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

[Rosewater Foundation]

Crackdown update.
https://www.rbcroyalbank.com/onlinebanking/bankingusertips/notices/communications/CryptoCurrency.html
That's 3 big banks down, 1 to go. By my count

[RoomBot]

Crackdown update.
https://www.rbcroyalbank.com/onlinebanking/bankingusertips/notices/communications/CryptoCurrency.html
That's 3 big banks down, 1 to go. By my count

They still allow debit cards.

It's for your own good, don'tcha know?   

[Rosewater Foundation]

And yet there are tonnes of options coming online here for high net worth individuals to buy in bulk.

[JayJuanGee]

JayJuanGee, I'm not even going to bother replying to that blob of poop,

Here's what I think of your non-response response:



And here is what i think of your attempt at "clean language"

but if you haven't noticed, transaction validators in craptocurrency are ALWAYS designed to centralize through either economy of scale, compounding stake interest, foundry capital requirements, technique or other IP monopolization, asymmetric energy costs and subsidies, and a million other variables.  Instead of isolated, these issues are not only culmulative, but multiplicative with each other in nature to make it even more stupid.  

Blah, blah, blah.. you can say all that you like about a tendency towards centralization, but you are not saying one fucking thing, beyond asserting a conclusion that you want to make that is based on theory rather than facts.

It's 100% not possible to create a decentralized cryptocurrency.

Yes, there may not be 100% decentralization, but who fucking cares.  Bitcoin is amongst the closest to decentralized that there is, especially when it comes to currency and store of value... so you take what level of decentralization that exists and you decide whether it is worth investing into or not.  If you think that bitcoin is not worth investing into, and you think that stupid ass precious metals, such as gold or silver are better investments, then go forth and invest in that crap... you are not really providing much value here with your contrarian and non-substantive pie in the sky bitcoin naysaying talking points, are you?

Since the tokens are non-fungible and transaction validators are designed to centralize, that makes it a permissioned ledger by default.

Yes, another nonsensical talking point.  fungible is a term of relativity, and so far bitcoin has been pretty fungible - unless perhaps you are working with trying to send them to an exchange that is engaging in blacklisting (which seems a hypothetical point, currently - in other words, you are making shit up).. so yeah, throw out your assertions of non-fungibility or permissioned, but you are again talking in pie in the sky theory about some kind of problem that does not yet exist, excepts perhaps in some exceptional and anecdotal instances, that you are probably not even able to point out any actual meaningful or representative instances of such.

 If you had actually spent any amount of time studying these issues instead of scratching yourself like a baboon you might have figured it out.

I have figured out that you spread a lot of nonsense, and to the extent that you have any education, yourself, you use your education to engage in the spreading of hypothetical nonsense and hate and distracting talking points, rather than engaging in any kind of substantive and meaningful sharing of information.  which deserves another pathetic and lame eyeroll, but I cannot muster the energy. 

[JayJuanGee]

Sadly...I feel if I just give up on this thread.."they" win...   That being said, Ive had enough..stop feeding the trolls...and ffs stop quoting them. I actually am so fed up that today for the first time in literally years I blocked two accounts on here.

I am done with the fucking neo nazi bullshit...I am done with the little bug going on about metals..I am done with all of it..I am just done. You dont have to grow up but please grow a brain.

infofront   While I appreciate the light touch used in moderating here...a line has been crossed once to many times imo. Deal with it. Please.

RF....  +2 WOsMerits for the taint info, another great read..thanks.

“The only thing necessary for the triumph of evil is for good men to do nothing.”

*edit*   3 accounts blocked..thanks.

Get a grip, Toxic. 


This is only an interwebs thread.

Snap out of it.     

[JayJuanGee]

The only way is down now
no chance we are reaching 8k for a very long time.

The way I see it, in this particular moment it's very hard to name a "no chance" event.

Merited. Wise words.  While catching up on this thread gradually you see how unwise and price prediction in any direction is, on any near/medium term time frame.

TA / price analysis is fun to see, but so much of it is as accurate as a stopped clock, as all we can do is to try to set up for whatever happens.  I was watching your 'short insurance' strategy, seemed to make sense - may I ask how it has panned out?  Or is it just too much work to keep on top of it?

Thanks for the appreciation.

My insurance is doing fine! With today's dip, I'm comfortably in the money. With the latest fluctuations, I'd already managed to nurse it to a higher entry point with incidental small profit. My aim isn't maximum profit, but maximum comfort, as JayJuanGee said. This makes it a little easier, but it's still hard work for me. Of course there's a different "hard work" threshold for each one of us. With the position moving to a higher entry point, the amount of work decreases.

However, if it doesn't hurt at times, I feel I'm doing it wrong. It's supposed to hurt a little now and then, unless you're magically able to spot either tops or bottoms (which would make hedging moot anyway).

I'm not closing it yet. Bring it down to 5k or 3k, will you? Please??  

I've also worked out a "pain threshold" in advance. That's where I'll close the insurance hedge (at a loss) before liquidation if I don't manage to close gradually on the way up while still in the money. The numbers are good: by the time we reach that threshold, it will be Carolina Train time around here.

That's just my play money, of course. If it was my stash at stake, I wouldn't be so detached or cool headed in making difficult decisions.

Is it possible for you to have established partial closiong targets?  For example, four of them, or some other comfortable quantity:  1) at $6,200, 2) at $5,200, 3) at $4,200 and 4) at $3,200. 

I really don't believe that it is very likely that your $3,200-ish one would close, but of course, from time to time, we do get to experience real extremes in bitcoinlandia... and if BTC prices go lower than $3,200 (which would likely be partially attributable to various alt coin markets exacerbating such a negative downward drive), then you still would have made a lot of money on your shorts, so you would also be able to buy more BTC below that $3,200 price point. Do you have a better way of framing your tentative ongoing correction strategy, at this time?

[d_eddie]

Is it possible for you to have established partial closiong targets?  For example, four of them, or some other comfortable quantity:  1) at $6,200, 2) at $5,200, 3) at $4,200 and 4) at $3,200.

Entirely. I do have partial close orders sprinkled - you guessed it - along a ladder. The lowest, most profitable, is well above 3200 for now, but I hope that by the time we get to that, I'll be profiting already and perhaps the ladder will be exhausted.

I really don't believe that it is very likely that your $3,200-ish one would close,

Right. That's if we get to that, which I also doubt.

Do you have a better way of framing your tentative ongoing correction strategy, at this time?

I'm nursing my hedge to  as high an entry point as I can. My loose guidance: I'm trying to keep approximately fixed hypothetical profit at, say, 5k or 4.5k. This can be done with a smaller position as long as the entry is better (higher). So I make the position smaller by closing partially when in the money, waiting for another climb to average up, so that when it gets down in the money again, I can release (cash out) a little more than in the previous cycle. All this goes by small increments, small sums. The idea is not to be found flat when it really plunges, and be ready to release with some predetermined stop when the pain becomes unbearable.

(When/if are used interchangeably. It's the same thing. I don't know. I don't care.)

[Rosewater Foundation]

Yeah, I'm really hoping to be verified sometime before $3200..
 

[d_eddie]

It was Rosewater who brought the topic into this arena of gentlemen.

The argument for taint and title is strong
http://www.cl.cam.ac.uk/~rja14/Papers/making-bitcoin-legal.pdf

The taint paper has stirred several reactions.

tasty find my arse

Hm, by the refined language, I sense a fellow Oxford scholar?  

Seriously, I don't see the paper as advocating anything in particular. If it actually is, I didn't notice or I deem the advocacy irrelevant. The strength of that discussion is the what-if speculation it suggests. It is assumed that the public Taintchain is a reality. The Taintchain makes it effectively instant to look up taint, which is distributed in a strict LIFO fashion. This sounds as a prescription (advocating), but I hear a scientific stance. "It's a precise working hypothesis with good effects on the engineering," it sounds to me. The Taintchain can actually become real today, once the blockchain is scanned to create a different view of the transaction database. Keeping the Taintchain current is a trivial matter.

Under these assumptions, there are interesting consequences. Different administrations will be interested in tracking different events. And they will each be able to do that in a much easier way than today. And anyone else can do the same, too. The algorithm is there. How long before an open source solution allows you to track any taintchain known to man, as well as hypothetical ones defined by the user's ow custom rules? I think this ease of implementation makes it likely that it will get done.

Now, initiating taint on a whim or on user action can be a daunting task for a public administration, but limiting the initial " taint award" to only a few well-known events (like, Mt.Gox size only - either finance-wise or  by media resonance) is completely doable. As is picking your own pet taint-generating events.

No one has to like that. I don't know if I would myself. But it's a realistic possibility in, say, China for export controls. See the what-if? Chinese taint wouldn't mean much in the USA, right? Or wouldn't it?

Food for thought.

Reporting doesn’t need to be false to be damaging.
A sends coins to exchange and sells, withdrawing different coins.  B truthfully claims that A stole the coins and sues exchange for value of the coins.  Exchange is liable to compensate B.  

Possible limits to exchange liability are also vaguely hypothesized, but it's lawyer stuff, so the authors - computer scientists, remember - don't toy with the idea too much. They appear to be fascinated by the game theoretical implications. I also am.

You say "successfully disputed", I say that "successfully" involves a new layer of lawyers.

You say "they bust you bullshitting the system, its trouble..." I say "ho ho, Deripaska, Zuma..."

Or maybe it's no trouble at all. Your claim is simply ignored because it didn't make it to the master list of scams. It's not even 1/100,000 of Gox size after all. Or maybe someone snitches on you, dealing in drugs or military technology or whatever. One address paying you gets leaked. What happens to your coins? Which countries are involved? Which exchange did the coins pass through?

A paper that gets me thinking along these lines must be a good paper under some definition of good.

Nice find my ass, my ass
As we say in Oxford after class.

[Rosewater Foundation]

I'm just going to leave this one here for the bugman to sort out.
http://vixra.org/pdf/1501.0021v1.pdf

[d_eddie]

^^ TROLL BAIT 

I'm just going to leave this one here for the bugman to sort out.
http://vixra.org/pdf/1501.0021v1.pdf

[Karartma1]

Finally I know:that is what is called a self fulfilling prophecy, am I right? You are telling me that we are fighting in the dark meanwhile our hero is gaining back his strenght. Fine by me

[Jacques_Bittard]

It feels like a third of the market has just shut down. Sideways movement without any real direction, followed by sharp slices through thin books. The market usually looks like this when it is at the end of the bubble, so it's surprising to see it now. Possibly something brewing that hasn't hit the news yet.

[Rosewater Foundation]

It feels like a third of the market has just shut down. Sideways movement without any real direction, followed by sharp slices through thin books. The market usually looks like this when it is at the end of the bubble, so it's surprising to see it now. Possibly something brewing that hasn't hit the news yet.

It's plum pudding, Jacques. It's English tradition. The next 25 kilometres are critical.

[STT]

silver is not going to save you.

It might save you if you were a silversmith and able to utilise it in value creation via skilled labour.  Silver is an industrial commodity, mined alongside such common metals as lead.   Its never rare exactly but also its highly useful maybe increasingly so following the rapid decrease of conventional photo development consumption.   I think I saw a chart showing greater demand for silver in a way like lithium is expected to rise, due to new energy technology types.   I think it'll be a vital metal for reasons like that but I dont know it'll take off exactly, I do think it'll maintain its value for sure from current $16 (long term)

Silver price prospects will suffer quite alot with any knock to global GDP estimates (I dont think its overpriced at all presently).  Its a long road to any monetisation concept, I think if gold does raise greatly silver will be picked up but not in a steady way.  Its not a bad hold but I wouldnt say its especially superior to oil or any general bet on world commerce out pacing the devaluation of dollars.   One of the biggest subsidies for crypto is the failure of US dollar rates to offset effective inflation, if there really was a strong dollar it would greatly impede growth here I think as well many avant garde technology areas still developing.

  I generally agree strong dollar is impossible now, its holed below the water line but market prices wont reflect that for years probably.   I expect dollar to rise with appearance of higher rates and QE reversal though its impossible to complete especially without a budget surplus and we just saw thats not happening, the biggest market prices can  be wrong and still have secondary effects on smaller markets like this one.

BTC price is dismal / idle / drifting.  A flat wedge perhaps looking purely short term, is it waiting for something.

[Lontonbit]

I'm looking forward to another jjgee spree, you entertain me

[CoinCube]

07/03/2018 CoinCube 

Typo on my part here. I meant 2019 not last month. 

[Rosewater Foundation]

07/03/2018 CoinCube  

Typo on my part here. I meant 2019 not last month.  

Surprised you're still here, Doc. Did you hodl all the way down?
Because that's just sad.

[Last of the V8s]

It was Rosewater who brought the topic into this arena of gentlemen.

The argument for taint and title is strong
http://www.cl.cam.ac.uk/~rja14/Papers/making-bitcoin-legal.pdf

The taint paper has stirred several reactions.

tasty find my arse

Hm, by the refined language, I sense a fellow Oxford scholar?  
blah blah blah
A paper that gets me thinking along these lines must be a good paper under some definition of good.
Nice find my ass, my ass
As we say in Oxford after class.

Dear, dear Ed, Read the effing thread.
Rosewater was making a pass
At my sweet, sweet arse.

http://www.cl.cam.ac.uk/~rja14/Papers/making-bitcoin-legal.pdf Ross Anderson, Ilia Shumailov and Mansoor Ahmed
shoulda read http://trilema.com/2014/guidance-there-is-no-such-thing-as-bitcoin-taint/
and http://trilema.com/2012/the-reasons-why-bitcoin-securities-cant-be-regulated-by-the-sec/

[realr0ach]

it's like when the tyran of the kremlin attack the poor civilians in syria

^^^
Like I said a million times before, Jews are an evil cult that are not even capable of telling the truth.  Look at this lying kike.  Every single word out of his mouth is a lie.  It's not even a good lie.  Nobody in this entire thread is dumb enough to believe their Zionist false flag chemical attack.  Nobody.  Each time you tell this lie, all it does is create a new Nazi soldier from random Goyim passerbys seeing that you're a chronic liar and refusing to put up with your lies and scams anymore.  You are a mobile Nazi recruiting center.  Keep up the good work!