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

[Icygreen]

The amount of coins for sale on Stamp have been under 2000 for a couple days now and looking rather thin. Not sure if its like this on other exchanges. I'm kind of excited to see what happens when the market sells get ultra wafer thin although nervous at the same time.  Looks like 10k could be the magic moment.

[sirazimuth]

Badbitcoin.org has added Bitcoin.com to there list

Roger Ver owns Bitcoin.com...do not trust Roger Ver + (Jihan Wu, Craig Wright [fake Satoshi], Bcash CEO Rick Falkvinge and Bigblockers.) !



http://www.badbitcoin.org/thebadlist/

Pot, meet kettle!

Gonna have to elaborate on that, roomba.

Badbitcoin shilled paycoin for starters

one of the biggest crypto scams ever perpetrated

(excuse me for replying but I believe Roomba may have you on ignore)

[Punisher13142]

Tell me about BTX.  Can I still claim it?

You bet. Up until the start of this month it was claimable by signing a message and going through their site. Now you have to claim it with your private key. Sweeping into Coinomi is probably the easiest.

Register a BTX address on their site and you get airdrops that increase until they're all distributed. BTC addresses below a certain balance weren't credited and that's where the airdrops come from I presume.

Thanks for the info bro, I tried to redeem my BTX one day after they stopped their claiming tool from their official website lol, i will try from coinomi, i hope it can be done by signing a message, because i use a Trezor  

[Ibian]

Badbitcoin.org has added Bitcoin.com to there list

Roger Ver owns Bitcoin.com...do not trust Roger Ver + (Jihan Wu, Craig Wright [fake Satoshi], Bcash CEO Rick Falkvinge and Bigblockers.) !



http://www.badbitcoin.org/thebadlist/

Pot, meet kettle!

Gonna have to elaborate on that, roomba.

Badbitcoin shilled paycoin for starters

one of the biggest crypto scams ever perpetrated

(excuse me for replying but I believe Roomba may have you on ignore)

I see. I know nothing of alts in general or that issue in particular, so taking your word for it. And you are likely right on the last part, come to think of it.

[JayJuanGee]

I am really wondering then this bullish run is over.

Can't grow about 500-1000 USD / month forever ...

Though I would like it to keep going for some time

On the other hand: If 2018 is anything like 2017 there will be a couple of more millionairs on the horizon

There may be quite a few BTC HODLers who are trying to contemplate very important status definitions, such as how much over one million is required in order to be classified as a "multi-millionaire"?  

Is it 2 million or 3 million?  or is it some other number that would cause such "changed classification?"


 We have already had HODLers participating in this thread who have been contemplating very important life matters, such as what price would be needed to say "fuck you?"  

What profound questions we ask here in bitcoinlandia, and in this WO thread, in particular, to the extent that we are not distracted in this thread and in our contemplations by big blocker troll nut jobs and other "bitcoin NOT" wannabes.... hahahahaha  

[HairyMaclairy]

I am really wondering then this bullish run is over.

Can't grow about 500-1000 USD / month forever ...

Though I would like it to keep going for some time

On the other hand: If 2018 is anything like 2017 there will be a couple of more millionairs on the horizon

There may be quite a few BTC HODLers who are trying to contemplate very important status definitions, such as how much over one million is required in order to be classified as a "multi-millionaire"?  

Is it 2 million or 3 million?  or is it some other number that would cause such "changed classification?"


 We have already had HODLers participating in this thread who have been contemplating very important life matters, such as what price would be needed to say "fuck you?"  

What profound questions we ask here in bitcoinlandia, and in this WO thread, in particular, to the extent that we are not distracted in this thread and in our contemplations by big blocker troll nut jobs and other "bitcoin NOT" wannabes.... hahahahaha  

No need to say “fuck you” to those left behind.  “No thank you” works just as well.

[BTCMILLIONAIRE]

I am really wondering then this bullish run is over.

Can't grow about 500-1000 USD / month forever ...

Though I would like it to keep going for some time

On the other hand: If 2018 is anything like 2017 there will be a couple of more millionairs on the horizon

There may be quite a few BTC HODLers who are trying to contemplate very important status definitions, such as how much over one million is required in order to be classified as a "multi-millionaire"?  

Is it 2 million or 3 million?  or is it some other number that would cause such "changed classification?"


 We have already had HODLers participating in this thread who have been contemplating very important life matters, such as what price would be needed to say "fuck you?"  

What profound questions we ask here in bitcoinlandia, and in this WO thread, in particular, to the extent that we are not distracted in this thread and in our contemplations by big blocker troll nut jobs and other "bitcoin NOT" wannabes.... hahahahaha  

I've been contemplating how much longer it would take before I could sip any scotch without giving a damn about the price.

[arklan]

i was just reading a story about a bottle that went for 10,000 USD... per dram. 300k for the whole bottle.

course, turned out it was a fake, but that just means real ones exist.

[JimboToronto]

I see I just missed another ATH.. $8270 at Stamp.

Bouncy bouncy.

[JayJuanGee]

Coming soon...
New details have been posted about CME Group's upcoming bitcoin futures, which – barring any delays from regulators – will start trading on Dec. 11:
https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

I hope I'm wrong, but I have a really bad feeling about this one... I can't put my finger on it exactly.

They are trading something derived from bitcoin, not bitcoin itself. Which means it's fictional which means fractional reserve.

It might still have an impact on the real market though... Crypto is a massive clown fiesta after all.

CME would not not have any BTC reserve requirements at all?  They can facilitate the complete trading of BTC-related contracts without any kinds of BTC reserves, at all?

[BTCMILLIONAIRE]

The most expensive I've seen for purchase were all south of 100k. Read a few articles about >100k auctions, but there's no way for me to really confirm those anyways, so eh.

Wouldn't be surprised if there were ~300k bottles around though, given the rarity of some bottles and the ridiculous lumps of cash that some people have.

At least in ~10-20 years every Bitcoin will get me one of those.

[rolling]

BTG started trading on Bittrex a couple of hours ago and it is surging. Sure wish Coinmarketcap would get their shit together and add it to the first page. It is currently the number 5 coin by market cap.

[BTCMILLIONAIRE]

Coming soon...
New details have been posted about CME Group's upcoming bitcoin futures, which – barring any delays from regulators – will start trading on Dec. 11:
https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

I hope I'm wrong, but I have a really bad feeling about this one... I can't put my finger on it exactly.

They are trading something derived from bitcoin, not bitcoin itself. Which means it's fictional which means fractional reserve.

It might still have an impact on the real market though... Crypto is a massive clown fiesta after all.

CME would not not have any BTC reserve requirements at all?  They can facilitate the complete trading of BTC-related contracts without any kinds of BTC reserves, at all?

I actually haven't confirmed the details about the CME futures, because I don't have any interest in trading them. There probably will be some requirements though, the effects of which will depend on their volume.

[HairyMaclairy]

Coming soon...
New details have been posted about CME Group's upcoming bitcoin futures, which – barring any delays from regulators – will start trading on Dec. 11:
https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

I hope I'm wrong, but I have a really bad feeling about this one... I can't put my finger on it exactly.

They are trading something derived from bitcoin, not bitcoin itself. Which means it's fictional which means fractional reserve.

It might still have an impact on the real market though... Crypto is a massive clown fiesta after all.

CME would not not have any BTC reserve requirements at all?  They can facilitate the complete trading of BTC-related contracts without any kinds of BTC reserves, at all?

It is financially settled.  

It works something like this.  There is an index which shows the bitcoin price at 5pm on Day X.   Anna sells a 1 BTC future for Day X to Bob.  That means on Day X, Anna must pay an amount equal to the index price to Bob in US$ on Day X.  

If everyone thinks that the bitcoin price on Day X will be $10,000 then the price that Anna should charge Bob on the start date for the future should be $10,000 (less time cost of money but we can ignore that).   If the bitcoin price goes down further than expected, Anna wins and pays less to Bob.  If the bitcoin price goes up more than expected, Anna loses and has to pay more to Bob.  This all happens in US$, the only connection to bitcoin is the index price.

It is up to Anna to decide whether she wants to hedge her upside exposure by holding real bitcoin.  Or she can play bulllshit whale games with the price on crypto exchanges to game the futures market.  


As an added layer of complication, final settlement occurs on Day X, but every day at 5pm if the price goes up Anna pays Bob the difference, and if the price goes down Bob pays Anna.  That means market participants are somewhat protected from volatility because they are only exposed to a single day’s price swing at a time.

Where it gets really fucked is the CME will temporarily shut down bitcoin futures trading if the price swings more than 10% in a day to allow the market to cool down (called a trading halt). But the real world isn’t going to stop for the CME meaning market participants will have either have to hold bitcoin to hedge their positions or risk being dangerously exposed and unable to trade.  A 10% swing is nothing to crypto so CME is either going to have a lot of trading halts or some whales are going to try to tame bitcoin. Hard to say what will happen.  

I may not have it exactly right as I have written this in a hurrry and not read the CME rules (ie it might be a 20% swing for a trading halt) but the above principles should hold.

[Arriemoller]

So right this split second if you're on the right markets - Bitcoin + BCH + BTG + BTX = $10,200 ish.

Tell me about BTX.  Can I still claim it?

https://steemit.com/crypto-news/@xwerk/bitcore-btx-guide-the-2nd-snapshot-for-btc-hodlers-free-btx-or-how-it-works

[Ibian]

Coming soon...
New details have been posted about CME Group's upcoming bitcoin futures, which – barring any delays from regulators – will start trading on Dec. 11:
https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

I hope I'm wrong, but I have a really bad feeling about this one... I can't put my finger on it exactly.

They are trading something derived from bitcoin, not bitcoin itself. Which means it's fictional which means fractional reserve.

It might still have an impact on the real market though... Crypto is a massive clown fiesta after all.

CME would not not have any BTC reserve requirements at all?  They can facilitate the complete trading of BTC-related contracts without any kinds of BTC reserves, at all?

It is financially settled.  

It works something like this.  There is an index which shows the bitcoin price at 5pm on Day X.   Anna sells a 1 BTC future for Day X to Bob.  That means on Day X, Anna must pay an amount equal to the index price to Bob in US$ on Day X.  

If everyone thinks that the bitcoin price on Day X will be $10,000 then the price that Anna should charge Bob on the start date for the future should be $10,000 (less time cost of money but we can ignore that).   If the bitcoin price goes down further than expected, Anna wins and pays less to Bob.  If the bitcoin price goes up more than expected, Anna loses and has to pay more to Bob.  This all happens in US$, the only connection to bitcoin is the index price.

It is up to Anna to decide whether she wants to hedge her upside exposure by holding real bitcoin.  Or she can play bulllshit whale games with the price on crypto exchanges to game the futures market.  


As an added layer of complication, final settlement occurs on Day X, but every day at 5pm if the price goes up Anna pays Bob the difference, and if the price goes down Bob pays Anna.  That means market participants are somewhat protected from volatility because they are only exposed to a single day’s price swing at a time.

Where it gets really fucked is the CME will temporarily shut down bitcoin futures trading if the price swings more than 10% in a day to allow the market to cool down (called a trading halt). But the real world isn’t going to stop for the CME meaning market participants will have either have to hold bitcoin to hedge their positions or risk being dangerously exposed and unable to trade.  A 10% swing is nothing to crypto so CME is either going to have a lot of trading halts or some whales are going to try to tame bitcoin. Hard to say what will happen. 

So, fun times ahead?

[HairyMaclairy]

You won’t be bored

[JayJuanGee]

I am really wondering then this bullish run is over.

Can't grow about 500-1000 USD / month forever ...

Though I would like it to keep going for some time

On the other hand: If 2018 is anything like 2017 there will be a couple of more millionairs on the horizon

There may be quite a few BTC HODLers who are trying to contemplate very important status definitions, such as how much over one million is required in order to be classified as a "multi-millionaire"?  

Is it 2 million or 3 million?  or is it some other number that would cause such "changed classification?"


 We have already had HODLers participating in this thread who have been contemplating very important life matters, such as what price would be needed to say "fuck you?"  

What profound questions we ask here in bitcoinlandia, and in this WO thread, in particular, to the extent that we are not distracted in this thread and in our contemplations by big blocker troll nut jobs and other "bitcoin NOT" wannabes.... hahahahaha  

No need to say “fuck you” to those left behind.  “No thank you” works just as well.

I believe that we are referring to different things.

I was referring to the concept of "fuck you" money that causes someone to say that they do not need to work for so and so because they have enough of their own wealth (and/or cashflow) to make up for the loss of income that they would have from the "job."

I think that "those left behind" is a different concept, and I was not even referring to those folks who are likely going to be running after the train and buying into BTC at later and higher price points.  Certainly, those people (laggards?) are welcome, but they certainly have to find their own time and comfort level regarding when they are going to jump on the train, and some of them just do not realize that there is a train to jump on, too, so cannot really blame them for NOT knowing. 

So, yeah, our relationship with someone who has power over us and pays us is likely much different from people who are likely jumping on board the BTC train at a later stop.  I don't to say anything to the later group, except perhaps "welcome aboard" by the time they finally jump on, and perhaps it will be my duty, somewhat, to help them in their transition and to become acquainted to their new accommodations.

[gembitz]

I see I just missed another ATH.. $8270 at Stamp.

Bouncy bouncy.

dont sell 10K new floor :-D BTG golden fork is a curiosity <<

[Arriemoller]

Who is pumping BTX, and why?