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

[Rosewater Foundation]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

Sorry Cramer whoever you are. We're not selling.

[jojo69]

Why you watching that crap Torque?

The long term effects of exposure to stupidity are very detrimental.

[HairyMaclairy]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

A trillion is only a tripling away.  You aren’t getting my coins for a tripling.  I’m looking 20 years out.  The problem is we believe and they don’t. Wall Street are the weak hands in this game.

[infofront]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

I think a fundamental problem with the analyses of these wall street types is that they can't comprehend the power of the HODL.

Many of the early adopters, who are still HODLing, got involved in bitcoin to begin with for philosophical, moral, or political reasons. These HODLers are fundamentally different from 99.9% of people/organizations who are long on a stock.

The typical equities investor will take profits at fairly predictable intervals, and cut their losses at fairly predictable levels. Bitcoin HODLers realize they're invested in a world changing technology that has an incomprehensible upside in price still.

A trillion is only a tripling away.  You aren’t getting my coins for a tripling.  I’m looking 20 years out.  The problem is we believe and they don’t. Wall Street are the weak hands in this game.

That's another way to put it. 

[fabiorem]

You can buy a car with bitcoins.

You cant buy a car with stock shares.

That's why people are not selling.

[arklan]

And then there's me, the true believer... Who is basically totally broke, except for the 35 on bitstamp and whatever my job and birthday (Dec. 8, can't I just stop already?) pay me tomorrow...

I swear, if i could I'd just stick my entire paycheck on stamp and let it triple a few times over...

*ahem* wow that came out more whiny than I thought it would... Turning 36 has me in the dumps, I guess. Thought I'd be... Well, where some of you other legendary account owners are... But I'm dumb and prideful and made stupid decisions and pissed people off instead of finding a way to really to them... Would have made my whole family millionaires by now... Sigh.

[HairyMaclairy]

Don’t eat, buy a Trezor and get half of them off the exchange and into cold. 

[HairyMaclairy]

To any JPM analysts following this thread, welcome and tell Jamie we said hi.  

[exponential]

Don’t eat, buy a Trezor and get All of them off the exchange and into cold. 

Fixed 

[bitserve]

Don’t eat, buy a Trezor and get half of them off the exchange and into cold. 

I think he meant $35 and not 35 BTC. It would make no sense for someone with 35BTC (probably a very-soon-to-be bitcoin millionaire) whining about his poor judgement/luck.

[Richy_T]

People aren't taking profits like they expected.

I bought $700 worth of new PC equipment. What more could he want?

[explorer]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

A trillion is only a tripling away.  You aren’t getting my coins for a tripling.  I’m looking 20 years out.  The problem is we believe and they don’t. Wall Street are the weak hands in this game.

Could triple in a week if there just aren't any coins to buy cheaper.

Speaking of cheaper, has anyone else been watching bitfinex dumping every hour, on the hour for about 5 hours?

[Richy_T]

Don’t eat, buy a Trezor and get All of them off the exchange and into cold. 

Fixed 

Heck, get all of them off the exchange and onto a virus-ridden windows box and it's probably still safer

[RayX12]

Man we are getting rich but the fucking MINERS are getting richer.. 210,000 unconfirmed transactions now.
Bitcoin fees are at 410 sat/byte.  so avrg transaction of 226 bytes pays 0.00092 B = $15
Mempool is reaching all time high https://jochen-hoenicke.de/queue/#30d

All bullish indicators to $20 K and beyond!!  

Who is buying all the Bitcoin??



Everyone???



Are we rich yet ?

[Imbatman]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

If anyone is looking for a good book, pick up A Conspiracy of Paper by David Liss.  It's an excellent historical fiction novel centering around the beginnings of the London Stock Exchange circa 1795 and it draws parallels to current times.

Essentially it was propped up BS back then, and 220 years later -- absolutely nothing has changed.

I abhor Wall Street, and I know what they are trying to do here and hope they fail miserably.  The ruin everything and add no value to this world.

[arklan]

Don’t eat, buy a Trezor and get half of them off the exchange and into cold. 

I think he meant $35 and not 35 BTC. It would make no sense for someone with 35BTC (probably a very-soon-to-be bitcoin millionaire) whining about his poor judgement/luck.

Yea, dollars. And... I mean the whole 2008 financial crisis certainly didn't help, but to say it's bad luck is just not true. I had mined about 20 btc, and then did the first group buy of usb asicminer block eruptors, which had me at 15 ghash in 2013...was like 3 btc  a week for a bit there.

But I'd just made some dumb choices and said/not said/done things that lead to near homelessness unemployment. Didn't have a stable job again until 2015, so all the btc I had and was mining got spent and was gone before the 2013 bubble.

Ugh. I'll shut up now.

[HairyMaclairy]

Ok brother - understood and good luck in this great game. 

[HairyMaclairy]

BFX and Bitstamp taking some time off to smell the roses and enjoy the journey. 

[MNDan]

What's with the overloaded mempool and high transaction fees? Looks like BCash is getting a tiny pump - coincidence?

[Punisher13142]

Looks like BCash is getting a tiny pump - coincidence?

Ver's last try to pump the trashcoin above 0.1 i think  . It caused a ridicolous correction in the btc market, lmao