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

[HairyMaclairy]

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[bones261]

This needs to be verified but I don't like it at all (sorry if it's a repost) :

https://www.longhash.com/news/bakkt-bitcoin-etf-fail-to-get-green-light-amid-us-government-shutdown

The Bakkt delay is due to the fact that the company requires the approval of the US’s Commodity Futures Trading Commission (CFTC). According to information obtained by Longhash, the shutdown has moved that approval date back to April.

Well, it would be nice to know the exactly who their sources are. Otherwise, fake news.

[JayJuanGee]

https://bitcointalk.org/index.php?topic=5095156.msg49233859#msg49233859
congrats to regulars here who are now on DT2 - means they're pretty well-trusted in the wider forum
bones261
Elwar
gentlemand
JayJuanGee
nutildah

I am surprised because I don't really understand how to use it.  I have not really actively given trust feedback to anyone, so far.

https://bitcointalk.org/index.php?topic=5095156.msg49233859#msg49233859
congrats to regulars here who are now on DT2 - means they're pretty well-trusted in the wider forum
bones261
Elwar
gentlemand
JayJuanGee
nutildah

Been trying to educate myself on the new DT settings & it seems only 5 people have me in their trust settings.
Bunch of bastards, I’ve got loads in mine as well, feeling very unloved

Congrats to those selected for DT2 though.

LFC... I had seen that you had left me positive trust feedback a couple of months ago, but I have not left you any (or anyone else for that matter).  I might have to get around to leaving some trust feedback, at some point?

gentlemand

What the fuck?

I've loudly and longly proclaimed my total lack of understanding of this area.

I'd better outsource this sideline to my click farm in India.

I am not sure about outsourcing, but some kind of ELI5 could help, and yeah, maybe having an assistant could be helpful..?  How does the assistant thing work, MicG(s)?

Finally, someone polite enough to invite the guy in the corner.

I've been lurking since Spring 2012. AMA.

How does it feel to be vastly richer than the mongs in here who've spouted millions of words and achieved very little because of it?

I am supposed to be amongst the most wordy of posters in this thread.  That's what I have been told.

Let's say that I average about 50 words per post, and since I am at a bit more than 14k posts, that would be a bit less than 1 million words... (14,000 x 50 = 700,000).  

[kenzawak]

OTC Buying Pressure Increases

https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/

"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges."

[HairyMaclairy]

OTC Buying Pressure Increases

https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/

"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges."

We heard the same story at $6k.  BS. 

There is genuine organic demand out there but I’m not looking to OTC, Wall Street bonuses or Chinese New Year to right the ship. 

[BTCMILLIONAIRE]

OTC Buying Pressure Increases

https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/

"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges."

We heard the same story at $6k.  BS. 

There is genuine organic demand out there but I’m not looking to OTC, Wall Street bonuses or Chinese New Year to right the ship. 

Year of the Doge will bring dollar parity to Dogecoin though. No doubt about it.

[JayJuanGee]

When I was younger I was able to sleep in the middle of a death metal concert. Now at my middle age, I can't stand a slightest noise. Not just while I sleep but also when I am awake. Sometimes I just want to strangle the people who talk way too loudly. I want to shout at their faces "SHUT THE FUCK UP!"

Btw I bought some more today.

Patience remains a virtue, which should be more adhanced with age.  

I have come to understand that I am a bit less risk taking with personal confrontations as I have aged, because it seems quite likely that my face will not take a punch (or a sucker punch) as easily as I could have tolerated in my youth.

We also are more conscious on what we would have to lose if we "win" the fight. It is not worth it unless for survival reasons.

I was very crazy not so long ago. I have changed a lot too. Life is much easier this way.

Well, yes.

I thought about some of these dynamics too.

Many years ago, when I was 18, and just barely leaving my parent's house, I did not own many assets, and by the time I acquired some education and life experiences, it took me well more than 10 to 15 years to rise out of the negative networth territory.

There are probably other factors, as well, that contribute to willingness to take risks, but I do understand that building wealth takes time, and having a larger stake in the system will cause incentives for less risk taking - especially when facing someone (on the street or otherwise) who appears to NOT have anything to lose by getting in a confrontation (even life or death). 

Of course, previously, we have had this conversation youth or wealth, and it is not like we have any kind of choice to be able to make ourselves more youthful, so there remains some satisfaction to have more wealth - even though I did not really seek wealth in my life pursuits, it has been nice that my life choices still arrived at some semblance of such, including what is currently (remains of) my bitcoin investment.

[bones261]

https://bitcointalk.org/index.php?topic=5095156.msg49233859#msg49233859
congrats to regulars here who are now on DT2 - means they're pretty well-trusted in the wider forum
bones261
Elwar
gentlemand
JayJuanGee
nutildah

I am surprised because I don't really understand how to use it.  I have not really actively given trust feedback to anyone, so far.

I was surprised too. How you get on the Default trust 2 trust list is because someone on the default trust 1 lists manually added you on their trust list. I went ahead into my trust setting, picked heirarchy view and found out that a user named tmfp placed you on their list. You can be removed from DT2 if one more person in DT1 decides to exclude you than put you on.(Or the people who orginally included you remove you from the their trust list) It appears that your name came up in the discussion about the new changes is a list here. https://bitcointalk.org/index.php?topic=5095156.645 Some people are questioning why certain members are now in dt2 with no trust feedback history.  Some pruning is probably going to take place in the next few days. It's up in the air if any of us on the dt2 list will be on it for very long.

[Hueristic]

When I was younger I was able to sleep in the middle of a death metal concert. Now at my middle age, I can't stand a slightest noise. Not just while I sleep but also when I am awake. Sometimes I just want to strangle the people who talk way too loudly. I want to shout at their faces "SHUT THE FUCK UP!"

Btw I bought some more today.

I was playing poker one day and James Woods looks at the guy next to him and says "Why don't you just shut the fuck up!". LOL,
The guy was a real bitch to listen too all day.

[Ibian]

^ @ibian

A "riot" of otherwise civilised citizens is nothing. Not dangerous at all.... How many have died? I don't know, but I don't think that many. Most probably less than people driving their cars (which is an statistically more dangerous activity).

As I said, you need to go other parts of the world (preferably in active war) to find out what humans are really capable of in terms of real life-threatening violence... if that's what you are into.

I wouldn't be surprised you would be scared like a pussy initially.... until you accepted the new reality and turned into full "survival mode".


P.S.: I really don't know how this turned from my preference to have noisy (but otherwise friendly and civilised) neighbours so that we can better come along with each other... to your preference for life-threatening experiences lol

Having slept on it, a few more thoughts.

Violence is not random. There are rules. If you play loud music next to neighbors who you know hate loud music then that's a provocation. You would not be blameless in whatever results from your actions. More info here: http://www.nononsenseselfdefense.com/ and here: http://www.nononsenseselfdefense.com/preattack.html , in particular the first few lines on that page.

As to the rest, some people are psychologically adapted to peacetime. People who like loud music and cops ready to haul people who don't like being forced to listen to loud music away. And others who are adapted for everything else. Those are the two basic psychological profiles that exist. Everything else is somewhere inbetween.

[jojo69]

Lol, went looking through really old PMs as there are a couple people I had trustworthy interactions with back in the day.

Found this...I am more lucky than I am smart.

[Ibian]

depends. youll have to meet our cats standards, which are much higher than ours.

you would also have to be ok with extremely loud music at all times of the day and night, mostly pink floyd, rush, lynyrd skynyrd and other southern rock, and punk. and the music the wife and i play on our instuments; hers played well and mine that sucks. plus random weapons fire at any time.

Sounds like my kinda people. As long as the random weapons fire was responsibly directed, that is.

yup it is. i own 13 acres, all woods. my firing range has a nice hill for a backstop. outside of that i wont fire unless i absolutely have identified the target and i consider it an immediate threat. although i have fired into the air when the occasional wild dog or such shows too much interest in me or the wife.

all in all its mainly a lot of practice rounds to keep my skills honed.

Firing in the air always bothered me. It has to come down, possibly on top of someone. Why not fire into the ground?

[Hueristic]

OTC Buying Pressure Increases

https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/

"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges."

How can OTC figures be verified? It would be nice to see them listed, although I'm sure they would be as fake as the exchanges are.

[Ibian]

^ Just so you can finally shut up repeating the same old argument over and over. Yes, we are going to a cashless society. That is probably already irreversible, it's just a matter of time.
No, I don't think states are supporting Bitcoin for that nor they really need to but if that were the case it would go to the moon first.

Now just fucking stop FFS.

What do you mean we are going to a cashless society?

We are already there.  The only time I have used cash in the past 12 months was when I was defeated by a parking machine in a UK seaside town which would not let me out without a pound coin.  I had to go to an ATM and then to a pub to buy a beer so I could get a coin.  Fucking savages in the UK.

That's a choice on your part. I use mostly cash, don't trust the legacy system at all.

In fact if bitcoin moons and I decide to withdraw enough for a few decades, where am I going to put it? Not in a bank that's for damn sure, but options are limited. Maybe buy a house or five, but other than that...

[infofront]

Lol, went looking through really old PMs as there are a couple people I had trustworthy interactions with back in the day.

Found this...I am more lucky than I am smart.

It seems like pretty much everyone here before 2013 or 2014 got scammed in some way or another.

[Last of the V8s]

OTC Buying Pressure Increases

How can OTC figures be verified? It would be nice to see them listed, although I'm sure they would be as fake as the exchanges are.

They can't really be verified unless you're a member of one of the sites. The sales figures will be a lot less fake, because of escrow/lawyers/basically many eyes seeing a transaction. What is a bit fake is the orders here^. Not all of them will be filled and they can linger on from week to week, as you can kind of work out.

[JayJuanGee]

What if we tried not to engage him for, like, say, a week, and see what happens?

I recall that I had suggested to infofront that he (infofront) should delete some of his (roach's) posts once in a while, just to discourage a certain amount of the off-topicness and obvious desires to divert us from making more meaningful and substantial posts about bitcoin.  Can't know, for sure, unless infofront discloses regarding whether he is deleting some of roach's posts from time to time.

[HairyMaclairy]

OTC Buying Pressure Increases

https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/

"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges."

How can OTC figures be verified? It would be nice to see them listed, although I'm sure they would be as fake as the exchanges are.

OTC is by definition secret.  So good luck with that.  However it is almost certainly onchain rather than exchange transactions which are offchain. So maybe you could work out an onchain analysis.  I have no idea.

[JayJuanGee]

https://bitcointalk.org/index.php?topic=5095156.msg49233859#msg49233859
congrats to regulars here who are now on DT2 - means they're pretty well-trusted in the wider forum
bones261
Elwar
gentlemand
JayJuanGee
nutildah

I am surprised because I don't really understand how to use it.  I have not really actively given trust feedback to anyone, so far.

I was surprised too. How you get on the Default trust 2 trust list is because someone on the default trust 1 lists manually added you on their trust list. I went ahead into my trust setting, picked heirarchy view and found out that a user named tmfp placed you on their list. You can be removed from DT2 if one more person in DT1 decides to exclude you than put you on.(Or the people who orginally included you remove you from the their trust list) It appears that your name came up in the discussion about the new changes is a list here. https://bitcointalk.org/index.php?topic=5095156.645 Some people are questioning why certain members are now in dt2 with no trust feedback history.  Some pruning is probably going to take place in the next few days. It's up in the air if any of us on the dt2 list will be on it for very long.

Hahahahahaha

It could be - easy come, easy go.... ?

My days on DT2 could be numbered?   

I suppose at some point, if I familiarize myself with how to give ratings within the DT system, and start to send out trust feedback, then maybe my placement as DT2 would become less controversial?  Perhaps?   

In providing trust feedback, I just would not know for sure where to begin.  Of course, if I had some kind of commercial trade or interaction with some forum members, then I could start there, but I do not. 

Otherwise, I only somewhat know members from interaction through threads (mostly the WO thread), and it seems not too easy to provide trust feedback on those kinds of thread participation grounds.

Of course, for the basis of my recent memory about interactions with members, if I have sent a lot of smerit to certain members, then perhaps those members would rise to a kind of trust level within my thinking and interactions.

I will have to ponder the matter a bit further before taking any actions.

[nanobtc]

Bitcoin is lower,
Shitcoins are the lowest yet.
I think I'll just hold.