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

[realr0ach]

All that's going on is Bitfinex printed millions of tethers out of thin air to defend the $9k level before it crashed to $7500.  Now "the bitfinex spoofer" is trying to manipulate the price back up to his buy-in point.  This is not a position of strength.  It's a position of weakness.  Why let the Bitfinex spoofer dump on you?  He prints money out of thin air then uses that money to try to dump on you at a higher price.  It's fraud.

[Last of the V8s]

Who sold at the bottom?

roach, nouriel and @bitfinexed

edit: oh, no, sorry, they sold at the previous bottom

[realr0ach]

The Bitfinex spoofer (aka infinite tether printer) is either Chinese or Jewish.  Those are the only two groups that would take a financial fraud this far.  Mark Karpeles is a Jew also.

[Toxic2040]

@LedgerHQ https://twitter.com/LedgerHQ/status/959766958601273344
To mitigate the man in the middle attack vector reported here https://www.docdroid.net/Jug5LX3/ledger-receive-address-attack.pdf … (affecting all hardware wallet vendors), always verify your receive address on the device's screen by clicking on the "monitor button"

https://support.ledgerwallet.com/hc/en-us/articles/360000641713-Basic-security-principles-must-read-

verify.your.receive.address

Some oft overlooked advice about seeds.

    Never take a picture of your recovery sheet (as it would go in the cloud and could be accessible to hackers).
    Never enter your 24 words on any computer or smartphone.
    Keep your recovery sheet in a safe place, protected from light, humidity and fire.

Additionally, it is critical to make sure that you have generated yourself the 24 words. Never, ever, use a preconfigured device. Never, ever, use a set of 24 words which has been given to you by a third party. The basic principle is that you must be the only one in the world to have knowledge of your 24 words.

On a related note, got to bed about 4am after a late night hacking with my new bitcoind server. Got it up and running last night, and ports properly forwarded from the firewall, and sitting at about 111 connections now since the new box went online.

Had a whole mess of issues between the Lenovo Hardware RAID shit, and Linux Software RAID having issues booting off a RAID volume (hardware or mdadm created - no dice on either)

Ended up just doing 1 drive for the system, and 3 drives as an md RAID5 for the bitcoin and lnd shit.

Setting up Lightning from the official lnd github page is proving to be a disaster  (https://github.com/lightningnetwork/lnd/blob/master/docs/INSTALL.md)

Code:

bob@xserver:~/bitcoin-0.15.1/bin$ sudo apt-get install golang-1.8-go
Reading package lists... Done
Building dependency tree       
Reading state information... Done
E: Unable to locate package golang-1.8-go
E: Couldn't find any package by glob 'golang-1.8-go'
E: Couldn't find any package by regex 'golang-1.8-go'

Sheeit.

Did you try this Bob?
https://medium.com/@dougvk/run-your-own-mainnet-lightning-node-2d2eab628a8b


OT
I am expected a nice surge...even tho I have been saying that for a week now. This sell off caught me off guard and it was glaringly obvious in hind sight. Fundamentals are still fundamental...and a 61.8% fib retrace is not out of the ball park here.
I was only able to sell a small amount at around $8550 on the way down but was able to grab a nice pile at $8129.99.
Looking to exit at 14.75k with the coins I have in play if this rebound happens. I think this is going ping pong bullishly into next week for the New Year.

[Toxic2040]

Did you try this Bob?
https://medium.com/@dougvk/run-your-own-mainnet-lightning-node-2d2eab628a8b

That was the first link I really looked at. I have zero desire to run "unofficial" releases like that, and would like to be 100% in control of building things from scratch via "official sources", for something critical like a bitcoind and lnd server.

I'll hack around later. My partner is fighting a wicked-awful headache today and I think I want to crawl into bed and cuddle all afternoon, and sleep. Stressful week, yo.

I hear you..doesn't sound like a bad way to go. I found that guide useful getting all the dependencies set up tho. Just getting to the point where its up and stable in the VM is a pain.

[sirazimuth]

Sheeit.

Hey Bob, before planning to pay some more millions $ to the IRS, you might want to check this article:

https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

excerpts from article...

“He’s tuned in to a higher calling,” said Kai Nygard, scion of the Canadian clothing company Nygard and a crypto investor. “He’s beyond money.”
Mr. Pierce walked around the tree and said prayers for Puertopia, holding a rusted wrench he had picked up in the territory.


....He kissed an old man’s feet. He blessed a crystal in the water, as they all watched.


....He had also co-founded Tether, which backs cryptocurrency tied to the value of a dollar and whose outstanding tokens are worth about $2.1 billion,


“So, no. No, I don’t want to pay taxes,” Mr. Collins said. “This is the first time in human history anyone other than kings or governments or gods can create their own money.”

sounds legit....

[Last of the V8s]

Did you try this Bob?
https://medium.com/@dougvk/run-your-own-mainnet-lightning-node-2d2eab628a8b

That was the first link I really looked at. I have zero desire to run "unofficial" releases like that, and would like to be 100% in control of building things from scratch via "official sources", for something critical like a bitcoind and lnd server.

I'll hack around later. My partner is fighting a wicked-awful headache today and I think I want to crawl into bed and cuddle all afternoon, and sleep. Stressful week, yo.

https://lightningcommunity.slack.com/
irc.freenode.net channel #lnd

[realr0ach]

excerpts from article...

“He’s tuned in to a higher calling,” said Kai Nygard, scion of the Canadian clothing company Nygard and a crypto investor. “He’s beyond money.”
Mr. Pierce walked around the tree and said prayers for Puertopia, holding a rusted wrench he had picked up in the territory.


....He kissed an old man’s feet. He blessed a crystal in the water, as they all watched.


....He had also co-founded Tether, which backs cryptocurrency tied to the value of a dollar and whose outstanding tokens are worth about $2.1 billion,


“So, no. No, I don’t want to pay taxes,” Mr. Collins said. “This is the first time in human history anyone other than kings or governments or gods can create their own money.”

sounds legit....

Sounds like the Branch Davidian Waco, Texas compound right before the feds started driving over it with tanks.

[Toxic2040]

Did you try this Bob?
https://medium.com/@dougvk/run-your-own-mainnet-lightning-node-2d2eab628a8b

That was the first link I really looked at. I have zero desire to run "unofficial" releases like that, and would like to be 100% in control of building things from scratch via "official sources", for something critical like a bitcoind and lnd server.

I'll hack around later. My partner is fighting a wicked-awful headache today and I think I want to crawl into bed and cuddle all afternoon, and sleep. Stressful week, yo.

https://lightningcommunity.slack.com/
irc.freenode.net channel #lnd

+5 WOsMerits

[conspirosphere.tk]

Sounds like the Branch Davidian Waco, Texas compound right before the feds started driving over it with tanks.

Except that it's totally legit. No capital gains tax and similar b/s in Puerto Rico.
But hey, if you feel better being assraped by the IRS, just do it.

[jojo69]

sounds like those Puerto Rico boys have ample supplies of good drugs to me

no girls though...huh...

[Biodom]

Sheeit.

Hey Bob, before planning to pay some more millions $ to the IRS, you might want to check this article:
https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

I appreciate it, but I'm the kind of fellow that likes to be way above-board with the IRS.

Zero aspiration to tempt the fates in that regard.

It wouldn't tempt anyone, it's the law, as long as you want to spend at least 183 days of the year there.
Not a bad idea for actually retired person, but would immediately affect only "new" capital gains taxes; for a benefit re the "old" capital gains, you need to be there for a while.
The "luck" will run out in 2035 (or 2036?).
EDIT: that said, some of these guys sound a bit nutty, with all due respect. Imagine what is going on there now :/.
Schadenfreude anyone?

[realr0ach]

Best indicator that the bottom has now completely dropped out of the economy.  Never seen any ads like this before.  Seems like even Huddle and Waffle Houses are now going broke and they're trying to unload them.  The middle class died, lower class has no money to eat there, and upper class cuckold weirdos eat at Star Bucks or something.  RIP Waffle Huddle House.

The Larry Silverstein "pull it" moment is soon:

[realr0ach]

Sounds like the Branch Davidian Waco, Texas compound right before the feds started driving over it with tanks.

Except that it's totally legit. No capital gains tax and similar b/s in Puerto Rico.
But hey, if you feel better being assraped by the IRS, just do it.

I was talking about that tether founder guy, not Puerto Rico.  Plenty of people do the Puerto Rico thing like Peter Schiff.  It's kind of funny seeing Schiff talk about it because he tries to hype it all up but you can tell he doesn't really like it that much there.  I think you're required to live there 183 days of the year to qualify.  183 days of dealing with the most unstable form of Mexicans.

[realr0ach]

But hey, if you feel better being assraped...

... hey now.

It's Make America Great Again, not Make America Gay Again.

[Last of the V8s]

[jojo69]

[sirazimuth]

sounds like those Puerto Rico boys have ample supplies of good drugs to me

no girls though...huh...

All the power to em...count me out tho, thank you.
I myself am not into blessing crystals and kissing  old man toe cheese, but thats just me.

[wayna]

Going down again, just hovering above 9k

Yes, there isn't real signs of a consistent recovery.

I sniff either another dump or a bull trap on the track, before a recovery around 13k.

[deathwish]

How do we get the Bitcoin dominance ratio up back to 50% or more?

When will asses realize that if Bitcoin dominance goes down, the market will fall. BCH and some other altcoins rallying against bitcoin will end the crypto industry.