Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12240. (Read 26608199 times)

Bored

I want to break free

from this range

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?

I have the fear that what we are observing is bitfinex exiting from their fractional-reserve scam, almost unnoticed.

Bitcoin was pumped really fast with really big volumes, and I think that the retail FOMO in 2017 was not a cause, but a consequence of such pump. The pump was sustained by finex's tethers, either if they were real or not.

I think there's a chance this is a well-executed "willy bot" pump and dump, markets are crazy but there are too much people buying and selling in panic without reason for this to be real.

You guys are completely delusional.  When the global debt bubble implodes, bitcoin is going to be completely worthless and unusable, and I'll be lucky if there's any economy still existing that I can spend physical metals in.  The currency might simply be martial law and Venezeula looter mobs.

The debt bubble implosion cannot be solved by inflation aka inflating away debts until they're servicable to kick the can down the road.  There are just too many broke ass people that don't even have assets for the PPT to rig the price upwards on, but those same people with no assets do have debts.  The only way you could even attempt to do such a thing is literally helicopter money - the govt just handing people money for no reason, but every nation from the US and China and so on would probably all have to do it.

Global coordinated helicopter money isn't plausible.  You could make the claim bitcoin is the first real world implementation of helicopter money and the govt could just rig the price upwards on that, except for the fact bitcoin almost instantly became centralized after release and controlled by Chinese mining cartels.  So rigging the price upwards on bitcoin does absolutely nothing since it only goes to 0.000000000001% of the population - Chinese miners and a couple random gamblers.  If bitcoin was a govt attempt at helicopter money, it failed miserably.

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.

When the contract expires seller has to anyway have to get the coins from somewhere to be able to sell them to the buyer?

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. Seller doesn't sell bitcoins but bitcoin promissory notes. Bankers think that through bitcoin ETFs they will solve bitcoin supply "problem".

Yes there 'has to be' a relief rally for these shorts to buy themselves out.
But it doesn't have to be here.
Could be at 2.8, 1.3 etc

So when that short close? Where is the source of it?

The future. Cunningly disguised as
I'd be running around trying to find out why the crash happened.
Did the tptb suicide a buncha 'core devs'? Did it get banned by the G20/Gxx? Did the miners really steal the segwits?
The sort of news that affects price in dollars, but doesn't touch Bitcoin itself?
Or is it something actually serious?
Not gonna elucidate on those possibilities.
If it wasn't serious, I'd fill my bags and answer newbie bleatings here and elsewhere.

Getting ready with some popcorns...

An idea for a movie script just came to me, inspired by probably real life events and situations of Roach. Perhaps someone with some writing talent could run with it, Im sure hollywood would love it and Shia Labeouf could really use a comeback role.

 Our antihero is a young Jewish boy nicknamed Roach. He goes to an all Jewish private school and falls in love with a young girl. After a brutal and humiliating rejection young Roach swears off women as retarded subhumans and begins to hate the Jews. Being a Jew himself is somewhat of a dilemma so he comes up with a theory that his evil parents stole him from a white family using typical Jewish tricks layed out in The Protocols. He then grows a bit older and finds his only solace in stacking silver and hanging out with the only group of people on Earth tolerant and kind enough to not ban him from their internet chat thread(Enter the Illustrious Wall Observer Bitcoiner Team with all the stars you know and love). Fast forward to the year 2022 set at the Wall Observer 100k party at Voodoo Lounge in Las Vegas. An older and even more bitter Roach, soul crushed by the crash of silver and all other PMs comes to the party via coin raised by our Wall Observer heroes. Everyone meets Roach and feels sorry for him and the poverty and sadness that he is living in and also quickly figures out that he is indeed Jewish. Everyone at the party except for Roach is very wealthy and they marvel at how someone could have been exposed to so much Bitcoin knowledge for so many years, but be so emotionally disturbed to not make the right choice and become a wealthy hodler. In a drunken stupor some Wall heroes decide to gather up some dust they had lying around and add it up into one trezor which they give to Roach. Roach is so overwhelmed at the generosity of people who he ranted at insanely for years that he vows then and there to be a better person. Now he has enough money to escape his Mcdonalds job and our antihero meets a Jewish girl on a online dating app. They fall in love and Roach dedicates his life to bringing peace and love to all the races and spreading the word of Bitcoin to precious metal bagholders. At the end of the movie will be a plot twist. Our antihero finds out his beautiful pregnant Jewish fiance was born a hermaphrodite. But that is a sequel and story for another day.

Try harder

This price is shit.

Oh please, you're just mad because you know your original statement is probably irrational unless you can prove the Higg's field is a uniform, connected lattice spanning the entire universe and 'disturbing' one part of it causes the entire thing to collapse in a domino effect, or that the field is even entirely uniform in the first place.  

Adjusting one part of it isn't gonna do a whole lot if it's non-uniform by default, so I think your statement kind of requires it to be some ultra-fragile, uniform lattice where the whole thing implodes like Jenga blocks by moving a 'vertex'.  Anyway, I like modern physics entirely as a sci-fi movie, but can't be bothered studying in intricate detail all 5 billion wrong guesses for how the universe is put together like Brane theory and every other off the wall thing.  They need to segment the shit off into two parts: observable and non-observable phenomenon, instead of pretending it's all the same category.

No, just hodl. You know that already.

This is just a response to a hypothetical situation which has no chance of happening.

The failure of BTC is a real risk (but low in probability). You should try to factor in every possibility no matter how remote. It's a way to think outside the box.

Future is an agreement whereby one party undertakes to buy and the other sell some commodity at a specific price at a specific moment in the future.

Does the seller side has to have the bitcoins when the contract is made? How it is made sure the seller have them when they are needed to be sold?

And how it is made sure the buyer has fiat to buy?

 I second that.
Also, I guess I might begin accepting the overtime hours offered where I work again.  On second thought, I wouldn't work extra hours (I've spoiled myself - I said sPoiled!), I'd just go back to drinking Eight o'clock or Chock full o’ Nuts coffee again and riding a bicycle (or skis depending on the season).