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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 10 (6.8%)
H2 2019 - 15 (10.3%)
H1 2020 - 27 (18.5%)
H2 2020 - 26 (17.8%)
H1 2021 - 12 (8.2%)
H2 2021 - 28 (19.2%)
H1 2022 - 6 (4.1%)
H2 2022 - 4 (2.7%)
H1 2023 - 0 (0%)
H2 2023 - 3 (2.1%)
2024 or Later - 15 (10.3%)
Total Voters: 146

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21287992 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. (102 posts by 19 users deleted.)
Raja_MBZ
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Vegeta! What does the scouter say about BTC value?


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April 26, 2019, 06:08:39 PM
Merited by mindrust (2)

Crossing $5500 once again, this could be a bad fakeout. IMO, if the daily candle closes in red, there's a big chance that we follow this path:



However, if BTC manages to close today's daily candle in green, it'll be interesting and (arguably) wild from bulls.

"Told you so"...

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April 26, 2019, 06:18:51 PM
Merited by vapourminer (1)

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

Hmm... I don't think their liquidity will be doing well - looking at the price increase, people are dumping Tether to buy BTC and presumably trying to get out.

Also - not all clients will be paying 0.2% - so income may be lower and expenses are not zero, either.  Filling a hole of many hundreds of millions cannot be done without years of all that income going into replace 'lost' capital.

As GentlemanD said, the irony is Tether WAS backed up until they lost this large chunk of funds.  However, getting any new banking partner now will be nigh-on impossible.

Finex are in deep shit and probably in a total spin.  Maybe a death spiral.  Since they are (basically) profitable, I would think their best bet might be to try to find someone to buy 'em who does have banking sorted out and can float capital in to save the day. But who they gonna call..?  

Only a couple of candidates exist - and they might think the brand is too toxic.  Even at a sale price of $1, which is the likely price for Finex with a hole in the hundreds of millions of USD and a legal case on their back.

A bank could do it, but even if it makes financial sense, I can't see them risking running a crypto exchange.  Coinbase? Anyone else...?  With fast action needed and no time to do proper due diligence?  Doubt it.

First, Finex need to keep their customers to survive for long enough to find a solution.  

The chances of doing this with the run for the door already well underway is slim and all the Tethers coming back for redemption won't help.  But it's their only hope.

The Irony is that it was TPTB blocking them from reputable institutions to hold their reserves is what forced them to deal with a scam bank that ripped them off.

Almost like it was a plan. Smiley

ADDED:
Shit can't catch up today, gotta check out and I'm hitting the hottub rather than read this thread! Tongue

The irony of that Finex makes even more money on higher volumes. If maker and taker both trade under $500k/m Finex's fees are 0,3% in fact both sides must trade over $10MM/m for Finex's fees to drop to 0,18% so i think 0,2% is a pretty conservative estimate and the average is probably closer to 0,25% (both sides volume is under $2,5MM/m).

As long as they have the rest of the money they can cash out Tethers at a discount reducing their liability. I'm also having a hard time believing that a bank lost all of $850MM, you don't fuck with USD without the whole board going to jail.

Everyone knew that tether was a ticking time bomb and just a vehicle for gamblers to pump shitcoins by reducing friction of transfering in USD. That's why you see shitcoins dumping more than BTC. Finex should've invested in opening their own legit crypto friendly bank instead of killing the golden goose with tether. Oh well, still over $5k BTC holders are not affected, both tether holders and shitcoins holders will run for safety of BTC, just more negative publicity.
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April 26, 2019, 06:25:15 PM

Crossing $5500 once again, this could be a bad fakeout. IMO, if the daily candle closes in red, there's a big chance that we follow this path:



However, if BTC manages to close today's daily candle in green, it'll be interesting and (arguably) wild from bulls.

"Told you so"...


So now it rises? I'm down with that.
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April 26, 2019, 06:34:41 PM

Crossing $5500 once again, this could be a bad fakeout. IMO, if the daily candle closes in red, there's a big chance that we follow this path:



However, if BTC manages to close today's daily candle in green, it'll be interesting and (arguably) wild from bulls.

"Told you so"...


So now it rises? I'm down with that.

We're probably going to see another two days of red-hot pain before the green-grassy bounce back.
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April 26, 2019, 06:47:52 PM

Crossing $5500 once again, this could be a bad fakeout. IMO, if the daily candle closes in red, there's a big chance that we follow this path:



However, if BTC manages to close today's daily candle in green, it'll be interesting and (arguably) wild from bulls.

"Told you so"...


So now it rises? I'm down with that.

We're probably going to see another two days of red-hot pain before the green-grassy bounce back.
Nah it's the weekend, let's reschedule that pain for Monday.
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April 26, 2019, 06:55:01 PM
Merited by MrFreeRoMan (1)


It wasnt technically a tweezer on 'stamp but the results are undeniable.



Support broken and entirely too bartish for my liking. Searching for support along the 0.236 fib  #dyor

#stronghands'19

The variance continues with bitfinex.
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BTFD, on to 15K a coin !!!!


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April 26, 2019, 07:03:34 PM

LFC on high speed Cheesy
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April 26, 2019, 07:10:31 PM

Good evening brothers.

Quote
Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege
https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege
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April 26, 2019, 07:11:04 PM

LFC on high speed Cheesy
Yap!
On fire!
1 - 0 in the first minute!
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April 26, 2019, 07:15:24 PM


Not only just strong hand, it is the perfect time to bag bitcoin.


Yep.

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April 26, 2019, 07:33:56 PM

NOTE: Be suspicious if there is massive selling of cryptos over this, this should have a neutral market reaction, if there’s large amount of selling it could be a sign that Tethers were being backed by cryptos and they are liquidating crypto-currency to come up with the USD. Tether redeeming all of the Tethers for real money in fact should be excellent news.

As a Bitcoin exchange you should be looking out for your customers. This is one way to do that.

There’s your solution to getting Tethered.

Binance
Bittrex
Poloniex
OKEx
Huobi
Kraken
And any other Tether exchange…

It’s up to you.

-Bitfinex’ed


https://medium.com/@bitfinexed/tether-exchanges-how-to-avoid-getting-tethered-d02c6ae2c52c
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April 26, 2019, 07:40:15 PM

Wait what? Poloniex ?


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April 26, 2019, 07:41:57 PM

It's an old article, from before polo's stablecoin.
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April 26, 2019, 07:58:34 PM

We are at 5k. This is good if you zoom out to 1 month. Still boring, because 25% in one month is sooooo slow... but we're crawling in the right direction, volatility is a good and funny thing Smiley

But also, I am panicking. The real thing is that nobody here or elsewhere have a clue about what should be the price. We can at most argue If it's going "up" or "down", almost the same feelings at 3k or 5k or 20k price... apart from the fact that now I'm poor.
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April 26, 2019, 07:58:50 PM


Kraken not the most liquid of markets
1.6k btc sold with 20% slippage

...market not affected
...stink bids?

Someone knew about the news from bitfinex before it comes out.
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April 26, 2019, 08:22:26 PM



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Be a bank.


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April 26, 2019, 08:23:20 PM

things keep on keeping on

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April 26, 2019, 08:24:38 PM

I for one welcome our New Dark Age overlords.

I welcome $10k gold, $500 silver, and $3-10 an oz copper.
Are you planning on becoming the "uncontacted native tribe" of the future?
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April 26, 2019, 08:26:31 PM

things keep on keeping on


They will do everything to survive
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April 26, 2019, 08:30:15 PM
Last edit: April 26, 2019, 08:41:03 PM by gembitz

timberrrr  Kiss  weeee\\\

gogogo   Grin  ====>5ivek closeee
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