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

[Phil_S]

Swag rag that hocks Rolex on the front page. Brits are such sophisticates.

It used to be worse!

https://twitter.com/DigiVictorian/status/934545731599372295

[mymenace]

Looks like doge wants to break out.

I would invest in "TrollCoin" ...

It would be the best investment of my life.


*edit(0):  damn... I didn't knew it already existed. Nvm... I don't know anything about it.

http://trollcoinbase.com/

[BitcoinBunny]

Well I don't care how it looks, if BTC hits 100.000 I'm buying a Rolex Submariner as a little HODL reward.
This one's already less than 1 BTC anyway.

[HairyMaclairy]

Only 920 days to the halvening

[gembitz]

siacoin dubai pizza deal + smaller bitcoin blocks!! :-D amazing @ 100 satoshi!!! ===>

https://poloniex.com/exchange#btc_sc

[savetherainforest]

Looks like doge wants to break out.

I would invest in "TrollCoin" ...

It would be the best investment of my life.


*edit(0):  damn... I didn't knew it already existed. Nvm... I don't know anything about it.

http://trollcoinbase.com/

Feels bullish. But does not give me too much confidence.

[Phil_S]

Well I don't care how it looks, if BTC hits 100.000 I'm buying a Rolex Submariner as a little HODL reward.
This one's already less than 1 BTC anyway.

[BitcoinBunny]

Well I don't care how it looks, if BTC hits 100.000 I'm buying a Rolex Submariner as a little HODL reward.
This one's already less than 1 BTC anyway.

Could always wait and see if I can get a free bought by Proudhon Rolex. 

[Torque]

Could always wait and see if I can get a free bought by Proudhon Rolex.  

Here's the Proudhon Rolex:


And here's the CSW BCash knockoff:

[BitcoinBunny]

And here's the CSW BCash knockoff:

Too bad I dumped all my BCash, it looks so real just like BCash is JUST like Bitcoin. 


I can't buy the limited edition Bitmain S9 Rolex either:

[Torque]

Good lord, you know it's getting bad for the establishment when they trot out Jim Rickards to defend precious metals and slam Bitcoin:

http://www.businessinsider.com/economist-jim-rickards-bitcoin-versus-gold-price-manipulation-2017-12

Btw, it's now widely believed the Jim Rickards is secretly working for the establishment. Like a paid double agent constantly shilling for Gold, which he and the CFTC knows full well that Gold will never go anywhere pricewise as long as they have their thumb on it with billions in naked short paper contracts...

[BitcoinBunny]

Good lord, you know it's getting bad for the establishment when they trot out Jim Rickards to defend precious metals and slam Bitcoin:

http://www.businessinsider.com/economist-jim-rickards-bitcoin-versus-gold-price-manipulation-2017-12

Btw, it's now widely believed the Jim Rickards is secretly working for the establishment. Like a paid double agent constantly shilling for Gold, which he and the CFTC knows full well Gold will never go anywhere as long as they have their thumb on it with billions in naked short paper contracts...

Gold seems like a load of BS to me. Never been interested in it beyond owning a few bits of jewellery.
I've had several people brag to me how it will be 100% guaranteed to be the standard and replace the dollar etc for years. Good luck trying to pay your bus fare with a piece of gold.

If one of the leading online gold storage companies struggles to attract more than 25K customers and doesn't hold more than $2-5 billion of gold after 10 years in the business it pretty much says enough to me.

In the age of computers "money" that can be created and exchange hands safely online / via networks BTC to me makes far more sense than a piece of gold.

[Torque]

In the age of computers "money" that can be created and exchange hands safely online / via networks BTC to me makes far more sense than a piece of gold.

Oh I agree. Bitcoin is better and easier in every way than physical gold.

Gold as insurance and a fairly stable store of value can work as well, but the establishment has made sure to first de-monetize it and then crush it to the point of near extraction/refinement cost. That was their plan all along. People, esp younger generations, just aren't interested in owning precious metals anymore. And I can't say that I blame them.

[d_eddie]

You can sell naked calls without the underlying asset with enough collateral / capital.

Naked calls on bitcoin?  Define “enough collateral”.  

20% of the nominal value?
The way I understand the rules, there's a daily +/- 20% hard limit before trading stops, and the positions are regulated daily.

As I understand it, the 20% limit only applies to the daily market. Not sure what happens in the overnight market. 

I thought CME was only planning daytime trading for the time being. I might be wrong, though. Honestly, I haven't read the documentation with great care.

[Torque]

I thought CME was only planning daytime trading for the time being. I might be wrong, though. Honestly, I haven't read the documentation with great care.

I believe you're right. Should be Mon.-Fri., normal U.S. stock trading hours (9:30am-4p EST).

[Wekkel]

In the age of computers "money" that can be created and exchange hands safely online / via networks BTC to me makes far more sense than a piece of gold.

Oh I agree. Bitcoin is better and easier in every way than physical gold.

Gold as insurance and a fairly stable store of value can work as well, but the establishment has made sure to first de-monetize it and then crush it to the point of near extraction/refinement cost. That was their plan all along. People, esp younger generations, just aren't interested in owning precious metals anymore. And I can't say that I blame them.

Gold will only catch on with the broader public if inflation roars its ugly head. And (official) inflation was rather absent the last few years despite the enormous quantities of credit pumped into the economy.

So Gold is by all means dead. I wait for the moment that the UK or other developed country dumps Gold as a sign for the absolute bottom. But the run up afterwards will never be so spectacular as Bitcoin. Perhaps in Gold mining stocks but that is not my thing (a lottery in those heavily manipulated markets).

I’ll stay Digital.

[Cassius]

I thought CME was only planning daytime trading for the time being. I might be wrong, though. Honestly, I haven't read the documentation with great care.

I believe you're right. Should be Mon.-Fri., normal U.S. stock trading hours (9:30am-4p EST).

That's right. Never quite made sense to me. Or the circuit breakers. I can't imagine the number of n00b Wall Street traders waking up and finding their contracts have got rekt.

But I'm going to work on that.

[Ibian]

Caught a headline in a british airport today. Something something cracking down on bitcoin criminals, didn't pay much attention. Also,

I thought CME was only planning daytime trading for the time being. I might be wrong, though. Honestly, I haven't read the documentation with great care.

I believe you're right. Should be Mon.-Fri., normal U.S. stock trading hours (9:30am-4p EST).

Limited hours for only part of the week is so fucking dumb it's almost hilarious.

[RayX12]

I thought CME was only planning daytime trading for the time being. I might be wrong, though. Honestly, I haven't read the documentation with great care.

I believe you're right. Should be Mon.-Fri., normal U.S. stock trading hours (9:30am-4p EST).

That's right. Never quite made sense to me. Or the circuit breakers. I can't imagine the number of n00b Wall Street traders waking up and finding their contracts have got rekt.

But I'm going to work on that.

Makes me sick to my stomach to how all of this trading money will not actually flow into bitcoin but rather in the pockets of CME manipulators.
Fuck CME and futures contracts.

[Torque]

Makes me sick to my stomach to how all of this trading money will not actually flow into bitcoin but rather in the pockets of CME manipulators.
Fuck CME and futures contracts.

Well, there might be a silver lining. Futures trading heavily weighted to the buy side. So support for the underlying will likely steadily flow in to BTC. Not all of that will leave, creating buying pressure over time.