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2801  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 10, 2019, 09:10:52 PM
It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands.  

I am kind of with you Hairy, but March 1 is not that long ago, and all 60k coins put on one exchange, perhaps?  Would have to be a real liquid exchange to absorb that many coins with hardly a blip downwards in the BTC price.

We cannot completely rule out that those coins have not been traded yet, or only a fraction of them have been traded, so far.

It would be great if those coins had already got absorbed by the market, but what are the chances?  50% at best?

I followed the coins one hop.  They go to here:  https://bitinfocharts.com/bitcoin/address/bc1qyy30guv6m5ez7ntj0ayr08u23w3k5s8vg3elmxdzlh8a3xskupyqn2lp5w This wallet has had 330,000 BTC pass through it but its balance is always kept low.  The big 1000 BTC transactions get shattered into thousands of smaller transactions  in that wallet, with outgoing transactions every few blocks.  This definitely looks like hot wallet  behaviour.  

I am 90% confident that we are looking at the cold wallet of an exchange with a linked hot wallet one hop away.  So yes, the coins have been absorbed by the market.  

 
2802  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 10, 2019, 11:46:27 AM
It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands. 
2803  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 10, 2019, 10:25:16 AM
It’s worse than that.  BlockFi is selling or rehypothecating your Bitcoin. Gemini doesn’t need to be hacked for you to lose everything. Only “reserves” are stored with Gemini.  Who the hell knows where your Bitcoin actually end up.

From their Terms of Service

Quote
10. Consent to Rehypothecate

In consideration for the interest earned on your account, you grant BlockFi the right, subject to applicable law, without further notice to you, to hold the cryptocurrency held in your account in BlockFi’s name or in another name, and to pledge, repledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such cryptocurrency, separately or together with other property, with all attendant rights of ownership, and for any period of time and without retaining in BlockFi’s possession and/or control a like amount of cryptocurrency, and to use or invest such cryptocurrency at its own risk. You acknowledge that, with respect to assets used by BlockFi pursuant to this paragraph, (i) you may not be able to exercise certain rights of ownership and (ii) BlockFi may receive compensation in connection with lending or otherwise using cryptocurrency in its business to which you will have no entitlement.

From their FAQ

Quote
What does BlockFi do with account assets?

BlockFi generates interest on assets held in Interest Accounts by lending them to trusted institutional and corporate borrowers. To ensure loan performance, BlockFi lends crypto on overcollateralized terms (similar to the structure of our crypto-backed loans). Furthermore, BlockFi’s automated risk management system monitors positions 24/7, providing the same trusted risk management system used with BlockFi’s crypto-backed loans.  BlockFi has the ability to terminate a borrow in a timely fashion and also manages reserve balances to facilitate customer withdrawals from Interest Accounts. Reserves are stored securely with Gemini, a New York trust company regulated by NYDFS.
2804  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 10, 2019, 10:09:42 AM
Gemini is providing custodial services not running the business.  It’s not backed by Gemini and by definition has to be a fractional reserve.

It’s unfortunate because this will most likely end badly, and the Gemini name will be mud.
2805  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 10, 2019, 02:49:59 AM


Hi Friends:
I'm about 300 pages behind....but wondering --- did you finally quit CoinBase b/c they violated their own guidelines to list the XRP monopoly?
They also compromised with the customer data.

They always did that!  (IRS, etc...)
Nice work.
Always keep your stash offline.

They also hired a security team whose specialty was hacking / doxing / killing democratic protestors under authoritarian regimes like Saudi Arabia through spear phishing attacks. 

https://www.welivesecurity.com/2018/03/09/new-traces-hacking-team-wild/
2806  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2019, 11:11:24 PM
2807  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2019, 11:58:51 AM
Now I’m worried because I don’t know who Ian Balina is
2808  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2019, 11:09:04 AM
Wow sound like you have had a rough ride. Stick around there are good times to come. 
2809  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2019, 10:58:42 AM
The price since February going forward has been in a bullish trend, somebody called weeks it back and on weekly bars its fairly clear.

I have been bullish since 22 January and remain of the view that the bottom is in.

It is time to put away the bear suit and bear talk.
2810  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2019, 10:47:52 AM
Chrome zero day attack

Update NOW and restart. https://blog.malwarebytes.com/cybercrime/exploits/2019/03/google-chrome-zero-day-now-is-the-time-to-update-and-restart-your-browser/
2811  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2019, 10:25:04 AM
Polo is desperate. Nobody uses them. Good bye.

Polo has always been a shambles
2812  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 09, 2019, 03:08:45 AM
I don't like everyone is expecting to keep the pattern or even breaking up from it. We need more blood, depression and despair before a solid ath-worthy bull run.

1.  I don't expect to break up.
2.  Everyone is still looking for the final volume spike to flag the bottom, which is a good reason why it may never happen.  Instead everyone is already accumulating.
3.  If you believe in Wall Street's preferred measure (CME Bitcoin Futures), we have already had the volume spike to seal the bottom.

2813  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 11:22:17 PM
According to the 2014 / 15 crypto market schedule, the train is running on time.



This really is a fractal

2814  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 10:38:49 PM
We are probably scared of the downward bear line sitting at $4150.

30 Daily MA providing us some nice support (green line)



Sorry for the crap mobile phone charts

2815  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 10:18:21 PM
I said fluids not exlax
2816  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 09:54:01 PM
pathetic liquidity

Drink more fluids
2817  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 09:18:44 PM


YouTube link. https://youtu.be/Cfg6rQaHn0s
2818  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 10:59:35 AM
20 years of price changes in the United States...

Notice how government subsidized industries are the most expensive? 😮


College tuition in Belgium

Quote
Tuition fees at public universities and colleges in the French Community of Belgium are set by the regional government. For the academic year 2015/2016, tuition fees ranged from 374 to 836.96 EUR per year for EU students depending on their income and whether they are eligible for a grant/scholarship.

There are other reasons.  Don’t blame it on government subsidies
I'm in Europe and University has gone to shit here. The Bachelor/Master system is a complete downgrade and utter disgrace from what we had before in a country undisclosed. University is now school round two instead of being an institution that fosters research and critical thinking (in non-research students - which make up the majority of the student body). I was appalled at how cookie cutter Mathematics and Physics programs are and surprised at the resulting quality of graduates (before I realized the problem).

Also, thanks to university "being" (appearing) free, people who can't normally afford it are taking up bullshit recreational courses that don't produce any value in the Economy. I don't have anything against those and am interested in some of the topics myself. But when people get fooled into believing that they can study anything and get a job there's a problem. And when it's "free" they are ridden of any incentive to think about the implications of their actions.

I don’t really know anything about European universities other than what I can read online so will need to defer to your judgement. And I agree that many degrees are not very good, but it is still much better to be an art history major than someone who doesn’t have a trade and has never gone to university (and lots of NEETs around).  
2819  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 09:34:45 AM
via Imgflip Meme Generator

I don’t know exactly what it is, but surely there is place for r0ach as well......

You pay 1 silver bar for 15 minutes and a man with a green beard spanks you
2820  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2019, 08:47:40 AM
20 years of price changes in the United States...

Notice how government subsidized industries are the most expensive? 😮


College tuition in Belgium

Quote
Tuition fees at public universities and colleges in the French Community of Belgium are set by the regional government. For the academic year 2015/2016, tuition fees ranged from 374 to 836.96 EUR per year for EU students depending on their income and whether they are eligible for a grant/scholarship.

There are other reasons.  Don’t blame it on government subsidies
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