All posts made by xxjs in Bitcointalk.org's Wall Observer thread



1. Post 2142823 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_10.58h):

Quote from: samson on May 14, 2013, 10:43:01 AM
UK taxmen, police and spies look at Bitcoin threat

http://www.ft.com/intl/cms/s/0/42ca6762-bbfc-11e2-82df-00144feab7de.html#axzz2TGEytQ2t

Bitcoin is a threat now!

paywalled link

http://www.ft.com/intl/cms/s/2/42ca6762-bbfc-11e2-82df-00144feab7de.html



2. Post 2420866 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.03h):

sarcasm: Well, this is a good time for the Fed to start regulating - just buy some!



3. Post 2550664 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.06h):

Quote from: adamstgBit on June 22, 2013, 04:29:47 PM

I'm going to a very important meetup, we will be discussing our buying all the bitcoins in existence  Cool

Hey, don't do it! Price would go to 0.



4. Post 2607597 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.07h):

Personally, I don't care how low the USD/BTC goes. I am an entrepreneur. I use my knowledge of cryptography, money systems and computer sercurity, and combine it with general knowledge of the world. Yes, I am relatively fearless. Using this competency, and the means and the balls to actually do something, I plan to profit big time on this.



5. Post 2607607 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.07h):

In short, long time bullish short time couldn't be bothered.



6. Post 2634427 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.08h):

The VV twins ETF can only be positive for the price of bitcoins. One - the publicity, and two - the spread of the shares to new users.

The ETF does not represent money supply increase, since the ETF shares are fully backed.

If the twins sell all the shares, keeping none to themselves, they have dollars to buy another 100K coins.



7. Post 2975791 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.13h):

Quote from: Gatekeeper on August 20, 2013, 07:46:51 PM

Yes, they'll keep it afloat as long as they like but i think George Soros knows where the markets are heading with a $1.25 billion put on the S&P 500. It certainly feels like a storm is brewing and i hope it will be a wild ride   Grin
http://blogs.marketwatch.com/thetell/2013/08/15/soross-biggest-holding-a-bearish-call-on-the-sp-500/



But noone has said what his put price is.



8. Post 2985147 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: gandhibt on August 22, 2013, 08:58:45 AM
the main question on my mind, which I probably won't get an answer...

The rule of thumb is if you don't know what the market is going to do or the conditions on the market are abnormal, stay away from the market.


good rule, that would probably end up ruling out a majority of those involved in "the market"

Yes  Smiley

Isn't USD a "market"? So you are holding USD, but don't know shit what the USD "market" is up to?

Exactly. You can not be in or out, you are always in, because all assets are priced in a marked. The "being out" in common language must be more precisely defined to mean being in the most safe asset available. Traditionally, that is the fiat currency of the land, but if you believe there is going to be volatility in the fiat, bitcoin is the place to be in when you want to be out.



9. Post 2986557 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: ardana123 on August 22, 2013, 01:47:58 PM
Ok a little off topic here but i'd to know what you trolls think.

Dollar vs euro, bullish or bearish? I know the fed wants to go ahead and window on its QE, which is bullish for the dollar. The ECB seems to be backing QE for the time being. Plus the recession is still raging in the southern states, with probably plenty more problems ahead.

Speculation: USD will be the last fiat standing, so i expect USD to appreciate (more users and more demand per user). More debt (including bank deposits) will not do, so they will start printing the actual dollar notes. Until they get the presses going fast enough, then the usual inflation again.



10. Post 2995966 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: spooderman on August 23, 2013, 11:58:35 PM
zzzzzzz

While you sleep, the dollar coins collect dust in a vault somewhere, the dollar bills fade, and the gold coins rust (oops that was in another empire sometimes somewhere).



11. Post 3000524 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Just look at the fundamentals. The media coverage, innovations like kipochi and buttercoin. It can not go down much from here.



12. Post 3017934 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Could it be ... gosh .. end of the world ... someone who wanted 10K coins?



13. Post 3018422 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: ManBearPig on August 27, 2013, 12:54:16 PM

But what role does Occam's Razor have in this market? Tongue

Attach a formula to it, like the double derivative of sin(), through it to the even-toed ungulates, and see what happens.



14. Post 3028506 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: adamstgBit on August 28, 2013, 05:41:45 PM
Bitcoin will continue to rise steadily, and reach a new all time high right before the new year.
I hope so too, but why do you have the need to say it out loud as a prediction?



15. Post 3028536 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: xxjs on August 28, 2013, 06:15:43 PM
Bitcoin will continue to rise steadily, and reach a new all time high right before the new year.
I hope so too, but why do you have the need to say it out loud as a prediction?

Otherwise I commend you for stating it as a factual prediction, compared to others who might say it's going down in the short to medium term, which is nothing.



16. Post 3028555 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: Hawkix on August 28, 2013, 06:17:04 PM
one, at the moment the price is low (300 to 400M USD), but *interest* to attack btc directly is also comparably low. That might chance as btc becomes more established, but then the *price* will also be higher.

That price of attack is overestimated by factor 10 or even more.

Even by buying ASICMINER Blades (and he sells them still with large profit), you can get 1GH for 0.3 BTC. So 1 TH is for 300 BTC, 600 TH to ride 51% attack is for 20 million USD. THAT CHEAP.

The above price is assuming the attacker is acting with own economics in mind. NSA or others do not have to act this way.



If someone aquires 51 % hashpower and continues with the same protocol, it is not really an attack, is it? If that someone changes the protocol to something obviously worse, a real bitcoin fork can continue as before, can it not?



17. Post 3028834 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: telemaco on August 28, 2013, 06:56:31 PM
out of topic.

How is possible that we still have BFL ads on bitcointalk??

why not?

some companies follow the ethic some others not and some are at the borderline. There are many customers that feel scammed and somewhere in the forums there is a thread with 35 pages talking about suing them in kansas. Just hope they don't demotivate any newcomer or that they cause government to interfere more than needed

We need a scammer tag for ads. That would be an innovation!



18. Post 3031142 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

Quote from: spooderman on August 28, 2013, 08:03:10 PM
180 by last friday

It is hopefully a very long time till last friday. Smiley



19. Post 3057666 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.14h):

A new montly high tonight CET would be nice.



20. Post 3076117 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: JimboToronto on September 04, 2013, 12:03:47 AM
Flat day at MtGox.



Calm before the storm?

Was that a grey candle?



21. Post 3089691 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: adamstgBit on September 05, 2013, 05:51:05 PM

a sign of the inflation (maybe hyperinflation) to come?

no, LOL. This is a sign of deflation. An upward rate decreases pool of prospective buyers for many assets, forcing holders to sell at lower price.

the increase is foreshadowing inflation.

but i agree with you, this will make a lot of money leave the markets...

this is not good of for the US economy.

time for more QE?

I like to follow this indicator. The mainstream media connects the events randomly, like "Yield rises as car sales surge", without much reasoning. The real reason could be folks starting to distrust the safety of the bonds. We'll see.



22. Post 3092827 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: adamstgBit on September 06, 2013, 05:03:00 AM
10 Year Treasury Note is now at 3.01%: http://www.marketwatch.com/investing/bond/10_year

Can someone explain to me why this is really significant? What does this have to do with Bitcoin? I'm currently not seeing the relationship. Thank you.

it has nothing to do with bitcoin
it has to do with the fiat system falling apart
bitcoin will not be affected by this.


 Cheesy

I like this indicator. The mainstream still regards the bonds as absolutely safe, so they try to assign reasons for the hike to the prospect of tapering, and the reason for that again the glorious econonomy. I call this reasoning really a stretch. It is not evident that there is a growing economy at all, and the QE logical step in between is heavily influenced by a single person. On the other hand I base my thoughts on that the bonds are not really safe and that the mighty Fed is not mighty enough to in fact regulate those yields, that is, the yield rise may be the result of the market believing less and less that the bonds are safe.

The reaction from the Fed could be anything, remember their actions are based on a flawed economic theory. I would not be surprised if they accelerate the QE. You know, "let's jump start this economy". They could also turn on the dime and decide that QE is too risky. Who knows.



23. Post 3095753 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: MAbtc on September 06, 2013, 04:42:29 PM
*sigh*

Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a  space lizard being remote controlled by a geostationary Illuminati satellite?
(raises hand)

People get pretty animated re "economic collapse!" on these forums. I guess I was the same way when I got into right-libertarian theory years ago. I now know not to underestimate this system's capability for sustaining the unsustainable. We're always on the brink around here, though!  Cheesy

Everyone running around talking about a bubble is a fool until the bubble breaks.



24. Post 3095792 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: xxjs on September 06, 2013, 04:58:53 PM
*sigh*

Are there any bibcoin beliebers other than me that don't actually think the world economy is about to collapse, fiat is just a ponzi scheme and that Bernanke is about to reveal that he's just a  space lizard being remote controlled by a geostationary Illuminati satellite?
(raises hand)

People get pretty animated re "economic collapse!" on these forums. I guess I was the same way when I got into right-libertarian theory years ago. I now know not to underestimate this system's capability for sustaining the unsustainable. We're always on the brink around here, though!  Cheesy

Everyone running around talking about a bubble is a fool until the bubble breaks.
And I might add, he is still the fool after the burst, because he didn't ride the bubble and sell off in time. A bubble burst victim can always put forward that he got in before the bubble started forming, and in the years between he lived in a really nice house.



25. Post 3122085 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Look like MtGox have stopped for some minutes - or is it I that is offline?



26. Post 3122131 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: xxjs on September 10, 2013, 02:17:55 PM
Look like MtGox have stopped for some minutes - or is it I that is offline?

Ok BTC China - have a go at it.



27. Post 3123421 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: NewLiberty on September 10, 2013, 04:26:03 PM
If you offer a stop loss would you not simply put the coins for sale at the stop loss? How can they end up not being sold then?

Example:
 1. imagine you have 10k BTC
 2. set stop loss @ $130
=> there is not buyer who can buy your coins

The only way you could do it would be to have the script / engine monitor the bid depth and dump accordingly and in advance as the price falls.

If someone else dumps a large amount of Bitcoin - something like 5-10K moving the price straight past your stop loss trigger point then you would be out of luck and could end up missing your sell point by a large amount due to the low liquidity and huge swings in this market.

Yes, in such a case, you would get much lower than 130. 
A large stop loss on real exchanges is what the day-traders and bots are sort of hoping to trigger...  if they can sell into the stop price, and trigger the big sell, they can then buy after the stop-loss triggered market-order selling is done (and any other stops that such selling may trigger) and then get cheap coins.

Thin markets are decent reasons not to have stop loss orders, but offering the option for folks to do it anyway may be in the best interests of the exchange from a pure trade-revenue perspective.  If they were trading their own exchange, then it would REALLY be in their best interests, though that would be inviting the SEC in a away that would best be avoided...

Good point. If you don't trust the exchange, arrange for a client side stop loss function. At least no one would know exacly your stop loss order.



28. Post 3123587 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: Loozik on September 10, 2013, 05:39:34 PM
Good point. If you don't trust the exchange, arrange for a client side stop loss function. At least no one would know exacly your stop loss order.

Do you know any good clients / front-ends that work with MtGox?

If you have a fixed stop loss limit, just enter an order before you get to bed. For a normal stop loss, where you want to sell after price is down a certain amount, I guess you can use any of the bots ( I havent tried them). You also need to decide if you want to sell for any price or for a minimum price. Personally I have a buy and hold stragegy, but earlier, when I traded in shares, I did not like stop loss because the suspicion that someone can trigger them for the effect. This can of course be done also without knowing the exact list of the stop loss orders.



29. Post 3124242 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: uhoh on September 10, 2013, 07:16:20 PM
WB to "the world's most sophisticated trading platform."

It can't even compete with NASDAQ on downtime. 3h15min against nasdaqs 3h.



30. Post 3125765 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.15h):

Quote from: ArticMine on September 10, 2013, 07:42:47 PM
WB to "the world's most sophisticated trading platform."

It can't even compete with NASDAQ on downtime. 3h15min against nasdaqs 3h.

NASDAQ does not even come close to what MTGox and most other Bitcoin exchanges do when it comes to uptime since the Bitcoin exchanges run 24 hours a day 365 days a year.

Yeah, I forgot the sarcasm tag. I see that Gox have problems, but they have also been a trailblazer in uptime.



31. Post 3184311 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.16h):

Quote from: bitcodo on September 18, 2013, 07:07:13 PM
Who is that Bernanke guy?

Treasury notes down, silver up.

And bitcoin?

Bernanke is in panic do nothing mode.



32. Post 3227647 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.16h):

Back above the monthly average - at last. Walls? No walls.



33. Post 3260731 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.16h):

We now have a 16-17 USD diff between stamp and gox. It seems that the "1 BTC several times a minute"-arbitrageur has used all his steam for the time beeing. Awaiting more arbitrage as soon as fiat (deposits) have moved from gox to stamp.

This arbitrage, and more to other exchanges, should provide some damping to the dump/panic buy movements on gox. Maybe the next bubble (entrepreneurs having temporarily too much faith in bitcoins rapid world takeover) will be a tad more leant back.



34. Post 3287322 (copy this link) (by xxjs) (scraped on 2020-04-04_Sat_11.16h):

You have just watched the Great Silk Road Panic of '13