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

[Hueristic]

Does this help?

Now you are just making a spectacle of yourself.  

RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!

[1713538079]

1713538079

[1713538079]

1713538079

[PoolMinor]

Does this help?

Now you are just making a spectacle of yourself.  

RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!

SOMA?

Self-Oscillating Mixer Array?

https://acronyms.thefreedictionary.com/SOMA

[bitserve]

Looks like I arrive in time for the dump.

Anyways...

About the Bitfinex request for (impossible) information, I repeat it is NOT ME who received it. That doesn't change the fact that those are some risks out there.

I, for one, understand that exchanges need to enforce KYC/AML. It is not that they want, it is that they need to do it if they want to stay in business. And we do want them to stay in business.... as we would need the news of any major exchange being shutdown for "money laundering" as much as we do need a shot in the head.

It is some of the particular data they are asking what really worries me. When you start requesting more data than even myself do exactly know or could provide detailed proof is when things start to get shaddy. Or when you request documents (such as an official translated/notarised) document that costs money IF it would be possible to get....

And that thing that you can't blend watermarks (date and logo of the intended recipient) as I used to do in the past, when that adds security for everyone involved:

- I know the identikit I am sending them won't be able to get used at another place if they have some leak.

- They know the identikit they are receiving doesn't come from another place that had some leak.

- If a place have some leak, it will be quickly determined the origin of the leak.

... To be honest I have also had problems with banks for adding watermarks.... which still sucks for the very same reasons.

The thing is.... IF Bitcoin keeps growing expect much more regulation and controls to be growing along. Some will be good for us, but some will be a fucking pain in the ass. If someone thinks Bitcoin will be allowed to grow while staying below the radar and controls he is delusional. Sorry for being the messenger of bad news guys.

[Hueristic]

SOMA?

Self-Oscillating Mixer Array?

https://acronyms.thefreedictionary.com/SOMA

No, it's a much tighter algorithm than that!

It's closer to this.

Looks like I arrive in time for the dump.

[PoolMinor]

RotflmFao.

The Potheads will bring us back to 4200 and that is SOMA!

SOMA?

Self-Oscillating Mixer Array?

https://acronyms.thefreedictionary.com/SOMA

No, it's a much tighter algorithm than that!

It's closer to this.

Looks like I arrive in time for the dump.

Smoking Outstanding Marijuana, Aye!

[criptix]

It looks like a head and shoulders on the 1 h chart mhm

[bitserve]

About why we do use exchanges instead of other gateways:

- Localbitcoins: It has way higher fees, you need to deal with potential scammers (yeah, higher potential than exchanges), it's cumbersome, and you risk being accused of illicit activities (ie: unlicensed money transmitter).

- Bitcoin ATM's: Again higher fees than exchanges. Low amount limits. Also KYC/AML for higher amounts.

- Also some of us do like to trade real time. That's only possible to do with exchanges. If you don't, ok, this doesn't apply to you but all the rest do.

- To buy/sell other alt/shitcoins? Yeah, again, some of us do in spite if that is a good or bad idea, that's not the point.

- Also, I have a nice trace of documents proving all my transfers from the banks to the exchanges to buy Bitcoin. That might come handy some day. More so if the day comes where I withdraw a big FIAT amount back to the very same banks.

ANd yeah, not your keys not your bitcoins.... most of my BTC is under my sole control, but I do accept some small amount to be temporarily controlled by a third party (exchanges) under an OUI because of the above reasons. Call it convenience. That amount is proportionally smaller (in BTC) as the time pass. I feel reasonably (not fully) comfortable with my current ratio.

[PoolMinor]

It looks like a head and shoulders on the 1 h chart mhm

Looking like a 2 heads and a left shoulder to me.

[goldkingcoiner]

Looks like I arrive in time for the dump.

Anyways...

About the Bitfinex request for (impossible) information, I repeat it is NOT ME who received it. That doesn't change the fact that those are some risks out there.

I, for one, understand that exchanges need to enforce KYC/AML. It is not that they want, it is that they need to do it if they want to stay in business. And we do want them to stay in business.... as we would need the news of any major exchange being shutdown for "money laundering" as much as we do need a shot in the head.

It is some of the particular data they are asking what really worries me. When you start requesting more data than even myself do exactly know or could provide detailed proof is when things start to get shaddy. Or when you request documents (such as an official translated/notarised) document that costs money IF it would be possible to get....

And that thing that you can't blend watermarks (date and logo of the intended recipient) as I used to do in the past, when that adds security for everyone involved:

- I know the identikit I am sending them won't be able to get used at another place if they have some leak.

- They know the identikit they are receiving doesn't come from another place that had some leak.

- If a place have some leak, it will be quickly determined the origin of the leak.

... To be honest I have also had problems with banks for adding watermarks.... which still sucks for the very same reasons.

The thing is.... IF Bitcoin keeps growing expect much more regulation and controls to be growing along. Some will be good for us, but some will be a fucking pain in the ass. If someone thinks Bitcoin will be allowed to grow while staying below the radar and controls he is delusional. Sorry for being the messenger of bad news guys.

They never do these AMLs in the beginning. Its always when you are about to withdraw or deposit a large amount.

And they have the balls to temporarily halt everything until it is finished...

Every additional day they hold your funds with them, the more they can earn from those funds. Your funds don’t sit in an account idle, your funds are in an omnibus account which earns interest. This interest doesn’t come to you, it goes to their exchange and is a revenue generating mechanism. For delayed payments, it would be prudent to send them an interest claim legal notice. Then we’ll see how fast they’ll move to get the funds out of their system and into yours. Moreover, you should know that they are also using your money to fund their working capital. Per FCA client money regulations, all client assets need to be segregated in a segregation account.

And who is to say these shady fucks won't sell/use your information? Or their exchange is "hacked" and so is your info?

Nobody should not be interfering until the coins are cashed for fiat. Then the banks/government can go ahead and demand such info from you.

NOT YOUR KEYS NOT YOUR COINS

[bitserve]

They never do these AMLs in the beginning. Its always when you are about to withdraw or deposit a large amount.

And they have the balls to temporarily halt everything until it is finished...

Every additional day they hold your funds with them, the more they can earn from those funds. Your funds don’t sit in an account idle, your funds are in an omnibus account which earns interest. This interest doesn’t come to you, it goes to their exchange and is a revenue generating mechanism. For delayed payments, it would be prudent to send them an interest claim legal notice. Then we’ll see how fast they’ll move to get the funds out of their system and into yours. Moreover, you should know that they are also using your money to fund their working capital. Per FCA client money regulations, all client assets need to be segregated in a segregation account.

And who is to say these shady fucks won't sell/use your information?

NOT YOUR KEYS NOT YOUR COINS

Yes, thats one of the additional problems. I fully expect they doing that, that's why I would never be so naive as to increase my amounts at risk. If I plan to deposit more FIAT, I first extract more BTC. If one day I plan to cash out, I will do in small steps over several exchanges and destination banks and wait till I receive the transfers before depositing more.

The only problem is that I try to keep the amount small enough that probably it will never be cost-effective for me to sue them if shit hits the fan. More so when we are talking here about out of the country exchanges. I do accept a risk of all of it being completely lost.

Donno, maybe it's just me that I consider exchanges a necessary evil.... But I see many more people here using exchanges though. As long as we are aware and accept the risk of not being in control of those Bitcoins.... what's the problem?

[bitserve]

Nobody should not be interfering until the coins are cashed for fiat. Then the banks/government can go ahead and demand such info from you.

In an ideal world it would be like that. Unfortunately it isn't. Now it's your call to use exchanges or not and if you do, let them control a bigger or smaller part of your stash.

I let them control less than a 10% of my stash in total (distributed among several exchanges).... Which is basically less than what I can "lose" in paper profits over my total stash in a bad day.

[HairyMaclairy]

Leverage is a useful tool to reduce the amount that you expose to an exchange.  2x leverage means you have half the coins on the exchange. 

[bitserve]

Leverage is a useful tool to reduce the amount that you expose to an exchange.  2x leverage means you have half the coins on the exchange.  

Yup, but you increase the risk of a random HUGE glitch spike liquidating you... which is about the same or even higher than the exchange going belly up as we have seen in the past.

It's all risk management in the end.

[VB1001]

Good morning:

You know some web page to consult short and long in real time ?

It is not for trading, is to compare oscillation the bitcoin quote when it goes up or down.

[HairyMaclairy]

Tradingview.com

[VB1001]

Tradingview.com

Thank you !!!

[VB1001]

Interesting video showing once again the reality

Escaping the Global Banking Cartel (Andreas Antonopoulos)

https://www.youtube.com/watch?v=LgI0liAee4s

[Hexah]

Interesting video showing once again the reality

Escaping the Global Banking Cartel (Andreas Antonopoulos)

https://www.youtube.com/watch?v=LgI0liAee4s

Bring back guillotine.

[ðºÞæ]

Interesting video showing once again the reality

Escaping the Global Banking Cartel (Andreas Antonopoulos)

https://www.youtube.com/watch?v=LgI0liAee4s

Bring back guillotine.

The battle of peer to peer and segwit (segregated witness) and also xrp is just exchanging a bunch of crooks with even worse crooks.

[HairyMaclairy]

Alt-coins forum is that way ———> SV fanboi