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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496855 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. (158 posts by 14 users with 9 merit deleted.)
Realerre
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October 15, 2018, 06:01:08 PM

NEW CNBC: Financial services giant Fidelity takes big step into cryptocurrencies, announcing the launch of Fidelity Digital Asset Services, which will handle cryptocurrency custody and trade execution for institutional investors.

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

Fidelity ==> 7.2 trillion  Cool

Old news are old  Undecided
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1638838131
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Reply with quote  #2

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Icygreen
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October 15, 2018, 06:05:25 PM

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)  Cheesy
Wekkel
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October 15, 2018, 06:06:10 PM

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.
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October 15, 2018, 06:08:23 PM

NEW CNBC: Financial services giant Fidelity takes big step into cryptocurrencies, announcing the launch of Fidelity Digital Asset Services, which will handle cryptocurrency custody and trade execution for institutional investors.

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

Fidelity ==> 7.2 trillion  Cool

Quote
“We saw that there were certain things institutions needed that only a firm like Fidelity could provide,” Jessop told CNBC, adding that it already works with 13,000 institutional clients. “We’ve got some technology that we’ve repurposed from other parts of Fidelity — we can leverage all of the resources of a big organization."

 Shocked  Cool
Torque
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October 15, 2018, 06:11:40 PM

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.
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October 15, 2018, 06:17:59 PM

(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/

Quote from: fidelity
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
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October 15, 2018, 06:20:52 PM

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.
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October 15, 2018, 06:22:02 PM

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
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October 15, 2018, 06:25:33 PM


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.
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October 15, 2018, 06:30:09 PM

or tether knew they were solvent. spread the fud themselves. bought your bitcoins for cheap. dumped on you at the top.
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October 15, 2018, 06:30:31 PM

https://support.bitfinex.com/hc/en-us/articles/360010505034-Fiat-on-Bitfinex
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October 15, 2018, 06:30:49 PM

https://ftalphaville.ft.com/2018/10/15/1539602745000/It-s-really-happening----Woz-joins-Baroness-Mone-s-blockchain-company-/
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October 15, 2018, 06:31:45 PM

https://www.pscp.tv/w/1yoJMVyeVOWxQ
fidelity drones droning on at a conference
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October 15, 2018, 06:33:03 PM

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.
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October 15, 2018, 06:34:03 PM

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
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October 15, 2018, 06:36:04 PM

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)  Cheesy

At the end does he have his "beriod"?

Is what he's experiencing now just some "BMS"?
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October 15, 2018, 06:36:15 PM

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 Roll Eyes

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

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October 15, 2018, 06:45:22 PM

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.



 
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October 15, 2018, 07:02:42 PM

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.
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October 15, 2018, 07:05:14 PM


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