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

[BlindMayorBitcorn]

[1714543866]

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[1714543866]

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[Vin]

6100 incoming tonight

Hope so 

[Ibian]

$10000 street price in japan and india >.> choo choo weeeeeeeee//^

Wait. What?

[podyx]

[BlindMayorBitcorn]

$10000 street price in japan and india >.> choo choo weeeeeeeee//^

Wait. What?

Screamy guy is for entertainment purposes only.

[Last of the V8s]

or as they say nowadays

[Last of the V8s]

~6,000,000,000,000,000,000,000,000 kilograms of gold created quite far away https://www.instagram.com/p/BaUYHuCnXKQ/

[Torque]

~6,000,000,000,000,000,000,000,000 kilograms of gold created quite far away https://www.instagram.com/p/BaUYHuCnXKQ/

Dark matter and space-time are to humans like the ocean is to fish.... the fish aren't aware of the "substance" they swim in and thus have no way to discern it and separate it from their reality.

[xhomerx10]

~6,000,000,000,000,000,000,000,000 kilograms of gold created quite far away https://www.instagram.com/p/BaUYHuCnXKQ/

 lol we need an animation to understand the gravity of this event.  Here's what scientist saw:



KaBoOM!

[BlindMayorBitcorn]

You are here.

[Bitcoinaire]

Annnd we're dropping.

[podyx]

Whats going on??

[BlindMayorBitcorn]

That's a shame.

[Elwar]

https://www.bitfinex.com/posts/227

October 16, 2017
This message is further to our announcement of August 11, 2017, with respect to terminating our business with U.S. individual customers. As indicated in the announcement, we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017. U.S. customers are already barred from receiving financing from other users on Bitfinex’s peer-to-peer financing platform. This restriction will remain and, in addition, U.S. individual customers will no longer be able to provide financing on Bitfinex effective November 9, 2017.

All U.S. individual users must make arrangements to withdraw their Digital Tokens by November 9th.

U.S. individuals holding Recovery Right Tokens (RRTs), if any, which relate to the exchange of now-defunct BFX tokens to equity in iFinex Inc., may, starting on October 27, 2017, sell all of their RRTs on the exchange, if they so elect. This is an exception to the general terms of use for RRTs. U.S. individuals are not permitted to buy RRTs during this time period. All terms and conditions relating to the sale of any RRTs remain in full force and effect and are deemed to apply to the sale of any RRTs by U.S. individuals or otherwise. Any RRTs remaining in the hands of U.S. individual verified customers after the November 9th deadline may be sold through Bitfinex on an OTC basis through special arrangement with us.

WOW!!!!!

I initially thought that Bitfinex were going to restrict USA customers from fiat bank encounters and a few other asset trading restrictions - yet this announcement appears to be a complete severance of USA customers from any kind of service on their platform... ... seemingly too much liability for Bitfinex to have USA exposure... would be a prudent move for them, but gonna screw around a lot of USA folks who are currently using their platform.. and had wanted access to some of that Hong Kong based market (arbitrage or whatever).

Get your coins off exchanges JJG. Stop playing with fire.

Hahahahaha..   Thanks for your concern... I understand that you are more exchange averse than me... 

I am not going to get my coins off of all exchanges, but surely I got to work towards setting up a plan to remove all of my coins from bitfinex in the next 3.5 weeks... and they had been my go to exchange for alt coins, so currently I gotta figure out what to do with the BCH, ETH, ETC, LTC, Monero and dollars that I hold on their platform.. whether to liquidate all of it or just move it to wallets?  Surely I cannot move the dollars - so I gotta probably buy bitcoin or some other alt with the dollars before I move it.  Most likely I will buy bitcoin because I don't feel too comfortable having my value in alts... and if I get stuck, I would rather be stuck mostly in bitcoin than some of those other ones.

Ya, Bitfinex was my go-to exchange due to being able to margin fund. I've made over $25k just in interest off of a small portion of money I cashed out this summer (though had I kept it in BTC it would be a lot more). I was hoping that income would be what I would live off of when I retire...the returns via margin funding averaged around 20-30% APY.

The wording is U.S. individual customers. I wonder if it means U.S. residents or U.S. citizens. I know the SEC sees the two differently which is likely their main concern.

I already cashed out on that platform but I'd have to convert to BTC then convert back to USD on a US exchange, I hope the IRS doesn't treat that as capital gains twice. I'd keep it in BTC but the deed is done and I'll be paying my extortion money to the war lords anyway so I may as well have it in something that I can make some safe investments.

I suspect though that many US customers will need to cash out their USD to BTC to get it off platform as well...could push the price up quite a bit.

It's a shame, at my current funding rate I'm getting a 115% yearly interest (due to the price jump). Try to get any returns like that on any other investment (outside of the crypto-world ).

[gembitz]

6100 incoming tonight

That's crazy talk !

$7777 new target reset!!!    #to the moooooooon

[Torque]

So question, is BCH ever going to get pumped again? Wondering when I should jettison the rest. 

[gembitz]

So question, is BCH ever going to get pumped again? Wondering when I should jettison the rest. 

yeah thats funny i just gambled on BCH maybe the switchening is reel lel

[LewisPirenne]

So question, is BCH ever going to get pumped again? Wondering when I should jettison the rest. 

If they are not going to pump it post S2X launch, then it's probably never going to be pumped.  Also, with exchanges closed in China, they can't pump it like before.  Maybe try to lead via Bithumb as in the past?  But I kind of doubt it since the whole point of China ban is to prevent capital flight and evasion of capital control.  If Chinese miners can somehow move their fund oversea, then the last thing they want to do is to risk it on pumping alt on some sketchy exchange.  

If you check the share of mining pools, whenever BCH is not profitable to mine, that "mysterious miner" already account for 80~85% of hashrate.

https://cash.coin.dance/blocks/today

I hope the CoreCoin drop will be worth something. A slightly inferior coin with 1 miner controlling 80% of the hashing power doesn't sound too tasty.

[bones261]

So question, is BCH ever going to get pumped again? Wondering when I should jettison the rest.  

In the short term, it "might" experience a sucker's rally due to all the fear, uncertainty and doubt surrounding the S2X fork. The rally may even be enhanced if the fork actually has negative consequences.  However, many will opt to hedge by picking any old alt that strikes their fancy, or make an exit with fiat. If the S2X fork is of no consequence, expect more dumping of BCH when people start getting the all clear signals. (Many have held their airdropped BCH to this point, as some kind of hedge to the S2X fork.) I wouldn't expect it to pump again until an extended consolidation period that may come after Coinbase users get their BCH in January.(I don't think it will happen at all if nothing is done to repeal and replace the EDA feature.)

[Asrael999]

Interesting someone’s deleting posts Cowboys and the fact that dumps take place around about the time that Eastern Europe opens.