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

[Hueristic]

Tether is the weakest link and a prime target, so it's not a matter of if Tether will go down but a matter of when...

Let me, for a second, go along with your presumption that bitcoin is vulnerable to losing value because tether is propping up its price too much by causing more liquidity than what would otherwise be present.
 That is a pretty BIG presumption.. but let's just accept such presumption as a given.

Then...

What if Tether goes down in 50 years?  Why the fuck should we care?

Let's make it a shorter period of time.  What if it goes down in 10 years?  That is still pretty far into the future too.

No, no, no... you are presuming Tethers impeding death... because regulators have been going after it for years and years... therefore, it must be impending to die sooner than 50 years, right?

It could go any minute, right?

That's what she said.

Tether goes down? surely people will be scrambling to get out of it? where could they move to?

Can you tether to usd ? I thought that was the point, the places didn't have USD?

There's a buyer for every seller, when Tether bank accounts get frozen it'll devalue really fast, and market will decide the Tether/BTC exchange rate. Those people who hold $6B in tether (and for the life of me i can't figure out why) are only in this for speculations, forcing them to run for the hills to BTC will only provide a short term BTC bump at best. Don't get me wrong, BTC will get through it, but people loosing $6B in "crypto" won't be a net positive for BTC.

They have had multiple bank accounts seized, one in poland and one in panama IIRC.

[Globb0]

Im getting weird emails from Circle, anyone else?

I had a few saying I am credited with funds. It looks to be genuinely from them.

Did they create it when they separated from Polo ?

Its a mystery maybe I entered something with them when they were setting it up. But I never funded or used it.


Is it just marketing crap?

Looks like I joined in 2014 so it would be a long con

Just these mysterious deposits ? only about 10£ worth in 2 transactions according to the mails.

[JimboToronto]

Atm ..... wine I tell you

I'm jealous.

After over a month of the lockdown and booze sales ban, the locals have gotten creative. I now have 5 kinds of cerveza and lots of liquor but they don't seem to understand good dry red wine.

Not only is there nothing to wash down a good steak, there's not even anything to make a decent stew. Sorry, beer may be OK for Celts but I like my stew Bourguignon.

To top things off, I'm running out of red vermouth to make my manhattans.

Whine, snivel.

[Globb0]

As I say seemed legit, logging in I got a 2fa message to the phone.

But it was straight into KYC gumpf.


Let me just stop you there!  *alt F4*

[JayJuanGee]

Stocks are down, BTC is up, think we finally got our decoupling  

They were never coupled, except for in the minds of wishful-thinkers or those who believe baloney mainstream propaganda.

Of course, short-term, choosing selectively or spreading bullshit, you can find any coupling conclusions that you would like to make-up.

Now this really is a nice bit of movement.

Throughout the years, bitcoin has had a tendency to do the opposite of what I expected. So when folk started a few months ago to get hyped up over the halvening, it was almost guaranteed that it would not correlate with a rise in price.

But then again, by this time I had realised that btc would do the opposite of what I expected, so it kind of isn't a surprise that it's now rising.

You totally expected BTC prices not to rise, so therefore, the rise is totally expected as the unexpected.  That is very helpful information.

But now I can't decide whether knowing now that bitcoin will do the opposite of what I expect, must mean that btc will do what I expect, in a double-negative kind of a way. Or have I now triple-negatived myself?  

Some how you have to attempt to get one step ahead of yourself.  It appears that you have real troubles in your future.

In fact, will this just keep on repeating ad infinitum so that I'll become infinitely-negatived?

Like a black hole.  Sucks to be you.

If you can't follow my thought process, then you have correctly followed my thought process.

In conclusion....CCMF! (but with infinitely repeating confidence and doubt).

Your wife must really appreciate sitting under the stars with you on a blanket and pondering the universe. 

[Lambie Slayer]

https://abc7.com/pets-animals/woman-mauled-to-death-by-french-bulldog-coroner-says/6179634/

Another Covbull-19 death. So sad. 

[JayJuanGee]

Tether is the weakest link and a prime target, so it's not a matter of if Tether will go down but a matter of when...

Let me, for a second, go along with your presumption that bitcoin is vulnerable to losing value because tether is propping up its price too much by causing more liquidity than what would otherwise be present.
 That is a pretty BIG presumption.. but let's just accept such presumption as a given.

Then...

What if Tether goes down in 50 years?  Why the fuck should we care?

Let's make it a shorter period of time.  What if it goes down in 10 years?  That is still pretty far into the future too.

No, no, no... you are presuming Tethers impeding death... because regulators have been going after it for years and years... therefore, it must be impending to die sooner than 50 years, right?

It could go any minute, right?

That's what she said.

Tether goes down? surely people will be scrambling to get out of it? where could they move to?

Can you tether to usd ? I thought that was the point, the places didn't have USD?

There's a buyer for every seller, when Tether bank accounts get frozen it'll devalue really fast, and market will decide the Tether/BTC exchange rate. Those people who hold $6B in tether (and for the life of me i can't figure out why) are only in this for speculations, forcing them to run for the hills to BTC will only provide a short term BTC bump at best. Don't get me wrong, BTC will get through it, but people loosing $6B in "crypto" won't be a net positive for BTC.

I recall that about  a year and a half ago, Tether et al had around $800 million stolen from them.  That did not affect tether too badly, but just showed that the whole system of tether was a bit more resilient than FUDsters doomsdayers (including roach) had been hopening.

[JayJuanGee]

Im getting weird emails from Circle, anyone else?

I had a few saying I am credited with funds. It looks to be genuinely from them.

Did they create it when they separated from Polo ?

Its a mystery maybe I entered something with them when they were setting it up. But I never funded or used it.


Is it just marketing crap?

Looks like I joined in 2014 so it would be a long con

Just these mysterious deposits ? only about 10£ worth in 2 transactions according to the mails.

I think this was mentioned by someone else on here a few weeks ago.  Something to do with a missing airdrop from long ago. Not sure though.

Its not merely marketing.. but maybe?   Anyhow, if you log into your Circle account, you should be able to verify that Circle had credited your account with the BTC value of whatever value of BCH and BSV that you would have had in Circle account (based on your then BTC balance) on August 1, 2017 at the time of the BCH fork.

[Globb0]

Im getting weird emails from Circle, anyone else?

I had a few saying I am credited with funds. It looks to be genuinely from them.

Did they create it when they separated from Polo ?

Its a mystery maybe I entered something with them when they were setting it up. But I never funded or used it.


Is it just marketing crap?

Looks like I joined in 2014 so it would be a long con

Just these mysterious deposits ? only about 10£ worth in 2 transactions according to the mails.

I think this was mentioned by someone else on here a few weeks ago.  Something to do with a missing airdrop from long ago. Not sure though.

Its not merely marketing.. but maybe?   Anyhow, if you log into your Circle account, you should be able to verify that Circle had credited your account with the BTC value of whatever value of BCH and BSV that you would have had in Circle account (based on your then BTC balance) on August 1, 2017 at the time of the BCH fork.

But that would be zero, unless they count the time Circle and poloniex were one

I think the airdrop thing sounds most believable. A signup incentive that was never actually credited back then. They must of tempted me in somehow

[JayJuanGee]

Im getting weird emails from Circle, anyone else?

I had a few saying I am credited with funds. It looks to be genuinely from them.

Did they create it when they separated from Polo ?

Its a mystery maybe I entered something with them when they were setting it up. But I never funded or used it.


Is it just marketing crap?

Looks like I joined in 2014 so it would be a long con

Just these mysterious deposits ? only about 10£ worth in 2 transactions according to the mails.

I think this was mentioned by someone else on here a few weeks ago.  Something to do with a missing airdrop from long ago. Not sure though.

Its not merely marketing.. but maybe?   Anyhow, if you log into your Circle account, you should be able to verify that Circle had credited your account with the BTC value of whatever value of BCH and BSV that you would have had in Circle account (based on your then BTC balance) on August 1, 2017 at the time of the BCH fork.

But that would be zero, unless they count the time Circle and poloniex were one

I think the airdrop thing sounds most believable. A signup incentive that was never actually credited back then. They must of tempted me in somehow

Well, it is possible that what happened with your account was different from the other cases that I had seen.

I had seen only three or four different examples (including my own) that caused me to extrapolate from the information and the balances that the two credits of BTC into each account was based upon the BTC balance of Circle account holders as of August 1, 2017.

There was one guy who I knew who was thinking similarly to you because he had sold all of his BTC in about mid-August 2017, so he had speculated that the whole thing was pure bullshit, but then he ended up getting an unexpected windfall from his then BTC holdings... hahahahaha.. one of those disgruntled nocoiners who sold too much too soon.. and has been disgruntled ever since, including trying to figure out any reason why he was correct to have had sold all his BTC in mid August 2017... hahahaaha

[strawbs]

But now I can't decide whether knowing now that bitcoin will do the opposite of what I expect, must mean that btc will do what I expect, in a double-negative kind of a way. Or have I now triple-negatived myself?  

Some how you have to attempt to get one step ahead of yourself.  It appears that you have real troubles in your future.

Ha, you're probably right. My post was light-hearted but thankfully, my 'HODL btc through everything' approach has at least proven to be a really good hedge against such over-stepping  

I have to admit JJG, non-judgementally of course, that I often haven't had time in the past to read a lot on here, and your posts, often being the longest of all, can get skim-read or skipped. Nothing personal. But lockdown has given me the luxury of time to read them in their entirety these days.  And they're generally enjoyable and worth the effort.

Unfortunately lockdown restrictions were eased today a little here, so real life might take over again. But it's been nice to be back here for a few weeks to see who's still around, who has grown in merit count, who is still posting drivel and BS. But the bulls have definitely won against the bears here in the WO, compared to years gone by.

I left here for a year or two, I think, when this place had become a cesspool of racism and even nazi sympathy on the part of some, but those sad days now seem to be behind us, thankfully.  It's interesting to step away and then return, as a kind of experiment in observing the evolution of the WO thread.  Once lockdown ends I'll have to disappear again for a while, such is the nature of my way-of-being.  But until then, it's a nice place to hang around and feel some solidarity, albeit with a few still on Ignore (and still worthy of being so, it would seem).

Ok, on with double-negative, triple-bluffed HODLing....

[jojo69]

the longer the "sell the news" dip fails to materialize...

[Hueristic]

Im getting weird emails from Circle, anyone else?

I had a few saying I am credited with funds. It looks to be genuinely from them.

Did they create it when they separated from Polo ?

Its a mystery maybe I entered something with them when they were setting it up. But I never funded or used it.


Is it just marketing crap?

Looks like I joined in 2014 so it would be a long con

Just these mysterious deposits ? only about 10£ worth in 2 transactions according to the mails.

Circle is Goldmann BallSacks, if you don't use them than do not respond as they collect and sell your data. They Bought and used Polo accounts to data mine and take coins and then spun it back off. They ripped off about 30% of my polo coins and I still don't have the rest.

[jojo69]

shrimpdoomfuck

[Toxic2040]

the evening wall report


Bitcoin posted strong gainz today breaking above the $9,000 level and rallying to a high of $9,418.46 on moderate volumes. Recovering around 61.8% of last weeks high of $10,074 bitcoin increased the de-coupling narrative against the S&P500 as it fell 1.75% today vs bitcoins 5% gain.


4h



long fibs in orange
medium fibs in green
short fibs in blue to give you something to look at
#dyor
D

#stronghands

[Room101]

Jesus, first time here in 3 years, and I recognize half you motherfuckers! Is jstolfi still desperately trying to convince everyone bitcoin is a scam and will be going to zero by this time next week....because tulips, beanie babies, and math/economics we are all too stupid to understand? Trying to remember the other bears? Kwakduck?

[Bitcoinaire]

Jesus, first time here in 3 years, and I recognize half you motherfuckers! Is jstolfi still desperately trying to convince everyone bitcoin is a scam and will be going to zero by this time next week....because tulips, beanie babies, and math/economics we are all too stupid to understand? Trying to remember the other bears? Kwakduck?

Edward50? He was a bitter bear and sold way too early, from what I remember.

[Toxic2040]

[bitebits]

^ There might be one great bear left where we are going:
https://en.m.wikipedia.org/wiki/Ursa_Major

[jojo69]

stolfi was a visionary, some kind of prophet really