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

[True Myth]

LOL

BCC diving for $10

I saw one of Trevon's videos recently where he was telling people not to panic about BCC dropping to $30. He went on to explain that all the smart people should keep buying because BCC will come back up without a doubt. I wonder how that's working out for him...

[cAPSLOCK]

It would be fascinating if in the future ...

... and all impossible futures generally are fascinating.

Looks like the whole tx spam job by Ver's minions, Wu, Armstrong, Rizun, jbreher, cyberdoc and co. is officially a failed exercise in self-falattio

https://dedi.jochen-hoenicke.de/queue/#6m

time to find a new FUD spam song for bitcoin's official losers brigade.

Do we have proof that there was spam from the BCASH camp?  Did anyone do the forensics on that?

[True Myth]

Off topic... I just realized that I can merit myself? Didn't try but, it gives me the option and I assume it works. That's like Facebook allowing you to like your own posts. Of course I like my post I wrote it!

[HairyMaclairy]

It would be fascinating if in the future ...

... and all impossible futures generally are fascinating.

Looks like the whole tx spam job by Ver's minions, Wu, Armstrong, Rizun, jbreher, cyberdoc and co. is officially a failed exercise in self-falattio

https://dedi.jochen-hoenicke.de/queue/#6m

time to find a new FUD spam song for bitcoin's official losers brigade.

Do we have proof that there was spam from the BCASH camp?  Did anyone do the forensics on that?

It was a single account that spent US$37 million in fees sending tiny transactions to itself every second. 

Who else would spend that sort of money to accomplish nothing ?

[TERA2]

Off topic... I just realized that I can merit myself? Didn't try but, it gives me the option and I assume it works. That's like Facebook allowing you to like your own posts. Of course I like my post I wrote it!

I didn't assume it worked, I tried it out, and I got an error.

[Lopumbo]

Can anyone give me a hint why GDAX has been the bearish exchange the last couple of days? Could this be a signal that many of their users are making their exit via fiat? Coinbase can be a rather convenient way to do this.

Tether Confirms Its Relationship With Auditor Has 'Dissolved'

250$ Premium on Bitfinex means, People selling USDT for Coins, not necessarily trying to sell for USD but mostly doing so. USDT/USD on Kraken also trades already with 1% loss. Look at the cumulative volume on kraken  
There could be funny divergences in the next days. Like 15k$ on Bitfinex and 12k$ on GDAX. Then you'll know that the shit hits the fan.

[True Myth]

Off topic... I just realized that I can merit myself? Didn't try but, it gives me the option and I assume it works. That's like Facebook allowing you to like your own posts. Of course I like my post I wrote it!

I didn't assume it worked, I tried it out, and I got an error.

Confirmed. It doesn't work...

[True Myth]

Going back a few pages to Robinhood Crypto...

My buddy confirmed today that Robinhood will allow users to withdraw in the form of crypto but, it will require an extra level of identification on thier system.

The odd thing with Robinhood is that you enter a buy price and they utilize multiple exchanges to look for the lowest price to execute your order.  I have not confirmed which exchanges they are using though. If Robinhood becomes widely used, it could possibly pull prices closer between exchanges.

[True Myth]

$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.

WTF Coinbase ?!

GDAX sitting at $11,300. There is 600BTC to go before  $11,500. Seems like quite a distance to catch up  

*Edit - Volume is also lowest it's been for a long time. Down to 11,500BTC over last 24 hours.

[Torque]

$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.

WTF Coinbase ?!

Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time.

I'm already bracing for it.

[infofront]

Well said... the globalists know Europeans like freedom and hate authroity more than most, so they are #1 on the extermination / submission list of world domination and mass enslavement.

Yet they've embraced authority with open arms.

[Biodom]

$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.

WTF Coinbase ?!

Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time.

I'm already bracing for it.

Could be a benign explanation.
Excited students talked to their folks to buy bitcoin during Thanksgiving and/or Christmas.
Mom and pop went to Coinbase and bought right around the top, then saw their holdings halved.
Then they did not sell at a first rebound around 16.5K.
Now that it rebound a little from recent bottom, they are rushing to sell, especially if they also lost on Ripple bought a week or two later.

[Toxic2040]

$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.

WTF Coinbase ?!

Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time.

I'm already bracing for it.

50 coin closer...   its going up..get ready.  should be heading for 12.2-12.3 anytime.

[d_eddie]

It would be fascinating if in the future ...

... and all impossible futures generally are fascinating.

Looks like the whole tx spam job by Ver's minions, Wu, Armstrong, Rizun, jbreher, cyberdoc and co. is officially a failed exercise in self-falattio

https://dedi.jochen-hoenicke.de/queue/#6m

time to find a new FUD spam song for bitcoin's official losers brigade.

Do we have proof that there was spam from the BCASH camp?  Did anyone do the forensics on that?

No proof as in theorem, but lots of hard numerical evidence showing suspect correlation.
I suspect the operation was only economical with regionally subsidized energy back in China.
As soon as you become a smaller part of the earth mining pool, the cost of spamming grows like 1 - 1/n, if your hashrate is 1/n of the total.
I'd challenge a malicious opponent to pull this off in, say, Canada.

[Enjel]

$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.

WTF Coinbase ?!

Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time.

I'm already bracing for it.

Could be a benign explanation.
Excited students talked to their folks to buy bitcoin during Thanksgiving and/or Christmas.
Mom and pop went to Coinbase and bought right around the top, then saw their holdings halved.
Then they did not sell at a first rebound around 16.5K.
Now that it rebound a little from recent bottom, they are rushing to sell, especially if they also lost on Ripple bought a week or two later.

But how many people actually bought Bitcoin at the top, or XRP at the top?

[True Myth]

But how many people actually bought Bitcoin at the top, or XRP at the top?

Well... for every seller there is a buyer so...

[Bitcoinaire]

We're looking ever so slightly bullish...

[d_eddie]

But how many people actually bought Bitcoin at the top, or XRP at the top?

Wild guessing exercise:

XRP, uh I don't know... probably not as many: only wise, up-to-date kids who already made some on korn? Mid-large positions maybe?

BTC on the contrary, quite a few people I think. Pops and moms, first-timers, people already on the brink for months-years. I imagine many small positions with no single mind, no coordination, basically no clue. Most on Coinbase.

[cAPSLOCK]

It would be fascinating if in the future ...

... and all impossible futures generally are fascinating.

Looks like the whole tx spam job by Ver's minions, Wu, Armstrong, Rizun, jbreher, cyberdoc and co. is officially a failed exercise in self-falattio

https://dedi.jochen-hoenicke.de/queue/#6m

time to find a new FUD spam song for bitcoin's official losers brigade.

Do we have proof that there was spam from the BCASH camp?  Did anyone do the forensics on that?

No proof as in theorem, but lots of hard numerical evidence showing suspect correlation.
I suspect the operation was only economical with regionally subsidized energy back in China.
As soon as you become a smaller part of the earth mining pool, the cost of spamming grows like 1 - 1/n, if your hashrate is 1/n of the total.
I'd challenge a malicious opponent to pull this off in, say, Canada.

Playing devil's advocate here. I think your argument is compelling. But is it not also possible that this was the result of non batched non segwit transactions that we are now seeing fixed by some of the exchanges and possibly pools?

[Enjel]

But how many people actually bought Bitcoin at the top, or XRP at the top?

Well... for every seller there is a buyer so...

True. I wonder how many of those people were dumping at ~11k or even ~9k in the past week.