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

[ChartBuddy]

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[1715105557]

1715105557

[RenegadeMan]

I forgot about bitcoin for a few days, it was really nice

we all need a holiday from time to time! a nice beach with crystal clear waters or a lake in the mountains...

speaking of which, took my dad & daughter to the beach for a bit of a paddle, ended up surrounded by 'lots' of different fish(es) we all giggled like it was magic - it kinda was.

bought 12 more coins when we got home, and ate calimari.

Nice to see someone expressing their common humanity and decency. Little moments with dear loved ones like you just described are all important for remembering the really important things in life. Thanks for sharing.

[ChartBuddy]

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[Divitiae miserae]

we all need a holiday from time to time! a nice beach with crystal clear waters or a lake in the mountains...

speaking of which, took my dad & daughter to the beach for a bit of a paddle, ended up surrounded by 'lots' of different fish(es) we all giggled like it was magic - it kinda was.

bought 12 more coins when we got home, and ate calimari.

Nice to see someone expressing their common humanity and decency. Little moments with dear loved ones like you just described are all important for remembering the really important things in life. Thanks for sharing.

Not as nice as seeing someone who's steadily buying his way into poverty (and his beloveds').

[JayJuanGee]

Someone really wants to milk this cow until the end...  

Wrong. They just abandon a shitty performing asset for better performing ones.
Stop seeing ghosts everywhere (manipulation).

Well... I simply can't agree with you  

So you will lose money. 100eu incoming... (until Christmas, then bounce to 200eu and spring below 100eu). Then rally.

I didn't say that I don't trade... Just don't agree with a reasons for going down

I see, apologies!

But you have to understand IMO something, manipulating the market is done ONLY in the direction with the less resistance, hence BTC is already weak if it can be manipulated downwards.*

Why? Lack of demand and excess of supply. Enter manipulator that adds leverage to this.

So there is no manipulation essentially, only amplification.

Try to manipulate this at 1000$....

EDIT: * Unless there is a manipulator alone stronger than the whole market (remember, it is not just the BTCUSD pairs he has to manipulate, but essentially all cryptomarket - coins are correlated, AND the commodity market, AND the forex market, AND the stock market. Cryptos are correlated with all and none of these categories). But this is already very illuminati like scenario (I doubt a Soros would risk to do it) and if true EXTREMELY bearish for BTC, so better abandon the ship now...

Klee, you make a lot of good points, and I cannot be sure if you are talking your book or what? 

Surely there has been a lot of downward movement and pressure on BTC since November 2013 - however, that history does NOT really signify that BTC prices are going to continue in that direction.

I am NOT sure exactly what is going on with the exchanges, but it does seems that we are getting pretty good volume.  Also, it seems that more and more people are buying into BTC... You could be correct about some more downward direction, but that prediction seems far from inevitable.

[ChartBuddy]

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[aztecminer]

I can´t put in orders anymore on Bitfinex??? Is anyone else receiving this message:

""Uncaught ReferenceError: submitOrder is not defined. onclick @ exchange:684""


I want to close my positions! Please help, i´m scared of another Bitfinex flashcrash!

sounds like a nightmare.. trapped somewhere scary and cant get out... i dont know how to help you though.... how is the buy wall there ??

[ChartBuddy]

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[julian071]

I can´t put in orders anymore on Bitfinex??? Is anyone else receiving this message:

""Uncaught ReferenceError: submitOrder is not defined. onclick @ exchange:684""


I want to close my positions! Please help, i´m scared of another Bitfinex flashcrash!

Top quality FUD, would recommend, A+++

If aztecminer can feed the trolls, I can too!!

[Fatman3001]

What happened to the dump?





Oh noz! How sad.

[ChartBuddy]

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[DeathAngel]

What happened to the dump?





Oh noz! How sad.

Shorters getting their asses kicked? What happened? The price just looks like it's been going sideways to me.

[brg444]

I don't think you're being fair. Yes you are doing something by putting a little money into Bitcoin here and there. You are supporting Bitcoin because you want a better monetary system that isn't based on debt, and isn't confined by borders.  When times are lean then it makes sense to stash something valuable away, until it becomes worth more. When the value appreciates again, Bitcoin holders can use their increased purchasing power to support businesses that embrace crypto, rather than cash out. That's what 'many around here' are waiting to do I'm sure.

Buying a bitcoin and doing absolutely nothing with it for 10 years is about as useless to the bitcoin ecosystem as completely ignoring it.

You dont support bitcoin by wanting a "monetary system that isn't based on debt, and isn't confined by borders" .. thats called dreaming. You can support bitcoin by actively seeking out ways that you can integrate bitcoin in your daily life, and maybe provide services to others using bitcoin.

Quite a twisted and erroneous view of economics.

Holders are the ones giving value to the coins.

Ask Rothbard:

Money is just as useful when lying “idle” in somebody’s cash balance, even in a miser’s “hoard.” (At what point does a man’s cash balance become a faintly disreputable “hoard,” or the prudent man a miser? It is impossible to fix any definite criterion: generally, the charge of “hoarding” means that A is keeping more cash than B thinks is appropriate for A.) For that money is being held now in wait for possible future exchange—it supplies to its owner, right now, the usefulness of permitting exchanges at any time—present or future—the owner might desire.

[ChartBuddy]

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[ChartBuddy]

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[sAt0sHiFanClub]

I don't think you're being fair. Yes you are doing something by putting a little money into Bitcoin here and there. You are supporting Bitcoin because you want a better monetary system that isn't based on debt, and isn't confined by borders.  When times are lean then it makes sense to stash something valuable away, until it becomes worth more. When the value appreciates again, Bitcoin holders can use their increased purchasing power to support businesses that embrace crypto, rather than cash out. That's what 'many around here' are waiting to do I'm sure.

Buying a bitcoin and doing absolutely nothing with it for 10 years is about as useless to the bitcoin ecosystem as completely ignoring it.

You dont support bitcoin by wanting a "monetary system that isn't based on debt, and isn't confined by borders" .. thats called dreaming. You can support bitcoin by actively seeking out ways that you can integrate bitcoin in your daily life, and maybe provide services to others using bitcoin.

Quite a twisted and erroneous view of economics.

Holders are the ones giving value to the coins.  

Its whether or not the next person wants to buy your coin, and for how much, is what gives them value. Not the holder.
If there is no utility, no infrastructure and no potential then there is no market.

[gotmilk_]

So... how familiar sounds that?

https://www.reddit.com/r/BitcoinMarkets/comments/3l82c5/email_from_cftc_regarding_bitfinex_trading/

[brg444]

I don't think you're being fair. Yes you are doing something by putting a little money into Bitcoin here and there. You are supporting Bitcoin because you want a better monetary system that isn't based on debt, and isn't confined by borders.  When times are lean then it makes sense to stash something valuable away, until it becomes worth more. When the value appreciates again, Bitcoin holders can use their increased purchasing power to support businesses that embrace crypto, rather than cash out. That's what 'many around here' are waiting to do I'm sure.

Buying a bitcoin and doing absolutely nothing with it for 10 years is about as useless to the bitcoin ecosystem as completely ignoring it.

You dont support bitcoin by wanting a "monetary system that isn't based on debt, and isn't confined by borders" .. thats called dreaming. You can support bitcoin by actively seeking out ways that you can integrate bitcoin in your daily life, and maybe provide services to others using bitcoin.

Quite a twisted and erroneous view of economics.

Holders are the ones giving value to the coins.  

Its whether or not the next person wants to buy your coin, and for how much, is what gives them value. Not the holder.
If there is no utility, no infrastructure and no potential then there is no market.

There is utility, it's called a store of value with rather unique properties. Bitcoin grew to 3B$ market cap with little utility & infrastructure.

It's really simple, Bitcoin is money and as such as more capital is trusted into it (holders) the higher its value is so it's absolutely wrong to pretend that "buying a bitcoin and doing absolutely nothing with it for 10 years is useless".

[ChartBuddy]

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[STT]

It's really simple, Bitcoin is money and as such as more capital is trusted into it (holders) the higher its value is so it's absolutely wrong to pretend that "buying a bitcoin and doing absolutely nothing with it for 10 years is useless".

THe same argument is used when talking about gold and actually I think its correct.     People will point out gold sitting in a bank vault does nothing and serves no purpose however it is utilised by the bank issuing paper against its asset worth.  
Most obviously would be Fort Knox and dollar notes, though there is no fixed relationship the gold is effectively circulated within that system.

So just literally holding bitcoin and doing zero with it in any way is not productive or likely to produce value as the dollar system has managed or any bank with assets but also balance sheet liabilities.    Bitcoin is not worthless and does enable trade however I do think it relies on its usage to create value, so most often casino bets use bitcoin as a cheap way to pay out to their customers worldwide who are then obligied to carry out any translation personally into their local currency.   An efficent system is in play there that encourages business, so value is added.

Im not sure plain btc in a wallet is doing something useful exactly.  In a wallet as I travel overseas and its secure in allowing me to sell my house belongings in one country and then buy goods elsewhere and not risk the worth in the journey.  That example would be useful but most journeys dont take years.  

tl:dr  BTC velocity is high, other assets are likely better long term storage