A little joke about TA-people:
A policeman sees a drunk man searching for something under a streetlight and asks what the drunk has lost.
He says he lost his keys and they both look under the streetlight together.
After a few minutes the policeman asks if he is sure he lost them here, and the drunk replies, no, and that he lost them in the park.
The policeman asks why he is searching here, and the drunk replies, "this is where the light is."
http://en.wikipedia.org/wiki/Streetlight_effect |
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I'm observing a wall of 504 btc at 240, in bitstamp. (It's wall observer thread, isn't it  ) EDIT: it's 500 sharp now. Not sure why people are selling their coins on bitstamp when they can sell on bitfinex for a higher price. Not to mention that there is more liquidity on bitfinex and their coins would therefore sell much quicker. Maybe they just dont want to help people close their shorts on bitfinex by supplying them with coins  |
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Some large dumps occurred on bitfinex but they were absorbed by the market. Very solid support - much of which may chase the price in the event of an increase. Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.phpSeems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins. |
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Coinbase IS Goldman Sachs - The Vampire Squid on humanities face. Google it.
Goldman Sachs has now invested in circle... |
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Very good news.
After the Goldman Sachs' investment into "Circle", wall street is starting to wake up and realise that bitcoin/blockchain-decentralised-technology-ledgar is the future.
Harnessing this technology for the commercial sector will help their industry as well as increase the utility of the bockchain.
Obviously many of us want bitcoin as a currency to succeed and this kind of positive news strengthens our vision.
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1k shorts closed on bitfinex
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Just waiting for a big buy to scare the sell walls higher. From the flashing they are fake.
why do they even bother? does it actually affect the market price? Would flashing a 6k buy wall counter this? Also what would happen if someone actually bought the wall because the guys internet disconnected or something - and in the meantime price was to rise $10.... |
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fake ask walls on bitfinex between 250-260...
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people trying to close shorts slowly to avoid slippage and a possible bull run.
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BTC-E has become the largest non-Chinese exchange, which is if you think about it quite telling.
Not because they are so awesome, but because they are still left relatively un-scorched.
So you count bitfinex as a chinese exchange? Hong Kong is technically china but its kind of different to the mainland. |
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The problem is, you first have to either have or buy BTC to bypass capital controms with it. To analyze any baseline valuation you have to look at what that means in practice.
or buy mining equipment and pay your electric company |
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3k shorts closed on bitfinex. still 28k left to cover.
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so as the price goes back up more shorts open up.
Does that mean that the BTC supply is artificial and if not for shorters the value of BTC would be much higher?
If that is so then bulls should be thanking bears for keeping BTC prices at such affordable levels.
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Haven't they claimed to having established some sort of connection to a regular broker or exchange over there. Is there anything true about these rumours? Greece, etc... I don't know... The volume happening in Greece seems to be pretty low, still, and I don't see why they would prefer an exchange "nearby" over an exchange in their own country (which apparently is trading on very low volume at the moment, still)
As far as I understand using an exchange like BTC-E may help EU citizens avoid various taxes. Really? But I believe we're merely talking about potential tax evasion, right? I can't see any way to legally save taxes by buying/selling/trading on BTC-e... Also I still think that exchange has quite a dubious reputation. The other day someone was claiming he/she was waiting for funds to be credited for 10 days and the only thing BTC-e's support was apparently saying was "Not today, but maybe tomorrow" or something along those lines. Obviously not legally or else everyone would do it :p Depositing money into their exchange can be risky, it always has been. Their customer support is said to be terrible as well. |
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Haven't they claimed to having established some sort of connection to a regular broker or exchange over there. Is there anything true about these rumours? Greece, etc... I don't know... The volume happening in Greece seems to be pretty low, still, and I don't see why they would prefer an exchange "nearby" over an exchange in their own country (which apparently is trading on very low volume at the moment, still)
As far as I understand using an exchange like BTC-E may help EU citizens avoid various taxes. |
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trezor or case have other attack vectors
Oh, what are their weaknesses? I was not aware that a trezor had any ? I believe people were able to extract private keys by measuring electric noise or something, that's being created by the processor while processing the keys. It really is quite a remarkable method, I don't know how easy it is to apply it, though! Yeah I found the thread: https://bitcointalk.org/index.php?topic=1022815.0Seems like it has been fixed by satoshilabs but the fact that it was possible means that there may be other vulnerabilities. I guess over time hardware wallet companies will improve. |
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Wow much respect for johoe.
He should be hired as a professional tester by BTC hardware wallet companies.
Just curious what Johoe himself uses to store his bitcoins? Hardware wallet? Air-gapped machine? Multisig?
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trezor or case have other attack vectors
Oh, what are their weaknesses? I was not aware that a trezor had any ? |
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