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

[HairyMaclairy]

not bad Hairy

not bad

Maybe I should follow my own advice when putting in a number for Mic’s competition.  I put $8,200 there and got cleaned out. 

[infofront]

I just noticed the poll is outdated. I guess everyone is too depressed to care.

[Anon136]

I just noticed the poll is outdated. I guess everyone is too depressed to care.

so much for my 9000-9500 guess

[bones261]

I just noticed the poll is outdated. I guess everyone is too depressed to care.

so much for my 9000-9500 guess

I was bearish. I think my guess was slightly too low. But spot on as of right now. 

[Icygreen]

I just noticed the poll is outdated. I guess everyone is too depressed to care.

I guessed 7k-7.5k,  not bad.  No depression round here, just waiting for the ball to stop bouncing and find a decisive bottom.  (or have we?)  
I think we haven't seen bottom yet but I'd be pleasantly surprised if we never see 5k again.

[infofront]

[realr0ach]

Even though the market has been completely rigged by the ESF with paper contracts that have no physical to back them up, it appears to me this chart shows that metals have already completely bottomed out sentiment-wise for the retail investor and are now beginning to bounce off that bottom:

[Anon136]

Even though the market has been completely rigged by the ESF with paper contracts that have no physical to back them up, it appears to me this chart shows that metals have already completely bottomed out sentiment-wise for the retail investor and are now beginning to bounce off that bottom:

My sentement for metals never wavered through all these long years of bear market up until very recently, as witnessed in one of my posts like a week ago. If that isn't a sign that the bottom is in I don't know what is.

I hope that same rule isn't true of bitcoin or we are going to <2000 gents.

[realr0ach]

Even though the market has been completely rigged by the ESF with paper contracts that have no physical to back them up, it appears to me this chart shows that metals have already completely bottomed out sentiment-wise for the retail investor and are now beginning to bounce off that bottom:

https://i.imgur.com/RYLcjC8.jpg

My sentement for metals never wavered through all these long years of bear market up until very recently, as witnessed in one of my posts like a week ago. If that isn't a sign that the bottom is in I don't know what is.

That's an extreme newbie mistake.  They locked silver into a long, drawn out channel to try and cap the price, then the wedge on it begin to close.  It was 100% obvious the ESF Jews would attempt to force the wedge to break down off that closing wedge.  There is no "which way is the wedge going to close???".  The ESF is ALWAYS going to attempt to force the wedge down.  

The ESF Jews have no actual skin in the game with their actions, so even if it's impossible for their artificial wedge break down to hold, they're going to try it anyway.  In other words, they're just shoveling free money at you with a buying opportunity anytime they try and cause a breakdown in price when it obviously already had a strong support (plus already around cost of production anyway).

This is how all scam markets are that are rigged by Jewish money changers.  In all scam markets (aka casinos that are designed for the house to try and extort people), you always see the price do something like go sideways in a straight line, then it just implodes for no reason from them forcing it to try and shake out longs, then it goes up right after the implosion for no reason.  You see this shit in bitcoin every single day because just like paper metals, bitcoin is a completely fake market.  

If anyone remembers "Lambchop" back in the day, it was retardedly obvious he was a Jew shill simply by the fact he made statements like "you're not going to beat the casino".  That was him letting it slip that these markets like bitcoin are completely fake and the only reason they exist is for the house to take a cut by scamming you just like a regular casino.  The bright side is that you can avoid all the Jew scams simply by refusing to touch their paper metals or digital shitcoin markets and only settling for physical metal.  With bitcoin, bitcoins don't even exist except in people's imagination, so the whole thing is 100% guaranteed to be an eternal, paper derivatives jew scam.

[jojo69]

Breaking...

superlative

really outstanding content

[Anon136]

That's an extreme newbie mistake.  They locked silver into a long, drawn out channel to try and cap the price, then the wedge on it begin to close.  It was 100% obvious the ESF Jews would attempt to force the wedge to break down off that closing wedge.  There is no "which way is the wedge going to close???".  The ESF is ALWAYS going to attempt to force the wedge down.  

The ESF Jews have no actual skin in the game with their actions, so even if it's impossible for their artificial wedge break down to hold, they're going to try it anyway.  In other words, they're just shoveling free money at you with a buying opportunity anytime they try and cause a breakdown in price when it obviously already had a strong support (plus already around cost of production anyway).

This is how all scam markets are that are rigged by Jewish money changers.  In all scam markets (aka casinos that are designed for the house to try and extort people), you always see the price do something like go sideways in a straight line, then it just implodes for no reason from them forcing it to try and shake out longs, then it goes up right after the implosion for no reason.  You see this shit in bitcoin every single day.  It's not a real market; it's entirely a casino gulag scam, just like the paper metals markets.

The bright side is that you can avoid all the Jew scams simply by refusing to touch their paper metals markets, while in bitcoin, bitcoins don't even exist except in people's imagination, so the whole thing is going to be one eternal, paper derivatives jew scam.

Ok but what if it never ends? What if they can keep suppressing it forever? Normally that wouldn't be possible and I understand the mechanism by which it is impossible but monetary metals are a griffin good. In a normal market the demand would increase as the price falls but with a giriffin good it tends to be the case that demand falls with the price. So the more they hammer the price the less people work to hold them to account for their actions. It's the only reason they have been able to get away with this at all for as long as they have but also it isn't clear that it will ever, necessarily, end.

[mymenace]

It was the best, no one here cared who won, but it has been funny

The trolls have been outstanding, brilliant, funny, hilarious.

The World's Greatest Troll: the Humor of Donald Trump

https://www.youtube.com/watch?v=fzkBfTfiXS0&feature=youtu.be

[realr0ach]

That's an extreme newbie mistake.  They locked silver into a long, drawn out channel to try and cap the price, then the wedge on it begin to close.  It was 100% obvious the ESF Jews would attempt to force the wedge to break down off that closing wedge.  There is no "which way is the wedge going to close???".  The ESF is ALWAYS going to attempt to force the wedge down.  

The ESF Jews have no actual skin in the game with their actions, so even if it's impossible for their artificial wedge break down to hold, they're going to try it anyway.  In other words, they're just shoveling free money at you with a buying opportunity anytime they try and cause a breakdown in price when it obviously already had a strong support (plus already around cost of production anyway).

This is how all scam markets are that are rigged by Jewish money changers.  In all scam markets (aka casinos that are designed for the house to try and extort people), you always see the price do something like go sideways in a straight line, then it just implodes for no reason from them forcing it to try and shake out longs, then it goes up right after the implosion for no reason.  You see this shit in bitcoin every single day because just like paper metals, bitcoin is a completely fake market.  

If anyone remembers "Lambchop" back in the day, it was retardedly obvious he was a Jew shill simply by the fact he made statements like "you're not going to beat the casino".  That was him letting it slip that these markets like bitcoin are completely fake and the only reason they exist is for the house to take a cut by scamming you just like a regular casino.  The bright side is that you can avoid all the Jew scams simply by refusing to touch their paper metals or digital shitcoin markets and only settling for physical metal.  With bitcoin, bitcoins don't even exist except in people's imagination, so the whole thing is 100% guaranteed to be an eternal, paper derivatives jew scam.

Ok but what if it never ends? What if they can keep suppressing it forever? Normally that wouldn't be possible and I understand the mechanism by which it is impossible but monetary metals are a griffin good. In a normal market the demand would increase as the price falls but with a giriffin good it tends to be the case that demand falls with the price. So the more they hammer the price the less people work to hold them to account for their actions. It's the only reason they have been able to get away with this at all for as long as they have but also it isn't clear that it will ever, necessarily, end.

This is not even true.  ONLY in the west is this the case.  The west became fat and happy, and thus stupid.  The natural selection pressures for people to seek out and grasp any opportunity available disappeared because they always have something else to fall back on.  In the east, places like China and India have been buying the silver and gold bottom.  They're a bunch of slumdog millionaires with lower living standard who are more hungry to become rich, so they more actively seek out opportunity to make it happen.  

Silver and gold are not a griffin good in the east.  It's only a griffin good in the west because it doesn't actually hit people's radar until the price goes up because they're mostly comfortable with what they already have. This is why a lot of the people who bought the bitcoin bottom at $200 are lower class, broke people like Ibian and JayJuanGee.  Conversely, the rich people who were buying the $200 bitcoin bottom are the psychopaths that are not satisfied with anything except trying to gain more and more power over others.

[Anon136]

This is not even true.  ONLY in the west is this the case.  The west became fat and happy, and thus stupid.  The natural selection pressures for people to seek out and grasp any opportunity available disappeared because they always have something else to fall back on.  In the east, places like China and India have been buying the silver and gold bottom.  They're a bunch of slumdog millionaires with lower living standard who are more hungry to become rich, so they more actively seek out opportunity to make it happen.  Silver and gold are not a griffin good in the east.  It's only a griffin good in the west because it doesn't actually hit people's radar until the price goes up because they're mostly comfortable with what they already have.

Ok I buy that with regard to India. But Chinese investors have shown a propensity to look at investing purely as an exercise in chasing up already rising assets. They have blown a housing bubble that makes ours from 2007 look like child's play. They have entire ghost cities because investors continue to buy condos even though they have like a decade worth of unused inventory to be filled. They are only buying condos because the prices are rising and the only reason the market doesn't crash is because of their single minded determination to ignore any fundamental analysis in favor of apparently limitless trust in greater fools. They are also largely responsible for the volatility that gives bitcoin such a bad reputation. When ever we start to see even a small rise they pile in and send it into an unsustainable vertical spike. That is the mentality of the Chinese investor. And you are saying they are the ones that treat gold as if it is not a griffin good? Please explain what what I am missing here.

Where is the "I'm always wrong so I give up" option?

[realr0ach]

They are also largely responsible for the volatility that gives bitcoin such a bad reputation.

I'm 100% certain after watching bots for hundreds of hours that the ENTIRE bitcoin price is controlled by a single entity operating on Bitfinex since the price was $200.  The identity of this entity can only be one of three possibilities:

1)  Chinese mining cartel/Bitmain colluding to rig price via a single market maker set of bots

2)  A TBTF banking entity like Goldman Sachs

3)  The ESF

That is the ONLY thing that controls the price of bitcoin, one of those 3 options.  It's a 100% completely rigged, non-aggregate market casino moved by a single keyboard.  This is the epitome of a fraud market.  It's even worse than the paper metals market.

[Anon136]

They are also largely responsible for the volatility that gives bitcoin such a bad reputation.

I'm 100% certain after watching bots for hundreds of hours that the ENTIRE bitcoin price is controlled by a single entity operating on Bitfinex since the price was $200.  The identity of this entity can only be one of three possibilities:

1)  Chinese mining cartel/Bitmain colluding to rig price via a single market maker set of bots

2)  A TBTF banking entity like Goldman Sachs

3)  The ESF

That is the ONLY thing that controls the price of bitcoin, one of those 3 options.  It's a 100% completely rigged, non-aggregate market casino moved by a single hand.

Ok ok ok then what about the rest of my comment. Ignore the stuff about bitcoin.

https://www.youtube.com/watch?v=fzkBfTfiXS0&feature=youtu.be

That was awesome.

[realr0ach]

Ok ok ok then what about the rest of my comment. Ignore the stuff about bitcoin.

Chinese are a homogenous civilization with sayings like "bend like the grass" (paraphrased).  In context it means conform to so and so to avoid having the govt kill you, so they're just more herd mentality in general.  In America, if someone says, "hey, your neighbor is doing so and so".  Well, I don't really care what my neighbor is doing.  In China, they're more likely to emulate that behavior.  Hence Chinese investment herd mentality.  They're all either going to win or go off the cliff together.

So this segues into the million dollar question.  Having both an enormous population and enormous herd mentality, China should technically be capable of creating the world's most destructive economic bubble, leveling everything in it's path.  On the other hand, the west has the world's most evil cult of liars, murderers, and thieves (the jews).  So the big question is, which one of these two metaphorical grenades is going to be the big one that brings everything down:  Chinese herd mentality or Jewish Ponzi scams.

[Anon136]

Ok ok ok then what about the rest of my comment. Ignore the stuff about bitcoin.

Chinese are a homogenous civilization with sayings like "bend like the grass" (paraphrased).  In context it means conform to so and so to avoid having the govt kill you, so they're just more herd mentality in general.  In America, if someone says, "hey, your neighbor is doing so and so".  Well, I don't really care what my neighbor is doing.  In China, they're more likely to emulate that behavior.  Hence Chinese investment herd mentality.  They're all either going to win or go off the cliff together.

So this segues into the million dollar question.  Having both an enormous population and enormous herd mentality, China should technically be capable of creating the world's most destructive economic bubble, leveling everything in it's path.  On the other hand, the west has the world's most evil cult of liars, murderers, and thieves (the jews).  So the big question is, which one of these two metaphorical grenades is going to be the big one that brings everything down:  Chinese herd mentality or Jewish Ponzi scams.

Woah. We got way off track. We were talking about whether or not the Chinese treat precious metals as a griffin good or not. I suggested that they would have an even greater propencity to do so because of their, as you put it, herd mentality.

[jbreher]

Another pathetic attempt from Roger 

https://i.imgur.com/zQ2a09b.png

Or perhaps Jihan staging some sales.

Or maybe, you know, it was the much-vaunted 'hordes of unwilling hodlers' who all shot their wad immediately upon expiration of the mandatory one-year interval for long-term capital gains on their fork proceeds.

IOW, ho-hum.

[HairyMaclairy]

Prediction:   Price to bounce off EMA

Bonus prediction:   If it gets as high as the resistance line it will bounce straight back down again.

Bonus plus prediction:  price will remain in channel between EMA and downward resistance until at least the end of the weekend