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

[HairyMaclairy]

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

[1642657911]

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[1642657911]

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[crypto mania]

  lol
Looks like she knows he way around a mic!

... or two.

She probably likes to do it with two microphones, looks like an expert in this field. Strong grip, quick reaction just a professional.

[JayJuanGee]

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

From the context, I gather you are trying to figure out basis and taxes...

When you refer to BFX hack, you mean the supposed BFX hack from August 2016?  And then there was a issuance of BFX tokens that counted for across the board crediting of 36%, and those balance of those BFX tokens that were still in your account (and not traded) were fully redeemed by April 1, 2017.

[Toxic2040]

(-redacted-) killed my buddy yesterday in Islamabad. He continued to drive on red signal and it was entirely his fault, not of my buddy...

God bless his soul. He was a nice person.

I am so sorry for your loss. MVA's are usually tragic for everyone involved.

He'll be back.

We all come back.

Guilty

god I hope not

Feeling the love.

Get a grip, Toxic. 

This is only an interwebs thread.

Snap out of it.     

Needed that reality check...thanks Jay.

--------------------------------------------------------
Bitcoin

Price rebounded off a downward trend line..I would expect a retest of that trend line soon.

#dyor

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

Not really sure..I have people that have people that take care of these things(/s)..but you might look around in here.
https://cointracking.info/new_features.php

[Spaceman_Spiff_Original]

If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood.   We might view a higher price as a positive but also I think it brings some negatives with it, because the market is both buyers and sellers.
  I'm really more interested in the underlying market developing, I know the price is nice to see rise as a positive indicator but revenue and general population of bitcoin users rising is probably a great positive longer term

Assuming a stable purchasing power of USD, 35k BTC will be just as useful money as 5k BTC (except maybe that 35k BTC might be more liquid and less volatile). 
On the other hand, a house is something that you need.  Although there is a certain degree of elasticity, you'll need a certain amount of square footage for you or your family to live in comfortably.  If you can buy that house for 100k, you might be fine.  If you need to buy that house for 1M because of the market, you might be shit out of luck, and your wellbeing will suffer for it.

[nikauforest]

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

That is a tricky one. Have you done a search in the "Enter Coins/ Overview- Manual Import" to see what has happened?( what Cointracking is automatically doing ) I am guessing you are using the API for import?

[JayJuanGee]

Get a grip, Toxic. 

This is only an interwebs thread.

Snap out of it.     

Needed that reality check...thanks Jay.

hahahahaha.....

You seemed to have been on the verge of either a Mike Hearn ragequit or a Rosewater scurry to the cupboards.     

 Of course, an extreme and exceptional scenario would be to digress so far as to get roached..., surely we gotta nip such situations in the bud... because, really, we don't need no more roaches in these parts, if avoidable..... 

[gembitz]

If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood.   We might view a higher price as a positive but also I think it brings some negatives with it, because the market is both buyers and sellers.
  I'm really more interested in the underlying market developing, I know the price is nice to see rise as a positive indicator but revenue and general population of bitcoin users rising is probably a great positive longer term

Assuming a stable purchasing power of USD, 35k BTC will be just as useful money as 5k BTC (except maybe that 35k BTC might be more liquid and less volatile).  
On the other hand, a house is something that you need.  Although there is a certain degree of elasticity, you'll need a certain amount of square footage for you or your family to live in comfortably.  If you can buy that house for 100k, you might be fine.  If you need to buy that house for 1M because of the market, you might be shit out of luck, and your wellbeing will suffer for it.

>_> still useful @ $100 lol

[Last of the V8s]

Respected chartist who recently lost his trading stash Bonavest compares the present with a fractal from 2014/5.
iiuc The different time frames are because of increased activity nowadays.

Maybe the end is near or nearish.

[Ivor Biggun]

Respected chartist who recently lost his trading stash Bonavest...

How did he lose his trading stash? Was it through bad trades?

[Last of the V8s]

Respected chartist who recently lost his trading stash Bonavest...

How did he lose his trading stash? Was it through bad trades?

Well yes

[Erumo]

Tomorrows European Blockchain Summit will impact on bitcoin price. Actually it is already increase bitcoin price for few % since yesterday drop.

[HairyMaclairy]

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

From the context, I gather you are trying to figure out basis and taxes...

When you refer to BFX hack, you mean the supposed BFX hack from August 2016?  And then there was a issuance of BFX tokens that counted for across the board crediting of 36%, and those balance of those BFX tokens that were still in your account (and not traded) were fully redeemed by April 1, 2017.

Yes.  I immediately sold my tokens for something like 25 cents on the dollar and got the hell out.  But I don’t think the transaction history shows how the debit of BTC and USD occurred or the issuance of BFX, only my sale of BFX tokens. All shady stuff.   Fortunately I only had a small amount exposed on the exchange at the time.

I might delete all my BFX data and come back to it later.  Digging into it deeper, it looks like there are other problems. I am showing negative USD balances at various times (and no, I don’t use lending or borrowing).  

Yes I am using the API.  BFX only lets you download 3 months at a time and the UI is awful.  

[El duderino_]

  lol
Looks like she knows he way around a mic!

Mic (goosens) can confirm

I can confirm that the lucky one that working mic’s mic in here is worth everything 

[jbreher]

Shoulda left when I had the chance.

Peru looks like a good option - splendid hills there

It's actually quite interesting to see how they have sectioned off portions of the mountainside for different crops. A patchwork of fabric if you will.

Verily. But with this new info, unfortunately...

your image.

https://i.imgur.com/4ydzdwf.jpg

...  the image is somewhat less compelling.

[HairyMaclairy]

I’m more concerned about the safety issues with the broken railing.

[Last of the V8s]

I’m more concerned about the safety issues with the broken railing.

yuh he edits out nature's glories and leaves a health-and-safety hazard in a falling wedge shape just to rub it in.

[starmman]

Tomorrows European Blockchain Summit will impact on bitcoin price. Actually it is already increase bitcoin price for few % since yesterday drop.

I thought the big one was on the 26th April in Frankfurt

[erre]

Finally I know:that is what is called a self fulfilling prophecy, am I right? You are telling me that we are fighting in the dark meanwhile our hero is gaining back his strenght. Fine by me

Seems like we are risking the dungeon, I'm a little bit afraid of what it might be inside...

[jbreher]

Is a rise to 35,000 a positive in terms of an overall market.  

Yes.

That rapid a price change seems to represent higher volatility.    

represent!? Such would by definition be higher volatility. You gotta problem with that?

Some other thread was asking if everyone would drop BTC if it stayed at 7000 and I mentioned the obvious fact that a stable price helps contract settlement  (pricing confidence).

While true, I can't think of any situation where Bitcoin has ever been employed as the numeraire. Store of value, Medium of exchange, Unit of account. Two out of three ain't bad. Hell, it would be forward progress, should Bitcoin remain usable in commerce (i.e., should MOE not be again eliminated by high fees and uncertain settlement).

If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood.  

Completely different situation. Neither SOV, MOE, nor UOA are affected by the absolute price. If one Bitcoin is too expensive, use a mill or a mike or a satoshi.

Nobody, OTOH, has a use for a tenth of a house.