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

[RealMachasm]

May I get the 28th August 2018 please for the new game please Micgoosens.
Thanks.

[1675891348]

1675891348

[Arriemoller]

If you want to complain about London, complain about Brexit.  Now there’s a fuck up of mass proportions.  All the work is going to Dublin and Frankfurt.

I didn't think London was a part of Britain? Thought they had their own little exclave down there?

You seriously didn't think the capital of England was part of Britain?

EDIT: spelling error.

[Last of the V8s]

[infofront]

If you want to complain about London, complain about Brexit.  Now there’s a fuck up of mass proportions.  All the work is going to Dublin and Frankfurt.

I didn't think London was a part of Britain? Thought they had their own little exclave down there?

You seriously didn't think the capital of England was part of Britain?

EDIT: spelling error.

I think he means culturally.

There's London, then there are the Brexit supporters.

[Biodom]

London is outside of the Republic of London on this map 

[Last of the V8s]

London is outside of the Republic of London on this map 

It seems to be designed for maximum bloodshed.

[jojo69]

London is outside of the Republic of London on this map 

makes at least as much sense as a bunch of the lines we drew in the middle East in 1919

[Arriemoller]

If you want to complain about London, complain about Brexit.  Now there’s a fuck up of mass proportions.  All the work is going to Dublin and Frankfurt.

I didn't think London was a part of Britain? Thought they had their own little exclave down there?

You seriously didn't think the capital of England was part of Britain?

EDIT: spelling error.

I think he means culturally.

There's London, then there are the Brexit supporters.

Or maybe he means  City of London, I have seen some conspiracy sites claim that it's not a part of Britain (it is). https://en.wikipedia.org/wiki/City_of_London

[HairyMaclairy]

[d_eddie]

Recently, fiat settled derivatives are one of my pet worries. There is no proof that they actually did much real damage by themselves yet: some reasonable sounding opinions argue that it's more of a psychological thing, like metaFUD/metaFOMO. These opinions sound reasonable on the basis of the numbers reported. Volume on futures was - is! - too low to harm seriously (although, with the underlying bitcoin market as thin as it is now, nothing is impossible).

However, if Soros and other big players are really getting into the cornfield, it's going to be tough play. I really hope the SEC approves some ETF, but backed by actual bitcoin, stored in blockchain addresses known to the public.

Along the same lines, futures and similar derivatives should be entirely bitcoin-backed. "For delivery", as they say, since delivering bitcoin is as easy as can be. BY doing so, you can push and pull the market only according to how many coins - not dollars - you hold. You can probably push/pull a bit further than that, because exchanges are quick to kiss the right ass, but when you finally have to deliver, you have to buy or sell actual bitcoin. Let the markets (and the unavoidable slippage) do the rest.

[Majormax]

Market history shows that it is safer to short in an established bear market, than at or near ath's.

After a 70% drop, another 70% drop is more likely, not less. Nearly everyone would think it was the other way around.

Not specific to Crypto, just actual history. Whether the 'investors' will be right or wrong, I cannot tell.

[Majormax]

Recently, fiat settled derivatives are one of my pet worries. There is no proof that they actually did much real damage by themselves yet: some reasonable sounding opinions argue that it's more of a psychological thing, like metaFUD/metaFOMO. These opinions sound reasonable on the basis of the numbers reported. Volume on futures was - is! - too low to harm seriously (although, with the underlying bitcoin market as thin as it is now, nothing is impossible).

However, if Soros and other big players are really getting into the cornfield, it's going to be tough play. I really hope the SEC approves some ETF, but backed by actual bitcoin, stored in blockchain addresses known to the public.

Along the same lines, futures and similar derivatives should be entirely bitcoin-backed. "For delivery", as they say, since delivering bitcoin is as easy as can be. BY doing so, you can push and pull the market only according to how many coins - not dollars - you hold. You can probably push/pull a bit further than that, because exchanges are quick to kiss the right ass, but when you finally have to deliver, you have to buy or sell actual bitcoin. Let the markets (and the unavoidable slippage) do the rest.

Agreed.

The future or an ETF are only a proxy for investors who cannot take reponsibility for their own holdings. Unlike Gold or Stock derivatives, I can see no effective transfer mechanism for the derivative price to significantly affect the actual traded price of BTC. 

[yefi]

Or maybe he means  City of London, I have seen some conspiracy sites claim that it's not a part of Britain (it is). https://en.wikipedia.org/wiki/City_of_London

Not heard of that before. I was referring to the divide between London and the rest of the country. They voted in favour of remain during Brexit, and some Londoners argued for separation from the UK.

[HairyMaclairy]

Curious as to why you think Bitcoin is less susceptible to price manipulation via futures than gold?

[Imbatman]

Can I get my birthday for the $12,288 game please?

August 19, 2018

[TERA2]

Super bullish

[HairyMaclairy]

Double bottom = classic TA

Also bottoming tends to be a process rather than an event.

[cAPSLOCK]

Super bullish

[Rosewater Foundation]

The argument for taint and title is strong
http://www.cl.cam.ac.uk/~rja14/Papers/making-bitcoin-legal.pdf

[Torque]

Curious as to why you think Bitcoin is less susceptible to price manipulation via futures than gold?

It is my understanding that in the paper metals world, none of the metal actually moves. No one takes physical possession, or calls anyone's bluff. So no one really knows how much physical metal any of the big bullion banks have stored. None ever get audited.

Even if bluffs were called, excuses would get made and long delays on physical delivery would be routine.

At least with Bitcoin, it's transparent enough that audits are as simple as a signed message. Deliveries are near instantaneous.