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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26405541 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. (174 posts by 3 users with 9 merit deleted.)
JayJuanGee
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August 21, 2018, 11:05:08 AM

JayJuanGee things

You don't seem to pay much attention to the absurd fraud known as the bitcoin market.  Let me show you an example.  Even though the two fools below REFUSE to admit the entire bitcoin market is controlled by a single entity operating on Bitfinex because they don't want people to think bitcoin is a fraud, they accidentally bring the subject up every now and then:

Hmmm talk on Twitter of a monster hidden buy wall on BFX @ $6300.  

I hope y’all are wearing a belt.  Maybe do it up a notch tighter just in case.

He's bought around 5k coins by now and is single-handedly holding up the price.

^This market activity they're talking about above IS that person.  It's ONE SINGLE fucking guy that controls the price of bitcoin ever since it was $200.  A market that's eternally controlled by a single person is the biggest scam on the fucking planet.  And yes, the scam involves the Bitfinx owners themselves and Tethers.  I'm the first person in bitcoin that has talked about this entity.  Later on, other people like this Bitfinexed guy and some Zerohedge stories also covered it such as below:

https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4

http://www.zerohedge.com/news/2017-08-06/mysterious-trader-nearly-unlimited-bankroll-said-be-manipulating-bitcoin-price

Yes.  If your stupid-assed conspiracy theory were true, namely:  the whole bitcoin market is controlled by one guy (or entity), then yes, bitcoin would be a scam.. but you are OFF of YOUR FUCKING rocker if you really believe that kind of non fact based pie in the sky bullshit.   Roll Eyes Roll Eyes
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August 21, 2018, 11:08:21 AM

JayJuanGee things

You don't seem to pay much attention to the absurd fraud known as the bitcoin market.  Let me show you an example.  Even though the two fools below REFUSE to admit the entire bitcoin market is controlled by a single entity operating on Bitfinex because they don't want people to think bitcoin is a fraud, they accidentally bring the subject up every now and then:

Hmmm talk on Twitter of a monster hidden buy wall on BFX @ $6300.  

I hope y’all are wearing a belt.  Maybe do it up a notch tighter just in case.

He's bought around 5k coins by now and is single-handedly holding up the price.

^This market activity they're talking about above IS that person.  It's ONE SINGLE fucking guy that controls the price of bitcoin ever since it was $200.  A market that's eternally controlled by a single person is the biggest scam on the fucking planet.  And yes, the scam involves the Bitfinx owners themselves and Tethers.  I'm the first person in bitcoin that has talked about this entity.  Later on, other people like this Bitfinexed guy and some Zerohedge stories also covered it such as below:

https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4

http://www.zerohedge.com/news/2017-08-06/mysterious-trader-nearly-unlimited-bankroll-said-be-manipulating-bitcoin-price

Yes.  If your stupid-assed conspiracy theory were true, namely:  the whole bitcoin market is controlled by one guy (or entity), then yes, bitcoin would be a scam.. but you are OFF of YOUR FUCKING rocker if you really believe that kind of non fact based pie in the sky bullshit.   Roll Eyes Roll Eyes

Except it is true, and all the people who have any skills in markets that lurk this forum know it.  That one guy with the poker gambling icon who is always posting charts refers to him as "the composite man" for instance. So there's definitely more people than me that have figured it out.  Then that Bitfinexed guy wrote an entire encyclopedia blog about him years after I had been talking about it.
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August 21, 2018, 11:16:34 AM

https://www.mail-archive.com/bitcoin-dev@lists.linuxfoundation.org/msg07362.html#

tl;dr Greg says meh re Friedenbach attack
Phil_S
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August 21, 2018, 11:23:07 AM

Twitter is buzzing about shorts... what's this all about?
Last of the V8s
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August 21, 2018, 11:30:50 AM

Twitter is buzzing about shorts... what's this all about?
https://datamish.com/d/000000004/btcusd?refresh=20s&orgId=1
12.8k net shorts just like in April
hopium-smoking bulls expect a big old short squeeze again
LFC_Bitcoin
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August 21, 2018, 11:32:47 AM



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August 21, 2018, 11:37:13 AM

Twitter is buzzing about shorts... what's this all about?
https://datamish.com/d/000000004/btcusd?refresh=20s&orgId=1
12.8k net shorts just like in April
hopium-smoking bulls expect a big old short squeeze again

Shorts are at a year-high, and shorts:longs is also almost at a high.
I.e. the market as a whole is betting heavily that BTC will fall.
However the 'wisdom of crowds' tends towards somewhat stupid, and 'the market exists to make fools of as many people as possible' (can't find a source for that quote but it's logically correct). When everyone thinks it's going down, the sellers have already made their moves and have run out of firepower.
So a short squeeze is not off the cards. However, as Max implies, if longs were at an all-time high the bulls would take that as bullish too. Smiley

Edit: found it. Bernard Baruch. "The main purpose of the stock market is to make fools of as many men as possible."
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August 21, 2018, 01:58:06 PM

"The main purpose of the stock market is to make fools of as many men as possible."

Preferably all at the same time.
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August 21, 2018, 02:11:16 PM

if it were true there was 1 (or a few) main manipulators, then it would follow they would want to move the opposite way to all the shorts (or longs)

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August 21, 2018, 02:33:19 PM

how r u meant to observe the walls if they r invisible Huh
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August 21, 2018, 02:36:36 PM

I stopped myself asking show me the invisible wall?   Smiley

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August 21, 2018, 02:38:30 PM

https://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=61CD5B55-EA3E-41F2-BB4B-3EEB7879131F#
Quote
The purpose of the hearing is to consider the energy efficiency of blockchain and similar technologies and the cybersecurity possibilities of such technologies for energy industry applications. In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications? In addition, how can we evaluate whether blockchain and similar approaches will soon improve the cybersecurity of computing systems used to supply our energy?
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August 21, 2018, 03:05:00 PM
Merited by RejectedBanana (1)


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Small-time guys leaving. OG's are not selling and/or are accumulating.
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August 21, 2018, 03:21:48 PM
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Own Bitcoin or other digital currencies, 2018.

Turkey: 18%
Romania: 12%
Poland: 11%
Spain: 10%
US: 8%
Austria: 8%
Germany: 8%
Italy: 8%
Australia: 7%
Netherlands: 7%
UK: 6%
France: 6%
Belgium: 5%
Luxembourg: 4%

https://think.ing.com/uploads/reports/ING_International_Survey_Mobile_Banking_2018.pdf
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August 21, 2018, 03:29:09 PM

if it were true there was 1 (or a few) main manipulators

If?  IF?  There is no if.  You need to be an extremely bad trader, completely clueless, or a combination of both to not have figured out the price is controlled by a single entity operating on Bitfinex by now if you do anything whatsoever in these markets.  A lot of you people are just dumb money hodlers, so I guess that's why most of you haven't seen it because you just buy some shitcoins from the ATM, drive home, then pass out on the couch eating cheetos and don't really interact with the market at all.  

Then again, you people are also completely clueless about lots of other obvious things when my average day is usually something like this:


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August 21, 2018, 04:13:27 PM

PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!
This was my main hurdle and concern in the very beginning.  No doubt there is manipulation, really super BIG entities, market makers, or however you'd like to call it. This is the reality of being involved with bitcoin at such early stages (wild west?)  But make no mistake, we are all here (market makers included) for the very real possibility that bitcoin will grow because of sound fundamentals,  and a growing desire/need for a sovern currency free of QE and inflation. If market makers didn't believe in any of this, they'd have left long ago on a pump, never to return.
I feel life's too short to not be part of this very rare opportunity and I'm content being among the big players who can move the markets. I will mitigate my risk by choosing not to trade on shady exchanges like bitfinex or simply not trading at all.
Those who are short term gambling the market or here just to make a buck are the ones targeted by the market makers. So in essence, if you've got time, HODL is likely the best option.
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August 21, 2018, 04:18:48 PM

Quote
In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications?
I would expect of the two crypto will suffer if it does not become more efficient.   Every free market favours the most efficient solution to reach the same point.   Bitcoin as part of its security goes out of its way to introduce this energy cost but I dont think thats feasible for regular simple use globally.   


https://i.imgur.com/MhI5NZt.jpg


Bullish peak in shorts relative to a price that is going sideways after leaving a negative channel, I think thats relatively bullish in an ironic way
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August 21, 2018, 04:23:31 PM

https://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=61CD5B55-EA3E-41F2-BB4B-3EEB7879131F#
Quote
The purpose of the hearing is to consider the energy efficiency of blockchain and similar technologies and the cybersecurity possibilities of such technologies for energy industry applications. In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications? In addition, how can we evaluate whether blockchain and similar approaches will soon improve the cybersecurity of computing systems used to supply our energy?

Boy, I wish I had a cushy govt job where I could get paid to just go to meetings and hearings and spout off a bunch of meaningless, irrelevant mumbo jumbo about things that I have no idea what I'm talking about.  Wink
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August 21, 2018, 04:49:30 PM

^lol Torque soo cynical
https://eosindex.io/projects/246-drugex
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DrugEx unites sellers and their customers through personalized data intelligence for an unprecedented drugs dealing experience. We are creating a more sustainable retail economy where drug dealers become stronger by working together and drug buyers get rewarded based on the value of their data that they fully own, control, and can share.
Wonder if the block producers will wear this.
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August 21, 2018, 05:12:25 PM

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind  Grin
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