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

[shmadz]

Just bought back in myself.

Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!

 logic does indeed apply.

 You mentioned how little bitcoins is available on current exchange..

 once you consider how little bitcoins is available to be mined as new issuance moving forward, then the logic of accumulation at the current price makes perfect sense

 in other news, can you guys please crash this thing already. As low as possible for as long as possible

[1714700254]

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[1714700254]

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[shmadz]

Just bought back in myself.

Just looking at how little BTC is even on the books to sell at the moment, on my current exchange, okcoin, and I'm feeling pretty bullish. Yeah buying at a 2 year ATH sounds really dumb, but this is bitcoin we are talking about, logic doesn't apply!

 logic does indeed apply.

 You mentioned how little bitcoins is available on current exchange..

 once you consider how little bitcoins is available to be mined as new issuance moving forward, then the logic of accumulation at the current price makes perfect sense

 in other news, can you guys please crash this thing already. As low as possible for as long as possible

Btw, for those that are new, almost 75% of all bitcoins that will ever exist have already been mined. Many of the very early coins were either lost or will likely never be spent. Sometime next month the rate of issuance will be cut in half, again. After that point there will only be 2.625 million issued over the next 4 years.

If things go badly in the world national fiat system, Fear of missing out will turn to panic. Or bitcoin could fail tomorrow and we discover that inescapable debt is really not a bad thing...

Interesting times ahead.

[savetherainforest]

at some point they will run out of idiots to borrow coins from and then the market can find the monetary premium instead of bouncing along on the cost-of-production floor (which is ever-increasing and soon to be doubling anyway)

in fact I find strange the many thousands of coins lent out on BFX at a rate always <0.00X%.
Don't these lenders think if they are sabotaging themselves lending at so low rates to shorters against their coins value?

I stopped lending when rates on Polo went below 0.04%/day.

Dude .. I made like 2.8% - 3.5% just in a week of trading! And the exchange trading bot holds the prices from both sides always on longs and with a diminishing return scale applied! So when people get scared and panic, that bot makes huge profits! Considering they don't pay fees for any of their transactions!

[2015Bubble]

This entire forum is utterly and thoroughly unreadable third world nonsense broken english gibberish

They spam their bullshit broken english to make a dollar a week from their sig campaign, and couldn't give a flying fuck about Bitcoin.

This is the only semi-readable thread on this entire forum.

And reddit, is well reddit.  A gigantic shithole.  When will there be a decent forum for bitcoiners?

Do you own any btc or meths?
I place my bet on meths

[savetherainforest]

This entire forum is utterly and thoroughly unreadable third world nonsense broken english gibberish

They spam their bullshit broken english to make a dollar a week from their sig campaign, and couldn't give a flying fuck about Bitcoin.

This is the only semi-readable thread on this entire forum.

And reddit, is well reddit.  A gigantic shithole.  When will there be a decent forum for bitcoiners?

Do you own any btc or meths?
I place my bet on meths

Why would you bother with his toxicity? 
Don't you see he is a nutcase craving for attention and not adding positive value to society? 

[2015Bubble]

1880 1.4k sellwall at huobi.
After that m00n

[TERA]

Everyone buy Chinacoin.

[2015Bubble]

Wall gone PUMP GOD DAMNIT SO I CAN SLEEEEEP

[TeeBone]

here we go, china pumping.

[BlindMayorBitcorn]

Well I know I'm entertained.

[marcus_of_augustus]

[Searing]

This entire forum is utterly and thoroughly unreadable third world nonsense broken english gibberish

They spam their bullshit broken english to make a dollar a week from their sig campaign, and couldn't give a flying fuck about Bitcoin.

This is the only semi-readable thread on this entire forum.

And reddit, is well reddit.  A gigantic shithole.  When will there be a decent forum for bitcoiners?

Do you own any btc or meths?
I place my bet on meths

lol

I got a coin or two

https://imgur.com/xtctj1i

I'd gladly give away half these coins to watch every signature spam poster including Theymos get gassed.

p.s. that's an old pic I got a lot more bitcoins now.

HEY! I resemble that remark.

On a side note being a newbie in 2013 and watching BTC go from 150 on OCT 8th 2013 when I started my KNC Jupiter 550gh up to over 1000 bucks like 6-8 weeks later..(I think I ROI'd in 6 weeks? ......man that was the way this was 'supposed' to work by golly.

Such a happy newbie I was But if BTC can go irrationally down on FUD etc from the ATH the last few years...human
nature being what it is ..it SHOULD DANG IT go up for no particular reason 50% of the time on the flip side...or so it seems to me.

Would be nice to visit 1,000 usd again before NEW fud happens in BTC land due to the 'corruption' of money



We will see.

[Andre#]

I thought the polls here had a history of being insanely inaccurate? Still, I guess it's gonna come at some point kinda soon.

they are often not properly posed: <100 is also <500 and <1000.
Intervals should be like: 500-600, 600-700, with extremes open like <100 and >1000.   

So the current poll is actually:

> 800
700-800
600-700
520-600
480-520
450-480
420-450
< 420

[Fatman3001]

Quite the contender for the Bitcoin Hymn.

[TERA]

[savetherainforest]

Who is regulating the exchanges? ... The question being :  How does one know the exchange is not pumping fake coins backed by excess fiat? Can we have some kind of surveillance on them? Big brother style... or more than that if possible!

[TERA]

Nothing is regulated here. It's the wild wild west. You are paying a risk premium for all of this volatility.

Bitstamp recently got some kind of license but strangely since then nobody uses it anymore...

[savetherainforest]

Nothing is regulated here. It's the wild wild west. You are paying a risk premium for all of this volatility.

Bitstamp recently got some kind of regulation but strangely since then nobody uses it anymore...

By regulation I mean full transparency of the exchanges and their employees! ... I want to see even if they make a backdoor deal even when they are on a toilet.

I have a very strong feeling that some exchanges don't have the coin necessary to back their transactions. Meaning I think that "The Club" can be pulling a fast one on us by creating fake and not backed supply.

[molecular]

It's imminent the next arrival to $600. The poll shows that most bitcoiners expect an increase to $1000 at the end of this month, and perhaps it's a good time to become optimistic despite my usual skepticism.  

you know, when people are out on the streets happily roaming about wearing sunglasses and flipflops because the sky is blue, it can be hard to imagine rainfall and cold air.

EDIT: I read a lot of "I'm all in", "finally bought back today" comments here. That makes me think we could well have a sizable correction this weekend.

On the other hand: mass-media hype has just started. There's a huge delay for "normal folk" to "get in". Could have more legs, too.

Maybe both.

[TERA]

Bitstamp has some kind of auditable system for their coins.

I believe that Coinbase is the only fully regulated exchange, but they're not really an exchange. They only do about 8,000BTC of volume per day, have a 5% spread, steep commissions, low limits, and take days to deliver your bitcoins.