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

[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.

[jbreher]

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]

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]

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]

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_]

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]

Candlestick patterns dont really mean anything in bitcoin. Candlestick patterns are useful in forex when you dont have a volume indicator to work with

[Rsiyz]

Candlestick patterns dont really mean anything in bitcoin. Candlestick patterns are useful in forex when you dont have a volume indicator to work with

¨

yes there is amazing discusion about what candles really is or mean .. on reddit i think..?

[Toxic2040]

it can be hard over the drums

Huh? 

My dad said the first time he saw Led Zeppelin, he could not believe how loud John Bonham was..playing unmiked at the old Fillmore East.
I have these(my dads old set) in the music room still and jump on them from time to time to let it all hang out. No clicky click here.