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

[JayJuanGee]

I panic dumped right at the bottom, then had to buy back after it became clear it was all bull. I'd never have panic dumped if it wasn't for all the Satoshi lies.

By "panic dumped," you mean sold for (at most) $12 lower than current spot? Well, you know what they say about weak hands...

Actually, any of us are capable of making various mistakes in how we treat our bitcoin holdings, and I have been guilty of some of these mistakes myself, wether you label it greed or portfolio protection - yet if you believe that you have pretty solid information that there is going to be a price movement of a few percentage points, it may be good to buy or sell accordingly with a percentage of your holdings.

I've done it a few times, and made mistakes, and in those instances, I had to lay off buying or selling for a while in order to recover. 

Specifically, I recall that in about mid November 2015,  I was buying (on the way down) and selling (on the way up) in about $5 price increments, and for some reason, I had engaged in some conduct, which I recall was that I had sold way more BTC than I should have at $315, and I said to myself, "shit, that's a screw up, and in order to make up for that screw up, I just have to refrain from either buying or selling until the price comes to my points."  Thereafter I did not permit myself either to buy or sell until either below $300 or above $329.  I did not know which price was going to occur first, and after I resolved to make that plan as a means to recover my portfolio, I did not really care which direction occurred first.  In that particular scenario, I recall that BTC prices fell below $300, I made my purchase, and thereafter I was able to resume my previous buy/sell techniques (with a bit of a lesson).

[becoin]

Vint Cerf and Bob Kahn? Or because they worked for DARPA, the guy who started ARPA, Dwight Eisenhower?

Wrong. ARPA created the TCP protocol and DNS to a certain extend. The rest (what people use now as Internet or WWW) - HTML, web browsers, web servers all that stuff was created in CERN Switzerland. Educate yourself!

http://timeline.web.cern.ch/timelines/The-birth-of-the-World-Wide-Web

[DaRude]

Vint Cerf and Bob Kahn? Or because they worked for DARPA, the guy who started ARPA, Dwight Eisenhower?

Wrong. ARPA created the TCP protocol and DNS to a certain extend. The rest (what people use now as Internet or WWW) - HTML, web browsers, web servers all that stuff was created in CERN Switzerland. Educate yourself!

http://timeline.web.cern.ch/timelines/The-birth-of-the-World-Wide-Web

What about Cisco creating routers? Or people who created BGP? Or the guy that was single handedly running DNS for the longest time? All good people but how many people who use internet now know or care about them? And how much weight do they have on current RFCs?

[mogrith]

Vint Cerf and Bob Kahn? Or because they worked for DARPA, the guy who started ARPA, Dwight Eisenhower?

Wrong. ARPA created the TCP protocol and DNS to a certain extend. The rest (what people use now as Internet or WWW) - HTML, web browsers, web servers all that stuff was created in CERN Switzerland. Educate yourself!

http://timeline.web.cern.ch/timelines/The-birth-of-the-World-Wide-Web

you asked a precise question when he answered, then you redefined the question from internet to Web so you could call him wrong 
WEB != internet.  TCP is internet 

[becoin]

WEB != internet.  TCP is internet  

No. I stand correct. Internet is TCP/IP, but mainly HTTP (created in CERN).

Yes. WEB != Internet. But... WEB is 99% of the Internet. When have you used for the last time the gopher protocol?!... And yes, for 99% of the Americans Alan Gore created Internet

[Blacula X]

99% of the Americans Alan Gore created Internet

>JimboToronto
Canadian. And probably French, at that.

[JimboToronto]

you asked a precise question when he answered, then you redefined the question from internet to Web so you could call him wrong 

Thanx.

If he'd said Web I'd have said Tim Berners-Lee. It's amazing how many people confuse the 2.

Some of us actually were born and remember the time before HTML. Some of us even remember when computers used vacuum tubes, mechanical drum memory and punch card storage and i/o.

Some of the keypunch girls were kinda pretty. 

[JayJuanGee]

There is some chomping away, little by little.

When we reach $449.99 on Stamp, I would like to see those 712 coins purchased immediately... hahahahahaha... then maybe play around a little bit, for an hour or two, and then when we reach $451.99, buy up those 381 coins, immediately. 

Are we ready for that?  Would those kinds of immediate buys cause any fireworks, or am I just wishfully thinking for upward BTC price movement that will not occur until next week?

[JimboToronto]

>JimboToronto
Canadian. And probably French, at that.

Definitely (and proudly) Canadian, but not French.

If you knew anything about Toronto, you'd know it's mostly Anglophone with smatterings of Mandarin, Hindi, Portuguese, Italian and many others. To find Francophones, you're better off going to the French belt that extends from northern New Brunswick, through Quebec and northern Ontario and into parts of Manitoba.

[mogrith]

On a Sub I was on in the early 80s (https://en.wikipedia.org/wiki/USS_Patrick_Henry_%28SSBN-599%29) we had an old no longer needed computer with drum memory. It had a bad starting cap so would not spin up on it's own. But if we wrapped a cord on the shaft an got it spinning it would work. It's the only pull start computer I've ever seen.

I guess I should have started this with 'This is a real no-s^*%er'

[Blacula X]

On a Sub I was on in the early 80s (https://en.wikipedia.org/wiki/USS_Patrick_Henry_%28SSBN-599%29) we had an old no longer needed computer with drum memory. It had a bad starting cap so would not spin up on it's own. But if we wrapped a cord on the shaft an got it spinning it would work. It's the only pull start computer I've ever seen.

I guess I should have started this with 'This is a real no-s^*%er'

Youngsters with your hotrodded electrified Babbage engines... Foolishness!  A slipstick and a sturdy hand-crank adding machine is plenty good enough, one EMP and kiss all your newfangled electrogizmos goodbye

@JimboToronto re. "If you knew anything about Toronto":
Is in Canada, all that a civilized Gentleman needs to know

[Holliday]

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

[Tzupy]

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but with low volume a 4.5k ask wall should hold.

[Holliday]

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but with low volume a 4.5k ask wall should hold.

Now it's turning into a stairway.

[Fatman3001]

I see a fairly decent sized wall, and no one is talking about it here. Now I have the sad.

Edit: Wall shrinks

Yeah, Bitfinex wall grew from 1.5k to 4.5k, then shrank back. But it was enough to make me close my long at a tiny loss (slippage and fees).
Let someone else attack that wall with force, then maybe I'll take a little bite too. I was expecting a little pump, but with low volume a 4.5k ask wall should hold.

Now it's turning into a stairway.

Am E+ C D F G Am

[bobabouey2]

Kudos to Gavin:

https://twitter.com/gavinandresen/with_replies

Jerry Brito ‏@jerrybrito  4h4 hours ago
@gavinandresen Are you still certain beyond a reasonable doubt that Craigs Wright is Satoshi?

‏@gavinandresen
@jerrybrito Ask me in six months; I don't trust my own judgement right now after all the drama.

Gavin Andresen ‏@gavinandresen  4h4 hours ago
Today I'm thinking: @aantonop is a very wise man. And: "we are all Satoshi" is such a lovely idea; might say "yes" when asked "are you?"

[marcus_of_augustus]

Ian Grigg is working with R3 banking consortium (with Mike Hearn, etc) ... full guns blazing that Wright is Satoshi. Has R3 given money to Wright?

"So if I am doing a trade with some counterparty, I will be able to check the provenance of that person very clearly because that's what the technology provides; it provides information about who that person is and if we have appropriate systems in place we can get good information on who that person is.

"So it may not need to be a fully controlled walled garden if I trust the source of the information that's coming from the other side. That becomes interesting if you have got, for example, a consortium of banks, or a consortium of companies working together, you can't really do appropriate due diligence on everybody. You'll always know that you are talking to somebody on the other side of the world so you need the information on that person.

"It's not getting into the chain that's the issue, it's finding out who you are talking to. Once you have that, you have the ability to layer different industries together on the same fabric, if you like, and you don't have to worry too much about KYC and AML on the entry point; you do it on the trade point. So there are a range of options here."

[Fatman3001]

Kudos to Gavin:

Gavin Andresen ‏@gavinandresen  4h4 hours ago
Today I'm thinking: @aantonop is a very wise man. And: "we are all Satoshi" is such a lovely idea; might say "yes" when asked "are you?"

Didn't Gavin say in "The Rise and Rise of Bitcoin" that he was in Australia around the time Bitcoin started?

GAVIN IS CRAIG WRIGHT!!!

[JayJuanGee]

Kudos to Gavin:

https://twitter.com/gavinandresen/with_replies

Jerry Brito ‏@jerrybrito  4h4 hours ago
@gavinandresen Are you still certain beyond a reasonable doubt that Craigs Wright is Satoshi?

‏@gavinandresen
@jerrybrito Ask me in six months; I don't trust my own judgement right now after all the drama.

Gavin Andresen ‏@gavinandresen  4h4 hours ago
Today I'm thinking: @aantonop is a very wise man. And: "we are all Satoshi" is such a lovely idea; might say "yes" when asked "are you?"

How do you give Gavin kudos for that level of lameness, non-commitedness (and vagueness) in his response?

[bobabouey2]

Kudos to Gavin:

https://twitter.com/gavinandresen/with_replies

Jerry Brito ‏@jerrybrito  4h4 hours ago
@gavinandresen Are you still certain beyond a reasonable doubt that Craigs Wright is Satoshi?

‏@gavinandresen
@jerrybrito Ask me in six months; I don't trust my own judgement right now after all the drama.

Gavin Andresen ‏@gavinandresen  4h4 hours ago
Today I'm thinking: @aantonop is a very wise man. And: "we are all Satoshi" is such a lovely idea; might say "yes" when asked "are you?"

How do you give Gavin kudos for that level of lameness, non-commitedness (and vagueness) in his response?

He acknowledges he shouldn't have done the London meeting (@aantonop reference), and says he no longer trusts his own judgment.  Not vague at all.  If you lose faith in your judgment, why would it be better to make another judgment call so quickly?

Oh, and being scammed and then publicly humiliated takes a pretty big toll, I think a three day turn-around ain't bad.

Regardless of whether we agree on kudos, I think we can agree it is far better than Matonis, JVP and Grigg.