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Question: Price prediction for the May 21 weekly close:
<$20,000 - 6 (7.5%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.5%)
$24,000 - $26,000 - 3 (3.8%)
$26,000 - $28,000 - 7 (8.8%)
$28,000 - $30,000 - 11 (13.8%)
$30,000 - $32,000 - 17 (21.3%)
$32,000 - $34,000 - 8 (10%)
$34,000 - $36,000 - 6 (7.5%)
$36,000 - $38,000 - 3 (3.8%)
$38,000 - $40,000 - 2 (2.5%)
>$40,000 - 15 (18.8%)
Total Voters: 80

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25619696 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. (160 posts by 2 users with 9 merit deleted.)
Biodom
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October 01, 2020, 04:58:26 PM

https://twitter.com/stephendpalley/status/1311694266389929986

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BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

you are kidding, right....he is one 'smart-ass' guy wearing jobs-style turtleneck (has kind of super huge mouth/smile).
look for pics with sunglasses (Alps?)
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nullius
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October 01, 2020, 05:07:36 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need
BitMEX CTO got arrested.
(etc...)

Smooth move.

I have noticed that many sites nowadays ban Americans together with the slaves “citizens” of other notoriously “free” countries, such as the Democratic People’s Republic of Korea.

I always get a laugh when I see the United States on one of those “rogue state people, go away” TOS lists.  Too bad—it must pretty much suck for any sane individual Americans and/or North Koreans.
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October 01, 2020, 05:13:32 PM
Merited by 600watt (2), JayJuanGee (1), maldini (1)

BitMEX CTO got arrested.

Mex users on the brink of panic (i am) - if they arrest one more mex gonna likely lose access to their multisig wallet lol...

Traders unwinding their position to leave bitmex could make crazy swings in the spot market.

Well, you are not the only one.
Apparently they hold 193K BTC in their wallets!


Quote
Bitmex has ~$2b worth of Bitcoin in their vaults (around 193k BTC) Flushed face



https://twitter.com/nic__carter/status/1311706827982360576?s=20


Apparently it's a 3 of 4 setup, so yes, one more arrest and those coins are gone (not really, but you got that one)



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October 01, 2020, 05:14:27 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

you are kidding, right....he is one 'smart-ass' guy wearing jobs-style turtleneck (has kind of super huge mouth/smile).
look for pics with sunglasses (Alps?)

The joke was real indeed  Tongue
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October 01, 2020, 05:21:41 PM
Merited by Karartma1 (1)

snip
First of all, congrats. This is probably the most important post I have seen on the matter since a while. And you reminded me of this epic Andreas talk in Milan 2016 where those guys you mentioned (consultants from Deloitte, KPMG PwC etc.) were completely gobsmacked by that speech, that of course they couldn't understand!
https://www.youtube.com/watch?v=mRQs9Y6CUSU&feature=emb_logo

Yes.  Very nice reminder Karartma1... I may have seen that previously, but I am not sure, so it was good to watch it again.  I started to listen at a faster speed, but the content was so good that I had to slow it down to 1x (maybe it was just my brain is getting MOAR slower). 

In any event, a great youtube link to another moving presentation from Andreas that puts a lot of bitcoin paradigm shifting consideration matters into an interesting and relatively concise perspective in a bit over 30 minutes.
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October 01, 2020, 05:23:09 PM

The more coins locked-out for a long time, the better. Right ? Grin
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October 01, 2020, 05:29:15 PM
Merited by JayJuanGee (1)


https://twitter.com/WhalePanda/status/1311718980206329856

9am Eastern = 1pm UTC = 2pm London

https://countingdownto.com/?c=3245384 lol
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October 01, 2020, 05:30:06 PM


#hodlerisunaffected


#dyor
1h



4h

#stronghands
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October 01, 2020, 05:32:33 PM
Merited by JayJuanGee (1)

Not your keys Not your coins.
Personally I dont know why people are selling?
Just take your BTC off the exchange.

Good point.

I suppose that now, we get to see how many traders on Bitmex and other exchanges are just in it to stack more dollars, and don’t give a hoot about Bitcoin.  Those will probably be the ones who panic-sell on the news—regardless of whether or not their own coins are even at risk.

Or do most people using Bitmex dont have personal wallets?
What gives?

Personal Wallet?  Keys?  What’s that?

Apparently they hold 193K BTC in their wallets!
[...]
Apparently it's a 3 of 4 setup, so yes, one more arrest and those coins are gone (not really, but you got that one)

Wow.  It seems somebody forgot the engineering balance between security and availability.  Whereas availability is a security issue.  Locking 193k BTC of Other People’s Money into a wallet that can be lost with the loss of 2 individuals—that sounds like a vulnerability to DOS a fortune!

Do any two keyholders ever travel together?  Perhaps on an airplane?  Are any two keyholders ever in the same room?

Security and availability is another one of those issues that I intended to write about, on the subject of using seed phrases with ostensibly strong passphrases.  Re AlcoHoDL, et al.  Have not yet gotten to it.  In a nutshell:  If you care about your heirs, don’t use passphrases!  Use Shamir’s Secret Sharing to back up secret pieces in some way that mitigates risk of compromise while you are alive, but also has a high probability of surviving your death or otherwise incapacitation.
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October 01, 2020, 05:38:47 PM
Merited by vapourminer (1)

Apparently it's a 3 of 4 setup, so yes, one more arrest and those coins are gone (not really, but you got that one)



Then they have still enough time to update their setup to a 2 of 3.
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October 01, 2020, 05:39:47 PM
Merited by El duderino_ (2)

sure Dabs would be happy to hang on to it for them
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October 01, 2020, 05:40:32 PM

US Treasury Secretary Mnuchin: We Have Reached Agreement On Direct Payments To Americans
https://twitter.com/LiveSquawk/status/1311445259906318342
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October 01, 2020, 05:40:46 PM

I have a feeling, BTC gonna cross 11k once again, Elwar making me more bullish  Grin Cheesy Cool

Yes... of course (well duh), our lil buddy gonna cross $11k, but BIG question seems to be "when?"

Also, is $11k even within any kind of realm of meaningful interest?.. In other words, reaching or breaching $11k to the upside seems to be currently within the realm of mostly noize.

Aren't we more interested in "when" BTC might be crossing its most recent medium term local high of $13,880?  Or getting close to such medium local term high in order to cause such $13,880 to be inevitably crossed?

I am actually thinking that BTC price have to get meaningfully above $13,880 (maybe even supra $15k, or maybe $14,250 would be enough?) in order for us to really get excited about such $13,880 being breached to the upside.
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October 01, 2020, 05:43:27 PM
Merited by vapourminer (1), JayJuanGee (1)

Not your keys Not your coins.
Personally I dont know why people are selling?
Just take your BTC off the exchange.
Or do most people using Bitmex dont have personal wallets?
What gives?

This is because derivatives on mex (in this case futures) can not only be used for degen trading but to hedge positions on spot markets as a risk management tool.

This is usually what big traders do and when they unwind the trade on one side (bitmex) it has implications on the other side (spot market).

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October 01, 2020, 05:45:02 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

Crypto Trading Platform BitMEX ‘Attempted to Evade’ US Regulations, CFTC, DOJ Charge
https://www.coindesk.com/bitmex-cftc-enforcement
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October 01, 2020, 05:45:12 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

you are kidding, right....he is one 'smart-ass' guy wearing jobs-style turtleneck (has kind of super huge mouth/smile).
look for pics with sunglasses (Alps?)

The joke was real indeed  Tongue

could care less about that guy
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October 01, 2020, 05:46:20 PM
Merited by JayJuanGee (1)

Apparently it's a 3 of 4 setup, so yes, one more arrest and those coins are gone (not really, but you got that one)

Then they have still enough time to update their setup to a 2 of 3.

That seems to be moving in the wrong direction.  Perhaps try instead expanding 3/4 to (e.g.) 3/7, with fiduciaries distributed in different jurisdictions and geographic regions such that it is unlikely that collusion could result in theft, but also unlikely that too many keyholders could be lost at once due to government action, earthquake, war, cataclysmic asteroid strike, etc.
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October 01, 2020, 05:57:03 PM

Looks like Coinbase just added REN and BAL to be traded against USD and BTC.
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$120000 by 2023 confirmed 🍄💊


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October 01, 2020, 06:07:14 PM

YFI LOL
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October 01, 2020, 06:09:50 PM
Merited by JayJuanGee (1)

That's all good and fine and okay. There are many different car manufacturers, but they all make vehicles to get us from point A to point B. I think Bitcoin and everything around it works similarly.

this is an excellent point you made. during the industrial style revolution, when a new invention was created - let's stay with cars in this example - a consumer who wanted the product could easily check if it did as it was supposed to. it not only needed to look like a car, it needed to actually drive to find buyers. all of a sudden there were hundreds of car manufacturers, a car market emerged, the good car makers survived.

in the digital revolution of our days this mostly still worked. even with software: if you bought MSWord to be able to write a text on your desktop it was trivial to find out if it really did what it was supposed to.

but how on earth is a consumer supposed to know if the "blockchain-tech" does what it should do? how does immutability look like? decentralization? how can a no coiner experience digital scarcity?

what bitcoin does was thought to be impossible for decades. it was an iron wall, could not be penetrated. then bitcoin drilled a hole in that wall of impossibility.  for some unknown reason everyone thought that with this little hole in this massive iron wall that the wall is gone now. but it is still there and only bitcoin went to the other side. folks believing that "blockchain" has torn down that wall altogether. but it is still there.


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