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

[d_eddie]

Stay away from Thailand.

They will try to get your money by giving you a choice between death, life in Thai prison (a fate worse than death) or all of your bitcoin.

The lucky get out while they can.

Yep.  Especially if you poke them by engaging in arguably illegal conduct.  Go figure?

Elwar laid his seasted OUTSIDE the territorial waters. What the Thai govt did was a unilateral move not explicitly granted by the specifics of international law.

oooooooo
am being slow here
is that why they came after Elwar
not because sovereignty issues
but because they heard you were an OG coiner

Hahahahahaha

What a convenient spin.  

I don't think V8 is way off. The truth probably lies in the middle. If it came down to an arrest, I'm sure Elwar's stash could have helped with milder sentencing or even getting away with it entirely, depending on the complexity of the situation or the degree of corruption of the relevant Thai officials.

Oh I am starting to see.  Individuals like Elwar should be able to just state his territory anywhere he likes, even if he does not have an armed forces to back him up... and nation states should just roll over and allow that?

-snip-

O.k.  So individuals are equal to states.  Hm?

Well, Raven in Snow Crash was. The matter is, he had a nice toy to ease the opponent's compliance to international law. What would have happened if Elwar had a few nuclear missiles auto-activated by hostile fire? It's just like the constitutional right to own a firearm, only taken into the international arena. As erre pointed out, China's building not seasteds but outirght war stations in the sea, and no one says a word. I don't support or even condone the insane arms race we're witnessing, but what international law eventually boils down to is who's got the biggest dick.

China is making military bases on artificial islands in international waters, and this seems to be fine (or at least debatable) for international law.

Sorry for the OT rant. Well, partially OT since it contains the word bitcoin (you just read it didn't you?). It's that these things really trigger me.

[realr0ach]

[JayJuanGee]

Trading disclosure for peeps who are interested.

My short is very happy now! Unfortunately, I haven't managed to make it even with the long after yesterday's minidump. And I've been too timid in general. I should have made it much larger than the long - even double! With a tight stop on only half of it (evening it out with the long in case of a ramp up, but keeping it nicely plump if/while she kept going down). Well, hindsight is 20/20. I would have been even happier now, and I could have closed both positions with a net profit.

As it is now I'm still in the game, but it will take one more bounce up to make me whole - or some more risk on the short - which at this relatively low price, I'm unwilling to take.

What do you mean by "make me whole"?   Are you valuing your situation in fiat?  If you made some profits from BTC's price going down and you have accumulated some more BTC from BTC's price going down, then relatively speaking, you are better off from BTC's price going down than guys like me who are merely engaging in longs only.

I'm valuing my situation in btc only. The matter is I've got an open long that is hurting. The short being as much as the short, my actual margin situation is stationary: I can't actually gain anything unless I cash some short (which I have, but not that much) AND the corn goes back up at least a little. The situation would have been better if I'd inflated the short in the ballpark of 2x the long - or at least to a larger size than the long. In that case, I would sit on larger profits and could cash out 1/2 of the short position and get even - or even more and be net positive, so closing both legs would leave me in the green. I was too wimpy to do that, because of my discomfort with shorting the corn.

O.k.  That makes sense.  I am sure that there can be some fun in the "living and learning" situation, and even attempting to figure out ways in which you can be consistently more profitable...   

Thus, my whole networth has gone down about the 70% or more as much as BTC's price drop to the amount of my number of BTC's

Same here! Same for all hodlers, actually. All my trading only happens with a small fraction of my btc holdings - the "play stash" or play money - and I only refer to that small fraction whenever I report the whereabouts of my trades.

Yep.... Maybe in the end, we are on similar grounds when the vast majority of our BTC holdings is in the background in HODL status rather than playing around with it?
 

I do buy physical once in a while - when I can or feel like it, and without a steady ladder approach. I reserve most of my cool head thinking for my trading, and treat physical btc purchases as impulse buys (well, I do wait for dips of course )

 Makes sense.   

When we were mostly staying above $10k for a long time, I had scheduled several extra buy orders (like injecting more cash into the system) in the $9.4k to $10k range, with some ponderings about whether I should just market buy at higher prices or to just let matters play out, in terms of a potential BTC price drop, and surely we now know how that played out.  Every single one of my extra orders were executed.  So, it ended up that I wasn't being overly conservative, go figure. 

consider what ignored JJG has to say

hahahahaha  

I kind of like this moniker... In my thinking, the only way to improve it would be to add a few more adjectives such as "[the nosey pain-in-the-ass no homo] ignored JJG".  

Don't get too nosy, or someone could call Batman upon YOU.  

Yep.  None of us are immuned.  What comes around goes around. 

 

[JayJuanGee]

Stay away from Thailand.

They will try to get your money by giving you a choice between death, life in Thai prison (a fate worse than death) or all of your bitcoin.

The lucky get out while they can.

Yep.  Especially if you poke them by engaging in arguably illegal conduct.  Go figure?

Elwar laid his seasted OUTSIDE the territorial waters. What the Thai govt did was a unilateral move not explicitly granted by the specifics of international law.

O.k.  So maybe Elwar should make a claim in front of the International Tribunal for Human Rights?  Good luck with winning a verdict, but if the law is on his side, he might be able to prevail.

oooooooo
am being slow here
is that why they came after Elwar
not because sovereignty issues
but because they heard you were an OG coiner

Hahahahahaha

What a convenient spin.  

I don't think V8 is way off. The truth probably lies in the middle. If it came down to an arrest, I'm sure Elwar's stash could have helped with milder sentencing or even getting away with it entirely, depending on the complexity of the situation or the degree of corruption of the relevant Thai officials.

 I thought that I was agreeing with V8 and suggesting that Elwar was trying to spin matters in terms of how many rights he is proclaiming to have.  Seems to me that you are going to have a hard time fighting any state on these kinds of matters, even if the actual location happens to be outside of their official boundaries.

Oh I am starting to see.  Individuals like Elwar should be able to just state his territory anywhere he likes, even if he does not have an armed forces to back him up... and nation states should just roll over and allow that?

-snip-

O.k.  So individuals are equal to states.  Hm?

Well, Raven in Snow Crash was. The matter is, he had a nice toy to ease the opponent's compliance to international law. What would have happened if Elwar had a few nuclear missiles auto-activated by hostile fire? It's just like the constitutional right to own a firearm, only taken into the international arena. As erre pointed out, China's building not seasteds but outirght war stations in the sea, and no one says a word. I don't support or even condone the insane arms race we're witnessing, but what international law eventually boils down to is who's got the biggest dick.

We don't disagree.

China is making military bases on artificial islands in international waters, and this seems to be fine (or at least debatable) for international law.

Sorry for the OT rant. Well, partially OT since it contains the word bitcoin (you just read it didn't you?). It's that these things really trigger me.

These seem to be fair topics, even though some of us might disagree about how related they are to bitcoin, and around the time a bit before that Elwar got chased by the Thai authorities, I was not really very excited about Elwar's having had been pumpening of his seastead stakes in this thread, but whatever there seems to be some attempt to relate the matter to bitcoin, and some of us might get riled up again, if there starts to be attempts to sell some of the products and things like that.

[d_eddie]

Maybe in the end, we are on similar grounds when the vast majority of our BTC holdings is in the background in HODL status rather than playing around with it?

Yes. I don't even consider myself a trader, since it is a side activity - small stake and a small income - and I get out of trading for longish stretches of time.

[makrospex]

Freedom is not something due to us from the states, even first-word democracies. Freedom was a conquer, and it still is. States don't want anyone to be free from their influences, they would prefer to in control.
Seastanding is something about freedom, and so it is bitcoin.

Individual freedom is a threat to every authoritative system. In Austria, early this year, 24 members of the self called "state league" were arrested, because they didn't obey to the government. Many preppers amongst them, almost all with rightist political orientation. Groups like this were forbidden by law in the process of crushing it.
I don't think freedom is possible easily on earth, at least it could become a nightmare without proper ethical rules, which in turn would not allow individuals to be really "free". There were some important psychological-ethical discussion that all came to the conclusion that freedom is impossible to achieve in societies, primarily because social relationships are based on dependencies. Also, love, for example, wouldn't be possible without (inter)dependency.

Freedom or anarchy are not the absence of rules. All models of anarchy (I.e. chomsky's anarcho-syndacalism) require people to collaborate on the base of rules and common ethic.
But you are free to left the society if you don't like the rules or you think they are not ethical.

I'm not a tinyfoil hat type, but it's clear that we are going in the direction of governments regulating every aspect of life everywhere, they have the will and, for the first time in history, the means to do it.

That's ok if I like the rules, but if I don't like them I have no place to go anymore. In an hundred years the word could become a totalitarian fascist state in a 1984-like  fashion, all we need is a couple wars and people stop fighting for their freedom.

Using btc you have rules (the protocol) which you have to agree if you want to participate, but you can refuse to use bitcoin or fork it if you don't like the rules. But you can't opt-out of state rules or fork the society, and this lead to criminality and conflicts.

Elwar was basically forking, and we should be able to do it.

Most likely (imho) governments are well aware of the ongoing eradication of the middle class. So it's either rich or poor in the future, and history has shown, that this constellation includes lots of risks for the establishment, and that's why the upper class has take measures to keep the lower class controlled.
But as always in history, any movement in any "direction" of humanity or human society is followed by a countermovement. Times of rightist politics always were followed by leftist episodes, and vice versa. At the time we are on the way in the "right" direction, as counterswing to the "left" centuries after WW2.

The discussions i was referring to were about psychological freedom, thus pure, unregulated freedom. Not necessarily comparable with anarchy or peace-love-unity and the likes. We saw what charles manson did to the latter, basically killed the dream, but being the symptom instead of the cause of the 1968's quick fade.
Mankind also tends to repeat mistakes.

[JSRAW]

Trump : shez 3rd rate politician.....

[El duderino_]

Mic, resisting of quoting the houseTROLL, but yes I did found him, still bouncing .... must be the missed out on BTC-syndrome

[LFC_Bitcoin]

Mic, resisting of quoting the houseTROLL, but yes I did found him, still bouncing .... must be the missed out on BTC-syndrome

#preciousmetals



#blamethejews

[SidETH]

Being bored with these prices...
What platform do you guys use to long bitcoin?

[xhomerx10]

Oh great!  Now the Canadian military is going to be lead by scum who are beholden to American scum... or some such thing.



Is this election interference?  I can't tell anymore. Buy Bitcoin!

[El duderino_]

[Ludwig Von]

Maybe in the end, we are on similar grounds when the vast majority of our BTC holdings is in the background in HODL status rather than playing around with it?

Yes. I don't even consider myself a trader, since it is a side activity - small stake and a small income - and I get out of trading for longish stretches of time.

Same here, I even do not short-long positions, only limits, based on pure intuition, no TA, just looking at what the whole world is doing... . (Well advised by JJG about ladders up and down). 75% works out well, 25% fails. No point. BTC goes up, ADC sometimes goes up, sometimes goes down. All in all, no other investment would have returned what corn honeybadger did. But let 's not forget : it is unrealised profit as long as we live in a fiat world. (That is why I still hold significant in gold) Not to please Roach, be assured of that! 

[El duderino_]

Bitstop has installed a Bitcoin ATM at the Miami International Airport, now the 130th machine in the United States.

https://twitter.com/Cointelegraph/status/1184589406696542209?s=20

[Lambie Slayer]

... Stop dumping fellas.

Personally, I am not dumping any fellas.
Are you implying, though, that it's raining men?

Forgot to say no homo, my b. 

[Lambie Slayer]

Thanks v8 , ed, mic, jjg, lfc, vapourminer, lambie , italian sttalion, jojo, vroom,nutilduh,Pamoldar, Hueristic, xhomer, info,mindrust and everyone. It means you too roachie 

congrats

[El duderino_]

[Lambie Slayer]

Careful out there peeps. Fudsters are working hard to get us under 7700.

https://www.zerohedge.com/crypto/feds-bust-worlds-largest-dark-web-child-porn-marketplace-following-bitcoin-trail

[Ludwig Von]

Careful out there peeps. Fudsters are working hard to get us under 7700.

https://www.zerohedge.com/crypto/feds-bust-worlds-largest-dark-web-child-porn-marketplace-following-bitcoin-trail

Dugh, it is just all their customers running to the exit... . 

[Ludwig Von]

dodo, me too! With Ghent Chateau queen!