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

[YourMother]

 

[1713311981]

1713311981

[1713311981]

1713311981

[1713311981]

1713311981

[1713311981]

1713311981

[yefi]

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

Absolutely. Encouraging citizens to divulge the "private keys" to their ID to every Tom, Dick and Harry has to be the most ill-conceived system of KYC imaginable. The businesses should only be holding signed proofs. Hell, even if you had governments as gatekeepers it would be better than this mess.

[alevlaslo]

demand for Bukkt are already full, we are waiting for a big growth

[bitserve]

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

Absolutely. Encouraging citizens to divulge the "private keys" to their ID to every Tom, Dick and Harry has to be the most ill-conceived system of KYC imaginable. The businesses should only be holding signed proofs. Hell, even if you had governments as gatekeepers it would be better than this mess.

Enforcing that all needed documents are visibly watermarked (with date and logo of the receiver) before submitting would solve the issue of identikit reuse in case of leaks. The problem is that some places are going exactly the other way around and NOT accepting any watermark in the documents. THAT is crazy.

[RejectedBanana]

Talking heads, so many talking heads.

More optimism than I expected from the peanut gallery.

Time To Buy Bitcoin?
Cointelegraph talks to Tom Lee, Mati Greenspan, Naeem Aslam and Ronnie Moas about why it makes sense to buy Bitcoin when everyone else is panic selling it. 
https://youtu.be/rKKMVBX7rYg
Decent round robin.

If you can stomach CNBC anchors, a few gems slip out when their guests can get a word in edgewise:

I am still a long-term bitcoin believer, says the Crypto King
Bitcoin gets slammed as the crypto carnage rages on. But Bart Smith, Susquehanna Digital Asset Head, says he's still a believer.
https://youtu.be/OMV1xXEoD8g
High net worth investors are not going to send photo id scans and money to random crypto website. Interest is piqued, but they are waiting for Fidelity, etc.

Tom Lee cuts bitcoin year-end target to $15,000
Tom Lee of Fundstrat Global Advisors joins 'Squawk Box' to discuss the bitcoin fallout and where he sees it going next. 
https://youtu.be/Y-pX6GbRbwc
Bitcoin clearing 3X more on daily basis than PayPal, market caps about the same.
Bitcoin is a currency, no it's a commodity, no it's a store of value, no it's an emerging asset class.

Bitcoin won't have bottomed until 3K flat level, says Genesis Trading's Moro
Michael Moro of Genesis Trading and Genesis Capital joins 'Squawk Box' to discuss the price drop in bitcoin. 
https://youtu.be/L5FbbVT98Zw
Are crypto alts/forks disrupting perceived scarcity?
Bitcoin was anti-correlated, but is now correlating to broader markets as institutional funds seep in.
Fire that CNBC idiot and just let the guest talk for crying out loud.
 
Bitcoin is at the end of a distress cycle, says BlockTower
Michael Bucella, BlockTower Capital Partners
https://youtu.be/QUbtkMr7QBo
Bottom most volatile but also shortest period.
Professional management may reduce volatility. (Ha!)

[El duderino_]

[El duderino_]

[xhomerx10]

 Mid-level fakery - not too bad MicG!

[El duderino_]

 Mid-level fakery - not too bad MicG!

haha lol even didn't see it was a FAKE just saw on twitter and screenshot post it... gotta look more careful for fake shit 
i'm still not able to make something as that

[El duderino_]

https://www.forbes.com/sites/katinastefanova/2018/11/28/the-trade-of-the-decade-betting-on-bitcoin/#3f1d2fc6458a

[xhomerx10]

 Mid-level fakery - not too bad MicG!

haha lol even didn't see it was a FAKE just saw on twitter and screenshot post it... gotta look more careful for fake shit 
i'm still not able to make something as that

 I thought you were developing your graphics skill set!  So it was someone else then...

[El duderino_]

 Mid-level fakery - not too bad MicG!

haha lol even didn't see it was a FAKE just saw on twitter and screenshot post it... gotta look more careful for fake shit 
i'm still not able to make something as that

 I thought you were developing your graphics skill set!  So it was someone else then...

yeah not me
https://twitter.com/slimus29/status/1068972904610705408

still gotta work on my skill

[El duderino_]

so where is your spot out there HODLER-LFC_bitcoin ?

[goldkingcoiner]

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?

My one hope for crypto is that a big fat fish like amazon starts taking crypto as payment.. What we all really want. Is for Bitcoin to become the one and ONLY worldwide currency!

[Last of the V8s]

https://bitcoinist.com/g20-regulate-cryptocurrencies-fatf/
pizdyets

Being an argentine and having followed daily the develop of the meeting, i can assure that the least important subject was cryptos.
It was all about china and usa commercial war, and other less interesting subjects.

pizdyets

Let's do some little survey:
How many of you guys are using a seed that was generated by the hardware wallet itself?
I expect the answer to be most if not all... but just checking.

pizdyets

[_javier_]

Being an argentine and having followed daily the develop of the meeting, i can assure that the least important subject was cryptos.
It was all about china and usa commercial war, and other less interesting subjects.

[jojo69]

demand for Bukkt are already full, we are waiting for a big growth

[Last of the V8s]

lol ok fine but please no one illustrate his 'big growth'

[jojo69]

https://www.forbes.com/sites/katinastefanova/2018/11/28/the-trade-of-the-decade-betting-on-bitcoin/#3f1d2fc6458a

Blockchain’s total addressable market (TAM) includes all the disruptable markets dominated by TTPs, from insurance to gambling / prediction markets, to virtual real estate. We think that could be at least a third of global GDP ($80 trillion), plus a non-trivial amount of Global Wealth ($300 trillion).

If you buy the premise that BTC is better than gold (based on this article and related links above), perhaps the TAM in an ultimate bull case is global wealth, or around $400 trillion in 10 years. Imprecisely, if BTC takes just 2% of this TAM, it would have an $8 trillion cap, vs. the ~$150 billion it is now. If you have something that can potentially 50x, you must have 98% conviction that it’s not going to happen for you to not put money in.

not bad

[VB1001]

https://bitcoinist.com/g20-regulate-cryptocurrencies-fatf/
pizdyets

Being an argentine and having followed daily the develop of the meeting, i can assure that the least important subject was cryptos.
It was all about china and usa commercial war, and other less interesting subjects.

pizdyets

Let's do some little survey:
How many of you guys are using a seed that was generated by the hardware wallet itself?
I expect the answer to be most if not all... but just checking.

pizdyets

1 That they speak is very good, it's institutional money coming soon.

2 I do not like the aggressive regulation they announce, it will be an excessive control.

3 Of course, BTC at home.