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Question: Closing BTC Price June 28:
$0 - 0 (0%)
<$7,000 - 0 (0%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 0 (0%)
$8,500-$8,999 - 0 (0%)
$9,000-$9,499 - 0 (0%)
$9,500-$9,999 - 0 (0%)
$10,000-$10,499 - 0 (0%)
$10,500-10,999 - 0 (0%)
$11,000-$11,499 - 0 (0%)
$11,500-$12,000 - 0 (0%)
>$12,000 - 0 (0%)
>$20,000 - 0 (0%)
Total Voters: 0

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21230079 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (66 posts by 16 users deleted.)
crypmike
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October 15, 2018, 06:34:03 PM

Fidelity, the $2.5 trillion Wall Street giant, is launching a brand new institutional brokerage and custody business for crypto

https://theblockcrypto.com/2018/10/15/fidelity-the-2-5-trillion-wall-street-giant-is-launching-a-brand-new-institutional-brokerage-and-custody-business-for-crypto/

...

Okay, this is very bullish.


I can even imagine if the morning pump was a result of insiders information about Fidelity, not this bullshit about USDT delisting from Binance
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cAPSLOCK
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UNLEASH THE FURY!


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October 15, 2018, 06:36:04 PM

Above 7k and I will have powder in my nose.

Above $7k USD and I might consider having sex again...

Depression is really setting in.

* BobLawblaw cracks open beer number four

You gotta set your sights a little longer. (Beer counting should done in a 28 day cycle)  Cheesy

At the end does he have his "beriod"?

Is what he's experiencing now just some "BMS"?
micgoossens
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When 10K Lets HAT up!!!!!


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October 15, 2018, 06:36:15 PM

Above 7k and I will have powder in my nose.

Above $7k USD and I might consider having sex again...

Depression is really setting in.

* BobLawblaw cracks open beer number four

lol Roll Eyes

Happy its week and 5 straight days of detox, cause last week was way too strong.....
my body was Total rekt on sunday, recovery is slower, so NO alcohols on the weekly anymore (only on occasions)

When i think a BULL is on the lose, and after 2-3 silly days of midget pumping...... to Then see 1 fat red bar to the Bartpattern starting formation ...... YEAH THOSE DAYS A wodka/gin/white russsia all looks delicious

jonoiv
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🐺Dogs for President🐺


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October 15, 2018, 06:45:22 PM

4. There are some well researched articles showing that the Bitfinex/USD Tether operation has essentially been responsible for the ENTIRE price rise in bitcoin right from $180 to where we are today


Having said that they do claim to have proven the funds and even if tether is worth 0, it still only accounts for only 2.1% of the total market cap of bitcoin, so appart from the FUD value, it's relitivly meaningless.

I don't understand why people continue to make this argument as if it's significant.

2% of bitcoin's marketcap is HUGE and easily enough to control the entire market, since only a tiny proportion bitcoin's supply is ever to be found on orderbooks. The significant ratio is not Tether Marketcap/Bitcoin marketcap but Tether Marketcap/Bitcoin Orderbook size.

Anyway, it doesn't matter. Just the fact that there's an arbitrarily controlled counterfeit money supply that requires no backing, is supported by the biggest exchanges, and is created at will by a private entity in the Cayman Islands is easily enough to scam the entire industry and implode the market if and when it goes tits up.

Here in fact is the "MT Gox" effect right in front of our faces:




Your fear is well founded.

But Bitcoin is stronger and more important than Tether.  Tether going tits up as you say would have a significant negative impact.  But I think it would be less than the impact of Gox in the past.

Bitfinex and their USDT should be shaking in their boots with Fidelity, Bakkt etc coming on board.  The tiddlywinks days of shady exchanges and monopoly money are coming to and end.

With fireworks?  Maybe.  But it might not matter in the end.  The things that are coming will dwarf all this in the end.

They don't control 2%, the tether users hold the 2%.

like on 22nd April 2017 when tether hit 92 cents, as the volume for bitcoin buys increased and the price went from 1.3k to 20k.

What makes you think that the liquidity problems aren't happening on other non-tether exchanges?  

Not saying it's a good situation, but i am saying people like to feed the fear, especially on this thread.



 
HairyMaclairy
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October 15, 2018, 07:02:42 PM

like on 22nd April 2017 when tether hit 92 cents, as the volume for bitcoin buys increased and the price went from 1.3k to 20k

This.   

A run on Bitfinex could, in theory, push the Bitcoin price on Bitfinex over $40k and break $20k on all other exchanges if Bitfinex didn’t halt trading.  I think they would stop trading long before that happened but this shit can get out of control real quick if you aren’t careful.
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October 15, 2018, 07:05:14 PM


This article requires registration. Any summary available?
Last of the V8s
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Be a bank.


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October 15, 2018, 07:08:49 PM
Merited by goldkingcoiner (1)

https://archive.is/EkMCD + https://www.youtube.com/watch?v=gjI_ut6TP4g
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October 15, 2018, 07:09:40 PM


Google: "michelle mone steve wozniak", then hit the pictorial summary that appears. Seems you can get in that way without a registration.
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Be a bank.


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October 15, 2018, 07:20:12 PM

https://bitcoinist.com/new-yale-study-every-portfolio-must-include-at-least-6-bitcoin/
http://www.nber.org/papers/w24877.pdf
someone crib this pls^?
mfort312
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October 15, 2018, 07:22:39 PM
Last edit: October 15, 2018, 07:36:51 PM by mfort312
Merited by JayJuanGee (1), infofront (1)

Fidelity, the $2.5 trillion Wall Street giant, is launching a brand new institutional brokerage and custody business for crypto

https://theblockcrypto.com/2018/10/15/fidelity-the-2-5-trillion-wall-street-giant-is-launching-a-brand-new-institutional-brokerage-and-custody-business-for-crypto/

Fidelity Launches Institutional Platform For Bitcoin And Ethereum

https://www.forbes.com/sites/michaeldelcastillo/2018/10/15/fidelity-launches-institutional-platform-for-bitcoin-and-ethereum/#5319f43f93c4

Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies

https://www.cnbc.com/2018/10/15/fidelity-launches-trade-execution-and-custody-for-cryptocurrencies.html

Quote
Fidelity Investments, which administers more than $7.2 trillion in client assets, announced a new and separate company called Fidelity Digital Asset Services Monday.

Okay, this is very bullish.

Who needs a stinking ETF once the big boys come to town?

Can you imagine if this announcement had come a year ago? The bull run might never have stopped.

Fidelity has been visionary in the crypto space since early on; it's been more than a year since linked Coinbase balances starting showing up in Fidelity accounts.

As it is, news like this is hardly a fart in the wind these days.

It's amazing how institutionally mainstream Bitcoin is becoming right below our noses, and yet the masses still sleep, butt-hurt as ever for perhaps buying the peak and selling too soon (probably to the very institutions they distrusted in the first place).

Fidelity is a privately held company. They don't answer to no stinkin' shareholders or quarterly reports. They are out to conquer Millennial investors, and embracing crypto may launch them well past their competitors into the future.

This is who you have to thank, boys: Abby Johnson, chair and CEO of Fidelity. Bitcoin may largely be a man's world, but we owe a lot of respect to the Abby Johnsons, Elizabeth Starks, and Hester Peirces of the world. They actually get shit done when and where it matters. Fuck you, Jamie Dimon.



One-on-one with Abby Johnson, Fidelity's ultra-private president
http://fortune.com/2014/06/02/one-on-one-with-fidelitys-ultra-private-president/

Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies (1 year ago)
https://techcrunch.com/2017/09/28/fidelity-ceo-abigail-johnson-says-the-company-is-mining-cryptocurrencies/

Fidelity CEO Talks 'Love' For Bitcoin, Why Blockchain Will 'Change' Markets (1.5 years ago)
https://www.coindesk.com/fidelity-ceo-talks-love-bitcoin-blockchain-will-change-markets/
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October 15, 2018, 07:24:33 PM

HairyMaclairy
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October 15, 2018, 07:52:14 PM

Let's reflect on what happened today.

  • There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
  • Fidelity has announced various institutional Bitcoin services
  • Legacy markets are unstable, with another financial crisis expected "soon"

What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?



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October 15, 2018, 07:53:52 PM

4. There are some well researched articles showing that the Bitfinex/USD Tether operation has essentially been responsible for the ENTIRE price rise in bitcoin right from $180 to where we are today

Yeah right. Even if you believe that Willy Bot was ENTIRELY responsible for the $1160 bubble, it had to buy 1M bitcoins. How many bitcoins has Tether bought even if you believe that not a single cent backs it? Yet it is responsible for an even greater relative increase? I'm no fan of Tether, but that sounds like "well-researched", class-A bullshit.
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October 15, 2018, 07:58:48 PM

Let's reflect on what happened today.

  • There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
  • Fidelity has announced various institutional Bitcoin services
  • Legacy markets are unstable, with another financial crisis expected "soon"

What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?


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yes


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October 15, 2018, 07:59:44 PM

Meanwhile, the BFX BTC tether (mini) bubble is slowly deflating. Bitstamp parity soon again?
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October 15, 2018, 08:04:57 PM

Let's reflect on what happened today.

  • There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
  • Fidelity has announced various institutional Bitcoin services
  • Legacy markets are unstable, with another financial crisis expected "soon"

What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?



If they can time to develop a mechanism for the transfer of a large amount of money, then Bitcoin can go to Mars or bitcoin will be a safe haven for saving money.
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Be a bank.


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October 15, 2018, 08:05:26 PM

Let's reflect on what happened today.

  • There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
  • Fidelity has announced various institutional Bitcoin services
  • Legacy markets are unstable, with another financial crisis expected "soon"

What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?
bitcoin takes over
socialism utterly ruined
you eat your hat
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October 15, 2018, 08:06:04 PM

If they can time to develop a mechanism for the transfer of a large amount of money, then Bitcoin can go to Mars or bitcoin will be a safe haven for saving money.

You can move a billion dollars with a telegraphic transfer in a couple of hours.

you eat your hat

GHC.  Global Hat Crisis.
micgoossens
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When 10K Lets HAT up!!!!!


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October 15, 2018, 08:20:56 PM

Let's reflect on what happened today.

  • There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
  • Fidelity has announced various institutional Bitcoin services
  • Legacy markets are unstable, with another financial crisis expected "soon"

What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?





MOON ??
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October 15, 2018, 08:28:27 PM
Merited by micgoossens (1)

Let's reflect on what happened today.

  • There was the start of a run on Bitfinex, which triggered a pump on Bitcoin
  • Fidelity has announced various institutional Bitcoin services
  • Legacy markets are unstable, with another financial crisis expected "soon"

What happens when the next financial crisis hits, and a proportion of the world's financial institutions all try to run on the banks into Bitcoin?





MOON ??

Hyperbitcoinization: https://nakamotoinstitute.org/mempool/hyperbitcoinization/
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