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

[rafanadal]

BTC vs BCH - two kids with developmental disabilities, arguing on who is more retarded.

 

[Paashaas]

"Dear valued customers,

We will close all the trading pairs in BCH market of Token Trading at 18:00 Mar 30, 2018 (Hong Kong time, UTC+8) due to inadequate liquidity. For better management of your funds, we recommend you to cancel your pending orders as soon as possible or our system will cancel them all at the closing time. Thank you for your understanding and we apologize for any inconvenience caused."

https://support.okex.com/hc/en-us/articles/360002258531

OKex appears to be bcash's highest volume exchange.

Both OKex and kucoincom removed all BCash pairs 

[rafanadal]

ETH is sub 400 lol

3xx

[JayJuanGee]

Because their electricity costs are currently still lower than their marginal cost of production, you numpty.  

If you’re going to troll, at least apply some brainpower first.

Yeah, and the electricity costs are still 5billion $ a year (7$ billion overall revenue). And this is the point I was making in the start, that you tried to stear away. Your childish demagogy won't work here. 7 Billion still needs to be payed to miners every year just to keep this crap afloat.

So what you are saying is that if bitcoin doesn’t go up? It goes down?

  

Exactly. There is no option for stability and keeping present value. It either has to expand, or it will start shrinking very quickly. It's really like a pyramid scheme in that manner.
If coin production would cost less, then the price would drop as long as the speculators are selling and then it would stop. With high production costs it won't stop, but will squeeze every juice out of this thing as possible.

Do you realize, you seemingly dimwitted trolljob, that there has been a price battle in bitcoin that has been going on for several years now, and it has periods of greater intensity.

Furthermore, with s-curve adoption, there are going to be a large number of price finding attempts at various points, which just means both up and down volatility.. while at the same time upwards price appreciation, that is still manipulated down from time to time, even while the price is largely heading exponentially upwards...

Hopefully, you are smart enough to both get paid in bitcoin for your stupid-ass trolling job, and not to really buy into the bullshit that you are propagating because you really cannot believe the nonsense that you are attempting to spread, can you?

I think that if you would just try drinking less coffee, then you wouldn't get upset so easily, and you would be able to express yourself more clearly.

Oh go figure.  The making shit up bittarded is "the adult" in this particular room.  Who wudda thunk?

[greensheep]

woop woop

Blockstream Inc, a blockchain solution company founded in 2014, has released a new Lightning App (LApp). It’s a WordPress plugin that allows users to accept payment in Bitcoin and other Lightning network supported crypto-currencies.

https://blockmanity.com/wordpress-websites-can-now-accept-instant-bitcoin-payments/

The more good news we get the more gloomy it'll be. 2014 was possibly the high point for good news. That just made Bitcoin double down on the fountain of feculence it was blasting into your gullet.

This is not 2014, but 2018!

[Rosewater Foundation]

wow

I guess it really was tulips all along

I was such a fool

We're comedy gold, unfortunately.
I'm still trying to get verified, stuck in the bottleneck with all the crushed normals. The amount of suffering we've generated here is frightening  

[jojo69]

It's OK, tomorrow is recycling day.  Imma go all around my neighborhood picking aluminum cans out of the bins.  I'll be fine...

[Im not a robot]

It's thursday, but instead of picking on Jay I will just look at the ROE on my short and watch the charts imagining all of his hopes and dreams evaporating.

[JayJuanGee]

Guys, your reasons for the continuing downtrend are all wrong.

It's pretty simple.

1. Whale(s) spend a full year pumping Bitcoin and altcoins to the moon, using massive leverage.

2. Whale(s) gain control of the float and thin it out, pushing prices to the moon.

3. Whale(s) massively short sell/dump in one go. Ending bull run.  Whale mega money then sits on sidelines.

4. Whale(s) use lotza coins to squeeze remaining float up and down to make money trading. Mostly down.

5. Average Joes finally lose interest. Sell at bottom.

... and then... eventually... (*we are not there yet*)...

6. Whale(s) use sidelined mega money to scoop up cheap coins at the bottom. Downtrend over. Next bull run starts.

There are no "reasons". There are no plausible "FUD". Its just the way it goes.

Yep!!!!  This was all pre-planned from a year ago and perhaps two years.  There are whale manipulators who  knew these details all along.   I knew it.   

[Im not a robot]

Maybe the price is just going down because people deployed debt to fomo buy something they didn't bother to understand and had no intention of using...

Nah, must be manipulation.

[JayJuanGee]

Guys, your reasons for the continuing downtrend are all wrong.

It's pretty simple.

1. Whale(s) spend a full year pumping Bitcoin and altcoins to the moon, using massive leverage.

2. Whale(s) gain control of the float and thin it out, pushing prices to the moon.

3. Whale(s) massively short sell/dump in one go. Ending bull run.  Whale mega money then sits on sidelines.

4. Whale(s) use lotza coins to squeeze remaining float up and down to make money trading. Mostly down.

5. Average Joes finally lose interest. Sell at bottom.

... and then... eventually... (*we are not there yet*)...

6. Whale(s) use sidelined mega money to scoop up cheap coins at the bottom. Downtrend over. Next bull run starts.

There are no "reasons". There are no plausible "FUD". Its just the way it goes.

Avarage Joe hasn't lost interest yet. You still seem very interested.

Except he isn't Average Joe.

P.S. Are we not overfeeding the trolls? They're growing a bit fat and bold. Their smell is starting to make the place unpleasant to visit.

That's what the troll shits like bittarded want.   They want you to become discouraged, and to get caught up on irrelevant, misleading and purely incorrect information.  Don't give them such satisfaction of giving into their framework... like you correctly stated, Torque might be a conspiracy nutjob, from time to time, but he surely is no average joe, nor uninformed in the crypto space.

Except he isn't Average Joe.

Oh yeah? Please explain.

No explanation needed you fucktard.... I mean bittarded.

[LFC_Bitcoin]

It's OK, tomorrow is recycling day.  Imma go all around my neighborhood picking aluminum cans out of the bins.  I'll be fine...

I was thinking about walking into town with my dog & a guitar & getting my busk on. How am I going to live?

[Ludwig Von]

Guys, your reasons for the continuing downtrend are all wrong.

It's pretty simple.

1. Whale(s) spend a full year pumping Bitcoin and altcoins to the moon, using massive leverage.

2. Whale(s) gain control of the float and thin it out, pushing prices to the moon.

3. Whale(s) massively short sell/dump in one go. Ending bull run.  Whale mega money then sits on sidelines.

4. Whale(s) use lotza coins to squeeze remaining float up and down to make money trading. Mostly down.

5. Average Joes finally lose interest. Sell at bottom.

... and then... eventually... (*we are not there yet*)...

6. Whale(s) use sidelined mega money to scoop up cheap coins at the bottom. Downtrend over. Next bull run starts.

There are no "reasons". There are no plausible "FUD". Its just the way it goes.

Yep!!!!  This was all pre-planned from a year ago and perhaps two years.  There are whale manipulators who  knew these details all along.   I knew it.  

Probably this plus a lot of coincidences : Mt Gox, futures etc. Now the whales are just preparing to move  capital from their FANG investments to BTC, on their terms welunderstood. Although the first effect of the FANGs going South will and has, also a negative effect on BTC.

[rafanadal]

Maybe the price is just going down because people deployed debt to fomo buy something they didn't bother to understand and had no intention of using...

Nah, must be manipulation.

Sadly, you're probably right.

[conspirosphere.tk]

Yep!!!!  This was all pre-planned from a year ago and perhaps two years.  There are whale manipulators who  knew these details all along.   I knew it.   

Funny how the ATH was on the day futures went online.


https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

[gentlemand]

Funny how the ATH was on the day futures went online.

Self fulfilling prophecy.

One thing I've noticed consistently with many people in crypto is the keenness, bordering on desperation, to defer to a higher authority. Futures volumes have been negligible much of the time but that hasn't stopped people blaming it for anything and everything or indeed referring to it for their own trades.

I think that article's a crock of shit in the main. Bubbliness couldn't have gone much further. It was crossing from ludicrous to plain insulting with some of the alt valuations.

There will come a time when instruments like this command things. It's not here yet. That said the concept can affect minds just as much as it being put into practice.

[conspirosphere.tk]

There will come a time when instruments like this command things. It's not here yet. That said the concept can affect minds just as much as it being put into practice.

Yeah, nothing to see here.

[Im not a robot]

Funny how the ATH was on the day futures went online.

Self fulfilling prophecy.

One thing I've noticed consistently with many people in crypto is the keenness, bordering on desperation, to defer to a higher authority. Futures volumes have been negligible much of the time but that hasn't stopped people blaming it for anything and everything or indeed referring to it for their own trades.

I think that article's a crock of shit in the main. Bubbliness couldn't have gone much further. It was crossing from ludicrous to plain insulting with some of the alt valuations.

There will come a time when instruments like this command things. It's not here yet. That said the concept can affect minds just as much as it being put into practice.

The way I see it the psychological road from 3k to 20k first was driven by people fomo buying btc post bcash launch to chase 'free money' from the countless other shitcoin forks. This attracted massive media attention w absurd price predictions and drew in more buyers. After segwit2x failure attention shifted to futures launch with the 'largest transfer of wealth' 'dumping on wall st' narrative, but there was no room for btc to gain further on futures launch as it was already priced in.

[RayX12]

Guys, your reasons for the continuing downtrend are all wrong.

It's pretty simple.

1. Whale(s) spend a full year pumping Bitcoin and altcoins to the moon, using massive leverage.

2. Whale(s) gain control of the float and thin it out, pushing prices to the moon.

3. Whale(s) massively short sell/dump in one go. Ending bull run.  Whale mega money then sits on sidelines.

4. Whale(s) use lotza coins to squeeze remaining float up and down to make money trading. Mostly down.

5. Average Joes finally lose interest. Sell at bottom.

... and then... eventually... (*we are not there yet*)...

6. Whale(s) use sidelined mega money to scoop up cheap coins at the bottom. Downtrend over. Next bull run starts.

There are no "reasons". There are no plausible "FUD". Its just the way it goes.

Yep!!!!  This was all pre-planned from a year ago and perhaps two years.  There are whale manipulators who  knew these details all along.   I knew it.   

Plus all the nervous retirees that cant wait another year!

[yefi]

I would gladly trade places with romneymoney...

The picture still isn't inconsistent with a more rapid recovery. I'd like to see a bottom by May-June time, preferably above $4K. A repeat of 2014 can't exactly be waved off either, but it seems almost a little too obvious and easy? Maybe I'm overcomplicating my analysis, but if there's one thing I've learnt from Bitcoin, it's that price rarely treads the easy path.