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Question: Closing BTC Price June 28:
$0 - 4 (2.9%)
<$7,000 - 4 (2.9%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.7%)
$8,500-$8,999 - 3 (2.2%)
$9,000-$9,499 - 4 (2.9%)
$9,500-$9,999 - 26 (19.1%)
$10,000-$10,499 - 23 (16.9%)
$10,500-10,999 - 12 (8.8%)
$11,000-$11,499 - 10 (7.4%)
$11,500-$12,000 - 8 (5.9%)
>$12,000 - 30 (22.1%)
>$20,000 - 11 (8.1%)
Total Voters: 136

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21239690 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.)
fillippone
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March 02, 2019, 03:32:54 AM
Last edit: March 02, 2019, 03:59:03 AM by fillippone
Merited by JayJuanGee (1)

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.
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March 02, 2019, 03:39:52 AM

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.




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How much alt coin diversification is needed? 0%?


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March 02, 2019, 03:42:33 AM

[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.
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March 02, 2019, 04:06:09 AM
Merited by vapourminer (1), Hueristic (1), Saint-loup (1), d_eddie (1)

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).
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March 02, 2019, 04:09:46 AM

@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.
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March 02, 2019, 04:39:10 AM

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?
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March 02, 2019, 05:13:01 AM
Last edit: April 30, 2019, 03:03:52 PM by 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.
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March 02, 2019, 05:45:59 AM

Yeah, don't rush that.  You want that bottom paint to cure up right.
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March 02, 2019, 05:49:31 AM

four flights?

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



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”
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March 02, 2019, 07:16:45 AM

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."
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March 02, 2019, 07:28:10 AM

island hopping @the philippines

FUCK!!

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

I have to beat them there...fuck!
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March 02, 2019, 07:37:02 AM


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 !
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March 02, 2019, 07:45:56 AM

[...]
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$.
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March 02, 2019, 08:35:39 AM

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March 02, 2019, 08:41:10 AM
Merited by JayJuanGee (1)

US Congressman To Federal Reserve Chairman Jay Powell:

Cryptocurrencies Will “Foster Innovation” In The U.S.

Earlier this week, the US House Financial Services Committee and Federal Reserve Chairman Jay Powell met in Washington, DC. The hearing featured typical queries involving monetary policy, interest rates, and economic growth— with plenty of discussion concerning cryptocurrency and digital asset regulation.

https://thetokenist.io/us-congressman-to-federal-reserve-chairman-jay-powell-cryptocurrencies-will-foster-innovation-in-the-u-s/
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March 02, 2019, 08:41:46 AM

I just read this:

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

Congratulations Elwar!!!

Nicely done!
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March 02, 2019, 08:50:54 AM

I just read this:

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

Congratulations Elwar!!!

Nicely done!

Look 6 posts above.  Wink

Blockstream Releases Lightning Upgrade With New ‘Plugin’ Functionality

https://www.coindesk.com/blockstream-releases-lightning-upgrade-with-new-plugin-functionality
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March 02, 2019, 08:53:44 AM

I just read this:

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

Congratulations Elwar!!!

Nicely done!

I'm famous! Guess it's time to move to Hollywood and get into the drug scene. Then end up broke in the gutter until years later when they ask "where are they now?" where I clean up for the interview as everyone says how brave I am.

One can dream...
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March 02, 2019, 09:01:23 AM
Merited by HairyMaclairy (1)

I have deleted my Coinbase account.



#deletecoinbase
Well done.
#deleteconnase is not a hate campaign. It’s a fight to protect what bitcoin is for.
Here’s my contribution (never used it anyway)

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March 02, 2019, 09:05:04 AM

Posted by cryptoscamhub on his twitter account :



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