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

[Imbatman]

... I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part. ...

Isn´t it possible that your friend simply didn´t had the money to buy
BTC even when the Bitcoin price was low? I guess a few people that believed
in Bitcoin simply missed out due to not being liquid enough to invest.

I´m not sure from which country you are, but even in a wealthy country
like the US the average person is not exactly having a lot of money
that is available for investment.

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

Maybe you should reconsider and gift him a few mBTC  

Nah, I know him well enough to know that he has/had enough discretionary income to invest in Bitcoin an amount he was willing to lose.  Interestingly (or sadly) enough, at the time I remember he was really into Physical silver.  He was accumulating quite a bit and we talked about Doomsday scenarios a lot.

You don't think ... my friend could actually be.... ?  No no, don't think it (shudders)  lol

[ivomm]

Guys, I have some questions. Tethers in Bitfinex's  address https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw keep increasing to nearly 300 mln now. Why is this? Can users from Bitfinex withraw USD if they have USDT (which upon withdrawal are going to that address)?

[conspirosphere.tk]

Tether might be a scam, quick sell your bitcoin for Tether! /bitfinexTraders

in fact looks like bitfinexTraders are now bidding/buying relatively more than on other exchanges as if exiting tethers/finex:

https://data.bitcoinity.org/markets/books/USD

[AZwarel]

... I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part. ...

Isn´t it possible that your friend simply didn´t had the money to buy
BTC even when the Bitcoin price was low? I guess a few people that believed
in Bitcoin simply missed out due to not being liquid enough to invest.

I´m not sure from which country you are, but even in a wealthy country
like the US the average person is not exactly having a lot of money
that is available for investment.

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

Maybe you should reconsider and gift him a few mBTC  

That might be the case, but, from my personal experience, it is mostly BS. I did not earn a lot (eastern eu. country), i cut back on my spendings - like a LOT - to put it in bitcoin. Most people waste money on shit. New clothes they do not need, all kinds of social indicators of wealth like newest phone, car, jewelry etc. I have talked to some of my friends about investing in the long term back than; they have rather spent several bitcoin's price on vacations in 2015/2016, so they can post a facebook report on "look, my life is awesome". Now those vacations costs 15x-20x in bitcoin price :-D

[jojo69]

I hope someone of you got a few buy orders filled.

can confirm

[mindrust]

What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up.

Never say never guys.  

[mindrust]

Still on track btw.

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

[ghandi]

Afer we got goxed, we finally might get tetherd or finexed. or both. who knows

[rezurect007]

I hope someone of you got a few buy orders filled.

can confirm

yup. a few orders got filled..

[Torque]

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

This is exactly why when people say that Average Joes were largely responsible for the liftoff in Nov/Dec, I say they are completely full of shit.

[pera]

What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up.

Never say never guys.  

Bitcoin will never touch $1k again. If this downtrend continues we will provably see $6k by the end of February and maybe even touch $3k by April or May, but that would be the most bearish case in my opinion.

[BinaryReign]

Been reading for a while but only now registered to speak.

Wanted to thank everyone for the great commentary and knowledge sharing.

I am in this for the long run, as stated previously: 1 BTC is 1 BTC. I am confident in the technology, which is what really matters here. This is just a quick stocking up stage. I believe/hope that BTC will only rise stronger. A good rise from this should show confidence in BTC and the community.

Thanks for the positive outlook. I hope to contribute more in the future, but it seems that many active users here are much more knowledgeable than I am.... but there are others that are clearly not. Hopefully I can find a spot to be helpful as well.

HODL/restock is the way through this.

Welcome fellow Hodler!

I’m kind of the same way, in that I have been reading here for longer than I have been registered (and I still rarely post), but I appreciate everyone here, even the trolls, bears and shills I have ignored lol. I have spent anywhere from 4-12 hours a day focusing on bitcoin/crypto these years, and a lot of that is seeing what is going on in here.

The reasons for these dips are so silly compared to around 3-5 years ago. Back then, we legit had no clue what the US government might decide to do. Many of us feared waking up one morning to news that they banned crypto currencies, but strong hands HODL.

Now look where we are, I couldn’t have imagined it all back then. I treated myself just before Christmas, by taking a two week vaca in Vegas, driving a Ferrari and eating amazing food. It was fantastic, and was only possible because of good ol BTC. In fact, twice BTC saved my trip from being ruined. Bank deposits don’t post to accounts on Sundays, so I used a BTC ATM and kept the party going

[cAPSLOCK]

https://www.cnbc.com/2018/01/30/facebook-cryptocurrency-ads-banned--including-bitcoin-and-icos.html

Facebook banning ALL crypto advertising including the legit companies.

This is EXTREMELY GOOD.

1.  Screw the ICOs.
2.  Screw crypto advertisements.
3.  Screw facebook.  Let them make themselves irrelevant. 

[explorer]

https://www.cnbc.com/2018/01/30/facebook-cryptocurrency-ads-banned--including-bitcoin-and-icos.html

Facebook banning ALL crypto advertising including the legit companies.

Waiting for ALL crypto to ban Facebook.  Now that would be something.

[Torque]

https://www.cnbc.com/2018/01/30/facebook-cryptocurrency-ads-banned--including-bitcoin-and-icos.html

Facebook banning ALL crypto advertising including the legit companies.

Waiting for ALL crypto to ban Facebook.  Now that would be something.

Mark Zuckerberg was asked by a reporter way back in 2013 if Facebook would ever integrate Bitcoin, and Mark played coy and completely panned the question. When I saw that and how he handled the question, I knew that the existing financial establishment had already gotten to him. He's been silent on the subject ever since.

[toknormal]

I think the whole 2017 runup was Gox on steriods.

When I first even heard what Tether actually was (a random-mined crypto "supposed" to be backed by real money) I just rolled my eyes. Money that costs nothing to make and is in the hands of a single entity can obviously cause all kinds of damage. It explains the huge pumps we saw periodically throughought the year. Anyone accumulating for real would never go charging into the order book like that.

But when you can just conjure up x-millions on a blockchain at will and use them to buy real bitcoin then anything is possible.

This can easily go back to 1k.

[conspirosphere.tk]

Afer we got goxed, we finally might get tetherd or finexed. or both. who knows

Anyone who will be finexed/tethered won't have my shoulder to cry on.

[conspirosphere.tk]

But when you can just conjure up x-millions on a blockchain at will and use them to buy real bitcoin then anything is possible.

This can easily go back to 1k.

A panic could happen, and then? The fundamentals of bitcoin are still all there.

[Elix9]

Hey quick,

Someone wake up JJG so he can tell me again that there are no pre-planned, coordinated attacks on Bitcoin. 

I've been wondering about this myself, seems like strategic FUD. Death by a 1000 cuts.

[Samarkand]

Bitfinex´ed on Twitter:

Bitcoin went up 17% in a single day, the day they got the subpoena.
and 26% the day after. [...]

https://twitter.com/Bitfinexed/status/958420215301394432

Bitcoin surged 43 % in the 48 hours after the delivery of the subpoena.

Back then everybody attributed the price action to the launch of the Bitcoin
futures if I remember it correctly.

I´m still sure that we won´t see a real decrease in the Bitcoin price.
I think we will stay above 10k.