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

[JayJuanGee]

$500 before the 1st of May?

PChhhhh, too easy, little boya ...

According to the insightful predictions of Aztecminer.dummy, we are not going to get prices outside of the $350 to $500 range, because bitcoin is stuck...

hahahahahha...   He's already moved off of that statement a little bit, in preparation for having to change his dumbass and simplified narrative.  If we get any kind of downward correction, surely we are likely to get a few of the "bitcoin doesn't scale" propagandists coming in here in order to attempt to save a little face... with their FUCD spreading efforts.

[whored]

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC belongs to more than one bro, what happens when I buy the whole 3.5 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?

...
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD? That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?

A serious question, awesome!

For each trade the buyer/seller need to send/receive a separate money transfer to/from the seller/buyer with the reference of the trade ID, while the BTC is in escrow with the arbitrator holding a third key of a 2-of-3 multisig wallet. (BTW, in my screenshot you can see that there's a total of 4.9 BTC of EUR trades, 3.5 BTC of ETH trades, and 1.33 BTC of USD trades -- seems like you mixed it up a bit.) These are divided over 18 different offers that require fiat transfer via SEPA or OKpay.

If I look now, the statistics are like this:
- 7 EUR asks via SEPA (total 2.415 BTC), from AT, EE, PT, NL
- 5 EUR asks via OKpay (total 3.12 BTC)
- 2 EUR bids via SEPA (total 1 BTC), from NL & PT
- 4 EUR bids via OKpay (total 0.351 BTC)

Given the fact that for the SEPA offers alone, money needs to be transferred to four different countries makes it highly unlikely all these bank accounts are controlled by the same person.

I'm in the States, so let's get back to the 1.3 BTC I could actually (what's the appropriate term to use here? CrowdBuy?)
Let's say I wanted to live large, and buy all the BTC I could on this exchange. Without exchanging my decent American dollars for Czech koruna, Botswana pula, or EU Euro, that's a grand total of 1.3 BTC .

Now, lets forget for a moment that I've already made $3 million US by trading on that exchange, and know this stuff like the back of my hand. Let's pretend I'm not the virtuoso p2p trader I know I am, and need this explained.

Looking at MY screencap right here,

https://i.imgur.com/lWsTQaE.png

... it appears there are 6 people behind that 1.3 BTC on offer.
Remind me, do I have to wire money to 6 individuals to buy that 1.3 BTC? Will I then wait for all those people, +the trusted intermediary, to agree that I actually sent the money & it has cleared?

In short (ino, rite?), describe, step by step, things I'd have to do to get my greedy paws on that sweet sweet 1.3 BTC

[Andre#]

@Andre#, serious question: Assuming I wanted to trade on that exchange, and assuming (gasp! another leap of faith) that 3.5 BTC belongs to more than one bro, what happens when I buy the whole 3.5 BTC?
Do I need to send a bunch of separate money transfers to all the Anons involved, or do I just wire the whole shebang to arbitrator Anon?

...
Edit: Am I reading that (my) screencap right? There's 5 Euros' worth of BTC on that exchange, and 3.5 BTC if I want to use USD? That's, like, a whole used car. Probably won't get a sticker, but hey, at that price, who got time for statist bullshit like safety inspections, amirite?

A serious question, awesome!

For each trade the buyer/seller need to send/receive a separate money transfer to/from the seller/buyer with the reference of the trade ID, while the BTC is in escrow with the arbitrator holding a third key of a 2-of-3 multisig wallet. (BTW, in my screenshot you can see that there's a total of 4.9 BTC of EUR trades, 3.5 BTC of ETH trades, and 1.33 BTC of USD trades -- seems like you mixed it up a bit.) These are divided over 18 different offers that require fiat transfer via SEPA or OKpay.

If I look now, the statistics are like this:
- 7 EUR asks via SEPA (total 2.415 BTC), from AT, EE, PT, NL
- 5 EUR asks via OKpay (total 3.12 BTC)
- 2 EUR bids via SEPA (total 1 BTC), from NL & PT
- 4 EUR bids via OKpay (total 0.351 BTC)

Given the fact that for the SEPA offers alone, money needs to be transferred to four different countries makes it highly unlikely all these bank accounts are controlled by the same person.

I'm in the States, so let's get back to the 1.3 BTC I could actually (what's the appropriate term to use here? CrowdBuy?)
Let's say I wanted to live large, and buy all the BTC I could on this exchange. Without exchanging my decent American dollars for Czech koruna, Botswana pula, or EU Euro, that's a grand total of 1.3 BTC .

Now, lets forget for a moment that I've already made $3 million US by trading on that exchange, and know this stuff like the back of my hand. Let's pretend I'm not the virtuoso p2p trader I know I am, and need this explained.

Looking at MY screencap I've previously posted, it appears there are 6 people behind that 1.3 BTC on offer.
Now, remind me, do I have to wire money to 6 individuals to buy that 1.3 BTC? Will I then wait for all those people, +the trusted intermediary, to agree that I actually sent the money & it has cleared?
In short, describe, step by step, things I'd have to do to get my greedy paws on that sweet sweet 1.3 BTC

Firstly, this thing is in beta, it's being tried out for real since a few days. Over and over emphasizing that there's still very little going on is getting lame. Of course there isn't.

If you engage in 6 different trades, you make 6 different money transfers. Apparently, you've never used platforms LocalBitcoins or Paxful. Because that's what Bitsquare is competing with. It does the same, without the centralized platform where you have to keep a wallet for your BTC -- with all the risks that brings.

The procedure is quite similar as for LBC or Paxful. Only, there's no chat between buyer and seller. All the information you need for the payment method is encapsulated in the offer.

[whored]

...
Firstly, this thing is in beta, it's being tried out for real since a few days. Over and over emphasizing that there's still very little going on is getting lame. Of course there isn't.

...
I not only checked the context,  I'm trading on Bitsquare now (two bids, two asks, one trade ongoing). It works like a charm, I'm impressed how mature the software is. No failing in sight, yet.

I must have misunderstood

If you engage in 6 different trades, you make 6 different money transfers. Apparently, you've never used platforms LocalBitcoins or Paxful. Because that's what Bitsquare is competing with. It does the same, without the centralized platform where you have to keep a wallet for your BTC -- with all the risks that brings.

The procedure is quite similar as for LBC or Paxful. Only, there's no chat between buyer and seller. All the information you need for the payment method is encapsulated in the offer.

I mistakenly assumed that this thing resembled an actual exchange, the fancy kind. The sort that *gasp* provides newfangled features like consolidating the sells (not making me work out the logistics with 7 separate individuals & needing all 7 to agree that everything's a go, before I could lay my mitts on that sweet 1.3 BTC).

Do you ever do risk assessments?
Do you understand how miniscule the odds are for 7 shifty d00ds to be not shifty, together, at the same time?

But hey, since everything went swimmingly for you thus far

[adamstgBit]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

[JayJuanGee]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

This one is not controlled by corporations and/or banks... .. hahahahahaha...

Get real!!!

[adamstgBit]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

This one is not controlled by corporations and/or banks... .. hahahahahaha...

Get real!!!

 
That's what they want you to think...

[Yakamoto]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

I'm staying here, the activity on the other site is abysmal. Even if this forum is filled with shit topics or non-native English speakers, I couldn't be bothered to wait for long periods of time just to read something else.

[JayJuanGee]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

This one is not controlled by corporations and/or banks... .. hahahahahaha...

Get real!!!

 
That's what they want you to think...

That makes little to no sense.

Initially, a bunch of folks are pissed off at Theymos and administrators of this forum because they suggest that they are being censored and not able to propagate ideas regarding XT and classic and related ideas to make a hard change to the blocksize limit..

In essence, it has been discovered that the real agendas of XT and classic supporters has not been about hard changes to the blocksize limit, but instead concerns about bitcoin's governance, and they want to make it easier to make changes to bitcoin.  That would be a banker's wet dream to be able to undermine bitcoin like that.

So, really contrary to your assertion, it really is not the case that persons opposed to XT and classic happen to be supporters of banks and corporations because the exact opposite seems to be true in regards to the effects of either the implementation of XT or classic in their aims to make it easier to make changes to fundamental bitcoin protocols and consensus systems.

[adamstgBit]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

This one is not controlled by corporations and/or banks... .. hahahahahaha...

Get real!!!

 
That's what they want you to think...

That makes little to no sense.

Initially, a bunch of folks are pissed off at Theymos and administrators of this forum because they suggest that they are being censored and not able to propagate ideas regarding XT and classic and related ideas to make a hard change to the blocksize limit..

In essence, it has been discovered that the real agendas of XT and classic supporters has not been about hard changes to the blocksize limit, but instead concerns about bitcoin's governance, and they want to make it easier to make changes to bitcoin.  That would be a banker's dream to be able to undermine bitcoin like that.

So, really contrary to your assertion, it really is not the case that persons opposed to XT and classic are supporters of banks and corporations because the exact opposite seems to be true in regards to the effects of either XT or classic in their aims to make it easier to make changes to fundamental bitcoin protocols and consensus systems.

you see this popele, you see what happens when you stay here to long

BRAINWASHED!


core devs are godly.
hard forks are evil
XT and classic are the enemy

[TooDumbForBitcoin]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

I'm staying here, the activity on the other site is abysmal. Even if this forum is filled with shit topics or non-native English speakers, I couldn't be bothered to wait for long periods of time just to read something else.

That site, started and controlled by cypherdefendant, is an exercise in group narcissism and Core dev hatred.  Half the posts over there are cut/pastes of reddit posts made by the forum poster themself - "look what I made!!!"

[Yakamoto]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

I'm staying here, the activity on the other site is abysmal. Even if this forum is filled with shit topics or non-native English speakers, I couldn't be bothered to wait for long periods of time just to read something else.

That site, started and controlled by cypherdefendant, is an exercise in group narcissism and Core dev hatred.  Half the posts over there are cut/pastes of reddit posts made by the forum poster themself - "look what I made!!!"

I wouldn't be surprised, there seems to be a lot of people putting in the minimal amount of effort (including stealing other people's content) just to get recognition. Quite despicable, if you ask me.

And the "fair discussion" that /r/btc offers in contrast to /r/bitcoin is probably the funniest thing I've ever seen.

[adamstgBit]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

I'm staying here, the activity on the other site is abysmal. Even if this forum is filled with shit topics or non-native English speakers, I couldn't be bothered to wait for long periods of time just to read something else.

That site, started and controlled by cypherdefendant, is an exercise in group narcissism and Core dev hatred.  Half the posts over there are cut/pastes of reddit posts made by the forum poster themself - "look what I made!!!"

cypher doesn't run the site...
so he got mixed up in a mining operation that when BOOM and now he's in court because of it.... life's a bitch sometimes... wtv.
mostly he keeps to his thread anyway.
yes the forum is dominated by big blockers so what, why not make an account and add small blocker's perspective?

[whored]

@TooDumbForBitcoin; Yakamoto: Did you post something on that forum which got deleted because it made cypher look like an ass? Did you get banned from that forum for not toeing the party line?
If not, why would you care who started it? I hear people actually drive down autobahns built by Hitler, and it works out fine

@adam which doesn't mean cypher "got mixed up in a mining operation."  He knew exactly what he was doing, all the time. Just because people attacking cypher are dicks doesn't mean cypher isn't a dick himself.

[Fakhoury]

We started the correction really fast !!

[adamstgBit]

@adam which doesn't mean cypher "got mixed up in a mining operation."  He knew exactly what he was doing, all the time. Just because people attacking cypher are dicks doesn't mean cypher isn't a dick himself.

i dont know the whole story, you dont know the whole story, cypher doesn't know the whole story, cypher wasn't the mastermind in all this more of a pawn...
and who cares if cypher is a dick or not, there are plenty of shady characters here on this lovely forum...

[adamstgBit]

We started the correction really fast !!

[whored]

@adam which doesn't mean cypher "got mixed up in a mining operation." Â He knew exactly what he was doing, all the time. Just because people attacking cypher are dicks doesn't mean cypher isn't a dick himself.

i dont know the whole story, you dont know the whole story, cypher doesn't know the whole story, cypher wasn't the mastermind in all this more of a pawn...
and how cares if cypher is a dick or not, there are plenty of shady characters here on this lovely forum...

Read my whole post -- the boldface part is exactly what I'm trying to say. But by pretending that he's some innocent who got mixed up with some shady kids? Just makes *everything* you say sound like bullshit.

[JayJuanGee]

https://bitco.in/forum/threads/wall-observer.27/page-83#post-18235
I invite you all to join a new forum, one not controlled by large corporations and banks.

This one is not controlled by corporations and/or banks... .. hahahahahaha...

Get real!!!

 
That's what they want you to think...

That makes little to no sense.

Initially, a bunch of folks are pissed off at Theymos and administrators of this forum because they suggest that they are being censored and not able to propagate ideas regarding XT and classic and related ideas to make a hard change to the blocksize limit..

In essence, it has been discovered that the real agendas of XT and classic supporters has not been about hard changes to the blocksize limit, but instead concerns about bitcoin's governance, and they want to make it easier to make changes to bitcoin.  That would be a banker's dream to be able to undermine bitcoin like that.

So, really contrary to your assertion, it really is not the case that persons opposed to XT and classic are supporters of banks and corporations because the exact opposite seems to be true in regards to the effects of either XT or classic in their aims to make it easier to make changes to fundamental bitcoin protocols and consensus systems.

you see this popele, you see what happens when you stay here to long

BRAINWASHED!


core devs are godly.  (Certainly not true because core devs are too mixed a group in order to attempt to define them as a group and as if they were some kind of unified force... the only thing that likely unifies them is being opposed to XT and Classic because both XT and classic were attempts to undermine bitcoin in a couple of ways (governance and to create devisiveness))
hard forks are evil     (True if they are not necessary and attempted outside of consensus)   
XT and classic are the enemy    (True because they attempt to change bitcoin's governance, create divisiveness and undermine bitcoin))

I made various responses in bold, above.

It is hardly the case that people are brainwashed around this forum, and you should know better than to assert such nonsense..


You are beginning to come off as butt hurt (and maybe that has been the case for a couple months now)...

You seem to be so delirious that you don't even recognize the preposterous nature of your own postings.... why should the forum allow you to make posts in which you attempt to steal members and attempt to promote another forum while at the same time denigrating the forum in which you are posting...   Are you sure that someone has not taken over your account.. because not only are you coming off as butt hurt, you are also coming off as a bit deranged.
 

[Mrpumperitis]

guys btc might be coming down a bit over next few days...
https://www.bitfinex.com/posts 
 Announcements
Ether Margin Trading
April 21, 2016
Starting at 3:00pm UTC on Friday April 22nd we will enable margin trading for the the ether pairs ETHBTC and ETHUSD.  Margin funding will also open at that time, allowing users to place ether margin funding offers and bids.
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