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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25460326 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. (157 posts by 13+ users deleted.)
becoin
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February 01, 2018, 09:19:40 PM

This is an interesting twist on the USDT thing: that they are capitalised, but went about it backwards. http://telegra.ph/Tether-could-be-guilty-of-perpetrating-a-huge-fraud-just-not-the-one-we-think-02-01

It doesn't make sense.

Quote
The timing of the creation of new USDT. Analysts have noted this often happens at critical moments, for example when the market is falling sharply or is threatening to breach a significant technical level. That would make sense if Tether are using those opportunities not only to buy cheap BTC, but potentially to manipulate prices higher in order to sell them at a better rate.

Bullsh!t. Every margin trader is doing that.


True. Though not every margin trader gets to print the currency with which they buy BTC.
It's pretty well accepted that the creation of new USDT tends to occur at key points in the trading cycle.

Margin traders borrow money that might or might not exist at the time trade is done. That's what banks are doing all the time while trading. They borrow overnight to finance their trading positions.

Nobody knows in advance where are the key points in the "trading cycle". Those points become key points only after somebody invests a lot of money buying or selling. In this case acquiring a lot of USDT and selling them for BTC.


By minting 100m usdt, Finex become the trading cycle. That's the whole point.

Every central bank is the trading cycle for their respective currency. USDT is a private currency of Fiinex. It is quite natural if Finex defines the trading cycle of USDT.

Fed is the trading cycle for USD. Finex is the trading cycle for USDT. Get used to it and move on!

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February 01, 2018, 09:21:56 PM
Merited by flynn (1)

ok

I'll say it :

Who sold at bottom ?


I paid for a hotel room on Expedia when the price was at like $8600 or so.

On the other hand, it's the first time I've spent bitcoins in a while because the transaction fees didn't make it worth it. I paid $300 for the room and only paid $1 in fees (could have lowered the fee if I wanted).
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February 01, 2018, 09:25:28 PM

This is an interesting twist on the USDT thing: that they are capitalised, but went about it backwards. http://telegra.ph/Tether-could-be-guilty-of-perpetrating-a-huge-fraud-just-not-the-one-we-think-02-01

It doesn't make sense.

Quote
The timing of the creation of new USDT. Analysts have noted this often happens at critical moments, for example when the market is falling sharply or is threatening to breach a significant technical level. That would make sense if Tether are using those opportunities not only to buy cheap BTC, but potentially to manipulate prices higher in order to sell them at a better rate.

Bullsh!t. Every margin trader is doing that.


True. Though not every margin trader gets to print the currency with which they buy BTC.
It's pretty well accepted that the creation of new USDT tends to occur at key points in the trading cycle.

Margin traders borrow money that might or might not exist at the time trade is done. That's what banks are doing all the time while trading. They borrow overnight to finance their trading positions.

Nobody knows in advance where are the key points in the "trading cycle". Those points become key points only after somebody invests a lot of money buying or selling. In this case acquiring a lot of USDT and selling them for BTC.


By minting 100m usdt, Finex become the trading cycle. That's the whole point.

Every central bank is the trading cycle for their respective currency. USDT is a private currency of Fiinex. It is quite natural if Finex defines the trading cycle of USDT.

Fed is the trading cycle for USD. Finex is the trading cycle for USDT. Get used to it and move on!
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February 01, 2018, 09:25:50 PM

ok

I'll say it :

Who sold at bottom ?


That would be me. My weak hands just couldn't HODL any longer. Ranks up there in one of the dumb moves that I have made.  Cheesy Cry Probably, because at 3:00 am in the morning, I got up to use the restroom and looked at the charts. Been up ever since, looking at the charts more than actually working.  Cheesy Exhausted and cranky, I just dumped during my lunch break. Oh well, at least I still have 70% of my holdings in the private keys stored on my Trezor.
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February 01, 2018, 09:27:23 PM
Merited by explorer (1)


Anyone here from 2013??  Cool

https://www.youtube.com/watch?v=K2ku1A5Ox8U
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February 01, 2018, 09:28:07 PM

This is an interesting twist on the USDT thing: that they are capitalised, but went about it backwards. http://telegra.ph/Tether-could-be-guilty-of-perpetrating-a-huge-fraud-just-not-the-one-we-think-02-01

If that was the case I don't think it is even fraud. They were ultimately issuing tether in $100 million chunks which is a small percentage of the total. As soon as most the previous ones were already covered by USD from the sale of BTC they had enough money to cover just the latest issued Tether by their OWN USD. I can't see why that is fraud.

If Tether were backed not by USD but by other different assets (ie: BTC) that would be a much different thing and a clear fraud even if at some point of time those BTC were theoretically worth double or more than the amount of USD being backed.

Of course this is all speculation.
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February 01, 2018, 09:28:30 PM


I think the idea of "Guvs" and big banks was to buy up all know bitcoin in sight during the last 8 months of 2017, drive the price up to kingdom come and then slam the market into the ground in attempt to destroy confidence in bitcoin as an asset.

They had to do that to avoid the worldwide debt bubble being "pricked" by bitcoin.

May or may not work.

I also think this would account for some of the bizarre dumpfests...

Ie.. ‘Hey look! Bitcoin is recovering and seems to be gaining momentum and may end this month/week on a high ... let’s dump the shit out of it... so it doesn’t end the month/week on a high an I can maximise my...er....losses!!’

Yep. That seems legit!
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February 01, 2018, 09:28:37 PM

ok

I'll say it :

Who sold at bottom ?


I paid for a hotel room on Expedia when the price was at like $8600 or so.

On the other hand, it's the first time I've spent bitcoins in a while because the transaction fees didn't make it worth it. I paid $300 for the room and only paid $1 in fees (could have lowered the fee if I wanted).

I gave you 1 merit for the pain.

Or else I said that because it's supposed to officially end the dip

But when I say it, nothing special happens of course ...
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February 01, 2018, 09:29:23 PM
Merited by bones261 (1)

That would be me. My weak hands just couldn't HODL any longer. Ranks up there in one of the dumb moves that I have made.  Cheesy Cry Probably, because at 3:00 am in the morning, I got up to use the restroom and looked at the charts. Been up ever since, looking at the charts more than actually working.  Cheesy Exhausted and cranky, I just dumped during my lunch break. Oh well, at least I still have 70% of my holdings in the private keys stored on my Trezor.



This is a test of faith. But you still have 70% of it.

Embrace the cult of HODL. This is a initiation.

You are entering in a new degree of the cult.

Karhu is here to test you.
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February 01, 2018, 09:34:52 PM

ok

I'll say it :

Who sold at bottom ?


the bottom was 10k

And before that it was 12k, and before that 14k... and now it's 8k?

It's almost like selling at the "bottom" could be actually a good strategy Tongue
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February 01, 2018, 09:35:50 PM

how's this for a theory? admittedly freshly pulled out of my ass

Wall St. has been shoveling USD into bitfinex hand over fist, the USDT is actually all backed.

Bitfinex AND bitfinexed are both in on the plan.

They stall their audit and release the USDT in such a way to appear as shady as possible, meanwhile bitfinexed jumps up and down and waves his arms.

They sever ties with their auditor and gin up the old story about the subpoena as wall St dumps BTC.

Wall St buys cheap coins...we are here, or soon

Tomorrow Bitfinex/Tether release all accounting data and bank statements, tether is all backed

we all suffer neck injury

profit?

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February 01, 2018, 09:37:53 PM


February 2013.  What a crazy year that was!
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February 01, 2018, 09:38:13 PM

Hi everyone,

Been lurking around for years and for some reason never needed to contribute Smiley
So it was about time to write the famous word: HODL!
It is so obvious that this is manipulated. It will take time to recover but not too much...

Stay strong! Wink

PS: with all due respect, first thing I did after registering was ignoring some roaches that make this forum unreadable.

Hold the line, bitches, just hodl the line!  Angry  Don't you even try to sell!
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February 01, 2018, 09:38:49 PM

I wanted more pain than that. Angry
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February 01, 2018, 09:40:03 PM

how's this for a theory? admittedly freshly pulled out of my ass

Wall St. has been shoveling USD into bitfinex hand over fist, the USDT is actually all backed.

Bitfinex AND bitfinexed are both in on the plan.

They stall their audit and release the USDT in such a way to appear as shady as possible, meanwhile bitfinexed jumps up and down and waves his arms.

They sever ties with their auditor and gin up the old story about the subpoena as wall St dumps BTC.

Wall St buys cheap coins...we are here, or soon

Tomorrow Bitfinex/Tether release all accounting data and bank statements, tether is all backed

we all suffer neck injury

profit?





Makes complete sense. But then theres that people who will say this is a tin-foil hat conspiracy theory.

Just look at the growth after the end of october. Its not normal. If it was only average users, it wouldnt spike like that.

Thats why we need to HODL.

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February 01, 2018, 09:41:42 PM

The pitch to new investors (where price appreciation to 25k is going to come from)

It's not too late to tell your parents to buy physical silver instead.



Ouch...

That happened in my old hometown (Malmö) the other day. She was groped by an immigrant in a nightclub called Babel and slapped the guy. Later when she was going home the guy waited for her outside and smashed a bottle in her face, bystanders intervened but the guy got away before the police arrived.
That's one of the reasons I moved to another town.

If you think about it, it is a very bitter irony for several reasons.  First of all, it was ENTIRELY women holding up "refugees welcome" signs.  This is because human females are just like any other female mammal.  A female whale will make whale sounds to try and attract males to them.  The female whale then refuses to mate until there's only one male left - in other words, pretending she is the prize and the male whales are expendable and have to fight each other to the death for her.

The female human is essentially doing the same thing.  She wants the largest pool of human males possible to compete over them.  They don't care about any problems she causes by doing so, even if it destroys the entire civilization in the process.  They are primitive creatures subconsciously driven by Freudian instinct and all that matters is their reproductive strategy of getting as many males as possible to fight over them.  The more people that die in the process the better, because that eliminates supposedly weak genes.

When the good team of WW2 (the Nazis) defeated the French simply by walking around the side of their miles long trench, the French women immediately started flinged themselves at the Nazis and going on dates with them, abandoning their native Frenchmen.  Women literally just invite in invaders as part of their reproductive strategy.

But, this is where the funny part happens.  These cavemen from Iraq have foiled not one, but BOTH of women's schemes:

1)  The act of putting on lots of makeup, dressing in revealing clothing, and presenting themselves as sex objects while demanding men meet hundreds of conditions (exploitation) and give them resources (prostitution) to gain access to what they are advertising - FAIL.  These monkeys from Iraq just walk up and rape them, thus instead of the woman exploiting the man, the woman's scheme completely backfires and she is the exploited one.

2)  The woman also wanted all the men to fight to the death over her to leave only the good genes for mating.  This strategy has also completely failed.  The fact the govts are occupied by Jews legislating Marxism makes the risk/reward ratio for gunning down muslim invaders in the streets very unrewarding for the man, so they're obviously not going to play that game.  The woman then gets raped by some random janitor with bad genes from Somalia and loses again!

This is why Jews are always pushing propaganda to "empower women", because it's the fastest way possible to destroy a (white) civilization.  Women do not build civilizations.  When you look outside your window, literally every single brick was put there by a man.  It's like allowing a dog to drive a car.  If matriarchy was a viable model for humans, evolution would have already created it.  Hundreds of thousands of years of evolution deemed it unviable.

WTF has this this got to do with bitcoin?  Consider yourself permanently ignored, dickhead.

Someone can't handle the truth.  You can take your self destructive matriarchy and shove it up your ass.





I have to say though... supporters of mass refugee migration were all women (and the "nice guy" men), but not all women, not even close, support mass refugee migration.

The truth is that very few people actually go out to protests. The "vocal minority" makes social culture toxic in a democracy, since your alter-ego strengthens and restricts your freedom of speech/action.

I would say that, for instance, with regards "the matriarchy", that very few women are *true* feminists - many would call themselves a (modern) "feminist" if you asked, but most have a large degree of common sense, and aren't totally miserable.
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February 01, 2018, 09:42:36 PM


Haha! That brings back memories! A lot has happened in 5 years.
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February 01, 2018, 09:42:50 PM
Merited by JayJuanGee (1)

ok

I'll say it :

Who sold at bottom ?


the bottom was 10k

And before that it was 12k, and before that 14k... and now it's 8k?

It's almost like selling at the "bottom" could be actually a good strategy Tongue

One year ago it was 1k. Now it's 8k. It looks like buying at the top is a better strategy.  
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February 01, 2018, 09:45:47 PM

ok

I'll say it :

Who sold at bottom ?


the bottom was 10k

And before that it was 12k, and before that 14k... and now it's 8k?

It's almost like selling at the "bottom" could be actually a good strategy Tongue

The "bottom" was around 9k, I claimed. Our little spike down to 8.5k met with very heavy resistance at high volume, which is a good sign.

Support level still sticks at around 8-9k.
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February 01, 2018, 09:47:50 PM


Every central bank is the trading cycle for their respective currency. USDT is a private currency of Fiinex. It is quite natural if Finex defines the trading cycle of USDT.

Fed is the trading cycle for USD. Finex is the trading cycle for USDT. Get used to it and move on!


I feel like one of us has entirely missed the point of this conversation.
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