Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15808. (Read 26611329 times)

legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
I sold my BTX for some peanuts one day because I was bored.

I got bored with it too, months ago.

My "fail" here is even worse than that. It seems (I didn't remember the exact figures until I checked the other day) that I only claimed one single address containing 1.6BTC, and then posponed or decided it wasn't worth the hassle (signing from each individual address) to do more as it was worth very little then. And now it is too late to claim the rest of that first airdrop.

I have just remembered why I didn't keep claiming... I downloaded the wallet, it didn't even run on my linux, couldn't find the sources to compile it myself... decided it was a piece of shit worth nothing and that it would soon vanish and never looked back. Yup, that was it.
sr. member
Activity: 392
Merit: 254
Bgold isn't even on Poloniex or Bithumb yet. My plan is to wait until I hear myself say something like "wtf! for a free shit coin?!" Then I'm out. Cool


12 hours ago approx., Trezor finally released a tool for claiming your BTG. Lot of people dumped the stuff. Few hours later, bittrex creates the markets for BTG, and a sudden pump for that coin begins.

Don't know wtf happened, but one thing is clear: never sell your giftcoins just when trezor releases their claiming tool,  lol. Almost same happened with BCH.

Mental note. The lazy shall inherit the earth.
newbie
Activity: 22
Merit: 0
B..B..Bitcoin Gold is surging  Shocked

I'll wait a little bit longer with selling.
Oh God, am I going to have to split wallets *again*.....


12 hours ago approx., Trezor finally released a tool for claiming your BTG. Lot of people dumped the stuff. Few hours later, bittrex creates the markets for BTG, and a sudden pump for that coin begins.

Don't know wtf happened, but one thing is clear: never sell your giftcoins just when trezor releases their claiming tool,  lol. Almost same happened with BCH.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
B..B..Bitcoin Gold is surging  Shocked

I'll wait a little bit longer with selling.

Bummer, I sold too early at .0375BTC. Oh well, guess I'll start mining BTG again.

"Never sell at the bottom" is also applicable to shitcoins Smiley

I mean, it was like over $400 few days ago... I can wait.... Won't sell for pennies even if that means losing it all... It didn't cost me anything, so I can afford it.
hero member
Activity: 1358
Merit: 834
I sold my BTX for some peanuts one day because I was bored.

I got bored with it too, months ago.
I prefer just keeping them and not even bothering with splitting wallets. If I ever actually feel like moving some of my Bitcoins I might consider it, but it seems like a waste of time right now.

The only downside to this is, if there's going to be Bitcoin SSJ4Sanic and 120938123 other versions it might get difficult to split the wallets without compromising the safety of all the alt chains. But what gives.
legendary
Activity: 1806
Merit: 1828
I sold my BTX for some peanuts one day because I was bored.

I got bored with it too, months ago.
sr. member
Activity: 392
Merit: 254
I sold my BTX for some peanuts one day because I was bored.
legendary
Activity: 1806
Merit: 1828
B..B..Bitcoin Gold is surging  Shocked

I'll wait a little bit longer with selling.

Bummer, I sold too early at .0375BTC. Oh well, guess I'll start mining BTG again.
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
B..B..Bitcoin Gold is surging  Shocked

I'll wait a little bit longer with selling.
Oh God, am I going to have to split wallets *again*.....
legendary
Activity: 3512
Merit: 4557
B..B..Bitcoin Gold is surging  Shocked

I'll wait a little bit longer with selling.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
This one says 10 million.

https://en.wikipedia.org/wiki/Millionaire
Quote
Another commonly used term is multimillionaire which usually refers to individuals with net assets of 10 million or more of a currency.

But by definition, it should be anyone with 2 or more. Maybe 5 is a good number as that is what supposedly Bill Gates implied as comfortable for a lot of people who don't overspend and run charities.

Thanks for pointing that out Dabs.... It is an  interesting concept to attempt to figure out whether to classify oneself as a millionnaire or a multi-millionnaire, and surely, 10 million does constitute a way to differentiate in a kind of meaningful way.

And, perhaps the regular millionnaires, let's say between $1million and $9.99 million can kind of still rejoice in having a bit of a range in which to work and perhaps to also have a status that allows them to potentially strive for the more prestigious multi-millionnaire status... but I agree with you that technically, you may be able to assert multi-million with 2 million, but perhaps 3 million would be safer - it is like differentiating between couple and few.. so in order to be accurate with "few" you need to have three or more...

By the way, at current prices, you still need about 122 BTC in order to reach the millionnaire status in terms of bitcoin holdings alone... but likely BTC HODLers are going to have other assets, besides their bitcoins, and perhaps some BTC HODLers with 50BTC or so, could be merging into "millionnaire" status based on the positively lopsided performance of their bitcoin holdings.

Part of my latter point is that of course we should be considering the totality of all our assets, besides just our BTC holdings, and just to give an idea, my current bitcoin portfolio constitutes about 2/3 of my total wealth (and about 90% of my bitcoin holdings is in bitcoin and about 10% in fiat)... but it is a bit crazy that in late 2013 I had aimed to invest about 10% of my total quasi-liquid assets into bitcoin; however, due to the low BTC price throughout 2014 and 2015, I ended up investing a bit more than 12% of my total quasi-liquid assets into bitcoin, and thereafter, due to bitcoin's price appreciation, those proportions became a bit over 2/3 of my wealth is now in bitcoin or in bitcoin-tagged funds (fiat tagged for bitcoin).
hero member
Activity: 824
Merit: 712
BTG started trading on Bittrex a couple of hours ago and it is surging. Sure wish Coinmarketcap would get their shit together and add it to the first page. It is currently the number 5 coin by market cap.

I think the problem is CoinMarketCap doesn’t know how many are issued so can’t calculate the market cap.

That may be true but how could they not know that? The current block is known and it follows the exact same distribution as bitcoin. Seems like they would be able to figure it out since they figured out 1200+ shitcoins.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
BTG started trading on Bittrex a couple of hours ago and it is surging. Sure wish Coinmarketcap would get their shit together and add it to the first page. It is currently the number 5 coin by market cap.

I think the problem is CoinMarketCap doesn’t know how many are issued so can’t calculate the market cap.
legendary
Activity: 3780
Merit: 5429
Found a rare unicorn, a positive MSM article.

https://www.cnbc.com/2017/11/20/standpoints-ronnie-moas-predicts-bitcoin-will-surge-another-70-percent.html

Price target raised from $11k to $14k, but doesn't say when. I'm assuming end of 2018.
legendary
Activity: 1806
Merit: 1828

How do you claim all the fork coins if you don't expose your private keys?

Their first airdrop only made you sign a transaction from the address with Bitcoin in it. I guess they did it this way since there is no standard way to sign a message with a Segwit address. Guess I will be skipping this airdrop since I am doubtful Trezor will come up with a secure way to do this.

sr. member
Activity: 406
Merit: 361

How do you claim all the fork coins if you don't expose your private keys?
First move all your coins to a new address so the old private key is no longer needed for BTC. This is a safety measure.

Then use the old private key to 'sweep' the coins into a Wallet. Coinomi on android is good for this task - can confirm for both Bitcoin gold and Bitcore.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Coming soon...
New details have been posted about CME Group's upcoming bitcoin futures, which – barring any delays from regulators – will start trading on Dec. 11:
https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

I hope I'm wrong, but I have a really bad feeling about this one... I can't put my finger on it exactly.
They are trading something derived from bitcoin, not bitcoin itself. Which means it's fictional which means fractional reserve.
It might still have an impact on the real market though... Crypto is a massive clown fiesta after all.


CME would not not have any BTC reserve requirements at all?  They can facilitate the complete trading of BTC-related contracts without any kinds of BTC reserves, at all?

It is financially settled.  

It works something like this.  There is an index which shows the bitcoin price at 5pm on Day X.   Anna sells a 1 BTC future for Day X to Bob.  That means on Day X, Anna must pay an amount equal to the index price to Bob in US$ on Day X.  

If everyone thinks that the bitcoin price on Day X will be $10,000 then the price that Anna should charge Bob on the start date for the future should be $10,000 (less time cost of money but we can ignore that).   If the bitcoin price goes down further than expected, Anna wins and pays less to Bob.  If the bitcoin price goes up more than expected, Anna loses and has to pay more to Bob.  This all happens in US$, the only connection to bitcoin is the index price.

It is up to Anna to decide whether she wants to hedge her upside exposure by holding real bitcoin.  Or she can play bulllshit whale games with the price on crypto exchanges to game the futures market.  


As an added layer of complication, final settlement occurs on Day X, but every day at 5pm if the price goes up Anna pays Bob the difference, and if the price goes down Bob pays Anna.  That means market participants are somewhat protected from volatility because they are only exposed to a single day’s price swing at a time.

Where it gets really fucked is the CME will temporarily shut down bitcoin futures trading if the price swings more than 10% in a day to allow the market to cool down (called a trading halt). But the real world isn’t going to stop for the CME meaning market participants will have either have to hold bitcoin to hedge their positions or risk being dangerously exposed and unable to trade.  A 10% swing is nothing to crypto so CME is either going to have a lot of trading halts or some whales are going to try to tame bitcoin. Hard to say what will happen.  

I may not have it exactly right as I have written this in a hurrry and not read the CME rules (ie it might be a 20% swing for a trading halt) but the above principles should hold.




Thanks HairyMac for taking some time to outline a set of layman's hypotheticals to attempt to describe how the futures process is supposed to work.  Surely, understandably there could be variations in cryptolandia or any service that attempts to customize its instruments to bitcoinlandia price dynamics. 

So, even if you got some of the outline details wrong, from your explanation, I feel like I have a bit of a better understanding of how futures are supposed to work from an overall perspective.   Thanks.  Wink
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
Who is pumping BTX, and why?
BTX deposit into hitbtc is down - that might be limiting supply?

lol get with it~BTG is the new leading spamfork :-D weee
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
sr. member
Activity: 406
Merit: 361
Who is pumping BTX, and why?
BTX deposit into hitbtc is down - that might be limiting supply?
Jump to: