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

[toknormal]

Armstrong on Bitcoin:

https://www.armstrongeconomics.com/world-news/cryptocurrency/bitcoin-v-gold/

[1714059843]

1714059843

[1714059843]

1714059843

[JayJuanGee]

In other news, what is WO take on giving btc to your own children? Worth it or idiotic since they don't know how to hold it safely?

I've been giving each of my progeny -- chillens and grandchillens -- one BTC (and one BCH ((and one BSV)) ) each year since years.

I look at the addresses each year to see how they're doing with them. All hodled tightly except for minimal percentages of daughter and one son, in whom I have instructed on the incremental laddered standing order plan.

Your practice alone is going to cause a BTC supply shortage.  Just think about the many poor folks around the world who are not even going to be able to own .1 BTC and many of your progeny will have several BTC each.  

By the way, the bcash variants are not likely to have and impact on the world in any kind of meaningful way, and if they hold them more than a few years, they are likely to increasingly decrease in value - perhaps even faster than the dollar, so likely they should spend those bcash variants first.   or better yet, convert them into BTC. #gresham's law

[JayJuanGee]

Armstrong on Bitcoin:

https://www.armstrongeconomics.com/world-news/cryptocurrency/bitcoin-v-gold/

Who cares what that dweeb has to say?   

[BTCMILLIONAIRE]

Would you be so kind as to enlighten me on slippage? In what way would it screw with trading?

I would assume the implication was that: if real volume be truly that large, then slippage should be much less than that experienced.

I understand the correlation between volume and slippage, but I'm not sure how exactly those contracts work as I've never used or read into them.

[JayJuanGee]

In other news, what is WO take on giving btc to your own children? Worth it or idiotic since they don't know how to hold it safely?

I've been giving each of my progeny -- chillens and grandchillens -- one BTC (and one BCH ((and one BSV)) ) each year since years.

I look at the addresses each year to see how they're doing with them. All hodled tightly except for minimal percentages of daughter and one son, in whom I have instructed on the incremental laddered standing order plan.

Your practice alone is going to cause a BTC supply shortage.  Just think about the many poor folks around the world who are not even going to be able to own .1 BTC and many of your progeny will have several BTC each.  

By the way, the bcash variants are not likely to have and impact on the world in any kind of meaningful way, and if they hold them more than a few years, they are likely to increasingly decrease in value - perhaps even faster than the dollar, so likely they should spend those bcash variants first.   or better yet, convert them into BTC. #gresham's law

Building a family dynasty? I like it, until the grand kids trades it all for Facebook coin.

I had already expressed a couple of years ago that I don't think it is a good idea (especially giving a whole coin each year... that is ridiculous)... but whatever.. it is a child rearing choice that is totally within his discretion.

[Last of the V8s]

Slightly different, but my Dad left a coin a year to a charity. It was pretty cunning, but is effing annoying for me, especially as he left me a lot less.

[infofront]

True, but it won't add years to your life (in most cases) and would not make you richer (on paper) as well.
Guys would be limited in children visitation rights (and, yes, in more than 90% cases children stay with mom).
It's all theoretical, as I never divorced.

Oh, sure, there's downsides as well as upsides, but I meant more in a moral sense. Being divorced doesn't make you a bad person. A country's divorce rate doesn't make the country a bad place.

Being divorced doesn't make you a bad person. It just guarantees you a place in hell. 

[HairyMaclairy]

So he claims it will be at least 6 years until we return to ATH, on no evidence whatsoever.  

I read into the blog that blogger subscribes to the 'time stretch between successive peaks' theory.

I find it ignorant of the underlying economics of the issuance halvening cycle, but it seems at least more than 'no evidence whatsoever'.

That’s fine but he should present some evidence of time stretch. Otherwise it is assuming the outcome.  

[El duderino_]

True, but it won't add years to your life (in most cases) and would not make you richer (on paper) as well.
Guys would be limited in children visitation rights (and, yes, in more than 90% cases children stay with mom).
It's all theoretical, as I never divorced.

Oh, sure, there's downsides as well as upsides, but I meant more in a moral sense. Being divorced doesn't make you a bad person. A country's divorce rate doesn't make the country a bad place.

Being divorced doesn't make you a bad person. It just guarantees you a place in hell. 

Being divorced does only make you ONE thing i guess.... to be much more CAREFUL

[HairyMaclairy]

Would you be so kind as to enlighten me on slippage? In what way would it screw with trading?

I would assume the implication was that: if real volume be truly that large, then slippage should be much less than that experienced.

Yes.  In a nutshell. 

[HairyMaclairy]

Would you be so kind as to enlighten me on slippage? In what way would it screw with trading?

I would assume the implication was that: if real volume be truly that large, then slippage should be much less than that experienced.

I understand the correlation between volume and slippage, but I'm not sure how exactly those contracts work as I've never used or read into them.

The particular trade that I found galling had me enter a stop loss at $xx93 (which was below a major support point).  The price fell through the support and the sell order executed at $xx20, which is $73 in slippage.

The most slippage I have previously experienced on breaking major support was $13 on Bitstamp at a much higher price (therefor far lower slippage in both nominal and percentage terms).

This leads me to believe that either: (a) Bitmex has exceptionally poor liquidity or (b) their proprietary trading desk is front running trades or (c) they are deliberately discriminating against fish in the order book.

The net result is the same.

While there are some complexities around whether one uses the last, mark or index price as trigger, it really all comes out in the same place.  None of this should be impacted by the particular rules of the instrument, and this was not a liquidation (I have never been liquidated and don’t intend to start).

I have had a number of other trades on Bitmex where my slippage has been about 10x what I would expect.   Given that Bitmex supposedly has 10x the volume of Bitstamp and 10x liquidity, something is rotten in the Seychelles.  I would go so far as to say either they are front running their own customers or their organic volume is about 1% of what they claim.  

[bitserve]

Would you be so kind as to enlighten me on slippage? In what way would it screw with trading?

I would assume the implication was that: if real volume be truly that large, then slippage should be much less than that experienced.

I understand the correlation between volume and slippage, but I'm not sure how exactly those contracts work as I've never used or read into them.

The particular trade that I found galling had me enter a stop loss at $xx93 (which was below a major support point).  The price fell through the support and the sell order executed at $xx20, which is $73 in slippage.

The most slippage I have previously experienced on breaking major support was $13 on Bitstamp at a much higher price (therefor far lower slippage in percentage terms).

This leads me to believe that either: (a) Bitmex has exceptionally poor liquidity or (b) their proprietary trading desk is front running trades or (c) they are deliberately discriminating against fish in the order book.

The net result is the same.

While there are some complexities around whether one uses the last, mark or index price as trigger, it really all comes out in the same place.  None of this should be impacted by the particular rules of the instrument, and this was not a liquidation (I have never been liquidated and don’t intend to start).

I have had a number of other trades on Bitmex where my slippage has been about 10x what I would expect.   Given that Bitmex supposedly has 10x the volume of Bitstamp and 10x liquidity, something is rotten in the State of Seychelles.  I would go so far as to say either they are front running their own customers or their organic volume is about 1% of what they claim.  

Makes sense. OR... maybe traders at Bitmex are *WAY* more prone to using leverage and stop loses which causes *HUGE* slippage due to "cascading" than Bitstamp traders. Think about it... it also makes some sense.

[HairyMaclairy]

Assuming it’s all completely innocent, we still end up in the same place. Bitmex does not have an acceptable level of liquidity to support market orders. Which is kinda important. 

[HI-TEC99]

Interesting stat: Belgium has a very high divorce rate (70%).

Nothing wrong with divorce.

True, but it won't add years to your life (in most cases) and would not make you richer (on paper) as well.
Guys would be limited in children visitation rights (and, yes, in more than 90% cases children stay with mom).
It's all theoretical, as I never divorced.

Which of these life phases are you up to? The marriage phase of your life, or the having kids phase?

[El duderino_]

^
Bearmarket

[PuertoLibre]

Interesting stat: Belgium has a very high divorce rate (70%).

Nothing wrong with divorce.

True, but it won't add years to your life (in most cases) and would not make you richer (on paper) as well.
Guys would be limited in children visitation rights (and, yes, in more than 90% cases children stay with mom).
It's all theoretical, as I never divorced.

Which of these phases are you up to? The marriage phase of your life, or the kids phase?

Even university doesn't teach to student how to survive in wild capitalism. They are supposed to teach us about the fake money(illusion) and fake history...

[realr0ach]

Assuming it’s all completely innocent, we still end up in the same place. Bitmex does not have an acceptable level of liquidity to support market orders. Which is kinda important.  

Why are you even pretending bucketshops aren't scams BY DEFINITION.  "Support market orders" It's not a fucking market.  It's like a guy standing in an alleyway with 3 cups telling people to guess which one the ball is underneath.  The Dow and Comex are scam bucketshops too.  

[Arriemoller]

Good evening bitcoiners, just a comment from Sweden passing by

This was written in 1989, sounds familiar? https://www.apnews.com/bd45c372caf118ec99964ea547880cd0

[realr0ach]

Jewish shitcoiner featured on Daily Stormer (any dumbass with the word "anarcho" in their description is a shitcoiner).  I wonder which one of you this guy is:

https://dailystormer.name/anarcho-vegan-jew-records-video-trying-to-get-toddler-daughters-to-consent-to-sex-with-him/

[HairyMaclairy]

Good evening bitcoiners, just a comment from Sweden passing by

This was written in 1989, sounds familiar? https://www.apnews.com/bd45c372caf118ec99964ea547880cd0

Are you a heavy cigarette smoker Arie?