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

[BitcoinGirl.Club]

5min

https://www.theblockcrypto.com/2019/04/25/ny-attorney-general-sues-bitfinex-and-tether/

Long HODLers do not panic. It's part of the process.
Swing traders: OMG 🤕

[Last of the V8s]

https://twitter.com/afslutning/status/1121541550704615425 (aka swapman)

[vapourminer]

Exactly, because fiat is a pain in the ass, every fiat trade is a taxable event. This is close enough within risk.

Not if you're American or British and maybe quite a few others. It's just as taxable as an actual dollar trade.

yeah it sucks here in the USA. anything to anything is a taxable event.

[BitcoinGirl.Club]

Drop the phone Mic, watch a piece of the movie and quietly go to HODLsleep ....

My wise man.

People:
Come on (!) it was in fact $3.2kish just few months ago! Why so stress?

Just buy when you see a Deep.

[BitcoinGirl.Club]

https://twitter.com/afslutning/status/1121541550704615425 (aka swapman)

Don't expect the mainstream media will highlight the fiat scams.

[jojo69]

oof

[El duderino_]

oof

Pfffff

[BTCMILLIONAIRE]

The smileys that we use are bitcointalk forum's own GIFs. The smileys used by Pamoldar are not GIFs (or images); they're made up of text.

For example:

😆 😎 😵 😗 😈 🐻 💓 🌼 🎁 🎂 📱💻

This is pure text - no image.

Correct.

You can format them like you do with the text.
😆 😎 😵 😗 😈 🐻 💓 🌼 🎁 🎂 📱💻
😆 😎 😵 😗 😈 🐻 💓 🌼 🎁 🎂 📱💻
😆 😎 😵 😗 😈 🐻 💓 🌼 🎁 🎂 📱💻
😆 😎 😵 😗 😈 🐻 💓 🌼 🎁 🎂 📱💻
😆 😎 😵 😗 😈 🐻 💓 🌼 🎁 🎂 📱💻
😆 😎 😵 😗 😈 🐻 💓 🌼 🎁 🎂 📱💻

Damn. I was aware of Japanese face letters, but actual text emojis are new to me.

Are there any properly backed and transparent stablecoins that can be used without worrying?

Bitshares BitAssets is the only one with any track record. It's properly trustless and blockchain native. Designed for purpose.

Can anyone confirm/deny/extrapolate? BitShares seem to be rather low volume so would hope for other pairs as well.

[_javier_]

The scam is Tether and ppl dump BTC ?   

ok ok, there was a bad actor.. lets put him aside and keep moving..

[BitcoinGirl.Club]

The scam is Tether and ppl dump BTC ?   

ok ok, there was a bad actor.. lets put him aside and keep moving..

Nailed it!

[toknormal]

Can anyone confirm/deny/extrapolate? BitShares seem to be rather low volume so would hope for other pairs as well.

Judge for yourself.

I think it's held the peg spectacularly for a pure blockchain, trustless solution with no real world counterparty backing. There was a hiccup in January but it's recovered and otherwise smooth as silk.

(Also checkout BitCNY).

[bones261]

OMG. Is the the last nail in the bitfinex coffin? I hope so. The last we see of that exchange, the better. They can take their junk tethers and shove them where the sun doesn't shine.

[gentlemand]

OMG. Is the the last nail in the bitfinex coffin? I hope so. The last we see of that exchange, the better. They can take their junk tethers and shove them where the sun doesn't shine.

Thing is though that the lawsuit thing appears to make Tether appear to be a once sound operation. It looks like the money was all present. Bitfinex fucked themselves by trusting a bunch of criminals with their funds and then tapped Tether reserves to fill the hole.

In a way it exonerates all the doubt that surrounded USDT reserves. Then it made some nice new ones. And realer ones too.

[toknormal]

What will people do with their worthless Tethers now ? Make a run into BTC ? What else can they do ?

[HI-TEC99]

OMG. Is the the last nail in the bitfinex coffin? I hope so. The last we see of that exchange, the better. They can take their junk tethers and shove them where the sun doesn't shine.

Looking on the bright side the panic gives us a chance to buy some discounted Bitcoins.

[toknormal]

What will people do with their worthless Tethers now ? Make a run into BTC ? What else can they do ?

I don't know what you're on about, tether is is around $.995 a tether.

What I'm on about is the fact that they're no longer backed.

[toknormal]

Tether/USD:

[gentlemand]

What I'm on about is the fact that they're no longer backed.

Don't forget they changed their wording to 'cash equivalents' and others in March. So that means it's backed by the value of Giancarlo's totally rad Dr Who memorabilia.

[bitserve]

Bah. This is fine.

[Toxic2040]

Bouncing off the 0.236 med fib at $5k stops the fall.

Short fib resistance at the 0.786 is a fine place to stop and take a look around. Probably head upwards back towards the 0.618 before any real decisions are made.

#dyor
1h

#stronghands