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

[tarmi]

bravo chinaman, but you are a bunch of amateurs compared to karples.

[billyjoeallen]

I read something about a vast Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news?

Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".

Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.

"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:

    "This time it's not speculative trading but based on them getting sucked into this ecosystem."

https://twitter.com/YourBTCC/status/654273706013798401?lang=en

"South Africa" must include a many of the poorest and least educated people there.

Ah, bitcoin -- bringing First World financial ruin to the unbanked in the Third World...

May you all go broke, and burn in hell...

Spare me your sanctimony, Professor.  I suppose your paternalistic concern for those lost souls means you would restrict their actions by force if necessary to save them from decisions you consider unwise.  Freedom means the freedom to do things that are stupid.  It's their money. It's their lives. It's their business.  I hope they get so rich they buy your house when Brazil goes on the auction block.

[billyjoeallen]

crazy ass shit.I got a sell order @ $267.5 at BFX and it's been hovering around 276.49 for 15 minutes.

On how many exchanges do you trade?

Just BFX with any volume. I also have coinbase, circle and gemini accounts. 

[JayJuanGee]

crazy ass shit.I got a sell order @ $267.5 at BFX and it's been hovering around 276.49 for 15 minutes.

On how many exchanges do you trade?

Just BFX with any volume. I also have coinbase, circle and gemini accounts. 

Do you actually wire fiat to BFX? 

I mean personally I am a little leary of BFX especially after some of its most recent shenanigans... but I hear that they do have several of various shorting.. etc trading instruments.

[billyjoeallen]

WAIT! Come back! It was only 0.1646 coins @ 267.5  I was almost out of ammo, I swear.  Just buy a few more coins and you'll get that short squeeze. 

One fucking penny. FML. 

[billyjoeallen]

crazy ass shit.I got a sell order @ $267.5 at BFX and it's been hovering around 276.49 for 15 minutes.

On how many exchanges do you trade?

Just BFX with any volume. I also have coinbase, circle and gemini accounts. 

Do you actually wire fiat to BFX? 

I mean personally I am a little leary of BFX especially after some of its most recent shenanigans... but I hear that they do have several of various shorting.. etc trading instruments.

Fuck no. Wire fiat to Honk Kong? No i send BTC there, either sell it and buy back lower or lend it out at interest. If I have any fiat there, i lend it out until I want to buy BTC with it.  If I want to withdraw, I buy BTC and sell it via bitquick or purse.io  Never buy retail. never sell wholesale. 

[r0ach]

The plan has always been to wait for inflation to go down (to 12 btc) then pump to the moon.

[snakey]

where can I buy instant BTC?

[billyjoeallen]

$267.49 again. You gotta be fuckin kidding me. Bulls so scared of a 14 coin "wall"??

[JayJuanGee]

crazy ass shit.I got a sell order @ $267.5 at BFX and it's been hovering around 276.49 for 15 minutes.

On how many exchanges do you trade?

Just BFX with any volume. I also have coinbase, circle and gemini accounts. 

Do you actually wire fiat to BFX? 

I mean personally I am a little leary of BFX especially after some of its most recent shenanigans... but I hear that they do have several of various shorting.. etc trading instruments.

Isn't this one of the problems Liquid side-chain is meant to solve?

Maybe - but also there is a problem with a centralized exchange being quite less than forthright about its BTC holdings and its various shut-downs over a short period of time.

[ChartBuddy]

Coin

Explanation

[billyjoeallen]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

[snakey]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

Fair enough, thanks for the info.

[chennan]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

Well, I mean technically you can buy instant BTC with coinbase.. but you have to link your credit card to your account, incase if the payments don't go through from your bank account, it will just automatically charge your credit card... Visa and mastercards are only accepted.

But anyways, I've never really looked at purse.io ... I know I should, but I'm lazy. What kind of gift cards are you looking for?

[billyjoeallen]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

Well, I mean technically you can buy instant BTC with coinbase.. but you have to link your credit card to your account, incase if the payments don't go through from your bank account, it will just automatically charge your credit card... Visa and mastercards are only accepted.

But anyways, I've never really looked at purse.io ... I know I should, but I'm lazy. What kind of gift cards are you looking for?

It takes days to set up a coinbase account. they send you 2 microdeposits to your bank account and you have to tell them how much it is so they are sure it's the right account. it's ACH (in the USA) so it takes 3-4 business days.  I can buy instantly there up to a limit by linking a credit card to my VERIFIED account.

To answer your question, I buy gamestop gift cards that I use to buy shell gift cards that I use to buy gas.

I just thought of something. You can buy instantly if you are near a BTM.

http://www.coindesk.com/bitcoin-atm-map/

[Cconvert2G36]

$267.49 again. You gotta be fuckin kidding me. Bulls so scared of a 14 coin "wall"??

Filled, u happy now?

[BlindMayorBitcorn]

I read something about a vast Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news?

Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".

Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.

"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:

    "This time it's not speculative trading but based on them getting sucked into this ecosystem."

https://twitter.com/YourBTCC/status/654273706013798401?lang=en

"South Africa" must include a many of the poorest and least educated people there.

Ah, bitcoin -- bringing First World financial ruin to the unbanked in the Third World...

May you all go broke, and burn in hell...

Hehe. Thanks for the cross-post, Professor.

https://www.reddit.com/r/Buttcoin/comments/3p2mot/butts_allegedly_being_used_by_sergei_mavrodis/

*Waves* Hi Butters!

[billyjoeallen]

$267.49 again. You gotta be fuckin kidding me. Bulls so scared of a 14 coin "wall"??

Filled, u happy now?

YES!! Next stop $270. Maybe I should quit using round numbers.

[chennan]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

Well, I mean technically you can buy instant BTC with coinbase.. but you have to link your credit card to your account, incase if the payments don't go through from your bank account, it will just automatically charge your credit card... Visa and mastercards are only accepted.

But anyways, I've never really looked at purse.io ... I know I should, but I'm lazy. What kind of gift cards are you looking for?

It takes days to set up a coinbase account. they send you 2 microdeposits to your bank account and you have to tell them how much it is so they are sure it's the right account. it's ACH (in the USA) so it takes 3-4 business days.  I can buy instantly there up to a limit by linking a credit card to my VERIFIED account.

To answer your question, I buy gamestop gift cards that I use to buy shell gift cards that I use to buy gas.

I just thought of something. You can buy instantly if you are near a BTM.

http://www.coindesk.com/bitcoin-atm-map/

Any market in Dick's Sporting Goods gift cards?  I know this isn't the marketplace subforum, but I got tired of trying sell it on there. If you'd like to buy it, send me a PM.

And man I wish there was a Bitcoin ATM near my place... that would be so convenient, but next place I move too it will be sort of within driving distance... so good I guess for convenience, bad for me that I won't be moving there till about 4 or 5 more months and the bull spike will probably simmer down by then.

[billyjoeallen]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

Well, I mean technically you can buy instant BTC with coinbase.. but you have to link your credit card to your account, incase if the payments don't go through from your bank account, it will just automatically charge your credit card... Visa and mastercards are only accepted.

But anyways, I've never really looked at purse.io ... I know I should, but I'm lazy. What kind of gift cards are you looking for?

It takes days to set up a coinbase account. they send you 2 microdeposits to your bank account and you have to tell them how much it is so they are sure it's the right account. it's ACH (in the USA) so it takes 3-4 business days.  I can buy instantly there up to a limit by linking a credit card to my VERIFIED account.

To answer your question, I buy gamestop gift cards that I use to buy shell gift cards that I use to buy gas.

I just thought of something. You can buy instantly if you are near a BTM.

http://www.coindesk.com/bitcoin-atm-map/

Any market in Dick's Sporting Goods gift cards?  I know this isn't the marketplace subforum, but I got tired of trying sell it on there. If you'd like to buy it, send me a PM.

And man I wish there was a Bitcoin ATM near my place... that would be so convenient, but next place I move too it will be sort of within driving distance... so good I guess for convenience, bad for me that I won't be moving there till about 4 or 5 more months and the bull spike will probably simmer down by then.

Actually I think this pre-auction (US Marshals) rally is a bulltrap and  four or five months from now, either BIP100, BIP 101 or some other scaling solution will be implemented. Halving will be more immanent and it will be an excellent time to buy.