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

[OROBTC]

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)

I could see this coming from a mile away because bitcoin is just a derivative of the dollar.  When browsing random crap on Amazon lately, I noticed that every single manufacturer of several products were all having to slash prices big in order to try and move anything, indicating the mainstream consumer is completely tapped out and we're tilting back towards deflationary collapse again.  Also, places like Bank of America just added a $10 a month fee just to have a checking account there, indicating banks are losing money and desperate too.  

So yea, probably get ready for the next 2008 soon.  Contrary to random noob's opinions on this forum, bitcoin cannot be pump and dumped in the middle of a deflationary collapse since all it is is a dollar derivative, while also being a high risk asset and miles away from the base of Exter's Pyramid.

HODLing crypto and gold seems to be the right answer.

Diversification and all.

NO ONE knows what the future will bring.  Hedge accordingly.

What if we live in a inverse Exter 's pyramid time? I think you are mistaking this one Roach. In the run up to the crisis, yes BTC will suffer. But then it will inverse, just as precious ones... .

[1675880233]

1675880233

[Torque]

The bastards spiked his crank with glucose or some such evil concoction. His body just couldn't take it.

Or just Occam's Razor, that he knowingly took some questionable shit or overdosed and ended up in a hospital.

But of course we'll never fully know the truth. He'll spin this as sabotage/assassination attempt to further his mystique.

"Never let a good crisis go to waste."

[Last of the V8s]

Executive Order Shitcoin

[xhomerx10]

Oh my god!  Bitcoin is down, McAfee is down, the feathers of very young birds is also down... what is happening?!

You didn't buy enough dips.

 All right you shamed me into it!  Buying another dip.

[Hueristic]

[edited out]

Now this "pretentiousness phenomenon" almost made it to the TBDR level.

I am glad that you stuck it out, because I did not in no way attempt to use BIG words in order to attempt to marvel anyone nor to "put on airs."

Ha, I do enjoy your posts and was just ball busting. I enjoy shelby's posts as well, It's too tough to be humorous online these days I wonder if there is a big word for that?  

I'm going to check into that this weekend. Sounds interesting.

I think here's more: https://medium.com/@coop__soup/00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a-cd4b67d446be

Thx as well sent me off to another rabbit hole. Need more hours in the day!

So I just watched Queen of the south and they were doing a deal in BTC, Monero or Eth. This stuff is really getting mainstream but not in the best light. I'd like to see a show where the disenfranchised gets the food they need through Crypto backdoor channels but we won't be seeing that in the narrative for awhile.

Appears as though the bears decided to test the low 6000s again. Unfortunately, the reaction from support does not appear anywhere near as strong as the last time this range was tested. I have a hunch that the 6000 is not going to hold this time. However, with the way this market is going, a huge green candle on the 15 minute could be just around the corner.

Yeah, correctly calling this market now is in magic territory, there is no science for it except for those that control it.

AND GODDAMN WTF with this market! I really thought we had a bottom there this shit just won't stop. I really thought that sideways with the bart head peeking up was the floor.

[Rosewater Foundation]

Oh my god!  Bitcoin is down, McAfee is down, the feathers of very young birds is also down... what is happening?!

You didn't buy enough dips.

 All right you shamed me into it!  Buying another dip.

I really hope that is disposable income. 

[FractalUniverse]

AND GODDAMN WTF with this market! I really thought we had a bottom there this shit just won't stop. I really thought that sideways with the bart head peeking up was the floor.

unfortunately it looks like they are going after some juicy margin calls. or at least sizable stops below 6k   

but lets be positive> its constantly bringing us opportunities to buy new bottoms. (dips)  

[Hueristic]

Executive Order Shitcoin

LOL

Lol already lost it's immutability. One mutable piece of shit centralized coin (EOS) trying to replace another piece of shit centralized coin (ETH).

This shit just gets better every year.

[Last of the V8s]

straight into oil today (@iSovereign)

[mindrust]

Wow what a disgusting day today was. Let's hope at least 6k holds.

[xhomerx10]

Oh my god!  Bitcoin is down, McAfee is down, the feathers of very young birds is also down... what is happening?!

You didn't buy enough dips.

 All right you shamed me into it!  Buying another dip.

I really hope that is disposable income. 

 Not disposable per se but I had some US currency on an exchange that I was unable to withdraw so I just converted it to Bitcoin which I can withdraw.  It had to be done sooner or later.

[Ludwig Von]

The bastards spiked his crank with glucose or some such evil concoction. His body just couldn't take it.

Or just Occam's Razor, that he knowingly took some questionable shit or overdosed and ended up in a hospital.

But of course we'll never fully know the truth. He'll spin this as sabotage/assassination attempt to further his mystique.

"Never let a good crisis go to waste."

For some or another reason, I suspect him to be our "Bottom upholder".  

[Searing]

Creditors normally means businesses owed something. Users come much further down and get nothing. Heres to hoping.

all of those debts have long been met completely. this is the leftovers. it otherwise would've gone straight back to mark karpeles.

It will be in fiat...sorry guys.....they don't have a clue on how to return it as BTC to the people who need it back from the mt. gox crash

if they shoot 1.4 billion in USD  equiv of BTC in fiat...before the end of the year say..we may be looking at 3k BTC or lower


as to me, I think now everything is a 'bubble' so will just HODL my btc and live off my alts (as the plan off alts for next 3 years till 66 and take traditional retirement plan and soc sec)

does not seem prudent to cash out crypto (BTC) now and lose 50% from ATH to just put it in fiat and stocks and traditional investments for the coming (whopper) of a

recession I expect (40%) dump, (I mean Trump and other USA mess ups)....thus just gonna ride it all down the next 3 years and hope that IF/when we have a recession in

the USA, BTC, and crypto will act like gold and at least go sideways and or up as a store of value

well, chump to champ, I'll (we) will be the first to know if HODL is tulip farming or HODL is unicorn ranching

later

brad

Well...THANKFULLY...I seem to be DEAD WRONG on the above, if various articles are correct and BTC from the mt. gox bankruptcy will be given out as BTC in 2019.

IMHO, that would mean 'more' folk would HODL on any BTC that gets returned, and will thus have less of an effect on driving BTC price into the dirt, etc, etc.

here is the link

https://cointelegraph.com/news/mt-gox-crypto-exchange-begins-civil-rehabilitation-proceedings-ends-bitcoin-sell-offs

Still, getting a bit of mixed messages on this, but the combo of no more BTC dumping until 2019 for USD and perhaps when BTC is moved, it is to the mt. gox

folk direct and even it they do sell the BTC, it would be likely in a more gradual manner. Again, I think most folk would be 'thrilled' to get back BTC and would

just go to HODL mode, but maybe that is just me....and my guess.

Anyway, as always, love to be wrong....now if I can just be wrong about this 'bear market' continuing into 2019...as well

brad

[JayJuanGee]

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.

You got me, jbreher.

I got's nothing more, and needs my selfie a bit of a nap.  I will get back at you after I am recuperated from your overwhelming magnetism.  hahahahahaha

[vroom]

we need more bottom pictures to make this stop.

[JayJuanGee]

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?

Dash is not bitcoin.

You seem to want to get into some kind of compare and contrast discussion of Dash.. .and to pump dash as if it is a kind of solution.

Sure if there is some kind of innovation that is worthy in Dash, then bitcoin absorb such innovation into itself.. but Dash is another beast that many argue to be very centralized in the way that nodes are compensated... In other words, why the fuck we need to pump dash in this thread, even if arguably it may have some kind of temporary solution (and likely a lot of other disadvantages too, but who  the fuck cares about DASH details because it is not topical, here?)


Edit:

[edited out]

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.

Oh Fuck... Torque beat me to it, seemingly with more accuracy and eloquence, too.  Fuck!

Edit 2:

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.

Admittedly, even Jbreher with his own eloquence, if you could call it that.  Fuck!

[JimboToronto]

A late good morning Bitcoinland.

I see we had a pretty good dip... currently $6175USD/$8225CAD (Bitcoinaverage).



I wish I had more spare cash on hand to take advantage of this. Oh well.

[RoomBot]

BTC at $6180

[LFC_Bitcoin]

$6248 on Stamp

Bottomed already?

[aaroque2003]

$6248 on Stamp

Bottomed already?

I was hoping $ 6001.00 at least... pray god my orders get fills..