Bitcoin Forum
June 17, 2019, 08:13:17 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: Closing BTC Price June 17:
$0 - 2 (1.5%)
<$6,500 - 7 (5.4%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.6%)
$7,501-$7,750 - 4 (3.1%)
$7,751-$8,000 - 12 (9.2%)
$8,001-$8,250 - 13 (10%)
$8,251-$8,500 - 7 (5.4%)
$8,501-$8,750 - 6 (4.6%)
$8,751-$9,000 - 11 (8.5%)
$9,001,$9,250 - 13 (10%)
$9,251-$9,500 - 17 (13.1%)
>$9,500 - 17 (13.1%)
$20,000 - 9 (6.9%)
Total Voters: 130

Pages: « 1 ... 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 19724 19725 19726 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 [19760] 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 19775 19776 19777 19778 19779 19780 19781 19782 19783 19784 19785 19786 19787 19788 19789 19790 19791 19792 19793 19794 19795 19796 19797 19798 19799 19800 19801 19802 19803 19804 19805 19806 19807 19808 19809 19810 ... 24221 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21225462 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (64 posts by 15 users deleted.)
ACVinegar
Member
**
Offline Offline

Activity: 196
Merit: 20


View Profile
March 01, 2018, 03:41:09 AM
Merited by d_eddie (1)

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.
1560802397
Hero Member
*
Offline Offline

Posts: 1560802397

View Profile Personal Message (Offline)

Ignore
1560802397
Reply with quote  #2

1560802397
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560802397
Hero Member
*
Offline Offline

Posts: 1560802397

View Profile Personal Message (Offline)

Ignore
1560802397
Reply with quote  #2

1560802397
Report to moderator
d_eddie
Hero Member
*****
Offline Offline

Activity: 714
Merit: 595



View Profile
March 01, 2018, 03:57:13 AM
Last edit: March 01, 2018, 04:19:54 AM by 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  Wink) - 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
Hero Member
*****
Offline Offline

Activity: 714
Merit: 595



View Profile
March 01, 2018, 04:03:08 AM

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
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 01, 2018, 04:55:37 AM

<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
Hero Member
*****
Online Online

Activity: 868
Merit: 750


HODL.


View Profile
March 01, 2018, 04:59:45 AM

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.

Quote
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 Smiley

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

Quote
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
Full Member
***
Offline Offline

Activity: 386
Merit: 166



View Profile WWW
March 01, 2018, 05:03:51 AM
Merited by BobLawblaw (1)

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
Legendary
*
Offline Offline

Activity: 1414
Merit: 1758


no FOMO


View Profile
March 01, 2018, 05:06:21 AM

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
Hero Member
*****
Offline Offline

Activity: 714
Merit: 595



View Profile
March 01, 2018, 05:09:49 AM

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." (!)  Cry
nanobtc
Full Member
***
Offline Offline

Activity: 386
Merit: 166



View Profile WWW
March 01, 2018, 05:12:06 AM

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
Full Member
***
Offline Offline

Activity: 386
Merit: 166



View Profile WWW
March 01, 2018, 05:13:01 AM

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." (!)  Cry

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
Hero Member
*****
Offline Offline

Activity: 714
Merit: 595



View Profile
March 01, 2018, 05:16:06 AM

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
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 01, 2018, 05:30:48 AM

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

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
Legendary
*
Offline Offline

Activity: 1414
Merit: 1758


no FOMO


View Profile
March 01, 2018, 05:38:37 AM

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
Full Member
***
Offline Offline

Activity: 386
Merit: 166



View Profile WWW
March 01, 2018, 05:48:54 AM
Last edit: March 01, 2018, 06:28:08 AM by 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.
jbreher
Legendary
*
Online Online

Activity: 2408
Merit: 1275


lose: unfind ... loose: untight


View Profile
March 01, 2018, 05:54:48 AM

I'm hauling a rebuilt 1962  Leslie cab

Very cool. I own both a 122 and a 147. You've heard these very cabs before. No shit. Longer story than appropriate here.
nanobtc
Full Member
***
Offline Offline

Activity: 386
Merit: 166



View Profile WWW
March 01, 2018, 05:57:01 AM
Last edit: March 01, 2018, 06:17:47 AM by nanobtc

Mine is a FrankenLeslie, originally a single-speed I converted to 2-speed, no other quite like it.  Agreed on the stories.

Enough music variance, how bout them walls?



Not sure if pics are working, but here's foam-mounted condensers (with internal phantom power), stereo horns! All new bearings/belts  and rubber grommets, motors overhauled.

Phil_S
Sr. Member
****
Online Online

Activity: 714
Merit: 258


We choose to go to the moon


View Profile
March 01, 2018, 06:13:22 AM


On the other hand, it might be worth putting an encrypted private key into at least one safe safe.

Most of my BTC is on hardware wallets and a smaller part on exchanges for trading purposes (probably only around 10% currently) so I feel comfortable with my storing strategy. But I wouldn't mind "diversifying" a small percentual part of my storing into an online third party *IF* it was fully insured... and no custody fee. That's what I meant.


I know, but you won't get a fully insured storage without paying an insurance fee in one form or another. If you pay it directly you know what you're getting into... with a proper contract. If you're getting the storage "free" you're paying it behind the scenes, potentially through the bank or exchange trading your Bitcorns. And at that point the counterparty risk increases dramatically. And I think we all know that banks don't keep sufficient backups and whine for bailouts when they fuck up.

And if they'll receive government's bailouts, that will be in USD, not BTC, obviously.
bitserve
Hero Member
*****
Online Online

Activity: 868
Merit: 750


HODL.


View Profile
March 01, 2018, 06:25:26 AM

This sounds like it could be BIG: https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

But I am not sure of the exact meaning. Do they mean the "conversion" will be VAT exempt (as it is obvious it already is) or does it also means than when using BTC for buying services/goods no capital gains will be needed to be reported/paid? If so, up to which amount? Cofee? Huge TV? Lambo?

Anyone fluent in german that can understand the source document and post a more specific conclusion?
hv_
Hero Member
*****
Online Online

Activity: 1218
Merit: 543

Clean Code and Scale


View Profile WWW
March 01, 2018, 06:40:29 AM

Here you go and see Bitcoin Cash is embraced

https://www.bankfrick.li/en/about-bank-frick/news/bank-frick-allows-direct-investments-in-leading-cryptocurrencies
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
March 01, 2018, 07:02:37 AM

Candlestick patterns dont really mean anything in bitcoin. Candlestick patterns are useful in forex when you dont have a volume indicator to work with
Pages: « 1 ... 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 19724 19725 19726 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 [19760] 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 19775 19776 19777 19778 19779 19780 19781 19782 19783 19784 19785 19786 19787 19788 19789 19790 19791 19792 19793 19794 19795 19796 19797 19798 19799 19800 19801 19802 19803 19804 19805 19806 19807 19808 19809 19810 ... 24221 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!