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

[JayJuanGee]

Get real!!!

Jihan and Ver and Wright and Garzik and whatever other bigblocker nutjobs, they are not even attempting to work within the Core governance system and to submit actual fucking BIPs... they whine and fart and engage in strategic actions and tactics outside the system (such as spamming the network and creating forks and publicly spreading misinformation), and they do not submit actual code or BIPs through the governance system that already exists (and they make shit up to say that they try to submit.. blah blah blah, and they are really just spreading lies, because they are not making any efforts to make changes through the already existing open governance system, aka core).

Haha ^^ <<shrilling intensifies>>

You might label my response as "shrilling," but it is merely a descriptive response to outline the behaviors of a renegade terrorist force.

[jojo69]

they pulling that 3700 wall or it getting eaten?

[JimboToronto]

Just back home. Bought the dip again ($3610USD).

This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing.  

Still got some fiat free, enough for a couple more dips. Gotta free up some more cash tomorrow.

This is obviously a great buying opportunity.

[600watt]

bitmain got hacked?

https://imgur.com/gallery/svUtw

but... but why is btc going down 

[YourMother]

At what price is it recommended that i should panic and dump all my bitcoins ? 

Oh, i forgot, it doesn't matter, since i bought most of my bitcoins at 200-$600.

I survived years of bearish markets

[JimboToronto]

This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing.  .

holy shit!
can you buy me 10K BTC at -3.4%, i'll pay you back an hour later    

LOL Too late. It's already back up over zero.

Zany though. I'd never seen a negative fee before.

[JayJuanGee]

[edited out]

Honestly, given these negative pressures I believe the simple fact that the price has not totally crashed is a very bullish indicator over the medium term. I put my money where my mouth is and I am now 1% fiat 99% BTC and 0% BCH so perhaps that makes me biased  

Despite your previous seemingly bearish assertions, you seem to playing this allocation situation a lot more BTC bullish than me.

I sell small increments of BTC as the price goes up, and then I tend to buy back more BTC as the price goes down - and so far, this system seems to work out pretty well for me but I would feel really stressed if I was only 1% fiat. 

Maybe if the BTC price were to drop 50% or 60% from its ($4400) top, which would bring us below $2k then maybe at that point, I would not mind being dedicated 99% BTC and 1% fiat - but I probably would feel a little more comfortable at about 2% fiat (even after a 50-60% price drop).. call me scared..  Call me conservative.... call me unwilling to bet the farm.. call me wanting to have some kind of reserve, at all times.   

Currently, I am at about a 92.5% BTC and 7.5% fiat, and I feel that I am a bit more BTC allocated than even my charts indicate that I should be below 91% (and these are charts that I made for myself, so I could just change my charts, I suppose, but it is showing that i am a bit too BTC allocated). 

Furthermore, this BCH shit kind of screwed me up a bit.  I got access to a bit more than 1/3 of my BCH because I had that amount of BTC on Bitfinex at the time of the fork - in order to have quick access to the BCH.  However, I already sold almost all of that BCH because I thought that by now, I would have gotten access to another 50% of my BCH (and maybe I could have sold at least half of that 50% of my BCH... and I cannot really say ahead of time whether I would be tempted to sell all of that 50% of BCH, until I get in the position to actually be able to do it.  I am still having trouble accessing it from my blockchain.info wallet seed. 

Anyhow, the BCH is theoretical if I do not have access to it, no?    By the way, I have about another about 8% of my BCH tied up with exchanges that have not yet issued BCH - even though they made statements  asserting that they were going to issue BCH at some time soon^tm    (Gemini, Stamp and Coinbase). 

So, I might get issued some BCH as late as January 2018 (according to coinbase) (when BCH is worth .01BTC?  who knows?)

[vit05]

Is this dip only because of BCH?

[Karartma1]

This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing.  .

holy shit!
can you buy me 10K BTC at -3.4%, i'll pay you back an hour later    

LOL Too late. It's already back up over zero.

Zany though. I'd never seen a negative fee before.

Lucky guy!
Sure a bug or something. Doing business like that they will close immediately

[El duderino_]

Just back home. Bought the dip again ($3610USD).

This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing. 

Still got some fiat free, enough for a couple more dips. Gotta free up some more cash tomorrow.

This is obviously a great buying opportunity.

Bought myself another dip to .... where Will it go from here another dip to be expected ?
Or Just another uptrend....?

Still sitting with 65% of my BCH to switch in BTC But wil we have another Good oppertunity ??
Like we had this weekend.....

[krizniq]

Just back home. Bought the dip again ($3610USD).

This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing. 

Still got some fiat free, enough for a couple more dips. Gotta free up some more cash tomorrow.

This is obviously a great buying opportunity.

Bought myself another dip to .... where Will it go from here another dip to be expected ?
Or Just another uptrend....?

why those questions are so repetitive? ... NOBODY KNOWS, play it as you feel it

[marcus_of_augustus]

Just back home. Bought the dip again ($3610USD).

This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing.  

Jimbo, really interested to know which company is running this and if it is a 2-way (buy btc or sell and get fiat)?

We had a proposition back in the day that you could run a network of these BTM things without ever having to manually load/extract fiat. This would greatly reduce labour costs, what was needed was an algo that could use dynamic pricing/fees that would incentivise people to buy in some areas of the network and sell in other parts so it was overall balanced fiat-wise ... if a guy was savvy enough he could use a fast motorbike or scooter and run around pulling fiat out in some BTM locations and stuffing it back in others and make a bit of cash/btc out of it. Essentially guys like this would be incentivised to do the labour of people going around loading/unloading fiat from the BTMs ... of course the btc can be shifted around by the network algo.

[machasm]

Just back home. Bought the dip again ($3610USD).

This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing.  

Jimbo, really interested to know which company is running this and if it is a 2-way (buy btc or sell and get fiat)?

We had a proposition back in the day that you could run a network of these BTM things without ever having to manually load/extract fiat. This would greatly reduce labour costs, what was needed was an algo that could use dynamic pricing/fees that would incentivise people to buy in some areas of the network and sell in other parts so it was overall balanced fiat-wise ... if a guy was savvy enough he could use a fast motorbike or scooter and run around pulling fiat out in some BTM locations and stuffing it back in others and make a bit of cash/btc out of it. Essentially guys like this would be incentivised to do the labour of people going around loading/unloading fiat from the BTMs ... of course the btc can be shifted around by the network algo.

Isn't this just the same as having slightly higher fees throughout and then paying someone to load btms?
In fact, if you had someone loading btms based on incentives then they would cherry pick the best returns and you may find that some machines wouldn't get serviced at all.

[P_Shep]

BCH is headed up sharply against BTC, maybe time to dump the rest of my BCH.

[Thanh Phung]

BCH is headed up sharply against BTC, maybe time to dump the rest of my BCH.

Free money.

[JayJuanGee]

This starting to look like almost an instamine:

481104    2 minutes ago    0x20000000    ViaBTC    PW/ViaBTC/Hello World!/
4vs    3.79
481103    4 minutes ago    0x20000000    Unknown    OWAfE_Af
/XXXYYY/mm#kC7CZ}Uki+VH+q s    17.50
481102    9 minutes ago    0x20000000    Unknown    NWAfkI5AfkAS/XXXYYY/mmVޱUp~6!BPs?ـV[K٪    11.10
481101    12 minutes ago    0x20000000    BTC.com    MWY/BTC.COM/
b%    2.50
481100    12 minutes ago    0x20000000    Unknown    LWʮz8c.yV`}%P#&$  9
   1.89
481099    12 minutes ago    0x20000000    ViaBTC    KW/ViaBTC/Hello World!/~dax~/    0.47
481098    13 minutes ago    0x20000000    ViaBTC    JW/ViaBTC/Hello World!/}da=    2.22
481097    13 minutes ago    0x20000000    Unknown    IWoaZ|hG?ߜ ?E{Rn-#/p-K    7.02
481096    14 minutes ago    0x20000000    Unknown    HWAf"hAf!/XXXYYY/mm
#93@  @+sjaxo<S`
   10.67
481095    16 minutes ago    0x20000000    F2Pool    GW,mm\bկ 'PG5|߄~k4 „🐟Mined by czzyzp9990    0.83
481094    16 minutes ago    0x20000000    Unknown    FW/}8ZkVx,u"R#10!6p,k    18.63
481093    19 minutes ago    0x20000000    Unknown    EWAfܒAfۀ
/XXXYYY/mm|7JjObwۿÊ9UoK
   4.57
481092    19 minutes ago    0x20000000    Unknown    DWAf¯AfͿ/XXXYYY/mm|7JjObwۿÊ9Uq&X*    7.35

At this rate it could be very soon that they surpass BTC in number of blocks and start shilling with the argument of "the longest chain blah blah":

There have been 2546 blocks mined since the hard fork.
(473 blocks behind the original chain)

 


They are catching up, and if they pass bitcoin in the number of blocks, then so fucking what?

Their difficulty has become so low that they could start mining a block a minute the next 24 hours, no?

  We are at the stage of two separate coins and not at any kind of coin in which the chains will be merged. 

How the fuck would you merge more than 3 weeks of blocks, including 2546 blocks (x2), as you mentioned.. it is not going to happen... or what would be a snowballs chance in hell, no? 

so it is not just the mining but the community of developers.  Is the community going to want to recognize BCH as the "one and only?"   Again, seems pretty fucking unlikely that you are going to get community adoption beyond a kind of smoke and mirrors miner fuck fest, right?

[JayJuanGee]

So, I might get issued some BCH as late as January 2018 (according to coinbase) (when BCH is worth .01BTC?  who knows?)

lol this is almost a favor they are doing you...  would you risk getting left behind even its just a 0.1% chance of a "flippening", just hodl it...
and altho BCH/BTC might drop, BCH has a very good chance at gaining $$ value. its pretty good shit....

You could be correct that BCH could gain dollar value - but wouldn't the more relevant question be how it does as compared to BTC?  Through its lifetime, it has largely been between about .05BTC to .25BTC --- so Yeah, if it can maintain its value in that range, then thak you very much to coinbase for forcing me to HODL my BCH.

I have a total of three hostage HODLs of my BCH... Bitstamp, Gemini and Bitstamp.. and the total forced HODLing would be about 8% of my total potentially issued-BCH.  Trickle me the BCH, so I can SODL it rather than HODL it... hahahahaha   

[aesma]

Bob I'm counting on you to buy back some cheaper coins !

[machasm]

Keep BitCHslapping the BitCH Bob!
Hmmm seems to roll of the tongue almost effortlessly 

[Last of the V8s]

if we don't break through 5k later this week, i'll eat my hat