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Question: When will we see a new ATH?
2023 - 38 (25.9%)
2024 - 57 (38.8%)
2025 - 39 (26.5%)
2026 - 3 (2%)
2027 - 2 (1.4%)
After 2027 - 3 (2%)
Never - 5 (3.4%)
Total Voters: 147

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25998509 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
Anon136
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August 03, 2018, 04:33:23 AM

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?
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realr0ach
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August 03, 2018, 04:40:43 AM

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.
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August 03, 2018, 04:41:40 AM

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.




That was awesome.
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August 03, 2018, 05:04:49 AM

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
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August 03, 2018, 05:19:52 AM

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.
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lose: unfind ... loose: untight


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August 03, 2018, 05:32:50 AM
Merited by Searing (1)

Another pathetic attempt from Roger  Kiss

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
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August 03, 2018, 05:38:02 AM
Last edit: August 03, 2018, 06:39:40 AM by 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


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August 03, 2018, 06:26:49 AM

HairyMaclairy
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August 03, 2018, 06:35:55 AM

Wtf Coinbase

hv_
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Clean Code and Scale


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August 03, 2018, 06:54:28 AM




BTC fee market ?  Champeign ?
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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August 03, 2018, 07:16:34 AM
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That is why bitcoin is going to succeed while the other pump shit is not going to succeed. 

Bitcoin's incentives are currently greatly aligned, and it is also set up for the future and incentives that will allow it to continue to build, and to be tweaked and to grown, including serving as the most sound of the moneys rather than just some shit that gets pumped and has no actual long term plan that will work in the real world.
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1/21000000 , the only math you need to know


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August 03, 2018, 07:23:16 AM

As the village resident leftie I thoroughly approve of welfare for commercial farming operations.

Agricultural subsidies are Making America Great Again.

/s

Without corn subsidies where would we get our deliciously healthy corn syrup?

Won't someone please think about Monsanto!

 Cry

get with the times

Bayer bought Monsanto and dropped the brand...poof
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We choose to go to the moon


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August 03, 2018, 07:32:59 AM

Wtf Coinbase

Message? What message?
vroom
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a Cray can run an endless loop in under 4 hours


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August 03, 2018, 07:33:41 AM


same here. All I see is a rocket Smiley
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August 03, 2018, 07:45:41 AM
Last edit: August 03, 2018, 08:28:55 AM by buyandhold

snipp
 All I see is a rocket Smiley

https://support.okex.com/hc/en-us/articles/360011941512
"Regarding the Forced Liquidation Incident on Jul 31, 2018

To reduce the market risks induced by this incident, the following actions will be executed:

    Injecting 2500 BTC from OKEx’s own capital pool into the insurance fund.
    During the settlement at 4pm August 3, 2018 (HKT), if any attempts of malicious manipulation of the settlement price are found, we will delay the settlement process for 10 minutes and manually adjust the price back into a reasonable level before delivery or settlement. The account which made the malicious attempt will be suspended immediately."


15 minutes till this goes into effect

bonus: "The client with user ID 2051247 initiated an unusually large long position order (4168515 contracts) at 2am on July 31 (HKT) and triggered our risk management alert system. Our risk management team immediately contacted the client, requesting the client several times to partially close the positions to reduce the overall market risks. However, the client refused to cooperate, which lead to our decision of freezing the client’s account to prevent further positions increasing 2. Shortly after this preemptive action, unfortunately, the BTC price tumbled, causing the liquidation of the account."
RivAngE
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August 03, 2018, 07:57:11 AM

I love this market ... it's full of exaggerations! First every shitcoin is pumped to moon levels just because someone publiced a whitepaper full of empty promises. Now every legit coin has been trampled under the groun along with the useless shitcoins.

This is what happens when there are very few real investors/traders and only greedy people who rush after quick wealth. Hopefuly the governments will manage to agree on fair regulations that will help secure the crypto-economy, which in turn will attract real investors.
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August 03, 2018, 08:56:54 AM




which should I wear today ??

but the poll does show 5-digits again so extremely bullish  Roll Eyes
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August 03, 2018, 09:00:08 AM

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

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.

It's a long game. My own best guess is the bottom comes in at $3k in 2019, but I would also be pleasantly surprised if it is higher.

I notice my own reactions this year are the same as in 2014, and I followed that far too closely.

By the time the bear market was over, many alts were down 99%, and BTC was a strong relative performer at -80%.

Of course I hope that each rally will be the beginning of the new uptrend,  but hope and reality don't often match.
buyandhold
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August 03, 2018, 09:01:53 AM

https://www.newsbtc.com/2018/08/02/monero-wallet-bug-sees-altex-exchange-suffer-major-loss/
What actually happened here?
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August 03, 2018, 09:13:20 AM
Merited by El duderino_ (1)

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