Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7499. (Read 26586570 times)

legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.

Stock Market is on the brink of another 30-50% leg down...

Imagine what will happen if #Bitcoin  gains 20-30% in the same period

Imagine the institutional FOMO...
https://twitter.com/ivanontech/status/1262096421391683586?s=21

That indeed would be sweet


Ivanontech is one of the biggest idiots on crypto twitter ugh.

He is so dumb, he even supports RHs hex scam.

Can be, not taking away that it would be sweet if that happens
hero member
Activity: 994
Merit: 707
https://twitter.com/AnkurRughani/status/1262427115699482624

 "This is incredible news. Safe and efficacious Phase 1 trial of SARS-CoV-2 vaccine. All 3 cohorts had 100% seroconversion and so far neutralizing Ab results are promising."

https://investors.modernatx.com/news-releases/news-release-details/moderna-announces-positive-interim-phase-1-data-its-mrna-vaccine

https://www.businessinsider.com/moderna-coronavirus-vaccine-releases-first-human-trial-results-2020-5

""I think the totality of science tells us that this is the right antigen and it should be protective," Tal Zaks, Moderna's chief medical officer, said on a Monday call to discuss the results.

The vaccine was "generally safe and well tolerated," Moderna said. The company noted that at the highest dose level, 250 micrograms, three people had severe but not life-threatening side effects. "All adverse events have been transient and self-resolving," the company noted,"


Looks like Marcus of Cowardice will have to crawl out from under his bed soon and have mommy take him to get his vaccine.  Cheesy

Trump plans on having 100 million vaccine doses delivered in October to all vulnerable Americans.

This thing, like the flu, never was very deadly but this is the final nail in the coffin for this attempted Communist takeover.
legendary
Activity: 2268
Merit: 1278
I've quit drinking beer for near a week now. Have shed close to 8 lbs since then.
That's just excess fluids being processed and flushed from the system. Happens to me all the time when I occasionally take a few days break. Don't start counting before your weight starts to stabilize.
legendary
Activity: 2268
Merit: 1278
The FED announced that GDP will shrink with 30% in the US.

SPX the next day: opening upside with a gap  Roll Eyes

It reminds me of the stock market the day that Hurricane Katrina (2005) landed: stocks shot up big time right in the face of calamity.

This ain't your daddy's stock market anymore. Not since a long time.

If Bitcoin acts 'correlated', let the $10k hurdle fall....  Cool
Poverty is wealth.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
Christ I was on the verge of going up one pant-waist size...


legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
[...] and nobody's got time for dat.

well.. ya know.. if perhaps you could cut back just a wee tad on the word count we would have more..

never mind
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.

A hearty tip of the hat to the Swedes for adhering to their written law. Lord knows we Americans abandoned any such fidelity about a century ago.

And here’s to wishing you a full and speedy recovery.

GTFOH jbreher...

WTF are you spouting Jeegs? Firstly, I am speaking of the Supreme Law of the Land -- and the relation between the Swede's to theirs, and we to ours. I salute them for their adherence to written law, and I bemoan us for our clear abandonment of ours.

Those kinds of original intention argument frameworks are frequently used to perpetuate superficial and nonsensical generalizations, and nobody's got time for dat.

Actually, just shup. You have no point to be made in this conversation. Unless you want to start over from a completely different trajectory.

I do have a point, which is frequently it is better to work from where you are at, rather than trying to start over from some idealized starting point, which is the nonsense that you seem to be spouting.


Jeebus-fick you can be such a twat some times.

Hm?  for some reason you have a knack for identifying twats, now?   Roll Eyes

You would be hilarious if you weren't so often engaging in disingenuine arguments.   Tongue


Stock Market is on the brink of another 30-50% leg down...

Imagine what will happen if #Bitcoin  gains 20-30% in the same period

Imagine the institutional FOMO...
https://twitter.com/ivanontech/status/1262096421391683586?s=21

That indeed would be sweet

I don't want to "imagine."  Makes me feel disconnected.   Tongue Tongue
legendary
Activity: 3766
Merit: 5380
If you are young and broke but not a complete moron, learn miniscript. Do it right now, be earning 150,000 next year.
then stack sats

https://jimmysong.substack.com/p/miniscript-and-its-importance-bitcoin
https://youtu.be/CKyNqV3Ioqo Block Digest #220 - Make Bitcoin Magic Again

There's another gem of an article from Gilles Cadignan buried at the bottom of that one, that reiterates why Bitcoin is the only crypto one needs:

https://medium.com/@gillesCadignan/the-other-bitcoin-standard-226e743687dd
legendary
Activity: 1652
Merit: 4393
Be a bank
If you are young and broke but not a complete moron, learn miniscript. Do it right now, be earning 150,000 next year.
then stack sats

https://jimmysong.substack.com/p/miniscript-and-its-importance-bitcoin
https://youtu.be/CKyNqV3Ioqo Block Digest #220 - Make Bitcoin Magic Again
legendary
Activity: 1652
Merit: 4393
Be a bank
legendary
Activity: 1652
Merit: 4393
Be a bank
Look it's fine. There's no need to fret so. You're making more of it than strictly necessary.
We guarantee* to destroyi allii youriii location data when** this is all over***.
See? Fine.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morning Bitcoinland.

Up last night, down this morning, up some after that... currently $9673USD/$13538CAD (Bitcoinaverage).

C'mon Bitcoin, lets move up.

Damn 10K smell then back down.... I can see why, from this Monday barbers and hair salons back open in Belgium.... they all sold there satoshi’s to support the haircut  Roll Eyes

free the haircuts!

pffft old kindahippee here. ponytail dragging the ground is fine by me. if only i had enough hair..

Haircuts? We boomers don't like haircuts.

legendary
Activity: 3108
Merit: 1531
yes
The FED announced that GDP will shrink with 30% in the US.

SPX the next day: opening upside with a gap  Roll Eyes

It reminds me of the stock market the day that Hurricane Katrina (2005) landed: stocks shot up big time right in the face of calamity.

This ain't your daddy's stock market anymore. Not since a long time.

If Bitcoin acts 'correlated', let the $10k hurdle fall....  Cool
legendary
Activity: 3512
Merit: 4557
Bakkt grows custody business above 70 clients, says it has partnered with major financial institutions.

Quote
We’re also unlocking digital assets for institutional investors, and have onboarded more than 70 firms to the Bakkt Warehouse. The secure storage of digital assets is foundational to everything we do, whether it’s providing regulated bitcoin custody or supporting the delivery of the Bakkt® Bitcoin (USD) Futures & Options contracts. This commitment to custody is underscored by a new collaboration with the Digital Asset Risk Transfer team from Marsh, the world’s leading insurance broker. Beyond the $125M of insurance already in place at the Bakkt Warehouse, customers can now purchase more than $500M in additional insurance coverage, subject to underwriting criteria.

Furthermore, we’ve recently completed a SOC 1 Type I examination by KPMG and a SOC 2 Type II examination of the ICE infrastructure and enterprise-wide functions that the Bakkt Warehouse relies on by PricewaterhouseCoopers. These audited procedures and controls are essential to our institutional customers and led Tagomi, one of the most popular crypto prime brokers, to select Bakkt as their preferred bitcoin custodian. Tagomi customers can now custody with Bakkt for 0.1% per year while retaining access to best-trade execution and settlement via the Tagomi platform.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
Damn 10K smell then back down.... I can see why, from this Monday barbers and hair salons back open in Belgium.... they all sold there satoshi’s to support the haircut  Roll Eyes

free the haircuts!

pffft old kindahippee here. ponytail dragging the ground is fine by me. if only i had enough hair..
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
Not gonna happen at this point. Too much liquidity in the system already and everyone knows that if stocks do fall, the Fed will step in to print more money to prop them back up.

Even if stocks did fall, BTC will fall along with them. Anyone who thinks otherwise is just refusing to learn from what happened last time around. The best argument I've heard about BTC not being correlated with the stock market is "it's a short term correlation." This may be true, but its a correlation nonetheless, that occurs during a critical time period.

But I do expect the impact of a stock sell down on the Bitcoin price to be less this time. They know how hard it can (will) rebound.

This could very well be the case.


Not sure that's true. Bitcoin is looking more and more like Gold, in that in extreme stress events it's correlated, because when people need cash in hurry they sell anything liquid to meet margin calls, but outside those extreme events, they have very little correlation. Gold sold off hard in 2008, but 6 months later was at all time highs, I would not be surprised to see stock fall heavily again, but bitcoin keep climbing. The Fed can't prop stocks up indefinitely, they can inject confidence, but I'm not convinced by the whole stock market is separate from the economy thing that has been going round. We're still in a deflationary environment, I expect the dollar and bitcoin will go up, stocks will test new lows within a month.

the fed and stockmarket run on hopium, and how long that that lie last? but i see your point, they will do anything to keep the stock market going as pretty much everything in the usa rides on the stock market.

bitcoin may fall along with stocks to a point but in my case when i suddenly need a largish amount fiat for whatever reason (pandemic? yeah right what are the odds of that... oh wait..) i tend to sell off my different classes of stuff (not sure what to call "classes" as i am not a financial guy, i pay people for that) equally if at all possible.

but wtf do i know all i can say for certainty is bitcoin has been very kind to me.
legendary
Activity: 2464
Merit: 1145

Stock Market is on the brink of another 30-50% leg down...

Imagine what will happen if #Bitcoin  gains 20-30% in the same period

Imagine the institutional FOMO...
https://twitter.com/ivanontech/status/1262096421391683586?s=21

That indeed would be sweet


Ivanontech is one of the biggest idiots on crypto twitter ugh.

He is so dumb, he even supports RHs hex scam.
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
Kind of surprised this didn't happen sooner.

https://cointelegraph.com/news/bitmex-faces-lawsuit-for-alleged-racketeering-and-extensive-illicit-activities
Quote
The lawsuit notes that BitMEX provides traders with extremely high trading leverage (100x) for highly liquid derivatives, which are purportedly calculated based on prices of “two or three illiquid spot exchanges.”

The exchange allegedly enables manipulators and money launderers to operate illicitly by allowing them to open an unlimited number of anonymous and unverified accounts, without trading or withdrawal limits.

The document claims that BitMEX weaponizes deliberate server freezes and uses fraudulent “system overload” events to accept or reject specific trading orders during volatile market conditions in order to exacerbate price fluctuations and trigger maximum liquidations.

Yeah, like the last "accidental" freeze on 12th March, when the shorter manipulators weren't allow to take profits. The day Bitmex is closed will be the best day ever for Bitcoin.

Quote
The lawsuit further points to the defendants’ own admission, after multiple denials, that the exchange operates its own for-profit trading desk, which purportedly trades against BitMEX’s own customers on the platform and uses inside information about its customers’ existing trading positions.

It is just like a casino - the players vs the house. Most of the people addicted to gambling lose at the end more than they gained, because the odds are in favour of the casino. Only if someone is extremely good and manage to control his  greed, he will have a chance of winning. In this case it is even worse: the house knows the cards of the players, so it ALWAYS wins. Just a word of warning to those greedy bastards that are confident their plan of shorting and dumping will make them insanely rich. Simply said: No! The only check you will get out of Bitmex is reality check!
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
I might need some pointers, regarding:

"how to NOT become too nervous during times in which the BTC price is going down - like it's falling off a cliff, and when I am assessing myself to be running out of money to buy more?"

hopefully the thing on your back that says "ACME - the name you can trust" has a parachute and not dirty socks.

other than that i just keep in the back of my mind thats its not really there.. ie lost.

but you already know that.
sr. member
Activity: 1197
Merit: 482
Kind of surprised this didn't happen sooner.

https://cointelegraph.com/news/bitmex-faces-lawsuit-for-alleged-racketeering-and-extensive-illicit-activities
Quote
The lawsuit notes that BitMEX provides traders with extremely high trading leverage (100x) for highly liquid derivatives, which are purportedly calculated based on prices of “two or three illiquid spot exchanges.”

The exchange allegedly enables manipulators and money launderers to operate illicitly by allowing them to open an unlimited number of anonymous and unverified accounts, without trading or withdrawal limits.

The document claims that BitMEX weaponizes deliberate server freezes and uses fraudulent “system overload” events to accept or reject specific trading orders during volatile market conditions in order to exacerbate price fluctuations and trigger maximum liquidations.
Jump to: