All posts made by Zule in Bitcointalk.org's Wall Observer thread
1.
Post 5613892 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.25h):
wtf is up on stamp, 20btc buy-sell back and forth...
2.
Post 5937188 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.29h):
It seems that we are slowly detaching from china, the way we detached from gox...
3.
Post 5941260 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.29h):
Stamp/Finex ask side is almost complete empty.
1688
BTC to 550$
I expect a nice green candle!
Back in aren't you?
4.
Post 5973828 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.30h):
Is Huobi dead?
5.
Post 5985629 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.30h):
Whats the price that the longs will begin to close on?
Im guessing that there are a lot of 520 longs with 2.5 on bfx and that would be force terminated around 400ish or something...
6.
Post 5987901 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.30h):
Stamp depth is a joke
7.
Post 5987973 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.30h):
Stamp depth is a joke
why?
20$ movement with 16 btc triggers walls to shift...
8.
Post 5988520 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.30h):
TA says we're going to be at 6k pages on this thread in about 3 weeks.
Is that log or linear?
9.
Post 5989372 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
Stamp bids look quite good for such a low price - 11M+.
Once they get touched they turn into shit
10.
Post 5997613 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
Thats not how Chinas gov does things. They wouldnt address directly to anyone, let along small pottatos like this. A vague announcement will follow soon.
I expect the banks to make the first move, since they are always sucking up to the gov.
11.
Post 5999587 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
The gov didnt issue an official obligatory opinion, but even if it did it wouldnt write letters about it to all concerned so the statement from btcc is lame.
Something is going down, notice the changes some of the exchanges are introducing concerning cny.
12.
Post 6014168 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
The Walls on Bitfinex are moving up from ~$400 to ~$412
Thing are def happening on bfx right now. It looks as the shorts are panic closing and the amount of longs is rocketing, ltc longs too
13.
Post 6014238 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
China isnt buying yet
14.
Post 6014637 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
Well, are there any news in china I'm not aware of? Or is it just someone pumping? Damn, it sucks to not know any chinese
No news apparently. I suppose that, as the more pessimistic Chinese sell all their coins, the arbitrage traders have to buy from the slightly less pessimistic ones, so the price gradually goes up.
Wouldnt it work better other way around?
15.
Post 6015629 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
we will go down to 150$ as planned.
People need to realitycheck their positions, while its not too late.
16.
Post 6015779 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
BTC >500$ in 2014 RxIxP
I am Fonzie and i can cofirm!
It was >500 20 min ago
17.
Post 6018217 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
lol
Hey troll-o-matic, try finding something more than a story written buy an Australian in the middle of the night about what the china's gov will do in two weeks.
I mean cmon, you are not even trying.
18.
Post 6021770 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
How do hodlers feel about the circumstance that any given minute a new brutal crash could appear due to the fact that Huobi or another major chinese exchange will announce CNY deposit/withdrawal blockade. Bullish?
That would bring the price up actually for some time.
19.
Post 6022021 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
They can hang your ass in chineese quarts too, if they suspect you for a bitcoiner.
Fuck this shit its not worth dying for.
20.
Post 6024658 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
huge dump on stamp
huge being 100 in half hour?
21.
Post 6025074 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
So in other words they are forbiden to have mandatory sex with bitcoin?
Voluontary is just fine i guess
22.
Post 6030813 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
fckn stamp pussyng out
23.
Post 6030920 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
Technical issue, the money is there. Old news anyway, nothing to see...
24.
Post 6030960 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
Huobi is on fire
25.
Post 6031028 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
Technical issue, the money is there. Old news anyway, nothing to see...
No, its not old news. Danny just posted it -- there has been a blackout of definitve information for two weeks.
Did you even read it?
Jesus, know it all noobs everywhere.
Close them shorts, quick
26.
Post 6031296 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.31h):
27.
Post 6042839 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.32h):
Fuck the lines drawing, we are beyond that...
Its the oh noes and fud that counts now
28.
Post 6082754 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.33h):
The hope it goes down for you is so strong, that the line curves back in time.
Actually it doesn't go back in time it just means that it will have multiple values at times, which is unusual i admit.
29.
Post 6082870 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.33h):
Go fuckursef do your market reserch like normal people do, stop spaming threads wit your software development plans
30.
Post 6093408 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.33h):
I cant beleve someone is promoting 18th century street gambling "strategy" that is proven so many times to be disfunctional in real conditions.
If you dont have infinite money (no one has) statistic show that you loose, plain and simple. You might get quite few wins but one loss takes it all with interest.
31.
Post 6096944 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.33h):
anyone here trades on bitfinex? what is the overall experience there ? are they trustworthy ?
they say that they are in Beta, so where are they located and do we know the owners....to be honest, I was trading Litecoin exclusively on BTC-e, but I don't feel comfortable with leaving my funds there for more than a couple of hours, I get really nervous, I missed many opportunities because of that... now I am considering to move to Bitfinex for the time being until bitstamp adds Litecoin.
I only need to trade LTC/USD and vice-versa without the need to withdraw Fiat, so do I need to be verified ?
You dont have to be verf for now, but I got to warn you, its really hard to make money there, huge spreads in a volatile day, esp ltc
32.
Post 6106744 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.34h):
holy shit boys....500 BTC sell wall on BFX eaten!
Seller buys his own ask wall in one bit, to enleash bullish sentiment, puts a few small asks (20-40
BTC) up afterwards that are bought from the "pigs" . Useful strategy in a low volume market when someone wants to get rid of coins.
And loses a few thousand in fees, hardly worth it really...
Im afraid fonzie is right about this, it happends, i saw it few times. Guessing some have special fee discounts, close to zero type, esp on stamp, Ive seen same amount traded back and forth several times back and forth.
33.
Post 6113419 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.34h):
Sigh, another pseudo-audit trying to fool people with a thick cloud of colorful technological smoke.
As the "auditor" admits, the exchange can easily fool him about the amount of bitcoins that it owns. What is the point of doing that "audit", then?
Besides falsifying their BTC holdings, the exchange can falsify the other half of the "audit", too. Suppose the exchange is short of 100,000 coins, but the owner has a cat named Tibonne and client TibonneTheCat has 100,000 BTC in its account. The exchange creates a version of their database omitting that account. The auditor verifies that the total of balances in that doctored database is less than the bitcoins that the exchange supposedly owns. Using the fancy cryptographic machinery, all the other clients verify that their balances are included in the database. So?
And the audit also did not check the sum of the MONEY balances against the exchange's bank accounts and outstanding money debts.
An "audit" is not a real audit if it checks only half of the company's books, or if it has no way to check whether the books are complete that is outside the control of the audited entity. This "audit" fails miserably on both counts.
A potential "auditor" who is smart, honest, and mindful of his reputation should refuse to take part in such a meaningless exercise -- that will mislead clients about the safety of the exchange, and could make him an involuntary accomplice of a scam. See Roger Ver's "audit" of MtGOX.
If you knew anything about accounting/financial audits you would know that they focus on few key points and take random checks of that points documentation. Its always possible to "fool" the auditor, but an expirienced auditor knows where to look and when something is being hidden.
34.
Post 6147647 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.34h):
There are many ways to manipulate a market, but the ultimate enemy of a manipulator is time. If you have the patience, price will always return to it's real value. If it doesn't return ,then by definition it's not manipulation.
What really worries me is the talk of the bulls on this thread.
http://en.wikipedia.org/wiki/Sunk_costs. The sunken cost fallacy is a real observed market phenomenon.
Most of you have not had to hold an underwater bitcoin position for years. I have. It was not a smart thing to do. It was an act of faith. How strong is your bitcoin faith? The market will test you.
Bitcoin isn't dead. Not even close, but if you don't think it's even possible to get much much worse before it gets better, then I can assure you it can. With all the talk about Gox and China, what worries me is if some other completely unrelated disaster happens before we've recovered. Bad guys don't play fair. They will kick you when you're down. They are out there. I'm intentionally being discouraging right now. It's better to get out now if you're going to get out than to hold on until you can't hold on any longer. Bitcoin doesn't need you to go broke for the cause. Honey Badger don't care.
If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month.
Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others
35.
Post 6148013 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.34h):
If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month.
Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others
Dude stop taking it so personally when people think the price might go down
It's so painful watching you guys squirm
Im not taking it personally because i got no btc, im waiting to buy, but it gets on my nerve when people talk like they know shit for certain, and as a rule that kind of people always say its going down, so you got the impression that I have a problem with the price movement.
36.
Post 6189174 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.36h):
Coinbase is running a little bit higher than Bitfinex and Stamp. This is where American miners usually cash out, so this is an indication that miners aren't selling. Americans are buying. Slowly, patiently.
It could easily go lower than here. A lot lower, but I'm psychologically changed. I'm getting greedy for cheap coins. It could stay low for months or years. Good. More time to buy cheap coins.
Is this anecdotal evidence of a change in market sentiment or just me? Dunno. Let's find out.
Whole thing based on a "murican miners sell on Coinbase", any evidence to that?
37.
Post 6196538 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.36h):
the last time I checked,the amortized mining cost of 1 bit coin was 700 dollars using the latest cheapest equipment. the overwhelming bulk of all coin mining is being done with the latest cheapest equipment, as can be easily inferred from the hash rate graph.
these coins will not be sold for less than $700 I can assure you
That's not really how it works at all. That's basically the sunk cost fallacy and the fallacious labor theory of value merged into one conclusion.
Production costs do not directly cause price. Market price does naturally converge on cost plus a standard economic rate of return given stable demand due to changes in the supply function. But that is not a direct causal relationship to price.
A miner would only rationally hold out for >$700 if he didn't anticipate needing liquidity prior to the expectation of that price arising. The marginal utility of dollars necessarily increases relative to Bitcoin if the miner has a pressing need for dollars.
That was one of the most ludicrous strings of verbiage I have seen since the Sokal/Socialtext affair. Simple arithmetic refutes you outright. If I seek anything other than bankruptcy I simply can not sell coins mined today with the most cost-effective hashing hardware in the known universe for less than 700. If I am not holding my only rational choice is to sell the hardware to someone who will.
Miners sell when they need to, even with a loss. Some of the biggest companies in the word operate with a loss sometime. A miner will keep mining and selling with a loss if he thinks that after a period of time in which he can withstand losses, the luck will change and he can make profit and cover those losses.
38.
Post 6202982 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
Lols , in my language his name makes perfect sense
taur - bull , urs - bear. Had the impression it's touro in Portuguese
"Ursus" and "taurus" are Latin; "Minotaur" is "Bull from Minos" in Latin, Anglicized.
Even though bull is "touro" in Portuguese, the Minotaur is "MinotAuro".
How did the latins spell "bitcoin to the moon" ?
There were no latins
39.
Post 6209257 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
Just drive, he brought it on himself
40.
Post 6209417 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
41.
Post 6228000 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
In this thread we can find good people with valuable tips and advices for noobs (and everybody) like Rampion, and at the same time we find complete assholes, borderlines like Shroomskit.
Isn't this beautiful?
Its more like when a fly gets in your soup.
42.
Post 6228812 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
I thought all the MACD's were pointing down? What happened guys?!?
Line lovers are loudest when it goes sideways.
43.
Post 6228844 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
Elliot is waving from a train, yelling CCMF
44.
Post 6228982 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
Notice how little we have increased since the time when people suddenly became arrogant and exuberant.
Is that a sell or buy signal?
45.
Post 6229163 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
I wouldnt be surprised if China goes back on top of this liftoff
46.
Post 6229411 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
LOL dat freefall
47.
Post 6229614 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.37h):
If only I followed by own projections of tops that I made, sometimes weeks in advance, I'd make so much profit, but I'm too chicken to sell into a btc rally. Last year's green candles will never be out of my mind.
Well if you dont do it I will, closing longs and shorting at 500$.
By the looks of you recent posts I would say you are shorting from 440 already.
48.
Post 6229747 (copy this link) (by Zule) (scraped on 2020-04-04_Sat_12.38h):
In spite of what the CNBC article says, there has not been, to my knowledge, any denial by PBoC of the Caixin article. Bobby Lee did not say that (did he?). If there had been such a denial, it would be in block letters all over the place. I found no new announcements on the Huobi and OKCoin websites. (Are there any?)
On the contrary, it seems that all major Chinese exchanges except BTC-China have had at least one bank account closed to client deposits, and they remain closed. However Huobi and OKCoin still have accounts on other banks that (according to the exchanges) have not yet received any orders in this regard.
One of the two banks used by Huobi that did block client deposits has set an April 18 deadline for blocking withdrawals too. So the only part of the Caixin report that was proved wrong, so far, was the date of the final deadline (which Caixin reported as April 15).
The market may be assuming that the bank situation will not get any worse. If that is the case, all exchanges should be able to function normally. (As long as they have one bank account open for deposit, the closure of other accounts should not make much difference, should it?)
We'll see.
What your comments suggest to me, Jorge, is that my initial reading of the December announcement was correct, and the consistent content of all the official statements of the PBoC confirm, that there is no prohibition on banking relationships with exchanges in China. The restriction is on banks taking on exposure to BTC, meaning they cannot have risk positions in BTC, nor can they denominate accounts in BTC.
As all the fear mongering is rendered foolish, the result may be that every auntie and grandmother in China buys a bitcoin for the baby. About 200 million out of perhaps 200,000 floating bitcoin.
The July bubble may be a second China bubble.
The December bubble will be the ETP bubble, and much larger.
And that would make so much more sense than "dont let our folks get them western bitcoins", since they are mining the shit out of them already, and it would be a wise move to keep the banks out of risk considering recent loan crisis that can still escalate
