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

[realr0ach]

I for one welcome our New Dark Age overlords.

I welcome $10k gold, $500 silver, and $3-10 an oz copper.

[HairyMaclairy]

CryptoCapital website:

[lightfoot]

So Bitfinex has been playing games with tether. Kind of like a bank.

You know, I turned down a fucking executive job at a bank because I don't believe in them anymore. They create money with a wave of the hand, and you can't create bitcoin with a wave of your hand.

But it sure seems like you can create tether with a wave of your hand..... Fuck banks, and fuck that.

We now return you to your regularly scheduled panic.....

[realr0ach]

So Bitfinex has been playing games with tether.

Cue the official slogan of Bitcoin:  "Scammers scamming scammers"

There are so many scammers in bitcoin now that when people see a single entity blatantly obviously move the price upwards an order of magnitude solely through manipulation, they speak as if it's perfectly normal.  That's how finely tuned into scamming their brains are.

[Last of the V8s]

Que? lol i think not my latino friend person. it's an english word 'cue'. an acting thing. edit: now he corrected

https://bitsonline.com/bitfinex-banking-molino-lee/

[realr0ach]

https://bitsonline.com/bitfinex-banking-molino-lee/

I like how they (Bitfinex) now have HSBC ties and then rumors sprang up about how they had hundreds of millions of dollars seized in Poland due to being related to drug money laundering...which is like HSBC's main forte.  I wouldn't be surprised if that's what most of the Bitfinex manipulation pump originated from - them trying to launder/clean drug money.

[HairyMaclairy]

There’s an Arizona address

[realr0ach]

There’s an Arizona address

I can die happy once we discover Bitfinex's main operation address is registered to a seastead in Thailand.

Que?

Fixed it.  Basically crosseyed from not going to sleep yet.

[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.

The like-kind transaction capital gains tax postponing (like with real estate) doesn't apply?

nope. IRS specifically made that clear in 2017(? think was for tax year 2017). even before that date they claim it wouldnt of applied anyway.

im not sure if anyone has challenged that for earlier years, but even before the 2017 ruling my CPA said the safe bet was not to do like kind for crypto to crypto when i was filing my taxes. since i did very little trading before 2017 (im mainly a hodler) there wasnt a huge difference anyway so i played it safe. call me a wimp if you will but i have no wish for the IRS to make my life miserable down the line.

[HairyMaclairy]

Ok so Molina is a director of Global Trade Solutions. He is also a director of the Polish bank Bitfinex was using.

While the Tether brouhaha was playing out this week, it also emerged that Bitfinex has yet another new bank. This time, its European home is with the obscure Bank Polskiej Spółdzielczości – also the home of CEX.io – under the name of CRYPTO SP.ZO.O. Why isn’t Bitfinex using its own name and why is it with a bank that ranks 15th in Poland in terms of asset value and 26th in terms of number of outlets? But wait, the plot thickens…

The director of Bank Polskiej Spółdzielczości is Molina Lee Ivan Manuel who is also the director of numerous Panamanian shell companies.

https://news.bitcoin.com/questions-mount-bitfinex-stay-silent-wake-tether-hack/

[realr0ach]

call me a wimp if you will but i have no wish for the IRS to make my life miserable down the line.

Then you should probably use physical metals instead of a dystopian, non-fungible, permissioned ledger, cashless society slave system that abolishes the 5th amendment.

[IntroVert]

There’s an Arizona address

Oh HSBC... It is starting to make sense now.

[HairyMaclairy]

Molina is a Canadian citizen living in Panama

We know that Ivan Manuel Molina Lee, the head of Crypto Capital Co., was a Canadian with Panamanian citizenship, per the Bloomberg report.

The reason the Polish authorities seized the €400 million from the Polish bank is they say the money comes from Columbian cartels

https://bitcoinexchangeguide.com/quadrigacx-had-e400-million-seized-by-polish-authorities-in-2018-for-money-laundering-connections-with-columbian-cartel/


So Molina has your money Bitfinex. Best of luck to you.

[realr0ach]

Oh HSBC... It is starting to make sense now.

But I thought bitcoin was "fighting teh bankers"...

Who would have guessed the bankers (HSBC) would buy up a bunch of imaginary, valueless tokens, artificially manipulate them to the moon, then attempt to dump them on the goyim while simultaneously using the transaction to launder drug money.

[Last of the V8s]

https://bitinfocharts.com/bitcoin/address/1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g main finex hot wallet

[HairyMaclairy]

Can we get a nice count down timer on that

[realr0ach]

main finex hot wallet

How does it feel to be the ONLY PERSON IN THE ENTIRE THREAD that claimed "r0ach making up FUD about Bitfinex", "it's all bs".  You were even somewhat semi-shilling FOR THEM.

[JayJuanGee]

^this

In other words, the odds of Last of the V8 winning his bet are on the cusp of going against him... sucks to be poor (V8).

You would know

Huh?  Me doesn't understand U.

I have done pretty well through my whole life, of course with several periods of frugality, or choices to live within my means, but I have never felt myself to be poor.

On the other hand, when I witness certain levels of wealth extravagance that some rich folks enjoy, on a relative basis, I might have considered myself as poor... yet even after, having said all that, I am struggling to understand your response involving my own level of "poor" situation.

Blah. Stop the nonsense. We ARE ALL POOR. Wake me up at $50K...

If you had already established a decent BTC position at any price point in the 3 digits (which is the case for me), you should be feeling pretty damned rich, currently.   Even if you did not significantly cash out any of your bitcoin between $7k and $19,666, your investment is currently experiencing a decent 5x return on that portion that was accumulated in the 3 digits.  There are not too many investments that can provide such return levels.. and so for about a year and a half now, we have had many opportunities to cash out at supra $5k prices, that is if we were to value our holdings in fiat - and have some pessimism about BTC's future.

On the other hand, if we perceive bitcoin having ongoing decent future potentials, then that 5x cushion should provide considerable comfort - which is another way of suggesting that feelings of rich should exist for anyone who had accumulated a decent amount of BTC stash in the three digits.

So there.  

[Last of the V8s]

Molina is a Canadian citizen living in Panama

We know that Ivan Manuel Molina Lee, the head of Crypto Capital Co., was a Canadian with Panamanian citizenship, per the Bloomberg report.

The reason the Polish authorities seized the €400 million from the Polish bank is they say the money comes from Columbian cartels
https://bitcoinexchangeguide.com/quadrigacx-had-e400-million-seized-by-polish-authorities-in-2018-for-money-laundering-connections-with-columbian-cartel/
So Molina has your money Bitfinex. Best of luck to you.

https://twitter.com/lowstrife/status/1121670408434905090

According to the the NYAG, "Bitfi[n]ex do not believe Crypto Capital's explanation saying the funds have been seized"

According to Bitfinex's announcement today, they claim that "those same funds have been seized and safeguarded".

Fuckery is afoot. He said, she said.

[realr0ach]

It's probably HSBC thinking they're above the law and can just bribe/order some regulators to unfreeze their drug money and make this problem go away.  Probably will happen!  When's the last time a kike banker went to jail for ANYTHING?  Supposedly the US stock market itself is propped up in large by drug money providing massive amounts of liquidity.  They'll probably give HSBC a slap on the wrist and say, "Now now! It's un-American to launder your drug money in bitcoin instead of the stock market!"