Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[hmmmstrange]

1w charts still pointing down

MACD on weekly charts is pointing up.

[1714033553]

1714033553

[1714033553]

1714033553

[1714033553]

1714033553

[1714033553]

1714033553

[cbeast]

It can't even hold a Lesser Rule of Thirds cycle. Back to 180. PUUUUURRRRGE you non-believers. Cleanse yourselves of filthy bitcoins!

[Sitarow]

Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

https://www.fdic.gov/deposit/deposits/

"FDIC insurance covers all deposit accounts, including:
Checking accounts
Savings accounts
Money market deposit accounts
Certificates of deposit
FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."

As with traditional exchanges what they insure is the balance in USD and not the products.

This permits mom and pop to move 25k in RRSP 401k and other funding options.

This is huge.

[supermine]

Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.

[coinableS]

Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

Not just banks. They also insure "depository institutions" per FDIC's website:  " The majority of these insured depository institutions are subsidiaries of bank holding companies."

[BayAreaCoins]

Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.

A: /r/ is /g/ay.

B: Move your whole life savings into Euro's and gl to ya!

C:
   

[Brewins]

Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.

who is shibedojo?

Some doge hodler?

And leave BTC to go for USD and euro is going to bad to worse, not matter how bad is your vision of BTC

[pjviitas]

Sub 200 by Sunday.

[Brewins]

Sub 200 by Sunday.

saving to laugh at you after sunday

[JorgeStolfi]

As with traditional exchanges what they insure is the balance in USD and not the products.
This permits mom and pop to move 25k in RRSP 401k and other funding options.
This is huge.

So mom and pop will be able to put their 401k money into the Gemini exchange and day-trade bitcoin with it?

Can they deposit it with a broker and day-trade penny stocks with it?

[Brewins]

As with traditional exchanges what they insure is the balance in USD and not the products.
This permits mom and pop to move 25k in RRSP 401k and other funding options.
This is huge.

So mom and pop will be able to put their 401k money into the Gemini exchange and day-trade bitcoin with it?

Can they deposit it with a broker and day-trade penny stocks with it?

after the wolf of wall street I guess they would prefer daytrade BTC instead.

We all know that brokers are here only to make all your money become their money

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Blazin604]

Can someone please explain to me how GEMNI and RIPPLE are different? Isnt NXT or Counterparty and Bitshares all the same

[cbeast]

[solex]

Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

https://www.fdic.gov/deposit/deposits/

"FDIC insurance covers all deposit accounts, including:
Checking accounts
Savings accounts
Money market deposit accounts
Certificates of deposit
FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."

As with traditional exchanges what they insure is the balance in USD and not the products.

This permits mom and pop to move 25k in RRSP 401k and other funding options.

This is huge.

And recently:

Financial analyst, Ann Barnhardt, says that Citigroup is adding an astounding $10 trillion per quarter to its derivatives portfolio.
In the event of a drop in value, this now is covered by the FDIC, which transfers the high risk of derivatives to US taxpayers.

http://investmentwatchblog.com/financial-analyst-ann-barnhardt-says-that-citigroup-is-adding-an-astounding-10-trillion-per-quarter-to-its-derivatives-portfolio/#x9jiOHpTCvEdWWEJ.99

[Brewins]

Can someone please explain to me how GEMNI and RIPPLE are different? Isnt NXT or Counterparty and Bitshares all the same

is GEMNI an altcoin

[BayAreaCoins]

Can someone please explain to me how GEMNI and RIPPLE are different?

Can someone please explain to me how GEMNI and RIPPLE are different? Isnt NXT or Counterparty and Bitshares all the same

is GEMNI an altcoin

Seriously?

[cbeast]

And recently:

Financial analyst, Ann Barnhardt, says that Citigroup is adding an astounding $10 trillion per quarter to its derivatives portfolio.
In the event of a drop in value, this now is covered by the FDIC, which transfers the high risk of derivatives to US taxpayers.

http://investmentwatchblog.com/financial-analyst-ann-barnhardt-says-that-citigroup-is-adding-an-astounding-10-trillion-per-quarter-to-its-derivatives-portfolio/#x9jiOHpTCvEdWWEJ.99

[fallinglantern]

Probable troll pump video from AdamGuerbez here:
https://www.youtube.com/watch?v=WBsxLMCA8R8&feature=youtu.be&a

[kodtycoon]

Probable troll pump video from AdamGuerbez here:
https://www.youtube.com/watch?v=WBsxLMCA8R8&feature=youtu.be&a

"please dont leak this video"....

....

"leaked"...