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

[JayJuanGee]

Biggest Dow drop in years today. But Crypto is dead.

https://twitter.com/StephenKing/status/959565970644889601

Lol

Oh my!!!!!


The Torque-method.  An alliance.   

[bones261]

I wonder if it is good news that Finex/Tether has not printed any Tethers since the 23rd of January.

They need to buy real dollars to show to the coming audit. Only when they have the truck loaded and the audit done that they will print more.

I hope they print 10x more, just to watch r0ach post a dozen of walltexts about ponzi schemes, silver, jews, women, etc.

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.

[fabiorem]

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.

The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.

[Rosewater Foundation]

So, who sold at the bottom? Bear trap is over and according to masterluc we're in the beginning of the 4th wave. From this point we're going UP!

it's not over until rosewater and I are passed out in a pool of broken glass, tears, and our own vomit

does that happen often?

Naw, we cool.

[PoolMinor]

https://modernconsensus.com/2018/02/02/circle-set-acquire-poloniex/
By Ken Kurson, February 2, 2018
Ken Kurson, founder of Modern Consensus, is on the board of directors of Ripple.

Apparently the above is false information.
https://twitter.com/AriDavidPaul/status/959598411954651136

[jojo69]

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.

The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.

the timing is actually important...they need to back before creating

[Searing]

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.

The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.

the timing is actually important...they need to back before creating

yeah, what I was thinking is IF they are selling BTC to pay for Tether to cook the books...I"m not even sure if that is 'illegal' as long as you make up the difference on your claim that you

back btc with usd to backstop the tether ..better late than never ..as such...

thus..this dump could make a lot of sense if tether folk are playing 'catch up' at our expense with the price dump

(that sounds too simple to be correct...just tossing it out there)

[bones261]

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.

The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.

the timing is actually important...they need to back before creating

Perhaps they can explain to the auditors that depositing dollars with Bitfinex/Tether.io is equivalent to depositing it into a black hole. After it passes through the event horizon, time becomes totally irrelevant.

[gentlemand]

I think if we were given a complete rundown of what Bitfinex have been up to behind the scenes over the years we would put our knickers on our heads and run screaming into the sea. I have no doubt they are 100% amoral.

[fabiorem]

the timing is actually important...they need to back before creating

Can you deposit and withdraw fiat in Bitfinex? I thought you had to buy tether first, because they had bank problems... I dont use that exchange.

If the institution that control tether dont have all the money they supposedly have, and have been accumulating bitcoin over time, they might be dumping it in other exchanges for real dollar, to back the tether. Maybe this is causing the price to go down, as they need to sell quick. And they can fake those books, if the time is required.

But this is just conjecture, we will never know the extent of it. One thing we know is this tether business is very fishy. If they have been pumping the price artificially all this time, they might be dumping it, and if this is true, it can create a signal for shortings in the future... every time some regulator talks about auditing Bitfinex, we will have a bear signal. This, of course, if everything ends well for all sides. Because in most cases, it dont.

[Ibian]

I think if we were given a complete rundown of what Bitfinex have been up to behind the scenes over the years we would put our knickers on our heads and run screaming into the sea. I have no doubt they are 100% amoral.

They literally stole from their customers.

[HairyMaclairy]

I think if we were given a complete rundown of what Bitfinex have been up to behind the scenes over the years we would put our knickers on our heads and run screaming into the sea. I have no doubt they are 100% amoral.

I did that yesterday but it didn’t have anything to do with bitcoin. 

[josephpogi]

CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000
https://cointelegraph.com/news/cnbcs-ran-neuner-says-bitcoin-will-end-2018-at-50000

What do you think guys?

[degxtra1]

I hope they print 10x more, just to watch r0ach post a dozen of walltexts about ponzi schemes, silver, jews, women, etc.

let roach have this few breaths before next pump, honestly, he deserves this.
Can you imagine this forum without him?  

btw - what happened to lambchop or so, i don't remember his nickname? he was  productive like rr too.

[gentlemand]

CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000
https://cointelegraph.com/news/cnbcs-ran-neuner-says-bitcoin-will-end-2018-at-50000

What do you think guys?

I think this is good because it's higher than the present price.

[rafanadal]

CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000
https://cointelegraph.com/news/cnbcs-ran-neuner-says-bitcoin-will-end-2018-at-50000

What do you think guys?

why would a slow as shit fake currency that doesn't even work as a currency be worth that much ?
people need to use their brain.

[HairyMaclairy]

CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000
https://cointelegraph.com/news/cnbcs-ran-neuner-says-bitcoin-will-end-2018-at-50000

What do you think guys?

It’s only 2.5x ATH. You would think LN being fully operational would be a precondition.   

[Rosewater Foundation]

I ran a neuner yesterday. But it didn’t have anything to do with bitcoin.

[infofront]

Everyone needs to relax. Business as usual.

[bitcoin_is_here_to_stay_2]

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.

The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.

the timing is actually important...they need to back before creating

yeah, what I was thinking is IF they are selling BTC to pay for Tether to cook the books...I"m not even sure if that is 'illegal' as long as you make up the difference on your claim that you

back btc with usd to backstop the tether ..better late than never ..as such...

thus..this dump could make a lot of sense if tether folk are playing 'catch up' at our expense with the price dump

(that sounds too simple to be correct...just tossing it out there)

I'm not a fun of Finex, but I think there is nothing wrong with tethers currently for the simple reason: arbitrage. If people would have substantial difficulties with withdrawing fiat from Finex, they price will reflect it. Like late Mt. Gox, when BTC price run up as the only way to withdraw funds. Or BTCe, where prices where always lower, since that exchange was mainly used for cashing BTC, not buying.