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

[MelMan2002]

FOMO train revving its engines

[Gyrsur]

next 72h are critical!

[Dakustaking76]

If the price goes down to $6k I'm selling it all because obviously the graph will flip and the price will go negative.

Never sell boy! Until the Next halving

Yes the next halving, price will double


from 5 dollars to 10.

I have nothing to lose, i Will get rich ore i Will stay the same like now..
And if your not for btc then move out And fuck your selfff hater

[flynn]

ok

I'll say it :

Who sold at bottom ?

[JayJuanGee]

BTC has seen worse... These are Rookie figures.. These need to be "pumped" up to make new hodlers feel what its like to hodl...

I'm seeing this as a kind of a "initiation" into the cult.

Get out of here with your "cult" exaggeration bullshit.   

[Gyrsur]

ok

I'll say it :

Who sold at bottom ?

the bottom was 10k

[Cassius]

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

It doesn't make sense.

The timing of the creation of new USDT. Analysts have noted this often happens at critical moments, for example when the market is falling sharply or is threatening to breach a significant technical level. That would make sense if Tether are using those opportunities not only to buy cheap BTC, but potentially to manipulate prices higher in order to sell them at a better rate.

Bullsh!t. Every margin trader is doing that.

True. Though not every margin trader gets to print the currency with which they buy BTC.
It's pretty well accepted that the creation of new USDT tends to occur at key points in the trading cycle.

Margin traders borrow money that might or might not exist at the time trade is done. That's what banks are doing all the time while trading. They borrow overnight to finance their trading positions.

Nobody knows in advance where are the key points in the "trading cycle". Those points become key points only after somebody invests a lot of money buying or selling. In this case acquiring a lot of USDT and selling them for BTC.

By minting 100m usdt, Finex become the trading cycle. That's the whole point.

[becoin]

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

It doesn't make sense.

The timing of the creation of new USDT. Analysts have noted this often happens at critical moments, for example when the market is falling sharply or is threatening to breach a significant technical level. That would make sense if Tether are using those opportunities not only to buy cheap BTC, but potentially to manipulate prices higher in order to sell them at a better rate.

Bullsh!t. Every margin trader is doing that.

True. Though not every margin trader gets to print the currency with which they buy BTC.
It's pretty well accepted that the creation of new USDT tends to occur at key points in the trading cycle.

Margin traders borrow money that might or might not exist at the time trade is done. That's what banks are doing all the time while trading. They borrow overnight to finance their trading positions.

Nobody knows in advance where are the key points in the "trading cycle". Those points become key points only after somebody invests a lot of money buying or selling. In this case acquiring a lot of USDT and selling them for BTC.

By minting 100m usdt, Finex become the trading cycle. That's the whole point.

Every central bank is the trading cycle for their respective currency. USDT is a private currency of Fiinex. It is quite natural if Finex defines the trading cycle of USDT.

Fed is the trading cycle for USD. Finex is the trading cycle for USDT. Get used to it and move on!

[Elwar]

ok

I'll say it :

Who sold at bottom ?

I paid for a hotel room on Expedia when the price was at like $8600 or so.

On the other hand, it's the first time I've spent bitcoins in a while because the transaction fees didn't make it worth it. I paid $300 for the room and only paid $1 in fees (could have lowered the fee if I wanted).

[Gyrsur]

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

It doesn't make sense.

The timing of the creation of new USDT. Analysts have noted this often happens at critical moments, for example when the market is falling sharply or is threatening to breach a significant technical level. That would make sense if Tether are using those opportunities not only to buy cheap BTC, but potentially to manipulate prices higher in order to sell them at a better rate.

Bullsh!t. Every margin trader is doing that.

True. Though not every margin trader gets to print the currency with which they buy BTC.
It's pretty well accepted that the creation of new USDT tends to occur at key points in the trading cycle.

Margin traders borrow money that might or might not exist at the time trade is done. That's what banks are doing all the time while trading. They borrow overnight to finance their trading positions.

Nobody knows in advance where are the key points in the "trading cycle". Those points become key points only after somebody invests a lot of money buying or selling. In this case acquiring a lot of USDT and selling them for BTC.

By minting 100m usdt, Finex become the trading cycle. That's the whole point.

Every central bank is the trading cycle for their respective currency. USDT is a private currency of Fiinex. It is quite natural if Finex defines the trading cycle of USDT.

Fed is the trading cycle for USD. Finex is the trading cycle for USDT. Get used to it and move on!

[bones261]

ok

I'll say it :

Who sold at bottom ?

That would be me. My weak hands just couldn't HODL any longer. Ranks up there in one of the dumb moves that I have made.   Probably, because at 3:00 am in the morning, I got up to use the restroom and looked at the charts. Been up ever since, looking at the charts more than actually working.   Exhausted and cranky, I just dumped during my lunch break. Oh well, at least I still have 70% of my holdings in the private keys stored on my Trezor.

[ImI]

Anyone here from 2013?? 

https://www.youtube.com/watch?v=K2ku1A5Ox8U

[bitserve]

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

If that was the case I don't think it is even fraud. They were ultimately issuing tether in $100 million chunks which is a small percentage of the total. As soon as most the previous ones were already covered by USD from the sale of BTC they had enough money to cover just the latest issued Tether by their OWN USD. I can't see why that is fraud.

If Tether were backed not by USD but by other different assets (ie: BTC) that would be a much different thing and a clear fraud even if at some point of time those BTC were theoretically worth double or more than the amount of USD being backed.

Of course this is all speculation.

[Biro Bob]

I think the idea of "Guvs" and big banks was to buy up all know bitcoin in sight during the last 8 months of 2017, drive the price up to kingdom come and then slam the market into the ground in attempt to destroy confidence in bitcoin as an asset.

They had to do that to avoid the worldwide debt bubble being "pricked" by bitcoin.

May or may not work.

I also think this would account for some of the bizarre dumpfests...

Ie.. ‘Hey look! Bitcoin is recovering and seems to be gaining momentum and may end this month/week on a high ... let’s dump the shit out of it... so it doesn’t end the month/week on a high an I can maximise my...er....losses!!’

Yep. That seems legit!

[flynn]

ok

I'll say it :

Who sold at bottom ?

I paid for a hotel room on Expedia when the price was at like $8600 or so.

On the other hand, it's the first time I've spent bitcoins in a while because the transaction fees didn't make it worth it. I paid $300 for the room and only paid $1 in fees (could have lowered the fee if I wanted).

I gave you 1 merit for the pain.

Or else I said that because it's supposed to officially end the dip

But when I say it, nothing special happens of course ...

[fabiorem]

That would be me. My weak hands just couldn't HODL any longer. Ranks up there in one of the dumb moves that I have made.   Probably, because at 3:00 am in the morning, I got up to use the restroom and looked at the charts. Been up ever since, looking at the charts more than actually working.   Exhausted and cranky, I just dumped during my lunch break. Oh well, at least I still have 70% of my holdings in the private keys stored on my Trezor.

This is a test of faith. But you still have 70% of it.

Embrace the cult of HODL. This is a initiation.

You are entering in a new degree of the cult.

Karhu is here to test you.

[pera]

ok

I'll say it :

Who sold at bottom ?

the bottom was 10k

And before that it was 12k, and before that 14k... and now it's 8k?

It's almost like selling at the "bottom" could be actually a good strategy

[jojo69]

how's this for a theory? admittedly freshly pulled out of my ass

Wall St. has been shoveling USD into bitfinex hand over fist, the USDT is actually all backed.

Bitfinex AND bitfinexed are both in on the plan.

They stall their audit and release the USDT in such a way to appear as shady as possible, meanwhile bitfinexed jumps up and down and waves his arms.

They sever ties with their auditor and gin up the old story about the subpoena as wall St dumps BTC.

Wall St buys cheap coins...we are here, or soon

Tomorrow Bitfinex/Tether release all accounting data and bank statements, tether is all backed

we all suffer neck injury

profit?

[btcbeliever]

Anyone here from 2013?? 

https://www.youtube.com/watch?v=K2ku1A5Ox8U

February 2013.  What a crazy year that was!

[wugibugi]

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!