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

[gentlemand]

True, even if I only have a few month left, at least the BTC will be able to pay for the funeral expenses right now. One less burden for my partner, if he can figure out how to liquidate the BTC.

Ruddy hell. What's with the morbidity? Do you have tumours dangling out of your nose?

Where I'm at vaping is a fraction of the cost of real smoking. Depends where you live.

Do you mutually agree to get into BTC with your manfriend? I wouldn't have bothered telling him myself. Spouses and extremely speculative money are a terrible combination usually.

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[oblox]

Dump it to 3500

[Torque]

So I did a little reading of the LedgerX trader's rulebook. Some encouraging things I noticed:

1) Only market/limit order buying and selling

2) No shorting, no margin trading

3) Trading only available Mon. - Fri., 9AM -5PM (so essentially only during U.S. stock market hours)

4) Credit swaps fully collateralized

5) Have to meet certain hedge fund or individual investor requirements to become a member

6) Only available to U.S. based entities

7) Trading to commence in September

[fragout]

so what do you think about 2000 BTC finex wall @ $3900

will it be pulled ?

I was watching that. 600+ btc was bought  before it was pulled. He replaced it shortly after with a more staggered series of walls.

Edit : as i was about to post that, a big dump

[Lauda]

did bitcoin get segwit yet?

SegWit activation this period? YES!
Activation expected at ≈Tue, 22 Aug 2017 10:37:48 GMT.

Still 1593 blocks needed for SegWit to activate.
Activation period is at 21%.

Soon: https://www.xbt.eu/
Amazing new ATH, so close to $4k. Some dumping has commenced and made the price tank by $100 within seconds.

[cmacwiz]

Damn, the price went down a little

[Meuh6879]

[fragout]

So I did a little reading of the LedgerX trader's rulebook. Some encouraging things I noticed:

1) Only market/limit order buying and selling

2) No shorting, no margin trading

3) Trading only available Mon. - Fri., 9AM -5PM (so essentially only during U.S. stock market hours)

4) Credit swaps fully collateralized

5) Have to meet certain hedge fund or individual investor requirements to become a member

6) Only available to U.S. based entities

7) Trading to commence in September

Read that last night. How does it actually work though, Do they trade in real BTC and if so, where do they acquire them or is it just futures like Viabtc did with BCH

[Meuh6879]

Some dumping has commenced and made the price tank by $100 within seconds.

Yep, median line touched ...

[Torque]

Read that last night. How does it actually work though, Do they trade in real BTC and if so, where do they acquire them or is it just futures like Viabtc did with BCH

I'm not 100% sure how it works, I kind of skimmed through it due to all the legalize. But the rulebook did mention that the trades are backed by real btc. Not sure how they are acquired. I remember a little blurb in the rulebook about investors being able to take possession of their btc and LedgerX would facilitate??

[bones261]

True, even if I only have a few month left, at least the BTC will be able to pay for the funeral expenses right now. One less burden for my partner, if he can figure out how to liquidate the BTC.

Ruddy hell. What's with the morbidity? Do you have tumours dangling out of your nose?

Where I'm at vaping is a fraction of the cost of real smoking. Depends where you live.

Do you mutually agree to get into BTC with your manfriend? I wouldn't have bothered telling him myself. Spouses and extremely speculative money are a terrible combination usually.

If you heard my smoker's cough in the morning, you'd probably be tempted to call 911 right away. Also, you are definitely correct about mates and speculative money being a bad mix.  

[juju]

This is crazy!!!!!! Remember during the last crash when people were contemplating suicide. That time is probably just around the corner, but will be a much worse this time as we have mainstream media attention at a larger scale

What is the new floor going to be? I was thinking somewhere down at 900 USD, that seems too hopeful, its looking like it might be even higher now above 1300. At some point I think profits are going to be taken and this is going to fall like a lead balloon. Once the media hype-cycle reverses on Bitcoin its gonna be bad "news". Lately we have seen in the media these softball fluff pieces of news about Bitcoin, mind you on mainstream news sources. They will reverse on us sooner or later, producing edgy content about how Bitcoin is not really all its cracked up to be or some dumb shit narrative they take that the mass will blindly accept.

Programs that trade BTC for profit, Usually are not programmed to buy when the price is near or at the highest its ever been ever. In fact the programs do the reverse and sell incrementally percentages of reserves during periods of value growth.

[Biro Bob]

I sadly parted with a chunk of Monero this morning (converted to BTC) but I think it was the right thing to do even if I do intend to buy it back later.

[Lauda]

Some dumping has commenced and made the price tank by $100 within seconds.

Yep, median line touched ...

I hope that we don't lose all of the daily growth.

What is the new floor going to be? I was thinking somewhere down at 900 USD, that seems too hopeful, its looking like it might be even higher now above 1300.

I'm wondering whether you're trolling, you've sold somewhere very low or you're just outright stupid. The new floor is somewhere between 2k-3k if not higher.

[Meuh6879]

lost 800 USD for a high event.
lost 400 USD for a classic beartrap (recovery in 12h or 36h).

walls are very tiny on Kraken ... for selling or buying.

[bitserve]

About the smoking thing... Have you tried vaping? The vaping industry has evolved amazingly in last 5 years.

I haven't tried that. However, one of my goals is to eliminate this expense from my budget. Is vaping cheaper?

About the "heritage" you should be instructing her already on this stuff and what to do.

My partner is actually a he. We are not transgendered, so male pronouns are much preferred. (Not offended though at you. Common mistake. You don't know me and naturally assuming a straight relationship will always be the default assumption.) The problem with sitting down with him is that he fails to try and understand bitcoin. He has made it clear that I am not to spend any of our fiat on more bitcoin. I have on rare occasion did something sly to get a little more. Now when I try to sit him down, he knows how much my BTC is worth, and the pressure to sell from him starts up.The main issue is actually the amount of time that I spend tending to my BTC and Alts on the internet. Reading, fiddling with code. He hated Candy Crush and BONIC just as much when it took my time away from him.

ABout the richness... Maybe it won't make you rich... but try make it at least a sum that could change anything in your life.

True, the yield on it has been vastly better than my 401K.

Btw, some people consider that money is for spending. I think the money is for BEING ABLE to spend it. YOu are only able to spend money that you haven't already spent. Money gives freedom, spent money doesn't. Unless you know you only have like a few months left.....

True, even if I only have a few month left, at least the BTC will be able to pay for the funeral expenses right now. One less burden for my partner, if he can figure out how to liquidate the BTC.

Yes, it is way cheaper on the long run... unless you become one of those guys that buy everything that comes out and vape the most expensive gourmet liquids. I buy my stuff from china (www.fasttech.com), my liquids too at around $12 for 100ML, and only sometimes buy some of those gourmet overpriced liquids at local stores just for the heck of it.

Oh, and you can pay fasttech with BTC.

Maybe that is the best purchase you could do with BTC (besides a hardware wallet) and then either save all the money not spent in smoking or reinvest it on BTC.

For your first purchase I would maybe suggest you go to a local SPECIALISED store for their advice and all even if that means paying their overprice. From that point on you can go with fasttech and make the savings rain on you.

As for the heritage thing, well, it seems he is a non believer so maybe that's why he doesn't pay attention to your explanations. I have made provisions not just for LIQUIDATE, but instead for just spending from it using debit cards, etc.... I mean, how to use it for spending without having to liquidate.

Maybe you could come to an agreement in which he is fine with you buying your vaping stuff with BTC and reinvesting in BTC what you save in smoking? At the very least he will be happy you quit smoking and you will be happy with your newfound freedom for investing in BTC what previously was a spending in the most harmful possible way.

[bitserve]

Nice and lovely dip it seems.

[vortex1878]

Lauda being spot on. Cheers, buddy.

[Biro Bob]

I think we could stay under 4k for a while. It took quite a long time   to break $3000.

[silverston]

Now will be the second time trying to cost more than $ 4000, I hope he will succeed