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

[xhomerx10]

Hey - looooong time lurker ..... longer time holder. Think this may be my first time posting.

Long time interested in earning interest. To date, all methods of doing that just seemed like a good way to lose whatever coin I elected to lend.

However, been looking at blockfi lately.

Anyone have any experience with it?

I do not.  But I think it is worth considering the track records of trusted third parties holding the keys to "your" bitcoin, and how that makes it effectively their bitcoin, and exposes you to all the counterparty risk that brings with it.

BlockFi may be a perfectly good organization, as were/are some organizations this list (which is not complete):

2011

    Mt. Gox
    Bitcoin7

2012

    Bitcoinica
    Bitcoinica
    Bitcoinica
    Bitfloor

2013

    Vicurex
    PicoStocks
    PicoStocks

2014

    Mt. Gox
    Cryptorush
    Poloniex
    Bitcurex
    Cryptsy
    BTER
    MintPal
    KipCoin
    BitPay

2015

    796Exchange
    Bitstamp
    BTER

2016

    ShapeShift
    Gatecoin
    Bitfinex
    Bitcurex

2017

    Bithumb
    YouBit
    YouBit

2018

    Coincheck
    BitGrail
    Taylor
    Coinrail
    Bancor
    Zaif

2019

    Cryptopia

 add
2019
 
  QuadrigaCX

[JayJuanGee]

[edited out]

That list could not be complete (which you said).  Missing the largest one (or most scandalous one of 2019), Quadrigacx, no?  And of course there is BTC-e and WEX in 2017/2018.

Edit.  Xhomerx10 beat me, partly.

[cAPSLOCK]

Hey - looooong time lurker ..... longer time holder. Think this may be my first time posting.

Long time interested in earning interest. To date, all methods of doing that just seemed like a good way to lose whatever coin I elected to lend.

However, been looking at blockfi lately.

Anyone have any experience with it?

Paying interest in bitcoins is a very simple play. Scammers will get your bitcoins with pleasure and sell them for fiat at the very moment they get them. They will even pay you interest if bitcoin price goes down and will show you the middle finger if price goes up. This is why only retards are looking for places where they can deposit their bitcoins to earn interest!

Thanks for reminding me why I don't post.

Appreciate the link psycodad - will be interested to see your experience.

Yeah.. don't let one bad apple spoil the bunch... I think your question is good and interesting.  And businesses like BlockFi are certainly in the future for Bitcoin.  But custody is still not entirely a solved problem. 

[Basorexia]

Maybe we should have a WO person of the year poll  

My vote goes to gembitz

New poll idea?  

Meanwhile, we keep slowly bleeding ~$7.1 now already...

From zone 7000 i think we can try to enter the long position, but carefully, and be sure to use stop-loss. I think there will be a rebound.

[El duderino_]

[edited out]

That list could not be complete (which you said).  Missing the largest one (or most scandalous one of 2019), Quadrigacx, no?  And of course there is BTC-e and WEX in 2017/2018.

Edit.  Xhomerx10 beat me, partly.

You can only beat people in riding large texts in this thread..... 

[Last of the V8s]

For that price, customers do not get the display – which starts at $4,999 – or the $999 stand that holds up that screen.

[LUCKMCFLY]

Modeling proposal presented to add S2F to the equation.

For review. Preliminary proposal to add the derivative of S2F to the equation. Appears to model a bit of the 2013 & 2017 bubble.
@100trillionUSD

Source: https://twitter.com/Geertjancap/status/1204671492069449728


On the other hand..


In BitcoinCharts

[JayJuanGee]

[edited out]

That list could not be complete (which you said).  Missing the largest one (or most scandalous one of 2019), Quadrigacx, no?  And of course there is BTC-e and WEX in 2017/2018.

Edit.  Xhomerx10 beat me, partly.

You can only beat people in riding large texts in this thread..... 

How cuuuuuuuttttiiiieeeeee!!!!!!!


Team micgoose .... feeling her oats, today.



 

[jojo69]

I am in computer hell here...fuck

[Last of the V8s]

explain

[Saint-loup]

Unexpectedly, despite a ROI 4 times higher than S&P500 since the beginning of the year, the Sharpe ratio of BTC is only a little bit lower than the S&P500 one.
It means BTC isn't disproportionately risky for such a ROI.

The Sharpe ratio was developed by Nobel laureate William F. Sharpe and is used to help investors understand the return of an investment compared to its risk. The ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk.
Subtracting the risk-free rate from the mean return allows an investor to better isolate the profits associated with risk-taking activities. Generally, the greater the value of the Sharpe ratio, the more attractive the risk-adjusted return.​

https://www.investopedia.com/terms/s/sharperatio.asp   

What is the source of that investment comparison chart, though?

Skew
https://twitter.com/skewdotcom/status/1204111070840983552

[BitcoinGirl.Club]

Good eveing WO!
Observing @ $7,194
This is fine 🙂

[jojo69]

explain

Micro$oft end of support for Win7 eminent.

Handy to have internet in the shop for looking up specs, constants, formulas and whatnot.  No room or patience for 2 machines out there.

Antique CNC controller (Super-Tech EMC-XYZ-BX) has no drivers or config info for Linux, figured this out after 3 different distro installs.

Turns out, Mach3 parallel port driver absolutely will not work in a 64bit environment, figured this out after setting up a salvaged machine with win10 already on it.

Started to re-purpose another older box, kept hanging on install, several hours to track that down to a flaky CPU, have to do a win7 install first because this thing won't boot from USB, finally get that all worked out and...

now having to sidestep Micro$oft account creation and muzzle Cortana and turn off all the spylemetry (that they let you), so far it has been 3 days of walking in place and I don't even know if this is going to driver up its PCI-parallel card and work yet


and being reminded that I have to go through Linux dependency hell on all the rest of the boxen by Jan 14...

[bitcoinPsycho]

Workbench 1.4 2.0

[El duderino_]

For that price, customers do not get the display – which starts at $4,999 – or the $999 stand that holds up that screen.

Mine came out to over $11k :|

Full option 52k or something, would be good for Wall Observer use .....


Edit: damn, V8 already pointed that out

[vroom]

For that price, customers do not get the display – which starts at $4,999 – or the $999 stand that holds up that screen.

don't forget the wheels for $400, that's a heavy piece of hardware.

[infofront]

We might need it to parse JJG posts.

[Paashaas]

https://economics.yale.edu/sites/default/files/files/Faculty/Tsyvinski/cryptoreturns%208-7-2018.pdf

https://twitter.com/GrayscaleInvest/status/1204495755022610435

[Last of the V8s]

^ where 'recent' refers to 16 months ago 

[hv_]

Unexpectedly, despite a ROI 4 times higher than S&P500 since the beginning of the year, the Sharpe ratio of BTC is only a little bit lower than the S&P500 one.
It means BTC isn't disproportionately risky for such a ROI.

The Sharpe ratio was developed by Nobel laureate William F. Sharpe and is used to help investors understand the return of an investment compared to its risk. The ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk.
Subtracting the risk-free rate from the mean return allows an investor to better isolate the profits associated with risk-taking activities. Generally, the greater the value of the Sharpe ratio, the more attractive the risk-adjusted return.​

https://www.investopedia.com/terms/s/sharperatio.asp   

Risk Free Rate for USD is a joke, isn't it?

Lots of risks holding long that asset being under central dilution powers