All posts made by gijoes in Bitcointalk.org's Wall Observer thread
1.
Post 11655077 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.18h):
If yesterday's wall was just a genuine attempt to buy coins how come it was abruptly taken down and replaced with an ask wall? It seems a blatant attempt at manipulation as far as I'm concerned.
It's actually pretty easy - if you're accumulating and no one is selling you cheap coins, you can just scare them into dumping by flaring up a big enough ask wall.
2.
Post 11655283 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.18h):
What if people start buying your "cheap coins" from your ask wall instead of dumping?
Psychology is always the same. Support disappears, huge ask walls come up. Doom and gloom, people panic. Even the ones that have the capacity to eat through your fake walls will be more careful if something like this happens. The trick is not to repeat that too often, otherwise you might get burned.
How can you be sure that someone didn't put up the bid wall to tempt people into buying their coins, and when people stopped buying dumped straight into whatever buy order had built up?
No need to flare a fake ask wall in this case. Just dump while you're still pumping. You know your orders, so won't hit them (or you can remove them a second before dump).
3.
Post 11708658 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.18h):
"Only" 12K ask wall? Used to be 20K. What happened to the finex whale?
He most likely hoped that the wall will attract some determined sellers able to fill his bids. However, it seems that there are no sellers with real coin ready to sell at this price point. So he figured 20K wall looks just to scary and removed half of it to give bears a fair chance at dropping the price. It would be interesting to see if the bears still control enough coins to fill even decreased volume of bids (or are willing to borrow the same). If not, all the "$200 by tomorrow!" bear battle cries amount to nothing but posturing.
4.
Post 11720895 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.18h):
It would be nice (for the bears
) to see a 4k dump soon, the wall on bfx asks for it...
The bid walls were there for more than a week, just begging for a huge dump. The very fact that such dump didn't happen tells us one thing loud and clear: The bears have no more coins to dump, and are afraid to borrow. All their "dump talk" is just a bravado, there is nothing behind it. Looks like this bear market died a horrible death: it died of boredom.
5.
Post 11786385 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.19h):
6-blocks deep invalid chain due to some stupid miners not checking blocks and only using headers? Meh. Could be almost anything, just happened to be BIP-66 specific. Blaming it on core devs is disingenuous. The situation has zero similarity with the pandora's shitbox opened by a bunch of fervent Bitcoin-XT fork promoters.
6.
Post 11797545 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.19h):
17.83% counted. 60.36% OXI
Yeah, it's most likely OXI, little doubt about it. The real question is, what now?
7.
Post 11797598 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.19h):
According to Varoufakis they'll get a better deal, but Dijsselbloem said friday that's out of the question and a no would probably mean Greece would leave the Eurozone.
I'd say Varoufakis was using smoke-and-mirrors, and the REAL Syriza plan was to get out of euro while pretending to be a victim of evil EU overlords. They want to shake off past debts and start printing out their sovereign fiat like all good lefties do.
8.
Post 13480887 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.40h):
Dear Wall Observers,
Now that the most convenient btccharts.com is gone, what do you guys use for multi-exchange wall watching? I've never found anything that even remotely matches it. Any suggestions?
9.
Post 13481496 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.40h):
Dear Wall Observers,
Now that the most convenient btccharts.com is gone, what do you guys use for multi-exchange wall watching? I've never found anything that even remotely matches it. Any suggestions?
https://hypron.net/bitcoinwisdom/Nice one, thanks! Even though technically it doesn't display walls - only charts and a chunk of orderbook in numerics. Btccharts offered flexible layouts where you could set up your display with multiple markets (walls, charts) to watch all on one screen... I used to have 4 major USD exchanges on a top row, and 4 CNY ones at the bottom - giving me a complete dashboard view of the BTC markets on one screen... Oh, well...
10.
Post 13482217 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.40h):
11.
Post 13799938 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.43h):
I am genuinely looking forward to seeing what response you, brg444, icebreaker, hdbuck et al. provide for our entertainment if the network actually forks to classic and no disaster occurs. All that brazen supercilious venom spewed over the last year with potentially nothing to show for haha.
I'm glad you're finding it hilarious. I don't. Because I invested non-trivial portion of my portfolio into Bitcoin and I'd hate it all to go "poof!" if a hostile hard fork backfires and the net DOES split into two. Are you willing to bet ALL your BTC that this has a zero chance of happening? I would not be so sure.
12.
Post 13828365 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.43h):
finex and poloniex
Thanks sir.
Gonna see what they're looking. I'm a bit tired of Kraken.
Poloniex is great for altcoin trading and they have the best charting tools. But their BTC/USD book is almost non-existent. Bitfinex is great for BTC/USD trading, both cash and leveraged.
13.
Post 13828431 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.43h):
classic supporters ... don't understand Segwit, and have a low comprehension ...
... of pretty much anything, I presume. Thanks for your honesty!
Let's hope they have enough brain to understand at least this:
http://bitcoinocracy.com/arguments/if-non-core-hard-fork-wins-major-holders-will-sell-btc-driving-price-into-the-ground
14.
Post 13841949 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.43h):
MOA: classic got released today and the price is $10 higher than yesterday... strange. Has the economic majority teamed up with the CIA/GCHQ just to fuck with our heads?
The price started a healthy rise and then fell like a rock once the news of Classic release hit. Any developments towards a contentious hard fork dumps the price down. It's ALWAYS like this, and never the other way around. By this alone, hard fork pushers should get a clue what the markets really want. But they remain clueless nonetheless.
15.
Post 13995746 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.45h):
did the ETH devs say they would allow it to scale?
Currently, it scales much worse than Bitcoin (no big wonder, with full-blown Turing-complete language on blockchain). Half-year into existence, its blockchain already approaching 10GB and growing fast. There is some vague handwaving about future "sharding" and whatnot, but realistically, its chain will be much bigger than Bitcoin's, and it'll happen pretty soon. Interesting to see how they'll cope with their own scaling crisis.
16.
Post 14367981 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.48h):
wow, full-on troll mode has been enabled ... haven't seen it this bad in a while, they must be getting desperate.
If they can't break this flag to the down side the big bull gets the green light and its all on ... desperate shorts will get bulldozed.
They are getting into the trap this time around - leveraged shorts are increasing massively on BFX. Hopefully, they could raise above 20K - then, they'll provide enough squeeze fuel for us to finally break 450.
17.
Post 14991599 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.51h):
Hopefully, they won't drag XBT Provider ETNs down with them. If this comes to pass, the loss of investor confidence in all future bitcoin-pegged assets may be devastating...
So far, they claim that all the ETN funds were fully hedged, but who knows:
http://xbtprovider.com/lang_en/news
18.
Post 16694057 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_14.58h):
Looks like there's 1.8 million BTC in dust in the mempool.
Totally not one guy:
Just Roger Ver re-sending his bulk spamstorm all over again. He does this from time to time, in a stubborn attempt to shore up lost bigblocker cause.
19.
Post 18106322 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_15.04h):
Anyone know what's causing the crash?
Bitcoin is under a Trust Attack:
https://medium.com/@lukeparker/the-trust-attack-a6241a08a9cd
20.
Post 18106407 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_15.04h):
People who hope ETF will be approved shortly are entirely too optimistic:
Subject: File Number SR-BatsBZX-2016-30
From: Michael Lee
March 6, 2017
Dear Commissioners,
I have been a bitcoin enthusiast for many years now but I do feel that an ETF at this time would be a very risky investment vehicle for the general public, as well as detrimental to the future of bitcoin. On my first point, right now bitcoin is at a crossroads in its development which has split the community in two. This is in regards to the issue of the "hard fork" in the software code noted in the S-1 amendments, which is in reality more serious than is explained as a risk factor. For the better part of a year, there has been manipulation on the bitcoin network by one side of the community in an attempt to flood the transaction pool thus slowing transaction speeds down and raising fees. There is also the threat of a forced consensus by this same group that involves investing millions to buy more mining equipment and raising mining share for one version of code, resulting in a forced "fork" of the bitcoin network. Once they have raised their percentage of the network high enough, a coup of the bitcoin network is possible. Basically, the truth is no one is completely sure which version of bitcoin is the right way to go with, only that one of these sides will eventually win out. And even then, no one can say with absolute certainty that the improvements to the network will be successful and not break the entire bitcoin experiment altogether. Right now we are in very shaky times regarding the future of scaling and development for bitcoin.
In regards to price, the price of bitcoin is being heavily manipulated at this very moment on exchanges which somehow began the day of the SEC's Feb 14th meeting but before the news of this very meeting was released to the public. Currently, we are at all time highs based on rumors and speculation on this meeting alone and it feels like we are again in a price bubble which could result in a huge loss for new investors. An approval of the COIN ETF at this time would only exacerbate this bubble and result in a price crash even before ETF trading will be fully available. As you may well know, there is no regulation or oversight right now for our 24 hour worldwide market of exchanges. Earlier this year in China, the price reached an all time high of $1289 per bitcoin only to crash 58% down to $750 based on tweets that the PBOC was about to hold private meetings with the Chinese bitcoin exchanges. This news was tweeted out by one of the very exchanges they were meeting with, BTCChina. Price manipulation by the Chinese has been rampant since the beginning in the form of zero-fee trading resulting in huge, fake volume by several of the Chinese exchanges combined with empty threats of banning bitcoin by the PBOC, resulting in huge price drops each time. It's also very important to note that the PBOC has recently announced that they will be releasing their own digital currency called the RMBCoin at some point in the future, in order to stem the flow of capital flights that bitcoin is used for. This could certainly result in the outright ban of bitcoin in a country that holds a very large percentage of the world's bitcoin miners, which is possibly 50% or more.
I am optimistic about bitcoin's future in the long run. It is not a ponzi scheme as others claim. However, due to the reasons listed above, I feel that it would be a hasty decision to approve an ETF to the general public at this time before the software issues, price manipulation and certain issues with China are fully resolved.
https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-136443.htm
21.
Post 18106440 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_15.04h):
srsly? that article is from feb 2
So? Did you read it? Do you see any difference between what's unfolding right now and the scenario it describes?
22.
Post 18106564 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_15.04h):
but all this forking talk is premature, none of this crap really means anything untill someone gets at least 51%.. even then... IMO if its "meant to be" we will only tell 5-15% of nodes to "Fork-off" as we upgrade the system(whether it's BU or Segwit), so no biggie really.
I would not be so sure about that. The hashpower distribution seems to be dangerously skewing to bigblockers side:
Actually, all it now takes is to persuade a couple of big Chinese pools to change their signaling from "8mb" to BU, and BU activation threshold is almost reached.
23.
Post 18287261 (copy this link) (by gijoes) (scraped on 2020-04-04_Sat_15.06h):
It would be stupid for Roger to take this offer - he can buy 2 BU coin for one core at Bitfinex BCC/BCU market right now:
https://www.bitfinex.com/stats