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

[Torque]

Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16.


Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon

https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/

not yet

Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things.

The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin.

The 2013 bubble run ups happened almost exclusively due to the Chinese exchanges driving it, they had a super small market to work with, thin float (low liquidity), and massive amounts of leverage (X1000) going on at the time. That's why the volatility was so high. The massive leverage was the key, and a lot of that leverage was likely naked long/short. All fingers point to the Chinese exchange owners themselves and their super rich whale trader friends running the game. Who else could back that shit but the insider traders themselves?

Of course they had to have accounts on Mt. Gox and some other exchanges as well to help control things. But it's clear the game was largely over for the Chinese when the PBoC first shut down leverage, demanded transparent accounts and reporting, and then shut down the exchanges.

That kind of out of control volatility wouldn't happen the same today (without Bitcoin derivatives that is) because the Bitcoin market is so big now, so many exchanges now so the loss of control, and that kind of massive leverage just not available anymore.

[1679947199]

1679947199

[1679947199]

1679947199

[1679947199]

1679947199

[LFC_Bitcoin]

Forgot what this feels like.

Green dildos everywhere

[somac.]

Forgot what this feels like.

Green dildos everywhere

yeah bit of FOMO going on I think.

[bitserve]

Fine... but we are still poor.

[bitserve]

[LFC_Bitcoin]

Fine... but we are still poor.

Yeah nothing overly exciting but nice to be heading up regardless

[Last of the V8s]

You have to feel sorry for the bears
You have to feel sorry for the altcoin bagholders
You have to feel sorry for the blockchain-not-bitcoin types
You have to feel sorry for the weak hands
You have to feel sorry for the banks
You have to feel sorry for the socialists
You have to feel sorry for the democrats
You have nothing to feel sorry for.

[fragout]

A few hundred more and then a pullback to $8K + would be ok right now.

check .

Consolidate around here for 24 hours and away again would be ok right now

[Last of the V8s]

https://www.trustnodes.com/2018/07/24/bittrex-goes-fiat
https://support.bittrex.com/hc/en-us/articles/360004441491-Fiat-US-Dollar-Trading-Eligibility


https://www.youtube.com/watch?v=m3zvVGJrTP8
Hans Zimmer - No Time For Caution (Interstellar Soundtrack)(Docking)

bonus lol https://www.cryptoglobe.com/latest/2018/07/bitcoin-cash-bch-investors-may-suffer-largest-losses-in-crypto-history-due-to-low-hashrate-and-1-year-tax-benefits/

[El duderino_]

It looks like Bitcoin is doing a bit better, we have been down to the 5000s twice and bounced, and another time at 6400 and bounced. So, it does seem like that price area could be a (hopefully the) bottom. This last bounce seems a little different to me though then the previous 2, the reason I'm thinking it is different is the Yuan.

When I look back at the 2015/16 charts I wonder why did the price start going up at that time frame. I'm guessing because most of the panic sellers had left and only the true believers remained, also the upcoming halving, and a few other things. But, what sparked the interest from the new buyers? I'm thinking it might of been the devaluation in the Yuan that started substantially in 2015/16.

If this is the case, we could be seeing the same thing now. If you haven't been watching the value of Yuan lately it has been taking, somewhat of a dump, and during this time Bitcoin bottomed for a third time and is now back up to 8000.

Does anyone here think that Bitcoin is still having a large influence from the Chinese?

Nope not really

Nor the multiple other times it was debated



actually ever since 2013 bitcoin looks like this for me




Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16.


Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon

https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/

not yet

BULL's and ROLLERCOASTERS .     

[bitserve]

A few hundred more and then a pullback to $8K + would be ok right now.

check .

Consolidate around here for 24 hours and away again would be ok right now

Could live with it.

[Phil_S]

3m looks like 1w.

Fractals... 

[BTCHadzija]

[samson]

Seems a lot happier in here. Long may it continue.

Where are the $2000 - $4000 predictions now hey?

There's still plenty of time for that.

[bitserve]

Oh god! You are crazy man... Run, RUNNNN!!!!

[LFC_Bitcoin]

Seems a lot happier in here. Long may it continue.

Where are the $2000 - $4000 predictions now hey?

There's still plenty of time for that.

[xhomerx10]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

Thank you for the link. Extremely interesting.

North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate.

Can I invest in meth labs?

Grr. Be serious for a moment, dammit! This is potentially useful to a good number of us here. Boblawblaw? Where you at? I know you've got me on ignore, but this should be very interesting to you too.

 This could be an opportunity for a seasteading Bitcoinist.  Set up shop in an o-zone (numa numa) to build components for the steads.  Dodge some tax money, employ a few people who need it and help to build your new community in the equatorial zone.  Win win win.

[_javier_]

that happens to me.

Wife always asks.. why are you smiling?... rofl

(enough of the depressing bears.. lets go bulls)

[Hueristic]

None of the major alts have ever endured a full crypto winter.  Even ETH launched at the bottom of the crypto winter and was straight uphill from there. Undoubtedly this has been a learning experience for the Masters of the Altiverse.  

I'm not defending alts but this is just patently false.

Gentlemen, how confident (or not) are you that the bottom is in?

I thought it was pretty much agreed upon during the ling sideways @ 6500 a month ago. Or was that just in my mind?

Eth at 0.058 is looking a bit limp wristed.  

I think ethereum and the rest of the alts are going to be in a bear market for awhile and will not follow the Bitcoin rocket this time.

Not enough money to pump bitcoin and the alts. This is still a really weak rally on terrible volume, hence alts sell for BTC.

That institutional money is siting on the sidelines waiting, they have a lower tolerance for risk. Once it hits, then wamm I'm gonna win that ATH for the year.

July 31 Closing Price:
$8,000-$8,500

[Kylapoiss]

IMAGE

https://bitcointalk.org/index.php?topic=178336.msg42381847#msg42381847