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

[jbreher]

I can't believe we're back on about block size again. My new compass is $700. I can't die holding bitcoins.

WTF? If you die holding any monetary asset, but no Bitcoin, I will have lost respect for you.

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Quote
Quote from: BlindMayorBitcorn on Today at 06:52:47 AM
I can't die holding bitcoins.


WTF? If you die holding any monetary asset, but no Bitcoin, I will have lost respect for you.

Reply to this Personal Message here: https://bitcointalk.org/index.php?action=pm;sa=send;f=inbox;pmsg=5555973;quote;u=0

... as if the topic of bitcoins becoming frozen due to the death of the owner have no impact upon 'Bitcoin price movement tracking & discussion'... grow a fucking brain, moderator.

eta: (Edited To Add): 'fucking' - as in: grow a fucking brain, moderator

eta2: we see you. and your shit antics
...and we are not amused
     ... and that ain't the royal we, either

[BlindMayorBitcorn]

I can't believe we're back on about block size again. My new compass is $700. I can't die holding bitcoins.

WTF? If you die holding any monetary asset, but no Bitcoin, I will have lost respect for you.

QFT:

You have just been sent a personal message by Bitcoin Forum on Bitcoin Forum.

IMPORTANT: Remember, this is just a notification. Please do not reply to this email.

The message they sent you was:

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
Quote from: BlindMayorBitcorn on Today at 06:52:47 AM
I can't die holding bitcoins.


WTF? If you die holding any monetary asset, but no Bitcoin, I will have lost respect for you.

Reply to this Personal Message here: https://bitcointalk.org/index.php?action=pm;sa=send;f=inbox;pmsg=5555973;quote;u=0

... as if the topic of bitcoins becoming frozen due to the death of the owner have no impact upon 'Bitcoin price movement tracking & discussion'... grow a fucking brain, moderator.

eta: (Edited To Add): 'fucking' - as in: grow a fucking brain, moderator

eta2: we see you. and your shit antics
...and we are not amused
     ... and that ain't the royal we, either

Lol. I plan to go out in a blaze of reckless spending. Is that so wrong?

[Cassius]

OK, here's the funny thing. The central bank can bloviate all it wants. In the end the people have the power. (OK, it wasn't exercised in this recent India demonitization, but we should be ready for the next ((hint: it's coming to you)) ).

What do I mean? India was about 80% cash. Why would the people not just reply with 'fuck you - we'll just keep using these notes the same way we have been'. Nothing changes. 80% of all transactions continue being done in cash -- not recognized by the gubmint, but who the fuck gives a shit -- and Modi ( and his wall street financiers) get to stew over in the corner. I mean really -- for the people, what is the downside?

The problem is that you have to trust every other member of society to honour the value of that non-government-backed cash. It's like a massive game of Prisoners' Dilemma. Personally I wouldn't trust other people to maintain the value of my wealth (any more than I'd trust the government). Unless it has some sort of very widely recognised/intrinsic value, you're playing a very dangerous game.

But aren't you already trusting the government to maintain the value of your cash?

The reality is that fiat money only has value because the government accepts it for taxes. Take that away and you are literally asking people to trade against pieces of paper. That works so long as there is confidence: if people agree something is money, it is money. But if people start suggesting the emperor is running around in the buff, it's going to fall apart pretty fast.
Of course, the emperor is running around in the buff and things are going to fall apart. It will just take a little longer whilst the government is able to enforce the value of fiat.

[Tzupy]

ZE Jiang(BTC.TOP): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange

https://twitter.com/cnLedger/status/819808775032868865

Oh shit, after reading this and realizing the possible implications, I will have to be extra careful after opening a long... Planned to open one in a couple of hours...

[molecular]

ZE Jiang(BTC.TOP): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange

https://twitter.com/cnLedger/status/819808775032868865

Oh shit, after reading this and realizing the possible implications, I will have to be extra careful after opening a long... Planned to open one in a couple of hours...

What possible implications exactly?

[Searing]

ZE Jiang(BTC.TOP): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange

https://twitter.com/cnLedger/status/819808775032868865

Oh shit, after reading this and realizing the possible implications, I will have to be extra careful after opening a long... Planned to open one in a couple of hours...

SkyNet😏
So it begins. The great btc bot revolt. Ack!

[Tzupy]

ZE Jiang(BTC.TOP): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange

https://twitter.com/cnLedger/status/819808775032868865

Oh shit, after reading this and realizing the possible implications, I will have to be extra careful after opening a long... Planned to open one in a couple of hours...

What possible implications exactly?

A possible 10x drop in Chinese volume, how do you think that would look? Bullish?

[European Central Bank]

A possible 10x drop in Chinese volume, how do you think that would look? Bullish?

a 10x drop of something that never really existed. getting rid of an irrelevancy is a good thing in the long run.

[Cassius]

ZE Jiang(BTC.TOP): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange

https://twitter.com/cnLedger/status/819808775032868865

Oh shit, after reading this and realizing the possible implications, I will have to be extra careful after opening a long... Planned to open one in a couple of hours...

What possible implications exactly?

A possible 10x drop in Chinese volume, how do you think that would look? Bullish?

So long as there's not been any fractional reserve shenanigans (which would, admittedly, surprise me but seems to have been the case from the reports so far) then this shouldn't make too much difference? Wash volume shouldn't move price, and ultimately if you can withdraw BTC and sell them elsewhere then price should take care of itself.

[Chainsaw]

ZE Jiang(BTC.TOP): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange

https://twitter.com/cnLedger/status/819808775032868865

Oh shit, after reading this and realizing the possible implications, I will have to be extra careful after opening a long... Planned to open one in a couple of hours...

What possible implications exactly?

A possible 10x drop in Chinese volume, how do you think that would look? Bullish?

So long as there's not been any fractional reserve shenanigans (which would, admittedly, surprise me but seems to have been the case from the reports so far) then this shouldn't make too much difference? Wash volume shouldn't move price, and ultimately if you can withdraw BTC and sell them elsewhere then price should take care of itself.

 The spread between US and Chinese prices has narrowed not increased today. I had hoped the market would overreact bearishly to this, but I take the narrowing spread as a sign that we may already be moving to consolidating price discovery.
...I wish I like the bottom we have set in better.

[vgo]

I suspect the PBOC will find evidence of fake humans, trading on huobi.

Or a Huobi exchange doesn't even exist and it was just a price feed originating from Karpeles' laptop.

Will they all be the same person/bionic trade bot?? A.K.A. "We observe huge volume of high-freq trade by users, often attributed to "faked by exchange" ".


Magic Willy.



NoOK Coin Star



Hubi duby doo



LTCChina

[0xfff]

I never regret hodling my coins. I just wait for price to go back up. Nothing lost today.   Very good for me  

[Miz4r]

Margin trading + 0 fees = inflated volume and sickening volatility like we've seen on OKC and Huobi. Now we're going to back to more balanced figures. Don't think this is bearish immediately, as people might be afraid to sell their real coins now instead of borrowing them and then selling. Volatility is very likely to go down though, which could be bullish. But it is also unlikely we'll see $1000+ very soon again without crazy leveraged Chinese traders giving the price an extra push. Probably this is good for the volume on western exchanges as traders move back from Huobi and OKC for margin trading. So all in all I think this is a good thing, it's not very good to have the Chinese exchanges take up too much of the overall Bitcoin trading volume. Doesn't mean we've seen the bottom yet though of this correction. Personally I find it too dangerous to sell now, a quick move back up to $900 is in the cards and could happen at any time imo.

[molecular]

A possible 10x drop in Chinese volume, how do you think that would look? Bullish?

a 10x drop of something that never really existed. getting rid of an irrelevancy is a good thing in the long run.

1.) not sure the volume will drop that dramatically. They still charge 0% fee, right? They still lower withdraw fees based on trading volume, no?

2.) for those who take the chinese volume figures for what they are (inflated), a drop in those due to regulation should not be viewed as problematic

of course there are always those who misinterpret things and those people can move the market, I give you that. But I doubt it will be a factor.

[petahashminer]

that margin trading is the number one reason of that bitcoin volatility since 2015..

lots of people scared of volatility of bitcoin.

if margin trading stops as stated above, this will be a bullish news for all community.

[molecular]

that margin trading is the number one reason of that bitcoin volatility since 2015..

lots of people scared of volatility of bitcoin.

if margin trading stops as stated above, this will be a bullish news for all community.

there's plenty offers outside china

[eddie13]

ZE Jiang(BTC.TOP): Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange

https://twitter.com/cnLedger/status/819808775032868865

Oh shit, after reading this and realizing the possible implications, I will have to be extra careful after opening a long... Planned to open one in a couple of hours...

What possible implications exactly?

A possible 10x drop in Chinese volume, how do you think that would look? Bullish?

Are we sure this is true? I just checked my huobi account and margin seems to be the same



I figured they were already doing that to me..
Once in a while during big moves it would take my margin availability away in one direction or another..
Or just simply not process my trades :/

... I'm not so convinced that the volatility can be blamed that easily on margin, lol..

If anything, legit margin trading should increase liquidity and decrease volatility..

Now just straight up manipulation of exchanges faking movement, fud news, hype news, blah blah, can definitely cause excess volatility..

[slap]

Eddie, I tought it only accounted for Chinese citizens, so foreigners are still able to trade on margin.
Not sure ocourse. Hope this helps.

[eddie13]

[jman0war]

European Central Bank

What's up with your avatar?
Only the UK is exiting the EU.

Not Ireland.