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

[Globb0]

Are these Mexico prices, brother. Are you still hitting the bricks soonish?

No. Just regular USD/CAD quotes from the usual sources.

I'm not going to Mexico until Thursday. That's why my presence here has been spotty lately. Busy making preps.

I hate selling any Bitcoin but I wanted some extra travel cash so I sold a little on Saturday. Not only did I luck out on catching a peak, but I got a great fee. Not only was it my first negative sell fee, it did it all in one transaction for one transaction fee.



Life is good.

-2 fee, they pay you ?

Do these machines dispense notes? the bitcoin "cashpoint" I saw looked like a student electronics project.

Any in London?

[1714175431]

1714175431

[JimboToronto]

https://i.imgur.com/x8U0HoG.png
Life is good.

17% buyers fee ? -2% sellers fee ? That's outrageous !

You're getting fucked both ways !

Only buyers are getting fucked at those rates. Sellers are getting a kiss.

I wouldn't pay 17% to buy. I wouldn't pay 16.1% to sell either.



You've gotta shop around.

[JimboToronto]

-2 fee, they pay you ?

Do these machines dispense notes? the bitcoin "cashpoint" I saw looked like a student electronics project.

Any in London?

Yes, it's possible to find negative rates with operators who use dynamic pricing. Buy cheaply during panic dumps and sell cheaply during FOMO rallies.

Yes, both machines dispense cash. The Lamassu requires a cell number to receive a code number text to sell. This is not required to buy.

The General Bytes machine does not require a phone. It simply prints you a QR code to receive the coins you send and after one confirmation you scan the same QR code and it starts spitting out banknotes. Fast, simple, elegant and anonymous.

I don't know about London. UK or ON?   Look here:

https://coinatmradar.com/

[Globb0]

-2 fee, they pay you ?

Do these machines dispense notes? the bitcoin "cashpoint" I saw looked like a student electronics project.

Any in London?

Yes, it's possible to find negative rates with operators who use dynamic pricing. Buy cheaply during panic dumps and sell cheaply during FOMO rallies.

Yes, both machines dispense cash. The Lamassu requires a cell number to receive a code number text.

The General Bytes machine does not. It simply prints you a QR code to receive the coins you send and after one confirmation you scan the same QR code and it starts spitting out banknotes. Fast, simple, elegant and anonymous.

I don't know about London. UK or ON?   Look here:

https://coinatmradar.com/

Thanks will do

[kurious]

UPDATE   (thanx to fluidjax for working exchanges and gentlemand for missing btx)
 
name - homesite - wallet - exchange

BTG  - https://bitcoingold.org - https://github.com/BTCGPU/BTCGPU - https://hitbtc.com
BCH  - https://www.bitcoincash.org/ - https://www.bitcoinabc.org/ - https://hitbtc.com
BCD  - http://btcd.io - https://github.com/eveybcd/BitcoinDiamond - https://gate.io/
SBTC - http://supersmartbitcoin.com/ - https://github.com/superbitcoin/SuperBitcoin - https://www.okex.com/ or gate.io
BTX  -  https://www.bitcore.cc/ - https://github.com/LIMXTEC/BitCore/releases - https://hitbtc.com
BTW  - http://www.btw.one - https://github.com/btwone/btwcore ? - ?
UBTC -  https://www.ub.com/ - https://www.ub.com/project/wallet - https://www.okex.com/

Update is about the last one BTW :
I didn't find any git repo on the homesite, that one is one I found, not sure if legit, but the names sound right.
So far it does not compile unless you install libsodium.
Once it's compiling, it doesn't not run unless you find and install the very latest libsodium.so lib.
Once it's running, it doesn't download the blockchain, because I guess i am the only one on Earth to run this, or something.

That is all.

Thanks for the research - am gonna go pull some cold storage coins this weekend and see what I have gifted to me...

[TERA2]

Some whales are trying to pump bitcoin on youtube now.

[JayJuanGee]

Yesterday's dump was the most hilarious fiasco I've ever seen.

My partner was asking about the crash yesterday, and all I was able to respond with was some mumbled grumblings about "South Korea", "CoinMarketCap", and "Panic Selling" - not quite being able to clearly articulate what was going on.

After a few moments (... I tend to ramble on...) I was able to finally sum it up as "A bunch of weak hands got flushed and a bunch of stupid people panic SODL'd because CMC changed stuff, making it look like the prices of shitcoins crashed", to which, he shrugged, and got back to playing Candy Crush on his iPhone.

I believe that the supposed "crash" is more easily summed up as normal consolidation.

Perhaps our more narrow consolidation range is $13,000 to $17,500 and the broader consolidation range is $11k to $20k.

Maybe you can get a little excited if we break beyond the more narrow consolidation range - but the more meaningful excitement woudl come from breaking beyond the broader consolidation range.


Anyhow, what I am trying to say is that you should tell your partner to shut the fuck up and stop bothering you about petty matters because nothing significant is happening yet, until we perhaps get close to the boundaries of one of the consolidation ranges - in one direction or another - and for now, we are largely bouncing around in the white noise middle.


 

[TERA2]

If 10% is a "crash", then what are all the noobs going to think of and call our normal 70% dips - the great depression?

[Toxic2040]

Yesterday's dump was the most hilarious fiasco I've ever seen.

My partner was asking about the crash yesterday, and all I was able to respond with was some mumbled grumblings about "South Korea", "CoinMarketCap", and "Panic Selling" - not quite being able to clearly articulate what was going on.

After a few moments (... I tend to ramble on...) I was able to finally sum it up as "A bunch of weak hands got flushed and a bunch of stupid people panic SODL'd because CMC changed stuff, making it look like the prices of shitcoins crashed", to which, he shrugged, and got back to playing Candy Crush on his iPhone.

I believe that the supposed "crash" is more easily summed up as normal consolidation.

Perhaps our more narrow consolidation range is $13,000 to $17,500 and the broader consolidation range is $11k to $20k.

Maybe you can get a little excited if we break beyond the more narrow consolidation range - but the more meaningful excitement woudl come from breaking beyond the broader consolidation range.


Anyhow, what I am trying to say is that you should tell your partner to shut the fuck up and stop bothering you about petty matters because nothing significant is happening yet, until we perhaps get close to the boundaries of one of the consolidation ranges - in one direction or another - and for now, we are largely bouncing around in the white noise middle.


 

I like you. 

[AlexGR]

https://i.imgur.com/x8U0HoG.png
Life is good.

17% buyers fee ? -2% sellers fee ? That's outrageous !

You're getting fucked both ways !

Only buyers are getting fucked at those rates. Sellers are getting a kiss.

I wouldn't pay 17% to buy. I wouldn't pay 16.1% to sell either.



You've gotta shop around.

The situation with ATMs is pretty much reflecting the actual-demand-on-the-streets... sellers aren't selling and need extra incentives, buyers are willing to buy at much higher premiums.

ATM companies know that they can't really make money on commissions if they don't have bitcoins to sell, and they won't really acquire bitcoins if they can't be tempting enough on their prices that they buy from people. So they need to get those bitcoins, even if at a premium, in order to have something to sell to those who want to buy (and thus make money on the buyer).

We have a situation analogous to precious metals a few years ago when the street market was not correlated with the spot prices - but this is in a greater degree now with BTC.

[gentlemand]

Trying to send some UBTC with the Electrum wallet from the UB's page =>
error => "the transaction was rejected by network rules.\n\nMissing input"

Ok. Garzik's software strikes again.

How did you get UBTC? It doesn't launch until later in the month.

[ghandi]

3day chart seems to be drawing the perfect bubble...

In what way? Looks exactly like December 26th-28th, almost exactly where it is today except a bit higher. So, breaking bubbling upwards... again?

_{edit: further thoughts/ramblings, and grammar}

In the way the perfect anatomy of a bubble is described. Doesn't certainly mean we are going to crash. But currently it's not looking to bright.

Elaborate. There are multiple phases of a bubble, which do you see/think we are in? First sell off? Return to the mean? Both of those are right before great increases => bullish.

"Return to normal" just passed by and we may be on the way down to the floor.

But i thought the same thing around at 4k USD and was wrong

[ragnar0k]

3day chart seems to be drawing the perfect bubble...

In what way? Looks exactly like December 26th-28th, almost exactly where it is today except a bit higher. So, breaking bubbling upwards... again?

_{edit: further thoughts/ramblings, and grammar}

In the way the perfect anatomy of a bubble is described. Doesn't certainly mean we are going to crash. But currently it's not looking to bright.

Elaborate. There are multiple phases of a bubble, which do you see/think we are in? First sell off? Return to the mean? Both of those are right before great increases => bullish.

"Return to normal" just passed by and we may be on the way down to the floor.

But i thought the same thing around at 4k USD and was wrong

The second 'bump' was higher than the first, don't think that is what happens in a bubble... Also it is true that we are going down a lot but at this price 5% swings are huge, so might really be consolidation me hopes

[JimboToronto]

The situation with ATMs is pretty much reflecting the actual-demand-on-the-streets... sellers aren't selling and need extra incentives, buyers are willing to buy at much higher premiums.

ATM companies know that they can't really make money on commissions if they don't have bitcoins to sell, and they won't really acquire bitcoins if they can't be tempting enough on their prices that they buy from people. So they need to get those bitcoins, even if at a premium, in order to have something to sell to those who want to buy (and thus make money on the buyer).

We have a situation analogous to precious metals a few years ago when the street market was not correlated with the spot prices - but this is in a greater degree now with BTC.

I think it has most to do with operators trying to keep a balanced inventory. During rallies like last Saturday, bitcoins are at a premium so they raise buy rates and lower sell rates. During panic dumps like the example I posted from last August, the operators have an excess of coins relative to their fiat supply, so they lower buy fees and raise sell fees. It also means that panickers and FOMOers pay a premium for their foolishness while cool holders get a bargain.

The 2 examples I gave are extremes but if you play it right, the ATMs are cheaper than transferring fiat to and from exchanges and paying the exchange fee.  Of course this only works if you're buying dips and selling peaks.

The big advantages of using ATMs though are security, anonymity and instant gratification.

[xhomerx10]

Yesterday's dump was the most hilarious fiasco I've ever seen.

My partner was asking about the crash yesterday, and all I was able to respond with was some mumbled grumblings about "South Korea", "CoinMarketCap", and "Panic Selling" - not quite being able to clearly articulate what was going on.

After a few moments (... I tend to ramble on...) I was able to finally sum it up as "A bunch of weak hands got flushed and a bunch of stupid people panic SODL'd because CMC changed stuff, making it look like the prices of shitcoins crashed", to which, he shrugged, and got back to playing Candy Crush on his iPhone.

I believe that the supposed "crash" is more easily summed up as normal consolidation.

Perhaps our more narrow consolidation range is $13,000 to $17,500 and the broader consolidation range is $11k to $20k.

Maybe you can get a little excited if we break beyond the more narrow consolidation range - but the more meaningful excitement woudl come from breaking beyond the broader consolidation range.


Anyhow, what I am trying to say is that you should tell your partner to shut the fuck up and stop bothering you about petty matters because nothing significant is happening yet, until we perhaps get close to the boundaries of one of the consolidation ranges - in one direction or another - and for now, we are largely bouncing around in the white noise middle.


 

I like you. 

 I'm going to venture that however, you would not if you two were in a relationship.

[Rosewater Foundation]

Are these Mexico prices, brother. Are you still hitting the bricks soonish?

No. Just regular USD/CAD quotes from the usual sources.

I'm not going to Mexico until Thursday. That's why my presence here has been spotty lately. Busy making preps.

I hate selling any Bitcoin but I wanted some extra travel cash so I sold a little on Saturday. Not only did I luck out on catching a peak, but I got a great fee. Not only was it my first negative sell fee, it did it all in one transaction for one transaction fee.



Life is good.

I'm in a position where I'm preparing to sell some corn in February. I'm not tickled about these prices.

[gentlemand]

okex has published a note that they handle UBTC from now on.
Beside on ub.com they published the wallets, source and everything.

What else do you want ? Looks like a grand opening to me.

I'm thinking of the second distribution. I'm impressed anyone got any considering the evil minds behind it. I'm also impressed at how consistently priced all the forks are. The two I got rid were both in the 0.01 range as is UBTC.

[jojo69]

I'm in a position where I'm preparing to sell some corn in February. I'm not tickled about these prices.

et tu Rosewater?

what is it with you pansies?  HODL goddammit!

[El duderino_]

Breaking 24777$ prediction game      FINAL LIST       

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29/12/2018 cAPSLOCK 
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31/12/2017 Raja_MBZ
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02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie 
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK                   

[The_Real_Punisher]

Holy moly ETH is really going crazy. Looks unstoppable. Wish I had converted to ETH as BTC was at 19k