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

[PoolMinor]

It will never work....

[ivomm]

One thing that I haven’t fully understood with BTC price fluctuations I am hoping someone might have some theories on.

So the price of BTC against the dollar seems to fluctuate during these climbs and dips by percentages of quite a large magnitude (sometimes greater than 50%!).
Would it be correct to assume that during its earlier periods it would have been easier to manipulate the price due to the fact that
A: fewer players were in the game and would have owned larger amounts of BTC and
B: the dollar price was lower making it easier to buy larger amounts of BTC.?

Now with further distribution of BTC can we not assume that more people have smaller stashes (BLB aside!)?
Shouldn’t this make larger dumps less frequent?
Also large buys are a lot harder since it would require much larger sums of dollars to move the price up?

Yet we still see massive swings in the price. Can someone tell me why/how?

I think the price stagnation and low TX activity means that there are no more coins for sale at this price.  The weak hands are gone.  It is just us here now.  Everybody knows it is going back up at some point, the only question is when.

It's like we are in this Mexican standoff with Wall St. and everybody is like...WELL??

There are too many factors that contributed to the fluctuations in the last weeks. Most of them are not related to the price:
1.Altcoins massive pump.

Some "experts"on twitter expected this to happen in November, but it happened in Dec/ Jan 2018. Many noobs sold BTC's to get rich quickly. Most of them ended with heavy bags of coins that are at least 50% cheaper now. The poor new bag holders will have to wait another 1,2 years (or never) to see their money back .

2. Chinas threat to ban internet access to the exchanges and the mining facilities shut down.

Let's not forget that most of the chinese traders are not internet savvy and are afraid that their access to the exchanges will be blocked. They know little of vpn's, localbitcoins, etc. and prefer to sell at 50% loss rather than holding and figuring out a back up plan if this threat really happens.
 
3. South Korea's threat to ban the exchanges that allow anonymous accounts.

I don't understand how a closed system with no arbitrage possible (unless you are a resident of SK) can affect the price, but the FUD news always brings drops in price.

4. Wall street playing with futures, etc.

Clearly, Gemini is easily manipuated because of its low volume. Even Gdax is much weaker thatn Bitfinex.
...............

Now, the situation is improving, BTC is over sold, the support around 10-11K is getting stronger each day both on Bitfinex and Gdax, so I expect a slow and healthy recovery in February/March. We will have to wait and see what is the real price that can be supported with normal trading. I think that it is at least 15K.

[realr0ach]

I think that's Tera's magic lamp to summon a genie and grant his wish of a United States of Cuckoldry.  Tera's dream will sadly not be fulfilled:

http://dailystormer.red/dastardly-kike-blood-sucker-kristol-says-alt-right-is-winning/

[sirazimuth]

It will never work....

apparently not....

[babanana]

There is something terribly wrong about roach. We should segregate him because he is clearly becoming a danger to the community. Here and in real life. With a mind twisted as that, don't think he could contribute anything good to the society.

[TERA2]

Oh god I'm imaging this horrible dystopic world where bitcoiners have taken all the power and they decide who lives. The world will become like the lord of the flies roaches. We need to stop this now. #shutitdown #stopskynet

[realr0ach]

There is something terribly wrong about roach. We should segregate him because he is clearly becoming a danger to the community. Here and in real life. With a mind twisted as that, don't think he could contribute anything good to the society.

Your prodigious mewling to try and brainwash casual observers into ideologies easily exploited by (((international financiers))) like leftism or neoconservatism is ineffective.  Even the founders of America themselves were white nationalists.  What is this?  An insult claiming:  "You remind me of George Washington.  How evil!".  Any nation without an ethnocentric majority collapses.  This is the only reason nations like China and Japan still exist after hundreds/thousands of years.  

It appears your IQ is low and you have zero understanding of human sociology.  A nation also has no use in allowing foreign (((invaders))) who form a state within a state to practice subterfuge against them and destroy them from within.  If you act like a tapeworm, be prepared to be treated like one.

[babanana]

There is something terribly wrong about roach. We should segregate him because he is clearly becoming a danger to the community. Here and in real life. With a mind twisted as that, don't think he could contribute anything good to the society.

Your prodigious mewling to try and brainwash casual observers into ideologies easily exploited by (((international financiers))) like leftism or neoconservatism is ineffective.  Even the founders of America themselves were white nationalists.  What is this?  An insult claiming, "You remind me of George Washington.  How evil!".  Many were also opposed to allowing Jews in because they knew they would attempt to form a state within a state and practice subterfuge against the rest of the inhabitants.  It appears you have a very un-American viewpoint.

Just don't like people with oozing negativity like you.

[stompix]

Oh god I'm imaging this horrible dystopic world where bitcoiners have taken all the power and they decide who lives. The world will become like the lord of the flies roaches. We need to stop this now. #shutitdown #stopskynet

Sometimes I envision a world just like Wedlock but not for criminals, just for trolls.
Every time you try to troll you get 10 shocks, powerful enough so you won't be able to even s.... properly for a week.

Kind of looks like market right now.
<8k & 12-14 k & >18k all at the same sentiment.

Look at it right now,
Just two votes and it would be symmetrical 

[realr0ach]

There is something terribly wrong about roach. We should segregate him because he is clearly becoming a danger to the community. Here and in real life. With a mind twisted as that, don't think he could contribute anything good to the society.

Your prodigious mewling to try and brainwash casual observers into ideologies easily exploited by (((international financiers))) like leftism or neoconservatism is ineffective.  Even the founders of America themselves were white nationalists.  What is this?  An insult claiming:  "You remind me of George Washington.  How evil!".  Any nation without an ethnocentric majority collapses.  This is the only reason nations like China and Japan still exist after hundreds/thousands of years.  

It appears your IQ is low and you have zero understanding of human sociology.  A nation also has no use in allowing foreign (((invaders))) who form a state within a state to practice subterfuge against them and destroy them from within.  If you act like a tapeworm, be prepared to be treated like one.

Just don't like people with oozing negativity like you.

There's nothing "negative" about it.  It's called the truth.  You know?  Objective reality.  I'm sorry you're a giant baby and completely unable to handle the truth or reality.  I edited my previous post to include the important part:

Any nation without an ethnocentric majority collapses.  This is the only reason nations like China and Japan still exist after hundreds/thousands of years.  It appears your IQ is low and you have zero understanding of human sociology.

Objective reality completely debunks all of your artificial, Marxist ideology that originated from (((them))).  Your problem isn't me.  Your problem is that you're afraid your belief system is being exposed to be based on lies. Nobody is willing to go along with your lies anymore.  You're either with the goyim or you're with the terrorists.

Relatively decent scientific case study of the enemy of mankind:

http://en.metapedia.org/wiki/Jewish_group_evolutionary_strategy

[Wekkel]

It's called the truth.

So what now: ethnic cleansing?

[realr0ach]

It's called the truth.

So what now: ethnic cleansing?

The first step was Trump banning more monkeys from flooding in to destroy western civilization.  Next stop is deporting wild monkeys before they screw up anything else.  Step three is going after the (((people))) who were maliciously importing them on purpose to prevent them from ever doing it again.  Step two and three are interchangeable.  What, did you think you could destroy an entire civilization without anybody noticing or figuring out who is doing it?

[fabiorem]

This is twice now, in the last 12 hours or so, that we've seen mempool tx/fee activity spikes coinciding with a upward price movements.

It's uncanny.

Are the miners manipulating the price?

[bitcoinPsycho]

It's called the truth.

So what now: ethnic cleansing?

The first step was Trump banning more monkeys from flooding in to destroy western civilization.  Next stop is deporting wild monkeys before they screw up anything else.  Step three is going after the (((people))) who were maliciously importing them on purpose to prevent them from ever doing it again.  Step two and three are interchangeable.  What, did you think you could destroy an entire civilization without anybody noticing or figuring out who is doing it?

[realr0ach]

Proof bitcoin has entered not the "dumb money" stage, but the complete idiot stage.  These people who came in during the last pump are unable to coherently speak about any type of subject at all:



HOW in the fuck is this an argument proving digital scams are better than silver or gold?

[AlexGR]

Roach, crypto doesn't need to be "better" than gold or silver. It just needs to be better than fiat.

Dump fiat => buy crypto/silver/gold/real estate/whatever you want.

The idea is to dump the scam fiat...

[Rsiyz]

   REalcroach .. its all true but here are just people who want easy money over crypto world--aKa wall street on stereoids in compare to 80-90 s  .
look what do japan now . usa vasal and debt buyer,totaly destroyed and mobed from usa.. japan have lowest birthrate ,same like in war times. south koreans and taiwan chinese kick  japan  ass 1000times..  japan is death white mouse..  not capable to neew world.. thats why they desperatelly open new exchcange in luxemburg and try spread world with us dollar with cryptos coins .. just look to kodak and other japan firms witch are 0 now. germans are leading in patents for tech and chemistry

https://www.youtube.com/watch?v=Ezbb_0WhuKE

Banker at Davos: Russia is Starting to Take World Lead in Blockchain Technology

https://www.youtube.com/watch?v=FFGo5xgOBeQ&index=3&list=UUAvBcst08Tfo4VNtIaRPTNw

Top Israeli Intel Boss Reveals Russia's Biggest Mistake: Russians Are Too Nice To American Bullies   ... Be careful:  This guy wants war.


--Putin is smart enough to not react to US aggression the way the US wants him to react. The US wants such a reaction in order to justify more aggression and war spending . Meanwhile Putin is building up his strategic and military defense (and attack) plan, and cultivating allies.----

usa is  actually deadly scary of chinese an asean +brics .. thats why Kim win
but other world countries will pay heavy price becose tolerate now usa ..  when usa desperat will start ww3 becouse debt and other problems,, mentally is usa nation 0

[realr0ach]

Roach, crypto doesn't need to be "better" than gold or silver. It just needs to be better than fiat.

You people promoting these digital scams always fail at the macro picture (or just omit it because it's detrimental to your interests).  Just like the market cap of Paypal can only go so high, there comes a point in which bitcoin cannot be pump and dumped higher and anyone holding it only receives massive risk by doing so since they're just going to get sideways movement at best, or some black swan that takes it to zero.  It is at that point that Exter's Pyramid (meaning the assets that remove the most risk) becomes the only factor that's important.

The capital then takes a flight to safety and liquidates all BTC holdings for silver or gold since they can't be black swaned to death like bitcoin can.  There is sound money and unsound money, and any type of monetary instrument that causes everyone and their mother to instantly liquidate it the second they're not having enormous upside potential is pure garbage.  That's basically the very definition of a pump and dump scam.  This is why Exter's Pyramid matters, and the traits of bitcoin (an imaginary object) are objectively terrible in trying to compete with metals as the base of Exter's Pyramid.

[AlexGR]

Roach, crypto doesn't need to be "better" than gold or silver. It just needs to be better than fiat.

You people promoting these digital scams always fail at the macro picture (or just omit it because it's detrimental to your interests).  Just like the market cap of Paypal can only go so high, there comes a point in which bitcoin cannot be pump and dumped higher and anyone holding it only receives massive risk by doing so since they're just going to get sideways movement at best, or some black swan that takes it to zero.  It is at that point that Exter's Pyramid (meaning the assets that remove the most risk) becomes the only factor that's important.

Marketcap is measured in fiat.

Bitcoins are limited by design, while fiat isn't. It is inflated by design because it is issued as debt which has to be repaid with more fiat - which necessitates the issuance of more fiat. Again, and again, and again.

So, over time, you have the fiat emission curve and the bitcoin emission curve, and the fiat curve is ever expanding to cover debts (it is issued as debt, so it can't do otherwise).

When fiat is ever inflating, this means that scarce things, whether it's bitcoin, gold, silver, land, etc etc, will be valued more in fiat terms. This is even more pronounced in weaker fiat, like currencies in s. america, africa, asia, etc.

For example, the gold chart vs ARS is not similar with the USD one... for an Argentinian the gold price didn't peak in 2011, it goes on and on and on...
https://goldprice.org/gold-price-argentina.html
(click on 10-year chart)

Same for plenty of other countries...

So, yes, bitcoin, as well as gold or other scarce things, can keep going up and up and up. Because it's actually the opposite: Fiat is going down and down and down... And as fiat gets devalued, scarcer things need more fiat to be purchased.

[realr0ach]

I reject the premise that bitcoin competes only against fiat.  Bitcoin has to compete against silver and gold.  When the debt bubble implodes and takes down the whole monetary system with it - whether by inflation or deflationary collapse - it's likely only metals will be money again anyway.