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821  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2018, 10:35:17 PM
What has to happen happens, who cares? If the rollercoaster is going to crash, then it's going to crash, better have fun while the end is coming Smiley Life's for living, not overthinking what will come and calculating everything 30 years ahead. Live in the fucking moment.

There's a balance to be met between carpe diem and preparedness for the future. One is like a heart without a brain, and the other a brain without a heart.

I don't mean one should destroy themselves while waiting for the doom, but saving everything for the future seems just plain wrong. Obviously you have to think about the future, as the world is not going to end any time soon, but you should live your life to the fullest as anything can happen in any moment. A car crash, a plane crash, you fall through the ice in winter and drown or a meteor hits your head. Who knows Cheesy Too many "smart" people think only of the future and forget about the present.
Sure, but I wouldn't let an event as unlikely as a car crash or a meteor impact stop me from making sure that I'll live a wealthy life tomorrow, just so I can get a little bit more fucked up right now.
822  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2018, 06:48:31 PM
What has to happen happens, who cares? If the rollercoaster is going to crash, then it's going to crash, better have fun while the end is coming Smiley Life's for living, not overthinking what will come and calculating everything 30 years ahead. Live in the fucking moment.
You can "live in the moment" and plan ahead at the same time. Either extreme on its own is probably bad.
823  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2018, 01:47:25 AM
Anyone know how safe these things are? E.g. could somebody fuck with your transactions by hijacking the signal before it gets to its destination and then altering the receiving address? Wouldn't mind one of these toys, but not sure how hot a wallet would be.
824  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2018, 12:18:57 AM
Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/

Quote
South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading

India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges

Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike

Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation


This is what Bitcoin is all about.  Not Wall Street.  About giving people under oppressive regimes a financial escape route.  Best post this week.  
Especially coupled with the satellite streamed blockchain.
825  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2018, 09:32:58 PM
At Premier League's game between Brighton and Arsenal today :



eToro adverts seem to be appearing on most premier league fixtures, have done for a while now.
People who are into football often are into gambling on the match outcomes. eToro seems to cater to the same demographic.
826  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2018, 09:08:48 PM
Interesting alchemy..

http://advances.sciencemag.org/content/4/12/eaau3275

Quote
Abstract

The control of product distribution in a multistep catalytic selective hydrogenation reaction is challenging. For instance, the deep hydrogenation of dimethyl oxalate (DMO) is inclined to proceed over Cu/SiO2 catalysts because of inevitable coexistence of Cu+ and Cu0, leading to hard acquisition of the preliminary hydrogenation product, methyl glycolate (MG). Here, the oriented DMO hydrogenation into MG is achieved over the sputtering (SP) Cu/SiO2 catalysts with a selectivity of more than 87% via freezing Cu in a zero-valence state. Our density functional theory calculation results revealed that Cu0 is the active site of the preliminary hydrogenation step, selectively converting DMO to MG via •H addition, while Cu+ is a key factor for deep hydrogenation. The prominent Coster-Kronig transition enhancement is observed over SP-Cu/SiO2 from Auger spectra, indicating that the electron density of inner shells in Cu atoms is enhanced by high-energy argon plasma bombardment during the SP process. Thus, the “penetration effect” of outermost electrons could also be enhanced, making these Cu nanoparticles exhibit high oxidation resistance ability and present noble metal–like behaviors as Au or Ag. Therefore, the regulation of Cu chemical properties by changing the electron structure is a feasible strategy to control the hydrogenation products, inspiring the rational design of selective hydrogenation catalysts.

tl;dr  While not exactly transmutation of copper to gold it is pretty damn close and might have a profound impact on industrial usage down the road.
Physics is why I'm staying the fuck out of "precious metals", period. Anything that can be physically produced has a high chance of seeing its production cost dwindle down this century. Too much crap going on that is directly and indirectly going to drive synthesis costs down.
827  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2018, 02:55:33 AM
XRP: 2025 (transcendence)

Will the devs have finished dumping their premine by then?

No.  The order books would never cope.
XRP Cash SV Reloaded ThisTimeForReal V2.0 will come out that year.
828  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2018, 11:25:56 PM


When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...

Not sure I understand your question : the answer seems self evident :

There is trading constantly on multiple exchanges 24/7, every second of the day. The alt prices (on coinmarket cap or whatever) are based on 'last trade' for a number of exchanges. The trade is in BTC, that is converted to $$ in the quote. If BTC $ price changes, then so must the alt $ price, even if there is no further trade.

If a bid/offer is hit then the BTC price changes as well.

i appreciate the explanation, and it seems fair in regards to $$ value, but thats not what i meant, and thats also the part i dont understand.

When bitcoin makes a pump or a dump, the alt varies in BTCprice as well, and thats strange to me. (as your explanation (as far as i understand) states the $$ price must go up and down seems logic as the BTC value varies in $$ value. That makes sense. But why does the BTC value of the alt change so much as well?? Thats double... For instance: when BTC takes a drop of 10% in $$ value, the ALT makes adrop of 10% in $$value (logic), AND a drop of 10% in BTC value as well (unlogic),  makes a total devaluation of that coin of 20%..)


The user BTCMILLIONAIRE explained what could be the cause: When it is clear the BTC is in a downtrend you could get profits by shorting altcoins for fiat:


Furthermore, if there's any indicator that Bitcoin will be tanking it would be fairly easy to short alts for fiat and then rebuy alts at a cheaper per BTC rate with cheaper Bitcoins (obviously comes with elevated risks).

Basically, Bitcoin down = make double the money by shorting shitcoins. So the connection between futures tanking Bitcoin and altcoins tanking even more is crystal clear once you crunch the numbers.

Would merit for attentiveness, but ran out meriting the Mic whisky taster set.

Then i share Some with you... to send one in your name
BOB was very generous

Thx Bob you certainly help me out with sending ability’s (as many more do as well)
Thx a lot but i Will not hoard them .... just keep spreading them in Fun, good, appropriate post etc

3800ish a good candleMIC closing for this evening

A pump would be Nice (especialy this week when we have our run up to newyear)





Best thread on BTCT. Also merry Christmas.

Edit: Oh, Boblawbraw ninja'd me some merits as well. Thanks!
829  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2018, 07:25:09 PM
Not gonna lie, wish I had come up with that hat first. It's the perfect WO hat.
830  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2018, 07:08:22 PM


When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...

Not sure I understand your question : the answer seems self evident :

There is trading constantly on multiple exchanges 24/7, every second of the day. The alt prices (on coinmarket cap or whatever) are based on 'last trade' for a number of exchanges. The trade is in BTC, that is converted to $$ in the quote. If BTC $ price changes, then so must the alt $ price, even if there is no further trade.

If a bid/offer is hit then the BTC price changes as well.

i appreciate the explanation, and it seems fair in regards to $$ value, but thats not what i meant, and thats also the part i dont understand.

When bitcoin makes a pump or a dump, the alt varies in BTCprice as well, and thats strange to me. (as your explanation (as far as i understand) states the $$ price must go up and down seems logic as the BTC value varies in $$ value. That makes sense. But why does the BTC value of the alt change so much as well?? Thats double... For instance: when BTC takes a drop of 10% in $$ value, the ALT makes adrop of 10% in $$value (logic), AND a drop of 10% in BTC value as well (unlogic),  makes a total devaluation of that coin of 20%..)


The user BTCMILLIONAIRE explained what could be the cause: When it is clear the BTC is in a downtrend you could get profits by shorting altcoins for fiat:


Furthermore, if there's any indicator that Bitcoin will be tanking it would be fairly easy to short alts for fiat and then rebuy alts at a cheaper per BTC rate with cheaper Bitcoins (obviously comes with elevated risks).

Basically, Bitcoin down = make double the money by shorting shitcoins. So the connection between futures tanking Bitcoin and altcoins tanking even more is crystal clear once you crunch the numbers.

Would merit for attentiveness, but ran out meriting the Mic whisky taster set.
831  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2018, 08:37:43 PM
#metoo
832  Economy / Collectibles / Re: [Auction] 2018 Kialara Hydra Suite 02/21 on: December 24, 2018, 12:55:10 AM
1.1

Hey birdman, don't be greedy, you already won a set!  Grin

1.25

Invalid bid, minimum increment is 0.1 BTC Grin.

I bid 1.3 BTC.
0.15 > 0.1

thus your bid was 0.05 short Tongue


Edit: Never mind, doesn't actually say minimum increment in the OP but defines increments as 0.1 steps.
833  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2018, 01:32:21 AM
BTW, if you guys are looking for a great site to extract images for meme material, check this shit out.

https://www.remove.bg/

Saw it on Twitter a couple days back. Some machine-learning app type thing that takes an image, and erases the background, only leaving the human behind.

It's how I extracted Mr. Sutherland for the Photoshop work.

It's fucking sorcery. Sheeeit !

Nice man

Gonna check it out tomorroW

Have a few beers and buy Some coin Wink
Bow to the new overlords.
834  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2018, 06:56:56 PM
Warning:

Movement HODLERS if you do not have your private keys you do not have Bitcoin, Trace Mayer [Jan / 3➞₿ 🔑∎] want the day January 3 2019 to be an annual celebration to declare the monetary sovereignty with the withdrawal of all the BTC from the exchanges.

Proof of Keys on Jan. 3 Gains Traction

https://twitter.com/TraceMayer/status/1071870548421066753?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1071870548421066753&ref_url=https%3A%2F%2Fethereumworldnews.com%2Fbtc-withdraw-bitcoin-exchanges-proof-of-keys%2F

https://news.bitcoin.com/support-grows-for-bitcoin-proof-of-keys-on-jan-3/

https://bitcoinexchangeguide.com/bitcoins-proof-of-keys-protocol-continues-to-gain-support-honoring-btcs-10th-anniversary-jan-3-%F0%9F%94%91/

If it is fulfilled, it will be a tough Stress Test for exchanges.
The problem may be in exchanges that are not solvent or those that manipulate the books.

What do you think about this?

Will collapse bitcoin transactions if there is an exchange that does not have its bitcoins for the withdrawal of its clients?


Dumb for two reasons.

1. Clogs the network.

2. Cold storage. Most coins are in cold storage because people don't just randomly withdraw all coins simultaneously. So withdrawing all at once will be simply impossible because of the security measures in place that protect customers of exchanges.

In short, this looks like an attempt at a FUD attack. "OMG look these exchanges can't instantly withdraw all coins" and/or "omg look at how the BTC network crashed".
835  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2018, 03:35:01 PM
I don't see it. And not only because the transaction details on the bank account only show the lump sum paid for groceries with no details regarding individual items.

But those details are in the store's database, and when it gets hacked and sold, it then gets connected with your bank details. Bingo, all is known.
A scenario in which I'd have to worry about anyone knowing about what I bought at what time combined with somebody hacking the database and leaking it to my unlikely enemy in an already unlikely scenario is so infinitesimally likely that I still don't see the point for any practical intent. Seems much more sensible to be worried about talking around your phone and even that would be at the very least edging on tinfoil.
836  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2018, 03:13:44 PM
Fuck.

It's unlikely the CFTC will act in time for ICE to launch Bakkt as planned on Jan. 24, CoinDesk has learned.

https://twitter.com/coindesk/status/1076285284654989313
The new 'China bans Bitcorn'?
837  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2018, 03:06:07 PM
Fundamentals of BTC can not be properly quantified right now, hence a market without "obvious" fundamentals.
Huh?  Why does it matter?  I recall taking courses in economics, and I would frequently criticize some of the theories for attempting to place too much quantification on various aspects of human behaviors, but it does not hurt to make attempts and in the end, some people are going to be better (and more accurate) at such quantifications than others, even while there are going to be areas of uncertainties and even, perhaps, misplaced concreteness.


In stocks you can calculate (or just read) almost all the data you need to project revenue and profits and thus a band for your ROI.

Of course, the longer the history and the more mature (and even comparable) the asset class is going to cause predictive models to be more accurate.


With crypto this is completely and utterly impossible right now.

Never say never.

You seems to be creating more futility than is warranted with your statement of absolutisms, here.


Which is also why the market is doing its usual technicals driven ups and downs with no obvious walls given by fundamental analysis.

Huh?  You are losing me.

From my understanding, our current BTC price dynamics is experiencing a considerable amount of price battle, which is demonstrated by recent increases in trade volume (measured in dollars), so there is a price battle going on and we will find out which way the price goes from such battle.  Does not seem to be different from the usual bitcoin situation, and many folks who watch the bitcoin space are going to understand that it becomes much more difficult for any small group to manipulate BTC prices when trade volumes are high.  In other words, it is going to cost a lot of fucking money (or value) to manipulate BTC prices during times like these (high trade volume) times, yet such high costs of manipulation and push also can have some potential for considerable profits for one side or the other to experience considerable gains if such side can get the BTC price to break into their preferred direction.

So there is frequently uncertainty regarding which way such price battle is going to play out including the current price battle, but that does not mean that there are not tools that peeps have in order to attempt to predict both the direction outcome and the degree in which it will break, assuming that it breaks (which is also not certain, because it could just end up going sideways and the battle reaches a truce, which seems like the lesser of the likely outcomes during periods in which the trade volume picks up like it currently has picked up).
Economics is a joke that has, in its current form, no place at institutions of higher education.



You're conflating two things here. More below.



With no word have I said 'never'. I specifically pointed to the current state of crypto, which makes fundamental analysis (beyond mining cost) completely impossible. Hence, no obvious fundamental value that can give you any idea of where we are currently standing.



As said, you're conflating all of my post with the chart drawing you see most of in these places (crypto). The chart drawing and analysis is part of a branch called technical analysis. It tries to identify trends and shifts in market psychology.
What I was talking about is fundamental analysis, which is much more objective (to the point of accuracy of data) as it analyses underlying assets, costs, profits, revenue as well as risk and opportunity premiums and so on of a business.
Thus, fundamental analysis gives you an objective value of a company, around which the stock price fluctuates.

Technical analysis tries to quantify the fluctuations (stemming from market psychology and the implied trader behaviour).

Bitcoin's price stands almost exclusively on the emotional and speculative leg of technical analysis right now, and that won't change until we get to a scenario where "Y proportion of X market" is traded against BTC. This is also why Bitcoin went from 20k to 3k. Because technicals pointed towards that being the likely outcome (note that nothing will ever give you the exact numbers without).
If Bitcoin could be assigned a fundamental value of $10k we would've most likely not seen a significant drop below $10k, as FOMO would kick in and revert the price towards its fundamental value. Similarly, it would retrace from $30k to $20k if the latter was its fundamental value, as people would sell in order to buy back at a price closer to the "real" value.
Technical indicators give you a confidence interval for the deviation from the fundamental value as well as the speed of convergence towards it. But since that doesn't exist in Bitcoin, a quasi-fundamental value is given mostly by mining price + moving averages (technicals). Hence, it doesn't matter if Bitcoin is more "mature" until a fundamental value is near universally agreed upon by global markets and easily identifiable. It'll keep trading more or less the same until then.

P.S. The 'battle' is mostly just trading based on technicals with some people getting caught in between and making up narratives that fit the current market. Hence the odd timing of news stories and whatnot. They push trades implied by fundamentals over the edge so to speak.
838  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2018, 11:23:47 PM
Been wondering how they could donate to any and every site. Guess that's how.
839  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2018, 11:22:34 PM
bitcoin will remain at 4000 for the year, but top-10 altcoins will grow due to oversold, BCH especially. In 2015, bitcoin was 200 all year, and litecoin grew from 1.3 to 8


We are not in 2015 anymore, Dorothy.  
Sure, but markets without obvious fundamentals trade the same. The absolute numbers are irrelevant here.

Do you believe that fundamentals of BTC and market dynamics are similar to early 2015?  Do you believe that charts match up, and so we are going to experience similar dynamics in early 2019 as we saw in early 2015?  

Sure, it is possible, but how much weight are you going to give to such a scenario?  How much you going to bet on such a scenario to play out?  Personally, I would not bet much on that, and even betting anywhere close to 50% on such a scenario playing out seems quite imprudent to me, but hey, to each their own.

By the way, I am not suggesting that Bitcoin does not have a fairly heavy burden to get back above $6k and to stay above $6k, I am just questioning the likelihood of painting either doom and gloom scenarios or flat price scenarios for BTC that drag out a long time based on prior charts and attempting to place a lot of credence in previous patterns.
Fundamentals of BTC can not be properly quantified right now, hence a market without "obvious" fundamentals.

In stocks you can calculate (or just read) almost all the data you need to project revenue and profits and thus a band for your ROI.
With crypto this is completely and utterly impossible right now. Which is also why the market is doing its usual technicals driven ups and downs with no obvious walls given by fundamental analysis.
840  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2018, 10:50:16 PM
bitcoin will remain at 4000 for the year, but top-10 altcoins will grow due to oversold, BCH especially. In 2015, bitcoin was 200 all year, and litecoin grew from 1.3 to 8


We are not in 2015 anymore, Dorothy. 
Sure, but markets without obvious fundamentals trade the same. The absolute numbers are irrelevant here.
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