Are we all reading and paying attention yet?   "Along these lines, I can't wait to review details about @Fidelity @DigitalAssets. A long-only #buyside firm [w/ 13000 institutional investor clients]...starting a #crypto platform is likely to build one that is a lot safer for Mom&Pop investors than one built by a taxpayer-backed or Fed-backed firm, plus @DigitalAssets has been mining for yrs so understands honeypot risk better than most #WallSt firms (which haven't...
...see 1211. Keyword search "fork" and "collateral" and draw your own conclusions. This goes much farther than @Bakkt, which says its customers must post 100% real #bitcoin upfront. None of the new platforms has committed that it won't engage in coin lending, which is yet...
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Bitfinex and their USDT should be shaking in their boots with Fidelity, Bakkt etc coming on board. The tiddlywinks days of shady exchanges and monopoly money are coming to and end.
Yes but... wouldn't be surprised if in 5-6 years people are cryin' about how Bakkt has become "shady as fuck" too. Wall Street invented shady. |
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“We saw that there were certain things institutions needed that only a firm like Fidelity could provide,” Jessop told CNBC, adding that it already works with 13,000 institutional clients. “We’ve got some technology that we’ve repurposed from other parts of Fidelity — we can leverage all of the resources of a big organization."   |
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So basically a whale or company that did not want to take the risk is pulling their money out of BFX the only way they can...through BTC.
Now that same risk adverse whale or company will want to convert back to their precious safe fiat currency on another exchange. Sure they lose money but have less risk. Which also drives the price down on that other exchange.
But... bbut... if what they are saying is true, "certain user groups" (whales?) are desperately trying to get more fiat in, presumably to buy more Bitcoin. Not trying to take more fiat out. They said fiat withdrawals are working fine. Does someone know something? Bullish. |
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My personal experience, while anecdotal, is contradictory. I'm the GM of a construction company. We've had a very hard time finding workers for the last several years. We've had to significantly boost our rates of pay and benefits to workers. Also, we've had so much work, that we've been having to turn projects away every year. All of our subcontractors, competitors, etc. who I've talked to are in the same boat.
Would have to agree. In a tech related industry rather than construction but it has gotten to the point where our staff are getting poached faster than we can train them. Historically we have always trained our own but have now started poaching trained people from elsewhere for the first time. But you guys are looking at the wrong demographic. The major group that left the workforce after 2009 and never came back were between the ages of 50-65. And that is a HUGE number of the population. These were high salary positions (e.g., VPs, upper middle managers, engineers, directors, etc.) and people who contributed greatly to the vast consumerism going on pre-2008. And they didn't voluntarily leave the workforce. They were pushed out (ie., laid off, encouraged early retirement, etc.) Ageism is what is not letting them back into the workforce at the same pay rate they had been enjoying before. Most have decided to downscale their lifestyle drastically, pay off debts, and rely on their savings, investments, spouse, and/or SS to continue living. Some part time work. Others have had to take drastic salary cuts just to work full time again. Especially in IT/Tech, look around. How many people employed in that field do you see over the age of 45? 40? Or even 35? Not many. Definitely no one 50-65 yrs old. |
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the world will remain to be filled with complete idiots I'm convinced that Roubini is an insider shill for the banksters. Anything to distract away people away from Bitcoin. |
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So, a "Plunge Protection Team" doesn't mean what you think it means?
Yes it means exactly what it sounds like. But we don't have that anymore. We now have a "Correction Protection Team (CPT)". Or maybe it should be called the "Correction Buy-The-Fucking-Dip Team (CBTFDT)"? And a dip of 6-7% percent in the stock market is not, and never will be, a "Plunge". Nor is it a "Global Bloodbath". |
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Looks like the first leg down of the ol' Bart Simpson pattern.  |
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OT : Every wonder why people like Warren Buffett are so calm during major stock market dips like the one today?
It's because he and the other Billionaires know a secret. The secret is that the entire U.S. stock market is now being managed. Heavily, centrally managed.
You see, when the Fed pumps out hundreds of billions of U.S. dollars over nearly a decade, gives it to Central Banks, who loan it to corps with virtually no interest, and it has no where to go (e.g. not going to CapEx, infrastructure, wars, or wage increases, etc.) then it goes into stocks (and specifically stock buybacks). But, they can't just pump it in all at once, so it's a constant steady buying over years. Decades even. A melt up.
But they can't just buy in a straight line, because that would be too suspect and certain hedge funds couldn't make profit, nor traders, etc. So they "engineer" these little bull runs and corrections. But it's all just for show.
We're all in the Truman Show melt up. Doubtful we'll ever see a U.S. stock market crash again, because the Fed PPT is there to continuously save the day. The Billionaires know this. And it'll continue to work.... until it doesn't anymore. Queue the hyperinflation.
BUY BITCOIN.
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Eh, WTF? chili fries, watch it bud  Its called Poutine and its fun to say. Poutine is with gravy, not chili. Original Joe's is a steakhouse that originated in San Jose, California, and they serve steak with fries as an option. The original is gone (I think) but many still exist up and down the Cali coast. Sheeit, in the Midwest and South you see steak served with fries *everywhere* (outside of a 5-star restaurant, that is). |
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Another Tom Lee photo fail. SMH.  |
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Do they know about segwit transactions? :-)
Maybe they don't even know about the forks/airdrops that forced everyone to move ALL their coins to claim them nor many other factors that were happening during that time (spam, ridiculous FOMO, etc).... Or they do and they just don't care because the only thing that matters is the dramatic headline. Do they know about wash trading? Do they know that mining difficulty is actually rising, not falling? Do they know that exchanges are in bed with mega miners? Do they know that all exchanges would dump literally every shitcoin they have (to drum up extra money) before they'd start selling their precious bitcoin? Do they know that *we* know that when they start printing the really doom & gloom articles, the bottom is likely in? |
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The same market, at the same time, but each one has different opinion.
No everyone sees the same thing.
In pretty much all of 2017, like every week, the upward market looked as if it was going to cease and crash any minute. Especially with all the FUD going on. You'll never know it was bull run until after it's over. In hindsight. |
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wtf did this really happen on bitstamp
Yes it did happen. A crazy bot is being blamed. But I suspect it is someone deliberately triggering stop losses / buy stops in illiquid € markets. € markets are much thinner so easier to do this. We saw the same whipsaw on Bitfinex only a couple of weeks ago. It will get more common as liquidity dries up. Easier to blame a bot so the exchanges don’t have to take responsibility for low liquidity. It could also have been someone attempting to test the liquidity (or lack thereof) of certain exchanges. Not only did it show just how illiquid altcoins are (and thus vunerable), but the lack of other bots following the price swings means that the majority of algo bot accounts are owned by.... dun dun dun! the exchange owners themselves. I.e. no one else is trading there. |
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In other news, water is wet.
And Tom and Vinny have no fucking clue either.
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I just have a quick question. Does anyone other than scamcoin supporters come to this forum anymore?
This seems to be the only active thread besides the scamcoin announce threads in the alt section and even this thread is only moderately active now. I remember a time when Wall Observer would move four pages by the time you could post a response. Not anymore. I haven’t been here for months I was just wondering if this forum is still relevant for more than con artists looking for a pigeon.
This statement struck me as oddly hilarious. Ya mean like literally just 6 months ago? lol C'mon dude, you can't lead us to believe that you've been logged out of bitcointalk.org for THAT long.  |
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A dead market and apathy are a very good sign. |
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OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street: https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.
"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."
Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?) And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)? Un-fucking-believable. Can't believe that he can even say this with a straight face. |
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