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

[rezurect007]

And the most ridiculous part of the last few days ? If you own the allegedly manipulated scamcoin tether then you've outperformed everything else. Rational markets eh.....

In theory tether is pegged very close to the dollar.    It has been flat the last year while most coins are still up 300-1000%

Quite, but isn't the whole point of this latest round of FUD that Tether is an unbacked scam and therefore not really worth $1 or tethered at all.   If the price is stable close to $1 then maybe it's not a scam and all this is just made up shite and not even FUD

All the fuckheads have to do is release a letter from the bank confirming the balance.  No audit required - we can all count the number of Tether outstanding.   It’s a 5 minute job.  

My 2 cents:
I believe the market will bottom out even before Tether proves their USD liquidity.
I don't think this sell off has much to do with Tether other than the timing of the Bloomberg news.
The market moves wherever liquidity is.
All the price movements can be timed by good TA guy.

Psychology is what drives us to associate FUD with the pricedrop.
FUD/news might help with the timing of the pricing movements.

I could be absolutely wrong.

[samsonn25]

To make things even murkier, the ability to withdraw your Tether to your bank account in the form of USD has not always been guaranteed. As recently as December, Bloomberg reported that Tether's Terms of Service read as follows: “There is no contractual right or other right or legal claim against us to redeem or exchange your tethers for money. We do not guarantee any right of redemption or exchange of tethers by us for money.”

Importantly, a search of the company's current TOS page shows that language has been removed. Now, the company states that "Absent a reasonable legal justification not to redeem Tether Tokens, and provided that you are a fully verified customer of Tether, your Tether Tokens are freely redeemable."

The Terms of Service go on to note, however, that "residents of certain U.S. states are not permitted to be customers of Tether; are not permitted to cause Tethers to be issued or redeemed; and, are not permitted to hold Tether Tokens."

[pacman7331]

Sireusly When Will this stop??

I'm guessing in a few weeks we can start the reversal. But I don't know shit... said recently shorting would not be good now... then 10k broke...

[samsonn25]

Now im pretty scare. This is bad, no signs of the stoping.

You are supposed to be buying now, not be scared

[samsonn25]

Ripple lost 33% of total price. If this continues for tomorrow price will be 0.000001$.
90% of coins You will lose its peak.
The market was bigger than its real value

But you know Ripple is up alot  and was half a penny last year?

[HairyMaclairy]

Guys i think its over...

IT was a honor ;(

Don’t be silly.  It’s not over it’s barely begun.  We might go to 3k between here and there but that’s nothing.  We will be back bigger and meaner than ever.  If changing the world was easy, everyone would do it. 

[LFC_Bitcoin]

Ripple lost 33% of total price. If this continues for tomorrow price will be 0.000001$.
90% of coins You will lose its peak.
The market was bigger than its real value

I bought 207 Ripple a few weeks ago, I’m not really bothered about it because it’s not a great deal of money but I’ll HODL that too in the hope that one day it’ll be worth something.

Bitcoin is all I really care about atm.

[Apekool]

US media in general blame USDT, lol, articles coming up one after another.

[HairyMaclairy]

So everybody knew a bit about BTC and cryptos.

They put some money into the market in a skyrocketing period of gains, then a steady and eventually a huge dump.

They shook their hands and now someone believes it's not worth it, it's about a scam and so on (in the meantime FUD and regulations applied).

If you look at charts the price is still higher than August. Investments are increasing in this market.

Again, I see a strategy both to put away weak people from the market and reset it in order to follow the next pump.

The real issue:
is BTC still the king?

Any crypto is traded with BTC, so BTC is a critical leverage to exchange whatever crypto you want, however in the real market we should also look how ETH is performing, the latter seems particularly in shape even in this massive dump!

ETH is also weak as a protocol.  Solidity is built on sand.  Programming secure smart contracts is a nightmare - just ask Parity. ETH has a great idea but shitty implementation.  It doesn’t deserve its market cap at this time.

[hazukison]

Dat candle,the volume ..

Can you explain what this means?

[pacman7331]

US media in general blame USDT, lol, articles coming up one after another.

Bitcoin Bubble rhetoric will soon follow.

[nikauforest]

Look like I missed a lot of movement! I was away on vacation in Sydney , and did not look at the news.

[samsonn25]

Guys i think its over...

IT was a honor ;(

Don’t be silly.  It’s not over it’s barely begun.  We might go to 3k between here and there but that’s nothing.  We will be back bigger and meaner than ever.  If changing the world was easy, everyone would do it. 

I agree, too many gamblers

[GratisBitcoin]

Guys i think its over...

IT was a honor ;(

Don’t be silly.  It’s not over it’s barely begun.  We might go to 3k between here and there but that’s nothing.  We will be back bigger and meaner than ever.  If changing the world was easy, everyone would do it. 

Exactly.

[orpington]

“Following the ad ban by Facebook, China banned advertising cryptocurrencies as well. Japan has forced local exchanges to warn about risks of cryptocurrency trading. While India announced the toughening of the regulation of the cryptocurrency market. Bitcoin can rebound, but on the upside investors will sell it in the short term,”

https://www.rt.com/business/417677-cryptocurrency-market-fall-india/

[Dakustaking76]

Guys i think its over...

IT was a honor ;(

Don’t be silly.  It’s not over it’s barely begun.  We might go to 3k between here and there but that’s nothing.  We will be back bigger and meaner than ever.  If changing the world was easy, everyone would do it. 

Exactly.

Im still holding my btc But the decline is to scary to watch

[TERA2]

At this point if you have a tether account and a fiat account, its a no brainer to buy in just the tether account.

[serveria.com]

Guys i think its over...

IT was a honor ;(

Don’t be silly.  It’s not over it’s barely begun.  We might go to 3k between here and there but that’s nothing.  We will be back bigger and meaner than ever.  If changing the world was easy, everyone would do it. 

Exactly.

Im still holding my btc But the decline is to scary to watch

If you'll sell now you'll lose. Don't get rekt. This is what they want you to do - sell low. Cheap coins cheap coins!

[fragout]

Guys i think its over...

IT was a honor ;(

Don’t be silly.  It’s not over it’s barely begun.  We might go to 3k between here and there but that’s nothing.  We will be back bigger and meaner than ever.  If changing the world was easy, everyone would do it. 

Exactly.

Im still holding my btc But the decline is to scary to watch

Yes it is but on the plus side, the sell order books are stretched very thin on all exchanges and the buy side is holding strong. No one seems ready to call the bottom though so a rebound is not on the cards yet although the volume is increasing on each attempt. All it will take is some brave whale to kick off a neck breaking bounce. What happens after that though is anyone's guess

[Last of the V8s]

Bulltrap?

It was.
And I dare say we're in another.
The bulltraps will continue until Tone Vays is worshipped as a demigod of TA.
Still, this is nothing; a scratch....