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

[kenzawak]

^
Thats the thing about kenzawak....  you would never guess he’s actualy a french guy

Does he shower?

^
Thats the thing about kenzawak....  you would never guess he’s actualy a french guy

Does he shower?

French Baths...

That's cologne right?

I learned a lot from Bitserve's posts.

[cAPSLOCK]

It's kind of hard to see at first...  but this situation is EXTREMELY POSITIVE for bitcoin in the end.

Imagine businesses and institutions looking at Bitcoin and Ethereum.  

Will Bitcoin/Ethereum be reorged in the future?  Is it a security?  Will the monetary policy be changed?  Is it centrally controlled?

Which one do you want to store value in?

Every time Bitcoin survives another attack it grows stronger.  The other coin has already failed on all counts.

Nothing against any of you ETH folks in here... it's an interesting project... etc.  But seriously Bitcoin is looking more and more like a store of value every day.  

Nothing else even comes close.

[cAPSLOCK]

Damn I haven't time to go through all this yet, got a dog with a nasty cut.
https://twitter.com/binance/status/1125959459782553600 cz saying the suggestion to reorg came from the community and other verlakkerij
https://twitter.com/JeremyRubin/status/1125919526485254144 rubin being an utter twat and suggesting it
https://twitter.com/brian_trollz/status/1125927753096863751 shinobi rebuffing him

the hack that wasn't a hack
a nice friendly hack to emphasise to the newbies in the institutions that bitcoin is immutable

THIS THIS THIS.  A million times this.  As horrible as this event is we should be seeing light bulbs turning on in 3... 2...

[Toxic2040]

In case you missed it here is a synopses of the CZ ama

https://www.binance.com/en/blog/332782515450425344/AMA-with-CZ-%7C-May-8-2019

Highlights:

- CZ confirms an upcoming margin trading feature for Binance.

- CZ talks about the timeline for the next Binance Launchpad token sale project.

- CZ reveals plans for a possible future by Binance.

- Plus, the latest updates from CZ on the security incident.

- Binance will take care of affected accounts from the incident through the SAFU fund and ensure the integrity of its networks and platforms before resuming its services.

- UPDATE: Following the AMA, CZ confirmed that Binance will not pursue the re-org approach on the Bitcoin network to resolve the matter.

-----------

Truly a messed up situation but they(Binance) seem to be putting the fires out. I guess I am biased but I like CZ and what he does for bitcoin and crypto. I wish him the best of luck in repairing damage from the hack and moving forward once again.

Not sure where the reorg suggestion came from but thats a complete and resounding NO f'ing way.   

[cAPSLOCK]

The hacker sent funds to an address from which they can't be spent???

https://cryptopotato.com/did-binance-really-get-hacked-these-conspiracies-might-prove-otherwise/

Sounds like CZ has some serious haters. Of course the rollback idea is dumb. It was dumb when Ethereum did it, it's dumb now. Too bad he had to actually say that. He is/was one of my favorite crypto personalities.

The dude just lost 40MM.  You ever play poker?  I remember the first really big pot I lost... 

I've never liked him all that much, but if ANYONE deserves to be forgiven for entertaining stupidity...

[Ibian]

Better a mistake than a true blue hack, it means their security is more solid than thought.

Makes little sense for them to lie about it being a hack rather than a mistake. And it looks like coins have already moved from those supposedly unspendable bc1 addresses.

Original hack - https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea

The first bc1 address on there has been emptied - https://chainz.cryptoid.info/btc/address.dws?bc1qp6k6tux6g3gr3sxw94g9tx4l0cjtu2pt65r6xp.htm

Well so much for that theory. I guess it was put out by a website in a rush to generate content, as happens all too often.

The fallout from this will be more significant than your everyday hacking because it was Binance, but I guess it will take a few days for the dust to settle.

Who the fuck is binance?

[vroom]

[Cryptotourist]

Who the fuck is binance?

Business run by the Grey aliens.
The Chinese people are mere mutations of the species. JJG is their AI search engine.

Not to worry, the Annunaki are on their way.
Hopefully we'll be in the Pleiades by then.

[fabiorem]

Any news on the China ban?

Yeah looks bad, we just went from 5860 to 5845 

Maybe thats why we have the Binance Annual Hack (BAH) coming earlier this year. Usually its in June or July. Smoke screen for China FUD failure.

[VB1001]

https://twitter.com/nic__carter/status/1126083947035877378

Is what it seems. +1 WO sM.

[vapourminer]

Much more to this than meets the eye.

verlakkerij

TIL. i have found my new favorite word.

[vroom]

bitfinex - bitstamp spread is decreasing:

[MrFreeRoMan]

So Binance hacked itself and will reimburse the victims with Binance tokens?

Right out of the ol' Bitfinex playbook  

Not really:

https://twitter.com/cz_binance/status/1126005587353821184

Of course they would have enough BTC to cover, if they faked their own hack.

Not saying they did tho. Who really knows.

But here's the thing everyone should remember:

There will be no new Bull Run without plenty of FUD and fake bullshit to accompany it every step of the way. Not gonna happen.

In the wake of the attack, Tron CEO Justin Sun offered to personally make up for Binance’s shortfall by depositing “7,000 BTC worth USDT” into the exchange.

    To support @binance , I will personally deposit 7000 BTC worth USDT (40 million USDT) into @binance to buy $BNB, $BTC , $TRX & $BTT if @cz_binance agrees. No need to #FUD! Funds are #SAFU!

    — Justin Sun (@justinsuntron) May 8, 2019

[MrFreeRoMan]

Next major green dildo will likely top out near $6,300.

Hodl.

Anything can happen
major green dildo Was  yesterday
 (Liverpool 4-0 Barcelona)!
But maybe this is ...

Day 38 of Bitcoin 60 Day Cycle.  Overall positive action and confirming of a 4-Year Cycle Low back in Dec.

Either painting the Right Shoulder here (no new high) or one more high for a solidly Right Translated Cycle.  

Patience is key because a drop in May will come, IMO.

https://twitter.com/BobLoukas/status/1123978457610891264

[katrinmi]

[Last of the V8s]

https://www.bitfinex.com/rm-2019-05.pdf

MARKETING MATERIALS—SUBJECT TO CHANGE
iFinex Inc.—The Present and the FutureCurrent and Forthcoming Platforms, Products, and Services 1
May 2019 Note: Most of these platforms, products, and services are currently unavailable to U.S. persons;their respective terms of service restrict U.S. persons from using them

betting, bazaar, 100x options and more
yay

[El duderino_]

Next major green dildo will likely top out near $6,300.

Hodl.

[JimboToronto]

Good afternoon Bitcoinland

Nice to see Bitcoin moving toward $6k... currently $5895USD/$7942CAD (Bitcoinaverage).

Go Bitcoin go.

In light of @LFC's astonishing honey-badgeresque comeback from 3-0 down against a Barcelona team with the world's best player, I hereby declare Liverpool the official back-and-forth sportsball team of Bitcoin carnivores. Anyone who disagrees is a plant-eating nocoiner. #AllezAllezAllez

FTFY 

I find back-and-forth games like hockey, soccer, and basketball to be rather boring. I prefer more cerebral sports like baseball and gridiron "foot"ball. I like a bit more strategy than "shoot or pass".

That said, I did enjoy yesterday's FIFA football game. We were sitting in a tourista restaurant in Playa del Carmen eating enchiladas when Liverpool scored their 3rd and 4th goals. Needless to say the whole place went nuts. The look on the Barcelona goalkeeper's face was priceless.

It seems the whole world was rooting for Liverpool. Even I found it exciting.

[El duderino_]

Notice the pattern: bitcoin stopped caring about bad news. $BTC



https://twitter.com/krugermacro/status/1126148438868021248

Then notice we WO's already don't care for much longer as that 

[rdbase]

The hackers were able to withdraw 7000 BTC in this one transaction: https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea
The above transaction is the only affected transaction. It impacted our BTC hot wallet only (which contained about 2% of our total BTC holdings). All of our other wallets are secure and  unharmed.
https://binance.zendesk.com/hc/en-us/articles/360028031711

The hack attack on binance caused a dip in price about the same time.

Curious how the market will respond in the next hours to the hack.

This is why I saw the price drop so sharply last night to around $5700 from it reaching nearly $6000 at $5946 just when I checked 30 minutes before.

CZ...you said safu?  
apparently the hot wallet at Binance lost 7k corn...ouch.

The price is already recovering with it reaching over $5880 now so the btc market seems to be use to these happening often common as a cold it just brushes them off.