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

[rezurect007]

This is reminding me of the $800 phase in early 2014. I'd prefer a violent plunge to rip everyone's baby blue panties to shreds and then we can get down to business.

I think we've pretty much hit the bottom. For those who bought at 18k, expecting to get rich quick, a drop to 9k is more than enough shock to shake those people off.

Transaction costs are also no longer an issue, and speed is up. FUD is down too, since South Korea just added some regulations. We just had over 50% correction. A larger correction makes no sense since the run-up was nowhere near as sudden as back in 2013.

Just scooped up some more BTCs near 10k. Have a bit left in reserve to buy if it drops to ~8k.

True that the FUD news are starting to fade away.
I see more and more bullish articles on google news : samsung starting to create ASIC hardware, lightning network newcomers (just look at google trend https://trends.google.com/trends/explore?q=lightning%20network ), the guy who was robbed and forced to give his bitcoins (feel sorry for him but maybe the average dude will see this and think "oh so that bitcoin thing is actually valuable"), etc...

I don't see why the price would continue to drop.
Plus, mluc called bottom at 9k max and then an increase to 40k-110k by the end of 2018 so, hey. Hodl.

What about all the Tether fud?? And why no response of any kind from Tether? even a bullshit response like we have hired new auditors etc

EDIT: Havnt read it yet but -- https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf

Because this is the sort of bullshit conspiracy put together by people who can't get their head around what the consequences of leveraged shorting of BTC on bitfinex would be on tether.

Think about it a bit, now what's been happening over the last few weeks do you think? Bear in mind anyone with a USD balance on bitfinex actually has a tether balance, so if they make profits via leveraged trades they create tether.

https://medium.com/@espano/why-tethers-latest-statement-about-its-auditor-is-complete-bs-42f41e9ade9d

"A shortlist of crypto-related companies that have undergone or facilitate the performance of a financial statement audit:

QuadrigaCX, a publicly-traded Canadian cryptocurrency exchange, has had quarterly and annual audits for a couple of years
New York’s BitLicense regulations require annual financial statement audits, which means all 3 licensed companies have also been audited (or at least still have relationships with auditors, or their licenses would be revoked)"

[fabiorem]

My BS speculation skills at work:
Why the spike at the end? Doesn't look like spam? OR maybe it is.
Too chaep TX fee for miners, smaller scale SPAM?
Or People woke up and suddenly felt the urge to move coins? Crash anticipation?

Actually they will spam it everytime they feel the price will be rising.

The mining cartel have a lot of bitcoin at their disposal. They can dump it anytime, to provoke a massive sell-off.

But when it wont work, they just spam the network to increase the fees, so the price wont go too high.

Now, looking at the last chart published by masterluc, where he shows some waves, we can see a pattern forming where bitcoin is going increasingly sidelined.

Maybe the intention is to stabilize the price, so that when LN is fully implemented, bitcoin can de facto become a currency. Who knows, I think its too early for that, bitcoin will still be a speculative asset for at least a couple of years.

[rezurect007]

Where on earth does Masterluc grace his predictions?

https://vk.com/bitcoin_vanga

Thanks bob

I know how that feels.
It's possible to get it back if you have posted a BTC address in a post for which you hold the private key.
Unfortunately i didn't.
Ownership can be proved by signing.


Look like the same 3 drives i had posted:
https://www.tradingview.com/chart/BTCUSD/LdOQGk60-Short-Term-Downtrend-3-Drives-PAttern-Target-8-5k-within-Feb/
Long after the 3rd drive - Bullish pattern

[Lopumbo]

hold your butts

Bloomberg: Crypto exchange Bitfinex, tether said to get subpoenaed by CFTC

[svdleer]

going below 10K in a few minutes.

[rafanadal]

4 digits 

[cannycassiopeia]

Oh no....

[Lopumbo]

[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...

EDIT: And will ya look at that, some FUD news timed perfectly.   

[svdleer]

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...

[rezurect007]

The reaction was immediate:

[megadeth]

praise karhu

[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]