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

[Biodom]

F*** b00ze is talking

You and me both, buddy.

Crazy weather here. Tornado Warning in effect until 5pm or so, but I think the worst is behind us.

Thinking of eating 1g of mushrooms and see how that hits me for the evening.

Life is good.

A tornado could take me out in the next 15 minutes, and I would die a happy man.

Hodl.

EDIT: Not sure if Mushrooms + Beer is a good combo, so considering holding off to tomorrow

Hang it there, pal.
Sounds lame, but I think that told you before that Dallas has tornadoes, strangely enough.
Houston have hurricanes and tropical storms.
In Texas, Austin is optimal since it has a river, hills, less humidity, no hurricanes and younger population.
RE prices are rising, but still ridiculously cheap by Cali measures.
My choices for later (maybe when retired): Oregon, Vancouver, Colorado, Austin and Canary Islands, not necessarily in that order.

[1575914690]

1575914690

[rebal15]

Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Mln Liquidated on BitMEX

https://cointelegraph.com/news/bitstamp-starts-investigation-after-large-btc-sell-leads-to-250-mln-liquidated-on-bitmex

They need to investigate themselves as to why they accept a limit sell order 2000 points below the market price.
That kind of order (not a market sell) should be simply rejected by the trading system (as an error).

It sounds suspiciously like you are suggesting something like curbs or circuit breakers be put in place. Is that really the direction we want to go?

No, not curbs, but if someone fat fingered $6200 limit price sell when market is at $8200, such order is typically automatically rejected on all respectable exchanges (I am not talking only about crypto).
That is not a curb of any sort. I have no problem with that order if it was a market order and it just went down because of low liquidity.
BTW, coinbase pro would not even accept a limit buy order at the ask price or above it. Same (in reverse aka below bid) with a sale, I assume.

Maybe It is market sell that caused a stop loss and liquidation of long positions. The amount of BTC sold became more important brining the price down.

[Toxic2040]

No, not curbs, but if someone fat fingered $6200 limit price sell when market is at $8200, such order is typically automatically rejected on all respectable exchanges (I am not talking only about crypto).
That is not a curb of any sort. I have no problem with that order if it was a market order and it just went down because of low liquidity.
BTW, coinbase pro would not even accept a limit buy order at the ask price or above it.

Its stockholm syndrome or some other similar ailment I am sure. I guess I am just used to the market dumping on my face...I take it in stride now.

I think we have to assume it was a open dump until if and when we learn otherwise.


------------

F*** b00ze is talking

You and me both, buddy.

EDIT2: Can you you imagine that ? A drunk, stoned, and psychoactive-influenced, intellectual, naked black-man, running down the streets of suburban Texas, in horrific weather ? It's like the opening to the next Cohen Brothers film...

@goose
I would go for the Michters personally but all of it will put a bit of hair on your chest.

+1 WOsMerit

@bawb

+1 WOsMerit

I see it.

[BobLawblaw]

https://i.imgflip.com/31b2a9.jpg
Gonna give whiskey another chance, which one should I take??

You could be like Calvin Ayre and go for the Bushmills 10YO.

[ivomm]

Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Mln Liquidated on BitMEX

https://cointelegraph.com/news/bitstamp-starts-investigation-after-large-btc-sell-leads-to-250-mln-liquidated-on-bitmex

Step 1. Call FBI or Interpol. They will block the fiat indefinitely. Good luck to that guy proving his coins are legal. The same old story of BFX guy with 800mln locked by the governments on behalf of the FBI/Interpol. I honestly never heard of someone getting their money back. This incredibly stupid n00b can say goodbye to his money.
Step 2. Call some NY attorney to check carefully all suspicious short positions on the various exchanges - BFX, Bitmex, CME, CBOE, etc. The accomplices should come out.
Step 3. Repeat Step 1 for the suspects.
Step 4. Don't allow more than 10% drop of the price by a single sell (I think Coinbase recently added that feature. I am not sure about that and I don't want to advertise CB.)

[Last of the V8s]

PC Plod can fuck off. wtf Ivo?

[micgoossens]

EDIT: Not sure if Mushrooms + Beer is a good combo, so considering holding off to tomorrow
EDIT2: Can you you imagine that ? A drunk, stoned, and psychoactive-influenced, intellectual, naked black-man, running down the streets of suburban Texas, in horrific weather ? It's like the opening to the next Cohen Brothers film...

[micgoossens]

via Imgflip Meme Generator

Gonna give whiskey another chance, which one should I take??

BTCMILLIONAIRE ??

Live is too short for whiskEy. Good choice having an extra glass of whine instead.

‘Proost’?

'Proost = Dutch (holland), Belgium = Schol or gezondheid .....

[micgoossens]

https://i.imgflip.com/31b2a9.jpg
Gonna give whiskey another chance, which one should I take??

You could be like Calvin Ayre and go for the Bushmills 10YO.

F***  cannot take the same sh*t as that F***er

[Biodom]

I am sorry, but the unfortunate conclusion is that BTC markets are still shitty (which is true at least for bitstamp).
IMHO, crypto markets need to link up and distribute liquidity (split the order routing automatically into multiple exchanges in a situation like this).

Example: $35 mil order of a $143.5 bil asset is just 0.024% of the asset value.
It is the same as if someone would place a sell order of $211 mil in AAPL stock.
Do you think that AAPL would go down 24% as a result?
Of course, not.

[LFC_Bitcoin]

Low price volatility today which is obviously good after the recent fairly significant dump.
Support building at this price which is good.

I’m feeling tired & bored, my flight back to the UK was at 6am today so been awake since 1am.

In the words of mic ‘time to retreat to the HODLCAVE’

Goodnight gentlemen!

[Toxic2040]

1h

[micgoossens]

Wall Street is built on financial engineering.

Bitcoin is built on software engineering.

Which one do you trust?
https://twitter.com/APompliano/status/1129756572534562816

Next Poll ?

[jojo69]

Does crytpoqueeeeen really need 2 glasses of wine?

will you fucking shut up

 

[jojo69]

via Imgflip Meme Generator

Gonna give whiskey another chance, which one should I take??

BTCMILLIONAIRE ??

I'd go for the Bushmills personally, but the water of life is a very personal taste

[micgoossens]

https://twitter.com/RedditBTC/status/1129696975878787072

[Toxic2040]

Next Poll ?

We have 2 hours until closing bell..lets not be hasty.

----------


sorry..someone forgot to put out the memo...guess we will just have to see how it goes.

1h



D

[Last of the V8s]

oh alright

[Biodom]

A ranch for an OG bitcoiner in 2030-2035 (with btc, hopefully, at 7 figures current $ values);

https://www.landsofamerica.com/property/40138-acres-in-Val-Verde-County-Texas/5160408

Low, low $27 mil for a 40 thou acre ranch. This looks almost like a small country.

[600watt]

F*** b00ze is talking

You and me both, buddy.

Crazy weather here. Tornado Warning in effect until 5pm or so, but I think the worst is behind us.

Thinking of eating 1g of mushrooms and see how that hits me for the evening.

Life is good.

A tornado could take me out in the next 15 minutes, and I would die a happy man.

Hodl.

EDIT: Not sure if Mushrooms + Beer is a good combo, so considering holding off to tomorrow
EDIT2: Can you you imagine that ? A drunk, stoned, and psychoactive-influenced, intellectual, naked black-man, running down the streets of suburban Texas, in horrific weather ? It's like the opening to the next Cohen Brothers film...

i shall reserve 1 smerit for you.
and yeah, mushroom is much better without alcohol/tornado. #yolo