All posts made by skivrmt in Bitcointalk.org's Wall Observer thread
1.
Post 4212589 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.48h):
We got movement again.
Is this the last bull trap before capitulation or are we really fueling this train?
$800+ on Gox currently, nice buy orders in the last few hours for decent jump. I still see this as a bull trap but at some point the train will leave the station and these prices jumps won't always be traps...
2.
Post 4222197 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.48h):
soon we will find out*, how will this end? plot thickens... support nearly touched... stamp has minor volume
*probably absolutely nothing
I like the *. Probably won't find out much. Stock market volumes really low. XBT volumes really low. Yes we are touching support, but at relatively low volumes. It'll be interesting if anything changes later this week, volume wise...
3.
Post 4224315 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.48h):
That is one ugly looking triangle gandhibt.
What?! I think it be very pretty :
4.
Post 4368661 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.52h):
Is stamp down?
Trades are still going through from my end.
Down for me as well. Needing additional security or something.
5.
Post 4368828 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.52h):
Is stamp down?
For me down too
What a crash failsafe. Just shut down the exchange.
Probably they hired some GOX IT "specialists"
Genius, just close all the exchanges and watch btc price skyrocket to 1 million
It would kind of make buying them tough as well though, minor detail...
Bitcoin needs active exchanges for both sides of the coins for the price to increase!
(yes, I know you were kidding with your post!)
6.
Post 4392801 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.53h):
Hey, a law -student- says the government won't use the 152 year old law, so we're safe. Game back on.
7.
Post 4417391 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.53h):
I just tried to use overstock in the UK and bitcoin was not available.
It's in the US for now
The true spirit of bitcoin.
I suspect some money transmitting issues or fear thereof?
Overstock's Bitcoin disclaimer when checking out:
Bitcoin is a digital currency that allows you to quickly and securely send payments online. If you're already a Bitcoin user, click Submit Order to check out and pay with Bitcoin. For more information about Bitcoin, click here.
Returns and refunds on orders purchased with Bitcoins are eligible only for in-store credit, except in the case of cancelled or unfulfilled orders. Bitcoins can only be used for orders shipped to the United States. See full Terms & Conditions.
8.
Post 4688286 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.58h):
So what's wrong with this current quote from Bitsimple? You only get one guess.
BUY PRICE: $789.64
SELL PRICE: $822.12
Still waiting for my activation code via email and yes, I did check spam folder, lol.
9.
Post 4688670 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.58h):
bitsimple.com is live
no one has to use an exchange again!
btw this is the new fastcash4bitcoins.com
edit, there is even news! http://www.coindesk.com/tangible-cryptography-raises-600000-for-bitcoin-sales-portal/
So what's wrong with this current quote from Bitsimple? You only get one guess.
BUY PRICE: $789.64
SELL PRICE: $822.12Still waiting for my activation code via email and yes, I did check spam folder, lol.
the price is not wrong. yes, you pay a bit more for this service but it is fast, as in you can get the money in a few hours. not weeks or months.
this is so much better than gox or coinbase.
plus you can buy and immediately sell for profit.
I think you guys are missing the point. It's listed backwards. You can BUY at $822 currently, not sell.
Think of the nice quick and easy arb play if a buy price is less than a sell price...
10.
Post 4754035 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_11.59h):
I had 8.5 BTC withdrawal from Gox 4-5 days ago, it went smooth too.
I've withdrawn BTC from Gox as well and it went smooth. Not sure anyone is arguing or disagreeing with that point.
When was the last time you've tired a USD or EURO / SEPA withdrawal from them over $1k and it's gone through?
11.
Post 4800268 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_12.00h):
The New York State Department of Financial Services (NYDFS) is holding a public hearing on the regulation of virtual currencies on January 28 (11:30 a.m. to 4:30 p.m. EST) and January 29 (10:00 a.m. to 4:00 p.m.) in New York City.
http://www.totalwebcasting.com/view/?id=nysdfsGet your Popcorns Ready.. action incoming
its started
click here and enjoy
The guy currently speaking is -very- pro Bitcoin bringing up some excellent points. But in the end, its NY. Anyone know anything about doing business in NY, its called regulation, then more regulation, then when you're done, add some more regulation in, you know, just for fun.
12.
Post 5078906 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_12.06h):
Anyone use itBit? Decent exchange out of Singapore with fairly sizable seed money. Anyway, they came out with a PR basically saying Mt Gox full of shit (in nicer words of course!)
http://us3.campaign-archive1.com/?u=0bb2d75783bccf5d0feedf3ed&id=bb87384196&e=cf173d21dd
13.
Post 7386231 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_12.53h):
WOW, LEAKED INFO ON BIDDERS FOR US MASHALL BITCOIN AUCTION
Barry Silbert, CEO for SecondMarket
Luther Lowe, director of public policy for Yelp
Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group
Fabrice Evangelista, quantitative arbitrage at BNP Paribas
Michal Handerhanm, co-founder and COO of Bitcoin Shop
Dave Goel, managing general partner of Matrix Capital Management
Dinuka Samarasinghe, investment professional
Chris DeMuth Jr., Wrangeley Capital
Fred Ehrsam, co-founder, Coinbase
Jonathan Disner, corporate counsel at DRW Trading Group
William Brindise, head investment manager at DigitalBTC
Michael Moro, director at SecondMarket
Jennifer R. Jacoby, lawyer at WilmerHale
Sam Lee, co-founder, Bitcoins Reserve
Avarus Corporation
PLUS YELP AND BNP Paribas (fourth largest bank in world)
source please. looks like a few start-up type people, and not as many wallstreeters as i was hoping for. can't complain though.
This just sample, 37 total
of which 27 are sure to go home empty handed
i'm starting to think people that said they coins might sell at a premium we're right!
I have a feeling one person is going to take the whole lot. The FAQs clarified the auction style.
I'm in the camp who suspects a premium being paid.
Not a chance a premium will be paid. Care to place a small wager?
There is enough liquidity over a weeks time on various exchanges to buy 3k (x9) in Bitcoins without much movement in the market.
14.
Post 7386344 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_12.53h):
Not a chance a premium will be paid. Care to place a small wager?
There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.
Dunno about premiums, but I'm willing to bet most names on that list would be
very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.
This. But would they risk looking dumb by paying over the odds?
Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.
15.
Post 7386449 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_12.53h):
Not a chance a premium will be paid. Care to place a small wager?
There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.
Dunno about premiums, but I'm willing to bet most names on that list would be
very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.
This. But would they risk looking dumb by paying over the odds?
Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.
Thinly traded stocks certainly do sometimes.
True. But Bitcoin averages, what, maybe 30k trades a day across the various exchanges? That's $18MM per day. Not exactly thinly traded!
16.
Post 7545476 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_12.55h):
We're going to the moon after the auction. You'll look back at it later and wonder why it wasn't obvious.
BTC was up 50% in a month before the auction was announced. Then insiders stopped buying, dumping began and a couple of days later the auction was announced.
A lot of the people that were buying and/or planning to buy will now be participating in the auction. All the losers will carry on buying on the exchanges as they were doing before the auction was announced.
BTC > $2000 by September.
-Never- use an absolute.
All the losers will not be buying on the exchanges. I'm participating with a group through SecondMarket for the auction. We semi-low balled our bid. If we get some coin, great! If not, that's ok, most of us are happy with what we already own and will probably not be purchasing more.
Downside of their auction is we needed to submit our bid by noon yesterday, non-SecondMarket bids due noon today, price has climbed $15/coin since then so our offer even a bit lower than we anticipated.. I'm guessing we won't get any coins, but hey, no harm no foul for making a bid!
I don't think bids will be made public but I'm willing to reveal our bid after the results on Monday are released so we can get a general idea of what bids were or were not accepted.
17.
Post 8197234 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.02h):
What I wonder, with these multiple hundred coin dumps: Where do they get them from? Do they print them?
24 * 6 * 25 = 3,600 new coins mined everyday. Miners sell them to pay bills (electricity, miners..).
This. For most people its a near break even or losing game for them with the current difficulty. This of course includes initial hardware, upgrades, electricity, etc. They -have- to sell.
18.
Post 8197492 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.02h):
It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.
2% instead of 5% is not protection. You are still being stolen from. And this:
2. The real inflation is an order of magnitude higher than 3%
(Though probably not quite an order of magnitude. More like 3x)
It's not a magnitude. It's higher. Magnitude technically is basically orders of 10. The CPI inflation "bucket" needs to be updated, but alas, government is slow on this things.
19.
Post 8367426 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.05h):
Usually a chart like this is fairly bullish. Very strange, the wave keeps going the other way "against" gravity...
20.
Post 8456001 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.07h):
Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.
I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper takes it down a notch.
Slow recovery, big dumps. Slow recovery, big dumps. Very familiar pattern lately...
21.
Post 8583474 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.09h):
so this is the moment where nothing is happening...
Not yet...wait, wait for it...yep, just happened...again...nothing...
22.
Post 8834373 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.12h):
Am I the only one that thinks the ETF is bullshit? Isn't it essentially a bitcoin derivatives market that will be manipulated to fuck and have nothing to do with anything that we as a community (once) all stood for?
An ETF can also provide hedging opportunities which a large company or merchant will need. Airlines don't buy spot fuel. They hedge. Bitcoin does not have a clean way to hedge currently. An ETF -can- provide that.
23.
Post 9128056 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.21h):
What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?
I think it is about 5 days on average.
Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.
International as in sending from the US to Slovenia? I send in the morning from the US, money is in my Bitstamp account and verified when I wake up the next day.
24.
Post 9128181 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.21h):
What is the bitstamp international wire deposit delay like? Any ideas? Might be delaying the response to the low prices?
I think it is about 5 days on average.
Edit: in case you are worried you will miss "cheap" coins, I dont think you have to, because there is still a big possibility that we will see even "cheaper" coins.
International as in sending from the US to Slovenia? I send in the morning from the US, money is in my Bitstamp account and verified when I wake up the next day.
really ? Interesting, I thought only SEPA is that fast, beside they say 5 days in their website... I am really impressed.
Been with them over a year, they have a copy of my passport main page for the KYC rules, and wires average between $5-10k each time. Not sure any of that makes a difference for clearing quicker or not.
25.
Post 9436579 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.29h):
You'd think this would be a tidal wave about to crash over for a nice run up...but...as usual, I'm sure a few walls will pop up to block the wave...
26.
Post 10266509 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.53h):
Dumpty dump.
Speaking of dumping...live...like now...
27.
Post 10420519 (copy this link) (by skivrmt) (scraped on 2020-04-04_Sat_13.57h):
Greece is a basket case. It's not all that complicated to understand if you have a solid grounding in economics and human nature. Tsipras and Varoufakis are lefties elected to erase the consequences of a country spending far more than they earned for a prolonged time period. They face an impossible task and they know it, so they are busy blaming others for their obvious impending failure to do what they promised to do. Breaking promises seems to be the Greek national pastime. No sane person would want to negotiate with these bad faith actors even if they weren't deluded socialists.
This is essentially correct. Greece has had a negative trade balance for a very long time now, with no improvements on the horizon.
Greece will get kicked out of the EU. The EU is going to crumble because Greece is far from the only country in such economic dire straits. They are merely the first to default. These sovereign defaults will either take down many large European banks or usher in an era of massive currency devaluation. As nation after nation in the EU goes back to their own national currencies, Germany will find itself in a position of having nobody to sell it's goods to that has any money. Capital will flow in torrents into safe places, first Switzerland and England but later and in greater volume the USA.
This is completely wrong and demonstrates a clear lack of understanding of both European politics and European economics. Our institutions are complex and never straightforward. Even most Europeans don't understand them. You would do well to learn more about them before saying rediculous things like that.
Nevertheless: Greece will not be kicked out of the European Union. They will not leave the Eurozone or be kicked out of it. Leaving either the Eurozone or the Union would not absolve their debts. There will be more negotiations. A settlement will eventually be reached. The EU will continue to heavily subsidize Greece, which Greece is dependent on to survive. Their economy will take a turn for the worse but they'll still be better off than in any other situation.
As a whole, the EU is still running a trade surplus and is as such doing okay. Despite what you believe, Germany amounts to only 20% of the EU's economy and does not dominate European policy. This percentage is actually shrinking as eastern Europe developes. There is no massive currency devalutation nor is there one in the making. There isn't a single serious effort to reinstute national currencies, as not a single country would stand to benefit from it.
There is a whole lot of exaggeration when it comes to European economic and political instability (which is mostly just perception), and it seems you've fallen prey to it.
I 100% agree. It's not in the EU's best interest or Greece's best interest to leave the EU. In the end though, I think it's at least possible, many years down the road, as negotiations fail and their economy fails for them to "voluntarily" leave the EU...
