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

[becoin]

Biggest bubbles of our time are the dollar, the euro, the yen, and the likes. Nothing measured in fiat is a bubble!

[mymenace]

If they print money to keep the btc price low, then we print tether and buy more bitcoins. Get rekt.

That's what MtGox did.

I think that's not exactly what GoX did. As far as i know there wasn't any tethers around at that time.

During the '13/'14 downturn, there was just constant dumping. Thousands and thousands of coins, over such long months of non-stop dumping. It baffled everyone. Then later when it was revealed that Mt. Gox had been hacked two years earlier and was insolvent, I suddenly realized where all those mystery coins were coming from.

In hindsight, Mt. Gox getting hacked and shut down was the best thing that could have happened to the longevity of the Bitcoin market. Just imagine if the hackers still had all of those hundreds of thousands of coins that they dumped back then. This rally downturn would be getting so much more rekt right now.

the thieves are very active

mt gox, cryptsy, btc-e, bitconnect - aleady hacked and completed

numerous scam coins, mining scams (BFL)  etc etc etc

which exchange is next

coinbase, bittrex?

who are the thieves

could it be Roger Ver, alphabet organisations, Sonny Vleisides, Mark karpeles, Paul Vernon, Marshall Long, Leroy Fodor etc etc etc


i can quarantine this, the thievery it is still happening, on a large scale

[Karartma1]

Who sodl at the bottom? Ztay wins the prize today

Ok I sold some. My sacrifice to the sharks. Price will go up now. I have excellent record for selling the bottom.

Thanks for the 12% rise!

We do appreciate your help, ztay. But politeness apart, next time just hodl, will you?

On a different note, but not too much, I wanted to remind all of you who correctly picked the Real Bitcoin ATH of 2017
mattimann https://bitcointalk.org/index.php?topic=178336.msg21896560#msg21896560

[mymenace]

Who sodl at the bottom? Ztay wins the prize today

Ok I sold some. My sacrifice to the sharks. Price will go up now. I have excellent record for selling the bottom.

Thanks for the 12% rise!

We do appreciate your help, ztay. But politeness apart, next time just hodl, will you?

On a different note, but not too much, I wanted to remind all of you who correctly picked the Real Bitcoin ATH of 2017
mattimann https://bitcointalk.org/index.php?topic=178336.msg21896560#msg21896560

they were not the only one

https://www.tradingview.com/chart/BTCUSD/3RjQGYZp-No-resistance-till-15000-when-3500-will-break-up/

as well prediction over 50000 this year

[rezurect007]

https://stripe.com/blog/ending-bitcoin-support

https://www.coindesk.com/microsoft-hyperledger-un-join-blockchain-identity-initiative/

[rafanadal]

short lived pump

[jojo69]

DOOM

[J. Cooper]

which exchange is next

coinbase, bittrex?

who are the thieves

The folks over at Coinbase can already be considered as thieves. The amount of apparently 'lost' wire transfers to coinbase that I've seen on reddit this year already and last year as well is disturbing. Some are still pending since october/november-ish and still nothing to this day. No support from coinbase whatsoever. How are these guys still in business after everything that has happened?

[d_eddie]

I'll try the homespun solution, install docker and all.

I'd be interested in your Internet bandwidth consumption, should you be wiling to share.

I will post some data, but don't hold your breath. I'll need some free time to install the thing - starting with Docker - and some more to figure out how to measure LN's bandwitdh tax unbundled from bitcoind's base requirements. Got any suggestions?

I dunno.... filter a wireshark dump of all port 8333 traffic? Wild speculation. I don't know how LN comms are routed within the host networking layer.

I was hoping not to have to install special instrumentation like wireshark. Well, when I get to that I'll do what I have to.
BTW, 8333 is for bitcoind. LN uses a different port (can't recall right now).

No need to install any additional package. You can utilize iptables as shown there: https://unix.stackexchange.com/a/398176

Thanks for the tip. Bookmarked for later reference.

[Deeyoh]

DOOM

It's all fun and games until someone breaks out the BFG 9000.  haha

[mymenace]

which exchange is next

coinbase, bittrex?

who are the thieves

The folks over at Coinbase can already be considered as thieves. The amount of apparently 'lost' wire transfers to coinbase that I've seen on reddit this year already and last year as well is disturbing. Some are still pending since october/november-ish and still nothing to this day. No support from coinbase whatsoever. How are these guys still in business after everything that has happened?

also under investigation for cryptsy hack and their own investigation to recent insider trading

[serveria.com]

short lived pump

Why you're being so negative Rafa? I know you suffered an injury and had to withdraw from AO earlier today but that's not a reason to be mad at BTC   

[rafanadal]

short lived pump

Why you're being so negative Rafa? I know you suffered an injury and had to withdraw from AO earlier today but that's not a reason to be mad at BTC   

Lol, yeah this has been a horrible day

[mancroofer]

which exchange is next

coinbase, bittrex?

who are the thieves

The folks over at Coinbase can already be considered as thieves. The amount of apparently 'lost' wire transfers to coinbase that I've seen on reddit this year already and last year as well is disturbing. Some are still pending since october/november-ish and still nothing to this day. No support from coinbase whatsoever. How are these guys still in business after everything that has happened?

also under investigation for cryptsy hack and their own investigation to recent insider trading

Cant afford a decent support team despite over $1b in revenue last year.

https://cointelegraph.com/news/coinbase-overshoots-2017-revenue-goal-by-66-making-1-bln-rejects-further-vc-funding

[jojo69]

[Enjel]

Did people actually get scammed in Bitconnect? I feel as if very few people actually bought any in the first place.

[gentlemand]

Did people actually get scammed in Bitconnect? I feel as if very few people actually bought any in the first place.

I doubt it's very many people on here. They spent so much on creepy Scientology style conferences that presumably it preyed primarily on the non crypto savvy.

And the volumes reported on Coinmarketcap were almost entirely within the confines of their own 'exchange'. Real world markets, all two of them, were running at a few thousand dollars per day.

[Toxic2040]

$50 in 2018's purchasing power.

Yep, but we're probably at the ATH right now-ish.

With every price rise single digits become more and more likely, I think.  I'm patient.

I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

If BTC reaches $10,000 at the current stage of the BTC economy, THAT would be a bubble.....

That would be the end of bitcoin.

Bitcoin probably won't hit $1000 again because of sources.

The price of bitcoin is unlikely to ever reach $1,000 again. Also, if it starts irrationally working its way up to near $1,000 there are a lot of people eager to sell and the price will catastrophically collapse again. Bitcoin is in a long term downtrend, though there will be ups and downs as people are slow to realize this confirmed fact.

I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.

The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:

https://i.imgur.com/cQ8G7MN.jpg
https://i.imgur.com/ZRJofhv.png
https://i.imgur.com/NveJpUE.jpg
https://i.imgur.com/VjgnSlu.jpg
https://i.imgur.com/HsUhGNe.jpg
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html
https://www.cbr.ru/ckki/

Exactly! That is the problem. I've been around for a while so you can trust me. I remember in early April 2011, when bitcoin was trading at ~$0.80 and in a matter of a few hours hit ~$0.60! I knew that was the beginning of the end for bitcoin, and its proved correct as we've sustained a long term bubble-pop down trend (you have to ignore the recent highs which are imaginary and will regress to the downtrend mean). I'm glad you can see things clearly as I do, and hope you've managed to escape the catastrophic bitcoin downward spiral. Good luck!

Of course this is a bubble. Just look at the data. We'll likely see sub $1000 before the year is out, which will signal the final long term bear trend to near zero.

I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.

Just reviewing my contrarian indicator...all is well.

[Last of the V8s]

https://bitcoinmagazine.com/articles/study-suggests-25-percent-bitcoin-users-are-associated-illegal-activity1/
criminals use money, and they move it about more than hodlers

[Toxic2040]

For those of you who's Latin is rusty..

Isaac Newton

"If I have seen further than others, it is by standing on the shoulders of Giants."

Bitcoin GitHub History Visualized
https://www.youtube.com/watch?v=K2OBbK-7qPc