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

[marcus_of_augustus]

Now this... This is premium petulance plus. Platinum!

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[BlindMayorBitcorn]

I heard today a jury watching an accident playback in slow-motion is significantly more likely to lead to a conviction. I didn't read the article (obviously) but I guess it's all psychological.  

[AlexGR]

And up we goooooo...
almost to $570..
come on you bloody bastard ... SKY!

As I said, you can't expect a 70mn hack to sustain a marketcap suppression of 2 billion+. It's not reasonable and it's not sustainable.

If it was reasonable, the entire ETH marketcap should have been zeroed out after the DAO hack (similar size hack yet at a coin of 1/10th marketcap).

Well sorry to say I'm waiting for the other shoe to fall....the Chinese miners saying they are gonna fork ....nothing from the meeting to me means nothing was fixed
of this last year go around on block size...thus FORK (fml)

wait for it......

https://bitcoinfees.21.co/

In the last 24hrs, 54.000 txs were confirmed while paying 1-20 satoshi/byte... This doesn't happen when you have capacity issues. They wouldn't even get processed due to fee competition.

[empowering]

Grumpy? How is "Never a dull moment " grumpy? You're like unscary clowns, I totally enjoy your wacky shenanigans!

It was more your outrageous petulant and over the top outburst "Still got nothing? Good!"  

You misunderstood me, Friend. Simply a mundane fact, something to check off from a list, like "Loaf of shitty bread? check; giant can of Ravioli? yup; empowering got nothing again? Good, good."

... yeah, that's not a big surprise, people don't get like you notlambchop by hanging out with sane people.

Now this... This is premium petulance plus. Platinum!

I understood you the first time, you just seem grumpy lambie, I was just looking out for you and giving you some encouragement.. as I said I was enjoying your (very insightful) bedtime story... I was hoping for more from the beautiful mind of yours... c'mon, tell us about some new thoughts you have been having lately, weave them into a witty lyrical bedtime story for all of us weary beaten Bitcoiners..

(also, crappy bread and ravioli is not going to help your blood sugar levels very much, and not a great addition to your weird diet I am sure, but you know, work on it, it will help you stay more even, y'know mood wise. Plus we have all been talking and you pull some serious hours on here so, you know, please look after yourself Lambie, we would all miss you if you had a heart attack or fell into a diabetic coma, or fell down the stairs because you were light headed with all that genius of yours combined with that shiddy diet)

 Anyway I believe it is past my bedtime, all of our bedtimes Lambie.

[AlexGR]

... too funny.

In all seriousness, we have had some progress:

MyBitcoin was an excel spreadsheet on some anonymous guys laptop
Mt. Gox was a web based exchange written in PHP by some tubby french guy bouncing on a Swiss ball nursing a frappucino
Bitfinex was web based exchange written in Ruby by some HK hedge fund wannabes

... continuing on this evolutionary arc next we'll have the new 'biggest' bitcoin Javascript-based exchange blow-up, then a java-based exchange, one day some real coders and security guys will decide to start an trustless, dark exchange because the financial shilly types, lawyers, regulator parasites and govvy agents have been run out of town with bigger problems (of the lamposts and nooses type)

Next thing you know, the safest exchange will be a human operated one. All deposits and withdrawals checked by human operators, one-by-one. Zero chance of hacking without a human being complicit. I'd offer that service with a fee attached (1$ for standard processing time - which could take hours, 5-10$ for ultra fast processing - which could take a few minutes). No more monies flying out of wallets by themselves while nobody notices. At least now we'll know for sure it's an inside job

[Paashaas]

Hedge Fund Expert: Bitfinex Hack Shouldn’t Deter Big Investors.

he would not recommend bitcoin to his institutional clients simply because “we don’t see the interest there yet.” However, he also said that the interest “will come” in the future.

Regardless of when institutional players will start seriously investing in bitcoin, whether it be 6 to 9 months or longer, both experts agree that bitcoin was not to blame for the hack at Bitfinex. Factors that will influence institutional investing in bitcoin are based on fundamental factors such as the demand to hold bitcoin as an uncorrelated asset in portfolios

https://news.bitcoin.com/bitfinex-hack-bitcoin-investors/

[ImI]

looks like some fomo going on

[adamstgBit]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

[marcus_of_augustus]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

wtf?! we're never seeing 420 again, those blazing days are over

[adamstgBit]

itBit is clearly leading both in volume and price  ( according to http://bitcoincharts.com/markets/ )

now i'm wondering, what is itBit? and where did it come from?

[marcus_of_augustus]

i bet those HK kidz get it back to 604 for the finex re-opening, however briefly, then it's anyone's guess

[adamstgBit]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

wtf?! we're never seeing 420 again, those blazing days are over

aminorex's monkey said 440

monkey see monkey do.

[marcus_of_augustus]

itBit is clearly leading both in volume and price  ( according to http://bitcoincharts.com/markets/ )

now i'm wondering, what is itBit? and where did it come from?

itBit is founded by some ex-goldman sachs (wall St.) derivatives traders who set-up the first NY-based charter trust for bitcoin trading circa late 2014 ... the main guy Chad Cascarilla (sp.?) seems pretty decent and savvy ... don't know anything about their technical side of things

http://www.businessinsider.com.au/interview-itbit-ceo-chad-cascarilla-blockchain-2016-2?r=UK&IR=T

[nanobtc]

Perhaps it's a sign of spending too much time here, but I'm starting to be able to identify NLC pretty quickly now. Each new sock tries to have something unique initially, but speech patterns and themes keep recurring.

[marcus_of_augustus]

Perhaps it's a sign of spending too much time here, but I'm starting to be able to identify NLC pretty quickly now. Each new sock tries to have something unique initially, but speech patterns and themes keep recurring.

hehehe, you noticed too? He rises to same bait as well, then you can pin his skinny govvy-shilling ass to the wall, every time.

[aminorex]

I would not be surprised if 120k btc got dumped over the next 5 days or so, and price was attracted to lower support.  I will definitely buy at ⁴⁴⁴.

Lost a tiny sliver on bfx myself.  Much to my pleasure, I removed almost all of my btc from bfx on friday.  No, I did not have any inside info.  But monkey was saying it was a bad time to lever: volatility squeeze

So what is the new go-to platform, if you want to lever on btc, short or long?

[marcus_of_augustus]

https://www.reddit.com/r/Bitcoin/comments/4w0vwi/genuinely_one_of_the_most_bizarre_interviews_ive/

Here's some comedy Gold ... Satoshi is a foul-mouthed, bad-tempered Aussie ... bit like Kath and Kim show.

[UngratefulTony]

Perhaps it's a sign of spending too much time here, but I'm starting to be able to identify NLC pretty quickly now. Each new sock tries to have something unique initially, but speech patterns and themes keep recurring.

hehehe, you noticed too? He rises to same bait as well, then you can pin his skinny govvy-shilling ass to the wall, every time.

U guise are bright. Surely couldn't be because nearly every new user on these esteemed fora is a barely literate sig ad shekel farmer, hmm?

I would not be surprised if 120k btc got dumped over the next 5 days or so, and price was attracted to lower support.  I will definitely buy at ⁴⁴⁴.

Lost a tiny sliver on bfx myself.  Much to my pleasure, I removed almost all of my btc from bfx on friday.  No, I did not have any inside info.  But monkey was saying it was a bad time to lever: volatility squeeze

So what is the new go-to platform, if you want to lever on btc, short or long?

Bucketshops/gambling sites with 20-100X leverage? Chinese exchanges with VPN?

Interesting to see most of the volume moving to GDAX, stamp, and itbit... no shorts allowed tho, sorry guise.

[Dafar]

somthing fun to read -> https://bitcointalk.org/index.php?topic=796276.msg15810284#msg15810284

skip to the bottom for the meat.

Damn you got hella bearish all the sudden.

I don't think we will go down to below $500. The price overracted because of BFX and this doesn't feel nearly as bad as gox. Everyone's been expecting worst case scenarios but rumors are that BFX will be resuming business soon. Depending on how well they handle customer losses things could turn around really fast. And if this block-size/HF drama finds some middle ground, like Core confirms that 2mb HF + segwit is still in motion with an updated timeline AND Winklevii + COIN ETF gets the green light we could be looking at greatness this year

Do you have more info on BTCFork, and their reddit page? First I'm hearing of this.

[marcus_of_augustus]

So what is the new go-to platform, if you want to lever on btc, short or long?

BitMex looks like the next casino on the rise ... dyodd