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

[marcus_of_augustus]

ok if I can all get you mofos to buy 10 BTC right now i'd be halfway to getting my 1$ back.

but the blocks are full ... now what?

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[adamstgBit]

ok if I can all get you mofos to buy 10 BTC right now i'd be halfway to getting my 1$ back.

but the blocks are full ... now what?

please focus on buying and ask questions later.

[JayJuanGee]

i'll bet 1$ on >410 in <1hour

You're on. No need for escrow. I trust you.

woot!

ok,  if price hits >410 within 50mins you pay me 1$ if not i pay you 1$, bitstamps price.

I was gonna say BFX, but Stamp works for me. Tic, tic, tic...

~20 mins left and i still need to see 1/2 1/4 million dollars get dumped on stamps.

double or nothing? for >410 in the next hour.

Done!

Hahahahahah...

I think that this should be a decent example that bets can be small and reasonable in order to show that they are really serious.. rather than betting some bullshit high amount that requires some trust.


As far as the bet itself, this may be one way for BJA to make some real money on his bitcoin bets... just keep doubling down, and possibly BJA will become rich.. when he stops at $1024, and requests that Adam pay up... hahahahahaha   

[billyjoeallen]

The Chinese government won't confiscate all the mining farms to do a 51% attack. It would give people a bad impression of them. If they were to take any action against bitcoin or the farms it would be to make mining illegal in China and outlawing the possession of bitcoins. They already banned/unbanned bitcoin multiple times and I don't rule out them banning/unbanning it again, but I don't think it's likely.

This is the most ignorant, naive statement I could imagine. Ever heard of the Tiananmen Square massacre?

https://en.wikipedia.org/wiki/Tiananmen_Square_protests_of_1989

You think the ChiComs care more about our impression of them than their sovereignty, you don't know them.

If Bitcoin interferes with China's economic/monetary policy, they have the means motive and opportunity to stop us.  If Bitcoin DOESN'T interfere with policy, then what's the fucking point?

If Bitcoin is needed, it will be fought and possibly killed. If it is not needed, then it will probably die from lack of demand.

This is why concentration of mining matters. 

A bunch of wacky double spends? What's the worst that could happen?

Um, I don't know, maybe send the same coins to twelve exchanges simultaneously and crash the price down to pennies? and then sell every NEW coin they mine to keep it there?

[JayJuanGee]

ok if I can all get you mofos to buy 10 BTC right now i'd be halfway to getting my 1$ back.

Yeah,.... hahahahaha


No one said that crowd sourcing would be cheating.

Good luck with that.    

[BitUsher]

Banks discover they can use shared merkle trees (git) to track and organize their data instead of excel spreadsheets.

https://www.hyperledger.org/news/announcement/2016/02/hyperledger-project-announces-30-founding-members

 

They still don't understand why they are fighting a losing game.

[billyjoeallen]

i'll bet 1$ on >410 in <1hour

You're on. No need for escrow. I trust you.

woot!

ok,  if price hits >410 within 50mins you pay me 1$ if not i pay you 1$, bitstamps price.

I was gonna say BFX, but Stamp works for me. Tic, tic, tic...

~20 mins left and i still need to see 1/2 1/4 million dollars get dumped on stamps.

double or nothing? for >410 in the next hour.

Done!

Hahahahahah...

I think that this should be a decent example that bets can be small and reasonable in order to show that they are really serious.. rather than betting some bullshit high amount that requires some trust.


As far as the bet itself, this may be one way for BJA to make some real money on his bitcoin bets... just keep doubling down, and possibly BJA will become rich.. when he stops at $1024, and requests that Adam pay up... hahahahahaha   

It would have to be much more than that for me to break even. I'm $4,2084 upside down on my short. Good thing I'm making more money on my cold storage valuation than that.

[adamstgBit]

i'll bet 1$ on >410 in <1hour

You're on. No need for escrow. I trust you.

woot!

ok,  if price hits >410 within 50mins you pay me 1$ if not i pay you 1$, bitstamps price.

I was gonna say BFX, but Stamp works for me. Tic, tic, tic...

~20 mins left and i still need to see 1/2 1/4 million dollars get dumped on stamps.

double or nothing? for >410 in the next hour.

Done!

Hahahahahah...

I think that this should be a decent example that bets can be small and reasonable in order to show that they are really serious.. rather than betting some bullshit high amount that requires some trust.


As far as the bet itself, this may be one way for BJA to make some real money on his bitcoin bets... just keep doubling down, and possibly BJA will become rich.. when he stops at $1024, and requests that Adam pay up... hahahahahaha   

what you don't believe in miracles?

[adamstgBit]

i'm fairly certain i will lose the bet and THEN price will go above 410 

[BlindMayorBitcorn]

i'm fairly certain i will lose the bet and THEN price will go above 410 

You know you'll be costing the network $6.2 to send that buck.

[JayJuanGee]

Hahahahahah...

I think that this should be a decent example that bets can be small and reasonable in order to show that they are really serious.. rather than betting some bullshit high amount that requires some trust.


As far as the bet itself, this may be one way for BJA to make some real money on his bitcoin bets... just keep doubling down, and possibly BJA will become rich.. when he stops at $1024, and requests that Adam pay up... hahahahahaha   

It would have to be much more than that for me to break even. I'm $4,2084 upside down on my short. Good thing I'm making more money on my cold storage valuation than that.

I'm kind of joking regarding whether you are winning or losing, and even though I give you a rough time, you do seem to employ various safeguarding strategies to protect your investment.

Each of us, who consider ways to be able to attempt to make money on the way up or on the way down probably have strategies that we employ to safeguard (or to hedge our various bets).


Probably, I am not betting with as much, but I employ a similar hedging strategy.


So for example, if I have 100 BTC, then I realize that every dollar bitcoin prices go up, the value of total BTC holdings goes up $100.  If I decide to short 1% in every $10 upward increments, then I may end up selling $100 every time that BTC prices go up by $10, and if BTC prices go up $100 without any reversal, then I may have sold (or bet) $1000 worth of BTC (10% of my profits), but the value of my total holdings had gone up $10k.

Sure there are variations of this, and we could be quite safe even to bet quite larger amounts under a variety of circumstances and still be profitable, either way, especially when we buy back after accumulating such cash and the price almost inevitably goes back down (at least in part).

[adamstgBit]

i'm fairly certain i will lose the bet and THEN price will go above 410 

You know you'll be costing the network $6.2 to send that buck.

seeing how the network is literally made of money i think it'll be fine

[JayJuanGee]

i'll bet 1$ on >410 in <1hour

You're on. No need for escrow. I trust you.

woot!

ok,  if price hits >410 within 50mins you pay me 1$ if not i pay you 1$, bitstamps price.

I was gonna say BFX, but Stamp works for me. Tic, tic, tic...

~20 mins left and i still need to see 1/2 1/4 million dollars get dumped on stamps.

double or nothing? for >410 in the next hour.

Done!

Hahahahahah...

I think that this should be a decent example that bets can be small and reasonable in order to show that they are really serious.. rather than betting some bullshit high amount that requires some trust.


As far as the bet itself, this may be one way for BJA to make some real money on his bitcoin bets... just keep doubling down, and possibly BJA will become rich.. when he stops at $1024, and requests that Adam pay up... hahahahahaha   

what you don't believe in miracles?

I believe in the reverse Adam indicator...   which is one of the most reliable bitcoin price prediction tools on this here planet.         

[BlindMayorBitcorn]

i'm fairly certain i will lose the bet and THEN price will go above 410  

You know you'll be costing the network $6.2 to send that buck.

seeing how the network is literally made of money i think it'll be fine

Strange old men in caves distributing swords is no basis for choosing the hero of time, Adam!

[billyjoeallen]

i'm fairly certain i will lose the bet and THEN price will go above 410 

There's a very good probability of it.  Incidentally, if you want my short to be force liquidated, all you have to do is pump up to $460 in the next six hours. After that, I will have more money available to either post as margin or add to my short. That's the advantage of lending out my fiat. I can't do something stupid with it while it is lent out. 

[JayJuanGee]

Hahahahahah...

I think that this should be a decent example that bets can be small and reasonable in order to show that they are really serious.. rather than betting some bullshit high amount that requires some trust.


As far as the bet itself, this may be one way for BJA to make some real money on his bitcoin bets... just keep doubling down, and possibly BJA will become rich.. when he stops at $1024, and requests that Adam pay up... hahahahahaha  

what you don't believe in miracles?

I believe in the reverse Adam indicator...   which is one of the most reliable bitcoin price prediction tools on this here planet.        

Actually, for example, if you, Adam, kept losing the bet and doubling down for nothing regarding the same $410 price point, it would take 11 hours and 11 bets for the amount to reach $1,024, yet I think that someone would have to be truly bearish (and maybe even a bit wishful to take that kind of bet), and I believe BJA is not that bearish at the moment, but he, BJA, may be willing to take such a bet (on the odd chance that BTC prices don't go above $410 in 11 hours).

I am pretty sure that you, Adam, would be good for the money, yet when bets begin to get into the $100s of dollars and beyond, it becomes quite a bit more difficult to base them on trust (and maybe would need to employ some kind of escrow situation?)..

[billyjoeallen]

That's 2$, Adam. Double or nothing again?

[BlindMayorBitcorn]

That's 2$, Adam. Double or nothing again?

 

[adamstgBit]

i'll bet 1$ on >410 in <1hour

You're on. No need for escrow. I trust you.

woot!

ok,  if price hits >410 within 50mins you pay me 1$ if not i pay you 1$, bitstamps price.

I was gonna say BFX, but Stamp works for me. Tic, tic, tic...

~20 mins left and i still need to see 1/2 1/4 million dollars get dumped on stamps.

double or nothing? for >410 in the next hour.

Done!

Hahahahahah...

I think that this should be a decent example that bets can be small and reasonable in order to show that they are really serious.. rather than betting some bullshit high amount that requires some trust.


As far as the bet itself, this may be one way for BJA to make some real money on his bitcoin bets... just keep doubling down, and possibly BJA will become rich.. when he stops at $1024, and requests that Adam pay up... hahahahahaha   

what you don't believe in miracles?

I believe in the reverse Adam indicator...   which is one of the most reliable bitcoin price prediction tools on this here planet.         

That is only true Short term and in during a bear market...
I invite you to look back at bitmovements, with so much hindsight you now possess, my calls all sundly look pretty good.
and watch out bear market is DONE KaPoooUT! over.
reverse indicator? i think not!
https://www.youtube.com/watch?v=D2n5d2OTXsc
hahahaha we'll see.

[adamstgBit]

That's 2$, Adam. Double or nothing again?

as in life it always pays to play these games, sometimes you score somthing priceless.