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

[jojo69]

he just means there is no bonus for actually bringing the noise

[nutildah]

Happy Sunday, y'all. A little something for everybody.

[arklan]

he just means there is no bonus for actually bringing the noise

ah, right.

as to the ...next post... i... i have many questions.

none of which i actually want to be answered.

[jojo69]

Happy Sunday, y'all. A little something for everybody.

holy fucking trollioio

[LUCKMCFLY]

Is a interesting chart...

Last 7 days BTC netflows across 11 exchanges. Data by
@thetokenanalyst
 (I've used our enterprise websocket feed to generate this chart) #btc #onchain

Source: https://twitter.com/madewithtea/status/1203255944009961473

Average monthly spreads, expressed as a percentage of the price, range from 0.045 percent on Coinbase in March, to 0.304 percent on itBit in July. For comparison, bid-ask spreads on Vanguard ETF products right now range from 0.01 percent to 0.09 percent.

Exchanges' activities on the bitcoin network tend to follow predictable patterns, indicating net inflows. However, large balances often move in unpredictable ways and it can be difficult to distinguish the flow of capital from a change in custodial practice

Source: https://www.coindesk.com/bitcoin-volatility-is-up-liquidity-stagnant?utm_source=dlvr.it&utm_medium=twitter

Once again good work, LUCKMCFLY, even if I think 2 of 3 graphs need more analysis.

Please tell me what should I read in the first chart: I see an horizontal line of dots without any meaning, to me at least. Also: what is an inflow? Fiat inflow? Or everything inflow? In any case: how do you measure it? If I weren’t a polite person I would say that graph is garbage.

Second chart is very interesting: 10 BTC is quite an institutional size, I see many guys willing to trade 10 BTC at once. I am quite surprised seeing Coinbase topped ho that list. Also surprises me seeing Gemini so in the back seats.

Third graph, again it would be interesting, but we know too little about storage management from exchanges to infer really useful informations.
 

Hi fillipone, thank you very much and of course I published that 1st chart because I associated it directly to the data offered by tensorcharts.com:



 In the yellow box that I remarked belongs to the volume zone, each ball represents data of purchases and sales, where it is an indication of the number of operations by volume, when the translation is made in the volume it seems as if it were linear, and that's why it looks horizontal and they did it for several Exchanges, it's like a compendium of the same, I found it interesting to show it.


The second and third chart I show because I want to emphasize something interesting, they only limited to show the 10BTC trade, and they do it to inform according to:

 
 https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Where they wanted to capture this information through the graph, and as you say we know very little about the storage management of exchanges to infer very useful information.

And according to this I think 2 things that have helped me a lot:

1.- As there is no consolidated Volume for the Bitcoin market, these statistics are not completely reliable, but it brings me closer or gives an idea of ​​what may be happening over the years.

2.- I have learned that when in the part of (100-1000) BTC when it reaches 75-80% it gives me confirmation that the bullish trend phase began.( It is currently at 61.87%, according to the table.)
Of course, it is my way of seeing and taking advantage of these graphs and it helps me to identify the phases of the market well, starting from this premise because that is when the offer ends, representing 75-80% of accumulated bitcoins and is ready to raise price.

Note: I think that there is still no consolidated volume where I take into account all the existing volumes in all Exchanges, because they do not take into account the volumes of Korean Exchanges, some of localbitcoins and that information is very important, however I consider that many Strong Hands do they have this tool through development that some programmers have implemented and they pay for them, only for their exclusive use.

And tensorcharts.com is one of the tools that I have achieved very useful because the green and red volume part represents: green = purchases, red = sales, has a very real order book, and the version that is through payment offers a profile volume well adapted to reality.

[Paashaas]

Grayscale Bitcoin Trust stock in top 5 by millennials, while Gen X and Boomers....



https://www.businesswire.com/news/home/20191204005172/en/Schwab-Report-Self-Directed-401-Balances-Hold-Steady

[lightfoot]

Quick question: I'm doing some side mining with a rebuilt S9 I got for nothing. Checked the stats page and it says foundblocks=1.

Did this thing solve a block? Sure I'm at Slush, so I get zilch, but if so that would be an unusual thing....

 Well slush found a block about 4 hours ago.  Is that the time frame?  Congratulations!
https://www.blockchain.com/btc/block/000000000000000000113776dc80fef4bc3c41a1eb07261e92536d8f8e0c3af7

Within the last day, which is the last time I rebooted the thing. Kind of neat if so. And yes, nothing wrong with slush, I do remember some pools would give a slightly larger reward to the finder of the block to protect against withholding attacks...

Party on dudes!

[infofront]

Grayscale Bitcoin Trust stock in top 5 by millennials, while Gen X and Boomers....



https://www.businesswire.com/news/home/20191204005172/en/Schwab-Report-Self-Directed-401-Balances-Hold-Steady

Very interesting

[DaRude]

Happy Sunday, y'all. A little something for everybody.

Interest choice for a lambo. Roach is having a heart attack in 3..2..

[DaRude]

Grayscale Bitcoin Trust stock in top 5 by millennials, while Gen X and Boomers....



https://www.businesswire.com/news/home/20191204005172/en/Schwab-Report-Self-Directed-401-Balances-Hold-Steady

Very interesting

Can't wait till ETF

[VB1001]

Here begins the story of the hats?
This is the whole story or do you want to add more details?

Tell me more.

we were talking about hats earlier in the morning, which is why Hairy gives out a hat later in the day
i'd say it started here, but then i would. note rosewater's participation at that time( - miss him )
https://bitcointalk.org/index.php?topic=178336.msg46903843#msg46903843
https://bitcointalk.org/index.php?topic=178336.msg46908482#msg46908482

Thx, V8

[realr0ach]

if you play games, seen the recent release a couple of weeks ago of the Age of Empires 2 Definitive Edition? i had a hand in it from the quality assurance side.

All I know is Borderlands 3 was garbage and has the system requirements of accurately rendering physics for what happens to JayJuanGee falling into a black hole while having graphics 10% better than Borderlands 2.  They even snuck some bizarre, little, hunchback, Jew character into the game that randomly uses the word "schlep" every two seconds.  Most fun games nowadays are just not AAA titles.  The last AAA game I played that was decent or better was probably Dragon Age 3.  Otherwise, the two best games of recent memory are King's Bounty and Metro 2033 redux.

[AlcoHoDL]

11 = 3

True. As are the following:

11 = 9
11 = 13
11 = 17
11 = 21
11 = 1001
11 = 1011
11 = 10001

The possibilities are endless...

[VB1001]

11 = 3

True. As are the following:

11 = 9
11 = 13
11 = 17
11 = 21
11 = 1001
11 = 1011
11 = 10001

The possibilities are endless...

11 = (VB)1001

Cointegration is used by hedge funds in pairs trading (statistical arbitrage). Since #bitcoin stock-to-flow and price are cointegrated, and S2F is predetermined, pairs trading is IMO an interesting asymmetrical return opportunity: btc can go to zero, or 10x. What do you think?

https://twitter.com/100trillionUSD/status/1203403201913008128



First coffee of the day, good sunday.

[mindrust]

By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer of.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.

Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss.

Trying to get useful service from a notary will be coming next. I'll keep you updated.
Bad luck, i cut my index finger today with a mitre saw, because of plain stupidity. I teared off the protection cover of the blade, because i damaged it with a piece of copper sheet that slipped and hit the lifting mechanics of the protector, so it became stuck. After the very next cut, when the blade was still rotating powerless, i made a stupid move and my index finger got hit by a few sawteeth. When the shock kicked in two minutes later, i had to sit down on the floor and almost had to vomit.
It's still slightly bleeding after hours and correct surgery, so my visit to the notary could take a little while and i'll cut down on typing for some days.

Wrong move on so many levels.

Haven't you heard these kind of news before?

https://www.nytimes.com/2019/07/19/business/safe-deposit-box-theft.html

Once you lose what's inside it is pretty much impossible to get back ESPECIALLY,

When it is a volatile asset.

If it was a bag of gold what was lost, the bank would probably cover you. But when it is somthing you can't explain its value, they are fcked.

Let's say you went to the bank and declared that some insider thief stole your private keys from your box. They don't know how much you had in that box. You can say it was 1000000 btc or anything.

They simply can't take that kind of risk. That's why they ignored you.

[HairyMaclairy]

So an update.  We have made good progress in the last couple of days since the most recent post below.  The short term downtrend line has been invalidated by the price breaking sideways.  Which is a good thing, although we still need to do something about this downwards channel we are in.  

Looking forward to seeing which of these lines holds.  Hopefully it is the base line support coming from down below.  



Some context for that base line

New chart below - you can see we have broken through the mini downtrend.  It's almost like we are starting to get support from the deep....  Support from the deep could help us break upwards out of our current down channel.  



If support from the deep can hold, it can carry us back up to $14k towards the end of next year.  Which would nicely position ourselves for a run at a new ATH in early - mid 2021.  Which would be right on schedule.  Obviously it wont be in a straight line, but you can see the intended principle for a V shaped recovery.

[realr0ach]

These clown charts haven't addressed the gorilla in the room:  the Elwar reverse indicator - the #1 most accurate Bitcoin prediction tool.  He was in here talking about attempting to invade other countries with seasteads again just a day or two ago, so you can probably get ready for the next leg down.

[psycodad]

back on, these things always seem to take longer than you think

What country makrospex?

Never, ever, trust a bank "safe" deposit in the US, the banks raid them on the regular.

I'm in central europe, on the countryside. There are different measures over here, but you never know, right? Somehow i'm glad they didn't call, i might have got involved with their services.

Thought I'd post this link as further deterrent to trust a bank safe no matter where (referring to the country where you'd think you could trust a safe to some degree):

https://www.swissinfo.ch/eng/business/bank-burglary_safe-deposit-boxes-plundered-in-basel/43961252

AFAIK no refunds have been paid to safe owners to date..

On top of that you have to yell "Cukoo" every hour... [1]

[realr0ach]

I'm not really sure why Jew shill Harry McLarry pretends his non-TA "fractals" have any significance or meaning.  It's gotta be the most lazy, incompetent form of TA anyone can possibly do.  But the charts aren't even really repeating. Like the two below, he doesn't even attempt to apply any form of meaning to the fact one 'fractal' broke upwards and the latest one broke downwards.  Like all shitcoin scammers, he just sort of pretends the chart is somehow guaranteed to always go up no matter what.  If that is your claim, than you're saying it's a literal Ponzi scam by default.

[JayJuanGee]

By the way:
This week i was up for a visit to the bank. A bank of which i am not a customer of.
As i don't really want to keep my seeds and (future) paper wallets at home, i asked for the price of a safe and if the contents are insured an all.
Mr. bankster asked me about the value and physical size of the entities i plan to put in there, so i said it would be foldable paper and a handful of items of the size of a matchbox. When he asked me for the value, which determines price and insurance, i said it is volatile in value and it might be anything between x1 (by current btc price) and x100 or even more in the next 30-50 years. So Mr. bankster said he has to contact his boss, who is the local manager of the safe, who in turn should call me on the same afternoon for speaking about details and possibilities.
I never heard of them again, no call from either of the two.

Well, this leaves me with the impression that safes seem to be a pain in the ass for banks (or this bank only, idk).
I found it quite unfair to base the price to rent a safe on the value of the content. Insurance, yes, that didn't surprise me that much. Seems like they out the amount which was estimated the value of the safe contents for. I can't just pay only for the safe and insurance covers the value of all that's in it, in case of physical desctruction, theft and loss.

Trying to get useful service from a notary will be coming next. I'll keep you updated.
Bad luck, i cut my index finger today with a mitre saw, because of plain stupidity. I teared off the protection cover of the blade, because i damaged it with a piece of copper sheet that slipped and hit the lifting mechanics of the protector, so it became stuck. After the very next cut, when the blade was still rotating powerless, i made a stupid move and my index finger got hit by a few sawteeth. When the shock kicked in two minutes later, i had to sit down on the floor and almost had to vomit.
It's still slightly bleeding after hours and correct surgery, so my visit to the notary could take a little while and i'll cut down on typing for some days.

1st) the person who you spoke with at the bank who is checking with the manager might not be getting back to you because they are still looking into the matter, to the extent that they understand the question.

2nd)  I find real problems with your attempt to get a bank involved to insure bitcoins that you safeguard in a safety deposit box or whatever you are doing with that.
I doubt that they even need to know what you have in your safety deposit box and the value of it (especially when it comes to the bitcoin aspect of it, because the bitcoins [eg keys] should not be only in one place, anyhow).  Furthermore, hopefully you are storing one back up or one aspect of your bitcoins in such safety box rather than your ONLY ability to access it.  Don't get me wrong, I am not against the idea of having either a back up or part of a key in a safety deposit box, but I see no reason to either tell the fucktwat bank managers about the contents of your box or the significance of it, or to attempt to insure such contents, but that does not mean that you should not be taking measures to ensure your coins in various kinds of means, whether it is using back ups or multi-sig or some variation of those kinds of security measures.  Of course, passing on your estate and considerations like that will likely involve instructions to second and or third parties that may or may  not know their instructions until after your passing (if that were to happen.. or should I say when it happens and if you have bitcoin at the time?).

back on, these things always seem to take longer than you think

What country makrospex?

Never, ever, trust a bank "safe" deposit in the US, the banks raid them on the regular.

Additionally:  What jo-squared said.

[edited out]

No need for a safe. With Bitcoin, you are the bank! Just follow these simple steps:

1. Get a Trezor or Ledger.
2. Initialize it and write down the recovery seed.
3. Use an additional passphrase and keep it in your head (don't write it down).
4. Transfer your coins to that wallet (seed + passphrase).
5. Store the seed (but not the passphrase) in 3-4 separate places.
6. Done! Your coins are more secure than any vault in Zürich.

That's the beauty of Bitcoin. Being non-physical has its perks!
Now, try to do this with gold or silver...

Agreed about everything you said, AlcoHoDL, except there might be some need to write down the additional pass phrase for a few reasons 1) in case you get brain trama or otherwise detained, 2) to pass down to heirs and 3) possibly other related reasons