Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[gentlemand]

I'd sell it now. In the long run people will be saying "Taylor who?"

You have a point, but I think it's worth keeping in pride of place in a glass cabinet for a few years yet.

[1714297474]

1714297474

[1714297474]

1714297474

[1714297474]

1714297474

[1714297474]

1714297474

[schizoid]

I'd sell it now. In the long run people will be saying "Taylor who?"

You have a point, but I think it's worth keeping in pride of place in a glass cabinet for a few years yet.

You're probably right. I suck at market timing.

[Fatman3001]

I'd sell it now. In the long run people will be saying "Taylor who?"

You have a point, but I think it's worth keeping in pride of place in a glass cabinet for a few years yet.

What is it with you and poo? You're one of those guys who's actually fapping to "Two Girls, One Cup".

[gentlemand]

You're probably right. I suck at market timing.

I think it's 'peak turd' for at least another 5-10 years. Then she'll start to dabble in scientology, go fat and mad and move to a shack in the wilderness. Her 2039 comeback will be a sensation as she performs remotely from a forest clearing and she'll tragically be eaten by a bear in front of billions of viewers. Then you really make bank.

 

What is it with you and poo? You're one of those guys who's actually fapping to "Two Girls, One Cup".

Maybe. PM me if you have any 'special' offers.

[schizoid]

I'd sell it now. In the long run people will be saying "Taylor who?"

You have a point, but I think it's worth keeping in pride of place in a glass cabinet for a few years yet.

Taylor Swift poop is a scarce commodity.
Pooping at max capacity, there is only so much poop Taylor can create in her lifetime.  If every person on earth wanted to own *just one* mason jar of Taylor's poop, there wouldn't be enough to go around.
Supply and demand, Econ. 101, you figure it out.
CCMF!

PPMF!

[Fatman3001]

You're probably right. I suck at market timing.

I think it's 'peak turd' for at least another 5-10 years. Then she'll start to dabble in scientology, go fat and mad and move to a shack in the wilderness. Her 2039 comeback will be a sensation as she performs remotely from a forest clearing and she'll tragically be eaten by a bear in front of billions of viewers. Then you really make bank.

 

What is it with you and poo? You're one of those guys who's actually fapping to "Two Girls, One Cup".

Maybe. PM me if you have any 'special' offers.

I think fapping to my gravy is more than you can handle.

[Fatman3001]

I'd sell it now. In the long run people will be saying "Taylor who?"

You have a point, but I think it's worth keeping in pride of place in a glass cabinet for a few years yet.

What is it with you and poo? You're one of those guys who's actually fapping to "Two Girls, One Cup".

As if you didn't.  Come now, Bitcoiner, no shame in being an anal retentive.   Delayed gratification, accumulate, accumulate ... and LET IT OUT!  Ahhh...

Give up  lambie. That movie is all you'll never be. You'll always be nr.2.

[schizoid]

I think it's 'peak turd' for at least another 5-10 years. Then she'll start to dabble in scientology, go fat and mad and move to a shack in the wilderness. Her 2039 comeback will be a sensation as she performs remotely from a forest clearing and she'll tragically be eaten by a bear in front of billions of viewers. Then you really make bank.

Get a dated certificate of authenticity now. Turds from her hot years will be worth more.

[billyjoeallen]

This is a special breed of stupidity:

Bitcoin block rewards will eventually become infinitesimal, at that point transaction fees will be the only rewards miners get. Right now transaction fees are around 0.1-0.5 BTC per block, which is nowhere near enough funding to secure the network by itself. We need transaction fees to go up, and the only thing that will force them up is the blocksize limit. Increasing block size might cause fundamental damage to Bitcoin due to this.

Larger blocks with more transactions will have more transaction fees. PLUS the fees become more valuable as  bitcoin increases in price, even if the percentage of the transaction the fee represents gets smaller and smaller. This is because  as bitcoin becomes a more viable alternative to ACH, SWIFT, Western Union, Moneygram, remittances, wire xfers, etc, many more people will keep a small stash of BTC as a hedge against fiat onramp blockage.

Miners do not have to include microtransactions in their blocks, but some do. So large transactions with fees are on average faster. There is a market for speed by design.

Chainbloat is the price we pay for disruptive competitive advantage over legacy systems. It makes us incrementally more vulnerable to some malicious attacks and much LESS vulnerable to others like transaction backlogs. It's a cost of doing business and a ridiculously low one compared to legacy networks' cost of doing business. Successful miners aren't the ones obstructing progress here. It's the inefficient miners and those attempting to subsidize their inefficiency who are.

scale or die.

[dreamspark]

where are the finex walls?

They got eaten. Completely.

Didnt you get the memo?

BFX's liquidity provider just went fuck this shit and pulled all the liquidity right before the big sell off.

There's only one or two big liquidity providers left on BFX, they all moved on after BFX exposed that they were paying 0 trading fees.

Everyone's on OKC now. Don't be surprised if BFX becomes just another stamp like fiat gateway.

[Fatov]

sub 200 by next month? 

Flash dump, but not a stable price

[billyjoeallen]

You cannot use something as a store of value if it is not in fact valuable. If you could I would use my poo as a store of value and be a rich man.

anyone who doesn't see the value of real estate on oldest longest most secure blockchain ledger can talk to my boss who bought worthless Louisiana swampland, developed a fraction of it and is now worth millions.

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

where are the finex walls?

They got eaten. Completely.

Didnt you get the memo?

BFX's liquidity provider just went fuck this shit and pulled all the liquidity right before the big sell off.

There's only one or two big liquidity providers left on BFX, they all moved on after BFX exposed that they were paying 0 trading fees.

Everyone's on OKC now. Don't be surprised if BFX becomes just another stamp like fiat gateway.

If they pulled out, others will move in to out bid me. Or I make bank.
Traders love volatility. Investors don't. I'm both. I ain't worried either way.

[BitChick]

Saw an article this morning.  http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin.  From the article

Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address…

If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million).

So I guess this is bullish news?  Not sure how I feel about making a profit on the heels of extortion though.  

[Elwar]

Saw an article this morning.  http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin.  From the article

Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address…

If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million).

So I guess this is bullish news?  Not sure how I feel about making a profit on the heels of extortion though.  

One of Bitcoin's intrinsic values gets another boost. Try to do that with PayPal.

[Fatman3001]

Saw an article this morning.  http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin.  From the article

Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address…

If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million).

So I guess this is bullish news?  Not sure how I feel about making a profit on the heels of extortion though.  

Lambie is right. We are the slime at the bottom of the barrel.

[billyjoeallen]

Saw an article this morning.  http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin.  From the article

Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address…

If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million).

So I guess this is bullish news?  Not sure how I feel about making a profit on the heels of extortion though.  

I don't understand why blackmail is wrong. If you expose wrongdoing, your'e a hero. If You don't, you are a privacy advocate. If you threaten to be a hero, but get paid to be an advocate instead, you're an...extortionist?


So taking money from wrongdoers is bad even if they give it willingly? it's win-win. The "victims" wouldn't pay if the benefits didn't out weigh the costs to them. If the blackmailer doesn't get paid off, he jest does what is perfectly legal and moral for him to do in the first place: blow the whistle. What gives?

[ssmc2]

If you expect privacy on the internet, you're a fool. The problem is most people don't think about what they put out there until it's too late. If anything, these type of hacks will help people learn how to better keep a low digital footprint. Or not lol.

[dreamspark]

where are the finex walls?

They got eaten. Completely.

Didnt you get the memo?

BFX's liquidity provider just went fuck this shit and pulled all the liquidity right before the big sell off.

There's only one or two big liquidity providers left on BFX, they all moved on after BFX exposed that they were paying 0 trading fees.

Everyone's on OKC now. Don't be surprised if BFX becomes just another stamp like fiat gateway.

If they pulled out, others will move in to out bid me. Or I make bank.
Traders love volatility. Investors don't. I'm both. I ain't worried either way.

You're not a liquidity provider in the sense that I'm talking about, yes traders provide liquidity but exchanges have deals with certain parties to provide serious liquidity on their platforms.  

It's way more complicated than just traders will step in to provide liquidity. Just look at the effect of closing $5mill in longs when Mr MM pulled his liquidity.

You do know BFX had to halt margin calls even though they reached liquidation price due to the lack of liquidity on the bid side and how much the cascading calls would move the market. Trust me I've had multiple conversations with Phil about it.

If they had let the margin calls and sells carry on organically BFX would have eaten the whole of its book during that crash.

"If they pulled out, others will move in to out bid me"

They pulled out, have you seen the order books, $2.6 million moves the market down 50%. There is barely more on BFX's books than stamps and stamp doesn't have 100k BTC in longs hanging over its head.

I know several whales who moved long ago when this 0 fee fiasco happened, nearly all the big traders are on OKC.