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

[realr0ach]

By the way, I hear a distant sound of thunder. No, it's not thunder. It's more like

The sounds of the rats in the walls, clamoring for position to view the monstrosity known as bitcoin, pondering if there will be any morsel left to bite from it's decrepit corpse.

[LFC_Bitcoin]

Happy to see my fellow HODLERS accumulate in this thread, I’m sure there are hundreds of others reading this. Power to the HODLERS. You just know in a few years time when we’re all rich AF (some of us are already) those weak hands are going to want to commit suicide for selling at these kind of prices.

[bitcoinPsycho]

I HODL.

2017 was a game changer, today my hairdresser asked me about "how to bitcoin", as i have mentioned earlier that am now "retired" thanks to bitcoin.

Seldom people talk about his, but the fact that bitcoin has reached the intellectually lazy "average Joe" 's mind last year, and the basic instinct of human greed made several of my
acquaintances to reach out to me* and wants to "invest" made me have the impression, that this must be happening all around the world; just look at the stupid ICO
frenzy, ill informed people throwing money in hope to make fortunes -bitconeecrash LOL.

My point is, even if the motivation of the "downtrotten" is for just quick buck, the fact that they start to accept cryptos as a valid substitute of wealth preservation/increase vs. the fiat world is a huge
step in the way of making bitcoin a mainstream phenomenon.

I wonder why all the worries, if anyone is here for the long run, who cares about a 50% dump? We are still up 1000%+ from a year now, why the FUD?



*Sadly, my efforts to educate these people always hit a brick wall, as they express implicitly, that they "do not have time" to invest in understanding the basic concepts (mathematical, IT, economic, etc.)
what bitcoin is, just wants free money.

Side rant: Now i do not have guilt anymore about the fact that my ex colleagues will earn less in 30 years than me just by sitting on my bitcoins, for i have spent literally 1000s of hours educating myself, restrained my spending for years ("nah, i won't go with you to a vacation, rather buy 5 more of those really cheap bitcoins! - 2015), and they could not take the fukin effort to read a couple of articles/watch a few hours of videos on youtube i have put the effort into select and sent them for basic education.
 

Couldn't agree with you more.  A friend of mine referred me to Bitcoin in summer of 2013.  I bought my first at $800 and one of my last at $200 in 2015 and have held since then.  I read voraciously on the subject back in 2013 which is the main reason why I invested around $10,000 into the technology and continue to be fascinated by it.

My friend you ask?  The one that first told me about it when it was at $60?  He owns .15 of a BTC, which was a gift from me in 2015.  I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part.  He had read enough about it to deem it interesting enough to pass on to me, but never spent more time understanding it.

I still feel a tad guilty when we speak, cause he's not getting another gift haha

imagine if you had taken roach's advice, bought silver and gold you would be nowhere

[Samarkand]

... I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part. ...

Isn´t it possible that your friend simply didn´t had the money to buy
BTC even when the Bitcoin price was low? I guess a few people that believed
in Bitcoin simply missed out due to not being liquid enough to invest.

I´m not sure from which country you are, but even in a wealthy country
like the US the average person is not exactly having a lot of money
that is available for investment.

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

Maybe you should reconsider and gift him a few mBTC  

[gentlemand]

https://www.cnbc.com/2018/01/30/facebook-cryptocurrency-ads-banned--including-bitcoin-and-icos.html

Facebook banning ALL crypto advertising including the legit companies.

[xxxxxzzzzz]

So let's see ... Bitfinex steals 10's of thousands of btc from their customers less than a year ago ... oh I'm sorry "got hacked" ... as much as they could get away with and continue trying to appear to be operating legitimately , "losing" roughly 1/3 of all their customer's funds ...

Then ooops sorry everyone we don't have a bank to send dollars to the US anymore , so everyone US is forced to buy btc to withdraw ...

Meanwhile the same criminal people who run Finex also run Tether ... and they simultaneously issue *themselves* billions of dollars in fake money ... which they use to drag the market kicking and screaming UP (if anyone cares to remember , when bull run started that they initiated , they were several $100's above the other exchanges which did not want to go above $1000 in the first place ... but eventually they just got so out of whack with the rest of the market , the other exchanges finally followed) ... momentum manufactured and voila in a handful of months from the low 1000's to the 20k stupidity fraud value we just saw ...

And no , it doesn't matter if tether's a comparably small % of the total btc cap - that fake couple billion on Finex was more than enough money to force momentum in the btc market from $1000 up (especially if you Fing run an exchange ... and can see everything and trade against your fleeing "customers" ... and yknow use billions of $'s in fake money to prop up the price fraudulently and force stops the whole way with extreme volatility) ...

Sure looks a lot like a goxxed type thing to me , except goxxed *may* have been a combination of incompetence + greed , while finexxed appears much more intentionally criminal ... a matter of time before they're raided / shut down / and or just rob everyone left there and hop a flight to Bali ... stay tuned to find out which ...

The only question in my mind is just how severely the btc price will suffer when their fraud finally comes to an end , and when and how exactly that will take place ...

I'm guessing something along the lines of "hey folks , due to whatever bs reason we just made up / we just "got hacked" again , we're shutting down and everyone can withdraw their pennies on the dollar funds in tether only - goodluck with that as it collapses shortly thereafter , we'll keep the btc."

[greensheep]

sth completetly different, today I - tried - to open a new bank account to be able to transfer money later on this year.
Then I would have multiple account to withdraw to..
I was open about the fact that money from BTC/crypto would be transferered to the account.

I got a call later this afternoon to say that 'Deutsche Bank' will not open account for this???

WTF?? Really? Why??

[rezurect007]

Hope that was it.

[Imbatman]

... I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part. ...

Isn´t it possible that your friend simply didn´t had the money to buy
BTC even when the Bitcoin price was low? I guess a few people that believed
in Bitcoin simply missed out due to not being liquid enough to invest.

I´m not sure from which country you are, but even in a wealthy country
like the US the average person is not exactly having a lot of money
that is available for investment.

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

Maybe you should reconsider and gift him a few mBTC  

Nah, I know him well enough to know that he has/had enough discretionary income to invest in Bitcoin an amount he was willing to lose.  Interestingly (or sadly) enough, at the time I remember he was really into Physical silver.  He was accumulating quite a bit and we talked about Doomsday scenarios a lot.

You don't think ... my friend could actually be.... ?  No no, don't think it (shudders)  lol

[ivomm]

Guys, I have some questions. Tethers in Bitfinex's  address https://omniexplorer.info/lookupadd.aspx?address=1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw keep increasing to nearly 300 mln now. Why is this? Can users from Bitfinex withraw USD if they have USDT (which upon withdrawal are going to that address)?

[conspirosphere.tk]

Tether might be a scam, quick sell your bitcoin for Tether! /bitfinexTraders

in fact looks like bitfinexTraders are now bidding/buying relatively more than on other exchanges as if exiting tethers/finex:

https://data.bitcoinity.org/markets/books/USD

[AZwarel]

... I still struggle to understand why he recommended it to me, yet never embraced it himself.  I just think it was mainly laziness on his part. ...

Isn´t it possible that your friend simply didn´t had the money to buy
BTC even when the Bitcoin price was low? I guess a few people that believed
in Bitcoin simply missed out due to not being liquid enough to invest.

I´m not sure from which country you are, but even in a wealthy country
like the US the average person is not exactly having a lot of money
that is available for investment.

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

Maybe you should reconsider and gift him a few mBTC  

That might be the case, but, from my personal experience, it is mostly BS. I did not earn a lot (eastern eu. country), i cut back on my spendings - like a LOT - to put it in bitcoin. Most people waste money on shit. New clothes they do not need, all kinds of social indicators of wealth like newest phone, car, jewelry etc. I have talked to some of my friends about investing in the long term back than; they have rather spent several bitcoin's price on vacations in 2015/2016, so they can post a facebook report on "look, my life is awesome". Now those vacations costs 15x-20x in bitcoin price :-D

[jojo69]

I hope someone of you got a few buy orders filled.

can confirm

[mindrust]

What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up.

Never say never guys.  

[mindrust]

Still on track btw.

https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

[ghandi]

Afer we got goxed, we finally might get tetherd or finexed. or both. who knows

[rezurect007]

I hope someone of you got a few buy orders filled.

can confirm

yup. a few orders got filled..

[Torque]

63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency

This is exactly why when people say that Average Joes were largely responsible for the liftoff in Nov/Dec, I say they are completely full of shit.

[pera]

What if this whole thing since the last summer was a planned Gox v2.0? Bull running bitcoin to $20k and bear run it back to $1k after tether stuff blows up.

Never say never guys.  

Bitcoin will never touch $1k again. If this downtrend continues we will provably see $6k by the end of February and maybe even touch $3k by April or May, but that would be the most bearish case in my opinion.

[BinaryReign]

Been reading for a while but only now registered to speak.

Wanted to thank everyone for the great commentary and knowledge sharing.

I am in this for the long run, as stated previously: 1 BTC is 1 BTC. I am confident in the technology, which is what really matters here. This is just a quick stocking up stage. I believe/hope that BTC will only rise stronger. A good rise from this should show confidence in BTC and the community.

Thanks for the positive outlook. I hope to contribute more in the future, but it seems that many active users here are much more knowledgeable than I am.... but there are others that are clearly not. Hopefully I can find a spot to be helpful as well.

HODL/restock is the way through this.

Welcome fellow Hodler!

I’m kind of the same way, in that I have been reading here for longer than I have been registered (and I still rarely post), but I appreciate everyone here, even the trolls, bears and shills I have ignored lol. I have spent anywhere from 4-12 hours a day focusing on bitcoin/crypto these years, and a lot of that is seeing what is going on in here.

The reasons for these dips are so silly compared to around 3-5 years ago. Back then, we legit had no clue what the US government might decide to do. Many of us feared waking up one morning to news that they banned crypto currencies, but strong hands HODL.

Now look where we are, I couldn’t have imagined it all back then. I treated myself just before Christmas, by taking a two week vaca in Vegas, driving a Ferrari and eating amazing food. It was fantastic, and was only possible because of good ol BTC. In fact, twice BTC saved my trip from being ruined. Bank deposits don’t post to accounts on Sundays, so I used a BTC ATM and kept the party going