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

[rebal15]

Why we care about the price of BTC vs USD if we prefer BTC than fiat?

[El duderino_]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

[Last of the V8s]

TOP STORIES
Binance was hacked for allegedly 7000 BTC. There are several inconsistencies in their story, 1) the 2FAs of hundreds of customers being hacked is very unlikely, 2) the BTC was sent to Segwit addresses even though Binance doesn't use SW yet, 3) their math is a little off, "2% of their BTC" was lost in this hack, that means they have 350,000 BTC, so where is it? Their cold wallets only have 80,000. At this point, we're giving Binance and CZ the benefit of the doubt on this, because their best interests align with Bitcoin's best interests.

Tether received a friendly ruling from the NY Supreme Court with the Judge telling the NY AG and iFinex to sit down and figure this out. So far, iFinex is successfully fighting the bankers. Good job guys. It's also been rumored they've successfully raised the $1 billion for their IEO, so they will have a war chest the regulators can't touch. It can't be touched, because other similar funds have not recieved any scrutiny from the Feds.

Democrat Representative for California, Sherman, spoke about the reason for his bill banning "cryptocurrencies". Of course, this is aimed directly at Bitcoin and its institutional investors that are gearing up their investment. In no way is this bill aimed at shitcoins like Ripple or 0x or Tron. Pure and simple, can see that Bitcoin is scaring certain aspects of the profligate politician class. Imagine what the Fed and IMF are cooking up.

FINCEN released more guidance for what constitutes a (Money Service Business). This is a good write up, but to sum it up, all ICOs and tokens must register as MSBs with FINCEN. Lies about decentralization will not save them if they become successful. This type of guidance is likely to serve as ceiling to any of these centralized shitcoins and tokens.
 
PRICE
The price rise has been incredible, blowing through all FUD and all resistance on the charts. It thoroughly broke out of the rising channel and $6000, heading toward the ultimate resistance at between $63-6400. On the chart below, we've gotten rid of our target at $4200, because that is now unlikely. You can see the On Balance Volume is very bullish - it's much higher than the last time we were at these prices. Overall, we are still expecting a correction, but if it breaks $5000, it will probably won't spend much time below it.

CME volume is remaining strong, holding half of the record volume in early April.

sorry for long, but some of @AnselLindner 's takes here are pretty good even if they might annoy some

[jojo69]

Thinking of the Mayor...

yeah

[rebal15]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

Are you the boss of these sheep. I remember what I said about BTC ETF, what did you say.

[d_eddie]

In my opinion, the best way to deal with some nuisances is to ignore them (by forum options or targeted skipping), at least until they raise a point worthy of address. They might understand that relevance is what gets their posts read.

TL;DR No quoting, no replying unless granted by exceptional circumstances.

[Last of the V8s]

I wonder if CZ meant '2% of my own holdings of BTC350,000'.
 

[jojo69]

is the guy on ignore by the majority?

yes

[marcus_of_augustus]

... I'm inclined to think anybody in bitcoin for longer terms would want to be in a buy to strong buy accumulation phase now or in the near future ...

... and they would want to have that accumulation phase wrapped up by April-May '19 time frame (12 months prior to halvening) to maximise the bottom scraping accumulation.

difficulty estimates crossing above difficulty from below ... the bottom is in. Price has once again gone down and found the true floor to cost of production. Some expensive miners went out of business, some weak hands miners dumped their stashes, some probably hedged forward and are fulfilling contracts at much higher prices. Bottom line is all excess production has now come on the market and been absorbed. Bitcoin's next trick, if it repeats, is the rising prices revives latent demand ... into a tightening supply situation.

I'm not saying i told you so ... but ... the April-May date was called for end of accumulation and beginning of rise, bottom was called in mid Dec.

[El duderino_]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

Are you the boss of these sheep. I remember what I said about BTC ETF, what did you say.

HODL and don’t be a b*tch = what I have Said.

Goodnight HODLsleep now!  (Infofront is the big “trump/thanos” boss in here)

[rebal15]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?
What? Do you want me to be a sheep?
Here are anzwers:
I won't be a sheep, I used to not be a sheep even at work.
Something wrong : fuck you

Prove to be respectless, rude, not Bitcoin minded, tried Some FUD.....

Maybe give it up in here.

If the market crushed you, and you couldn’t take it @the time don’t come crying here.....

Are you the boss of these sheep. I remember what I said about BTC ETF, what did you say.

HODL and don’t be a b*tch = what I have Said.

Goodnight HODLsleep now!  (Infofront is the big “trump/thanos” boss in here)

No, that's not what you said.

[El duderino_]

... I'm inclined to think anybody in bitcoin for longer terms would want to be in a buy to strong buy accumulation phase now or in the near future ...

... and they would want to have that accumulation phase wrapped up by April-May '19 time frame (12 months prior to halvening) to maximise the bottom scraping accumulation.

difficulty estimates crossing above difficulty from below ... the bottom is in. Price has once again gone down and found the true floor to cost of production. Some expensive miners went out of business, some weak hands miners dumped their stashes, some probably hedged forward and are fulfilling contracts at much higher prices. Bottom line is all excess production has now come on the market and been absorbed. Bitcoin's next trick, if it repeats, is the rising prices revives latent demand ... into a tightening supply situation.

I'm not saying i told you so ... but ... the April-May date was called for end of accumulation and beginning of rise, bottom was called in mid Dec.

I truly hope most of us have taken there chance for extra BTC’s on the cheap.

[Last of the V8s]

https://twitter.com/HillebrandMax/status/1126868777386291200
"I came here to kick shitcoins and eat tacos, and I'm all out of tacos." ~ #Bitcoin 🌮

[rebal15]

is the guy on ignore by the majority?

yes
He talks about real facts that I do not want to hear because they turn my dreams into nightmares

No, I just want to understand.

[Last of the V8s]

^ go to the 'Beginners' section and ask your questions there https://bitcointalk.org/index.php?board=39.0
any more trolling in this thread and your posts will most likely be deleted.

[DaRude]

So reversing transactions is possible to help some people recover their bitcoins.

The apology came fast and the reorg case was just hypothetical.

Given how much I talk, I sometimes say the wrong stuff, dirty words like “reorg”, for which I apologize. It is my strong view that our constant and transparent communication is what sets us apart from the “old way of doing things”, even and especially in tough times.

He said it because he think it is possible.

A reorg would require 51% hash power. I dont think Binance have so much influence over the miners for this.

I think It is not 51% attack in this case. It is reversing transactions.

Huh you should try to work on that "thinking" part of yours, cause so far it's not going too well for you.

Edit:

Ahh just catching up roach's mini me, ignored

[Last of the V8s]

https://twitter.com/TheTIEIO/status/1126849741848027136 + thread, links

Crypto lacks trusted and transparent data. Our team has spent the last few months working to address this issue. We built a community tool for analyzing exchanges and learning step-by-step how the The TIE calculates market data, evaluates exchanges, and scores sentiment.

[rebal15]

^ go to the 'Beginners' section and ask your questions there https://bitcointalk.org/index.php?board=39.0
any more trolling in this thread and your posts will most likely be deleted.

I think only infofront who can delete my posts.

[jbreher]

is [rebal] on ignore by the majority? was not aware of it.

Yes, please save us by not quoting him.  Thank you. 

What? Did I say something wrong?

I'm gonna try to help you here. Why, I do not know.

Yes - you have made some number of posts here, most or all of which I seem to recall reflect an ignorance of how Bitcoin actually operates. I quite frankly don't recall the bulk of them, but such is the impression I have.

As just the latest example, there is a huge difference between an exchange rolling back internal txs in order to rescue customers, and the blockchain being rolled back in order to rescue the exchange itself. The recent Binance statement from CZ postulated the latter - which upon later reflection CZ realized was intractable (duh). You seem to be conflating this with the former. This is a pedestrian misunderstanding that could be rectified by even the most cursory familiarization with the situation.

I would suggest some study of Bitcoin operation before making further blanket assertions.

[jbreher]

... I'm inclined to think anybody in bitcoin for longer terms would want to be in a buy to strong buy accumulation phase now or in the near future ...

... and they would want to have that accumulation phase wrapped up by April-May '19 time frame (12 months prior to halvening) to maximise the bottom scraping accumulation.

difficulty estimates crossing above difficulty from below ... the bottom is in. Price has once again gone down and found the true floor to cost of production. Some expensive miners went out of business, some weak hands miners dumped their stashes, some probably hedged forward and are fulfilling contracts at much higher prices. Bottom line is all excess production has now come on the market and been absorbed. Bitcoin's next trick, if it repeats, is the rising prices revives latent demand ... into a tightening supply situation.

I'm not saying i told you so ... but ... the April-May date was called for end of accumulation and beginning of rise, bottom was called in mid Dec.

Good call.