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

[Lopumbo]

not looking good 
USDT/USD Pair on Kraken

[vanobe]

So my banks just complained. Apparently churning too much money in and out of exchanges has them worried shitless that the taxman will complain. Might have to register as a business to keep trading at the current levels of volume. Not sure I wanna deal with that shit. Especially the part where I have to give up half the profit. Blah.

All your banks at once?

Two of em. One is closing the account (started it specifically to trade bitcoin, which they knew and agreed to - fuckers). The other just told us to knock it off with the big transfers.

Wow, that REALLY sucks. What country are you in? Any ideas on how you are going to work around this shit?

There's a thread with a list of bitcoin hostile (and friendly) banks worldwide.

https://bitcointalk.org/index.php?topic=264679.0

The OP's list has recently been updated, and the last few pages give some useful up to date information. Ibian might find a friendly bank from that thread.

[pops87]

not looking good 
USDT/USD Pair on Kraken

https://abload.de/img/usdtzxpdg.png

It's just one exchange. Here is bittrex
https://i.imgur.com/y6haeZW.jpg

[OWZ1337]

Bitcoin, with almost a decade track record, proven security model and a 180B market cap gets a C+

Doge, which is, was and always will be a JOKE, abandoned by its creator who just rolls his eyes gets a C

Cardano gets a B AND ALL IT IS IS A WHITE PAPER


that's all I need to know about this farce

What are you talking about? Cardano has the most active cryptocurrency repo on Github. More than Monero, more than Bitcoin, more than ETH. They also constantly submit research papers to actual proper scientific conferences. They do deserve to have a good rating irregardless of what other cryptos got.

RUN don't walk far far awayyyyy from here if you think cardano is better that bitcorn :-D lmfao

[Lopumbo]

Here is bittrex

You don't seem to understand what i was posting - kraken.com is the only exchange where you can convert USDT into USD - Bittrex only allows USDT

[OWZ1337]

Bitcoin, with almost a decade track record, proven security model and a 180B market cap gets a C+

Doge, which is, was and always will be a JOKE, abandoned by its creator who just rolls his eyes gets a C

Cardano gets a B AND ALL IT IS IS A WHITE PAPER


that's all I need to know about this farce

I have no way of proving it but I guarantee Cardano paid for that rating. It sticks out like dog balls.

Edit - from the SEC ruling against Weiss:

Weiss Research maintained internal performance records which noted every trade Weiss Research recommended and the hypothetical profit or loss an investor would have experienced if he or she had followed Weiss Research’s recommendations. Weiss Research did not make these performance records available to subscribers or potential subscribers. These performance records demonstrate that, during the relevant time period, subscribers to most of Weiss Research’s premium services, who followed Weiss Research’s recommendations without deviation, would have lost money. Subscribers to the few profitable services would have realized overall gains that were well below the profits from individual trades represented in Weiss Research’s advertisements.

https://www.sec.gov/litigation/admin/2006/ia-2525.pdf

cardanoz is changing the world as we know it!    lol

[Torque]

Same kind of reasoning could have been applied to bitcoin at the start.  Not that I have an opinion about this or that altcoin, just pointing out the hole in your rationale.

What hole tho? The impetus for creating Bitcoin against the other existing forms of payment/banking systems was clear.

How about the delusional hole in rationale that says once we have a single crypto payment system that is secure, decentralized, functional, and popular (w/ users, brokers, exchanges, and merchants), that we need another one? Or a thousand more? Ten thousand more?

[Elwar]

The bitcoin price 1!!1!

[Elwar]

So...can we see some charts of triangles forming and where the convergence point is?

This is the only chart formation that I understand. Unfortunately it just tells me that on a certain date the price will either go up or down.

[OWZ1337]

The bitcoin price 1!!1!

Fiddy don't dumping today? it's funny to me the china govt afraid of an American rapstars big baller money :-D weee

[Last of the V8s]

there aren't even any charts on twitter
still, someone spilled paint all over a woman called Katy Perry's hands

[MERlT]

Are we slowly returning to the moon?

Merit ???what is this

Merit explained:

https://bitcointalk.org/index.php?topic=2818350.0

Now explaine EV properly So everybody knows that When you invest in bitcoin the EV % of returns is Just to big for not investing in it  ....

Is there an exchange platform for the Pair WO_Merit/BTC ?

I feel so valued 

[rezurect007]

[Torque]

https://www.tradingview.com/chart/BTCUSD/LdOQGk60-Short-Term-Downtrend-3-Drives-PAttern-Target-8-5k-within-Feb/

Thanks, contrarian indicator confirmed. Please tell all your buddies to short with max leverage.  

[vroom]

merited by Last of the V8s - haha

[DavidLutz]

Price drop was because the lunar festival check the graphs here: 2015 https://i.imgur.com/BrwD1wp.jpg , 2016 https://imgur.com/FKvJtmI , 2017 https://imgur.com/QVJkDoc . More info here: https://bitcoinvest.cc

[fluidjax]

CME first contract closes tommorow, so no doubt the tin-foil hat brigade will be out again.

I'll pre-empt them....

Any large volumes over the next 24 hours can be attributed to Wall Street maniulating the price to profit from this contract closing.
I think we can expect a reversal of this movement once the contract has closed.

"Trading terminates at 4:00 p.m. London time on the last Friday of the contract month"

Strap-in or damp squib?   I dunno.

[rezurect007]

https://www.tradingview.com/chart/BTCUSD/LdOQGk60-Short-Term-Downtrend-3-Drives-PAttern-Target-8-5k-within-Feb/

Thanks, contrarian indicator confirmed. Please tell all your buddies to short with max leverage.  

The chart title does not reflect the intention. It's not a for a short.
Its 8.5k not 8-5k as in the  url:
I understand we might form support here and lift off.
Im holding since 9k.
Have buy orders all the way down, in case it heads that direction.

I do have very few 500$ coins from 2013. My original a/c in my sig. was hacked.

[vanobe]

CME first contract closes tommorow, so no doubt the tin-foil hat brigade will be out again.

I'll pre-empt them....

Any large volumes over the next 24 hours can be attributed to Wall Street maniulating the price to profit from this contract closing.
I think we can expect a reversal of this movement once the contract has closed.

"Trading terminates at 4:00 p.m. London time on the last Friday of the contract month"

Strap-in or damp squib?   I dunno.

How much money has been thrown at the CME first contract? If it's a massive amount the contract closing could = strap-in. If it's a small amount the contract closing could = damp squib.

[pera]

[...]
Serious question. I'm trying to understand the delusions and fallacies associated with the altcoin market. So far I'm still not getting it.

Or if you just consider it a "buy" because you think it's going to get pumped one day, then just say so. Penny stocks see their day in the sun sometimes too.

Most altcoins are just pump-and-dump schemes. But there are a few ones that are really trying to do novel things: see for instance Zcash and Monero (anonymous transactions), or Cardano and Ethereum (Turing complete smart contracts and PoS). Bitcoin is not trying to do those things, and I personally believe that's great (Unix philosophy), but there is no reason why others shouldn't try to develop solutions for a different set of problems.

My last Bitcoin transaction cost me a bit less than 2 USD (at that time) and took more than 7 hours for the first confirm. It was not as bad as those "$25 dollars txs" that so many people were complaining about, but it was not that good either... In contrast, Litecoin transactions cost a few cents and you get the first confirm in a couple of minutes. This is not to say that Litecoin is a better long term investment than Bitcoin, but if one had to pay for anything during a mempool crisis, Litecoin would be a better choice economically and practically speaking. So maybe part of the LTC rally we saw last year was simply due to this.

I believe once SegWit and LN finally get implemented and deployed everywhere, things will improve and maybe even be like in the "old" days for a few years at least. Not everyone shares this optimistic vision, but even if you do, you have to understand that if Bitcoin is extremely successful (i.e. massive global adoption) then tx volume will keep growing indefinitely, and of course fees will follow, meaning that on-chain txs won't be super common for ordinary people. We may see then a zoo of altcoins (in the same way today we have a zoo of gift cards, credit cards and state currencies) being used for different purposes and being traded using cross-chain atomic swaps.