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Question: Closing BTC Price June 28:
$0 - 5 (3.2%)
<$7,000 - 4 (2.6%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.9%)
$9,000-$9,499 - 4 (2.6%)
$9,500-$9,999 - 26 (16.9%)
$10,000-$10,499 - 24 (15.6%)
$10,500-10,999 - 12 (7.8%)
$11,000-$11,499 - 14 (9.1%)
$11,500-$12,000 - 15 (9.7%)
>$12,000 - 33 (21.4%)
>$20,000 - 13 (8.4%)
Total Voters: 154

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21243119 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.)
jojo69
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February 03, 2018, 01:20:36 AM

It’s also retarded that you can gamble on credit cards. It’s not your money.
It's not your not-money.

my only merit...sir
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toknormal
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February 03, 2018, 01:23:28 AM

https://modernconsensus.com/2018/02/02/circle-set-acquire-poloniex/
By Ken Kurson, February 2, 2018
Ken Kurson, founder of Modern Consensus, is on the board of directors of Ripple.

Aaghhh !

Full mandatory verification incoming. Holdings stuck on exchange forever now.
jojo69
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February 03, 2018, 01:24:27 AM
Merited by Last of the V8s (1)

Biggest Dow drop in years today. But Crypto is dead.




god DAMMIT!

out of merits
JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 03, 2018, 01:25:07 AM

Has anyone else gone through an obscene amount of alcohol in the last seven days or is it just me?


Probably just you....


hahahahaha


I'm just kidding.   

Even when I feel quite calm cool and collected (with a decent plan to advantage from this seemingly extreme downwards volatility), the situation can still be stressful - because us BTC watchers can never really be sure what price point is going to hold, exactly and when the downward momentum is going to end, exactly. 

This reversal in the past 10 hours at $7,625 does seem to have been based on a decent amount of dump spike volume that would be relatively convincing that the bears should have blown their wadds - but gosh.. we can never be certain until perhaps being more certain after we bounce back above a certain price point, perhaps that price point is above $12k-ish, currently?
It feels like just traders are left.  Tether/Bitfinex still unresolved.  Bitconnect might not have been a lot of money relative to bitcoin but it was a lot of people who are derping on YouTube and everywhere else “fuck all crypto”.  ICOs are either getting sued or getting C&D by Texas.  Anecdotal evidence points to 20k being top for a while.  People in this thread retiring by selling above 10k likely means they won’t buy back at above 10k so that segment is gone.  The regular people are gone.  I have a friend who’s a multi millionaire.  Double digits.  He got burned on LTC by buying it above $300 when stupid TV was pumping it with “three simple reasons why it’s better then bitcoin” and last time I tried throwing him some signals like set your bitcoin buys at mid 8s, mid 7s and his response was “fuck this, I ain’t dropping another penny on this shit”.   He got burned by the stock market a while back and to him this is just another market.   Nothing special or different.  Of course I could be wrong and who knows maybe hedge funds will buy to manipulate the futures market.  People don’t understand bitcoin is a savings mechanism not a fucken get rich quick mechanism.

You touch upon several decent news talking points, yet there remains a lot going on in bitcoin, which seems to suggest that this latest price correction to merely have been within the realms of a normal pullback, after a bit of too much exuberance.  

I think that the time range for recovery and hitting upon ATHs again is most likely in the 3 month to 18 month arena.  There are just too many good developments in bitcoin, and even this current price correction has not drug us into a bear market, yet.  Surely, I doubt you are even implying a bear market, yet, but if anyone wants to argue or suggest that we are now in a bear market, I assert that any such bear market assertion remains premature

I would say that if we go below $5k and stay there for any kind of meaningful time period then at that time we can start to talk about a bear market.  Otherwise, the bull market remains.  Of course if we dabble in the $5k to $7,500 territory for some kind of meaningful time, also, then at least a bear market discussion becomes more within the park of reasonable contemplation.  

Your example of Bulls retiring above $10k probably does not seem a representational phenomenon.  Accordingly, some bulls may have cashed out some coins above $10k, but with the passage of time, even these bulls may buy back above $10k, especially if they are buying in the context of a dip... so with the passage of time, lots of things can happen.... the price goes up, the price goes down.  

Regarding folks who bought in above $12k or even above $15k, they are not losers unless they cashed out lower than they bought, and there remain a variety of possible plans that can allow these above $12k buyers to bring down their average price per BTC or just ride out the market by HODLing.
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February 03, 2018, 01:28:56 AM

Hodl as long as you can. Spend only when you must.
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February 03, 2018, 01:35:10 AM

Seems we stopped at 8k.

There was a period where the price consolidated on that level, in november if Im not mistaken. It stayed one week on there.

It was assumed that money coming after 8k was mostly institutional, coming from Wall Street.

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February 03, 2018, 01:35:40 AM
Merited by yefi (2)

https://modernconsensus.com/2018/02/02/circle-set-acquire-poloniex/
By Ken Kurson, February 2, 2018
Ken Kurson, founder of Modern Consensus, is on the board of directors of Ripple.

Aaghhh !

Full mandatory verification incoming. Holdings stuck on exchange forever now.


Are you sure that's legit? That site was anonymously registered less than two months ago on 15 December, and I can't find any other news sites running that story.

https://www.whois.com/whois/modernconsensus.com

Quote
Registration Date:2017-12-15
Torque
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February 03, 2018, 01:40:03 AM

Biggest Dow drop in years today. But Crypto is dead.




https://twitter.com/StephenKing/status/959565970644889601

Lol
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February 03, 2018, 01:43:16 AM
Merited by RoomBot (4), bones261 (2), degxtra1 (1)

I wonder if it is good news that Finex/Tether has not printed any Tethers since the 23rd of January.


They need to buy real dollars to show to the coming audit. Only when they have the truck loaded and the audit done that they will print more.

I hope they print 10x more, just to watch r0ach post a dozen of walltexts about ponzi schemes, silver, jews, women, etc.
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February 03, 2018, 01:44:38 AM

What's the logic behind both crypto and stocks going down together ?
Do same set of people invested or influence the both or just natural ?
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February 03, 2018, 01:47:47 AM



Oh my!!!!!


The Torque-method.  An alliance.    Roll Eyes
bones261
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February 03, 2018, 01:48:20 AM

I wonder if it is good news that Finex/Tether has not printed any Tethers since the 23rd of January.


They need to buy real dollars to show to the coming audit. Only when they have the truck loaded and the audit done that they will print more.

I hope they print 10x more, just to watch r0ach post a dozen of walltexts about ponzi schemes, silver, jews, women, etc.

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.
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February 03, 2018, 01:53:10 AM

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.


The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.

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February 03, 2018, 02:13:06 AM

So, who sold at the bottom? Bear trap is over and according to masterluc we're in the beginning of the 4th wave. From this point we're going UP!

it's not over until rosewater and I are passed out in a pool of broken glass, tears, and our own vomit

does that happen often?



Naw, we cool.
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February 03, 2018, 02:17:49 AM
Last edit: February 03, 2018, 03:04:31 AM by PoolMinor
Merited by yefi (1)

https://modernconsensus.com/2018/02/02/circle-set-acquire-poloniex/
By Ken Kurson, February 2, 2018
Ken Kurson, founder of Modern Consensus, is on the board of directors of Ripple.

Apparently the above is false information.
https://twitter.com/AriDavidPaul/status/959598411954651136
jojo69
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February 03, 2018, 02:24:34 AM

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.


The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.



the timing is actually important...they need to back before creating
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February 03, 2018, 02:28:47 AM

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.


The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.



the timing is actually important...they need to back before creating

yeah, what I was thinking is IF they are selling BTC to pay for Tether to cook the books...I"m not even sure if that is 'illegal' as long as you make up the difference on your claim that you

back btc with usd to backstop the tether ..better late than never ..as such...

thus..this dump could make a lot of sense if tether folk are playing 'catch up' at our expense with the price dump Sad

(that sounds too simple to be correct...just tossing it out there)

bones261
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February 03, 2018, 02:35:57 AM

Wouldn't a decent auditor pay attention to dates and times? Or do they now have a bank that's willing to fix the books? I suppose they could  persuade Omni to do a hard fork to change those dates and times too.


The point in case is that every single tether should be backed by a dollar bill. I think this is what the regulators care most about.



the timing is actually important...they need to back before creating

Perhaps they can explain to the auditors that depositing dollars with Bitfinex/Tether.io is equivalent to depositing it into a black hole. After it passes through the event horizon, time becomes totally irrelevant. Grin
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February 03, 2018, 02:39:06 AM
Merited by bones261 (2)

I think if we were given a complete rundown of what Bitfinex have been up to behind the scenes over the years we would put our knickers on our heads and run screaming into the sea. I have no doubt they are 100% amoral.
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February 03, 2018, 02:44:06 AM

the timing is actually important...they need to back before creating



Can you deposit and withdraw fiat in Bitfinex? I thought you had to buy tether first, because they had bank problems... I dont use that exchange.

If the institution that control tether dont have all the money they supposedly have, and have been accumulating bitcoin over time, they might be dumping it in other exchanges for real dollar, to back the tether. Maybe this is causing the price to go down, as they need to sell quick. And they can fake those books, if the time is required.

But this is just conjecture, we will never know the extent of it. One thing we know is this tether business is very fishy. If they have been pumping the price artificially all this time, they might be dumping it, and if this is true, it can create a signal for shortings in the future... every time some regulator talks about auditing Bitfinex, we will have a bear signal. This, of course, if everything ends well for all sides. Because in most cases, it dont.
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