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

[bones261]

You should be sympathetic to your fallen Bulls. Especially those that got a little too exuberant and went long at 100x on Bitmex at the wrong time. You should weep for your fallen Bulls.

Sorry, but I find it hard to be sympathetic to people who gamble with leverage. They fall into the category of suckers, be they bulls or bears.

But leverage is a good tool to make a boatload of money. Do you really think you can consistently win Monopoly by refusing to mortgage at an opportune time? I know that's a game, but how do you think Trump made much of his fortunes?

Edit: To all the other respondents above, want to get together for some quick games of Monopoly? I will demonstrate the power of leverage.   You all never mortgage no matter what, and I will. After a few games, we will see who comes out winning the most.  

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[1714737967]

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[savetherainforest]

You should be sympathetic to your fallen Bulls. Especially those that got a little too exuberant and went long at 100x on Bitmex at the wrong time. You should weep for your fallen Bulls.

Sorry, but I find it hard to be sympathetic to people who gamble with leverage. They fall into the category of suckers, be they bulls or bears.

But leverage is a good tool to make a boatload of money. Do you really think you can consistently win Monopoly by refusing to mortgage at an opportune time? I know that's a game, but how do you think Trump made much of his fortunes?

Tax avoidance??

[bones261]

You should be sympathetic to your fallen Bulls. Especially those that got a little too exuberant and went long at 100x on Bitmex at the wrong time. You should weep for your fallen Bulls.

Sorry, but I find it hard to be sympathetic to people who gamble with leverage. They fall into the category of suckers, be they bulls or bears.

But leverage is a good tool to make a boatload of money. Do you really think you can consistently win Monopoly by refusing to mortgage at an opportune time? I know that's a game, but how do you think Trump made much of his fortunes?

Tax avoidance??

No he took out leverage through bonds and loans and then filed bankruptcy. If you want to make a boatload of cash in a proof of debt system, you go into debt.
https://www.youtube.com/watch?v=9o0rAvZtM7w

Of course, cryptocurrency isn't a proof of debt system. So maybe you are all right, and leverage isn't the best thing to do in this space.

[savetherainforest]

You should be sympathetic to your fallen Bulls. Especially those that got a little too exuberant and went long at 100x on Bitmex at the wrong time. You should weep for your fallen Bulls.

Sorry, but I find it hard to be sympathetic to people who gamble with leverage. They fall into the category of suckers, be they bulls or bears.

But leverage is a good tool to make a boatload of money. Do you really think you can consistently win Monopoly by refusing to mortgage at an opportune time? I know that's a game, but how do you think Trump made much of his fortunes?

Tax avoidance??

No he took out leverage through bonds and loans and then filed bankruptcy. If you want to make a boatload of cash in a proof of debt system, you go into debt.
https://www.youtube.com/watch?v=9o0rAvZtM7w

So.. take loan then bail with the tools offered by that legal system of that per said country?? .. CooL!!!



Meanwhile in BTC troLaLaLand... :

[bones261]

So.. take loan then bail with the tools offered by that legal system of that per said country?? .. CooL!!!

Meanwhile in BTC troLaLaLand... :

Yep, that's they way you do it. Don't worry; the banks will make it up by loaning more of their proof of debt currency to poor sheeple who actually think they are morally obligated to pay their debts.



https://www.youtube.com/watch?v=lAD6Obi7Cag

[sirazimuth]

Not too keen. Norwegians aren't too popular in Thailand. We mainly treat that country like a sex shop, so it sounds like a tense existence.

I was under the impression that tourists of all nationalities treat Thailand as a sex shop.

Have you ever been to Thailand, or do you merely traffic in stereotypes?
I spent time in Thailand two years ago.  I visited Bangkok and took the train to Chiang Mai, among other things.
And I spent some time last year visiting friends in Stavanger, on the western coast of Norway.
When I read the kind of thing I see in this thread, it makes me wonder who is doing the talking, and why they're saying such things.  I'd bet 0.001 XBT that the guy who says he's Norwegian hasn't been to Thailand, and that you haven't been there either.

That's cool. What kinds of sex did you buy?

No, no it's free in Stavanger, so he didn't have to buy any of the sexes
http://forums.rxmuscle.com/showthread.php?30736-FREE-BROTHEL-opened-by-2-Norwegians-in-6-Norway-citys&s=b17f4d1367a3b762d6d2098d2a02d7ca
whereas in Bangkok only the look is free

mind you they make up for it with pricey beer...

I wonder if you get what you pay for.

Approximately 60 women and 30 men have already signed up to work as sex workers for free.

what?
all this Thailand sex talk business, and no jokes
about Bangcock or Phuket? 

[savetherainforest]

So.. take loan then bail with the tools offered by that legal system of that per said country?? .. CooL!!!

Meanwhile in BTC troLaLaLand... :

Yep, that's they way you do it. Don't worry; the banks will make it up by loaning more of their proof of debt currency to poor sheeple who actually think they are morally obligated to pay their debts.



https://www.youtube.com/watch?v=lAD6Obi7Cag

Tor browser said that video is illegal in my country.

[Elwar]

So.. take loan then bail with the tools offered by that legal system of that per said country?? .. CooL!!!

Meanwhile in BTC troLaLaLand... :

Yep, that's they way you do it. Don't worry; the banks will make it up by loaning more of their proof of debt currency to poor sheeple who actually think they are morally obligated to pay their debts.



https://www.youtube.com/watch?v=lAD6Obi7Cag

Tor browser said that video is illegal in my country.

"This video contains content from UMG, who has blocked it in your country on copyright grounds."

[RoomBot]

One night in Bankok makes a hard man humble!

http://www.metrolyrics.com/one-night-in-bangkok-lyrics-murray-head.html

[JayJuanGee]

correction in progress  

Yes. Correcting quite nicely.

It's starting to make last night's little dip look like a beartrap.

But I wanted to buy back a little bit of my BTC satoshis at around 5100.  

Another case of oversold.   

[JayJuanGee]

You should be sympathetic to your fallen Bulls. Especially those that got a little too exuberant and went long at 100x on Bitmex at the wrong time. You should weep for your fallen Bulls.

Sorry, but I find it hard to be sympathetic to people who gamble with leverage. They fall into the category of suckers, be they bulls or bears.

But leverage is a good tool to make a boatload of money. Do you really think you can consistently win Monopoly by refusing to mortgage at an opportune time? I know that's a game, but how do you think Trump made much of his fortunes?

Edit: To all the other respondents above, want to get together for some quick games of Monopoly? I will demonstrate the power of leverage.   You all never mortgage no matter what, and I will. After a few games, we will see who comes out winning the most.  

There are several of us who have boat loads of bitcoin and we never employed leverage to get them.  We either dollar cost average bought or bought on dips and maybe just sold small amounts as the price goes up to buy back, and with a key component of either hodling when the price is going down or buying.

[bones261]

Another case of oversold.  

How is selling .01 BTC at 53xx being oversold? Especially when the market rose like $500 USD the last time that I made a trade. I'm now employing the same system you are employing. Unfortunately, there hasn't been many dips lately to properly get the BTC back.

There are several of us who have boat loads of bitcoin and we never employed leverage to get them.  We either dollar cost average bought or bought on dips and maybe just sold small amounts as the price goes up to buy back, and with a key component of either hodling when the price is going down or buying.

You probably still don't have as much a Spoofy.   You really think Spoofy actually owns all that fiat and BTC to put up those walls on Bitfinex?

[LewisPirenne]

I hope the CoreCoin drop will be worth something. A slightly inferior coin with 1 miner controlling 80% of the hashing power doesn't sound too tasty.

Actually "CoreCoin" is worth around $4,800 now on Bitfinex, vs "SX2Coin" at $850.  The ratio is around 6:1 now, while the high was around 9:1, i.e. Core/SX2 cross rate low is at around 0.11, which is what BCH traded for most of its life before the current plunge. 

Since there is no EDA for SX2, it's hard to imagine mining pools want to mine SX2 at 85% to 90% loss if the above price relationship holds.  So we are probably going to see good percentage of miners to simply bail the SX2 chain soon after it goes live.  Similarly, why would Jihan support a segwit (x2) chain when he has BCH, which he can mine with less loss and possibly with profit via some EDA manipulation.  So it's more likely that as some suggested here, there is going to be a "Three Kingdom" type 3 way battle at first for the hashrate.  With ultimately the market price (and mining profitability) determines hashrate distribution. 

[Paashaas]

Vitalik is going to fork ETH again, i'll keep a close eye how that unfolds.

Will all software users upgrade to the updated blockchain? Or will a new, competing token be created?

ETH looks great op paper but it looks messy to me.

[Dabs]

Vitalik is going to fork ETH again, i'll keep a close eye how that unfolds.

Will all software users upgrade to the updated blockchain? Or will a new, competing token be created?

ETH looks great op paper but it looks messy to me.

I think this latest fork is sort of in consensus. It's not like the forced fork because of a DAO hack. I don't hold much ETH so I guess I'll wait and see. Maybe I'll buy some.

[Torque]

Jim Kramer comments on Bitcoin in 2014. Never forget, the establishment is against us.

https://www.youtube.com/watch?v=2kEySHOd4JU

[BlindMayorBitcorn]

I hope the CoreCoin drop will be worth something. A slightly inferior coin with 1 miner controlling 80% of the hashing power doesn't sound too tasty.

Actually "CoreCoin" is worth around $4,800 now on Bitfinex, vs "SX2Coin" at $850.  The ratio is around 6:1 now, while the high was around 9:1, i.e. Core/SX2 cross rate low is at around 0.11, which is what BCH traded for most of its life before the current plunge. 

Since there is no EDA for SX2, it's hard to imagine mining pools want to mine SX2 at 85% to 90% loss if the above price relationship holds.  So we are probably going to see good percentage of miners to simply bail the SX2 chain soon after it goes live.  Similarly, why would Jihan support a segwit (x2) chain when he has BCH, which he can mine with less loss and possibly with profit via some EDA manipulation.  So it's more likely that as some suggested here, there is going to be a "Three Kingdom" type 3 way battle at first for the hashrate.  With ultimately the market price (and mining profitability) determines hashrate distribution. 

So basically we're looking at a repeat of BCH. There will be a split, BTC will dump to make room for the new token/s, then the new token/s will slowly die, bleeding back into BTC. That the long and short of it?

[bones261]

So basically we're looking at a repeat of BCH. There will be a split, BTC will dump to make room for the new token/s, then the new token/s will slowly die, bleeding back into BTC. That the long and short of it?

Unfortunately, this fork, at its current state, is much more dangerous than BCH since the S2X devs have not enabled strong replay protection at this time. AFAIK, they briefly included some bullshit opt-out protection where people would have to include some dust transaction to a certain address; if they wanted the transaction to only be played on the BTC chain. (This would have effectively bloated the BTC chain)  However, I believe even that BS has been yanked. I hope Garzik does the right thing and implements strong opt-in protection. If not, this may be a mess. We could hope that no pool dare go through with it; just like they did with XT, Classic, and BU. However, S2X has a definite coordinated block number and an "agreement" with this fork. Therefore, many pools might be emboldened to take the plunge with this fork.

I'm hoping Slush implements an easy way to split my coins in my Trezor wallet. However, I think many casual users may end up losing coins. Some of these instructions on splitting your coins made by Bitmex make my eyes glaze over. https://blog.bitmex.com/segwit2x-b2x-hardfork-protect-potentially-profit-part-1-split-coins/

[jojo69]

fuck

off topic, I know...

but it's on in Kirkuk  

https://iraq.liveuamap.com/

[marcus_of_augustus]

In other news, knowingly infecting someone with hiv is no longer a felony in california.

That'll let Weinstein off on a few counts at least ...

what I find bemusing about the whole saga is all the breast-beating by the Hollywood femmes, yes those same starlets that have a long happy history of "sleeping their way to the top". They are actresses after all, we all know what their profession is, it is just the price that is in negotiation. Hollywood is the city of sex and ambition, they even make TV shows called "Californication" about the depths of their primitive, bed-hopping depravity and celebrate it with awards. Now, what about all those lovely girls of low moral standards that engaged with Harvey 'consensually', in a like-for-like transaction, are they then just shit actresses, or indeed the best actresses money can buy? Harvey got caught dipping his fingers in the product, like any good shopkeeper, sampling the merchandise is the only way to really know your trade, sex and depravity has become the main trade of Hollywood, so there ya go. And here's the kicker, Harvey's wife was supposedly "shocked, shocked!" to discover there was sex-for-ambition going on in this establishment ... take a look at her and Weinstein together, shocking indeed.

https://www.youtube.com/watch?v=SjbPi00k_ME