Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13759. (Read 26712937 times)

bisq is p2p akin to localbitcoins


I'm working on one that is sort of like a decentralized tether...turn the fiat to crypto then set it free to be traded like other crypto-crypto.

this^  BTI(BTCInstant) is going to be listed here soon ~ i'll keep you posted weeeeee

I bet they do. In their place, I would.

I think I read somewhere, don't the major miners employ short contracts to hedge the price?

https://bisq.network

That was fun. Thanks for the share. Can't wait to meet up with you other "earlies" in the citadel.

But... Is that even possible? I mean, a FIAT decentralised exchange? The only thing I can think similar would be localbitcoins... which is not really decentralized even if the deals are somewhat p2p.

Decentralized crypto-only exchanges? Yeah, through smart contracts, atomic swaps, etc.... but FIAT? Maybe through a (completely exploitable) trust rating system... other than that... how?

If I were coinbase I would spend a shitload on developing a fiat dex that is running in the background un-seen. Then add more and more "nodes", bringing in partners to run the nodes. Then when the government says, "oh, in addition to all of the other information we're making you collect we now need penis size", they can just say...Coinbase, the company, is shutting down. This affects none of the users. Continue using the DEX. Good luck.

What MUD did you play? Used to play them aswell, MUME, Aardwolf and main one was Stonia, a small but awesome one, liked it the most.


This bitcoin price is getting boring, when we'll get out of the low-mid 7xxx area? Some more action please

Thank you but I know what a dex exchange is:)
It was mainly a joke (probably a bad one lol), meaning that when I read “coinbase” and “decentralized” on the same sentence I feel like I don’t know anymore what decentralization means

I'm glad I didn't come across as a jerk. What I would like is see you write a string of satisfied posts about how your trading gives you small but consistent fruits. You're a bitcoin veteran after all.

It's not a huge start, agreed, but by judicious use of a consistent strategy it could grow little by little. The 2J-ladder thingy, maybe. Or if you just held the hedging short since when you started it, now your play money could have doubled easily. That's what I mean by "consistent". And "judicious" means you would have managed to hold it without getting rekt soonish (with some sweat, granted) if it had been a small amount (like 10-20% of your play bankroll).

I feel you, man.

Are we joking or what? Chin up and HODL!

No names, no pain. And you got yourself off the target list as well. It probably isn't all that bad.

This article made my day. Check it out guys; written in 2014, and till now, the price predictions have remained extremely accurate:

https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/


 

BTC price movement is making it's way down to the long-term trend support line that had like 6 touches since October, and it lines up at around 6900 right now.

I have my buy orders set just above 7k, hoping they'll hit soon and we can start our reversal.

If we break below that trend line we're probably looking at a prolonged bear-market, but I doubt that will happen. On the upside we will however need some more volume to get through that 200DMA

@TERA2
I think I surely don't have anything to apologize for, amirite?

Is Jihan still using his proprietary mining hack to get more coins on bcash than other miners? Or are the only people mining bcash using his algorithm?

Too bad for him the Segwith fork fixed that.

I agree that there are many people like Rojer Ver who delibarately sold tens and hundreds of thousands of Bitcoins to pump their beecash etc. shitcoins. But there are other whales as well - mining whales mostly with short fat fingers which love to hit sell button on bitfinex. Each day 1800 new bitcoins are mined. For a week they gather 12600, for 1 month 50400, etc. Not so long time ago (5-6 months) they had enough profit to do so - like 20$ per asic s9 per day. But now, thanks to the many new s9's (and equivalent) plugged in, their profit is only 2.8$ per day with 0.1$ elecricity price. In the last 3 months the mining difficulty rose by 43% (meaning 43% less profit with the same price of Bitcoin). In 3 months the expected difficulty is almost the same 35-40%, so their revenue will drop from 6 to 3-4$ meaning the profit will be around 0$. I am curious if they will be happy to hit the sell button then. I guess not.

That said, what can we expect to happen in the next 3 months? When 0.1$ el. price asics are turned off, this will buy some time (but not much) for the 0.04-0.06$ el. price asics to mine on profit. In another 3-6 months even with the lowest el. price asics will have to be turned off. This is very bad news for Bitmain and its competition, but not for the hodlers! Despite the hatred of Jihan Wu for Bitcoin team and supporters, he will be FORCED to pump the price at least 4x, if he wants to continue to manifacture asics and run his pool. The fact that the moderators in bitcoin mining forums ban me for posting these stats, proves how afraid are of the truth they. And those who buy new asics s9 are completely unaware of the mining difficulty charts:

https://whattomine.com/asic
https://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart
https://diff.cryptothis.com/

"Missing the crypto train" is mostly an overused term due to the bear market we are having but if this market started to shift upwards you can probably be able to ride with other traders as well. Also it is sad to imagine his current situation but he did not realized early on to investing other assets when he was just younger. And investing in crypto without knowledge of investing at the same time being in the market at the wrong time will really make you do bad decisions.

99% of decentralized exchanges allow you to trade crypto to crypto.

There is one decentralized exchange that uses fiat but that is more like localbitcoins than a real exchange.

no worries, here, have some of mine. the white ones are the best.

Agreed.