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

[realr0ach]

It looks like they're trying to manipulate bitcoin back to it's old school schedule:  sideways until some random world event news happens like a helicopter going down in Africa that would have absolutely no effect whatsoever on bitcoin because it's just a speculative asset, then they'll try to use that as an excuse to pump and draw momentum traders in to dump on lol.  Unless some whale gets antsy and mega dumps to blow up the charts first because they can't find any "newz" to pump on.  Or the standard MO for all Jew markets in other words.

Or maybe Bitcoin is just putting in a nice local bottom. Price seems to have stabilized. It's classic price discovery working just the way it should.

You must be new to this planet because "classic price discovery" does not exist.  Every market is generally some rigged scam where it's either artificially pumped or artificially naked shorted at all times, with the only real focal point the price ever visits once in a while is cost of production.  That's the reason most markets tend to be bubbles, because it's vastly easier to raise something ABOVE cost of production than BELOW it, and "capitalism" doesn't work without some type of seigniorage fee in the first place.  

Kind of like bitcoin right now at $3k cost of production while it's price is $11.5k.  Unless China turns on a giant fleet of new miners to raise cost of production way higher, I would expect the price to go down a lot, I guess, because the gap between those two numbers is huge.  But China is supposedly being forced to turn OFF miners to lower cost of production even further, so you do the math.  

If anyone actually shorts in huge volume though, the whales just send their 200,000 illiquid asset coins they're sitting on to market and use as margin collateral to squeeze them.  The ability to take futures on imaginary assets or use imaginary assets as collateral is definitely up there as one of the bigger scams of all time.  This is how they pumped the price of Ethereum too.  They just created coins out of thin air for the IPO, then they send the premine to Poloniex and use it as margin collateral to raise the price higher.  Just about everything in crypto is a scam to try and get people to buy the most outrageously pumped "asset" possible.

[JayJuanGee]

Its going down again - and again lost money omg

That is because you seem to be a retarded drama queen. 

Take your drama to your mama.

Yup, sounds like someone is a newbie trader. Never experienced a loss
before, eh? Welcome to the meaning of Risk.

We probably figured out quite a while back that muadib83 is disingenuous and probably making shit up.... however, if we give the shithead some benefit of the doubt, seems like some folks need to do a bit contemplation of their strategy before jumping in.  Bitcoin does not move in just one direction, and if you are new to it, and if you are in your early accumulation stage, then you gotta figure out how you are going to build your nest egg.  You don't just take all of your available BTC investment money and just throw it in and then hope for it to go up, and if it does not then start whining about it.. There needs to be a bit more planning and durability than that, otherwise get the fuck out of here with your whimpiness.. referring to muadib83.. and that level of smart-ass whining.

[DaRude]

On a tangentially-related matter, does anyone know why the forums got rid of the glowing ignore color, based on how many people have a particular user marked for ignore ?

Oooh.  I had never noticed this but would enjoy it.

Thought it's been gone fore years now

[DaRude]

This is bullshit - I bought at 11.300 - Sold 11.500 - still I am down 120$ because everyone sold ealier eh - what a crap

Look on the bright side, i'm sure exchanges are thankful for handing them your money. You'll become a good day traded any day now 

[realr0ach]

That beats a MatTheCat trade any day, which usually goes something like - take long, price collapses, go short, price goes up, then exchange Gox's you after.

[Ibian]

Re: Peterson: Guy is a modern Socrates. He goes around poking sophists in their axioms and teaching people how to think. Everyone should watch him.

[Bloomie]

We're back to 11,700-11,800 range, which is exactly where we were just a couple of days ago. People need to relax, it's just a typical weekend dump. We can't expect the price to go up 1-2k every day forever. There are ups and down during a consolidation. I still think we're about to shoot up in a few weeks time to a new ATH.

[babanana]

Once bitcoin moons again these regulatory bodies will come after all exchanges again. They think something shady is going on the exchange when in fact the regulatory bodies are the shady ones.

[TERA2]

Its going down again - and again lost money omg

Stop trying to trade during low volume low volatility

[HairyMaclairy]

I was shooting heroin and reading “The Fountainhead” in the front seat of my privately owned police cruiser when a call came in. I put a quarter in the radio to activate it. It was the chief.

“Bad news, detective. We got a situation.”

“What? Is the mayor trying to ban trans fats again?”

“Worse. Somebody just stole four hundred and forty-seven million dollars’ worth of bitcoins.”

The heroin needle practically fell out of my arm. “What kind of monster would do something like that? Bitcoins are the ultimate currency: virtual, anonymous, stateless. They represent true economic freedom, not subject to arbitrary manipulation by any government. Do we have any leads?”

“Not yet. But mark my words: we’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.”

“Easy, chief,” I said. “Any rate the market offers is, by definition, fair.”

He laughed. “That’s why you’re the best I got, Lisowski. Now you get out there and find those bitcoins.”

“Don’t worry,” I said. “I’m on it.”

I put a quarter in the siren. Ten minutes later, I was on the scene. It was a normal office building, strangled on all sides by public sidewalks. I hopped over them and went inside.

“Home Depot™ Presents the Police!®” I said, flashing my badge and my gun and a small picture of Ron Paul. “Nobody move unless you want to!” They didn’t.

“Now, which one of you punks is going to pay me to investigate this crime?” No one spoke up.

“Come on,” I said. “Don’t you all understand that the protection of private property is the foundation of all personal liberty?”

It didn’t seem like they did.

“Seriously, guys. Without a strong economic motivator, I’m just going to stand here and not solve this case. Cash is fine, but I prefer being paid in gold bullion or autographed Penn Jillette posters.”

Nothing. These people were stonewalling me. It almost seemed like they didn’t care that a fortune in computer money invented to buy drugs was missing.

I figured I could wait them out. I lit several cigarettes indoors. A pregnant lady coughed, and I told her that secondhand smoke is a myth. Just then, a man in glasses made a break for it.

“Subway™ Eat Fresh and Freeze, Scumbag!®” I yelled.

Too late. He was already out the front door. I went after him.

“Stop right there!” I yelled as I ran. He was faster than me because I always try to avoid stepping on public sidewalks. Our country needs a private-sidewalk voucher system, but, thanks to the incestuous interplay between our corrupt federal government and the public-sidewalk lobby, it will never happen.

I was losing him. “Listen, I’ll pay you to stop!” I yelled. “What would you consider an appropriate price point for stopping? I’ll offer you a thirteenth of an ounce of gold and a gently worn ‘Bob Barr ‘08’ extra-large long-sleeved men’s T-shirt!”

He turned. In his hand was a revolver that the Constitution said he had every right to own. He fired at me and missed. I pulled my own gun, put a quarter in it, and fired back. The bullet lodged in a U.S.P.S. mailbox less than a foot from his head. I shot the mailbox again, on purpose.

“All right, all right!” the man yelled, throwing down his weapon. “I give up, cop! I confess: I took the bitcoins.”

“Why’d you do it?” I asked, as I slapped a pair of Oikos™ Greek Yogurt Presents Handcuffs® on the guy.

“Because I was afraid.”

“Afraid?”

“Afraid of an economic future free from the pernicious meddling of central bankers,” he said. “I’m a central banker.”

I wanted to coldcock the guy. Years ago, a central banker killed my partner. Instead, I shook my head.

“Let this be a message to all your central-banker friends out on the street,” I said. “No matter how many bitcoins you steal, you’ll never take away the dream of an open society based on the principles of personal and economic freedom.”

He nodded, because he knew I was right. Then he swiped his credit card to pay me for arresting him.

Acknowledgements to /u/shichyah1 on Reddit

[HairyMaclairy]

Lightning node how to:  https://medium.com/@dougvk/run-your-own-mainnet-lightning-node-2d2eab628a8b

[rezurect007]

The move from 11.1 to 11.6 was on very low decreasing volume..
Bearish.

[starmman]

The move from 11.1 to 11.6 was on very low decreasing volume..
Bearish.

Trading for me has seemed a bit flat across the board over the last 48 hours - hopefully there will be a bit more volume today

[jojo69]

That was great Hairy, thanks for bringing it in.


I am at a loss guys;  I can't decide to set up just over 11 for the sure thing or be greedy and set up clear the fuck down by 9.

#HODLerproblems

[User705]

That was great Hairy, thanks for bringing it in.


I am at a loss guys;  I can't decide to set up just over 11 for the sure thing or be greedy and set up clear the fuck down by 9.

#HODLerproblems

There’s always 10ish

[jojo69]

That was great Hairy, thanks for bringing it in.


I am at a loss guys;  I can't decide to set up just over 11 for the sure thing or be greedy and set up clear the fuck down by 9.

#HODLerproblems

There’s always 10ish

good man!

yes, I will sleep with that, see you nerds 8 hours hence

[ghandi]

No more adrenaline rushs anymore. Bitcoin got boring again.

[JayJuanGee]

That was great Hairy, thanks for bringing it in.


I am at a loss guys;  I can't decide to set up just over 11 for the sure thing or be greedy and set up clear the fuck down by 9.

#HODLerproblems

There’s always 10ish

For about the past month and a half, I moved my buy orders from every $750 to every $1k, and it has been working out quite great during this consolidation down from $19,666 and up from $9222 and all points between.

Surely, every once in a while, an order almost hits but not quite, but that just goes with the territory.

Accordingly, there should be nothing wrong with having orders at $11k, $10k and $9k - and really none of them are guaranteed to happen this time around or even ever again for that matter.

[rjclarke2000]

I miss Carolina, gentlemen, moon and Choo choos.

[Last of the V8s]

No more adrenaline rushs anymore. Bitcoin got boring again.

If you'd like a good fright watch tonevays https://www.youtube.com/watch?v=gbwZx9sIhDw&feature=em-lbcastemail

I miss Carolina, gentlemen, moon and Choo choos.

Remember banjos? and rockets? Those mean whales stole our toys