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

[JayJuanGee]

What has been going on in ETH land...are they ever going to get their shit together over there?

ETH has been over-performing BTC for a while now. The recent under-performance is just reverting that basis spread.

What does ETH have to do with this thread?

Oh?  You are saying that ETH is bitcoin 2.0?      We should not be writing off the flippening, then, right?

Are you in this thread to warn us to move over to ETH?    You don't have enough snot-nosed 12 years olds in the ETH WO thread to share your lovely vision, if there is such a thing?

[JayJuanGee]

... and Theymos expects me to venture out of this thread ?!

I wonder where you are getting this idea that theymos expects merit sources to venture outside of their historical stomping grounds because I understood that theymos did not give too many guidelines for merit sources, and therefore there remains quite a decent amount of individual discretion for merit sources and other persons with smerits too.... 

[bones261]

... and Theymos expects me to venture out of this thread ?!

I wonder where you are getting this idea that theymos expects merit sources to venture outside of their historical stomping grounds because I understood that theymos did not give too many guidelines for merit sources, and therefore there remains quite a decent amount of individual discretion for merit sources and other persons with smerits too.... 

(This PM is being sent to several people.)

Hello. You are now a merit source.

I will be periodically looking through the merit history of sources. If you send a lot of merit to good posts, then I will probably increase your source amount, while if you don't use your source much or use it irresponsibly, it may be reduced or removed. (But don't worry about it too much...)

I picked this batch of sources mainly by looking for ~Legendaries who were not wearing a paid signature. If you actually don't want to be a merit source, let me know.

Several of you post mainly in the Wall Observer thread. I'd encourage you to branch out a bit, such as into the Serious Discussion sections.

Note that there is a bug where whenever you spend your personal stash of sMerit, this also counts against your source for the next 30 days. So if you spent more sMerit in the last 30 days than the source merit I just assigned you, you will already see 0 source merit currently, though it will eventually recover. I will probably fix this at some point, but not soon.

Thanks!

[jojo69]

What has been going on in ETH land...are they ever going to get their shit together over there?

ETH has been over-performing BTC for a while now. The recent under-performance is just reverting that basis spread.

What does ETH have to do with this thread?

Oh?  You are saying that ETH is bitcoin 2.0?      We should not be writing off the flippening, then, right?

Are you in this thread to warn us to move over to ETH?    You don't have enough snot-nosed 12 years olds in the ETH WO thread to share your lovely vision, if there is such a thing?

nobody said...any of that

[TERA2]

With ETH about to go to $30, why would anyone want to buy it?

[HairyMaclairy]

Guys

I’m warning you again. This weekend looks like it it going to be rough.  If you are delicate or panicky, log out now and come back late next week. Leave some low buy orders.  

Hairy

[xhomerx10]

I was in a taxi last night and caught the end of this song. It went like this: 'I'm in love with the shape of your body'. If you can imagine that

[bones261]

With ETH about to go to $30, why would anyone want to buy it?

Because they need the gas to keep breeding their Cryptokitties.

[Hueristic]

I went back 7 pages to find any discussion on the 300 million new USDT and gave up. Too many of these retards in this thread.

If you want to keep up with the conversation on Tethers, you can go to this link. https://twitter.com/bitfinexed?lang=en
This has been a hot topic of conversation for several month. You really think all of the Bitcoin whales have been oblivious to this factor for several months? The fact that Bitfinex/Tether has not been the most transparent regarding this matter is already priced in. If Tether is indeed a shitcoin, with absolutely no USD to back it up, the honey badger doesn't give a shit. Are we overly concerned when some other shitcoin makes a tumble because it's a scam? BTC is traded for those shitcoins too, just like Tether.

Although true, I was under the assumption that Tether had alot to do with the initial pump in OCT.


Also I don't follow twitter and This 300 MILLION USDT was created Yesterday.

https://omniexplorer.info/tx/f3efac4b6203248fc06e2788b61e732319a6e596768f5240680f944780ff84f4

[HairyMaclairy]

There’s a lot of confusion between correlation and causation in Tetherland.

[bones261]

I went back 7 pages to find any discussion on the 300 million new USDT and gave up. Too many of these retards in this thread.

If you want to keep up with the conversation on Tethers, you can go to this link. https://twitter.com/bitfinexed?lang=en
This has been a hot topic of conversation for several month. You really think all of the Bitcoin whales have been oblivious to this factor for several months? The fact that Bitfinex/Tether has not been the most transparent regarding this matter is already priced in. If Tether is indeed a shitcoin, with absolutely no USD to back it up, the honey badger doesn't give a shit. Are we overly concerned when some other shitcoin makes a tumble because it's a scam? BTC is traded for those shitcoins too, just like Tether.

Although true, I was under the assumption that Tether had alot to do with the initial pump in OCT.


Also I don't follow twitter and This 300 MILLION USDT was created Yesterday.

https://omniexplorer.info/tx/f3efac4b6203248fc06e2788b61e732319a6e596768f5240680f944780ff84f4

If Tether is legit, then the printing of Tethers is justified by people making actual wire transfers to Bitfinex and Bitfinex making sure there are enough tethers for people to transfer them to other exchanges if they care to.
If Tether is not legit, then the house of cards will tumble and Bitfinex will become insolvent. Good riddance. Honey badger may end up taking a little nap after getting bitten; but in the end honey badger won't give a shit.

[josephpogi]

As stated in our trading piece from yesterday it looks like the next 7 days will be days of further (temporary) recovery. After the G20  some uncertainty is cleared from the air and some interesting stances have been brought forward. For now, it was made clear regulation isn't a priority at this point but they will formalize their sentiments towards the tech in June. The near future for cryptocurrencies (and their value) looks bright in our opinion but it will take some more consolidation months before the market can take off again.

[JayJuanGee]

What has been going on in ETH land...are they ever going to get their shit together over there?

ETH has been over-performing BTC for a while now. The recent under-performance is just reverting that basis spread.

What does ETH have to do with this thread?

Oh?  You are saying that ETH is bitcoin 2.0?      We should not be writing off the flippening, then, right?

Are you in this thread to warn us to move over to ETH?    You don't have enough snot-nosed 12 years olds in the ETH WO thread to share your lovely vision, if there is such a thing?

nobody said...any of that

Oh  defend the ETH troll... good job jojo....   

[JayJuanGee]

... and Theymos expects me to venture out of this thread ?!

I wonder where you are getting this idea that theymos expects merit sources to venture outside of their historical stomping grounds because I understood that theymos did not give too many guidelines for merit sources, and therefore there remains quite a decent amount of individual discretion for merit sources and other persons with smerits too.... 

(This PM is being sent to several people.)

Hello. You are now a merit source.

I will be periodically looking through the merit history of sources. If you send a lot of merit to good posts, then I will probably increase your source amount, while if you don't use your source much or use it irresponsibly, it may be reduced or removed. (But don't worry about it too much...)

I picked this batch of sources mainly by looking for ~Legendaries who were not wearing a paid signature. If you actually don't want to be a merit source, let me know.

Several of you post mainly in the Wall Observer thread. I'd encourage you to branch out a bit, such as into the Serious Discussion sections.

Note that there is a bug where whenever you spend your personal stash of sMerit, this also counts against your source for the next 30 days. So if you spent more sMerit in the last 30 days than the source merit I just assigned you, you will already see 0 source merit currently, though it will eventually recover. I will probably fix this at some point, but not soon.

Thanks!

O.k.... now in that context, what Bob had said makes more sense, and sure there seems to be a fairly decent amount of guidance in that message.. more than I had seen from theymos in other merit related messages/posts.

[JayJuanGee]

With ETH about to go to $30, why would anyone want to buy it?

The snot-nosed 12 year olds don't know that it is is going to $30, and they want to pump as much life out of it as they can... because they believe in the flippening.  Haven't you ever heard of "the flippening" Tera beara?    omg

[jojo69]

Oh  defend the ETH troll... good job jojo....    

sorry, I don't keep an encyclopedic tally of every member's historical positions

I just know that they been having a bit of a governance meltdown over there in Vitalic land and their currency has been tanking as a result.  Just wondering if they are getting a handle on it is all.

I thought the flippening was bcash.

[HairyMaclairy]

I think it has more to do with the SEC crackdown and ICOs like EOS doing a Kobayashi.   They dumped something like 40k ETH on exchange.

[bones261]

I think it has more to do with the SEC crackdown and ICOs like EOS doing a Kobayashi.   They dumped something like 40k ETH on exchange.

Larimer must have seen the handwriting on the wall after being a featured coin on Last Week Tonight with John Oliver.

[Rosewater Foundation]

Oh  defend the ETH troll... good job jojo....    

sorry, I don't keep an encyclopedic tally of every member's historical positions

I just know that they been having a bit of a governance meltdown over there in Vitalic land and their currency has been tanking as a result.  Just wondering if they are getting a handle on it is all.

I thought the flippening was bcash.

You'll find people expect more from legendary members.
When you don't give it to them, they get saucy.

[JayJuanGee]

Oh  defend the ETH troll... good job jojo....    

sorry, I don't keep an encyclopedic tally of every member's historical positions

I just know that they been having a bit of a governance meltdown over there in Vitalic land and their currency has been tanking as a result.  Just wondering if they are getting a handle on it is all.

I thought the flippening was bcash.

1) your prior post was suggesting that I was reading too much into the contents of the ETH shiller's post.

2) flippening has always been ETH, even if it had been used in other projects.  I had attempted to sort through by calling the flippening, the cashening, the rippling and the dashening... and there is also the flappening (which is the proposal that litecoin is going to overtake bcash's marketcap).