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

[Searing]

I seriously thought that 15% dip after 1000% gain this year was the end of cryptography.

I burned all of my private keys, opened up my server to telnet instead of ssh, stopped using a website if it was https instead of http and moved to a wooden house in middle of nowhere.

Funny FUD to calm you.

https://www.google.com/amp/amp.timeinc.net/time/money/4623650/bitcoin-invest

[Periodik]

Get the feeling we’re marshalling the forces for another big upwards move within the next 48 hours

Gotta love this. I missed that 17,000 dollars price for my monthly allowance.

By the way, CBOE tomorrow is cancelled already?

[gentlemand]

I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.

Sheeeeeeit.

Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite.

[gentlemand]

Get the feeling we’re marshalling the forces for another big upwards move within the next 48 hours

Gotta love this. I missed that 17,000 dollars price for my monthly allowance.

By the way, CBOE tomorrow is cancelled already?

One joint said they won't participate in settlement or something. Everyone else is go.

[BTCMILLIONAIRE]

I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.

Sheeeeeeit.

Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite.

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

[savetherainforest]

I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.

Sheeeeeeit.

Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite.

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

You bring some crypto friends, you hire a bodyguard.

[gentlemand]

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want.

Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page.

[jojo69]

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want.

Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page.

No tense, armed handoff down by the bridge construction site with aluminum briefcases full of Benjamins?

No deal!

[Torque]

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want.

Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page.

No tense, armed handoff down by the bridge construction site with aluminum briefcases full of Benjamins?

No deal!

Bitcoiner cashes out $1M to fiat.

Two weeks later his $1M is worth $800k compared to the btc he sold.

4 months later his $1M is worth $400k compared to the btc he sold.

Gotta love fiat lovers that like to get poorer by the month. 

[vroom]

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

You go to Genesis Trading or Cumberland Mining who telephones one of their nice clients looking to buy. You deposit your coins with them. Their client pays Genesis Trading. When the money is cleared everyone gets what they want.

Plus you get a nice man or woman to hold your hand throughout who won't freeze your arse because you're nothing more than an anonymous reference number on a status page.

No tense, armed handoff down by the bridge construction site with aluminum briefcases full of Benjamins?

No deal!

Bitcoiner cashes out $1M to fiat.

Two weeks later his $1M is worth $800k compared to the btc he sold.

4 months later his $1M is worth $400k compared to the btc he sold.

Gotta love fiat lovers that like to get poorer by the month.  

In germany a court recently allowed banks to collect negative interest for savings from their customers. It's like they are forcing us to buy bitcoin.

source: I only find german sources: http://www.spiegel.de/wirtschaft/service/kleinsparer-gericht-haelt-negativzinsen-bei-neuvertraegen-fuer-zulaessig-a-1182416.html

[JimboToronto]

Good morning Bitcoinland. Missed yesterday due to internet connectivity issues. Both my landline and my mobile were down and I was forced to go out to restaurants/bars/coffeeshops just to check the price. Then I got to my gig last night to find out they don't have wifi.

Seems we had quite a day with some serious correction/panic before bouncing right back up over $15k.... currently $15308USD/$19669CAD (Bitcoinaverage).

Old coins are currently worth $16861USD/21664CAD (Coinmarketcap).

Now that that's over with, we can start going back up again. Hopefully we'll see another ATH within a few days.

Go Bitcoin go.

[Torque]

In germany a court recently allowed banks to collect negative interest for savings from their customers. It's like they are forcing us to buy bitcoin.

source: I only find german sources: http://www.spiegel.de/wirtschaft/service/kleinsparer-gericht-haelt-negativzinsen-bei-neuvertraegen-fuer-zulaessig-a-1182416.html

Aww man, that's just criminal. These banks are going to go extinct.

[jojo69]

Aww man, that's just criminal. These banks are going to go extinct.

couldn't happen to a nicer bunch of parasites

mornin' Jimbo

[sirazimuth]

I seriously thought that 15% dip after 1000% gain this year was the end of cryptography.

I burned all of my private keys, opened up my server to telnet instead of ssh, stopped using a website if it was https instead of http and moved to a wooden house in middle of nowhere.

Nice to see you've finally come to your senses my friend.....

[d_eddie]

In germany a court recently allowed banks to collect negative interest for savings from their customers. It's like they are forcing us to buy bitcoin.

source: I only find german sources: http://www.spiegel.de/wirtschaft/service/kleinsparer-gericht-haelt-negativzinsen-bei-neuvertraegen-fuer-zulaessig-a-1182416.html

No bank run yet? 

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection

“CME Group's Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin.  

Since November 2016, CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin as of 4:00 p.m. London time.

The BRR is designed around the IOSCO Principles for Financial Benchmarks.

Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that currently contribute the pricing data for calculating the BRR.”

A reference rate / benchmark calculated in the City of London that is used as a basis for the settlement of multi-billion dollar financial contracts.

Wait, where have we heard that before ?

[gentlemand]

Source : http://www.zerohedge.com/news/2017-12-09/new-cme-bitcoin-futures-and-goldman-sachs-connection

I really don't get why they're referencing Kraken. It's not regulated, the USD market is tiny, plus it doesn't really work.

[vroom]

In germany a court recently allowed banks to collect negative interest for savings from their customers. It's like they are forcing us to buy bitcoin.

source: I only find german sources: http://www.spiegel.de/wirtschaft/service/kleinsparer-gericht-haelt-negativzinsen-bei-neuvertraegen-fuer-zulaessig-a-1182416.html

No bank run yet?  

don't worry, they are prepared. they freeze your money to prevent bank runs: https://www.reuters.com/article/us-eu-banks-deposits/eu-explores-account-freezes-to-prevent-runs-at-failing-banks-idUSKBN1AD1RS

people really need to see the bigger picture of what is coming.

[lightfoot]

In germany a court recently allowed banks to collect negative interest for savings from their customers. It's like they are forcing us to buy bitcoin.

source: I only find german sources: http://www.spiegel.de/wirtschaft/service/kleinsparer-gericht-haelt-negativzinsen-bei-neuvertraegen-fuer-zulaessig-a-1182416.html

Aww man, that's just criminal. These banks are going to go extinct.

Hardly: The banks are providing a service: Safeguarding your money.

(I know, hahahahaha!!!!!)

[gembitz]

I'm totally fucked at Coinbase. Sitting on an obscene amount of fiat from a recent sale, but don't have access to my Funding/Withdrawal page. Something 'tarded like below is what I'm getting.

Sheeeeeeit.

Why on Earth didn't you do an OTC sale? There's no way I'd trust any exchange with amounts above a few grand. They're too prone to freeze you over AML shite.

How exactly are you going to do an OTC sale for an "obscene amount of fiat" without exposing yourself to extreme risks?

You bring some crypto friends, you hire a bodyguard.

ya if you have never had a fistfight over a BTC deal then you are a n00b lulz