Buy

This is an obvious TLA de-anonymisation project. Cars can't be onion routed. Don't fall for it.

LewisPirenne - I enjoy your posts. Obviously not your first time in a canoe. You're a welcome addition here, I hope you won't let the noisy ones put you off.

So should we think in terms of buying a coffee, or in terms having your own bank your own bit of the BIS in your pocket?

Who could ever have imagined, a few years ago, that the head of the IMF would give a speech that included Bitcoin and SDR in the same sentence?

http://www.trustnodes.com/2017/09/29/bitcoin-might-give-existing-currencies-run-money-says-lagard-might-added-imfs-sdr

This could get serious.

Thanks for putting it together in any case.

I like it as a record of how the line of best fit has changed. As you say, it doesn't change much and it hardly ever points down, and clearly as time passes it will tend to hug the best fit ever more closely - but in retrospect its tangent can be seen as a loose proxy for the market's 'exuberance', irrational or otherwise. Thanks again for your work.

Thanks - I was thinking of your "series2" red line which doesn't seem to have been updated for over three years. I appreciate that it barely murmurs on a daily or even monthly basis, but it does record the changes in the implied angle or 'aim' of the best-fit line and with it the acreage of our fantasy islands.

For an example (of the fun to be had) I still have a bookmark (which I think is from your work, a then best-fit that now needs the crotch taking in a bit):

https://www.wolframalpha.com/input/?i=e+%5E+(+0.006044++(+number+of+days+since+jul+17,+2010+%2Fdays+)+-1.82447+)

Oh how I dreamed of today back then!

Yes, thank you jl2012 for one of the very best and helpful (long-term context providing) threads on this board.

You used to update a graph (as per OP) that, apart from price and regression line, showed the expected price of any day based on the best regression line up to that day. I thought that interesting. If you get the time and inclination, could you perhaps update it again at some point?

TIA

Well indeed. Thats why when the cleverer, richer, stronger people turn up - who can see that and are necessary to help build it - you'll regret trading them the most glittering future for a tawdry game show prize or a used Mercedes.

Some trade is necessary, of course: pizzas and space trips to show that it's functional and redeemable, but they're statements. Being able to resist near-term temptations for long-term gain is what makes us intelligent animals. You don't eat your seeds if you're just peckish.

You guise are taking shiny baubles for Manhattan

GABI and other players sold /went short in anticipation of ETF result. When they've refilled with profit ($930ish?) we'll head up again.

This. Same journey here.

It seems so long ago,
Some of us went long
Gold grew green candles
and was good to everyone

But this is twenty years later, and further, we are placing our chips today for the next ten.

Todays bump helped by another c.2k worth of shorts throwing in the blood-soaked towel on finex.

Still 13.5k praying this is a bulltrap, with maybe 5k outstanding from the 900 ish level.

I think they think they can ride it out till March 12th. Maybe they can.

 

None of the GBP exchanges are integrated into the UK faster payments setup (even if they are technically UK based). If you're going to mess around with the time and cost of wires or some sepa fudge you might as well trade in USD or even EUR and gain on the liquidity. You can't trade on big spreads and low liquidity, a catch 22 that Coinfloor is trying to address (IIRC) with 0% maker fees.

you keep saying this 'naked shorts' - I don't think it means what you think it means.

There are no 'naked' shorts in bitcoin, it comes from a time when there was a gap of some days between trade and settlement, when the very brave could 'sell' without having borrowed the underlying and have a few days to rebuy before the books were reconciled. I don't know of any bitcoin exchange that allows you to sell without owning or borrowing (against collateral that would be called).

I suppose if your tinhat is especially shiny you might think the house itself plays that game...

This China 'clamp down' is this cycle's equivalent of the Silk Road bust.

At the time many thought it was another death (coz illegalz is all wot its good for), but in fact it cleared the decks for new money: people that had been aware but reluctant to get in because of the perceived criminal monoculture. PBOC now doing similar by actually doing their job (not everything is anti-Bitcoin conspiracy) and being seen to protect the next wave of new money that's hovering around, tempted to invest, in Middle Earth.

Applying retail standards to the markets is necessary for the next wave. The unregulated cowboy traders have had their fun, but Granny Shopkeeper would be mad to trust them with her savings. PBOC cleaning out the stables. so we can gallop to a new dawn. Forward comrades!

All in, strapped in.

From soon till the end of the year will epic. See you on the other side...

@oda.krell - Thank you


@NLC / BMB - Well done then, go claim your bonus.

Richy, may I make a suggestion?

In addition to the graphic showing how full the last blocks were, could you perhaps include a measure of the average fee paid (perhaps even denominated in USD) to ensure inclusion in the next block?

This might be a more accurate measure of how (over-/under-) congested the system really is, and perhaps help us move forward a little from this big/small spam/micropayment fight.

We're in danger of being the two guys locked in hand to hand as both plummet over the cliff.

I think it's a way to facilitate OTC trades without paying broker fees. It enables parties who don't necessarily trust each other to exchange without the "you send the money first, no you send the coin first".