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

[flynn]

There's also Bitcoin Candy, a new Bitcoin Cash fork.

https://bitcointalk.org/index.php?topic=2715832.0

It says this exchange will support it.

https://www.coinex.com/

However it sounds dubious as it somehow has a 1% premine, and I don't understand how a legit fork can have a premine.

Thanx, but Im trying to report the forks ready to be sold, complete wallet and working exchange.
for the list look here : http://pieifo.com/pages/endefault.html

[flynn]

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

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

You're getting fucked both ways !

Sheeeeit !!!

So... your plan to fly there and exchange 60 BTC just vanished ? lol

[xhomerx10]

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

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

You're getting fucked both ways !

Sheeeeit !!!

 You've never used an ATM?

[realr0ach]

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

Not as bad as what happens when you let African immigrants into your country:

http://dailystormer.red/italy-somali-steals-nurses-outfit-and-gropes-woman-giving-birth-while-jerking-off/

[JayJuanGee]

It would never come to my mind to even use a hardware wallet. It seems like an unncessary excess. A bitcoin wallet is just a private key which consists of ~50 digits. Just write it down, remember it, or some combination of these. A hardware wallet just exposes you to more liability - what if the device is lost, stolen, fried, stops working, is hacked like this, etc. How do you even know the manufacturer doesn't have their own back doors for law enforcement or one day they wont just decide to take everyone's coins.

Oh, TERA2 you´ll have to read up, nobody can help you better, than yourself. Hardware wallets are a wonderfull thing, Just never, and i repeat: ever, buy a used one, can you do that ?
It´s not that difficult.

Exactly!!!!


And, don't buy a pre-set up one, either.  That will really have potential of screwing you.  On the other hand, if you had bought one that was "pre-set" up, it might still work to reset it, but it might not be worth the gamble in the event that the device had been tampered with in other ways, too.

[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?

[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.