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

[jbreher]

nope. i've no idea how that site works. can any old crazy person post on there? i assumed because it was the ft they'd curate their content but maybe not. or it might not even by the ft. i dunno.

Ah - got it. Yes, generally FT is a reputable news source - at least as far as mainstream news sources go. Yet Kaminsky writes under their banner from time to time.

I don't get it either. Maybe the editors have such little understanding of the uppity new thing called fintech that they don't know how much (or how little) value appears under their masthead?

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[Fatman3001]

Good News Everyone!

The chinese miners are finally starting to accept the problem of miner centralization:

http://www.investopedia.com/news/bitmain-john-mcafee-open-bitcoin-mining-pool/

Thx to klee for the heads-up.

[European Central Bank]

i'd guess that a busy and successful full time journo has better things to do than spend 14-18 hours a day posting junk on here literally for years on end. maybe i'm too trusting.

[Torque]

Good News Everyone!

The chinese miners are finally starting to accept the problem of miner centralization:

http://www.investopedia.com/news/bitmain-john-mcafee-open-bitcoin-mining-pool/

Thx to klee for the heads-up.

Not to rain on the parade, but.... history is littered with the countless startups, LLCs, and "letters of intent" businesses that John Mcafee has said he would get off the ground, and nothing ever became of them because no one would ever invest real money with him (likely because he is bipolar, paranoid, and crazy).

For some reason though, for all his craziness, I still like the guy and his "F--- the Man!" attitude.  

[Denker]

Good News Everyone!

The chinese miners are finally starting to accept the problem of miner centralization:

http://www.investopedia.com/news/bitmain-john-mcafee-open-bitcoin-mining-pool/

Thx to klee for the heads-up.

This news is around for quite some time now.
And I'm not convinced that this mining project will be successful.
Maybe it is due to Mcafee's past, I don't know. But I can not really take this guy serious.
Would be nice if he proves me wrong.But I doubt it.

[.m.]

I am full of doubts regarding this mining project as well, while enjoying the price going up in the meantime

[European Central Bank]

https://www.btcc.com/news/media-coverage/btcc-launches-new-usd-bitcoin-exchange

how about this for something a little more concrete?

[Torque]

I love how many bitcoin detractors wanna talk about how wasteful bitcoin mining is from an energy standpoint. But how wasteful is home artificial outdoor lighting each year in just the U.S. alone?

http://www.mnn.com/lifestyle/responsible-living/stories/why-dark-skies-matter?utm_source=CNN&utm_medium=Desktop&utm_campaign=Oct2016

Some quotes:

"The federally funded National Optical Astronomy Observatory (NOAO) estimates that "poorly aimed and unshielded" outdoor lights waste more than 17 billion kilowatt-hours of energy each year in the U.S."

"The U.S. Department of Energy estimates that 13 percent of home electricity usage goes toward outdoor lighting. More than one-third of that light is lost to skyglow — the artificial brightness of the night sky — resulting in about $3 billion wasted per year."
So about $10 Billion wasted per year in home outdoor lighting. That doesn't even include commercial and utility outdoor lighting, lol.

[TERA]

Anyone notice that the majority of volume on Huobi is made up of trades in the amount of 420 BTC?

[kurious]

Anyone notice that the majority of volume on Huobi is made up of trades in the amount of 420 BTC?

Are you thinking the Exchange itself or one actor on it?

[stereotype]

Anyone notice that the majority of volume on Huobi is made up of trades in the amount of 420 BTC?

Yeah that would be wash-trade setting 420, on the w/machine. For stubborn stains, and repeated rinsing, i believe!

[Meuh6879]

great year, isn't it ?







CUT NOW, MY TRAAAAAAADER !

[r0ach]

great year, isn't it ?

Yes:

http://truepundit.com/breaking-bombshell-nypd-blows-whistle-on-new-hillary-emails-money-laundering-sex-crimes-with-children-child-exploitation-pay-to-play-perjury/

[TERA]

There's way too many little green candles at the end of that chart. RsI is too high for too long.

[toknormal]

Ok, taking my seat again for the next round incoming.

[smith1023]

There's way too many little green candles at the end of that chart. RsI is too high for too long.

pls tell me more vodoo master

[JayJuanGee]

There's way too many little green candles at the end of that chart. RsI is too high for too long.

So a crash is coming? 

Will such a crash come before we reach $750 ?

or before we reach $800?

Or before we reach $850? 

I think after $850, it is not going to matter too much about what the supposed correction indicating RSI says.... hahahahahahaha  Am I wrong?

Yeah, sure we gotta get above $850 first, whether that be RSI prohibitive or otherwise, but once we are there, if such a thing were to happen, then... BOOOOOM, no?

[Ted E. Bare]

There's way too many little green candles at the end of that chart. RsI is too high for too long.

Someone sold too early?

[JayJuanGee]

Ok, taking my seat again for the next round incoming.

Hey tok _ n

I was thinking about our recent interaction, and I am really thinking that if you were to consider a kind of weighted average to the trade volumes of exchanges, then that could be more satisfactory overall...

Of course, your perception of a fair weighted average in respect to trade volume and my sense of a fair weighted average would be different, and of course there are also some difficulties in employing such a weighted average but nonetheless, I think that a weighted average is much better than attempting to either (two sides of the same coin): 1) look at the trade volume of only a few exchanges or 2) refusing to give weight to some influential factors involving the trade volume of exchanges.

For example, at this particular time, I personally would weight exchange trade volume something like this:

Bitstamp (USD/BTC):  100%

Bitfinex (USD/BTC):  60%-80%  (skeptical of some of it's practices including some of the margin/leverage trading)

Gemini (USD/BTC):  100%

BTC-e (USD/BTC):  100%

GDAX (USD/BTC):  95-100%

Krakenn (USD/BTC and Euro/BTC):  100%

World-wide LocalBitcoins:  70% to 100% (at this point, I'm not really sure about how much weight to give to trade volume here)

OKCoin (CNY/BTC): 10%-20% (I'm pessimistic about this trade volume but maybe it could be reasonably weighed somewhere in this range?)

Huobi (CNY/BTC):  same as OkCoin

BTCC (CNY/BTC):  same as OkCoin


There may be some others as well, but I think that my main criticism of your earlier analysis was that I thought that you were giving way too much weight to the trade volume of the chinese exchanges (that involve CNY/BTC pairs)  and not enough weight to other exchanges (mostly having USD/BTC pairs)

[toknormal]

I am really thinking that if you were to consider a kind of weighted average to the trade volumes of exchanges, then that could be more satisfactory overall...

Yes - sounds interesting. What factors would you use to weight them ?