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

[VB1001]

I'm going to drink a beer and listen to some good music, I hope to see a big green dildo when I get back.

Bye.

You mean you are wishing to see Bob? 😛
I mean have fun bother 🙂

Well, I would share a few beers with him, judging by his comments, I would surely learn more in BTC strategy.
Actually I would share some beers with all WO members without exception.

—-snip—-
I'm going to drink a beer and listen to some good music, I hope to see a big green dildo when I get back.

Bye.

I don’t want you to come back disappointed so -

LoL, No thanks, I do not mean this type of dildo.

^^annoying/cunning. forced me out of my drunkemn whatever to merit

Lol, I'm surprised, V8 handing out merits, have you hit your head? or are you really drunk?
I always miss the best moments of WO.

[El duderino_]

Goodmorning, HELLO 4K, hello precious saturaday and plans that come along

[nutildah]

This is why bitcoin can't have nice things:

Majority of bitcoin trading is a hoax, new study finds

From the article:

An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges...

The analysis showed that “substantially all of the volume” reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market. In other words, it’s not real.

Those exchanges report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate...

The SEC highlighted the risk of manipulation as reason for rejecting applications for other cryptocurrency ETFs... Because most cryptocurrency trading platforms don’t use the same monitoring tools as stock exchanges, SEC Chairman Jay Clayton has warned that investors may not get a fair assessment of bitcoin’s price.

It's also the reason why I'm anti-technicals. Whatever gains a modicum of respect among short-term TA enthusiasts, the opposite is just as or even more likely to happen.

[mindrust]

This is why bitcoin can't have nice things:

Majority of bitcoin trading is a hoax, new study finds

From the article:

An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges...

This doesn't have anything to do with Bitcoin.

This is CoinMarketCap's scam.

I've been posting about that for a while.

https://bitcointalk.org/index.php?topic=5121557.msg50231076#msg50231076
https://bitcointalk.org/index.php?topic=5121557.msg50222937#msg50222937
https://bitcointalk.org/index.php?topic=178336.msg49998213#msg49998213

Those marketcap websites are listing the fake volume exchanges, that's the problem.

[El duderino_]

Well, that was nice.

My LTC sell order @ $60 USD was just eaten entirely.

All going to the IRS for tax.

Sheeeit.

Pity those tax happenings have to be their.... Belgium still in its grey zone

[nutildah]

This is why bitcoin can't have nice things:

Majority of bitcoin trading is a hoax, new study finds

From the article:

An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges...

This doesn't have anything to do with Bitcoin.

This is CoinMarketCap's scam.

I've been posting about that for a while.

https://bitcointalk.org/index.php?topic=5121557.msg50231076#msg50231076
https://bitcointalk.org/index.php?topic=5121557.msg50222937#msg50222937
https://bitcointalk.org/index.php?topic=178336.msg49998213#msg49998213

Those marketcap websites are listing the fake volume exchanges, that's the problem.

Doesn't have anything to do with bitcoin? Not being able to suss out a real measurement of price is what is preventing the SEC from greenlighting a Bitcoin ETF. Regulatory standards regarding the operation of exchanges and price reporting have yet to be put in place as bitcoin is still an entirely new asset class.

I agree that CMC gets manipulated all the time. The "problem" is bitcoin is still new and regulators haven't found a way to protect investors from getting manipulated. By "nice things" I simply meant a Bitcoin ETF.

[mindrust]

This is why bitcoin can't have nice things:

Majority of bitcoin trading is a hoax, new study finds

From the article:

An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges...

This doesn't have anything to do with Bitcoin.

This is CoinMarketCap's scam.

I've been posting about that for a while.

https://bitcointalk.org/index.php?topic=5121557.msg50231076#msg50231076
https://bitcointalk.org/index.php?topic=5121557.msg50222937#msg50222937
https://bitcointalk.org/index.php?topic=178336.msg49998213#msg49998213

Those marketcap websites are listing the fake volume exchanges, that's the problem.

Doesn't have anything to do with bitcoin? Not being able to suss out a real measurement of price is what is preventing the SEC from greenlighting a Bitcoin ETF. Regulatory standards regarding the operation of exchanges and price reporting have yet to be put in place as bitcoin is still an entirely new asset class.

I agree that CMC gets manipulated all the time. The "problem" is bitcoin is still new and regulators haven't found a way to protect investors from getting manipulated. By "nice things" I simply meant a Bitcoin ETF.

If SEC takes their data from CMC then they are fools. If they can't separate the fake data from real, then they are fools. If they don't have the manpower for the job... you know.

If you know where to look at to gather your data, yes this doesn't have anything to do with BTC. It is just another scam we need to kill.

Don't use CMC and others who use fake volume: problem solved.

This website is a great start: https://www.bitcointradevolume.com/

[snakey]

Goodmorning, HELLO 4K, hello precious saturaday and plans that come along

Good morning, its a charming day ahead today. We have been quite stable at 4k this whole week, looking for some real action in April.

[Lambie Slayer]

frend boy say me bying bitcions,but not existing as camel or lady cannot touch.so byeing air perheps atoms haha.yu boys so sily,loose all mony,  better is buy solid as gold and lands too.i billding much malls in dessert,many come far buy nice waway phone,yous invest me much rich,not give all money satosi big cruk never give back

Id like to hear more about this if you have the time.

[Neo_Coin]

[nutildah]

If SEC takes their data from CMC then they are fools. If they can't separate the fake data from real, then they are fools. If they don't have the manpower for the job... you know.

It is part of their job to take into consideration what has been occurring across the breadth of exchanges, not just a select few, which is quite a bit of price manipulation. Per the Gemini Trust decision:

"The Commission agrees that, if BZX had demonstrated that bitcoin and bitcoin
markets are inherently resistant to fraud and manipulation, comprehensive surveillance-sharing
agreements with significant, regulated markets would not be required, as the function of such
agreements is to detect and deter fraud and manipulation. But because the underlying
commodities market for this proposed commodity-trust ETP is not demonstrably resistant to
manipulation, BZX, as the ETP listing exchange, must enter into surveillance-sharing
agreements with, or hold Intermarket Surveillance Group membership in common with, at least
one significant, regulated market relating to bitcoin"

"As a general
matter, the manipulation of asset prices can occur simply through trading activity that creates a
false impression of supply or demand, whether in the context of a closing auction or in the course
of continuous trading, and does not require formal linkages among markets (such as consolidated
quotations or routing requirements) or the complex quoting behavior associated with highfrequency trading."

"While BZX and the Overdahl Letter assert that the potential avenues for manipulation of
the bitcoin market also exist in the context of other commodity-trust ETPs, this argument merely
reinforces the Commission’s view that similar market structures—namely, surveillance-sharing
agreements with significant, regulated markets—should be in place for a bitcoin-trust ETP just as
they are for commodity-trust ETPs."

https://www.sec.gov/rules/other/2018/34-83723.pdf

[Cryptotourist]

Show me BTC baby!

##

[El duderino_]

$10,000 is my number, and I'm stickin' to it.

[El duderino_]

Ok I stand corrected.  Hard Brexit date now 12 April.

i hope it doesn't gonna intervene my dinner evening..... its Saturday, who cares about BREXIT talks on a Saturday?



^
really looking forward

[jbreher]

The "problem" is bitcoin is still new and regulators haven't found a way to protect investors from getting manipulated.

I could do without their 'help'.

And by 'help', I mean meddlesome restrictions barring voluntary action. Under color of law.

[nutildah]

The "problem" is bitcoin is still new and regulators haven't found a way to protect investors from getting manipulated.

I could do without their 'help'.

And by 'help', I mean meddlesome restrictions barring voluntary action. Under color of law.

Its not for you though. Its for people who want to trade bitcoin like it was a stock. Genuine users and enthusiasts don't need it, unless its from the perspective that it will help the value of their investments rise. Personally, I don't care if it happens or not, I only use BTC as a means of money conversion. Though the trickle-down wealth from an exponential price rise would probably work to my benefit.

[VB1001]

“They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”

Benjamin Franklin

[xhomerx10]

Since xhomerx10 is kinda busy, I created my own hat for my avatar. Kindly rate it guys  . I love dogs  

Let's make Arkansas Great again.



avatar-sized

[El duderino_]

Since xhomerx10 is kinda busy, I created my own hat for my avatar. Kindly rate it guys  . I love dogs 

Let's make Arkansas Great again.

https://i.imgur.com/MRLryFR.png

avatar-sized

this is something better looking

[El duderino_]

This week in crypto:

1. Binance takes cash for BTC in 1,300 stores in Australia
2. Bitgo custodies BCAP security
3. Bitwise presents BTC ETF to SEC
4. Lightning Labs releases “loop”
5. @jack & Square will hire crypto engineers for open source projects

Another week of building!

https://twitter.com/APompliano/status/1109427044864221186