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

[jbreher]

Today's bit of levity: Venezuela's navy sends a patrol boat -- "...armed with a 76mm naval gun, a German-built anti-aircraft system that sprays a cloud of tungsten bullets and a pair of deck-mounted machine guns, among other weaponry..." -- to ram and sink a cruise ship, but it is the Venezuelan navy which ends up in the drink. Perhaps Elwar can take some displaced solace in this.

https://www.economist.com/the-americas/2020/04/11/venezuelas-navy-battles-a-cruise-ship-and-loses

Apologies if this is a repost.

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[bkbirge]

Today's bit of levity: Venezuela's navy sends a patrol boat -- "...armed with a 76mm naval gun, a German-built anti-aircraft system that sprays a cloud of tungsten bullets and a pair of deck-mounted machine guns, among other weaponry..." -- to ram and sink a cruise ship, but it is the Venezuelan navy which ends up in the drink. Perhaps Elwar can take some displaced solace in this.

https://www.economist.com/the-americas/2020/04/11/venezuelas-navy-battles-a-cruise-ship-and-loses

Apologies if this is a repost.

Looks like Venezuela was trying to ransom a ship/crew. Would have been a lot less funny if people had been killed. Here's a story about it that's not behind a paywall...
https://www.popularmechanics.com/military/navy-ships/a32021287/venezuela-cruiser-cruise-ship-collide/

[Last of the V8s]

pm_me_all_dogs

The Trump administration and the GOP would have us get sick and die while they profit off of tax dollars.

Want to know how it works?

1.) Eliminate oversight of the spending of nearly a trillion dollars of tax dollars: https://thehill.com/regulation/court-battles/490737-stimulus-opens-new-front-in-trumps-oversight-fight

2.) Aquire the authority to command which businesses get which contracts: https://youtu.be/MlQx7Qs2ACI

3.) Have trusted people stand up companies through which the money can be funneled (3 week old company, founded through a loan approved via the Coronavirus Stimulus bill, is now the center of medical supply distribution): https://www.politico.com/news/2020/03/27/republican-fundraiser-company-coronavirus-152184 “I don’t want to overstate, but we probably represent the largest global supply chain for Covid-19 supplies right now,” he said. “We are getting ready to fill 100 million-unit mask orders.”

4.) Have the federal government sell, at a reduced price, it’s strategic stockpile to the new companies, run by your buddies: https://twitter.com/DavidBegnaud/status/1245841458323771393

5.) Have the states bid on the supplies, driving up the price: https://youtu.be/2zeEUs7tcpE

6.) Have the federal government spend taxpayer dollars to ship supplies purchased from China to these brand new private companies: https://www.npr.org/sections/coronavirus-live-updates/2020/03/29/823543513/project-airbridge-to-expedite-arrival-of-needed-supplies-white-house-says?utm_campaign=npr&utm_source=twitter.com&utm_medium=social&utm_term=nprnews

7.) Eliminate the competition. Attack any company that doesn’t play ball. https://mothership.sg/2020/04/trump-3m-10-million-masks/

Edit 2: electric boogaloo

Congress and the Supreme Court aren’t going to do shit. Neither is Biden or the DNC. We need another Battle of Athens.

Fun fact: the position with the highest constitutional power is your county sheriff. They have the ability to block feds from entering and leaving the county. A few did this back during the whole “extraordinary rendition” thing whenever that was.

I would pen an email, letter and call to your county sheriff citing sources and your concerns of the feds taking your hospitals supplies. I just thought of this replying to you and I will be doing this tomorrow. We need sheriffs and deputies guarding our hospitals from the feds.

Jesus fucking Christ

[lightfoot]

The failure to comprehensively test the population of the world for this virus is not just a failure of politicians. We pay them to fail us and they did so admirably. It highlights the abject powerlessness of all scientists and medics, who have been subservient to the state for far too long now. Until they collectively grow a pair of balls, we won't be trusting them either.

Sorry V8, I call bullshit on this one. The first doctor in China who raised the alert was forced to read a retraction of his statement and later died of the fucking thing. Likewise in the US Aircraft carrier captains (who are probably pretty expensive to train) are fired for speaking up by mealy mouthed "acting directors" who are then fired like toilet paper. And now has it as well.

The people responsible for this are the leaders and citizens of these States who followed the belief that they could have their cake and eat it too. Accept it.

Edit: Oddly enough I respect Johnson a bit more because of this. He truly lived his values and is now dying as a result. Trump by comparison is hiding in the White House behind endless tests for everyone around him. Trump doesn't live his values, he expects others to die for him so he can keep spouting nonsense.

[Last of the V8s]

You're not contradicting what I said.

[JayJuanGee]

[edited out]

I was trading the EUR/USD pair long before I started buying BTC and I made good money there. That's where I went back again. I think I'll keep doing it because it is doo damn easy, risk free and stress free. I quit TA because I don't even need TA to trade that pair. It is just a waiting game.

Bitcoin is the same.  You don't need TA so long as you set up your orders properly, which I have outlined like nearly a zillion times, and adding jbreher and a few other WO regulars in the mix of content providers and real-life experience examples, too.  Yeah, I might be tooting my horn about this concept the most, but there are quite a few regulars here who employ either a similar strategy, or some variation of such strategy that involves DCA and buying on dip or otherwise attempting to tailor such seemingly ongoing winning strategy to their own particulars.. which largely seems to lean towards BTC accumulation without getting too emotional or greedy about it.

Accordingly, you should have already known that you do not need TA in BTC either, if you had already so much damned experience in non-TA based trading of other assets/currencies.. and we already have some other price prediction models in BTC that tends to provide very decently strong evidence that even though there are no guarantees in bitcoinlandia, there is nearly inevitable UPpities and DOWNities, while the overall long term BTC price trajectory remains quite likely to continue to be UPpity trajectored.  Almost as pure of a high probabilities formula (aka asymmetric bet) that any of us could hope for in this relatively short time that we have on this here on this potentially insignificant floating rock.

[JSRAW]

Fuck this shit, I am going back to mother Russia. - sanders-

https://twitter.com/Will_of_Ockham/status/1247922349950881794?s=19

[Ibian]

Yeah but her tits are fake. You all know that right?

Your cucumber would look small

Bitch I'm ALL cucumber! I'm Pickle Riick!

[Ibian]

Hey, my own sister thought her first kid smelled bad when she was pregnant with her second. I explained that this is so she doesn't get the bright idea to eat him.

Lots of stuff has very practical evolutionary reasons. This is just one of them.

Your understanding of evolution seems a bit shaky.

Feel free to propose an alternative hypothesis. I can't fucking wait to see what you come up with.

Response to taste and smell changes during pregnancy. This is probably due to biochemical/hormone dynamics. There might be evolutionary advantages in that (what's good for the mother, what's good for the fetus etc), but the benefits of any anti-cannibalism effect seem dubious at least.

So... sounds like we agree.

[bkbirge]

... there are quite a few regulars here who employ either a similar strategy, or some variation of such strategy that involves DCA and buying on dip or otherwise attempting to tailor such seemingly ongoing winning strategy to their own particulars.. which largely seems to lean towards BTC accumulation without getting too emotional or greedy about it.

Count me as someone who greatly appreciates the insight into strategy shared on this thread, from JJG as well as many others, including positive and negative trading experiences. For example the recent (last month or so) discussion about rolling old 401k's into a self directed IRA combined with a DCA applied to accumulation and some other crowd sourced wisdom has really gotten me a lot closer to my goals. As always dyor, but there are some gems tucked away among the memes, linear fits on logarithmic plots, and almost-NSFW joking around here.

[Toxic2040]

You're not contradicting what I said.

[Last of the V8s]

[JimboToronto]

Good afternoon Bitcoinland.

I see we're still over $7k... currently $7340USD/$10322CAD (Bitcoinaverage).

Bouncy bouncy.

You lived right in the heart of TO - Eaton's Center, Maple Leaf Gardens, The St. Lawrence Market, Nathan Phillips, Massey Hall, Sam the Record Man...  So many old memories of TO are flooding back.  I'm going to have to take the family there for a few days this summer to look around.  I haven't explored the downtown in ages and I'm sure I wont recognize it.

Yeah. It's constantly changing. Back then Yonge St. was where it was happening. By the 1980s it had moved to Queen St.W. Now the action's south of King St.

Everything has turned upside down. St. James Town went from being a desirable address for successful young professionals to being a subsidized-rent high-rise welfare slum. What were semi-abandoned low-rent warehouses full of artists and musicians are now overpriced "loft" condominiums. In another couple of decades they'll probably be slums too. Of course I don't mean nasty crime-infested slums like they have in the suburbs like Scarboro-ugh or Jane & Finch, but not up to the standards of the inner city.

Parkdale morphed from crackwhores and pimps to art galleries, antique shops and boutiques. Kensington Market is no longer a place for immigrants to buy cheap food and clothing. Gentrification has raised the rents so high that most of the cheap butchers, fishmongers and greengrocers have been replaced by high-end specialty butchers and exotic food shops and restaurants. The artists, musicians and writers are still hanging in though. Residential rent controls have allowed them to stay.
_____

I've always been a downtowner. I find the suburbs incredibly boring. I hate lawns, malls, identical houses, trimmed hedges and all the other trappings of restriction, conformity and normalcy. Don't get me wrong. There's nothing wrong with that stuff for other people but it ain't for me. We downtowners talk about getting nosebleeds north of Bloor St.

I also love the wilderness. Give me the forest or jungle. I dislike small towns almost as much as the burbs. I'm a dual citizen... country slicker and city bumpkin. Most of my life I've split my time between both. I love huge crowds and I love solitude. I love access to world-class arts, entertainment, sports, goods and activities. I also love the fauna and flora of nature.

I hate boredom.

[lightfoot]

You're not contradicting what I said.

Clarifying it. :-)

More to the point one can't lay the blame on the professionals for this one. We had a plan we had response teams, this same thing happened three times before. There was a defined process on how to respond that depended on cooperation, open information, and mutual respect.

The people of the US and several other countries voted in xenophobic morons who dismantled these systems, ignored the warning signs, started pointless pissing matches, and hid the results as long as possible. These "leaders" fire people who refuse to acknowledge their view of the world as right, and expect to be treated as forces of nature like hurricanes or floods.

This is the result.

So the people to flame are the ignorant fucks who felt they could get something for nothing and voted appropriately for leaders who granted their request. Seem to be a lot of them out there.

Most depressing part is we saw this all before, with a "leader" who ignored security briefings saying "Bin Laden will strike in the US soon", and sat on his ass reading "My Pet Goat" while the towers burned. However in that case an argument could be made that the "leader" was not elected, but appointed by the Supreme Court. No such cover exists for the current situation.

[Last of the V8s]

anyhow let's all chill, Boris will not die**t's & c's apply

[JayJuanGee]

hacker hits bisq for $250K
https://www.coindesk.com/hacker-exploits-flaw-in-decentralized-exchange-bisq-to-steal-250k

what % of your btc is on an exchange? I used to have 1%, now much less.

Yep.  Prior to 2017, I had over half of my BTC on various exchanges, and unwittingly the other half of my BTC in kind of vulnerable form of storage.  I rethought my storage and engaged in some better safeguarding.. including fewer vulnerabilities.

I did a quick calculation, and I am not down to 1% on exchanges, but instead I seem to be at a bit more than 10%, and maybe coming down further could be practical.. maybe?  It is at least good to attempt to reconsider some of these matters from time to time, and to attempt to understand the risk in using exchanges and other parts of the Bitcoin ecosystem, whether trading or otherwise attempting to transact.   Losing any BTC is uncomfortable, but there is also some value in attempting to support the bitcoin ecosystem, and even attempting to take advantage of both the volatility and the price finding functions and interacting and learning from the various bitcoin related systems out there, whether it be something like Bisq, lightning network or some of the variety of exchanges.  There are also wallets and payment vehicles that can be vulnerable too, but can also be good to attempt to support some of those various ecosystem contributions... even while realizing that there are BIG MEANIE people out there who are engaged in various creative or even possible brute force ways to attempt to separate you from your bitcoins.

[Hueristic]

The failure to comprehensively test the population of the world for this virus is not just a failure of politicians. We pay them to fail us and they did so admirably.

You are trying to give the politicians a pass because they have such a low bar yet they are the ones that put us here and keep us here no matter what the scientific community does. There are quite a few Scientific martyrs that have lost their carriers/livelihood and/or life. All balls and no brains is the mantra that has gotten us here. Shit there are still a subset of morons that argue there is no climate change and its only because of the scientific community yelling for decades and the world changing before our eyes that allowed the truth to be widely accepted, if it wasn't for that those in power would still have the masses brainwashed.

'Gross misjudgment': Experts say Trump's decision to disband pandemic team hindered coronavirus response

https://www.usatoday.com/story/news/world/2020/03/18/coronavirus-did-president-trumps-decision-disband-global-pandemic-office-hinder-response/5064881002/



Interesting how you can (correctly) point out the problem right here

It highlights the abject powerlessness of all scientists and medics, who have been subservient to the state for far too long now.

But then in the next sentence throw blame on right back on them when the two are orders of magnitudes apart.

Until they collectively grow a pair of balls, we won't be trusting them either.

This is spoken like  man thats never had the system used to crush him and doesn't realize it can be, you are showing ignorance of the realities of life in a non-connected family with this post V8. Or at the very least from the view point of a man that has never stepped out of line himself. But from your posts I find that hard to believe. Unless you never found what happens if you don't heed the warnings to get back in line. Being a honorable man and not folding under absolute pressure is something few of us are able to achieve and not all of us survive.


Don't get me wrong though, I believe all of our leaders in every field need to stand up for whats right even when it costs them but those that control the police in this police state are the ones in control and thats where the buck stops.





************************************************************************************************************************

Bisq
@bisq_network
ALSO please **do not send any funds to a counter-party** until further notice.

https://twitter.com/bisq_network/status/1247650606875099136

Trading halted until v1.3.0 hotfix

https://bisq.community/t/trading-halted-until-v1-3-0-hotfix/9208

[BayAreaCoins]

Even while realizing that there are BIG MEANIE people out there who are engaged in various creative or even possible brute force ways to attempt to separate you from your bitcoins.

All is fair in love and Bitcoin.

This is why you should spread your coins across several addresses rather than stacking them all in one.  If someone lucks out... at least you got another stack of coins.

In regards to keeping coins on exchanges... I own a exchange and I don't keep my coins there! If that says anything to a reader wondering if they should keep their coins on whatever exchange they use.  Exchanges are just big ass targets... it's far better to keep your loot away from the obvious places that are going to get targeted.  However, you should keep a little liquidity on the books to assist the economy, but not more than you're willing to lose.

[Hueristic]

hacker hits bisq for $250K
https://www.coindesk.com/hacker-exploits-flaw-in-decentralized-exchange-bisq-to-steal-250k

what % of your btc is on an exchange? I used to have 1%, now much less.

I finally started getting some off of binance yesterday and was pleasantry surprised I didn't run into any roadblocks besides the insane amount of actions required to make a address, whitelist it and withdraw. Oh and to find the goddamn withdraw button alone was a serious PITA! I made 4 transactions that took about 3 emails and 2 2fa checks each. I don't trust them to not stop a large withdraw so I am making many small withdraws to different cold storage's.

[Hueristic]

wow

that was a little window into how ibian's mind works that I really didn't need to see in

HAH, I was glad you didn't quote him and then the next post JJG did. Doh

Funny thing is chicks do smell every goddamn thing. I had some stupid bitch shove a mask in my face (she wore out) for me to smell. I said what the fuck is wrong with you , you want me to smell the goddamn virus you used that thing to protect you from? Now go wash you hands for 20 seconds and don't touch that thing for 12 hours. Lol, some chicks can drive me insane.