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

[bitserve]

Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ?  That sounds distinctly dodgy.

GalacticMindExplosion.gif

counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*.

Right. And their tether is one hundred percent backed by good ol' federal reserve notes. Until we found out that that was a lie.

Yeah, that is a different matter. I wouldn't touch a tether with a fishing rod.

Yeah, that is a different matter. Yet... the same people.

Fool me once, shame on you. Fool me twice, sha... fuh... won't get fooled again.

Fair enough. I only have there a bunch of worthless IOTAS a few BCH, BSV and BTG. No BTC (maybe dust).

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[realr0ach]

What kind of sorcery is this?

This looks ridiculous. Rubbing my eyes for the 2e time...

It's because Bitfinex is a completely fake scam exchange where the entire orderbook is controlled by a single entity conjuring money out of thin air (Tethers) and trading with customer funds MtGox style, and that single entity is attempting to vacuum up the entire float in order to manipulate the market.  You would need to be a complete idiot to look at that chart and not know that enormous candle originates from a single entity.  

If that candle was from an aggregate market (numerous different people) it would be extremely bad because it would mean there's tons of overleveraged retards and the price would soon implode.  But the fact that entire candle is from a single entity means the criminal faggots that own the Bitfinex exchange are going to try to manipulate the price a lot higher soon.  Will they succeed?  Who knows.  Bitfinex has much less importance as an exchange than they used to because EVERYONE knows it's a fucking criminal enterprise now and won't go near that MtGox 2.0 exchange.  For them to rig the price, people on other exchanges would actually have to be willing to arb there, and nobody is.

[realr0ach]

My own country has bad currency, the gold price is all time highs though dollar price gold is not near 2011 prices

Yes, for the system to continue and not implode it will need a new Plaza accord.  Dollar needs to be devalued 35-40% against all other fiats overnight basically.

[Paashaas]

Relax, Bitcoin YTD is still nice.

X mass 2020 will be even better.

[realr0ach]

Not enough for real PANIC. Under $5K would probably do. And under $3K and you will see people running around screaming (me included) no matter how hard they look now.

I agree that $5k would not be a panic zone, so if anyone was actually trying to create panic on purpose they would need to dump it to at least $3k's.  Even then, they're still not going to shake out any coins because there's so many delusional people who believe their own propaganda claims that Bitcoin "will go to $1 trillion each".  And the slightly less delusional people will just think the halving will put them in the black somehow.  So if the market actually requires a shakeout and a manipulator to acquire all the float to then rig it higher, that's not going to happen.  Whoever attempts to rig it higher is gonna get dumped on lol-hard.

[Lambie Slayer]

When the Bargain Boyz step in the only panic will be panic buying. This could happen around 5 or perhaps a little lower, but 3k is not going to happen, they will buy way too much corn for that to occur.

The Bargain Boyz will let you know when the time is right. For now just nibble with a few small buys if you must, the real bargains are on the way.

[Lambie Slayer]

Primitive metals. 

https://www.zerohedge.com/commodities/us-official-gold-reserves-auditor-caught-lying

[Lambie Slayer]

Tis the season to be moving your fiat to exchanges for the deals to come. Remember when your friends and family mock you during the holidays about Bitcoin that it just means the real Bargains are beginning.

Christmas 2021 you will be a legend and the fam will be asking you if 100k is a good place to buy. 

via Imgflip Meme Generator

[Lambie Slayer]

All the charts look terrible, with the exception of 1 year and 3 hour

2 year
6 month
30 day
7 day
24 hour
12 hour

all down.

+3 for the excellent B Boyz meme  

The man is such a Bargain hunter that he wears the same shirt in multiple memes, its cheaper than buying more shirts. He needs that money for more corn.

[VB1001]

BTC Dominance: 67,5%

All good, the balls in place and loaded, waiting for the right moment to pull the trigger and buy some sats.

Have a good day.

[Lambie Slayer]

via Imgflip Meme Generator

[realr0ach]

When the Bargain Boyz step in the only panic will be panic buying. This could happen around 5 or perhaps a little lower, but 3k is not going to happen

You don't see any whale buying because the value of Bitcoin is completely nebulous and artificial, and the price has already been rigged to such huge levels that if a whale wanted to buy say 10,000 coins, that's $60 million at $6k and $40 million at $4k.  When you're dealing with trivial amounts of play money it's not a huge deal, but if some hedge fund or whatever actually did that trade at $6k and then it dumps to $4k, it's a $20 million loss in the span of hours or minutes if they get unlucky.  That's Wework-level of debacle.

Bitcoin is for pump and dump scammers and not actual investors because how much that can instantly be lost.  This is why the price is mostly moved ONLY by people who already have lots of coins and not anyone from the outside because it's way too risky - i.e. Bitmain artificially rigging the price up to try and keep their monopoly profitable.  But if the price is determined not by utility of a commodity or resource or even supply and demand at all but just people who monopolized the market in the year 2011 artificially rigging it, then it's just some BS pyramid scam.

In that circumstance, there's no difference in buying JayJuanGeeCoin, Bitcoin, or any other imaginary financial derivative on Wall Street.  They're all imaginary, valueless widgets.  You have to be buying a real commodity or business or something in order for it not to be a scam.

[goldkingcoiner]

When the Bargain Boyz step in the only panic will be panic buying. This could happen around 5 or perhaps a little lower, but 3k is not going to happen

You don't see any whale buying because the value of Bitcoin is completely nebulous and artificial, and the price has already been rigged to such huge levels that if a whale wanted to buy say 10,000 coins, that's $60 million at $6k and $40 million at $4k.  When you're dealing with trivial amounts of play money it's not a huge deal, but if some hedge fund or whatever actually did that trade at $6k and then it dumps to $4k, it's a $20 million loss in the span of minutes or hours if they get unlucky.  That's Wework-level of debacle.

Bitcoin is for pump and dump scammers and not actual investors because how much that can instantly be lost.  This is why the price is mostly moved ONLY by people who already have lots of coins and not anyone from the outside because it's way too risky - i.e. Bitmain artificially rigging the price up to try and keep their monopoly profitable.

No, Roachie. You do not see whales buying because they are still not finished dumping. Once they run out of coins to dump, they will buy at the bottom of wherever the momentum of the panic sell starts slowing down....

[realr0ach]

^It's not possible to cause a panic.  There's millions of hair dressers and shoeshine boys sitting on tons of coins that all believe they're going to $1 trillion each.  Even if you dumped it to $1k, they would just hold anyway thinking the halving will save them.  In other words, anyone who attempts to manipulate the price up is gonna get dumped on mega-hard.  So virtually the only way the price can go up in that case is if someone like the government rigs it up to try and distract people from real money (physical metals) and trick them into a cashless society slavery system, or Bitfinex fraud.

[nutildah]

The man is such a Bargain hunter that he wears the same shirt in multiple memes, its cheaper than buying more shirts. He needs that money for more corn.

I finally found what you were referencing... It took an entire google search for "Bargain Boyz" to find it. Its a great little show    I hope they do more episodes in the future.

Spoiler: the most excitin' barg of all turns out to be a 1987 Rubix Cube which he pays $400 for.

[JSRAW]

Guys, imagine we reach 6400 and then go sideways for a month or two.

That would freak people out.

Imagine as much as you want, you still not going to win    

How are your testicles holding up, folks ?

Somewhat cramped, not crushed though. Other than that they are "hoDLing" ok... as always.

We don't need a testicle story from you, again (I have the right guy?  or was it d_eddie?  involving some kind of spray), bitserve.  

That's all we need, like another hole in the head.  

You got the right guy bro... bitserve is nut specialist for very specific reasons.  

[JayJuanGee]

Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.

Hunh huh... 'supposed' ... JJG tryna make a funny.

Know what's funny? I had a heart attack during december 2013 dump.

Now I will leave you wondering if serious or not.... I will just say that I have "the card" that enables me to joke with that as much as I want

Might be going down the TMI road, but health ideas should affect bitcoin investment ideas in terms of how much time might remain in your investment horizon, and what is your particular status whether accumulator, maintainer or liquidator.   

Some people have real solid health issues that could spring up upon them at any time, but even younger people can sometimes be surprised by some kind of issue that comes up to make them more serious about considering their own mortality.  Surely we have talked about it quite a bit in this thread, and I have even made some implications regarding my own thoughts about my timeline and how it might change. 

None of us longer term holders really want to be considering cashing out any bitcoin during a dip, but if some additional health matters suddenly come up, we might change our viewpoint (back to having options) because we are already in profits, versus someone who is more clearly still in the accumulation stages - which might be anyone who has average BTC costs that are not clearly profitable and maybe in the less than 2x price appreciation arena rather than being in a 4x to 10x or more price appreciation arena.

Another thing is that some BTC HODLers may have gotten into bitcoin early (I saw part of your story in the BSV thread), but then they did not take the opportunity (by hook or by crook) to establish a stronger starting position, so their current accumulation of BTC remains ongoing because they feel that their overall stake still remains relatively low, even if they got started in bitcoin much earlier than others.

Actually, I recognize that I got started much later in bitcoin than some people, and even started buying BTC at way higher prices than their initial investment, but they made some BIGGER mistakes along the way regarding either cashing out too much or not buying enough on the dips, so then my BTC holdings ended up becoming quite greater than theirs.  Of course, we all have boating accident issues, too - or something similar to that, so there is that concept, too.

[Lambie Slayer]

When the Bargain Boyz step in the only panic will be panic buying. This could happen around 5 or perhaps a little lower, but 3k is not going to happen

same stuff as usual

Roach you could have been a man of wealth and taste after getting into Bitcoin earlier than most in the low hundreds. You used to come off as a fairly normal guy back in 2015.

In fact I suspect you were a fairly normal guy till your mental condition started to manifest and you became delusional with your anti Bitcoin conspiracy theories and now you wait for silver you to rescue you from poverty and borderline madness. Its easy to see why you get more upset as Bitcoin gets closer to becoming the global reserve currency.

Paranoid schizophrenia usually sets in for males during the early 20's. It happened to one of my parents cousins. He was a normal college student and some financial hardship in his family triggered his latent mental illness predisposition. He completely lost his shit, got obsessed with conspiracy theories and to this day he cant hold a job or live a normal life, he lived with his mom for decades till she died and now lives in her house surviving off government disability checks. This is your fate too if you dont clean up your act and get over your made up fears of King Bitcoin, women, Jews and non whites in general. (Your JJG critiques are mostly valid though and not an illness I should note.  )

Mentally disturbed people never have nor will make good investment choices. Their thought processes constantly work against them causing them to make the worst choices available.

Work on your mental well being and you will soon find yourself buying cheap corn as your mind clears from all the toxic stress and boogie man fears you have infected yourself with. This isnt an attack on my part, Im showing you the way out of your problems.  

Mental health issues can happen to anyone at any time, no one is immune.

Its not your fault, probably you were predisposed and some life circumstance triggered and exacerbated it but a normal and fulfilling life is within reach for you as soon as you lay down your hatred and begin to nobly serve the One True King.

Bitcoin among other things, is the best cure for mental health issues known to man.

Buy Bitcoin.
This is the way.

 

[HairyMaclairy]

The man is such a Bargain hunter that he wears the same shirt in multiple memes, its cheaper than buying more shirts. He needs that money for more corn.

I finally found what you were referencing... It took an entire google search for "Bargain Boyz" to find it. Its a great little show    I hope they do more episodes in the future.

Spoiler: the most excitin' barg of all turns out to be a 1987 Rubix Cube which he pays $400 for.

Well now.  I have learnt something today.

[JayJuanGee]

In that circumstance, there's no difference in buying JayJuanGeeCoin, Bitcoin, or any other imaginary financial derivative on Wall Street.  They're all imaginary, valueless widgets.  You have to be buying a real commodity or business or something in order for it not to be a scam.

JJG does not have a coin, you fucking dipwad.

What the fuck have i been doing in this thread for nearly 6 years?  Pumpening bitcoin, and no other fucking coin.  Stop being delusional, and spreading misinformation - otherwise gonna have to bring out batman, and you would not want that.  

What have you been doing for the past 3.5 years?  Getting more and more disgruntled because you mistakenly equated the then (2016) hack of bitfinex with the collapse of bitcoin, and you sold all your BTC for around $700.  You  have been hoping to buy back below $500 ever since, and you missed a sliver of an opportunity in August 2016 to buy back around $500.. and you have been whining the whole time ever since regarding your fairly obvious level of dumbness in getting on the wrong train.