Cconvert2G36



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Sr. MemberActivity: 392Merit: 250 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion August 24, 2015, 12:54:43 AM #263343 ), The great consolation in life is to say what one thinks.



All to the better, if it's also humorous. Being short or long adds a whole 'nother dimension.



For a dash of on-topic: $1.5 million or so protecting $200 on bitfinex, borrowed USD (likely with btc collateral) is at $26 mil, down from near $36 million before the flash crash margin wipeout. Borrowed btc is up about $1 mil from its lows in july.



It looks ugly, but if you haven't learned yet, that's occasionally an inverse indicator.







As Voltaire (might have said), The great consolation in life is to say what one thinks.All to the better, if it's also humorous. Being short or long adds a whole 'nother dimension.For a dash of on-topic: $1.5 million or so protecting $200 on bitfinex, borrowed USD (likely with btc collateral) is at $26 mil, down from near $36 million before the flash crash margin wipeout. Borrowed btc is up about $1 mil from its lows in july.It looks ugly, but if you haven't learned yet, that's occasionally an inverse indicator.

dreamspark



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Hero MemberActivity: 798Merit: 1000 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion August 24, 2015, 01:03:25 AM #263346 Quote from: Terwa on August 23, 2015, 10:37:12 PM Quote from: luckygenough56 on August 23, 2015, 10:17:34 PM time to crack 220 ?

220 is a very strong resistence, it not easy broke it

220 is a very strong resistence, it not easy broke it

$220 is gone, dead buried.



Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now.



BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure. $220 is gone, dead buried.Just a series of lower highs and lower lows, come back in a year or two. This shits dead for now.BFX is going to collapse. There's simply not enough money there to make their lenders whole. Gonna be very very ugly for those with coins or cash on that platform. Most people on there use BTC as collateral as well so when they get liquidated more btc needs to be sold to make usd lenders whole. With the state of the books at the moment it won't be able to absorb it. $160 and lower will be seen on BFX for sure.

xIronCrossx



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MemberActivity: 112Merit: 10 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion August 24, 2015, 01:08:09 AM #263347



I do think the long term is looking good though, but everyone hates waiting I'm surprised the price has been so "high" all day, specifically at coinbase. The highs have been lower and the lows relatively the same, right above $225. But the highs are decreasing by $1-3 every day, so a mini dump/crash was inevitable. The high for today, so far anyways, is right around $233, while yesterday it was $235. Now the question is whether tomorrow is gonna be a huge dump (my guess), rally or just the same as this weekend.I do think the long term is looking good though, but everyone hates waiting

JorgeStolfi



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Hero MemberActivity: 910Merit: 1002 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion August 24, 2015, 01:13:41 AM #263348 Quote from: gentlemand on August 22, 2015, 05:29:44 PM Does anyone have the slightest clue who this coinwallet.eu joint is and whether they have any actual customers? It seems its sole purpose is to push people into the arms of XT.



A possible motivation has been discovered: Coinwallet.eu has a wallet whose distinguishing feature, according to them, is an effective fee estimator.



Needless to say a fee estimator is useful only when there is a backlog of unconfirmed transactions. Without a backlog, every transaction should be confirmed in the next 1-2 blocks, whatever its fee. A possible motivation has been discovered: Coinwallet.eu has a wallet whose distinguishing feature, according to them, is an effective fee estimator.Needless to say a fee estimator is useful only when there is a backlog of unconfirmed transactions. Without a backlog, every transaction should be confirmed in the next 1-2 blocks, whatever its fee.

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Hide your women







LegendaryActivity: 1106Merit: 1006Hide your women Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion August 24, 2015, 02:24:06 AM #263356 I wonder how much money and time it would take to add enough XT hashing power to trigger the switch assuming no more existing nodes defected. I'm guessing it could easily be done for less than $500M. The problem is that the cripplecoiners would only need to add one Terahash/second for every 3 Terahashes/sec new nodes to prevent it from happening.



I'm pretty sure 21.co's chips will be mining XT. Microtransactions will not be practical once the network approaches capacity. At capacity, they won't even be possible.



Cripplecoiners consider small transactions "spam", but microtransactions will prevent spam if, for example, email requires 0.1 milibit postage. or even 0.01 mBit. A lightning network adds a layer of complexity to a system that is already too complex for mainstream use. Trusted third parties may make it simple and easy, but that defeats the whole purpose of a peer to peer network.

YourMother



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LegendaryActivity: 1246Merit: 1039 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion August 24, 2015, 02:26:43 AM

Last edit: August 24, 2015, 10:15:50 AM by YourMother #263358



It was truly atrocious to see so many bitcoin bulls going full retard during the Grexit speculation.



Anyways, here's an x-ray of a squirrel









Unless the TwinklePimple brothers release some sort of a countdown for their over-hyped Gemini exchange, BTC will have nothing to cling on while on its way to sub-100$.



Viva la Bitcoin-XT! Moderator bans me for 2 months+ trying to teach me a lesson, but instead he learns a lesson. To not ever ban a well-reasoned bear that's contributing at making a less pretentious and less circle-jerking bull-infested swamp-like thread.It was truly atrocious to see so many bitcoin bulls going full retard during the Grexit speculation.Anyways, here's an x-ray of a squirrelUnless the TwinklePimple brothers release some sort of a countdown for their over-hyped Gemini exchange, BTC will have nothing to cling on while on its way to sub-100$.