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

[savetherainforest]

$50,000 in one hour

Sounds Legit.

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[marcus_of_augustus]

Convincing?

convincing for an admstgBit-sized stash ... but mostly tongue-in-cheek

[El duderino_]

[serveria.com]

The flipside is the price is much more vulnerable to regulatory interference.  If Grayscale has regulatory problems, the price will be adversely affected. Putting regulatory issues aside, we can ask ourselves - where to from here?

Right now probably yes... but... once all other big players will go all in on bitcoin this threat will be reduced.  

Sure.  But right now Grayscale poses the same systemic risk as Mt Gox.  It’s not going to kill Bitcoin but it’s enough to put you off your cornflakes.  

Interestingly Grayscale uses Coinbase Pro custody services.  If Coinbase gets hacked, all hell will break loose. 

Funny but it's the second time today I hear about coinbase possibly getting hacked... do they have poor security record? How many times have they been hacked?  

[serveria.com]

Haha hilarious! +1 WO merit. 

[UnDerDoG81]

ok that was quite a convincing dump ... right on adam's schedule at ~32K

think we can confidently call that adamstgBit's dump ... who knows why anyone would go buy some fiat right at the beginning of potential hyperbitcoinisation, but there it is.

think we can expect other part-timers to hop off around $40k, $50k etc ... Winklevoss twins talked about 40k 5-6 years ago, I would bet they buy back some fiat around then too.

most people aren't really into bitcoin for the bitcoins, they really want more fiat from riding the bitcoin escalator ... only at the end of a hyperbitcoinisation phase will that mentality truly change ... they'll be wheeling US dollars around in a barrow ... think about that for a minute.


... also you may want  to try and wrap your head around a world where bitcoin is the global reserve money and $200 trillion in fiat-driven debt has evaporated in a singular monetary event ... I'm not saying that will happen but it is difficult to predict what happens with the current established power structures in that scenario, e.g. money == power

If I would sell my btc to fiat I would immediately invest in something else. Dont ask me what, I never researched that because not planning to sell. But never would hold fiat in big amounts.

[explorer]

What's next?  Proceed parabolic on the log chart, or stick to the 3 month channel?  Either way is  choo choo.

[heslo]

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

[sirazimuth]

.....
Funny but it's the second time today I hear about coinbase possibly getting hacked... do they have poor security record? How many times have they been hacked?  

0

[serveria.com]

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

Just another pathetic FUD attempt. Tether=scam for some bitcoiners. Every mention causes butthurt to some peeps (not me).  

[ivomm]

This is what happened on kraken BTC/EUR earlier today. It was either a n00b fat finger, or kraken's server malfunctioning (again). This is a trading feat which is the typical n00b bible in 3 steps:
1. Sell 20% lower than the other exchanges.
2. Rebuy 20% higher.
3. For better results do it regularly on kraken.

[explorer]

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

  Way too much money there for it to be uncorrupted, but they proceed as if there is no issue.  Just confident in their game, I guess.

[explorer]

This is what happened on kraken BTC/EUR earlier today. It was either a n00b fat finger, or kraken's server malfunctioning (again). This is a trading feat which is the typical n00b bible in 3 steps:
1. Sell 20% lower than the other exchanges.
2. Rebuy 20% higher.
3. For better results do it regularly on kraken.

Leverage and insufficient liquidity?

[eddie13]

Europeans scare easily? Weak hands?

[El duderino_]

Europeans scare easily? Weak hands?

I’m EU think again

[ivomm]

Europeans scare easily? Weak hands?

This was a single sale -20% at the time when the price on other exchanges was -3%. The liquidity on kraken can't handle well big sells, this is well known. Besides, kraken trading freezes often during intense pumps. In such occasions it is possible some sell for example to go wrong ignoring the bids and chosing some bid -20%. It happened to me once in 2017, and to many others both on kraken and coinbase during these freezings.

[UnDerDoG81]

Yeah today serious amounts of Bitcoins got sold. I bet those guys/girls crying right now. Plan did not work out to crash the price down to like 25k. Unfortunately. Would be the perfect chance to buy some more. Missed the train since like 25k lol...

[explorer]

Europeans scare easily? Weak hands?

I’m El DUde think again

[marcus_of_augustus]

If I would sell my btc to fiat I would immediately invest in something else. Dont ask me what, I never researched that because not planning to sell. But never would hold fiat in big amounts.

... just ask to pay for it in btc when the time to acquire new assets comes around, totally eliminate gubmint fiat from the equation is how we get to the future.

[marcus_of_augustus]

... seems like material info
https://www.coindesk.com/bitcoin-worth-1b-leaves-coinbase-as-institutions-fomo-buy-analyst

Institution-focused Coinbase Pro exchange registered an outflow of over 35,000 bitcoin (BTC, +9.44%) worth more than $1 billion early Saturday, according to data source CryptoQuant.
The large outflow comes a day after 12,063 coins left the exchange and represents institutional FOMO (Fear Of Missing Out) buying, according to Ki Young Ju, CEO of the Korea-based blockchain analytics firm CryptoQuant.