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

[jojo69]

chain monkey flow?

[kurious]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

No way it is true - short the shit out of his coin.

Nothing he has said was ever even remotely convincing so far, why would it be now?

[LFC_Bitcoin]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

If only there were a way for him to prove that they keys arrived and that he truly is (along with Kleiman) Satoshi.

If only...

You mean prove, cryptographically that he is Satoshi Nakamoto by signing a message?

That’s asking for too much

[Biodom]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

No way it is true - short the shit out of his coin.

Nothing he has said was ever even remotely convincing so far, why would it be now?

someone already did at around 0.24 (BFX).
for a moment here BSV>BCH...just an observation since pre-fork btc contains "the multitude", hence it is somewhat relevant to hodlers.

[JayJuanGee]

I don't know about you, but I am a proud Bitcoin hodler. Perhaps you are referring to yourself and your wankcoin?  

Okay, obviously deserved that, but no.

My sincere apologies ivomm, I really thought that it was jonoiv that I was responding to - hence my aggression.
I'm a proud Bitcoin hodler also.

We have not seen jonoiv for a quite a bit of time.

He must be hanging out with bargain boyz, waiting for sub $6k.  Maybe he will get lucky?  Maybe not? 

In the meantime, they got no coins, those dumb fucks.

In the same boat as roach... chasing the train, perhaps if they are smart... likely not.

[LFC_Bitcoin]

Has anybody here ever bought BSV?

Please, be honest guys. I could do with a good laugh.

[Globb0]

/adds LFC to wrench list/

11.1 to 111.1 BTC.
Not bad for a 5$ steel chunck.


https://xkcd.com/538/

Sometime in the future this will be called the $500 dollar wrench attach

[vroom]

chain monkey flow?

[Globb0]

Good afternoon WO!
Observing @ $8,656

Vegeta day?

Haha!
I’m ready

 Such a good feeling

This is why I love you guys. Everyone shares ideas and then somebody runs with them to another level.

Such an awesome thing to be a part of.

[dragonvslinux]

chain monkey flow?

Yes: tensioning of your chain monkey.
Edit: Already got it before the image 

[Globb0]

...

ivomm and WO friends

I wouldn't touch it myself either, but I have never seen a coin with a market cap over $1,000,000,000 go up 96% in one day.   smell a trap.

BTC hodler only.

Fucking hell!

Bitcoin SV (BSV)
£257.05 99.0%

Do you think they’ll dump it & pump it into corn!

Arent they about to have a release where craig and betbuddy can claim all unclaimed coins? I imagine if that's the case it will be right after that moment

[JayJuanGee]

...

It's a good thing I didn't vote in the latest poll.  I would not have foreseen this pump, para nada.

I am wrong some 80% of the time trying to make short-term trades (inc. buying BTC, price goes down immediately after I buy).  That same pattern has always been with me: casinos, put options on the S&P 500, buying gold, etc., bang!, they go down as soon as I buy.

Now I stay away from short-term & rigged games (inc. alt-coins).

BTC and Au: HODL!  Nice diversification, works for me.

BTC and gold are not equal.. not even close.

Of course, each person has to chose for himself, but at the most, I would take the total amount that is invested in BTC/gold and allocate it at least 95% BTC/  less than 5% gold.  Of course, your amount could vary a little bit and still be prudent, but it should not be approaching anything even close to 50/50... my thinking is that gold is only good in an Armageddon-like scenario which has less than a 1% chance of happening, so your portfolio should be less than 1% gold.  You might consider the odds for Armageddon to be higher, so that would justify a higher holding percentage in gold, but I would think that you are unrealistic (of course, somewhat reasonable minds can vary about those kinds of assessments).

[LFC_Bitcoin]

homer is a fucking asshole, always has to go one better

Kidding, love you homer #nohomo

[Biodom]

Has anybody here ever bought BSV?

Please, be honest guys. I could do with a good laugh.

not me, but from a trade point of view would have been a good move yesterday, lol.
I contemplated throwing a thou on it based on a principle of high risk/high reward (and observing a strange move from $80 to $160), but could not make myself do it. Would have been an easy money for a new PC/Mac, etc.

[jojo69]

Has anybody here ever bought BSV?

Please, be honest guys. I could do with a good laugh.

mined some yeeeears ago...as it turns out

[fillippone]

CME did more BTC Options volume on Day 1 than Bakkt did today.
RIP Bakkt
Hardly knew you

Tiny bit early to judge, nonetheless gutting for Rekkt Bakkt

Bakkt trades options eventually settling into real Bitcoins.
CME   trades options eventually settling into shitcoin US Dollars.

Difference is not trivial.

Usual self-promoting ad:
Everything you wanted to know about BTC options but were afraid to ask!

Yeah, but in practice, is it really true?  Are we making a distinction without a difference?

Does BAKKT really have the bitcoins that they proclaim to have?

This is a naive question, bringing me some interesting other question, I will later try to answer.

Go for the naive part: Bakkt has the Bitcoin? YES.
How do I know? Contract specification.

When you own a future, you are constantly (well, at COB) called to margin your positions. This means that when you open a position in a future you are required to post a certain amount of cash along your position. You cannot open a position if you haven’t a big enough amount of cash in a collateral cash balance at the exchange. This amount is set by the exchange to cover the daily variation of the underlying (BTC, in this case, but this mechanism is valid for any underlying). At the end of the trading day this cash  balance is adjusted to reflect the P&L of the future position: money is poured in if your future position has gone in the right direction, otherwise the exchange take from this account the daily loss (and transfer it to your counterpart). In case the residual cash balance is lower than the initial margin, you are called to refill your margins (the infamous “margin call”, or to close forced into closing the position). This means two things: firstly the exchange has no credit risk: every counterpart has a daily margining so their exposure is not too big, second the P&L is actually credited daily in the exchange, so frauds are very limited.
So, can BAKKT exit scam you? Very unlikely, as this is the opposite way this business works (also:  BAKKT and maybe CME would suffer a tremendous reputation as risk putting their own existence at risk in case of a default).

The hard part in all this reasoning: is this margining all done in BTC? As per my explanation it should. But I don’t remember anything like that in the product specification. I will check later, when real life settles a little bit.
I am going also to put this answer in my futures related thread, as it is a point I would have liked to cover, but I actually didn’t.

[Elwar]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

If only there were a way for him to prove that they keys arrived and that he truly is (along with Kleiman) Satoshi.

If only...

You mean prove, cryptographically that he is Satoshi Nakamoto by signing a message?

That’s asking for too much

To be fair...he may not know how to do that.

Can someone explain that to him so he can prove he's Satoshi?

[JayJuanGee]

Good to see the price coming back.

I've been playing around with the Omni Layer and am fairly impressed. It seems like it was all built up for Mastercoin, then changed to Omni later and a lot of work was put into their web wallet...then everyone moved on to something else.
But fortunately they left some decent code and I can use it.

The plan is to have Ocean Builders credits that are like gift cards toward purchasing a floating home. Then create a new coin for every home built so people can own portions of each home.

Omni also provides a decentralized exchange so people can trade via the wallet with no middle man. All running on the Bitcoin blockchain.

Though we have a guy who works for Ethereum who is coming to join us who will likely be pushing for it all to be on smart contracts. And since he knows a hell of a lot more about it than I do, he will make a very compelling case.

Fortunately all of the owners are big Bitcoin holders so using Bitcoin is an easy sell.

Thus begins the battle of the coins for the future of seasteading.

One way pretty sure way to lose your bitcoins.  Might have to add that to "how I lost my bitcoins" thread.

That's it? Everyone worried that a criminal is going to steal your private keys to get your ownership of your house? Then what? Come on a dinghy to your house and tell you that you have to leave because they stole the keys fair and square?

You lose $1 million in BTC or a $1 million house...doesn't make holding your keys any different.

Your pumping of a business model that is NOT going to work is another way to lose bitcoin.

Would be dumb to invest in that crap before some kind of meaningful business model including jurisdictional agreement, which seems more pie in the sky thinking than anything... but hey, all innovations require some going out on the edge, yet the topic is NOT so much about bitcoin than it is about an idea..... and pie in the sky innovation that might be more receptive with the ethereum crowds, too....

Yeah, I know that you have some people in bitcoin who really like the idea and even have concerns for you in terms of the risks that you had taken, but still does not mean that there is anything equivalent of the idea to bitcoin or the ideas of bitcoin, even though you are making such connections (besides your ethereum additions) and even your having had been a bitcoin advocate....

Sure, I remember before you even got into seasteading, you had made a pretty gutsy move to invest all the proceeds from your sale of your house into bitcoin, and you were ridiculed about that for a while until it likely paid off pretty good, but still your BTC dedication or even your willingness to take risks or even to battle the PTB does not make seasteading a good investment or even the pumpening of such very relevant to this thread besides that some folks might be interested in the topic of your adventures and even personally respectful of you.

[P_Shep]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

If only there were a way for him to prove that they keys arrived and that he truly is (along with Kleiman) Satoshi.

If only...

You mean prove, cryptographically that he is Satoshi Nakamoto by signing a message?

That’s asking for too much

To be fair...he may not know how to do that.

Can someone explain that to him so he can prove he's Satoshi?

So when he subsequently fails to move any coins or sign any messages, how are the (what are we calling SV believers these days? Morons? Is it morons?) morons going to explain it?

[Biodom]

The Bitcoin SV pump is based on CSW's saying that the bonded courier actually showed up with the tulip trust keys. In other words, he says he's now in possession of 1 million or so BTC (half of which is supposed to go to the Kleimans).

https://beincrypto.com/bitcoin-craig-wrights-courier/

If only there were a way for him to prove that they keys arrived and that he truly is (along with Kleiman) Satoshi.

If only...

You mean prove, cryptographically that he is Satoshi Nakamoto by signing a message?

That’s asking for too much

To be fair...he may not know how to do that.

Can someone explain that to him so he can prove he's Satoshi?

So when he subsequently fails to move any coins or sign any messages, how are the (what are we calling SV believers these days? Morons? Is it morons?) morons going to explain it?

how do you call a con that succeeds in making the con-artist gobs of money....

"The Sting"