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

[Gyrsur]

this is not the recovery I expected. I think we will go lower in the next days before true recovery starts.

Bitfinex still sells BTC for USD because the need it to prove Tether is real. 

[ivomm]

I have a strong gut feeling something like this is going to happen: 

[JayJuanGee]

What is the reason for this drop? I’ve seen lots of FUD in my time... but this??

This is plain stupid.

It NOT be called stupid.


It be called:  "normal" price swings.   

[lightfoot]

I am really tempted to go and actually purchase some bitcoins......

[sa_94]

I am really tempted to go and actually purchase some bitcoins......

A much better idea than selling at this point even if we do go down further.

[centralbanksequalsbombs]

I'd feel guilty if I didn't share with you guys - join me and eat up...

....Nom, Nom, Nom

huh? you look confused?

time to buy and load up. its september 2017 and bitcoin on sale for 3,100usd.
buy and come back in 4 years.


nom, nom, nom

...nom, nom, nom...

Christmas came back quick! What a wonderful new year, welcome to 2018.

Time to buy and load up, its february 2018 and bitcoin on sale for 8,900usd! lightning network emerging. scamcoins dying.
buy and come back in 4 years.

...nom, nom, nom...

[itod]

People, things are not complicated, this is not some kind of natural disaster, what is happening is that scammers at Scamfinex have to produce 1 US$ for every 1 USDT they produced out of the thin air, or they will go to jail. No matter how low the price is, they have no choice but to sell BTC, there's no other way they can produce US$. Point is they can not sell your coins, they can only sell theirs. It's that simple, why would anyone care if they loose the whole sum they've acquired through scam? They can either sell enough to cover the scam, or fail and go to jail. Sooner or later they will run out of BTC and the line will be drown under, their BTC will be in someone else hands, but your BTC will remain in yours. It's that simple, as someone said 1 BTC will always be 1 BTC, there's no reason to fear of their failure. Only way you can fail is to sell your coins, otherwise you can not lose because this is not your game that is happening right now.

[TERA2]

Guys, I Sodl.

I'm a long term holder. Bought my first bitcoin in 2013 to buy MDMA on SilkRoad. Later got inspired as a software vendor by the idea of cheaper transactions (Visa getting 20% of my profit!).

I Hodl in 2014 when times were grim. I hodl because I believed that Bitcoin would disrupt finance, distribute power, and improve the quality of life with lower cost transactions.

Now Bitcoin seems more like digital gold... something the rich need to store their vast wealth and move it around. Or bitcoin/altcoins are a way to gamble like trading baseball cards. That just doesn't turn me on.

We've been saying that bitcoin isn't perfect because "it's like the internet in 1990". We said that 5 years ago, and people are still saying it again today.

I'm not giving up on Bitcoin, but I've sold 50%. Now I can breathe. I still believe in the dream of a decentralized currency. Still believe in bitcoin. And going to now focus on how I can support making bitcoin a currency.

Interesting. I also never would have gotten into bitcoin early if not for some kandi kid telling me about the silk road. However, once I learned and got fascinated with the technology, I forgot about the silk road and was solely focused on trading and mining. Its not easy to trade on drugs - the mind is slow and the chart does wierd shit on its own. I hope youre not still getting mdma in the mail - thats a bad idea - its bulky and dogs can smell it, not to mention it is neurotoxic,

You dont have to give an excuse to sell 50%. Thats a very rational thing to do if youre dealing with 6-7+ digit figures and you want to diversify and make youre set for life. I sold half at $18,800. Only if you sodl all would you need to confess.

[JayJuanGee]

Hi everyone,

Been lurking around for years and for some reason never needed to contribute
So it was about time to write the famous word: HODL!
It is so obvious that this is manipulated. It will take time to recover but not too much...

Stay strong!

PS: with all due respect, first thing I did after registering was ignoring some roaches that make this forum unreadable.

Hold the line, bitches, just hodl the line!    Don't you even try to sell!

Welcome and good first post.   

[ccminer.net]

I am really tempted to go and actually purchase some bitcoins......

Not just you my friend!!!!

[HanvanBitcoin]

I am really tempted to go and actually purchase some bitcoins......

Not just you my friend!!!!

if i only had the balls to sell my house and go all in

[AlexGR]

This is an interesting twist on the USDT thing: that they are capitalised, but went about it backwards. http://telegra.ph/Tether-could-be-guilty-of-perpetrating-a-huge-fraud-just-not-the-one-we-think-02-01

In general, it's very unlikely that a bitcoin exchange can go bust - unless it is massively hacked or its assets are confiscated by governments. Most of this fud-storm with finex is probably aimed to send the government at its door.

Exchanges have plenty of ways to make money, whether in an ethical or unethical manner... probably so many that I lack the imagination to cover all of them. They can claim shitforks and dump them for tens/hundreds of millions, they can manipulate their own markets, they can make money on trading fees, they can make money on withdrawal fees, they can frontrun their clients (since they know what kind of fiat is deposited and when the client clicks the "buy btc" button), they can issue their own tokens and get money from the spreads (like if you sell tethers for less than 1$), they can get multi-million bribes to include shitcoins, perform ICOs, etc etc etc.

And even if things go wrong, by a hack or something, they can issue a few stocks of their own company to new shareholders, showing how their business plan can generate tremendous profits in a booming market, and raise capital from there to cover the unfortunate event.

Exchanges don't even need to play the fractional reserve card nowadays... They are making too much money to question their solvency.

Having said that: Don't leave money in exchanges.

[fabiorem]

Sooner or later they will run out of BTC

Thats when they will gox their users. I dont understand these people who let their money sitting on exchanges, when we have all kinds of wallets for personal use.

[HI-TEC99]

I have a strong gut feeling something like this is going to happen:  

Is that called an emerging stegosaurus chart formation?

[JayJuanGee]

Guys, I Sodl.

I'm a long term holder. Bought my first bitcoin in 2013 to buy MDMA on SilkRoad. Later got inspired as a software vendor by the idea of cheaper transactions (Visa getting 20% of my profit!).

I Hodl in 2014 when times were grim. I hodl because I believed that Bitcoin would disrupt finance, distribute power, and improve the quality of life with lower cost transactions.

Now Bitcoin seems more like digital gold... something the rich need to store their vast wealth and move it around. Or bitcoin/altcoins are a way to gamble like trading baseball cards. That just doesn't turn me on.

We've been saying that bitcoin isn't perfect because "it's like the internet in 1990". We said that 5 years ago, and people are still saying it again today.

I'm not giving up on Bitcoin, but I've sold 50%. Now I can breathe. I still believe in the dream of a decentralized currency. Still believe in bitcoin. And going to now focus on how I can support making bitcoin a currency.

Interesting. I also never would have gotten into bitcoin early if not for some kandi kid telling me about the silk road. However, once I learned and got fascinated with the technology, I forgot about the silk road and was solely focused on trading and mining. Its not easy to trade on drugs - the mind is slow and the chart does wierd shit on its own. I hope youre not still getting mdma in the mail - thats a bad idea - its bulky and dogs can smell it, not to mention it is neurotoxic,

You dont have to give an excuse to sell 50%. Thats a very rational thing to do if youre dealing with 6-7+ digit figures and you want to diversify and make youre set for life. I sold half at $18,800. Only if you sodl all would you need to confess.

Tera Beara.  If what you are saying is true, you are going to be doing pretty good if you buy some back, at some point and if you don't wait to buy back at $17k... hahahahahaha.   

[Meuh6879]

Target is already on view, now.



Source : https://www.zerohedge.com/news/2018-02-01/gold-jumps-bonds-stocks-dollar-bitcoin-all-slump

[TERA2]

It's a propellor overheat correction.

It'll hit around 8500 to 9000 and then start to work it's way back up to the spinner at around $13800 over a period of 3-4 weeks.

Are you related to Tera Bera?  You are all over the place with your separate posts predicting seemingly contradicting scenarios.

Can you not see that most of my posts are either just flat out jokes or saying what COULD (not will) happen? I make very few "predictions" - most are very short term. For example here is a prediction I made:

itll rebound a little after filling that stupid wall

Within the next hour it both filled the 1600B wall and went up $300. I got no merit for this post.

[PoolMinor]

People, things are not complicated, this is not some kind of natural disaster, what is happening is that scammers at Scamfinex have to produce 1 US$ for every 1 USDT they produced out of the thin air, or they will go to jail. No matter how low the price is, they have no choice but to sell BTC, there's no other way they can produce US$. Point is they can not sell your coins, they can only sell theirs. It's that simple, why would anyone care if they loose the whole sum they've acquired through scam? They can either sell enough to cover the scam, or fail and go to jail. Sooner or later they will run out of BTC and the line will be drown under, their BTC will be in someone else hands, but your BTC will remain in yours. It's that simple, as someone said 1 BTC will always be 1 BTC, there's no reason to fear of their failure. Only way you can fail is to sell your coins, otherwise you can not lose because this is not your game that is happening right now.

If any of this conjecture were true, Bitfinex would be trailing in price not leading.

[legendster]

The drop is clearly due to the fact that Bitcoin is backed by drama, and there has been a shortage of drama lately.

Have you heard of the new stance of the Gov. in India about "blockchain" and "Bitcoin" ?? You'll get your fill of drama in our new budget for this year.

[svdleer]

Just bizar to see the bot activity at GDAX now placing buy and sell orders of 0.001 BTC with 1 dollar spread to manipulation the price down