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

[betterangels]

buy btc and then buy a bottle of wine to celebrate moon time!

[Fatman3001]

@JJG

Sorry 'bout the reversal and stuff, but:

"...and goes to show really bad judgement in their lack of credibility building foresight."

How do you build these amazing sentences?

What does it even mean?

Do you work for an insurance company?

The chosen words are meant to capture my thoughts at the moment.

The meaning of my words should make sense, no?  An exchange (Gemini) is fairly new on the bitcoin trading scene, and they have a bit of thinness in their trading books because they are still attempting to build their client-base.  Thereafter, they pull these kinds of trade reversal shenanigans that is hardly heard of in professional trading.  Such conduct seems amature.. and really unnecessary.

On the other hand, if they wanted to keep their institutional client, or whoever else it was that made such fat thumbs trade error, then maybe Gemini should consider some potential compromise solution that does not necessarily involve reversing a bunch of trades - especially trades that are reasonably within bitcoin's current trading price.  $300, $400 $500 are all reasonably within price ranges that BTC prices can go in a quick way.

I was just in awe of your abilities and style. But yeah, Bitcoin trading with backsies makes no sense.

[Hyperjacked]

Gemini trades rolled back.  



https://np.reddit.com/r/btc/comments/3ss6kr/gemini_is_reversing_trades_wtf/

So those traders who sold at $2000 and thought Christmas had come early get screwed. If Gemini had a safety mechanism the error wouldn't have happened, It should compensate the traders who lost out. Bter has a warning box when you place an order with an excessive price. If Bter can do it, Gemini should have done it.

It goes to show, there really is zero reason to ever sit fiat on an exchange.

I was negatively affected by this trade reversal decision, and I think that it is really bullshit and unprofessional for them to authorize a reversal based merely on user error.

If they were to authorize such reversal based on a technical glitch or a hacker, that would probably be a more justifiable reason.  

I'm going to attempt to communicate with them about honoring my trade (even if they personally have to absorb the cost (mine had been filled and subsequently reversed at merely in the mid $370s... those fuckers), and if they do not side with me, then I am likely going to discontinue using their services and pull my bitcoins (and fiat) from their exchange.  

Again, this is really bullshit, and goes to show really bad judgement in their lack of credibility building foresight.

I'm getting ready to fire up my institutions Gemini account and the idea of reversals does not give me a warm fuzzy feeling!

[Hyperjacked]

...
I'm getting ready to fire up my institutions Gemini account and the idea of reversals does not give me a warm fuzzy feeling!

By 'institution,' you mean the kind that Reptilia was locked away in, right?

Corporate Account or Insitutional Account.

[pinger]

There is still a lot of space between wearing a tinfoil hat and believing everything what .gov says.
World isn't only black and white. But hey YOU are smart!

Here's your shades of grey, genius:

Enjoy what you vote.

[ChartBuddy]

Coin



Explanation

[Divitiae miserae]

Private property goes pari passu with the state, more specifically with its laws. No state, no private property, because in the wild might is right: if someone stronger than you points at your property and says "that is mine" you can do nothing but obey or be deprived coercively.

[molecular]

Private property goes pari passu with the state, more specifically with its laws. No state, no private property, because in the wild might is right: if someone stronger than you points at your property and says "that is mine" you can't do nothing but obey or be deprived coercively.

I could easily pay someone even stronger to protect my private property. Doesn't have to be state, does it?

[Divitiae miserae]

Then you would be ruled by gangs or clans.

[acakf]

Private property goes pari passu with the state, more specifically with its laws. No state, no private property, because in the wild might is right: if someone stronger than you points at your property and says "that is mine" you can't do nothing but obey or be deprived coercively.

I could easily pay someone even stronger to protect my private property. Doesn't have to be state, does it?

Hypothetical:
1. I'm the guy stronger than you, and you ask me to protect your private property in exchange for some money.
2. I take your money, and, being stronger (and, as quickly becomes apparent, smarter) than you, also take the private property you paid me to protect.
3. ? ? ?
4. Profit!

[ssmc2]

HOLY SHIT!!!!!!!!!!!!

[hdbuck]

lmao bitstamp!!!!

[ssmc2]

Hahahahaaaaaaaaaaaaaaaaaaaaa!!!! Stamp!

[hdbuck]

some dude gettin bersek like fuck shit this its war out there im buying coinzz!!

edit: 1m dollars.. 1 click!

[ssmc2]

I love it lmao 

[ssmc2]

Maybe they'll "roll it back" lmaoooooo nah

[Globb0]

Roll back to 2012 I made a mistake

 

[hdbuck]

[Fatman3001]

Private property goes pari passu with the state, more specifically with its laws. No state, no private property, because in the wild might is right: if someone stronger than you points at your property and says "that is mine" you can't do nothing but obey or be deprived coercively.

I could easily pay someone even stronger to protect my private property. Doesn't have to be state, does it?

But then they control the property, not you. You can call it yours if you want, but it really isn't.

If someone built an army strong enough to protect your property from any threat out there, they're not going to give a flying fluck about your claim to that property. This is why conventional anarchists are opposed to private property. The result is pretty much the same, but at least they see the problem.


BTW, could the price stop rallying? I'm having trouble posting this thing when everyone get so excited.

[conspirosphere.tk]

Private property goes pari passu with the state, more specifically with its laws. No state, no private property, because in the wild might is right: if someone stronger than you points at your property and says "that is mine" you can do nothing but obey or be deprived coercively.

Indeed, the state use to take all in one way or the other. That is its actual reason of existence since the beginning of time. So private property does not really exists except where free individuals are able to enforce their. And that's why bitcoin is the greatest thing since the invention of pizza.