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

[eddie13]

NY OAG 'Virtual Markets'* investigation :: Key Finding #2:

Trading Platforms Have Yet to Implement Serious Efforts to Impede Abusive Trading Activity. Though some virtual currency platforms have taken steps to police the fairness of their platforms and safeguard the integrity of their exchange, others have not. Platforms lack robust real-time and historical market surveillance capabilities, like those found in traditional trading venues, to identify and stop suspicious trading patterns. There is no mechanism for analyzing suspicious trading strategies across multiple platforms. Few platforms seriously restrict or even monitor the operation of "bots" or automated algorithmic trading on their venue. Indeed, certain trading platforms deny any responsibility for stopping traders from artificially affecting prices. Those factors, coupled with the concentration of virtual currency in the hands of a relatively small number of major traders, leave the platforms highly susceptible to abuse. Only a small number of platforms have taken meaningful steps to lessen those risks.

Under what pretense are any of these aspects 'abusive'? Seems like they wish to be gratuitously prohibitive of legitimate trading patterns.

What am I missing here?

* What a stupid characterization. There is nothing virtual about these markets. Although they trade in virtual assets, the markets themselves are very much real.

They want to be the only ones that can manipulate the market..

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[Hueristic]

crazy dump and pump is going on and nobody is talking about it. engage the 1minute chart, it's popcorn time

Oh boy. This is fantastic. Someone probably has lost a lot of money in this trap.

Now that is what I call a bear trap. Bottom shorters just got massacred!

Watching the volume on that new toy! Rekt all over the place on bitmex.

NY OAG 'Virtual Markets'* investigation :: Key Finding #2:
What the hell does identity and location of customers have to do with fairness and integrity?

Insider Institutional language translation of "not our manipulators".

[eddie13]

Jesus! I love bitcoin!

Jesus thats... Jesus. What is your leverage? Thats noooooice!

Watching the volume on that new toy! Rekt all over the place on bitmex.

What is this new toy? sauce me baby. I only know of the twitter rekt page.
 
Does anyone know of a good strategy to spot shorts and longs? What kind of tools do you guys use for bitmex?

Posted a couple days ago in here by someone else, sorry, can't remember who.
https://tucsky.github.io/SignificantTrades/#

https://tucsky.github.io/SignificantTrades/#

Me

You're welcome

This strange spike on the chart remind me of a spike just like it on that ETF decision.. iirc it was when BTC was around $1k ish?
Around the time segwit failed maybe..

I think it was about the same chart pattern when that ETF got denied, and the market quickly decided that it didn't care or something like that..


My line from the same post as the new toy actually..




It looks like this dump broke my line and then the spike saved it..
Maybe they don't want the line broken yet?
OR, they broke the line on purpose for that technical pattern as a bear trap to make people dump as a couple people are saying..
It does look manipulative..

[HairyMaclairy]

Have there been any projects working toward combining lightning and hosting data/bandwidth? Like "pay me 1 satoshi/Mb per day or I drop your data".

Even if it’s encrypted, how do you trust a third party random to reliably host your data?

With enough 'third parties' (AKA storage nodes), and an erasure coding layer, this is a solved problem. How do you think Google, Amazon, et al do it? It is not by guaranteeing unlimited uptime for any individual storage node. It is by making the reliability of each individual storage node irrelevant, by employing intelligent redundancy in a layer above the hardware.

Define ‘enough’ third parties under the following constraints:

• you must pay each member of ‘enough’ to be a reliable host  
• the sum of all payments to ‘enough’ must be significantly less than the pittance currently paid to AWS / Azure for storage  
• the hardware and internet connectivity provider by members of ‘enough’ is best described as a ‘mixed bag'  
• members of‘enough’ include 11 year olds, Billy Bob and itinerant sex workers.  

[Globb0]

7-7200 if that's a flag pole pattern

[Wekkel]

[..]
It does look manipulative..

Manipulative or not, we are staying above $6,0xx for now, which is good. But organic buying pressure to lift us above $6,500 for a genuine rally still seems lacking. Perhaps this second bottom will help people cross that line from bear to bull.

https://bitcointalk.org/index.php?topic=274613.msg45913544#msg45913544

Developing....

[jbreher]

Have there been any projects working toward combining lightning and hosting data/bandwidth? Like "pay me 1 satoshi/Mb per day or I drop your data".

Even if it’s encrypted, how do you trust a third party random to reliably host your data?

With enough 'third parties' (AKA storage nodes), and an erasure coding layer, this is a solved problem. How do you think Google, Amazon, et al do it? It is not by guaranteeing unlimited uptime for any individual storage node. It is by making the reliability of each individual storage node irrelevant, by employing intelligent redundancy in a layer above the hardware.

Define ‘enough’ under the following constraints: (a) you must pay each member of ‘enough’ to be a reliable host and (b) ‘enough’ includes 11 year olds, Billy Bob and itinerant sex workers.  

a) Well, this would be part of the system design. Paying each storage node operator directly is a fool's errand. The system would allocate revenue in proportion to each storage node operator's contribution to the system as a whole.

b) Again, the fact that erasure coding is applied above the raw storage layer ensures that the reliability of any individual node is irrelevant. See a) re: proportional revenues.

A look at Zooko's Tahoe-LAFS may be instructive as a pattern that can be employed for the storage concepts, and a look at Bitcoin for and example of economic incentives engineering may be helpful.

[eddie13]

[..]
It does look manipulative..

Manipulative or not, we are staying above $6,0xx for now, which is good. But organic buying pressure to lift us above $6,500 for a genuine rally still seems lacking. Perhaps this second bottom will help people cross that line from bear to bull.

https://bitcointalk.org/index.php?topic=274613.msg45913544#msg45913544

Developing....

It looks good to me, Double bottoms are great, and overall it looks like the bottoms are on a slight uptrend..
If you don't count the wick of this spinning top candle, and throw it out of your TA as manipulation, my rising support line still stands..

In the long term chart this recent action is just a spinning top..

The Spinning Top candlestick pattern has a single candle. It forms at the peak of an uptrend, the bottom of a downtrend

https://finance.yahoo.com/news/understanding-spinning-top-marubozu-candlestick-130009548.html

it can be an indication of a pending reversal

https://en.wikipedia.org/wiki/Spinning_top_(candlestick_pattern)

So it ALSO may be an indicator of the end of the downtrend.. I'll not get too bullish on it just yet, but their is hope..

[El duderino_]

Putting money on bitmex is kinda like sticking ur dick in gloryhole

Only ur not sure if it’s a gloryhole or a dick guillotine

Haha 

Hitting bed early today hope to see an extension of This in the morning 

[El duderino_]

and BOB ........ if this thing keeps going than cancell the BEAR costume for halloween and perhaps BUY one of these 

[bones261]

Putting money on bitmex is kinda like sticking ur dick in gloryhole

Only ur not sure if it’s a gloryhole or a dick guillotine

Haha  

Hitting bed early today hope to see an extension of This in the morning  

Or perhaps not a guillotine, but Laura Bobbitt on the other end.  

Edit Lorena Bobbitt

[xhomerx10]

^or worse... Lorena

[El duderino_]

^
i think there are many cruelty's possible on the other side , why not this blue waffel thing 
gotta puke by justing thinking of those pic's      (goodnight has gone)

[bones261]

^or worse... Lorena

Oops. Should have used Google.

[jbreher]

^
i think there are many cruelty's possible on the other side , why not this blue waffel thing 
gotta puke by justing thinking of those pic's      (goodnight has gone)

sweet dreams, goose

[Hueristic]

Define ‘enough’ third parties under the following constraints:

• you must pay each member of ‘enough’ to be a reliable host  
• the sum of all payments to ‘enough’ must be significantly less than the pittance currently paid to AWS / Azure for storage  
• the hardware and internet connectivity provider by members of ‘enough’ is best described as a ‘mixed bag'  
• members of‘enough’ include 11 year olds, Billy Bob and itinerant sex workers.

Hey I take offense at that, not saying which part though.

OT (like everything else)

Hah, this is funny.




talk about getting PWned!

[StartupAnalyst]

[realr0ach]

virtual assets

[sirazimuth]

edit 3:

The use and extent of insurance in connection with the business of holding, exchanging, or transacting in virtual currencies is not well understood.

Egregious misspelling unbecoming of an official state agency report.

I must be missing something...
I can't find any misspelling in that quote...much less egregious.

[realr0ach]

i think there are many cruelty's possible on the other side

The cruelty on the other side is the fact that the inevitable evolution of shitcoins is always going to be a dystopian govt control grid resembling the Chinese social credit score system.  To further explain the situation, the philosophy of the so-called (non-Zionist Jew) ruling class is gnosticism.  The goal of gnosticism is essentially instead of being a peon that worships god, the goal is to become god, a god, surpass god, or defeat god yourself.

The part most people are unable to figure out - not that anyone even knows what gnosticism is in the first place - is that gnosticism is virtually no different than Satanism in practice:  do as thou wilt.  There are no real prohibitions on what you can do in either case, and many have speculated that the ruling class posing under this gnosticism banner are really just satanists using an obfuscated label to confuse people.  What does this have to do with shitcoins? Because gold and silver are "god's money".  There is nothing arbitrary about it and it's not a house of cards built on various schemes.  It's just flat out raw nature.

Shitcoins are the diametrically opposing faction.  It's a system of gnosticism created by gnostics.  It's a man-made scheme based around artificial scarcity with no real value whatsoever and an artificial halving get rich quick scam to try and keep it afloat.  They claim to do things better than the noble metals but fail in every single aspect from settlement tool, to durability, to anything else.  Something that can cease to exist at any second has no durability.  The ability to dump them faster than metals simply originates from the fact they had a value of zero in the first place - a "virtual asset" similar to a "virtual girlfriend".  Both are completely useless and easily transferred since you're not actually transferring anything of value at all.