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

[Karartma1]

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

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[d_eddie]

https://twitter.com/nathanielpopper/status/958415624455127040

The subpoena is several weeks old according to this.

I feel this is just one last (or next-to-last) weak shake. The bears must be out of breath. And out of coin.

[Torque]

https://twitter.com/nathanielpopper/status/958415624455127040

The subpoena is several weeks old according to this.

I feel this is just one last (or next-to-last) weak shake. The bears must be out of breath. And out of coin.

Yep. They can't keep shorting coins on the exchanges if they run out.

Funny thing is, Wallstreet was running the stops in the stock market today too.

I feel that they have fresh money coming in (repatriation), and Feb. will start the ball rolling.

[realr0ach]

Do you hear that sound, young goyim?  That's the great sucking sound of bitcoin being dumped for physical silver; the monsterous bubble deflating until there's nothing left in sight but Vitalik crawling up into a ball to die on the floor.

[d_eddie]

Notice
How
All
Shitcoins
Are
Pegged
to
Bitcoin's
Price
There
Will
Never
Be
A
Flippening

I would merit this, but in the expressive words of our retiring chap-wearing superstar,

I would merit this post, but I blew my load

[Samarkand]

https://twitter.com/nathanielpopper/status/958415624455127040

The subpoena is several weeks old according to this.

I can corroborate this theory.

https://www.trustnodes.com/2017/12/15/warrant-canary-bitfinex-employee-disappears-rumors-swirl

Bitfinex employee Chris Ellis removed the warrant canary from his
Twitter account back in December.

If anybody is not familiar with the definition of a warrant canary, here is
the definition from Wikipedia:

A warrant canary is a method by which a communications service provider aims
to inform its users that the provider has not been served with a secret government subpoena.
Secret subpoenas, such as those covered under [...] provide criminal penalties for disclosing
the existence of the warrant to any third party, including the service provider's users.

Besides, until then Chris Ellis was making multiple
tweets per day and suddenly his Twitter activity completely stopped:
https://twitter.com/mrchrisellis

Irrespective of this I have to agree with Torque, the proceedings that follow a subpoena can
take a long, long time and stalling tactics are definitely viable...

I don´t think this will have a big impact on the market at all.
I hope someone of you got a few buy orders filled.

[cannycassiopeia]

https://twitter.com/nathanielpopper/status/958415624455127040

The subpoena is several weeks old according to this.

Bloomberg updated the article. It now says the last subpoena was Dec 6
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

Its just old news and fud, lol.

[AZwarel]

I HODL.

2017 was a game changer, today my hairdresser asked me about "how to bitcoin", as i have mentioned earlier that am now "retired" thanks to bitcoin.

Seldom people talk about his, but the fact that bitcoin has reached the intellectually lazy "average Joe" 's mind last year, and the basic instinct of human greed made several of my
acquaintances to reach out to me* and wants to "invest" made me have the impression, that this must be happening all around the world; just look at the stupid ICO
frenzy, ill informed people throwing money in hope to make fortunes -bitconeecrash LOL.

My point is, even if the motivation of the "downtrotten" is for just quick buck, the fact that they start to accept cryptos as a valid substitute of wealth preservation/increase vs. the fiat world is a huge
step in the way of making bitcoin a mainstream phenomenon.

I wonder why all the worries, if anyone is here for the long run, who cares about a 50% dump? We are still up 1000%+ from a year now, why the FUD?



*Sadly, my efforts to educate these people always hit a brick wall, as they express implicitly, that they "do not have time" to invest in understanding the basic concepts (mathematical, IT, economic, etc.)
what bitcoin is, just wants free money.

Side rant: Now i do not have guilt anymore about the fact that my ex colleagues will earn less in 30 years than me just by sitting on my bitcoins, for i have spent literally 1000s of hours educating myself, restrained my spending for years ("nah, i won't go with you to a vacation, rather buy 5 more of those really cheap bitcoins! - 2015), and they could not take the fukin effort to read a couple of articles/watch a few hours of videos on youtube i have put the effort into select and sent them for basic education.
 

[Torque]

Bloomberg officially updates their article. Just wow. Isn't the fraud of the MSM just great? 

[d_eddie]

Good evidence, Samarkand. Thanks.

I don´t think this will have a big impact on the market at all.
I hope someone of you got a few buy orders filled.

I got one, waiting for one more. Shameless, yes, I am being a little unrestrained in this accumulation spree.

By the way, I hear a distant sound of thunder. No, it's not thunder. It's more like

shhpllllirrrrr shhpllllll weweee shplllrrrhh...

what can it be?
The distant sound of shorts being squeezed in the not too distant future?

[Imbatman]

I HODL.

2017 was a game changer, today my hairdresser asked me about "how to bitcoin", as i have mentioned earlier that am now "retired" thanks to bitcoin.

Seldom people talk about his, but the fact that bitcoin has reached the intellectually lazy "average Joe" 's mind last year, and the basic instinct of human greed made several of my
acquaintances to reach out to me* and wants to "invest" made me have the impression, that this must be happening all around the world; just look at the stupid ICO
frenzy, ill informed people throwing money in hope to make fortunes -bitconeecrash LOL.

My point is, even if the motivation of the "downtrotten" is for just quick buck, the fact that they start to accept cryptos as a valid substitute of wealth preservation/increase vs. the fiat world is a huge
step in the way of making bitcoin a mainstream phenomenon.

I wonder why all the worries, if anyone is here for the long run, who cares about a 50% dump? We are still up 1000%+ from a year now, why the FUD?



*Sadly, my efforts to educate these people always hit a brick wall, as they express implicitly, that they "do not have time" to invest in understanding the basic concepts (mathematical, IT, economic, etc.)
what bitcoin is, just wants free money.

Side rant: Now i do not have guilt anymore about the fact that my ex colleagues will earn less in 30 years than me just by sitting on my bitcoins, for i have spent literally 1000s of hours educating myself, restrained my spending for years ("nah, i won't go with you to a vacation, rather buy 5 more of those really cheap bitcoins! - 2015), and they could not take the fukin effort to read a couple of articles/watch a few hours of videos on youtube i have put the effort into select and sent them for basic education.
 

Couldn't agree with you more.  A friend of mine referred me to Bitcoin in summer of 2013.  I bought my first at $800 and one of my last at $200 in 2015 and have held since then.  I read voraciously on the subject back in 2013 which is the main reason why I invested around $10,000 into the technology and continue to be fascinated by it.

My friend you ask?  The one that first told me about it when it was at $60?  He owns .15 of a BTC, which was a gift from me in 2015.  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.  He had read enough about it to deem it interesting enough to pass on to me, but never spent more time understanding it.

I still feel a tad guilty when we speak, cause he's not getting another gift haha

[realr0ach]

By the way, I hear a distant sound of thunder. No, it's not thunder. It's more like

The sounds of the rats in the walls, clamoring for position to view the monstrosity known as bitcoin, pondering if there will be any morsel left to bite from it's decrepit corpse.

[LFC_Bitcoin]

Happy to see my fellow HODLERS accumulate in this thread, I’m sure there are hundreds of others reading this. Power to the HODLERS. You just know in a few years time when we’re all rich AF (some of us are already) those weak hands are going to want to commit suicide for selling at these kind of prices.

[bitcoinPsycho]

I HODL.

2017 was a game changer, today my hairdresser asked me about "how to bitcoin", as i have mentioned earlier that am now "retired" thanks to bitcoin.

Seldom people talk about his, but the fact that bitcoin has reached the intellectually lazy "average Joe" 's mind last year, and the basic instinct of human greed made several of my
acquaintances to reach out to me* and wants to "invest" made me have the impression, that this must be happening all around the world; just look at the stupid ICO
frenzy, ill informed people throwing money in hope to make fortunes -bitconeecrash LOL.

My point is, even if the motivation of the "downtrotten" is for just quick buck, the fact that they start to accept cryptos as a valid substitute of wealth preservation/increase vs. the fiat world is a huge
step in the way of making bitcoin a mainstream phenomenon.

I wonder why all the worries, if anyone is here for the long run, who cares about a 50% dump? We are still up 1000%+ from a year now, why the FUD?



*Sadly, my efforts to educate these people always hit a brick wall, as they express implicitly, that they "do not have time" to invest in understanding the basic concepts (mathematical, IT, economic, etc.)
what bitcoin is, just wants free money.

Side rant: Now i do not have guilt anymore about the fact that my ex colleagues will earn less in 30 years than me just by sitting on my bitcoins, for i have spent literally 1000s of hours educating myself, restrained my spending for years ("nah, i won't go with you to a vacation, rather buy 5 more of those really cheap bitcoins! - 2015), and they could not take the fukin effort to read a couple of articles/watch a few hours of videos on youtube i have put the effort into select and sent them for basic education.
 

Couldn't agree with you more.  A friend of mine referred me to Bitcoin in summer of 2013.  I bought my first at $800 and one of my last at $200 in 2015 and have held since then.  I read voraciously on the subject back in 2013 which is the main reason why I invested around $10,000 into the technology and continue to be fascinated by it.

My friend you ask?  The one that first told me about it when it was at $60?  He owns .15 of a BTC, which was a gift from me in 2015.  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.  He had read enough about it to deem it interesting enough to pass on to me, but never spent more time understanding it.

I still feel a tad guilty when we speak, cause he's not getting another gift haha

imagine if you had taken roach's advice, bought silver and gold you would be nowhere

[Samarkand]

... 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  

[gentlemand]

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.

[xxxxxzzzzz]

So let's see ... Bitfinex steals 10's of thousands of btc from their customers less than a year ago ... oh I'm sorry "got hacked" ... as much as they could get away with and continue trying to appear to be operating legitimately , "losing" roughly 1/3 of all their customer's funds ...

Then ooops sorry everyone we don't have a bank to send dollars to the US anymore , so everyone US is forced to buy btc to withdraw ...

Meanwhile the same criminal people who run Finex also run Tether ... and they simultaneously issue *themselves* billions of dollars in fake money ... which they use to drag the market kicking and screaming UP (if anyone cares to remember , when bull run started that they initiated , they were several $100's above the other exchanges which did not want to go above $1000 in the first place ... but eventually they just got so out of whack with the rest of the market , the other exchanges finally followed) ... momentum manufactured and voila in a handful of months from the low 1000's to the 20k stupidity fraud value we just saw ...

And no , it doesn't matter if tether's a comparably small % of the total btc cap - that fake couple billion on Finex was more than enough money to force momentum in the btc market from $1000 up (especially if you Fing run an exchange ... and can see everything and trade against your fleeing "customers" ... and yknow use billions of $'s in fake money to prop up the price fraudulently and force stops the whole way with extreme volatility) ...

Sure looks a lot like a goxxed type thing to me , except goxxed *may* have been a combination of incompetence + greed , while finexxed appears much more intentionally criminal ... a matter of time before they're raided / shut down / and or just rob everyone left there and hop a flight to Bali ... stay tuned to find out which ...

The only question in my mind is just how severely the btc price will suffer when their fraud finally comes to an end , and when and how exactly that will take place ...

I'm guessing something along the lines of "hey folks , due to whatever bs reason we just made up / we just "got hacked" again , we're shutting down and everyone can withdraw their pennies on the dollar funds in tether only - goodluck with that as it collapses shortly thereafter , we'll keep the btc."

[greensheep]

sth completetly different, today I - tried - to open a new bank account to be able to transfer money later on this year.
Then I would have multiple account to withdraw to..
I was open about the fact that money from BTC/crypto would be transferered to the account.

I got a call later this afternoon to say that 'Deutsche Bank' will not open account for this???

WTF?? Really? Why??

[rezurect007]

Hope that was it.

[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