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

[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.

[milkshock100]

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.

That I do agree with

[TERA2]

I dont know what will happen during the real crash but at these levels bcash strongly moves against btc as you can clearly see.

[luckygenough56]

bcash and btc will meet at "insert price" at some point

[AZwarel]

BCH hash rate 4.2% and falling. 

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

Touche

Nooo, i still have some to sell, i want my free BTC from Roger, let him pump it just up to 0.17, i will be glad! 

[HairyMaclairy]

We can all agree that a 30% swing is different from a 90% crash.

Also the odds of a 50% crash the day before the CME goes live are remote. We aren’t in Kansas anymore.

[Rosewater Foundation]

BCH hash rate 4.2% and falling.  

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

Touche

Nooo, i still have some to sell, i want my free BTC from Roger, let him pump it just up to 0.17, i will be glad!  

This already happened.

I'm getting pretty tired of all this failure.  

goodgoodletthehateflowthroughyou.png

'All this failure' is the result of giving people what they do not want (because 'we' know better than you what you should want).

The only thing happening on that blockchain is a bunch of trading back and forth. No one uses it, no one cares.

Perfect timing for a good old fashioned weekend pump and dump tho.

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

He was right, I was wrong. Happiness ensued.

[afbitcoins]

I find it quite amusing that the debate has degenerated to deliberately calling one variant of bitcon versus the other by the wrong name.

think i'll try it.

BCASH BCASH BCASH

hehehehe yes its amusing

[AZwarel]

BCH hash rate 4.2% and falling.  

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

Touche

Nooo, i still have some to sell, i want my free BTC from Roger, let him pump it just up to 0.17, i will be glad!  

This already happened.

I'm getting pretty tired of all this failure.  

goodgoodletthehateflowthroughyou.png

'All this failure' is the result of giving people what they do not want (because 'we' know better than you what you should want).

The only thing happening on that blockchain is a bunch of trading back and forth. No one uses it, no one cares.

Perfect timing for a good old fashioned weekend pump and dump tho.

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

He was right, I was wrong. Happiness ensued.

Yes, i have managed to sell some at 0.41, that was an intense night watching the walls (still, could have made 0.5, but only in a 30 sec window...).
I sell in batches - some i had to scrape from cold wallets, some from core wallet -> abc syncing (which took 2 weeks!!).
Also, am not in a hurry. Well, now i am, wanna offload bichcash before coinbase releases it at Jan the 1st. for the sheeple.

[luckygenough56]

looks like btc needs some more tether

[JayJuanGee]

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.

That I do agree with

Finally Roach said something that is actually worthy of quote..... 

[yefi]

Exponential behaviour. In the analysis thread there was a a chart that showed the price going from 35k to 70k in a matter of days.

It's more likely to take weeks rather than days. We'd also be setting ourselves up for a puke-inducing candle imo...

[Icygreen]

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.

You're taking on societies entire value constructs with your argument which is ironically one of the largest utilities of bitcoin today.   Borderless, trustless, deflationary, voluntary participation, secure, indiscriminate, and unrevocable. All the things central banking can't be. It offers peaceful participation of choice in the monetary revolution we're seeing today and that sir is a massive utility towards positive change.  I participate because I believe this.