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

[mymenace]

Izzy's been busy. A very mixed bag:
http://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/treasury-committee/digital-currencies/written/82032.html

and a lot more lies and misinfo here, especially about ripple:
https://parliamentlive.tv/event/index/df1a1232-f145-4748-a561-d2cddea27746

best part was the first question

How does the blockchain differ from traditional database?


Shared transparent authorised data across platforms and the globe (Exciting, Very exciting was the term)

Bitcoiners know this, Tech people know this, Banks know this


And thus adoption is born

But when do we get full adoption? Soon

[Neo_Coin]

 

https://www.youtube.com/watch?v=SkJ8Qh9UDJM

[Last of the V8s]

In particular you may not:

    alter the video or audio of the recording in any way;
    use this material for satire, advertising, entertainment content or productions or to suggest endorsement; or
    use this material on websites or social media platforms that promote, encourage or facilitate illegal activity, encourage hatred or anti-social behaviour.

Jesus these people are so up themselves.
Lucky then that they only interviewed a couple of scammers, a failed banker and a girl.
Bitcoin not affected.

[JayJuanGee]

Well, that's a grand way to wake up. tyvm bitebits, thoroughly undeserved. Caught up with merit-giving yay.
Now the race is on between me and TMAN to become the first (+500merits) legendary under the merit regime.
He deserves it, because he participates in the forum as a whole (or not lol), and he's been around 2 more years, but it's up to theymos' randomness thingy now.
There should be a helisub level for serious OG's, say 2012 or before, and lamboat for 13-14.

I thought that ship had already sailed, and Lutpin already made legend under the new system.... ?


There are also a lot of other ranks that had ranked up through the new system too.

On a related note, there do seem to be quite a few inconsistencies in the new system (adding in merit as one of the requirements to rank up), so in that regard, it remains interesting (and perhaps a gossip point) to watch how theymos might be tweaking they system more in the future.

To me, it does seem that a better system would include to vastly increase the number of merit sources (and maybe have a kind of algorithm that would cause a vastly higher number of merit sources - with human oversight too) in order that maybe thousands of members become merit sources rather than our current low number of merit sources (which is currently at 79), but what do I know? just quasi-random ideas on the topic that were triggered by you, V8...

[JayJuanGee]

Are ya'll buying this pump?

I don't see any volume.

MACD just crossed on the daily Stoch RSI going down, RSI also.

Frequently, pacman7331, you seem to be attempting to read too much bearishness into any kind of price movement information in order that you can spread nattering nabobs of negativity... in a kind of hope for downwardness, no?

If you really consider the matter based on facts, rather than fantasy, BTC trade volume is not dropping.  

Zoom out a bit, and perhaps use the weekly charts rather than minute by minute assessments.  

You cannot reasonably conclude that BTC trade volume is down based on a wish and looking at few days of volume fluctuation.  Seems to me that perhaps you don't even look that far out, but instead you are looking at some kind of minute by minute or hourly charts that leave you with such whimsical and hopeful downward conclusions.

[JayJuanGee]

Bit Conifer trading itself into somewhat of a corner @ $7500 around early June.

Break up or break down ?

Is toknormal's conclusions from this chart less valid since it is linear instead of logorithmic scale?

Toknormal's conclusions are less valid because he attempts to apply traditional analysis to a paradigm shifting asset that is on an s-curve, and he seems to want to downplay that factual matter, so he has been predicting down and bubble since about $300,  and every price increment  up from there.. surely, he has been correct once in a while, but that does not mean that he really applying the right tools to the job.

[JayJuanGee]

All 1,000 are probably following this thread, so maybe this could be fun to check your position; https://bitcoinrichlist.nl/

Wouldn't it be more meaningful to have some of those addresses labelled (to the extent feasible), when ownership or control of the address is likely known?

We certainly cannot conclude that those are the richest BTC addresses of individual owners, even though in some circumstances they are likely to be owned and/or controlled by individuals rather than by institutions.

[Toxic2040]

https://uk.reuters.com/article/us-milken-conference-highlights/highlights-cftcs-giancarlo-at-milken-calls-bitcoin-craze-generational-idUKKBN1I247G

CHRISTOPHER GIANCARLO, CHAIRMAN OF UNITED STATES COMMODITY FUTURES TRADING COMMISSION, ON BITCOIN:

“We need to take a moment and respect this generation’s interest in this new instrument (bitcoin). Not with derision, but with a little bit of attention and respect and respond with policy initiatives that really are thoughtful and forward looking.

“There is something going on here that is generational. Just as the baby boomer generation lost faith in the leaders that came before them and tried to seek a cultural change in those days through sex, drugs and rock and roll, I think there is a generation that also has lost faith in us that led them through the financial crisis and they see technology as a way of disintermediating institutions for which they don’t have a great deal of respect.

+1 WOsMerit Giancarlo

MICHAEL PIWOWAR, COMMISSIONER AT THE U.S. SECURITIES AND EXCHANGE COMMISSION, ON INITIAL COIN OFFERINGS:

“Is an ICO a security? And so far, as our chairman has said, everyone that he has looked at, everyone I have seen is a security.

“If (an ICO token) is a security, then it falls into three buckets. The first is the registered public offerings; this is the normal IPO, public offer. We’ve not had anybody register a public offering for an ICO. The next bucket is exempt offerings, so if you have an ICO, you have to fit into one of those types of exempted.

“And the third bucket is illegal. And if you are not falling into the first two buckets, we’ve said we’re coming after you. Bitcoin itself is not a security but these customized tokens for these initial coin offerings, most of them are. There is some legitimate stuff going that is on and then there is literally the fraud ones.”

+1 WOsMerit SEC  (One of those sentences I never dreamed of writing)

Tweeted this awhile ago..sorry..got caught up reading and writing.
Short term update. Looking at a interesting wave pattern. Healthy consolidation continues as support holds at $9k+. A possible move above the clouds is showing on the hourly after a Vegeta btfd opportunity.
So..sideways for a few more hours followed by a dip into liquidity and then a rocket launch.


That escalated quickly.


+1 WOsMerits for all the nice boat pics.  

Its such a beautiful today I have to get back outside.

[Last of the V8s]

[mymenace]

Hulk Like

[Last of the V8s]

~6 months largely above $7k

[El duderino_]

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com
27/04/2018 BinaryReign
28/04/2018 Toxic2040
29/04/2018 BobLawblaw
30/04/2018 RayX12
05/05/2018 kaicrypzen
07/05/2018 InvoKing
08/05/2018 ChinkyEyes
13/05/2018 mfort312
15/05/2018 Paashaas
16/05/2018 player99
17/05/2018 bikerleszno
19/05/2018 Bitcoinaire
20/05/2018 willope
21/05/2018 rafanadal
22/05/2018 strawbs
24/05/2018 yonton
25/05/2018 JimboToronto
26/05/2018 Colonel Panic
29/05/2018 ivomm
30/05/2018 Lontonbit
31/05/2018 BTCMILLIONAIRE
01/06/2018 RoomBot
02/06/2018 rjclarke2000
03/06/2018 oblox
04/06/2018 wachtwoord
05/06/2018 Wekkel
08/06/2018 hisslyness
09/06/2018 LodisMcguire
11/06/2018 Raja_MBZ
12/06/2018 bitcoinPsycho
13/06/2018 erre
14/06/2018 vroom
15/06/2018 d_eddie
16/06/2018 coralreefer
18/06/2018 Robin,Hood
20/06/2018 rolling
22/06/2018 Biodom
23/06/2018 Dunkelheit667
25/06/2018 bones261
26/06/2018 Arriemoller
28/06/2018 klaaas
30/06/2018 DarkStar_
01/07/2018 o_e_l_e_o
02/07/2018 jojo69
03/07/2018 Karatma1
04/07/2018 Elwar
13/07/2018 sirazimuth
14/07/2018 Ludwig Von
21/07/2018 Lauda
22/07/2018 LFC_Bitcoin
26/07/2018 Icygreen
02/08/2018 fragout
03/08/2018 supremnoob
06/08/2018 cAPSLOCK
08/08/2018 infofront
10/08/2018 HairyMaclairy
15/08/2018 Phil_S
16/08/2018 Rosewater Foundation
17/08/2018 B1tUnl0ck3r
19/08/2018 Imbatman
21/08/2018 BitcoinBunny
27/08/2018 soullyG
28/08/2018 RealMachasm
29/08/2018 STT
04/09/2018 flynn
08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             


BTC gonna break this bitch in ...... 

[Last of the V8s]

http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin/
OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.

[Last of the V8s]

https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html
Goldman Sachs to Open a Bitcoin Trading Operation

In the next few weeks — the exact start date has not been set — Goldman will begin using its own money to trade Bitcoin futures contracts on behalf of clients. It will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients.

[STT]

The ETH estimate is really off seems like which makes me negative on the other guess.   99,191,005 ETH   x  15k   = 1.5 trillion ?  

Are ya'll buying this pump?

I don't see any volume.

Pump presumes its just a small number creating a rise, that dynamic is more suitable for smaller alt coins then BTC.  Just like its the penny stocks which get targeted more then any Blue chip stocks.  I dont think google rising would be a pump, there has to be some large scale mindset to believe they have substantial growth ahead of them.  Might be wrong in that thought but still not a pump when big tech stocks, etc rise so much.

Oil is rising strongly at the moment, speculation is common.  Part of it is very reasonable, Venezuela has serious production problems from a failing economy and Iran situation is some worry.   Even with OPEC in the picture I dont call that a pump either, the rise is genuine its largely a free market afaik.

Volume in BTC is a bit of a guess, I'm not clear on it just I see people refer to Bitfinex as the largest so most reliable source.

BTC still more bullish then I expected.  More of a pullback I thought would occur but its up again. 9169 I would watch short term to confirm above as part of a moving average or momentum to the rise since early April bottom

It will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients.

I presume thats a positive because it allows for a fixed price to be set in contracts or a known liability when an enterprise involves itself in crypto.  Helps ensure stability some hopefully

[pacman7331]

Looks like a wedge breakout upwards is possible... I guess the bulltrap became legit in the past 10 hours. will go in if it hits above 9300...

Or maybe we need to retest the support at 8900 then up?

Looks like the bottom of that upward trend we broke down through could act as resistance right above 9400... not to mention a fib retracement line there as well..

[xhomerx10]

Hulk Like

Piss off Hulk!

Spoiler Alert if you havent seen Infinity Wars stop reading now.

  You absolutely sucked ass in Infinity Wars.  You didn't even show up for the fight; tossed aside like yesterday's compostable rubbish!   I have lost all respect for you.  You're nothing but a green pansy... or maybe a periwinkle.  I cant imagine anyone cares what Hulk like after that pathetic display.

[El duderino_]

Hulk Like

Piss off Hulk!

Spoiler Alert if you havent seen Infinity Wars stop reading now.

  You absolutely sucked ass in Infinity Wars.  You didn't even show up for the fight; tossed aside like yesterday's compostable rubbish!   I have lost all respect for you.  You're nothing but a green pansy... or maybe a periwinkle.  I cant imagine anyone cares what Hulk like after that pathetic display.

I find infinity wars SUPER good .... didn’t thought i would like dr strange after his movie....
and they Just kept all of the best from Hulk for the next one 
Now throw in Hulk throwing the bear and Where back fine as iT was

[Last of the V8s]

https://www.tradingview.com/chart/ZpeeHNhy/

[oblox]

http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin/
OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.

I remember the first time I smoked crack.