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Question: When will we see a new ATH?
2023 - 35 (25%)
2024 - 53 (37.9%)
2025 - 39 (27.9%)
2026 - 3 (2.1%)
2027 - 2 (1.4%)
After 2027 - 3 (2.1%)
Never - 5 (3.6%)
Total Voters: 140

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25979746 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. (170 posts by 5 users with 9 merit deleted.)
kenzawak
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May 12, 2019, 11:10:20 AM
Merited by infofront (1)

As Bitcoin Price Keeps Surging, We Examine Potential Catalysts

https://www.cryptoglobe.com/latest/2019/05/as-bitcoin-price-keeps-surging-we-examine-potential-catalysts/

"-Improving technicals, such as last month's double break out of Bitcoin price upon the "Golden Cross"

-Traders exiting their Tether (USDT) positions and getting into Bitcoin and the major altcoins, especially the office of the New York Attorney General (NYAG) announced that it was investigating Bitfinex and Tether (and the resulting revelation that Tether was only 74% backed by cash and cash equivalents).

-Tether (USDT) managing to maintain its peg to the dollar despite all the drama surrounding Bifinex and Tether (unlike what happened in October 2018, when USDT fell to as low as $0.86).

-The countdown to Bitcoin's next block reward halving event, which is estimated to take place on 23 May 2020.
Bloomberg reporting on May 6 that Fidelity Investments "will buy and sell the world’s most popular digital asset for institutional customers within a few weeks."

-Reports that came out towards the end of last month about two of the biggest brokerages in the U.S., E*Trade Financial and TD Ameritrade, preparing to launch Bitcoin trading on their platforms

-The Wall Street Journal's article (published on May 2) about Facebook's crypto-based payments system.

-Diar Research reporting on May 6 that the "number of transactions on-chain is also just shy of the all-time-high of December 2017."

-The realization by many that "we must be in a bull market" after the attack on Binance on May 7 since it seemingly had no negative impact on the price of Bitcoin.

-U.S. Congressman Bradley Sherman (D-CA) asking his colleagues to introduce "a bill to outlaw cryptocurrency purchases by Americans" being taken as a bullish sign by many fans of crypto, such as Anthony Pompliano (aka "Pomp), who said on May 10 that Congressman Sherman's remarks only served as an ad for crypto and helped to confirm its validity.

-New York City Blockchain Week.

-The Fear of Missing Out (FOMO). "
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May 12, 2019, 11:17:41 AM

this roach guy must be the saddest person on this forum seriously.
he must have sold at 500$ or even lower to accumulate more but couldnt get in again.
i wonder how he was feelin when it hit 20k.or yet how he will feel when it hits 40k. (which is inevitable)

really feelin sorry for him.there r hundreds of thousands like him;just waitng to get in if bitcoin ever hits 1k Smiley
the saddest part is they will wait for 500$ even if hits 1k Smiley means they can never get in.

The saddest part is, he could have simply used BTC to buy gold or silver if he wanted to. If he had taken advantage of the 2016-17 pumps, he would have ended up with so much gold/silver! That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...
kingcolex
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May 12, 2019, 11:18:42 AM

Now that's a good indicator, kinda rules out tether fud.
kingcolex
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May 12, 2019, 11:19:47 AM

this roach guy must be the saddest person on this forum seriously.
he must have sold at 500$ or even lower to accumulate more but couldnt get in again.
i wonder how he was feelin when it hit 20k.or yet how he will feel when it hits 40k. (which is inevitable)

really feelin sorry for him.there r hundreds of thousands like him;just waitng to get in if bitcoin ever hits 1k Smiley
the saddest part is they will wait for 500$ even if hits 1k Smiley means they can never get in.

The saddest part is, he could have simply used BTC to buy gold or silver if he wanted to. If he had taken advantage of the 2016-17 pumps, he would have ended up with so much gold/silver! That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...
Well duh he's a straight up Nazi who probably blames the Jews for Bitcoin and he's mad he didn't make wise decisions.
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May 12, 2019, 11:23:18 AM

Choppy waters ahead.

Batten down the hatches.

Seems to be a pattern to pull back 12 hours into the daily candle and then start punching it again toward the candle close, with momentum carrying onto the new daily candle.  Let’s see if the pattern holds again today.
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May 12, 2019, 11:25:26 AM
Merited by Majormax (1)

As Bitcoin Price Keeps Surging, We Examine Potential Catalysts

-snip-
Is it just me or there is more influence coming from the U.S of A based on the potential catalysts Roll Eyes...

And what's happening with the Asian influence on crypto because once upon a time these where major drivers of crypto.


This race will be important:

- Weak Hands that have sold
- Those who sold in ATH
- Those who bought in ATH
- Institutional money

Everyone will buy BTC again, the result, some holdlers more and the price of BTC to the moon.

The upcoming bitcoin halving, the race to buy btc is on because before you know it the market will be crypto starved! Come on BUY, BUY!!
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May 12, 2019, 11:33:36 AM

Nooooooo my love dont go down Shocked

Up is the wayyyyyyy
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May 12, 2019, 11:34:18 AM

That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...
he is not stupid, just stubborn. It may take few more years before he gets back into bitcoin again  Smiley
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May 12, 2019, 11:35:44 AM

this roach guy must be the saddest person on this forum seriously.
he must have sold at 500$ or even lower to accumulate more but couldnt get in again.
i wonder how he was feelin when it hit 20k.or yet how he will feel when it hits 40k. (which is inevitable)

really feelin sorry for him.there r hundreds of thousands like him;just waitng to get in if bitcoin ever hits 1k Smiley
the saddest part is they will wait for 500$ even if hits 1k Smiley means they can never get in.

The saddest part is, he could have simply used BTC to buy gold or silver if he wanted to. If he had taken advantage of the 2016-17 pumps, he would have ended up with so much gold/silver! That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...

That makes me think he has NOTHING! He probably had some gold/silver and also some bitcoin but lost it due to poor management, poor trading skills and lack of business insight.
encycrypto
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May 12, 2019, 12:10:03 PM


I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.
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May 12, 2019, 12:17:09 PM


I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.
shit I thought bitmex did true fiat trading. I never have used bitmex and never have given it much attention.
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May 12, 2019, 12:25:24 PM
Merited by yefi (1)

Nah they don’t trade fiat or Bitcoin.  It’s all bets on XBT which is their paper bitcoin tied to the bitcoin price by a complicated formula
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May 12, 2019, 12:30:51 PM

Nah they don’t trade fiat or Bitcoin.  It’s all bets on XBT which is their paper bitcoin tied to the bitcoin price by a complicated formula
Well fuck them sounds like a big ole shit pile.
HairyMaclairy
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May 12, 2019, 12:34:17 PM

Hahaha that’s about correct.

They make it really easy to use leverage on longing or shorting so that makes it appealing.  But it is a home of deep fuckery and the volume and order books are completely fake and their in-house trading team is front running trades.  Hard work to consistently make a profit there.  
encycrypto
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May 12, 2019, 12:37:05 PM


I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.
shit I thought bitmex did true fiat trading. I never have used bitmex and never have given it much attention.

There are only two big players in crypto: BitFinex/Tether and Binance. Both are currently facing problems. Let's hope that things are getting better behind the scenes with these two.  Roll Eyes

Bitmex and others don't even come close.
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May 12, 2019, 12:42:13 PM


I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.
shit I thought bitmex did true fiat trading. I never have used bitmex and never have given it much attention.

There are only two big players in crypto: BitFinex/Tether and Binance. Both are currently facing problems. Let's hope that things are getting better behind the scenes with these two.  Roll Eyes

Bitmex and others don't even come close.
Well hopefully the withdrawals start tomorrow or Tuesday and binance is back to normal.
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May 12, 2019, 12:47:04 PM

Nooooooo my love dont go down Shocked

Up is the wayyyyyyy

the FIAT is emptied on the exchanges because of the weekend. all Buyers need more FIAT which will flood in at the earliest on Monday and the Sellers want to withdraw the FIAT or transfer it to other exchanges.
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May 12, 2019, 12:51:15 PM

Do time and day of this bull run tell us anything about the most likely immediate cause?
It looks like the price has been drifting up slowing until it hit 6k, which then moved into a feedback loop of short position liquidation and day trader FOMO. At some point all the short sellers will be dead and then the FOMO will flip.

Without paying a lot of attention, to me it seems the price drifts and then rallies strongly before the candle closes which is consistent with US evening trading.  

Combined with Coinbase price leadership, makes me think this is a US retail led rally.  Genuine organic demand.
That's the kind of answer I was looking for. But isn't it weird on a weekend?
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May 12, 2019, 12:55:10 PM
Last edit: May 12, 2019, 01:06:47 PM by Gyrsur
Merited by FractalUniverse (1)


I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.

every exchange does market making to provide liquidity to the market. there is no possibility to differ between market making (by the exchange itself or other market making parties) and the "real" volume by clients of the exchange. only the exchange itself knows the real figures.

EDIT: the so called "wash trading" or "fake volume" on the exchanges is in fact market making which provides liquidity to Buyers and Sellers. but the Noobs don't really understand how the business is working and start to blame the exchanges.
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May 12, 2019, 01:00:29 PM

this roach guy must be the saddest person on this forum seriously.
he must have sold at 500$ or even lower to accumulate more but couldnt get in again.
i wonder how he was feelin when it hit 20k.or yet how he will feel when it hits 40k. (which is inevitable)

really feelin sorry for him.there r hundreds of thousands like him;just waitng to get in if bitcoin ever hits 1k Smiley
the saddest part is they will wait for 500$ even if hits 1k Smiley means they can never get in.

The saddest part is, he could have simply used BTC to buy gold or silver if he wanted to. If he had taken advantage of the 2016-17 pumps, he would have ended up with so much gold/silver! That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...
I think it's actually a huge joke on us. The Roach isn't who we think he is.
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