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

[TERA2]

Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.

[afbitcoins]

Good grief you really drinking the cool aid. You don't know what shady stuff is going on in the Monero distribution by design. But the cripple mine at launch is well known. So get the fuck outta here with that nonsense. Yes this is a bitcoin thread, so why you guys keep bringing monero into it and obsessing over Dash.  

IIRC I think it was you that picked the fight:

Monero with its opaque blockchain. You don't know who stealth mined in huge quantities and you trust that there isnt an exploit or bug allowing someone to mint any quantity of XMR they like. You don't have a richlist. You can't analyise the blockchain at all, You assume its all good. Yay. Monero. Its name even means something in esperanto. And it has a wallet now

Just sayin.

Since you took the time to look for one of my recent posts , why not look back a few comments further from that post I made and you'll see it was a response to ongoing pollution of this thread by monero commenters. So not something I randomly started after all.

So you can get the fuck outta here too with your cherry picking, out of context quotes

[afbitcoins]

Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.

I'll second that. They will be aiming for control in the same way as gold and silver markets are controlled.

[Elwar]

I'm going to laugh my ass off when decentralized exchanges make all of these centralized exchanges extinct...

"but muh regulation compliance...!"

[Toxic2040]

Good morning Ladies and Gent's
Some of the things I am looking at on the chart. We appear to be setting up for an actual weekend pump after a few more bars of relative sideways action. The bounce off the cloud instead of a twist is telling me that support is building at these levels and any dip in that area might turn into a "relaxing" pattern instead of a dump.

Although prior years never had the futures markets grab 'em by the mee-ow...

+1 WOsMerit



*edit*

From Tom Lee and @fundstratQuant

[Agapios]

If this is not bullish, I don't know what is:

Some of the biggest names on Wall Street are warming up to bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.
The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were  still confidential.
....
Goldman will initially only be trading futures contracts linked to bitcoin’s price. But Goldman executives said they were looking at moving in the direction of buying and selling actual bitcoins.
The Intercontinental Exchange’s effort, if it pans out, could make bitcoin available to a much wider and more influential customer base, including other financial firms.
...

Read the whole NYT article at:

https://economictimes.indiatimes.com/markets/stocks/news/coming-soon-bitcoin-trades-on-wall-street/articleshow/64076979.cms

If wall street is warming up for bitcoin this can as well they are warming to be bearish. People also invest a lot by SELLing futures. I think (correct me if i am wrong) the biggest bearish investment in stock markets are tesla stocks (i hope bulls beat them). If i am not mistaken tesla stock has the most bears among all stocks. I think we cant really see how much are bitcoin futures making SELL (for rookies this means betting that stock will go down) and how much BUY

[afbitcoins]

If this is not bullish, I don't know what is:

Some of the biggest names on Wall Street are warming up to bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world.
The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were  still confidential.
....
Goldman will initially only be trading futures contracts linked to bitcoin’s price. But Goldman executives said they were looking at moving in the direction of buying and selling actual bitcoins.
The Intercontinental Exchange’s effort, if it pans out, could make bitcoin available to a much wider and more influential customer base, including other financial firms.
...

Read the whole NYT article at:

https://economictimes.indiatimes.com/markets/stocks/news/coming-soon-bitcoin-trades-on-wall-street/articleshow/64076979.cms

If wall street is warming up for bitcoin this can as well they are warming to be bearish. People also invest a lot by SELLing futures. I think (correct me if i am wrong) the biggest bearish investment in stock markets are tesla stocks (i hope bulls beat them). If i am not mistaken tesla stock has the most bears among all stocks. I think we cant really see how much are bitcoin futures making SELL (for rookies this means betting that stock will go down) and how much BUY

If I am understanding correctly Tesla would not have a cent of profit without government handouts. So there is that.

[Torque]

Interesting tidbit: Bill Gates was a micro-managing asshole boss back in the day. Like the one I'm sure some of you have experienced yourselves.

https://www.cnbc.com/2018/04/25/bill-gates-memorized-microsoft-employees-license-plates-to-track-them.html

Who knew. /s

[pacman7331]

Good morning Ladies and Gent's
Some of the things I am looking at on the chart. We appear to be setting up for an actual weekend pump after a few more bars of relative sideways action. The bounce off the cloud instead of a twist is telling me that support is building at these levels and any dip in that area might turn into a "relaxing" pattern instead of a dump.

Although prior years never had the futures markets grab 'em by the mee-ow...

+1 WOsMerit



*edit*

From Tom Lee and @fundstratQuant

So you are suggesting we pass the buck to another poor fool while we cash out at the top?
That's immoral.

 

On Judgement day when God returns to Earth he will ask you: "and did you sell your bitcoin?" and you shall say: "No God, i'd never do such a thing I only buy bitcoin and HODL and pass out bits to the poor after a rally" Then god will allow you into his kingdom. But if you say "Yes God I sold at every rally and bought every dip" God will say: "you betrayed the bitcoin HODL commandment.. thus you shall burn in the fires of hell forever.

[Torque]

Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.

I'll second that. They will be aiming for control in the same way as gold and silver markets are controlled.

Note, however, that "take them down" and "control" are two completely different objectives. Control can just as easily mean to "take them up", as in to the moon.  

So you are suggesting we pass the buck to another poor fool while we cash out at the top?
That's immoral.

As immoral as trading freshly harvested baby brains. 

[afbitcoins]

Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.

I'll second that. They will be aiming for control in the same way as gold and silver markets are controlled.

Note, however, that "take them down" and "control" are two completely different objectives. Control can just as easily mean to "take them up", as in to the moon.  

True, I guess I wasn't really seconding it technically speaking  

Risking getting into Roach territory but bitcoin could make a decent new world order currency in which taking it to the moon might be part of the initial phase of implementation.

Do the powers that be want to destroy it or trap us all into it?

  

[fluidjax]

"The Basis Says The Bitcoin Bottom Is In" - Ugly Old Goat

https://medium.com/@homeytel/the-basis-says-the-bitcoin-bottom-is-in-e6d94d086b15

[Anon136]

\

Agree with most of that except the opening. Dash is nothing like Monero and not trying to be.

You are absolutely right:
Monero is decentralized, fairly distributed, without a premine, and truly private.

Dash is none of those.

But this is a bitcoin thread.  I am probably one of the biggest proponents of Monero, but in here I stick to BITCOIN.  Monero is one of the VERY few actually decentralized altcoins with utility.  It will survive as a child of BTC along with Litecoin, and... and... well there *could* be no others.

Good grief you really drinking the cool aid. You don't know what shady stuff is going on in the Monero distribution by design. But the cripple mine at launch is well known. So get the fuck outta here with that nonsense. Yes this is a bitcoin thread, so why you guys keep bringing monero into it and obsessing over Dash. 

The crippled mining situation is real and unfortunate however it was very short lived and not so dramatic that the crippled miner couldn't still be effective and there was no heavily front end weighted distribution curve. And it isn't even clear that there was anything nefarious about it, it's just as likely that the code for the original miner was just poorly written and some enterprising individual realized that he could improve it and use his improved miner to make some money. I highly doubt when it was all said and done that the claymore guy even got away with more than 0.25% of the currency supply. It's unfortunate but not even comparable to evan and co mining something like 70% of the dash currency supply in the first day in secret via a secret launch.

[pacman7331]

Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.

I'll second that. They will be aiming for control in the same way as gold and silver markets are controlled.

Note, however, that "take them down" and "control" are two completely different objectives. Control can just as easily mean to "take them up", as in to the moon. 

So you are suggesting we pass the buck to another poor fool while we cash out at the top?
That's immoral.

As immoral as trading freshly harvested baby brains. 

Actually it's maybe not immoral... apparently the Quran had some issues with bitcoin...(but I don't regard it as a real source of guidance anyway) but the Bible tells you to go get interest and multiply your wealth... So I dunno... I was joking... but I do question the morality of traders in this market. Especially the Bitfinex stop loss hunters... they probably belong in the crevice of doom.

I like this one:

"Proverbs 28:20 A faithful man will abound with blessings, but he who makes haste to be rich will not go unpunished." I felt that punishment... In attempting to recover my losses I try trading... only to get raped by fees. So I gave up on scalping and ping ponging...

[pacman7331]

I feel like if we don't break 9400 in the next 12 hours it'll be time to sell...  

That bull flag is looking good though. I don't think anything is gonna stop it. It should break in less than 12 hours or it'll be too late to sell  .

Hey guys... seriously...

is this a bull flag or a rising wedge?

[Elwar]

I finally retired my BitPools logo. Even though the website hasn't been up for a few years I kept the logo up because I paid someone 1 BTC for it back in 2013.

[afbitcoins]

\

Agree with most of that except the opening. Dash is nothing like Monero and not trying to be.

You are absolutely right:
Monero is decentralized, fairly distributed, without a premine, and truly private.

Dash is none of those.

But this is a bitcoin thread.  I am probably one of the biggest proponents of Monero, but in here I stick to BITCOIN.  Monero is one of the VERY few actually decentralized altcoins with utility.  It will survive as a child of BTC along with Litecoin, and... and... well there *could* be no others.

Good grief you really drinking the cool aid. You don't know what shady stuff is going on in the Monero distribution by design. But the cripple mine at launch is well known. So get the fuck outta here with that nonsense. Yes this is a bitcoin thread, so why you guys keep bringing monero into it and obsessing over Dash.  

The crippled mining situation is real and unfortunate however it was very short lived and not so dramatic that the crippled miner couldn't still be effective and there was no heavily front end weighted distribution curve. And it isn't even clear that there was anything nefarious about it, it's just as likely that the code for the original miner was just poorly written and some enterprising individual realized that he could improve it and use his improved miner to make some money. I highly doubt when it was all said and done that the claymore guy even got away with more than 0.25% of the currency supply. It's unfortunate but not even comparable to evan and co mining something like 70% of the dash currency supply in the first day in secret via a secret launch.

Thats a cool story bro. But the monero miner was crippled deliberately, there are articles online describing in detail by one of the programmers who made an optimised version for himself how the original code looked. if you can be bothered to look for it. The rest of what you say is you guessing what happens within an obfuscated blockchain. By the way 83.7 % of statistics are completely made up.

[bitmover]

Any wall street involvement with public cryptos is a ploy to get inside and take them down, like with the futures.

Cryptocurrency and Bitcoin are for everyone. And that include wall street investors.

Bitcoin is a new asset class with high returns and is non-correlated to any other asset (no correlation to bonds, stocks, etc)

Hedge funds, pension funds, they all wanna buy bitcoin. They are coming and they cannot be stopped. They WANT to come in

But they can't for regulation and legal reasons. one day they will, and market will BOOOOOM

[LFC_Bitcoin]

I finally retired my BitPools logo. Even though the website hasn't been up for a few years I kept the logo up because I paid someone 1 BTC for it back in 2013.

I really should stop wearing signature campaign logos & remove myself from them. It does get frowned upon by older members. I don’t need the money but I can’t give up free money for doing something I enjoy (posting on here).

 

[kurious]

Good grief you really drinking the cool aid. You don't know what shady stuff is going on in the Monero distribution by design. But the cripple mine at launch is well known. So get the fuck outta here with that nonsense. Yes this is a bitcoin thread, so why you guys keep bringing monero into it and obsessing over Dash.  

IIRC I think it was you that picked the fight:

Monero with its opaque blockchain. You don't know who stealth mined in huge quantities and you trust that there isnt an exploit or bug allowing someone to mint any quantity of XMR they like. You don't have a richlist. You can't analyise the blockchain at all, You assume its all good. Yay. Monero. Its name even means something in esperanto. And it has a wallet now

Just sayin.

Since you took the time to look for one of my recent posts , why not look back a few comments further from that post I made and you'll see it was a response to ongoing pollution of this thread by monero commenters. So not something I randomly started after all.

So you can get the fuck outta here too with your cherry picking, out of context quotes

No one was criticising Dash before you laid into Monero, so what I was driving at was that it's your own fault Dash got a pasting, and obviously upset you.

Anyway, life goes on.  And I think I will stick around, thanks.