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

[aztecminer]

i voted $5000+ on the poll .. we really got to start mooning if we reaching $500k in three years.

[deepcolderwallet]

[snowdropfore]

i do not think it is a double top, the sky is no limit untill we get on the mars .that means 100000 dallors

[Torque]

Buy the dip!

https://www.youtube.com/watch?v=0akBdQa55b4

[r0ach]

The satellite allows those people to also be able to get the Blockstream's approved version of the blockchain (well part of it, only new blocks right now)

FTFA

You people need to stop pretending it's even possible to create a decentralized cryptocurrency in the first place.  Nothing resembling a Nash equilibrium will EVER exist in these things, only an exposed power vacuum to be taken over by a monopoly man or cartel.  If Satoshi is not a govt stooge, this is why he's gone because it's a dead end and there's nothing he can do to fix it.  If he is a govt stooge, well you're probably not going to want to promote some propaganda tool to try and "de-cash" society to create a new slave control grid.  It's a lose/lose scenario regardless.

[drbrockcoin]

Sorry guys bit of an unrelated question. Feel free to ignore or opint me to the right place for this.

So I opened a long position on Bitfinex (BTC/USD) for 0.15 BTC. I set a sell order of 0.05 BTC at the price of 4410 dollars. Now usually when you close a position on Bitfinex the profits are deposited as USD however as the position is still open no USD was deposited as profits based on the sale of 0.05 BTC however there seems to be additional BTC in the margin account but this amount is really high and surely not the profits from selling a 3rd of my position.

Is there anyone here who has had experience using margin trading on Bitfinex or Margin trading in general that can explain to me what is going on?

Thanks in advance

[fabiorem]

The satellite allows those people to also be able to get the Blockstream's approved version of the blockchain (well part of it, only new blocks right now)

FTFA

You people need to stop pretending it's even possible to create a decentralized cryptocurrency in the first place.  Nothing resembling a Nash equilibrium will EVER exist in these things, only an exposed power vacuum to be taken over by a monopoly man or cartel.  

To use silver as currency you need to mint them, and you need consensus so that the merchant might accept it. Also silver coins are defined by purity, less pure coins value less and so are used to buy cheaper stuff. In the past silver coins minted by foreign authorities were weighed by merchants and were valued according to their weight. However you can't carry too much silver coins inside your pockets, and they call attention from people who might steal them from you.

With bitcoin you can carry a chest full of silver inside a cellphone. And you can put a password on it so nobody can steal it. You will still need consensus, which is the primary requirement for any currency.

It's the same for e-readers, where you can carry a library inside it, all in digital format.

Welcome to the 21st century.

[fabiorem]

Its not a double top. At first I thought it was. But that big green candle in bearstamp defined the new dip. I guess the floor can be $4100-4200 for now.

[JayJuanGee]

Don't be advertising how many coins you have boys, I'd delete those posts.

There had been some folks who wanted to get into and to attempt to maintain themselves in the 21 bitcoins club..... Then with the passage of time, 2.1bitcoin might seem good - and even .21btc could be a goal in the near future.  Just gotta attempt to accumulate as best as you can and HODL as best as you can. Attempt to talk in the hypothetical, rather than actual numbers....

On funny thing is that frequently guys would make fun of me for beginning to buy at the top.. $1200, and even in late 2016, it appeared that those of us beginning to buy at $1200 might not get our HODL money back for a while; however, now $1200 seems like a kind of bargain.... How times change in such a short period of time!!

There were quite a few folks that I began to recommend buying in the upper $300s - and I looked like a fool for about a year, then bitcoin fate seemed to have turned, and now $300s seems like a real bargain, too.

[r0ach]

The satellite allows those people to also be able to get the Blockstream's approved version of the blockchain (well part of it, only new blocks right now)

FTFA

You people need to stop pretending it's even possible to create a decentralized cryptocurrency in the first place.  Nothing resembling a Nash equilibrium will EVER exist in these things, only an exposed power vacuum to be taken over by a monopoly man or cartel.  

To use silver as currency you need to mint them, and you need consensus so that the merchant might accept it. Also silver coins are defined by purity, less pure coins value less and so are used to buy cheaper stuff. In the past silver coins minted by foreign authorities were weighed by merchants and were valued according to their weight. However you can't carry too much silver coins inside your pockets, and they call attention from people who might steal them from you.

With bitcoin you can carry a chest full of silver inside a cellphone. And you can put a password on it so nobody can steal it. You will still need consensus, which is the primary requirement for any currency.

Nice false equivalence tactics you shills.  You start with the premise that bitcoin is actually valid when it's not because it's designed to centralize and it's value proposition is supposed to be based on decentralization.  Therefore it has no actual value if going by fundamentals alone.  It's also not fungible, has built-in middlemen, and doesn't remove counter party risk, so the most it can be is a currency like dollars or airline miles and not money.  

As for silver, in the old days people transacted in coins minted by the state usually.  At this point in history people didn't have access to knowledge and technology to verify if the silver was real or not so they were transacting entirely on the basis of the state's insignia.  In other words, they were still using the equivalent of fiat.  However, in the 21st century the state's insignia is now irrelevant because it's very easy for the common man to test if the silver is real or not such as resonance test, specific gravity test, magnet test, etc.  There are even free phone apps where you can just ping the metal and the microphone picks it up and tells you if it's real .999 silver by the resonance.  

This means metals in the past were no different than fiat, but now metals are no longer fiat anymore.  Technology has allowed them to be assessed by anyone without the state's seal being required.  Worst case scenario, places like grocery stores would just use handheld xray units like this to detect metal content in seconds:

http://www.bruker.com/products/x-ray-diffraction-and-elemental-analysis/handheld-xrf/s1-titan-series/overview.html

So yea, welcome to the 21st century you fools, where metals became an even stronger form of money due to technology, while it's still impossible to create a decentralized digital currency, thus digital currency has no value.  

[Elwar]

There were quite a few folks that I began to recommend buying in the upper $300s - and I looked like a fool for about a year, then bitcoin fate seemed to have turned, and now $300s seems like a real bargain, too.

I recommended people refinance their house and take a loan to buy bitcoins when the price was $325.

The typical response was "I wouldn't go that far, buy but don't invest more than you can afford to looose.".

[BlindMayorBitcorn]

This seems like it could be important

https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8

[fabiorem]

This seems like it could be important

https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8

If the wallet have cryptography you cant open it without the password, even if you have the private keys.

I know that because I have a wallet with a lost password, and when trying to export the private keys to another wallet it asked the password the same way. Fortunatelly this wallet have very few satoshis.

[eXpl0sive]

This seems like it could be important

https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8

So if someone has physical access to a Trezor, they can have access to all BTC. In that case i don't know how a Trezor is better than my old fashioned paer wallet locked inside a safe. In fact, paper wallet is safer because i wouldn't be keeping the Trezor inside a safe, would I? Hmm....

[BlindMayorBitcorn]

This seems like it could be important

https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8

So if someone has physical access to a Trezor, they can have access to all BTC. In that case i don't know how a Trezor is better than my old fashioned paer wallet locked inside a safe. In fact, paper wallet is safer because i wouldn't be keeping the Trezor inside a safe, would I? Hmm....

Food for thought.

[bones261]

This seems like it could be important

https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8

So if someone has physical access to a Trezor, they can have access to all BTC. In that case i don't know how a Trezor is better than my old fashioned paer wallet locked inside a safe. In fact, paper wallet is safer because i wouldn't be keeping the Trezor inside a safe, would I? Hmm....

A $5.00 wrench can defeat both the paper wallet in a vault and the Trezor. No hacking knowledge needed.

[Elwar]

A $5.00 wrench can defeat both the paper wallet in a vault and the Trezor. No hacking knowledge needed.

As the dollar loses value this gif will eventually be funny for other reasons.

[Icygreen]

Damn, I just ordered a Trezor. Lucky they haven't shipped. I think I'll change my order for a ledger if this is true.

[bones261]

A $5.00 wrench can defeat both the paper wallet in a vault and the Trezor. No hacking knowledge needed.

As the dollar loses value this gif will eventually be funny for other reasons.

Easy fix. Just make it $50.00 wrench or $500.00 wrench or whatever.

[BlindMayorBitcorn]

Damn, I just ordered a Trezor. Lucky they haven't shipped. I think I'll change my order for a ledger if this is true.

I guess I paid about $700 for mine.