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

[User705]

All of the alts are merely acting like leveraged bitcoin right now. It doesnt matter what you think of that alt. If youre confident bitcoin is going to make a move than using the alt is a more profitable choice. XRP was especially appealing because it was down 75% from the high it had just 2 weeks ago. I figured if btc had a hard rebound then XRP could easily see a crazy spike as high as 200% transiently, though I ended up settling for 50% instead. At the very least you were definitely going to get your buy price back after any kind of bounce. Think of the 85 cent XRP. Where do you think it was going? Was it just going to go down to like 50 cents and stay there indefinitely without any bounces? It was just $3.30. 2 weeks! I understand the fundamental sentiment about ripple but this isnt a penny stock, it's a multi billion dollar digital currency.

This was funny.  At this junctions alts are exactly that.  Low liquidity penny stocks.

[1642659048]

1642659048

[TERA2]

All of the alts are merely acting like leveraged bitcoin right now. It doesnt matter what you think of that alt. If youre confident bitcoin is going to make a move than using the alt is a more profitable choice. XRP was especially appealing because it was down 75% from the high it had just 2 weeks ago. I figured if btc had a hard rebound then XRP could easily see a crazy spike as high as 200% transiently, though I ended up settling for 50% instead. At the very least you were definitely going to get your buy price back after any kind of bounce. Think of the 85 cent XRP. Where do you think it was going? Was it just going to go down to like 50 cents and stay there indefinitely without any bounces? It was just $3.30. 2 weeks! I understand the fundamental sentiment about ripple but this isnt a penny stock, it's a multi billion dollar digital currency.

This was funny.  At this junctions alts are exactly that.  Low liquidity penny stocks.

Not low luquidiity today. During high volume you can buy XRP and ETH from walls of up to $2 million in a single order. Penny stocks are lucky to see $100k of volume in an entire day. Have you ever traded a penny stock? It would be worse than trying to trade PPC, which has 15btc of volume today. It's a nightmare. If you buy at the wrong time you are instantly wiped out with no chance to sell even if the price hasn't moved and you know you need to sell.

[realr0ach]

I have never seen more dishonest people in my entire life as this forum:

Ive already showed him how bitcoin is the bottom of the new exters pyramid

LOL what a joke.  You are the most dishonest dirtbag on this entire forum.  The base of Exter's Pyramid is mostly about whatever asset removes the most risk.  Bitcoin has built-in, rent seeking middlemen and doesn't even remove counter party risk.  Plus it can be destroyed by more black swans than you can count, while it requires a black hole hitting the earth to black swan metals.

Bitcoin is a complete dud attempting to compete in that department as the base of Exter's Pyramid.  You need to either be stupid or some type of chronic liar to think people will believe your lies.  Anyone capable of objective, elementary level fundamental analysis can tell you're wrong, so you only make yourself look like an idiot each time you type it.  Then you have the fact it's not possible to create a decentralized digital currency in the first place, only ones designed to centralize, so they are all nothing more than federated chains in the end - permissioned ledger slavery systems.

[Biodom]

All of the alts are merely acting like leveraged bitcoin right now. It doesnt matter what you think of that alt. If youre confident bitcoin is going to make a move than using the alt is a more profitable choice. XRP was especially appealing because it was down 75% from the high it had just 2 weeks ago. I figured if btc had a hard rebound then XRP could easily see a crazy spike as high as 200% transiently, though I ended up settling for 50% instead. At the very least you were definitely going to get your buy price back after any kind of bounce. Think of the 85 cent XRP. Where do you think it was going? Was it just going to go down to like 50 cents and stay there indefinitely without any bounces? It was just $3.30. 2 weeks! I understand the fundamental sentiment about ripple but this isnt a penny stock, it's a multi billion dollar digital currency.

This was funny.  At this junctions alts are exactly that.  Low liquidity penny stocks.

Not low luquidiity today. During high volume you can buy XRP and ETH from walls of up to $2 million in a single order. Penny stocks are lucky to see $100k of volume in an entire day. Have you ever traded a penny stock? It would be worse than trying to trade PPC, which has 15btc of volume today. It's a nightmare. If you buy at the wrong time you are instantly wiped out with no chance to sell even if the price hasn't moved and you know you need to sell.

GBTC is splitting 1:91, effectively resulting in about 1mbtc/share.
An interesting experiment.

penny stocks could be liquid.
One such example is SIRI that was a penny stock for years with 5 bil shares.
It's volumes pretty much stayed the same all the way from $0.1 (a decade or so ago) to the current price around $5.

[UnDerDoG81]

People dont learn and invest back in ripple. It looks like not much people have interest in Bitcoin. Cant see an ath in the near future.

[Neo_Coin]

[OWZ1337]

People dont learn and invest back in ripple. It looks like not much people have interest in Bitcoin. Cant see an ath in the near future.

why not simply "invest" in the big mega banks they target? :\ you a fool.

[milkshock100]

Can you say....

Dead cat bounce

[windjc]

Nice chart. I have only seen that chart about 1,873,398 times since the beginning of 2013.

So I am sorry if you thought you were posting an original or important idea. You did not.

Nice chart though.

[yonton]

This isn't 2013 any more. There is way too much infrastructure built around crypto for it to crash.

[realr0ach]

This isn't 2013 any more. There is way too much infrastructure built around crypto for it to crash.

What you mean to say is, lots psychopaths who are already rich like Peter Thiel yet have some type of mental problem where having a billion dollars isn't enough money, have invested money that may or may not vaporize unless they can trick idiots into buying their imaginary tokens so they can go from 1 billion to 2 billion net worth and then look for another asset to pump and dump afterwards.

And who's getting fleeced of their money by buying these imaginary tokens?  Stupid Americans of course, as China sells you the imaginary tokens then uses the funds to buy up all the real wealth:

[TERA2]

All I know is that if we were going to crash hard here it would have happened already. It doesnt just drag on for months or inch down on high volume.

[AlexGR]

https://twitter.com/ReutersBiz/status/953802924873977857

crap

Just FUD.  On same page:

"Old hands in South Korea Bitcoin market unfazed by threats of ban

Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent."

With all these "news" you'd expect korean prices would be like 5k usd... yet they are paying top dollar for their BTC:

https://coinmarketcap.com/currencies/bitcoin/#markets

Korea right now at 13k when everyone else is at 11k, despite the fud.

[TERA2]

With all these "news" you'd expect korean prices would be like 5k usd... yet they are paying top dollar for their BTC:

https://coinmarketcap.com/currencies/bitcoin/#markets

Korea right now at 13k when everyone else is at 11k, despite the fud.

Now favent we seen that sort of thing before at a another asian exchange?

[serveria.com]

People dont learn and invest back in ripple. It looks like not much people have interest in Bitcoin. Cant see an ath in the near future.

Anybody knows where can I hire a couple of "legendary" beartrolls to spread BS and FUD for me to get more cheap coins? Need more people like that brain-dead guy who bought 75k BTC for his mortgage money and panic sold for 45k. 

[realr0ach]

All I know is that if we were going to crash hard here it would have happened already. It doesnt just drag on for months or inch down on high volume.

Who do you know with the balls to pump this garbage after CNBC just got all the shoeshine boys loaded up on btc? lol.  If this actually goes up, it's just a confirmation bitcoin is a scam created by the govt and they want you in this centralized tracking system instead of metals since that's about the only way it's going up.

[TERA2]

I am using strictly TA behind my statements. I dont pay attention to all the bug men or whatever, roach. Who knows who is buying. Maybe it's capital flight from China in winnings from illicit kung fu match bets. The TA tells me what we dont know yet.

[rjclarke2000]

People dont learn and invest back in ripple. It looks like not much people have interest in Bitcoin. Cant see an ath in the near future.

Anybody knows where can I hire a couple of "legendary" beartrolls to spread BS and FUD for me to get more cheap coins? Need more people like that brain-dead guy who bought 75k BTC for his mortgage money and panic sold for 45k. 

You had 6+ years of cheap coins

[realr0ach]

I am using strictly TA behind my statements. I dont pay attention to all the bug men or whatever, roach. Who knows who is buying. Maybe it's capital flight from China in winnings from illicit kung fu match bets. The TA tells me what we dont know yet.

There is no valid TA on this.  That extremely long cup and handle pattern over the course of 2 or so years ended with a blow-off top and then it has to have somewhat of a long, drawn out period of consolidation and form a new bottom, just like when it was sideways at $200-400 forever.  What are you smoking where you think it's just instantly supposed to initiate a new pump and dump right after the last pump and dump that took several years to build up for?

All TA from the past is now invalid after the blow-off top and it has to form a new base over months or even years, not 24 hours.  And don't even pretend some buffoon's log chart showing the price literally reaching infinity is valid TA. People make charts of bitcoin claiming the market cap is going to go higher than M3 money supply.

[TERA2]

I havent made any statements about another pump. It just looks like dropping is pretty hard right now. We had all that drama and all that huge volume over the past 2 days only to fall 20%. In greater than an entire month were only down 40% from ATH with the low being at 55% from ATH. You know this isn't how a btc crash trades.