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

[williamuk]

Posted March 13th

Scariest shit I read all day.... to think we just ended up here is naive.

https://twitter.com/bergealex4/status/841240903503114241

Hahaha this is so bad   I'm no fan of GS but they would never produce something that childish, this was written by a simpleton  

Entertaining pro Blockstream-Core propaganda. Now can I have my two seconds of life back please

[Meuh6879]

If you want secure cold storage with low-fee, it's time : mempool is empty.

[Meuh6879]

but the lightning network doesn't actually function in a decentralized manner

think "plastic card" bitcoins for payment without cellphone.

Wire is Bitcoin Network.
Plastic Card will be Lightning Network.

Ooooooh, you will enjoy that, Bro ...

[Meuh6879]

https://twitter.com/bergealex4/status/841240903503114241

Backup :

[Wexlike]

ROFL!

1.7% daily interest for lending on Poloniex! xD

[becoin]

time to exit crypto for a while, i see sell off soon

Isn't that you always see? And most of the time you're wrong!

[olseh]

ROFL!

1.7% daily interest for lending on Poloniex! xD

Yeah it's crazy is't it?!?! Only 1500 odd BTC on offer, lowest I've seen from memory

[Wexlike]

Just put the lending duration for only 2 days and withdraw before the china fork. Easiest profit of all time.

[machasm]

ROFL!

1.7% daily interest for lending on Poloniex! xD

Yeah it's crazy is't it?!?! Only 1500 odd BTC on offer, lowest I've seen from memory

Maybe peeps are taking their coins off the exchange in advance for the aug 1 chain split and there isn't enough btc to lend?

[Wexlike]

You should also get BCC for every BTC that you are lending from someone, this is at least how Kraken is doing it. This explains the high insane interest rate.

[olseh]

ROFL!

1.7% daily interest for lending on Poloniex! xD

Yeah it's crazy is't it?!?! Only 1500 odd BTC on offer, lowest I've seen from memory

Maybe peeps are taking their coins off the exchange in advance for the aug 1 chain split and there isn't enough btc to lend?

Pretty much, plus I don't think Polo are crediting BCC to any BTC held after the split so that's forcing people to take coins off the exchange

[oda.krell]

Posted March 13th

Scariest shit I read all day.... to think we just ended up here is naive.

https://twitter.com/bergealex4/status/841240903503114241

Hahaha this is so bad   I'm no fan of GS but they would never produce something that childish, this was written by a simpleton  

Entertaining pro Blockstream-Core propaganda. Now can I have my two seconds of life back please

Clearly you don't know the language used in the internal communication of multinational corporations, such as:

> Open door for external actors w/ no skin in game to disrupt incentives.

/s

[infofront]

Unfortunately, Ver can use bitcoin.com to shill for BCC and make people think BCC=bitcoin. Also, many in the media still know him as Bitcoin Jesus and think he's something of an official spokesman for Bitcoin.

And he and Jihan have a lot of money, of course.

Theye could definitely fuck things up.

[becoin]

And he and Jihan have a lot of money, of course.

Good.
By selling the fork we shall legally transform their money into more bitcoins on our wallets.

[bones261]

ROFL!

1.7% daily interest for lending on Poloniex! xD

Yeah it's crazy is't it?!?! Only 1500 odd BTC on offer, lowest I've seen from memory

Maybe peeps are taking their coins off the exchange in advance for the aug 1 chain split and there isn't enough btc to lend?

Pretty much, plus I don't think Polo are crediting BCC to any BTC held after the split so that's forcing people to take coins off the exchange

Wow, there are only 591 BTC available for lending on Polo, and the lowest lending offer is now 3.3666%. Too bad I moved my BTC that I was lending over a week ago, to safety, in private keys that I control. I guess better be safe than sorry.

[leowonderful]

I wonder what the price of BCC + BTC combined will be when BCC comes out. Hopefully price on BTC doesn't crash too hard or goes down that much at all. It's pretty much more BTC for all, though, hopefully Jihan and Friends will keep price up long enough for us to get a decent price for it. I expect an ETC-like price situation.

[Torque]

Wow, there are only 591 BTC available for lending on Polo, and the lowest lending offer is now 3.3666%. Too bad I moved my BTC that I was lending over a week ago, to safety, in private keys that I control. I guess better be safe than sorry.

Hence the ultra thin float right now. Price can move majorly in either direction with very little money, but if exchanges don't have enough bitcoin then shorting becomes difficult.

Which is why I don't trust markets that thin out like this. It doesn't represent true demand mechanics. In Nov 2013 at the height of the last rally, it was clear that the pumpers had sucked out all liquidity because the price was jumping up and down hundreds of dollars (20-30% moves) in a single day.

Caveat emptor.

[jojo69]

http://www.zerohedge.com/news/2017-07-28/bitcoin-civil-war-over

the most logical way to defend against the threat from a market psychology perspective is to hold onto your BCC even if you think it’s garbage. You have to understand that if bad actors want to make Bitcoin look bad and their alt-coin look good, price will be a huge part of their strategy.

It might make sense to not dump your BCC right away, which could let bad actors control the entire float. If you do that, they can then dump their BTC on the market while controlling all the BCC and ensure it goes up while Bitcoin drops. I’m not saying this is my assumption, I’m saying its possible. As such, hold on to your BCC to prevent them from executing this strategy. Then if BTC does drop as BCC rises, you have dry powder to take the other side of the trade. The risk in this strategy is that BCC crashes right away and never recovers and you lose that free money, but if that happens you’ll still probably benefit from a rising BTC price.

[jbreher]

Yes. In my math, $403 is exactly between 1% and 2% of $2759. </s>

And you call that math?!?!? Jesus, I wonder how many 'traders' trade by such math 

'zackly

[becoin]

I wonder what the price of BCC + BTC combined will be when BCC comes out. Hopefully price on BTC doesn't crash too hard or goes down that much at all.

Either way is very profitable. If price of fork is higher than we expect we shall get more of Jihan's and Ver's money when we sell it. if price of bitcoin is lower than we expect we can buy more bitcoins.