddam guilty taking profit.  Shitcoins never made me feel like this.

Still hodling a majority of the stack and using a good wedge of the fiat to progressively buy back in as well as ramp up my bear trading activities.  Other portions are allocated for tax payment.  The balance will go into other long term assets including property.

Scenario A is badger bounces and goes straight up from here.  I accept I may be forced to buy back higher but will only do so on retracements.  Scenario B is we continue to grind down.   I will be buying back in increments and doing some fancy stuff on the side and hopefully ending up with a much larger BTC balance soon enough.

I remain very bullish on BTC long term and love lightning but I think we have some short term issues to work through. 
6398  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 11:22:15 PM

Craig Wright
6399  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 11:18:02 PM

Dammit that’s much better than mine.  You win.
na not mine
go on anyway
Knock knock?
who's there?

Satoshi
6400  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 09:31:14 PM

Dammit that’s much better than mine.  You win.
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