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

[LFC_Bitcoin]

I was just reading about that on Twitter fillippone.

What do you think it will mean/do for the price in the short to medium term or anybody else who wants to add an opinion?

[Arriemoller]

What about harvesting human organs from those people.. Of course the world doesn't dare complaining to the CCP because of economic reasons.



https://www.haaretz.com/world-news/.premium.MAGAZINE-a-million-people-are-jailed-at-china-s-gulags-i-escaped-here-s-what-goes-on-inside-1.7994216

OR, they are holding and reeducating muslim terrorists and potential terrorists to safeguard the people.
Unlike the western democracies who cuddle them and let them in to their countries so they can commit terrorist acts against us.

[_javi_]

if you are scared from BAKKT impact on market, then brace for more:

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response to customer feedback, and that ICE Futures US self-certified the contract through the U.S. Commodity Futures Trading Commission (CFTC).

I am afraid time has come to write the option equivalen to my Everything you wanted to know about BTC futures but were afraid to ask! post.
Gigantic work, but has to be done.

...customers will have the choice of options contracts settled with cash, meaning customers receive the fiat equivalent to the contract’s value at expiration, or physically, meaning they receive the actual bitcoin...

Not another tool to gamble and short BTC... 

[gentlemand]

OR, they are holding and reeducating muslim terrorists and potential terrorists to safeguard the people.
Unlike the western democracies who cuddle them and let them in to their countries so they can commit terrorist acts against us.

So you don't believe someone has the right to live the life they were born into in the country they were born into? It's not as if they're sudden frothing converts and out of the average 1 million people of any type only a tiny and pathetic handful will be terrorists.

[fillippone]

I was just reading about that on Twitter fillippone.

What do you think it will mean/do for the price in the short to medium term or anybody else who wants to add an opinion?

I am skeptic on conspiracy theories about impact of futures on price.
I even doubt the price dump we observed in the occasion of launch of futures (both CME/CBOT and, in a smaller extent, BAKKT) were actually connected.

I do think the more instrument we have, the better.
More instrument allows better liquidity and better price discovery.
Bakkt futures were important because, as I wrote a few post back, allowed “slower” institutions to get long bitcoin with less organisational stress.

I sincerely don’t know how options will impact on the situation. I think also Bakkt is simply reacting to a similar announcement by CME, as their are still struggling with future volumes, so I think they are rushing a little with this new launch.

So in a word: impact on price is very limited. I won’t read too much into that.

[sirazimuth]

My first Meme ever, btw. 

Looks like the zucky boy sports a Caesar hairpiece.

[Arriemoller]

OR, they are holding and reeducating muslim terrorists and potential terrorists to safeguard the people.
Unlike the western democracies who cuddle them and let them in to their countries so they can commit terrorist acts against us.

So you don't believe someone has the right to live the life they were born into in the country they were born into? It's not as if they're sudden frothing converts and out of the average 1 million people of any type only a tiny and pathetic handful will be terrorists.

Religion is a choice, if your religion is a potential hazard to the public then I'm ok with that religion being controlled or even banned.
You can't tell in advance who of that 1 million tiny and pathetic handful will be terrorists.

I feel that about all hazardous religions by the way, not just muslims.

I'm also well aware that China is a communist dictatorship and I'm not in favor of that.
But sometimes the reporting is a little to one sided for my taste.
Organ harvesting I do believe is a real thing in Chinese prisons and camps, I have heard a lot about that lately actually, and that I'm of course opposed, but I'm not for freedom of religion.

That is just one of those pc things that was imported from the USA, we didn't have freedom of religion until the 50s in Sweden and it wasn't until the 70s that catolics where allowed to open convents and that worked just fine, And I know it was not that different in the UK.

Freedom from religion I'm all for however.

EDIT: pk to pc.

[infofront]

Here's a snippet of one of the wonderful and valuable exchanges from yesterday's congressional Libra hearings:



https://twitter.com/tomselliott/status/1187033479395061761

[infofront]

Organ harvesting of non-coiners is cool with me, as long as the harvesters accept bitcoin.

[LFC_Bitcoin]

Organ harvesting of non-coiners is cool with me, as long as the harvesters accept bitcoin.

When we’re rich we can all gather & pay NOCOINERS to fight to the death at some kind of secret venue.

Last man standing gets 0.01BTC, a fantastic steak, wine & gets to party with the illustrious COINERS.

[LUCKMCFLY]

New highs are seen in the Bitcoin Hash.

Bitcoin hash rate continues to make new highs despite the weaker market

Consuming ~3x+ more electricity than when BTC peaked in Q4 2017 - ~80 TWh annually

Marginal production cost of 1 BTC excluding hardware ~$5,260 currently  & will double next yr post halving...

Source:@skew_markets

[makrospex]

Looks like the zucky boy sports a Caesar hairpiece.

Maybe he just got his haircut prepared for the head side of a minted version of libra for advertising?

[realr0ach]

When we’re rich

[MFahad]

Quantum thingy....

"Our machine performed the target computation in 200 seconds, and from measurements in our experiment we determined that it would take the world's fastest supercomputer 10,000 years to produce a similar output," Google researchers said

All lies. It's just modern propaganda to scare the masses. There is no such thing as QC.

Why Bitcoin holders are too much nervous ..

You tell them anything and they start dumping  

[LFC_Bitcoin]

When we’re rich

Just so you know if I sold my bitcoin’s & spent all the fiat on silver (looking at the price of around 1kg = £500) I’d probably fill a couple of large cargo trucks.

[realr0ach]

Cameron Winklevoss:

”The fact that the price of bitcoin isn't surging today illustrates just how early and misunderstood this asset is.“

If Facebook is really a DARPA/CIA project called Lifelog designed to try and surveil the lives of everyone on the planet, and the Winklevoss were involved in that, and now the Winklevoss are also involved in Bitcoin...a 'blockchain' surveillance system designed to...surveil the lives on everyone on the planet, maybe using anything the Winklevoss are involved in is not such a great idea.  Also not a good sign Winklevoss went to Harvard and Gavin went to Princeton when the CIA attempts to recruit moles mostly from Ivy league schools.

[Searing]

the price dropped a lot and you know what that means? it's time for analysts to come in to make their predictions

Joel Birch:

“I do believe that Bitcoin eventually will exceed $20,000, and I think that any price below $8,000 is a good price to buy.”

Cameron Winklevoss:

”The fact that the price of bitcoin isn't surging today illustrates just how early and misunderstood this asset is.“

if the price were $100,000 and dropped to $90,000 they would be complaining because it fell

My 'comfort' point is $11,111.12 (you can figure out my BTC stash using MATH from this).

Whales don't have this problem, they hit their comfort level when Bitcoin was in the 100's of dollars.

Thus they can play this market like a flute! Also 'Miner Capitalization' is in full force now as well, for ANY ASIC, BTC or Altcoins. It is a frigging rout!

Don't forget this little bit of treachery. Why we will likely, IMHO, never get an ETF. The "powers that be" want Bitcoin Futures to keep the market unstable, IMHO, and

keep 'legit' Institutional Investors out' of Bitcoin. This works well to do so. See link:

https://www.coindesk.com/trump-administration-popped-2017-bitcoin-bubble-ex-cftc-chair-says

Just saying, we still may be in for a long haul on price coming back to $10,000 USD. I hope I'm dead wrong!

Brad

[realr0ach]

Just so you know if I sold my bitcoin’s & spent all the fiat on silver (looking at the price of around 1kg = £500) I’d probably fill a couple of large cargo trucks.

You can fit a million dollars of silver in a small broom closet stacked to the ceiling, so if you could buy "several cargo trucks" of silver you would be stupidly rich already.  You probably also can't even find several cargo trucks of silver for sale.  Not even from the Crimex.  If they're forwarding all these EFP contracts to London, do they even have ANY physical silver at all???  Probably already in a state of technical default.

[markj113]

Just so you know if I sold my bitcoin’s & spent all the fiat on silver (looking at the price of around 1kg = £500) I’d probably fill a couple of large cargo trucks.

Seen as your quoting £'s silver isnt the best investment in the UK due to VAT applied.

Try gold, at about £38k a kg you wont have the same cargo truck issues lol.

[realr0ach]

^As I said, even if you're Warren Buffet you probably couldn't find "several cargo trucks" of silver for sale.  You're going to see a lot of people who thought they were rich swimming naked in the future with absolutely nothing to their name.