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

[kodtycoon]

GL, where are you looking at futures charts?

I use OKCoin.  

I think you may have to have an account.

is this the right one?

https://cryptowat.ch/okcoin/btcusd-weekly-futures/

[BayAreaCoins]

GL, where are you looking at futures charts?

I use OKCoin.  

I think you may have to have an account.

is this the right one?

https://cryptowat.ch/okcoin/btcusd-weekly-futures/

Correct!

[kodtycoon]

ty.

[YourMother]

I just bought, so, probably going down.

Congratulation for buying at the top of the latest pathetic pump.

[jaberwock]

I just bought, so, probably going down.

Congratulation for buying at the top of the latest pathetic pump.

when do you think pump will be over and we will return the dump phase?

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[pjviitas]

1w charts still pointing down

[Omikifuse]

I give it a maximum of 36 hours before we go down again.

Where are my cheap coins?

I sold my house, all my kittens and dogs and my wife ti buy cheap bitcoins, and now they are even more expensive

[Sitarow]

http://www.theverge.com/2015/1/23/7878351/winklevoss-gemini-bitcoin-exchange

News is going mainstream.

"Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."

[Omikifuse]

http://www.theverge.com/2015/1/23/7878351/winklevoss-gemini-bitcoin-exchange

News is going mainstream.

"Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."

Why is only theverge publishing it?

Nothing on coindesk crypto news etc, and nothing about it in any reputable media.

[kodtycoon]

down we go

[Sitarow]

http://www.theverge.com/2015/1/23/7878351/winklevoss-gemini-bitcoin-exchange

News is going mainstream.

"Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."

Why is only theverge publishing it?

Nothing on coindesk crypto news etc, and nothing about it in any reputable media.

Its going places .... Coindesk was one of the first to publish.

Winklevoss Twins Plan Regulated US Bitcoin Exchange
Jon Southurst (@southtopia) | Published on January 23, 2015 at 10:40 GMT
http://www.coindesk.com/winklevoss-twins-plan-regulated-us-bitcoin-exchange

"Chief compliance officer for the new exchange is Michael Breu, former head of information security in the research department at hedge fund Bridgewater Associates. Chief security officer Cem Paya comes from the same position at Airbnb.

Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

[relm9]

http://www.theverge.com/2015/1/23/7878351/winklevoss-gemini-bitcoin-exchange

News is going mainstream.

"Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."

Why is only theverge publishing it?

Nothing on coindesk crypto news etc, and nothing about it in any reputable media.

Eh, it was on NYT and Reuters... is that reputable enough for you?

http://dealbook.nytimes.com/2015/01/23/morning-agenda-winklevosses-plan-bitcoin-exchange/?_r=0
http://www.reuters.com/article/2015/01/23/us-usa-bitcoin-idUSKBN0KW0BN20150123

[Omikifuse]

http://www.theverge.com/2015/1/23/7878351/winklevoss-gemini-bitcoin-exchange

News is going mainstream.

"Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."

Why is only theverge publishing it?

Nothing on coindesk crypto news etc, and nothing about it in any reputable media.

Eh, it was on NYT and Reuters... is that reputable enough for you?

http://dealbook.nytimes.com/2015/01/23/morning-agenda-winklevosses-plan-bitcoin-exchange/?_r=0
http://www.reuters.com/article/2015/01/23/us-usa-bitcoin-idUSKBN0KW0BN20150123

Sorry, I missed all these sites.

Seems legit news(95% odd) right now

[JorgeStolfi]

Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

[hmmmstrange]

1w charts still pointing down

MACD on weekly charts is pointing up.

[cbeast]

It can't even hold a Lesser Rule of Thirds cycle. Back to 180. PUUUUURRRRGE you non-believers. Cleanse yourselves of filthy bitcoins!

[Sitarow]

Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

https://www.fdic.gov/deposit/deposits/

"FDIC insurance covers all deposit accounts, including:
Checking accounts
Savings accounts
Money market deposit accounts
Certificates of deposit
FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."

As with traditional exchanges what they insure is the balance in USD and not the products.

This permits mom and pop to move 25k in RRSP 401k and other funding options.

This is huge.

[supermine]

Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.

[coinableS]

Due to its banking partnership, dollars kept on Gemini will be eligible for FDIC (Federal Deposit Insurance Corporation) insurance and are as "safe and secure as they are in your bank account today", the exchange claims."

Hmm... FDIC only insures bank deposits against bank failures, isn't that so? 

If the clients' dollar deposits are stored in a single bank account, in the name of Gemini (as most exchanges do), the FDIC will not insure the clients against Genesis screwing it up (as MtGOX did).  Isn't that so?

Not just banks. They also insure "depository institutions" per FDIC's website:  " The majority of these insured depository institutions are subsidiaries of bank holding companies."