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Question: What happens first:
New ATH - 41 (71.9%)
<$60,000 - 16 (28.1%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26353785 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
jojo69
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January 30, 2018, 06:27:56 PM

This is so transparent it is laughable.

The timing is pretty over the top...they really think we are that stupid...I suppose that fact in and of itself is a tradable data point.
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January 30, 2018, 06:29:29 PM

...
Or People woke up and suddenly felt the urge to move coins? Crash anticipation?
...



Yes!  Insider knowledge of the subpoena article coming. 
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January 30, 2018, 06:31:50 PM

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"The U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether..."

Last Week

So think about that, HODL, and BTFD

How low is this going to go, I wish people would man the fuck up & stop selling at th 1st sign of what looks like bad news.

Why won't they sell, if they can buy back later at a much cheaper price ?
people are treating btc as an investment, they want to make money, and cashout, no one treats btc as payment system, they don't care if it eventually succeeds or fails.
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January 30, 2018, 06:33:03 PM

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.
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January 30, 2018, 06:33:14 PM

This is so transparent it is laughable.

The timing is pretty over the top...they really think we are that stupid...I suppose that fact in and of itself is a tradable data point.

It's gonna be pretty laughable when the opposite of what they expect happens, and their shorts get squeezed to hell from incoming buyers trying to BTFD.

Also, do they really think people don't know legal due process? A subpoena is nothing, no action happens immediately. You can lawyer up and kick the can on shit like that for months or even years.
STT
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January 30, 2018, 06:33:49 PM


Are you even paying attention?

Have you heard of lightning network?  Of course, some of it is already being experimented upon... it could take many years before it is microtransacting on the level of visa... but it is in the works.

Also, you mention that you want to send big amounts of bitcoin around, and you know that the problem is not with big amounts, because in terms of percentage it is not bad, especially if you are getting into the several thousand dollars arena.

Finally, fees are low currently and transaction times are fast currently.

I just looked in my blockchain.info wallet, and it is showing $.12 for regular fees and $2.02 for priority.  Seems fairly reasonable to me, and you could take advantage of these low fees if you want to move money around, at this time.

I have heard of lightning network but its only segwit adresses I'm able to use currently to alleviate fees, I'm just talking about the reality of the situation and how that feeds back into market demand.   Of course I want them to advance the capability of crypto far more then it is now especially for micro transactions, until its usable we are all speculating perhaps a little too much and hence the price pulls back to a more steady area.

I'm pretty sure all my transactions are micro!   I'm not a whale sadly, if fees have fallen to $2 then thats way more realistic for most people to use BTC.    I swear they recently halved, I'll check the graph site I have bookmarked and post the fee structure/backlog as I think its relevant



I dont want to spike the guys site with traffic, pm if you want a link as he gives a few dynamics
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January 30, 2018, 06:38:08 PM

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

What news?
jojo69
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January 30, 2018, 06:39:59 PM

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

What news?
Bitfinex/Tether subpoenaed
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January 30, 2018, 06:40:02 PM

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

What news?

https://bitcointalk.org/index.php?topic=178336.msg29259444#msg29259444
Torque
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January 30, 2018, 06:40:20 PM

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"We routinely receive legal process from law enforcement agents and regulators conducting investigations," Bitfinex and Tether said in a statement to Bloomberg. "It is our policy not to comment on any such requests."

routinely

Routinely: on an ongoing basis. Like all the fkn time.
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January 30, 2018, 06:40:31 PM
Merited by BobLawblaw (1)

Tether is only 2.3 billion in a market of more than 500 billion.

Think about it for a minute.


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January 30, 2018, 06:43:44 PM

whew

got out of my ill-advised BCH position at break even by the skin of my teeth, thank goodness for this dump
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January 30, 2018, 06:43:54 PM

Tether is only 2.3 billion in a market of more than 500 billion.

Think about it for a minute.

Think about 2.3 Billion of liquidity is going to be removed from 10 billion...
Think about that 20 Million $ can move the market by 5-10%, then a 2.3 Billion Market order (in the worst case) will move bitcoin where?
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January 30, 2018, 06:45:04 PM

Now that Bitcoin is gaining tracking traction by the old boy's expect to see more of these overlooked Loopholes plugged.

My only advice is to avoid exchanges that don't comply with common sense rules that crack down on fraud and other "market" exploits such as insider trading.
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January 30, 2018, 06:45:41 PM


I blame the exchanges for the Tether nonsense.

They could have listed a genuine trustless, market backed fiat proxy such as BitUSD which would have been far more reliable and bullet proof than some corporate emperor's clothes crap like tether.
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January 30, 2018, 06:46:18 PM
Merited by BobLawblaw (1), ErisDiscordia (1), RejectedBanana (1)

$1500 drop in 24 hours? Excellent!! Please let me know when the bottom is in so I can sell...
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January 30, 2018, 06:46:21 PM
Last edit: January 30, 2018, 06:57:27 PM by rezurect007
Merited by ErisDiscordia (1)

1000 BTC wall @9500
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January 30, 2018, 06:46:55 PM
Merited by yefi (1)

Tether is only 2.3 billion in a market of more than 500 billion.

Think about it for a minute.


Tether is not intended to be speculative. There's supposed to be $2.3B actual fiat backing it.

vs crypto "market cap", which is hugely speculative. It's not an actual valuation, it's simply supply x price.

So yes, the collapse of Tether could have a hugely disproportionate effect on the whole crypto market if it's backed by little to nothing.
enter`name`here
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January 30, 2018, 06:48:47 PM

Tether might be a scam, quick sell your bitcoin for Tether! /bitfinexTraders

EDIT: I suppose you could transfer the tethers to an exchange that offered USD/USDT trading...  If the market is actually concerned about tether it is on that pair we should see panic selling I would imagine... current USD price on kraken at time of this post: $0.9899
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January 30, 2018, 06:51:18 PM
Merited by jojo69 (1)

Tether is not intended to be speculative. There's supposed to be $2.3B actual fiat backing it.

vs crypto "market cap", which is hugely speculative. It's not an actual valuation, it's simply supply x price.

So yes, the collapse of Tether could have a hugely disproportionate effect on the whole crypto market if it's backed by little to nothing.



Do you think theres enough fiat on the exchanges to cover 500 billion?

Do you think theres enough fiat in the entire world to cover the 1.2 quadrillion derivatives markets?
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