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

[HairyMaclairy]

Nothing to do with the ETF.  We are still cooling off from Dec 2017 and building towards 2020. 

[El duderino_]

If the drop were due to the ETF being delayed then shitcoins would not be dropping so much. Since it's BTC getting the ETF, not shitcoins.

The drops Will always be to shock the weak hands and trying to increase btc staches of the whales but they Will lose Many coins to the new players, hodlers and So ..... they Will always losing a few to my wallets and Thats fine by me    

[Speculatoross]

Go and share this in every shitcoin telegram group you are in.
(Than shame yourself, why you are in a shitcoin telegram group?)

[El duderino_]

Nothing to do with the ETF.  We are still cooling off from Dec 2017 and building towards 2020. 

Cooling of is maybe to much said i think there are already been enough coolings not??

[Last of the V8s]

anybody heard of XYO?

yes, yes, I'm sure it is a pile of shit, but why?  I got a friend I want to save.

1. ICO
2. Charlie Shrem
3. https://www.reddit.com/r/Buttcoin/comments/8d9yb1/xyo_network/
4. https://bitcointalk.org/index.php?topic=4113808.0
5. https://www.youtube.com/watch?v=5_Hy9SczwSg
6. limp-wristed talk in whitepaper - experiment, might, could, not every consumer, niche
7. a security - jail for founders incoming
8. no use case for token
9. no usp - there is competition with big backers (not telling which lol)
10. the market right now
11. ETH based
12. is not bitcoin

[Last of the V8s]

13. it's not on Binance
lolwtf CZ listing all the shitcoins as if there is any difference between turds

[Last of the V8s]

'just in case bitcoin fails' - ship has sailed newsflash

[Last of the V8s]

So now what?
short squeeze soon
dump Sunday pm
more dump Mon am

too many people talking about 5k plus - the whales can hear you and take it lower

omg halp me am in terribru pain can't bear it any more lost errything seld testical ma familie starv work Macudonarudo

[BTCMILLIONAIRE]

If the drop were due to the ETF being delayed then shitcoins would not be dropping so much. Since it's BTC getting the ETF, not shitcoins.

Shitcoins have no fiat pairing. So if Bitcoin bleeds they bleed by default. The apparent fiat bleeding for shitcoins triggers people to flee the shitcoin markets to get out into BTC, fiat and/or stable shitcoins, which causes further collapse. Then once BTC starts climbing again, more shitcoin FOMO money flows into BTC, which is yet a third cause for shitcoins to collapse. There are as always exceptions, but they are manipulated, hyped, or just the ultra-rare coin that happens to have delivered something.

After this scenario we'll get to what the goose has claimed, namely the bull-run leading up to 2020 or whatever new current year.

[ivomm]

Another difficulty increase today. Between 7 and 11%, I am not sure how exactly, sites report differently. Somewhere I read that bitmain tests with new chips failed, so he will continue to sell s9's. But who will buy them? Even with 0.03$ electricity, there is rent and other costs. The profit is below 1$ per asic now if there is any at all. This of course will put the ROI at the very distant future. If the saying that price follows hashrate is true, we might expect some sick pump later this year. 

[El duderino_]

https://www.ccn.com/game-over-for-bitcoin-claims-bearish-technical-analyst/

and the fuckers jumping right up on it (advice of shorting BTC right now)      ...... just want BTC to punch them all in the face as in right now .....

[HairyMaclairy]

Oooh that’s nice and bearish. Maybe the bottom is close after all.

[Elwar]

I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.

This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.

The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.

We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.

[BTCMILLIONAIRE]

Oooh that’s nice and bearish. Maybe the bottom is close after all.

Was about to say, time to take out another mortgage.

I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.

This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.

The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.

We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.

Isn't the average user generally just a follower? As much as I'm sure that there are some, I can't think of an example where the average user/consumer actually drives anything without being coerced to do so in one way or another.

[Elwar]

https://www.ccn.com/game-over-for-bitcoin-claims-bearish-technical-analyst/

and the fuckers jumping right up on it (advice of shorting BTC right now)      ...... just want BTC to punch them all in the face as in right now .....

Analysis by some Wall Street analyst that was on "awesome investor list" back in 2014.

If this guy is such a great investor, did he see the bitcoin price rise coming in 2014 when he was at the top of his game? Was he advising people with his analysis to buy bitcoin?

If not this guy's outlook on the future is shit.

[marcus_of_augustus]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Is that a real animal?

it looks like a juvenile of a species from the Galaxiidae family of freshwater fish ... native to NZ (and a few other s. hemisphere countries). Colloquially know as whitebait and considered a delicacy.

[HairyMaclairy]

Pop goes the weasel

[BTCMILLIONAIRE]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Is that a real animal?

it looks like a juvenile of a species from the Galaxiidae family of freshwater fish ... native to NZ (and a few other s. hemisphere countries). Colloquially know as whitebait and considered a delicacy.

Ah, I've had whitebait before in Japan, although those were much much smaller which threw me off. Either that or the scale in the background is not 0.5 cm per square like I'm used to. Or perhaps NZ whitebait is overall larger the ones in Japan, or Japan uses them even younger. Uhh.

[El duderino_]

Oooh that’s nice and bearish. Maybe the bottom is close after all.

probably with that kind of articles

[Torque]

Go and share this in every shitcoin telegram group you are in.
(Than shame yourself, why you are in a shitcoin telegram group?)

Funny how the payment is made in Bitcoin and not in other shitcoins. I guess Bitcoin is the thing that is valuable, eh?