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

[jbreher]

Currently, I am thinking that I am shit out of luck until the GDAX support specialist communicates back with me, and maybe I won't be able to do much, until a few more days pass, and then I perhaps I can follow up by calling up support again to check on the status.

Anyone have similar circumstances to mine?

Anyone have any suggestions regarding possible ways to attempt to expedite the processing of my frozen GDAX trading matter?

Sounds like you are in limbo, yes. Sorry to hear. Never had such an issue myself. Then again, I've not had my account hacked. In retrospect, might you have asked GDAX to invalidate the hacked account?

No suggestions to offer.

Sux. Sorry to hear.

[1713855231]

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[1713855231]

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[pacman7331]

Can’t say i”m impressed by that Richard Hart video. Guy seems deluded. Cool guy to hang out with. But not someone to trust with your finances. Take with a grain of salt.

[Deeyoh]

Lightest orderbook I've seen on Coinbase in a while.  Was about 11 to 13k btc sell side; now down in the 5k's.  Looks like no one wants to really sell now.

[bitserve]

Lightest orderbook I've seen on Coinbase in a while.  Was about 11 to 13k btc sell side; now down in the 5k's.  Looks like no one wants to really sell now.

Same in Bitstamp. Weak sell side, much stronger buy side.

[jbreher]

Hey Jbreher

What sort of a listing fee was paid by Bcash to Coinbase?

Does Brian Armstrong receive a regular payment in Bcash?

I would have no way of knowing. My reasoned guesses would be 'none' and 'no', respectively.

[jbreher]

jbreher:  I don't know if you response adequately outlines what you actually would do in such a extreme downwardly volatile situation.  Are you suggesting that at certain price points you would stop buying, or do you just change the amounts and the increments?

Well, my standing buy orders go down pretty far, albeit not all the way down to zero. If faced with such a decision, i think I'd probably just sit and wait for the price to come back up to me. But I might be tempted to buy more. Hmm'm...
 

Let's talk real world numbers and the extent of your plan past 70% down...

OK, I'll come clean. The price fell below the bottom of my system in recent memory, when my bottom buy executed at $6750 (though I have another range of orders below that-- after a gap -- as well). I waited it out. I didn't need to wait very long. If it dragged on, I may have re strategized.

[jbreher]

I ain't 'playing victim'. There is a wide gulf from permissionless innovation that you don't happen to care for, and outright lying in order to besmirch character.

I understood the first sentence, but I couldn't make sense of the second. Care to explain?

Certainly. MoA stated that I engaged in spamming in order to cripple Bitcoin Segwit. Of course, I have done nothing of the sort. As might be deduced from the fact that MoA was unable to provide a single shred of evidence for such an accusation. Ergo, MoA was lying. Likely in order to besmirch my character.

how about this ... just piss off you duplicitous tosser? This is no longer 'your' bitcoin after you have now pitched your tent at the Bcash shit-show circus along with Peter_R, the other daft thinkers and outright sociopath control freaks ... why do you really keep slinking back around here, to preach to us the error of segwit ways and straying from the One True Vision of Satoshi?? it's really kind of stalky and a bit creepy.

"besmirch your character" it's an anonymous internet forum you plonker, who cares about your non-existent character?

.... and after all that I didn't say YOU specifically engaged in spamming just that you were from the cohort of Bcash idiots that were cheering on, encouraging and engaging in a myriad of despicable attacks on bitcoin, including spamming, to pump their shitcoin Bcash.

The amount of half-truths, lies, misinformation-spreading, slander and personal attacks against people in real life the deluded 'hard-fork now!' cultists have engaged in is disgusting, maybe heal thyself physician? Or are you just projecting the worst traits of your Bcash partners elsewhere to ease your conscience?

My conscience is clear. And your impotent railing at me is silly. You seem to be playing group identity politics here. If you want to call out some behavior of mine, then do so. But I am responsible only for myself. You cannot legitimately blame me for the actions of others. Our western systems of justice threw out that illegitimate anachronism centuries ago. Asshole.

Incidentally, this is indeed 'my' Bitcoin to the full extent that it is 'your' Bitcoin. I might suggest you ponder upon the meanings of the words 'permissionless' and 'uncensorable'. Nincompoop.

[jbreher]

Ah, now I see what "permissionless innovation that you don't happen to care for" means. The leveraging of open source assets is an intended possibility - a feature, so to say - and totally legit in my opinion, too. Kind of like dogecoin did. However, the naming, marketing and politics around Bcash is highly debatable. Well, that's my opinion anyway.

Riiight.... And the international trademark rights on the word Bitcoin are owned by...?

[jbreher]

By the way, as opposed to JJG's implementation, so to say, of this system, you do seem to have a ladder of sells/buys already set up, and you do your maintainance by removing debris - that is, orders at the same price but on the opposite side of the one just executed. At least, that is the way I understand it.

Nope. Standing buys at regular intervals below the current price, and standings sells at regular intervals above the current price. Two-interval gap in between. There is no removing to be done. When a sell executes, enter a corresponding buy at cheaper price. When a buy executes, enter a corresponding sell at a higher price.

[jbreher]

It seems the "old ones" doesn't understand what bitcoin is or the whole cryptocurrency. The so called experts are also old and calling all fud against bitcoin. Yet almost all crypto enthusiasts are the younger generation, mid 30's and below. There is the barrier. The technological gap between old and young. Give it a few years when we "young" are the old, then we'll see it flourish.

Early 30's here.  

Steady. You will find in this august thread many fine gentlemen of the older persuasion. That said, you're right, it is hard for someone in their fifties or more to change their mental and personal financial model utterly to suit the demands of bitcoin.

late 50's here. and when i heard of btc in 2011 i took to the concept like a dog to a bone.

dont forget us old farts have seen how the government and banks play with money "for our own good" and many of us trust the government/banks even less than the younger generation.

but maybe im an exception. lot of my friends around my age just dont get btc and wont get into it.

Yeah no that's right, 'hard' but not impossible. We are few but strong.

I'd venture to guess there are a fair number higher of us old codgers 'round these parts than these wet behind the ears whippersnappers are likely to imagine.

[bitserve]

For some reason I think I am even happier at current price than I was when we crossed it last time. Anyone else with the same feeling?

I am struggling trying to understand why is that so. Maybe it is just me, though.

[rjclarke2000]

I bought my first coins back in 2013, and I am a permabull / maximalist. HOWEVER, it looks like we're entering a multi-year bear market.
https://youtu.be/vX1BjDHhuVk?t=54m58s

No it isn't, that guy talks about random bullshit buzzwords, not fundamentals or technicals.

> Everybody who's got money is in
> Total market cap of $463 Billion

Just lol.

Don’t even get me started on this video. He annoyed me so much the little pussy. He basically went long at 19k and got REKT

[soullyG]

For some reason I think I am even happier at current price than I was when we crossed it last time. Anyone else with the same feeling?

I am struggling trying to understand why is that so. Maybe it is just me, though.

It's the knowledge that we've just had a huge correction, so the chances of it happening again soon after we go up are slim

[jbreher]

I'll also take the opportunity to rant a bit. Out of those four I mentioned, one is AWOL, one is dead, and the other two are fervent supporters of Bitcoin over BCash. Bitcoin is much more closely aligned with the original cypherpunk principles that elevate privacy and decentralization.

It's not even worth discussing. A forkcoin more or less signed into existence by an agreement of a few commercial enterprises and kept alive by a single conglomerate through the use of dubious tactics...

That was aimed at the handful of bcash supporters/sympathizers here. Are you reading all this jbreher? 

Yep. I simply do not agree that Bitcoin Cash is centralized any more than Bitcoin Segwit in any meaningful way. I realize that there is an oft-repeated narrative that Ver and Wu have made every significant decision in regards to Bitcoin Cash, but this view is utterly ignorant bullshit. And if all y'all would venture outside of this echo chamber of a walled garden, you'd likely realize that latter point as being the truth of the matter

[vroom]

For some reason I think I am even happier at current price than I was when we crossed it last time. Anyone else with the same feeling?

I am struggling trying to understand why is that so. Maybe it is just me, though.

yes, I have the same feeling. Back in december it was pretty obvious that we will get a big correction. it now feels like a system reset, everything is back to zero.  the "system" runs much faster and smoother now. But zero is not zero, it's over $9000! <insert vegeta meme>.

[BTCMILLIONAIRE]

I bought my first coins back in 2013, and I am a permabull / maximalist. HOWEVER, it looks like we're entering a multi-year bear market.
https://youtu.be/vX1BjDHhuVk?t=54m58s

No it isn't, that guy talks about random bullshit buzzwords, not fundamentals or technicals.

> Everybody who's got money is in
> Total market cap of $463 Billion

Just lol.

Don’t even get me started on this video. He annoyed me so much the little pussy. He basically went long at 19k and got REKT

That would explain his complete and utter lack of understanding and arguments. I wonder if we'll still have people buying tops and selling bottoms in a thousand years, there's nothing particularly new happening in Bitcoin from a trading perspective, yet people keep making the same mistakes over and over.

For some reason I think I am even happier at current price than I was when we crossed it last time. Anyone else with the same feeling?

I am struggling trying to understand why is that so. Maybe it is just me, though.

yes, I have the same feeling. Back in december it was pretty obvious that we will get a big correction. it now feels like a system reset, everything is back to zero.  the "system" runs much faster and smoother now. But zero is not zero, it's over $9000! <insert vegeta meme>.

Going up 24/7 is bound to make people anxious, after all everybody expects things to come back down at some point. Right now both the pumping and dumping phases seem to have ended, so the "back to zero" metaphor is quite fitting. Emotions reset and the outlook seems back to bullish or at least close to.

[seljo]

So it starts...
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/

[BTCMILLIONAIRE]

So it starts...
https://arstechnica.com/tech-policy/2018/02/european-bankers-scoff-at-bitcoin-for-its-risk-huge-energy-inefficiency/

Old debunked arguments presented by the banksters instead of trying for a compromise. I really hope that the universe has a tendency to take care of this type of behaviour. But at the very least people do, which is where Bitcoin came from in the first place.

[bitserve]

Thanks for the opinions guys.

Yup, It's true, maybe more than "happier" it is that I just feel less "anxiety" because, either right or wrong, I have now less fear of an imminent (huge) correction. Plus we are already used to this price levels... and even 50% higher.

It was a necessary step I guess.

[fabiorem]

Put your seat belts. We are going to $25k. 

I hope it goes steady this time.