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

[Last of the V8s]

soon it'll be worth what y'all paid for it at Mt.Gox

[bitChipper]

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

[YourMother]

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

It's probably in the interest of the shorters who brought us to this price in the first place to shift the bullish market sentiment (MtGox not selling 160k bitcoins anymore) again to the bear trend. It dropped by hundreds of usd since the MtGox news.

This is so fucking obvious, lol. These motherfuckers probably thought that they will short the market to abyss and then give it the final blow with Kobayashi selling all the bitcoins in September. Looks like they got destroyed. Stop looking for explanations and conspiracies, just buy the fuck out of Bitcoin

[cAPSLOCK]

I think satoshis.place needs a prominent green dildo giving a shout out to this thread.

Hmm.

Thinking.

Too early ?

EDIT: Ever notice at tubgirl.fr, there's a literal fountain of shit, but they've blurred out the vag ? Strange folk, those Japanese.

A little bit too early... yes.

[European Central Bank]

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

why should anyone care what indian banks do? there is no indian market.

japanese or american banks would be a whole different matter.

[FractalUniverse]

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

nope.
its just whales playing games of margins.
news are mostly irrelevant, it serves only as pretext for action.

[Ibian]

Looks like someone is trying hard to shift the market sentiment. The MtGox news is bullish as FUCK! Instead of 1 entity dumping 160k bitcoins, you will now have thousands of holders of which only a small percentage will sell while the rest will most likely continue to hold.

Don't fall for these red candles which are created with borrowed money on margin

Debt is an evil system that should be banned.

[cAPSLOCK]

The scariest part of this drop is that there isn't even any major FUD driving it. It's not like last time where there was the China ban and Gox and major exchange issues happening left and right. The drop is just happening naturally on it's own. What is going to happen when the real FUD begins?

Parelleling this phenomena is the continiously unanimous bullishness in the forum. Charts always with some upwards plot and bulls popping champagne and posting rockets every time there is a 5% rise, and circle jerking eachother 'oh yes that's a great analysis, just how I see it. excellent work. and things will be even more bullish after XYZ conference. we could take this further and add an extra digit or two.' (as the bottom is being challenged on low volume)

Aside from your taunting, I find your analysis to be quite good, and I tend to agree with it.  I do NOT take pleasure by rubbing salt into the wounds of the bulls.  Perhaps this is because I am a holder.  Trading does not suit me.  So I get to feel the pain of your salt when you spread it around.  Does it bring you much pleasure?

With that complaint out of the way, my reason for posting.

Do you think it is possible that this low volume trading we are seeing is indicative of an age of OTC trading.  I have been starting to wonder what strange effects we could be seeing if that is the case.

[jbreher]

Due to the increased centralization of big blocks,

The assertion that big blocks increases centralization is an unsupported bald one. Can you even define 'centralization'? If so, where are the figures showing this supposed centralization?

One sign of a troll is someone who wants to vehemently argue obvious points and to put the burden on others to support such obvious points.

In other words, you gots nothin'. Got it.

[afbitcoins]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Or use Dash Instant Send in which case you don't have to wait around for confirmations or limit yourself to trusting only small cup of coffee sized amounts.

Infofront. This conversation keeps coming up, you should let my comment stand. Or are you trying to keep it a secret that Dash has already solved this problem?

[gembitz]

Looks like someone is trying hard to shift the market sentiment. The MtGox news is bullish as FUCK! Instead of 1 entity dumping 160k bitcoins, you will now have thousands of holders of which only a small percentage will sell while the rest will most likely continue to hold.

Don't fall for these red candles which are created with borrowed money on margin

Debt is an evil system that should be banned.

Bitcoin OWES me ...     ~LOL!!

[gembitz]

Sooo what gives for this recent dump? just another completion of a bart simpson or is this news about Indian banks coming to fruition really crashing the market?

why should anyone care what indian banks do? there is no indian market.

japanese or american banks would be a whole different matter.

Bitcoin makes YOU your own bank and treasury =)   ::thus KYC is knowing thyself~~~

[ivomm]

The scariest part of this drop is that there isn't even any major FUD driving it. It's not like last time where there was the China ban and Gox and major exchange issues happening left and right. The drop is just happening naturally on it's own. What is going to happen when the real FUD begins?

Parelleling this phenomena is the continiously unanimous bullishness in the forum. Charts always with some upwards plot and bulls popping champagne and posting rockets every time there is a 5% rise, and circle jerking eachother 'oh yes that's a great analysis, just how I see it. excellent work. and things will be even more bullish after XYZ conference. we could take this further and add an extra digit or two.' (as the bottom is being challenged on low volume)

What is your goal by posting such doom and gloom FUD posts? Will you be satisfied if some noob believes you and sells, so that you can buy at your wet-dream-low-price? If so, you will sell 10-20% higher, because you are a trader and your brain is damaged.  Those who hodl believe in the technology not in news that generate pump and dumps. This is for shitcoiners to wreck their nerves. If a hodler waits years he will get 100x, 1000x and even 300 000x (like from 0.06$ to 20 000$), while trolls get crumbs from the table. Even those who bought at 20K, after 5-6-7 years can have more than they imagine now.

[Torque]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Or use Dash Instant Send in which case you don't have to wait around for confirmations or limit yourself to trusting only small cup of coffee sized amounts.

Infofront. This conversation keeps coming up, you should let my comment stand. Or are you trying to keep it a secret that Dash has already solved this problem?

Or ya know, all you guys could stop with this line of pointless conjecture and quit pretending that Lightning Network doesn't exist for Bitcoin?

Also, the coffee analogy really sucks. Nobody is buying coffees with their bitcoin. In fact, people are hardly spending their bitcoin at all. Merchant spending usage probably accounts for less than 0.001% of all daily trade volume if that even. If I missed that guestimate by another decimal or two I wouldn't even be shocked.

[shahzadafzal]

I don't know why people get excited or paranoid over small peaks and valleys. Bitcoin is doing pretty much fine, it's as much stable as it can get.

Since Feb 2018 we are in same state... just HODL (long term hold) and believe in Bitcoin



https://i.imgur.com/dP1g8tN.jpg

Edit: Keep buying if you can... you are not loosing any thing!!!

[YourMother]

Don't forget this



The next bull run might not give you the privilege to witness another 60-70 percent drop. We have yet to experience the real vertical adoption like what you see in the graph above.

And yes, holding Bitcoin is far better for your wealth and health than trading it on exchanges like a loser and getting liquidated left and right because of some charlatans who are exploiting your emotions. I was 100x in profit in December-January thanks to holding. Like I said before, Bitcoin going to trillions in market cap is a guarantee. It's written in its protocol, in its economic model. You can't stop this technology from reaching its goal of serving billions of people throughout the world, you can only delay it  (With ignorance, stupidity, shorting it with money out of thin air and the rest)

[Raja_MBZ]

I'm tired of staring at these same old outdated images. As far as I remember correctly, this one is from late 2013.

EDIT: I've searched around; this one's surely from 2017. However, other than this one, most of the images circulating around these days are very outdated.

Interestingly:

In December 2015: Less than 1 percent of U.S. consumers (2 percent of consumers aware of virtual currency) have ever owned (adopted) virtual currency.

In March 2018: The survey discovered that 92 percent of the American population has not purchased cryptocurrency and only eight percent of them plan on investing in cryptocurrency in the future.

[jbreher]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

For BTC = just wait 10 seconds. Even a cup of coffee can wait 10 seconds. It's zero confirmation, but you can almost safely accept the transaction if there are no double spend attempts after 10 seconds.

For BCash = just wait about 10 seconds also. Maybe 20 if you want to make sure. After a confirmation, send it to an exchange and market sell.

For anything else that costs more than a cup of coffee, I'm sure you can wait 10 minutes for a block; and if the transaction hasn't confirmed yet, it should in a few.

Not any longer. BTC broke that model with the introduction of RBF.

[jbreher]

You know, as a business, you can accept zero confirmation transactions from both BTC and BCash.

Or use Dash Instant Send in which case you don't have to wait around for confirmations or limit yourself to trusting only small cup of coffee sized amounts.

Infofront. This conversation keeps coming up, you should let my comment stand. Or are you trying to keep it a secret that Dash has already solved this problem?

Secret? I think we are all already aware that centralized databases can reach finality quicker than decentralized permissionless systems.

[YourMother]

I'm tired of staring at these same old outdated images. As far as I remember correctly, this one is from late 2013.

The graph is from 2017-2018, but that doesn't matter. There are 7.6 billion people on Earth and only 25M addresses generated of which 10-11M addresses hold less than 0.001btc. And I'm not even counting how many addresses individual users might have.

We're talking about 0.03-0.05% out of the world population who are involved in Bitcoin.

This shit hasn't even started yet.