All posts made by tmfp in Bitcointalk.org's Wall Observer thread
1.
Post 9414186 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.28h):
"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."
~Bitcoin Jesus
Oct 5th.
2.
Post 9414582 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.28h):
If I had to put my tinfoil hat on...for a measly $4.4Billion the establishment is slowly buying up all the Bitcoin not to make money...but to collect them all and destroy them one day.
I wear the same hat since I've seen too many large dumps out of the blue esp. in the middle of weekends making no sense from a legit trading logic (except than blatant manipulation).
Wearing the same hat, the reptilians can destroy Bitcoin's credibility, as well as paying for the whole operation, simply by pumping and dumping, rinsing and repeating. Wider adoption of Bitcoin will be unlikely if the fiat exchange rate continues to fluctuate wildly.
3.
Post 9513223 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.30h):
He should have put it in his finger, digital technology.
4.
Post 9513660 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.30h):
If one were to go long 20x here, you wouldn't get margin called until about $350 and it might not go down........
Sounds well thought out.
5.
Post 9554816 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.32h):
yup, which is why i love roof in and drop losses, either way, if you are unsure of which way, you can take a position and let it run and see what happens. If you are right, awesome, if you are wrong small losses but you can bought/sold based on what happens. Win win
Sorry, could you explain a bit more what you're talking about here?
Thanks.
6.
Post 9555213 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.32h):
yeah, well i am running that strategy atm myself. I am bought (i probably shouldnt be, but i just rebought), but I have a roof in at $400 and my drop loss at $365. We will see, but its a nice risk mitigation technique.
I have to ask, or it's going to eat my alive: what's the difference between a drop loss and a stop loss?
Is it related to a timid order? Or a barge in account?
ah well i am involved with
haasbot, which is a bitcoin/altcoin bot. One of the features it has is roof in and drop loss (drop loss is basically a stop loss on an exchange), whereas a roof in will execute a buy if the price that is entered is reached, which is $400 for me, atm.
Trying to understand this, please bear with me, you mean you now are nett long around current prices which you will stop out at 365 and take a loss, but if the price breaks thru 400 then you will add to your long?
7.
Post 9555511 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.32h):
yeah, well i am running that strategy atm myself. I am bought (i probably shouldnt be, but i just rebought), but I have a roof in at $400 and my drop loss at $365. We will see, but its a nice risk mitigation technique.
I have to ask, or it's going to eat my alive: what's the difference between a drop loss and a stop loss?
Is it related to a timid order? Or a barge in account?
ah well i am involved with
haasbot, which is a bitcoin/altcoin bot. One of the features it has is roof in and drop loss (drop loss is basically a stop loss on an exchange), whereas a roof in will execute a buy if the price that is entered is reached, which is $400 for me, atm.
Trying to understand this, please bear with me, you mean you now are nett long around current prices which you will stop out at 365 and take a loss, but if the price breaks thru 400 then you will add to your long?
no, this is without leverage, as I will being going to sleep soon, so I don't want to miss any action based on what happens while i sleep.
You mean you have no open position at the mo, but the bot will sell short for you if the price breaks below 365, or buy on a breakout above 400?
8.
Post 9575489 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.32h):
US Marshall's announce DPR sale perfectly timed to stop bull trend establishing in several major timeframes.
Justice. Integrity. Service.
Bitcoin is beginning to smell suspiciously like the Gold market.
The Central Banks don't need an excuse to sit on the paper gold market, they just do it as a matter of course.
9.
Post 9585926 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.33h):
have you guys noticed this?
Yeah....I recognise that, I saw the same pattern on my excellent online trading tuiton course, nightmarescenariochartformations.com, (only $99, worth every cent) ....called a head and shoulders, isn't it?
10.
Post 10135330 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.47h):
Is the low price because of all of the Ponzi mining companies finally coming to their natural end?
I doubt you're being serious, but I'd think that people who have bought speculatively would be getting more and more desperate to show any profit as the price continues down, thus more vulnerable to investing in scams supposedly offering a way out of the mess they're in.
11.
Post 10185311 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_13.50h):
12.
Post 11084467 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_14.11h):
Good morning, gentlemen. I hope you're proud of yourselves.
inb4 victimless crime: don't even go there
That Jerin Mathew can't even spell it right twice in a row. (compare the headline with the actual article)
Such spelling, such journalism.
To be fair to Jerin, a sub editor probably spelled it 'peadophile'. What do they do, lust after baby vegetables?
Re: the price, I know that TA isn't everyone's cup of tea but the way I read my charts there's no justification for buying now. Bulls should just hope for a double bottom around 180 and a bounce/rally from there.
13.
Post 11088337 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_14.11h):
Confirmed.
The next 24 hours are going to be the next 24 hours.
14.
Post 47936653 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.13h):
15.
Post 48267634 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.16h):
I guess we're going to see a big swing in value today. Hard to predict if it'll be upside or downside.
We are due a short squeeze soon.
Do you think there's that many shorts in the market?
On a derivative platform I have open for index trading, which also lists BTC, they've got 71/29 overall long atm with daily trading over the last couple of weeks maxing at 57% shorts (today).
If 3600 holds on an hourly close today then a couple of upside targets would be 3800 then 4000 for me. A break of 3600 and it's anybody's guess, certainly 3k on the cards.
imo. fwiw. etc.
16.
Post 48492816 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.18h):
The next few hours will be crucial.tm
Given the weakness in equities, I'm a bit disappointed that there doesn't appear to be any "safe haven" hedging role for Bitcoin.
17.
Post 48533609 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.19h):
Does the seller side has to have the bitcoins when the contract is made?
No. That's the whole idea behind "regulated" bitcoin markets. You don't need to have a single satoshi to sell thousands of bitcoins and suppress price.
Bankers think that bitcoin ETFs will solve bitcoin supply "problem".
When the contract expires seller has to anyway have to get the coins from somewhere to be able to sell them to the buyer?
Nope. Actual delivery of bitcoins is forbidden. Just like in gold futures and ETFs. At the expiry date profit/loss is cleared through the seller's margin deposit which is in dollars. If the seller is systemically important bank and they did the wrong bet Fed will print new dollars and will give them to pay for their loss.
The buyer side was there to buy some bitcoins. If he will not have them, what will he have? The dollars?
The contract said for example buyer will buy three bitcoins for price 3500$ per one coin which is total 10500$. But the day price is 4500$ per bitcoin which is total 13500$. So the buyer will have 3000$ for bank account?
Yes, buyer will have $3000 credited to their margin deposit/bank account.
Regulated bitcoin markets are not for trading bitcoins but for bets on the future bitcoin price. Profit/loss resulting from those bets is paid in dollars. So, if you have unlimited access to the dollar printing press you can sell 21 million bitcoins without having a single satoshi.
Futures markets were originally designed for "hedging" commodity prices, so that producers could plan and lock in a profit and buyers budget for their material costs while the actual "real" goods were on a boat somewhere.
I wouldn't be surprised if Bitcoin miners have been hedging their production by shorting futures since the bear market started (and derivative crypto trading became easier) and then simultaneously closing the shorts and selling the "physical" bitcoins as they mine them.
As Bitcoin isn't a consumable commodity in that original sense, there aren't the counterparty hedge purchases being done, only speculative buying (or not).
18.
Post 48729733 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.21h):
An interesting read about actual exchange volumes.
I haven't fully checked out the Blockchain Transparency Institute, but superficially they appear to be legit:
with over 50 exchanges wash trading over 95% of their volumes
Many of these exchanges exist solely to collect these [listing] fees while their bots run their exchanges.
Based on this data over 80% of the CMC top 25 BTC pairs volume is wash traded.
https://www.blockchaintransparency.org/
19.
Post 48765352 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.21h):
20.
Post 49366444 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.27h):
Any time is the right time for a bit of
XKCD
21.
Post 51698783 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.54h):
London financial pages tonight
Presumably the "market abuse" also refers to the $40 buy/sell spread currently applied to Bitcoin by IG (UK's biggest deriv platform).
Propaganda?
That newspaper article is in the London Evening Standard.
Editor?
George Osborne, ex Chancellor of the Exchequer, currently maneuvering for Lagarde's job at the IMF.
22.
Post 51698964 (copy this link) (by tmfp) (scraped on 2020-04-04_Sat_16.54h):
"ill suited to ordinary consumers"
Whereas, of course, other derivatives such as the Market Vectors Semiconductor ETF are perfectly suited to the "Man on the Clapham Omnibus".
But, just like cigarettes, UK derivative platforms all contain a Government Health Warning
74% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
