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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25882993 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
ccminer.net
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February 01, 2018, 11:00:25 PM

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

Not just you my friend!!!! Wink
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HanvanBitcoin
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February 01, 2018, 11:04:28 PM

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

Not just you my friend!!!! Wink

if i only had the balls to sell my house and go all in Shocked
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February 01, 2018, 11:05:46 PM
Merited by JayJuanGee (1)

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.

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February 01, 2018, 11:06:49 PM

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.
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February 01, 2018, 11:14:18 PM

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





Is that called an emerging stegosaurus chart formation?
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February 01, 2018, 11:21:15 PM

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.    Tongue
Meuh6879
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February 01, 2018, 11:22:44 PM

Target is already on view, now.



Source : https://www.zerohedge.com/news/2018-02-01/gold-jumps-bonds-stocks-dollar-bitcoin-all-slump
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February 01, 2018, 11:23:22 PM
Merited by Enjel (1)


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.
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February 01, 2018, 11:25:14 PM

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.
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February 01, 2018, 11:30:29 PM

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.
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February 01, 2018, 11:38:36 PM

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
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February 01, 2018, 11:38:39 PM


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.

You got plenty of merit already, and if you were to recover your old account, then you likely could achieve even more merit.

Regarding your predictions, tone, substance, humour, etc... Sure many of us engage in various kinds of exaggerations to make our points or even to figure out reactive effects.

Regarding the receipt of merit for either substance humor or whatever, sometimes there can be purpose and sometimes there can be some randomness as well.  Don't you think?  In recent times, this thread generates between 5 to 30 pages in a day.  Sometimes posts get missed or people do not feel like giving merits, or they run out of smerits or a variety of reason.

Oh, based on your response, I am not sure whether to conclude that you sold 50% at $18,800 ... hm?  When it gets to this level of representation, I, personally, try to keep any of my exaggerations within reason... because surely there can be a lot of variation in what to do regarding how you play the various ups and downs, it is not frequent that anyone is going to maximize on trades, unless just getting lucky.
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February 01, 2018, 11:40:04 PM

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.

Why do you presume they are selling on their own exchange? They are in position to move fiat between the exchanges, which their customers can not do as easily as them. If you were in their place, wouldn't you do exactly what they are doing to cover the obvious?
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February 01, 2018, 11:41:21 PM



I keep hearing of big banks ordering smaller banks to close accounts of exchanges or people that transfer money to exchanges.  Huh  Huh
How are people gonna buy more coins if banks don't cooperate?? Altcoins? Or they will accept fiat themselves or wtf?? Smiley
Yes  on coinbase today I noticed deposits from  nationwide bank(uk) no longer supported

Yup, TransferWise also now refuse to make deposits to, or accept withdrawals from, crypto exchanges.  It's becoming increasingly difficult to get fiat into or out of crypto.


This will only lead to direct use of retailer acceptance and bypassing the banking system and accepting crypto as the standard currency. Ultimately giving even more value to the cryptosphere. Smiley


I think the banks are performing suicide!!!  Cheesy  Cheesy ... I think the japanese ordered them to entertain them with some more  of them hara-kiri's. Cheesy Cheesy

https://www.youtube.com/watch?v=N6RB62gHO6U
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February 01, 2018, 11:44:56 PM

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.

Why do you presume they are selling on their own exchange? They are in position to move fiat between the exchanges, which their customers can not do as easily as them. If you were in their place, wouldn't you do exactly what they are doing to cover the obvious?


I'm sure I could not see your tinfoil hat before.....but I can now.
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February 01, 2018, 11:45:59 PM

I'm not at all sure it's over yet.

It seems like with bitcoin we will know it's over when it turns so fast it snaps your head back and we get a +5K hourly candle.
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February 01, 2018, 11:46:52 PM

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

I'm honestly not sure what I'm assessing, other than counting my blessings, and you fine folks for motivating me to take profits when I did.

I suck at prognosticating, but I'll echo the "Who SODL the bottom ?" sentiment with the way things are shaping up this afternoon.


Fair enough.  I rarely attempt to call anything with any kind of precision, either, even though I spout out some ideas from time to time.

In my previous comment, I was kind of hinging my labelling you as a "party poop" based on your assertion that the next month or two could be rough, or however it was that you had phrased it, which implied to me that you were putting a decent amount of weight on the possibility of further downward BTC price movements - even below where we had dipped today $8,400-ish). 

Who knows?  Who knows?

I do think that we are in a stage of BTC price dynamics analysis that is "critical" regarding whether we are going to experience further down that looks like early 2013 or a kind of longer term down that looks like 2014.  I am thinking, if anything, the early 2013 scenario seems to be the more closely analogous to our current market situation - under the idea that history might not repeat itself, but frequently it rhymes.
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February 01, 2018, 11:52:14 PM

I'm not at all sure it's over yet.

It seems like with bitcoin we will know it's over when it turns so fast it snaps your head back and we get a +5K hourly candle.


My thoughts also..where is the whiplash...I dont feel like I have been flogged nearly enough.


I am also curious when the flippening is going to happen. When will ETH over take BCH....I think its close.
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February 01, 2018, 11:55:43 PM

Wasnt it just a couple months ago that eth fell all the way to some 0.02btc and now were already talking about the flippening again?
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February 01, 2018, 11:56:53 PM

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





I remember a time when dinosaurs roamed the WO freely.  Now they are such a rare sight.


I came close to skipping pages today.  This can't keep up.  Or I can't.
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