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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14593. (Read 26609633 times)

sr. member
Activity: 1204
Merit: 293
"Be Your Own Bank"
Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy

Um, first of all: what does this have to do with Bitcoin Price Speculation?

And secondly, how could Fake News possibly the "biggest threat humankind will ever face"?  How about global warming, nuclear war, or over population / famine, just to name a few?

Well, for starters, global warming and overpopulation are fake news  Cheesy  So it's kind of a catch-all.
Lol, are you Trump in a disguise?
sr. member
Activity: 1204
Merit: 293
"Be Your Own Bank"
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
snip of JJG's  GDAX issue

you

you wanted timely support from a crypto exchange?

that's not how it works man
hero member
Activity: 1050
Merit: 529
Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy

Um, first of all: what does this have to do with Bitcoin Price Speculation?

And secondly, how could Fake News possibly the "biggest threat humankind will ever face"?  How about global warming, nuclear war, or over population / famine, just to name a few?

Well, for starters, global warming and overpopulation are fake news  Cheesy  So it's kind of a catch-all.
Lol, are you Trump in a disguise?
newbie
Activity: 57
Merit: 0
Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy

Um, first of all: what does this have to do with Bitcoin Price Speculation?

And secondly, how could Fake News possibly the "biggest threat humankind will ever face"?  How about global warming, nuclear war, or over population / famine, just to name a few?

Well, for starters, global warming and overpopulation are fake news  Cheesy  So it's kind of a catch-all.

Lolz!  Grin
legendary
Activity: 2016
Merit: 1259
Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy

Um, first of all: what does this have to do with Bitcoin Price Speculation?

And secondly, how could Fake News possibly the "biggest threat humankind will ever face"?  How about global warming, nuclear war, or over population / famine, just to name a few?

Well, for starters, global warming and overpopulation are fake news  Cheesy  So it's kind of a catch-all.
newbie
Activity: 57
Merit: 0
Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy

Um, first of all: what does this have to do with Bitcoin Price Speculation?

And secondly, how could Fake News possibly the "biggest threat humankind will ever face"?  How about global warming, nuclear war, or over population / famine, just to name a few?
legendary
Activity: 3780
Merit: 5429
Anyone have similar circumstances to mine?

Anyone have any suggestions regarding possible ways to attempt to expedite the processing of my frozen GDAX trading matter?

Sorry to hear that. Unfortunately I can't assist, but I'm curious as to what happened with your original GDAX account? How did it get 'hacked'? Did you have Google 2FA enabled?
legendary
Activity: 3780
Merit: 5429
Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy
member
Activity: 368
Merit: 31
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Hey guys and gal:  I have some GDAX issues of what appears to be frozen GDAX trading based on my creating a support ticket, and a slow response from them.  Here's the context of two issues.

Issue 1) Last Monday 2/5, I requested a $500 transfer from my USA bank account (Bank of America) to GDAX, and on Thursday 2/8, I received an email from GDAX saying that my $500 transfer request had been stopped by my bank, and I also noticed that my bank account link had been removed from GDAX. 

Accordingly, I called my bank in an attempt to clarify whether there was a problem on their end.  The BOA support person said that he could not see any transaction on his end, so I decided to make another attempt through GDAX to relink my BOA account, and to request the $500 again. GDAX did not allow me to relink my BOA account (and it appeared that the BOA account had been blocked from being able to be linked, even though it showed up as one of the options of bank accounts available).  I created a GDAX support ticket describing issue 1.

Issue 2) On Thursday 2/8, I received an e-mail from Coinbase (at about the same time as I had received my stopped bank transfer request e-mail from GDAX regarding issue 1, above) saying that a previously hacked GDAX account (from February 2017) that I had been using, but no longer was using, had been denied my bank limit request increase.  I had not made any such a limit request increase for that hacked GDAX account, because I had not been using that hacked GDAX account.  At about the same time that I had sent my Issue 1 support ticket, I sent an e-mail to Coinbase support using the same string of communications from my February 2017 hack communications and asserted that I had not been using such hacked GDAX account, and I had not made any request to increase my limits for that hacked GDAX account.

Additional facts: Within hours of my submitting my GDAX issue 1 support ticket and my issue 2 e-mail to support, trading on my regular GDAX account was disabled, and then a few hours later, I was no longer able to sign into my regular GDAX account, even though I could still sign into Coinbase.   I don't know which of the two issues or if both had caused my disabled GDAX trade and my subsequent cut off from signing into GDAX, but on 2/10, I called GDAX support phone number, and the representative verified that they had a support ticket for issue 1.  She did not verify further what was going on on their end, and said that she could not help me, but instead my problem had to be referred to a GDAX support specialist, which she made such referral to a GDAX support specialist.  Therefore, I have been cut off from GDAX trading and ability to sign in to GDAX for about five days, and it has been nearly 3 days since my phone call to GDAX support was referred to the GDAX support specialist with no communication from them, so far.

Questions:

Currently, I am thinking that I am shit out of luck until the GDAX support specialist communicates back with me, and maybe I won't be able to do much, until a few more days pass, and then I perhaps I can follow up by calling up support again to check on the status.

Anyone have similar circumstances to mine?

Anyone have any suggestions regarding possible ways to attempt to expedite the processing of my frozen GDAX trading matter?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
snip ... more people are borrowing to bet BTC ... snip ... people borrowing to bet BTC ....

... I think I may have found the fundamental problem in the risk analysis logic here?

Borrowing to bet on a limited-issuance, near instantly redeemable, bearer instrument is extreme risk-taking by any measures.

Discussing how fast the bamboo and rice paper building will burn when doused in gasoline is fun but kind of misses the point that there are children playing with matches in the crawl space.


None of this is your grandma’s pension fund.  2X is very different from 100X (instant suicide).   And don’t think the big boys don’t play with exotic instruments.  That’s why we had the GFC. 

Trading on margin is like dabbling in alt coins.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
jr. member
Activity: 165
Merit: 4
Always believe in magic
this is how I see it



legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
snip ... more people are borrowing to bet BTC ... snip ... people borrowing to bet BTC ....

... I think I may have found the fundamental problem in the risk analysis logic here?

Borrowing to bet on a limited-issuance, near instantly redeemable, bearer instrument is extreme risk-taking by any measures.

Discussing how fast the bamboo and rice paper building will burn when doused in gasoline is fun but kind of misses the point that there are children playing with matches in the crawl space.


None of this is your grandma’s pension fund.  2X is very different from 100X (instant suicide).   And don’t think the big boys don’t play with exotic instruments.  That’s why we had the GFC. 
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
It’s their exchange. They can do whatever they like. 

That said I did a quick google and am seeing conflicting reports about corporate accounts on BFX.  Maybe Elwar can clarify.

american accounts only as far as i can tell.

This is what I read here.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
snip ... more people are borrowing to bet BTC ... snip ... people borrowing to bet BTC ....

... I think I may have found the fundamental problem in the risk analysis logic here?

Borrowing to bet on a limited-issuance, near instantly redeemable, bearer instrument is extreme risk-taking by any measures.

Discussing how fast the bamboo and rice paper building will burn when doused in gasoline is fun but kind of misses the point that there are children playing with matches in the crawl space.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
The chart I posted shows almost 4x more people are borrowing to bet that BTC will go up compared to people borrowing to bet that the price will go down.

I use this as a measure of sentiment and view it as bullish. But it can also go badly wrong. If the bears can fight against the tide and force the price downwards, they could start a cascade which would force the bulls out of their positions at a loss and trigger a massive price spike downwards.   

Elwar brings up a good point, in that the exchange where this data is drawn from (BfX) is forcing corporate accounts to close. Corporate accounts tend to be short bitcoin.  So this could just mean the underlying mix of players is changing with no change in sentiment. Hard to evaluate without further information.

That may be true, but compare that to a typical stock. The number of short investors is actually never *greater* than 25%. So by that measure, 25% betting that the price of BTC will go down is actually extremely bearish.
But this is crypto. Analogies with the stock market are often misleading and always risky.

The chart indicates a more “normal” ratio is about 1.5:1 for BTC.  But it only goes back about 6 months
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