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

[bitserve]

But to be honest, we have had a great growth since the very next day after my "capitulation" post so I don't see any reason to uncapitulate yet. Plus we are not really out of the woods. Bear market is probably not dead yet no matter if we already saw the bottom or not (which I really don't know for sure).

I am starting to get the feeling that you, bitserve, are trolling us with your capitulation status, for effect.

My "capitulation" post was truly honest and a fair representation of what I was feeling at the time. Of course, even then, I was hoping to be wrong (in fact I state exactly that in the post). After that, we have had some "fresh air" in the form of a nice price growth but, even if sometimes my level of hope raises, I still fear the worst and know there's no reason to think we are out of the bear market. Yesterday events prove my fears are not unjustified.

Of course any of us who went through the bear market of 2014/15 and/or the downward price movements of 2018 feel a level of shell shock - but there is also some degree of normalcy in UP and DOWN price moves, including yesterday's.  In other words, we are not likely to go up until there is a considerable amount of back and forth in the price... And, I agree that we are no where close to being out of the bear market... give me supra $5k and I might begin to feel some confidence and give me supra $6k and my confidence goes even higher.

So no, I am not trolling, even if I am being INTENTIONALLY cautious in trying not to be carried out by the joy (FOMO?) when a pump comes. As I said, we are absolutely NOT out of the woods, so my "capitulation" status will remain until further notice.

Let's be clear (again) that I am HODLING. As always since when I started in 2013 (with small amounts back then, unfortunately).

No buying plans?  sub - $2,500 perhaps?

Currently, my buy orders are resuming in the sub $3,700 arena... after a bit of a hiatus due to personal cashflow issues... but feeling prepared for DOWN... even though UP is so much more preferable... but reality of several months seems reasonable.

By the way, there is so much feeling of DOWN out there that it could be the opposite and merely BIG players accumulating shitloads of the weak hands here... Any weak hands even left?  Perhaps the bearwhales have to dump another 20k coins in order to find out if there are any more weak hands remaining to purge?

Let's also make very clear that I have never been a bear market buyer, so DYOR/YMMV. Neither a FOMO'er (except when an ATH has JUST broken). I buy when I sense a bear market is over and stop doing it (with "fresh" deposits) when I think things are getting (way) out of hand. The rest of the time I just let it run as a happy hodler... besides some volatility scalping here and there.

So, hypothetically, if the bottom is already "in" at $3120-ish, then you may end up buying on the way up?  or maybe 6-9 months later if BTC prices are still in the sub $5k arena?

P.S.: I have updated my profile to make it more clear. I have finally found an use for that feature lol

Ok.. that notice should be helpful to figure out if or when you are out of capitulation status.

You always make overly complicated to reply by splitting a single post into many paragraphs. Anyway, I will reply by numbering:

1-) Basically agree.

2-) I had some buying plans yeah, problem is that I am in a "stressful" IRL financial situation. My fiat reserves are not as spare as previously. So any buying plan got to be postponed or very well thought. I can afford to hodl, but buying more could end to be a reckless decision in MY current situation. Otherwise I would probably be buying.

Once I realise what my current capabilities exactly are I will reevaluate my buying (with "fresh" deposits) plans.

3-) Yes I could be buying in the way up even if it is a higher price. Two main reasons:

- It could be way more clear the uptrend will continue or the bottom is SURELY in (less downside risk).
- I could be in a better financial situation by that time so that I can reasonably "risk" more on crypto.

[Toxic2040]

Maybe not all of the marbles..but a fair bit too be sure. SpaceX launchs the Crew Dragon in a little over 5 hours in a critical mission to obtain certification to begin flying astronauts to the ISS for NASA. Stay tuned. 

t-minus 5 hours

CREW DEMO-1 MISSION



https://www.spacex.com/webcast

------------

In other rocket news, if you get a chance...go see Apollo 11 in IMAX. Extraordinary archival 70mm never before seen footage of the first manned mission to the Moon. Its epic..highly recommend it. It brings back memorys of that magical time when our whole species was focused on a single event. The entanglement was palpable and the air electric..even though I was very young I shall never forget it. I have only had this feeling a few times in my life and I tell you true one of the others was when I first heard of Bitcoin. Anecdotal evidence at best but still I think there might be something to it.

I believe we are on the cusp of such times again and it fills my heart with joy thinking about what amazing things I will yet witness in the near future. This summer..July 20th will mark the 50th anniversary of this event, I hope everyone can find renewed passion for exploration and grand dreams of reaching out to the stars. Our destiny. 

[xhomerx10]

Edit: account closed

Good man


Bitstamp accepts credit cards and USD deposits

 Thanks!  I'll look into signing up once I'm finished night shifts.  There is too much room for error when I'm sleep deprived.

[Icygreen]

Edit: account closed

Good man


Bitstamp accepts credit cards and USD deposits

 Thanks!  I'll look into signing up once I'm finished night shifts.  There is too much room for error when I'm sleep deprived.

Don't expect to use any cards from CIBC, Scotia, TD, or BMO.

[bitserve]

@Elwar

Nice accomplishment you have done by being the first ever seasteader in history (or so it seems?).

One little suggestion for your prototype, I would add a cone to the bottom and also a circular metal sheet around the circumference of the seastead and fill it up with PU for added thermal insulation, reduced water/air resistance, and extra flotability in the "worst case scenario".

Maybe you already considered it and disregarded? If so, can I ask why?

Again, congrats on your achievement and best of luck!

[El duderino_]

LOL  

BTW

Just online write FART spray a D you’ll get there

Good @Frankfurt gonna immediatly use it here on Some germans ( not on but close to )

Have you already used it as of now?

Yeah it kills time.... 3hour waiting last flight and i’m done....

I must say i’m broken..... but really broken, can’t see no Plaine no more

Btc still the same

[fillippone]

I have deleted my Coinbase account.



#deletecoinbase

 Dammit!  I just signed up for Coinbase after my Quadrigacx boondoggle... I haven't given any personally identifying info yet.  I'll cancel my account asap.
 It might be better for my fragile ego if I just resign myself to the status of ever-hodler.  That's it.  I'm never selling!  They'll have to pry my bitcoin from my cold dead wallet... or dead cold wallet?  Whatever!  Doesn't matter because I'll be dead.

 Edit: account closed

No need to close Coinbase when you never opened one in the first place because you always knew those were exactly against all the true principle of Bitcoin, shilling shitcoins (Bcash mani option?), supporting attacks to Bitcoin (Segwit 2x) and working for the government from inside the system.

[Hueristic]

So which one of you is this ? Who's the Rebel from Serbia ?

https://twitter.com/SkaziCrypto/status/1101481126374330368

That would have looked ok on the side of the neck.

Good morning Bitcoinland. Watching a bunch of toucans feasting on berries in a nearby tree as I drink my morning coffee. Gorgeous sight. So much color.

Meanwhile, the price of bitcoins has flattened out at around $3.8k... currently $3839USD/$5075CAD (Bitcoinaverage).

Seems we're still hibernating during Bitcoin "winter". Hopefully springtime is just around the corner.

C'mon Bitcoin. Rise and shine.

[JayJuanGee]

[edited out]

You always make overly complicated to reply by splitting a single post into many paragraphs. Anyway, I will reply by numbering:

1) I am not the only person who does that,
2) It should not be overly complicated because it put the response right below the idea that is being responded to
3) it is probably more complicated and confusing to number like you did, because your response became separated from what you were responding to.
4) I am likely not going to stop how I respond because I think that it is more clear
5) Most of the time, I have no issue regarding how others respond because most of the time, I can a) figure out what they are saying and 2) determine from what they said the extent that I want to respond

1-) Basically agree.

o.k.

2-) I had some buying plans yeah, problem is that I am in a "stressful" IRL financial situation. My fiat reserves are not as spare as previously. So any buying plan got to be postponed or very well thought. I can afford to hodl, but buying more could end to be a reckless decision in MY current situation. Otherwise I would probably be buying.

Hey.. I can completely understand that sometimes there has to exist an adequate enough fiat cushion before there is enough comfort to buy.

I had been going through some non-buying for a while, and also selling below my preferred numbers because I had some cashflow issues and some expenses that could NOT be put off.  In essence, I had taken some chances by NOT shaving off a bit of profits in the supra $6k territory, so I became inconvenienced by selling some coins below $6k.. It was a decently small portion of my total BTC investment (probably less than 10%, but could even be less than 5%, but I am NOT completely clear with the various ways that I could clarify the calculations regarding how I dealt with the whole cashflow situation).  I was pretty happy with the spike down to $3,650 a couple of days ago that almost immediately bounced back up to $3,800, because it triggered some decent sized buybacks of mine that only became possible because BTC prices have been hovering down in this largely $3,400 to $4,200 price arena for so long and some of my cashflow is sorting itself out and giving me some adequate cushion to justify resetting a decent number of my buy orders.

Once I realise what my current capabilities exactly are I will reevaluate my buying (with "fresh" deposits) plans.

That is what I am saying too, and part of the reasons for my inquiries is because reassessment can develop with the passage, but still might not justify buying BTC unless you are able to figure out a way that a cushion is sufficiently created... just like your assessments and intentions for possible reassessments seem to be allowing.

3-) Yes I could be buying in the way up even if it is a higher price. Two main reasons:

- It could be way more clear the uptrend will continue or the bottom is SURELY in (less downside risk).
- I could be in a better financial situation by that time so that I can reasonably "risk" more on crypto.

Another reason that could justify buying on the way UP rather than buying on the way DOWN is that if you are largely a HODLer that has taken losses on the previous DOWNwards price moves,  when BTC prices go up, the whole value of your assets (most importantly bitcoin holdings) has gone up, and therefore, in some ways has caused a value cushion that gives you enough value to justify buying moar BTC.

[Millionero]

Casa announced two new multi-sig security producs to everyone.



https://www.theblockcrypto.com/2019/02/28/casa-is-dramatically-shifting-its-business-and-its-kicking-off-with-two-new-products/

https://blog.keys.casa/multisig-security-for-everyone-keymaster/

No need to pay ripoff prices.
Using simple combinatorics you can set up (for example) a three-of-five secret sharing scheme.
Divide a long random number (your entropy*) into ten concatenated segments Seg(1), Seg(2)... Seg(10).  Assign each segment to a row in this table.  Each row has three red blocks.  Give Seg(i) of the rand to each person who has a red square in row(i).
Any three persons out of the five can put their shares together and recreate the entire rand.

Note that for a two-of-five secret sharing scheme, you would need four red blocks in each row, the combinatoric "5 choose 4" which has five rows.
A four-of-five secret sharing scheme would require two red squares in each row.  5 choose 2 has ten rows.
*Since a bitcoin address privkey is based on a 256 bit random number, you could simply use a 256 bit rand and create a bitcoin privkey directly from that.  In that case, each segment of the key would have 25 or 26 bits, which might not be enough security for you.  To increase security, you could use a 1000 bit rand so that each segment has 100 bits.  Then derive the privkey from the 1000 bit number, perhaps by simply hashing it down to 256 bits using sha256sum (the way bitaddress.org does it).

[Elwar]

@Elwar

Nice accomplishment you have done by being the first ever seasteader in history (or so it seems?).

One little suggestion for your prototype, I would add a cone to the bottom and also a circular metal sheet around the circumference of the seastead and fill it up with PU for added thermal insulation, reduced water/air resistance, and extra flotability in the "worst case scenario".

Maybe you already considered it and disregarded? If so, can I ask why?

Again, congrats on your achievement and best of luck!

The production version will certainly be circular with foam insulation. The bottom rounded slightly and the small cylinder longer so that there is less surface area for the waves.
We have learned a lot through this process that we are putting into the next version. The next one will be twice as deep with much much more living space. While sticking with the proven parts of the design.

Cost will be around $150k for the basic design with nice add ons up to 200k or so. We even priced in an underwater viewing room but that puts it up to 400k.

A very barebones DIY structure with just the spar and a steel plate will be available for 45k. Sort of like just buying the land.

[jojo69]

Sort of like just buying the land.

Not sure you would want to see the fucking junkyard I would build on that.

When do you get the new boat off the hard?

[Elwar]

Sort of like just buying the land.

Not sure you would want to see the fucking junkyard I would build on that.

When do you get the new boat off the hard?

Looking at Saturday.

Sanding down to bare metal before putting the paint on.

[jojo69]

Yeah, don't rush that.  You want that bottom paint to cure up right.

[El duderino_]

four flights?

Yeah F***ed up just taking of to Hong Kong.....

Are you gonna go to casinos in Macau ?

No no its a trip with my GF, she has planned out something...
Only thing i know its we are going to Some island hopping @the philippines, but she so excited planned very stuff, and i’m always like
Don’t need to tell me... i’ll see when where there, last 40minute flight Will be happening soon

“She also doesn’t like casino trips that much, she never ever gambles”

[kenzawak]

Hehe...

Couple Uses Bitcoin Wealth to Build World’s First “Seastead” (I'll post the whole article for once)

https://www.newsbtc.com/2019/03/01/bitcoin-seastead/

"An early Bitcoin investor and self-confessed libertarian has built the first “seastead” with his BTC profits. For those who do not know, a seastead is a floating home designed to stay in international waters, thus allowing its inhabitants to live outside of the laws of any nation.

According to the first part of a short documentary series dedicated to the building of the seastead, it was supposed to launch on the tenth anniversary of the Bitcoin network going live. However, intense storms around Thailand meant that the date had to be postponed until last month.

A Floating Home Built with Bitcoin
Chad Elwartowski and Nadia Summergirl have become the first two reported individuals to permanently cast of the shackles of land and the laws enforced on it in favour of a life on the open sea. The pair have built the first seastead with help from Ocean Builders, a start-up dedicated to helping individuals move their lives to the ocean.

The couple have financed the building of their floating home using money made from early Bitcoin investments. The structure cost them around $150,000, which was actually $30,000 more than they originally budgeted for. It measures six metres square and is octagonal in shape. The pair’s new home is spread across two floors.

According to a report in Reason, Elwartowski had previously explored other avenues to satisfy his cravings for a truly free life. These included “​Free State Project, Libertarian Party elections, and the Ron Paul campaign.”

Meanwhile, Summergirl is equally passionate about the idea. She says she was sick of hearing people talking about the concept of building floating communities whilst no one was actually going through with it. The Thai-born woman was also happy that the first project of its kind was happening close to where she grew up:

“I just want to get seasteading happen for real. I want to make it happen here in Thailand.”

Elwartowski and Summergirl’s new home has been out at sea since early February. The pair say they are continuing to commute back and forth to land for now though. They still have various commitments that need tying up before they hit the open waves for good. A recently purchased commuter boat should help them speed up their permanent relocation, however.

Elwartowski states that the couple has made no effort to seek approval from the Thai government for their new home. He commented:

“We have been keeping under the radar so far, but we follow all the laws of Thailand so it’s as if we’re just living on a boat in the water as far as they’re concerned…. All we expect from the Thai government is that they follow international law. We will be doing the same. But Nadia and I aren’t doing anything we can’t do on land.”

You can learn more about Elwartowski and Summergirl’s story in the first instalment of a four-part documentary below. It was produced by Seasteading Institute to promote the concept:

Thanks to its lack of central authority, Bitcoin found early favour amongst libertarian circles keen to create communities outside of the laws of national governments. NewsBTC has previously reported on the Floating Island Project off the coast of French Polynesia and Liberland between Serbia and Croatia."

[jojo69]

island hopping @the philippines

FUCK!!

They're headed to the volcano!  The ritual...

I have to beat them there...fuck!

[kenzawak]

Only thing i know its we are going to Some island hopping @the philippines

White beach, Coco Beach, Full Moon parties... you should have a great time. Enjoy it !

[bitebits]

[...]
2-) I had some buying plans yeah, problem is that I am in a "stressful" IRL financial situation. My fiat reserves are not as spare as previously. So any buying plan got to be postponed or very well thought. I can afford to hodl, but buying more could end to be a reckless decision in MY current situation. Otherwise I would probably be buying.

Once I realise what my current capabilities exactly are I will reevaluate my buying (with "fresh" deposits) plans.
[...]

Being able to hang on to your position whatever direction the dollar price goes, is way more important than stretching yourself with your last fiat reserves. IMHO.
You are doing just fine bitserve.

Even though I must admit it is very hard letting these buying opportunities pass, just can't resist from time to time. Honestly can't believe at this stage of Bitcoin's development and public awareness, trowing in a measly million dollar still allows one to get a 1/100,000 share of the network. Or 1/mm share for under 100K$.

[Toxic2040]