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

[jojo69]

catching a bid?

[HairyMaclairy]

You are very gracious.  

In other news I would like to express my disappointment at the rising BTC price. I have put a lot of effort into a bear market strategy over the past week that doesn’t require shorting and am now ready to go.  And the bloody price is rising and I’m twiddling my thumbs!  

Of course I’m long BTC and delighted but I really did want to test it out....

Keep jinxing your strategy

For fucks sakes the price keeps going straight up !  This is a complete write off !  

This isn’t costing me anything - my stash is earning a lot of money. But it’s extremely frustrating !   


Also my alts are starting to bend as oxygen flows towards BTC. 

[jojo69]

[the artful bodger]

Nice jump. Woo !

I wasn't expecting $12500 in an instant. That was an extremely fast pump.

[Rosewater Foundation]

Ok, ok. I get it now. Hodl.

Ok.

[realr0ach]

The storm is coming...

http://stockemperor.com/currencies/tether-now-prints-100-mln-usd-daily/

I don't see how the tether fraud hasn't blown up yet (and blown up the BTC market with it).  But there is another fraud you guys missed completely.  Maybe people like Tera noticed it, maybe not, but any leverage trader probably has. That other fraud is the fact that Poloniex's trading engine was not properly liquidating margin calls for a LONG LONG time.  Not just in one currency trading pair, but things like litecoin, ripple, everything.  I watched this happen for WEEKS AND WEEKS in a row.

I haven't traded leverage on Poloniex lately, so no idea if they ever fixed it, but this happened so many times I don't know how it would not make them insolvent.  So yea, there are lots of hidden black swans to completely blow up the crypto market with Poloniex + Bitfinex.  Coins like Eth are almost entirely dependent on Poloniex too, so Eth is a dead man walking if Poloniex is unable to eat those losses.

[Lopumbo]

400M Tether in 4 days?

[muadib83]

So assuming BTC is on schedule - like last years - 50 days from ATH we should recover it once more - Sooo - it will be 05.02.18

Anyone believe it ? Can it be SO fast? I actually knew he will boom - Made topic about it - no one cared - they waited for 8500 -  NO CHANCE. Bitcoin is all about infos and demand - ta doesn't work.


Oh one more thing - big Whales dumped LOADS of NEO on binance into BTC yesterday - and I actually though someone made mistake... lol no coinsidence here



I stated here the exact dates:


https://bitcointalk.org/index.php?topic=2748614.new#new

https://bitcointalk.org/index.php?topic=2788158.new#new


Still thinking we hit 14k on 21.01 but 17k will take a week min.

[mymenace]

Ok, ok. I get it now. Hodl.

Ok.

[TERA2]

Trying to keep your coins like...

[JayJuanGee]

Bitcoin is doing precisely what it is supposed to do; secure my, and your, and everyone here's wealth in a secure, decentralized, deflationary vehicle...I have never said anything other.

It is NOT, in its current form, a suitable, day to day, means of exchange, and there is a vacuum, and an opportunity.

Will that opportunity be picked up by the lightening network?  Perhaps...if it is ready soon, perhaps it will, if not that opportunity will fall to a competitor.

Likely, we just have differing ways of saying things, and even suggesting that there is some kind of lost opportunities goes too far in my way of thinking about or expressing the situation.

[JayJuanGee]

Ok, ok. I get it now. Hodl.

Ok.

and supplement your should be HODL strategy with buying on the way down.

[Dabs]

Also my alts are starting to bend as oxygen flows towards BTC.  

Maybe you have the wrong alts... But hey, seems you called a few them correctly. A quick look at my alt portfolio shows all green except a couple.

[realr0ach]

Maybe you have the wrong alts...

There are no "right" alts.  They are all failures at creating a decentralized digital currency, just like BTC failed.  The closest to do so would maybe be IOTA, but it doesn't work because it's not possible to form consensus in a DAG without artificial convergence.  Don't get me wrong, this is not an endorsement of IOTA, just the best try that still failed.  Why I say they came closest below (and no, there will be no random new coin that solves this problem because it's not solvable):

Bitcoin will ALWAYS be a higher risk asset than metals due to having built-in middle men and not removing counter party risk.  It's semantics to even claim bitcoin currently isn't a federated chain already.  It's the equivalent of something like a 2/3, 3/5, or 4/7 multisig for years.  A permissioned ledger doesn't require a 1/1 sig requirement; it's a permissioned ledger already.

If you really want to get technical, everyone would likely have to process their own transactions for it not to be a permissioned ledger like in IOTA, but DAGs and IOTA don't actually work for convergence, so we won't go there.  But until you can create a functional version of that model where everyone processes their own transactions (not possible), you have failed and it's a permissioned ledger.  Everything in this sector is nothing more than jacking off while creating centralized Rube Goldberg machines, federated chains, and permissioned ledgers.

IOTA was actually on the right track probably more than any of them so far just because it actually does seem to remove the usurious middlemen factor, but DAGs don't work.  And the second you incentivize any type of economy of scale in transaction validators, you've just created a usury system that mirrors the ones that already existed in the real world before bitcoin.  Physical commodity money like silver and gold removes the middlemen parasites.  Cryptocurrency doesn't - they're BUILT IN.

[Bloomie]

Is it ready for the big pump yet?

[Dakustaking76]

Is it ready for the big pump yet?

I think the pump Will Be at the new month
Its taking time to recover all the fud news came by


Fuckers with there fud market manupilation to get cheap coins

[Bloomie]

¯\_(ツ)_/¯  Bought another 10k worth of coin. Might as well make some more profit on the way up.

[HanvanBitcoin]

Another day, another try to break the $12.500,- level. Marketcap seems to be recovering really well   I don't expect us to moon this weekend yet though. Probably considilate between $10.500 and $12.500. Only time will tell   HODL

[HairyMaclairy]

Also my alts are starting to bend as oxygen flows towards BTC.  

Maybe you have the wrong alts... But hey, seems you called a few them correctly. A quick look at my alt portfolio shows all green except a couple.

My Telcoin went backwards briefly during the BTC spike. I’m still up 87% on it in the past 36 hours so still green.  

[Bloomie]

Another day, another try to break the $12.500,- level. Marketcap seems to be recovering really well   I don't expect us to moon this weekend yet though. Probably considilate between $10.500 and $12.500. Only time will tell   HODL

A bunch of folks here think early February is a good call to hit the ATH again. Time will tell. HODL!


Edit: Look at these buy orders!! 

https://i.imgur.com/InuRXIg.png