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

[realr0ach]

I don't recall seeing this posted:
Bitfinex is Mixed Up with Colombian Cocaine, Polish Media Reports
$371 million seized by Polish authorities from two shell companies, possible connection with Bitfinex.

I posted it months ago.

Massive amounts of drug money is laundered BY THE BANKS into the US stock market which provides a lot of it's liquidity.  If you remove the drug money laundering, the stock market loses much of it's liquidity and crashes (unless the PPT picks up the slack).  It appears they are doing the exact same thing with digital shitcoins now.  Criminal banks like HSBC laundering massive amounts of money in Bitfinex which artificially raises the market.

Even if that were completely true, it is only a tiny drop in the bucket.  World-wide the illegal drug trade isn't even worth $400 billion US dollars.   Just the New York stock exhange market alone is worth over $30 trillion US dollars.   If you are going to post FUD at least try to have a small amount of intelligence in the post.    

https://en.wikipedia.org/wiki/Illegal_drug_trade
https://en.wikipedia.org/wiki/New_York_Stock_Exchange

Lol.  I'm sure Wikpedia has really legit sources on the financial industry of the illegal drug trade.  It's basically written by Gmaxwell afterall, my #1 go to source for information like this.  And how is $400 billion a "drop in the bucket" if the bitcoin market cap is $93 billion?  It's a fact much of the high end, white collar crime money laundering is done through the stock market and real estate, and I'm sure much of bitcoin's market cap has been a funnel for that as well.  

There's a lot of stupid art that's sold for ridiculously high prices not because it's actually worth it, but because art is also used to launder money.  Kind of like how an imaginary, valueless timestamp (bitcoin) has been sold for thousands of dollars.  Also, your example of the US stock market comparing numbers is meaningless because it's mostly about providing marginal buyer liquidity, so the total market caps don't matter.  If you can keep a steady trickle of consistent marginal buyer liquidity, you can keep a much bigger bubble afloat as long as not everybody tries to sell at once.

[realr0ach]

Mo pixels...

It's definitely not a "diverse" neighborhood full of snowcone head negroes that you seem to endorse so much, otherwise those old people in lawn chairs/rascal scooters would be dead.

[Hueristic]

does the new electric E type count?

It is the correct answer to most questions.

It certainly looks the part, I would like to see some reliability data on the "bespoke" electric powertrain.

No offense, but y'alls' British motorcars, while stunningly beautiful, are not renowned for their electrical systems.

I've owned a few Jags and I can tell you, Lucas Wiring sucks Balls.
Who else uses grey wires that fade to white and call them slate?

The older ones are damn sexy though.

[HairyMaclairy]

Mo pixels....

[HairyMaclairy]

does the new electric E type count?

It is the correct answer to most questions.

It certainly looks the part, I would like to see some reliability data on the "bespoke" electric powertrain.

No offense, but y'alls' British motorcars, while stunningly beautiful, are not renowned for their electrical systems.

I've owned a few Jags and I can tell you, Lucas Wiring sucks Balls.
Who else uses grey wires that fade to white and call them slate?

The older ones are damn sexy though.

It’s astonishing how being owned by an Indian conglomerate has resulted in JLR getting its shit together

[Paashaas]

European cities with the highest measurable amounts of cocaine in their wastewater.

[Hueristic]

does the new electric E type count?

It is the correct answer to most questions.

It certainly looks the part, I would like to see some reliability data on the "bespoke" electric powertrain.

No offense, but y'alls' British motorcars, while stunningly beautiful, are not renowned for their electrical systems.

I've owned a few Jags and I can tell you, Lucas Wiring sucks Balls.
Who else uses grey wires that fade to white and call them slate?

The older ones are damn sexy though.

It’s astonishing how being owned by an Indian conglomerate has resulted in JLR getting its shit together

Thats good as Ford did not do its brand any favors.

I don't recall seeing this posted:
Bitfinex is Mixed Up with Colombian Cocaine, Polish Media Reports
$371 million seized by Polish authorities from two shell companies, possible connection with Bitfinex.

Looks like TPTB really have a hard on for Them, glad I noticed today that I had a sell hit @5589 a while back and had some tether sitting on Binance.

Just figured I'd mention that has been rectified.

Funny that it was the first time I have ever owned any tether.

[GreatArkansas]

Mo pixels....

Germany?

[HairyMaclairy]

So we have the world’s slowest run on the bank on Bitfinex, and it’s slowly dragging the Bitstamp price up with it.

No guesses so far are close.  This one is hard mode. 

[jojo69]

Everything is natural. If something exists it's natural.

From the horse's mouth kids...literally Mr. Natural.

[jbreher]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

[dyask]

I don't recall seeing this posted:
Bitfinex is Mixed Up with Colombian Cocaine, Polish Media Reports
$371 million seized by Polish authorities from two shell companies, possible connection with Bitfinex.

I posted it months ago.

Massive amounts of drug money is laundered BY THE BANKS into the US stock market which provides a lot of it's liquidity.  If you remove the drug money laundering, the stock market loses much of it's liquidity and crashes (unless the PPT picks up the slack).  It appears they are doing the exact same thing with digital shitcoins now.  Criminal banks like HSBC laundering massive amounts of money in Bitfinex which artificially raises the market.

Even if that were completely true, it is only a tiny drop in the bucket.  World-wide the illegal drug trade isn't even worth $400 billion US dollars.   Just the New York stock exhange market alone is worth over $30 trillion US dollars.   If you are going to post FUD at least try to have a small amount of intelligence in the post.    

https://en.wikipedia.org/wiki/Illegal_drug_trade
https://en.wikipedia.org/wiki/New_York_Stock_Exchange

Lol.  I'm sure Wikpedia has really legit sources on the financial industry of the illegal drug trade.  It's basically written by Gmaxwell afterall, my #1 go to source for information like this.  And how is $400 billion a "drop in the bucket" if the bitcoin market cap is $93 billion?  It's a fact much of the high end, white collar crime money laundering is done through the stock market and real estate, and I'm sure much of bitcoin's market cap has been a funnel for that as well.  

There's a lot of stupid art that's sold for ridiculously high prices not because it's actually worth it, but because art is also used to launder money.  Kind of like how an imaginary, valueless timestamp (bitcoin) has been sold for thousands of dollars.  Also, your example of the US stock market comparing numbers is meaningless because it's mostly about providing marginal buyer liquidity, so the total market caps don't matter.  If you can keep a steady trickle of consistent marginal buyer liquidity, you can keep a much bigger bubble afloat as long as not everybody tries to sell at once.

I choose a source I figured you might be able to understand.   You clearly have a very weak understanding of concepts like liquidity or the size of the markets.   Even the New York stock exchange market is chicken feed compared to things like Forex.   BTC is headed to that type of currency market.   Your FUD is totally ineffective.  

If one doesn't consider government criminals, the actual amount of money involved is crime is small compared to everyday national sums of capital.   It is possible that drug money could influence a stock or two, no chance on the whole market.   It is just too small of a money flow.   Sure it huge to personal finances, but tiny compared to even the US equity market, let alone the much larger global markets.    If you want to see where the big money is, you need to learn about what central banks are doing.   That have vastly more impact on equity markets than any illegal laundering of money.    
  

[HairyMaclairy]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

If it was urgent it could probably be done in 48 hours.   But it won’t be urgent.  

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

[Hueristic]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

Not long, lots of shitcoin examples of doing it wrong out there.

[jbreher]

https://www.thestar.com.my/business/business-news/2019/04/29/jaguar-land-rover-planning-to-allow-helpful-car-drivers-to-earn-cryptocurrency/

https://www.topgear.com/car-news/fancy-earning-cryptocurrency-while-driving-new-jag

Now I have to buy a fucking jag, at least theyre cool

For the IOTA? smh

[jbreher]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

If it was urgent it could probably be done in 48 hours.   But it won’t be urgent.  

It ain't just a river in Egypt.

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

[Toxic2040]

4h
#dyor



#stronghands'19

[HairyMaclairy]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won. 

[Toxic2040]

So we have the world’s slowest run on the bank on Bitfinex, and it’s slowly dragging the Bitstamp price up with it.

No guesses so far are close.  This one is hard mode. 

Pat..I'd like to buy a continent.

[JSRAW]

Mo pixels....

Germany?

Looks India to me.