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

[bitcoinPsycho]

fool

[Elwar]

I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

#1 on cmc you say? I'm in. When is the ICO?

[readysalted89]

I think that's a good fair point I hadn't considered before really.  Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value.  I don't think it necessarily applies to the larger cap coins though.  If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.

The whole thing is just stupid. I could create a shitcoin today with a trillion coins (which I pre-mine 99.99% of them), wash trade one coin on an exchange for $1, and voilà my shitcoin has a $1T market cap and be #1 on the cmc listing.

#1 on cmc you say? I'm in. When is the ICO?

I don't think ripple had an ICO.

[JayJuanGee]

fool

Seems to be a kind of wishful thinking that comes from corporate shill bear trolls... They imagine an endless supply of coins that banks might be able to dump, and sure good luck with that. 

Let's take the hypothetical that bearwhales might have 30k BTC that they could dump.  Somehow the bearwhales would have to be able to acquire those 30k coins without significantly moving the price upwards.  I have long had a theory that bearwhales engage in a circular kind of rotation of coins.  They purchase coins off exchanges and then they dump them on exchanges and that way they are continuing to put downwards pressures on the price; however, they can only acquire so many coins over the counter even if they want to continue to operate at a loss in order to attempt to push BTC prices down.

[explorer]

"ECB board member Yves Mersch said on Thursday that “cryptocurrencies” are “not money, nor will they be for the foreseeable future.”"

So we either have a pathological liar or a donkey who doesn't understand what money is in the board of the ECB.
[/quote]
Or just lacks vision.

[Last of the V8s]

@blockchainchick

[DonQuijote]

It will pop back down to 40k, after it pops at around 150k. No source. Just gut feel. No guts no glory!

I like your style, tell me more dude

[mindrust]

Spot on.

I hate these retards more than bcash shills.

[bones261]

Seems to be a kind of wishful thinking that comes from corporate shill bear trolls... They imagine an endless supply of coins that banks might be able to dump, and sure good luck with that. 

Let's take the hypothetical that bearwhales might have 30k BTC that they could dump.  Somehow the bearwhales would have to be able to acquire those 30k coins without significantly moving the price upwards.  I have long had a theory that bearwhales engage in a circular kind of rotation of coins.  They purchase coins off exchanges and then they dump them on exchanges and that way they are continuing to put downwards pressures on the price; however, they can only acquire so many coins over the counter even if they want to continue to operate at a loss in order to attempt to push BTC prices down.

But they do not need 30,000 coins in order to dump 30000 coins. They can have only a fraction of that amount of coin or just a whole lot of fiat, and use margin trading. If their big dump causes a downward reaction, they can make a huge profit if they close their position at the right time. Then they have even more assets to pull off an even bigger short, next time around.

[fabiorem]

7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.

[fragout]

Um . Is this latest bounce just part of this downward channel??. Thoughts?

[becoin]

If their big dump causes a downward reaction, they can make a huge profit if they close their position at the right time.

Their big dump is most welcome. They will help many people buy their first bitcoin at more affordable price.

[HairyMaclairy]

7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.

Mem pool seems to have bottomed at 5 Feb.

[Gyrsur]

7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.

wow nice! I'll try a tx without fees.  

https://blockchain.info/unconfirmed-transactions

good old days!

[mymenace]

Um . Is this latest bounce just part of this downward channel??. Thoughts?

look at the big green volume candle below - then see it in the 3 day chart

an indicator to buy?

6000 also where jpmorgan clients got in last time - coincidence

[JayJuanGee]

Seems to be a kind of wishful thinking that comes from corporate shill bear trolls... They imagine an endless supply of coins that banks might be able to dump, and sure good luck with that. 

Let's take the hypothetical that bearwhales might have 30k BTC that they could dump.  Somehow the bearwhales would have to be able to acquire those 30k coins without significantly moving the price upwards.  I have long had a theory that bearwhales engage in a circular kind of rotation of coins.  They purchase coins off exchanges and then they dump them on exchanges and that way they are continuing to put downwards pressures on the price; however, they can only acquire so many coins over the counter even if they want to continue to operate at a loss in order to attempt to push BTC prices down.

But they do not need 30,000 coins in order to dump 30000 coins. They can have only a fraction of that amount of coin or just a whole lot of fiat, and use margin trading. If their big dump causes a downward reaction, they can make a huge profit if they close their position at the right time. Then they have even more assets to pull off an even bigger short, next time around.

I agree, and I don't consider my theory regarding what they are doing to be comprehensive because I am sure that they have a lot of tools in their quiver (mixed metaphores), and some times they may NOT be strictly motivated by profits in bitcoin, if they perceive that downwardly manipulating bitcoin can profit them in other ways (or other assets).  Furthermore, even though we might ascribe a lot of resources being available to bearwhales, I discount claims that their power is unlimited because there is ONLY so much that they can do when the trend is against them, so yeah, the trend is your friend to attempt to exacerbate conditions while you can, but once the trend changes, sometimes they will lose control of such trend.. and I think that this happened a few times in recent bitcoin history including the early 2016 break above $500 and likely the August 2017 break out above $3k...

Certainly the bearwhale fucks did not want BTC prices to break above $500 in early 2016 or the price to break above $3k in August 2017.. but they lost control and/or ability to keep BTC prices down in those lower price ranges.

[JayJuanGee]

7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.

wow nice! I'll try a tx without fees.  

https://blockchain.info/unconfirmed-transactions

good old days!

Any implications that this clearing of the back up is due to organic reasons (rather than spam attacks) is likely unwarranted.

In the past weeks, I have done several BTC transactions using fees of less than $.20, more specifically $.09 and $.12 - and all of my transactions were confirmed in less than 30 minutes and they were done from blockchain.info.. that is still using legacy addresses... I am thinking that free transactions would also go through in a fairly timely manner, but probably running a bit more of a gambling risk if there are some desires to NOT process spam (as zero fees might be considered as spam by some of the miners). 

Anyhow, I am thinking about transferring some funds from legacy BTC addresses to seg wit addresses, just to have more of my BTC in the newer designed segwit addresses.  Seems to me that transferring to segwit addresses could be a bit of insurance for future situations and might pay for itself in terms of future savings on fees and transaction times in the event of future spam attacks or other reasons in which on-chain fees might go up.

[Last of the V8s]

@_Kevin_Pham
3h3 hours ago

The Crypto Times - 2/11/18:

"Vitalik on brink of second bailout for incompetent Ethereum devs with political clout."

ref https://www.coindesk.com/ethereum-devs-call-public-debate-fund-recovery/

[Elwar]

@_Kevin_Pham
3h3 hours ago

The Crypto Times - 2/11/18:

"Vitalik on brink of second bailout for incompetent Ethereum devs with political clout."

ref https://www.coindesk.com/ethereum-devs-call-public-debate-fund-recovery/

Just started playing around with RootStock. I'm liking what I see so far.

[hv_]

7500 unconfirmed transactions... who could think we would be there now, it was 200k two months ago.

wow nice! I'll try a tx without fees.  

https://blockchain.info/unconfirmed-transactions

good old days!

Sure?


When BTC had 95% of both market cap AND txs flow?