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Question: Closing BTC Price June 28:
$0 - 5 (3.1%)
<$7,000 - 4 (2.5%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.8%)
$9,000-$9,499 - 4 (2.5%)
$9,500-$9,999 - 27 (16.6%)
$10,000-$10,499 - 24 (14.7%)
$10,500-10,999 - 12 (7.4%)
$11,000-$11,499 - 14 (8.6%)
$11,500-$12,000 - 15 (9.2%)
>$12,000 - 41 (25.2%)
>$20,000 - 13 (8%)
Total Voters: 163

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21245117 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (66 posts by 16 users deleted.)
Lopumbo
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February 01, 2018, 12:27:07 PM

I understand this.

You clearly do not  Cheesy
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Enjel
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February 01, 2018, 12:29:32 PM

I understand this.

You clearly do not  Cheesy

You clearly don't Cheesy

Draw an extrapolation. I've done this, and if 2 billion USD were suddenly dumped (say Tether value is 0) then the price would probably decrease by about 10%.

Anyone claiming 30% or higher is a FUDster, trying to get cheap coins or blow something out of proportion.

Seems to be working, sadly.
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February 01, 2018, 12:29:38 PM

It appears some passengers on this train have decided to search for the exit in a completely orderly manner:

PoolMinor
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February 01, 2018, 12:33:11 PM


The issue shouldn't be a big deal, basically. Not nearly as big a deal as others are making it out to be.

You may be right. I'd sure feel a whole lot more optimistic if that were true.


It is obvious that Enjel still doesn't understand the ramifications of the Tether asset and what it represents beyond its market cap.
Lopumbo
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February 01, 2018, 12:34:01 PM

I understand this.

You clearly do not  Cheesy

You clearly don't Cheesy

Draw an extrapolation. I've done this, and if 2 billion USD were suddenly dumped (say Tether value is 0) then the price would probably decrease by about 10%.

Anyone claiming 30% or higher is a FUDster, trying to get cheap coins or blow something out of proportion.

Seems to be working, sadly.

We've seen in the last 3 weeks that 15-20 Million $ are enough to move the market by 7-10%. Look at the past "pumps" at 10k$ and the needed volume.
Dumping 2 Billion would crash BTC to 3 digits...
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February 01, 2018, 12:34:36 PM


The issue shouldn't be a big deal, basically. Not nearly as big a deal as others are making it out to be.

You may be right. I'd sure feel a whole lot more optimistic if that were true.


It is obvious that Enjel still doesn't understand the ramifications of the Tether asset and what it represents beyond its market cap.


I suppose Charlie Lee doesn't either? According to him too, price of USDT goes to 0 if unreserved. Bitcoin market takes a minor hit, goes on. (Actually he thinks it will not be impacted at all... unless people believe the FUD).
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February 01, 2018, 12:35:21 PM

Looks like I missed something since my last post since the price has taken another dip.
Has Tether blown up??
Or some other FUD??
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February 01, 2018, 12:35:56 PM

It is time for the end of the picnic bear and carebear and for the ascent and worship of Karhu.
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February 01, 2018, 12:36:05 PM

The issue shouldn't be a big deal, basically. Not nearly as big a deal as others are making it out to be.


I agree. This tether issue proves most users are still chained to the old system. They dont see bitcoin as a possible substitute for fiat currency in the future, but only as a way for quick profits. And this is bad, because it proves bitcoin was misunderstood.

If tether is backed by real dollars or not, bear in mind that fiat currencies are not backed by anything. People are failing to see this.

I miss Jimbo's posts. This thread now is a bear tavern.
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February 01, 2018, 12:36:10 PM

Can you guys at least f*cking focus on the current buy/sell statistics? That's what I'm here for.
All these useless predictions are really driving the level of this thread down. Everyone is calling new future lows for what? To be able to say 'I told you so' later?
Yes much like my predictions from 2015
https://bitcointalk.org/index.php?topic=178336.msg12234559#msg12234559


and 2016

https://bitcointalk.org/index.php?topic=178336.msg16007110#msg16007110

Good. So considering the recent movements and upcomming events like Chinese New Year, you advice to buy/hold/sell?
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February 01, 2018, 12:36:15 PM

Get ready for the next round of bitcoin FUD.

When political and economic maligning doesn't work, move to planetary phenomena.

https://www.zerohedge.com/news/2018-01-31/earths-magnetic-field-shifting-poles-may-flip-could-get-bad
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February 01, 2018, 12:39:04 PM

I understand this.

Nevertheless, the 1-2% of Bitcoin market cap that Tether encompasses could only drive down prices by 10% probably.

Express.co.uk was saying 30-80%. Not surprising, given that they're one of the worst FUD sites of all, but that's just extreme.

The issue shouldn't be a big deal, basically. Not nearly as big a deal as others are making it out to be.

Willy and Markus bought about 250 000 to 450 000 coins (!?!), you know what happened after.
We don't know how those usdT were used and what they bought with it.

And anyhow, in times of FUD you have to multiply every effect by 100.....

I agree. This tether issue proves most users are still chained to the old system. They dont see bitcoin as a possible substitute for fiat currency in the future, but only as a way for quick profits.

Sorry, but I think 99% of us knew that before Tether was even launched.
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February 01, 2018, 12:40:45 PM

Can you guys at least f*cking focus on the current buy/sell statistics? That's what I'm here for.
All these useless predictions are really driving the level of this thread down. Everyone is calling new future lows for what? To be able to say 'I told you so' later?
Yes much like my predictions from 2015
https://bitcointalk.org/index.php?topic=178336.msg12234559#msg12234559


and 2016

https://bitcointalk.org/index.php?topic=178336.msg16007110#msg16007110

Good. So considering the recent movements and upcomming events like Chinese New Year, you advice to buy/hold/sell?

China will be banning Bitcoin again, right around February 15 as per my prediction in micgoossens prediction giveaway.

https://bitcointalk.org/index.php?topic=178336.msg26801210#msg26801210
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February 01, 2018, 12:41:19 PM

I understand this.

You clearly do not  Cheesy

You clearly don't Cheesy

Draw an extrapolation. I've done this, and if 2 billion USD were suddenly dumped (say Tether value is 0) then the price would probably decrease by about 10%.

Anyone claiming 30% or higher is a FUDster, trying to get cheap coins or blow something out of proportion.

Seems to be working, sadly.

We've seen in the last 3 weeks that 15-20 Million $ are enough to move the market by 7-10%. Look at the past "pumps" at 10k$ and the needed volume.
Dumping 2 Billion would crash BTC to 3 digits...

I'm sorry, but this is SO INCORRECT.

Here's why:

Check out GDAX. 2% of the volume (just to be generous). Right now 70 million USD of BTC can be sold down to 7000 USD/BTC.

Multiply that by about 50, and you get 3.5 billion USD of Bitcoin, more than 2 billion.

So across exchanges (not just one exchange! Who cares?) Bitcoin wouldn't even drop to 7k if 2 billion were suddenly dumped on it.

Your claim that Tether would drop BTC to triple digits is so mistaken, it's ridiculous.

BTW, we also know that after massive dumps, buy orders quickly accumulate back again. I'd guess around 8k.

So that's how I come to the conclusion that USDT, WITHOUT FUD, wouldn't even drop the Bitcoin price 15% if it were truly priced in at total fraud.
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February 01, 2018, 12:42:30 PM

ETH always the best performance  Wink

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February 01, 2018, 12:42:59 PM

380,670,753   Feb 01 09:37 AM   Huobi
1DUb2YYbQA1jjaNYzVXLZ7ZioEhLXtbUru   329,339,572   Feb 01 09:37 AM   Bittrex
1Co1dhYDeF76DQyEyj4B5JdXF9J7TtfWWE   270,000,000   Dec 21 '17, 06:14 AM   Poloniex
...

These exchanges presumably had to buy the tether with real $$ in order to list tether on their exchanges in the first place. Whether the money tether received is still  tucked away or not is anyone's guess but unless tether gave all these exchanges free tether, your $50 - $100 million doesn't make sense.

In an exchange, you're generally trading with another customer, not the exchange. (The stock market has market makers who are obligated to step in when there is no opposing party. I don't know if crypto exchanges have the same thing or not. If so, then some small portion of transactions will be with the exchange.) Further anything you hold at the exchange is in the exchange's wallet. The above addresses are likely the exchanges' cold storage wallets.

So - this implies that most of the USDT on exchanges was brought there by customers. A tiny portion may have been bought by exchanges as a starter pool. Some unknown portion may be profit earned from the spread.
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February 01, 2018, 12:43:01 PM

When I went all-in on bitcoin at $200, the word bagholder was seen every other post in this thread.  Therefore, one can presume there will be no bitcoin bull market until the word bagholder makes a return, while it is currently completely extinct.  After a year or two of people calling Torque and JayJuanGee bagholders, someone will then decide to try and pump and dump it again.
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February 01, 2018, 12:46:05 PM

I understand this.

You clearly do not  Cheesy

You clearly don't Cheesy

Draw an extrapolation. I've done this, and if 2 billion USD were suddenly dumped (say Tether value is 0) then the price would probably decrease by about 10%.

Anyone claiming 30% or higher is a FUDster, trying to get cheap coins or blow something out of proportion.

Seems to be working, sadly.

We've seen in the last 3 weeks that 15-20 Million $ are enough to move the market by 7-10%. Look at the past "pumps" at 10k$ and the needed volume.
Dumping 2 Billion would crash BTC to 3 digits...

I'm sorry, but this is SO INCORRECT.

Here's why:

Check out GDAX. 2% of the volume (just to be generous). Right now 70 million USD of BTC can be sold down to 7000 USD/BTC.

Multiply that by about 50, and you get 3.5 billion USD of Bitcoin, more than 2 billion.

So across exchanges (not just one exchange! Who cares?) Bitcoin wouldn't even drop to 7k if 2 billion were suddenly dumped on it.

Your claim that Tether would drop BTC to triple digits is so mistaken, it's ridiculous.

BTW, we also know that after massive dumps, buy orders quickly accumulate back again. I'd guess around 8k.

So that's how I come to the conclusion that USDT, WITHOUT FUD, wouldn't even drop the Bitcoin price 15% if it were truly priced in at total fraud.

Also if everybody were to exit Tether, price of BTC should rise not fall..... Unless Tether are not only "unbacked" by real USD but backed by other cryptocurrency assets including BTC... then they would be the ones that are selling to maintain the peg of of $1 USD. If that were the case I hope they end up in jail.
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February 01, 2018, 12:46:36 PM

Hello bitcoinland, still sinking with the ship i see.

Not like you had a chance to sell at 20000 then 17000, then 13000...
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February 01, 2018, 12:49:29 PM

Hello bitcoinland, still sinking with the ship i see.

Not like you had a chance to sell at 20000 then 17000, then 13000...

Yea, I don't care if you're trading widgets hand made by God, the second you see a parabolic blow-off top, you dump everything and walk away from the market.

edit:  and LOL @ the Bitfinex spoofer's fraudulent wall.  This scammer should be in prison.  All the fucking tether scams and manipulation and bullshit originate from these idiots running Bitfinex.
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