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

[vroom]

do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?

[d_eddie]

This is nonsense for a very simple reason. If there is gold price increase there wr

Agree. The only valid use case I can think of would be a whale protecting their position at the top of the market when they know they have a large fiat expense coming up (eg tax) and they don't want to cash out yet. The problem is they can't use BTC to underwrite the trade (it has to be Fiat) so it's useless even for simple hedging.

Tone's recent interview with Ugly Goat explains the whole scenario well:

https://www.youtube.com/watch?v=gXUEfZY4zRk

CBOE rules allow the futures to be linked to trades of underlying positions held on Gemini, called an “Exchange of Contract for Underlying Position”.  So you can trade BTC on Gemini for BTC futures on CBOE.  And you can sell your future for real bitcoin.  


Thank

Does Gemini allow margin trading (shorts)?
In other words, can the underlying position on Gemini be short too, or can it only be long?

[milkshock100]

moon shot incoming

the dips are so weak these days.......

sigh......

[somac.]

Look like everything is on hold until traders realize that the futures market has no effect on price.  Maybe some time later when leveraging is increased from 2.2X to 100X there could be incentive to manipulate the markets.  For now I think the accumulation will continue.  25K, 50K soon..

There's no incentive for "manipulators" to manipulate the price down. They can profit taking a long position equally, it doesn't mater for them whether it goes up or down. Them buying a lot of coins so they could dump them makes no sense, they could buy a lot of coins while having a leveraged long position at the same time, which sounds even better, no?

Exactly!

People are looking at this the wrong way, profit is on the upside not the down. When you short the market the most that the market can down is 100%, But, when you go long the most it can go up is an infinite percent.

Pretty obvious where the manipulation would be. hmm, should I short and maybe get 100% profit or should I go long for >1000000%? Easy decision.

Disclaimer, this excludes any leverage of course.

[ragnar0k]

Does Gemini allow margin trading (shorts)?
In other words, can the underlying position on Gemini be short too, or can it only be long?

Only long afaik, short will be available on the CBOE exchange
For shorts I usually go on etoro but has stupid fees

[milkshock100]

honey badger looking for a snack

[BTCMILLIONAIRE]

do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?

No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though.

[Lopumbo]

that GDAX fomo buying with a 5% premium just irritates me

bitcoin.de: 12100€, kraken: 12400€, gdax: 13200€

[vroom]

do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?

No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though.

I also read about competitors and forgot the names. One said they have a running product which is better then the s9 and a core dev somehow proved it. but I can't find it anymore...

CCMF?

[BTCMILLIONAIRE]

do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?

No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though.

I also read about competitors and forgot the names. One said they have a running product which is better then the s9 and a core dev somehow proved it. but I can't find it anymore...

CCMF?

I just found it again. The Chinese one is called DragonMint and ships in April: https://halongmining.com/shop/dragonmint-16t/

The Japanese company is called GMO. I would personally wait for the Japanese ones just to make sure that DragonMint isn't somehow related to Jihan Wu (who could be anticipating a decline in Bitmain's sale due to his BCash garbage and attack on Bitcoin). In the meantime there are going to be enough profits to be made with altcoins and Bitcoin itself. I wouldn't even get miners for making money, but just to support the network and improve decentralization.

[gentlemand]

I just found it again. The Chinese one is called DragonMint and ships in April: https://halongmining.com/shop/dragonmint-16t/

The Japanese company is called GMO. I would personally wait for the Japanese ones just to make sure that DragonMint isn't somehow related to Jihan Wu (who could be anticipating a decline in Bitmain's sale due to his BCash garbage and attack on Bitcoin). In the meantime there are going to be enough profits to be made with altcoins and Bitcoin itself. I wouldn't even get miners for making money, but just to support the network and improve decentralization.

No one should base any plans around waiting for these to happen. One is one prototype. The other is a lovely idea.

Bitmain is Bitmain because they actually churn their shit out.

[milkshock100]

Ath incoming

[Ibian]

Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.

[Paashaas]

I wonder how many people sold at the bottom this weekend.

[Ibian]

Welp, taking a vacation from cash trading since kraken is unusable. Withdrew all assets. Damn shame for everyone involved, but there we are.

I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.

Sheeeeeeit.

I'm just not gonna use any exchange until things are running smoothly again. Would not be the least bit surprised over theft and locked accounts and other shit like that.

[lightfoot]

do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?

No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though.

This is how crazy mining is: People are asking for advice and sending in parts to get Neptunes working. Yes, KNC Neptunes.....

C

[lightfoot]

Meantime, looks like things are back to normal, where normal seems to mean 15k. That's ok but it would be nice if bitcoin did something.... :-)

[vroom]

do you guys know when the next antminer s9 will be available? the current stock is sold out and I can't find any dates. or do you know something about current or upcoming s9 alternatives?

No idea, but given who is selling them I'd wait for competition to come out. There was one company that was just about ready (forgot the name) from China and one that is currently in the research phase in Japan. I'd go with GPU mining some other coin until it's possible to avoid Bitmain though.

I also read about competitors and forgot the names. One said they have a running product which is better then the s9 and a core dev somehow proved it. but I can't find it anymore...

CCMF?

I just found it again. The Chinese one is called DragonMint and ships in April: https://halongmining.com/shop/dragonmint-16t/

The Japanese company is called GMO. I would personally wait for the Japanese ones just to make sure that DragonMint isn't somehow related to Jihan Wu (who could be anticipating a decline in Bitmain's sale due to his BCash garbage and attack on Bitcoin). In the meantime there are going to be enough profits to be made with altcoins and Bitcoin itself. I wouldn't even get miners for making money, but just to support the network and improve decentralization.

thanks. I really hope for some competition in this field.

[ragnar0k]

I think If it continues like that sellers will move to the best exchanges, leaving bitstamp et al. with less and less volume
This will probably be the real attack to bitcoin, the full centralization of exchanges (so, I see gemini and coinbase taking the lead soon)

[savetherainforest]

Meantime, looks like things are back to normal, where normal seems to mean 15k. That's ok but it would be nice if bitcoin did something.... :-)

Well... it did do something.





Anyway... it is sad that probably common folk with not have time to buy in anymore. Maybe for pennies. First there will be most of the young people, then the old people will be slaves for the young and serve their every need and requirement to dig sh!t holes & stuff.