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

[Hunyadi]

My bold prediction is that we have seen ETH's top (or at least are very near to it) and BTC's bottom. From now on, ETH goes down down DOWN and BTC up up UP!

[BlindMayorBitcorn]

My bold prediction is that we have seen ETH's top (or at least are very near to it) and BTC's bottom. From now on, ETH goes down down DOWN and BTC up up UP!

Eventually the alt market has to go the other way. But if I knew how I would have shorted the lot of them ages ago and gone broke. So who knows when.

[Hunyadi]

My bold prediction is that we have seen ETH's top (or at least are very near to it) and BTC's bottom. From now on, ETH goes down down DOWN and BTC up up UP!

Eventually the alt market has to go the other way. But if I knew how I would have shorted the lot of them ages ago and gone broke. So who knows when.

That's true. ETH just look very heavy now. I'm not currently shorting, but if ETH breaks ATH again, I will.

[ChartBuddy]

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[explorer]

I am the angel of death

The time of putrification is at hand

FTFY

[BlindMayorBitcorn]

I wouldn't be surprised to see some shocking news about some core devs mysteriously  disappearing.

this has VERY often been the price to sticking to one's principles...

I've been waiting for someone to say this. It's a scary thought.

In fact I seem to remember some mention somewhere about death threats received by different developers. Kind of morbid, but a thread keeping track of them all would be helpful. Anybody game?

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Andre#]

I am the angel of death

The time of purification is at hand

Vitalik keeps getting thinner and thinner.

It's not Vitalik, it's Luke Jr. You know, the guy who thinks the Sun revolves around the Earth.

https://www.reddit.com/r/btc/comments/492ahc/lukejr_referring_to_consensus_in_2009_the/

[marcus_of_augustus]

holy shit wtf is going on?

https://medium.com/@barmstrong/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf#.pscurkusv

Armstrong speaks --> price retreats

Amstrong's blog is from yesterday. Price started retreating three days ago. Perhaps the correct causality is

price retreats --> Armstrong speaks

Armstrong went full Buttcoin weeks ago.

Armstrong running the biggest fiat exchange is like putting Stolfi in charge of Blockstream.  The only question is "malice or incompetence?"

armstrong is the next karpeles and coinbase is the next gox ... no company is bigger than bitcoin, they all seem to want to learn that mistake the hard way ... the warning signs have been there for quite while and the pattern is too familiar to be ignored.

if I was him I'd be making arrangements for what happens while he goes inside.

[ChartBuddy]

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[bitebits]

This has been one of the best BTC shakeouts ive seen this yr...4months before halving...things are getting very interesting.

Let me paraphrase what you really meant to say in your above post.
"I'm here posting in the BTC/USD wall observer thread in order to wank off regarding my lil alt coin friend."

eh,lol   dunoo wot u talkin about m8.
Ok i mean...if someone wants alot of btc and market isnt dumpin...lets get them to trade for a coin thats been pumped x12 in 2months, and then dump on them too take at least half the BTC of them...alot of strong handed BTC players have been buyin another coin at its ath..those guys maybe in for a rude awaking.
Also this core/classic/seg/blkstream blah blah might do nothing at all and the BTC halving kicks in...
Finally i firmly believe BTC will have another ATH before halving.

I agree with Mrpumperitis for a change, these altcoin price movements are no coincidence at all. Whales are accumulating bitcoins by pumping altcoins. As a consequence bitcoins price declines (since they mainly get traded for bitcoins) and expensive altcoins get traded back for cheap bitcoins:

If I were a market maker and want to accumulate more btc before the inevitable halving and 'consensus' price rise, I would definitely:

0. Accumulate on the almost forgotten alt coin market
1. Spread FUD so people sell their btc, btc price drops
2. Pump altcoins. People sell their btc in the chase, btc price drops further (<--- we are here)
3. Dump expense altcoins for cheap bitcoins.
4. Let the bitcoin bubble occur because of 'consensus' and halving
5. People sell cheap altcoins for chasing expensive bitcoins
5. Sell expensive bitcoins for cheap altcoins
6. Spread FUD
7. Rinse, repeat.

[bitebits]

There's a fella on r/btc doing a sterling job bringing the Chinese side of things to life. Here's his latest summary of Jihan Wu from Antpool's post on 8btc - https://www.reddit.com/r/btc/comments/495866/the_rbtc_china_dispatch_11_summary_selected/

What seems bizarre to me is that the HK CRTA comes out and the market shoots up from $375 to $450, a seventy five dollar increase. Then pools start coming out one at a time making it clear there is no consensus, and the market only retraces 60 bucks.

It seems like there should be more than a complete retrace.  28.4 million in leveraged longs on BFX. It seems crazy to say this, especially so close to the halving, but I think there is a real possibility that $300 will get another serious test of support.  There is still too much uncertainty with scaling and governance. 

I placed some (admittedly greedy) bids accordingly. One can dream right

[JayJuanGee]

There's a fella on r/btc doing a sterling job bringing the Chinese side of things to life. Here's his latest summary of Jihan Wu from Antpool's post on 8btc - https://www.reddit.com/r/btc/comments/495866/the_rbtc_china_dispatch_11_summary_selected/

What seems bizarre to me is that the HK CRTA comes out and the market shoots up from $375 to $450, a seventy five dollar increase. Then pools start coming out one at a time making it clear there is no consensus, and the market only retraces 60 bucks.

It seems like there should be more than a complete retrace.  28.4 million in leveraged longs on BFX. It seems crazy to say this, especially so close to the halving, but I think there is a real possibility that $300 will get another serious test of support.  There is still too much uncertainty with scaling and governance. 

Were you able to close those shorts that you had opened in the $370s and $380s?   Oh?  why am i asking?  it seems you are still predicting $300, so probably, you have not closed those shorts, yet.  Oh well... It's starting to seem more and more like $382 may have been the bottom... at least for now...

[ChartBuddy]

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[gentlemand]

armstrong is the next karpeles and coinbase is the next gox ... no company is bigger than bitcoin, they all seem to want to learn that mistake the hard way ... the warning signs have been there for quite while and the pattern is too familiar to be ignored.

if I was him I'd be making arrangements for what happens while he goes inside.

Right on, dude.

One is capitalised to the tune of tens of millions from the NYSE among others, has multiple money transmitting licences and a pile of respected employees. The other is a non verbal autist on a beach ball who bought a card trading site from another autist.

Hang on a moment...

[ChartBuddy]

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[Morecoin Freeman]

Bitcoin looking healthy again.

[ChartBuddy]

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