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

[d_eddie]

The EU decided to lower the interest rates,

You made me think of Christine, and I felt inspired!


There was an old lady in EE-YOU
Who thought she could clean up, renew
She called it progress
Come kiss my big ass!
A load of BS, this I tell you





#limerick
#limerickristine

[d_eddie]

A piece on cointelegraph about Robinhood buying Bitstamp (excerpt)
https://cointelegraph.com/news/startups-hedge-risk-bitcoin-tim-draper
200M, all cash.

Robinhood agreed to buy crypto exchange Bitstamp in a $200 million all-cash deal. Bitstamp, founded in 2011, is one of the largest crypto exchanges in Europe, and will therefore provide a boon to Robinhood's global expansion plans. “The acquisition of Bitstamp is a major step in growing our crypto business," said Johann Kerbrat, general manager of Robinhood Crypto " Through this strategic combination, we are better positioned to expand our footprint outside of the U.S. and welcome institutional customers to Robinhood.”

[Biodom]

Never cared much about Bitstamp or Robinhood for that matter.
Robinhood hurt their customers by not allowing buying in GME in 2021 (most likely because GME hurt Griffin's "feelings").

Just imagine if they (for some crazy reason) would tell you that your bitcoin is only for sell and not for buying and make an excuse of "too much volatility".
They (Robinhood) are not to be trusted...forever and ever...

vibes...
https://www.youtube.com/watch?v=G3LvhdFEOqs

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

Browsing through Cointelegraph while looking for news about the Robinhood-Bitstamp deal, I found this nice bit of bull fodder. Another drop in our daily shot of hopium, what do you think?

https://cointelegraph.com/news/startups-hedge-risk-bitcoin-tim-draper

Companies should start using Bitcoin as a way of hedging risk, according to venture capitalist Tim Draper.

--snip--

“Put a third of your money in a big bank,” said Draper. Then, “put a third of your money in a small bank” because “the U.S. government can bail out a small bank,” and finally, “put a third of your money in Bitcoin.”

Elsewhere in the same news article, Draper is quoted to have said: "I told all my companies you’ve got to have a treasury department now.” Not suggesting. Demanding. HIS own companies. This smells like Saylor's schooling coming through.

[philipma1957]

Never cared much about Bitstamp or Robinhood for that matter.
Robinhood hurt their customers by not allowing buying in GME in 2021 (most likely because GME hurt Griffin's "feelings").

Just imagine if they (for some crazy reason) would tell you that your bitcoin is only for sell and not for buying and make an excuse of "too much volatility".
They (Robinhood) are not to be trusted...forever and ever...

vibes...
https://www.youtube.com/watch?v=G3LvhdFEOqs

So now that bitstamp is corrupted by robinhood can we use https://aggr.trade/5c9n

for official btc price?

[Gachapin]

I just recognized that stamp wants 0.0005 BTC for a single withdrawal. That's about 35$ rn. Are they crazy ?
it's 7x the cost of a transaction
On top of that, they batch transactions which makes it even cheaper for them.

Fuck it, I think I'm done with stamp

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

I just recognized that stamp wants 0.0005 BTC for a single withdrawal. That's about 35$ rn. Are they crazy ?
it's 7x the cost of a transaction
On top of that, they batch transactions which makes it even cheaper for them.

Fuck it, I think I'm done with stamp

Lol you should see how much poloniex wants for BTC withdrawal. CEXes want to keep your Bitcoin hostage. Stay away from centralized services, guys!

[d_eddie]

I just recognized that stamp wants 0.0005 BTC for a single withdrawal. That's about 35$ rn. Are they crazy ?
it's 7x the cost of a transaction
On top of that, they batch transactions which makes it even cheaper for them.

Fuck it, I think I'm done with stamp

That's the way it goes
Bee tee cee for the masses
They always get fleeced




#haiku

[Biodom]

I just recognized that stamp wants 0.0005 BTC for a single withdrawal. That's about 35$ rn. Are they crazy ?
it's 7x the cost of a transaction
On top of that, they batch transactions which makes it even cheaper for them.

Fuck it, I think I'm done with stamp

Lol you should see how much poloniex wants for BTC withdrawal. CEXes want to keep your Bitcoin hostage. Stay away from centralized services, guys!

They want you to stay there because they probably run fractional reserve and do not have all btc that they suppose to.
Glimpses of FTX throughout?

[Torque]

The EU decided to lower the interest rates, so even though they announced that, it surprised me a little that they did it before US. Canada did the same recently, and before that interest rates were reduced by Switzerland and Sweden. That should be good news, right?

Good news? It depends on your point of view.

When countries decide to to lower interest rates, it signals that either things are about to, or are in the process of, coming unglued.

I.E., the proverbial economic shit is hitting the fan.

And they need to print up more cheap money to plug the holes before the dam breaks.

(They also want to provide their financial masters with a shit load of cheap dry powder to buy up the bottom of the market when it crashes)

It's a rigged boys club, and we ain't in it.

[Paashaas]

I just recognized that stamp wants 0.0005 BTC for a single withdrawal. That's about 35$ rn. Are they crazy ?
it's 7x the cost of a transaction
On top of that, they batch transactions which makes it even cheaper for them.

Fuck it, I think I'm done with stampn

I woudn't mind paying 0.0005 BTC when selling x coins when the price is $250.000 next year.

[Gachapin]

I just recognized that stamp wants 0.0005 BTC for a single withdrawal. That's about 35$ rn. Are they crazy ?
it's 7x the cost of a transaction
On top of that, they batch transactions which makes it even cheaper for them.

Fuck it, I think I'm done with stampn

I woudn't mind paying 0.0005 BTC when selling x coins when the price is $250.000 next year.

It's "only" around 1k that I have left there. Thought to get it out.

I know they raised their fees in 2017 when the fork war pushed up the fees. But now they just fuck their customers. Back in the days Bitstamp withdrawals were for free

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

I just recognized that stamp wants 0.0005 BTC for a single withdrawal. That's about 35$ rn. Are they crazy ?
it's 7x the cost of a transaction
On top of that, they batch transactions which makes it even cheaper for them.

Fuck it, I think I'm done with stampn

I woudn't mind paying 0.0005 BTC when selling x coins when the price is $250.000 next year.

Hmm X 3,54 from here

Let the good times roll.

[Biodom]

was listening/watching some good old tunes this am (on vacation).
Then..this came up (Rush):

https://www.youtube.com/watch?v=auLBLk4ibAk

...almost bitcoiner's motto...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

observing 70,954@Stamp.

Speaking of which:

ROBINHOOD TO BUY BITSTAMP, A GLOBAL CRYPTOCURRENCY EXCHANGE

Is going to be Robinood the WO elected venue for Wall Observing?

That is crazy news… I’m not sure how I feel about it from a personal perspective but overall for the industry this is incredibly bullish. Robinhood is known for having high risk investors and pairing them with on-ramps for crypto is probably a good match that will benefit everyone. I just hope bitstamp’s service doesn’t decline as a result.

You are kidding, right? It's been practically dead for several years. Not only because of the poor liquidity and high fees, but mainly because of the new ridiculous KYC requirements. At first I thought the numerous letters in my email to be some spam, but after login I was astonished they were true. They wanted from me to provide origin of  my fiat savings, like bank account statements to prove I got income. There were other similar things like the origin of my crypto, proof of mining, etc. So, at that very moment I closed  my account there forever.

I can understand that opinion.  Kraken & Gemini did the same thing to me, or actually a little worse but I won't go into that too much.  I would never use either one of them again either. 

I guess I don't really worry about Bitstamp because I haven't used their service in like a decade so if it's declined then I would be unaware.  Also, my account is fully verified and KYC'd already so I'm not sure what else I could provide them.  I'd happily let them know where any BTC I get that touches their platform came from, but can understand there are those that wouldn't.  I'm on my best behavior when it comes to exchanges, at least until my mtgox BTC is distributed and held in self-custody.