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

[rebal15]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

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[Last of the V8s]

https://bitcoinmagazine.com/articles/op-ed-understanding-latest-fincen-guidance-cryptocurrencies/

You know, this is important stuff for all USA people scrabbling around doing bitcoin things

According to the guidance, it appears the following would need to register as an MSB:

Anyone exchanging or administering a token (called a convertible virtual currency, or CVC, in the guidance) who is not already regulated by the Commodity Futures Trading Commission (CFTC) or the U.S. Securities and Exchange Commission (SEC). This includes

    Peer-to-peer (LocalBitcoins/OTC)
    Custodial wallets (not your keys, not your coins)
    Crypto ATMs
    DAaps
    Mixers
    Crypto payment-processors
    DEX’s that don’t auto-execute and take custody in the middle of the trade
    ICO issuers who don’t register with the SEC
    Mining pool operators who host all the wallets on behalf of pool members

Peer-to-Peer: Services like LocalBitcoins or OTC trading, are still MSBs if the buyer or seller is advertising the services and/or making a profit from either crypto-to-crypto or fiat-to-crypto exchanges.

so, don't make a profit on OTC lol
and any of those other services must now KYC you


more commentary just in https://twitter.com/jchervinsky/status/1126999079035244544

[El duderino_]

Extraordinairy.
Soon five-digit and beyond!
Globb0 says, not rollback.


FOMO, please let them.
Greed, humanity’s best game.
Into to HODLsleep.

[rebal15]

Why we care about the price of BTC vs USD if we prefer BTC than fiat?

[El duderino_]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

[Last of the V8s]

TOP STORIES
Binance was hacked for allegedly 7000 BTC. There are several inconsistencies in their story, 1) the 2FAs of hundreds of customers being hacked is very unlikely, 2) the BTC was sent to Segwit addresses even though Binance doesn't use SW yet, 3) their math is a little off, "2% of their BTC" was lost in this hack, that means they have 350,000 BTC, so where is it? Their cold wallets only have 80,000. At this point, we're giving Binance and CZ the benefit of the doubt on this, because their best interests align with Bitcoin's best interests.

Tether received a friendly ruling from the NY Supreme Court with the Judge telling the NY AG and iFinex to sit down and figure this out. So far, iFinex is successfully fighting the bankers. Good job guys. It's also been rumored they've successfully raised the $1 billion for their IEO, so they will have a war chest the regulators can't touch. It can't be touched, because other similar funds have not recieved any scrutiny from the Feds.

Democrat Representative for California, Sherman, spoke about the reason for his bill banning "cryptocurrencies". Of course, this is aimed directly at Bitcoin and its institutional investors that are gearing up their investment. In no way is this bill aimed at shitcoins like Ripple or 0x or Tron. Pure and simple, can see that Bitcoin is scaring certain aspects of the profligate politician class. Imagine what the Fed and IMF are cooking up.

FINCEN released more guidance for what constitutes a (Money Service Business). This is a good write up, but to sum it up, all ICOs and tokens must register as MSBs with FINCEN. Lies about decentralization will not save them if they become successful. This type of guidance is likely to serve as ceiling to any of these centralized shitcoins and tokens.
 
PRICE
The price rise has been incredible, blowing through all FUD and all resistance on the charts. It thoroughly broke out of the rising channel and $6000, heading toward the ultimate resistance at between $63-6400. On the chart below, we've gotten rid of our target at $4200, because that is now unlikely. You can see the On Balance Volume is very bullish - it's much higher than the last time we were at these prices. Overall, we are still expecting a correction, but if it breaks $5000, it will probably won't spend much time below it.

CME volume is remaining strong, holding half of the record volume in early April.

sorry for long, but some of @AnselLindner 's takes here are pretty good even if they might annoy some

[jojo69]

Thinking of the Mayor...

yeah

[rebal15]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

Are you the boss of these sheep. I remember what I said about BTC ETF, what did you say.

[d_eddie]

In my opinion, the best way to deal with some nuisances is to ignore them (by forum options or targeted skipping), at least until they raise a point worthy of address. They might understand that relevance is what gets their posts read.

TL;DR No quoting, no replying unless granted by exceptional circumstances.

[Last of the V8s]

I wonder if CZ meant '2% of my own holdings of BTC350,000'.
 

[jojo69]

is the guy on ignore by the majority?

yes

[marcus_of_augustus]

... I'm inclined to think anybody in bitcoin for longer terms would want to be in a buy to strong buy accumulation phase now or in the near future ...

... and they would want to have that accumulation phase wrapped up by April-May '19 time frame (12 months prior to halvening) to maximise the bottom scraping accumulation.

difficulty estimates crossing above difficulty from below ... the bottom is in. Price has once again gone down and found the true floor to cost of production. Some expensive miners went out of business, some weak hands miners dumped their stashes, some probably hedged forward and are fulfilling contracts at much higher prices. Bottom line is all excess production has now come on the market and been absorbed. Bitcoin's next trick, if it repeats, is the rising prices revives latent demand ... into a tightening supply situation.

I'm not saying i told you so ... but ... the April-May date was called for end of accumulation and beginning of rise, bottom was called in mid Dec.

[El duderino_]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

Are you the boss of these sheep. I remember what I said about BTC ETF, what did you say.

HODL and don’t be a b*tch = what I have Said.

Goodnight HODLsleep now!  (Infofront is the big “trump/thanos” boss in here)

[rebal15]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

Are you the boss of these sheep. I remember what I said about BTC ETF, what did you say.

HODL and don’t be a b*tch = what I have Said.

Goodnight HODLsleep now!  (Infofront is the big “trump/thanos” boss in here)

No, that's not what you said.

[El duderino_]

... I'm inclined to think anybody in bitcoin for longer terms would want to be in a buy to strong buy accumulation phase now or in the near future ...

... and they would want to have that accumulation phase wrapped up by April-May '19 time frame (12 months prior to halvening) to maximise the bottom scraping accumulation.

difficulty estimates crossing above difficulty from below ... the bottom is in. Price has once again gone down and found the true floor to cost of production. Some expensive miners went out of business, some weak hands miners dumped their stashes, some probably hedged forward and are fulfilling contracts at much higher prices. Bottom line is all excess production has now come on the market and been absorbed. Bitcoin's next trick, if it repeats, is the rising prices revives latent demand ... into a tightening supply situation.

I'm not saying i told you so ... but ... the April-May date was called for end of accumulation and beginning of rise, bottom was called in mid Dec.

I truly hope most of us have taken there chance for extra BTC’s on the cheap.

[Last of the V8s]

https://twitter.com/HillebrandMax/status/1126868777386291200
"I came here to kick shitcoins and eat tacos, and I'm all out of tacos." ~ #Bitcoin 🌮

[rebal15]

is the guy on ignore by the majority?

yes
He talks about real facts that I do not want to hear because they turn my dreams into nightmares

No, I just want to understand.

[Last of the V8s]

^ go to the 'Beginners' section and ask your questions there https://bitcointalk.org/index.php?board=39.0
any more trolling in this thread and your posts will most likely be deleted.

[DaRude]

So reversing transactions is possible to help some people recover their bitcoins.

The apology came fast and the reorg case was just hypothetical.

Given how much I talk, I sometimes say the wrong stuff, dirty words like “reorg”, for which I apologize. It is my strong view that our constant and transparent communication is what sets us apart from the “old way of doing things”, even and especially in tough times.

He said it because he think it is possible.

A reorg would require 51% hash power. I dont think Binance have so much influence over the miners for this.

I think It is not 51% attack in this case. It is reversing transactions.

Huh you should try to work on that "thinking" part of yours, cause so far it's not going too well for you.

Edit:

Ahh just catching up roach's mini me, ignored

[Last of the V8s]

https://twitter.com/TheTIEIO/status/1126849741848027136 + thread, links

Crypto lacks trusted and transparent data. Our team has spent the last few months working to address this issue. We built a community tool for analyzing exchanges and learning step-by-step how the The TIE calculates market data, evaluates exchanges, and scores sentiment.