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

[Last of the V8s]

I wanted more pain than that.

[fabiorem]

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?

Makes complete sense. But then theres that people who will say this is a tin-foil hat conspiracy theory.

Just look at the growth after the end of october. Its not normal. If it was only average users, it wouldnt spike like that.

Thats why we need to HODL.

[Enjel]

The pitch to new investors (where price appreciation to 25k is going to come from)

It's not too late to tell your parents to buy physical silver instead.

Ouch...

That happened in my old hometown (Malmö) the other day. She was groped by an immigrant in a nightclub called Babel and slapped the guy. Later when she was going home the guy waited for her outside and smashed a bottle in her face, bystanders intervened but the guy got away before the police arrived.
That's one of the reasons I moved to another town.

If you think about it, it is a very bitter irony for several reasons.  First of all, it was ENTIRELY women holding up "refugees welcome" signs.  This is because human females are just like any other female mammal.  A female whale will make whale sounds to try and attract males to them.  The female whale then refuses to mate until there's only one male left - in other words, pretending she is the prize and the male whales are expendable and have to fight each other to the death for her.

The female human is essentially doing the same thing.  She wants the largest pool of human males possible to compete over them.  They don't care about any problems she causes by doing so, even if it destroys the entire civilization in the process.  They are primitive creatures subconsciously driven by Freudian instinct and all that matters is their reproductive strategy of getting as many males as possible to fight over them.  The more people that die in the process the better, because that eliminates supposedly weak genes.

When the good team of WW2 (the Nazis) defeated the French simply by walking around the side of their miles long trench, the French women immediately started flinged themselves at the Nazis and going on dates with them, abandoning their native Frenchmen.  Women literally just invite in invaders as part of their reproductive strategy.

But, this is where the funny part happens.  These cavemen from Iraq have foiled not one, but BOTH of women's schemes:

1)  The act of putting on lots of makeup, dressing in revealing clothing, and presenting themselves as sex objects while demanding men meet hundreds of conditions (exploitation) and give them resources (prostitution) to gain access to what they are advertising - FAIL.  These monkeys from Iraq just walk up and rape them, thus instead of the woman exploiting the man, the woman's scheme completely backfires and she is the exploited one.

2)  The woman also wanted all the men to fight to the death over her to leave only the good genes for mating.  This strategy has also completely failed.  The fact the govts are occupied by Jews legislating Marxism makes the risk/reward ratio for gunning down muslim invaders in the streets very unrewarding for the man, so they're obviously not going to play that game.  The woman then gets raped by some random janitor with bad genes from Somalia and loses again!

This is why Jews are always pushing propaganda to "empower women", because it's the fastest way possible to destroy a (white) civilization.  Women do not build civilizations.  When you look outside your window, literally every single brick was put there by a man.  It's like allowing a dog to drive a car.  If matriarchy was a viable model for humans, evolution would have already created it.  Hundreds of thousands of years of evolution deemed it unviable.

WTF has this this got to do with bitcoin?  Consider yourself permanently ignored, dickhead.

Someone can't handle the truth.  You can take your self destructive matriarchy and shove it up your ass.

I have to say though... supporters of mass refugee migration were all women (and the "nice guy" men), but not all women, not even close, support mass refugee migration.

The truth is that very few people actually go out to protests. The "vocal minority" makes social culture toxic in a democracy, since your alter-ego strengthens and restricts your freedom of speech/action.

I would say that, for instance, with regards "the matriarchy", that very few women are *true* feminists - many would call themselves a (modern) "feminist" if you asked, but most have a large degree of common sense, and aren't totally miserable.

[Biro Bob]

Anyone here from 2013?? 

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

Haha! That brings back memories! A lot has happened in 5 years.

[becoin]

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

One year ago it was 1k. Now it's 8k. It looks like buying at the top is a better strategy.  

[Enjel]

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

The "bottom" was around 9k, I claimed. Our little spike down to 8.5k met with very heavy resistance at high volume, which is a good sign.

Support level still sticks at around 8-9k.

[Cassius]

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!

I feel like one of us has entirely missed the point of this conversation.

[ImI]

Anyone here from 2013?? 

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

Haha! That brings back memories! A lot has happened in 5 years.

Love that song!

Innocent times.

No CNBC reporting about the last fart BTC let go.

[jojo69]

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

oooooh, I like that theory too

tldr/ bitfinex may have been indeed printing unbacked tethers at key moments to snap up cheap coins

then selling the BTC OTC for real dollars to back the tethers

the auditors were going to notice that things were happening in the wrong order

[JayJuanGee]

I need to recognize and thank those folks in this thread that pushed me towards liquidating a portion of my holdings - when I did - for the purpose of early-funding my early-retirement portfolio.

I would likely be a mess right now if I did not heed your folks' advice.

The block I sold @ $11.5k I totally owe to my partner, tho. Touched base while he was between a connecting flight back home, and encouraged me with "Don't get greedy ! Sell @ $11.5k instead of waiting for $12k or $12.5k"

Gives me a very nice cushion to practically hibernate for the entire month of February, where I expect things to pick up the closer we get to March.

HODL on, HODLers. We're heading into very choppy waters today by the looks of it.

BOB!!!!!


You party poop!  You are really assessing further downward BTC prices?     

[rezurect007]

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

Im in. Caught the bottom. Was expecting 8.5, 8.9 is good enough for me.HODL MODE.
Shorts being covered on finix.

I believe BTC is behaving like forex markets. This bottoming is not due to Bitfinex being cleared of wrongdoing.
Weak hands control how low it goes, depending how many there are.

[bones261]

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

oooooh, I like that theory too

tldr/ bitfinex may have been indeed printing unbacked tethers at key moments to snap up cheap coins

then selling the BTC OTC for real dollars to back the tethers

the auditors were going to notice that things were happening in the wrong order

Well the Tether printing press last created a batch on 01/23/2018. https://omniexplorer.info/default.aspx?filter=grant Not sure how that fits in with the theory.

[RejectedBanana]

I wanted more pain than that.

Yeah, that was barely even a pinprick!

[JayJuanGee]

1 btc still worth 1 btc

Except it's not. Tainting is hugely prevalent now.

Newly mined coins go for a premium.
 
etc. etc.

Do you really think that we have fungibility concerns in bitcoinlandia?  

Besides the bare assertion that you just made, what is your evidence,  your logic and/or facts?

[HairyMaclairy]

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

oooooh, I like that theory too

tldr/ bitfinex may have been indeed printing unbacked tethers at key moments to snap up cheap coins

then selling the BTC OTC for real dollars to back the tethers

the auditors were going to notice that things were happening in the wrong order

That has a tendency to go wrong when the price stops going up.  

In happier news, I am going to have a lot more BTC if this shake continues.  

[becoin]

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!

I feel like one of us has entirely missed the point of this conversation.

You think Finex defines the trading cycle of BTC by minting USDT. This is not true. Finex defines the trading cycle of USDT! They can do whatever they want with their private currency if they meet all their obligations. If you're not happy create your own currency and sell BTC against it. Hope that clears all missed points.

[Enjel]

Just to be clear... HODLers of the 2013-2014 crash aren't really worried about this, right?

I mean, you guys took a 90% hit, kept accumulating more coins, and eventually the price recovered and boomed.

I personally don't have any fear. Picked some up at 8.5k, looking to see what will happen next.

Hasn't even breached key support yet. Masterluc's graph shows 8k as a possible bottom. We'll see where the bounce takes us.

[JayJuanGee]

JayJuanGee, it was all over at this moment.  You shoulda just set all your money on fire the second this happened:

What is your reference, roachie poachie? 

Do you expect that peeps (including me) are going to know what "this" refers to? 

And, even if you have any kind of possible point that makes some sense, you seem to be attempting to assert that there is some kind of objective truth in regards to the direction of bitcoin, no?  Are you arguing a kind of fatalism now? 

or are you just throwing out random shit trying to figure out if anything might stick attempting to engage in distracting and non-relevant points that make no sense at all within a bitcoin context?  Hey, isn't this thread about bitcoin in some kind of way?

[rafanadal]

There is no bounce, this is a small momentarily correction
by tomorrow, we'll be sub 8k or close to that number.

[HairyMaclairy]

Just to be clear... HODLers of the 2013-2014 crash aren't really worried about this, right?

I mean, you guys took a 90% hit, kept accumulating more coins, and eventually the price recovered and boomed.

I personally don't have any fear. Picked some up at 8.5k, looking to see what will happen next.

Hasn't even breached key support yet. Masterluc's graph shows 8k as a possible bottom. We'll see where the bounce takes us.

I bought at $750 and saw lows of $120.  Bitcoin is not going anywhere.   But plenty of ICO tokens will go to zero.  

I will be buying very aggressively.  This is my chance to put the lessons I learnt in 2014 into action.

But Im not buying yet.