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1181  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 27, 2019, 12:01:43 AM
Last panel of the conference. The ultimate bull case for Bitcoin.

Max Keiser, Tuur DeMeester, and that ol' cowboy Jimmy Song.

1182  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 11:51:47 PM
fuck guys this WO place has gone to the shit ... I come back, only 14 pages to catch up on

- NO train memes .. i mean wtf?!

- NO rocket memes ... blah, w/e

- ONE measly fiddle without strings, basically no carolinas or even a solitary CCMF!!

JJG and bearshit arguing some arcane point

- $2000 drop in under 5 gets a yawn, no pants shitting or crying bitcoins only worth yesterday pic

place has gone to the dogs, honestly, pull your socks up or I'm pissing off.

You sound salty, MoA. Lose your shorts on an early short?
1183  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 11:01:11 PM
WTH happened at Coinbase? I see they are back online now.

Pro never hiccupped. Not for me, anyhoo.

Meanwhile on cryptocurrency subreddit:

-This always happens!!

-Tried to cash in but no luck!!!!

-How convenient! It's almost like they know they can take your money and you have no recourse!!!

My condolences for those who got caught in it. All I can report is my own experience. In this case, pro.coinbase.com user nor affected. I offer no explanation. Maybe just because I was already logged in?

https://www.coindesk.com/coinbase-hit-with-outage-as-bitcoin-price-drops-1-8k-in-15-minutes

They don't say specifically if coinbase pro was affected or not but they do say that " it's internal systems appeared to be functional during that period".....

Not to put a tinfoil hat or anything but robinhood also experienced issues during this period, both coinbase and robinhood are us based exchanges, could it be possible that there are geopolitical forces that don't want or want these outages to restrict a certain market from selling? IDK

Hmmm. All I can report is that I was trading all the way through the underdamped step function. No issues other than cognitive overload trying to keep up.
1184  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 10:59:21 PM
I wonder how those who blamed bitcoin's drop in dominance on blocksize will care to explain its resurgence? 

The transaction backlog is not yet increasing exponentially. When the FOMO starts in earnest, Blockalypse II will be upon us. We'll talk again at that time.

You mean when your buddies get enough moola and resources together to make some kind of feigned (and likely unsuccessful or otherwise expensive) attempt at a spam attack?

Or perhaps the stream blockers and the rest of the north core-ians come up with another "innovation" they want to poke through. Regardless, it's either an attack vector, or a mere point of weakness. Which of the two is kind of immaterial.
1185  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 10:54:25 PM
Is it my imagination or did I just actually read a civil exchange between yogi and JJG?

Of course. You are acting like you are new here, though I know you are not.

You goofball <-- semi obligatory JJG style taunt

No need to worry guys (and gal).

Hold my beer.  I got this.

In other words, looks like jbreher has fallen completely under my spell.

In other words (am I running out of words, yet?), picnic jbreher won't be talking no more BIGBLOCKER, bcash pumping, bitcoin naysaying smack.

J, you ignorant slut.

The fact that there are several things upon which we agree, as well as the fact that we can remain agreeable in the face of our philosophical differences, does not imply that said philosophical differences do not exist.
1186  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 10:46:33 PM
WTH happened at Coinbase? I see they are back online now.

Pro never hiccupped. Not for me, anyhoo.

Meanwhile on cryptocurrency subreddit:

-This always happens!!

-Tried to cash in but no luck!!!!

-How convenient! It's almost like they know they can take your money and you have no recourse!!!

My condolences for those who got caught in it. All I can report is my own experience. In this case, pro.coinbase.com user nor affected. I offer no explanation. Maybe just because I was already logged in?
1187  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 10:12:59 PM
WTH happened at Coinbase? I see they are back online now.

Pro never hiccupped. Not for me, anyhoo.
1188  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 09:40:23 PM
Volatility. Nom nom.
1189  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 08:29:23 PM
This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Merited for making me laugh. I'm borrowing the jbreher rule.

'Make me spew? Get a merit!'

wait.. what ??  giving bogus "doom is going to consume us all" type predictions gets you merits?   Don't give the kid in the store a treat when they are acting bad.   You guys are rewarding bad behavior.

You misread. Award is for hilarity.
1190  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision on: June 26, 2019, 08:20:20 PM
BSV TO BTC  -6%

Go ahead and revel in it. May you enjoy it in peace.

May even continue.

Right up until blockalypse II.

Maybe by August?

The biggest misconception about the blockalypse is that it ever...

The tape tells the tale. In the last FOMO spike, we had soaring average tx wait times and soaring average tx fees. At the exact same time, we had a catastrophic drop in bitcoin market dominance.

Whether or not you wish to think of that as Blockalypse ain't no matter to me.
1191  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 07:04:15 PM
Isn't that indicator total bs? I mean, it's futures right?  Not money being borrowed, but contracts that always have an equal amount of counterparties, if I am not mistaken.

Arthur says: ::wink!:: ::wink::!
1192  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 06:47:40 PM
This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Merited for making me laugh. I'm borrowing the jbreher rule.

'Make me spew? Get a merit!'
1193  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 06:05:18 PM
I wonder how those who blamed bitcoin's drop in dominance on blocksize will care to explain its resurgence? 

The transaction backlog is not yet increasing exponentially. When the FOMO starts in earnest, Blockalypse II will be upon us. We'll talk again at that time.
1194  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 05:52:19 PM
This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Wa-ha! Wo-ho! Proudhon makes a fateful appearance, telling us we r doing it rong.

We can start going up in price now.
1195  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 05:48:32 PM
Wow, 5 min BTC/USD chart looks like an underdamped 2nd-order system response!

Should make some control engineers rich...

If you can work out the time constant...
1196  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 05:46:47 PM
I hate to get you back "on topic" jbreher, but I would like to confess that I made a bit of a orderbook/laddering/incrementalism "screw up."  

I had some sell orders fill in around the $11,950 price area, so I was resetting my buy orders, and the price was around $11,867, but I was setting one of my buy orders to buy back some of my coins in the $11,200 arena, but instead of typing $11,200, I fat fingered it (typed $12,200), and I accidentally bought immediately at $11,867.  

I know it's fashionable to hate on Coinbase 'round these here parts, but Coinbase will not let you make an order that is on the wrong side of the market. Such as buys for more than market nor sells below market. Rather than rounding to market, it just refuses to book the trade. Has kept me from making similar mistakes in the past. Might be worth looking into.

Quote
Edit (21 minutes later):
Problem resolved.  Correction sell order filled.  I reset the correction sell order for $11,982-ish... because there was a little bit of a wall of coins at $11,984, so I wanted to make sure that my orders got filled, instead of getting stuck..... but either way the matter was resolved because the price went up beyond my amounts, and I was able to reset my buy orders back to the original intended amounts

Congrats.

I probably have told my coinbase woes in the past.  Anyhow coinbase was one of my first places to buy bitcoin, and surely I used their trading platform for years too.  About a year ago, those fucktwats froze my account would not really give me any explanation, so in essence I have been kicked off of their platform.  Yes, I am familiar with their fat finger protection algorithm, I had been saved by that a few times too, on that particular platform (in the past).


Is it my imagination or did I just actually read a civil exchange between yogi and JJG?

Of course. You are acting like you are new here, though I know you are not.

You goofball <-- semi obligatory JJG style taunt
1197  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 04:56:13 PM
Second day of bitcoin 2019. Insights from Edward Snowden.



"Privacy is not about having something to hide. Privacy is about having something to protect."

(Paraphrased): the community is focused on creating the next 'First National' [Bank -ed]. We need to be focused on creating the first Post-National Bank'

"The lesson that Satoshi teaches us is that opsec works."

Paraphrasing again: I won't say whether I hold any bitcoin or monero or any other cryptocurrency, but I will say this. The service used to transfer the trove of documents to the news agencies that broke the story were paid for with bitcoin.

Sanding ovation.

Intermission music: Uprising. Muse. Fitting.

Actually quite erudite and insightful. Sorry to reduce many great nuanced points to a handful of bon mots.
1198  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 04:05:47 PM
In other good news (for me at least) I FINALLY managed to get my account back after being hacked in early 2017 ... Definitely good to have my PM's back at the very least!

There's a lesson in there somewhere. All your base are belong to theymos.
1199  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 06:20:13 AM
I hate to get you back "on topic" jbreher, but I would like to confess that I made a bit of a orderbook/laddering/incrementalism "screw up."  

I had some sell orders fill in around the $11,950 price area, so I was resetting my buy orders, and the price was around $11,867, but I was setting one of my buy orders to buy back some of my coins in the $11,200 arena, but instead of typing $11,200, I fat fingered it (typed $12,200), and I accidentally bought immediately at $11,867.  

I know it's fashionable to hate on Coinbase 'round these here parts, but Coinbase will not let you make an order that is on the wrong side of the market. Such as buys for more than market nor sells below market. Rather than rounding to market, it just refuses to book the trade. Has kept me from making similar mistakes in the past. Might be worth looking into.

Quote
Edit (21 minutes later):
Problem resolved.  Correction sell order filled.  I reset the correction sell order for $11,982-ish... because there was a little bit of a wall of coins at $11,984, so I wanted to make sure that my orders got filled, instead of getting stuck..... but either way the matter was resolved because the price went up beyond my amounts, and I was able to reset my buy orders back to the original intended amounts

Congrats.
1200  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 26, 2019, 02:08:48 AM
You think having a botnet of real Bots is a bad idea?

Quite. But also very hard to see how the economic and business models will ever stack up.  



They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy.

But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book.

How could they break even when they are competing against ASICs in data centers?

ASIC resistant blockchains.

No such thing.  Insider only ASIC blockchains yes.

Note the terminology employed. ASIC resistant. Not 'ASIC proof'. There currently exist blockchains upon which GPU mining is profitable.
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