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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25463046 times)
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BTCMILLIONAIRE
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February 28, 2018, 09:51:34 PM

Mark my words, before too long banks will be offering to hold your bitcoin for you (securely of course) and transferring between fiat to btc, and back, with little to no fee as incentive.

I'll say it again. I would trust some of my btc to a traditional bank, as long as

- The deposit is backed by (audited) crypto or undilutable bank stock (ordinary bonds would be OK too)

- I get my interest (in btc). A reasonable 10% or something like that, depending on market conditions.

These banks will find out that luring old school hodlers to part temporarily with their precioussss takes more than a flashy brochure.
They can shove 10% up their ass. I'd rather support a public firm at those rates. And any higher than that they can't guarantee anyways. I'd consider a bank safe with a hardware or paper wallet if it was insured for the fiat equivalent of the Bitcorns regardless of market situation, but I don't think there are any insurances that cover dynamic valuations without extracting insane fees that would render the whole deal uneconomical.
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JayJuanGee
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February 28, 2018, 09:54:39 PM

First official day of retirement.

Woke up. Not sure what day it was.

Rick texted me and is totally fucking jelly that I'm a free man.

Already on beer #4.

Think I'm going to take a nap after this beer.

*yawn*

Fuck this downward-sideways bullshit. $11k is being a whore.

EDIT: ... although if mempool activity is any indicator, we're shaping up for a bullish afternoon/evening.


Did you remember to check on the status of the cat? 

You better get woke that retirement does not relieve you of all responsibilities.
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February 28, 2018, 09:58:01 PM
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Mark my words, before too long banks will be offering to hold your bitcoin for you (securely of course) and transferring between fiat to btc, and back, with little to no fee as incentive.

I'll say it again. I would trust some of my btc to a traditional bank, as long as

- The deposit is backed by (audited) crypto or undilutable bank stock (ordinary bonds would be OK too)

- I get my interest (in btc). A reasonable 10% or something like that, depending on market conditions.

These banks will find out that luring old school hodlers to part temporarily with their precioussss takes more than a flashy brochure.
They can shove 10% up their ass. I'd rather support a public firm at those rates. And any higher than that they can't guarantee anyways. I'd consider a bank safe with a hardware or paper wallet if it was insured for the fiat equivalent of the Bitcorns regardless of market situation, but I don't think there are any insurances that cover dynamic valuations without extracting insane fees that would render the whole deal uneconomical.

They couldn't give any interest rate unless they were allowed to:

a) Running fractional reserve
b) Shorting the market (selling YOUR BTC)

There's absolutely no way I can think of... unless a market of fully insured Bitcoin lending would exist and offered better returns than those 10% they would give you... which it doesn't.

You could be glad if they don't charge you a custody fee for holding your BTC.

I wouldn't mind storing some BTC with them, at no interest rate, if they wouldn't charge me any fee for that AND it was fully insured (to the full BTC amount, not fiat value). I would be doing it as another "diversifying" on my hodling/storing strategy.

But it is not gonna happen because the numbers don't add up.
BTCMILLIONAIRE
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February 28, 2018, 10:03:03 PM

First official day of retirement.

Woke up. Not sure what day it was.

Rick texted me and is totally fucking jelly that I'm a free man.

Already on beer #4.

Think I'm going to take a nap after this beer.

*yawn*

Fuck this downward-sideways bullshit. $11k is being a whore.

EDIT: ... although if mempool activity is any indicator, we're shaping up for a bullish afternoon/evening.


Did you remember to check on the status of the cat? 

You better get woke that retirement does not relieve you of all responsibilities.
Just buy a new one?

Mark my words, before too long banks will be offering to hold your bitcoin for you (securely of course) and transferring between fiat to btc, and back, with little to no fee as incentive.

I'll say it again. I would trust some of my btc to a traditional bank, as long as

- The deposit is backed by (audited) crypto or undilutable bank stock (ordinary bonds would be OK too)

- I get my interest (in btc). A reasonable 10% or something like that, depending on market conditions.

These banks will find out that luring old school hodlers to part temporarily with their precioussss takes more than a flashy brochure.
They can shove 10% up their ass. I'd rather support a public firm at those rates. And any higher than that they can't guarantee anyways. I'd consider a bank safe with a hardware or paper wallet if it was insured for the fiat equivalent of the Bitcorns regardless of market situation, but I don't think there are any insurances that cover dynamic valuations without extracting insane fees that would render the whole deal uneconomical.

They couldn't give any interest rate unless they were allowed to:

a) Running fractional reserve
b) Shorting the market (selling YOUR BTC)

There's absolutely no way I can think of... unless a market of fully insured Bitcoin lending would exist and offered better returns than those 10% they would give you... which it doesn't.

You could be glad if they don't charge you a custody fee for holding your BTC.

I wouldn't mind storing some BTC with them, at no interest rate, if they wouldn't charge me any fee for that AND it was fully insured (to the full BTC amount, not fiat value). I would be doing it as another "diversifying" on my hodling/storing strategy.

But it is not gonna happen because the numbers don't add up.
Pretty much that.

They'll find a way to charge, and it won't be worth it for the customer. But there will probably still be people who will go with it just because they're too lazy to research security.

On the other hand, it might be worth putting an encrypted private key into at least one safe safe.
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February 28, 2018, 10:10:16 PM

b) Shorting the market (selling YOUR BTC)

A new BTC lending facility (from $100K up) has been just launched, apparently designed just for that. I guess that the "institutional" enemies of btc will use it liberally.
https://www.coindesk.com/genesis-trading-launches-crypto-lending-service-investors/
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February 28, 2018, 10:29:14 PM
Last edit: February 28, 2018, 10:41:21 PM by bitserve


On the other hand, it might be worth putting an encrypted private key into at least one safe safe.

Most of my BTC is on hardware wallets and a smaller part on exchanges for trading purposes (probably only around 10% currently) so I feel comfortable with my storing strategy. But I wouldn't mind "diversifying" a small percentual part of my storing into an online third party *IF* it was fully insured... and no custody fee. That's what I meant.

BTCMILLIONAIRE
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February 28, 2018, 10:46:50 PM


On the other hand, it might be worth putting an encrypted private key into at least one safe safe.

Most of my BTC is on hardware wallets and a smaller part on exchanges for trading purposes (probably only around 10% currently) so I feel comfortable with my storing strategy. But I wouldn't mind "diversifying" a small percentual part of my storing into an online third party *IF* it was fully insured... and no custody fee. That's what I meant.


I know, but you won't get a fully insured storage without paying an insurance fee in one form or another. If you pay it directly you know what you're getting into... with a proper contract. If you're getting the storage "free" you're paying it behind the scenes, potentially through the bank or exchange trading your Bitcorns. And at that point the counterparty risk increases dramatically. And I think we all know that banks don't keep sufficient backups and whine for bailouts when they fuck up.
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February 28, 2018, 10:49:14 PM

b) Shorting the market (selling YOUR BTC)

A new BTC lending facility (from $100K up) has been just launched, apparently designed just for that. I guess that the "institutional" enemies of btc will use it liberally.
https://www.coindesk.com/genesis-trading-launches-crypto-lending-service-investors/
What a good proposal, lending is a good opportunity to many users I guess thru help of this project many people guarantee getting fund to start a new life and a good business in crypto currency community.

However in this article the interest rates were not tackle, even the mode of payment of the borrower's. Hopefully they were give a interest table or interest rate per month or weeks.

Good job, looking forward to the day of launching of this project.
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February 28, 2018, 10:57:03 PM

Good job, looking forward to the day of launching of this project.

It seems that they lend just their own funds, and their clients borrow and trade. If you want to lend there is Finex and Polo (*).

(*) Not financial advice, expressed or implied
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February 28, 2018, 11:02:47 PM

Were going down again....

Wtf is going on.... Huh

silent crypto war...guess who are main playerz Wink

Yea But what is the reason the presure is quit high to keep the price down
Just relax bro it was not maintain in the lower price, so be patience waiting. Just hold the amount you have as you can, because I'm pretty sure that their value are growing up at the right time.

You need to trust and don't be pressured if the price are keep going down, because it is not permanent right?

I know mate But we want to see choooc choooo Thats why No patience  Roll Eyes
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February 28, 2018, 11:08:55 PM

We think its the slightly bearish Toucan pattern on the charts Bob..sorry about that.
We will keep a close eye on this folks..should pass soon. Just remember to #btfd.
And now back to your regular scheduled program.

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February 28, 2018, 11:17:16 PM

First official day of retirement.

Woke up. Not sure what day it was.

Rick texted me and is totally fucking jelly that I'm a free man.

Already on beer #4.

Think I'm going to take a nap after this beer.

*yawn*

Fuck this downward-sideways bullshit. $11k is being a whore.

EDIT: ... although if mempool activity is any indicator, we're shaping up for a bullish afternoon/evening.
Congrats!

Hoping to be in the same boat sometime this year if last year's trend continues.
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February 28, 2018, 11:39:32 PM

Come on..  Last push to close the monthly candle...  We shall fight!




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February 28, 2018, 11:40:58 PM

Fight on the beaches. Just don't tilt against the tide. If you know what I mean.
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February 28, 2018, 11:44:58 PM

Good job, looking forward to the day of launching of this project.

It seems that they lend just their own funds, and their clients borrow and trade. If you want to lend there is Finex and Polo (*).

(*) Not financial advice, expressed or implied

Thanks but for now I just want to build first the trust on me before I join in the other kind of source of income. But I just try to visit the info you give, maybe it was already established for many years so I don't need to worry about this. I wish I could help regarding lending, because I'm also part of a lending institution so I just only give an opinion and suggestions with that matter.

Were going down again....

Wtf is going on.... Huh

silent crypto war...guess who are main playerz Wink

Yea But what is the reason the presure is quit high to keep the price down
Just relax bro it was not maintain in the lower price, so be patience waiting. Just hold the amount you have as you can, because I'm pretty sure that their value are growing up at the right time.

You need to trust and don't be pressured if the price are keep going down, because it is not permanent right?

I know mate But we want to see choooc choooo Thats why No patience  Roll Eyes
Your sounds funny, sooner or later it will raised up trust them, they can't make you disappointed.
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February 28, 2018, 11:46:07 PM

This is what I mean
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March 01, 2018, 12:01:17 AM
Merited by STT (1), bitserve (1), HairyMaclairy (1)

First official day of retirement.

Woke up. Not sure what day it was.

Rick texted me and is totally fucking jelly that I'm a free man.

Already on beer #4.

Think I'm going to take a nap after this beer.

Welcome to the club. Isn't freedom fun?

If you don't mind me saying so though, you're acting like a bit of a noob. Getting shitfaced on beer first thing in the morning gets a little boring after a while. In fact full retirement gets boring.

I strongly recommend semi-retirement. You can still earn money and keep active after retirement. You just get to do it on your own rules and at your own pace. If it's fun and profitable, do it. If not, take a pass. Stress is a killer.

Many people who've worked their entire lives get so stressed by inactivity that they drop dead within a few years after retiring.

Hobbies help, but they may as well be hobbies you're paid for. Travel is also excellent. It pays handsome dividends in experience.
_____

I quit my last "job" in 1976. I still continued making pretty good money playing music in bars. I never considered it to be work. It was a hobby for which I was paid. I earned money for traveling, meeting people, partying and a lifestyle of sex&drugs&rock&roll. Above all, it was fun.

Now there's no money in playing music but I still do it, albeit a few times a month instead of every day. In fact I'll be onstage in 2 hours. Maybe some young milf babe will hit on the old guy who still rocks.

In 2 weeks I'll be back in Mexico. Indeed, retirement (or semi-retirement) is fun.



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March 01, 2018, 12:16:43 AM

Everybody has such a positive attitude. It's refreshing.
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March 01, 2018, 01:02:54 AM

Personally afternoon naps are the bomb Cheesy   I tend to wake up early 5:30 to 6am then do my thing until noonish then nap time.   Good to go until all hours of the night doing what I want. 
JayJuanGee
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March 01, 2018, 01:08:11 AM
Last edit: March 01, 2018, 01:32:18 AM by JayJuanGee

You better get woke that retirement does not relieve you of all responsibilities.

Yeah yeah, wordy-man. I set my alarm for 4:45pm and got him to his appt @ 5:30pm.

He's recovering very well, thanks ! We caught the pneumonia so quickly, they were not able to definitively diagnose if it was bacterial or aspirate induced (as a result of giving him oral meds).

A set of shots tomorrow, another set of shots on Friday, along with an x-ray, and he should be fully recovered.

ARE YOU FUCKING HAPPY NOW ?!

Let me see if I can put this response from me to you as tersely as humanly doable under these very circumstances for uie, uie, uie (and ur cat and ur partner), which is not an easy endeavor for some kind of peeps who shall remain without labels (at least from my perspective)...

I can read between your lines of your above response and from my vast experiences, I can see what is going on.. which is that I do recognize that you are NOT treating kitty dee caty, very responsibly, prudently nor within kitty caty standards of due care, diligence nor lovingly, and for your own attention span and seeming online interests, it may be MOAR gooder to LET KITTYcaty THE FUCK GO, and invest ur gay selfie into some kryptokitties, which seem to be more in line with your recently developing new interwebbie and cybernettie focuses.

Furthermore, based on my further readings of the situation (and my intuition, too) you seem to be WAY TOO MUCHIe Overstressed, and you need to:

CALM


THE


FUCK


DOWN

!!!!!!!!!!  
 

Angry Angry Angry Angry


Disclaimer, in the event of a proper titling of this section of my response to you.  Please NOTE:  I already know and recognize base on my fairly decently long life experiences and viewing of the situations of others on the interwebs and in real life that affirmatively asserting that some peep, such as ur selfie to, "calm the fuck down" is very very very very very very very very very very very very very very very very therapeutic in the stress-relieving direction, so you can thank me later for that, and maybe even send me the bitcoin difference between your old psychiatric bill and the new reduced one..    We could call that a tip, a gift or something else, and I am not completely sure about how to treat such transfer of value from you to me for purposes of tax purposes, so try to keep your value trajectory into my direction under $10k (like $9,999.50 may be reasonably reduced, and I will figure out how to handle the situay during 2019 tax season.    And, by the way, don't try to send me any kind of crypto other than bitcoin.. because my signature and little blurb below my avatar speaks volumes of dee truthie about what really matters in this crypto world and these crypto tymes and that beeeee  deee bitcoins. Wink Wink    Tongue Tongue
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