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

[crypmike]

imagine what JJG would get for one of his typical posts at that rate..

lmao 

[Kylapoiss]

Anyone ever been to Sri Lanka? Any suggestions on stuff to do there?

I'm flying there in the end of October for a couple of weeks, too bad I didn't check the weather before buying the tickets, the end of Oct and beginning of Nov are supposedly the rainiest periods, lucky me!

[El duderino_]

 
because all of the BOXING shitposting .... making it a little BTC-related haha    "didn't took long, for these meme's to show up" 

[goldkingcoiner]

If a positive market that is going up is called bull market and a negative market is going down is called bear market, shouldn't a sideways moving market like now be called a "crab market? Things are looking crabbish.

[El duderino_]

Anyone ever been to Sri Lanka? Any suggestions on stuff to do there?

I'm flying there in the end of October for a couple of weeks, too bad I didn't check the weather before buying the tickets, the end of Oct and beginning of Nov are supposedly the rainiest periods, lucky me!

been there 2 years ago.... just enjoyed the very beautyfull nature down there, small river cruising on tiny boats with a local etc .... but the traffic is terriefying.
sick cheap as well there , Very nice country enjoy it.

[bitserve]

(not as much thankful as QA though... I'm poor.)

 

Bitserve is not having a very good weekend.  First, he gets hit in the balls by the diverted micpeep weekend pump, and then "this" timing situation.

Woke up and went to check if the crazy bot on Bitstamp had executed some of my ridiculous limit orders I usually leave hanging.... It turns out I had none in that range/pairs anymore. Definitely a meh weekend crypto wise.

Crazy fun in the wedding though, so everything is good  

Now drinking some beer to fully recover from it.

[criptix]

Tether bankrupt?

See you guys at 1k? 

[bitserve]

Tether bankrupt?

See you guys at 1k? 

Wut??

[kirreev070]

 
because all of the BOXING shitposting .... making it a little BTC-related haha   "didn't took long, for these meme's to show up"  

https://twitter.com/cryptochrisw/status/1048743567852802048?s=21

[El duderino_]

^

 

[El duderino_]

Very interesting metric from http://coinmarketbook.cc

So coins like XRP (77), BCH (69) and XLM (79) have very little liquidity (less than 0.3% of market cap). Whereas something like ETH (2) has 20%. BTC is overwhelmingly the most liquid with 1380% of market cap ready to buy.

https://twitter.com/jimmysong/status/1048954035951345666

[HI-TEC99]

Tether bankrupt?

See you guys at 1k?  

Wut??

I doubt it's bankrupt. Bitfinex and tether just switched from using Puerto Rico’s Noble Bank International to using the HSBC and ING banks.

It's Puerto Rico’s Noble Bank International that's searching for a buyer after losing Bitfinex and tether as clients.

The HSBC and Dutch ING banks are better banks to do business with.

[bitserve]

Very interesting metric from http://coinmarketbook.cc

So coins like XRP (77), BCH (69) and XLM (79) have very little liquidity (less than 0.3% of market cap). Whereas something like ETH (2) has 20%. BTC is overwhelmingly the most liquid with 1380% of market cap ready to buy.

https://twitter.com/jimmysong/status/1048954035951345666

Something must be wrong in that calculation. In particular, the figure of 1.6 trillion USD on the bid side seems bogus. It just doesn't make any sense.

Also why only 19 markets for BTC when it is, without doubt, the most traded crypto?

No, really, that data have been completely fabricated without ANY criteria.

[Kylapoiss]

Anyone ever been to Sri Lanka? Any suggestions on stuff to do there?

I'm flying there in the end of October for a couple of weeks, too bad I didn't check the weather before buying the tickets, the end of Oct and beginning of Nov are supposedly the rainiest periods, lucky me!

been there 2 years ago.... just enjoyed the very beautyfull nature down there, small river cruising on tiny boats with a local etc .... but the traffic is terriefying.
sick cheap as well there , Very nice country enjoy it.

Thanks for the reply. The beaches will be the main focus, batteries need to be recharged badly

Wonder if I can rent a bigger bike there (650cc+)?

[bitserve]

Tether bankrupt?

See you guys at 1k?  

Wut??

I doubt it's bankrupt. Bitfinex and tether just switched from using Puerto Rico’s Noble Bank International to using the HSBC and ING banks.

It's Puerto Rico’s Noble Bank International that's searching for a buyer after losing Bitfinex and tether as clients.

The HSBC and Dutch ING banks are better banks to do business with.

That makes sense. IF Tether really had almost three billions liquid in bank accounts and then they are moved to a different bank... There's not much banks that could take a liquidity hit like that.... no fucking way.

P.S.: In fact... No, I don't believe any single entity has 3 billion USD in liquid deposits in a single bank. Maybe I am wrong... If so, could anyone please correct me with an example of that instance?

[El duderino_]

Anyone ever been to Sri Lanka? Any suggestions on stuff to do there?

I'm flying there in the end of October for a couple of weeks, too bad I didn't check the weather before buying the tickets, the end of Oct and beginning of Nov are supposedly the rainiest periods, lucky me!

been there 2 years ago.... just enjoyed the very beautyfull nature down there, small river cruising on tiny boats with a local etc .... but the traffic is terriefying.
sick cheap as well there , Very nice country enjoy it.

Thanks for the reply. The beaches will be the main focus, batteries need to be recharged badly

Wonder if I can rent a bigger bike there (650cc+)?

probably you will ....

[kurious]

That makes sense. IF Tether really had almost three billions liquid in bank accounts and then they are moved to a different bank... There's not much banks that could take a liquidity hit like that.... no fucking way.

P.S.: In fact... No, I don't believe any single entity has 3 billion USD in liquid deposits in a single bank. Maybe I am wrong... If so, could anyone please correct me with an example of that instance?

Apple have around $285 billion in cash reserves.  I doubt it's hidden under a mattress.

edit: some of its cash is in 'near cash' securities, such as bonds - but it is planning to make something like $38 billion in tax payments soon, so it much have a few bucks in cash (and in banks) just for that.

[HI-TEC99]

Tether bankrupt?

See you guys at 1k?  

Wut??

I doubt it's bankrupt. Bitfinex and tether just switched from using Puerto Rico’s Noble Bank International to using the HSBC and ING banks.

It's Puerto Rico’s Noble Bank International that's searching for a buyer after losing Bitfinex and tether as clients.

The HSBC and Dutch ING banks are better banks to do business with.

That makes sense. IF Tether really had almost three billions liquid in bank accounts and then they are moved to a different bank... There's not much banks that could take a liquidity hit like that.... no fucking way.

P.S.: In fact... No, I don't believe any single entity has 3 billion USD in liquid deposits in a single bank. Maybe I am wrong... If so, could anyone please correct me with an example of that instance?

Wells Fargo must think 3 billion USD in liquid deposits is small change. The Fed stopped Wells expanding its deposits beyond $2tn without permission. It's having to reduce its $150bn pool of deposits from financial institutions and its $180bn portfolio of trading and short-term assets as a result.



https://www.ft.com/content/4cb3250c-0936-11e8-839d-41ca06376bf2

Wells Fargo is expected to turn away billions of dollars of deposits as the US bank grapples with the effects of an asset freeze imposed by the Federal Reserve after years of wrongdoing.

In the first punishment of its kind, the Fed has prevented Wells from expanding its overall balance sheet — the third biggest in the country — beyond $2tn without prior regulatory approval.

The bank said it was likely to scale back a $180bn portfolio of trading and short-term assets, and also reduce a $150bn pool of deposits from financial institutions.

[jojo69]

https://mobile.twitter.com/buzzman888/status/1048328614775853056
https://mobile.twitter.com/CRTV/status/1048285158896521216
  dems odd

does seem odd in a relatively quiet environment like that

It is a tactic developed for communication in crowds without bullhorns or other amplification. 

It seems way less creepy when the scene is a loud ass riot and someone is trying to communicate what the cops are doing a block over.

[El duderino_]

I guess the bitcoiner population is increasing with Malta's business friendly crypto regulation