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

[BTCMILLIONAIRE]

Can you feel it?

Are you guys ready?

I have a PhD in procrastination. I don't even know what I'm supposed to be ready for. What did I miss?

[Vlada69]

Can you feel it?

Are you guys ready?

I have a PhD in procrastination. I don't even know what I'm supposed to be ready for. What did I miss?

lol

[Ivor Biggun]

Can you feel it?
Are you guys ready?

I've been waiting for something for at least a week now. I figured we'd be closer to the $12k's by this point.

What do I know ?

Ditto

[STT]

Thats a pin on the 4hr bar, thats pretty positive by my reading.    Let it form and you come back later for your bullish action, every rise needs a concrete base to set first :p

A Pin Bar must have:

–  Open and close within previous candle

–  Candle wick minimum 3 times the length of the candle body

–  Long nose protruding from all other candles (must stick out from all other candles)

apparently Im wrong anyway, whatever.  Go down to 30m and its fits :p  except 30m is pinball

[josephpogi]

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb 28
https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-cardano-neo-eos-price-analysis-feb-28

[nanobtc]

<snippage ensues>

I quit my last "job" in 1976. I still continued making pretty good money playing music in bars. I never considered it to be work. It was a hobby for which I was paid. I earned money for traveling, meeting people, partying and a lifestyle of sex&drugs&rock&roll. Above all, it was fun.

Cheers, Jimbo! I've played about 450 (4-hour) gigs in the last 6 years, in addition to the 40-50 hours a week slave labor. I dearly love it, but I'm hauling a rebuilt 1962  Leslie cab (internally miced, line out to the PA), assorted keyboards (occasionally a real Hammond) and I live a 30 minute drive from any town.

It's still fun, but I quit for time to help with aging parents, that are 15 years older than you. I haven't played for 2 months, and that's an itch that hurts. There's some jams around, I am looking for one. I can run with "slow 6/8, I/IV/V in G, let's go". The easy stuff.

[ACVinegar]

Can you feel it?
Are you guys ready?

I've been waiting for something for at least a week now. I figured we'd be closer to the $12k's by this point.

What do I know ?

Well' we also looking for that value, but since price now are playing into $10K - $11K I guess a little bit more time before they reach the $12K.

@Torque

Feel and ready for what sir?

As I observed most of the participants of this thread are giving merits to everyone, hoping I get also but I want to have smerit from my posts that having  good quality, because I want to rank up too in the future.

[d_eddie]

Mark my words, before too long banks will be offering to hold your bitcoin for you (securely of course) and transferring between fiat to btc, and back, with little to no fee as incentive.

I'll say it again. I would trust some of my btc to a traditional bank, as long as

- The deposit is backed by (audited) crypto or undilutable bank stock (ordinary bonds would be OK too)

- I get my interest (in btc). A reasonable 10% or something like that, depending on market conditions.

These banks will find out that luring old school hodlers to part temporarily with their precioussss takes more than a flashy brochure.

They can shove 10% up their ass. I'd rather support a public firm at those rates.

How would you support a public firm with your bitcoin?

10% sounds nice to me because at current prices, it allows a hodler to extract a decent living in decent places
on double digits deposits. Imagine someone well into triple digits opening such accounts on different banks. (Inb4 jews, usury, Rube Goldberg).

And any higher than that they can't guarantee anyways. I'd consider a bank safe with a hardware or paper wallet if it was insured for the fiat equivalent of the Bitcorns regardless of market situation, but I don't think there are any insurances that cover dynamic valuations without extracting insane fees that would render the whole deal uneconomical.

Not that I believe it's going to happen. But that's what I meant by "a fancy brochure" - that they can't offer anything like what I'm asking. The same I meant by "backed by crypto", and by "uninflatable bank stock" (does anything like uninflatable stocks exist at all? Let's ask Torque  ) - collateral they will lose if things go south.

Bitserve's sane, practical words raise similar issues.

They couldn't give any interest rate unless they were allowed to:

a) Running fractional reserve

This wouldn't be allowed since "backed by crypto" also implies "auditable by the end user". I'm thinking positions backed by individual public addresses or LN channels. Not going to happen, I agree.

b) Shorting the market (selling YOUR BTC)

And give me back 110% of it each year. At cheaper prices of course, but how would they manage a btc bank run? They'd need to buy back and the squishy-squeezy sounds would reach the moon a whole day before the corn.

There's absolutely no way I can think of... unless a market of fully insured Bitcoin lending would exist and offered better returns than those 10% they would give you... which it doesn't.

Indeed. But if it did, their profit over 10% would be justified by swallowing the counterparty risk for me.

You could be glad if they don't charge you a custody fee for holding your BTC.

Reality, again. Thanks for spoiling my dream.

[d_eddie]

Cheers, Jimbo! I've played about 450 (4-hour) gigs in the last 6 years, in addition to the 40-50 hours a week slave labor. I dearly love it, but I'm hauling a rebuilt 1962  Leslie cab (internally miced, line out to the PA), assorted keyboards (occasionally a real Hammond)

Alone? You've got my respect.

[Rosewater Foundation]

<snippage ensues>

I quit my last "job" in 1976. I still continued making pretty good money playing music in bars. I never considered it to be work. It was a hobby for which I was paid. I earned money for traveling, meeting people, partying and a lifestyle of sex&drugs&rock&roll. Above all, it was fun.

Cheers, Jimbo! I've played about 450 (4-hour) gigs in the last 6 years, in addition to the 40-50 hours a week slave labor. I dearly love it, but I'm hauling a rebuilt 1962  Leslie cab (internally miced, line out to the PA), assorted keyboards (occasionally a real Hammond) and I live a 30 minute drive from any town.

It's still fun, but I quit for time to help with aging parents, that are 15 years older than you. I haven't played for 2 months, and that's an itch that hurts. There's some jams around, I am looking for one. I can run with "slow 6/8, I/IV/V in G, let's go". The easy stuff.

I always found it hard to play with more than one guitarist. They tend to go off on long jammy tangents without telling me. I guess my ear wasn't good enough to pick up the chord changes quick enough.

[bitserve]

b) Shorting the market (selling YOUR BTC)

And give me back 110% of it each year. At cheaper prices of course, but how would they manage a btc bank run? They'd need to buy back and the squishy-squeezy sounds would reach the moon a whole day before the corn.

It's even worse... what would happen if they sell the deposited BTC's and they are unsucessfull in their shorting (the price keeps rising)? Default!

That's another reason it's not going to happen.

There's absolutely no way I can think of... unless a market of fully insured Bitcoin lending would exist and offered better returns than those 10% they would give you... which it doesn't.

Indeed. But if it did, their profit over 10% would be justified by swallowing the counterparty risk for me.

Again, *IF*... but it doesn't

Yeah, a fully insured 10% ROI would be great... but I can't think of any way that business model would be viable.

You could be glad if they don't charge you a custody fee for holding your BTC.

Reality, again. Thanks for spoiling my dream.

Sorry for that. You can get WAY more than 10% a year lending in bitfinex or polo..... But you can't have everything at the same time (high ROI with no risk). Even if it would be possible.... the world would turn upside down.... and then, everyone would be swimming in vast wealth.... and then salaries and prices for every product and service would skyrocket.... and then we would be at the starting point. Economics 101.

[nanobtc]

d_eddie: Solo gigs? No, these were full band gigs. Sometimes with too many guitar players.

Rosewater Foundation: Indeed. Jams are tough without direction. I love guitar players, and I am a bad one, myself. When they know how to lay back and just go 'chucka, chucka, whoom', and let them play their leads one at a time, it's all good. All of them trying to play "WEEDLY, WEEDLY, LOOK AT ME" at the same time reduces it all to garage band status.

Real bands know how to back off during vocals, and other intruments' solos. That's the basics.

I much prefer a band that has practiced. Jams have too much dead air between songs, and too much solo competition.  Decades ago I was pretty good at the home recording thing. I want to get back into that, after the slave labor is over.

[jojo69]

I always found it hard to play with more than one guitarist. They tend to go off on long jammy tangents without telling me. I guess my ear wasn't good enough to pick up the chord changes quick enough.

It's hard to imagine having another guitar in our outfit.  It is a hell of a lot of noise the way it is.

[d_eddie]

d_eddie: Solo gigs? No, these were full band gigs. Sometimes with too many guitar players.

Actually, I was thinking about moving around a Leslie and several keyboards - "occasionally a real Hammond." (!) 

[nanobtc]

jojo69 If you have a big enough gigging PA/venue, make the guitar guys all play small Class A amps. Point them at their ears, and take a line out to the PA, let the soundman do it. In my prime, I gigged every Friday, every Saturday, and practiced every Wednesday for 5 years. We drove from 1 to 5 hours to get to the worthwhile venues. The drummer played triggers into the PA. Three monitor mixes, with a trailer load of PA. We could go from a small room to a large outdoor space, and be very consistent.

[nanobtc]

d_eddie: Solo gigs? No, these were full band gigs. Sometimes with too many guitar players.

Actually, I was thinking about moving around a Leslie and several keyboards - "occasionally a real Hammond." (!)  

Yes, I have the proper dollies, ramps, and a van, can load in/out by myself. It's all physics, and mechanical advantage. I need help with steps at a gig, however. I have two Hammonds, an M3, and a RT3. The Roland clone into the Leslie is more than enough to fool the crowd, and much easier.

[d_eddie]

make the guitar guys all play small Class A amps. Point them at their ears

That serves them right with their "I can't hear myself!" mantra 3:-)

[Rosewater Foundation]

A page full of musicians got in early. I hope you hedge fund-types are hearing this.

I always found it hard to play with more than one guitarist. They tend to go off on long jammy tangents without telling me. I guess my ear wasn't good enough to pick up the chord changes quick enough.

It's hard to imagine having another guitar in our outfit.  It is a hell of a lot of noise the way it is.

Imagine a second drummer. Like a musical nightmare!

[jojo69]

make the guitar guys all play small Class A amps. Point them at their ears

That serves them right with their "I can't hear myself!" mantra 3:-)

it can be hard over the drums

[nanobtc]

In our mostly-perfect gigging world, the drums were stuffed with foam. All triggered to MIDI modules (with a line out to the PA). On stage they really sounded acoustically like "fwoomp, thud, fwoomp". We did have 2 live mics for the real cymbals. Out front on the PA, it sounded like Phil Collins, with a big gated snare. That's what the third monitor mix was for onstage, the drums. So they sounded like Phil Collins, and not "fwoomp, thud, fwoomp". Then drummer could change "kits" for every few songs, impossible with acoustic drum set. Small jazz kit for the blues tunes? click. Stadium rock? click.