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

[buyandhold]

We have the best bots.

[fabiorem]

Where are toxic's charts? I only see posts promoting Roger Ver in the last pages.

[buyandhold]

Hayes Khan and the Great Clawback of OKEx https://twitter.com/jarjarbinko/

[bitebits]

No I did not know..

[ivomm]

SEC Commissioner Hester Peirce interview for CNBC. She is trying to convince SEC to approve Bitcoin ETF. With her public dissent she became famous as crypto mom.   The question is if the staff and the other 3 members have the guts to approve VanEck/Solidx/CBOE ETF.  Provided that only big investors will make OTC deals, there is absolutely no reason or jurisdiction of SEC to say "no" again on the grounds of market manipulations. They can only procrastinate it to Feb 2019.

https://youtu.be/5sK5Z77FMyM?t=1201

[Paashaas]

After transaction spamming to make it look like it's still relevant, Bcash transactions are back below Dogecoin, Etherium Classic, and Litecoin.

Another pathetic attempt from Roger 

[cAPSLOCK]

After transaction spamming to make it look like it's still relevant, Bcash transactions are back below Dogecoin, Etherium Classic, and Litecoin.

Another pathetic attempt from Roger 

Or perhaps Jihan staging some sales.

[LFC_Bitcoin]

No I did not know..

Well you learn something new every day. If true, thanks for that.

Interesting.

[Karartma1]

Most of you must be on holiday and, I think, so should I.

Let BTC rest.  

No I did not know..

I did not know either, interesting though

[xhomerx10]

No I did not know..

Well you learn something new every day. If true, thanks for that.

Interesting.

 I'm not convinced there were sufficient bull or bear attacks in new york, london or tokyo for traders to make that comparison.  Bears are known to hibernate, bulls are known to charge... I'm thinking KISS.  Good story though; very entertaining.

[JayJuanGee]

Not to rain on your parade but $200 - $ 300 during course of 2015 implies $3500 - $5200 during the course of 2019.

That sort of long grinding fall should be sufficient to induce total capitulation.  


On the woeful insecurity of Reddit:

https://www.wired.com/story/reddit-hacked-thanks-to-woefully-insecure-two-factor-setup/

I was describing $200 to $300 as the range in which we bounced, once we got to the bottom in 2015 - but we did not know we were at the bottom nor when we were going to arrive there.  

Part of the point remains that we don't know where the bottom is exactly, and surely we do not know for sure whether bouncing in a 33% price range is going to play out again this time for a similar period of time in our current scenario.   My main assertion that bouncing around in about a 33% range is not really unusual, and your assertion that we may not have yet reached the bottom is a different and separate point - and I don't see how it is substantiated by the evidence, except for you and some other supposed bulls are giving a considerable amount of weight to a "further down" scenario based on looking at part of a past chart and projecting certain parts of history to repeat itself?

The range to which we drop at any point can also vary quite considerably because the way that the price jumped up from the $200s to $19,666 was drawn out quite longer (over two years) than the bounce up from below $100 to $1,163 (which had taken place over only a couple of months in late 2013).  Also, development in the crypto and bitcoin space, including the money dynamics of the various alts and ICOs can affect the space, including various instruments of financialization, the number of avenues for liquidation and the levels of attacks on bitcoin through forks, pumping of other projects and just financial institutional/governmental aspirations that bitcoin does not succeed.  

One could recognize that we have already been bouncing largely between $6k and $9k since early February, and so that would be about 6 months - and under the current market conditions there remains to compelling reason that additional BTC price correction is required before moving up... and maybe a further down would be too bearish... there could be some sense that six months here is long enough, but if we go down further, then that would be even longer drawn out than the 2014-2015 downturn, which is not really easily supported by the whole  crypto market dynamics - in other words, are ICOs and Alts getting shaken out this time around, or are they coming along for at least one more pump... .. I still believe the coming along for at least one more pump is the more likely scenario, which would thereby make a long and drawn out further down (at this time) to be the lesser likely scenario (maybe only slightly lesser likely, but still weighing in on the lesser likely direction).

Edit:  The $200-$300 bottom of 2014/15 lasted about 9 months.. Sure there were a few times in 2014 that BTC prices bounced in the $400s and also in the $600s.. but those periods were only a couple of months at most, and a couple of times, there were considerable expectation that BTC prices would be returning back up, but they did not.  Still seems kind of a coin toss whether this $6k to $9k area is the bottom or some area that is further down the charts.

[buyandhold]

https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/
FBG’s approach has three pillars: Invest like a venture capitalist in initial coin offerings (ICOs), trade on news and events by moving in and out of tokens rapidly and, critically, exploit insider relationships and marketing hype to ensure profitability. The firm’s rise speaks volumes about the anything-goes world of cryptocurrencies, where the stated ideals of democratization are a joke and being an insider is the surest path to riches.

[buyandhold]

https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.

[Wekkel]

https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.

One final attempt at $8,500-9,000 and then back to $6,xxx.

ETHUSD Looking more and more ugly BTW (get out while you can).

[mindrust]

Market dominance is about to hit %49 and to me Bitcoin's price is not bad even at this point after dropping from $20k.

Is there anybody who used this new lightning exchange on the testnet? When this thing gets adopted shitcoins will suffer to deth.

[JayJuanGee]

https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/
FBG’s approach has three pillars: Invest like a venture capitalist in initial coin offerings (ICOs), trade on news and events by moving in and out of tokens rapidly and, critically, exploit insider relationships and marketing hype to ensure profitability. The firm’s rise speaks volumes about the anything-goes world of cryptocurrencies, where the stated ideals of democratization are a joke and being an insider is the surest path to riches.

Sure people have to make a living, but does anyone really aspire to live like that?  Let's get rich by: 1) watching manipulation, 2) making quick moves because we know there is manipulation and 3) attempting our own no holds bar manipulation(s) (at least as much as we can get away with).

I understand that people do this, and want to live like this, yet personally, I would rather leave that ratt's race approach to others.... and to attempt to live in a more relaxed manner.

[xhomerx10]

https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/
FBG’s approach has three pillars: Invest like a venture capitalist in initial coin offerings (ICOs), trade on news and events by moving in and out of tokens rapidly and, critically, exploit insider relationships and marketing hype to ensure profitability. The firm’s rise speaks volumes about the anything-goes world of cryptocurrencies, where the stated ideals of democratization are a joke and being an insider is the surest path to riches.

Sure people have to make a living, but does anyone really aspire to live like that?  Let's get rich by: 1) watching manipulation, 2) making quick moves because we know there is manipulation and 3) attempting our own no holds bar manipulation(s) (at least as much as we can get away with).

I understand that people do this, and want to live like this, yet personally, I would rather leave that ratt's race approach to others.... and to attempt to live in a more relaxed manner.

 You reminded me of this four and a half minute short story Rat Race - A short film story by Steve Cutts.  It's worth the watch

[hv_]

how many people here understand this unix/linux joke?

I thought it was about the dev driven SW feeding to the miners last year.

 

[buyandhold]

how many people here understand this unix/linux joke?

I thought it was about the dev driven SW feeding to the miners last year.

 

[El duderino_]

https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.

One final attempt at $8,500-9,000 and then back to $6,xxx.

ETHUSD Looking more and more ugly BTW (get out while you can).

Why back 6xxx let iT push forward .... Thats the direction 
And like really all alts are looking ugly @the moment