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6881  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 11:31:50 PM
Roach:  shouldn’t you be off 100:1 shorting on Bitmex?
6882  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 11:19:23 PM
Fuck me.  ATH broken on Gdax. 
6883  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 11:13:34 PM
So was there anyone who said 'fasten your seatbelt' before it actually broke out?

Here we go.gif

That good enough for you?  That was just under 11 hours ago on the basis of solid consolidation just under the Stamp ATH (as it was then).
6884  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 10:32:24 PM
So, i deduce that we are all rich, now ?



I’m a late starter. Give me another year like 2017 and yes.
6885  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 08:50:07 PM
Fuck it.

Moving a small amount of BTC to Gemini.

Will pull the trigger $20k.

Why not ?

$40k incoming.
Confirmed

Sources
6886  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 08:49:36 PM
It would have meant that CME thought that $96,000 per bitcoin within 3 months was a real possibility.  Based on 47% margin and $19k price, they think  $27k bitcoin is a real possibility within 3 months.

Interesting. Can I pay you to keep a Skype channel open to answer all this stuff in the future? My brain isn't what it was after quitting smoking.

I don’t accept USD anymore just BTC  Grin.  In the interim this thread can be our Skype channel.  
6887  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 07:59:40 PM
Sorry this might be bad information.  The only authoritative source I can find says 43 -47% margin.   Carry on.

http://www.cmegroup.com/notices/clearing/2017/12/Chadv17-480.pdf

That's fine. I didn't understand that either.

What would it have meant?

It would have meant that CME thought that $96,000 per bitcoin within 3 months was a real possibility.  Based on 47% margin and $19k price, they think  $27k bitcoin is a real possibility within 3 months.
6888  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 07:56:26 PM
Approaching Gdax ATH $19,697.  Someone hodl me. 
6889  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 07:53:12 PM
CME has just increased their margin requirements for shorts to 500%.  

Edit: for those not fond of math, you need to post $95,000 margin to short one paper bitcoin at $19,000.

Where can we see this?

I understand fuck all about futures but it sounds cool. Or doesn't. I dunno.

Sorry this might be bad information.  The only authoritative source I can find says 43 -47% margin.   Carry on.

http://www.cmegroup.com/notices/clearing/2017/12/Chadv17-480.pdf
6890  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 07:38:03 PM
CME has just increased their margin requirements for shorts to 500%.  

Edit: for those not fond of math, you need to post $95,000 margin to short one paper bitcoin at $19,000.
6891  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 06:11:12 PM
You must be 64 then?  Grin

TBH, I'm not sure how I could live with myself if I burnt through that much fiat in a year, unless it was applied to other investments - Exactly what I'm doing.

Already talked to my advisors and they've created a good plan for me to draw down $xxxk per year over the next decade or so.

Will be starting to move money into the investments in the early New Year ahead of retiring End of Q1 2018. Want to make sure all the money is already working for me a month prior to officially retiring.

Well done. Enjoy it !
6892  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 12:43:26 PM
It's official.

My entire retirement fiat stash until I turn 65 is being funded by this Litecoin pump. Just sold off another $500k chunk last night. ~$1.2M cashed out so far this month. All long-term gains tax rate being paid @ 23.8% to the IRS.

Getting to keep all my BTC until 2020.

Life is good.

I love all you guys.

No homo.

You must be 64 then?  Grin
6893  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 12:38:03 PM
We haven’t quite gotten to $1800 on Stamp.  It’s $17999.90 and still the wrong side of an admittedly small wall. 
6894  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 11:49:55 AM
Here we go.gif
6895  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 06:34:53 AM
Bitcoin Cash Spend Analysis finds Bitcoin Cash at 5.5% of the usage of Bitcoin.  This suggests Bitcoin Cash significantly overvalued at 0.1 BTC.

https://blog.bitmex.com/bitcoin-cash-bch-investment-flow-chart-updates/
6896  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 04:44:39 AM
$17400 is a very boring price range. 
6897  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 16, 2017, 01:35:32 AM
Hmmm.  

Maybe the Lightning Network is already here.  Tether moves millions of dollars cheaply on the Bitcoin blockchain.  Maybe the answer is staring us right in the face all along.  
6898  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2017, 09:35:39 PM
I'm getting pretty tired of all this failure.  

goodgoodletthehateflowthroughyou.png

'All this failure' is the result of giving people what they do not want (because 'we' know better than you what you should want).

The only thing happening on that blockchain is a bunch of trading back and forth. No one uses it, no one cares.

Perfect timing for a good old fashioned weekend pump and dump tho.

The whole house of cards is going to come tumbling down this weekend.
6899  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2017, 08:14:51 PM
Warrant canaries gone from Bitfinex.
6900  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 15, 2017, 07:26:46 PM
That’s one sexy wall at $19k at Bitstamp. 
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