Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13257. (Read 26707059 times)

 I only know that if too much bile salts get to your lower intestine, you're gonna ruin a nice suit the hard way.

Become an entrepreneurial, gig economy hustler until you can start your own company selling overpriced widgets and gewgaws.  Is this the lesson? Why are people impressed with this book

I'd rather reread 1984. Ibian says it's vital.

What was wrong with you? Too much salt? Or bile?

 I have a pretty good sense of humo(u)r and I know you were kidding but this back tie thing... as far as I knew in my youth, suits were for weddings, funerals and job interviews.  I turned down a career in IT with Deutsche Bank due to the suit-wearing requirement.   It's really hard to have a nap on the bathroom floor in a suit - that's all I'm saying.

i wasn't really betting against bitcoin, just had nothing left, so had to take bigger risks with relitivly unknown alts.  It could have gone the other way, but the crypto gods were favorable.   I have only shorted bitcoin a handful of times, and even then low amounts.

I have nothing against bitcoin, my only problem is bitcoin evangelists, that only see bitcoin is going in one direction, and try to make out your point is not even worth contesting.  I would reconmend anyone to buy bitcoin, but proceed with caution and buy at the right time.  Now could be the right time, or it could be later.  

But as for "continuously spewing bear scenarios?" , I haven't, there are a few short term bullish posts too.  But if you want to challange that fine, just bear in mind as per my post on 20th Jan 2018, I sold my trade at 12800, and it never got close to that price again.   So until the price is above that, i was right to be mainly bearish for that time.

Im short term bullish atm, which may become long term or may not.

Oh brother

 My sister bought me a book by Mark Manson recently.



 I think it would be a good supplemental read when you finish with Jimbo's suggestion.

I've read a tenth of the book so far.


I hope it gets better.

 That is comedic gold Jimbo   Sorry I'm out of smerits!

I'm scared. I'm out

Bro, you seem to be getting more and more morose every day.

I realize you've had health issues lately but for your own good, I think you should try to foster more positivity.

I stumbled on this PDF I downloaded months ago and started reading it. I think it might have been from a link here in the WO.

Dude thinks a lot like me. Give it a try.

http://www.lequydonhanoi.edu.vn/upload_images/S%C3%A1ch%20ngo%E1%BA%A1i%20ng%E1%BB%AF/Rich%20Dad%20Poor%20Dad.pdf

 I would worry less about your private keys and more about your private parts.  You need a chastity belt rather than a tank if you plan to get drunk.

Dumping the whole space into years long despair oblivion could work for a while.

Typical. The banksters all chant the shibboleth "blockchain technology good, Bitcoin bad" while totally missing the point.

There's nothing wrong with "blockchain technology" but the real breakthrough and value of Bitcoin lies in decentralization and lack of control.

Indeed. I would like to hear Jamie explain - if the gubmints can't control cryptocurrencies, how are they gonna shut them down?

So the best option can be 20. But if you look really 5-10 is not so much.

Sorry Bob, but that's just a little too brokeback for some of us breeders.  


Oh OK. Just saw your post.

Liquor in the front, poker in the rear?

by latest estimates, there are less than 10,000 wallets with more than 100 btc.
I saw the edit.

Random thoughts spurred by referenced article:

1) After clarifying that, under current US regulatory regime, Bitcoin is classified as a commodity, the author goes on to describe requirements for entities dealing in commodity futures. Relevance? None that i can see.

2) Unless, as seems likely from the article, ICE is planning to be able to engage in partial reserve Bitcoin trading:
"The federally-regulated exchanges require clearing services that effectively remove credit risk for both the buyer and seller. The clearing house guarantees that the seller will deliver the sugar, coffee, or gold as agreed under a futures contract, and that the buyer will make the full payment. If either fails to perform, it’s the clearing house––which is jointly funded by the trading firms that are members of the exchange and its owner, in this case ICE––that makes good on the delivery or the cash."
We -- the Bitcoin community -- may need to crank up our educational outreach to clarify to the incoming masses that a Bitcoin IOU is not the same thing as a Bitcoin.

3) "By the market close, the ICE clearing house would have arranged to route the cash from the buyer’s to the seller’s bank account, and the Bitcoin tokens would be en route the to the Bakkt digital warehouse."

4) Article describes txs between parties within the Bakkt system as simple database txs, then later goes on to describe this as 'closely resembling the Lightning Network'. I question they know WTF they are talking about,. Perhaps the ignorant author got snowed by Loeffler, the former ICE marketeer and master of outbound communications?

5) ”Bitcoin would greatly simplify the movement of global money,” says Sprecher. “It has the potential to become the first worldwide currency.” - needs no comment

6) "If Bitcoin became the chief currency for retail, it’s likely that credit cards would disappear.
So would ICE and Bakkt be antagonizing ICE’s main customers, the major banks? Not necessarily. Despite the large fees, banks typically make little money processing purchases, since they mainly return those fees to provide services such as fraud monitoring, call centers, and providing rebates that go to such rewards as frequent flyer miles and rental car discounts. Where the banks make big money is on the interest charged on balances on credit cards. Changing the purchasing system wouldn’t alter the amounts that folks borrow, just where they hold those balances."
Bitcoin credit. Hmm.