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

[sirazimuth]

5 consecutive days with an ATH.

 

It will crash.

Is not good to buy now.

it wasn't good to buy at $230 either.... so I heard back then.... (and I didn't..stupid phukking me!)

[Last of the V8s]

[Meuh6879]

And network of Nodes are ready to slam the forks ... like usual.

[JayJuanGee]

[edited out]

"Solvency" sounds funny when their banking relations are top secret (if they still have any), and they rely on that tether thing with funny clauses sounding as the opposite of solvency.

I will agree with you that the contractual clause of "no guarantee" for backing seems kind of funny, but it seems that they are doing this in the crypto world to protect themselves, and maybe that is why they kicked out the Americans because those kind of clauses are too wild, wild west in terms of actual legal financial responsibility under any kind of meaningful traditional financial system.

I recommend a couple of articles on medium by @bitfinexed.

Yeah, if I want to waste my time in conspiracies.

For me, they actually scammed me when they "got hacked" and monetized the theft (!) after falsely assuring their clients that their wallets were in cold storage (!), so I am out of there since then,

You can come up with better arguments than that, no?    O..k. sure there were some questions about whether they really got hacked and then there were questions regarding how they reimbursed.. fine..   but there is no real evidence regarding who took the coins, yet, right?

but since apparently it's full of people looking to be goxxed twice or more by the same entity they're going on.

I understand what you are saying and surely gox played out differently yet this does not seem to be rising to the level of GOX, in terms of GOX had been refusing to send money to folks for months and months.. so seems a bit different.

And given such questionable reputation the fact that they are now the biggest exchange smells to me like some kind of fakery.

Perhaps there could be some fake trade volume, because they did go back to their previous trade volumes and they added products too and they "paid back" their BFX coins... so people forget, that is correct.  Bitcoin (and crypto) is an expanding industry of user base and even if they lose some of their old clients, if they can seem legit, they seem to be getting plenty of coin (that is actual coin).

BTW it takes no balls at all to kick out US customers. Quite the contrary.

Sure it cuts both ways to lose the money that was deposited - but to be free of USA governmental overreach... but I think that kicking out the USA capital supports a degree of legitimacy more than it supports scam.... but it is not a big deal if our opinions differ about this part.

[sirazimuth]

nailed it my friend!...lol

[Last of the V8s]

Cøbra muddying the waters with pow algo change...
https://medium.com/@CobraBitcoin/there-may-be-3-chains-in-novemeber-true-bitcoiners-will-never-surrender-238373f08035

[JayJuanGee]

Come on BEARS!! Short this shit to the ground! We need more short squeezes!

Sorry about your loss, bones261.  You sold too many, again...    

Maybe sooner or later, you are going to learn the value of HODL!!!!!!!!

[bones261]

Come on BEARS!! Short this shit to the ground! We need more short squeezes!

Sorry about your loss, bones261.  You sold too many, again...    

Maybe sooner or later, you are going to learn the value of HODL!!!!!!!!

You should always read the fine print.  

Code:

[size=2pt]We need more short squeezes![/size]

[Last of the V8s]

nailed it my friend!...lol

thx, apposite, but credit is to the master @AnalyzerX7

[sirazimuth]

Come on BEARS!! Short this shit to the ground! We need more short squeezes!

Sorry about your loss, bones261.  You sold too many, again...    

Maybe sooner or later, you are going to learn the value of HODL!!!!!!!!

i have to agree 100% with this  JJG, because its all I know how to do.....

[arklan]

any advice where i could get a couple powered hubs at a decent price? amazon and best buy didn't really have anything i trusted for anything i could afford.

 good lord! with btc at this price?
sell  a couple of millibits..you can afford it!

i ...only have some dust. 0.00005242 on my local wallet and about the same on stamp.

oh sorry mate...
I saw legendary and assumed...

no worries, it happens. yea, i was having long term unemployment back in the day, so what little i mined ended up spent pretty quickly, much to the sorrow of my wallet.

[JayJuanGee]

Come on BEARS!! Short this shit to the ground! We need more short squeezes!

Sorry about your loss, bones261.  You sold too many, again...    

Maybe sooner or later, you are going to learn the value of HODL!!!!!!!!

You should always read the fine print.  

Code:

[size=2pt]We need more short squeezes![/size]

touché

So, you are saying that you did not sell too many, this time?   

[windjc]

Cøbra muddying the waters with pow algo change...
https://medium.com/@CobraBitcoin/there-may-be-3-chains-in-novemeber-true-bitcoiners-will-never-surrender-238373f08035

Silly. Writing something like this smells of doubt and weakness.  Someone like to explain to me how a chain valued at $7500 will be sold off enough to be worth less than a chain that futures price at around $1000?  And how much buying power will it take to make the $1000 chain worth more than the $7500 chain?

Can you imagine the total mass confusion of these price changes - that would have to happen over several days - and what that would do the perception of bitcoin in the general public?

And miners are going to lose millions of dollars of profit in the meantime without a care?  And businesses are going to have total chaos on their hands without a worry in the world?

This is not going to happen. The miners and businesses have WAY too much to lose to do this.

[European Central Bank]

no worries, it happens. yea, i was having long term unemployment back in the day, so what little i mined ended up spent pretty quickly, much to the sorrow of my wallet.

why aren't you doing a sig campaign? you'd get a whole bitcoin within a few months, though i don't know how much longer that's gonna be possible.

[bones261]

touché

So, you are saying that you did not sell too many, this time?    

I ran out of BTC on GDAX 2 days ago at 7147. It would be nice to buy back .01 BTC for 68XX. However, the majority of my holdings are parked in my Trezor. So the benefit of being able to buy back less than 1% of my portfolio for a few bucks cheaper would pale in comparison to the larger loss in value to my overall portfolio. Besides, I just got a new computer with a GTX 1070. I'll be able to increase my portfolio little by little mining shitcoins.   Maybe mine BTG, when it gets released.

I was thinking of moving a little bit more BTC to Gdax, but I'm too busy playing with my new computer to be bothered making micro trades on Gdax.

[arklan]

no worries, it happens. yea, i was having long term unemployment back in the day, so what little i mined ended up spent pretty quickly, much to the sorrow of my wallet.

why aren't you doing a sig campaign? you'd get a whole bitcoin within a few months, though i don't know how much longer that's gonna be possible.

real life keeps my activity low. only reason i'm active right now is i'm sick with a cold.

[JayJuanGee]

Come on BEARS!! Short this shit to the ground! We need more short squeezes!

Sorry about your loss, bones261.  You sold too many, again...    

Maybe sooner or later, you are going to learn the value of HODL!!!!!!!!

i have to agree 100% with this  JJG, because its all I know how to do.....

I am exaggerating a bit too because the fact of the matter is that in the past two years, I have not been HODLing, but I have also come to be more and more comfortable with my BTC sell allocation - even if it adds up to a very large stack of fiat in my coffers...

I think that my point remains that it is much safer to HODL, in the event that you cannot really temper the amount of BTC that you sell and that you cannot live with having a bunch of fiat in reserves that may or may not be possible to buy BTC back in at anywhere near the price that you sold the BTC to accumulate the fiat (stinky fiat, as some folks have been calling it). 

With our latest seemingly non-stopping levels of ATHs (5 days in a row, ish)- and without any kind of meaningful price corrections (10% or more could be a kind of correction? - we did get a flash crash from $7350 to $6700 - which almost could have counted, perhaps), I am actually getting to one of my highest ever BTC/dollar allocation levels, and that is 89% BTC /11% dollars. 

I am o.k with my higher level of dollar allocation even though there could be another irrationally exuberant 1.7x to 2.5x rise in BTC prices  from here (and that would be up to $13k-ish a bit more likely or $19k-ish.. a bit less likely), and I have done some tentative BTC/cash portfolio projections that seem to appear that my level of BTC sales is kind of stabilizing.. so whether that is a problem or not,  if we go to $13k, and then about a 50% or more-ish drop back down to $6k, I wonder if I would feel as if I had sold enough BTC at that particular $13k-ish "top" in order to feel comfort during my BTC buying back?   

A bit of an ongoing personal dilemma for me that I am hoping will just resolve itself without too much stress to me, and perhaps I will "know it when I see it"... but perhaps, not?

[sirazimuth]

any advice where i could get a couple powered hubs at a decent price? amazon and best buy didn't really have anything i trusted for anything i could afford.

 good lord! with btc at this price?
sell  a couple of millibits..you can afford it!

i ...only have some dust. 0.00005242 on my local wallet and about the same on stamp.

oh sorry mate...
I saw legendary and assumed...

no worries, it happens. yea, i was having long term unemployment back in the day, so what little i mined ended up spent pretty quickly, much to the sorrow of my wallet.

legendary to legendary.  dont spend all in one place! you're welcome my friend! .  
(check that wallet btw)

[arklan]

any advice where i could get a couple powered hubs at a decent price? amazon and best buy didn't really have anything i trusted for anything i could afford.

 good lord! with btc at this price?
sell  a couple of millibits..you can afford it!

i ...only have some dust. 0.00005242 on my local wallet and about the same on stamp.

oh sorry mate...
I saw legendary and assumed...

no worries, it happens. yea, i was having long term unemployment back in the day, so what little i mined ended up spent pretty quickly, much to the sorrow of my wallet.

legendary to legendary.  dont spend all in one place! you're welcome my friend! .  
(check that wallet btw)

wait... did... you... *checks address in profile* ...you did. oh crap where the heck does that GO? *frantic searching*

it's definitely actually one of mine... but where does it point!? it's not my desktop's wallet. ARGH.

[arklan]

looks like i must have used it for a sig campaign or something... but i don't remember. probably the wallet on my phone... which i don't have anymore. or... oh DAMMIT. i think it's gone for good.

hm... thanks for the gesture though.

FOUND IT! my virwox account. thanks!