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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 24 (18.9%)
1-10% - 16 (12.6%)
11-20% - 15 (11.8%)
21-30% - 18 (14.2%)
31-40% - 7 (5.5%)
41-50% - 14 (11%)
51-60% - 9 (7.1%)
61-70% - 5 (3.9%)
71-80% - 4 (3.1%)
81-90% - 2 (1.6%)
91-99% - 3 (2.4%)
100% - 10 (7.9%)
Total Voters: 127

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21788152 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. (148 posts by 37 users deleted.)
El duderino_
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December 12, 2018, 10:04:43 PM

I really have absolutely no fucking idea what the price is gonna do next.

It's easy.

Micgoossens = dumb money
JayJuanGee = stupid money
Elwar = insane money

Just do the opposite of whatever they're doing.

and whats roach money ? if there is any
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El duderino_
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December 12, 2018, 10:05:01 PM


who??
LFC_Bitcoin
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December 12, 2018, 10:08:59 PM

I really have absolutely no fucking idea what the price is gonna do next.

It's easy.

Micgoossens = dumb money
JayJuanGee = stupid money
Elwar = insane money

Just do the opposite of whatever they're doing.

and whats roach money ? if there is any

no money
slowlyslowly
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December 12, 2018, 10:10:43 PM


Every court including WO has to have a jester.  Craig plays that role with his outrageous claims. He should be thanked (not ridiculed) for stepping up to the role. Go Craig baby.

 
JimboToronto
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December 12, 2018, 10:12:09 PM


Nobody important.
VB1001
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December 12, 2018, 10:14:34 PM

"What Is Bitcoin?"
Topped Google's 2018 What Asked Trending List
The most searched definition in the U.S. and U.K. in 2018

Do not worry about the price.
The rocket will be ready soon.



https://www.bnnbloomberg.ca/what-is-bitcoin-topped-google-s-2018-what-asked-trending-list-1.1182297https://www.bnnbloomberg.ca/what-is-bitcoin-topped-google-s-2018-what-asked-trending-list-1.1182297
El duderino_
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December 12, 2018, 10:16:33 PM


hey jimbo btw write down your price guess Wink

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December 12, 2018, 10:20:53 PM

Every court including WO has to have a jester.  Craig plays that role with his outrageous claims. He should be thanked (not ridiculed) for stepping up to the role. Go Craig baby.

Fair enough, except that a jester actually tries to be funny. C.W just bumbles his way into being a joke.

I think he's less of a jester and more of a laughingstock.  Cool

hey jimbo btw write down your price guess Wink

Which price? Did I miss something?
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December 12, 2018, 10:25:06 PM

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

Personally, i don't fully buy that doom-and-gloom scenario because other cryptos did not have futures, yet declined even more, hence not a clear cut picture.

Would btc-settled futures like bakkt and/or 'physical' ETF objectively helpful in this fight or not?

Of course, if some some major fiat currency would experience hyperinflation, then btc would benefit, but this scenario is not very conducive to day-to-day life.

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).


Seems to me that you have to buy BTC in order to sell them, so can be a question regarding how long these folks can continue to get BTC to sell to send the price down, even if settled in dollars , aren't the shorts going to get reckt as some point if people are not willing to sell their BTC and there is not enough BTC to fuel the various contracts that are settled in dollars?
El duderino_
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December 12, 2018, 10:29:02 PM

Every court including WO has to have a jester.  Craig plays that role with his outrageous claims. He should be thanked (not ridiculed) for stepping up to the role. Go Craig baby.

Fair enough, except that a jester actually tries to be funny. C.W just bumbles his way into being a joke.

I think he's less of a jester and more of a laughingstock.  Cool

hey jimbo btw write down your price guess Wink

Which price? Did I miss something?

https://bitcointalk.org/index.php?topic=5083242.0

yes
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December 12, 2018, 10:29:49 PM

I really have absolutely no fucking idea what the price is gonna do next.

It's easy.

Micgoossens = dumb money
JayJuanGee = stupid money
Elwar = insane money

Just do the opposite of whatever they're doing.


That doing the opposite worked really well for you roach?  When you sold all of your bitcoins in the sub $600 price arenas?  Be honest, relatively speaking, how's that "doing the opposite" working for you?
VB1001
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December 12, 2018, 10:30:52 PM

Read the article, it's interesting.

Bitcoin – Big Wallet Moves, But Not Big Price Spreads on Today’s Market

https://warriortradingnews.com/2018/12/12/bitcoin-big-wallet-moves-but-not-big-price-spreads-on-todays-market/
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yes


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December 12, 2018, 10:34:51 PM


An opinion. You know what that's worth nowadays  Roll Eyes
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December 12, 2018, 10:46:23 PM

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

Personally, i don't fully buy that doom-and-gloom scenario because other cryptos did not have futures, yet declined even more, hence not a clear cut picture.

Would btc-settled futures like bakkt and/or 'physical' ETF objectively helpful in this fight or not?

Of course, if some some major fiat currency would experience hyperinflation, then btc would benefit, but this scenario is not very conducive to day-to-day life.

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).
It'd be very clear cut if Bitcoin really got tanked due to futures (which I don't buy into, since they're basically like those Turkish betting parlors all over Europe).

But let's assume that was the case, then altcoins would inevitably follow suit because the majority of their volume is denominated in BTC and thus directly following Bitcoin's price.

Furthermore, if there's any indicator that Bitcoin will be tanking it would be fairly easy to short alts for fiat and then rebuy alts at a cheaper per BTC rate with cheaper Bitcoins (obviously comes with elevated risks).

Basically, Bitcoin down = make double the money by shorting shitcoins. So the connection between futures tanking Bitcoin and altcoins tanking even more is crystal clear once you crunch the numbers.

Again though, I don't buy that futures had anything to do with anything. They were just there at the "right" time to appear to be relevant. You don't rally from 1k to 19k without a massive correction.
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December 12, 2018, 10:53:53 PM

Example of CME Group:

When compared to the rest of the contracts traded on the exchange operator worldwide, Bitcoin futures are insignificant, weighing only 0.03% of all trading at CME Group.


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December 12, 2018, 10:56:02 PM

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

Personally, i don't fully buy that doom-and-gloom scenario because other cryptos did not have futures, yet declined even more, hence not a clear cut picture.

Would btc-settled futures like bakkt and/or 'physical' ETF objectively helpful in this fight or not?

Of course, if some some major fiat currency would experience hyperinflation, then btc would benefit, but this scenario is not very conducive to day-to-day life.

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).


Seems to me that you have to buy BTC in order to sell them, so can be a question regarding how long these folks can continue to get BTC to sell to send the price down, even if settled in dollars , aren't the shorts going to get reckt as some point if people are not willing to sell their BTC and there is not enough BTC to fuel the various contracts that are settled in dollars?

Nope, you don't need to do anything with the underlying (bitcoin) in order to buy/sell futures, which settle in cash (not bitcoin).
Same occurs on the stock market where since 1987 PPT regularly buys S&P500 futures (during crashes) to bring the underlying S&P up.
They save the money this way, lol. It's $-efficient.
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December 12, 2018, 10:57:44 PM


Cool. Thanks.

$7900
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December 12, 2018, 10:58:49 PM


wrong thread to give the $ number for the bakkt game.
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December 12, 2018, 11:01:04 PM

Aww man, there's a 1300 buy spoof order on Bitfinex.  Looks like we'll drop. Sad   Hate when they do that, it always goes the opposite direction.  Except when they put the big sells in then everyone dumps. DOH
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December 12, 2018, 11:01:46 PM
Last edit: December 12, 2018, 11:33:59 PM by HairyMaclairy
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Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

Yes.  

You need to understand the distinction between absolute scarcity and relative scarcity.   https://sfugeog322.wordpress.com/2012/01/19/absolute-and-relative-scarcity/

None of the other commodities which are controlled by the futures market have absolute scarcity.  Gold can easily be mined, pigs can be bred, marginal cropping land can grow more corn.

Many of us, including many on this wall, are now dedicated to slowly, gently buying physical all the way down, no matter how deep it goes or for how long. Holders of last resort will create conditions of absolute scarcity.  

The reality is that the poor performance of gold and silver markets is a reflection of poor organic demand for precious metals, combined with elastic supply.  People like Roach blow this up into a global conspiracy so that they can avoid taking responsibility for their own poor investment decisions.  There is undoubtedly short term manipulation in almost all markets, but whales can only push the price in directions that the price already wants to go.  

For the record I do not think that the current downward price pressure on Bitcoin is a manipulation. I think it is a perfectly natural and organic reaction to a blow off top.




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