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

[Hyperjacked]

Some people blindly follow this clown's advice, and then get angry at bitcoin:
https://twitter.com/WolfOfPoloniex/status/933709903109255168

LOL. Dude is a thin-skinned, limp-wristed basement-dweller. Called him out a while back and was greeted with...

@wolfofpoloniex is a interesting trader and has quite the following ...

He is not a thin skinned limp wristed basement dweller... And I'm sure he doesn't have to work another day in his life. Why should he deal with abuse when he could just block you ?

The truth is most here are shills and thin skinned so maybe the pot calling the kettle black

[JimboToronto]

Oh look. Another ATH.

[European Central Bank]

https://bitcoinity.org/markets/bitflyer/JPY

pay attention to this.

1 million yen is the next psychological barrier and i'll bet that's the biggest one so far.

[AlcoHoDL]

https://bitcoinity.org/markets/bitflyer/JPY

pay attention to this.

1 million yen is the next psychological barrier and i'll bet that's the biggest one so far.

I like the fact that they're using the mBTC unit. It's about time...

[Spaceman_Spiff_Original]

[yefi]

$2 to $1135 is the same as $200 to $113,500.  

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

[Im not a robot]

Sure, Bitfinex had several opportunities already to employ an exchange exit scam -

For all we know, they have already executed two partial exit scams.

If you want to ground your views of the world on conspiracy theories, then sure that is possible.

I've seen enough exit scams. I know the way this story usually ends. 'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking?

You don't know shit.... You are merely, guessing, assuming, speculating and also coming to too strong of a conclusion that there is a scam going on based on pretty skimpy evidence, even if you are proclaiming to have some kind of "gut feeling"

You're right. I don't know shit about Bitfiniex's situation. Which is why I don't trust them with my money.

'Trust but verify' doesn't work, unless you actually get around to the verification part. How's that audit looking?

Yeah, keep repeating your tagline, which is your last sentence to suggest that there is only one way in which the free market works....

Sure, we can have audits, and sure that would be helpful, but in the end, we have numerous people making choices to use the bitfinex service - and USA individual folks have been excluded from such choice by Bitfinex's own business decisions.  Bitfinex also likely bans other kinds of accounts or does not verify every Tom, Dick or Harry that walks in the door - yet, they seem to continue to have enough of these Tom, Dicks and Harries to keep their business going - and maybe you could be correct, that some day they will do an exit scam.. perhaps... so keep whining about it, and try to scare people away from using their service.. maybe some people will believe and surely others will not, and perhaps, Bitfinex will chose, at some point, to change some of it's offerings or to improve its credibility through an audit or some other method that they choose, instead of an audit...

We are still in a kind of bitcoin wild, wild west, to some degree, which is both good and bad, but it is our current environment - and they don't have to do an audit, as you seem to be whining your preference as if it should be some kind of rule.

It's disturbing that talking about red flags regarding the practices of an exchange and a potentially fraudulent currency they have created is considered 'whining'. To me it seems that it's dismissed so quickly because it would mean a (healthy) correction and everyone just wants that quick easy money.

I've read sentiments on this forum that bitcoin is 'too big to fail' now and earlier in this thread someone said something to the effect that even if it's true that bitfinex is printing their own money to prop up the market that perhaps they are doing it out of benevolence... 'too big to fail'? ...Defending a centralized authority controlling market direction? If the community refuses to take this seriously and demand clarity then even if bitcoin reaches $500k it's a failure imo.

Meet the new boss, same as the old boss.

[Vin]

https://bitcoinity.org/markets/bitflyer/JPY

pay attention to this.

1 million yen is the next psychological barrier and i'll bet that's the biggest one so far.

Thank you for this. As European  I almost look at the USD 

[sirazimuth]

I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.

hell yeah!!

ok TBH the fact I dumped my btrash for peanuts might have something to do with that, lol
 (and I know I'm not the only one)
 
But far more importantly, BTG is NOT in any way trying to claim they are the real bitcoin like those other disruptive bastards.
I actually like the idea of a bitcoin fork that little old
insignificant me can actually mine with my GPU rig via the equihash algo.
Oh and hello! there it is in top ten! That didn't take long. Looks like those eth rebels got bumped out...lol

oh yeah the beat goes on!

[Hyperjacked]

He is not a thin skinned limp wristed basement dweller... And I'm sure he doesn't have to work another day in his life. Why should he deal with abuse when he could just block you ?
The truth is most here are shills and thin skinned so maybe the pot calling the kettle black

That's, like, your opinion, man.

Yes sir and I've been posting on wall observer for years and IMO most are shills and self assuming bottom dwellers.

[bones261]

I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.

+1 Pump up that BTG shit!

https://www.youtube.com/watch?v=9EcjWd-O4jI

[ImI]

Remember?  

One moment of silence for Tarmi, Notlambchop and others who were our constant friends at that time.  



Edit: I remember how happy everyone was once we finally moved from 220 -> 250$.

[European Central Bank]

I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.

+1 Pump up that BTG shit!

https://www.youtube.com/watch?v=9EcjWd-O4jI

i've been reading these today

https://qz.com/1053799/chinas-bitmain-dominates-bitcoin-mining-now-it-wants-to-cash-in-on-artificial-intelligence/

https://qz.com/1137683/the-paradise-papers-suggest-chinese-tech-billionaire-lei-jun-is-connected-to-the-worlds-biggest-bitcoin-miner/

goddamn does bitmain have a lot of money. probably not enough to accomplish what they want but it's not to be underestimated all the same.

[sirazimuth]

I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.

+1 Pump up that BTG shit!

https://www.youtube.com/watch?v=9EcjWd-O4jI

I'm more old school ...PUMP IT UP!  

[itod]

$2 to $1135 is the same as $200 to $113,500.  

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?

[TERA2]

Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference.  Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....

Funny, but I've been making this graph, to show how last 5 doubling events since $250 look like two distinct exponents:

270 days
270 days
90 days
90 days
90 days



The question is, how much longer the second exponent will last...

This graph seems to fit in the theory about the market manipulations by the "Tether Gang"

The article argues tether was stable throughout 2016 and did not start to increase until March 2017. Tether’s value seemed to take off along with Bitcoin’s dramatic rise.

https://news.bitcoin.com/tether-coin-may-be-a-precarious-us-dollar-peg/

The question is, how much longer the second exponent will last...

I have some feeling like as long as the Tetherbubble does not bother the US treasury or they get some cash-out problems by a falling bitcoin price.
The second is easy to prevent with unlimited funds (though it might get implausible if they exaggerate it) but they also get in the way of the plans of the "Bitcoin Cash Gang" to crash BTC.

I can already imagine Hollywood making a movie about this all ...  

I believe the real question is: Are we breaking into a THIRD exponent (well dub this one the "over 9000" trend), and how high would the third trend go?

[bones261]

I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.

+1 Pump up that BTG shit!

https://www.youtube.com/watch?v=9EcjWd-O4jI

I'm more old school ...PUMP IT UP!  

Then really old school then!  

https://www.youtube.com/watch?v=UJOjTNuuEVw

[TERA2]

$2 to $1135 is the same as $200 to $113,500.  

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?

It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time.

[itod]

$2 to $1135 is the same as $200 to $113,500.  

Yes, but it wasn't a continuous rally - there was the vertiginous drop from $266 to $50, which at the time felt like the end of a bubble. In relative terms, it was nearly as great as the drop from $1135 to <$200.

Do I remember well that drop from $266 to $50 had some technical issue/glitch, or was it completely natural?

It was initiated by downtime at MtGox as that single exchange did 80% of volume at the time.

Yes, that's right. MtGox was in the root of both two big dips to 20% of the previous value. Not directly, but creating the atmosphere of failure.

[Heater]

lol

https://twitter.com/BTCBanksy/status/934509530356092929