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

[Shankara]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

[r0ach]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

We all already knew Finex was backed by fraud and just about any Chinese monetary instrument is fraud^2.  One of the exchange owners is probably naked long by millions of dollars while the other is naked short millions of dollars.

[JayJuanGee]

what the heck has the price so disparate at finex? (i haven't been on the forum or following news for a week or so...)

My tentative theory is that the dumps of the last few days have been sort of renegade dumps, and accordingly there is a considerable difference of opinion between whales about whether we are going up or going down, and different whales have made their bets in opposite ways and they are not quite ready to give up yet.

Yeah, right we can have manipulation in bitcoin, and we know that manipulation happens, but sometimes the various whales are not on the same page.. and which way is this going to resolve? 

I was kind of resolved towards resolving upwards - but the longer that it carries out, I begin to lose some confidence in my own inclinations.

The next 24 hours are critical.

[JayJuanGee]

Looks legit

where is the evidence of some kind of "fraud?"

We have a difference of opinions with the whales on Bitfinex and the whales on Stamp... and the others are waiting to see which way we resolve.

I don't understand what the evidence of bitfinex fraud is, at the moment.

[JayJuanGee]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

We all already knew Finex was backed by fraud and just about any Chinese monetary instrument is fraud^2.  One of the exchange owners is probably naked long by millions of dollars while the other is naked short millions of dollars.

In order to have whales battling it out, they do not necessarily need to be engaging in insider trading - even though that is possible, it is not a necessary condition in order to have sets of whales battling it out and sets of whales believing in the opposite direction..

In the end, which direction is going to win, or will we just end up consolidating for a little while until one side or another can gather some more ammunition?

[york780]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

We all already knew Finex was backed by fraud and just about any Chinese monetary instrument is fraud^2.  One of the exchange owners is probably naked long by millions of dollars while the other is naked short millions of dollars.

In order to have whales battling it out, they do not necessarily need to be engaging in insider trading - even though that is possible, it is not a necessary condition in order to have sets of whales battling it out and sets of whales believing in the opposite direction..

In the end, which direction is going to win, or will we just end up consolidating for a little while until one side or another can gather some more ammunition?

In times of war there's no winner. War is bad for business. According to this we go down to the 12 dollar zone where's major support. Maybe after that a head and shoulders what will bring us to a price of 20 dollar.

[bones261]

where is the evidence of some kind of "fraud?"

We have a difference of opinions with the whales on Bitfinex and the whales on Stamp... and the others are waiting to see which way we resolve.

I don't understand what the evidence of bitfinex fraud is, at the moment.

What happened last August certainly doesn't bode well for them. At best, their security was run by nincompoops, that allowed a "hacker" to steal umpteen private keys. At worst, they are a bunch of scammers that used a "hack" as a cover up for running a fractional reserve after some bad naked moves on the marginal exchange.
I still have no idea why people would use them. I guess sheeple always go to where the most volume is, even if they're being led to the slaughter. Maybe they all think they can pull out in time. But we all know that simply planning on pulling out is a bad family planning strategy.  

[gentlemand]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

Neither of them work as exchanges at present. Ergo there's no point in getting one's knickers in a twist about the prices they're signalling.

[JayJuanGee]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

We all already knew Finex was backed by fraud and just about any Chinese monetary instrument is fraud^2.  One of the exchange owners is probably naked long by millions of dollars while the other is naked short millions of dollars.

In order to have whales battling it out, they do not necessarily need to be engaging in insider trading - even though that is possible, it is not a necessary condition in order to have sets of whales battling it out and sets of whales believing in the opposite direction..

In the end, which direction is going to win, or will we just end up consolidating for a little while until one side or another can gather some more ammunition?

In times of war there's no winner. War is bad for business. According to this we go down to the 12 dollar zone where's major support. Maybe after that a head and shoulders what will bring us to a price of 20 dollar.

That's bullshit.

You are attempting to conflate issues.

We are talking about trading and differences of opinions about price. 


This matter is likely to resolve within a small range (5-15%)... Sure we could get a correction that moves us in larger amounts (such as 15% to 50%), especially if  you throw in a bit of FUD and/or FOMO.. but the fact of the matter is that the larger the degree of variance  from our present price point, the large amount of ammunition that needs to be thrown at the situation in order to cause the desired direction - whether that comes from whales or whether that comes from the masses jumping on board to contribute to the resolution direction.

[JayJuanGee]

where is the evidence of some kind of "fraud?"

We have a difference of opinions with the whales on Bitfinex and the whales on Stamp... and the others are waiting to see which way we resolve.

I don't understand what the evidence of bitfinex fraud is, at the moment.

What happened last August certainly doesn't bode well for them.

That's bullshit.

August was nearly an eternity in bitcoinlandia.

NOW, I will concede that in August the Bitfinex situation was quite dire and very questionable whether they were acting with integrity or if they would recover from the whole situation.

They also pulled off a considerable amount of innovation that a lot of people thought would not work.

The fact of the matter, their credibility might be damaged in the eyes of some, but they pulled off some pretty amazing feats in the last 6 months.

At best, their security was run by nincompoops, that allowed a "hacker" to steal umpteen private keys.

I agree that the story just does not seem to add up, but Bitfinex has had an amazing recovery, and so far, their recovery has not been shown to be smoke and mirrors (even though it could be).

At worst, they are a bunch of scammers that used a "hack" as a cover up for running a fractional reserve after some bad naked moves on the marginal exchange.

I think that you are engaged in a bunch of unfounded conspiracy theory speculation, here.

I still have no idea why people would use them. I guess sheeple always go to where the most volume is, even if they're being led to the slaughter. Maybe they all think they can pull out in time. But we all know that simply planning on pulling out is a bad family planning strategy.  

Yes.  There is risk to get involved in various exchanges, but so far, our system of price finding happens through exchanges, and until we transition to some other system, exchanges seem to be a necessary evil.... or at least part of our current world. 

Let's see.  Maybe some day exchanges will become a thing of the past, but they are a thing of the present, so we need to live in reality rather than wishing that reality were something else... or act like reality is something else.

[bones261]

At worst, they are a bunch of scammers that used a "hack" as a cover up for running a fractional reserve after some bad naked moves on the marginal exchange.

I think that you are engaged in a bunch of unfounded conspiracy theory speculation, here.

You're probably right.

I still have no idea why people would use them. I guess sheeple always go to where the most volume is, even if they're being led to the slaughter. Maybe they all think they can pull out in time. But we all know that simply planning on pulling out is a bad family planning strategy.  

Yes.  There is risk to get involved in various exchanges, but so far, our system of price finding happens through exchanges, and until we transition to some other system, exchanges seem to be a necessary evil.... or at least part of our current world.  

Let's see.  Maybe some day exchanges will become a thing of the past, but they are a thing of the present, so we need to live in reality rather than wishing that reality were something else... or act like reality is something else.

I guess that I am still bitter from taking a haircut with Bitfinex. I suppose that I could try to get back on the horse again.

[york780]

So damn silent here jeez!

I expect some nice panic fud recking this night guys.
I am not gonna sell a single satoshi tho.
The chart just looks like the moment after the ETF denail, almost at ATH again, slowly decrease with no bullish support.
Lots of FUD rightnow, to much to mention. Also Altcoin party keeps on kicking it seems.
I am gathering my fiat money already.
I feel I am the last bull standing against an army of heavily armed bears who are willing unleas their full power soon.
It must be a trick by the whales, hmmm CONSPIRACY!!

[bones261]

It must be a trick by the whales, hmmm CONSPIRACY!!

I'm not a whale. I'm a minnow. However, if you can refer any whales my way, I'd love to get paid to FUD. 

[BurstIncomeAsset]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

We all already knew Finex was backed by fraud and just about any Chinese monetary instrument is fraud^2.  One of the exchange owners is probably naked long by millions of dollars while the other is naked short millions of dollars.

In order to have whales battling it out, they do not necessarily need to be engaging in insider trading - even though that is possible, it is not a necessary condition in order to have sets of whales battling it out and sets of whales believing in the opposite direction..

In the end, which direction is going to win, or will we just end up consolidating for a little while until one side or another can gather some more ammunition?

In times of war there's no winner. War is bad for business. According to this we go down to the 12 dollar zone where's major support. Maybe after that a head and shoulders what will bring us to a price of 20 dollar.

price will stay the same, people will be too busy with other things that won't sell neither buy BTC and the volume will be 0

[JayJuanGee]

what the heck has the price so disparate at finex? (i haven't been on the forum or following news for a week or so...)

My tentative theory is that the dumps of the last few days have been sort of renegade dumps, and accordingly there is a considerable difference of opinion between whales about whether we are going up or going down, and different whales have made their bets in opposite ways and they are not quite ready to give up yet.

Yeah, right we can have manipulation in bitcoin, and we know that manipulation happens, but sometimes the various whales are not on the same page.. and which way is this going to resolve?  

I was kind of resolved towards resolving upwards - but the longer that it carries out, I begin to lose some confidence in my own inclinations.

The next 24 hours are critical.

O.k.  Here's my new tentative theory.

 Maybe TPTB (the powers that be) Bitstamp and Bitfinex whales are going to:

1) meet somewhere in the middle,  
2) give each other a little kiss,
3) whisper in each others' ears,
4) and then from there, decide whether we are going to be going UP or DOWN.  


A good theory?  Or does someone believe that we are going to get some kind of resolution to this price disparate situation before quasi incompetent and indecisive TPTB whale wannabes meet?

[AlexGR]

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

I think some prices in china are due to the withdrawal issue (you can withdraw in cash, not in btc - so you sell the btc to get your cash).

Not sure if they've allowed normal withdrawals.

[European Central Bank]

https://btc.com/stats/pool/F2Pool

F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.

[Fakhoury]

2nd SW block by F2Pool, will it last ?

[tk3609]

I think some prices in china are due to the withdrawal issue (you can withdraw in cash, not in btc - so you sell the btc to get your cash).

Not sure if they've allowed normal withdrawals.

This case is long gone, btc withdraws were blocked only on okcoin.cn not okcoin.com, and the block was shifted like a month ago.

$200 dollars gap between some of main exchanges(okcoin- finex)

this is madness

There is 100$ difference between weekly OKC contracts and finex, where did you get that 200 from?

[Denker]

https://btc.com/stats/pool/F2Pool

F2pool signaling for segwit again, but this guy is such a prick tease it's hard to take anything seriously any more.

I agree. You can't trust Wang Chun. He is probably trolling again and mostly playing the market.
Therefore I don't give that guy much of attention anymore.