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Question: What year will we achieve a new ATH?
2019 - 35 (27.8%)
2020 - 51 (40.5%)
2021 - 30 (23.8%)
2022 - 5 (4%)
2023 - 1 (0.8%)
Never - 4 (3.2%)
Total Voters: 126

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21174826 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. (24 posts by 13 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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October 08, 2018, 03:38:52 AM


Very interesting metric from http://coinmarketbook.cc

So coins like XRP (77), BCH (69) and XLM (79) have very little liquidity (less than 0.3% of market cap). Whereas something like ETH (2) has 20%. BTC is overwhelmingly the most liquid with 1380% of market cap ready to buy.

https://twitter.com/jimmysong/status/1048954035951345666



Nice catch, micpeep.

Having more than 13x dollars set for BTC buy orders accros various BTC exchanges means that 13 times more dollars are on order to buy bitcoin than the number of bitcoins that are actually in existence  - but concededly the BTC market buy orders are for  BTC prices that are lower than the current BTC price, so that does not indicate that those dollars are willing to buy BTC at current prices, go figure?  

On the other hand, using that the metric of that same website (coinmarketbook.cc) there is no other coin that even comes close to approaching BTC in terms of the level of dollars asserting a willingness to buy... ETH comes in second place with buy orders that are a bit more than 21% of ETH's current market cap.

Edit:  Tentatively, I don't have any reason to believe that the information on that website is cooked, as bitserve suggests...   but I am definitely wiling to consider evidence to show that the information is "cooked"

Kind of shows how much shit (and misinformation pump some of the other coins are).  The pumpers of various other coins try to present information as if there is more demand behind their shit coin projects than actually exists, and frequently those various shit coins are merely pumping their product based on relatively low liquidity rather than a much more demand-based and fundamentally solid market (such as in bitcoin).
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Hueristic
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Doomed to see the future and unable to prevent it


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October 08, 2018, 03:43:02 AM
Merited by bones261 (2)





Paashaas
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October 08, 2018, 03:51:00 AM

Sidechains are bringing ICOs to Bitcoin. In this case RSK brings ETH to Bitcoin.

https://www.coindesk.com/sidechains-are-bringing-icos-to-bitcoin-and-that-might-change-crypto-funding/
JayJuanGee
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October 08, 2018, 04:22:30 AM

So I've been so bored that I have been 100xing leverage on the bitmex testnet. I actually have made 600 theoretical dollars. :/ this does not make me feel better. So bored.



Why not practice with real money rather than "testing"?

Playing around with 100x seems likely to be a long term losing proposition, even if you might come out profitable in the short term.  That's probably why you are playing on test, rather than real.
JayJuanGee
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October 08, 2018, 04:34:02 AM
Merited by LFC_Bitcoin (1)

via Imgflip Meme Generator

The ones that says : breakout anytime soon.... ,that are mostly the ones i watch  Roll Eyes

Maybe i’m too big of a BULL from time to time Grin

Well, we are in bitcoin for a reason, and that reason is to prepare for it to go up.  So finding sources with similar perspectives seems to be a good thing.

Of course, we should not want to get caught up in fantasy, and we need to be prepared for down.. yet we already know that there are a lot of party poop peeps out there who are projecting down, and they seem to have less justification for their position than the UP proponents - especially if we attempt to consider longer term time lines the probabilities seem to lean further and further into the bullish direction.. short term can sometimes be another story... .. even though "break out anytime soon," can even take place when the BTC price seems to be going down..  Has happened before, will happen again.
elrippos friend
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only hodl what you understand and love!


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October 08, 2018, 04:51:01 AM

Nice Lambo in Sydney



I know that it's McLaren 570S

Nice Lambo from the britts  Grin
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October 08, 2018, 08:00:41 AM
Merited by xhomerx10 (1), HairyMaclairy (1)


I'm not thrilled with the fact that they are holding over 150K BTC in one multisign address, even though it is a cold wallet. Hopefully it is more than a 2 of 3 multisign; otherwise, all one needs to do is compromise 2 of 3 keys to steal that amount of BTC. Bitfinex already had multisign addresses compromised in the past. Also, it would have been nice if they gave us some kind of supporting document listing their fiat holdings.

Edit: Just looked. It's a 3 of 6 multisign. I guess that is a little better.  Huh I certainly hope they have the 6 keys stored in separate locations and have a way to airgap the signing process.

I bet it's something like this:

bitserve
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October 08, 2018, 08:39:31 AM


Edit:  Tentatively, I don't have any reason to believe that the information on that website is cooked, as bitserve suggests...   but I am definitely wiling to consider evidence to show that the information is "cooked"


If you really believe there are 1.6 *TRILLION* USD already parked on the exchanges waiting to buy BTC (at whatever price, no matter how low) then it is ok. I, on the contrary, would need to be shown evidence of that outrageous claim to even consider it a remote possibility.

Other than that I guess it's just a matter of faith.
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October 08, 2018, 09:01:52 AM

Nice Lambo in Sydney



I know that it's McLaren 570S

Nice Lambo from the britts  Grin

I would prefer this McLaren:


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October 08, 2018, 09:50:08 AM

Nice Lambo in Sydney



I know that it's McLaren 570S

Nice Lambo from the britts  Grin

I would prefer this McLaren:




I'd take this, when they used to be fast:

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October 08, 2018, 10:11:04 AM

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October 08, 2018, 10:15:03 AM
Merited by crypmike (1), StartupAnalyst (1)

In Communist China, Bitcoin hodls you
@cnLedger https://twitter.com/cnLedger/status/1049201252628815873
Chinese guy sentenced to 3.5 yrs in prison and pay ~$14.5K in fines for stealing ~$15K worth of electricity to mine 3.2 $BTC. Report says the criminal was mining w/ his 50 miners (5 went broken later) 24x7 for months and profited only ~$1.5K

In ex-Soviet Russia, you just trade Bitcoin like a normal person

(Bitcoin; telephone number; we buy, we sell!)

And in Socialist America, bank robs you.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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October 08, 2018, 10:18:29 AM
Last edit: October 08, 2018, 10:34:20 AM by JayJuanGee


Edit:  Tentatively, I don't have any reason to believe that the information on that website is cooked, as bitserve suggests...   but I am definitely wiling to consider evidence to show that the information is "cooked"


If you really believe there are 1.6 *TRILLION* USD already parked on the exchanges waiting to buy BTC (at whatever price, no matter how low) then it is ok. I, on the contrary, would need to be shown evidence of that outrageous claim to even consider it a remote possibility.

Other than that I guess it's just a matter of faith.

Well, even though I am willing to accept the bitcoin buy order claim of the https://coinmarketbook.cc/ website as tentatively valid (rather than "extra-ordinary" as you seem to suggest), I can understand your point that $1.6 trillion is a lot of mulla.

I remain a bit unclear from where the website (https://coinmarketbook.cc/) is getting their BTC buy support data, exactly. The header of the page says that buy support is derived from the top 10 markets, but then the bitcoin section of the page currently says (and in Micpeep's post) based on 19 markets (without specifying which and without allowing to click a link for more information).  

I don't know whether those BTC related market numbers come from all trading BTC pairs within each of the markets (if markets are exchanges), but I can understand that the BTC buy orders could add up to a lot of bitcoins on order, if they are including all the places where bitcoin is traded or if they include all of the pairs including some of the hedging (which hedging might be a bit more difficult to determine in terms of the form in which the money would actually be there on the exchange - or if that could be fractional reserve rather than real money that is sitting on the exchange(s)).

Maybe someone could point out why the BTC buy order numbers are or are not true (such as from where the "markets" are derived), and personally, I don't have any good reason to doubt the BTC buy order number or that it strikes me as exactly "extraordinary" as you seem to imply - even though admittedly the BTC buy order number does seem to be on the high side.

Seems that you are quite a bit more of the skeptical one than me in this case.

(I was looking for a place to use this gif..... hahahaha)
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October 08, 2018, 10:19:46 AM

we can safely store so! http://docs.electrum.org/en/latest/coldstorage.html
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October 08, 2018, 10:28:39 AM

I'd take this, when they used to be fast:



This one is my favorite   Kiss
I have started to watch F1 from Hakkinen - Schumacher duel


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October 08, 2018, 10:29:42 AM

In ex-Soviet Russia, you just trade Bitcoin like a normal person

(Bitcoin; telephone number; we buy, we sell!)

And in Socialist America, bank robs you.


And we have our stable bitcoin

StartupAnalyst
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The 🧢 WO gang power, help the price of BTC


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October 08, 2018, 10:57:21 AM

And we have our stable bitcoin



I can not say that they are stable, they are often stolen by marginals! Grin Grin


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October 08, 2018, 11:01:34 AM












UP
Phil_S
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October 08, 2018, 11:06:52 AM

Can't stay above $6600 for more than 5 minutes...
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October 08, 2018, 11:07:48 AM

and in the Seychelles, System Overloads You
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