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

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[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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Explanation

[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]

Coin



Explanation

[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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Explanation

[Morecoin Freeman]

Bitcoin looking healthy again.

[ChartBuddy]

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Explanation

[Andre#]

Bitcoin looking healthy again.

Yes, and blocks are still maxxed out.

[bitebits]

Interesting last 24 hours statistics from ShapeShift.io (scroll down) new beta website.
There is clearly a bitcoin to altcoin surplus (Alt to BTC is a meager 15%). The only hard thing is to predict when in will pop.

[billyjoeallen]

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...

My short is a hedge because I am way too heavy and undiversified, having almost my entire life savings in Bitcoin. I WANT that short to blow up. It is a hedge. So no, I didn't close it and I won't until and unless it
1) blows up
2) I can see some tangible progress on the scaling, governance and mining concentration problems
3) there is a real, honest to goodness long squeeze.

[ahpku]

Bitcoin looking healthy again.

Yes, and blocks are still maxxed out.

This pleases Legacy Finance.

[doc12]

Here we go EPIC ETH DUMP imcoming    3100 BTC red dildo  


Hm BTC spam attack is over and ETH is crashing. What a coincidence 

[ChartBuddy]

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Explanation

[noobtrader]

Here we go EPIC ETH DUMP imcoming    3100 BTC red dildo  


Hm BTC spam attack is over and ETH is crashing. What a coincidence 

btc spam attack is over... shhhhhh...  at least...