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

[404Revolution]

Saw this on Plebbit.

https://twitter.com/BitmexRekt/

A bot that shows people getting rekt on their trades.

https://twitter.com/BitmexRekt/status/939993657121431554

"Liquidated short on XBTUSD: Buy 2,344,883 @ 15239 💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯🔥⚡ ~ BEYOND GODLIKE x13"

Just found that ya niggerfaggot? Yeah I been watching that for awhile now.

With 2k+ usd spreads between exchanges some are suspicious they may manipulate their exchange rate to constantly liquidate margins. They don't allow u.s. customers, no KYC, and 100x leverage is offered. Certainly a lot of high stakes gambles there.

[HairyMaclairy]

Bitstamp looks like a slowly boiling pot. 

[Heater]

Stupid story:
https://www.theatlantic.com/business/archive/2017/12/bitcoin-bubble/547952/

Stupid discussion about stupid story:
https://www.reddit.com/r/Economics/comments/7iu1zb/is_bitcoin_the_most_obvious_bubble_ever/

After 9 goddamn years they still don't get it. We are just "a gaggle of greater fools".

One day some these morons will figure it out. They will become the late stage adopters who will drive the price from 100k to 1m.

Thanks in advance guys - we need to keep you in reserve. Your fiat will be needed later.

[smartcomet]

https://cointelegraph.com/news/bitcoin-has-less-environmental-impact-than-fiat-currencies

The report indicates that the annual consumption of power from Bitcoin mining is 8.27 terawatt-hours per year, and the global production of fiat currencies stands at 11 terawatt-hours per year.
Gold mining burns a staggering 132 terawatt-hours per year.

[Ludwig Von]

I love the smell of burning casinos in the morning... .
http://www.zerohedge.com/news/2017-12-10/cboe-website-crashes-futures-trading-begins-bitcoin-price-squeezed-10-higher

[RayX12]

https://cointelegraph.com/news/bitcoin-has-less-environmental-impact-than-fiat-currencies

The report indicates that the annual consumption of power from Bitcoin mining is 8.27 terawatt-hours per year, and the global production of fiat currencies stands at 11 terawatt-hours per year.
Gold mining burns a staggering 132 terawatt-hours per year.

Worst of all is the ENVIRONMENTAL damage caused by the chemical spills from all mining including gold where mercury is used.  Most mining industries have tight standards in developed countries but the pollution left behind trapped in pits and lakes eventually fail and flow into the rivers and aquifers.  The damage is appalling!  In third world countries even children are exposed to mercury in the processes of gold extraction.



More info here:  https://www.smithsonianmag.com/science-nature/environmental-disaster-gold-industry-180949762/

[Wekkel]

Worst of all is the ENVIRONMENTAL damage caused [...] even children are exposed to mercury in the processes of gold extraction.

R0ach that! 

[lightfoot]

Worst of all is the ENVIRONMENTAL damage caused by the chemical spills caused by all mining including gold where mercury is used.  Most mining industries have tight standards in developed countries but the pollution left behind trapped in pits and lakes eventually fail and flow into the rivers and aquifers.  The damage is appalling!  In third world countries even children are exposed to mercury in the processes of gold extraction.

Who here hasn't played with mercury as a child?

[fabiorem]

I noticed the 20% limit on futures is not for the entire month, but for a single day.

That is, if bitcoin go to 18k, they can put +20% on it, for january 18th.

If it go to 20k in the next day, they can put more 20%.

They only halt the trade for that day, and continue on the next.

This will boost the bull run. Because they will be betting for a increase, and people will be buying more so that the bets are hit, thus increasing the bets for january 18th, creating a snowball effect.

Just HODL it.

[ragnar0k]

Are we bear free again? 
The magics of derivatives!

[RayX12]

Worst of all is the ENVIRONMENTAL damage caused by the chemical spills from all mining including gold where mercury is used.  Most mining industries have tight standards in developed countries but the pollution left behind trapped in pits and lakes eventually fail and flow into the rivers and aquifers.  The damage is appalling!  In third world countries even children are exposed to mercury in the processes of gold extraction.

Who here hasn't played with mercury as a child?

Yes, we all have casually played with mercury.
Of course this goes beyond casual contact.

[RayX12]

WTF is going on with volume on Bitfinex??  Server crashing?

[fabiorem]

[fabiorem]

Yes, we all have casually played with mercury.
Of course this goes beyond casual contact.

Theres also sulphur, arsenic, antinomy...

[Torque]

Got some at work to buy bitcoin in the dip before futures. ceo also knows about it but his finacial adviser told him against it.

Most of them bough btc and ltc at the same time

"Financial adviser". A Keep-you-poor adviser is more like it.

I had a tax accountant/ financial adviser once. When he found out that I had invested majorly into Bitcoin in 2013, he told me that I was a fool and the minute it went up even a little that I should sell it all.

I was so irritated with his bad attitude, that I immediately dumped him and started doing my own taxes.

If I had taken his advice, I wouldn't be where I am today looking at early retirement. Not even close.

[RayX12]

Yes, we all have casually played with mercury.
Of course this goes beyond casual contact.

Theres also sulphur, arsenic, antinomy...

Buy Bitcoin and sell gold! 

[flynn]

Theres also sulphur, arsenic, antinomy...

Antinomy ? you don't say. Palindromes are even more dangerous

[strawbs]

I love these little dips trying to shake out the weak hands.  They're having less and less effect each time.  Manipulators, take note: everyone's holding. Nobody wants to sell. Understand?

The only way is up 

[HanvanBitcoin]

Gotta love watching those charts today. Its cold outside and a shitload of snow. People are working and im enjoying a nice cup of tea infront of the fire while watching those walls being eaten and my kapital grow 

Go BTC!

[AlexGR]

https://cointelegraph.com/news/bitcoin-has-less-environmental-impact-than-fiat-currencies

The report indicates that the annual consumption of power from Bitcoin mining is 8.27 terawatt-hours per year, and the global production of fiat currencies stands at 11 terawatt-hours per year.
Gold mining burns a staggering 132 terawatt-hours per year.

Worst of all is the ENVIRONMENTAL damage caused by the chemical spills from all mining including gold where mercury is used.  Most mining industries have tight standards in developed countries but the pollution left behind trapped in pits and lakes eventually fail and flow into the rivers and aquifers.  The damage is appalling!  In third world countries even children are exposed to mercury in the processes of gold extraction.



More info here:  https://www.smithsonianmag.com/science-nature/environmental-disaster-gold-industry-180949762/

Mercury is more of a third-world problem, while cyanide affects even first-world countries.