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

[Last of the V8s]

https://www.independent.co.uk/voices/bitcoin-ethereum-ripple-cryptocurrency-bros-market-decline-a8492991.html indy vague hitpiece

When bitcoin was booming, so were the crypto bros. Now it’s not going so well, they’ve gone quiet. More regulation might encourage a bit of restraint next time the market picks up – if it does. If cryptocurrency really is going to be the way of the future, it can’t be a market that only the privileged few can survive.

The Independent has launched its #FinalSay campaign to demand that voters are given a voice on the final Brexit deal.

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[doc12]

And V8 - What’s that, another shitcoin/shitfork? You gotta be kidding me?

I was not joking about this joke https://bitsonline.com/nchain-announces-bitcoin-sv-bch/

Bitcoin Cash (BCH) companies nChain and CoinGeek have announced the creation of “Bitcoin SV” — a new Bitcoin implementation that aims to prevent “unnecessary changes” to the original Satoshi Nakamoto protocol. However the move could further entrench current divisions within the BCH developer community, forcing miners to choose between different and soon-to-be incompatible versions of the full-node software.

BCH is such a shitshow, its getting "better" every day.  It looks like its a melting pot for the dumbes folkes from all other crypto communities and they all suffer from Dunning-Krueger really bad.

[mymenace]

Wow bcashers spinning up FUD lately, somethings in the making?

Take that for granted: Bcash will NEVER take Bitcoins position, never ever. And if you somehow manage to take it violently, Bitcoin will take your shitty Altcoin to the abyss.  No option for victory here, max. a Pyrrhic victory.

...~Bitcoin will take your shitty Altcoin to the abyss~...

^^^ This, a lion, ferocious

awesome

[sirsplashalot]

And V8 - What’s that, another shitcoin/shitfork? You gotta be kidding me?

I was not joking about this joke https://bitsonline.com/nchain-announces-bitcoin-sv-bch/

Bitcoin Cash (BCH) companies nChain and CoinGeek have announced the creation of “Bitcoin SV” — a new Bitcoin implementation that aims to prevent “unnecessary changes” to the original Satoshi Nakamoto protocol. However the move could further entrench current divisions within the BCH developer community, forcing miners to choose between different and soon-to-be incompatible versions of the full-node software.

BCH is such a shitshow, its getting "better" every day.  It looks like its a melting pot for the dumbes folkes from all other crypto communities and they all suffer from Dunning-Krueger really bad.

I see you've reached for the 'name calling precedent' in your argument.

A heavily played card in this debate.

[El duderino_]

thursday ......still sideways , hope to get more action this evening when i'm gonna see the equalizer looking forward
offcourse i nice PUMP during the movie is always welcome .... for those that still forgot to BUY THE DIP its time to do  

[withlove99]

BTC: predicted sideway transient range $6100 to $6800
Expected: 24-26 /08/2018 will reverse => decreased from $6700 / $6800 down


The BTC is expected to start in September. Specifically, from September 4 to June 6, bottom $5300 will be formed and reversed


What is the opinion of people?

[thisisntbic]

I see you've reached for the 'name calling precedent' in your argument.

A heavily played card in this debate.

Who? You and your butt buddies?

Can you at least put some effort in? It's not even entertaining anymore.



https://imgur.com/a/y50glpY

I drew lines, they look like they are going up. I'm a professional trader now according to this board

Not sure why everyone freaks out when it drops from $7k -> $6k. Unless you bought BTC in the last year and that is all you know, this is really, really boring movement.

[Last of the V8s]

who made this?

[HairyMaclairy]

I made dis

who made this?

[RejectedBanana]

Golden Cross Update

With the daily 200 MA @$8025 continuing to drop ~$45 a day and the 50 MA having bottomed out @$6720, simple extrapolation would the two crossing in another month or so, maybe mid to late Sept. No change from last month's forecast.

Maybe we'll get a false start and a mini set of crossings like we did in 2015 before it takes off again.

After that last golden cross in 2015, they didn't cross again for 2.5 years!

[Phil_S]

With the daily 200 MA @$8025 continuing to drop ~$45 a day

More like $25 a day and pretty soon it will slow down to maybe $10 a day.

No golden cross on the horizon...

[jojo69]

I don't miss any of these losers, but I do miss aminorex

Code:

list?

roombot?

really

[El duderino_]

Crypto’ Thriller Starring Kurt Russell in Post-Production

LOL nice 

[Raja_MBZ]

ROI of most ICOs = -80% to -100%

Most of these ICOs accepted (robbed) your precious BTC... LOL

[Asrael999]

Ah the benefits of having a centralised control structure, /s

Note how coingeek have moved to monopolise the squire mining 10nm Asics and will offer them initially to bcash miners only (presumably only for bcash and I guess Bitcoin SV by the time the miners are out that will be to.)
What do you reckon coingeek/bitmain are also financing Squire and have cut a deal so that bitmain get a look at someone else's idea of how a 10nm asic might work so they can get there's working finally.

Could it be that bcash has been manipulated lower so that Roger and Jihan can load up on even more before another attempt to pillage the market.

[Icygreen]

https://www.imdb.com/title/tt7215388/ https://youtu.be/oQGpdgV_ifI
An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you've never heard of.
Lots of parallels to crypto shenanigans

A good doco (well spotted) but you can't help the feeling of deja vu: 

Massive corporate fraud to rip off ordinary people and the ones who make the money don't give a shit and don't even think it's doing anything wrong.

It's just 'normal', nothing changes. Business as usual. No one goes to jail.

Yes depressing stuff, but I think bitcoin will eventually bring about an honest business climate again. Reputation will be everything, and con-men and idiots will have nowhere to go, except prison or the woodchipper.

The system lapped up the ICOs (and why not - free money) but they don't like Bicoin yet.  They will when they can fractionally reserve it.  Look further into ICE / Bakkt, they want to find a way. 

You do good research, V8.  When you get a moment, check this podcast on what ICE 'may' mean - it's worth a listen:

https://itunes.apple.com/us/podcast/why-ice-bakkt-news-makes-some-crypto-investors-nervous/id1347049808?i=1000417570519&mt=2

ICE wont be stopped by the SEC, they own the fucking NYSE (and 22 other exchanges). It might not all be good news they are looking to get into Bitcoin. 

And before you say 'Bitcoin can't be in a fractional reserve situation' think again.  Because it actually could. 

Um... Like I'll be accepting an IOU piece of paper to represent bitcoin. It was done on metals but I'm not so sure the people are that gullible for the same trick.  Its interesting to see how ICE wants a piece of the pie. They sure as hell wont send my money to anything crypto related as I found out a couple weeks ago while trying. Ha Bullish!

It already happens, though - when you short (as I am sure people here do on occasion), as you 'borrow' Bitcoin to sell.   The Exchange credits or debits accordingly - but the numbers are in a database, no coins are in your personal wallet under your private key.   It's not a big step for an institution to 'lend' coins it has custody over, or lend them twice and for these coins to have more than one owner.  Some exchanges have done this before and some probably still do.  Not all the people want all their bitcoins back at once, so there are always some spare in the cold wallet.

Yes, you or I will always want to have our coins under our own key.  It has always been essential for us to do so.

But other investors would probably rather not.  Institutions can just 'credit your account' with Bitcoin they do not actually have, as banks do with fiat all the time - thus increasing the supply of Bitcoin out there (on paper).  ICE and Bakkt will be custodians of people's coins (how nice of them) and the ability of them to 'use' the coins to make money by rehypothecating them will be part of their business model.

You may not be gullible, but if others accept paper custodianship, then Bitcoins can be rehypothecated and (more) Bitcoins will be bought and sold that do not exist.  ICE are big enough to do this in a much bigger way and the market for Bitcoin may well become just like all the other markets.

And there will be far, far more bitcoins being traded out there than actually exist.

Yet another example of a market for bitcoin that's NOT bitcoin. ETN's? https://www.newsbtc.com/2018/08/16/crypto-markets-rally-as-us-investors-get-exposure-to-bitcoin-etn/

[infofront]

Your not playing by the rules

Shall we play a game

[El duderino_]

24777

07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

another 1 fall of UPDATE   AND GOOD LUCK

[El duderino_]

12288

08/08/2018 infofront
10/08/2018 HairyMaclairy
15/08/2018 Phil_S
16/08/2018 Rosewater Foundation
17/08/2018 B1tUnl0ck3r
19/08/2018 Imbatman
21/08/2018 BitcoinBunny
27/08/2018 soullyG
28/08/2018 RealMachasm
29/08/2018 STT
04/09/2018 flynn
08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143

getting shorter as well  common bulls ,let one of the next be a lucky one               

[naturerock]

BTC: predicted sideway transient range $6100 to $6800
Expected: 24-26 /08/2018 will reverse => decreased from $6700 / $6800 down


The BTC is expected to start in September. Specifically, from September 4 to June 6, bottom $5300 will be formed and reversed


What is the opinion of people?

Good if you actually believe this nonsense go take out some short positions.