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

[JayJuanGee]

Things looking a bit brighter today and really refreshing to see people already talking about the future $100K party. *THAT* would be *EPIC*.

I’ll supply the cocaine (not going to say if I’m joking or not due to discretion)

I will provide the hookers (not going to say whether I am really going to be there due to fear of receiving a wedgie).

[bitserve]

One Bcash wallet owned by Bitmain with a staggering 440,000 Bcash in it, that bag gets bigger everyday because nobody is buying that shitcoin.

It'd probably be a lot bigger if the largest Bitcoin holders (like the WinkleVii for example) would dump all their remaining BCash, but I imagine that some of them just can't be bothered to jump through the hoops.  

How do we know that Winklvii and some of the other BIG ones have not dumped their Bcash?

Well I guess we don't know that, it would take some sleuthing to know for sure. The WinkleVii claim to have not sold anything and have all their Bitcoin locked up.

But then with a BCash major dump the question is who would buy it? The BCash float is so tiny and thin right now that it couldn't take a major market dump. Not on the scale of what the Bitcoin market can absorb.

I have heard some of the Windlevii claims, and I just don't buy the parts about the locked up bitcoin.  I believe that they can honestly maintain their claim that they have not spent any of their bitcoin, but still move their bitcoin.  It seems that they did use some of their own bitcoin to collateralize petitions that they were making.

I do agree with your point that there are likely some BIG OG Bcash holders out there that currently could pretty much drive the Bcash market into a pretty low price status, if they were to chose to take such action.  It may be wishful thinking to hope for such, and perhaps we are merely going to witness ongoing Bcash bleeding.. and maybe some here and there attempts at pumps.  Unless we witness some pretty calamitous Bcash price dumping, I don't doubt that there are some businesses that might not be gullible enough to take bcash on as a "cheaper bitcoin," which could cause further pumps.

Maybe I am wrong but I have always presumed that the winklevi had some sort of fund (Gemini?) with a substantial part of their BTC so that when people buy "shares" of it it is, effectively, as if they were "selling" (they trade a share of their BTC for FIAT) but without (directly) affecting the market. That's why they plan to also do a Bcash fund, to make some of their coins liquid without having to directly sell.

[JayJuanGee]

One Bcash wallet owned by Bitmain with a staggering 440,000 Bcash in it, that bag gets bigger everyday because nobody is buying that shitcoin.

It'd probably be a lot bigger if the largest Bitcoin holders (like the WinkleVii for example) would dump all their remaining BCash, but I imagine that some of them just can't be bothered to jump through the hoops.  

How do we know that Winklvii and some of the other BIG ones have not dumped their Bcash?

Well I guess we don't know that, it would take some sleuthing to know for sure. The WinkleVii claim to have not sold anything and have all their Bitcoin locked up.

But then with a BCash major dump the question is who would buy it? The BCash float is so tiny and thin right now that it couldn't take a major market dump. Not on the scale of what the Bitcoin market can absorb.

I have heard some of the Windlevii claims, and I just don't buy the parts about the locked up bitcoin.  I believe that they can honestly maintain their claim that they have not spent any of their bitcoin, but still move their bitcoin.  It seems that they did use some of their own bitcoin to collateralize petitions that they were making.

I do agree with your point that there are likely some BIG OG Bcash holders out there that currently could pretty much drive the Bcash market into a pretty low price status, if they were to chose to take such action.  It may be wishful thinking to hope for such, and perhaps we are merely going to witness ongoing Bcash bleeding.. and maybe some here and there attempts at pumps.  Unless we witness some pretty calamitous Bcash price dumping, I don't doubt that there are some businesses that might not be gullible enough to take bcash on as a "cheaper bitcoin," which could cause further pumps.

with bitcoin's volatility, it is difficult to borrow against it (in Winkelevi case); perhaps they used or will use futures.

I am not saying that they actually borrowed against it, but when they filed their various licensing petitions, whether with the exchange or with the ETF or other business branches that they have, they likely used some or part of their bitcoin stash as a form of collateral to show that they could support some of the business liquidity.

[JayJuanGee]

One Bcash wallet owned by Bitmain with a staggering 440,000 Bcash in it, that bag gets bigger everyday because nobody is buying that shitcoin.

It'd probably be a lot bigger if the largest Bitcoin holders (like the WinkleVii for example) would dump all their remaining BCash, but I imagine that some of them just can't be bothered to jump through the hoops.  

How do we know that Winklvii and some of the other BIG ones have not dumped their Bcash?

Well I guess we don't know that, it would take some sleuthing to know for sure. The WinkleVii claim to have not sold anything and have all their Bitcoin locked up.

But then with a BCash major dump the question is who would buy it? The BCash float is so tiny and thin right now that it couldn't take a major market dump. Not on the scale of what the Bitcoin market can absorb.

I have heard some of the Windlevii claims, and I just don't buy the parts about the locked up bitcoin.  I believe that they can honestly maintain their claim that they have not spent any of their bitcoin, but still move their bitcoin.  It seems that they did use some of their own bitcoin to collateralize petitions that they were making.

I do agree with your point that there are likely some BIG OG Bcash holders out there that currently could pretty much drive the Bcash market into a pretty low price status, if they were to chose to take such action.  It may be wishful thinking to hope for such, and perhaps we are merely going to witness ongoing Bcash bleeding.. and maybe some here and there attempts at pumps.  Unless we witness some pretty calamitous Bcash price dumping, I don't doubt that there are some businesses that might not be gullible enough to take bcash on as a "cheaper bitcoin," which could cause further pumps.

Maybe I am wrong but I have always presumed that the winklevi had some sort of fund (Gemini?) with a substantial part of their BTC so that when people buy "shares" of it it is, effectively, as if they were "selling" (they trade a share of their BTC for FIAT) but without (directly) affecting the market. That's why they plan to also do a Bcash fund, to make some of their coins liquid without having to directly sell.

I think that is something like what I am saying regarding my disbelief about any claims that the winlevii actually have their BTC "locked up"

[conspirosphere.tk]

Or I could just pick up my one bag of filth, go abroad and never return.

That's where an exotic wife comes very handy.

[gentlemand]

That's where an exotic wife comes very handy.

I once went to Antwerp for the weekend and returned two and a half years later. I'm content to live in tents and caves, most of my clothing is older than many of the people on this forum and no one may hear from me for months on end.

I don't think a wifey of any strain would put up with any of that. I think my ideal marriage of convenience would have to be a Filipino sailor as he'll be away for months on end and will take the money and leave me alone. I dunno whether I'm allowed to marry one though. If there's a female sailor then all the better but I'm not fussed. It's pure business.

[Last of the V8s]

[HairyMaclairy]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

[Biodom]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

Genesis Capital in a few months trying to collect those btc back:

https://youtu.be/j4SRsGn14PI?t=1

Good luck collecting, lol
BTW, is there a way to short Genesis capital?

[gentlemand]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

Are these people on drugs? You can't ask for 1 satoshi on this forum in lending with full collateral without someone shitting down your neck with pure derision.

[conspirosphere.tk]

If there's a female sailor then all the better but I'm not fussed. It's pure business.

it's just to get an easy residency -and so a bank account- abroad very easily, possibly even a second passport, for free.
She will understand. She's in just for the free passport too most likely. Just explain the deal straight in advance.

In my case, we were both idiots 30 years ago or so, so it does not apply.

[gembitz]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

Are these people on drugs? You can't ask for 1 satoshi on this forum in lending with full collateral without someone shitting down your neck with pure derision.

what about one merit? +1    hehe

[Ludwig Von]

That's where an exotic wife comes very handy.

I once went to Antwerp for the weekend and returned two and a half years later. I'm content to live in tents and caves, most of my clothing is older than many of the people on this forum and no one may hear from me for months on end.

What time were you in Antwerp?

[infofront]

The thing is I am not specifically against taxes. I am against the inefficient usage they do with our taxes. Taxes are needed, irresponsible spending of public funds absolutely NOT. That's what we should fight against.... but it is a lost battle unfortunately.

Once you accept that someone can extort money from you -for any reason-, there is no limit to your enslavement.
But if you are fine with it, good for you. Me, I opt out, with any means necessary.

• Enslaved by paying 20-30% in income taxes
• Enslaved by spending years in prison

I'll go with option A.

[gentlemand]

What time were you in Antwerp?

Mid 90s. I was physically located there for around 18 hours before wandering off into Europe somewhere. The entire two and a half years there would not have been appetising to me.

I was young and juicy and anything seemed possible in those gilded times, but not in Antwerp. I was whisked away deeper into Europe by some Orthodox Jews to whom I'm partially responsible for feeding some ham.

[Anon136]

The thing is I am not specifically against taxes. I am against the inefficient usage they do with our taxes. Taxes are needed, irresponsible spending of public funds absolutely NOT. That's what we should fight against.... but it is a lost battle unfortunately.

Once you accept that someone can extort money from you -for any reason-, there is no limit to your enslavement.
But if you are fine with it, good for you. Me, I opt out, with any means necessary.

• Enslaved by paying 20-30% in income taxes
• Enslaved by spending years in prison

I'll go with option A.

Everyone has pretty much always lived under a mafia boss. The taxes aren't that bad. The regulations that make it so difficult to achieve success are worse and the immigration policy that erodes our culture and the social fabric is worse even still.

[JayJuanGee]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

You notice the Bitcoin.com stickers in the pictures in the article, and sure bitcoin.com is that the "real bitcoin?" Those fucks.

[infofront]

The thing is I am not specifically against taxes. I am against the inefficient usage they do with our taxes. Taxes are needed, irresponsible spending of public funds absolutely NOT. That's what we should fight against.... but it is a lost battle unfortunately.

Once you accept that someone can extort money from you -for any reason-, there is no limit to your enslavement.
But if you are fine with it, good for you. Me, I opt out, with any means necessary.

• Enslaved by paying 20-30% in income taxes
• Enslaved by spending years in prison

I'll go with option A.

Everyone has pretty much always lived under a mafia boss. The taxes aren't that bad. The regulations that make it so difficult to achieve success are worse and the immigration policy that erodes our culture and the social fabric is worse even still.

I agree. BTW, are you in America? You don't have to answer that.

[Ludwig Von]

What time were you in Antwerp?

Mid 90s. I was physically located there for around 18 hours before wandering off into Europe somewhere. The entire two and a half years there would not have been appetising to me.

I was young and juicy and anything seemed possible in those gilded times, but not in Antwerp. I was whisked away deeper into Europe by some Orthodox Jews to whom I'm partially responsible for feeding some ham.

I am from Antwerp, moved to Ghent in 2015. Always had a good time... . And lol, feeding them ham, good one

[Last of the V8s]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

You notice the Bitcoin.com stickers in the pictures in the article, and sure bitcoin.com is that the "real bitcoin?" Those fucks.

Calm down, son, it's a stock photo.