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

[somac.]

Give me a break, store of value, ha. Bitcoin is about getting the fuck out of a corrupt system that enriches the rich by taking from the poor. Bitcoin's value is an escape from that system and its injustice, end of story. If it happens to go up to an incredible $ amount, making it a store of value, so be it.

The system is fucked, throughout history it has always been fucked. Now, for the first time ever, the common people have an escape from that system. In 10 years time when current amount of bankers fiat has increased 5 million times, Bitcoin will be there. It will be priced high because not being in the system will be worth it.

Shit, your meant to be a legendary member. You should understand this.

Lol, bitcoin isn't an escape for the poor. The only escape for you would be to obtain a skill, that is special and needed enough, so people will pay you good money for your work. If you have done that, then you can educate yourself further on how to become an entrepreneur and how to use your knowledge to build a team, that can solve even more problems then you could solve alone.
This isn't easy, but you can't beat Darwin. The poor will stay poor mostly if they are only looking for easy shortcuts to riches. They don't want to learn anything or do anything, they just want to become rich. Some people do win the lottery etc. but the cold hard math tells you that the majority of the "lottery hoping folks" will remain poor till the end of their life.

For instance, if you would be educated, then you would see that Bitcoin isn't the savior of the poor. At first, bitcoin value is deflationary, meaning that owning money creates more wealth for you. If you had any basic sense of finance, then you would know that this actually helps the rich, not the poor. Currently it is easy to make money if you have money, but with bitcoin it is even easier. If the currency you are holding is inflationary, then you have to use your money  to start new projects and create new jobs, then your wealth also expands. If you do nothing but sit on your fat bank account, then your wealth will start to shrink. With bitcoin, the rich don't have to do anything but sit on their ass while watching their wealth to expand. And the poor, who don't have much to save up on their bank accounts and who work from salary to salary, won't get nearly as much benefit from this system.

An escape for the poor doesn't mean they need to be rich dickhead. It means that the rich can no longer screw them financially by rigging the system. The amount of money one has is irrelevant, what is relevant is having a home, food, safety, equal opportunity, and most importantly not being abused by those who are meant to govern in their interest. Of course there will always be people who richer than others, and who gives a shit if the early adopters make a tonne of cash by sitting on their ass. These people being rich doesn't change what Bitcoin is.

Rigging the system like with mtgox and tether? I can see why you probably get abused by other people.

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

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[El duderino_]

Are you guys watching Bitstamp live? The second 500BTC buy wall is almost eaten too.

This is really important.
Yesterday ({[they]}) bought 3 1k buy walls at 7800 - that i saw in just a short Wall Observe. But the dumps now are just little titties by comparison - 12, 15, 50 coins.
They think big gobs of coin are worth having at 6/7 k
They stand to make far more by encouraging it back up once they've shaken the trees and picked up the ripe fruit, than by going short.
So yes Tone Vays might be right we're in for another ~month of floggings.
After that, add a few zeroes.

Like to see a few zero’s behind This price :-)

[HairyMaclairy]

Fuck it. 

I have set buy orders from $6400 to zero. 

First one just got triggered.  Let’s all go down together !

Ah   ha!!!!!!!!!


Hairy berry:  you broke from your previously disclosed plan which was to go on some kind of hiatus and then to start buying somewhere in the vicinity of the supra $4,900 territory...

$6400 is a long fucking ways from $4,900... It sounds like you talking the BIG HAITUS talk, but then when push comes to shove, you are following some kind of copy cat quasi-JJG incrementalism.......

ah ha.... .ah  ha... ah ha...


Caught you with your pants down.      Apparently, BMB did  NOT get your pants, because they are down around your ankles and I can see places where the sun usually does not shine.   

Tera convinced me otherwise.  I try not to be arrogant in my thinking and to trade defensively at all times.  Maybe you had an influence too but I would not want to give you too big a head so let us pretend that this is not possible.

O.k..... I will pretend that the Hairy berry is following the counsel of Tera bera, and I will also act as if I did not see you with your pants down either.  We are all adults, here.    Perhaps.   

I’m not wearing any pants right now so I think it is ok.  

On your JJG incrementalism, at what level do you sell it back?

[zazzbg]

Are you guys watching Bitstamp live? The second 500BTC buy wall is almost eaten too.

This is really important.
Yesterday ({[they]}) bought 3 1k buy walls at 7800 - that i saw in just a short Wall Observe. But the dumps now are just little titties by comparison - 12, 15, 50 coins.
They think big gobs of coin are worth having at 6/7 k
They stand to make far more by encouraging it back up once they've shaken the trees and picked up the ripe fruit, than by going short.
So yes Tone Vays might be right we're in for another ~month of floggings.
After that, add a few zeroes.

Who is ({[they]}) 

[Jacques_Bittard]

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

If bitcoin code would be the only important thing, then there wouldn't be so much whining here about the DOLLAR value of bitcoin 

[Typex]

Rigging the system like with mtgox and tether? I can see why you probably get abused by other people.

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

It doesnt.  They were created by humanity and its greed.  There will never be a completely de-centralized payment system because of human nature.

[soullyG]

From the volume, it definitely looks like we'll be seeing a final bounce soon (hopefully), and it's gonna be epiiiiiiiiiic

[Last of the V8s]

Look at the volume. Look at it.

It looks pitiful.  But is that your point?

Beacuse it's eclipsing everything else in the chart?

I dunno.  Doesn't look like that much volume:

Compare like with like and stop lying.

He is trying to talk the price down so Jihan can pump BCH with his usd stash when the time comes.

[Last of the V8s]

Hmmmmmmm, NIST crypto document

https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf

I smell picnic bear.

I do indeed work in standards as my day gig. However, ones of a very different nature. Without the standards I work on, none of this shit would even start working.

I thought you were too crypto rich to have a day job.

The picnic bear works because he "like it..".

hahahahahhaha


 

He works for the enemy, the USG.

In his spare time he volunteers for their asset, Ver, and the corresponding chicom asset, Wu.

[Last of the V8s]

cex.io is down.

works for me..

Yuh I'm fine with that, too.

[somac.]

Can't work out if you're a retard or just stupid. Where in the code does it mention Mtgox or Tether? where in the white paper are these things mentioned?

If bitcoin code would be the only important thing, then there wouldn't be so much whining here about the DOLLAR value of bitcoin 

So you're stupid then. You see stupid people, like you, concentrate on the short-term for everything, all they can see is the current situation and judge everything and everyone on that. Smart people look into the future and can see long-term trends. Ask all these "whining" people where they think bitcoin will be in the future. Then come back in 10 years time and see what has happened.

[Last of the V8s]

Maybe good for the not millionaire investors that wants to get in BTC and find 4digit prices more reasonble for there long term investment 50k and could be owning 8-12 btc still very decent for the smaller hodler investors among us not
The ones Going in now put This kind off btc on a ledger and Just look back to iT in a few years....

Mike teaching the newbs to be patient there.  

[Jacques_Bittard]

It doesnt.  They were created by humanity and its greed.  There will never be a completely de-centralized payment system because of human nature.

There can be a completely de-centralized payment system in the future, when someone figures out on how to build an independent value stabilization mechanism. That crypto would become an actual currency, not a gimmick like bitcoin, that is dependent on fiat for valuation. Crypto can only beat central banks, if they do the same thing better then central banks. Meaning that they offer a currency with a predictable value and low service costs.

What can't be de-centralized, are people. There will always be people who are smarter then others and other people always centralize around them. This is not just human nature, but this is nature, that there are always strong that prevail and the weak that don't.  You can't force the world to be fair, because it just isn't. Some people are more capable then others and it is natural to reward them for that. Societies that have tried to to reward the weak and  suppress the strong (think communism) have only made a big mess.

[fragout]

Any thoughts on the impact the coming Crypto Senate meeting will play on the market?

Meeting is at 10 AM EST

https://www.express.co.uk/finance/city/914010/Bitcoin-price-why-BTC-falling-today-cryptocurrency-news-value-crash-latest-blockchain

Postponed to the 14th i believe but the text of what they will say is released. Noting new really except they think exchanges and ICOs  regulation should be handle at fed level rather than state level. Usual anti money laundering, KYC etc but noting scary

[Last of the V8s]

well

we got support at 2200 and at 800

i can't take this kind of a loss man. another couple hundred bucks and i'm honestly out cold turkey. i'm despair personified.

Does not compute. Wat?

[600watt]

Any thoughts on the impact the coming Crypto Senate meeting will play on the market?

Meeting is at 10 AM EST

https://www.express.co.uk/finance/city/914010/Bitcoin-price-why-BTC-falling-today-cryptocurrency-news-value-crash-latest-blockchain

Postponed to the 14th i believe but the text of what they will say is released. Noting new really except they think exchanges and ICOs  regulation should be handle at fed level rather than state level. Usual anti money laundering, KYC etc but noting scary

imho this is very bullish:

We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination. With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow our economy and increase prosperity. This hearing is an important part of finding that balance.

The Honorable J. Christopher Giancarlo
Chairman
U.S. Commodity Futures Trading Commission
Giancarlo Testimony 2-6-18b

https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39

[RayX12]

A message from a HODLER:

The buying opportunities for new comers are just amazing.
The sell off is CAUSED by the huge investment funds reducing the risk and locking-in profits.
But the RISK is not coming from crypto-currencies but rather from economical and political turmoil worldwide and specially in the USA.
There will be a turn around soon that will bring even more capital into the crypto markets after the dust settled.
BUY BUY BUY all of the crypto that you can afford.

[Last of the V8s]

fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ...

really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you.

Finally some carnage.  

blah blah blah

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

...what is your objection? Not to the person, that's just childish, but to what he says?

I believe the objection is how he deliberately misleads newcomers for his own profit.

In this particular case?

Why the fuck you defending PeterR? 

If someone has historically shown to engage in deceit, misrepresentation, trickery, then why should that person be greeted with open arms merely because he says some seemingly nice things about bitcoin.. and furthermore PeterR is engaging in argumentation with his dropping of bullshit Bcash talking points attempting to get concessions about bitcoin being prioritized and defined as "peer-to-peer electronic cash system".. talking point framing trickery and set up and don't trust any fucks who have already engaged in sabotage and endorsed bitcoin attacks while trying to act like such sabotage and attacking is not happening.

merit where it's due

[JayJuanGee]

Fuck it. 

I have set buy orders from $6400 to zero. 

First one just got triggered.  Let’s all go down together !

Ah   ha!!!!!!!!!


Hairy berry:  you broke from your previously disclosed plan which was to go on some kind of hiatus and then to start buying somewhere in the vicinity of the supra $4,900 territory...

$6400 is a long fucking ways from $4,900... It sounds like you talking the BIG HAITUS talk, but then when push comes to shove, you are following some kind of copy cat quasi-JJG incrementalism.......

ah ha.... .ah  ha... ah ha...


Caught you with your pants down.      Apparently, BMB did  NOT get your pants, because they are down around your ankles and I can see places where the sun usually does not shine.   

Tera convinced me otherwise.  I try not to be arrogant in my thinking and to trade defensively at all times.  Maybe you had an influence too but I would not want to give you too big a head so let us pretend that this is not possible.

O.k..... I will pretend that the Hairy berry is following the counsel of Tera bera, and I will also act as if I did not see you with your pants down either.  We are all adults, here.    Perhaps.   

I’m not wearing any pants right now so I think it is ok.  

On your JJG incrementalism, at what level do you sell it back?

In recent times, I have become accustomed to using similar incrementalism levels on both ends, which is currently set at about $1k. 

So I buy every $1k on the way down and I sell every $1k on the way up... so the spread between the next buy order and the next sell currently runs close to $2k.  Sometimes there can be ways to play around with the price trigger points in such a way that you want to try to make sure that they have decently high chances of filling while largely having the price come to you, rather than forcing the price or going to the price.

Yeah, I am also NOT trading nearly as frequently as I used to trade because on the way up in this $6k price territory, my old order increments used to trigger in $500 increments - but I am relatively content with much less frequent triggering of trading and orders not filling as often and even a kind of practice that causes me to increase the amounts that I am trading and therefore causing bigger and BIGGER profits from each time the series of orders fill from the almost guaranteed BTC price volatility (even if not guaranteed which price direction and not guaranteed that your buy/sell order will actually get filled - rather than nearly perpetually bouncing back and forth within a price range without filling on either end).

Hopefully that makes sense.

[Majormax]

Everyone is so bearish here that the bottom must be IN already.

No, people are still buying and HODLers are still holding. We need panic on high volume. The current bounce to $6xxx is pathetic. More to come.

Agree. Saying that all along.

A couple of days of $40BN+ volume, and a spike low.

Doesnt matter where the low is, but ~$2000 feels about right (leaves a gap to the 2013 high of $1200).

Price/time relationship is not yet right either. 6 months to 2 years is a more proportional bear market.