That makes sense. IF Tether really had almost three billions liquid in bank accounts and then they are moved to a different bank... There's not much banks that could take a liquidity hit like that.... no fucking way.
P.S.: In fact... No, I don't believe any single entity has 3 billion USD in liquid deposits in a single bank. Maybe I am wrong... If so, could anyone please correct me with an example of that instance?
Apple have around $285 billion in cash reserves. I doubt it's hidden under a mattress. edit: some of its cash is in 'near cash' securities, such as bonds - but it is planning to make something like $38 billion in tax payments soon, so it much have a few bucks in cash (and in banks) just for that. |
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don't write Bitcoin off just yet!
I've already started to move my vast wealth over to effeminate moustaches and goose-boots. What did I miss? Not much, Bitcoin is still here almost exactly where it was, going sideways. Seems to have put off most Nazis, probably awkward to goose-step in that direction. How are the right wing investments going - are you determined to HODL the moustaches? Looks a little 'niche' to me, not much of a use case IMHO. I have a laddered buy and sell approach on the moustaches. I'm still learning to read the market. The goose-boot thing seems to be cyclical. By perfectly timing the market I managed to become an extra-multimillionaire about it. My cynicism has made me rich beyond my wildest dreams. Ceteris paribus. Mutatis mutandis. Que sera, sera. When ICO? I heard the token has a latin name: 'ineptiae' I like it, where would we be without it? |
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don't write Bitcoin off just yet!
I've already started to move my vast wealth over to effeminate moustaches and goose-boots. What did I miss? Not much, Bitcoin is still here almost exactly where it was, going sideways. Seems to have put off most Nazis, probably awkward to goose-step in that direction. How are the right wing investments going - are you determined to HODL the moustaches? Looks a little 'niche' to me, not much of a use case IMHO. |
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Seems awful quiet 'round here.
Who cancelled the weekend pumps, did Rosewater take them with him..? We should have frisked him on the way out.
Probably. I guess right now is where people gave up and nobody wants to buy in. This might go on for a while. I wonder if bitcoin will ever experience huge pumps like in the past? Those were the days.... At best now we will only have a linear increase. It might go on for a while, but don't write Bitcoin off just yet! There are only 21 million bitcoins and most have already been mined which is not enough for every entity that wants one. If you see how many exchanges, institutions and governments are now forced to take notice, it can't be stopped or ignored. Yes, it looks flat just now - but don't think the fireworks are over. They aren't yet... Not by a long chalk. We have some pain still to go through, but there will be prices in future that will dwarf the last ATH. This has always have been so, and I can only see many thousands of reasons why this process shall be seen again. What are you talking about? Everybody knows Bitcoin is dead now. There is no hope. Damn - I forgot to be pessimistic to bring on the capitulation, sorry!  But you know what? I think history is not simply a fractal pattern every time. I think a lot of people REALLY DID think it was 'all over' last time - but 'this time' they patently do not. And those, new to crypto who are unsure - are just waiting to see what happens. So this time, as soon as it looks like the bear market is over and it's going back up, the scramble to grab the last coins available could be brutal. Hairy (and others) who I have tended to agree with, look correct - that is; that we need a crypto capitulation, a 'crypto winter'. So, we have to see what happens in January to confirm the pattern of 2014 / 2015. And this may come to pass, yes. But think: if people assume this, but if after January, things are NOT the same - then they will get nervous about missing the chance to accumulate. The LAST chance to accumulate? Then it's a game of chicken. No one can drive Bitcoin to zero, there is a base level with too many buyers to get even close. But it will only take a few funds, or one country to see BTC as 'too good to miss' for the shit to get real. FOMO, when there are only a few coins left? It will come, of course it will. When? Either after the fractal of a January dip ends the bear market, or (perhaps) the absence of the January dip. Either way, it seems we might not have not got that long to go. Any recession in the fiat economy is another factor that will move people away from trust in the legacy system and towards real, hard money: Bitcoin. Is Bitcoin dead? No, of course not. And if everyone knows that, then of course, ultimately its value can only increase. Such is the genius of its design. Do what the fuck you want with your life and your resources, but one thing that makes ultimate sense is to make sure you keep hold of a little Bitcoin. No matter what. /end of sermon That's exactly what worries me. This time no one really think Bitcoin could simply vanish. Everybody is expecting a surge any moment in time or, at least, is sure that Bitcoin will hit new ATHs in the next few years. In 2014 most people just didn't know if it was all over. That maybe Bitcoin was really dying for good. Huge uncertainty to say the least. This time there is so much confidence.... it's not a matter of IF anymore, just WHEN.... and that difference is somewhat scary. How are the "weak hands" going to capitulate with all this optimism? Can the price keep rising without a real capitulation? Well, maybe, but again that would be a new scenario unlike past Bitcoin history. Anyway, even if the price just stagnates around this level for a few more months could probably grind the nerves of many of those weak hands in a sort of slow-mo capitulation. The only thing I am sure is that we needed this correction. The thing I am not so sure is if we need a deeper (or longer in time) one. Still too much hope... me included. Sure, it's a valid and fairly widely held view. I guess I am saying, there might be more people wanting 'in' than can be accommodated and that the capitulation we all assume is 'necessary' in actually why it will not happen. Maybe, so many expect it that it will happen (so they know it's time to get in) that others will front-run it and mean it won't happen at all. January is an obvious point if we are following past years - most of them have been at least an annual low. But if it isn't....? We are also overdue for a recession. If the world financial system wobbles again, and the world is hardly looking stable, well... I am being contrarian, but I see 230 exchanges and think - 'jeez, there just arn't enough coins for this much interest'. Just a point of view, yes - but maybe we're wrong and that capitulation has already happened.... |
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BitMex right now...  Don't know why, this reminds me of the Mayor. Yep, that evil genius got mine too. Bless him! |
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Seems awful quiet 'round here.
Who cancelled the weekend pumps, did Rosewater take them with him..? We should have frisked him on the way out.
Probably. I guess right now is where people gave up and nobody wants to buy in. This might go on for a while. I wonder if bitcoin will ever experience huge pumps like in the past? Those were the days.... At best now we will only have a linear increase. It might go on for a while, but don't write Bitcoin off just yet! There are only 21 million bitcoins and most have already been mined which is not enough for every entity that wants one. If you see how many exchanges, institutions and governments are now forced to take notice, it can't be stopped or ignored. Yes, it looks flat just now - but don't think the fireworks are over. They aren't yet... Not by a long chalk. We have some pain still to go through, but there will be prices in future that will dwarf the last ATH. This has always have been so, and I can only see many thousands of reasons why this process shall be seen again. What are you talking about? Everybody knows Bitcoin is dead now. There is no hope. Damn - I forgot to be pessimistic to bring on the capitulation, sorry! But you know what? I think history is not simply a fractal pattern every time. I think a lot of people REALLY DID think it was 'all over' last time - but 'this time' they patently do not. And those, new to crypto who are unsure - are just waiting to see what happens. So this time, as soon as it looks like the bear market is over and it's going back up, the scramble to grab the last coins available could be brutal. Hairy (and others) who I have tended to agree with, look correct - that is; that we need a crypto capitulation, a 'crypto winter'. So, we have to see what happens in January to confirm the pattern of 2014 / 2015. And this may come to pass, yes. But think: if people assume this, but if after January, things are NOT the same - then they will get nervous about missing the chance to accumulate. The LAST chance to accumulate? Then it's a game of chicken. No one can drive Bitcoin to zero, there is a base level with too many buyers to get even close. But it will only take a few funds, or one country to see BTC as 'too good to miss' for the shit to get real. FOMO, when there are only a few coins left? It will come, of course it will. When? Either after the fractal of a January dip ends the bear market, or (perhaps) the absence of the January dip. Either way, it seems we might not have not got that long to go. Any recession in the fiat economy is another factor that will move people away from trust in the legacy system and towards real, hard money: Bitcoin. Is Bitcoin dead? No, of course not. And if everyone knows that, then of course, ultimately its value can only increase. Such is the genius of its design. Do what the fuck you want with your life and your resources, but one thing that makes ultimate sense is to make sure you keep hold of a little Bitcoin. No matter what. /end of sermon |
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Seems awful quiet 'round here.
Who cancelled the weekend pumps, did Rosewater take them with him..? We should have frisked him on the way out.
Probably. I guess right now is where people gave up and nobody wants to buy in. This might go on for a while. I wonder if bitcoin will ever experience huge pumps like in the past? Those were the days.... At best now we will only have a linear increase. It might go on for a while, but don't write Bitcoin off just yet! There are only 21 million bitcoins and most have already been mined which is not enough for every entity that wants one. If you see how many exchanges, institutions and governments are now forced to take notice, it can't be stopped or ignored. Yes, it looks flat just now - but don't think the fireworks are over. They aren't yet... Not by a long chalk. We have some pain still to go through, but there will be prices in future that will dwarf the last ATH. This has always have been so, and I can only see many thousands of reasons why this process shall be seen again. |
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Seems awful quiet 'round here.
Who cancelled the weekend pumps, did Rosewater take them with him..? We should have frisked him on the way out.
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Classic bitcoin right now, always worst case scenario happening, its like the coin is thinking, How can I know who truly loves me? How can I know who's only with me for money? so right now scenario is faking a bottom close to 6k to trap most of the speculators before this support becomes a huge resistance and we find bottom way down from here
Bitcoin is very jealous, he only wants the best and strongest and most loyal holders; bitcoin wants someone that truly understand him; bitcoin is testing your loyalty every time; if you like bitcoin you stay with him for life and you love him whatever he does even if he plunges!
BE LOYAL
BE LOVING
BE HERE FOR HIM
Him?? It's a SHE, plainly. Absolutely. A male would be far more (boringly) predictable. |
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I wonder how they assess 233 exchanges for relative security with any accuracy that is meaningful. Do they phone them up and ask if they have a 'hack insurance' policy? And a good guard dog..? |
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Finex has been climbing higher than Stamp for a couple of weeks. Reminds me of Gox - people buying BTC to get out.
It's a $50 dollar gap now..
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I'm afraid once fiat conversion is unnecessary, they'll move the tracking to the actual goods, as they're already doing for assets with substantial value, e.g., cars, real estate etc - as pointed out several times in recent posts.
Exactly. And they'll even apply it retroactively: http://www.cityam.com/264481/mystery-bankers-wife-losses-anti-corruption-order-appealThe high-rolling wife of an anonymous banker has been defeated in her push to overturn efforts by the National Crime Agency (NCA) to make her reveal how she was able to afford properties in Britain worth £22m.
A High Court judge overturned an attempt by the woman, identified as Mrs A, to block the NCA’s use of one of its first-ever “unexplained wealth orders” (UWOs) – new powers to battle corruption which force owners of assets worth £50,000 or more to prove they acquired them legitimately.
The NCA’s order said that Mrs A – who is the wife of a banker from a non-EEA country – had to reveal the source of her income, or face having the properties taken away from her.
The new orders – which reverse the burden of proof, forcing those suspected of gaining assets through crime to prove they were legally obtained – came into effect in January.
The court was told Mrs A had made lavish purchases, including spending over £16.3m over a decade at luxury department store Harrods, and has access to fine wines, private jets and luxurious properties. Russian oligarch's trophy wife, I would hazard a guess..? |
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You're right of course, Torque. However, even though I actually think Novogratz is one of the better 'suits' in crypto, he has been so bad so far, he's actually become a decent contrary indicator. So his 'no 9K this year' is pretty bullish. |
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they certainly wouldn't appreciate you getting your dong out in a European restaurant.  You beat me to it. I am not sure it works too far way from our little part of the world, but you brightened my day. |
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Well there is action...
Monero just leapt up to 0.0183, or over $120.
Mustn't grumble, eh? Let's see if this is a run, or just a spike. I feel the former - but we shall see.
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The best lack all conviction, while the worst
Are full of passionate intensity.
so many JJGs
so few mayors
Too true.... |
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Meanwhile, I give up. The show's over for me. This money can be put to better use somewhere. I'm sure of it. Thus and so I'm cashing the fuck out before I do anymore damage to myself. God speed, you lot of sophisticates. Give my regards to mister Toronto.
Cheers and bon voyage or whatever.
No need to give up. Don't get eaten up by the beast. I had to do a BTC detox recently, it was becoming too much for me. Remember that sometimes not getting what you want is a wonderful stroke of luck. I said it elsewhere probably and I'll state it again. We are at war, we are fighting for our freedom. Nobody said it was easy since free people (with lots of money) are the most dangerous lot. Be well and take care Mayor I'm just coming off what I thought was a months long BTC detox. It didn't seem to work. I sincerely do wish you the best for you. If you're really selling up, good luck. |
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I love how you all still have hope. It's refreshing.  I'd hope it all works out for you, but, well... Come on Rosewater, old chap - are you sure you want to get out completely - no little insurance policy left, just in case? Sure, it's rough, and no one can guarantee anything will turn up soon - but if you cash it ALL in now, you will probably never buy back in. No financial advice - but maybe take some time out.... Or at least sleep on it a bit? And yes, you will be missed. Really. Go see what the Mayor thinks? |
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^^^ LOL , when lebowski is appropiate to apply then we gotta do it  Of course... The Dude abides. |
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Finex gap with Stamp seems wider than usual...
Over $30 ?
OK, not much, but unusual of late - it's usually been about $5.
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