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

[Spaceman_Spiff_Original]

...BTC is not meant to become the definitive payment method...

That's not true. BTC is not complete if we can't use it as a payment method.

BTC had problems because exchanges were spamming the network by not batching their transactions and many of them are only recently upgraded to segwit.

If you can't pass your bitcoin to the next person to get something in return, its no better than tulips.

To achieve these problems and stay as decentralized as possible, bitcoin/lightning devs created the Lightning Network but its still not fully adopted yet. (because its in beta) So we can expect even more growth in the future.

I agree bitcoin was suddenly being described as a store of wealth when it failed as a payment system due to long confirmation times and excessive fees.

Disagree, there were both people interested as a store of value and people interested in it as a payment system from the start.

[supremnoob]

sorry just to try and maybe understand why it doesn't show

Allready getting comment..... shouldn’t you better tattoo the great reaper in front of the Rollercoaster  
I knew i had This kinds of comments coming ..... but i found iT a good one better than stretch your arm up HAHA....
The idiote surrounding me  

Even if bitcoin went to 0 it wouldn't matter. That tattoo is a memory of a cool moment.

I think I myself will always feel a little bit of affection for the little guy.

Great reply. Thank you

[_javier_]

this looks like March 16 recovery... 

[wayna]

...BTC is not meant to become the definitive payment method...

That's not true. BTC is not complete if we can't use it as a payment method.

BTC had problems because exchanges were spamming the network by not batching their transactions and many of them are only recently upgraded to segwit.

If you can't pass your bitcoin to the next person to get something in return, its no better than tulips.

To achieve these problems and stay as decentralized as possible, bitcoin/lightning devs created the Lightning Network but its still not fully adopted yet. (because its in beta) So we can expect even more growth in the future.

I said "at least for now". The time will tell us whether it will be a reliable payment method or not.

At the moment BTC is treated as a store of value or speculative asset, if you want to move a lot of money among cryptos and speculate, you have to trade them and the opposite is true as well.

[Denker]

wow 1.234k buy order on bitfinex at 7100

woops... guess it was fake.

Could be real but often are fake and moslty are used for certain strategies.
This is typical Level 2 gaming, spoofing and pushing others into a trap. Big margin traders do this a lot.
Watch orderbook on Bitfinex for a whole day on you will recognize this.

[JayJuanGee]

Seems like we have a bitcoin dilemma going on, no?

[d_eddie]

I'm with Hairy on this one. Volume is too wimpy yet. Saturday night might be ugly, uglier than many of us think.

A few posters have been busy setting up a doom scenario for this weekend. I think it's a ruse

Doomed is who doomed does.
Ugly or very ugly does not necessarily mean doom.

Maybe you missed the implication.

I sure did. What were you meaning?

To be clear. Based on nothing, admittedly, you think Saturday _might_ be ugly. Not only ugly, but _uglier than we think_. I'd ask you to explain, but you prefaced it with the fact you pulled it out of your ass.
I'm not trying to put too fine a point on this. I'm supposed to be retired.

Ah I see what you mean now. Are you the Mayor's house elf by any chance?

Yes I'm based on nothing objective. My TA is built on shakier ground than most other analysts', which is quite a feat. But the volume is too low to make any movement meaningful. My manipulation antennae twitch. Besides, I'm not the only one thinking we must revisit the recent low area before we can break out again. It might take years, though I don't think so. And I don't believe in the $3k-4k again story.

However, high 6k's is not low enough IMO. That's what I mean by "uglier than many of us think". The suffering isn't done with yet. And this Saturday is as good as any other for a little suffering. Probably even better than usual, since next Monday is a holiday in several parts of the world and the prolonged fiat thinness helps would-be manipulators.

[RayX12]

Sorry if this has been posted before but it was updated recently. Torque this is mostly for you and roach too.
https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a+
Why do they do this?

It’s all about money control. Financial elite has recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.

What do they do to stop the RISE of Bitcoin? They first let it rise to unimaginable height (20K first stop). Then they drop it to unimaginable lows. They will do this many times. They have trillions of dollar to maintain the show going, UNTIL the RETAIL investor gives up in frustration. What you are seeing since Mid-2017 is just the 1st inning of 9 innings Bitcoin game.

Bitcoin has been placed into Geopolitical chessboard since Mid-2017. Most of the Bitcoiners have NO IDEA how big this game is. Crypto space is just a pawn on this chessboard and there are elite-fingers moving these pawns (Gold, Silver and now Bitcoin).

Our only hope is to BTFD



.. and hodl craefuly

The manipulation is comming to a temporary stop.



GO BITCOIN GO

HODLCRAEFULLY!!!!!    

sTOP sELLING BTC tO bANKS

[cAPSLOCK]

Sometimes i’m very curious who in This threat or the actually really LONGterm hodlers ..., the once with 75-85-90% btc stash off crypto but to hodl and not to trade with , the REAL locker up coins :-) i have a few ledgers with i think 5mm dust on iT   of Just not touching them , i even allways buy a DIP to keep the amount of BTC apart for When i need too pay a winner  in the list game , never to touch my actual locker up coins  

[AR_fan]

apollo says we go to 8000 8100 then break 6K for a bottom around 4500-4700

[cAPSLOCK]

apollo says we go to 8000 8100 then break 6K for a bottom around 4500-4700

[fabiorem]

apollo says we go to 8000 8100 then break 6K for a bottom around 4500-4700

What about ten bitcoins for the price of one?

[El duderino_]

sorry just to try and maybe understand why it doesn't show

Allready getting comment..... shouldn’t you better tattoo the great reaper in front of the Rollercoaster  
I knew i had This kinds of comments coming ..... but i found iT a good one better than stretch your arm up HAHA....
The idiote surrounding me  

Even if bitcoin went to 0 it wouldn't matter. That tattoo is a memory of a cool moment.

I think I myself will always feel a little bit of affection for the little guy.

understandble , same case for me ...... i wouldn't like this offcourse , but the time i have spend on the little "big" guy is tattoo worthy only thinking to expand it maybe with few cartoon bull-bear-whale images and A KILLER line but i dont find the best word , sentence yet too inc it on my arm .....

[fabiorem]

understandble , same case for me ...... i wouldn't like this offcourse , but the time i have spend on the little "big" guy is tattoo worthy only thinking to expand it maybe with few cartoon bull-bear-whale images and A KILLER line but i dont find the best word , sentence yet too inc it on my arm .....

Its a funny tatoo.

You could put that one where the spartans kill a bearwhale too.

[cAPSLOCK]

Sorry if this has been posted before but it was updated recently. Torque this is mostly for you and roach too.
https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a+
Why do they do this?

It’s all about money control. Financial elite has recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.

What do they do to stop the RISE of Bitcoin? They first let it rise to unimaginable height (20K first stop). Then they drop it to unimaginable lows. They will do this many times. They have trillions of dollar to maintain the show going, UNTIL the RETAIL investor gives up in frustration. What you are seeing since Mid-2017 is just the 1st inning of 9 innings Bitcoin game.

Bitcoin has been placed into Geopolitical chessboard since Mid-2017. Most of the Bitcoiners have NO IDEA how big this game is. Crypto space is just a pawn on this chessboard and there are elite-fingers moving these pawns (Gold, Silver and now Bitcoin).

Here's the thing. Bitcoin has already checkmated anyone who is trying to play this game. Even if gold and silver are as manipulated as this article suggests there is a significant difference between those precious metals and Bitcoin. The only way for precious metals to have a utility like bitcoin's is when paper currencies based on non fractional reserves of those metals are distributed. The world gave up on this, and up until now that hand has played very well for central banks but Bitcoin is going to destroy that game. Bitcoin's utility is already too great for manipulators to be able to corner it like they have the precious metals assumedly. In the end if they throw all their massive amounts of money at BTC to try to manipulate it what do you think that means will actually happen?

[markj113]

Sorry if this has been posted before but it was updated recently. Torque this is mostly for you and roach too.
https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a+
Why do they do this?

It’s all about money control. Financial elite has recognized that Bitcoin and Crypto in general is a threat to their existence. What do powers do when they see anything as a threat or enemy? You got it, they try to destroy the enemy (by all means). Therefore, It is extremely important for the Financial-elite to stop bitcoin’s rise so their show can continue.

What do they do to stop the RISE of Bitcoin? They first let it rise to unimaginable height (20K first stop). Then they drop it to unimaginable lows. They will do this many times. They have trillions of dollar to maintain the show going, UNTIL the RETAIL investor gives up in frustration. What you are seeing since Mid-2017 is just the 1st inning of 9 innings Bitcoin game.

Bitcoin has been placed into Geopolitical chessboard since Mid-2017. Most of the Bitcoiners have NO IDEA how big this game is. Crypto space is just a pawn on this chessboard and there are elite-fingers moving these pawns (Gold, Silver and now Bitcoin).

Here's the thing. Bitcoin has already checkmated anyone who is trying to play this game. Even if gold and silver are as manipulated as this article suggests there is a significant difference between those precious metals and Bitcoin. The only way for precious metals to have a utility like bitcoin's is when paper currencies based on non fractional reserves of those metals are distributed. The world gave up on this, and up until now that hand has played very well for central banks but Bitcoin is going to destroy that game. Bitcoin's utility is already too great for manipulators to be able to corner it like they have the precious metals assumedly. In the end if they throw all their massive amounts of money at BTC to try to manipulate it what do you think that means will actually happen?

There is strong talk that a gold backed Yuan and a silver backed ruble are imminent.

Everything is manipulated inc. bitcoin (by whales and exchange bots currently) and its naive to think otherwise.  When bankers run the world behind the scenes controlling the laws and the money printing presses they can own and control anything they wish too.

Always makes me laugh when people here claim they can manipulate the gold markets but not bitcoin for some reason even though gold's market cap dwarfs bitcoin.

[fabiorem]

When bankers run the world behind the scenes controlling the laws and the money printing presses they can own and control anything they wish too.

True. Central banks can print money to buy bitcoin and no fuck will be given to the inflation. They dont care.

However, they cant do the same to bitcoin.

[tidus1097]

WHERE THE FUCK IS LOADED (https://bitcointalk.org/index.php?action=profile;u=73652) ??

He seems to be holding his stashes here: bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9
But we FUCKING need him to buy 40,000 BTC now.

A friend in need is a friend indeed! He was actively helping the community until after 2017 he went lowkey...

[serveria.com]

WHERE THE FUCK IS LOADED (https://bitcointalk.org/index.php?action=profile;u=73652) ??

He seems to be holding his stashes here: bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9
But we FUCKING need him to buy 40,000 BTC now.

A friend in need is a friend indeed! He was actively helping the community until after 2017 he went lowkey...

Awww gaawwd this guy was a freaking billionaire back in December 2017! 

[d_eddie]

I wish there were fewer cash settled derivatives and more coin settled ones.