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

[Rosewater Foundation]

There was a sports show? I must have missed it.

You didn't miss much. 22 dudes one ball.

[JayJuanGee]

Wtf it is 8100 right now what is happening there?

WEX currently has 20% withdrawal fees on USD and EUR, after they removed a few offramps. It was normal until last week, then slowly went to 9%, then 15%, then 20% today.

Notice that as withdrawal fees approach 100%, everything will moon. May or may not be a wexit scam after the exchange may or may not have been sold.

so many new exchanges have popped up... there will be a big elimination coming... trust the old ones, those who never been hacked and let the suckers do the debugging and join the quest for the best DEX.

What are you saying, exactly here? 

WEX is a rebranding of BTC-e, so of course, they have a long history, and surely their last episode was a bit of a shocker with the US Government getting into their system and seizing some of their assets (but seemingly not the crypto)... WEX already had a really decent opportunity to perform an exit scam... so, it seems doubtful that they would do an exit scam...

Of course, some WEX skeptics would assert that they are just engaged in ongoing milking of their customers, and the exit scam will come at some later point, when there is no more customer funds to milk.  Perhaps, perhaps, perhaps?

wtf I am saying?

I don't understand why you feel some kind of need to go on the offensive, over my attempt to interact with you on the above points?  And, apparently from your response, you were working under a false premise to conclude that WEX was some kind of exchange newbie, which it is certainly far from such, because it is a rebranding by seeming necessity.

is that simple?

This could be the answer... When you attempt to oversimplify, then you miss nuances, and come to very likely to be wrong conclusions. ... and if you end up being correct, your correctness becomes a product of chance rather than the strength of your reasoning and/or factual support.

new untested unproven centralized high fees exchange are spring like mushroom in fall and that most will be "hacked"...

Why do you need to say this, when the premise is NOT true, when it comes to WEX?

There could be reasons that WEX does an exit scam, but it is not for the reason that they are new, inexperienced and/or unproven.

By the way, most exchanges, so far have a decently sized centralized component to them.  Surely there are some attempts and aspirations towards decentralized exchanges, but those are far from playing any significant role in the world of crypto exchanges in the near future.  So, yeah,  there is nothing new here, and exchanges have been a weak point in bitcoin history from the beginning - or at least MT GOX in 2010  - and likely today, we could assert that exchanges have become more accountable and responsible in the most recent years, even though they continue to constitute a considerable amount of ongoing centralized (third-party) risk.

I didn't knew that BTC-e was now WEX, thanks for sharing, but what difference does it makes?

It makes a difference because it seems that the essence of your earlier argument was that they were new and did not have a track record.

apprently some posters reported that now it's 20% to retrieve your fiat...

Yes, this explanation about changes to the withdrawal fees does seem to provide a decent explanation regarding what is happening at WEX.. and sure, it could show that there is some kind of run on the bank concerns that WEX is having.. but it does not necessarily mean that they are going to perform an exit scam.  I will grant that the 20% withdrawal of fiat fees is suspicious, and probably has a snowballing effect that decreases the credibility of WEX.

[savetherainforest]

I'm here!!! Pwmp is ready!!! ... Where is rocket?? ... I have come for "the rockets" !    


I can smell the rocket fuel in the air... And btw... u ppl have too much "hope"! ... There is no more hope when there are smart contracts for hired guns!   

[Tyr808]

ETF coming on 10th August. Very good for the price short term.

[JayJuanGee]

At Wex (formerly BTC-E) BTC price touched $9,000 totday. Someone recognising true potential?

Wtf it is 8100 right now what is happening there?

Something is brewing alright. Tether at one stage over 50% almost touching $1.8 today
Tether markets
https://coinmarketcap.com/currencies/tether/#markets

WEX seems to have tether on there trading pairs, but does not use Tether to represent USD trading pairs, right?

Actually, I may have found an answer to my own question, and WEX seems to be differentiating tether from USD, and that could be part of the explanation for their price differentiation, and maybe their withdrawal fees for USD is a product of the USD/USDT trading pairs?

[rolling]

ETF coming on 10th August. Very good for the price short term.

I predict a huge pump incoming and a dump on 10 Aug regardless of the decision

[Gyrsur]

https://forkdrop.io

greed w/o borders.

https://youtu.be/5Fu_eBNeL-8?t=1m17s

[Last of the V8s]

https://defdist.org/

don't do this

[Elwar]

https://defdist.org/

don't do this

Umm...you can download the files used to 3D print a gun...

[Elwar]

Wtf it is 8100 right now what is happening there?

WEX currently has 20% withdrawal fees on USD and EUR, after they removed a few offramps. It was normal until last week, then slowly went to 9%, then 15%, then 20% today.

Notice that as withdrawal fees approach 100%, everything will moon. May or may not be a wexit scam after the exchange may or may not have been sold.

so many new exchanges have popped up... there will be a big elimination coming... trust the old ones, those who never been hacked and let the suckers do the debugging and join the quest for the best DEX.

What are you saying, exactly here?  

WEX is a rebranding of BTC-e, so of course, they have a long history, and surely their last episode was a bit of a shocker with the US Government getting into their system and seizing some of their assets (but seemingly not the crypto)... WEX already had a really decent opportunity to perform an exit scam... so, it seems doubtful that they would do an exit scam...

Of course, some WEX skeptics would assert that they are just engaged in ongoing milking of their customers, and the exit scam will come at some later point, when there is no more customer funds to milk.  Perhaps, perhaps, perhaps?

I have 21,000 NMC on WEX.

I've tried so hard to get them off the exchange but have come to accept that I will never get them back.

[B1tUnl0ck3r]

Wtf it is 8100 right now what is happening there?

WEX currently has 20% withdrawal fees on USD and EUR, after they removed a few offramps. It was normal until last week, then slowly went to 9%, then 15%, then 20% today.

Notice that as withdrawal fees approach 100%, everything will moon. May or may not be a wexit scam after the exchange may or may not have been sold.

so many new exchanges have popped up... there will be a big elimination coming... trust the old ones, those who never been hacked and let the suckers do the debugging and join the quest for the best DEX.

What are you saying, exactly here?  

WEX is a rebranding of BTC-e, so of course, they have a long history, and surely their last episode was a bit of a shocker with the US Government getting into their system and seizing some of their assets (but seemingly not the crypto)... WEX already had a really decent opportunity to perform an exit scam... so, it seems doubtful that they would do an exit scam...

Of course, some WEX skeptics would assert that they are just engaged in ongoing milking of their customers, and the exit scam will come at some later point, when there is no more customer funds to milk.  Perhaps, perhaps, perhaps?

I have 21,000 NMC on WEX.

I've tried so hard to get them off the exchange but have come to accept that I will never get them back.

if they are on an exchange consider account them as lost.

[jojo69]

https://defdist.org/

don't do this

got bad news for you mate

https://www.northeastshooters.com/xen/threads/diy-shovel-ak-photo-tsunami-warning.179192/



also

https://www.thefirearmblog.com/blog/2014/05/22/diy-ar-0-lowers/



0% AR lowers...you going to outlaw aluminum...and shovels?

[B1tUnl0ck3r]

so no one has an idea on what happen at the CME?

tells a lot about the quality of the posters here... it's gonna be fun...

muppets everywhere...



I am curious what alts have been sold to you .

the EOS holders were so cutesy , full of hopes and dreams... .

[RoomBot]

I am curious what alts have been sold to you .

the EOS holders were so cutesy , full of hopes and dreams... .

B-List child actors, meh.  Another crypto disaster.

There is only one Bitcoin and the last bottom is far behind us.

GO, BTC!

[B1tUnl0ck3r]

GO, BTC!

where the moon? beyond?

[Icygreen]

Ground zero check in.
I continue to drop a crypto or bitcoin comment into the public during my show sales when appropriate (usually seen as a joke).  I find it very interesting to track public opinion on the subject.   Compared to 1 year ago, now everyone has heard of cryptocurrency and bitcoin although the majority of the herd still avoid it or make confused comments. There's approximately 5% who will engage openly with interest or share stories of friends who took the leap. 5% is 500% greater than last year's results of this same experiment.  It's pretty clear that the public is aware of cryptocurrency but largely fearful of it.
I'm not sure what short term action we will see but I'm feeling fairly positive that the next big ATH run up will appeal to a much larger audience and one which will be harder to ignore.  Realists, preppers, anti establishment crowds, economists, hedge funders, and the average diversivied investors will likely be the next group to find the value in BTC fundamentals which is probably 3x or more the current community.
Also worth noting, cash in Canada is clearly a planned obsolescence in short order. I now receive less than 20% cash where only 3 years ago it was 50% and 8 years ago it was more than 70%.  I'll be funneling 10% of my yearly net into BTC as long term savings and as a hedge against fiat's crumbling value.

Its funny but not haha funny how people just accept the changes these days.   I still believe BTC IS the peaceful revolution of the people.

[infofront]

However the inability of the left to champion the cause of the working class is really disappointing.  How did the right become the champion of the rural working classes. Something went badly wrong there.  

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only the lifestyle left in America for anyone, anywhere. It was all highbrow and condescending. They figured that this is what all Americans want and need -- it's obvious they want to model American work life after Japan. Disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... in China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.

This is a pretty serious problem and I am concerned about it.  

I am have some small involvement with a project that will put about 300 downtown white collar workers out of work by turning their day jobs into a series of automated workflows.  The components that can’t be done by computer will be done by workers in a low cost center in a regional city.  It won’t be offshored because the quality of the work product would be too low.  

From there it’s a race between developing world workers and the computers as to who will get their standards of quality high enough to subsequently replace the local workers.  But the computers are going to win.  You can see this with Foxconn dumping Chinese laborers for robots.

Automation is going to kill third world workers jobs even harder than it kills domestic jobs because, generally speaking, education standards are still lower on average in the developing world than in the West.  (Their best are as good as our best but that’s an aside).

The Democrats are right in that anyone without a decent education and the ability to be highly agile in their role is fucked.  I don’t know what the Republican solution is - locking up Hispanic children is a distraction.  Trade wars are a distraction, the 300 jobs that area going have nothing to do with China.  And that’s just one smallish  company.  The low cost Chinese workers can’t speak English so they are useless for white collar outsourcing.  

So everyone can whinge about the cost of education, but if your population isn’t educated, it’s not going to be competitive and it’s going to drag down your economy.

The third world won't be hit as hard or as quickly. Labor is ludicrously cheap in the third world.
My wife just mentioned that her nephew in the Philippines makes $10/week for stacking heavy sacks of rice 60 hours per week. There's no way you can get any kind of automation that cheap. In fact, when I visited the Philippines, I noticed the residential construction crews generally don't use power tools. It's cheaper to pay someone to saw all the wood by hand than to buy a circular saw.

[Anon136]

https://www.youtube.com/watch?v=7lmNpMSPu0k

This guys content is amazing! I wonder why he has so few views. THIS IS HUGE

Also who remembers this gem from 2013? Nobody Understands Bitcoins

[Tyr808]

It has become apparent that mainstream is pressing everyone to think bitcoin -0.18% is going to $3,000
the financial networks have everyone believing that $3,000 is where to buy
what do you think the expert traders are doing?
do you think they are going to wait for $3,000 to buy in with the rest of everyone else who gets their info from the boob tube?
or do you think they are using all this time that we are under $10,000 to stock up?
non-commercial shorting (dumb money) is at record levels.
it is almost comical how many so called experts believe we are heading lower
my lawn guy, the barber, the car wash attendant, whatever.

[mymenace]

However the inability of the left to champion the cause of the working class is really disappointing.  How did the right become the champion of the rural working classes. Something went badly wrong there.  

It's pretty simple really... since the 90's the Democrats were lobbied and co-opted by transnational corporations to outsource all the blue collar jobs overseas, then promote the domestic white collar work life as the only the lifestyle left in America for anyone, anywhere. It was all highbrow and condescending. They figured that this is what all Americans want and need -- it's obvious they want to model American work life after Japan. Disregarding the fact that 80% of Americans are not cut out for a desk job just to sit behind a computer all day. They really just want to work with their hands and actually get something accomplished every day. They want their work life to have meaning, purpose, and lasting legacy.

Just go to college, earn your degree, and you'll be just fine they said. Get a white collar career and earn a great salary they said. Get married, buy a nice house, put your kids through college they said. Retire wealthy, they said.

Yeah, well that's all fine and good while the American economy is going strong and consumerism is rampant (70% of GDP!).... until a financial crisis comes, and then they start outsourcing all the white collar jobs that are left in America as well. That is actually happening right now... in China, white collar jobs are booming for the exact same work that the former American desk jockeys used to do before they got downsized (translation: were too expensive to just go to meetings, do Powerpoints and push Excel spreadsheets around all day) and at a fraction of the cost.

First they gutted the lower middle class (blue collar jobs). Then they gutting the middle- middle class. Now they are gutting the upper middle class (white collar desk jobs). Soon in America there will be nothing left but a few wealthy elites at the top of all the multinational corporations (i.e., Amazon, Google, Apple, etc.), and everyone else working for them but getting paid peanuts (relative to local cost of living, insurance, long term debts, etc.) and barely scraping by.

The Democrats solution to this monster of a problem they created is apparently more govt debt, more corp debt, more handouts, more free services, and perhaps even Universal Basic Income. Socialized by more taxes on the middle class and the poor to pay for it all. It's preposterously stupid and naive to think that this will solve things in the short or long term. It's an attempt to bandaid over the problems instead of solving them. It's a snake eating its own tail.

This is a pretty serious problem and I am concerned about it.  

I am have some small involvement with a project that will put about 300 downtown white collar workers out of work by turning their day jobs into a series of automated workflows.  The components that can’t be done by computer will be done by workers in a low cost center in a regional city.  It won’t be offshored because the quality of the work product would be too low.  

From there it’s a race between developing world workers and the computers as to who will get their standards of quality high enough to subsequently replace the local workers.  But the computers are going to win.  You can see this with Foxconn dumping Chinese laborers for robots.

Automation is going to kill third world workers jobs even harder than it kills domestic jobs because, generally speaking, education standards are still lower on average in the developing world than in the West.  (Their best are as good as our best but that’s an aside).

The Democrats are right in that anyone without a decent education and the ability to be highly agile in their role is fucked.  I don’t know what the Republican solution is - locking up Hispanic children is a distraction.  Trade wars are a distraction, the 300 jobs that area going have nothing to do with China.  And that’s just one smallish  company.  The low cost Chinese workers can’t speak English so they are useless for white collar outsourcing.  

So everyone can whinge about the cost of education, but if your population isn’t educated, it’s not going to be competitive and it’s going to drag down your economy.

The third world won't be hit as hard or as quickly. Labor is ludicrously cheap in the third world.
My wife just mentioned that her nephew in the Philippines makes $10/week for stacking heavy sacks of rice 60 hours per week. There's no way you can get any kind of automation that cheap. In fact, when I visited the Philippines, I noticed the residential construction crews generally don't use power tools. It's cheaper to pay someone to saw all the wood by hand than to buy a circular saw.

A lot of I think they call them patriots in America believe it has been corrupt for over 40 years and more


The Storm is upon us
https://www.youtube.com/watch?v=3vw9N96E-aQ


Weird world

i wonder whats going on.