Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7030. (Read 26710457 times)

I'm glad I'm not the only one who feels this way. I get crickets whenever I bring this up.

Anti money laundering laws are just "you have to tell the government about every transaction you make" laws.

And if you oppose them you're obviously some mob boss trying to move your money from the latest movie style heist.

I am at this stage, some ridiculous purchase at some point depending on my mood, but I need extra liquidity to solve situations outside of my personal economy. Sometimes it's difficult to get into the thread, but being here also helps me disconnect from other things.
Thx, JJG

 Now that's an innovative way to get out of paying for lunch.

It is indeed a no-win dilemma, because “money laundering” is a made-up non-crime with premises so impossibly absurd that they would be comical, if the implications were not deadly serious.

Somebody needs to call out the emperor’s unclothes here.

Human societies existed for thousands of years before the very recent invention of the concepts underlying modern “anti money laundering” statutes and regulations.  Some of those societies were more stable, and had less crime, than any society in the world today.  They were not “libertarian” societies, either.  They simply had not invented the ridiculous notion that it is a crime to avoid having all money watched for “suspicious activity” at all times—just in case somebody may potentially use money to commit another crime.

What “money laundering” boils down to is a frightful bogey to herd human livestock into an un-unbanked pen of perpetual surveillance, Kafkaesque rules, and most importantly, the ability to extract confiscatory taxes oft exceeding the proportion of real value extracted from the labours of old-fashioned slaves.

The “money laundering” discussion has been framed in such a way that most people never pause to question the underlying assumptions.  Don’t be brainwashed brainlaundered.


False-dilemma evasion.  Also a “crime”, in the current year.

Nocoiners Cafe, waiting for sub $10k prices:

I can't leave for a few days that I lose touch with everything here and corn starts to fall. If my 5 minutes reading is correct, I guess corn is following stocks right now and I still don't get why. 


This is juicy. Now that Bitcoin is not involved what they will be whining about? Oh, yes right, BANKS!
 

I do not mean a prediction from Hal, from the crystal ball, the "experiment" was in the testing phase but HF already anticipated that with a limited supply if BTC was successful the price would increase exponentially, he made a quick calculation.

Almost 11 years later with 7.8 billion people in the world, we continue with a high percentage of the population who have no idea about BTC, nor do they know what Bitcoin is, by the time (adoption) BTC reaches the consumer, all the BTC already It will be in the hands of institutions, Hodlers. very rich people, banks, exchanges, whales, miners, (not counting the lost BTC) members of WO , then it will be when the satoshis enter the market, because few people will be able to pay the full price of 1BTC in 10 or 15 years.

Here the point of HF is that he was/is a real BTCull, with Hat, of course

People will react similarly to gold, they will buy small pieces of BTC as store of value.
How many things can happen in the long term future? many.
That there will be some currency for the usual purchases in the day to day? probably with all security.

But if we get it right, no one will replace Bitcoin.

(Excuse my grammar, as you have already observed, my level of English is very bad.)

This x 1 billion!!



Gee, wonder why ol' Warren Buffett dropped all of his bank stocks earlier this year? He couldn't have been tipped off, right?  /s  

$10,360 Free falling

 Yeah that would be quite strange but if you're referring to Martin Lewis's forehead, the words are - I don't do ads

It depends how and where the dump takes place. If we are talking about OTC dump, this sum won't affect the price. OTC desks sell regularly small amounts and not below the negotiated price. I doubt even 10K-50K BTC would affect the price with such selling. If we are talking about a whale-manipulator, then we should check the Bitstamp order book. This exchange is the least liquid, so if there are any manipulations, we should expect them there. Currently 747 BTC have to be sold to lower the price to 10290. How this will work out for a whale is another question. Playing with Bitmex or any other futures exchange is a bit tricky  and there is a big chance of something to go wrong. If for example he opens a big leverage short position but the exchange is down or some other whale buys and recovers the price, then the loss will be tremendous. So I personally don't believe there are any such manipulations recently.

But we have another problem, which is the main cause of these recent drops. The problem is called Binance and its high frequency trading. The volume of this exchange is 5 times bigger than the next exchange Coinbase. There are too many weak hands there - addicted losers, who easily register losses until there is nothing left to lose. We make fun of those n00bs who buy high and sell low, but there are a lot of them, like the casinos full of lost souls. During the long 9K sideways, we can sum up the total percentage of price drops. It is quite close to 100% (not to mention the high leverage longs liquidated much earlier). Hence, we can easily deduct that these extremely weak hands lost their capital and when the real pump started, they were nowhere around to stop it. Remember, these guys are addicted, so they invested new fiat between 11K and 12K, and now we are counting their totall losses again. It is getting near to 100% again, so we can expect a new big pump in the coming weeks.

Hmm.  We did not quite come up as far as I had hoped before the next dip... The right shoulder looks a little sad and hunched, but let's see if this is the right shoulder...

Yup, it certainly is a little tiresome. It used to be interesting to try to find a reason for a sudden drop or rise, trawling through various outlets to see which theories were most likely. And entertaining to read some of the more far-fetched and grasping theories. But now, as you say, it's nearly always tied to the S&P et al.

OK my brothers, this is where we hodl them, this is where we fight. This is where $10k dies.

Maybe it's not as bad as it looks?
Is there enough liquidity on these exchanges to soak up relatively medium sized dumps?
(I probably don't know what I am talking about here so please let me know if I am screwing up, just thinking out loud really).
So the question is even though there may be demand how many bitcoins need to be dumped to move the market by $500 or so?
Maybe now with the value of Bitcoin being what it is, we don't need too many dumped before we feel an impact?
So even a small to medium dump will result in quite a significant fall in price?
This leads to the next question.
Will there ever come a point that dumping 1000 BTC onto the open market doesn't have a significant impact on,price?

Good afternoon WO!
Observing @ $10,550

May be it's not fun for some but it is time to HODL! They are saying bitcoin might break $10,400 support. F them!

I really hope not, I never want to see 9000s again.

I wonder if this is one of those attempts to close the CME Bitcoin futures gap (currently at $9,600 and expires the last friday of the contract month --> 25th of September 2020)

Well I am seeing charts showing that percentage coins hodled are at all time highs, so I think it must at least be some of each type of investor.

I'm sure that eventually buyers will overwhelm the supply, and large investors will be a part of this, but my god it is taking a long time. I mean, with the amount of fraud, corruption, poor governance, and so on, it blows my mind that we aren't higher. Bitcoin is literally the only way to preserve your wealth from those things I mentioned and more, yet people still aren't rushing in.

Imagine if Bitcoin was around prior to the war, would the price of it have gone up as the Jews and other persecuted groups wanted to preserve and flee with their wealth. Or would it have just done nothing like it is now and linking itself to the corrupt legacy markets. When it comes to your wealth, the CBs and Govs right now are as bad as the NAZIs and it seems people are just happy to give everything to them. It's nuts.