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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496676 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. (158 posts by 14 users with 9 merit deleted.)
Elwar
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February 20, 2018, 05:43:16 PM

So...finex is down and stamp is up.

Is this due to a jump in shorts?
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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BTCMILLIONAIRE
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February 20, 2018, 05:52:47 PM

So...finex is down and stamp is up.

Is this due to a jump in shorts?
Maybe they ran out of Tether? Roll Eyes
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February 20, 2018, 05:56:37 PM

The average guy from the street has no idea what Bitcoin is, period. Again, I fail to see the point. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

And yet the WHOLE point, nay the very existence of BCash, was to supposedly to appeal to "the average guy on the street." Like the 2B+ unbanked in the world today with no education. Remember?

Can you possibly be any more fkn hypocritical, or have any more ridiculous fallacies going on, wrt BCash?

Are you trying to tell me the situation is any different in regards to Bitcoin Segwit? That its whole point is supposedly to appeal to "the average guy on the street"? Indeed the potential lower fees should indeed be one factor to cause Bitcoin Cash to appeal to the average guy on the street over Bitcoin Segwit _once_he_become_aware_of_its_existence_. I see no hypocrisy here. I do see cognitive dissonance in your retort, however.
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February 20, 2018, 06:01:14 PM

I'm going to die laughing.  The best description of bitcoin ever created.  Paul Singer is a Jew though, so he should be promptly deported to the Congo for his evil cult's crime's against humanity after typing that where he can enjoy massive amounts of diversity which he recommends unto other races.

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“This [cryptocurrency] is not just a bubble. It is not just a fraud. It is perhaps the outer limit, the ultimate expression, of the ability of humans to seize upon ether and hope to ride it to the stars...

But is it not glorious that when the equivalent of nothing attracts priests and parishioners who run up the price, the very willingness of the mob to buy it at higher and higher prices is seen as validation of the thing, rather than an indication of the limitless ignorance of swaths of the human race?”

https://www.zerohedge.com/news/2018-02-20/elliotts-singer-bitcoin-boom-indicates-limitless-ignorance-humans
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February 20, 2018, 06:04:43 PM
Last edit: February 20, 2018, 06:15:53 PM by jbreher

Question for some of you living in the U.S. who have cashed out recently....what exchange do you recommend?

GDAX/Coinbase has been good for me. Very quick, no-hassle withdrawals of what some would consider eye-popping numbers. In the form of transfer to linked US bank accounts.
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February 20, 2018, 06:08:03 PM

Not so quickly, honey badger, not too quick. Take a short nap, will you?
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February 20, 2018, 06:08:38 PM

The average guy from the street has no idea what Bitcoin is, period. Again, I fail to see the point. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

And yet the WHOLE point, nay the very existence of BCash, was to supposedly to appeal to "the average guy on the street." Like the 2B+ unbanked in the world today with no education. Remember?

Can you possibly be any more fkn hypocritical, or have any more ridiculous fallacies going on, wrt BCash?

Are you trying to tell me the situation is any different in regards to Bitcoin Segwit? That its whole point is supposedly to appeal to "the average guy on the street"? Indeed the potential lower fees should indeed be one factor to cause Bitcoin Cash to appeal to the average guy on the street over Bitcoin Segwit _once_he_become_aware_of_its_existence_. I see no hypocrisy here. I do see cognitive dissonance in your retort, however.
Your insistence on calling bitcoin something else is just one more mark against you.
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February 20, 2018, 06:16:41 PM

Yet another deadly day for Alts while bitcoin continues its rise. Man, I never though bitcoin will still be this dominant on alts even in 2018. SegWit is definitely getting bitcoin more confident buyers now.
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February 20, 2018, 06:17:29 PM

Extrapolating the bitcoin chart from the past years hasn't worked very well since 2013. You cant assume there is going to be a breakout every 2 months or 9 months or whatever.

WTF...where you been? I am detecting a slide back towards bearism...get a grip!


Question for some of you living in the U.S. who have cashed out recently....what exchange do you recommend?

GDAX/Coinbase has been good for me. Very quick, no-hassle withdrawals of what some would consider eye-popping numbers.

It makes me uncomfortable when you agree with me...just sayin.

Not so quickly, honey badger, not too quick. Take a short nap, will you?

I dont think he/she is listening to anyone this week.
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February 20, 2018, 06:23:50 PM

lol Huh

~ 750 BTC buywall at 11,7k at bitstamp ...
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February 20, 2018, 06:31:43 PM

The annoying part about Jbreher is he knows Lightning Network is useless for mainstream adoption and would just morph into a centralized hub and spoke model replica of the current banking system, while on-chain scaling is also useless.  Instead of just admitting the whole thing is a designed to centralize, unworkable scam, he just chooses unworkable option B instead of A.

Bitcoin is a currency, not money (settlement system), thus it's value has to be derived from ability to faciliate mass commerce (transaction flow, not stock).  The value of metals can be huge even with low transaction flow because it's the best settlement system around (money) and can derive value solely from stock if it wants to (but can also simultaneously be used as currency as well).  Bitcoin cannot do this.  Hell, if it's transaction flow goes low, the thing is even designed to die.

Bitcoin was designed in a poor manner where it's obviously just a currency (hence why it's called cryptocurrency), but it's low scalability prevents it from performing that task whatsoever.  So people started to make believe it has to have some type of purpose and can't be completely useless, so that purpose has to be a settlement system because it's unable to do anything else.  The problem there is it has built-in middlemen and doesn't remove counterparty risk, while having more black swans that can destroy it than you can count, so it's completely useless and inferior to the billions of years old settlement system (money) that already exists - gold and silver.

It's 100% impossible for bitcoin to compete with metals as a settlement system (aka base of Exter's Pyramid).  Just give up because it has no fundamentals to do so.
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February 20, 2018, 06:34:25 PM
Last edit: February 20, 2018, 06:44:58 PM by Gab0




https://twitter.com/coinbase/status/966002538326638592

_________________________________


Edit: and there is more ...



https://medium.com/bitfinex/bitfinex-adopts-segwit-8e6c5d72fcf9
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February 20, 2018, 06:36:24 PM


Great!

I hope this is mandatory.

Should help to keep the mempool clear.
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February 20, 2018, 06:40:55 PM
Merited by Wekkel (1), infofront (1), vroom (1)

Update from this post :


So far so good, nothing really unexpected. We definitely broke the last resistance.
The good news is the trend seems to get stronger and stronger. In fact, there is, as shown on the figure, the beginning of a volume spike. This straighten the uptrend and will help the price to rise again if it bounces off the next resistance. That makes the "worst" short term future scenario bullish. The best case scenario is btc price stagnating a few days in the next resistance, enough to gain momentum and break it.



Profits are in the buying side, of maybe a bit of selling if you expect some bouncy swings.

We are just digging through the resistance like it was butter. We will stay in the bullish channel until the next big PHAT resistance.
It's gonna be pretty nasty, this resistance took some pretty huge swing during and after the bullrun. It won't be the end if we bounce, but if we go through, I predict that we'll enter a full bull market for the next following monthes.




EDIT : 1 day candle reverse head and shoulder pattern emergence :

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February 20, 2018, 06:44:37 PM

We are just digging through the resistance like it was butter. We will stay in the bullish channel until the next big PHAT resistance.

Wait a minute.  The "MasterLuc" so called bull channel was completely obliterated when it broke through $7500 and plumetted to $6000, and now you just pretend it didn't happen and that Bitcoin is always in a "bull channel" no matter how badly the TA breaks down? LOL.  You got to love bitcoin pump and dump scammers.  Everything is bullish! Even non-bullish things!  The price can only go upwards and never down! It's impossible to lose money while buying valueless imaginary tokens!
Karartma1
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February 20, 2018, 06:51:33 PM

Bitcoin Core 0.16 will make it easier even for unsavvy users to adopt SegWit for good. The brave and steady development of the LN is helping sustaining these price levels if you ask me.
Price will reflect this in the long run.
It seems so distant the struggle to reach 5digits!
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February 20, 2018, 06:53:08 PM

and now you just pretend it didn't happen and that Bitcoin is always in a "bull channel" no matter how badly the TA breaks down?

You do know that I only interpret what I see, right ?

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Everything is bullish! Even non-bullish things!

Look at the previous posts I made. Almost everytime I mentionned how the price could bounce and go down. Just gave my opinion about why it could go up. And surprise, it's going up !
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February 20, 2018, 07:02:06 PM
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Wait a minute.  The "MasterLuc" so called bull channel was completely obliterated when it broke through $7500 and plumetted to $6000, and now you just pretend it didn't happen and that Bitcoin is always in a "bull channel" no matter how badly the TA breaks down? LOL.  You got to love bitcoin pump and dump scammers.  Everything is bullish! Even non-bullish things!  The price can only go upwards and never down! It's impossible to lose money while buying valueless imaginary tokens!
I have got to quote this for the record...

Not one mention of PM's...

Time to buy more Bitcoin.
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February 20, 2018, 07:13:50 PM

Wait a minute.  The "MasterLuc" so called bull channel was completely obliterated when it broke through $7500 and plumetted to $6000, and now you just pretend it didn't happen and that Bitcoin is always in a "bull channel" no matter how badly the TA breaks down? LOL.  You got to love bitcoin pump and dump scammers.  Everything is bullish! Even non-bullish things!  The price can only go upwards and never down! It's impossible to lose money while buying valueless imaginary tokens!
I have got to quote this for the record...

Not one mention of PM's...

Time to buy more Bitcoin.

Did I mention the other no win scenario currently developing in craptocurrency?  You currently have the BIS Jews talking about banning bitcoin, so there's only two possibilities:

1)  A reverse psychology play where they pretend to be against bitcoin but want idiots to buy it to get people into a cashless society control grid instead of people buying metals

or

2)  They really are against bitcoin and the only thing they have to do to send the value to zero is cut off convertability to fiat at....two exchanges....Coinbase and Bitstamp

Either scenario means buying bitcoin over metals is stupid.  Yes, they can always attempt to 'ban' metals again, but it's not actually possible to do so.  The metals don't cease to exist because a Jew says so and are still traded because they're actually used in industries and such.  Turning off convertibility of bitcoin to fiat does make it might as well not exist, though.
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February 20, 2018, 07:27:17 PM
Last edit: February 20, 2018, 07:41:52 PM by ssmc2

Big azz wall on Stamp

Edit: is it gonna get pulled or eaten?  Wink
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