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

[jonoiv]

First time I've seen shorts greater than longs.   https://datamish.com/d/000000004/btcusd?refresh=20s&org

Was close to parity at one point when it went to 5700 then we all know what happened then.  It shot up quick.

would like to see the bitfinex long vs short.

bfxdata is down, anyone know where i can get the stats?

[turtletime]

Please come back Mr. Moon, my life depends on it.

[Elwar]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Boring old story that is all too common.

Boy meets eastern european LBC customer at McDonalds. Eastern european cartel coordinates to steal 85 BTC from boy.

Boy warns people on LBC forum.

German stazi reads about such a large sum being transacted by boy.

German stazi show up at boy's house a week later at 5AM and take all of his shit.

Boy hires a lawyer.

Boy gets his shit back (a year later after having replaced all of his shit so now it's useless).



New story from localbitcoins.

My gf is now selling BTC on localbitcoins in Thailand.

Apparently some Nigerian scammer went after some old Thai lady. He had the lady deposit money into 10 different accounts on 17 different occassions. 3 of those occasions was to my gf's account when the Nigerian used it to buy bitcoins.

Now the police froze her account while they investigate.

I'm just trying to figure out what scam would convince someone to deposit money into so many different accounts so many times.

[Elwar]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Boring old story that is all too common.

Boy meets eastern european LBC customer at McDonalds. Eastern european cartel coordinates to steal 85 BTC from boy.

Boy warns people on LBC forum.

German stazi reads about such a large sum being transacted by boy.

German stazi show up at boy's house a week later at 5AM and take all of his shit.

Boy hires a lawyer.

Boy gets his shit back (a year later after having replaced all of his shit so now it's useless).

This is why we carry guns in America.

The team was professional, 4-5 people. While one distracted me, another came up from behind and not only did he pick pocket the money from my pocket, he replaced it with a counterfeit stack the same size.
So while my hand was off of the stack of bills for maybe 30 seconds, it was replaced very quickly. The McDonalds was across the street from a police station, I was confident that I had the money in my pocket as I walked across the street to the police station parking lot where I parked. Then changed up my route on my drive home.
It wasn't until I was safe at home that I pulled out the money and saw that it was all fake (I had verified the money was real before putting it in my pocket and releasing the coins).

[JayJuanGee]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Boring old story that is all too common.

Boy meets eastern european LBC customer at McDonalds. Eastern european cartel coordinates to steal 85 BTC from boy.

Boy warns people on LBC forum.

German stazi reads about such a large sum being transacted by boy.

German stazi show up at boy's house a week later at 5AM and take all of his shit.

Boy hires a lawyer.

Boy gets his shit back (a year later after having replaced all of his shit so now it's useless).

This is why we carry guns in America.

The team was professional, 4-5 people. While one distracted me, another came up from behind and not only did he pick pocket the money from my pocket, he replaced it with a counterfeit stack the same size.
So while my hand was off of the stack of bills for maybe 30 seconds, it was replaced very quickly. The McDonalds was across the street from a police station, I was confident that I had the money in my pocket as I walked across the street to the police station parking lot where I parked. Then changed up my route on my drive home.
It wasn't until I was safe at home that I pulled out the money and saw that it was all fake (I had verified the money was real before putting it in my pocket and releasing the coins).

Wouldn't we lessen the likelihood of these kinds of scams if we engage in smaller transactions, such as $1k to $3k, and don't be doing transactions in the $10k territory?

[yefi]

Looking on the bright side, a new GPU should soon be pretty cheap.

[BTCMILLIONAIRE]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Is that a real animal?

[JayJuanGee]

Looking on the bright side, a new GPU should soon be pretty cheap.

There is no bright side...   

[savetherainforest]

Please come back Mr. Moon, my life depends on it.

Can I have your bitcoins first?? I'm a better hold than you! So you just should give them to me if you plan on throwing your life away!

[yefi]

Is that a real animal?

The rest of it is connected to Rosewater's groin, so yes.

[BTCMILLIONAIRE]

Is that a real animal?

The rest of it is connected to Rosewater's groin, so yes.

The stealth grapist.

[jojo69]

anybody heard of XYO?

yes, yes, I'm sure it is a pile of shit, but why?  I got a friend I want to save.

[gembitz]

Please come back Mr. Moon, my life depends on it.

Can I have your bitcoins first?? I'm a better hold than you! So you just should give them to me if you plan on throwing your life away!

HODLLL

 

j/k

[Elwar]

Wouldn't we lessen the likelihood of these kinds of scams if we engage in smaller transactions, such as $1k to $3k, and don't be doing transactions in the $10k territory?

Yes, I was doing mostly small amounts when I was in Germany. Mostly just for spending money. But I got tired of going to McDonalds almost every day or driving all over the place during my off hours just to get 50-100 euro. So this guy wanted 50k euro worth, I told I'd do 20k but upped it to 30k because I decided I'd just do this one sale and I'd have enough euro for a few years in Germany with no more driving all over the place to wait for people to show up (or not show up).

The guy that robbed me came at one time and we did 5k. Went smoothly so I was comfortable with a larger amount.


German law kinda pushed me into larger amounts. By banning LBC in Germany the response was to just freeze everyone's current advertisements. Which was in its early days. Which meant that my ad making 15% on each trade was the only one in my area.

It's really hard to turn away an almost instant 15% profit.

[HairyMaclairy]

Thanks Elwar.  A good lesson for all of us to learn from. 

[HairyMaclairy]

Shitcoins minimizing...

[realr0ach]

Fuck it.

I'm going to lay down some beats and work on bass-lines.

Sheeit.

That sounds like a very caucasian thing to do.  You should speak at the "unite the right II" rally...if it wasn't a false flag event run by Jews.

[El duderino_]

Shitcoins minimizing...

50.5 happy of owning not to much shitcoins.....
The correction keeps coughin blood, So happy to see Some good news 50.5 dominance is something now a big btc pump would get me euforic in very Many ways..... please btc do not let me go to This No coiner wedding today during a new bottom   

[luckygenough56]

finally people will be able to buy gpus for gaming again

[suzanne5223]

Absolutely cause anybody that sell his or her holding in other not to loose because of the dump in price of the market such person person is already loosing. How ever, this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now. Guys don't sell your bitcoin now if it not for an important or urgent situation so you won't regret it.

I totally agreed with what you said because rich people are never satisfy with their current status in terms of earning cause they usually have thirsty for more and Laszlo might be one of the first GPU miner but he will still have the little guilt of using 10,000 bitcoin to buy 2 pizza.

Note : we all human not superman.