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

[_javier_]

Wow, so much is happening...

So it seems Bitcoin Gold (BTG) is doing well. I guess it's that time of the year again, when I have to fire up my TREZOR and split my coins to get my BTG airdrop.

And now I read about another airdrop, Bitcore (BTX)! How come I missed that?

My plan is this:

1. Create a new recovery seed in TREZOR and move my BTC there.
2. Do the Bitcoin Gold (BTG) splitting on the old (empty of BTC) recovery seed.
3. What do I do to claim my Bitcore (BTX)?

If anyone knows the procedure for BTX, please let us know, I'm sure many of us have the same question.

Thanks!

Go back about 1-2 pp.

Thanks. I did read the pages earlier, but felt the info was a bit confusing on what to do. I read them again now, and I think all info needed is contained in the following steemit page:

https://steemit.com/crypto-news/@xwerk/bitcore-btx-guide-the-2nd-snapshot-for-btc-hodlers-free-btx-or-how-it-works

Will empty my current wallet (seed) of all coins first, and then do the BTG and BTX splitting. Will let everyone know what happened, so that anyone wanting to do the same can have some reassurance on the correct procedure to follow.

I already had the empy wallet for BCH claiming, so i did the BTX one.

Easy pie.

Load BTX wallet, go to console, importprvkey XxXxXx  for the BTC address with funds on 2/11 and bam! BTXs appeared.
Free coins!

Maybe just a few dollars now.. But you can get the weekly airdrops.. and let it be there.. we´ll see in a couple of months.

(Mark this post for future reference and tips to my address in signature.. rofl)

[Cassius]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

Thats only part of the potential problem. If they (bitfinex/tether) were issuing tether without any backing ($670 million remember) and using margin on top of that to pump btc, We are in a lot bigger trouble. Not only will everyone who holds tether have a worthless token but we have no idea what any coin is actually worth in the real market.
Its been 24hours since bitfinex said they would be releasing an official statement.

I might be getting paranoid here but it feels like de ja vu (goxed)

I don't think it's paranoia if it's happened before. More like suspicion or realism
Worst case scenario it does look like a Willy/Gox situation, with QE USDT being used to inflate BTC prices. But I don't think it will be that bad. Even if USDT is a fractional reserve, which would be no trivial thing, it accounts for a relatively small proportion of the market and broader demand is growing fast.
Not a picnic, but no Gox/China ban scenario either.

[gentlemand]

it accounts for a relatively small proportion of the market and broader demand is growing fast.

USDT on BFX has a double whammy effect. It's new money on the exchange that others follow. That's far more potent than the same money on a minor league exchange. It shouldn't be underestimated.

[Cassius]

it accounts for a relatively small proportion of the market and broader demand is growing fast.

USDT on BFX has a double whammy effect. It's new money on the exchange that others follow. That's far more potent than the same money on a minor league exchange. It shouldn't be underestimated.

That's true. It wouldn't be pretty. Equally, we're a long way from 2014 now in terms of infrastructure.

[Torque]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

Thats only part of the potential problem. If they (bitfinex/tether) were issuing tether without any backing ($670 million remember) and using margin on top of that to pump btc, We are in a lot bigger trouble. Not only will everyone who holds tether have a worthless token but we have no idea what any coin is actually worth in the real market.
Its been 24hours since bitfinex said they would be releasing an official statement.

I might be getting paranoid here but it feels like de ja vu (goxed)

I don't think the market will miss a beat. The FUD is by design, the FUDsters need another reason to short/dump the market and cause another panic. It's getting comical at this point. After every rally, there is always some "magical FUD" that appears out of nowhere and gets everyone all frazzled.

You guys need to chillax. Also, why do you guys consider Bitfinex to be the center of the Bitcoin universe? They suck, everyone knows it, no one trusts them, and hardly anyone I know even trades there.

[fragout]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

Thats only part of the potential problem. If they (bitfinex/tether) were issuing tether without any backing ($670 million remember) and using margin on top of that to pump btc, We are in a lot bigger trouble. Not only will everyone who holds tether have a worthless token but we have no idea what any coin is actually worth in the real market.
Its been 24hours since bitfinex said they would be releasing an official statement.

I might be getting paranoid here but it feels like de ja vu (goxed)

I don't think it's paranoia if it's happened before. More like suspicion or realism
Worst case scenario it does look like a Willy/Gox situation, with QE USDT being used to inflate BTC prices. But I don't think it will be that bad. Even if USDT is a fractional reserve, which would be no trivial thing, it accounts for a relatively small proportion of the market and broader demand is growing fast.
Not a picnic, but no Gox/China ban scenario either.

Broader demand is growing because btc is mooning all year long which is making constant headlines. USDT is on almost all exchanges and $670 million with X10 margin is far from a small proportion of the market. Imagine the headlines if the sudden price rise this year is attributed to tether.
When gox happened btc was a much smaller eco system. If it happens again, its going to take years to recover if ever.

[Cassius]

Tether website gone offline. $30 million "hack" last night. Not liking this

I cannot imagine what taking USDT out of play would do to the ecosystem at this point.

Thats only part of the potential problem. If they (bitfinex/tether) were issuing tether without any backing ($670 million remember) and using margin on top of that to pump btc, We are in a lot bigger trouble. Not only will everyone who holds tether have a worthless token but we have no idea what any coin is actually worth in the real market.
Its been 24hours since bitfinex said they would be releasing an official statement.

I might be getting paranoid here but it feels like de ja vu (goxed)

I don't think the market will miss a beat. The FUD is by design, the FUDsters need another reason to short/dump the market and cause another panic. It's getting comical at this point. After every rally, there is always some "magical FUD" that appears out of nowhere and gets everyone all frazzled.

You guys need to chillax. Also, why do you guys consider Bitfinex to be the center of the Bitcoin universe? They suck, everyone knows it, no one trusts them, and hardly anyone I know even trades there.

I'd rather say that it's not the right time for this 'news' to make an impact.
The market will probably rise until it gets too far ahead of itself does its full bubble thing. Then it will need a trigger to implode.
Back in 2014 the market shrugged off good news just like it is shrugging off bad news now.

[Torque]

I don't think the market will miss a beat. The FUD is by design, the FUDsters need another reason to short/dump the market and cause another panic. It's getting comical at this point. After every rally, there is always some "magical FUD" that appears out of nowhere and gets everyone all frazzled.

You guys need to chillax. Also, why do you guys consider Bitfinex to be the center of the Bitcoin universe? They suck, everyone knows it, no one trusts them, and hardly anyone I know even trades there.

I'd rather say that it's not the right time for this 'news' to make an impact.
The market will probably rise until it gets too far ahead of itself does its full bubble thing. Then it will need a trigger to implode.
Back in 2014 the market shrugged off good news just like it is shrugging off bad news now.

Let me help you out a little here.

Mark my words, there WILL be another FUD-driven dump coming. Likely on or before 12/14. Or even shortly thereafter. But there will be another huge dump (likely -30%), and it will try to get people to panic sell. The FUDsters are likely already planting the seeds for this crap. It's probably to help out their Wall Street buddies to get in to Bitcoin by opening big short positions.

There, I said it. Prepare accordingly. Let's all make this the one major FUD dumpage that we all saw coming a mile away.

Now can we stop with all the hand-wringing?

[Cassius]

I don't think the market will miss a beat. The FUD is by design, the FUDsters need another reason to short/dump the market and cause another panic. It's getting comical at this point. After every rally, there is always some "magical FUD" that appears out of nowhere and gets everyone all frazzled.

You guys need to chillax. Also, why do you guys consider Bitfinex to be the center of the Bitcoin universe? They suck, everyone knows it, no one trusts them, and hardly anyone I know even trades there.

I'd rather say that it's not the right time for this 'news' to make an impact.
The market will probably rise until it gets too far ahead of itself does its full bubble thing. Then it will need a trigger to implode.
Back in 2014 the market shrugged off good news just like it is shrugging off bad news now.

Let me help you out a little here.

Mark my words, there WILL be another FUD-driven dump coming. Likely on or before 12/14. Or even shortly thereafter. But there will be another huge dump (likely -30%), and it will try to get people to panic sell.

There, I said it. Prepare accordingly.

I'm talking about the end of a bubble phase, not a dump - even a major one - along the way. And yes, I'd expect at least another major dump before $10k.

[Dotto]

The red wand is my hardware wallet

[fabiorem]

It seems the new FUD from bear camp is about tether.

https://www.reddit.com/r/Bitcoin/comments/7efxp5/the_tether_fud_made_more_tether_congratulations/

Updated version of "all the world's money" chart: http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

Global money supply: $90.4 trillion. From these, only 8% is physical money.

Derivatives: $544 trillion.

Just apply the tether FUD to derivatives. If the derivatives dont blow up the financial system, so tether will not blow up bitcoin as well.

[Paashaas]

Another ATH...nice!

[RayX12]

Another ATH...nice!

ha ha ha.. very nice indeed-- bears are  

[ghandi]

[petahashminer]

ATH ??

 

[hv_]

ATH ??

 

Confirmed

[Phil_S]

Just 20% more and...



8333 * 1.20 = 10000

[Dabs]

And add to that the "real" bitcoin futures derivatives and later on the exchange traded funds derivatives, and the large banking fractional reserve derivatives.

[AlexGR]

Updated version of "all the world's money" chart: http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

He's got the silver data wrong. Above ground supplies are not 17bn usd, that's around 1 year of mining supply if we round it to 1 bn ounces - although IIRC it's nearer 800mn ounces / 25.000 tons/year.

Above ground silver (excluding landfills / non-economically recoverable) should be 1mn tons+, or 546bn+ USD.

[DARKHOLDER]

Next target 8500$ soon..