Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21890. (Read 26711027 times)

legendary
Activity: 1120
Merit: 1003
twet.ch/inv/62d7ae96
When does GBTC go live?
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink

I just had a 235.07 sell order filled, from a 214.xx buy barely a week ago. Im happy.  Grin

Congratulation to your 5$ profit!! I am really happy for you   Cheesy

235-214=5? You were perma-high on a math in school? Grin

Well, maybe there was only 0,5 BTC traded?
I know, I'm a genius.

0,25

You're the genius.
sr. member
Activity: 418
Merit: 250
No. Not what the article implies.

Read the two quotes from the investors. They do not mention bitcoin nor crytocurrencies, intead they say "digital payments". 

Apart from the investment, the big news in the article is basically

Quote
And for the first time, we're giving Circle customers the ability to hold, send, and receive US dollars as well as bitcoin -- instantly, securely, and with no fees. In addition to sending and receiving dollars, customers can also enjoy the benefits of the Bitcoin network without the risk of price volatility. [ ... ] Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. [ ... ]  This way, customers can choose to view Bitcoin not as a new currency to replace the dollar, but as an Internet payment network that enables secure, instant, global and nearly free payments.

Ditto for the plans to service China:  since the Chinese merchants and services cannot quote their prices in bitcoins, Circle will be a way to convert bitcoins or dollars in the US to yuan in China.  Guess which of the two services may generate enough fees to repay 50 M$ of investment. (BitPay's bitcoin-to-dollar service processed ~160 M$ of payments in the whole of 2014, which may have generated 3--4 M$ of fee revenue at most.)

By the way, the article says

Quote
Dollar account balances held by Circle customers are FDIC-insured.

When Coinbase opened their exchange they too made this claim.  Somewhere in their FAQ, however, it was explained that Coinbase's bank account was FDIC insured against failure of the bank, for the standard 250'000 $ total.  They also claimed that they were licensed to operate in NY and CA, when in fact they just had assumed, erroneously, that they did not need licenses there; and that their BTC holdings were insured by a private company, when only the 5% max that they keep in their hot wallet was.

I wonder if Circle's statement above too is making full use of the wonderful flexibility of the English language?

I understood that they are approaching the problem of volatility in the same way as Coinapult, Cubits, etc, and I suspect many more in the coming months. That would make sense given the context.
I’m not a die-hard bitcoin believer who thinks it will go to $1 million and become the world’s no. 1 currency, and I can see lots of faults with bitcoin that may or may not be fixed. I can see the potential of it, and the potential of blockchain tech more generally. At least I keep an open mind. You have already made your mind up and filter everything through that decision. Which I find strange, for someone who is supposed to be a scientist. You are not remotely objective about this, which puts you in the same category as the ‘moon’ crowd.



Well said!
legendary
Activity: 1260
Merit: 1002

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink

I just had a 235.07 sell order filled, from a 214.xx buy barely a week ago. Im happy.  Grin

Congratulation to your 5$ profit!! I am really happy for you   Cheesy

235-214=5? You were perma-high on a math in school? Grin

Well, maybe there was only 0,5 BTC traded?
I know, I'm a genius.

0,25
hero member
Activity: 518
Merit: 500
Trust me!

His scenario would imply coins to go to a few USD each, which would imply that the total market cap would be something like $30m which is completely nonsensical. Fractals are tricky, though it's very hard to gauge their scale!
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink

I just had a 235.07 sell order filled, from a 214.xx buy barely a week ago. Im happy.  Grin

Congratulation to your 5$ profit!! I am really happy for you   Cheesy

235-214=5? You were perma-high on a math in school? Grin

Well, maybe there was only 0,5 BTC traded?
I know, I'm a genius.
legendary
Activity: 1764
Merit: 1031
No. Not what the article implies.

Read the two quotes from the investors. They do not mention bitcoin nor crytocurrencies, intead they say "digital payments". 

Apart from the investment, the big news in the article is basically

Quote
And for the first time, we're giving Circle customers the ability to hold, send, and receive US dollars as well as bitcoin -- instantly, securely, and with no fees. In addition to sending and receiving dollars, customers can also enjoy the benefits of the Bitcoin network without the risk of price volatility. [ ... ] Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. [ ... ]  This way, customers can choose to view Bitcoin not as a new currency to replace the dollar, but as an Internet payment network that enables secure, instant, global and nearly free payments.

Ditto for the plans to service China:  since the Chinese merchants and services cannot quote their prices in bitcoins, Circle will be a way to convert bitcoins or dollars in the US to yuan in China.  Guess which of the two services may generate enough fees to repay 50 M$ of investment. (BitPay's bitcoin-to-dollar service processed ~160 M$ of payments in the whole of 2014, which may have generated 3--4 M$ of fee revenue at most.)

By the way, the article says

Quote
Dollar account balances held by Circle customers are FDIC-insured.

When Coinbase opened their exchange they too made this claim.  Somewhere in their FAQ, however, it was explained that Coinbase's bank account was FDIC insured against failure of the bank, for the standard 250'000 $ total.  They also claimed that they were licensed to operate in NY and CA, when in fact they just had assumed, erroneously, that they did not need licenses there; and that their BTC holdings were insured by a private company, when only the 5% max that they keep in their hot wallet was.

I wonder if Circle's statement above too is making full use of the wonderful flexibility of the English language?

I understood that they are approaching the problem of volatility in the same way as Coinapult, Cubits, etc, and I suspect many more in the coming months. That would make sense given the context.
I’m not a die-hard bitcoin believer who thinks it will go to $1 million and become the world’s no. 1 currency, and I can see lots of faults with bitcoin that may or may not be fixed. I can see the potential of it, and the potential of blockchain tech more generally. At least I keep an open mind. You have already made your mind up and filter everything through that decision. Which I find strange, for someone who is supposed to be a scientist. You are not remotely objective about this, which puts you in the same category as the ‘moon’ crowd.
hero member
Activity: 560
Merit: 500

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink

I just had a 235.07 sell order filled, from a 214.xx buy barely a week ago. Im happy.  Grin

Congratulation to your 5$ profit!! I am really happy for you   Cheesy

235-214=5? You were perma-high on a math in school? Grin
newbie
Activity: 38
Merit: 0
So many math geniuses running around here, because...bitcoin.

This price action reminds me of ~250. Solid support, shorts closing...til it drops further.
hero member
Activity: 748
Merit: 500

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink

I just had a 235.07 sell order filled, from a 214.xx buy barely a week ago. Im happy.  Grin

Congratulation to your 5$ profit!! I am really happy for you   Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 406
Merit: 251

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink

I just had a 235.07 sell order filled, from a 214.xx buy barely a week ago. Im happy.  Grin

Good for you! I thought you were a bear, but appearently not  Wink
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
yea, well...too bad it wont go higher.

It doesn't need to. Lots of fun to come in the 200-300 price range.

fun starts below 150.

Fun starts when GBTC trades



I am not giving a single fuck about some fund selling its shares. but you bulls are putting a lot of hopes in it. meaning...

Wink


Bitcoin believers hates fiats and banksters and think that BTC is solution for fiat system but they love news about some banksters throwing cents into some BTC start-up.
Why? Beause bitcoiners think that price will rise and they'll earn some fiats LOL

What a fucking hipocrisy  Cool
When skyvly starts fighting straw men that's when you know we're going up.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink

I just had a 235.07 sell order filled, from a 214.xx buy barely a week ago. Im happy.  Grin
sr. member
Activity: 406
Merit: 251
yea, well...too bad it wont go higher.

It doesn't need to. Lots of fun to come in the 200-300 price range.

fun starts below 150.

Fun starts when GBTC trades and we jump up again really testing shorters. Oh and you buy us up higher when you cover.

AFAIK, this is likely in 3 hours. Could be epic or just fizzle out. But I have set a timer to alert me Wink
legendary
Activity: 1232
Merit: 1011

Bitcoin believers hates fiats and banksters and think that BTC is solution for fiat system but they love news about some banksters throwing cents into some BTC start-up.
Why? Beause bitcoiners think that price will rise and they'll earn some fiats LOL

What a fucking hipocrisy  Cool


you noticed that too?

dicks are hard around here when names like goldman sachs are mentioned.
hero member
Activity: 560
Merit: 500
yea, well...too bad it wont go higher.

It doesn't need to. Lots of fun to come in the 200-300 price range.

fun starts below 150.

Fun starts when GBTC trades



I am not giving a single fuck about some fund selling its shares. but you bulls are putting a lot of hopes in it. meaning...

Wink


Bitcoin believers hates fiats and banksters and think that BTC is solution for fiat system but they love news about some banksters throwing cents into some BTC start-up.
Why? Beause bitcoiners think that price will rise and they'll earn some fiats LOL

What a fucking hipocrisy  Cool
8up
hero member
Activity: 618
Merit: 500


We are building a rock-bottom here. I would actually be surprised if we see "more" than a flashcrash á la Silkroadcrash. Besides that, I am looking forward to further stabilization of the price. The track record shows almost 4 month in between 210 and 300. The longer the price stays in this range the better for the whole bitcoin economy.
hero member
Activity: 910
Merit: 1003
No. Not what the article implies.

Read the two quotes from the investors. They do not mention bitcoin nor crytocurrencies, intead they say "digital payments". 

Apart from the investment, the big news in the article is basically

Quote
And for the first time, we're giving Circle customers the ability to hold, send, and receive US dollars as well as bitcoin -- instantly, securely, and with no fees. In addition to sending and receiving dollars, customers can also enjoy the benefits of the Bitcoin network without the risk of price volatility. [ ... ] Customers with dollar accounts gain all of the benefits of digital currency -- instant, secure and free payments to anyone in the world -- without holding or explicitly converting dollars into bitcoins. [ ... ]  This way, customers can choose to view Bitcoin not as a new currency to replace the dollar, but as an Internet payment network that enables secure, instant, global and nearly free payments.

Ditto for the plans to service China:  since the Chinese merchants and services cannot quote their prices in bitcoins, Circle will be a way to convert bitcoins or dollars in the US to yuan in China.  Guess which of the two services may generate enough fees to repay 50 M$ of investment. (BitPay's bitcoin-to-dollar service processed ~160 M$ of payments in the whole of 2014, which may have generated 3--4 M$ of fee revenue at most.)

By the way, the article says

Quote
Dollar account balances held by Circle customers are FDIC-insured.

When Coinbase opened their exchange they too made this claim.  Somewhere in their FAQ, however, it was explained that Coinbase's bank account was FDIC insured against failure of the bank, for the standard 250'000 $ total.  They also claimed that they were licensed to operate in NY and CA, when in fact they just had assumed, erroneously, that they did not need licenses there; and that their BTC holdings were insured by a private company, when only the 5% max that they keep in their hot wallet was.

I wonder if Circle's statement above too is making full use of the wonderful flexibility of the English language?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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