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JimboToronto
Legendary
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Activity: 4032
Merit: 4569
You're never too old to think young.
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April 11, 2017, 03:43:31 PM |
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Good morning Bitcoinland. I see we're still over $1200... currently $1222USD (Bitcoinaverage). That's plenty of consolidation for now. Let's start the next leg up.  |
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Kramerc
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April 11, 2017, 03:48:07 PM |
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Good morning Bitcoinland. I see we're still over $1200... currently $1222USD (Bitcoinaverage). That's plenty of consolidation for now. Let's start the next leg up. You're just in time  |
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JohnUser
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April 11, 2017, 04:00:56 PM |
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Good morning Bitcoinland. I see we're still over $1200... currently $1222USD (Bitcoinaverage). That's plenty of consolidation for now. Let's start the next leg up. You're just in time 3 days he his just in time, now when bitcoin down I wait Jimbo to wake up. |
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JimboToronto
Legendary
Offline
Activity: 4032
Merit: 4569
You're never too old to think young.
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April 11, 2017, 04:10:33 PM |
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Good morning Bitcoinland. I see we're still over $1200... currently $1222USD (Bitcoinaverage). That's plenty of consolidation for now. Let's start the next leg up. You're just in time 3 days he his just in time, now when bitcoin down I wait Jimbo to wake up. At least recently it's waited until I got up. It used to be that it always seemed to rally when I woke up halfway through the night to use the can. It was starting to wreak havoc with my beauty sleep. Lately I've been able to enjoy the show with my morning coffee. |
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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April 11, 2017, 04:22:16 PM |
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Gold up 1.1%, silver up 1.7%, bitcoin up 6/10th's of 1% on the "Trump's war on humanity" trade.
The fact that bitcoin is rising less than metals means either:
1) The price is mostly peaked out for it's current state in time
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2) There is no reason for bitcoin to be going up on war news because it's completely idiotic to be holding bitcoin during a war and there's just some random scheming pumper (bitfinex owners) trying to raise the price on events that should have no effect on the bitcoin market at all.
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JayJuanGee
Legendary
 Online
Activity: 3752
Merit: 10408
Self-Custody is a right. Say no to"Non-custodial"
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April 11, 2017, 04:26:24 PM |
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Gold up 1.1%, silver up 1.7%, bitcoin up 6/10th's of 1% on the "Trump's war on humanity" trade.
The fact that bitcoin is rising less than metals means either:
1) The price is mostly peaked out for it's current state in time
or
2) There is no reason for bitcoin to be going up on war news because it's completely idiotic to be holding bitcoin during a war and there's just some random scheming pumper (bitfinex owners) trying to raise the price on events that should have no effect on the bitcoin market at all.
To get a more accurate picture, you need to zoom out a little bit |
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JohnUser
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April 11, 2017, 04:33:33 PM |
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 Best TA ! |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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April 11, 2017, 05:27:16 PM |
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Still little or no mention of Bitfinex's Well Fargo lawsuit? http://www.coindesk.com/bitcoin-exchange-bitfinex-sues-wells-fargo-over-bank-transfer-freeze/I assume not that much actual USD is withdrawn from there but even so that's a rather important part of any exchange's functionality. I really can't see how BFX could win this. I assume the banking business is discretionary and they wouldn't be the type of customer any bank would particularly want and I'm surprised it hasn't happened sooner. |
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steelboy
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April 11, 2017, 05:31:26 PM |
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So what's the target here?
$1350 was an anomaly but I seem to remember 1290 being breached. If we get through 1300 that is definitely a massive positive.
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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April 11, 2017, 05:35:30 PM |
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Which site has this chartview btw? |
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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April 11, 2017, 05:42:40 PM
Last edit: April 11, 2017, 05:53:30 PM by HI-TEC99 |
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Still little or no mention of Bitfinex's Well Fargo lawsuit? http://www.coindesk.com/bitcoin-exchange-bitfinex-sues-wells-fargo-over-bank-transfer-freeze/I assume not that much actual USD is withdrawn from there but even so that's a rather important part of any exchange's functionality. I really can't see how BFX could win this. I assume the banking business is discretionary and they wouldn't be the type of customer any bank would particularly want and I'm surprised it hasn't happened sooner. A post on reddit questions whether that bank wanted bitfinex to sue it. If the bank loses and the government questions why its processing bitfinex wires it can say it was ordered to by a court. Likewise, if the bank wins it doesn't have to worry about trouble from the government. Whatever the result it will straighten out the legalities of processing wires from exchanges. IMO any bank is legally obliged to block a suspicious wire, but I don't think they can block all wires from a particular company without a reason. Bitfinex wouldn't be suing if it didn't think it could win. i know banks can block a customer without giving a reason, but an intermediary bank blocking a business without a reason could bankrupt it. |
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york780
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April 11, 2017, 05:50:58 PM |
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Looks like we are building the next pump&dump. Bitcoin has no chill lol.  Anyway this doesnt look very sustainable. Beware guys, wait for it to rise some more and after that we have an oldschool pump&dump like never before because of the high volume. It will be a nice mess like always  |
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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April 11, 2017, 05:53:24 PM |
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Let's go Michael Jordan!  |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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April 11, 2017, 06:05:02 PM |
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A post on reddit questions whether that bank wanted bitfinex to sue it. If the bank loses and the government questions why its processing bitfinex wires it can say it was ordered to by a court. Likewise, if the bank wins it doesn't have to worry about trouble from the government. Whatever the result it will straighten out the legalities of processing wires from exchanges.
Makes sense. In the meantime we're going to end up with BFX doing a Gox style price uncoupling which isn't a good look for anyone. |
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gembitz
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April 11, 2017, 06:06:42 PM |
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Gentlemen, where do we choose to go?  ^some say the moooon why do we say the moooon?? ..why is this our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$++##1337x |
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york780
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April 11, 2017, 06:07:19 PM |
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A post on reddit questions whether that bank wanted bitfinex to sue it. If the bank loses and the government questions why its processing bitfinex wires it can say it was ordered to by a court. Likewise, if the bank wins it doesn't have to worry about trouble from the government. Whatever the result it will straighten out the legalities of processing wires from exchanges.
Makes sense. In the meantime we're going to end up with BFX doing a Gox style price uncoupling which isn't a good look for anyone. Would it result in a GOX like crash? Interesting scenario. |
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york780
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April 11, 2017, 06:08:21 PM |
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Gentlemen, where do we choose to go? ^some say the moooon why we say the moooon?? ..why is the our goal??? ...bitcoin chooses to gogogo to the moooon \_((BvB))_/==*eZ^$$$ 1400-1500 USD.  is the goal calculated by me if we dont get a FUD attack or Bitifex Gox like crash. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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April 11, 2017, 06:09:46 PM |
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Would it result in a GOX like crash? Interesting scenario.
Bitfinex would still be solvent, unlike Gox, but with no way of getting USD out of there then the only way out is BTC. Gox was usually 5-10% above everywhere else because of that for a long time. I'm not sure whether their channels are the same for deposits though. If all USD supply dried up it would become pretty irrelevant. |
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