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Question: Closing BTC Price June 17:
$0 - 4 (3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.5%)
$7,501-$7,750 - 4 (3%)
$7,751-$8,000 - 12 (9.1%)
$8,001-$8,250 - 13 (9.8%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.5%)
$8,751-$9,000 - 11 (8.3%)
$9,001,$9,250 - 13 (9.8%)
$9,251-$9,500 - 17 (12.9%)
>$9,500 - 17 (12.9%)
$20,000 - 9 (6.8%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21228710 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (66 posts by 16 users deleted.)
goldkingcoiner
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December 23, 2018, 12:27:48 AM

Quote
Warning:

Movement HODLERS if you do not have your private keys you do not have Bitcoin, Trace Mayer [Jan / 3➞₿ 🔑∎] want the day January 3 2019 to be an annual celebration to declare the monetary sovereignty with the withdrawal of all the BTC from the exchanges.

Proof of Keys on Jan. 3 Gains Traction

https://twitter.com/TraceMayer/status/1071870548421066753?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1071870548421066753&ref_url=https%3A%2F%2Fethereumworldnews.com%2Fbtc-withdraw-bitcoin-exchanges-proof-of-keys%2F

https://news.bitcoin.com/support-grows-for-bitcoin-proof-of-keys-on-jan-3/

https://bitcoinexchangeguide.com/bitcoins-proof-of-keys-protocol-continues-to-gain-support-honoring-btcs-10th-anniversary-jan-3-%F0%9F%94%91/

If it is fulfilled, it will be a tough Stress Test for exchanges.
The problem may be in exchanges that are not solvent or those that manipulate the books.

What do you think about this?

Will collapse bitcoin transactions if there is an exchange that does not have its bitcoins for the withdrawal of its clients?

<...>
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I've thought a bit about it, and I think it is a good concept, although the implementation isn't perfect.

Why good?

- Getting btc out of exchanges is good pricewise: it's likely to "transient enhance" upspikes and dampen downspikes, although the effect tends to zero in the presence of real forces pushing/pulling the price.

- Getting btc out of exchanges is good as a warning or preventive disciplinary action for those exchanges who play with the customers' coin, rehypothecating it or using it for investment without telling them or letting have their fair share. It is also good against other forms of book cooking.

Why implementation not perfect?

People in the know already hold their own keys - well, mostly at least. There won't be many of them who move their funds; not enough tomake a difference IMO. As an example, I do have some coin on a few exchanges, but that's not a significant part of my stash. It is a small part of my play money, and it's good for me to keep it there until I get out of my positions and I move them to the freezer.

On the other hand, people who haven't seen the truth in "not your keys, not your coins" (new coiners but not only!) likely have substantial parts of their funds in an exchange. If they join the Jan 3 Proof of Keys "flash move", it will likely be near the deadline. The sheer number of small transactions is likely to make the mempool go crazy. Do we really want that?

However, if the wave of withdrawals is as sudden as I imagine it could be, it could be even more effective against cheating exchanges, so why not? The mempool will get down to sanity reasonably quickly.

Summing up, as far as I'm concerned the jury's still out on Proof of Keys day.

I am so on board. Although I obviously hodl out of exchange... But still. This is great. Screw exchanges like Bitstamp for the way they abuse AML to their own advantage.
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bitserve
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December 23, 2018, 12:29:47 AM
Last edit: December 23, 2018, 12:51:25 AM by bitserve

It is not if the Bitcoins we hold on exchanges are a significant part of out stash (which should not be for reasons well known) the question is if it will be a significant part of the exchanges stash.

Also and some people here have hinted it (even if backwards)... chain analysis. Yeah, but not of the users but of the exchanges. It will be an exceptional opportunity to clearly identify hot, warm and cold wallets of most exchanges in addition to what we already know. To quantify holdings and, more importantly, to extrapolate the impact on the cold wallets in relation to the average "proof of keys".

I don't know why some people think 3 january is the day they should do the withdrawal, that's crazy, it should be done way ahead. 3 January is the day where everyone wanting to follow should have already been out for the whole day.

Things like this maybe would push exchanges to implement a proof of funds in the way I outlined like one year ago. The fact they are not doing it already, being a very simple process to implement, makes me very suspicious.

For the first time in history we have some asset that can be cryptographically proved to be 100% non fractional and we are not taking advantage of that. Shame.
bitserve
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December 23, 2018, 12:33:51 AM
Last edit: December 23, 2018, 12:46:55 AM by bitserve
Merited by BobLawblaw (2), micgoossens (1), goldkingcoiner (1)


And i do believe she not going for my shit..... i’m not best opsec as most think, but i got my financial shit in good places, and my GF is wealthy enough so she doesn’t need to pull of Some tricky shit with me Roll Eyes


^ That is one of the more important qualities a woman should have for being considered an acceptable partner. Obviously not the most important, more like a prerequisite. Gives peace of mind in many ways.

P.S.: Maybe not way more wealthy than you either. I have also had a couple of those and were insufferable, but maybe I was just unlucky in those particular cases, donno.
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December 23, 2018, 12:35:31 AM
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Good price discussion, if this doesn't hold 4100, it will be at 3700 in six days.
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December 23, 2018, 12:37:45 AM

No matter what it is... i Will stick with my white girl (no bad feelin against other woman, but thats just what my GF is)

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December 23, 2018, 12:39:02 AM
Merited by vapourminer (1), xhomerx10 (1), VB1001 (1)

BTW, if you guys are looking for a great site to extract images for meme material, check this shit out.

https://www.remove.bg/

Saw it on Twitter a couple days back. Some machine-learning app type thing that takes an image, and erases the background, only leaving the human behind.

It's how I extracted Mr. Sutherland for the Photoshop work.

It's fucking sorcery. Sheeeit !
micgoossens
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December 23, 2018, 12:48:54 AM

No matter what it is... i Will stick with my white girl (no bad feelin against other woman, but thats just what my GF is)

https://i.imgur.com/j9AS1Xt.jpg
I think all know .... that i’m much, but not a racist, Nice try on whatever attemp you try’d to pull of there Roll Eyes

Bed time
HODLpit is calling for this Hodler

Good night WO’s
micgoossens
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December 23, 2018, 12:50:22 AM

BTW, if you guys are looking for a great site to extract images for meme material, check this shit out.

https://www.remove.bg/

Saw it on Twitter a couple days back. Some machine-learning app type thing that takes an image, and erases the background, only leaving the human behind.

It's how I extracted Mr. Sutherland for the Photoshop work.

It's fucking sorcery. Sheeeit !

Nice man

Gonna check it out tomorroW

Have a few beers and buy Some coin Wink
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December 23, 2018, 01:05:13 AM

Nice man

Gonna check it out tomorroW

bitserve
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December 23, 2018, 01:08:39 AM

r0ach, you are making no sense. You should also go to your ((silver)) bed already.

And buy some coins. Even if you don't believe in crypto anymore you should be hedging. You are being recklessly irresponsible with your finances, and you know it.
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December 23, 2018, 01:17:02 AM

RIP the myth that "only old people" like physical metals and imaginary, valueless, digital scamtokens "are the future".  Pro-metals and anti-digital shitcoin site SRSRocco demographics breakdown:

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December 23, 2018, 01:20:10 AM

No matter what it is... i Will stick with my white girl (no bad feelin against other woman, but thats just what my GF is)

https://i.imgur.com/j9AS1Xt.jpg
I think all know .... that i’m much, but not a racist, Nice try on whatever attemp you try’d to pull of there Roll Eyes

Bed time
HODLpit is calling for this Hodler

Good night WO’s

Good night, hodl your dreams...
bitserve
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December 23, 2018, 01:21:00 AM

Please go to bed, you keep embarrassing yourself, this time showing your ignorance about how the data for those statistics is gathered. I expected much more from you. Or maybe not. Whateva.
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December 23, 2018, 01:32:21 AM

BTW, if you guys are looking for a great site to extract images for meme material, check this shit out.

https://www.remove.bg/

Saw it on Twitter a couple days back. Some machine-learning app type thing that takes an image, and erases the background, only leaving the human behind.

It's how I extracted Mr. Sutherland for the Photoshop work.

It's fucking sorcery. Sheeeit !

Nice man

Gonna check it out tomorroW

Have a few beers and buy Some coin Wink
Bow to the new overlords.
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December 23, 2018, 01:34:47 AM

Why in the world we would need this network stress test? Everything works as expected. Looks like an evil plan to sabotage BTC

Because without something like this, we really don't know the extent to which exchanges my be engaging in partial reserve and rehypothecation.
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December 23, 2018, 01:35:07 AM

Good price discussion, if this doesn't hold 4100, it will be at 3700 in six days.

Not easy to say.

I would suggest that currently, BTC is floating within a battle range of about $3,700 to $4,200, and likely there is no reason  to get excited about price movements within that range, except that currently there seems to be a bit of a mini-battle about whether the price should be over $4k or under.

On a personal level, I would not mind seeing BTC prices go above $4k and never to see below $4k again.. but surely that is wishful thinking, and at this point, it is quite difficult to determine which way is going to prevail in our current price battle.  We know that if BTC is really in a bear market (like it seems to be) than the odds for down are greater than the odds for up, even though prices might break up before down and even save some of the downward breakage for over this holiday weekend into next week. 

Probably only the whales have a decent thumb about how much coin (or dollar) that they are willing to spend on this battle and at this hill - and surely I would NOT be surprised if many of them are puzzled too, regarding how much coin or dollar that they will be willing to spend to push their side of the narrative.
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December 23, 2018, 01:36:58 AM

I expected much more from you.

Yes, I realize I'm the only beacon of light in a thread full of tards and scammers, but someone else needs to carry the torch sometime.  The only other person I know of involved with shitcoins who isn't a clinical liar and scammer is probably this guy (his Youtube channel):

https://www.youtube.com/watch?v=IaTBXDvxxzI

Great Youtube channel.  I talked to him about metals and the only reason he seems to prefer shitcoins more is because he's some type of Elwar guy that moves around a bunch of 3rd world Asian countries and it's easier to get them through an airport.
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December 23, 2018, 01:38:11 AM

BTCMILLIONAIRE is a very trusting soul.
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December 23, 2018, 01:48:40 AM
Last edit: December 23, 2018, 01:59:02 AM by realr0ach

BTCMILLIONAIRE is a very trusting soul.

Nobody shilling for centralized, imaginary, valueless tokens that are completely inferior to physical metals as a currency and settlement system is trustworthy.  The only possible reason someone could do such a thing is entirely self interest (pump and dump).  

That's why all these Bitcoin cruises and meetups are fucking miserable.  The only four possible participants in such a system are sociopaths, psychopaths, liars, or fools who can't figure out it's not even possible to create a decentralized digital currency in the first place.  Transaction validators will always centralize in every single one, and the endgame of all of them will be a permissioned ledger tracking and control grid like the Chinese social credit score system.
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December 23, 2018, 02:27:46 AM

It is not if the Bitcoins we hold on exchanges are a significant part of out stash (which should not be for reasons well known) the question is if it will be a significant part of the exchanges stash.

Also and some people here have hinted it (even if backwards)... chain analysis. Yeah, but not of the users but of the exchanges. It will be an exceptional opportunity to clearly identify hot, warm and cold wallets of most exchanges in addition to what we already know. To quantify holdings and, more importantly, to extrapolate the impact on the cold wallets in relation to the average "proof of keys".

I don't know why some people think 3 january is the day they should do the withdrawal, that's crazy, it should be done way ahead. 3 January is the day where everyone wanting to follow should have already been out for the whole day.

Things like this maybe would push exchanges to implement a proof of funds in the way I outlined like one year ago. The fact they are not doing it already, being a very simple process to implement, makes me very suspicious.

For the first time in history we have some asset that can be cryptographically proved to be 100% non fractional and we are not taking advantage of that. Shame.

Sharp as usual. Deserving merit, but for the time being I must work with what I have.

+1 WOsMerit.
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