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

[HairyMaclairy]

Once the exchanges start using lightning to send BTC between them, it’s game over for many altcoins.

Who sends btc directly between exchanges. That's just asking for trouble.

why?

Look I understand the point about if the transaction gets lost you are potentially arguing with two different exchanges about who lost it.  But when you are on mobile and trading shitcoins and time matters, it’s really the only way to do it.

[Ibian]

Once the exchanges start using lightning to send BTC between them, it’s game over for many altcoins.

Who sends btc directly between exchanges. That's just asking for trouble.

why?

Because eventually you will have a stuck transaction, and then who you gonna call? Who will take responsibility for fucking up? Exchange one? Two? YOU?

It's just plain stupid.

[HairyMaclairy]

Some exchanges are more competent than others. I trust Bitstamp.  Bitgrail or Mercatox?  Not so much.

[bitserve]

Yeah, but most exchanges include the txid so you can easily check if it got confirmed or not so you can easily prove who is fucking it up.

That said... I stopped txing BTC between exchanges since the fee got to a few dollars. I discovered the usefulness of Litecoin and other shitcoins for that and never looked back. Never had a single problem txing anything between exchanges.

[HairyMaclairy]

Yeah, but most exchanges include the txid so you can easily check if it got confirmed or not so you can easily prove who is fucking it up.

That said... I stopped txing BTC between exchanges since the fee got to a few dollars. I discovered the usefulness of Litecoin and other shitcoins for that and never looked back. Never had a single problem txing anything between exchanges.

The problem is slippage at both ends converting LTC. Especially if LTC is not a trading pair. 

[HairyMaclairy]

Spam faucet flooding again at 1 sat. 

[itod]

Once the exchanges start using lightning to send BTC between them, it’s game over for many altcoins.

Who sends btc directly between exchanges. That's just asking for trouble.

why?

Because eventually you will have a stuck transaction, and then who you gonna call? Who will take responsibility for fucking up? Exchange one? Two? YOU?

It's just plain stupid.

BTC transaction stuck between exchanges by technical error? Don't remeber such case on decent exchange, it happens all the time with shitcoins. BTW, bots move BTC all the time between exchanges for arbitrage. You would be surprised the number of transactions between them.

[bitserve]

Yeah, but most exchanges include the txid so you can easily check if it got confirmed or not so you can easily prove who is fucking it up.

That said... I stopped txing BTC between exchanges since the fee got to a few dollars. I discovered the usefulness of Litecoin and other shitcoins for that and never looked back. Never had a single problem txing anything between exchanges.

The problem is slippage at both ends converting LTC. Especially if LTC is not a trading pair.  

Yup. But usually is not BTC what I want to convert to other shitcoins. I dont do unnecesary trades. Also I try to have what I need in every exchange, only having to rebalance very unfrequently. I don-t really care about slippage because it can work both ways.

Most of my txs between exchanges are usually for lending when polo or bitfinex have some shortage of a particular coin and offer a crazy daily rate.

Anyway, LN transfers between exchanges would be an AWESOME addition.

[thrax]

Yeah, but most exchanges include the txid so you can easily check if it got confirmed or not so you can easily prove who is fucking it up.

That said... I stopped txing BTC between exchanges since the fee got to a few dollars. I discovered the usefulness of Litecoin and other shitcoins for that and never looked back. Never had a single problem txing anything between exchanges.

The problem is slippage at both ends converting LTC. Especially if LTC is not a trading pair.  

Yup. But usually is not BTC what I want to convert to other shitcoins. I dont do unnecesary trades. Also I try to have what I need in every exchange, only having to rebalance very unfrequently. I don-t really care about slippage because it can work both ways.

Most of my txs between exchanges are usually for lending when polo or bitfinex have some shortage of a particular coin and offer a crazy daily rate.

Anyway, LN transfers between exchanges would be an AWESOME addition.

Sometimes even the big exchanges have wallets that go offline after you have sent coins to them during pumps. They only go back online after your coin's price has drastically crashed, and you are left with a huge loss.

I suppose even LN transfers aren't immune to that problem.

[OWZ1337]

lulz. YOU'D BE BANANAS NOT TO GO FOR THIS !!!

 

weee

[Ibian]

Banana fucking coin. Give me a viking coin or a spartan coin, it would make as much sense. Might even buy a bit because vikings and spartans. Fuck.

[mymenace]

Banana fucking coin. Give me a viking coin or a spartan coin, it would make as much sense. Might even buy a bit because vikings and spartans. Fuck.

I can see it coming

ylylcoin

[OWZ1337]

Banana fucking coin. Give me a viking coin or a spartan coin, it would make as much sense. Might even buy a bit because vikings and spartans. Fuck.

BananaCash the the real bitcoin !    *trust me*

[explorer]

Figured I'd check out the new Kraken.  Still can't log in!  Shocker  .  I mean, hey, haven't been able to get in for over a year, why would it work now, after a full page of reset passwords?  What a shit show.  Ticket submitted.  Let's see if I get a response before March.  Not that it matters.  Last ticket response was singularly unhelpful and untimely.  I just want to know how much of my money they have.  Is that so much to ask?

[Ibian]

Figured I'd check out the new Kraken.  Still can't log in!  Shocker  .  I mean, hey, haven't been able to get in for over a year, why would it work now, after a full page of reset passwords?  What a shit show.  Ticket submitted.  Let's see if I get a response before March.  Not that it matters.  Last ticket response was singularly unhelpful and untimely.  I just want to know how much of my money they have.  Is that so much to ask?

Maybe you are doing something wrong.

[HairyMaclairy]

Wee green candle

[mymenace]

Blockstream and segwit owned by bilderberg group


Bitcoin cash helping


Central Bank - SDR coin
https://www.acchain.org/en/

All assets on blockchain




Bank fees
https://rba.gov.au/publications/bulletin/2017/jun/pdf/bu-0617-4-banking-fees-in-australia.pdf

Bank changes
http://www.news.com.au/finance/money/its-banking-but-not-as-we-know-it-the-big-changes-coming-in-2018/news-story/190cb8f36243fd17b015749f40e75d10

New Payments Platform - built by swift (All 50 banks in australia signed up - amazing) centralized by the Central Bank with FSS
http://www.nppa.com.au/wp-content/uploads/2018/01/NPP_Technical-Introduction_January2018.pdf

FSS Fast Settlement Service
http://www.rba.gov.au/rits/info/pdf/Overview_of_Functionality.pdf
15. FAST SETTLEMENT SERVICE (FSS)
Page 97

Centralized blockchain on steroids


Now apply the fees above to what they will save on transactions with the FSS

You lose again

[d_eddie]

Is that a double morningstar on the daily chart?  Uber-bullish sign.  Hodl on!

If nothing else, terms like that is why nobody takes chartstrology seriously.

Does "double" mean "two small central candles"?

Chartstrology, indeed. I notice a couple doujis 18-24 days ago. Both inconsequential, right?
(Correct me if I'm wrong, really. This far I worked it out by reading. The next, I just made up.)

In case I worked it out right, how could an expert explain this small failure of TA? Prolly sumthin like the 8/13 Fibonacci in the second house... oops, wave, eh?  

EDIT Oops sorry guys. Only after I replied did I read xhomerx10 reveal he made it up first.
Chapeau.

[TERA2]

Why do we need a different coin for each investment fund in each industry? We already have bitcoin/etc which is already capable of doing this. Cant we just build a kickstarter app on top of bitcoin?

[Ibian]

Is that a double morningstar on the daily chart?  Uber-bullish sign.  Hodl on!

If nothing else, terms like that is why nobody takes chartstrology seriously.

Does "double" mean "two small central candles"?

Chartstrology, indeed. I notice a couple doujis 18-24 days ago. Both inconsequential, right?
(Correct me if I'm wrong, really. This far I worked it out by reading. The next, I just made up.)

In case I worked it out right, how could an expert explain this small failure of TA? Prolly sumthin like the 8/13 Fibonacci in the second house... oops, wave, eh?  

EDIT Oops sorry guys. Only after I replied did I read xhomerx10 reveal he made it up first.
Chapeau.

Yeah but you never really know, do you? I mean, there are "legit" quote unquote terms like the ichimoku cloud, which just makes me think of indians getting high in shrooms.