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

[serveria.com]

If they print tether out of thin air and don't actually have the USD reserves, wouldn't that be just like printing USD out of thin air?

If tether is outed as a scam, wouldn't peopl just sell as much tether as they could for BTC? How would that make BTC dump?

"Tether is a scam so I'm going to sell Bitcoins for tether.." I don't think so..

If a scam came out wouldn't people just be dumping tether for BTC, WDing, and running away with whatever they could?

I don't see how this printing of tether is a bad thing for BTC..

They are just printing more buy orders for BTC, and if it turns out to be a scam, Wouldn't it all just get dumped for BTC?

How does a scam in tether hurt BTC? Wouldn't it just reinforce the fact that Bitcoin is scure, and other shitcoins like centralized tether are not secure or safe compared to Bitcoin?

How is it that everyone has already forgotten that Tether (OK, the company behind it) has already admitted that their claim of 100% USD backing is a lie?

eta: Reading further, I see that Pepperidge Farm remembers.

Nobody gives a damn about tether... 

[Globb0]

Very interesting tweet from @loop based on @coinmetrics

The amount of BTC held by BitMEX and Bitfinex has reached new lows following the March 12th crash. Bitfinex now holds 93.8K BTC, down from 193.9k on March 13th. BitMEX’s BTC supply is now down to 216.0K BTC, down from a peak of 315.7K on March 13th. H/T @coinmetrics

https://twitter.com/lopp/status/1260189246511513601?s=21

The mid March market crash scared the traders, not the holders. He who wanted to gamble their funds, kept them on hot wallet on the exchanges (those are the traders). They lost their funds towards the holders. The holders, being savvy and knowing that “not your keys, not your bitcoin”, withdrew their funds from the exchanges.

How do you extrapolate all of that from that graph? some go up some go down average seems about straight. Maybe they moved exchanges, maybe an exchange decided to run down its money. Seems like complex equivalence to blame some saying, or sudden change in trader mentality.

[El duderino_]

[Globb0]

Tether is the weakest link and a prime target, so it's not a matter of if Tether will go down but a matter of when...

Let me, for a second, go along with your presumption that bitcoin is vulnerable to losing value because tether is propping up its price too much by causing more liquidity than what would otherwise be present.
 That is a pretty BIG presumption.. but let's just accept such presumption as a given.

Then...

What if Tether goes down in 50 years?  Why the fuck should we care?

Let's make it a shorter period of time.  What if it goes down in 10 years?  That is still pretty far into the future too.

No, no, no... you are presuming Tethers impeding death... because regulators have been going after it for years and years... therefore, it must be impending to die sooner than 50 years, right?

It could go any minute, right?

That's what she said.

Tether goes down? surely people will be scrambling to get out of it? where could they move to?

Can you tether to usd ? I thought that was the point, the places didn't have USD?

[Globb0]

this just in

Proudhon cures Covid!

https://www.sciencealert.com/llama-blood-could-play-a-role-in-helping-people-fight-off-coronavirus-infections

[soullyG]

too... many... pages....

must... keep... going...

I took a 6 month break once, when I came back it literally took 3 days to catch up on all the messages..never again..

[marcus_of_augustus]

Covid-19 A Result of Lab Manipulation? Suspicions Grow...

Those doing gain of function research "prior" on these virus that were shipped to Wuhan are by law, complicit in murder, mass murder in over 100 countries.
It should surprise no one that those whose names are on those research papers, especially from gain of function research, and coordination with Wuhan are doing everything they are able to prevent Hague hearings.
Those who funded, transported, researched, supplied, and managed all the above know the precedent set after WWII. They ALL hung with the butchers.
Propaganda ministers and writers were right beside them ... media writers, TV reporters, managers, producers, internet execs deleting real info and putting out disinformation need remember that.

https://www.cbsnews.com/video/american-scientist-murdered-in-crete-suffered-a-slow-death-forensic-pathologists-say/

American scientist murdered in Crete suffered a slow death, forensic pathologists say
We're getting a closer look at the site in Greece where an American scientist was found dead. Greek police tell CBS News they are conducting DNA tests on several people in connection with the murder of Suzanne Eaton.

[ivomm]

Tether, i.e. Bitfinex was the main driving force of the bull run in 2017 until Q4. Let's not forget that the most important run from $800 to $2900 was caused by the inability to withdraw fiat in Bitfinex. People were buying bitcoins and tranferring them to other exchanges. On the day the withdrawals were permitted again, the price fell by 40%. However, since Q4 2017 Bitfinex gradually lost its leading role. Now the daily volume is 2.5x less than Bitstamp's. All of the recent pumps/dumps did not start on Bitfinex. A curious thing though is that the order books of Bitfinex are much fatter than on Bitstamp. For example 1500BTC are put up to 10K in Bitstamp, compared to 4000BTC on Bitfinex. This thing hasn't changed since 2017. It shows the difference of the traders culture. Nowadays, there are many n00b traders on Bitstamp and especially Coinbase, who do not put limit sells. They just press the sell button if there is 1-2% increase, which often results in actual selling 5-10% below the current price, because of the overload of the exchange when multiple market sells are executed at once. There are millions chinese still solving captchas for cents and at the same time trading on exchanges. They jump to the ceiling if they can manage to get 1$ profit per day.

[Indymoney]

I wonder how the WO looks like in 2021 - 2024 range.

I guess we'll have to move to Instagram to share our lambos/hot models/villas/100k party pics... 

I like this idea so now time to move

[Last of the V8s]

ahahahahah

the Crete police dismisseth us

[serveria.com]

I wonder how the WO looks like in 2021 - 2024 range.

I guess we'll have to move to Instagram to share our lambos/hot models/villas/100k party pics...  

I like this idea so now time to move

Lil pump underway btw...   Vegeta here we come!

[boumalo]

The price has been raising with higher highs and higher lows since the 8157 low on may 11th 08:05PM

Think we could go up close/past the previous short term top of 9164.5

[Globb0]

[OutOfMemory]

It WAS over 9000 again 
Have a nice afternoon.

[lightfoot]

Looks like it's hanging on AT 9000!!!!!

(again)

[LFC_Bitcoin]

[vroom]

the day we cross 9000 for the last time will be my personal holiday. Die vegeta, die!

[bitbollo]

[El duderino_]

Haha lol 

[HeRetiK]

the day we cross 9000 for the last time will be my personal holiday. Die vegeta, die!

It really feels like watching a DBZ episode at this point