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

[JayJuanGee]

The next 24 hours are critical as always. If we keep the momentum, a breakout above 4K  is possible. This will comfirm that we are in a bull market. Longs are pretty high and shorts are low. The support down to $3K is double than the previous 2 weeks - in BFX went from 6K to 11.2K BTC. We didn't have a rise this week, so a breakout is more probable than a long squeeze.  We shall see.

OK, I don't want to brag with my trading skills, but this was a precise hit! Btw, I always like to watch BFX price - it is more bullish than Bearstamp. And we just broke 4K on BFX!!!

They're always $100+ aren't they fake news and a risky exchange to use?

Of course they are risky. I trust only kraken and CB for fiat withrawals. But the fact is that BFX starts almost all pumps and it is more fun to watch than the dull Bearstamp.

We don't watch Bitstamp because of the "fun" or the "no fun," but instead for a desire to attempt to stay in the real world rather than in fantasylandia.

I mean if the rate is real and you can actualy sell BTC at that price why it's a fantasy?

Because you can't sell it for REAL USD that you can properly withdraw to your bank account.

Largely, Bitstamp has been the industry Bitcoin price barometer since about 2013 - and likely it was GOX before that (even though GOX had shenanigans going on during that time frame that became more apparent in early 2014).  Of course, over the years, there has been some efforts to use other exchanges as BTC price barometers, such as chinese exchanges and specifically bitfinex and some indexes, but bitstamp has remained dominant in its bitcoin price barometerability.

At some point, this could change, and surely having an index of exchanges could be a better reflection or bitstamp could fall from its grace due to changes that sometimes could occur as a result of changes in ownership.. and so far, I don't see any reason to dethrone bitstamp from its btc price barometer status.

Yes, prices are real on various other exchanges in the sense that you can exchange at those deviant from bitstamp rates and sometimes you might be able to foresee some short term BTC price movement from other exchanges and also comparing their prices to bitstamp including extent to which they are deviating... yet none of the attempts to engage in cave allegory practices takes away from seeming bitstamp's ongoing ability to serve as a more reliable and reality based BTC price and price direction indicator.

[infofront]

This is the highest I have ever seen since I first saw Hairy post this thing.

Be fearful when others are greedy, etc.

[El duderino_]

Go BTC! GO! GO!!!

Here another brother in HAT

Hat’s Of to XhomerX again

Mic what do you think about the market situation?

Very wrong dude to Ask that complex question to......

I’m just a modest Hodler that only accumulate and try to increase when possible

Only have the long term market outcome @my mind

I knew this, but I am curious to know your mood about reaching the price of an BTC in 4000 dollars.

mood doesn't really change that much, just green is better then red

[JayJuanGee]

Sunglasses would look nice on this avatar.. even though maybe a bit difficult to see... like those sunglasses in sample 3.

Yes, I think they would match Rocket.

 Like this?



Avatar-sized

Personally, I like the "with sunglasses" better, but I might be a minority in terms of my aesthetics.

Of course, choice would be for StartupAnalyst ... and only a few more points away... 

+1 WO`s Merit. I thank you for taking part in creating the perfect hat for me.
  In sunglasses he looks much more attractive.

. .exactly attractive, and you cannot see the bags under his eyes, too.  hahahahaha.  Therefore, looks tougher.

[goldkingcoiner]

Thats a nice hat you got there friendo

Congratz on the hat and rank

Can we have a moment of silence (no posts for 60 seconds please kind sirs) in honor of Gembitz and Roach, two fallen bears who gave all they had to a lost cause, only to be liquidated in shame  as their tiny amounts of money were redistributed to wise and noble bulls. 

THIS IS BITCOIN COUNTRY!

They should feel honored that Karhu accepted their blood as a worthy sacrifice.

Who? Give me a pamphlet and a cup of kool aid and Im in.

[Dabs]

................
I used the brown color for its likeness to human feces. Or bovine feces, more appropriately.

Thanks for the kind words for having a simple opinion.  Shows your true character,  adios.

You're either a troll or a retard. Either way, you can GTFO.

Probably both.

[bitcoinPsycho]

@jjg. Don't take this the  Wrong way but ive found you a new avatar

[Last of the V8s]

https://www.federalregister.gov/documents/2019/02/20/2019-02732/self-regulatory-organizations-proposed-rule-changes-cboe-bzx-exchange-inc

an early glimpse at the next round of etf blahblah

[JayJuanGee]

Analyst Mati Greenspan from eToro points to a positive correlation between popular cryptocurrencies and BTC. In some cases, the coefficient reaches 0.8, which is a lot. From this it follows that the bearish trend is still not in a hurry to end.

I am currently thinking that this particular price spike could get into the close to $5k arena, and still NOT be out of the range of threatening new bottoms.  Of course, the longer that BTC prices stay above $3,500, the more difficult it is going to become to make a lower low.  Would not be unreasonable to take a month or two before seeing a spike in one direction or another.. even if we might end up getting some ongoing gradual movement up to $5k-ish in the shorter term.

And, yes some of the attempt at analysis from that chart shows that various alt coins pursuers have not been demoralized.  I remain unsure about whether a demoralization needs to be a condition precedent before BTC prices could move up, but I do understand that certain signs that demoralization seems insufficient in various shitty (little to no value) alt projects is going to continue to create a decent amount of incentive for bearwhales to attempt to wring out a bit more of that value.. whether such bearwhales will be successful or not at wringing out shit value still remains to be seen in the coming months - and perhaps longer.

[Last of the V8s]

https://twitter.com/CryptoScamHub/status/1097713441454735360

The Epic Battle for Sound Money featuring Bitcoiners & Friends ⚔️💰 @adam3us @Excellion @giacomozucco @WhalePanda @TraceMayer @TuurDemeester @starkness @nvk @peterktodd @fluffypony @ToneVays @saifedean @BitcoinErrorLog @jimmysong @SatoshiLite @LeahWald @maxkeiser

[Toxic2040]

They should feel honored that Karhu accepted their blood as a worthy sacrifice.

"Hear me and rejoice!

You have had the privilege of being saved by the Great Karhu. You may think this is suffering. No... it is salvation. The universal scales tip toward balance because of your sacrifice. Smile... for even in the dips, you have become hodlers of bitcoin."

[BitcoinGirl.Club]

√-1 2^3 ∑ Π yesterday

Biology, Math and Physics now? 😋

I want some cake too

Do you think you can manage this? 😛
 


By the way, good evening guys. I am waiting for the kick off of Liverpool vs Bayern 🙂

[El duderino_]

https://twitter.com/CryptoScamHub/status/1097713441454735360

The Epic Battle for Sound Money featuring Bitcoiners & Friends ⚔️💰 @adam3us @Excellion @giacomozucco @WhalePanda @TraceMayer @TuurDemeester @starkness @nvk @peterktodd @fluffypony @ToneVays @saifedean @BitcoinErrorLog @jimmysong @SatoshiLite @LeahWald @maxkeiser@Micg

ftfy

[BitcoinGirl.Club]

The bear line is still at $4300 so still a fair ways to go before this counts as a break out.  Good times tho.

We were nearly there! I hope we will break it soon.

[600watt]

the amount of eth bashingfacts in this thread feels really good. keep up the good work. i will merit every altcoin basher.

[JayJuanGee]

the localbitcoin spike for the USD market was a flaw

this is how it looks today:

I will say that I had a bit of a spike in number of people contacting me from localbitcoins in the past few days.. but who knows?  Too short of a period and could be anecdotal aberrations, especially since I am in southern california.  

Yesterday, I did a transaction in the $500 to $1k range, and the guy attempted to slip me a phony $100.  We were in a public place, and I think that he was relying on the fact that sometimes it can be difficult (or uncomfortable) to attempt to examine the bills very closely in public places.  I do examine the old $100s (and the $50s), and in that case, I saw that the embedded small line of vertical numbers on one of his $100s were not there.  Kind of like a blur on the bill.  

I told him that "I cannot accept this one", and initially, he just said o.k. no problem, no problem.. as if he already expected such.  Then as he was exchanging the bad $100 out for a newer printed bill, he asked me what was wrong with the bill.  I told him that the number on the side was not there.  He attempted to proclaim that the bill was good and the number was merely blurred.  I told him that "it does not work like that," and he looked at the bill one more time by holding it up and just put the bill away without saying anything further to attempt to defend that bad bill.

I think that he was a bit embarrassed (probably by getting caught rather than by attempting to pass a bad $100 to me).. and usually buyers will linger around a bit after the transaction has been sent, but he quickly left the scene within seconds of my hitting "send" and seeing a "pending" was showing on my end.  

[infofront]

Thats a nice hat you got there friendo

Congratz on the hat and rank

Can we have a moment of silence (no posts for 60 seconds please kind sirs) in honor of Gembitz and Roach, two fallen bears who gave all they had to a lost cause, only to be liquidated in shame  as their tiny amounts of money were redistributed to wise and noble bulls. 

THIS IS BITCOIN COUNTRY!

They should feel honored that Karhu accepted their blood as a worthy sacrifice.

Who? Give me a pamphlet and a cup of kool aid and Im in.

It was a BTCtalk meme during the last crypto winter. https://bitcointalk.org/index.php?topic=405180.0

[BitcoinGirl.Club]

Update, dude. BTC is not waiting!

[El duderino_]

My prediction for 2019:

#Bitcoin will fall and hit $50,000 by the end of the year.

Why?

- LN growth
- Bakkt launch
- ETF speculation
- Increased global stress
- Interest rates continue to rise
- Record buildup in government debt
- Traditional markets continue to struggle

https://twitter.com/AlecZiupsnys/status/1097893097869062145
^
thats why i like that guy......... obviouslyyyyyy

[600watt]

Stamp touched $4,000.

Briefly...

almost better than touching myself.