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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496789 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. (158 posts by 14 users with 9 merit deleted.)
mymenace
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June 14, 2018, 11:56:19 AM

it also shows desperate phase, they bringing the big guns out now because nothing else working

says volumes

Yep.

Also, the whales have to keep up the pressure to dump and short. Because they know that once the technicals turn upward for good, the thousands of trading bots take over and the start of a new bull run gets solidified. Then other long investors and traders start coming back in. They lose a bit of control over the float and the direction of the market at that point.


the pressure has been building for a while, but them whales got plenty of ammo
fear could intensify, multiple exchanges, legislation, that kind of shit


it lends to the strategy we have to employ of trading up and down, hodl to keep any profit driven momentum now or in the future

otherwise this pressure, if not there, i feel would see some serious new prices



eagerly awaiting the IG report (very soon, tomorrow) to see if there is any market awareness of the federal reserve manipulation under the Obama administration

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June 14, 2018, 12:04:19 PM

You know the signature campaigners must have taken over the rest of bitcointalk if theymos is finally retreating to this thread too.

I tried to go out there a few times, to spread the merit.

Its a sad world.
Yeah I just got kicked out of the last signature campaign for not spamming enough. I'm really over it, it's essentially turning into farming of ads by third world country users, 80% of the threads are repost and the replies don't even make sense.

I decided to just throw my shitty blog on as my signature and I'm deciding to go for an old school vice style of writing. Next post, buying beer online with Bitcoin.
shahzadafzal
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June 14, 2018, 12:14:28 PM

So it was Tether!! I never did a single transaction in Tether and never trusted this filthy monster!!

“Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday.

https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin
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June 14, 2018, 12:17:48 PM

So it was Tether!! I never did a single transaction in Tether and never trusted this filthy monster!!

“Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday.

https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin
I mean everyone has known they've been printing tether for years now.
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June 14, 2018, 12:19:52 PM

So it was Tether!! I never did a single transaction in Tether and never trusted this filthy monster!!

“Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday.

https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin
I mean everyone has known they've been printing tether for years now.


yep

been waiting for the announcement, did not want it now, but there it is


reminder to self: top up trezor
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June 14, 2018, 12:21:05 PM

yep

been waiting for the announcement, did not want it now, but there it is

It's an opinion.

You need a definitive smoking gun such as the owner of Bitfinex saying on camera 'I am pulling value from thin air. Tee hee HEE' before you can put your knickers on your head and run around the garden screaming.
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June 14, 2018, 12:42:37 PM

So it was Tether!! I never did a single transaction in Tether and never trusted this filthy monster!!

“Tether seems to be used both to stabilize and manipulate Bitcoin prices,” finance professor John Griffin and co-author Amin Shams wrote in a paper released Wednesday.

https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin

Never trust a college professor when it comes to Bitcoin.

They are the very very least knowledgeable about Bitcoin in all of the world. They don't just not understand it, their brains believe the opposite of it.
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June 14, 2018, 12:54:00 PM
Merited by mindrust (1)

To anyone thinking BTC price will drop once the USDT shenanigans are exposed:

Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.

One day an astronaut arrives  from an advanced planet; he carries a secret device which allows him to create several fake shells.
For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.

One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.

Will the price of diamonds go down?

Nope.

The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.

Kinda like the way the wealthy elite have gamed the system to print fiat out of thin air, then turn around and use it to buy real assets (businesses, stock shares, real estate, PMs, etc.) with that printed fake money. The assets themselves never really go down in value, but the fiat purchasing power sure does.

One day it'll all hyperinflate and go poof. And then they'll reset and start the game all over again.
toknormal
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June 14, 2018, 01:10:49 PM


$4500 incoming now that the 3-descending triangle base is broken.

Probably bottom out around $3500 with a possible capitulative wick on the weekly down to $1700.
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June 14, 2018, 01:15:05 PM


$4500 incoming now that the 3-descending triangle base is broken.

Probably bottom out around $3500 with a possible capitulative wick down to $1700.

How do you see the 3 descending triangle base broken? : the three lows are around the same levels for me (the second is a little bit higher than the first and third).
Torque
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June 14, 2018, 01:16:39 PM
Merited by El duderino_ (2)

Hey it'll probably spike down to sub $600!! /s

When bearish calls get really stupid, the bottom is close.  Roll Eyes
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June 14, 2018, 01:21:12 PM

$4.5k might not happen, but mid $5k could. SOMA prediction. Almost completely wrong, almost all the time!
toknormal
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June 14, 2018, 01:23:39 PM


$4500 incoming now that the 3-descending triangle base is broken.

Probably bottom out around $3500 with a possible capitulative wick down to $1700.

How do you see the 3 descending triangle base broken? : the three lows are around the same levels for me (the second is a little bit higher than the first and third).

Ok, I'll give you that.

Stay of execution then.

We wait.

We watch Wink
TrumpD
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June 14, 2018, 01:26:40 PM

Hey it'll probably spike down to sub $600!! /s

When bearish calls get really stupid, the bottom is close.  Roll Eyes

As scary as this sounds, I wouldn't be surprised if that happened. I am at the stage where all I do is pray and hope while fearing the worst. Anything under $5k, and its full panic station.
Tyr808
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06/19/11 17:51 Bought BTC 259684.77 for 0.0101


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June 14, 2018, 01:40:28 PM

To anyone thinking BTC price will drop once the USDT shenanigans are exposed:

Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.

One day an astronaut arrives  from an advanced planet; he carries a secret device which allows him to create several fake shells.
For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.

One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.

Will the price of diamonds go down?

Nope.

The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.

Kinda like the way the wealthy elite have gamed the system to print fiat out of thin air, then turn around and use it to buy real assets (businesses, stock shares, real estate, PMs, etc.) with that printed fake money. The assets themselves never really go down in value, but the fiat purchasing power sure does.

One day it'll all hyperinflate and go poof. And then they'll reset and start the game all over again.

Not exactly the same; Federal Reserve (and other central banks) do not create money out of thin air as they need to be solvent for what they emit (which with fractional reserve must be indeed only a fraction of their output); they do however profit from the interest generated by this multiplied supply they emit. This interest is "out of thin air" generated revenue - yes.
But whoever issues USDT goes even further than this, as they do actually create money out of thin air.
Even calling it Monopoly money is a compliment since USDT doesn't even cost paper.
Torque
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June 14, 2018, 01:41:45 PM

Hey it'll probably spike down to sub $600!! /s

When bearish calls get really stupid, the bottom is close.  Roll Eyes

As scary as this sounds, I wouldn't be surprised if that happened. I am at the stage where all I do is pray and hope while fearing the worst. Anything under $5k, and its full panic station.

Phil_S
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June 14, 2018, 01:46:31 PM


$4500 incoming now that the 3-descending triangle base is broken.

Probably bottom out around $3500 with a possible capitulative wick down to $1700.

How do you see the 3 descending triangle base broken? : the three lows are around the same levels for me (the second is a little bit higher than the first and third).

Ok, I'll give you that.

Stay of execution then.

We wait.

We watch Wink

Soon it might look like a falling wedge.
Tyr808
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06/19/11 17:51 Bought BTC 259684.77 for 0.0101


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June 14, 2018, 01:50:36 PM

Hey it'll probably spike down to sub $600!! /s

When bearish calls get really stupid, the bottom is close.  Roll Eyes

As scary as this sounds, I wouldn't be surprised if that happened. I am at the stage where all I do is pray and hope while fearing the worst. Anything under $5k, and its full panic station.

It's not scary, it just makes little sense for the circulating supply of bitcoin* to go below 12.6 billion $.
Block.one (that eos crap) alone raised $4b.. with all the approval bitcoin has had in the world (wikileaks.. IMF.. entire countries) it is silly to think nobody would buy the heck out of that dip.  But it will never happen.
Realistically anything below 3000$ is science fiction.

* 21 million is the total number of bitcoin which will exist at most but do keep in mind that several of those have been forever lost (deceases, lost private keys, etc) thus the real circulating supply is lower than that.


Tl; dr: notsureiftrollingorjustverystupid.jpg
savetherainforest
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June 14, 2018, 02:06:30 PM
Last edit: June 14, 2018, 03:01:04 PM by savetherainforest




Cheers for Bart and the more money he is giving us!!! Cheesy Cheesy Cheesy

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June 14, 2018, 02:13:42 PM

To anyone thinking BTC price will drop once the USDT shenanigans are exposed:

Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.

One day an astronaut arrives  from an advanced planet; he carries a secret device which allows him to create several fake shells.
For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.

One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.

Will the price of diamonds go down?

Nope.

The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.

Kinda like the way the wealthy elite have gamed the system to print fiat out of thin air, then turn around and use it to buy real assets (businesses, stock shares, real estate, PMs, etc.) with that printed fake money. The assets themselves never really go down in value, but the fiat purchasing power sure does.

One day it'll all hyperinflate and go poof. And then they'll reset and start the game all over again.

Not exactly the same; Federal Reserve (and other central banks) do not create money out of thin air as they need to be solvent for what they emit (which with fractional reserve must be indeed only a fraction of their output); they do however profit from the interest generated by this multiplied supply they emit. This interest is "out of thin air" generated revenue - yes.
But whoever issues USDT goes even further than this, as they do actually create money out of thin air.
Even calling it Monopoly money is a compliment since USDT doesn't even cost paper.

How is producing 10 times the amount of money you have...not printing money out of thin air?

If not out of thin air, where does the new money come from?
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