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

[JimboToronto]

Good morning Bitcoinland.

Down a bit in the last little while I see, but still going basically sideways... currently $3798USD/$5130CAD (Bitcoinaverage).

Meanwhile this place seems especially infested with trolls and FUDsters today.   Get a life losers.

Red flag!

HitBTC freezes customers accounts ahead of Proof of Keys Event...

https://www.ccn.com/bitcoin-exchange-hitbtc-freezes-customers-accounts-ahead-of-proof-of-keys-event/

Cold storage holders unaffected.

Didn't anyone learn a lesson from MtGox?

[1714143556]

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[1714143556]

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[1714143556]

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[itod]

Hash:

000000000000000000037e741045a99121918e6ee717108fc77ec40b7419a829

“ThanksSatoshi” is included in the Coinbase input.

CoinBase
030d7608040b771a5c2f205468616e6b735361746f736869202f4254432e434f4d2ffabe6d6d2ce fdddb4341345a5f494751a87e59567f4ddc88488dfff0df7bfc7cf57c0f22010000000000000042 14622919ba000000000000
(decodificado)  vw\/ ThanksSatoshi /BTC.COM/��mm,���CA4Z_IGQ�~YVM܈H����{�|�|"
Bb)�

https://www.blockchain.com/btc/tx/bd9d5c05d4f5e7256160f27a55678c3b8f0c38914c20c471b87832f46576c9a1?show_adv=true

Nice touch by BitMex, Satoshi must be enjoying it from somewhere.

[luckygenough56]

i wonder what would be the real btc price without bitfinex manipulating it

[HairyMaclairy]

It’s a significant PR win for Bitmex.  I have somewhat mixed feelings about it given that XBT is a synthetic.

The Bitmex Research tends to be very good.

I do wonder about the volume on Bitmex though.  I have had slippage of up to $75 on relatively small orders on big moves.  Never had that on other exchanges. That degree of slippage concerns me, makes me feel I am being front run by their trading engine.  It certainly doesn’t feel like the most liquid exchange in Bitcoinland.  

[El duderino_]

via Imgflip Meme Generator

[luckygenough56]

it's alive !!!!

[VB1001]

Attention if you have an account in Bitfinex !!!

Data Migration - January 7th, 2019, approximately 10:00 AM UTC, Both Bitfinex and Ethfinex will be down for up to 7 hours to complete the migration.

https://support.bitfinex.com/hc/en-us/articles/360015065614

^
Maybe it's related to this.

[El duderino_]

it's alive !!!!

You Made me FALLS check the price.... thought a suddenly BIG green dildo or something, instead a little more RED



Come on how is it been Said before?

PAGE PARITY NOW!!!!!!

[bitserve]

it's alive !!!!

You Made me FALLS check the price.... thought a suddenly BIG green dildo or something, instead a little more RED



Come on how is it been Said before?

PAGE PARITY NOW!!!!!!

https://itunes.apple.com/us/app/bitcoin-ticker-widget/id998255317

[Paashaas]

Kinda insignificant in the overall grand scheme of things, but to celebrate the 10th Anniversary of Bitcorn, I've set my Lightning node fees to be outrageously low for the day.

Practically free.

This is some really cool tech, yo.

Really nice to see Lightning starting to pick up momentum; my "month_fee_sum" has been steadily rising over the last couple months.

Still nowhere near profitability, but, feelsgoodman. Feels like we're starting to see the future possibilities coming into better focus.

From Google search:



That blue line will go parabolic, just watch 

(While the rest stays rock bottom)

[rhomelmabini]

I think "Proof of Keys" is an unnecessary burden to the Bitcoin & exchange networks... I don't like the idea of shooting myself in the foot. I understand the idea of not letting exchanges use our coins in a fractional reserve setting, but I don't think it will make a difference for just one day... If they want to do it, they will, since they will always have some of our coins in their wallets. The good qualities of Bitcoin (decentralized, distributed, immutable, fungible, borderless, permissionless, rare, capped, non-inflationary), as compared to fiat, are guaranteed by its design, not by what exchanges do or don't do.

Why not do the opposite: withdraw all of our fiat from the banks! That would put a stress to their network...

 It would cause a lot of stress for nearly everyone since loans exceed savings by a very large margin.  In Canada, there is no reserve requirement so theoretically we have an indeterminate (possibly infinite) money supply based on the formula for money multiplier (m) given the Reserve requirement (R):

m=1/R

 That being said, I went into the bank a couple of years ago to withdraw more than I was able to withdraw in one day from an ATM (which is $2000) - seems to me I was looking to get around 6k.  First, they wanted to know why I needed "so much" money and if a bank draft or check wouldn't be a better option.  They chastised me for not calling ahead and I had to sit and wait for the money to be ready.  Oh, I was also required to withdraw my maximum from their ATM first (I don't pay a fee if I use theirs so that didn't bother me too much).  When the cashier called me back to the counter, she had a manila envelope she was digging her hand into that I could see had at least two wrapped stacks of $100 dollar bills.  I tried to keep the conversation light-hearted saying "You have plenty of cash there!  Why did you make me take money from the ATM?" and she told me they had been directed to discourage large cash withdrawals.
 Fast forward a couple of years to the present and just before Christmas I went to the same branch because it was on my route and I needed some cash.  While they still have people working inside, they don't do physical cash withdrawals.  The only option is to use their ATMs.  They have been popping up everywhere since about the middle of 2018 in this area and I believe one bank calls them "Advice-based Centers" where the bank employees are directed to show you how to use an ATM if you request cash and they don't have tellers anymore.

 So really, the only thing a bank run will cause is line-ups at the ATMS and stress for those with savings accounts.

::


Buy Bitcoin.


  

That queue is a cue to really go with the trend or the future of money. I may be a newbie with this industry but Bitcoin, blockchain and cryptocurrencies really has future to create massive change especially in finance, economy, government etc.,

Sorry, there are two queues actually.  I didn't provide enough separation.
  The left is in India and on the right, Greece.

Well for those who don't want to be hassle on that same queues, that's the cue to go with bitcoin instead.

I know there is but queues like that to get fiat, nahhh! I want to capitulate or walk-out at the very moment if I will saw it.

[rhomelmabini]

4H with good looking RSI.




Still a noob.

[empowering]

admins in bitfinex telegram - the matching engine is down, funds are safu
on proof of key day
coincidence
nothing to see

What do the people that watch the cold wallets say?

Any exchange cold wallets significantly impacted? Or proportionally more than the rest?

I am afraid that participation levels are not enough to actually get the job done that "proof of keys day" was designed to do.. (YET?)

Kinda tricky for exchanges running lending and margin trading too.

For it to truly work near on everyone needs to be on-board...

Really for it to work, exchanges need to fully participate, perhaps even force(?) encourage(?) customers to withdraw..
It would cut the chaff that is for sure.


That being said so far I heard that at one point or another in past 24 hours there have been questions surrounding Hitbtc suspending withdrawals, Kucoin had at one point suspended withdrawals, and Bitfinex has this glitch...(which despite the general sentiment around Finex, I tend to think is probably just a glitch, those guys have been under a fair bit of scrutiny of late (but who knows you never can tell) .................  anyone heard of any other potential incidents?

TBH there are some other exchnages that I would like to see stats from, for example CoineBene, Zb, and including Binance, Okex and Bithumb etc..

If anything it seems that proof of keys could be very effective, if not somewhat clunky and awkward, perhaps a even better way would simply to be to utilise the blockchain and have fully transparency of custody the entire time, you have control of your keys,  right up until the moment you press "sell"  in a decentralised custody solution, but with trades matched and cleared by a centralised trade engine..

It seems to me that fully decentralised exchanges, could have a tough time regulatory wise, though I guess compliance could be built in to dex too, but I think that for an exchange to be huge, and do serious volumes and integrate with the current ecosystem and the new evolving ecosystem, that it could be beneficial to have certain elements of an exchange centralised, from both a technical (speed) and a regulatory and management/security point of view..... and certain aspect of the exchange decentralised/distributed, for example custody// withdrawals and deposit functions

Then if the custody solution is either very transparent, or you maintain your keys until you enter a trade, then yearly proof of keys would not be needed... and indeed we can keep an even closer eye on the status of our assets..

This would greatly reduce the worry of an exchange  rehypothecating our tokens,  or of any fractional reserve practice or a straight up exit scam with everyone's denero


Nice and safu, more practical, technically feasible.


 

  

[El duderino_]

via Imgflip Meme Generator

[Paashaas]

Amazing image from the dark side of the moon, accomplished by the Chinese.

No reports about alien sites which has been claimed by tin foil hatters all those years...lol.

[jbreher]

Here’s the thing.  If you keep pumping a shitcoin run by a money launderer and a con man, but you won’t even commit to that shitcoin, then you will justifiably be called out as a hypocrite and shill each time you raise the issue.  

Unless you're running your entire life free of fiat, you've got no room to spout off.

You are undoubtedly clever and undoubtedly deliberately obtuse.

Your comment would carry weight if I was shilling the virtues of fiat over Bitcoin. I am not.

Don’t come into our house and shit on the floor and expect not to be consistently challenged over it. Alternatively accept that this is a Bitcoin community, and conduct yourself accordingly.   The choice is yours.

Indeed, the choice is mine. When confronted with misunderstandings, untruths, or lies about other satoshi forks, I will continue to inject some much-needed corrective perspective.

This 'house' is not yours. It is theymos'. And through delegation, infofront's. You have no power here. If theymos, infofront, or another delegate deign to shit-can my posts, then so be it. But all your yapping is just so much impotent bullshit.

Incidentally, I am not 'shitting on the floor' as you so eloquently phrase it (not). The only negative comments I voice here about BTC are truthful observations of the inherent properties of that fork, or logical speculation based upon those properties.

<edit> Oddly enough, your suggestion for me to diversify totally out of BTC in favor of the other satoshi forks would actually provide incentive for me to act in the manner in which you incorrectly ascribe to me. Perhaps some self reflection upon your actions and utterances would be beneficial to your likely goals. </edit>

So get the fuck out with your attempted behavior modification. Or don't. I don't care.

[rhomelmabini]

via Imgflip Meme Generator

But he abandon us for good, that's the good thing too. He gives us guide to end fiat regime and to ease human live as well in many terms.

[luckygenough56]

Amazing image from the dark side of the moon, accomplished by the Chinese.

No reports about alien sites which has been claimed by tin foil hatters all those years...lol.

i am disappoint

[jbreher]

It seems to me that fully decentralised exchanges, could have a tough time regulatory wise,

I don't see how. If an exchange were truly decentralized, there would be no handle which the state could grab in order to inject its desired regulation.

Sure, they could pass laws. But that would be tantamount to prohibiting person to person sales of anything and everything (i.e., used cars, beanie babies, garage sales, ...). Something that today exists -- at least in the USA -- only for very limited classes of goods such as firearms.

[nikauforest]

Kinda insignificant in the overall grand scheme of things, but to celebrate the 10th Anniversary of Bitcorn, I've set my Lightning node fees to be outrageously low for the day.

Practically free.

This is some really cool tech, yo.

Really nice to see Lightning starting to pick up momentum; my "month_fee_sum" has been steadily rising over the last couple months.

Still nowhere near profitability, but, feelsgoodman. Feels like we're starting to see the future possibilities coming into better focus.

Hi BobLawBlaw, Which Lightning software are you running? LND , or Eclair or I am thinking of starting one up. I have a full Bitcoin node running on a machine, along with Armory. I am thinking of using an extra machine just for lightning. Any info on your setup would be appreciated.