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

[r0ach]

PS. Found a scenario that is in line with my expectations.
https://www.tradingview.com/chart/BTCUSD/bRHCR1I2-Bitcoin-The-End-of-an-Era/

So basically you are even more stupid than MatTheCat and wanted to short the halving with your May 24th prediction there.  But we all know nobody is that fucking stupid.  You're just an actual shill account, likely sold off to some banker for $200 a year or two ago.

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[jbreher]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

[clopoterian]

Our Chinese overlords duped us again. They but baited the hook, and we bit. Boy howdy!
Now, our hopes shattered, we have to go back.

http://i.4cdn.org/mlp/1464453148821.gif

[r0ach]

asdfasdfsdfgasdfgadfasdfasdf

LOL jew shills

[Assmaster2000]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

Educate yourself, Westerner. https://en.wikipedia.org/wiki/Inedia

[biggus dickus]

Coinbase is insured against theft and electronic compromise in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft.

Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).

This insurance policy does not cover damages resulting from a specific user's loss, such as the losses resulting from a compromise of the customer login credentials. Coinbase's insurance also contains standard policy exclusions (e.x. force majeure). Should information regarding this coverage materially change, we’ll update this and other relevant pages in a timely manner.

As we know riots and strikes are included in the standard force majeure clause. Can a dramatic rise of bitcoin price be interpreted as a riot against government fiat money? Or the choice to use only bitcoin instead of fiat be interpreted as a strike?

That is an interesting thought. It's a stretch, but TPTB will make any stretch to cover their asses. (e.g., Not that long ago, the doctrine of 'crime of money laundering' did not even exist.)

How is Coinbase insuring customer bitcoins? Is it by FDIC? Who are the underwriters?

I don't know who the underwriters are specifically, but one might be able to learn by trawling though insurance companies' annual reports - listed as a potential risk. I'm pretty certain however that it is not FDIC. They only ensure fiat, 'cause they can get it printed to cover systemic losses.

I'm not sure if Coinbase itself knows who its underwriters are. This page says Coinbase is insured through worldwide insurance broker, Aon which uses a worldwide network of underwriters, but the specific underwriters have not been identified.

https://www.cryptocoinsnews.com/coinbase-insurance-has-been-active-almost-year/

After looking through countless web pages all I could find out was Coinbase is insured with "highly rated carriers".


https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

How is Coinbase insured?

May 17, 2016  
Coinbase is insured against theft and electronic compromise in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft.

Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).

This insurance policy does not cover damages resulting from a specific user's loss, such as the losses resulting from a compromise of the customer login credentials. Coinbase's insurance also contains standard policy exclusions (e.x. force majeure). Should information regarding this coverage materially change, we’ll update this and other relevant pages in a timely manner.

[becoin]

Bitstamp continues to bleed and sell cheap bitcoins.

[Ibian]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

How did they feed themselves before globalization?

[mymenace]

MOOOAAARRRR!!!!!

[kodtycoon]

this is guna get quite interesting. the buying is obviously a direct result of china, but why? devaluation of the yuan right? right. thing is it was devalued as a direct result of, and retaliation to the US' 450% inport tax on certain metals. china pissed. as they were last time the fed got hawkish on rates. twice in a row in a week: hawkish fed speak = yuan devaluation the next business day. followed by dovish fed = increase in valuation of yuan. the fed was hawkish AF friday(?).. so monday = more devaluation = more capital flight = more "to the moon" \(00)/

and its only guna escalate between the US and china so all good on the horizon 

[yefi]

Someone is trying very hard to suppress price w/ giant 650 coin wall @ 497 on Stamp

Does it get eaten? Pulled?

They're going to have to try harder than that. Remember in November '13 when someone (Mark?) put up 10,000 BTC @ ~$260 on Gox?

[Assmaster2000]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

How did they feed themselves before globalization?

Not well?

[Tzupy]

Someone is trying very hard to suppress price w/ giant 650 coin wall @ 497 on Stamp

Does it get eaten? Pulled?

They're going to have to try harder than that. Remember in November '13 when someone (Mark?) put up 10,000 BTC @ $200 on Gox?

I remember, but it was at 260$, and made me panic sell. Bought back after it was eaten.

[Wexlike]

I <3 China

[r0ach]

It's over for all these beta male shills rubbing their rat claws together cackling about shekels and interest rates.  The spaceship has been loaded with the rocket fuel and you must deal with all the unpleasantries of the entire universe in which you created.

[Assmaster2000]

this is guna get quite interesting. the buying is obviously a direct result of china, but why? devaluation of the yuan right? right. thing is it was devalued as a direct result of, and retaliation to the US' 450% inport tax on certain metals.

ELI5 how debasing yuan counters the anti-dumping tax?

[jbreher]

I don't understand why there isn't a global policy of involuntary euthanasia for nazis. Seems like a no-brainer.

No-brainer only if performed via encephalectomy.

[Ibian]

The West is selling ... their bitcoins because there is nothing left for sale and they need to eat something. The only thing West still produces is Western values.

And food. The west produces food. In abundance. The rest of the world needs to eat something.

How did they feed themselves before globalization?

Not well?

Well enough to survive to the present day and be a pest.

[becoin]

And food. The west produces food. In abundance.

The food West produces is heavily subsidized. It is not competitive without the money printing press. 80% of the food West produces is corn and soybeans. The huge variety of food in shops is just imaginary as it has only 2 base ingredients - corn and soybeans.

[Fatman3001]

I don't understand why there isn't a global policy of involuntary euthanasia for nazis. Seems like a no-brainer.

No-brainer only if performed via encephalectomy.

Excellent! So we have a definition from lambie, method of mercy from you... I'm excited!