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

[gentlemand]

Tether being discussed on Bloomberg.

[BTCMILLIONAIRE]

Guys, just hanging at these levels is freaking amazing.

When we broke up out of the year long log channel it could have been a blow off spike...but it's not.

Sure, it will go up and down...but 11K is a reality now.  We have been up here for 3 days, and the volatility isn't even that bad, just slowly melting up.

3 days? It felt like two weeks to me. Damn I have no sense for time.

[arklan]

No mansion for me, more like a a hobbit house

but off the grid, hell yeah

You saying that because you don't have enough bitcoins or because you don't want to draw attention to yourself?


By the way, we all gonna be fucked if prices reach $111k, so better have enough coins.

I mean, we gonna be so fucked in the head from RICHes that we gonna have some difficulties figuring out spending, diversification, security.. and some fucking ass new standards that are out of our regular comfort zone... so gotta kind of tentatively start planning, so we not be so shocked...

currently, i'd have... uh... about 1k USD if the price went to 111k. by all means, let the price climb... just, slowly, ok? let me trade and accumulate a bit.

i swear, an illegal loan shark is looking more and more tempting these days...

[HairyMaclairy]

Tether being discussed on Bloomberg.

I have read Bitfinexed’s critique of the Friedman audit of Bitfinex. It’s pretty clear that Bitfinexed has no experience of interpreting audit reports and is going at completely the wrong issues.

That said, Bitfinex has done a piss poor job of managing the issue.  It should publish monthly transparency reports at the least, and those reports should be signed off by Friedman.  So it only has itself to blame.  And attempting to sue people rather than improve its reporting practices is a bad sign.

[Higher Altitude]

Guys, just hanging at these levels is freaking amazing.

When we broke up out of the year long log channel it could have been a blow off spike...but it's not.

Sure, it will go up and down...but 11K is a reality now.  We have been up here for 3 days, and the volatility isn't even that bad, just slowly melting up.

3 days? It felt like two weeks to me. Damn I have no sense for time.

Time dilation happens when you are traveling at the speed of Bitcoin

[podyx]

Living of the grid, what does that mean?

Living completely alone?

[jojo69]

Living of the grid, what does that mean?

Living completely alone?

self sufficiency, no hookups to government or corporate utilities, dealing with your own power, water and poop

[BTCMILLIONAIRE]

Guys, just hanging at these levels is freaking amazing.

When we broke up out of the year long log channel it could have been a blow off spike...but it's not.

Sure, it will go up and down...but 11K is a reality now.  We have been up here for 3 days, and the volatility isn't even that bad, just slowly melting up.

3 days? It felt like two weeks to me. Damn I have no sense for time.

Time dilation happens when you are traveling at the speed of Bitcoin

Does time even exist anymore? Bitcoin is faster than light!

[arklan]

Guys, just hanging at these levels is freaking amazing.

When we broke up out of the year long log channel it could have been a blow off spike...but it's not.

Sure, it will go up and down...but 11K is a reality now.  We have been up here for 3 days, and the volatility isn't even that bad, just slowly melting up.

3 days? It felt like two weeks to me. Damn I have no sense for time.

Time dilation happens when you are traveling at the speed of Bitcoin

Does time even exist anymore? Bitcoin is faster than light!

yea, uh... no. i wish.

[WhatsBitcoin]

No mansion for me, more like a a hobbit house

but off the grid, hell yeah

You saying that because you don't have enough bitcoins or because you don't want to draw attention to yourself?


By the way, we all gonna be fucked if prices reach $111k, so better have enough coins.

I mean, we gonna be so fucked in the head from RICHes that we gonna have some difficulties figuring out spending, diversification, security.. and some fucking ass new standards that are out of our regular comfort zone... so gotta kind of tentatively start planning, so we not be so shocked...

currently, i'd have... uh... about 1k USD if the price went to 111k. by all means, let the price climb... just, slowly, ok? let me trade and accumulate a bit.

i swear, an illegal loan shark is looking more and more tempting these days...

[arklan]

and why did you quote me? *shifty eyes*

[jojo69]

oooh, nice wall at 12K on GDAX

[BTCMILLIONAIRE]

No mansion for me, more like a a hobbit house

but off the grid, hell yeah

You saying that because you don't have enough bitcoins or because you don't want to draw attention to yourself?


By the way, we all gonna be fucked if prices reach $111k, so better have enough coins.

I mean, we gonna be so fucked in the head from RICHes that we gonna have some difficulties figuring out spending, diversification, security.. and some fucking ass new standards that are out of our regular comfort zone... so gotta kind of tentatively start planning, so we not be so shocked...

currently, i'd have... uh... about 1k USD if the price went to 111k. by all means, let the price climb... just, slowly, ok? let me trade and accumulate a bit.

i swear, an illegal loan shark is looking more and more tempting these days...

What kind of interest do they charge? lol

[jojo69]

ooooh, will 11620 hold?

the suspense is killing me

[arklan]

No mansion for me, more like a a hobbit house

but off the grid, hell yeah

You saying that because you don't have enough bitcoins or because you don't want to draw attention to yourself?


By the way, we all gonna be fucked if prices reach $111k, so better have enough coins.

I mean, we gonna be so fucked in the head from RICHes that we gonna have some difficulties figuring out spending, diversification, security.. and some fucking ass new standards that are out of our regular comfort zone... so gotta kind of tentatively start planning, so we not be so shocked...

currently, i'd have... uh... about 1k USD if the price went to 111k. by all means, let the price climb... just, slowly, ok? let me trade and accumulate a bit.

i swear, an illegal loan shark is looking more and more tempting these days...

What kind of interest do they charge? lol

no idea. but hey, this is bitcoin. they could charge 200% and, depending on length of term, we'd beat it.

[JayJuanGee]

Real question:

Would anyone here really be that sad if by Dec 2018 we were only at say, $12-13k?

Are people's expectations getting ridiculous now considering the hella run up we had this year?

What if we were around $5k by the end of 2018?    The long termers should still be good, no?     The ones who bought later, might be scrambling a bit, unless they already planned for various possibilities, including downwards. 

Even $5k is not seeming too likely, but if we go shooting up to $18k or something like that, we could thereafter correct 80% or something like that and hover around those territories for a decent amount of time, no?  80% off of $18k would be in the $3600 arena, which even though extreme, does not seem unreasonable or outside of reasonable exuberant market movements, no?

[Ibian]

Real question:

Would anyone here really be that sad if by Dec 2018 we were only at say, $12-13k?

Are people's expectations getting ridiculous now considering the hella run up we had this year?

What if we were around $5k by the end of 2018?    The long termers should still be good, no?     The ones who bought later, might be scrambling a bit, unless they already planned for various possibilities, including downwards. 

Even $5k is not seeming too likely, but if we go shooting up to $18k or something like that, we could thereafter correct 80% or something like that and hover around those territories for a decent amount of time, no?  80% off of $18k would be in the $3600 arena, which even though extreme, does not seem unreasonable or outside of reasonable exuberant market movements, no?

It would be terrible to only have 8 times what I originally started with. Sob sob. How will I eat?

Well, it would legitimately suck for me, but for different reasons than purely financial ones.

[Heater]

Tether being discussed on Bloomberg.

I have read Bitfinexed’s critique of the Friedman audit of Bitfinex. It’s pretty clear that Bitfinexed has no experience of interpreting audit reports and is going at completely the wrong issues.

That said, Bitfinex has done a piss poor job of managing the issue.  It should publish monthly transparency reports at the least, and those reports should be signed off by Friedman.  So it only has itself to blame.  And attempting to sue people rather than improve its reporting practices is a bad sign.

Yep.

The concept of Tether is great, but because it's the fiat on/off ramp it needs to be run the same way the fiat world runs otherwise it **will** get shut down one day. We have seen this story before. No amount of "secret sauce" can stop it forever.

If one of the big banks (or nation states?) steps up and creates a USD tether with all the audit bells and whistles, AML & KYC  and all that crap it will be a huge boon for the whole ecosystem.

BTW when the feds do finally freeze all the tether bank accounts, all that money is going to flow back from the shitcoins to the Honey badger. It will be an epic day.

Edit:
https://www.bloomberg.com/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange

[arklan]

btw, that drop to 11640 on stamp was what i called earlier... shame i didn't have the guts to wait, and bought above that. dammit!

[gentlemand]

Yep.

The concept of Tether is great, but because it's the fiat on/off ramp it needs to be run the same way the fiat world runs otherwise it **will** get shut down one day. We have seen this story before. No amount of "secret sauce" can stop it forever.

If one of the big banks (or nation states?) steps up and creates a USD tether with all the audit bells and whistles, AML & KYC  and all that crap it will be a huge boon for the whole ecosystem.

BTW when the feds do finally freeze all the tether bank accounts, all that money is going to flow back from the shitcoins to the Honey badger. It will be an epic day.

I doubt those potential Tether dollars can be linked to Tether in any way other than in the minds of the Tether operators. They could be anywhere in any account and they're not going to name it 'Me Tether Account' either.

And no bank is going to specifically create something that eases crypto trading.