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

[Hueristic]

Customers Can Deposit Bitcoin to Bakkt’s Warehouse Starting Next Week

Bakkt will open its warehouse to customers’ bitcoin on Sept. 6 in anticipation of its impending futures contract offerings, the company announced Wednesday.

In a tweet, the Intercontinental Exchange-backed bitcoin futures provider said it would begin offering customers secure storage for bitcoin “to prepare for the launch” of its daily and monthly futures contracts on Sept. 23.

https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week

What kind of vault is in that warehouse?

Custody at our Core

Cybersecurity Program
Bakkt leverages one of the world’s most sophisticated cybersecurity programs, and the same systems that protect the New York Stock Exchange. Threats are identified from a “red team first” perspective and managed by a global team of security specialists. These experts collaborate closely with law enforcement and the global intelligence community to identify, analyze and prevent attempts at inbound intrusion. This results in a program that continuously adds controls to prevent the unauthorized access, disclosure, destruction, modification, or disruption of company data and prioritizes protections from a threat-objective driven approach.

https://medium.com/bakkt-blog/custody-at-our-core-15f6b26d16d6

It's all in the article.

They always sound convincing until the wallet is emptied.

https://bluewatercredit.com/shutdown-new-york-stock-exchange-coincidence-cyber-hack/

That’s right, HACK was displayed on digital banners, tickers, and baseball caps all over the exchange floor that next morning, ringing the bell to initiate the start of trading on a day after the cyber shut downs.

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[SuperTA]

the investor must buy bitcoins from another exchange and bring them to bakkt's custody. Then he makes the contract

wasnt bakkt supposed to buy the corn?

btw, what a disgusting red candle 

Nobody said that getting rich is easy. There will be plenty of shakeouts. But we didn't even drop bellow the support yet and we already getting drama. Imagine droping to 8k, what kind of drama would that be if we can't even hadle this minor drop. 

[BitcoinGirl.Club]

That's what I've been saying since the beginning. Just make it move. I don't care which way.   (in the long run, my choice is upwards obviously)

Okay 2nd time you said something before I say. What business you think will be profitable for both of us? 🤪

[Ibian]

I notice that we continue to remain OVER 9000!!! All is as it should be.

[BitcoinGirl.Club]

(in the long run, my choice is upwards obviously)

Is this something even need a mention? 🤪

[Hueristic]

A little, yet very important for bitcoin, history lesson:

https://wtfhappenedin1971.com/

My last merit well spent.


I have been saying for years our economic disparity has all stemmed from Nixon and been yelled down for it.

1971 was when the baby boomers started entering the workforce in large numbers ?  Up until then there was a post-war labor shortage?

It all started with the 1% thinking they were going to get a cheaper slave work force without thoughts of the long term consequences. Or maybe they already knew and just didn't care?

https://en.wikipedia.org/wiki/Richard_Nixon%27s_1972_visit_to_China

Meeting with Mao. From February 21 to 28, 1972, U.S. President Richard Nixon traveled to Beijing, Hangzhou, and Shanghai. Almost as soon as the American president arrived in the Chinese capital, Chairman Mao summoned him for a quick meeting.

[jbreher]

r0ach would have even more bragging rights (for traders) if he had mentioned RHODIUM's three month spike in price, up some 50% since 30 May (from some $2850 per oz to some $4450 today (depending on who's quoting), up over $100 since yesterday):

https://apps.catalysts.basf.com/apps/eibprices/mp/DPCharts.aspx?MetalName=Rhodium%20%20%20%20%20%20%20%20%20%20%20%20%20&Market=EIB

Rhodium is a platinum group metal, very rare, used in automotive catalysts, searchlights and as the watchface numerals in some Rolex watches.  

You know, in case you care.  :p

Unlike r0ach, I'd rather hold Au over Ag.

If I'm not mistaken, Bawb gots himself some Rhodium. In the form of a limited-edition Neumann U87.

No rhodium for me. Too esoteric. How do you trade it after the zombie apocalypse? (and anyhow, my Neumanns are in traditional nickel and subdued black matte).

[bkbirge]

r0ach would have even more bragging rights (for traders) if he had mentioned RHODIUM's three month spike in price, up some 50% since 30 May (from some $2850 per oz to some $4450 today (depending on who's quoting), up over $100 since yesterday):

https://apps.catalysts.basf.com/apps/eibprices/mp/DPCharts.aspx?MetalName=Rhodium%20%20%20%20%20%20%20%20%20%20%20%20%20&Market=EIB

Rhodium is a platinum group metal, very rare, used in automotive catalysts, searchlights and as the watchface numerals in some Rolex watches. 

You know, in case you care.  :p

Unlike r0ach, I'd rather hold Au over Ag.

If I'm not mistaken, Bawb gots himself some Rhodium. In the form of a limited-edition Neumann U87.

No rhodium for me. Too esoteric. How do you trade it after the zombie apocalypse? (My Neumanns are in traditional nickel and subdued black matte).

U67 or GTFO

[Ludwig Von]

r0ach would have even more bragging rights (for traders) if he had mentioned RHODIUM's three month spike in price, up some 50% since 30 May (from some $2850 per oz to some $4450 today (depending on who's quoting), up over $100 since yesterday):

https://apps.catalysts.basf.com/apps/eibprices/mp/DPCharts.aspx?MetalName=Rhodium%20%20%20%20%20%20%20%20%20%20%20%20%20&Market=EIB

Rhodium is a platinum group metal, very rare, used in automotive catalysts, searchlights and as the watchface numerals in some Rolex watches. 

You know, in case you care.  :p

Unlike r0ach, I'd rather hold Au over Ag.

If I'm not mistaken, Bawb gots himself some Rhodium. In the form of a limited-edition Neumann U87.

No rhodium for me. Too esoteric. How do you trade it after the zombie apocalypse? (My Neumanns are in traditional nickel and subdued black matte).

Neumann, you are a musician or a sound engineer?

[mindrust]

That's what I've been saying since the beginning. Just make it move. I don't care which way.   (in the long run, my choice is upwards obviously)

Okay 2nd time you said something before I say. What business you think will be profitable for both of us? 🤪

What business?

Food business is disgusting. Don't think its a good idea.

A pub? I am OK.

I am OK with pretty much anything as long as It is in a city near the beach tbh. I can't stand to live in somewhere without any sea sight. (that's why I like islands so much 7/24 seasight)Let's do AirBNB, unlicensed hotels. Buy 10 flats in a touristic place and rent them away.   (already too over-saturated probably)

As long as you own the place/property it is impossible to not make any money.

Trading however, man I wish I had so many throw away money. I would only trade on Binance (or on whatever good exchange at that time). Wouldn't give a fuck about anything else probably. Without having to worry when you make trades and having the luxury to wait forever to get the position you wanted... It is super most awesome than anything.

(in the long run, my choice is upwards obviously)

Is this something even need a mention? 🤪

Some people believe I'm a crypto bear.  

[JimboToronto]

I guess $8k coming up?

OH noo nooo nooooo! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOooo

$8k INCOMIIIIIIIIIING

https://www.healthline.com/health/how-to-stop-a-panic-attack

Quick! Benzos for all.

(I'll stick to booze.)

[realr0ach]

r0ach would have even more bragging rights (for traders) if he had mentioned RHODIUM's three month spike in price, up some 50% since 30 May (from some $2850 per oz to some $4450 today (depending on who's quoting), up over $100 since yesterday):

Main problem with rhodium is it's not a monetary metal so does absolutely nothing to protect against deflation.  Let's say all the banks implode tomorrow in another 2008 event.  The price of Rhodium will go from $4500 to like $450 practically overnight, while things like silver and gold will gain in relative purchasing power instead.  We're too late in the game to be gambling in the casino.  Some enormous economic implosion, govt staged false flag, or war can go off any second nowadays.

That's the main reason I don't have any motivation to wander outside of monetary metals, although I did almost buy some rhodium in 2016.  The world is in a monetary crisis, not a rhodium crisis, so you have to hedge against that with monetary metals.  If you're sitting on bucket loads of money you have no idea what to do with then yea, might as well buy some Rhodium for the hell of it to diversify (not at these prices, though).  I also expected the evil cult of Judaism would attempt to force some type of escalation with Iran, North Korea, China, Russia, or whoever by now, and I didn't want to be holding Rhodium over silver when that happens if some big conflict breaks out which also causes economic collapse and you need local liquidity.

The fact that virtually nobody deals with rhodium on a local level is sort of a deal breaker.  Liquidity-wise, it's equivalent to trying to hodl uranium.  I don't want to walk outside, see "CLOSED" signs on all the banks and ATMs, and just stand there holding a completely illiquid asset I can do nothing with while everyone holding silver and gold becomes rich as I lose money and die of starvation.

[jbreher]

Followup:

WOgame. Right now. Where am I?



If you don't get it post haste, I'll add pixels.

Toxic2040 first on track in less than ten minutes. Unfortunately, does not understand the difference between 'who' and 'where' (I keed, I keeeed). Silver Star.

Krubster also on the ball. With sufficient specificity to claim the Gold Star.

LFC_Bitcoin went the extra mile, nailing it down to a street address, though later than the sufficiently specific Krubster. Silver Star co-award.



No text (oops), but I did get the Bitcoin Training Conference 2019 logo.

Before posting, I should have thought about an actual award (other than the coveted stars, of course). Working from the seat of my pants....

Gold Star: Krubster wins $100 USD worth of crypto.

SIlver Star: Toxic2040 and LFC_Bitcoin each win $50 USD worth of crypto.

Payable in each winner's choice of BCH (ha!) or BSV (haha!). PM me your addresses, gentlewinners.

Good job, all.

[infofront]

How goes it info?  Missed capturing the last poll you posted...but it was bitcoin for my vote. Wanted to challenge you to come back to that question when your over 50+ years young.   
Best wishes to you and your fam

It's going pretty well - just no free time. C'est la vie! How was your trip?

[jbreher]

If I'm not mistaken, Bawb gots himself some Rhodium. In the form of a limited-edition Neumann U87.

No rhodium for me. Too esoteric. How do you trade it after the zombie apocalypse? (My Neumanns are in traditional nickel and subdued black matte).

U67 or GTFO

For some uses, yes. Others, not so much.

Besides, I don't think the U67 ever shipped in Rhodium Edition.

[jbreher]

If I'm not mistaken, Bawb gots himself some Rhodium. In the form of a limited-edition Neumann U87.

No rhodium for me. Too esoteric. How do you trade it after the zombie apocalypse? (My Neumanns are in traditional nickel and subdued black matte).

Neumann, you are a musician or a sound engineer?

Yes.

Seems to be quite a few of us hereabouts.

[Ludwig Von]

If I'm not mistaken, Bawb gots himself some Rhodium. In the form of a limited-edition Neumann U87.

No rhodium for me. Too esoteric. How do you trade it after the zombie apocalypse? (My Neumanns are in traditional nickel and subdued black matte).

Neumann, you are a musician or a sound engineer?

Yes.

I am a lighting fag... . 

[realr0ach]

[SuperTA]

There is almost 5x more longs than shorts. So maybe they would like to rekt some longs before the next run to the upside.
That's how they like to play the game.

[realr0ach]

There is almost 5x more longs than shorts.

Which tells you the market is being insanely artificially propped upwards, otherwise it would have spectacularly imploded in any real market setting already.  Oh yes, and there are enormous numbers of Chinese people and Tethers involved.  The only people on the planet to rival or surpass western, Jewish markets in fraud.