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

[bassclef]

No that we know Bitfinex is doing insider trading this article goes well along.

http://www.nasdaq.com/article/recent-big-bitcoin-drop-looks-like-a-squeeze-that-could-be-a-huge-problem-cm434773

News flash, every market is insider traded. What do you think the marker makers on the floor of trading pits do? They can see the big orders coming in (they must make a market with these), and they see where all the stops are.

[ronald98]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

I agree, the sooner this bear bubble bursts the better.

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

oh not again with this no-argument plz. big miners dont dump. or else they dump OTC. not on stamp or finex.

I'm sure some do, is there a lot of liquidity on OTC?

The OTC buyers must sell to someone. What if they dump on stamp or finex?

OTC buyers are usually the whales who manage to acquire thousands of BTC. Perhaps they hold.

Like the US marshals auction winners?

[madmax6688]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

I agree, the sooner this bear bubble bursts the better.

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

oh not again with this no-argument plz. big miners dont dump. or else they dump OTC. not on stamp or finex.

I'm sure some do, is there a lot of liquidity on OTC?

The OTC buyers must sell to someone. What if they dump on stamp or finex?

OTC buyers are usually the whales who manage to acquire thousands of BTC. Perhaps they hold.

Like the US marshals auction winners?

Well, they bought the majority from the auction itself but perhaps they continue to amass bitcoins through OTC, discretely.

[mmitech]

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

Guess we're in agreement then mostly. There are some signs that the (2013) 2014 (2015) bear market is, if not ending, getting closer to an end, but your guess is as good as mine if we already reached bottom or not.

Here's what I think:

I don't buy the bullshit of extending a line running through historic price on a log chart arriving at ONE MILLION DOLLAR per bitcoin by the end of next Thursday, but I also don't buy the bearshit of declaring Bitcoin dead and failed when VC money pours in like it did this year.

The latter doesn't mean we're going to rally now, not even this year or the next necessarily, but I do take it as another milestone for crypto becoming entrenched as a part of human society.

Which sounds good enough for me. The rest is a matter of your investment time horizon, your risk profile, and your ability to control risk.

Yes, venture capitalists look at things mid-long term, beside they are leveraging their risk by investing in companies that will build the Bitcoin ecosystem and push growth, this is what Bitcoin really need and I am happy that money is going to the right place, these companies will eventually exist even if Bitcoin fails...some think that VC money should be spent on buying bitcoins which is just outrageous, because it will just enrich the "get rich kids" instead of doing any good to the ecosystem and the real community around it.

Most of us here Acknowledge the potential of cryptocurrencies, I choose the objective way to look at things which somehow offend most of people here...I understand, these guys have hopeless lives, they didn't achieve or accomplish anything so they hope and wish and rely on the success of Bitcoin, and by success I mean the price skyrocketing, but the truth is that Bitcoin is already going mainstream and succeeding... guess what, even if Bitcoin fails it wont effect my life a single bit, now try ask your self the same question, if you will be effected a single bit then maybe it is time for your to rethink your position.

[mrkavasaki]

better to buy back my bitcoins?
will we go up soon?

[nakaone]

since all this price discovery games are psychological/sociological and at this point completely detached from the fundamentals I think we buttomed - even in the case we did not I think it is a wonderful time to buy because I assume we will not see a long term price level far beyond the current one.

[ronald98]

better to buy back my bitcoins?
will we go up soon?

Why are you asking if we will go up soon when you have "Bitcoin is dead" written underneath your name?

[LFC_Bitcoin]

better to buy back my bitcoins?
will we go up soon?

Yes.

Almost guaranteed.

Buy now before it's too late.

[N12]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

[hdbuck]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

[tomothy]

For those of us that may not have access to sound; what does the audio file say and/or state?

[Davyd05]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

so despite him saying he doesn't actively trade it, you wanna start a witch hunt. I am sorry its not cool for him to divest or manage his wealth to an extent.

[NotLambchop]

...will we go up soon?

Yes.  We will almost go up.
Almost guaranteed.
...

FTFY

@Davyd05:  Not on his own exchange, no.

[N12]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

so despite him saying he doesn't actively trade it, you wanna start a witch hunt. I am sorry its not cool for him to divest or manage his wealth to an extent.

He contradicts himself by backpedaling later. He trades.

As someone else on Reddit sums it up:

"IM NOT TRADING. WELL, IVE BEEN A TRADER MY WHOLE LIFE AND I BUY WHEN IT GOES DOWN AND SELL WHEN IT GOES UP BUT YEAH IM NOT ACTIVELY TRADING, THAT WOULD BE INAPPROPRIATE."

[freebit13]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

Professional amateur or honest criminal?

[N12]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

Professional amateur or honest criminal?

Well, amateur criminals.

Not to worry though, another one is ready to back him up, assuring us that they oversee themselves:

2. First off, anyone at bitfinex should be able to use bitfinex. As others have mentioned, we are all interested in an asset, but we don't have inside information into bitcoin. That being said, we don't allow any employees to game the system by front running orders, etc. As someone mentioned, we have long term positions, which may need to be adjusted, but we all trade on our own accounts, and they are monitored by the whole management team as a check and balance system. As far as my swaps, I have exactly the same information as the rest of you, I don't tinker with the production data, as I am working on integrating the new system which is not live yet.

[Davyd05]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

so despite him saying he doesn't actively trade it, you wanna start a witch hunt. I am sorry its not cool for him to divest or manage his wealth to an extent.

He contradicts himself by backpedaling later. He trades.

As someone else on Reddit sums it up:

"IM NOT TRADING. WELL, IVE BEEN A TRADER MY WHOLE LIFE AND I BUY WHEN IT GOES DOWN AND SELL WHEN IT GOES UP BUT YEAH IM NOT ACTIVELY TRADING, THAT WOULD BE INAPPROPRIATE."

are you going to really, discriminate the difference between actively trading on a daily basis, vs adjusting his position as the fucking asset tanks? man you're showing your inner lambchop today.

A decent attack would've just stated they shouldn't allow employees to trade @ bitfinex, and that they should manage or trade their bitcoin holdings at a different exchange. Instead we incite witch hunts.

[luckygenough56]

better to buy back my bitcoins?
will we go up soon?

not a chance

[noobtrader]

For all those doubting how amateurish and criminal our exchanges are, tune in yourself: http://vocaroo.com/i/s1JIOjeIjWbN

A professional criminal would never slip up, and an honest amateur would not do this. But when you combine both, you get the clusterfuck we have.

Professional amateur or honest criminal?

he is not a criminal yet....

[N12]

are you going to really, discriminate the difference between actively trading on a daily basis, vs adjusting his position as the fucking asset tanks? man you're showing your inner lambchop today.

Not my problem you don't know what trading is: I'm not the one discriminating between timeframes. Whether he trades on a daily basis or every couple months, he could engage in stop hunting etc., especially considering it's a platform for margin positions it's quite sensitive.

BTW, as I understand it, the context of this audio recording is that he slipped up before that on some Teamspeak channel, and the shitstorm came over him via a couple Reddit threads. So, lots of backpedaling is to be expected.

Are you telling me that such things should not be investigated, and that exchanges shouldn't publish a ruleset how they deal with such conflicts of interest? Hell, even the Micky Mouse Magic the Gathering exchange always claimed that they forbid their employees from trading there.