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

[El duderino_]

via Imgflip Meme Generator

@nutildah, its this beer?
F*** it gonna try most of them there actualy good (starting to like a beer it seems....) i better don’t go the beer way when i’m back home...

And still people talking suprisingly good english @the philippines  (like best i had on vacation if not a english speaking country )

[1714240983]

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[HairyMaclairy]

It’s worse than that.  BlockFi is selling or rehypothecating your Bitcoin. Gemini doesn’t need to be hacked for you to lose everything. Only “reserves” are stored with Gemini.  Who the hell knows where your Bitcoin actually end up.

From their Terms of Service

10. Consent to Rehypothecate

In consideration for the interest earned on your account, you grant BlockFi the right, subject to applicable law, without further notice to you, to hold the cryptocurrency held in your account in BlockFi’s name or in another name, and to pledge, repledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such cryptocurrency, separately or together with other property, with all attendant rights of ownership, and for any period of time and without retaining in BlockFi’s possession and/or control a like amount of cryptocurrency, and to use or invest such cryptocurrency at its own risk. You acknowledge that, with respect to assets used by BlockFi pursuant to this paragraph, (i) you may not be able to exercise certain rights of ownership and (ii) BlockFi may receive compensation in connection with lending or otherwise using cryptocurrency in its business to which you will have no entitlement.

From their FAQ

What does BlockFi do with account assets?

BlockFi generates interest on assets held in Interest Accounts by lending them to trusted institutional and corporate borrowers. To ensure loan performance, BlockFi lends crypto on overcollateralized terms (similar to the structure of our crypto-backed loans). Furthermore, BlockFi’s automated risk management system monitors positions 24/7, providing the same trusted risk management system used with BlockFi’s crypto-backed loans.  BlockFi has the ability to terminate a borrow in a timely fashion and also manages reserve balances to facilitate customer withdrawals from Interest Accounts. Reserves are stored securely with Gemini, a New York trust company regulated by NYDFS.

[El duderino_]

Bitcoin, last week:

- QuadrigaCX cold storage found empty
- Coinbase fires ex-Hacking Team staff
- @Jack buying $10k in BTC a week
- LN hits 7k nodes
- Fidelity BTC custody live
- Over 15k LN tips via @tippin_me
- Lightning Torch sent to Iran
- LN payment sent via Ham Radio

https://twitter.com/alecziupsnys/status/1104389596874461186?s=21

This week in crypto:

1. Fidelity’s crypto business now live
2. @eToro launches in US
3. EY creates crypto tax tool
4. Circle acquires SeedInvest
5. BlockFi launches 6% annual interest rates for deposit accounts

Major players making major moves!

https://twitter.com/apompliano/status/1104377573725925377?s=21

Tx per day decreased due to Venezuelan Blackout? Do you think there's a connection?

https://twitter.com/redditbtc/status/1104695446369390592?s=21

[El duderino_]

This week in Indian Crypto

▫️1/2 time approaches, RBI has 2 weeks to submit draft to SC

▫️Bahrain invites Indian firms to use its crypto ecosystem

▫️WazirX to go Global

▫️FB to launch Blockchain WhatsApp Payments 1st in India

▫️Bangalore most crypto jobs

#indiawantscrypto

https://twitter.com/desicryptohodlr/status/1104381251035717635?s=21

[GrosWesh]

Hi there !  

I'm reading all your post every single day since weeks but i never write here, in part due to my imperfect english (i'm french).

Today, i'd like to ask you your thoughts on something i've been aware this morning.

Some people think following big wallet is pretty often annoncing huge dumps by its movements.

https://bitinfocharts.com/bitcoin/address/18rnfoQgGo1HqvVQaAN4QnxjYE7Sez9eca

I put here a pic where it was clearly explained.



A few days ago (28 of february) 60 000 Btc were moved.

So... is it time to go on usdt ? I'm seriously thinking on it for 3-4 coming days.

Just asking, please let me know what you think if you don't mind. Have a nice sunday all !!

Edit : i have to precise i'm not fudding or whatever else... i'm just ask myself if that kind of 'discovery' is something worth.

2nd Edit : someone added the purchases in addition to sales on the chart.

[GrosWesh]

sorry i'm gonna stop spamming and editing but i have to put what i just wrote in perspective with this : https://cryptocalendar.pro/event/7633.

Enough for me today 

[HairyMaclairy]

It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands. 

[Last of the V8s]

yup correlation != causation
and yet i might win my bet yet
nice one GrosWelsh - make some more good posts, you get a finely-embroidered hat

I can sense Comradissimo Homer's fingers itching

[Last of the V8s]

[Last of the V8s]

jesus litecoin is up 20% since i agreed to that part of our bet and looks bullish
maybe ether will bring it all down - looks terribru

[Last of the V8s]

It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands. 

/biz/ and bitinfocharts usually 'know' whose are the top ten wallets. here they don't happen to.

maybe it was cryptoqueeen cashing a tiny bit out for their hols.

[El duderino_]

It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands. 

Don’t know what V8 means with their hols....?

But HM is more accurate probably Some of those coins went to cryptoqueeen’s cold Wallet
And a slice to mine (Maybe not straight from there, but some BTC has been added)

We have been taking on Some cheap Corn ( not the cheapest we have had but cheap) damn do i like poker when i’m running good (my friend always says i run as God.... nothing he ever have seen before, and he really played the best of the best ) BTC was mean’t to be for me, just knew i’m a true true hardcore Hodler

and i Will remain to be

[El duderino_]

Its a cool one, but infofronts trump-Thanos is cooler

[El duderino_]

Bitmain already facing multiple lawsuits and more being filed. Their assembly, component, production, and repair companies are unpaid and losing patience. Seems Bitmain is deep in debt and trying to raise new capital from unwitting investors to keep goin…

https://twitter.com/redditbtc/status/1104717278246043648?s=21

[El duderino_]

Hey @APompliano this one made think of you home...

Just was leaving the local Safeway and bam boom bip look what they installed up live and running!

The 🇺🇸 corn adoption sure as hell is thriving when u see these puppies in Chesapeake Beach, Maryland!

$BTC CAN'T STOP WONT STOP!

KEEP them coming spread/adoption everywhere

https://twitter.com/ninjacryptocoin/status/1104447910366924800?s=21

[kenzawak]

i'm french

Nobody's perfect.  
Nice to see you posting here "Gros", I knew you were watching.
The guys are cool here, no need to stress. This thread is different from the rest of the forum... much more relaxed.

P.S : just look, things have already changed for you since your first post here.

[JayJuanGee]

Don’t know what V8 means with their hols....?

I believe that he is referring to your holidays... but not exactly sure, either.

[kenzawak]

Tippin.me is doing well apparently.
15k tips have been sent via LN in the past 3 months.

https://www.investinblockchain.com/over-15k-tips-sent-3-months-via-bitcoin-lightning-network/

"According to Kevin Rooke, Tippin has had 14k signups, 15k tips sent, 4,000 browser extension installed, and 559 channels connected to it."

https://twitter.com/kerooke/status/1102669700872384512

[JayJuanGee]

It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands. 

I am kind of with you Hairy, but March 1 is not that long ago, and all 60k coins put on one exchange, perhaps?  Would have to be a real liquid exchange to absorb that many coins with hardly a blip downwards in the BTC price.

We cannot completely rule out that those coins have not been traded yet, or only a fraction of them have been traded, so far.

It would be great if those coins had already got absorbed by the market, but what are the chances?  50% at best?

[Raja_MBZ]

31st December, 2018 vs. 10th March, 2019:




Guys, there've been a number of posts in WO thread that I wanted to merit in the last few weeks but unfortunately, most of the times:



So, please forgive me! Don't get the wrong idea that I'm a "sMerit hodler"!