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

[Rosewater Foundation]

i like to think this was old school coiners beating Wall Street to the shorting punch. It's the optimist in me

I thought they deferred to the Winkdex in case of Gemini seizure or is that the other futures outfit?

idk man. I like to think a lot of things


don't mind me

[1715127584]

1715127584

[bones261]

so we broke down through the parabolic-est trend...I guess for the moment we will have to settle for parabolic-er-er-er growth

Parabolas have two sides, you know....

[Rosewater Foundation]

so we broke down through the parabolic-est trend...I guess for the moment we will have to settle for parabolic-er-er-er growth

Parabolas have two sides, you know....

[ivomm]

http://www.zerohedge.com/news/2017-12-08/bulgaria-government-shocked-discover-it-owns-3-billion-bitcoin

Ain't seen any mention of this.

Yea, I was surprised nobody was freaking out over a $3 billion govt dump.  It will likely be auctioned off like all other confiscations, but still, who the fuck wants to buy $3 billion of imaginary bitcoins using wealth that took generations to acquire?  Especially when you have things like bitcoin cash and all these other forks going on.  It's not longer safe to pretend there's only one chain.  You could be buying $3 billion of invalid chain lol.

A hedge fund can buy those coins from the bulgarian state and dump it selling contracts for shorts at CME, then apllying 10x leverage to win the bet and buy back the coins at a low price.

There is a lot of talks in the news about Bitcoin lately in Bulgaria. The officials said in the news that no one has the right to confiscate the 200K Bitcoins. But they are "locked and tainted" (whatever that means) as evidence of criminal activity. The top private television also aired an extensive documentary about Bitcoin, cryptocurencies, mining farms (mostly around hydro electric centrals) and exchange activity in the country. The Bitcoin frenzy lead the banks to ban all transactions to all domestic and foreign crypto exchanges. Of course, they can't ban the online banking offered by various services, so it is not a big deal.

[BTCMILLIONAIRE]

When the hell did BitMEX become the highest volume exchange?
https://coinmarketcap.com/currencies/bitcoin/#markets

Perhaps this indicates action (shorting it seems) by American institutional investors.

It's not technically a Bitcoin exchange.

Why would derivatives be listed in Bitcoin's CMC?

Maybe they want to inflate the marketcap with bitcoin which don't exist.

The supply is fixed, so the addition of derivatives won't change the market cap unless the amount of derivatives gets ridiculous and deviates strongly from the real price. Now volume on the other hand...

[bones261]

so we broke down through the parabolic-est trend...I guess for the moment we will have to settle for parabolic-er-er-er growth

Parabolas have two sides, you know....

This is probably the curve everyone is hoping for. Not a parabola.

[Rosewater Foundation]

^we'll take it!

[xhomerx10]

^we'll take it!

 What the fuck am I gonna do with all that Y?!  Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? 
Must be another Roger Ver misdirection.

[JayJuanGee]

Was Gemini hacked or is this just scheduled maintenance like their status page claims?

https://status.gemini.com/incidents/k4qvyflfmm24

Yep.. it is surely taking them a long time to get back online, and they have been having quite a few of these issues in recent weeks, which does not bode well for them in terms of attracting institutional investors and even partnering with CBOE

[BTCMILLIONAIRE]

so we broke down through the parabolic-est trend...I guess for the moment we will have to settle for parabolic-er-er-er growth

Parabolas have two sides, you know....

Sure, but you can move the middle point around to make it appear the way most people would like it to.

[bones261]

^we'll take it!

 What the fuck am I gonna do with all that Y?!  Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? 
Must be another Roger Ver misdirection.

Y=¥

[Torque]

^we'll take it!

 What the fuck am I gonna do with all that Y?!  Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? 
Must be another Roger Ver misdirection.

Y=¥

Y=YOLO

[realr0ach]

Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? 

You will have to find out if the universe is deterministic or not to answer that question:

http://steemit.com/science/@r0achtheunsavory/the-r0ach-report-25-computer-science-proves-the-existence-of-a-variable-known-as-god-but-not-what-god-actually-is

[xhomerx10]

^we'll take it!

 What the fuck am I gonna do with all that Y?!  Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? 
Must be another Roger Ver misdirection.

Y=¥

₮ｻ∆ик$ ﾓ◊Я ₮ｻ∑ ∑Жקﾚ∆и∆₮เ◊и

[xhomerx10]

^we'll take it!

 What the fuck am I gonna do with all that Y?!  Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? 
Must be another Roger Ver misdirection.

Y=¥

Y=YOLO

 In that case, I'm YODLin

[undeadbitcoiner]

I haven´t done much important in my life. But i have this forum getting going again. Thanks guys, keep it up  

You and Me are in this Forum i think that is already a lot we did, Don't forget my Friend there are still more than 6 Billion People in the world don't know or hear what is bitcoin.

[Imbatman]

So with cboe futures on Sunday, I'm thinking coiled spring ready to blow. Not sure of direction, though I'm betting on up... Either way it's going to be insane.

Agree or no?

It could be buy the rumor, sell the news... but in the longer term it is certainly bullish... because there is almost no way that these traditional financial fucks have prepared themselves enough BTC to really engage with this new instrument.

But don't you think it's the traditional financial fucks as you call them -- are the ones that largely have driven the price from 8k to 16k, in an effort to have a supply on side to hedge against the Big Short that will come?

Don't you think their plan was to accumulate as much as they could before futures go live?

If it was a coiled spring ready to burst upwards, wouldn't they be sitting on their cash right now and our price would be $8,500?

I hate to say it but I'm betting on downward pressure first.  Maybe not right away but I think it hits $12k before it hits $20k

Rather than giving an accurate assessment, you sound like you are unduly sympathetic to the plights of traditional financial fucks.

You also seem to give traditional financial fucks much more credit than they likely deserve in the supposed bitcoin "preparedness" arena.

Furthermore, $12k is hardly any kind of correction, given our past performance and given the current dynamics, so get real.  

Of course we could easily correct to $12k and even to $10k and it is within reasonable BTC price movements, especially when we have our current level of trade volume and seemingly ongoing passion, yet the current BTC price pressures remain UPPITY.. whether that is coming from traditional financial fucks or more broader-based.. and really I doubt that traditional financial fucks are driving this mad BTC price machine as much as you seem to be anticipating... good luck with your downward bets.    

Wow you are pretty condescending and arrogant.  Who said I was betting money on this?  I rather said this is what I think is going to happen.  Again, why so much anger at someone simply referencing their opinion?  Christ.

[bones261]

Who decided that Bitcoin would be denominated in Y and Y weren't we consulted? 

You will have to find out if the universe is deterministic or not to answer that question:

http://steemit.com/science/@r0achtheunsavory/the-r0ach-report-25-computer-science-proves-the-existence-of-a-variable-known-as-god-but-not-what-god-actually-is

Of course the universe is not deterministic. It's called quantum mechanics. Unless you want to consider things falling within certain probabilities deterministic.

[HairyMaclairy]

CBOE futures launch in 24 hours.

Each contract is for a US$ cash payment equal to 1 Bitcoin at the Gemini price at the Settlement Time, which is 4 pm Central Time on the Settlement Date.  Minimum price tick is $10.  Contracts settle in January, February and March.

XBT/F8 January

XBT/G8 February

XBT/H8 March

Please place your price predictions for the opening price of each of the three futures contracts.  Note:   I am still trying to work out the Settlement Date in each month. If someone has that info I will edit this post.


Edit:   Expiration Dates courtesy of Heater

GXBT      16250.00   -572.59   16350.10   14500.00     
XBT/F8   01/17/2018   0.0   0.0   0.0   0.0   0.0   0
XBT/G8   02/14/2018   0.0   0.0   0.0   0.0   0.0   0
XBT/H8   03/14/2018   0.0   0.0   0.0   0.0   0.0   0

[realr0ach]

Who decided that Bitcoin would be denominated in Y and Y weren't we consulted?  

You will have to find out if the universe is deterministic or not to answer that question:

http://steemit.com/science/@r0achtheunsavory/the-r0ach-report-25-computer-science-proves-the-existence-of-a-variable-known-as-god-but-not-what-god-actually-is

Of course the universe is not deterministic. It's called quantum mechanics. Unless you want to consider things falling within certain probabilities deterministic.

If you are locked inside an internal system with an external system surrounding you, it can still be deterministic and you're doing the equivalent of being played like a VCR tape to see predetermined events.  Whatever is at the top of the hierarchy takes precedent.