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

[JayJuanGee]

Okey so whats next???


Were gonne drop to €3k???

thinking BTC is just testing the doug polk 10K bet

I haven't seen anything from DPolk, recently, but I would imagine that he must be getting a bit nervous..... Tone Vays did have the better side of the bet in terms of being able to use the bet as leverage.. but it did seem that DPolk did make what seemed to be a reasonably decent bet in which odds seemed to be working pretty good for him.. and not so much now..

I seriously doubt Doug is the least bit nervous.  He is a pro, he knows his odds and is resigned to the outcome the fates deliver.

Also, he isn't exactly going hungry if he loses.

edit/ I see capslock beat me to it

Yeah.. cAPSLOCK beat you to it, and you also failed to acknowledge that I responded to him too, and I said that I was making a point about changes in the market in the last two weeks that makes the odds for going sub $6k to be greater than they were two weeks ago...

seems peep want to read too much into what I am saying and kind of whit knighting Dpolk... Hey, maybe Dpolk might say something himself about what he thinks about the changed odds and his feelings about such changed odds, if he is not a bot, too?

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[JayJuanGee]

And this is the crux of the problem. BTC needs to find a way to decouple itself from fiat. Unfortunately, there is not enough adoption at this time to accomplish this. One would be really hard pressed to be able to fully purchase all of the goods and services they need directly with BTC.

I got to about 90% of purchases when I lived in Germany (I think gasoline was the final thing).

In the US it would have been so much easier. Bitcoin people in the US have it so easy for spending bitcoins but they don't even know it.

Yeah, but who wants to spend them, unless you happen to be the real and true whitepaper bitcoin or the real satoshi, then you might want to spend those real bitcoins... rather than spending bitcoin bitcoins.   

[JayJuanGee]

Screw it. I'm buying moar.

There might be some guys in this thread willing to sell to you..

Rosewater, kingcolex, and a few more

[kaicrypzen]

https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/

Interesting article.

It wasn't only the drop. The original rise was also due to "price manipulation" in the first place.

Yep, works both ways.

No. It isn't.

SEC didn't launch price manipulation probe when price dropped from 19K to 6K. SEC launched price manipulation probe just recently when it is obvious sell pressure is rapidly fading away!

Can you please explain why the SEC launching a Bitcoin price manipulation probe now, would invalidate a pre-futures listing price manipulation hypothesis and then a post-listing one?
What I understand from what you are saying is that if the price was manipulated before, then the SEC would have launched a probe at that time and not just now. Is that it? And if so, why would you think that? I mean, do we (commoners) even know what the SEC is doing, why they are doing it and how they decide when to do it?

I think when you have a unregulated market where the price is going up rapidly from 6K to 19K, there is bound to be some price manipulation going on there as well from big whales / investors behind the scene. 

+1

[Elwar]

The great thing is, if you believe liberals* who say that natural monopolies form when the free market is left unregulated...that means Bitcoin will eventually become a monopoly and no alt coins will ever again be created.

Come on communist economics! Kick in already!


*for those outside the US, liberal in the US actually means communist

[aaroque2003]

The great thing is, if you believe liberals* who say that natural monopolies form when the free market is left unregulated...that means Bitcoin will eventually become a monopoly and no alt coins will ever again be created.

Come on communist economics! Kick in already!


*for those outside the US, liberal in the US actually means communist

EXCELLENT Comment.. LOL..!!!

[Jacques_Bittard]

During bull markets, I always sell on the weekend dump. And during bear barkets, I always buy on the weekend pump. Very simplistic, but works for years already. Cheers guys! I'm drunk again, but we're experiencing a really good weather in this summer for our nordic little country

[Ludwig Von]

*belgium 28°

If I'm ever out that way with Rick, I'll have to look you up and say "Hi".

I hear you guys have great chocolate over there.

Have a great weekend !

And beer Bob. !

[Torque]

https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/

Interesting article.

It wasn't only the drop. The original rise was also due to "price manipulation" in the first place.

I think when you have a unregulated market where the price is going up rapidly from 6K to 19K, there is bound to be some price manipulation going on there as well from big whales / investors behind the scene. 

[qwizzie]

I dont know why, but i kinda like this quote  

[El duderino_]

*belgium 28°

If I'm ever out that way with Rick, I'll have to look you up and say "Hi".

I hear you guys have great chocolate over there.

Have a great weekend !

if your in belgium no problem at all....

and sure we do  it ain't not bad at all down here

[El duderino_]

*belgium 28°

If I'm ever out that way with Rick, I'll have to look you up and say "Hi".

I hear you guys have great chocolate over there.

Have a great weekend !

And beer Bob. !

indeed , only i'm not to big of a beer drinker

[buyandhold]

https://www.seattletimes.com/business/bitcoin-backlash-as-miners-suck-up-electricity-stress-power-grids-in-central-washington/
too much javascript;dr https://archive.is/2fa55

[Globb0]

Cant seriously see any business complaining about too much sales? fishy shit

[jojo69]

Okey so whats next???


Were gonne drop to €3k???

thinking BTC is just testing the doug polk 10K bet

I haven't seen anything from DPolk, recently, but I would imagine that he must be getting a bit nervous..... Tone Vays did have the better side of the bet in terms of being able to use the bet as leverage.. but it did seem that DPolk did make what seemed to be a reasonably decent bet in which odds seemed to be working pretty good for him.. and not so much now..

I seriously doubt Doug is the least bit nervous.  He is a pro, he knows his odds and is resigned to the outcome the fates deliver.

Also, he isn't exactly going hungry if he loses.

edit/ I see capslock beat me to it

Yeah.. cAPSLOCK beat you to it, and you also failed to acknowledge that I responded to him too, and I said that I was making a point about changes in the market in the last two weeks that makes the odds for going sub $6k to be greater than they were two weeks ago...

seems peep want to read too much into what I am saying and kind of whit knighting Dpolk... Hey, maybe Dpolk might say something himself about what he thinks about the changed odds and his feelings about such changed odds, if he is not a bot, too?

dougbot...I had not considered that...hmmmmmmmmm

[jojo69]

Cant seriously see any business complaining about too much sales? fishy shit

no, it is a real thing, the miners have been abusing subsidies...and getting aggressive with utility crews. 

Chelan county has had it up to here and is probably going to tax the living shit out of them.

[Elwar]

So...being involved in an ICO I get to peek behind the scenes to see how these things work.

One crazy thing I ran across is this whole telegram phenomenon. Apparently if you don't have at least 2k followers on telegram people automatically think your ICO is shit so they don't join, which means you don't get to 2k telegram followers which means when someone else comes they'll see you don't have a lot of followers so they don't follow...etc. and on and on.

So these ICOs have to shell out promises of a portion of their crypto to these bounty programs. Basically all of the shit signature campaigns you see, all of those people join your telegram channel, create very shitty youtube videos so that they can say they created content (I went to one of these videos, the guy went to the web page and video taped him scrolling down the page...with some background music...two different videos created doing that same thing).

So...they fill up telegram with a shit ton of bounty program people who probably don't give one shit about your ICO, they're on every telegram channel probably with 10 different accounts. So now you have 2k followers but everyone knows that those are mostly just bounty program people so you should really have 4k or 5k...or whatever.

It's all a bunch of crap. We jumped from 200-300 people on the telegram channel mostly organically from sending an e-mail out to people who expressed interest on the website and mainly just people getting the word out on their own. After the bounty program we shot up to 1.4k (plus we had a lot of news coverage this past week so it's not all bounty program). Some dude logged in today with some altcoin profile picture and asked "why so few members?". Because apparently we're not wasting as many coins on shit posters as other ICOs (is what I wanted to say...).

This whole telegram thing is pretty stupid, I have no idea why people think it is useful for an ICO. I remember using something like this in MUDs back in 1993, it was the gossip channel, and it was annoying then too. I just keep waiting for someone to chat: "level!"...."grats!"

[buyandhold]

Nicholas Weaver hit piece http://www1.icsi.berkeley.edu/~nweaver/papers/cryptorisks.pdf contains nothing new.

[Globb0]

So...being involved in an ICO I get to peek behind the scenes to see how these things work.

One crazy thing I ran across is this whole telegram phenomenon. Apparently if you don't have at least 2k followers on telegram people automatically think your ICO is shit so they don't join, which means you don't get to 2k telegram followers which means when someone else comes they'll see you don't have a lot of followers so they don't follow...etc. and on and on.

So these ICOs have to shell out promises of a portion of their crypto to these bounty programs. Basically all of the shit signature campaigns you see, all of those people join your telegram channel, create very shitty youtube videos so that they can say they created content (I went to one of these videos, the guy went to the web page and video taped him scrolling down the page...with some background music...two different videos created doing that same thing).

So...they fill up telegram with a shit ton of bounty program people who probably don't give one shit about your ICO, they're on every telegram channel probably with 10 different accounts. So now you have 2k followers but everyone knows that those are mostly just bounty program people so you should really have 4k or 5k...or whatever.

It's all a bunch of crap. We jumped from 200-300 people on the telegram channel mostly organically from sending an e-mail out to people who expressed interest on the website and mainly just people getting the word out on their own. After the bounty program we shot up to 1.4k (plus we had a lot of news coverage this past week so it's not all bounty program). Some dude logged in today with some altcoin profile picture and asked "why so few members?". Because apparently we're not wasting as many coins on shit posters as other ICOs (is what I wanted to say...).

This whole telegram thing is pretty stupid, I have no idea why people think it is useful for an ICO. I remember using something like this in MUDs back in 1993, it was the gossip channel, and it was annoying then too. I just keep waiting for someone to chat: "level!"...."grats!"

You generalise a lot there. I did 1 program and I did it all honestly and I liked the project so I'm staying involved.

Why is the telegram different from the old IRC channel? its just a place to get a quick answer?

Just don't judge everyone the same please.

[bengsabeng]

I see in this thread many posts that discuss bitcoin prices in a day, this indicates there are still many people who care about bitcoin. immediately reach $ 10k