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

[Torque]

going below 10K in a few minutes.

The FUDsters want it so bad, don't they? Sub 10k. I can almost smell the fear...

I don't want it. but the FUD is causing it...

No it fucking is not. The dump/shorters and the FUDsters are one in the same. This is so transparent it is laughable.

These two article were published literally minutes before the dip below $10k:

https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
http://www.forexlive.com/news/!/bitfinex-and-tether-said-to-be-subpoenaed-by-cftc-20180130

[LFC_Bitcoin]

[Lopumbo]

Bloomberg: U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether

[pera]

oh my god this is going to be ugly, here we go... 

[Torque]

"The U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether..."

Last Week

So think about that, HODL, and BTFD

[PoolMinor]

Dear user,

We will be reopening the batch of the Antminer A3, the Blake(2b) miner, tomorrow.

Only Bitcoin Cash (BCH) will be accepted as payment method for this batch. Please select the payment method within 30 minutes of your order submission or otherwise, your order will be EXPIRED.

7. After successfully selecting the payment method, please complete the Bitcoin cash (BCH) payment for your order within one hour, or, otherwise, your order will be EXPIRED.

    BCH rulez ... or

i will not buy but .. why? bch

Because the only thing bcash is used for is buying antminers. If they don't enforce that as the payment method, bcash is not used anywhere else. The sociopaths behind bcash have egos to satisfy, remember they are geniuses because they bought in early, and they are geniuses because they created the real bitcoin called bcash. lol.

Actually Peter R makes a great comment on the subject.

https://bitcointalk.org/index.php?topic=178336.msg27683037#msg27683037

[LFC_Bitcoin]

"The U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether..."

Last Week

So think about that, HODL, and BTFD

How low is this going to go, I wish people would man the fuck up & stop selling at th 1st sign of what looks like bad news.

[luckygenough56]

[mindrust]

Good News: We are still over $9000.

[Rsiyz]

dip  

BobLawblaw can buy back with that part of selling to fiat ..  

[Torque]

"The U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether..."

Last Week

So think about that, HODL, and BTFD

How low is this going to go, I wish people would man the fuck up & stop selling at th 1st sign of what looks like bad news.

They're not though. The whales bought up everything between 7.5K and 19k. They're literally dumping and shorting into their own bid walls. Average Joes aren't fast enough on the trigger (unless they are stop loss selling).

[jojo69]

This is so transparent it is laughable.

The timing is pretty over the top...they really think we are that stupid...I suppose that fact in and of itself is a tradable data point.

[RayX12]

...
Or People woke up and suddenly felt the urge to move coins? Crash anticipation?
...

Yes!  Insider knowledge of the subpoena article coming. 

[rafanadal]

"The U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether..."

Last Week

So think about that, HODL, and BTFD

How low is this going to go, I wish people would man the fuck up & stop selling at th 1st sign of what looks like bad news.

Why won't they sell, if they can buy back later at a much cheaper price ?
people are treating btc as an investment, they want to make money, and cashout, no one treats btc as payment system, they don't care if it eventually succeeds or fails.

[jojo69]

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

[Torque]

This is so transparent it is laughable.

The timing is pretty over the top...they really think we are that stupid...I suppose that fact in and of itself is a tradable data point.

It's gonna be pretty laughable when the opposite of what they expect happens, and their shorts get squeezed to hell from incoming buyers trying to BTFD.

Also, do they really think people don't know legal due process? A subpoena is nothing, no action happens immediately. You can lawyer up and kick the can on shit like that for months or even years.

[STT]

Are you even paying attention?

Have you heard of lightning network?  Of course, some of it is already being experimented upon... it could take many years before it is microtransacting on the level of visa... but it is in the works.

Also, you mention that you want to send big amounts of bitcoin around, and you know that the problem is not with big amounts, because in terms of percentage it is not bad, especially if you are getting into the several thousand dollars arena.

Finally, fees are low currently and transaction times are fast currently.

I just looked in my blockchain.info wallet, and it is showing $.12 for regular fees and $2.02 for priority.  Seems fairly reasonable to me, and you could take advantage of these low fees if you want to move money around, at this time.

I have heard of lightning network but its only segwit adresses I'm able to use currently to alleviate fees, I'm just talking about the reality of the situation and how that feeds back into market demand.   Of course I want them to advance the capability of crypto far more then it is now especially for micro transactions, until its usable we are all speculating perhaps a little too much and hence the price pulls back to a more steady area.

I'm pretty sure all my transactions are micro!   I'm not a whale sadly, if fees have fallen to $2 then thats way more realistic for most people to use BTC.    I swear they recently halved, I'll check the graph site I have bookmarked and post the fee structure/backlog as I think its relevant



I dont want to spike the guys site with traffic, pm if you want a link as he gives a few dynamics

[podyx]

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

What news?

[jojo69]

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

What news?

Bitfinex/Tether subpoenaed

[PoolMinor]

the log line from July 15 is holding

so far just a wick under the 200 DEMA

If they cant break those with THIS news the bear is cooked.

What news?

https://bitcointalk.org/index.php?topic=178336.msg29259444#msg29259444