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

[toknormal]

Sure.

Natural as a chocolate teapot.

Did you short on bitmex?

#Rekt

No. I'm long - always have been.

I just would like to be holding real value, not fake monopoly-money value that's all. And can be doing without this type of stuff which gives the enemies of bitcoin lots of ammo...

[jonoiv]

So...ya...this is all natural.

Sure.

Natural as a chocolate teapot.

The frist time teather's value dropped like this was around 22nd April 2017.  

So it's happened before.  it will probably happen again.   A run on the currency is to be expected, especally as it just broke out of the decending triangle, and looks conviningly like phase B of an elliot wave just begun.

[toknormal]

...especally as it just broke out of the decending triangle, and looks conviningly like phase B of an elliot wave just begun.

I wouldn't call it a "breakout" just yet.

1-week chart EMA fast-average is still diverging to the downside. Volume is steadily diminishing which could mean that selling is slowing - or could mean that demand is slowing and we've just seen the bulltrap prior to breaking down.

[Last of the V8s]

your own. full of doomy predictions and other rubbish

We just pumped.  You aren’t supposed to be grumpy.  I’m having a blast.  

Talk to the hand.


also: https://medium.com/s/story/men-explain-blockchain-to-me-6aab55c8f15f

[HairyMaclairy]

Talk to the hand.

[Last of the V8s]

which is exactly what they said days ago. but whales and Hairy saw a chance from all the fud and took it. 10% notbad.png

[jonoiv]

...especally as it just broke out of the decending triangle, and looks conviningly like phase B of an elliot wave just begun.

I wouldn't call it a "breakout" just yet.

1-week chart EMA fast-average is still diverging to the downside. Volume is steadily diminishing which could mean that selling is slowing - or could mean that demand is slowing and we've just seen the bulltrap prior to breaking down.

Still 55% of traders are still short.  Pleanty more to be squeezed, and short term bottom looks in.    50% retracement is holding so far.  If it holds and rises a couple of hundred higher from the current price, then it's looking good IMO. 

[xhomerx10]

what is there to scout...it's freaking ocean   ?

It's flat and wet, do I get a consulting fee?

 Aristotle would have begged to differ.

[HairyMaclairy]

molecular weight of al2o3

[Last of the V8s]

unrelatedly  

[anonymous3x]

My god finally started

[anonymous3x]

Bull run ?

[Globb0]

https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies

These servers were assembled for Elemental by Super Micro Computer Inc., a San Jose-based company (commonly known as Supermicro) that’s also one of the world’s biggest suppliers of server motherboards

No single evidence of those claims been presented though. #justsaying

I haven't done any research into this but here is more.

https://www.bloomberg.com/news/articles/2018-10-09/new-evidence-of-hacked-supermicro-hardware-found-in-u-s-telecom

I'm not sure what is going on ATM. Something weird is afoot.

https://www.servethehome.com/yossi-appleboum-disagrees-bloomberg-is-positioning-his-research-against-supermicro/

citing Yossi Appleboum CEO of Sepio Systems. Here is that story. I reached out to Mr. Appleboum for comment via telephone. Whereas the Bloomberg story singles out Supermicro servers, Mr. Appleboum’s sentiment is that this is an industrywide issue. Other very large server and networking manufacturers are certainly impacted, perhaps more so. He also stated that as an industry, or a society, we have two options: we go with the narrative that a US company, Supermicro, is the only one impacted as the Bloomberg reporting suggests, or we recognize that this is a persistent threat that impacts the entire hardware supply chain

FUD.

He is talking about a well known POTENTIAL attack vector. Still no evidence of the specific claims which, btw, don't make many sense:

1- Bloomberg initially pointed to supermicro servers and, specifically, a small microchip embedded into the board. Where is that microchip? Where is the research? Anything?
2- Then Appleboum says Bloomberg misquoted him because he never said anything specific (ie, Supermicro) but that it is a widespread problem.Well, again, where are their forensic evidence? Anything?
3- The description of the embedded chip doesn't make any sense. Of course, that is unsurprising when it comes to MSM but.... in this case it is not possible to check the facts from the technical sources because.... where is it? Anything?
4- I would certainly be greatly interested in knowing more about that spectacular microchip the size of a tiny SMC capacitor that features integrated cpu, ram, etc and is able to work and process at baseband frequencies. THAT is the evidence I would like to see, no matter if it has been used on a large scale attack or not.

Even though there is not evidence of this case, as I said it is a well known possible attack vector (usually by replacement in-situ or in the last stages on the supply chain not at manufacturing) and there are many countermeasures that are security best practices since many years: Isolated networks/segmentation, Data leak detection/prevention, etc....

It is way easier to implement this attacks by firmware modification though... Anyway, not going to completely shit over what they are saying because it is theoretical posible but until no specific evidence is shown I tag it as (plausible) FUD.

Even the stock hardware is full of secrets and holes, watch this video.....

https://www.youtube.com/watch?v=KrksBdWcZgQ&t=403s

[Rosewater Foundation]

I’m pretty relaxed about entry.

*Having nailed the sentiment of the world, Rosewater hands Hairy the sacred hammer*

get yer moon boots on lads

they are always on JUST IN CASE, never now when shit's gonna take off

There ain't no such thing as a free hat. This will end doomily. Wait for it.

[Last of the V8s]

There ain't no such thing as a free hat. This will end doomily. Wait for it.

[El duderino_]

How how my prediction 6.5/7K is Maybe coming true 

WTF i might be the next crypto wizard

[Rosewater Foundation]

How how my prediction 6.5/7K is Maybe coming true 

WTF i might be the next crypto wizard

I hit the emerald city once. Forgot to get off the bus. What can you do?

[Elwar]

So basically a whale or company that did not want to take the risk is pulling their money out of BFX the only way they can...through BTC.

Now that same risk adverse whale or company will want to convert back to their precious safe fiat currency on another exchange. Sure they lose money but have less risk. Which also drives the price down on that other exchange.

[Deeyoh]

Anyway.. a nice cool 100 million short wreckage on BitMex is always nice to see. LOL   Looks like BearMex is still in denial.  More rekt to come I'm sure.

[Phil_S]

Most people voted $6,500-$7,000 in the poll, and we're still below that... smh...