Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15002.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: TERA2 on January 19, 2018, 06:26:14 PM

All it takes for Tether to become completely worthless is one guy decides to seize the account at TetherBank

Do they even really have bank accounts? I'm really confused on how the Bitfinex/Tether thing even works. Don't understand why Tethers are never destroyed. Aren't there some days when the fiat withdrawals at Bitfinex exceeds the deposits? Very perplexing. Surely people haven't been depositing $100 million per day this week at Finex, with the recent correction. There can't be that many bargain hunters. Especially when none of their customers are supposed to be from the US. would it be a pain to deposit USD into Bitfinex if I were from Norway or Australia? I'm clueless.

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: bones261 on January 19, 2018, 05:45:51 PM

Go 100x at Bitmex. Cheesy

Just don't get REKT. You will need to use VPN and lie about your information if US citizen. (I personally have never tried to register, but I think their verification process is rather light.)

You could also try the CBOE and CME if you have fiat. They don't really trade BTC, just are speculating on the price of BTC on certain dates.

thanks! never knew 100x leverage existed. of now to get REKT Cheesy

in terms of tether! the other alternative is NuBits, they only issue new NuBits based on shareholder votes, of NuShares as far as i know!

it's not trouble free but the dev team are 100% transparent and working hard to solve issues they have with the system / model. The peg to USD isn't as smooth as tether (as their history shows), but personally looking at the past, i trust these guys, they have been around for a long time..

https://discuss.nubits.com/

https://discuss.nubits.com/t/nushare-holders-shortage-of-us-nubits/5674

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

All it takes for Tether to become completely worthless is one guy decides to seize the account for TetherBank which has been illegally printing a dollar pegged currency

FractalUniverse

hero member

Activity: 1034

Merit: 558

Quote from: TERA2 on January 19, 2018, 05:48:18 PM

I got an email from Bitfinex saying something to the effect of that if I try to trade there then they'll take my money and call the police so I wouldn't even bother with thinking of trading on their dodgy platform with tethers where most are probably going to lose thier money anyway after they are goxxed at any moment.

I've been trading there since December 2013, and im not scared.. yet Grin

try harder

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: JayJuanGee on January 19, 2018, 05:46:59 PM

Quote from: BTCMILLIONAIRE on January 19, 2018, 05:23:16 PM

Quote from: JayJuanGee on January 19, 2018, 05:14:40 PM

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

Even if Bitcoin never managed to become an efficient tool for remittance and retail

It already is efficient and successful as a remittance tool.

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

it will still remain valuable and keep growing for at least as long as no other crypto replaces it as the default base pair in trading alts.

That is a pretty pathetic description of "a significant" bitcoin use case.

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

This also means that it'll grow at least proportionally to the overall crypto market for the time being.

You seem to be lacking in imagination... no? Roll Eyes

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:22:13 PM

Also, the window of opportunity that jojo noted is a very real threat to Bitcoin's position at the very top. Competition is fierce and the market moves fast. All it takes is a superior coin and the right marketing/hype. Granted that's very difficult to pull off (as it would require resources well beyond what ICOs raise), but it's not something that is unthinkable.

Oh my!!!!! Sounds scary. Shocked

Our anthropomorphized bitcoin should be shaking in its proverbial boots, no?

1. Not for smaller transfers, no.

2. and 3. Context. I've isolated the worst case use case as an example, which in reality is just one part of the equation. A part that has sufficient potential to justify valuations in the trillions.

4. Extremely unlikely doesn't mean impossible. I'm incredibly bullish on Bitcoin, but that doesn't mean that it's a sure shot.

I just find your whole framework irritating to the extent it seems to devolve into prescriptive rather than descriptive, and seems to convolute the two, too.

I guess conditionals aren't your thing, eh.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Verified account @cathynewman
Jan 17

Always grateful for advice from @DouglasKMurray but I won’t be suing or taking out a super-injunction. I thoroughly enjoyed my bout with @jordanbpeterson as did 100s of 1000s of our viewers. Viva feminism, viva free speech. Stay tuned Douglas.

-she's been getting hella abuse and threats etc

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: JayJuanGee on January 19, 2018, 05:08:28 PM

Quote from: jojo69 on January 19, 2018, 01:18:57 PM

Quote from: JayJuanGee on January 19, 2018, 01:04:24 PM

So what?

You are coming off with some BIG blocker talking points and trying to suggest that bitcoin has value only if it can be used for retail right now?

I said nothing of the sort

You said that bitcoin is not a good fit for retail at this time, and you suggested that there is some kind of urgency to fix bitcoin or to lose and opportunity and bitcoin was NOT doing what it should be doing...blah blah blah..

In other words... good enough for me to conclude that either you have been BIG BLOCKER brainwashed or you are one of those nutjobs... Tongue

OK Cathy Newman...whatever you say

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

I got an email from Bitfinex saying something to the effect of that if I try to trade there then they'll take my money and call the police so I wouldn't even bother with thinking of trading on their dodgy platform with tethers where most are probably going to lose thier money anyway after they are goxxed at any moment.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: BTCMILLIONAIRE on January 19, 2018, 05:23:16 PM

Quote from: JayJuanGee on January 19, 2018, 05:14:40 PM

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

Even if Bitcoin never managed to become an efficient tool for remittance and retail

It already is efficient and successful as a remittance tool.

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

it will still remain valuable and keep growing for at least as long as no other crypto replaces it as the default base pair in trading alts.

That is a pretty pathetic description of "a significant" bitcoin use case.

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

This also means that it'll grow at least proportionally to the overall crypto market for the time being.

You seem to be lacking in imagination... no? Roll Eyes

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:22:13 PM

Also, the window of opportunity that jojo noted is a very real threat to Bitcoin's position at the very top. Competition is fierce and the market moves fast. All it takes is a superior coin and the right marketing/hype. Granted that's very difficult to pull off (as it would require resources well beyond what ICOs raise), but it's not something that is unthinkable.

Oh my!!!!! Sounds scary. Shocked

Our anthropomorphized bitcoin should be shaking in its proverbial boots, no?

1. Not for smaller transfers, no.

2. and 3. Context. I've isolated the worst case use case as an example, which in reality is just one part of the equation. A part that has sufficient potential to justify valuations in the trillions.

4. Extremely unlikely doesn't mean impossible. I'm incredibly bullish on Bitcoin, but that doesn't mean that it's a sure shot.

I just find your whole framework irritating to the extent it seems to devolve into prescriptive rather than descriptive, and seems to convolute the two, too.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: jonoiv on January 19, 2018, 05:35:15 PM

Quote from: thrax on January 19, 2018, 05:28:35 PM

Quote from: bones261 on January 19, 2018, 05:21:22 PM

Quote from: jonoiv on January 19, 2018, 05:17:42 PM

Quote from: TERA2 on January 19, 2018, 05:11:26 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing?

Didn't Gox like have something like 80% plus of the volume? It was before my time, so I am not sure. Guess you could wait until the shit hits the fan and make an exit soon after. Then buy back cheaper after a year.

Either that or you could put a massive short on at a reputable exchange (if you can find one).

but short it against what ? bitfinex and poloniex use tether.

Go 100x at Bitmex. Cheesy

Just don't get REKT. You will need to use VPN and lie about your information if US citizen. (I personally have never tried to register, but I think their verification process is rather light.)

You could also try the CBOE and CME if you have fiat. They don't really trade BTC, just are speculating on the price of BTC on certain dates.

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: jonoiv on January 19, 2018, 05:33:41 PM

Be nice if something like bullionvalut accepted bitcoin.

There is Vaultoro. I like it.

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: thrax on January 19, 2018, 05:28:35 PM

Quote from: bones261 on January 19, 2018, 05:21:22 PM

Quote from: jonoiv on January 19, 2018, 05:17:42 PM

Quote from: TERA2 on January 19, 2018, 05:11:26 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing?

Didn't Gox like have something like 80% plus of the volume? It was before my time, so I am not sure. Guess you could wait until the shit hits the fan and make an exit soon after. Then buy back cheaper after a year.

Either that or you could put a massive short on at a reputable exchange (if you can find one).

but short it against what ? bitfinex and poloniex use tether.

jonoiv

hero member

Activity: 966

Merit: 526

🐺Dogs for President🐺

Quote from: TERA2 on January 19, 2018, 05:23:08 PM

Quote from: jonoiv on January 19, 2018, 05:17:42 PM

Quote from: TERA2 on January 19, 2018, 05:11:26 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing?

Well in 2014 i went 75% bank and 25% cold storage, completely ignored the market for 2 years, and then in 2016 I came back. I never reccomend full fiat and it's easier for all your fiat to stolen than it is for bitcoin to lose all of its value.

Be nice if something like bullionvalut accepted bitcoin.

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Gox had 80% volume before mid 2013. When it went down in 2014 it only had 33% of the volume or less after the rally driven by China and the growth of bitstamp and bitfinex,

thrax

sr. member

Activity: 253

Merit: 252

Quote from: bones261 on January 19, 2018, 05:21:22 PM

Quote from: jonoiv on January 19, 2018, 05:17:42 PM

Quote from: TERA2 on January 19, 2018, 05:11:26 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing?

Didn't Gox like have something like 80% plus of the volume? It was before my time, so I am not sure. Guess you could wait until the shit hits the fan and make an exit soon after. Then buy back cheaper after a year.

Either that or you could put a massive short on at a reputable exchange (if you can find one).

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: JayJuanGee on January 19, 2018, 05:14:40 PM

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

Even if Bitcoin never managed to become an efficient tool for remittance and retail

It already is efficient and successful as a remittance tool.

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

it will still remain valuable and keep growing for at least as long as no other crypto replaces it as the default base pair in trading alts.

That is a pretty pathetic description of "a significant" bitcoin use case.

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:20:05 PM

This also means that it'll grow at least proportionally to the overall crypto market for the time being.

You seem to be lacking in imagination... no? Roll Eyes

Quote from: BTCMILLIONAIRE on January 19, 2018, 01:22:13 PM

Also, the window of opportunity that jojo noted is a very real threat to Bitcoin's position at the very top. Competition is fierce and the market moves fast. All it takes is a superior coin and the right marketing/hype. Granted that's very difficult to pull off (as it would require resources well beyond what ICOs raise), but it's not something that is unthinkable.

Oh my!!!!! Sounds scary. Shocked

Our anthropomorphized bitcoin should be shaking in its proverbial boots, no?

1. Not for smaller transfers, no.

2. and 3. Context. I've isolated the worst case use case as an example, which in reality is just one part of the equation. A part that has sufficient potential to justify valuations in the trillions.

4. Extremely unlikely doesn't mean impossible. I'm incredibly bullish on Bitcoin, but that doesn't mean that it's a sure shot.

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Quote from: jonoiv on January 19, 2018, 05:17:42 PM

Quote from: TERA2 on January 19, 2018, 05:11:26 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing?

Well in 2014 i went 75% bank and 25% cold storage, completely ignored the market for 2 years, and then in 2016 I came back. I never reccomend full fiat and it's easier for all your fiat to stolen than it is for bitcoin to lose all of its value.

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: ?? on ??

The storm is coming...

http://stockemperor.com/currencies/tether-now-prints-100-mln-usd-daily/

Ok let's suppose that Tether implodes in insolvency b/c they printed unbacked or the backing USD vanished or they get raided, then why should BTC suffer? I guess that the only lifeboat in such instance would be any crypto other than USDT.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: thrax on January 19, 2018, 11:56:58 AM

Quote from: yefi on January 19, 2018, 11:42:00 AM

Just to let folk know, as I haven't spotted this mentioned, you can claim another shitcoin today: BCX. It's going for around 3.5% per BTC on gate.io currently. Dumped all mine. Instructions for sending the coins to exchange can be found here: https://www.reddit.com/r/BitcoinAirdrops/comments/7rfo5c/how_to_claim_your_bcx/

These free shitcoins are brilliant for topping up your bitcoin stash.

It's not a bad return at all for a couple hour's work. The trick is to get there early (or wait for a pump).

Quote from: ?? on ??

FYI Got some 6 weeks ago. Selling on Cryptopia...

Really? I don't see a market there for it. You can sell BTX there, is that what you were thinking of?

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: jonoiv on January 19, 2018, 05:17:42 PM

Quote from: TERA2 on January 19, 2018, 05:11:26 PM

You cant price in something that is still uncertain. Plus the effect of an actual exchange failure could be much different and more profound than could possibly be anticipated or traded. All the traders would still be trapped there now artificially holding up the price. Remember gox?

so whats the solution, because if there was another GOX, then all crypto will take a massive hit. cash out everything to fiat and forget the whole thing?

Didn't Gox like have something like 80% plus of the volume? It was before my time, so I am not sure. Guess you could wait until the shit hits the fan and make an exit soon after. Then buy back cheaper after a year.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15002. (Read 26715033 times)