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

[Torque]

the true reason for rejections is " we dont want help bitcoin in anyway, because we dont like itcan't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

FTFY

[Ibian]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

It was so real this song began playing right as it happened:

http://www.youtube.com/watch?v=VcXV1Pm77h4

I don't know what that means.

[r0ach]

can't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

Except by just printing some fiat, buying a bunch of miners (which isn't decentralized), then keep parlaying the profits of those miners into infinity like every miner already does?  PoW is mostly externalized proof of stake in practice.

[swogerino]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

It was so real this song began playing right as it happened:

http://www.youtube.com/watch?v=VcXV1Pm77h4

I don't know what that means.

You gotz to be jokin'!

Go watch Wolf on Wall Street my man!

I can just hear him sayin' : Alright, Alright, Alright!
https://youtu.be/FlaC0ZFcGrI

[Torque]

can't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

Except by just printing some fiat, buying a bunch of miners (which isn't decentralized), then keep parlaying the profits of those miners into infinity like every miner already does?  PoW is mostly externalized proof of stake in practice.

So the wealthy elite can't just print money and buy up all of what little Gold there is on the planet? Or hell, do they even need to prove that they actually bought it in the first place?

[bones261]

can't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

Except by just printing some fiat, buying a bunch of miners (which isn't decentralized), then keep parlaying the profits of those miners into infinity like every miner already does?  PoW is mostly externalized proof of stake in practice.

So the wealthy elite can't just print money and buy up all of what little Gold there is on the planet? Or hell, do they even need to prove that they actually bought it in the first place?

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

[Karartma1]

so bitcoin does not, and probably never will, fit into any existing legal system.

Math doesn't need to fit into legal systems. Legal systems need to fit into Math!

Agreed



It’s like asking why is Ludwig van Beethoven’s Ninth Symphony beautiful. If you don't see why, someone can't tell you. I know numbers are beautiful. If they aren't beautiful, nothing is.
Paul Erdos

[r0ach]

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

[savetherainforest]

FUCK THE ETF!

New ATH coming at ya this month or soon after. Better for all of us that this wall street bullshit did not screw things up for BTC in the long haul

They can't regulate BTCiTcoin anyway... that is their problem!


ATH would have failed!... Because mostly everyone would have bought the real thing!(in spite of the ATH existance)... Meaning that their rigged paper market attempt with the ATH was just to store value in a place with a rigged system and keep a stable value!... even when the real trades of bitcoin where going down! Meaning that it was a "safe haven" for them to park their money! And they basically being "vampire feeders" of a stable currency, while the others where crashing!

But the problem stands that when they talk a big game about big amounts! No one will want their 'fake' monopoly money that are just numbers on the screen when the big deals will take place. Because they are still dependable on their banking vulnerabilities that no amount of money would be recoverable when the system fails. Meaning the fake banking system will drag everything with them that is remotely related to them in any way, shape or form... including all the mainstream "money" (allegedly: dollar, euro, etc...) and their paper gambling game rigging that is in the gold / silver or maybe bitcoin as well, and everything... has the same value! (that value being : *worthless!* )

[marcus_of_augustus]

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

[savetherainforest]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

It was so real this song began playing right as it happened:

http://www.youtube.com/watch?v=VcXV1Pm77h4

I don't know what that means.

You gotz to be jokin'!

Go watch Wolf on Wall Street my man!

I can just hear him sayin' : Alright, Alright, Alright!
https://youtu.be/FlaC0ZFcGrI

https://www.youtube.com/watch?v=7TazQv8gLF4


 


Fairy dust! .. exactly!

[Killerpotleaf]

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

the question now is, can the market support these prices without this "ETF coming Soon^TM" bullishness.

i'm betting that it can't, and we in for a sizeable drop, probably Below 1000$.. i'm looking forward to a more reasonable 950

[Killerpotleaf]

[leowonderful]

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

the question now is, can the market support these prices without this "ETF coming Soon^TM" bullishness.

i'm betting that it can't, and we in for a sizeable drop, probably Below 1000$.. i'm looking forward to a more reasonable 950

Well the worst is likely over, the big selloff was the bulk of it but there might be smaller dips later here and there. I'm betting we'll drop right back down again to 1000 once we poke around 1250 if we even get there or even lower.

[Torque]

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

From what I understand, they were trying to corner the silver market using excessive leverage. The banks changed the rules out of the blue regarding margin, eventually forcing a margin call.

So what have we learned? Welp, that's "regulation" for ya folks. And people really wanted this Bitcoin ETF thing to happen?  Pfff. I think Bitcoin would be better off without "regulation".

[Killerpotleaf]

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

the question now is, can the market support these prices without this "ETF coming Soon^TM" bullishness.

i'm betting that it can't, and we in for a sizeable drop, probably Below 1000$.. i'm looking forward to a more reasonable 950

Well the worst is likely over, the big selloff was the bulk of it but there might be smaller dips later here and there. I'm betting we'll drop right back down again to 1000 once we poke around 1250 if we even get there or even lower.

the sell off was the bets being placed. now we wait and see if the bets are winners.

[r0ach]

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

From what I understand, they were trying to corner the silver market using excessive leverage. The banks changed the rules out of the blue regarding margin, eventually forcing a margin call.

So what have we learned? Welp, that's "regulation" for ya folks. And people really wanted this Bitcoin ETF thing to happen?  Pfff. I think Bitcoin would be better off without "regulation".

This isn't really true.  The Hunt brothers weren't a couple of jews trying to pump and dump silver, they were trying to bring back hard money in general.  They knew the price of silver was manipulated far lower than it should be and tried to break the bank so to speak.  Bankers changed the rules on the fly to liquidate their accounts.  It seems the only people who are allowed to break the bank are guys like...(((George Soros))).

[bones261]

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

From what I understand, they were trying to corner the silver market using excessive leverage. The banks changed the rules out of the blue regarding margin, eventually forcing a margin call.

So what have we learned? Welp, that's "regulation" for ya folks. And people really wanted this Bitcoin ETF thing to happen?  Pfff. I think Bitcoin would be better off without "regulation".

[Torque]

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

From what I understand, they were trying to corner the silver market using excessive leverage. The banks changed the rules out of the blue regarding margin, eventually forcing a margin call.

So what have we learned? Welp, that's "regulation" for ya folks. And people really wanted this Bitcoin ETF thing to happen?  Pfff. I think Bitcoin would be better off without "regulation".

[marcus_of_augustus]

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

the question now is, can the market support these prices without this "ETF coming Soon^TM" bullishness.

i'm betting that it can't, and we in for a sizeable drop, probably Below 1000$.. i'm looking forward to a more reasonable 950

maybe you're asking the wrong question and therefore betting not only on the wrong pony but the wrong race at the wrong track?

what if the question actually is, how much has the ETF deadline anticipation held bitcoin price growth below the adoption/halving trend it had been on for the previous 12 months?