DaRude
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Activity: 2874
Merit: 1859
In order to dump coins one must have coins
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March 30, 2021, 03:21:00 AM |
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Since when we saw the tail wagging the dog (derivatives dragging corn down), I've become wary. TPTB have an unlimited amount of shiat money to throw at any ETF. Then who audits the ETF? Who audits the auditors? Physical corn, on the other hand, has this self custody thing that is very very hard to dodge... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The ETF thing in general is good, but there are multiple problems that may appear and instead of blessing to become an obstacle (at least temporary) in terms of the price increase. First, there are two types of ETF - cash settled and physically settled. The first type won't have any affect on the price. But the second will have an impact, because the BTC's will be bought from the spot exchanges in USA. I don't think some respected company like Fidelity or CBOE will risk faking the purchases of BTC's. If they don't have the asset, they will have to use customers money to pay the new customers. This will make them a ponzi, and as we all know the law in USA is severe in such cases. The most famous case is Maydoff's, who faked profits from the activity of the firms and used the new cash to pay the interest. I believe the court gave him 150 years in prison effective sentence. So, although possible, it is highly unlikely this will happen. But, SEC are cautious and want to be 100% sure that the custody is well established and working. May be this was one of the main reasons for the denials in 2017. But now the things are different - Bakkt, Grayscale, Paypal, G&S, Fidelity, M&S, etc. are respected financial giants who managed to secure licenced in USA custody with insurance in case of theft. Therefore I think the probability of creating fake volume with non existent bitcoins is practically 0. However, there are other problems that may affect the price in a negative way. The first problem is how exactly the 650K BTC's held by Grayscale will be managed if the premium continues to be negative. Will they apply for an ETF and somehow transfer the BTC's in the ETF market? There is a chance that the things may go wrong for awhile and thus causing some panic in the spot market. The other big problem is that the high expectations may lead to another Dec. 2017 buble like increase that may end just as badly. People thought that the cash settled futures will have a positive impact on the price. Then the great dissapointment came. A similar thing happened when Bakkt started. So there may be some drawbacks after all. Hopefully they will not bring another 2-year bear winter. But once the ETF market becomes fully operational, we can expect at least several trillions $ invested in BTC for a short time of 1-2 years perhaps. And the best scenario is everything to go smoothly with an extended multi year bull market. I think the odds for that are much greater because of the new big players, who don't seek a quick profit. Number go up peeps: ETF = good I'm in it for the tech peeps: ETF = bad It's just another vehicle for speculators traders.
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Richy_T
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Activity: 2534
Merit: 2243
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 30, 2021, 04:58:51 AM |
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Might not be good, Richy... On the one side such an alarm might cause panic or alternatively premature ejection from bed.
I haven't flexed my Android programming muscles in a while. I might give it a go anyway.
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OROBTC
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Activity: 2926
Merit: 1862
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March 30, 2021, 06:11:08 AM |
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...
O/T (but nice!)
Ahh, the good things one can learn here this forum...
I had wondered what might happen to my passphrase-protected ("13th Word") Trezor wallet were their servers ever to go down. Turns out that Wasabi Wallet can back up Trezor wallets even when they use the "13th Word" (passphrase), which I did not know until kindly explained to me over there in the Wallets threads.
You have to jump through some hoops (install Trezor Suite which allows bech32 addresses (bc1q.....) so Wasabi & Trezor can exchange info), but it all works. I set-up a dummy account, and it works.
Nice tool for backing up a Trezor if/when it comes to that. Recommended!
* * *
So, when do we leave these boring $57,xxx numbers?
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OutOfMemory
Legendary
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Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
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March 30, 2021, 06:21:36 AM |
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So, when do we leave these boring $57,xxx numbers?
Yes, the helicopter needs to move again!
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El duderino_
Legendary
Offline
Activity: 2618
Merit: 12758
BTC + Crossfit, living life.
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March 30, 2021, 06:39:34 AM |
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Do you still even got “some” ?!
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OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
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March 30, 2021, 07:02:31 AM |
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whenever i hear or read that i lost a close friend from the old times, which i haven't seen/heard of for a long time (over a decade), i look up the music we shared in our times of close friendship. It's like temporary revival in the form of memories, because you don't have a chance to experience their presence ever again. I use the music to start the process of letting go.
I know that dying is a part of life, which allows us to be able to feel these kind of things. I don't beg for condolence here, by the way.
Maybe some of you remember one of these persons, who you wanted to call or write for longer times, but didn't make it yet for whatever reason.
Sorry to hear that. Yeah I'm getting better at letting go of grudges, people just go and die for some reason and that's sad. *hugs* Thanks for the hugs. I had plenty of gin and tonic water, bigass headphones and a night long of a playlist with old songs by sonic youth, radiohead and the likes still playing when i woke up this morning. Feeling better now. I'm up for a big green daily candle as well.
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Hueristic
Legendary
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Activity: 3920
Merit: 5252
Doomed to see the future and unable to prevent it
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March 30, 2021, 07:15:47 AM |
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Do you still even got “some” ?! You might be the only one that doesn't have him on ignore. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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AlcoHoDL
Legendary
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Activity: 2478
Merit: 4539
Addicted to HoDLing!
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March 30, 2021, 07:28:33 AM |
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I had wondered what might happen to my passphrase-protected ("13th Word") Trezor wallet were their servers ever to go down. Turns out that Wasabi Wallet can back up Trezor wallets even when they use the "13th Word" (passphrase), which I did not know until kindly explained to me over there in the Wallets threads.
You have to jump through some hoops (install Trezor Suite which allows bech32 addresses (bc1q.....) so Wasabi & Trezor can exchange info), but it all works. I set-up a dummy account, and it works.
Nice tool for backing up a Trezor if/when it comes to that. Recommended!
Noting is stored on any server. The keys are derived algorithmically (deterministically), even when the 13th (or 25th) passphrase is used. Everything happens locally, according to BIP39. The only "storage" is in your brain, or wherever you have decided to back it up (paper, etc.). So, there's nothing to worry about. The only thing you want to backup is the set of 12 (or 24) seed words, and the passphrase. Nothing else, and never online. Nothing is stored inside anyone's server, Trezor's or otherwise. The only time the seed words/passphrase are exposed is when they are generated/chosen for the first time when you set up your Trezor. Your Trezor is directly equivalent to a paper wallet, and your wallet can be fully restored when you have the 12 (or 24) seed words, and the passphrase, even if Trezor's (or any other company's) servers completely disappear from the face of the Earth. The only other thing you need is the BIP39 specification, which is freely available and can never be lost. It's a bit difficult to grasp at first, but once you understand it, it all becomes crystal-clear.
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El duderino_
Legendary
Offline
Activity: 2618
Merit: 12758
BTC + Crossfit, living life.
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March 30, 2021, 07:39:54 AM |
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BitcoinBunny
Legendary
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Activity: 1526
Merit: 2751
Far, Far, Far Right Thug
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March 30, 2021, 07:42:53 AM |
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So, when do we leave these boring $57,xxx numbers?
Yes, the helicopter needs to move again! Pilot is currently unavailable. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUzTxlrT.jpg&t=665&c=uOvXN4BbOmT-5Q)
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Parazyd
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March 30, 2021, 08:19:27 AM |
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Good morning WO!
Observing @ 58k
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shahzadafzal
Copper Member
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Activity: 1652
Merit: 3006
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March 30, 2021, 08:54:10 AM |
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So, when do we leave these boring $57,xxx numbers?
Yes, the helicopter needs to move again! Pilot is currently unavailable. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUzTxlrT.jpg&t=665&c=uOvXN4BbOmT-5Q) wait a minute... what are those on the shelf? dildos? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FGtlsJYW.jpg&t=665&c=yhf2x2J9nRW9rw)
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LoyceV
Legendary
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Activity: 3416
Merit: 17280
Thick-Skinned Gang Leader and Golden Feather 2021
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March 30, 2021, 09:11:57 AM |
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Top 1000 Bitcoin addresses (balance in satoshis): address balance 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 14352845860122 35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP 14145159751601 ...
Daily update: wget -qO- http://addresses.loyce.club/blockchair_bitcoin_addresses_and_balance_LATEST.tsv.gz | gunzip | head -n 1001 > top1000.txt As usual an excellent job LoyceV. Just wondering why in satosh? Why not in BTC? The blockchain doesn't count in Bitcoins, only in satoshis. I get the data from Blockchair.com, and didn't bother converting it. Just for my own curiosity can we get last transaction date? To see if these are active or inactive accounts? Unfortunately, this isn't easy to get. I have the data, but I'll leave it to the reader to process it.
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BitcoinBunny
Legendary
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Activity: 1526
Merit: 2751
Far, Far, Far Right Thug
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March 30, 2021, 09:31:24 AM |
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So, when do we leave these boring $57,xxx numbers?
Yes, the helicopter needs to move again! Pilot is currently unavailable. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FUzTxlrT.jpg&t=665&c=uOvXN4BbOmT-5Q) wait a minute... what are those on the shelf? dildos? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FGtlsJYW.jpg&t=665&c=yhf2x2J9nRW9rw) Exhibitionism Awards
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OutOfMemory
Legendary
Offline
Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
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March 30, 2021, 09:40:13 AM |
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pump in the making?
@$58.588
EDIT: Observing Coinbase sellwall @ €50k (currently we're at € 49.900 = $58.650-ish)
EDIT2: As i finished the line above, we were at € 49.940 already. GO BTC, GO!
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AlcoHoDL
Legendary
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Activity: 2478
Merit: 4539
Addicted to HoDLing!
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March 30, 2021, 09:48:11 AM |
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Right now Bitcoin just feels like a rocket that's fully fueled and is waiting for a spark. I feel a breakout is imminent.
As I said earlier, I'm no expert on Bitcoin ETFs, and I do have my reservations (purely based on my intuition), but if only one Bitcoin ETF is approved by the SEC, I can see Bitcoin reaching $70-80k in a matter of days.
April will be a fun month.
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ivomm
Legendary
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Activity: 1879
Merit: 3034
All good things to those who wait
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March 30, 2021, 09:54:54 AM |
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50 000€. Only 1.5% to a new € ATH!
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heslo
Legendary
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Activity: 1197
Merit: 1126
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El duderino_
Legendary
Offline
Activity: 2618
Merit: 12758
BTC + Crossfit, living life.
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March 30, 2021, 10:07:59 AM |
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I've got a feeling!
#60kbytoday
Keep that feeling going
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BitcoinBunny
Legendary
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Activity: 1526
Merit: 2751
Far, Far, Far Right Thug
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March 30, 2021, 10:11:48 AM |
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BTC approaching ATH.
Shitcoins still don't get close.
Don't people get it by now?
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