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

[JayJuanGee]

Bubble, what bubble ?

https://hackernoon.com/with-greater-perspective-the-crypto-bubble-isnt-a-bubble-it-s-a-bc8de7b55f30

Did I miss it?

Is bitcoin a part of "crypto?"  

What is crypto?

 

Not new for you, but everyone, who jumps on this thread NEW, deserves the truth served again, no?
Anyway, who asked you ? Nobody asked you to watch here 24/7. Is this your thread ?
Calm down, and say: I´m not bitcoinforumgod, i´m not bitcoinforumgod.

Just a humble suggestion.



Damn, i knew it !

You´re an arrogant, selfcentered, but intelligent individual, so i´m awaiting a humble (which is a sign of intelligence) reply. Thank you.

My humble bumble reply will be:    


Furthermore, no matter what you say, pfrtlpfmpf, I still think that there are just too many instances out there in which there are "expert" articles and amorphous references to "crypto" or "blockchain" without even mentioning bitcoin.  

Accordingly, sometimes, we have to call bullshit on these folks who are spewing out "information" and proclaiming some kind of expertise in regards to crypto or blockchain while failing and refusing to put such discussions in the context of bitcoin... I mean the real bitcoin.. I mean the thing that so many of them seem to be sssssoooooooooooo   afraid to discuss.    

I hope that you are not one of THOSE conflating PEEPS, pfrtlpfmpf?    

[Rosewater Foundation]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

[JayJuanGee]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

Depends on what you want to say.

If you are describing down, then seems like pop could work, but we do not seem to be at pop levels, yet.


If you are describing up, then boom is pretty good.

I would like to see a boom, boom, boom, boom, but then if we get too many booms in a row, then we would become more susceptible to a pop, and many of us HODLers would not like that.   Even Jimbo might feel like selling a few if he were to see too many booms in a row... .hahahahahaha.. .just kidding... Jimbo is not selling for nuttin.   He is a true example of a HODLer, and your not getting any of his BTC, BCH, BTG, Segwit2x or any other future fork coins.  

[Icygreen]

Almost sounds like a car I used to have. Bbbbb.Pop...bbbbb Popop....bbb

[gembitz]

A late and slightly hungover good morning Bitcoinland.

I see we're still over $6k despite the profit-taking/correction following yesterday's ATH... currently $6075USD/$7804CAD (Bitcoinaverage).

AltCash slipped a bit as well at $451USD/$578CAD (Coinmarketcap).

It would be nice if $6k was the new bottom but I'm not counting on that quite yet. Getting over $8kCAD was fun yesterday though. It's another milestone. This time last year we were looking forward to just getting back to $1k.

What a difference a year makes. Go Bitcoin go.

bitcoin will be $10,000+ before 2018!!    gogogooo++

[Rosewater Foundation]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

Depends on what you want to say.

If you are describing down, then seems like pop could work, but we do not seem to be at pop levels, yet.


If you are describing up, then boom is pretty good.

I would like to see a boom, boom, boom, boom, but then if we get too many booms in a row, then we would become more susceptible to a pop, and many of us HODLers would not like that.   Even Jimbo might feel like selling a few if he were to see too many booms in a row... .hahahahahaha.. .just kidding... Jimbo is not selling for nuttin.   He is a true example of a HODLer, and your not getting any of his BTC, BCH, BTG, Segwit2x or any other future fork coins.  

Then boom. Almost certainly boom.

[gembitz]

Pop! Is that right?
No. Wait. Boom! It's boom, isn't it? I'm sorry, I'm obviously new here. Don't have the lingo down yet.

It is boom tho. I think. Isn't it?

Depends on what you want to say.

If you are describing down, then seems like pop could work, but we do not seem to be at pop levels, yet.


If you are describing up, then boom is pretty good.

I would like to see a boom, boom, boom, boom, but then if we get too many booms in a row, then we would become more susceptible to a pop, and many of us HODLers would not like that.   Even Jimbo might feel like selling a few if he were to see too many booms in a row... .hahahahahaha.. .just kidding... Jimbo is not selling for nuttin.   He is a true example of a HODLer, and your not getting any of his BTC, BCH, BTG, Segwit2x or any other future fork coins.  

Then boom. Almost certainly boom.

offtopic #crypto #boomin ===> https://poloniex.com/exchange#btc_emc2

[yefi]

The person did in on Bitmex. If he had 100x leverage, he only lost USD $480K. If he did 25X leverage, he only lost 1.92 Million. Still, a lot of money. Judging from the amount of the rise yesterday, he probably had it on at least 15x leverage, which would be 3.2 million.

I could be wrong though. He could have had lower leverage and has had the short open for quite sometime, and lost more money. If that were the case though, he should have cut his loses long ago.

I don't trade on Bitmex, but looking at their margin requirements, you can't do 100x on such a large position. At ~7800BTC, your margin would need to be around 38% judging by their formulas: https://www.bitmex.com/app/riskLimits

Also, you sure it's Bitmex? I'm pretty sure it's OKEX, as their contracts are $100 per.

[bones261]

The person did in on Bitmex. If he had 100x leverage, he only lost USD $480K. If he did 25X leverage, he only lost 1.92 Million. Still, a lot of money. Judging from the amount of the rise yesterday, he probably had it on at least 15x leverage, which would be 3.2 million.

I could be wrong though. He could have had lower leverage and has had the short open for quite sometime, and lost more money. If that were the case though, he should have cut his loses long ago.

I don't trade on Bitmex, but looking at their margin requirements, you can't do 100x on such a large position. At ~7800BTC, your margin would need to be around 38% judging by their formulas: https://www.bitmex.com/app/riskLimits

Also, you sure it's Bitmex? I'm pretty sure it's OKEX, as their contracts are $100 per.

You're right. It was OKEX according to this tweet. https://twitter.com/whalecalls/status/924886664123768832 Person may have been at 20X or 10x according to a reply to the tweet and lost 2.4 or 4.8 million.

[JayJuanGee]

Naw, seriously tho. Has anyone considered moving their entire stash onto an exchange pre-fork? I know it's drastic...

Depends on how many coins you got and which exchanges you are talking about.

You act as if guys (and girl) here have 10s or 100s of coins, and there may be quite a few here that have fewer than 5 coins...   Anyhow, maybe you can clarify what you are thinking, in terms of "entire."

Currently, I am thinking that I am not going to change my behavior too much.  I have about 20% of my coins distributed over 4 exchanges (that is 5% each.. and I don't know whether I want to be bothered to reallocate my risk any more than I already have).  I might change my mind if some exchanges make fork treatment clarifications that I consider to be unacceptable to my current level of risk and distribution of risk.

[bones261]

Naw, seriously tho. Has anyone considered moving their entire stash onto an exchange pre-fork? I know it's drastic...

Depends on how many coins you got and which exchanges you are talking about.

You act as if guys (and girl) here have 10s or 100s of coins, and there may be quite a few here that have fewer than 5 coins...   Anyhow, maybe you can clarify what you are thinking, in terms of "entire."

Currently, I am thinking that I am not going to change my behavior too much.  I have about 20% of my coins distributed over 4 exchanges (that is 5% each.. and I don't know whether I want to be bothered to reallocate my risk any more than I already have).  I might change my mind if some exchanges make fork treatment clarifications that I consider to be unacceptable to my current level of risk and distribution of risk.

I for one am of the minnow variety. I considered moving my entire stash to an exchange. However, I've decided to keep most of my small stash in my Trezor for the fork. I know that splinting the coins might be a pain, if it appears both chains are viable. However, I'm hoping Slush and his team will make splitting easy. If not, I am sure there will be plenty of comprehensive guides that I can follow.

[Paashaas]

^Just wait untill youre Trezor gives you the option to move the shitcoins just like they did with Bcash.

Ohh, Bcash is going to HF around 13 Nov...they're going to 'fix' the manipulation with more manipulation... law.

[bones261]

^Just wait untill youre Trezor gives you the option to move the shitcoins just like they did with Bcash.

Ohh, Bcash is going to HF around 13 Nov...they're going to 'fix' the manipulation with more manipulation... law.

Slush will probably do the right thing. However, he's not exactly thrilled over S2X fork.  Trezor might be hung up on implementing a coin splitting solution due to no replay protection. Trezor refuses to implement a BTG split until they see the code has strong replay protection.

[jojo69]

when it gets real boring like this I advocate drunk trading

[bones261]

when it gets real boring like this I advocate drunk trading

I don't drink. However, as a Colorado resident, I have ready access to another substance. Do you think that will be an adequate substitute?

[bones261]

Naw, seriously tho. Has anyone considered moving their entire stash onto an exchange pre-fork? I know it's drastic...

Depends on how many coins you got and which exchanges you are talking about.

You act as if guys (and girl) here have 10s or 100s of coins, and there may be quite a few here that have fewer than 5 coins...   Anyhow, maybe you can clarify what you are thinking, in terms of "entire."

Currently, I am thinking that I am not going to change my behavior too much.  I have about 20% of my coins distributed over 4 exchanges (that is 5% each.. and I don't know whether I want to be bothered to reallocate my risk any more than I already have).  I might change my mind if some exchanges make fork treatment clarifications that I consider to be unacceptable to my current level of risk and distribution of risk.

I for one am of the minnow variety. I considered moving my entire stash to an exchange. However, I've decided to keep most of my small stash in my Trezor for the fork. I know that splinting the coins might be a pain, if it appears both chains are viable. However, I'm hoping Slush and his team will make splitting easy. If not, I am sure there will be plenty of comprehensive guides that I can follow.

You mean the Trezor online wallet? Or are you using the device to secure electrum for example?

I mostly use the online interface. However, I have also interfaced it with Electrum. What issue do you have when I state the coins are in my Trezor? Should I have worded it to say that I am keeping my coins in addresses/public keys whose corresponding private keys are stored in my Trezor?  

[pfrtlpfmpf]

Naw, seriously tho. Has anyone considered moving their entire stash onto an exchange pre-fork? I know it's drastic...

I did that with BCH. On Poloniex. They fkd me royally. They put me in lending, without my consent, at the right moment, so somebody else got my BCH. And i´m talking 100 Bitcoins.
My history shows, among, that i lended out exactly 50.00000 Bitcoin to somebody. Never do you lend a round number like this !


Poloniex = Thieves. No joke !


I lost so much that day, it hurts.  POLONIEX are THIEVES ! ! !
If somebody says "Poloniex", run the other way !


No joke, this.
                                     P O L O N I E X   are   T H I E V E S

Your own wallet is the only place to be !

[JayJuanGee]

Naw, seriously tho. Has anyone considered moving their entire stash onto an exchange pre-fork? I know it's drastic...

Depends on how many coins you got and which exchanges you are talking about.

You act as if guys (and girl) here have 10s or 100s of coins, and there may be quite a few here that have fewer than 5 coins...   Anyhow, maybe you can clarify what you are thinking, in terms of "entire."

Currently, I am thinking that I am not going to change my behavior too much.  I have about 20% of my coins distributed over 4 exchanges (that is 5% each.. and I don't know whether I want to be bothered to reallocate my risk any more than I already have).  I might change my mind if some exchanges make fork treatment clarifications that I consider to be unacceptable to my current level of risk and distribution of risk.

I for one am of the minnow variety. I considered moving my entire stash to an exchange. However, I've decided to keep most of my small stash in my Trezor for the fork. I know that splinting the coins might be a pain, if it appears both chains are viable. However, I'm hoping Slush and his team will make splitting easy. If not, I am sure there will be plenty of comprehensive guides that I can follow.

Sometimes the news and the incentives of the bitcoin world are so contradictory and confusing.

As you may recall, prior to the Bcash fork there was a considerable exodus from exchanges for a few reasons, including the fact that several exchanges were either silent or ambiguous, or asserting that they would likely not support the Bcash side of the fork...

Sure, some of the same happens to be going on in this communication of a fork - however, there seems to be a lot of folks who are wondering if replay protection is going to be provided, and we already know that if your coins are on exchanges, then the exchange will have the power to grant you Segwit2x coins, even if replay protection has not been clarified.

Hardware wallets are saying that they will support the split, once replay protection is assured, which could take longer to get such assurances, so there could be some additional incentive to keep some coins on exchanges in order to get access to them faster without the risk of no replay protection or ambiguous replay protections.

[lightfoot]

when it gets real boring like this I advocate drunk trading

Boring....

$6200 Bitcoin.

Boring.

Ok.

[JayJuanGee]

Naw, seriously tho. Has anyone considered moving their entire stash onto an exchange pre-fork? I know it's drastic...

Depends on how many coins you got and which exchanges you are talking about.

You act as if guys (and girl) here have 10s or 100s of coins, and there may be quite a few here that have fewer than 5 coins...   Anyhow, maybe you can clarify what you are thinking, in terms of "entire."

Currently, I am thinking that I am not going to change my behavior too much.  I have about 20% of my coins distributed over 4 exchanges (that is 5% each.. and I don't know whether I want to be bothered to reallocate my risk any more than I already have).  I might change my mind if some exchanges make fork treatment clarifications that I consider to be unacceptable to my current level of risk and distribution of risk.

I for one am of the minnow variety. I considered moving my entire stash to an exchange. However, I've decided to keep most of my small stash in my Trezor for the fork. I know that splinting the coins might be a pain, if it appears both chains are viable. However, I'm hoping Slush and his team will make splitting easy. If not, I am sure there will be plenty of comprehensive guides that I can follow.

You mean the Trezor online wallet? Or are you using the device to secure electrum for example?

I am not sure if I understand what you are saying.  


Electrum is an online wallet, and Trezor is not an online wallet (even though it has an online interface).


I do understand that if you store you private keys in both locations (electrum and trezor), then you lose the off-line protection of the trezor because your coins can be accessed through electrum (more than one place).

Are we saying the same thing?