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

[AB de Royse777]

I doubt all pay but a portion of it just to look after the baby.
Anyway, to have this, it's a waste of 4 years degree with 150k debt :-P
Laura fucked up big time LOL

Laura did nothing wrong. Laura did exactly what she was told and did it perfectly. Laura's parents are the ones with no forecast. In their time, everybody wanted to go to a college, they thought it'll go like that forever so they did everything to send Laura to the college.

They were sheep.

Laura is perfectly fine.  

So Laura is not smart nor stupid, she is just another average nocoiner who get fucked every other night in the club :-P

[Hueristic]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

Yes, I'd rather not champion the tether cause at all as I thought it was a fractional reserve from the beginning (you can find tons of my posts warning about it years ago) and still think it was but I believe they balanced the books by BTD during the winter and then had that law firm confim they had the funds but now they only have 75% because the US led attack on them seized to 750 million (orso). So it looks like they were completely solvent until the Good ol US of A went after them and that has interesting timing as other stablecoins that are institutionally backed are now launched.

Things that make you go Hmmm.

[El duderino_]

Hammer and sickle.
Laura' Larry tuition.
Five-thousand still holds!!

shortcut in Haiku for who wanna catch up 4 pages in 5-7-5

Cheers             (after all its a Sunday)

[El duderino_]

https://twitter.com/barrysilbert/status/1123601467078860800

https://finance.yahoo.com/news/grayscale-bitcoin-investment-trust-gbtc-new-ad-drop-gold-125954273.html?soc_src=social-sh&soc_trk=tw

[vroom]

The monthly update:



In April we saw more green, very pleasing. The work is done, some Satoshis have been accumulated. I'm out to enjoy a spring walk with my dearest.

Enjoy the first of May, WOs!

Scary. 3 green months in a row.  So far happened only 6 times to have 4 or more months in a row. So guess what statistic propose us for May?

before that we had 6 red months in a row for the first time. What does that tell us about statistics?

[El duderino_]

https://twitter.com/kerooke/status/1123565159744589824

[P_Shep]

Ahem... "Saturated".

[Febo]

The monthly update:



In April we saw more green, very pleasing. The work is done, some Satoshis have been accumulated. I'm out to enjoy a spring walk with my dearest.

Enjoy the first of May, WOs!

Scary. 3 green months in a row.  So far happened only 6 times to have 4 or more months in a row. So guess what statistic propose us for May?

before that we had 6 red months in a row for the first time. What does that tell us about statistics?

I love statistic. Although it looks boring it never is.  Oh and when i checked again I see was only 4 times. I wanted to say that 6 times is not that low. 4 times is semi low. It is highly unlikely to have 2 more months in green.

[jojo69]

Silver on sale today...if anyone feels like diversifying...

[jbreher]

The more breher speaks, the more I think hes a troll that lives in his mother's basement,

Haha. Joke's on you. My mom doesn't have a basement.

[jbreher]

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up think and doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

To clarify, my post was in reference to the cursive part.

As I see it the real issue is with central banking, over the top tax rates and government wastefulness. Fractional reserve can work if done sensibly and not bailed out by the tax payer. It's no different from debt, which is a highly productive tool.

Blasphemy. Partial reserve banking steals purchasing power -- and thereby wealth -- from the public at large, and concentrates it in the hands of the parasite banking class.

[jbreher]

I am just curious how the sellers/shorters in Bitfinex are feeling these days. The numer and quantity of the shorts positions is high, and the longs are at the lowest since one year at least. Are these people still sane, or completely lost their mind and emotionally lost everything? For me all signs show that this exchange is dying.

Oh hell. Some of us have decried the scamminess of this particular dumpster fire since years.

[bitcoinPsycho]

Silver on sale today...if anyone feels like diversifying...

I take it you mean litecoin

[Privcy Foundation]

college is just another business, you can learn everything you want for free without paying for a useless piece of paper.

[jbreher]

It cost only around $6500 to create havoc on the BSV chain.

What 'havoc' is this of which you speak?

[Toxic2040]

Good morning everyone and May the First be with you.   

-------


The cloud is saying $5,309.21 but the fib is saying $5,310.82 for our resistance heading upwards. Not to shabby all things considered.   
1h


The majority of the market is following the trend and wants to continue higher. Stronghands are being more cautious and waiting for the hammer to fall from this tether fiasco, leaving the market in a state of flux.
I cant imagine it lasting to much longer before it ruptures in one direction or another. #dyor
4h

[jojo69]

Silver on sale today...if anyone feels like diversifying...

I take it you mean litecoin

Nope, the 47 protons variety.

It is, in fact, possible to be a Bitcoin maximalist, non Nazi, and still like a bit of physical now and again.

Off to the LCS, cheers. 

[Toxic2040]

Off to the LCS, cheers. 

jelly

[jbreher]

Tiny marsupial Barry Silbert wants you to #dropgold
https://medium.com/grayscale-investments/grayscale-to-investors-drop-gold-9e6909528af6
https://dropgold.com/#watch

From the article:

GBTC developed into the largest bitcoin investment product in the world

Well, largest other than bitcoin itself, maybe.

Also lulz-worthy:

we’re shifting traditional investment mindsets with stunning creative

[VB1001]

CoinMarketCap to Remove Exchanges From Calculations If They Don’t Provide Mandatory Data

Crypto market cap tracker CoinMarketCap (CMC) will remove exchanges from its calculations if they fail to provide mandatory data by June, the firm wrote in its sixth anniversary blog post on May 1.

CoinMarketCap, a major source of data about all traded digital currencies, has made a series of announcements to celebrate its sixth birthday today.

As such, CMC has announced a brand new alliance called the Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”

https://cointelegraph.com/news/coinmarketcap-to-remove-exchanges-from-calculations-if-they-dont-provide-mandatory-data