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

[Karartma1]

I am trying to avoid anything that can be printed and/or created out of thin air (i.e. fiat money, tether, whatever)
Do you know there's a thing called bitcoin? I'll stick to that

[1714931433]

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[1714931433]

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[1714931433]

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[JayJuanGee]

Whenever I hear a bunch of exuberant comments about trains etc I know a brutal bulltrap is coming

Tera Beara, we don't give a ratt's ass.  

(Nothing personal. I couldn't resist.)

hahahahahahaa


She's not very convincing with her repeated themes, is she?

[pacman7331]

$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.

WTF Coinbase ?!

They want some paper money!

[Last of the V8s]

https://bitcointalk.org/index.php?action=merit;stats=topsendat
number 77 yay
but none left
must make cogent posts
seems unlikely
thusly and therefore


hodl

[TERA2]

coinbase arb gap to the moon

[HairyMaclairy]

coinbase arb gap to the moon

Bitfinex starting to get isolated. You know the jig is up when there is a $2k gap between Coinbase and Bitfinex.  Or when the arb between Bitfinex and Bitstamp collapses.   


USDT at 97.5 cents on Kraken.  Peg under pressure.  George Soros would love this shit.  

[realr0ach]

*Edit - Volume is also lowest it's been for a long time. Down to 11,500BTC over last 24 hours.

Can you not steal people's jobs.  It is Tera's duty to stare at the volume meter.

[Last of the V8s]

[Samarkand]

How high will the BTC/USD price go at Bitfinex when all people will try to buy Bitcoin
in order to get their funds off the exchange? This could provide us with
a crazy BTC/USD price rise (at least temporarily) if this is indeed the end of Bitfinex
and Tether.

I remember that some people floated the theory that parts of the recent Litecoin price
run-up where caused by people, who wanted to withdraw from exchanges in a reasonable
timeframe during the recent Bitcoin network congestion and therefore bought LTC with their funds.
This encouraged new investors, who saw the LTC/USD price gains and piled their funds
into Litecoin, which also increased media coverage, which resulted in even more investors.

This could get really crazy if this is indeed the end of Tether.

Never a dull day in Bitcoin land 

[HairyMaclairy]

That’s the 1BTC question isn’t it. Will Tether FUD create a pump? It looks like it is doing that right now. Except someone has to pay the piper at the end.

The brutal part is, a pump makes it worse due to FOMO out of Tether into crypto. 

[Samarkand]

That’s the 1BTC question isn’t it. Will Tether FUD create a pump?  Even if it does, someone has to pay the piper at the end.

Wouldn´t a removal of bad actors (let´s assume that Tether is indeed a fraudulent operation and not legit
for the sake of argument) from the Bitcoin ecosystem be a good thing for the long-term future of Bitcoin?
If the big nefarious actors (e.g. fraudulent exchanges) are removed from the market this would
increase the likelihood of the approval of things like a Bitcoin ETF or even better news like the inclusion
of Bitcoin into the SDR basket of the IMF.

Besides, this could allow a user like BobLawblaw to retire with a much bigger nest egg
if this pushes Bitcoin above the 25000 $ threshold (or even higher) temporarily.
This of course assumes that other exchanges will still follow the price rise of the BTC/USD trading
pair of Bitfinex to some extent (e.g. due to arbitrage bots).

[HairyMaclairy]

Long term yes it’s good, we need to flush bad actors.  Short term it might sting a bit.

[TERA2]

How high will the BTC/USD price go at Bitfinex when all people will try to buy Bitcoin
in order to get their funds off the exchange? This could provide us with
a crazy BTC/USD price rise (at least temporarily) if this is indeed the end of Bitfinex
and Tether.

I remember that some people floated the theory that parts of the recent Litecoin price
run-up where caused by people, who wanted to withdraw from exchanges in a reasonable
timeframe during the recent Bitcoin network congestion and therefore bought LTC with their funds.
This encouraged new investors, who saw the LTC/USD price gains and piled their funds
into Litecoin, which also increased media coverage, which resulted in even more investors.

This could get really crazy if this is indeed the end of Tether.

Never a dull day in Bitcoin land  

Wouldn't ETH be better than LTC for that? I wonder if that's why ETH is still rising now.

[Samarkand]

...
Wouldn't ETH be better than LTC for that? I wonder if that's why ETH is still rising now.

This was just a rumor that was spread by some people. It was also during the peak of Bitcoin
network congestion with 200k+ unconfirmed transactions. I could be wrong, but I remember that
the Ethereum network had similar problems with congestion during this time due to stuff like CryptoKitties?

I think there is at least a bit of truth to the rumor, because using LTC you could cash out your whole
balance from an exchange for less than 1 $ while Bitcoin confirmation times and transaction fees were through the roof
due to the spam attacks by the nefarious actors from the BCH fan club.

edit: I should clarify that I was talking about a period of time that was a few weeks ago and
not any current price action

[HairyMaclairy]

Bitfinex has a minimum withdrawal of 0.02 BTC meaning you can’t withdraw small amounts in BTC.

[mike4001]

12k still cannot be broken.

Hopefully this happens sometime soon and more importantly we don't crash right back to 10-10,5k after touching 12k+.

On a sidenote: What's up with Ethereum? Rose 10% in the last 5-6 hours.

[Ludwig Von]

Ok I just read the latest article about Tether on Coindesk. I read between the lines that Theter did not want Friemann to dig too deep. That 's it guys, Tether is over and out. Now what will be the consequences?

[FractalUniverse]

Tether is over and out. Now what will be the consequences?

.. Won't believe it until it happens.

[realr0ach]

Everyone affiliated with Bitfinex should be in prison:

Bitfinex is a replica of MtGox

Zerohedge just posted a story in mainstream news about what I've been talking about for years now:

http://www.zerohedge.com/news/2017-08-06/mysterious-trader-nearly-unlimited-bankroll-said-be-manipulating-bitcoin-price

I first wrote about how it appeared Bitfinex had someone with unlimited amounts of money that traded exactly the opposite way of anyone who would be trying to make a profit during the halving/brexit period.  My hypothesis was that Bitfinex owners were trading on their own exchange and got caught on the wrong side of the trade due to Brexit and rendered insolvent, so they then claimed they were "hacked" and lost all the bitcoins.

There's a link to my post and picture/commentary from over a year ago:



http://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened

And another one of my posts from over a year ago right after they came back online:







https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-3-bitfinex-scamming-intensifies-and-more-on-the-silver-and-gold-markets

[Neo_Coin]

Everyone affiliated with Bitfinex should be in prison: