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

[El duderino_]

via Imgflip Meme Generator

I’m not a real beer drinker (pity as a belgian)
But already drunk a few of these SAN Miguel flavored beers

And its refreshing, green looking and goodtasting AF

(@nutildah, gonna try the one you Said as well )

[El duderino_]

Wells Fargo, a Buffett investment, has been fined 93 times for fraud and other abuses, for a total of $14.8 billion in fines since just 2000

I'll take bitcoin's "charlatans" over that any day

https://twitter.com/barrysilbert/status/1104517707570036740?s=21

[VB1001]

I’m not a real beer drinker (pity as a belgian)
But already drunk a few of these SAN Miguel flavored beers

And its refreshing, green looking and goodtasting AF

(@nutildah, gonna try the one you Said as well )

Those who eat green can not drink alcohol.
If you keep eating vegetables you will disappear the volume and the length of the muscles, of all the MUSCLES...

When are you back, Mic?

[El duderino_]

I’m not a real beer drinker (pity as a belgian)
But already drunk a few of these SAN Miguel flavored beers

And its refreshing, green looking and goodtasting AF

(@nutildah, gonna try the one you Said as well )

Those who eat green can not drink alcohol.
If you keep eating vegetables you will disappear the volume and the length of the muscles, of all the MUSCLES...

When are you back, Mic?

18 or 19th of march

[El duderino_]

^
In Belgium there’s that commercial slogan
“Waar thuis is waar mijn Stella staat”
“My home is where my Stella (beer brand) is”

Yea you know, my home is where my BTC-rollercoaster go’s (have Some Nice pics with that little dude in the PIC)

[fillippone]

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

Posted similar question a few pages back,but got quickly devoured by pages of memes that monopolised the short attention son of WO thread... (not whining at all, I like WO memes!)

6.2% is appealing, but remember that you are being KYC’d if you deposit. Basically you are giving up your privacy for 6.2% yearly interest.

Keep in mind that if you deposit from an address, simple chain forsensic analysis will drive the G-Guys to your BTC stash.

EDIT: Reason #1 against lending your Bitcoins to a third party is: “Not your keys, not your Bitcoins” . I think It is obvious, but it need to be remembered every time. Even if Gemini is a state of the art exchange, the risk is still present.

[VB1001]

When are you back, Mic?

18 or 19th of march

These are real holidays!!!, enjoy

[erre]

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

Posted similar question a few pages back,but got quickly devoured by pages of memes that monopolised the short attention son of WO thread... (not whining at all, I like WO memes!)

6.2% is appealing, but remember that you are being KYC’d if you deposit. Basically you are giving up your privacy for 6.2% yearly interest.

Keep in mind that if you deposit from an address, simple chain forsensic analysis will drive the G-Guys to your BTC stash.

More than that, you are giving your private keys to a third party entity. What if they bankrupt or they get "hacked" or their CEO dies or whatever?

[fillippone]

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

Posted similar question a few pages back,but got quickly devoured by pages of memes that monopolised the short attention son of WO thread... (not whining at all, I like WO memes!)

6.2% is appealing, but remember that you are being KYC’d if you deposit. Basically you are giving up your privacy for 6.2% yearly interest.

Keep in mind that if you deposit from an address, simple chain forsensic analysis will drive the G-Guys to your BTC stash.

More than that, you are giving your private keys to a third party entity. What if they bankrupt or they get "hacked" or their CEO dies or whatever?

Yes , of course, “Not your keys, not your Bitcoins” is the reason #1 to avoid this kind of schemes. I thought It was obvious, but yes, you are right, it need to be remembered every time. I think Gemini is a state of the art exchange, but the risk is still present.

[HairyMaclairy]

Gemini is providing custodial services not running the business.  It’s not backed by Gemini and by definition has to be a fractional reserve.

It’s unfortunate because this will most likely end badly, and the Gemini name will be mud.

[VB1001]

The Bitcoin Knowledge Podcast

By Trace Mayer

254 Items 2009/2019

I did not know anything about this, every day you learn something new.

https://itunes.apple.com/us/podcast/the-bitcoin-knowledge-podcast/id301670981?mt=2&i=1000429693505

(Trace Mayer > ProofOfKeys)

[fillippone]

Gemini is providing custodial services not running the business.  It’s not backed by Gemini and by definition has to be a fractional reserve.

It’s unfortunate because this will most likely end badly, and the Gemini name will be mud.

Yes, what I meant is that if Gemini (the custodial) gets hacked, your bitcoin are gone forever. This is indipendent from the service, but dependent from the fact you are going away your BTC!

[El duderino_]

via Imgflip Meme Generator

@nutildah, its this beer?
F*** it gonna try most of them there actualy good (starting to like a beer it seems....) i better don’t go the beer way when i’m back home...

And still people talking suprisingly good english @the philippines  (like best i had on vacation if not a english speaking country )

[HairyMaclairy]

It’s worse than that.  BlockFi is selling or rehypothecating your Bitcoin. Gemini doesn’t need to be hacked for you to lose everything. Only “reserves” are stored with Gemini.  Who the hell knows where your Bitcoin actually end up.

From their Terms of Service

10. Consent to Rehypothecate

In consideration for the interest earned on your account, you grant BlockFi the right, subject to applicable law, without further notice to you, to hold the cryptocurrency held in your account in BlockFi’s name or in another name, and to pledge, repledge, hypothecate, rehypothecate, sell, lend, or otherwise transfer or use any amount of such cryptocurrency, separately or together with other property, with all attendant rights of ownership, and for any period of time and without retaining in BlockFi’s possession and/or control a like amount of cryptocurrency, and to use or invest such cryptocurrency at its own risk. You acknowledge that, with respect to assets used by BlockFi pursuant to this paragraph, (i) you may not be able to exercise certain rights of ownership and (ii) BlockFi may receive compensation in connection with lending or otherwise using cryptocurrency in its business to which you will have no entitlement.

From their FAQ

What does BlockFi do with account assets?

BlockFi generates interest on assets held in Interest Accounts by lending them to trusted institutional and corporate borrowers. To ensure loan performance, BlockFi lends crypto on overcollateralized terms (similar to the structure of our crypto-backed loans). Furthermore, BlockFi’s automated risk management system monitors positions 24/7, providing the same trusted risk management system used with BlockFi’s crypto-backed loans.  BlockFi has the ability to terminate a borrow in a timely fashion and also manages reserve balances to facilitate customer withdrawals from Interest Accounts. Reserves are stored securely with Gemini, a New York trust company regulated by NYDFS.

[El duderino_]

Bitcoin, last week:

- QuadrigaCX cold storage found empty
- Coinbase fires ex-Hacking Team staff
- @Jack buying $10k in BTC a week
- LN hits 7k nodes
- Fidelity BTC custody live
- Over 15k LN tips via @tippin_me
- Lightning Torch sent to Iran
- LN payment sent via Ham Radio

https://twitter.com/alecziupsnys/status/1104389596874461186?s=21

This week in crypto:

1. Fidelity’s crypto business now live
2. @eToro launches in US
3. EY creates crypto tax tool
4. Circle acquires SeedInvest
5. BlockFi launches 6% annual interest rates for deposit accounts

Major players making major moves!

https://twitter.com/apompliano/status/1104377573725925377?s=21

Tx per day decreased due to Venezuelan Blackout? Do you think there's a connection?

https://twitter.com/redditbtc/status/1104695446369390592?s=21

[El duderino_]

This week in Indian Crypto

▫️1/2 time approaches, RBI has 2 weeks to submit draft to SC

▫️Bahrain invites Indian firms to use its crypto ecosystem

▫️WazirX to go Global

▫️FB to launch Blockchain WhatsApp Payments 1st in India

▫️Bangalore most crypto jobs

#indiawantscrypto

https://twitter.com/desicryptohodlr/status/1104381251035717635?s=21

[GrosWesh]

Hi there !  

I'm reading all your post every single day since weeks but i never write here, in part due to my imperfect english (i'm french).

Today, i'd like to ask you your thoughts on something i've been aware this morning.

Some people think following big wallet is pretty often annoncing huge dumps by its movements.

https://bitinfocharts.com/bitcoin/address/18rnfoQgGo1HqvVQaAN4QnxjYE7Sez9eca

I put here a pic where it was clearly explained.



A few days ago (28 of february) 60 000 Btc were moved.

So... is it time to go on usdt ? I'm seriously thinking on it for 3-4 coming days.

Just asking, please let me know what you think if you don't mind. Have a nice sunday all !!

Edit : i have to precise i'm not fudding or whatever else... i'm just ask myself if that kind of 'discovery' is something worth.

2nd Edit : someone added the purchases in addition to sales on the chart.

[GrosWesh]

sorry i'm gonna stop spamming and editing but i have to put what i just wrote in perspective with this : https://cryptocalendar.pro/event/7633.

Enough for me today 

[HairyMaclairy]

It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands. 

[Last of the V8s]

yup correlation != causation
and yet i might win my bet yet
nice one GrosWelsh - make some more good posts, you get a finely-embroidered hat

I can sense Comradissimo Homer's fingers itching