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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26401927 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.)
HairyMaclairy
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October 15, 2018, 11:46:20 AM

It hit 50 cents on Polo v USD Circle

HairyMaclairy
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October 15, 2018, 11:53:10 AM

This is Bitfinex price divided by Bitstamp price.  We aren't out of the woods yet.  Follow link to load new bars.



https://www.tradingview.com/chart/BTCUSD/hhFevfKp-Bitfinex-USDT-vs-Bitstamp-USD/
jonoiv
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October 15, 2018, 12:12:38 PM

It hit 50 cents on Polo v USD Circle




Is this the coin you are taking about?
https://coinmarketcap.com/currencies/usd-coin/

Assuming it is, then maybe Kucoin has their own vested intenrest in feeding the tether fud.   I just have a hunch that wllet mantance is the best they can do without risking some kind of legal challenge.  All of a sudden that stable coin USDC is worth 1.06 while tether is down to 0.96.

I haven't done enough resaerch to be sure, but how many times have we had the tether line spun?  lets be honest it always drops in a bull run.


https://ethereumworldnews.com/reports-of-binance-delisting-tether-usdt-turns-out-to-be-fake-news/
kirreev070
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October 15, 2018, 12:15:13 PM


HairyMaclairy
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October 15, 2018, 12:17:24 PM

maybe Kucoin has their own vested intenrest in feeding the tether fud.  

Precisely.  It's all whale games.

Give this man a new hat. 
El duderino_
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October 15, 2018, 12:22:22 PM
Merited by JayJuanGee (1)



THOSE SHORT EXPERTS  Roll Eyes  Grin   watch out hairy   Tongue
HairyMaclairy
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October 15, 2018, 12:23:50 PM
Merited by BobLawblaw (1)


THOSE SHORT EXPERTS  Roll Eyes  Grin   watch out hairy   Tongue

I'm no expert.  I just lack moral hygiene.
El duderino_
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October 15, 2018, 12:25:02 PM

Most people voted $6,500-$7,000 in the poll, and we're still below that... smh...

BELOW 6,5k     i migt have some powder in my eyes
El duderino_
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October 15, 2018, 12:29:44 PM


THOSE SHORT EXPERTS  Roll Eyes  Grin   watch out hairy   Tongue

I'm no expert.  I just lack moral hygiene.

no, for me your an expert

El duderino_
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October 15, 2018, 12:31:16 PM

maybe Kucoin has their own vested intenrest in feeding the tether fud.  

Precisely.  It's all whale games.

Give this man a new hat. 

wich one, i got a few hat's.

El duderino_
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October 15, 2018, 12:32:56 PM

https://twitter.com/Cryptanzee/status/1051746378295185409

nice one Grin




JUST DON'T F****** BART US
HairyMaclairy
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October 15, 2018, 12:53:39 PM

Where did you get the hats Mic?
El duderino_
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October 15, 2018, 12:59:44 PM

Where did you get the hats Mic?

Bought them in Mallorca and barca....

BUT ONLINE

https://store.goorin.com/mens-hats/featured/top-sellers

Goorin brothers hats .....
kirreev070
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October 15, 2018, 01:03:00 PM
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Torque
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October 15, 2018, 01:32:25 PM

So basically a whale or company that did not want to take the risk is pulling their money out of BFX the only way they can...through BTC.

Now that same risk adverse whale or company will want to convert back to their precious safe fiat currency on another exchange. Sure they lose money but have less risk. Which also drives the price down on that other exchange.



But... bbut... if what they are saying is true, "certain user groups" (whales?) are desperately trying to get more fiat in, presumably to buy more Bitcoin. Not trying to take more fiat out. They said fiat withdrawals are working fine.

Does someone know something?

Bullish.  Grin
Topbanker
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October 15, 2018, 02:00:31 PM



THOSE SHORT EXPERTS  Roll Eyes  Grin   watch out hairy   Tongue

He was not liquidated (if you are talking about Tone Vays). On bitmex (where he is doing this trade) highest was $6777. His liquidation happens at around $7650.
jonoiv
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October 15, 2018, 02:06:18 PM

maybe Kucoin has their own vested intenrest in feeding the tether fud.  

Precisely.  It's all whale games.

Give this man a new hat.  

wich one, i got a few hat's.



ill take the red hat for now thanks, that's the hat not the candle colour.
podyx
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October 15, 2018, 02:10:10 PM

Anybody mind explaining to me how tether works and how it's relevant to bitcoin price at all?
kirreev070
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October 15, 2018, 02:15:44 PM
Merited by jbreher (1)

It hit 50 cents on Polo v USD Circle



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October 15, 2018, 02:19:39 PM
Merited by bones261 (2), bitcoincidence (1), RejectedBanana (1)


Anybody mind explaining to me how tether works and how it's relevant to bitcoin price at all?

1. There is a blockchain that is unlike any other in that it has no protocol defining the coin supply automatically. It just gets added to manually on an arbitrary basis by a human being

2. The ability to do this is under the exclusive power of a private company registered in the Cayman Islands with a couple or more private shareholders

3. There is a notional idea that the amount of coin supply represents the amount of "real" $USD that is sent to the bank accounts of that company registerred in the Cayman Islands. But this is simply an unverifiable fairy tail as far as regular traders and observers are concerned

HOW IT AFFECTS BITCOIN

1. Many of the biggest exchanges in the world that quote "USD" prices for bitcoin are actually trading bitcoin against this "synthetic blockchain dollar" as opposed to real bank deposits

2. In particular, the largest exchange in the world (is it ?) - or one of them, Bitfinex

3. Bitfinex also happens to be owned/run by the same owners of the Cayman Islands company that produce the "fake" dollars, So this would effectively allow them to create any amount of liquidity for nothing on the USD side of the trade and buy of the bitcoin on their own or other exchanges, thereby creating hugely artificial market pumps/dumps. We do in fact see Bitfinex leading the price in a lot of pumps as we did today

4. There are some well researched articles showing that the Bitfinex/USD Tether operation has essentially been responsible for the ENTIRE price rise in bitcoin right from $180 to where we are today
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