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6461  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 10:05:25 PM
dont celebrate just yet
we are not out of the danger zone

we should be ok at 13k


Umm...oops.

Does anyone know how to put corks back in champagne bottles?
USE A HAMMER!

Grip it with your buttocks. 
6462  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 09:57:53 PM
Holy shit, it WAS all about the expiring futures contracts.

Market closed at 4:30p EST. Buyback now in session.

The CME Future Close is still to come

http://coinview.co/calendar

Anyone know the comparative volume of CBOE v CME?  It’s potentially the difference between a moon shot and a bull trap.
6463  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 09:25:17 PM
Have the futures closed?
6464  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 09:18:19 PM
I would not be chasing any green candle without a significant period of consolidation.
6465  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 09:03:15 PM
I think it is unlikely you were born in a cage Ibian, unless it was a cage of your own making.
6466  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 08:50:04 PM
Roach is not sick, he is merely having trouble handling reality.

I’m sure he fits plenty of DSM-IV
The jews are in fact a problem, and there is no good solution to it. Wiping them out would be wrong on a moral basis because they are simply trying to survive, but that doesn't change that they are actively undermining our culture to our detriment.

It’s important that you take responsibility for your own life choices.  You shouldn’t try to attribute to conspiracy theories things which are easily explainable by market forces.

I used to work in mining, including with gold miners building gold wash plants.  It was a pretty simple strategy.  The strategy was to invest in projects with costs in the lowest quartile and expand those projects, driving other producers out of business.  Our business did exactly the same in iron ore, thermal and metallurgical coal.

So you can interpret low gold prices as a Zionist conspiracy.  Or you can admit it was because of actions by businesses such as my former employer exploiting a competitive advantage.  It might make you feel better to blame dark, shadowy forces but that’s just a pathway to not take responsibility for your own investment choices.

I am not saying market manipulation does not exist - it is rife.  But it can only persist for short periods of time until someone comes along and arbitrages it back down.   
6467  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 08:25:19 PM
Roach is not sick, he is merely having trouble handling reality.

I’m sure he fits plenty of DSM-IV
6468  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 07:28:15 PM
From the article:

Quote
Ordinary investors are at an even greater disadvantage in smaller digital currencies and tokens. Among the coins people invest in, bitcoin has the least concentrated ownership, says Spencer Bogart, managing director and head of research at Blockchain Capital. The top 100 bitcoin addresses control 17.3 percent of all the issued currency, according to Alex Sunnarborg, co-founder of crypto hedge fund Tetras Capital. With ether, a rival to bitcoin, the top 100 addresses control 40 percent of the supply, and with coins such as Gnosis, Qtum, and Storj, top holders control more than 90 percent. Many large owners are part of the teams running these projects.



I had a look at Notlambchop’s post history. Doesn’t look sufficiently literate to be an FT journalist.  More of a word salad type like Roach.  We do have a track record of attracting the mentally ill.  But I’m sure it’s worse elsewhere.
6469  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 11:00:21 AM
Can Ripple fall fast enough to overtake Bcash before both go to zero?  A fascinating question.  
6470  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 10:29:59 AM
6471  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 10:00:43 AM
We have certainly found our volume again.  

BTC dominance:  35.9% and heading upwards. 

Litecoin rank 6 and rising.

Monero rank 13 and rising. 

I kinda like this crash.
6472  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 09:15:43 AM
In the words of CryptoCobain, the Bitcoinchart looks like a diseased dick.
6473  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 08:38:15 AM
Look at the log charts. This rise to 20k was not even FOMO yet.

LOL, because charts that show assets going to infinity make a lot of sense, right?  Not to mention that bitcoin completely fails as a payment system the second fees go this high because people will just use something else instead.  It's a flat out bloated speculation bubble.  Most of these people buying coins on Coinbase didn't even interact with a blockchain AT ALL.  They pay Coinbase fiat for Coinbase IOUs.  The IOUs just sit on Coinbase while they pray the price goes up, then they eventually dump at a profit or loss.  This entire process could be done without bitcoin existing at all.  It's a 100% speculation pump and dump bubble.



Gee I guess I better buy Ripple instead because it only costs $1.
6474  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 08:36:10 AM
No one has given up Peter.  We just haven’t sold our soul to the Chinese like your pal Roger Ver.  


Tera:  that’s not a bull trap, it’s a retard trap.
6475  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 05:29:23 AM
If your rationale is “cash” then the longetivity of the ledger is irrelevant.  I get in and I get out of Litecoin at my destination.

No one cares that the Bcash ledger goes back to 2009 and the Litecoin ledger only goes back to 2011.

If you do care, you are being financially irrational.   The only choice is what vehicle gets me there fastest and cheapest.   

If I am using BTC as a trading pair it is often cheaper and fast enough just to stay in BTC.
6476  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 05:10:27 AM
Seems like scalping right off $10K on GDAX and Bitfinex was a classical technical analysis trade.

Was under $10K probably for less than a minute.

Tons of stop losses under... but many buy-limits under also

It’s a great lesson about not putting stop losses immediately below a major resistance point.
6477  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 01:46:31 AM
Not only has Vietnam taken measures to make Bitcoin transactions illegal but we can add the bank of Indonesia now.
https://www.newsbtc.com/2018/01/15/bank-indonesia-team-police-clampdown-bali-bitcoin-transactions/

First they laugh and deny, then they fight. Who's ready for the WIN!

It’s normal for third world countries to require you to use their local currency.  Makes it very hard to do construction projects there because you can’t get your money out.
6478  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 01:45:16 AM
I SODL on downside of the last bounce. Now it looks like it will be bouncing higher. Was hoping this was a dead cat bounce. Probably will soar now.  Cheesy

I’m a bull but risks are definitely to the downside in the short term.  We have broken support levels above $10k so we shouldn’t expect a rally.  Ideally you want to position yourself so you do well irregardless of whether the price goes up or down.
6479  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 17, 2018, 12:58:44 AM
So the ponzi scam BitConnect is finally dead? First casualty of the shitcoin saga?

Looks like it. Amazingly someone is buying now and price bounced a bit. Still down 86% on the day.

If I'm understanding correctly bitconnect customers were able to cash out the value of their accounts into bitconnect tokens at a price of $363. Currently the price is about $35

They were told they would be able to do that.  I don’t know if they actually can cash out.
6480  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 16, 2018, 11:54:23 PM
So who here is a bitconnect whale?
Please come out  Grin

Buy at 1 satoshi. Pump.  Sell at 8 satoshis.  
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