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

[JayJuanGee]

World’s First Crypto ETF to be Listed Next Week in EU

https://www.chepicap.com/en/news/5281/world-s-first-crypto-etf-approved-in-switzerland.html

An ETP is the umbrella term under which ETF's belong, which is a specific product-type within this wider range. The general tendency both in the marketplace and the media is to use ETF and ETP as perfectly interchangeable terms.

https://twitter.com/IamNomad/status/1063851395827273729?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1063851395827273729&ref_url=https%3A%2F%2Fwww.chepicap.com%2Fen%2Fnews%2F5281%2Fworld-s-first-crypto-etf-approved-in-switzerland.html

From  one of the images, it looked like about 50% and then the rest is a mixture of various shitcoins, including etherum, bcash, litecoin and ripple.  In fact a lot of  shitty ripple.



Do they reapportion from time to time?  Seems a bit crazy to diversify so much into bullshit, and if there were some kind of reason that justified a preference for a ETF rather than buying bitcoin directly, then at least 75% in bitcoin would feel a bit more comfortable (rather than getting caught up with too much extra risk with various shit-projects), at least from my perspective.

[JayJuanGee]

if, if, if

What you all grumpy about bbear?  

'bbear'? That's a new one.

ANYWAY..., I'm not grumpy. I'm just pointing out that your hypothetical is dependent on several 'ifs'. None of which are anywhere near certain to come to pass.

Aren't all hypotheticals based on "ifs" and the further out we go (the more legs) the lower the probabilities become.  I don't tend to present matters with certainties, anyhow, so I remain unclear why you seem to be reacting stronger than seemingly reasonable.

By the way, if you are attempting to keep investing in all of the fork camps or hedging, it does not seem like a very good strategy, and even having any decent proportion in bcash - rather than just keeping that in bitcoin would have been a much better strategy.

I understand that strategies and apportionment ideas can change over time, but hopefully both you and PeterR (remember he was advocating 50/50 btc/bcash) have wisened up a bit, prior to the forking baloney that, so far, seems to be causing a decent amount of  wealth extraction - at least in terms of the btc trading pair... but maybe there is still hopium with your whole crowd that it is all going to work out.. and future pumps are coming.. I would not really proclaim to know short term, even though my long term prospects are going to be heads and shoulders above you and PeterR in terms of my bearishness about anything related to bcash - in terms of its relativeness to overall bitcoin fundamentals.

[bitserve]

if, if, if

What you all grumpy about bbear?  

'bbear'? That's a new one.

ANYWAY..., I'm not grumpy. I'm just pointing out that your hypothetical is dependent on several 'ifs'. None of which are anywhere near certain to come to pass.

Aren't all hypotheticals based on "ifs" and the further out we go (the more legs) the lower the probabilities become.  I don't tend to present matters with certainties, anyhow, so I remain unclear why you seem to be reacting stronger than seemingly reasonable.

By the way, if you are attempting to keep investing in all of the fork camps or hedging, it does not seem like a very good strategy, and even having any decent proportion in bcash - rather than just keeping that in bitcoin would have been a much better strategy.

I understand that strategies and apportionment ideas can change over time, but hopefully both you and PeterR (remember he was advocating 50/50 btc/bcash) have wisened up a bit, prior to the forking baloney that, so far, seems to be causing a decent amount of  wealth extraction - at least in terms of the btc trading pair... but maybe there is still hopium with your whole crowd that it is all going to work out.. and future pumps are coming.. I would not really proclaim to know short term, even though my long term prospects are going to be heads and shoulders above you and PeterR in terms of my bearishness about anything related to bcash - in terms of its relativeness to overall bitcoin fundamentals.

Ironically, jbreher and peterr are now in opposing camps of the "hashwar".

Who would have said a few months ago?

[yefi]

there are now so many sides and factions that surely some of these people wind up pumping and cheerleading the wrong one for a few days until they figure it out and flip again, and by that time there's another sect they need to join.

And some of them still think there's going to be a flippening. Dear me.

[jojo69]

flippening any minute now...   ...   ...

[bitserve]

Ironically, jbreher and peterr are now in opposing camps of the "hashwar". Who would have said a few months ago?

there are now so many sides and factions that surely some of these people wind up pumping and cheerleading the wrong one for a few days until they figure it out and flip again, and by that time there's another sect they need to join.

Yeah, it is getting ridiculous. I wonder how long until either ABC or SV split again because they can not / don't want to reach consensus... and how many levels deep they can go on with the forkings. Maybe until each and every one of them gets to have his own useless forked chain?

[infofront]

there are now so many sides and factions that surely some of these people wind up pumping and cheerleading the wrong one for a few days until they figure it out and flip again, and by that time there's another sect they need to join.

And some of them still think there's going to be a flippening. Dear me.

One or the other.

[infofront]

Ironically, jbreher and peterr are now in opposing camps of the "hashwar". Who would have said a few months ago?

there are now so many sides and factions that surely some of these people wind up pumping and cheerleading the wrong one for a few days until they figure it out and flip again, and by that time there's another sect they need to join.

I find it a little funny that Bcash SV is probably the better of the two forks, objectively (closer to "the original bitcoin", etc.). However, CSW has such a toxic reputation that most bcashers are supporting Bcash ABC out of spite for him, and love for Ver.

I distinctly recall many times over the past year when people declared Bcash a cult of personality, and the bcash response was that the personalities involved are irrelevant. Why are most users following Bcash ABC then?

[Elwar]

You know what happens when you're caught on the wrong side of history?

Nothing...you're dead. Doesn't matter to you by then. Don't worry about what future historians will say, they're likely to be ignorant twats.

[jbreher]

Ironically, jbreher and peterr are now in opposing camps of the "hashwar".

As I have said several times, I have a soft preference for SV. But I can live with ABC as well.

But whatevs. I have a sneaking suspicion the hash war has barely had its first skirmish. We shall see.

[Ibian]

You know what happens when you're caught on the wrong side of history?

Nothing...you're dead. Doesn't matter to you by then. Don't worry about what future historians will say, they're likely to be ignorant twats.

Or. You die.

Imagine if you happened to be a ruski, and you saw the fifty million corpses about to be stacked up ahead of time. Wouldn't that be an advantage, a being on the right side of history? Well, most were not.

[AlcoHoDL]

Bcash... What a forking mess...

I'm glad I stayed clear of this shitcoin (and its cancerous byproducts)...

BTC has dropped a lot, yes. But even now, my net gain is far beyond my wildest dreams, as I'm sure is the case with most true HoDLers. Just imagine what will happen when Carolina wakes up and the Choo-Choo starts moving again... And it will.

Keep HoDLing, keep your keys secured, and lose those (BTC) keyrings, you don't want anyone to know what you own (remember the $5 wrench method)!

[kenzawak]

Stress Test Results

ABC mempool: https://jochen-hoenicke.de/queue/#2,24h

SV mempool: https://jochen-hoenicke.de/queue/#3,24h

[JayJuanGee]

Ironically, jbreher and peterr are now in opposing camps of the "hashwar".

As I have said several times, I have a soft preference for SV. But I can live with ABC as well.

But whatevs. I have a sneaking suspicion the hash war has barely had its first skirmish. We shall see.

Well part of my earlier question, that caused bitserve to make that comment, related to attempting to get your thinking about hedging your bets with a seeming sinking ship that is likely losing value overall relative to bitcoin - and likely to continue to do so because it seems to be made up of a bunch of misfits who cannot figure out how to compromise on anything.... while also having had established a culture that both encourages forks and bullshit like that and believes that there is something broken about the high consensus requirements of bitcoin that actually cause bitcoin to be difficult to change, but ultimately stable in terms of forks not really gaining much of any of its value, at least so far. 

Anyhow, it would be nice to hear about how guys like you and PeterR are considering or reconsidering their various allocations including allocating towards various bcash forks and allocating towards bitcoin.  I wonder if PeterR is still evangelizing 50/50 for example or some kind of equivalent allocation in each of the shit forks as well as maintaining bitcoin at a certain equivalent ration .. which really does not make a lot of sense when you get into the grit of it.. I mean who would want to put much of anything in any of those forks.. maybe beyond 10% of the value of the bitcoin.. but if some guys have a really lot of wealth that they have accumulated, they might be willing to gamble more of it, perhaps?  Doesn't seem prudent, even if you are rich.. but hey, pumps could sometimes pay off, I suppose

[JayJuanGee]

Stress Test Results

ABC mempool: https://jochen-hoenicke.de/queue/#2,24h

SV mempool: https://jochen-hoenicke.de/queue/#3,24h

What does it mean?  Can you explain your links?

[Last of the V8s]

Sell shoes, sell even hat, buy dip, stare floor.

[d_eddie]

Today I'm going along with the "It's all manipulation, whales are in control" school of thought.

So I got to think that we won't get back to 8k and beyond without a violent, swift, scary long squeeze. Hairy suggested Tuesday or earlier. Jojo said maybe later. My SOMA timeframe is somewhat longer, but I am still hopeful we might be done by year's end.

[El duderino_]

Today I'm going along with the "It's all manipulation, whales are in control" school of thought.

So I got to think that we won't get back to 8k and beyond without a violent, swift, scary long squeeze. Hairy suggested Tuesday or earlier. Jojo said maybe later. My SOMA timeframe is somewhat longer, but I am still hopeful we might be done by year's end.

Always keep the HOPIUM thought like Maybe the worst is already been played.....
Its just the Nice thing about BTC everything is possible

[lightfoot]

Well, there's a lot going on with the chain: Blockchain.info is reporting 3,000 tps.

Summary    Status:Connected
Total Fees    270.12662831 BTC
Total Size    1646533.03 (KB)
Transactions Per Second    3000.71

https://www.blockchain.com/btc/unconfirmed-transactions

Even if their math is crocked, this is way higher than the normal 3-15 tps.

[d_eddie]

Well, there's a lot going on with the chain: Blockchain.info is reporting 3,000 tps.

Summary    Status:Connected
Total Fees    270.12662831 BTC
Total Size    1646533.03 (KB)
Transactions Per Second    3000.71

https://www.blockchain.com/btc/unconfirmed-transactions

Even if their math is crocked, this is way higher than the normal 3-15 tps.

Is that spam or something stirring?

From a sabotage point of view, spam looks mostly useless at the moment (it would have made sense a week or so ago). But what do I know? Come on, WO pundits, offer your take on this!