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

[VB1001]

Good morning WO, it seems that tonight there has been a battle ... and I have been sleeping.

All this shit in the trash. 

When BTC starts to rise, all the FUD goes out again.

[realr0ach]

OMG. Is the the last nail in the bitfinex coffin? I hope so. The last we see of that exchange, the better. They can take their junk tethers and shove them where the sun doesn't shine.

...until you find out the entire rise from $200 to $20,000 was from Bitfinex accounting fraud.

[serveria.com]

I see a new wave of FUD is raging. Could somebody please post that fear indicator gauge?   #HODL #BUYTHEDIP

P.S. Yet anything they managed to achieve with that FUD so far was meager 3% dip.... bullish

[rebal15]

I see a new wave of FUD is raging. Could somebody please post that fear indicator gauge?   #HODL #BUYTHEDIP

P.S. Yet anything they managed to achieve with that FUD so far was meager 3% dip.... bullish

Are you serious???
you must be realistic, bad news from bitfinex kick the market.

[pera]

$200+ spread between real exchanges and Bitfinex ahaha.  Nothing to see here!  No scams going on at Bitfinex at all!

Yeah well, I guess people is selling Tether and buying Bitcoin (and also LTC it seems) to get the hell out of that exchange ASAP... 

[serveria.com]

Funny how roach shows up every time there's a dip. Must have been following the BTC rate... but why?

[serveria.com]

I see a new wave of FUD is raging. Could somebody please post that fear indicator gauge?   #HODL #BUYTHEDIP

P.S. Yet anything they managed to achieve with that FUD so far was meager 3% dip.... bullish

Are you serious???
you must be realistic, bad news from bitfinex kick the market.

Kicking BTC is a bad idea. It may turn out you have woke it up from sleep    and it will rise tall and shine...

[serveria.com]

Yeah well, I guess people is selling Tether and buying Bitcoin (and also LTC it seems) to get the hell out of that exchange ASAP... 

We don't quote roach here...   

[kenzawak]

They both suck. Leave it for a bit now, like a week. Admin knows full well you want it. We can bump it.
imho.
anyone else?

True. Theymos doesn't look like he cares but he's aware of everything and sure knows about your application. Others' have taken much longer to be approved.
We'll keep bumping it though.

[VB1001]

^Yow "RED trust queen" get yourself a HAT  

XhomerX can make something with cats and red I guess

I could, yes. Where is my 4k HAT?

A hat with this Cypherpunk cat, will be perfect.

[Toxic2040]

It all feels somewhat artificial if you ask me and I really dont know what the net effect might be but when you get right down to it having someones funds or coins 'tied up' just makes the rest of our coins more valuable right?

Deflationary Darwinism.

I guess it could go either way but I think we might head back towards the 200 MA.
1h


with the cloud doubled on the 2 hour chart things look a bit different. still, support has turned to resistance  #dyor
2h


all I can see is a huuge frying pan with long handle forming..ask someone else.
D

#stronghands'19

[Lambie Slayer]

Shit happens, but some folks are just begging for it. I'm sure a normal dose of, say, L, couldn't do that to a normal guy.

Depends. Most drugs affect the application layer of what makes you.... you. They make small changes that go away when rebooted. Pot and alcohol fall in this category.

A few affect the operating system that the thing called "you" runs on. They make more substantive changes in how you act and change a number of things that make you you. Good opiates fall in this category.

LSD and such twiddle around with your firmware or in some cases your microcode. They can change who you *are*, and can rewrite the thing your mental operating system runs on. Use with care.

I think everyone should try smoking DMT at least once. Its a natural chemical your brain already makes and very safe. The experience is over in minutes but it does feel like hours while you are in this other dimension. Once you smoke it there is no need to ever try any other drug, mountain climbing, sky diving, etc, because you will have already achieved the pinnacle of all strange and amazing experiences.  

https://www.youtube.com/watch?v=XlBzIecpxfE

https://www.youtube.com/watch?v=D727ossAE1s

Disclaimer:

Slayer does not condone the possession, manufacture, or use of illegal drugs in violation of the local laws of your jurisdiction. This comment was for informational purposes only.

[Abrasax]

Shit happens, but some folks are just begging for it. I'm sure a normal dose of, say, L, couldn't do that to a normal guy.

Depends. Most drugs affect the application layer of what makes you.... you. They make small changes that go away when rebooted. Pot and alcohol fall in this category.

A few affect the operating system that the thing called "you" runs on. They make more substantive changes in how you act and change a number of things that make you you. Good opiates fall in this category.

LSD and such twiddle around with your firmware or in some cases your microcode. They can change who you *are*, and can rewrite the thing your mental operating system runs on. Use with care.

I think everyone should try smoking DMT at least once. Its a natural chemical your brain already makes and very safe. The experience is over in minutes but it does feel like hours while you are in this other dimension. Once you smoke it there is no need to ever try any other drug, mountain climbing, sky diving, etc, because you will have already achieved the pinnacle of all strange and amazing experiences.  

https://www.youtube.com/watch?v=XlBzIecpxfE

https://www.youtube.com/watch?v=D727ossAE1s

Disclaimer:

Slayer does not condone the possession, manufacture, or use of illegal drugs in violation of the local laws of your jurisdiction. This comment was for informational purposes only.

Salvia Divinorium is also a very worthwhile substance to try. At least once in a life time. Goes way beyond any kind of imagination and feels real as hell

[realr0ach]

Funny how roach shows up every time there's a dip.

Probably just a coincidence.

[makrospex]

Of course, blackle may be saving your data, for later use of their own design. Who ya gonna call?

GHOSTBUSTERS!!!!

*scnr*

[kurious]

It's well worth reading the doc. It sounds like a truly bizarre situation.

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod

'Documents provided to OAG demonstrate that by mid-20 18. Bifinex was having extreme difficulty honoring its clients' requests to withdraw their money from the trading platform because Crypto Capital which held all or almost all of Bitfinex·s funds refused to process customer withdrawal requests and refused or was unable to return any funds to Bitfinex.'

It looks like they entrusted everything and were totally beholden to some Panamanian nobodies and were reduced to pleading for their own money from them. How the did BFX allow themselves to get into a situation like that?

Yep - they popped a cool billion dollars (some theirs but mostly client's money) with a dodgy offshore 'payment processor' to do payouts to customers within the banking system - as Finex had no practical access to it.  Around 800 million has now either been lost or simply stolen.

The pleading emails from 'Merlin' at Finex asking, nay pleading nicely to his mate 'Oz' at purported payment processer 'Crypto Capital' to at least pop a $100 million over as things were getting desperate are instructive.

Seems CC was spinning the line that money had been seized by Polish / Portuguese 'authorities'....

The upshot is that Finex then raided Tether funds to fill the hole and the action from US-based authorities is based upon things linking into accounts and customers in New York.

Finex appears to be insolvent. As is Tether.

EDIT: posted before I caught up, probably a little late.   
One further thought - this actually may not crash Bitcoin at all - remember the Silk Road bust dip..?  Surely getting out of Tether into BTC makes more sense than selling BTC?

[rebal15]

Shit happens, but some folks are just begging for it. I'm sure a normal dose of, say, L, couldn't do that to a normal guy.

Depends. Most drugs affect the application layer of what makes you.... you. They make small changes that go away when rebooted. Pot and alcohol fall in this category.

A few affect the operating system that the thing called "you" runs on. They make more substantive changes in how you act and change a number of things that make you you. Good opiates fall in this category.

LSD and such twiddle around with your firmware or in some cases your microcode. They can change who you *are*, and can rewrite the thing your mental operating system runs on. Use with care.

I think everyone should try smoking DMT at least once. Its a natural chemical your brain already makes and very safe. The experience is over in minutes but it does feel like hours while you are in this other dimension. Once you smoke it there is no need to ever try any other drug, mountain climbing, sky diving, etc, because you will have already achieved the pinnacle of all strange and amazing experiences.  

https://www.youtube.com/watch?v=XlBzIecpxfE

https://www.youtube.com/watch?v=D727ossAE1s

Disclaimer:

Slayer does not condone the possession, manufacture, or use of illegal drugs in violation of the local laws of your jurisdiction. This comment was for informational purposes only.

Uhu okkk, I thought you were asleep 22h/7day. I have tried to help you, now I can't cuz I just drink beer and J&B.

[LFC_Bitcoin]

Dump overnight!

[rebal15]

Dump overnight!

Someone smoked a lot of DMT and was messing with Bitfinex's business.

[DaRude]

Finex showing $6.746MM in 30 day volume, assuming 0,2% fee that $13,5MM they make in fees each month. And that doesn't include money they make on lending or interest on their stash. Tether market cap is $2.847MM NY OAG claims they lost $850MM (of their own and clients money) so 30% of all Tether max, i'm sure they'll survive *unless more shit comes up