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

[HairyMaclairy]

Why do so many here fail to see the significance of this chart?
 

It’s no coincidence but there was no conspiracy if that is what you are implying. The public all knew about futures and thought Wall Street investment would long Bitcoin while they built up their positions.   The hype was insane.  

It’s a classic buy the runout sell the news.

[podyx]

Any reason for the dump?

[fragout]

Revised date. 02/08/2018

2nd Aug 2018

[HairyMaclairy]

Dump because hit the bottom of the downtrend line (log scale).

[Colonel Panic]

The argument for taint and title is strong
http://www.cl.cam.ac.uk/~rja14/Papers/making-bitcoin-legal.pdf

The authors don't detail much experimental evidence about their new taint model (basically FIFO accounting for taint), but they do offer a couple of numbers which, if supported by more testing, would be quite impressive. At any rate, there's ample food for thought.

If the legislative landscape they hint at really comes into being, I don't know where I'd stand on the line between "hard" and "soft" approaches. Bitcoin enthusiasts? Investors? Law enforcement? All of these positions would entail both "good" and "bad" practical consequences from my self-interested point of view.

Nice piece of work. Computer scientists discussing legal implications with a practical, technically sound background. A rarity.

Tasty find merited.

One of the problems with such a 'taint' system that it doesn't address, is what of coins falsely declared stolen? In the paper they seem to assume all such declarations to be honest, but in practice it just moves the arguments to the lawyer-enriching 'how to get these coins declared stolen or not' level.

[realr0ach]

Why do so many here fail to see the significance of this chart?
 

https://i62.servimg.com/u/f62/16/11/23/28/dump11.png

Why are you not intelligent enough to know the significance of what you posted?  The caption on your picture claims they took control of the market right when the CME opened their doors and then crashed it into the ground.  BZZZT WRONG ANSWER.  They did not magically gain control of the market when the CME that nobody even trades on opened.  They already controlled the market beforehand and were the ones who pumped it then dumped it in the first place.

They were on both sides of the trade.  While you were typing "bitcoin is the new internets of money!!111", they were typing "wow, these guys are fucking delusional idiots - the perfect targets to fleece".

Next you'll be telling me the gold and silver prices are not manipulated.
 

Everything is manipulated by the (((money changers))).  They have a partnership amongst their roundtable groups like the CFR filled with Hebrew usurers and corporate CEOs to permanently rig markets and make it so they cannot lose.  This is the real reason why the insanely rich keep getting more insanely rich recently, otherwise they would make a bad choice and eventually wipe themselves out.

This is why people like Hillary Clinton impossibly turn $1000 into $100,000 trading pork futures in one day.  However, the markets are predictable to the extent that these movements all require accumulation periods, so any market you look at at any given time is in one of three stages:  blowoff top, crashing, or sitting at the trough in accumulation mode.

[kurious]

Why do so many here fail to see the significance of this chart?
 

The chart of the historic downturn in prices is significant and 'many' here have indeed been through every day of it.

Many, however, will not agree with why the near-exponential rise of Bitcoin in 2017 ended and reversed.   Perhaps because correlation is not always evidence of causation.

[Rosewater Foundation]

[cofefeGandalf]

Dummass enterprise, that's the wrong direction!

[d_eddie]

The argument for taint and title is strong
http://www.cl.cam.ac.uk/~rja14/Papers/making-bitcoin-legal.pdf

The authors don't detail much experimental evidence about their new taint model (basically FIFO accounting for taint), but they do offer a couple of numbers which, if supported by more testing, would be quite impressive. At any rate, there's ample food for thought.

If the legislative landscape they hint at really comes into being, I don't know where I'd stand on the line between "hard" and "soft" approaches. Bitcoin enthusiasts? Investors? Law enforcement? All of these positions would entail both "good" and "bad" practical consequences from my self-interested point of view.

Nice piece of work. Computer scientists discussing legal implications with a practical, technically sound background. A rarity.

Tasty find merited.

One of the problems with such a 'taint' system that it doesn't address, is what of coins falsely declared stolen? In the paper they seem to assume all such declarations to be honest, but in practice it just moves the arguments to the lawyer-enriching 'how to get these coins declared stolen or not' level.

Hm, I hadn't thought of that.

Can you name a scenario where the game of falsely reporting a crime ("someone stole my coins!") has a positive probabilistic sum? Penalties can be harsh, and partners in crime won't be happy to see their newly tainted coins decrease in value.

[realr0ach]

[B1tUnl0ck3r]

I have found a way to get lambos (s, for more than one) but it's quite disgusting... do you wanna know more?

[RayX12]

Why Why Why ... so much manipulation?  

[Vlada69]

Why Why Why ... so much manipulation?  

Coz those same whales wants you to quit.

[B1tUnl0ck3r]

Why Why Why ... so much manipulation?  

you just have to fuck her...



her daddy is a son of a bitch but he has a lot of money and will make your lambos rich... but he has too a lot of enemies...

.

have a nice day.

[pacman7331]

OK I blame my loss on TradingView.com.

I was looking at the Daily RSI today and it showed it was ABOVE 40 at about 42.

NOW I look at it after the dump and it shows we NEVER went above 40 and bounced off it instead. So that means the RSI on Trading view is dishonest.

If I had pictures of the RSI earlier today I could prove that. But I know what I saw.
I was never going to go long if the RSI bounced off 40.. It was above 40.
I don't watch it all day, but once it's above 40 the only way to get back below it is to have it fall below.

WTF TRADINGVIEW.COM?!? 

[Torque]

Why Why Why ... so much manipulation? 

The price action can be so cruel and mean sometimes.

Whales are such meanies!  

[pacman7331]

It dropped because the goddamn RSI bounced off 40... but this morning it was above fucking 40. I even posted about it. Fucking tradingview RSI indicator on the daily was telling a lie.

[Lontonbit]

welcome soros to the community, a beautiful red candle as a grand opening appearance!

[pacman7331]

Rsi pushing above 40 resistance. Looks bullish.

Now if you look at the RSI it shows it bounced off 40... HOW THE FUCK? THEY REDREW THE LINE IN THE PAST??  

ONCE THE LINE IS ABOVE 40 YOU CAN'T THEN MAKE IT GO BELOW IN THE PAST!

The Indicator must be averaging and redrawing after the fact. Thats totally crap.

I sent a message to Tradingview.com about this.