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

[RayX12]

The sellwalls at 7,5k are really strong.

For instance: I don't understand why someone would put up a sell order of 100 BTC at exactly 7,5k just to hold the price down.

Does he realize that also his own coins will not rise in value if he keeps the price down?

Bitcoin market will always be a little chaotic, because of the unknown.
For instance any drug dealer, who did tor market business during 2010-13 and got imprisoned for that, will probably have loads of coins left in cold wallets, waiting to be dumped. Autistic people, who live in their parents basements and have no conception of wealth, could now be bitcoin whales with a lot of weight on the market. That is why things don't often make logical sense here. Lots of people out there who are inexperienced in dealing with wealth.

Is this a joke? Lol

yes!

. o O ( imagination filling the rest of the scene )

driving a car with a girl wearing black and a white hat 

Be careful what you wish!

[explorer]

Code:

This user is currently ignored.

Has gone through the roof.  Shit is about to get real.

[gembitz]

https://twitter.com/bitcoinrick/status/981233235635195904

Lol

baby seals are dying :-D haha

[fabiorem]

Finally FA.

We need more charts like that.

[arklan]

Active shooter at Youtube headquarters.

while i've seen this as well... why is it relevant here?

or are we just discussing it as a current event?

either way... fuck i hate people.

Ah hah!!!!!   I have figured it out.  You, arkian, are BOT.   

...eh, better than being organic. no more sweating, or being hungry... *sigh* that would be nice...

[xhomerx10]

That was one hell of a lot of work to create a steady animated GIF from that video and I'm not sure it was worth my time...



 What's wrong with this guy?!

[RayX12]

Finally FA.

We need more charts like that.

Yes baby I am selling some of my bitcoin after the next split!

HODLING AND HODLING TILL 2021!

[LFC_Bitcoin]

Now that is some shit I can get on board with

+ 2 sMerits

[HairyMaclairy]

Emin Gun Sirer calls Craig Wright a Nigerian scammer:

https://twitter.com/el33th4xor/status/981169717984415750?s=21

[JayJuanGee]

  So probably, the more money (in this case bitcoins) you accumulate, the more prudent it will be to convolute your answers, if any, to those kinds of inquiries.

JJG must be hyper-rich

Surely, I am attempting to use logic, and I am talking hypothetically to say that the more bitcoin (or otherwise wealth) that you have, then likely the less that you are going to say about it.

So in that regard, don't I say a lot here?  So wouldn't the proper conclusion be that I don't have very much?  Unless I am using reverse psychology, to throw you off my tracks?   

Why So Many talking about BTC in here ..... again as youre walls of text are here.... there not about youre personal pocket.... maybe percentage but percentage of what.... i think less in here talk about there personal wealth, and i think  Thats allways best

Surely any of us can say what we believe is good to talk about or not, yet in the end, there seems to be quite a large amount of tolerance latitude for topics.  If you want to personalize your presentation, then that is your choice. 

Regarding percentages of what?  Why would it matter, if we talk about buying at x increments or restructuring our buy/sell orders?  and, sure even some folks buy or sell and go 100% "in" or "out", but even that might not be understandable unless they provide details of their other investments (finances) or even their timeline, risk tolerance, view of the future or cashflow details.

[HairyMaclairy]

https://www.moonmath.win

[Elwar]

Is he saying "more baby sausage!"?

[JayJuanGee]

Anyone concerned that Gemini seems to have raised their trading fees 4x in the past day on top of about a 2x increase from last year.  Seems to add up to about 10x increase in their fees.  Here is a thread that was started about the issue.

https://bitcointalk.org/index.php?topic=3248495.msg33826905#msg33826905

I am kind of wondering what Gemini's goal is?  It would seem that if they wanted to create more liquidity, then they would keep the fees lower, but perhaps they are attempting to become the Cadillac of exchanges, and I wonder if other exchanges will follow to raise their trading fees? or if Gemini will attempt to serve more of a niche clientelle who are willing to pay higher trading fees?

[Ludwig Von]

Anyone concerned that Gemini seems to have raised their trading fees 4x in the past day on top of about a 2x increase from last year.  Seems to add up to about 10x increase in their fees.  Here is a thread that was started about the issue.

https://bitcointalk.org/index.php?topic=3248495.msg33826905#msg33826905

I am kind of wondering what Gemini's goal is?  It would seem that if they wanted to create more liquidity, then they would keep the fees lower, but perhaps they are attempting to become the Cadillac of exchanges, and I wonder if other exchanges will follow to raise their trading fees? or if Gemini will attempt to serve more of a niche clientelle who are willing to pay higher trading fees?

I would pay higher fees than on other exchanges if there is higher return. Whatever that might be... .

[JayJuanGee]

Anyone concerned that Gemini seems to have raised their trading fees 4x in the past day on top of about a 2x increase from last year.  Seems to add up to about 10x increase in their fees.  Here is a thread that was started about the issue.

https://bitcointalk.org/index.php?topic=3248495.msg33826905#msg33826905

I am kind of wondering what Gemini's goal is?  It would seem that if they wanted to create more liquidity, then they would keep the fees lower, but perhaps they are attempting to become the Cadillac of exchanges, and I wonder if other exchanges will follow to raise their trading fees? or if Gemini will attempt to serve more of a niche clientelle who are willing to pay higher trading fees?

I would pay higher fees than on other exchanges if there is higher return. Whatever that might be... .

High return could be considered to be more security and more volatility, but I don't think that purposefully creating higher volatility by removing liquidity is a way to increase user confidence in a platform. 

I have no real idea of their motivation at this point, except that they are attempting to go down the path of prestigious pricing, and that does not seem to be a good move based on their current market position based on current trade volume (but hey what do I know?  Administrators/owners there would know their trade numbers better than my looking at what I believe to be their relatively mediocre trade volume).   

[Ludwig Von]

Anyone concerned that Gemini seems to have raised their trading fees 4x in the past day on top of about a 2x increase from last year.  Seems to add up to about 10x increase in their fees.  Here is a thread that was started about the issue.

https://bitcointalk.org/index.php?topic=3248495.msg33826905#msg33826905

I am kind of wondering what Gemini's goal is?  It would seem that if they wanted to create more liquidity, then they would keep the fees lower, but perhaps they are attempting to become the Cadillac of exchanges, and I wonder if other exchanges will follow to raise their trading fees? or if Gemini will attempt to serve more of a niche clientelle who are willing to pay higher trading fees?

I would pay higher fees than on other exchanges if there is higher return. Whatever that might be... .

High return could be considered to be more security and more volatility, but I don't think that purposefully creating higher volatility by removing liquidity is a way to increase user confidence in a platform. 

I have no real idea of their motivation at this point, except that they are attempting to go down the path of prestigious pricing, and that does not seem to be a good move based on their current market position based on current trade volume (but hey what do I know?  Administrators/owners there would know their trade numbers better than my looking at what I believe to be their relatively mediocre trade volume).   

Maybe it is just because of the low volume... . In that case, they might be followed by the others.

[JayJuanGee]

Anyone concerned that Gemini seems to have raised their trading fees 4x in the past day on top of about a 2x increase from last year.  Seems to add up to about 10x increase in their fees.  Here is a thread that was started about the issue.

https://bitcointalk.org/index.php?topic=3248495.msg33826905#msg33826905

I am kind of wondering what Gemini's goal is?  It would seem that if they wanted to create more liquidity, then they would keep the fees lower, but perhaps they are attempting to become the Cadillac of exchanges, and I wonder if other exchanges will follow to raise their trading fees? or if Gemini will attempt to serve more of a niche clientelle who are willing to pay higher trading fees?

I would pay higher fees than on other exchanges if there is higher return. Whatever that might be... .

High return could be considered to be more security and more volatility, but I don't think that purposefully creating higher volatility by removing liquidity is a way to increase user confidence in a platform. 

I have no real idea of their motivation at this point, except that they are attempting to go down the path of prestigious pricing, and that does not seem to be a good move based on their current market position based on current trade volume (but hey what do I know?  Administrators/owners there would know their trade numbers better than my looking at what I believe to be their relatively mediocre trade volume).   

Maybe it is just because of the low volume... . In that case, they might be followed by the others.

I am not sure about whether you are misreading my post.  Gemini has lower trade volume relative to other exchanges; however, their increasing their fees is likely to decrease their trade volume - however, those kinds of measurements would be for them to make about whether their trading volume decreases significantly in order to cause the increase in fees to be imprudent, from a business perspective. 

They are an exchange, so I am not sure about why they would take measures that might decrease their trading volume, unless they are gambling on the fact that more and more BIGGER investors are coming into the space (such as institutional investors), and they are trying to cater their platform towards the institutional investors rather than the regular Joe.. but even institutional investors like to see high volume which is likely going to come, in part, from regular Joes.

Regarding overall assessments of low trading volume, currently, I think that those kinds of assertions of low overall trade volume are a mythical, and I believe that we have not left BTC price battling, and this supposed consolidation game (in the below $10k arena) is not over yet... so even if there might be some recent drops in trade volume, I doubt that those recent drops are anything more than temporary - in the current bitcoin (and crypto) price dynamic climate.

There is a bit of a contradiction in the service that Gemini offers, because they are increasing their trading fees, but their fees for getting  in and out seem to be lower than the average (see these Gemini transfer fees)

[player99]

Is he saying "more baby sausage!"?

LOL

[Torque]

Is he saying "more baby sausage!"?

"More spankings all night!" ?

[Rosewater Foundation]