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Question: Among your family and friends, who owns Bitcoin?
Myself only - 25 (32.1%)
Myself and my spouse/partner - 8 (10.3%)
My family - 9 (11.5%)
Close friends - 11 (14.1%)
All of the above - 25 (32.1%)
Total Voters: 78

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25280962 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. (157 posts by 13 users deleted.)
d_eddie
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April 01, 2018, 01:56:08 PM

Bitcoin has a secret weapon, it is call scarcity!

Take those coins away from the market and they will need to pump it again to shake the tree.  Grin



Not when they can provoke a massive panic selling, making the price drop to uncanny and unimaginable low levels.

Remember, they can print fiat money out of nowhere and at any time. Fiat money for them is infinite, and that's where most people base their perception of value.

The ensuing crisis from so much printing will be blamed on crypto, prompting legal persecution against it.

They were able to manipulate the price to below 8k in a matter of months. And this with only 10% of volume in the exchanges, the rest locked in personal wallets.

The solution is for the exchanges to create a private conclave and put a stop to it, blocking any trade below the mining value, with full authority and in a very artificial and biased way. This should be a international private conclave to protect crypto against the sharks from the banks and governments.

If they print money to feed their short positions then we print tethers to feed our longs.

Problem solved. Fight fire with fire. Fuck all.

It sounds nice and it can be a partial remedy, but the situation is asymmetric. Not to say your point has no merit, but freshly minted tether needs to be backed by fiat. Is it? Is it not? FUD FUD. Inquiries. FUD FUD. Audits. Walking a thin line, with regulation possibly disrupting any tether based counter action. Central bank supported action, on the other hand, doesn't really need any backing to print more fiat.

It's a bit like swords against cannons. The swords have to be plenty, and the action has to be close as in a melee.

There is another asymmetry, though, in the favor of swords. Scarcity, as RayX12 and fabiorem, among others, just suggested. It's like having a sloping battleground, where the swords have the higher position. This limits cannon reach and makes it easier to have quick runs at the enemy firing the cannons.

It takes a lot of patience.
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fabiorem
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April 01, 2018, 02:00:17 PM

If they print money to feed their short positions then we print tethers to feed our longs.

Problem solved. Fight fire with fire. Fuck all.


Thats why the exchanges need a conclave. They need to devise a plan to stop those sharks.

One way is to print tether by the trillions, without any fiat equivalent. No auditing will be possible. There will be layers after layers of overseas business to mask it. Everytime bitcoin drops, Ifinex could print 1 trillion tethers and no fucks will be given. The sheep who keeps complaining about it can go back to their masters, we dont want them in cryptospace.

The issue with gold and silver is that they cant be artificially printed. They are physical. Bitcoin is not, and here's a advantage, we will be playing in the same field the banksters are. There's a limit to bitcoin, but not to tether.

It will be a money printing war. Maybe at the end of it we can even save the precious metals as well, if we peg them to bitcoin instead of the dollar.

d_eddie
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April 01, 2018, 02:06:00 PM

If they print money to feed their short positions then we print tethers to feed our longs.

Problem solved. Fight fire with fire. Fuck all.


Thats why the exchanges need a conclave. They need to devise a plan to stop those sharks.
The exchanges feed on scraps from the sharks. Not gonna happen IMO.

Any realistic counter action should assume the exchanges are neutral (optimistic view) or hostile (more balanced view).
conspirosphere.tk
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April 01, 2018, 02:08:36 PM

What tells of manipulation is the weekend dumps. If one wants to get the most money for his coins he would not dump when fiat influx to exchanges is closed. But from now on the price is starting to become attractive for perspective buyers, and the more will be the more they crash it. Coins at $5K look like a 4X easy, at $3K a 7X, etc.
d_eddie
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April 01, 2018, 02:25:29 PM
Merited by conspirosphere.tk (1)

What tells of manipulation is the weekend dumps. If one wants to get the most money for his coins he would not dump when fiat influx to exchanges is closed. But from now on the price is starting to become attractive for perspective buyers, and the more will be the more they crash it. Coins at $5K look like a 4X easy, at $3K a 7X, etc.

+1 WOsMerit

Sorry I'm paying you in alts, but I'm keeping my last precious sMerits for worthy newbies, juniors etc. Not for legends until I have a few more.  Tongue
darenyu
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April 01, 2018, 02:26:28 PM

Well it looks like we are are fucked.

Breaking news, the UK has stated they are going to ban cryptocurrency.
d_eddie
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April 01, 2018, 02:29:00 PM

Well it looks like we are are fucked.

Breaking news, the UK has stated they are going to ban cryptocurrency.

Source? The National Lampoon, April 1st edition?

The Pound Sterling is fucked as it is now anyway.
LFC_Bitcoin
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April 01, 2018, 02:29:11 PM

Well it looks like we are are fucked.

Breaking news, the UK has stated they are going to ban cryptocurrency.


Link?
soullyG
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Decentralize everything


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April 01, 2018, 02:29:29 PM

Well it looks like we are are fucked.

Breaking news, the UK has stated they are going to ban cryptocurrency.


All except Dogecoin, because the queen finds it amusing.

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April 01, 2018, 02:32:20 PM

Why is it that  hardly anybody here other than myself and a couple of others will admit the show's over?
I know it's hard to accept but it's true.
Dark forces pushed it up to its heights  in order to be able to obliterate it.
Not just Bitcoin....all digital currencies.
You are seeing it with your own eyes but sill won't acknowledge it!
 Huh

https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal
RayX12
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April 01, 2018, 02:35:33 PM
Merited by bones261 (1)

Why is it that  hardly anybody here other than myself and a couple of others will admit the show's over?
I know it's hard to accept but it's true.
Dark forces pushed it up to its heights  in order to be able to obliterate it.
Not just Bitcoin....all digital currencies.
You are seeing it with your own eyes but sill won't acknowledge it!
 Huh

https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal

Broken record!



DEAR GOD!  Please allow me to take away point from fudsters!

bones261
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April 01, 2018, 02:44:16 PM

I guess last night was a bad time to tinker around with an online trading bot. It appears that I have now BTFD aka catching a falling knife.  Cry
On a positive note, my short at 25x on Bitmex is doing great. However, I only risked like .0016 BTC, so it's a whimpy hedge indeed. This is going to be a rough Easter/April fool's day. Hope we bounce off of some kind of support level, soon.
d_eddie
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April 01, 2018, 02:46:35 PM

Why is it that  hardly anybody here other than myself and a couple of others will admit the show's over?
I know it's hard to accept but it's true.
Dark forces pushed it up to its heights  in order to be able to obliterate it.
Not just Bitcoin....all digital currencies.
You are seeing it with your own eyes but sill won't acknowledge it!
 Huh

https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal

Broken record!



DEAR GOD!  Please allow me to take away point from fudsters!



Haiku for Tony

At $600 sold
His angry rants soon get old
Just a salted cod.

The linked article makes some sense, though, at least for me. I don't have to like the situation depicted there, but the author appears to have done some research and underpins the point with supporting (circumstantial) evidence. Preparing for different possible scenarios does not necessarily mean being a party pooper/fudster/shill/troll/whatever.
d_eddie
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April 01, 2018, 02:48:48 PM

I guess last night was a bad time to tinker around with an online trading bot. It appears that I have now BTFD aka catching a falling knife.  Cry
On a positive note, my short at 25x on Bitmex is doing great. However, I only risked like .0016 BTC, so it's a whimpy hedge indeed. This is going to be a rough Easter/April fool's day. Hope we bounce off of some kind of support level, soon.

Happy Easter, Bones! Now for the hard part - when to exit?  Cheesy Don't stress yourself too much.
tonyq
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April 01, 2018, 02:51:47 PM

Why is it that  hardly anybody here other than myself and a couple of others will admit the show's over?
I know it's hard to accept but it's true.
Dark forces pushed it up to its heights  in order to be able to obliterate it.
Not just Bitcoin....all digital currencies.
You are seeing it with your own eyes but sill won't acknowledge it!
 Huh

https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal

Broken record!



DEAR GOD!  Please allow me to take away point from fudsters!






tonyq
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April 01, 2018, 02:55:52 PM

Quote

The linked article makes some sense, though, at least for me. I don't have to like the situation depicted there, but the author appears to have done some research and underpins the point with supporting (circumstantial) evidence. Preparing for different possible scenarios does not necessarily mean being a party pooper/fudster/shill/troll/whatever.


Thanks d_eddie.
BitcoinBunny
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April 01, 2018, 03:02:53 PM

Well it looks like we are are fucked.

Breaking news, the UK has stated they are going to ban cryptocurrency.


I'm in the UK and hold crypto.
Can you give me an indication when they will come to arrest me as I need time to tidy up the house and drop the pets off at the neighbours.
Cheers.
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April 01, 2018, 03:03:22 PM
Merited by tonyq (15)

Seven years. They are dumping the gold and silver markets for seven years.

The guy from the article says to not sell, but at the same time recommends STFR. Is he meaning for a buy back?

But if the banks can do that for seven years with gold and silver, they can do the same with bitcoin. They dont need the asset, they just need to suppress it so that people go back to fiat. They can keep doing this forever.

Someone need to turn on that tether printing machine. If four trillion tethers are printed, and without any fiat backing it, bitcoin can be artificially pumped, and the short positions will be crushed. This will force the banks to go long to cover their expenses, reverting the situation.



bones261
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April 01, 2018, 03:05:53 PM

I guess last night was a bad time to tinker around with an online trading bot. It appears that I have now BTFD aka catching a falling knife.  Cry
On a positive note, my short at 25x on Bitmex is doing great. However, I only risked like .0016 BTC, so it's a whimpy hedge indeed. This is going to be a rough Easter/April fool's day. Hope we bounce off of some kind of support level, soon.

Happy Easter, Bones! Now for the hard part - when to exit?  Cheesy Don't stress yourself too much.

I'm begging to feel a lot like Gollum. I don't want to give up my precious.  Cry

BitcoinBunny
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April 01, 2018, 03:08:37 PM

BTC RSI under 30.
You may want to buy now. Doubt it will go much lower. ;-)
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