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

[rebal15]

So reversing transactions is possible to help some people recover their bitcoins.

The apology came fast and the reorg case was just hypothetical.

Given how much I talk, I sometimes say the wrong stuff, dirty words like “reorg”, for which I apologize. It is my strong view that our constant and transparent communication is what sets us apart from the “old way of doing things”, even and especially in tough times.

He said it because he think it is possible.

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[rebal15]

via Imgflip Meme Generator

But what if at 100k, miners reverse transactions and you find your balance with 0 BTC.

Another rebal post, good stuff  

is the guy on ignore by the majority? was not aware of it.

EDIT: yes, Binance and BitFinex are not on green status anymore. Avoid both if you can.

Oh thx. Based on what exchanges are or not on green status?

[fabiorem]

A reorg would require 51% hash power. I dont think Binance have so much influence over the miners for this.

[rebal15]

^^ It would rollback all transactions so those who got bitcoin in that time frame would have it vanish off the ledger.
Chaos would ensue and probably have satoshi come out of hiding or roll in his grave it that was the case.
Raja why are people still using binance? They are not safu.
https://www.youtube.com/watch?v=DelF6zEHXpE

You, Raja and you, don't seem to have an idea about trading.

[rebal15]

So reversing transactions is possible to help some people recover their bitcoins.

The apology came fast and the reorg case was just hypothetical.

Given how much I talk, I sometimes say the wrong stuff, dirty words like “reorg”, for which I apologize. It is my strong view that our constant and transparent communication is what sets us apart from the “old way of doing things”, even and especially in tough times.

He said it because he think it is possible.

A reorg would require 51% hash power. I dont think Binance have so much influence over the miners for this.

I think It is not 51% attack in this case. It is reversing transactions.

[Toxic2040]

+1 WOsMerit

hope you dont mind..want to bring a few things along for the trip

[rjclarke2000]

Hi guys,

Just returned here to see pumpy gifs and memes. I hope you are all well

I humbly suggest you the Permabulls chat on Telegram.
Here we are indulging a little bit on Gif's and meme, there is the only topic and effort.

I'm on there all the time. I'm a regular with another username

Thought you had that amazing Arnold HAT .............

No Arnold hat. I did ask but had no response. I’m not sure I’m here often enough to be worthy of a hat.

XhomerX made you this one

= avatar sized ...

Whaaaaaaaaaat! Awesome! Ty

[Globb0]

not rollback

[rdbase]

not rollback

If not rollback
when rollback?

If not when rollback
who rollback?

+1 WOsMerit

hope you dont mind..want to bring a few things along for the trip

WOsmerit for you!
Save paris architectural wonders by blasting them into space.

[fillippone]

Beautiful in so many ways.
I could stare it for hours.

[rebal15]

not rollback

If not rollback
when rollback?

If not when rollback
who rollback?

+1 WOsMerit

hope you dont mind..want to bring a few things along for the trip

WOsmerit for you!
Save paris architectural wonders by blasting them into space.

It is something serious. Most of you don't seem to care about BTC (or can't care). You are here for some reasons and waiting to sell.

[HairyMaclairy]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

[Toxic2040]

We will hodl a brief memorial at the close of the days bell to honor our valiant foes who fought bravely until the end.



*Due to the graphic nature of the following images GAINZ CORPTM recommends viewer discretion.

[El duderino_]

Hi guys,

Just returned here to see pumpy gifs and memes. I hope you are all well

I humbly suggest you the Permabulls chat on Telegram.
Here we are indulging a little bit on Gif's and meme, there is the only topic and effort.

I'm on there all the time. I'm a regular with another username

Thought you had that amazing Arnold HAT .............

No Arnold hat. I did ask but had no response. I’m not sure I’m here often enough to be worthy of a hat.

XhomerX made you this one

= avatar sized ...

Whaaaaaaaaaat! Awesome! Ty

Thank the HAT man “XhomerX10”

But use it (upload, Then it takes a while)

[rebal15]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

[Last of the V8s]

https://bitcoinmagazine.com/articles/op-ed-understanding-latest-fincen-guidance-cryptocurrencies/

You know, this is important stuff for all USA people scrabbling around doing bitcoin things

According to the guidance, it appears the following would need to register as an MSB:

Anyone exchanging or administering a token (called a convertible virtual currency, or CVC, in the guidance) who is not already regulated by the Commodity Futures Trading Commission (CFTC) or the U.S. Securities and Exchange Commission (SEC). This includes

    Peer-to-peer (LocalBitcoins/OTC)
    Custodial wallets (not your keys, not your coins)
    Crypto ATMs
    DAaps
    Mixers
    Crypto payment-processors
    DEX’s that don’t auto-execute and take custody in the middle of the trade
    ICO issuers who don’t register with the SEC
    Mining pool operators who host all the wallets on behalf of pool members

Peer-to-Peer: Services like LocalBitcoins or OTC trading, are still MSBs if the buyer or seller is advertising the services and/or making a profit from either crypto-to-crypto or fiat-to-crypto exchanges.

so, don't make a profit on OTC lol
and any of those other services must now KYC you


more commentary just in https://twitter.com/jchervinsky/status/1126999079035244544

[El duderino_]

Extraordinairy.
Soon five-digit and beyond!
Globb0 says, not rollback.


FOMO, please let them.
Greed, humanity’s best game.
Into to HODLsleep.

[rebal15]

Why we care about the price of BTC vs USD if we prefer BTC than fiat?

[El duderino_]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

[Last of the V8s]

TOP STORIES
Binance was hacked for allegedly 7000 BTC. There are several inconsistencies in their story, 1) the 2FAs of hundreds of customers being hacked is very unlikely, 2) the BTC was sent to Segwit addresses even though Binance doesn't use SW yet, 3) their math is a little off, "2% of their BTC" was lost in this hack, that means they have 350,000 BTC, so where is it? Their cold wallets only have 80,000. At this point, we're giving Binance and CZ the benefit of the doubt on this, because their best interests align with Bitcoin's best interests.

Tether received a friendly ruling from the NY Supreme Court with the Judge telling the NY AG and iFinex to sit down and figure this out. So far, iFinex is successfully fighting the bankers. Good job guys. It's also been rumored they've successfully raised the $1 billion for their IEO, so they will have a war chest the regulators can't touch. It can't be touched, because other similar funds have not recieved any scrutiny from the Feds.

Democrat Representative for California, Sherman, spoke about the reason for his bill banning "cryptocurrencies". Of course, this is aimed directly at Bitcoin and its institutional investors that are gearing up their investment. In no way is this bill aimed at shitcoins like Ripple or 0x or Tron. Pure and simple, can see that Bitcoin is scaring certain aspects of the profligate politician class. Imagine what the Fed and IMF are cooking up.

FINCEN released more guidance for what constitutes a (Money Service Business). This is a good write up, but to sum it up, all ICOs and tokens must register as MSBs with FINCEN. Lies about decentralization will not save them if they become successful. This type of guidance is likely to serve as ceiling to any of these centralized shitcoins and tokens.
 
PRICE
The price rise has been incredible, blowing through all FUD and all resistance on the charts. It thoroughly broke out of the rising channel and $6000, heading toward the ultimate resistance at between $63-6400. On the chart below, we've gotten rid of our target at $4200, because that is now unlikely. You can see the On Balance Volume is very bullish - it's much higher than the last time we were at these prices. Overall, we are still expecting a correction, but if it breaks $5000, it will probably won't spend much time below it.

CME volume is remaining strong, holding half of the record volume in early April.

sorry for long, but some of @AnselLindner 's takes here are pretty good even if they might annoy some