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

[Torque]

Bitfinex and their USDT should be shaking in their boots with Fidelity, Bakkt etc coming on board.  The tiddlywinks days of shady exchanges and monopoly money are coming to and end.

Yes but... wouldn't be surprised if in 5-6 years people are cryin' about how Bakkt has become "shady as fuck" too.

Wall Street invented shady.

[1713560601]

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[1713560601]

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[Last of the V8s]

(further to Silbert nonsense: https://bitcointalk.org/index.php?topic=1928093.msg19172611#msg19172611)

https://twitter.com/coindesk/status/867105037721325568

Us govt financial drone Abby Johnson, CEO of @Fidelity, appeals to the developer community at #consensus2017 to help push blockchain past hurdles.

https://fidelitylabs.com/blockchain/

We are interested in building products that use these new systems, comply with regulation, and protect our customers

We are interested in collaborating to ensure that these systems grow with robust governance where needed

Well, this is not how bitcoin rolls. Her interests are irrelevant, and her hurdles insurmountable.

All these banksters need to shut up and suck the bitcoin cock.

[S_Therapist]

On April 28 2017, USDT was $0.92 and after a couple of days, BTC got huge hype.

Today USDT is $0.96 and BTC is also getting strong. Will we see the same?

Someone please quote for image.

[goldkingcoiner]

There have been other groups showing interest in offering cryptcurrency to their customers. For now, it has not resulted in that MEGA pump (if this Tether thing is not to be counted). For now, it looks like that pump has no immediate follow up.

I just honestly hope we can grapple for some kind of support or we are scaling down the green candle back to where we were for another week of sideways action

[toknormal]

The evidence provided to show that Tether is a fraud doesn't stand up to scrutiny.

LoL. It doesn't have to.

The only thing that has to "stand up to scrutiny" is the integrity of Tether's collateralisation.

Feel free to point me in the right direction.

[Last of the V8s]

or tether knew they were solvent. spread the fud themselves. bought your bitcoins for cheap. dumped on you at the top.

[Last of the V8s]

https://support.bitfinex.com/hc/en-us/articles/360010505034-Fiat-on-Bitfinex

[Last of the V8s]

https://ftalphaville.ft.com/2018/10/15/1539602745000/It-s-really-happening----Woz-joins-Baroness-Mone-s-blockchain-company-/

[Last of the V8s]

https://www.pscp.tv/w/1yoJMVyeVOWxQ
fidelity drones droning on at a conference

[Last of the V8s]

On April 28 2017, USDT was $0.92 and after a couple of days, BTC got huge hype.

Today USDT is $0.96 and BTC is also getting strong. Will we see the same?

Someone please quote for image.

[crypmike]

Fidelity, the $2.5 trillion Wall Street giant, is launching a brand new institutional brokerage and custody business for crypto

https://theblockcrypto.com/2018/10/15/fidelity-the-2-5-trillion-wall-street-giant-is-launching-a-brand-new-institutional-brokerage-and-custody-business-for-crypto/

...

Okay, this is very bullish.

I can even imagine if the morning pump was a result of insiders information about Fidelity, not this bullshit about USDT delisting from Binance

[cAPSLOCK]

Above 7k and I will have powder in my nose.

Above $7k USD and I might consider having sex again...

Depression is really setting in.

* BobLawblaw cracks open beer number four

You gotta set your sights a little longer. (Beer counting should done in a 28 day cycle) 

At the end does he have his "beriod"?

Is what he's experiencing now just some "BMS"?

[El duderino_]

Above 7k and I will have powder in my nose.

Above $7k USD and I might consider having sex again...

Depression is really setting in.

* BobLawblaw cracks open beer number four

lol

Happy its week and 5 straight days of detox, cause last week was way too strong.....
my body was Total rekt on sunday, recovery is slower, so NO alcohols on the weekly anymore (only on occasions)

When i think a BULL is on the lose, and after 2-3 silly days of midget pumping...... to Then see 1 fat red bar to the Bartpattern starting formation ...... YEAH THOSE DAYS A wodka/gin/white russsia all looks delicious

[jonoiv]

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

Having said that they do claim to have proven the funds and even if tether is worth 0, it still only accounts for only 2.1% of the total market cap of bitcoin, so appart from the FUD value, it's relitivly meaningless.

I don't understand why people continue to make this argument as if it's significant.

2% of bitcoin's marketcap is HUGE and easily enough to control the entire market, since only a tiny proportion bitcoin's supply is ever to be found on orderbooks. The significant ratio is not Tether Marketcap/Bitcoin marketcap but Tether Marketcap/Bitcoin Orderbook size.

Anyway, it doesn't matter. Just the fact that there's an arbitrarily controlled counterfeit money supply that requires no backing, is supported by the biggest exchanges, and is created at will by a private entity in the Cayman Islands is easily enough to scam the entire industry and implode the market if and when it goes tits up.

Here in fact is the "MT Gox" effect right in front of our faces:

Your fear is well founded.

But Bitcoin is stronger and more important than Tether.  Tether going tits up as you say would have a significant negative impact.  But I think it would be less than the impact of Gox in the past.

Bitfinex and their USDT should be shaking in their boots with Fidelity, Bakkt etc coming on board.  The tiddlywinks days of shady exchanges and monopoly money are coming to and end.

With fireworks?  Maybe.  But it might not matter in the end.  The things that are coming will dwarf all this in the end.

They don't control 2%, the tether users hold the 2%.

like on 22nd April 2017 when tether hit 92 cents, as the volume for bitcoin buys increased and the price went from 1.3k to 20k.

What makes you think that the liquidity problems aren't happening on other non-tether exchanges?  

Not saying it's a good situation, but i am saying people like to feed the fear, especially on this thread.



 

[HairyMaclairy]

like on 22nd April 2017 when tether hit 92 cents, as the volume for bitcoin buys increased and the price went from 1.3k to 20k

This.   

A run on Bitfinex could, in theory, push the Bitcoin price on Bitfinex over $40k and break $20k on all other exchanges if Bitfinex didn’t halt trading.  I think they would stop trading long before that happened but this shit can get out of control real quick if you aren’t careful.

[Wekkel]

https://ftalphaville.ft.com/2018/10/15/1539602745000/It-s-really-happening----Woz-joins-Baroness-Mone-s-blockchain-company-/

This article requires registration. Any summary available?

[Last of the V8s]

https://ftalphaville.ft.com/2018/10/15/1539602745000/It-s-really-happening----Woz-joins-Baroness-Mone-s-blockchain-company-/

This article requires registration. Any summary available?

https://archive.is/EkMCD + https://www.youtube.com/watch?v=gjI_ut6TP4g

[toknormal]

https://ftalphaville.ft.com/2018/10/15/1539602745000/It-s-really-happening----Woz-joins-Baroness-Mone-s-blockchain-company-/

This article requires registration. Any summary available?

Google: "michelle mone steve wozniak", then hit the pictorial summary that appears. Seems you can get in that way without a registration.

[Last of the V8s]

https://bitcoinist.com/new-yale-study-every-portfolio-must-include-at-least-6-bitcoin/
http://www.nber.org/papers/w24877.pdf
someone crib this pls^?

[RejectedBanana]

Fidelity, the $2.5 trillion Wall Street giant, is launching a brand new institutional brokerage and custody business for crypto

https://theblockcrypto.com/2018/10/15/fidelity-the-2-5-trillion-wall-street-giant-is-launching-a-brand-new-institutional-brokerage-and-custody-business-for-crypto/

Fidelity Launches Institutional Platform For Bitcoin And Ethereum

https://www.forbes.com/sites/michaeldelcastillo/2018/10/15/fidelity-launches-institutional-platform-for-bitcoin-and-ethereum/#5319f43f93c4

Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies

https://www.cnbc.com/2018/10/15/fidelity-launches-trade-execution-and-custody-for-cryptocurrencies.html

Fidelity Investments, which administers more than $7.2 trillion in client assets, announced a new and separate company called Fidelity Digital Asset Services Monday.

Okay, this is very bullish.

Who needs a stinking ETF once the big boys come to town?

Can you imagine if this announcement had come a year ago? The bull run might never have stopped.

Fidelity has been visionary in the crypto space since early on; it's been more than a year since linked Coinbase balances starting showing up in Fidelity accounts.

As it is, news like this is hardly a fart in the wind these days.

It's amazing how institutionally mainstream Bitcoin is becoming right below our noses, and yet the masses still sleep, butt-hurt as ever for perhaps buying the peak and selling too soon (probably to the very institutions they distrusted in the first place).

Fidelity is a privately held company. They don't answer to no stinkin' shareholders or quarterly reports. They are out to conquer Millennial investors, and embracing crypto may launch them well past their competitors into the future.

This is who you have to thank, boys: Abby Johnson, chair and CEO of Fidelity. Bitcoin may largely be a man's world, but we owe a lot of respect to the Abby Johnsons, Elizabeth Starks, and Hester Peirces of the world. They actually get shit done when and where it matters. Fuck you, Jamie Dimon.



One-on-one with Abby Johnson, Fidelity's ultra-private president
http://fortune.com/2014/06/02/one-on-one-with-fidelitys-ultra-private-president/

Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies (1 year ago)
https://techcrunch.com/2017/09/28/fidelity-ceo-abigail-johnson-says-the-company-is-mining-cryptocurrencies/

Fidelity CEO Talks 'Love' For Bitcoin, Why Blockchain Will 'Change' Markets (1.5 years ago)
https://www.coindesk.com/fidelity-ceo-talks-love-bitcoin-blockchain-will-change-markets/