All posts made by monsanto in Bitcointalk.org's Wall Observer thread
1.
Post 18683955 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
could be bitfinex a new mtgox pump?
Only the Tetherer knows...
2.
Post 18695175 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
There's really nothing bitcoin does better than gold and silver at this point besides the ability to dump it faster.
Kinda hard to gamble or buy drugs online using that gold ingot hidden under the floorboards though.
3.
Post 18695334 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
It's going to crash and let me tell you why. Satoshi Nakamoto is going to see the price at bitfinex and poloniex and he is going to sell.
Satoshi Nakamoto... the first Tether billionaire?
I dunno.. even Satoshi probably doesn't want anything to do with usdt right now.
4.
Post 18696527 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
Happy days, the price is creeping up. Whilst nothing overly exciting (long term) a successful assault on $1300 would feel good.
As for BFX, they've had so many problems over the last year or two. I have no idea why people were still willing to leave bitcoin's or USD there. So many warnings but people continued to use them. Fuckinh stupid if you ask me.
Interestingly, bitfinex's determination to fix their problems (bfx tokens) makes them come across as honestly trying. Why would an exchange suddenly act maliciously and fleece everybody, when they have worked hard to make up for their past technical and financial issues? Then again, Gox had (and tried to fix?) problems before the big heist.
When you play with fire, you can get burnt. You can also cook a great steak.
I have been pondering this a bit too.
My dollar situation on Bitfinex is a bit strange.
In August 2016, just like everyone else who held value on Bitfinex, about 36% of my value on Bitfinex was socialized into BFX tokens, and over about 7 months those BFX tokens were slowly reimbursed.. maybe around 10% of them were reimbursed into dollars between September 2016 and March 2017, even though bitcoin prices doubled during that time.
So, yeah there ended up being opportunity costs to have had value tied up in BFX tokens,
but then April 3, Bitfinex reimbursed 100% of all of the then outstanding BFX tokens, which caused my account to have a larger percentage of dollars in the account.
Thereafter, when the bank account drama developed and therefore BTC price disparities, it became less feasible to buy bitcoins with dollars on Bitfinex because the price of bitcoins on Bitfinex turned into about a 5-8% premium.
And, again the price disparity that conveniently came after they had redeemed all BFX tokens seems like another opportunity for insiders on Bitfinex to game the system.
Sure, I don't really want to read malice into coincidences and/or incompetence, but sometimes the longer that the disparity exists, the more opportunities seem to exist for insiders to exploit and make appearances as one thing when other things are going on (isn't that smoke and mirrors?).
I guess that I am saying that the situation can become a bit more irritating, when you might hold value there and then you recognize these little ways in which your value is potentially being undermined and/or manipulated in ways that are really difficult to prove.
Again, I am not really much of any kind of conspiracist, but these coincidental disparities continue to cause concerns.I'm with you on this one.. I want to believe but the timing of the 100% token redemption is so suspicious. Apparently their bitcoin reserves have stopped their drop over the last 24 hours, so maybe it could still end well
5.
Post 18698768 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
Who would ever want to trade [your] Bitcoins for dollars?
The taxman.
Too bad for them though, since we weren't trading them for dollars.. we we're trading them for tulips.. err .. tethers.
Total Supply
64,950,871 USDT
seen here a field of 65 million tethers growing in their natural environment:
that should take care of any pesky auditing issues
6.
Post 18712220 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
The rise of btc with 10% at bitfinex and poloniex since the last week with regard to usdt is fake, since in kraken usdt dropped by 8-10% to the fiat usd. The whales are trying to bite the 1%-profit daily traders so the whales can withdraw in time to their bank accounts before the big drop. They are still trying to delude the traders that there is a chance bitfinex can be saved. The truth is it is doomed and this was planned a long time ago. These two exchanges (btc-e and biftiniex) are well known for their shady owners and fears of exit scam. It is a matter of days, may be hours before the bad news is announced. If the so called 'bad news" of tightening control of chinese exchanges, sec denial and bu fork, lead to 40% drop of price, imagine the damage to the price caused by real bad news of the imminent bankruptcy of one (possibly) two of the largest exchanges. This may lead to panic withdrawals from other exchanges, so nobody can predict how deep will be the new emerging crisis.
Of course the btc (now usd) whales will buy very low just to sell a year or two at a much higher level.
I have started (since yesterday) to leverage short USDT on Kraken as a means of hedging. *IF* USDT/Bitfinex is in deep shit, I will recoup my losses on BTC/Other coins on the sucess of my short. If everything is OK, I will win on my main investment and only lose a few percent on my short against USDT (as in the worst case USDT won't ever be worth more than 1:1). Win-Win.
Are there
any circumstances at all where USDT could rise above one dollar? I'm trying to assess the risks involved. If it is absolutely impossible for it go more than a minuscule amount above a dollar then it seems like a foolproof strategy. However a pegged currency short squeezing above $1 is just the kinda crazy thing I'd keep my eye out for in these parts.
What will happen when Finex's cold-wallet starting to get empty, DOOM?
Seems to have stabilized in the 75k range over the past few days, but yeah, that would do it.
7.
Post 18712679 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
<snip>
I have started (since yesterday) to leverage short USDT on Kraken as a means of hedging. *IF* USDT/Bitfinex is in deep shit, I will recoup my losses on BTC/Other coins on the sucess of my short. If everything is OK, I will win on my main investment and only lose a few percent on my short against USDT (as in the worst case USDT won't ever be worth more than 1:1). Win-Win.
Are there
any circumstances at all where USDT could rise above one dollar? I'm trying to assess the risks involved. If it is absolutely impossible for it go more than a minuscule amount above a dollar then it seems like a foolproof strategy. However a pegged currency short squeezing above $1 is just the kinda crazy thing I'd keep my eye out for in these parts.
Yes, it is not IMPOSSIBLE for USDT to be priced more than $1, but the probability is so minuscule I almost ignore it. The real risk right now, is if that it recovers from 0.9 to 1 that is a 10% loss. But I can accept it as a mean to hedge my main investment. Of course I am counting that in case it fails it could go several tens percent lower.
I guess as long as you keep minimal funds in your margin account it's a good plan (in case something crazy happens).
It's just a bet/hedge strategy, not a failproof investment, as such thing doesn't really exist
Good point. I assume one of the reasons for having this on kraken in the first place is it could shore up the tether price. It just seems odd to me because I haven't seen the ability to short things with price ceilings/pegs before. Maybe this is more common than I realize. It will be interesting to see how this whole thing plays out, that's for sure.
8.
Post 18730022 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
I like that link in your sig there PoolMinor
Btc=C2MF
today I have decided to make a similarly abrupt change of life plans
9.
Post 18730679 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
yeah, but the link was in your sig, so fuck it!
10.
Post 18731870 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
yeah, but the link was in your sig, so fuck it!
Yeah check again on the url of the link in my sig. it does not lead to the Tera post. I was trying to show credit of the original post, geeeeez
was a joke ya nut.. "fuck it! i'm cooking meth" -> "fuck it!".. ahh serves me right for trying to give a compliment in the first place.. sometimes I forget many people here have aspergers
11.
Post 18813044 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
holding a good percentage but starting to get the feeling it may be time to...
12.
Post 18827574 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.08h):
It's still a long way to $8k though. Don't get too excited
Man it isnt even getting started. 8k will just be the middle of this little rally.
You know the tale of 1btc = 1mln usd? Yes thats right. Its coming. Buying 1btc a month will become buying 1 btc a year real soon.
bubble confirmed...
I was having flashbacks to 2013 and things like $25 novacoins... checked the chart.. novacoin rising.. back to $4 lol
alls i can say is take
some profits while you can...
13.
Post 18842927 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.09h):
bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters?
Looks like there's still some margin longs left...
https://www.bfxdata.com/positions/btcusdp.s. hope you don't mind my fork of your kittinger
14.
Post 18858839 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.09h):
Amazing crop this year.. thank you bitfinex.. awfully ripe though, looking like it's almost time for the harvest
15.
Post 18862051 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.09h):
Amazing crop this year.. thank you bitfinex.. awfully ripe though, looking like it's almost time for the harvest
some people cut flowers once a year ... others log stands of timber.
Don't cut yourself.
Agreed, and I do keep a large percentage of timber
.. but I've been through too many forest fires at this point not to take some profit. The general trend is upward but this movement since Bitfinex halted fiat doesn't look organic to me at all. I see storm clouds ahead.
16.
Post 18867653 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.09h):
An Eth shill came up with the best description of the Bitfinex situation:
I won't be surprised if it turns out that the fiat withdrawal problems at BFX were deliberate, so could unload their own bags at a premium price on their own exchange. It wouldn't be surprising if they go full gox with money going missing either. Anyway people who deal with them will probably loose one way or another.
The second those charts turned bad for bitcoin and the market began to roll over, Bitfinex immediately pulled the plug on withdrawals right at the top of the cliff. Then, instead of going down, they forced a short squeeze of basically every single customer on their entire exchange, plus forcing all cash holders to dump fiat and buy bitcoin to be able to remove anything from the exchange at all, and here we are now in some absurd bubble with $100 spreads or more between all exchanges.
This would be the nightmare scenario. And the timing fits. But what evidence do we have that BFX initiated the fiat problems? I though it was Wells Fargo (remember the so-called lawsuit against Wells Fargo they pulled).
17.
Post 18867714 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.09h):
Must be something wrong with me.. I prefer the Pristina building
Saying "alts" is like saying "Europe". There is a vast difference between Paris and Pristina
Really? And what is the difference between Paris and Pristina?
Pristina has what has been voted the ugliest building in the world
Meanwhile, Paris has this:
18.
Post 18870171 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.09h):
900BTC buy wall @1565 on Bitstamp
Please try to keep on topic.
Sorry, i was running out of images and memes
Ok, Ok. Maybe next time
About the wall... It's pulled atm, it looks like someone is playing... I don't see why. The price is perfectly ok where it is right now until next week. There's no need for another pump yet. Maybe even a little correction ($50) would be healthy.
Maybe it is some whale signaling to others that if they dare to dump he will buy right into it. Donno.
I would prefer the price remain at this level and resume the rise next week. No hurry guys.
guess the target is $2000 until we will see a larger correction.
While it's hard to say when it will happen, as always, the dump will be epic.
19.
Post 19018220 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.09h):
Many years ago ever when I learned about Bitcoin and invested in it, I thought I was a late adopter. But I promised to myself never mention it to family, friends and colleagues due to the controversial nature and not wanting to get them involved. I figured that eventually they would hear about it on their own, and decide for themselves if Bitcoin was worthy to buy and use or not.
In all those years I never heard anyone that I'm close to mention it.
Recently though, a family member that is disconnected from news, and fairly uninformed about technology or even current world events just mentioned the word "Bitcoin" the other day for the first time. I was shocked. And then I smiled to myself.
they're just trying to figure out how to pay off the ransomware
20.
Post 19114588 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.10h):
Still is odd to me that price action for the entire crypto universe seemed to fundamentally change right around the time all the usd/tethers got locked up on bitfinex. This happens to the leading exchange and then we see the appearance of high double and triple digit prices in many alts that all seem impervious to massive dumps (like never before). I'm not complaining and I want to believe, but... not yet.
21.
Post 21302743 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.19h):
I wonder which will end first: bitcoin blockchain or this thread
. Is this the longest thread on bitcointalk?
22.
Post 23433838 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.24h):
uh oh, here comes another one...
price fork? stay tuned...
23.
Post 23434358 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.24h):
2) You could move your coins before the fork to a paper wallet, and then after the fork move them back to the Trezor, BTCGold should be left on the paper wallet.
Didn't the snapshot happen already? Anyway I heard it was today...
BTG countdown timer:
http://btcgpu.org/
24.
Post 23477721 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.24h):
Still betting that BCH will be the winning tribble
25.
Post 23482991 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.24h):
Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?
I'm still hoping someday there will be a distribution from the bankruptcy estate. Might even get some Bitcoin Cash out of it!
Unfortunately I don't think we will ever see a distribution and if there was, I don't think it will be in BTC. It will be in cash.
Last I saw the payout was expected to be less than 1/10th of current evaluation (~$500/btc)... hell BCH might be worth more than gox coins by the time they distribute them.
26.
Post 24422740 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.26h):
today's top 5 volume leaders
Looks like something has to give (just hope it isn't tethers
)
27.
Post 24461440 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.26h):
Hmm.. might want to set some low buy orders just in case
https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQI'm going to go out on a limb and say we'll see the largest sell wall in bitcoin history today.
I'm trying to remember some of the past giant sell walls in BTC history. One that stands out in my memory is the one at 300 when the guy cashed out.. I think it was around 30k BTC IIRC. Of course, that could be dwarfed today in terms of USD value. And I have a feeling it will be soon. Although this time there's a good chance it's only flashed. Be safe out there folks
28.
Post 24462530 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.26h):
no, the whales are going long:
edit: no, more undecided.
My fault. I meant to say
very low buy orders... of the flash crash variety. Along those same lines, definitely don't want any stop loss orders out there.
29.
Post 24467696 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.26h):
Maybe BTC and BCH community can set aside their differences and destroy BTG
30.
Post 24497489 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
Maybe BTC and BCH community can set aside their differences and destroy BTG
BCH community?... Seriously?
This community is 3 men whose egos are bigger than Everest.
Craig Wright - Fake Satoshi who tried to con everybody.
Roger - Who told you Mt Gox and Bitcoin Unlimited were safe, and joined all possible BTC fork initiatives since day one.
Jihan - Mining/chip mafia leader and Antbleed purveyor.
What possibly could get wrong with BCH?
Well, it is difficult to explain CW, I give you that. I don't buy the packaged GA CIA story, and along those same lines I think its likely his support for CW began for diversionary purposes. In any case there doesn't seem to be a shortage of big egos and questionable tactics on all sides.
31.
Post 24521347 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
Only one last thing: seeing the majority of the hashrate flowing to BCH has been a very hard thing to accept. There are no such thing as loyal miners here. We have to rethink many things.
Of course, there is no such thing as loyal miner. That is exactly how they are supposed to behave. They must act in their own selfish interest and maximize their profits. Switching hash power to BCH can hurt bitcoin temporarily but is killing bcash permanently. BCH fanboys now understand their tragedy. BTC and BCH can't coexist in parallel because BCH doesn't give to users anything that BTC doesn't!
BTC actually has significant advantages over Bitcoin Cash, even if it has higher fees and transaction times, simply because it's the common denominator for literally every altcoin.
Yup, as long as btc controls the important base pairs there ain't really a flippening ever going to happen. Which is ironic given the hatred thrown at alts in some of these parts. It's why eth was never really as close as its market cap was. Things are a little different with bch though since it'd be easier to clone trading pairs on an exchange and offer both.
32.
Post 24553987 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
33.
Post 24559743 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
aha I tricked you though because 'nodes don't matter', remember.
glad you got some dosh out of this heist.
but I do still feel sorry for the Korean customers who Roger Ver stole from
Never really thought about those "Korean customers"... I mean... If someone buys some crypto that is experiencing such a pump I assume that someone knows what they are doing and the HIGH risk of a subsequent dump coming at any moment, no?
I would like to blame Ver and his gang for ripping off those people.... but I am not so sure that would be completely fair. Maybe he didn't even dump onto them after the peak. Maybe it was us bitcoiners trying to maximize our gains into BTC?
I donno. Anyway Ver can be blamed for MANY other stuff already...
trading is just trading.Not when it's wash trading timed with surgical precision to manipulate the markets.
Which was basically the business model of the largest Chinese exchanges for years.
34.
Post 24564555 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
FUD? Who knows.
Tencent reported that Sichuan has issued a notice indicating that all BTC production is ILLEGAL. Thus all hydro power plants are to cut off electricity supplies or face penalty.
If Chinese gov't follows the pattern they used with exchange FUD, after they have made a profit from their shorts, they will go long and announce it's not illegal, just some new minor restrictions. Usually after a few days of confusion.
35.
Post 24565662 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
copy-paste image to google translate ... grmblblbl doesn't work dammit
Try googling "Chinese FUD" instead
36.
Post 24568999 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
There are no new scams under the sun.
How very dull.
An appeal to the governments of the soi-disant nation states:
I would like to see new and more entertaining scammers, please.
How is this for a new scam idea - send me 500BTC and I will send you an image of my own creation, with a resolution of 1280x960 - great for a desktop background.
Oh sorry - someone has already SUCCESSFULLY done this back in the day.
https://bitcointalk.org/index.php?topic=25Proof - the address still has $4m
https://blockchain.info/address/1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vqWow! Very interesting.
Old legacy threads like that complete with Satoshi
posting replies I find fascinating. Thanx for linking.
Yet another reason to only use solid color backgrounds.
37.
Post 24570610 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.27h):
https://twitter.com/cnLedger/status/930436656045342720The head of that company has clarified that they made mistakes on the statement, as they are not a government administrative department, and have no rights to determine whether bitcoin mining is illegal
This guy tends to be accurate.
38.
Post 26675545 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.34h):
Guys -and girls- ... this is noticeable.
left boob (btc) + right boob (bch) = $20,000
39.
Post 29678287 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.42h):
Dude, just HODL.....
Little miss bitcoin is just going to freshen up, she will be back. Wait.....
bump for posterior.. errr I mean posterity
40.
Post 29686941 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.42h):
The price will probably stick at $6666 for a while.
6666.. and swing between 6420 & 7420.. typical btc strange attractors
41.
Post 29691583 (copy this link) (by monsanto) (scraped on 2020-04-04_Sat_15.42h):
