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

[milkshock100]

If what you are saying is true Roach then you may as well accept it and ride it.  

I elaborated further on how this market works so you can see how big of a fraud it is.  The leverage market exists as nothing more than a tool to add liquidity for the con artist whales so they can try and cash out on the general public:

Shorting in craptocurrency is mostly pointless because the following.  This is why all shorters in the history of bitcoin are squeezed.  You have a bunch of rich con artists that were already rich before bitcoin was created who bought up 200,000 coins for next to nothing.  These coins are toxic assets that they can't actually sell at market rate without crashing the market.  Anyone who shorts just adds liquidity to the market and allows them to cash out by squeezing the short by using their horde of toxic asset coins as margin collateral:

How is the holder of the bitcoin losing out here? If every shorter is squeezed.

[bones261]

How is the holder of the bitcoin losing out here?

Don't get left holding the bag.

[luckygenough56]

guys...it's losing steam

[gentlemand]

The Anti Semite really should be spreading its joy on places like 4chan, bodybuilding.com or a My Little Pony forum where there's a chance of influencing the wavering.

We're all crypto zombies now. There's no talking us out of anything any more. It's the definition of futility.

[realr0ach]

How is the holder of the bitcoin losing out here?

Don't get left holding the bag.

The whales with a large amount of toxic asset coins they can't sell without collapsing the entire market have to manipulate the market into a bubble in order to lure in momentum buyers, shorters, etc, to add liquidity so they can exit. The average bitcoin holder is nothing but a whale rider who is trying to profit on the back of the whale's pump and dump scam.  So yea, don't get left holding the bag.

[JayJuanGee]

And here I thought we were stuck at 184. In the time it took me to eat breakfast it's up to 18650.

Is this how rich people think? "In the time I ate breakfast I made more money than the average person in a year..."?

Explains a few things.

 Dang.  You're the second person I am forced to envy today before I've finished eating breakfast.
This thread is like a walk down Avenue Montaigne!

I have been thinking that the higher the price, the lower the percentage move for $100, $1,000, or even $10,000 price changes, and therefore, it becomes fairly easy for guys (and girl) with even previously modest quantities of coins, such as 10 coins, to be feeling these kinds of exorbitant money making sensations, even with relatively modest percentage movements of the bitcoin price that translate into what seems to be relatively exponential increases in personal wealth (at least on paper for the time being).

[jojo69]

guys...it's losing steam

lol...nearsightedness much?

zoom out man

[Rosewater Foundation]

*exorbitant money making sensations intensify...*

[Icygreen]

How is the holder of the bitcoin losing out here?

Don't get left holding the bag.

The whales with a large amount of toxic asset coins they can't sell without collapsing the entire market have to manipulate the market into a bubble in order to lure in momentum buyers, shorters, etc, to add liquidity so they can exit. The average bitcoin holder is nothing but a whale rider who is trying to profit on the back of the whale's pump and dump scam.  So yea, don't get left holding the bag.

This is called distribution and its precisely the reason it will work.

[JayJuanGee]

don't forget to cash out guys, i wouldn't like to see your dreams get shattered 

hahahahaha

Coming off as more desperate.... 


Sorry for your loss 



NOT really.      You seem like a dumbass who has gambled too much on the down without adequately preparing for the UP, and therefore, you talking bullshit about scenarios that are less likely.. praying to recover from your dumb-ass previous decisions to sell or short or whatever nonsense you did.

[Neo_Coin]

I need something like a stop loss based on BTC/USD prices but instead of purchasing fiat it purchases an altcoin.

Tether

[HairyMaclairy]

BCH hash rate 4.2% and falling. 

[luckygenough56]

you will eat your words soon enough

[Rosewater Foundation]

BCH hash rate 4.2% and falling. 

The whole house of cards is going to come tumbling down this weekend.

[HairyMaclairy]

Tera what do you consider to be the closest to negatively correlated with BTC?  

I have been looking at ETH, XMR and BCH but all seem to have some degree of positive correlation in a crash.

[jojo69]

you will eat your words soon enough

setting up my buy orders in the low 3Ks

[HairyMaclairy]

BCH hash rate 4.2% and falling. 

The whole house of cards is going to come tumbling down this weekend.

Touche

[realr0ach]

This is called distribution and its precisely the reason it will work.

A pump and dump is not "distribution".  A bitcoin is an imaginary object that provides no real world utility.  You can't eat it, you can't build something with it, you can do nothing with it but try to con someone into giving you a real world object of value for it.  This is why any monetary instrument not connected to the real world as physical commodity is inherently an immoral scam whether it's US dollars or bitcoins:

The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

[TERA2]

Tera what do you consider to be the closest to negatively correlated with BTC?  

I have been looking at ETH, XMR and BCH but all seem to have some degree of positive correlation in a crash.

bcash

[realr0ach]

Tera what do you consider to be the closest to negatively correlated with BTC?  

I have been looking at ETH, XMR and BCH but all seem to have some degree of positive correlation in a crash.

bcash

If you claim bitcoin is going to crash to $3k, I do not see bcash going to the moon in said event lol.