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

[jojo69]

every man has his price

[bones261]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

Much of the resistance is thinking that the ask or stop they put in is near a little peak. They are hoping that a dip will then occur and they can buy back cheaper. Rinse and repeat several times.

[Hueristic]

I thought that was when they gave it to I'llBombYa   

Lol, nah they gave it to Yasser Arafat too. I was referring to the scientific ones not political. Giving it for ETH would be a slap in the face to the entire Idea of crypto (Freedom).

just got a youtube ad for "bitminutes" ICO

I thought they put an end to that shit?

How do you get youtube ads in this day and age?

yeah right?

good fucking question actually

about 2 weeks ago they seem to have overcome my current suite of blockers (ABP+NoScript+Privacy Badger running on firefox)

I figured ABP would have it sorted in a couple days...but you are right, it is getting rather annoying.

Nobody else noticed anything about 2 weeks ago?

I gave up and installed Epic just for Youtube, Fuckin google.

[Icygreen]

Only 75.5 million in buys on Stamp. That's the lowest I've seen it since it broke 100.  
Just had a moment of thinking that maybe we're not breaking 10k for awhile   (ya know, since everyone thinks its inevitable)
Tell me it isn't so.

[TERA2]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

Usually the intent of a seller is to actually sell their coins, not to manipulate the market and "hold it down".

[xhomerx10]

image redacted.

 Seems like I jinxed it.

edit: posted too soon - I'll be back!

[realr0ach]

Join us in the next episode of Sesame Street where young goyim TERA learns the miracle of spoofing to harness the power of the fact humans have a finite lifespan, so there really is a sucker born every minute.  

[TERA2]

Join us in the next episode of Sesame Street where young goyim TERA learns the miracle of spoofing to harness the power of the fact humans have a finite lifespan, so there really is a sucker born every minute.

Spoofing and such is over-diagnosed here.

What is a goyim?

[realr0ach]

Join us in the next episode of Sesame Street where young goyim TERA learns the miracle of spoofing to harness the power of the fact humans have a finite lifespan, so there really is a sucker born every minute.

Spoofing and such is over-diagnosed here.

What is a goyim?

The only problem is the spoofer is usually just tipping his hand to more experienced smart money with large quantities of cash who can destroy him, while only tricking newer, dumb money retail investors who aren't even a threat to him.  The fact bitcoin has been spoofed 24/7 by a single entity operating on Bitfinex who controls the entire market with an iron fist since $200 indicates it's been a cornered, completely centralized market for a long time whose main goal is to fleece small time retail investors to unload their toxic asset because they don't care about tipping people like me off at all.  In other words, they operate a bad scam that doesn't work very well, but they make it up on volume.  The fact their spoofing is so obvious eventually forced them to turn Bitfinex entirely into a fraudulent casino that nobody would ever dare trade on for fear of having their money stolen.

[bones261]

Join us in the next episode of Sesame Street where young goyim TERA learns the miracle of spoofing to harness the power of the fact humans have a finite lifespan, so there really is a sucker born every minute.

Spoofing and such is over-diagnosed here.

What is a goyim?

The only problem is the spoofer is usually just tipping his hand to more experienced smart money with large quantities of cash who can destroy him, while only tricking newer, dumb money retail investors who aren't even a threat to him.  The fact bitcoin has been spoofed 24/7 by a single entity operating on Bitfinex who controls the entire market with an iron fist since $200 indicates it's been a cornered, completely centralized market for a long time whose main goal is to fleece small time retail investors to unload their toxic asset because they don't care about tipping people like me off at all.  In other words, they operate a bad scam that doesn't work very well, but they make it up on volume.

How would spoofy be destroyed if he/it can make the fake walls disappear in fractions of a second and would probably be running on spoofed assets as well? Isn't that the theory of what is going on with Tethers anyway? Bitfinex could just be ordering up more Tethers as a cover for running a fractional reserve. The hope being that people just transfer their tethers to other exchanges rather than asking for a bank transfer of fiat.

[infofront]

https://uk.investing.com/news/cryptocurrency-news/cryptocurrency-market-headed-for-massive-correction-1159217

[jojo69]

What is a goyim?

non jooo

[Searing]

https://uk.investing.com/news/cryptocurrency-news/cryptocurrency-market-headed-for-massive-correction-1159217

Yep...price is pumping so now it it time to BRING OUT THE FUD!

[Nivir]

Lol at the bitcoin poll price results. It seems like people are wanting a huge pump in a short span of time. But surely these people are also the ones scared first of a major correction which is actually normal when a huge increase is inorganic.

[Derpinheimer2]

https://uk.investing.com/news/cryptocurrency-news/cryptocurrency-market-headed-for-massive-correction-1159217

90% correction - from here, or from the top? I could see $2500. I can't see $1000.

I doubted them until they said ETH would rise to #1, they're totally legit 

[Searing]

https://uk.investing.com/news/cryptocurrency-news/cryptocurrency-market-headed-for-massive-correction-1159217

90% correction - from here, or from the top? I could see $2500. I can't see $1000.

I doubted them until they said ETH would rise to #1, they're totally legit  

well, if BTC dumps to 3k my altcoin hoard is 'dust' and I'll sell the works...BTC, the cat, and my Apple II collection...(cowards always have a way out)

Likely my 'end game' would be to panic sell like a 12-year-old child.

My goal was/is to get by on crypto UNTIL full retirement and then take traditional Soc Sec and Investments then. 2.5 years to go! (Not

sure why I'm doing this..it is a goal I guess) Anyway, that would probably be my 'pucker factor' punt point...

( I really, really, like retirement...even at my somewhat 'dubious' suburban 'ghetto' income stream.......just saying, it dumps to 3k, for BTC, I'll crack

like a walnut!)

[mike4001]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

[ivomm]

I knew Ver would pump bcash so far. During the last failed attempts he lost 1/2 of his wealth. Let's hope he will lose the other half soon. Anyone buying this shit at these prices must be crazy. In a week or two bcash will lose 80%. And especially if the rumors are true that MtGox trustee made a deal with kraken to sell only bcash to repay creditors during the bankruptcy proceedings.

[TERA2]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

'Sell into green' is a popular trader slogan in the rest of the world. These people aren't viewing this as a real bull run. They are viewing it as another dead glade bounce, perhaps the last one before the descent to new lows, and the last chance to sell. Perhaps they bought around 10K and swore they would sell around here. They will settle for 10K to sell their boatloads of coins and would rather not try to wait for the final top. The turn around from the top is likely to be violent and they may miss it, after which there may not be enough liquidity to sell large amounts of coins on the way down. 

[mike4001]

And we are going down again :-/