Bitcoin Forum
May 19, 2022, 07:40:30 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Price prediction for the May 21 weekly close:
<$20,000 - 6 (7.5%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.5%)
$24,000 - $26,000 - 3 (3.8%)
$26,000 - $28,000 - 7 (8.8%)
$28,000 - $30,000 - 11 (13.8%)
$30,000 - $32,000 - 17 (21.3%)
$32,000 - $34,000 - 8 (10%)
$34,000 - $36,000 - 6 (7.5%)
$36,000 - $38,000 - 3 (3.8%)
$38,000 - $40,000 - 2 (2.5%)
>$40,000 - 15 (18.8%)
Total Voters: 80

Pages: « 1 ... 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 27236 27237 27238 27239 27240 27241 27242 27243 27244 27245 27246 27247 27248 27249 27250 27251 27252 27253 27254 27255 27256 27257 27258 27259 27260 27261 27262 27263 27264 27265 27266 27267 27268 27269 27270 27271 [27272] 27273 27274 27275 27276 27277 27278 27279 27280 27281 27282 27283 27284 27285 27286 27287 27288 27289 27290 27291 27292 27293 27294 27295 27296 27297 27298 27299 27300 27301 27302 27303 27304 27305 27306 27307 27308 27309 27310 27311 27312 27313 27314 27315 27316 27317 27318 27319 27320 27321 27322 ... 30771 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25619745 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. (160 posts by 2 users with 9 merit deleted.)
BitcoinGirl.Club
Legendary
*
Offline Offline

Activity: 2072
Merit: 2043


Nastya, KidsCamp, Cocomelon


View Profile WWW
September 21, 2020, 12:48:05 PM

Good afternoon WO!
Observing @ $10,550

May be it's not fun for some but it is time to HODL! They are saying bitcoin might break $10,400 support. F them!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
machasm
Sr. Member
****
Offline Offline

Activity: 721
Merit: 495



View Profile
September 21, 2020, 12:50:41 PM

Maybe it's not as bad as it looks?
Is there enough liquidity on these exchanges to soak up relatively medium sized dumps?
(I probably don't know what I am talking about here so please let me know if I am screwing up, just thinking out loud really).
So the question is even though there may be demand how many bitcoins need to be dumped to move the market by $500 or so?
Maybe now with the value of Bitcoin being what it is, we don't need too many dumped before we feel an impact?
So even a small to medium dump will result in quite a significant fall in price?
This leads to the next question.
Will there ever come a point that dumping 1000 BTC onto the open market doesn't have a significant impact on,price?
Cryptotourist
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 738


Homo Sapiens Bitcoinerthalensis


View Profile
September 21, 2020, 12:54:03 PM

OK my brothers, this is where we hodl them, this is where we fight. This is where $10k dies.

strawbs
Hero Member
*****
Offline Offline

Activity: 809
Merit: 989



View Profile
September 21, 2020, 12:57:19 PM
Merited by El duderino_ (6), somac. (1), Toxic2040 (1)

This correlation with legacy markets is god damn annoying. I don't even need to check the Bitcoin price any more, just check nasdaq, s&p, gold.

When is supply finally going to be overrun so that we can decouple from this bullshit.

Yup, it certainly is a little tiresome. It used to be interesting to try to find a reason for a sudden drop or rise, trawling through various outlets to see which theories were most likely. And entertaining to read some of the more far-fetched and grasping theories. But now, as you say, it's nearly always tied to the S&P et al.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3290
Merit: 4070


"DO NOT FUNGE >:( >:( "


View Profile
September 21, 2020, 01:10:18 PM

Presented with no comment:



On track...  This weekend I think:



Hmm.  We did not quite come up as far as I had hoped before the next dip... The right shoulder looks a little sad and hunched, but let's see if this is the right shoulder...
ivomm
Legendary
*
Offline Offline

Activity: 1587
Merit: 1804


All good things to those who wait


View Profile
September 21, 2020, 01:17:49 PM
Merited by vapourminer (1), Torque (1), infofront (1), Toxic2040 (1), machasm (1)

Maybe it's not as bad as it looks?
Is there enough liquidity on these exchanges to soak up relatively medium sized dumps?
(I probably don't know what I am talking about here so please let me know if I am screwing up, just thinking out loud really).
So the question is even though there may be demand how many bitcoins need to be dumped to move the market by $500 or so?
Maybe now with the value of Bitcoin being what it is, we don't need too many dumped before we feel an impact?
So even a small to medium dump will result in quite a significant fall in price?
This leads to the next question.
Will there ever come a point that dumping 1000 BTC onto the open market doesn't have a significant impact on,price?

It depends how and where the dump takes place. If we are talking about OTC dump, this sum won't affect the price. OTC desks sell regularly small amounts and not below the negotiated price. I doubt even 10K-50K BTC would affect the price with such selling. If we are talking about a whale-manipulator, then we should check the Bitstamp order book. This exchange is the least liquid, so if there are any manipulations, we should expect them there. Currently 747 BTC have to be sold to lower the price to 10290. How this will work out for a whale is another question. Playing with Bitmex or any other futures exchange is a bit tricky  and there is a big chance of something to go wrong. If for example he opens a big leverage short position but the exchange is down or some other whale buys and recovers the price, then the loss will be tremendous. So I personally don't believe there are any such manipulations recently.

But we have another problem, which is the main cause of these recent drops. The problem is called Binance and its high frequency trading. The volume of this exchange is 5 times bigger than the next exchange Coinbase. There are too many weak hands there - addicted losers, who easily register losses until there is nothing left to lose. We make fun of those n00bs who buy high and sell low, but there are a lot of them, like the casinos full of lost souls. During the long 9K sideways, we can sum up the total percentage of price drops. It is quite close to 100% (not to mention the high leverage longs liquidated much earlier). Hence, we can easily deduct that these extremely weak hands lost their capital and when the real pump started, they were nowhere around to stop it. Remember, these guys are addicted, so they invested new fiat between 11K and 12K, and now we are counting their totall losses again. It is getting near to 100% again, so we can expect a new big pump in the coming weeks.
xhomerx10
Legendary
*
Offline Offline

Activity: 3108
Merit: 5012



View Profile
September 21, 2020, 01:28:26 PM

Things aren't going well when you have to write I Don't Do Kids on your forehead

 Yeah that would be quite strange but if you're referring to Martin Lewis's forehead, the words are - I don't do ads
qwizzie
Legendary
*
Offline Offline

Activity: 2506
Merit: 1243



View Profile
September 21, 2020, 02:39:37 PM

$10,360 Free falling
Torque
Legendary
*
Offline Offline

Activity: 2870
Merit: 3675



View Profile
September 21, 2020, 03:01:21 PM

Also important is to pass the "live together" test. It's all nice and sweet when you only meet to go out and have fun. Only when you live under the same roof will you know if you can really be together.

This x 1 billion!!


Regarding criminals:
Leaked documents reveal some of the world’s biggest banks allowed criminals to move dirty money around the world https://t.co/ZnHwIZNdRJ?amp=1
https://twitter.com/BBCBreaking/status/1307726541783171073

Gee, wonder why ol' Warren Buffett dropped all of his bank stocks earlier this year? He couldn't have been tipped off, right?  /s  Wink
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2485


<<CypherPunkCat>>


View Profile WWW
September 21, 2020, 03:22:38 PM

"Hal Finney" Sun, 11 Jan 2009
Quote
As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
https://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html

Don't rule out any pricing option, look what they were talking about in 2009.

Important clause highlighted.  He obviously wasn’t looking into a crystal ball and predicting that.

This is why influential people sometimes become wary of any type of “what if?”, thinking-aloud types of brainstorming in public.
I do not mean a prediction from Hal, from the crystal ball, the "experiment" was in the testing phase but HF already anticipated that with a limited supply if BTC was successful the price would increase exponentially, he made a quick calculation.

Almost 11 years later with 7.8 billion people in the world, we continue with a high percentage of the population who have no idea about BTC, nor do they know what Bitcoin is, by the time (adoption) BTC reaches the consumer, all the BTC already It will be in the hands of institutions, Hodlers. very rich people, banks, exchanges, whales, miners, (not counting the lost BTC) members of WO Wink, then it will be when the satoshis enter the market, because few people will be able to pay the full price of 1BTC in 10 or 15 years.

Here the point of HF is that he was/is a real BTCull, with Hat, of course Wink

People will react similarly to gold, they will buy small pieces of BTC as store of value.
How many things can happen in the long term future? many.
That there will be some currency for the usual purchases in the day to day? probably with all security.

But if we get it right, no one will replace Bitcoin.

(Excuse my grammar, as you have already observed, my level of English is very bad.)
Karartma1
Legendary
*
Offline Offline

Activity: 2310
Merit: 1421



View Profile
September 21, 2020, 04:20:03 PM

I can't leave for a few days that I lose touch with everything here and corn starts to fall. If my 5 minutes reading is correct, I guess corn is following stocks right now and I still don't get why.  Angry

Regarding criminals:
Leaked documents reveal some of the world’s biggest banks allowed criminals to move dirty money around the world https://t.co/ZnHwIZNdRJ?amp=1
https://twitter.com/BBCBreaking/status/1307726541783171073
Gee, wonder why ol' Warren Buffett dropped all of his bank stocks earlier this year? He couldn't have been tipped off, right?  /s  Wink

This is juicy. Now that Bitcoin is not involved what they will be whining about? Oh, yes right, BANKS!
 Grin
Cryptotourist
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 738


Homo Sapiens Bitcoinerthalensis


View Profile
September 21, 2020, 04:31:24 PM
Merited by Toxic2040 (1)

Nocoiners Cafe, waiting for sub $10k prices:

MFahad
Hero Member
*****
Offline Offline

Activity: 1792
Merit: 572



View Profile WWW
September 21, 2020, 04:37:38 PM

Nocoiners Cafe, waiting for sub $10k prices:



nullius
Copper Member
Hero Member
*****
Offline Offline

Activity: 588
Merit: 2461


There is only one Bitcoin.


View Profile WWW
September 21, 2020, 04:40:51 PM
Merited by JimboToronto (2), Elwar (1), rolling (1)

In all fairness, I think banks are between a rock and a hard place when it comes to money laundering.

It is indeed a no-win dilemma, because “money laundering” is a made-up non-crime with premises so impossibly absurd that they would be comical, if the implications were not deadly serious.

Somebody needs to call out the emperor’s unclothes here.

Human societies existed for thousands of years before the very recent invention of the concepts underlying modern “anti money laundering” statutes and regulations.  Some of those societies were more stable, and had less crime, than any society in the world today.  They were not “libertarian” societies, either.  They simply had not invented the ridiculous notion that it is a crime to avoid having all money watched for “suspicious activity” at all times—just in case somebody may potentially use money to commit another crime.

What “money laundering” boils down to is a frightful bogey to herd human livestock into an un-unbanked pen of perpetual surveillance, Kafkaesque rules, and most importantly, the ability to extract confiscatory taxes oft exceeding the proportion of real value extracted from the labours of old-fashioned slaves.

The “money laundering” discussion has been framed in such a way that most people never pause to question the underlying assumptions.  Don’t be brainwashed brainlaundered.

You can't have both so what do you choose?

False-dilemma evasion.  Also a “crime”, in the current year.
xhomerx10
Legendary
*
Offline Offline

Activity: 3108
Merit: 5012



View Profile
September 21, 2020, 04:52:54 PM

Nocoiners Cafe, waiting for sub $10k prices:



 Now that's an innovative way to get out of paying for lunch.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2485


<<CypherPunkCat>>


View Profile WWW
September 21, 2020, 05:06:47 PM
Merited by JayJuanGee (1)

By the way, VB1001.... what is going on with your finances?  You have not figured out some way to buy back some sats?  aka stack some sats.
I am at this stage, some ridiculous purchase at some point depending on my mood, but I need extra liquidity to solve situations outside of my personal economy. Sometimes it's difficult to get into the thread, but being here also helps me disconnect from other things.
Thx, JJG


Elwar
Legendary
*
Offline Offline

Activity: 3584
Merit: 2382


Viva Ut Vivas


View Profile WWW
September 21, 2020, 05:22:50 PM
Merited by Hueristic (1)

In all fairness, I think banks are between a rock and a hard place when it comes to money laundering.

It is indeed a no-win dilemma, because “money laundering” is a made-up non-crime with premises so impossibly absurd that they would be comical, if the implications were not deadly serious.

Somebody needs to call out the emperor’s unclothes here.

Human societies existed for thousands of years before the very recent invention of the concepts underlying modern “anti money laundering” statutes and regulations.  Some of those societies were more stable, and had less crime, than any society in the world today.  They were not “libertarian” societies, either.  They simply had not invented the ridiculous notion that it is a crime to avoid having all money watched for “suspicious activity” at all times—just in case somebody may potentially use money to commit another crime.

What “money laundering” boils down to is a frightful bogey to herd human livestock into an un-unbanked pen of perpetual surveillance, Kafkaesque rules, and most importantly, the ability to extract confiscatory taxes oft exceeding the proportion of real value extracted from the labours of old-fashioned slaves.

The “money laundering” discussion has been framed in such a way that most people never pause to question the underlying assumptions.  Don’t be brainwashed brainlaundered.

You can't have both so what do you choose?

False-dilemma evasion.  Also a “crime”, in the current year.

I'm glad I'm not the only one who feels this way. I get crickets whenever I bring this up.

Anti money laundering laws are just "you have to tell the government about every transaction you make" laws.

And if you oppose them you're obviously some mob boss trying to move your money from the latest movie style heist.
Phil_S
Legendary
*
Offline Offline

Activity: 1750
Merit: 1255


We choose to go to the moon


View Profile
September 21, 2020, 05:35:45 PM
Merited by 600watt (1), degxtra1 (1)

100 years ago:



https://en.wikipedia.org/wiki/Wall_Street_bombing

Quote
At noon, a horse-drawn wagon passed by lunchtime crowds on Wall Street and stopped across the street from the headquarters of the J.P. Morgan bank at 23 Wall Street, on the Financial District's busiest corner. Inside the wagon, 100 pounds (45 kg) of dynamite with 500 pounds (230 kg) of heavy, cast-iron sash weights exploded in a timer-set detonation, sending the weights tearing through the air. The horse and wagon were blasted into small fragments, but the driver was believed to have left the vehicle and escaped.

The blast killed thirty people immediately, and another ten died later of wounds sustained in the blast.
Hueristic
Legendary
*
Offline Offline

Activity: 3094
Merit: 3115


Doomed to see the future and unable to prevent it


View Profile
September 21, 2020, 06:08:09 PM

In all fairness, I think banks are between a rock and a hard place when it comes to money laundering.

It is indeed a no-win dilemma, because “money laundering” is a made-up non-crime with premises so impossibly absurd that they would be comical, if the implications were not deadly serious.

Somebody needs to call out the emperor’s unclothes here.

Human societies existed for thousands of years before the very recent invention of the concepts underlying modern “anti money laundering” statutes and regulations.  Some of those societies were more stable, and had less crime, than any society in the world today.  They were not “libertarian” societies, either.  They simply had not invented the ridiculous notion that it is a crime to avoid having all money watched for “suspicious activity” at all times—just in case somebody may potentially use money to commit another crime.

What “money laundering” boils down to is a frightful bogey to herd human livestock into an un-unbanked pen of perpetual surveillance, Kafkaesque rules, and most importantly, the ability to extract confiscatory taxes oft exceeding the proportion of real value extracted from the labours of old-fashioned slaves.

The “money laundering” discussion has been framed in such a way that most people never pause to question the underlying assumptions.  Don’t be brainwashed brainlaundered.

You can't have both so what do you choose?

False-dilemma evasion.  Also a “crime”, in the current year.

I'm glad I'm not the only one who feels this way. I get crickets whenever I bring this up.

Anti money laundering laws are just "you have to tell the government about every transaction you make" laws.

And if you oppose them you're obviously some mob boss trying to move your money from the latest movie style heist.

Or worse, guilty unless you can prove innocence these days.
Torque
Legendary
*
Offline Offline

Activity: 2870
Merit: 3675



View Profile
September 21, 2020, 06:18:37 PM
Last edit: September 21, 2020, 06:36:52 PM by Torque

OT: Trevor Milton out at Nikola

On September 10, Nikola got hammered by detailed allegations of short-seller Hindenburg Research that the company was “an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career.”

In explaining its short position on the stock, Hindenburg Research summarized: “We have never seen this level of deception at a public company, especially of this size.”

Elizabeth Holmes: "Am I a joke to you??" (not public, but you get the reference)
Pages: « 1 ... 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 27236 27237 27238 27239 27240 27241 27242 27243 27244 27245 27246 27247 27248 27249 27250 27251 27252 27253 27254 27255 27256 27257 27258 27259 27260 27261 27262 27263 27264 27265 27266 27267 27268 27269 27270 27271 [27272] 27273 27274 27275 27276 27277 27278 27279 27280 27281 27282 27283 27284 27285 27286 27287 27288 27289 27290 27291 27292 27293 27294 27295 27296 27297 27298 27299 27300 27301 27302 27303 27304 27305 27306 27307 27308 27309 27310 27311 27312 27313 27314 27315 27316 27317 27318 27319 27320 27321 27322 ... 30771 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!