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

[shaggy404]

563 wall @ 4364 on stamp.  Getting more interesting soon.

Being eaten. 435 left.

[Karartma1]

Torque, what would be the purpose of that?

Bitcoin poses the biggest threat to the State, it is the largest and most decentralized cryptocurrency. The State can't control it or shut it down, and they were too late to try and co-op it by cornering the market (like they did with ETH, other pre-mined cryptos, etc.). They also know they can't buy off or manipulate the core development team. So the only game they have left is to sway people away from Bitcoin through social engineering and push them towards other alts, pre-mined and centralized crap that they CAN ultimately control or at least easily fk with.

What kind of coins DO they promote?

These guys were real slick...they started off promoting Bitcoin and only Bitcoin to their followers. Now their attitudes have begun to morph and show their true colors. Trojan horse operatives. They are now promoting BCH primarily, saying that it's the more legit version of Bitcoin. Also things like LTC, ETH, Dash, and a BUNCH of ICO tokens that we all know are complete rubbish. The whole goal is to push people away from Bitcoin now, and into other trash, or at least get people to diversify into a bunch of garbage cryptos. As if all cryptocurrencies are "created equal". It's all about stunting or slowing down the growth of Bitcoin long term.

I mean look at it, other than Bitcoin what other crypto has been under constant and relentless attack? Exactly none. Because none of the others pose any real threat to the State.

Ok, Torque. Excellently put. I agree with most of it but how can you be so sure of

They also know they can't buy off or manipulate the core development team.

We can't be certain of that. They are humans after all, and humans like us need to cope with fear, greed, necessity and all the rest of it.

Either way, I completely agree with the rest, also because that is all I ever thought since the beginning.

[monsanto]

I wonder which will end first: bitcoin blockchain or this thread  . Is this the longest thread on bitcointalk?

[Denker]

Just a heads up -- there seems to be a concerted effort going on right now by some well known YouTube crypto personalities to promote and pump every crypto BUT Bitcoin. I'm not going to name names, but I'm sure you can figure out who.

I've long suspected that either these guys 1) are secretly being paid off by unknown entities, 2) are true patsies being manipulated by the "powers that be" to steer their followers away from Bitcoin, or 3) all of the above.

Stay vigilant my friends.  

I recognized this as well. You don't want to name a name. well then I will do. The first one was that Crypt0s guy who suddenly starts to pushing Bcash. But not just that, he also started bashing Bitcoin and reading out comments about Blockstream etc. which can easily be put into conspiracy land!! Even his followers were surprised he is doing this, as he generally claims to represent objective news.
To me it's obvious these guys were offered some nice amount of money to push certain coins, as they show some never seen before behaviour, a complete 180°. I mean we've seen pushing and pumping altcoins before, that's not new. But this dramatic change by some Youtubers is sooo obvious!

[CoinCube]

Just a heads up -- there seems to be a concerted effort going on right now by some well known YouTube crypto personalities to promote and pump every crypto BUT Bitcoin. I'm not going to name names, but I'm sure you can figure out who.

I've long suspected that either these guys 1) are secretly being paid off by unknown entities, 2) are true patsies being manipulated by the "powers that be" to steer their followers away from Bitcoin, or 3) all of the above.

Stay vigilant my friends.  

I recognized this as well. You don't want to name a name. well then I will do. The first one was that Crypt0s guy who suddenly starts to pushing Bcash. But not just that, he also started bashing Bitcoin and reading out comments about Blockstream etc. which can easily be put into conspiracy land!! Even his followers were surprised he is doing this, as he generally claims to represent objective news.
To me it's obvious these guys were offered some nice amount of money to push certain coins, as they show some never seen before behaviour, a complete 180°. I mean we've seen pushing and pumping altcoins before, that's not new. But this dramatic change by some Youtubers is sooo obvious!

To accumulate a major position in BTC you have to induce current holders to sell.

You can do this by raising your offering $ price but this is expensive and if the price goes up too quickly people start holding their BTC rather then selling making it ever more expensive.

For a large player it might be cheaper to induce some artificial FOMO among BTC holders. Promote an altcoin as the next big thing pump the nominal price up on low volumes and then try to convince BTC holders that they need to take a stake in it to diversify their crypto holdings or risk missing out.

[aesma]

I have a VPN service but I worry that if the VPN drops the node would stay online without caring.

Firewall it (default deny all) on your outbound router and only allow packets going to the VPN provider. If the VPN drops, it will simply get disconnected, and that way you also make sure there's no DNS or other type of leakeage going on.

I will look into doing that. My router is the box provided by the ISP, that sounds bad but it's a very innovative ISP (father of the school "42" ), the thing is extremely powerful and has tons of options, I've seen one about VPNs.

[aesma]

Oh snap, gold just forcefully broke through 1300 resistance. Shits going down.
https://goldprice.org/

1300 dollars. Don't forget that last part. The dollar is very weak at the moment.

[1982dre]

563 wall @ 4364 on stamp.  Getting more interesting soon.

Being eaten. 435 left.

83 left. It's gonna be eaten completely

[Wekkel]

Spike to $4,800 imminent?

[Starving_Marvin]

I have a VPN service but I worry that if the VPN drops the node would stay online without caring.

Firewall it (default deny all) on your outbound router and only allow packets going to the VPN provider. If the VPN drops, it will simply get disconnected, and that way you also make sure there's no DNS or other type of leakeage going on.

I will look into doing that. My router is the box provided by the ISP, that sounds bad but it's a very innovative ISP (father of the school "42" ), the thing is extremely powerful and has tons of options, I've seen one about VPNs.

Can somebody recommend me a good router that can only allow packets going to the VPN provider? Also it would be cool to have a firewall in the router. I've  been looking in the Tomato-firmare that can be installed into many cheap routers https://en.wikipedia.org/wiki/Tomato_(firmware)

[BlindMayorBitcorn]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

[rjclarke2000]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

Can it be written off though? I mean do you not expect some huge manipulated pump later on?

I thought I'd mention I have traded all mine for btc now so I don't care about it anymore.

[gentlemand]

Can it be written off though? I mean do you not expect some huge manipulated pump later on?

I thought I'd mention I have traded all mine for btc now so I don't care about it anymore.

Of course it will. The people who bought it off the dumpers will mainly be the usual exchange pumpers. Even if miners slowly lose interest, pumpers are not so discerning. Stunning junk has gone through the roof repeatedly. This won't be any different.

[BlindMayorBitcorn]

Can it be written off though? I mean do you not expect some huge manipulated pump later on?

I thought I'd mention I have traded all mine for btc now so I don't care about it anymore.

Of course it will. The people who bought it off the dumpers will mainly be the usual exchange pumpers. Even if miners slowly lose interest, pumpers are not so discerning. Stunning junk has gone through the roof repeatedly. This won't be any different.

In my heart I know you're right.

[eXpl0sive]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

I doubt the faster mining has that much of an impact on supply. Given the 12.5 BitCH production per block, the new minted coins hardly have any meaningful impact against MILLIONS already existing (forked) coins. If there is any supply they have to worry about, it is the dump of all existing (MILLIONS) forked coins.

[Heater]

563 wall @ 4364 on stamp.  Getting more interesting soon.

Being eaten. 435 left.

83 left. It's gonna be eaten completely

Only 7 left. Engage rocket ship

[gentlemand]

In my heart I know you're right.

Be strong. It'll probably fall a long, long way from here before they ignite the engines. You'll have a grace period of extreme smugness.

[BlindMayorBitcorn]

In my heart I know you're right.

Be strong. It'll probably fall a long, long way from here before they ignite the engines. You'll have a grace period of extreme smugness.

[BlindMayorBitcorn]

BCH is spiralling ever downwards in a nice orderly fashion. I approve of this.

All they do by mining massive numbers of blocks in a short period is create more available coin. more coin+ same demand = price drop.
if price drops, fees drop. fees drop, less chance of miners switching.
another EDA. more coins, same demand, cheaper price. if price drops, fees drop. fees drop, less chance of miners switching.
eventually you reach a point where nobody ever mines bch, no matter how many EDAs they do, because the price has dropped too low relative to BTC to make it worth it, and it screeches to a halt with a wet sounding plop.
You can already see it in the bch chart. People are figuring this out and hedging their bets. The crowd is dwindling.

I doubt the faster mining has that much of an impact on supply. Given the 12.5 BitCH production per block, the new minted coins hardly have any meaningful impact against MILLIONS already existing (forked) coins. If there is any supply they have to worry about, it is the dump of all existing (MILLIONS) forked coins.

How has Coinbase justified not releasing their BCH's yet? The longer the price holds the less inclined people will be to dump when they do. Are they trying to stabilize the market?

[Elwar]

This is about go go up up up!