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

[kurious]

after belgium won 5-2 and crypto was doing ..... few %'s back up 

i jump't into the booze with my precious downtown antwerp city, talking about everything accept BTC for a moment SO again saturday evening well spended
lets see what the next weeks gonna bring us

Well, we're up against you next Thursday.  I will admit this is a great Belgian team - respect is due.  But it's turning into a great World Cup - let's see indeed...

[1714271988]

1714271988

[1714271988]

1714271988

[1714271988]

1714271988

[1714271988]

1714271988

[1714271988]

1714271988

[1714271988]

1714271988

[JayJuanGee]

WHAT a game did the belgiums played today  WOW     5-2    HAZARD AGAIN

And a Big BTC recovery  time for dinner and weekend time  common BTC pump a little bit

gotta see some green figures down weekend time to cover the spendings

I got back from Vegas today, 10 hour flight & 2.5 hour drive home. Pretty fucking tired & $5,000 spent gambling, drinking & getting high
Bitcoin continues to creep downwards but I’m not fucking bothered any way, we HODL on. The price will be over $50,000 per coin by mid 2021 so this is all just shit foreplay. A few years until we sink in her balls deep

That sounds pretty fucking close to exactly correct, give or take .00042163912% variance.

It seems that a large number of longer time holders, such as you, me and seemingly a few others, are continuing to live their lives with a decent amount of celebration concerning where we already are at in regards to the current bitcoin, along with considerations about likely places that BTC is going, especially in the "few years out" scenarios.

Given bitcoin's history, I think that there are decent chances that 2021 is a reasonable time-frame to count on a decently high probability of large returns and exponential growth, by then.  I do have a hard time, personally, projecting out that far, but certainly my portfolio remains ready for such bullish scenarios.. but I am also prepared for less bullish scenarios too... hahahahhaha...

Likely it remains safe to just "live your life,"  and surely the future level of "balling" is going to be greater with higher BTC prices.  Right now, maybe it is prudent to stick with "reasonable" balling rather than "all out" balling.

[mymenace]

MtGox enters Civil Rehabilitation:
https://mtgox-creditors.com/

Fingers crossed...

There is only one outcome

Remember this is what always happen to the protected and corrupt
(Like some secret cabal getting off scheme...  )

no-one will ever see Karpeles in the street again or any of his relatives

and

creditors will be pushed back and back until many drop off, die or it is not worth their time anymore

thus reducing compensation payouts

[Toxic2040]

The market maker at Bitfinex appears to be the one forcing the price lower.  

A bit extreme to characterize Bitfinex as "the market maker"  


Otherwise the remainder of what you say in your linked-above post seems reasonable.

How would you characterize it Jay?  You do realize a market maker is an actual position right? Its not advertised per say but each exchange has a individual or entity that fills this position and "makes" market prices and insures liquidity. Please note I did not say "the market maker".. e.i. meaning one over all, I said the maker "at" Bitfinex. To the best of my knowledge there are about a couple of dozen or so "makers" that drive market direction in bitcoin. Also worth mentioning is that there can possibly be more than one at any given exchange.

Bitfinex tends to "lag" behind other exchanges, resisting upwards AND downwards price movements until resistance or support is broken. Then explodes quite spectacularly one direction or the other.

I have no first hand knowledge of this other than personal observation..so you can take it as anecdotal evidence.

I will also add that recently Bittrex send me a email regarding fiat deposit/withdrawal options for a pilot program they are starting. In the application I could have requested "maker" status if I had so chosen. It does not mean I would have been accepted..that has to do with your trade activity, deposits and withdrawals and several other factors.

[El duderino_]

after belgium won 5-2 and crypto was doing ..... few %'s back up 

i jump't into the booze with my precious downtown antwerp city, talking about everything accept BTC for a moment SO again saturday evening well spended
lets see what the next weeks gonna bring us

Well, we're up against you next Thursday.  I will admit this is a great Belgian team - respect is due.  But it's turning into a great World Cup - let's see indeed...

Very very good team ..... Engeland as well butt i think the game on thursday is less relevant as they both go to the next round maybe its even better to end second of the group 🤨 .....

[JayJuanGee]

Anyone quoting JJG or shahzadafzal gets an instant ignore. Please do the same.
So sick of fucktards. Seriously.

Aren't you the greatest of knowing "good taste"  ? 

You get one of these   



And that is being nice.

[JayJuanGee]

The market maker at Bitfinex appears to be the one forcing the price lower.  

A bit extreme to characterize Bitfinex as "the market maker"  


Otherwise the remainder of what you say in your linked-above post seems reasonable.

How would you characterize it Jay?  You do realize a market maker is an actual position right?

It is like you are saying that Bitfinex leads the BTC price, and I think that is just a poor choice of descriptive words regarding the implications of such.  There are over 200 exchanges (well including various places that you can buy and sell BTC), and surely I agree with any implication that some of the exchanges lead the price more than others, and it has been long considered that any exchanges that deal with margin (which would include Bitfinex) is less reliable as a "leader" than others such as Bitstamp that does not (even though concededly Bitstamp deals with a hell of a lot lower level of trade volume).  Up and coming players like Binace certainly changes the price leading dynamics, too, presuming that there is some truth in Binance's trade volume.  I am not sure exactly how I would characterize what you are saying, so I am just saying that asserting that Bitfinex is "the market maker" is not good word choice.

Its not advertised per say but each exchange has a individual or entity that fills this position and "makes" market prices and insures liquidity. Please note I did not say "the market maker".. e.i. meaning one over all, I said the maker "at" Bitfinex. To the best of my knowledge there are about a couple of dozen or so "makers" that drive market direction in bitcoin. Also worth mentioning is that there can possibly be more than one at any given exchange.

O.k.  thanks for that clarification.  It seems that I may have misunderstood what you were saying.

Bitfinex tends to "lag" behind other exchanges, resisting upwards AND downwards price movements until resistance or support is broken. Then explodes quite spectacularly one direction or the other.

Surely, I understand that it is good to recognize these kinds of patterns, and attempt to attribute meaning to them.  You seem to acknowledge that sometimes the leader may not be the one that is in the front, too.  So perhaps, we are on a similar page regarding these matters.. and surely, each of us is not in the same place at the same time, so what we experience can lead us to differing conclusions, too.

I have no first hand knowledge of this other than personal observation..so you can take it as anecdotal evidence.

Fair enough.  I got kicked off of Bitfinex with the rest of the US individuals nearly a year ago, so harder for me to personally monitor it, when I don't have money there.. even though I do sometimes look at it, too (in order to make comparisons).

I will also add that recently Bittrex send me a email regarding fiat deposit/withdrawal options for a pilot program they are starting. In the application I could have requested "maker" status if I had so chosen. It does not mean I would have been accepted..that has to do with your trade activity, deposits and withdrawals and several other factors.

Yes, I understand that exchanges are developing multi-faceted approaches to customers, including some of them also implementing various kinds of OTC practices that could allow them to take a cut from large personal exchanges between BIG players, but whatever their contract exchange agreement would not affect exchange price.

[criptix]

So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.

At the top of my list would be a Challenger Hellcat. I would choose a Tesla Model S over a lambo any day though.

Mercedes S400 long wheel base

Ultimate luxury




Ruby Black yum

Check out the BMW M760i 2018.

Sorry for the dump boys, i needed some new cars 


Btw looks we are heading for 5.7

[mymenace]

So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.

At the top of my list would be a Challenger Hellcat. I would choose a Tesla Model S over a lambo any day though.

Mercedes S400 long wheel base

Ultimate luxury




Ruby Black yum

Check out the BMW M760i 2018.

Sorry for the dump boys, i needed some new cars 


Btw looks we are heading for 5.7

Yeah, was second pick, test drive was awesome, rear seat though I hit my head on the roof is all

[Majormax]

By the end of July we shall see price above $10k.

Not going to happen.

Just as likely to see price at 2k.

Random move, 4k up or 4k down. No analysis.

That is not how it works. We use log scale not linear scale. A probability of the price being 5/3 as high as it is now is supposed to be as probable as a fall to 3/5 of what it is now. So a rise to ~10k should be equivalent to a fall to ~3600, not 2K.

Thanks ....  I stand corrected. Principle is similar.  3600 is as unlikely as 10k .

Here's another bit of dumb-ass maths:

80% probability that a trading range of 5k to 7k holds until end July.  

These figures are merely based on the historical volatilty extrapolated into the future, but they work well in all markets, regardless of how exotic the instrument. Of course the 20% probabilty happens 1 time in 5.

The only reason I quote them is to shine a little realism onto wilder predictions. I really have no idea where price is going in the next 2 months.

[JayJuanGee]

By the end of July we shall see price above $10k.

Not going to happen.

Just as likely to see price at 2k.

Random move, 4k up or 4k down. No analysis.

That is not how it works. We use log scale not linear scale. A probability of the price being 5/3 as high as it is now is supposed to be as probable as a fall to 3/5 of what it is now. So a rise to ~10k should be equivalent to a fall to ~3600, not 2K.

Thanks ....  I stand corrected. Principle is similar.  3600 is as unlikely as 10k .

Here's another bit of dumb-ass maths:

80% probability that a trading range of 5k to 7k holds until end July.  

These figures are merely based on the historical volatilty extrapolated into the future, but they work well in all markets, regardless of how exotic the instrument. Of course the 20% probabilty happens 1 time in 5.

The only reason I quote them is to shine a little realism onto wilder predictions. I really have no idea where price is going in the next 2 months.

Hahahahahaa...

I appreciate your sense of humor, and surely your maths come off as a bit improved, when you account for a $3,600 percentage phenomenon rather than an absolute numbers $2,000 phenomenon...

There still might be a bet in there, somewhere; however, surely not as good for me as your first comment... so in the end, many of us mere mortals (including yours truly) can improve by engaging in a kind of didactic process, even while there could be a bit of name calling in there (not really meant on any kind of personal basis)..   since it seems that a large majority of us presumptively OG WO thread participants are not robots.    

[lightfoot]

So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.

Just taking a look at a Fisker today, really nice car. Lambo is still a bit too flat for my body type, then again an original Tesla roadster could work.

However at the rate we're going I might have to settle for a second-hand schwinn.

[jbreher]

@Jbreher
I'm dissapointed in you spreading outright lies, obviously I have misjudged you. Dash is a distributed decentralised blockchain secured with proof of work. Just like bitcoin.  

Er... 'masternodes' - just like Bitcoin?

Lol

'zackly

[xhomerx10]

Well isn't that just fantastic... Looks like the doors have been opened to $5500 or less now. The psychological barrier at $6000 has been broken again. How much lower are we going to go?   

  We still have 30 minutes to go on the hourly - if it pops back over 6k before that, we can pretend like it never happened

[jojo69]

embrace the pain

[BitcoinNewbie15]

Well isn't that just fantastic... Looks like the doors have been opened to $5500 or less now. The psychological barrier at $6000 has been broken again. How much lower are we going to go?    

  We still have 30 minutes to go on the hourly - if it pops back over 6k before that, we can pretend like it never happened

Fingers crossed, I'm praying to bog this is the point where the downtrend ends and violently pumps for no discernable reason. We really could use a Bitcoin ETF right about now...  Actually looking like we are about to see capitulation to me. Maybe $5200 overnight... BTCs market cap is about to dip below $100 Billion. I hope the bulls might take hold soon...

[infofront]

What's the world cup?

[HairyMaclairy]

Wheeeee

[xhomerx10]

Well isn't that just fantastic... Looks like the doors have been opened to $5500 or less now. The psychological barrier at $6000 has been broken again. How much lower are we going to go?    

  We still have 30 minutes to go on the hourly - if it pops back over 6k before that, we can pretend like it never happened

Fingers crossed, I'm praying to bog this is the point where the downtrend ends and violently pumps for no discernable reason. We really could use a Bitcoin ETF right about now...  Actually looking like we are about to see capitulation to me. Maybe $5200 overnight... BTCs market cap is about to dip below $100 Billion. I hope the bulls might take hold soon...

 Wow... $5200 would mean a 15% drop on the day.  There seems to be a lot of selling pressure now.

 edit: screw this, I can't watch... I'm going to bed. 

[YourMother]

The most important invention since the birth of the internet, Bitcoin, is worth less than one fucking person... Jeff Bezos.

Uber is worth 70-80 billion and Bitcoin 100 billion. If you are unwilling to recognize the retarded discrepancies, then you deserve to be broke. This crash is fueled by a few big players and backed up by the clueless stampeding fools. Like with all the major Bitcoin crashes throughout the years