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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 19 (19.6%)
1-10% - 11 (11.3%)
11-20% - 12 (12.4%)
21-30% - 15 (15.5%)
31-40% - 4 (4.1%)
41-50% - 10 (10.3%)
51-60% - 8 (8.2%)
61-70% - 5 (5.2%)
71-80% - 3 (3.1%)
81-90% - 2 (2.1%)
91-99% - 0 (0%)
100% - 8 (8.2%)
Total Voters: 97

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21781056 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (147 posts by 36 users deleted.)
JayJuanGee
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May 10, 2018, 07:55:20 PM

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


I am bullish and all for Wall Street warming up to bitcoin and getting in the game, but what are your thoughts on them manipulating the markets through the futures short and the regular trading for keeping bitcoin in a desired band yoyoing for months and years defeating the purpose of HODL for the regular folks?

Genuine question, this is my worry for the near future


What is your timeline?  If your timeline is long term, such as more than 5 years, then any attempts at manipulation are probably not going to matter in such a way to negatively affect you, unless you really believe that BIG money can be successful in manipulating in such a way to keep bitcoin in a trading band, and actually trickle the price down for years and years.  Sure, they can be effective for short term and even for a couple of years to keep the price down, and one of the problem these days is that people who invest are expecting 5x to 10x returns in a short period of time, and the reality of the matter is if you are getting better than 10% annual returns over the long term, your investment is doing very well.....   even though it may take a few years to average out above that 10% annual rate.

It is quite possible that bitcoin is going to perform well into the future, but of course, there are not any guarantees... furthermore, there is a hard supply issue coming up in bitcoin in less than 2 years, which is the next halvening from the mining of 12.5BTC per block to 6.25BTC per block.  In the past, it seems that manipulators attempted to manipulate the price down during the past halvenings in 2012 and 2016.. and surely that hard supply issue kicks in several months later, and the reality of less supply is difficult to manipulate down when there continues to be upwards price pressures, including developments and adoption that forces the price up and sometimes causes upwards explosions that are beyond the manipulators abilities to hold the price down.

You can invest a lot into bitcoin and leverage somewhat, or you can merely take a more modest approach and just invest 1% to 10% of your quasi-liquid assets into bitcoin.  Even those folks who take a modest approach have been able to profit handsomely historically, and are likely going to profit handsomely into the future.  One of the problems of leveraging or putting a lot of money into bitcoin, is that such actions could cause you to become too emotional or not to be able to weather the realities of cashflow issues and you end up selling at times that are NOT good for you or you get scared into losing position.  I certainly remain an advocate of  the practical approach of ongoing and modest investment into bitcoin, even though it is quite possible that you could make a lot more profit by risking greater asset investment into bitcoin, but that just has not been my approach in the past, and surely my portfolio is doing quite well with what I consider to be a more modest and seeking towards longer term investment approach, which I believe will continue to work, in spite of various future likely attempts at ongoing downward bitcoin price manipulations.
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May 10, 2018, 07:56:16 PM

GOD DAMN BEARS
Dakustaking76
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May 10, 2018, 08:04:01 PM

GOD DAMN BEARS


You damn right!!!!!
Fuckerssss

Again down the road!!!!!

El duderino_
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May 10, 2018, 08:25:17 PM
Merited by LFC_Bitcoin (1)

Interesting to see these predictions for a rally post Consensus. I was going to sell a little bit to pay for Champions League Final tickets but I think I might use fiat for the tickets & flights. I don’t want to end up selling 0.5 bitcoin & miss a big pump.

mmmm champions league final can't wait as well
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May 10, 2018, 08:33:06 PM

wtf is going on now?  Huh
some 2k dumped on finex within 5 mins and its going on
さて、こんにちは、小林さん
Oh no!
Now we may go beerow 9 tousand dorar!

I raffed.

Alas, I have run out of merit to give for the month. Gave 'Goosens a whole bunch this cycle.

I got you bro.
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May 10, 2018, 08:39:00 PM

Help me with your thoughts on bitcoin futures.

In February I started to think if they are bad for bitcoin (because bitcoin remain bearish since introduction of futures).
Now i think they are bad, but probably not on extremely long turn. On extremely long term they are probably good (in years 2019, 2020)

But on short term (this year) i think bitcoin futures are bad. Why bad?
Because all the sudden people with a lot more money then those in crpyto can draw and earn money with hedging and drawing money from "little people with less experience". They wont take money from true hodlers who just hold, but bitcoin need new people in order to go up and up and crazy up, and experienced hedging companies could for quite some time draw price down and they have more knowledge whats and how much is needed to cause spikes down with help of futures.

Can someone help me dig out how much money is now in futures?
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html
For may its i think 3000 contacts? now i wonder how much money is in that

If 1 contract 100 bitcoins? 900k USD? and there was  i think today 3000 buy/sell (or with other words 3000 combined going long + going short)
So 3000 times 900k usd = 2,7 billion USD in one day

Am i gettting this right ? i think not
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May 10, 2018, 08:44:50 PM

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


I am bullish and all for Wall Street warming up to bitcoin and getting in the game, but what are your thoughts on them manipulating the markets through the futures short and the regular trading for keeping bitcoin in a desired band yoyoing for months and years defeating the purpose of HODL for the regular folks?

Genuine question, this is my worry for the near future

Right now there aren't any viable fiat on-ramps for institutional investors, but that seems to be changing.

Also, I think they will want to dip their toes in the water by going long, at first.

Later down the line, there will be some yoyoing, and massive shorts. Ultimately though, Bitcoin is an idea who's time has come, and there's no way to stop it
El duderino_
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May 10, 2018, 08:49:33 PM

wtf is going on now?  Huh
some 2k dumped on finex within 5 mins and its going on
さて、こんにちは、小林さん
Oh no!
Now we may go beerow 9 tousand dorar!

I raffed.

Alas, I have run out of merit to give for the month. Gave 'Goosens a whole bunch this cycle.



as very MUCH,  Cheesy thx for given me some sending around Smerit as well .....
Neo_Coin
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May 10, 2018, 09:02:44 PM

 Wink Wink

Ibian
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May 10, 2018, 09:11:34 PM
Last edit: May 10, 2018, 09:30:41 PM by Ibian

Remember that learn by playing game theory link from a while back? Well here is another, this time about social networks and how ideas spread: http://ncase.me/crowds/

Edit: Also fireflies http://ncase.me/fireflies/
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May 10, 2018, 09:18:18 PM

Wink Wink



now that's my kind of dedication to a joke. Cheesy
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May 10, 2018, 09:41:12 PM

the elon muskit virus is spreading !!!

Hey everyone, I recently did this video (https://www.youtube.com/watch?v=oPdnG03eI58) showing some of the recent Deception and Misdirection that the ZCash team has pushed on us all over the last 1.5 years and ofcoarse more recently over the last week with the announcement of the Z9.

....








another shit coin exposed, Zcash aka ZEC... and this one has still a billion dollar market valuation... what a shame, and when the centralized owner encountered some arguements, what did he do? he did a elon musk, and censored the great user whose post you can read in the quote. I hope the market will not support such trash... where to short it? there is an easy divided by 100 here... from 1 billion to 10 millions (which is way too much already for such a scam)... OPM really don't care...

and don't forget to hodl you profit in btc Smiley.  
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May 10, 2018, 09:47:51 PM

El duderino_
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May 10, 2018, 09:57:43 PM

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com Sad
27/04/2018 BinaryReign Sad
28/04/2018 Toxic2040 Sad
29/04/2018 BobLawblaw Sad
30/04/2018 RayX12 Sad
05/05/2018 kaicrypzen Sad
07/05/2018 InvoKing Sad
08/05/2018 ChinkyEyes
13/05/2018 mfort312
15/05/2018 Paashaas
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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
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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             



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May 10, 2018, 10:20:47 PM



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May 10, 2018, 11:46:40 PM
Last edit: May 11, 2018, 12:12:05 AM by Derpinheimer2

Good news! The bidwalls on bitfinex are real
Bad news! They're being eaten!  Huh

EDIT: 9k broke, fresh 1k wall popped up at 8880 after dumping to 8870

Whale lords, save us from this mass of puny bears.

EDIT2: that wall was fake  Angry

EDIT3: and now they came back with 700 at 8775 and 1000 at 8880
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May 11, 2018, 12:11:46 AM

Good news! The bidwalls on bitfinex are real
Bad news! They're being eaten!  Huh

EDIT: 9k broke, fresh 1k wall popped up at 8880 after dumping to 8870

Whale lords, save us from this mass of puny bears.

EDIT2: that wall was fake  Angry

Lol, thats the same wall.
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May 11, 2018, 12:14:41 AM

Good news! The bidwalls on bitfinex are real
Bad news! They're being eaten!  Huh

EDIT: 9k broke, fresh 1k wall popped up at 8880 after dumping to 8870

Whale lords, save us from this mass of puny bears.

EDIT2: that wall was fake  Angry

Lol, thats the same wall.

Sorry?
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May 11, 2018, 12:34:00 AM

Dont worry. Theres still plenty of room for that last wave to 12-13k to manifest before the real drop.
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May 11, 2018, 12:37:03 AM

In a bear market every news is bad news.
In a bull market every news is good news.

Just doesn't make sense.

Meanwhile in the stock market:

Company posts a quarterly loss, stock pumps +10%.
Company beats on earnings across the board, stock crashes -10%.

Just doesn't make sense.
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