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

[Norway]

has anyone seen this?

http://www.pressexaminer.com/bitcoin-might-face-a-new-challenge-in-two-days-from-now/73854

Yes.
I.
now that you posted the link.

TLDR, ELI5: It's about the upcoming nuclear attack / stress test. Nothing new. (Unless you haven't heard about it yet.)

[1714634590]

1714634590

[1714634590]

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[HerrAndreas]

Is it still time to hire some strippers (of both sexes, of course) for that kumbaya session devs are having in Canada?

Nerd egos are stubborn things, might be a good idea to soften up the mood. Make 'em mellow.

Still time? The Backpage-situation graduated all the exotic dancers in Bitcoin 101. International payments to Canada to these entrepeneurs only take seconds / minutes (depending on of much they trust zero confirmations).

And they start saturday! Plenty of time! Let's feed those bras with digital cash!  

Hopefully, on monday you all will understand that scaling is not a big problem. Because all miners/nodes/pools/whatever do NOT need to confirm every bleeping transaction. The computer work can be easily shared. The big work isn't processing transactions. It's mining.  

I suspect backpagers buy the majority of my coins on bitquick.co.  it's nice because I can arbitrage the spread and buy back immediately at a lower rate on an exchange, but of course I'm really just selling my risk of getting my bank account seized in the event that some bureaucrat somewhere decides it's money laundering and retroactively applies the decision to me. So I have to constantly drain the account to minimize the risk. I also have to buy back in immediately to minimize the exchange rate risk because the most buyers come in during an uptrend.  A five dollar bump in three hours can wipe out any profit.

buying gas cards on purse.io is similarly problematic. I get a ~20% discount on the card, but I have to exchange the gamestop card for a shell card at a brick-and-mortar store which takes time and money, THEN I can only buy fuel at Shell stations which typically overcharge ~5% for fuel.

Once I have enough profit to cover living expenses, I crank up the premium I ask for on bitquick and crank up the discount I demand on purse.io.  If nobody bites, it's no big deal. If they do, that's less work for me in the future.

Arbitraging is the only way I know to make profits without burning through my stack, except of course lending out coins on bfx but the vig is still pretty low. For bigger profits that that, one must OBSERVE THE WALL and get lucky.

I feel with you.
I am right now starting to get out of arbitraging.
Have been doing this since late 2013 for a living.
If you you allow for my directness, but maybe you should consider having a plan "B".

Arbitraging has not only now become the same armsrace as has mining, but also the possible profits are limited and with adoption there are simply too many participants to make more than pocketmoney.
Not speaking of frozen fiatfunds and several banks shutting their door in you face (been there, done that) and sending your money to Lithunania and ofcourse Estonia (Panama City anyone ).
Strangers keeping your funds for no good reason, but that they unfortunately bought a ferrari before real profits actually did come in.

magic gathering, pireat et al. anyone?
[what ever became of "catpay" by Ullus Corp, who alsao ran hitbtc who at some point exchanged fiat on your account there for new AML rules? .....]
Ever did an irl deal worth more than 10 BTC with a complete stranger in a subway station?

dont fuck with the taxman.
dont fuck with morals.

and most importantly:
dont fuck with common sense.

best,

dha.

[BitofaN1]

has anyone seen this?

http://www.pressexaminer.com/bitcoin-might-face-a-new-challenge-in-two-days-from-now/73854

Yes.
I.
now that you posted the link.

TLDR, ELI5: It's about the upcoming nuclear attack / stress test. Nothing new. (Unless you haven't heard about it yet.)

Is everyone gonna sell because of this? I mean, even if it's gonna create a few days worth of backlog many will panic, me thinks.

[ChartBuddy]

Coin
Explanation

[Norway]

has anyone seen this?

http://www.pressexaminer.com/bitcoin-might-face-a-new-challenge-in-two-days-from-now/73854

Yes.
I.
now that you posted the link.

TLDR, ELI5: It's about the upcoming nuclear attack / stress test. Nothing new. (Unless you haven't heard about it yet.)

Is everyone gonna sell because of this? I mean, even if it's gonna create a few days worth of backlog many will panic, me thinks.

I don't know short term. Could go both ways, or not relate to it.
BUT: (WARNING! TRADING ADVICE!) A clear voice about how easy scaling really is on monday after this weekend's scaling conference in Canada could change the long term expectations of bitcoin performance and send it to the cheese planet.

EDIT: Sorry, my bad. A moon is not a planet 

[billyjoeallen]

Is it still time to hire some strippers (of both sexes, of course) for that kumbaya session devs are having in Canada?

Nerd egos are stubborn things, might be a good idea to soften up the mood. Make 'em mellow.

Still time? The Backpage-situation graduated all the exotic dancers in Bitcoin 101. International payments to Canada to these entrepeneurs only take seconds / minutes (depending on of much they trust zero confirmations).

And they start saturday! Plenty of time! Let's feed those bras with digital cash!  

Hopefully, on monday you all will understand that scaling is not a big problem. Because all miners/nodes/pools/whatever do NOT need to confirm every bleeping transaction. The computer work can be easily shared. The big work isn't processing transactions. It's mining.  

I suspect backpagers buy the majority of my coins on bitquick.co.  it's nice because I can arbitrage the spread and buy back immediately at a lower rate on an exchange, but of course I'm really just selling my risk of getting my bank account seized in the event that some bureaucrat somewhere decides it's money laundering and retroactively applies the decision to me. So I have to constantly drain the account to minimize the risk. I also have to buy back in immediately to minimize the exchange rate risk because the most buyers come in during an uptrend.  A five dollar bump in three hours can wipe out any profit.

buying gas cards on purse.io is similarly problematic. I get a ~20% discount on the card, but I have to exchange the gamestop card for a shell card at a brick-and-mortar store which takes time and money, THEN I can only buy fuel at Shell stations which typically overcharge ~5% for fuel.

Once I have enough profit to cover living expenses, I crank up the premium I ask for on bitquick and crank up the discount I demand on purse.io.  If nobody bites, it's no big deal. If they do, that's less work for me in the future.

Arbitraging is the only way I know to make profits without burning through my stack, except of course lending out coins on bfx but the vig is still pretty low. For bigger profits that that, one must OBSERVE THE WALL and get lucky.

Chill, BJ! Life is fun! "Sell" your coins to them at a hotel room!

To me, that would be like walking past apple trees to buy apples at the store. Plenty of slutty girls out there give it up for a drink or two.  Here's the trick:
1. Be around 'em
2. Ignore them
3. Look like you're having more fun than them.

Hell, sometimes they buy ME drinks.

[Norway]

Is it still time to hire some strippers (of both sexes, of course) for that kumbaya session devs are having in Canada?

Nerd egos are stubborn things, might be a good idea to soften up the mood. Make 'em mellow.

Still time? The Backpage-situation graduated all the exotic dancers in Bitcoin 101. International payments to Canada to these entrepeneurs only take seconds / minutes (depending on of much they trust zero confirmations).

And they start saturday! Plenty of time! Let's feed those bras with digital cash!  

Hopefully, on monday you all will understand that scaling is not a big problem. Because all miners/nodes/pools/whatever do NOT need to confirm every bleeping transaction. The computer work can be easily shared. The big work isn't processing transactions. It's mining.  

I suspect backpagers buy the majority of my coins on bitquick.co. it's nice because I can arbitrage the spread and buy back immediately at a lower rate on an exchange, but of course I'm really just selling my risk of getting my bank account seized in the event that some bureaucrat somewhere decides it's money laundering and retroactively applies the decision to me. So I have to constantly drain the account to minimize the risk. I also have to buy back in immediately to minimize the exchange rate risk because the most buyers come in during an uptrend.  A five dollar bump in three hours can wipe out any profit.

buying gas cards on purse.io is similarly problematic. I get a ~20% discount on the card, but I have to exchange the gamestop card for a shell card at a brick-and-mortar store which takes time and money, THEN I can only buy fuel at Shell stations which typically overcharge ~5% for fuel.

Once I have enough profit to cover living expenses, I crank up the premium I ask for on bitquick and crank up the discount I demand on purse.io.  If nobody bites, it's no big deal. If they do, that's less work for me in the future.

Arbitraging is the only way I know to make profits without burning through my stack, except of course lending out coins on bfx but the vig is still pretty low. For bigger profits that that, one must OBSERVE THE WALL and get lucky.

Chill, BJ! Life is fun! "Sell" your coins to them at a hotel room!

To me, that would be like walking past apple trees to buy apples at the store. Plenty of slutty girls out there give it up for a drink or two.  Here's the trick:
1. Be around 'em
2. Ignore them
3. Look like you're having more fun than them.

Hell, sometimes they buy ME drinks.

Ha ha, you are absolutly right, BJ. You just responded to Fatman and me joking as you had an accountant up your ass  

You are always welcome to meet our viking girls!

[Meuh6879]

dont fuck with the taxman.
dont fuck with morals.

[Norway]

snip...

Leeloo care as much as the honey badger.

[ChartBuddy]

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[BlindMayorBitcorn]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

Coin
Explanation

[Fiat_Hodler]

Is it still time to hire some strippers (of both sexes, of course) for that kumbaya session devs are having in Canada?

Nerd egos are stubborn things, might be a good idea to soften up the mood. Make 'em mellow.

Still time? The Backpage-situation graduated all the exotic dancers in Bitcoin 101. International payments to Canada to these entrepeneurs only take seconds / minutes (depending on of much they trust zero confirmations).

And they start saturday! Plenty of time! Let's feed those bras with digital cash!  

Hopefully, on monday you all will understand that scaling is not a big problem. Because all miners/nodes/pools/whatever do NOT need to confirm every bleeping transaction. The computer work can be easily shared. The big work isn't processing transactions. It's mining.  

I suspect backpagers buy the majority of my coins on bitquick.co. it's nice because I can arbitrage the spread and buy back immediately at a lower rate on an exchange, but of course I'm really just selling my risk of getting my bank account seized in the event that some bureaucrat somewhere decides it's money laundering and retroactively applies the decision to me. So I have to constantly drain the account to minimize the risk. I also have to buy back in immediately to minimize the exchange rate risk because the most buyers come in during an uptrend.  A five dollar bump in three hours can wipe out any profit.

buying gas cards on purse.io is similarly problematic. I get a ~20% discount on the card, but I have to exchange the gamestop card for a shell card at a brick-and-mortar store which takes time and money, THEN I can only buy fuel at Shell stations which typically overcharge ~5% for fuel.

Once I have enough profit to cover living expenses, I crank up the premium I ask for on bitquick and crank up the discount I demand on purse.io.  If nobody bites, it's no big deal. If they do, that's less work for me in the future.

Arbitraging is the only way I know to make profits without burning through my stack, except of course lending out coins on bfx but the vig is still pretty low. For bigger profits that that, one must OBSERVE THE WALL and get lucky.

Chill, BJ! Life is fun! "Sell" your coins to them at a hotel room!

To me, that would be like walking past apple trees to buy apples at the store. Plenty of slutty girls out there give it up for a drink or two.  Here's the trick:
1. Be around 'em
2. Ignore them
3. Look like you're having more fun than them.

Hell, sometimes they buy ME drinks.

Ha ha, you are absolutly right, BJ. You just responded to Fatman and me joking as you had an accountant up your ass  

You are always welcome to meet our viking girls!

Sorry I dont have anything useful to add but I just wanted to repost the image like you guys...

[JayJuanGee]

You also wanted to break up the momentum of Chartbuddy

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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