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

[theymos_away]

Someone should look at the Omni chain data and graph USDT total supply vs BTC price, and Omni USDT transaction total values vs BTC trade volume.

[jonoiv]

If it is a coincidence that Tether is hacked three days after a social media campaign starts against it on Reddit, then that is a remarkable coincidence.

It reads to me like the growing hubub triggerring a bank run, and then Tether creating this incident in-house as a delaying tactic. Classic ponzi bank run behavior.

Ok let’s assume the rumors are true. Can we correlate the lift off in Bitcoin price to the date that Tether started circulating?

The price of Tether does seem to have a more or less inverse linear relation to btc from it's inception, which was around the time that btc found bottom from mt.gox.

I don't get what you are trying to show with these charts?
The 1st one shows tether price remains fixed at $1,  and falls against BTC as, BTC goes up., both not surprising.
The 2nd one shows the price of BTC rising?

I had a friend with one short leg.   To compensate the other one was longer. 

[somac.]

You could put up about 100 different alt coin charts and it would match the rise in btc, not saying that tether isn't an issue, but, those charts don't really show anything. Correlation is often meaningless.

[ghandi]

Kraken wants €7000 today

[Phil_S]

Looks like bittrex started BTC-BTG trading:

https://bittrex.com/Market/Index?MarketName=BTC-BTG

0.034 so far.

[itod]

When we are at BTG trading/dumping: I've successfully and easily swept BCH with Electron Cash wallet to dump them, now I would like to do the the same for BTG with Electron Gold. Is this made by the same guys? just to double check...

[fluidjax]

When we are at BTG trading/dumping: I've successfully and easily swept BCH with Electron Cash wallet to dump them, now I would like to do the the same for BTG with Electron Gold. Is this made by the same guys? just to double check...

I think electrumgold is a scam wallet

https://bitcoingold.org/not-official-websites/

[julian071]

When we are at BTG trading/dumping: I've successfully and easily swept BCH with Electron Cash wallet to dump them, now I would like to do the the same for BTG with Electron Gold. Is this made by the same guys? just to double check...

I used coinomi on my Android to sweep the private key for BTG, and sold it on cryptopia a couple of days ago.

Eidt: a wall! A wall on Kraken!

[BlindMayorBitcorn]

If it is a coincidence that Tether is hacked three days after a social media campaign starts against it on Reddit, then that is a remarkable coincidence.

It reads to me like the growing hubub triggerring a bank run, and then Tether creating this incident in-house as a delaying tactic. Classic ponzi bank run behavior.

And here I thought I was just being cynical.

[fragout]

Managed to sell my few bitcoin gold yesterday at the bottom ($70). My timing is still perfect when judging a bottom or top

[AlcoHoDL]

Damn! We reached 7000 € @ Kraken, followed by a very long vertical drop, which was promptly cancelled out by the Choo-Choo, bringing the price to almost 7000 € again.

CAROLINA!

[fragout]

Tether website gone offline. $30 million "hack" last night. Not liking this

[Cassius]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

[itod]

When we are at BTG trading/dumping: I've successfully and easily swept BCH with Electron Cash wallet to dump them, now I would like to do the the same for BTG with Electron Gold. Is this made by the same guys? just to double check...

I think electrumgold is a scam wallet

https://bitcoingold.org/not-official-websites/

Thanks, man. That is what I was afraid off, that somebody copied the whole site from Electron Cash wallet to Electron Gold wallet site.

[fragout]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

Thats only part of the potential problem. If they (bitfinex/tether) were issuing tether without any backing ($670 million remember) and using margin on top of that to pump btc, We are in a lot bigger trouble. Not only will everyone who holds tether have a worthless token but we have no idea what any coin is actually worth in the real market.
Its been 24hours since bitfinex said they would be releasing an official statement.

I might be getting paranoid here but it feels like de ja vu (goxed)

[_javier_]

Wow, so much is happening...

So it seems Bitcoin Gold (BTG) is doing well. I guess it's that time of the year again, when I have to fire up my TREZOR and split my coins to get my BTG airdrop.

And now I read about another airdrop, Bitcore (BTX)! How come I missed that?

My plan is this:

1. Create a new recovery seed in TREZOR and move my BTC there.
2. Do the Bitcoin Gold (BTG) splitting on the old (empty of BTC) recovery seed.
3. What do I do to claim my Bitcore (BTX)?

If anyone knows the procedure for BTX, please let us know, I'm sure many of us have the same question.

Thanks!

Go back about 1-2 pp.

Thanks. I did read the pages earlier, but felt the info was a bit confusing on what to do. I read them again now, and I think all info needed is contained in the following steemit page:

https://steemit.com/crypto-news/@xwerk/bitcore-btx-guide-the-2nd-snapshot-for-btc-hodlers-free-btx-or-how-it-works

Will empty my current wallet (seed) of all coins first, and then do the BTG and BTX splitting. Will let everyone know what happened, so that anyone wanting to do the same can have some reassurance on the correct procedure to follow.

I already had the empy wallet for BCH claiming, so i did the BTX one.

Easy pie.

Load BTX wallet, go to console, importprvkey XxXxXx  for the BTC address with funds on 2/11 and bam! BTXs appeared.
Free coins!

Maybe just a few dollars now.. But you can get the weekly airdrops.. and let it be there.. we´ll see in a couple of months.

(Mark this post for future reference and tips to my address in signature.. rofl)

[Cassius]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

Thats only part of the potential problem. If they (bitfinex/tether) were issuing tether without any backing ($670 million remember) and using margin on top of that to pump btc, We are in a lot bigger trouble. Not only will everyone who holds tether have a worthless token but we have no idea what any coin is actually worth in the real market.
Its been 24hours since bitfinex said they would be releasing an official statement.

I might be getting paranoid here but it feels like de ja vu (goxed)

I don't think it's paranoia if it's happened before. More like suspicion or realism
Worst case scenario it does look like a Willy/Gox situation, with QE USDT being used to inflate BTC prices. But I don't think it will be that bad. Even if USDT is a fractional reserve, which would be no trivial thing, it accounts for a relatively small proportion of the market and broader demand is growing fast.
Not a picnic, but no Gox/China ban scenario either.

[gentlemand]

it accounts for a relatively small proportion of the market and broader demand is growing fast.

USDT on BFX has a double whammy effect. It's new money on the exchange that others follow. That's far more potent than the same money on a minor league exchange. It shouldn't be underestimated.

[Cassius]

it accounts for a relatively small proportion of the market and broader demand is growing fast.

USDT on BFX has a double whammy effect. It's new money on the exchange that others follow. That's far more potent than the same money on a minor league exchange. It shouldn't be underestimated.

That's true. It wouldn't be pretty. Equally, we're a long way from 2014 now in terms of infrastructure.

[Torque]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

Thats only part of the potential problem. If they (bitfinex/tether) were issuing tether without any backing ($670 million remember) and using margin on top of that to pump btc, We are in a lot bigger trouble. Not only will everyone who holds tether have a worthless token but we have no idea what any coin is actually worth in the real market.
Its been 24hours since bitfinex said they would be releasing an official statement.

I might be getting paranoid here but it feels like de ja vu (goxed)

I don't think the market will miss a beat. The FUD is by design, the FUDsters need another reason to short/dump the market and cause another panic. It's getting comical at this point. After every rally, there is always some "magical FUD" that appears out of nowhere and gets everyone all frazzled.

You guys need to chillax. Also, why do you guys consider Bitfinex to be the center of the Bitcoin universe? They suck, everyone knows it, no one trusts them, and hardly anyone I know even trades there.