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

[TERA2]

Who says those arbitrary lines form the correct channel? I doubt so because it reaches infinitely high numbers too fast. What if THESE purple lines are actually the correct channel?

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[Paashaas]

I've seen gazillion of price predictions. Even without looking at those graphs, if you only look at the technology itself Bitcoin got 1 destination.

[infofront]

Something is happening in Canada. I don't know what it is, but I don't like it.

Hockey?
Rush concert?
Twinkly PM?
Poutine?

Wait I like Poutine...  it's not that one.

Shoulda never left Kansas.

Mass civil unrest!

[infofront]

Who says those arbitrary lines form the correct channel? I doubt so because it reaches infinitely high numbers too fast. What if THESE purple lines are actually the correct channel?

Your channel deviates too much from the adoption S-curve.

[Rosewater Foundation]

Something is happening in Canada. I don't know what it is, but I don't like it.

Hockey?
Rush concert?
Twinkly PM?
Poutine?

Wait I like Poutine...  it's not that one.

Shoulda never left Kansas.

Mass civil unrest!

different times

[HairyMaclairy]

Wash trading ... creates an illusion of false value velocity.

FTFY.

If funds will be directed to somewhere that doesn't have actual value to the economy,

Except funds aren't going anywhere. From right pocket to left pocket of the same entity is not a direction of funds.

I have seen United Bitcoin being wash traded on Quoine with a daily volume of $450k.   When you look at the books, the total value of buy orders until the price went to zero was $1,400.

[infofront]

Wash trading ... creates an illusion of false value velocity.

FTFY.

If funds will be directed to somewhere that doesn't have actual value to the economy,

Except funds aren't going anywhere. From right pocket to left pocket of the same entity is not a direction of funds.

I have seen United Bitcoin being wash traded on Quoine with a daily volume of $450k.   When you look at the books, the total value of buy orders until the price went to zero was $1,400.

Would that make the volume higher or lower than bcash?

[Harlot]

I wouldn't say its still valid but an ugly inverse cup and handle has formed in the 4 hour chart and its currently completing the handle. The reason why I say its not valid anymore is because it already broke from the handle and also the cup that was formed is more of a "W" rather than a well rounded "U" making the price breakdown possibility low. With the recent price jump from 6500$ we are now seeing Bulls trying to take control in the 7,000$ and right now we have failed to go up above 7,500$, another fail for that would mean a continuation of the inverse cup and handle, which BTC is expected to go down below 5,900$

[JayJuanGee]

I am kind of wondering what Gemini's goal is? 

I am thinking that maybe, just maybe ... bear with me here for a moment ... maybe ... profit maximization?

You are being a bit too smart-ass here.

Of course, they have a considerable goal that involves profit maximization, but how they achieve such goal - the means to the ends, is part of the question.

Do you really believe that if most other exchanges have fees below .25% then it is obvious that merely raising the fees to 1% is going to achieve their objectives?  If that were true, then a lot of other exchanges would have already gone down this supposedly obvious path.

There is a reason that coinbase keeps its maker trading fees at 0% and its taker trading fees at .25%.  Maybe in the future they will increase their fees, too - however, they have had 0% maker trading fees for several years.

So, you know as well as me, that you were not being genuine in your answer and you were not really grappling with the real question, right?

[HairyMaclairy]

Wash trading ... creates an illusion of false value velocity.

FTFY.

If funds will be directed to somewhere that doesn't have actual value to the economy,

Except funds aren't going anywhere. From right pocket to left pocket of the same entity is not a direction of funds.

I have seen United Bitcoin being wash traded on Quoine with a daily volume of $450k.   When you look at the books, the total value of buy orders until the price went to zero was $1,400.

Would that make the volume higher or lower than bcash?

The BCH/USDT pair volume today on Quione is $4k.  There is no BTC / BCH pair.  

The UBTC / BTC pair is $14k daily volume.  

So UBTC has over triple daily volume than bcash lol on that exchange.

[TERA2]

Who says those arbitrary lines form the correct channel? I doubt so because it reaches infinitely high numbers too fast. What if THESE purple lines are actually the correct channel?

Your channel deviates too much from the adoption S-curve.

This model applies to the growth of entire technologies and not to the price of a single security. Also, even in this model you can see many of the lines that started off fast and then leveled out.

[HairyMaclairy]

Bitcoin is a technology not a security. 

[TERA2]

Bitcoin is a technology not a security.  

Trying to choose the best semantic is impossible. You know what I mean. The price of just bitcoin versus the price of the entire blockchain bubble including altcoins, forks, ICOs, private chains, blockchain stocks, futures, mining farms, etc.

Bitcoin Core tokens is not a technology - it is just a single chain.

[explorer]

Something is happening in Canada. I don't know what it is, but I don't like it.

Hockey?
Rush concert?
Twinkly PM?
Poutine?

Wait I like Poutine...  it's not that one.

Shoulda never left Kansas.

Leaving Kansas was one of the best things I've done.  What a horrible 6 hours.

[JayJuanGee]

Bitcoin is a technology not a security.  

Trying to choose the best semantic is impossible. You know what I mean. The price of just bitcoin versus the price of the entire blockchain bubble including altcoins, forks, ICOs, private chains, blockchain stocks, futures, mining farms, etc.

Bitcoin Core tokens is not a technology - it is just a single chain.

What the fuck? 

Do you believe that you are adding value by trying to parse bullshit? 

Yeah, of course, you can cluster the whole of crypto-currency into one framework, and then try to act as if bitcoin is ONLY one small part of such framework, but then you are engaging in trolling, purposeful misleading, and talking the corporate mainstream media wishful talk with distractions. 

All of crypto is not some kind of greater concept than bitcoin, even though bitcoin happens to fit into such faulty frameworks...

Likely you are smart enough to know better, but you continuously bat around your creative and deceptive frameworks on a level of the lesser informed trolls... so yeah, I must applaud you for being more sophisticated than the average troll, but in the end you are similar to a Jorge Stolfi..... You, tera dee bearia, happen to assert BTC trading and profit principles, rather than Stolfi's stupid ass attempts at appearances of objectivity to act as if his failure and refusal to invest into bitcoin or any other crypto gave him superior levels of credibility..... and both you and him are full of shit, because both of you seemed intended to engage in spinning attempts to mislead.

Tera dee bearia:  "Bitcoin does not fit into the s-curve adoption graph of various technologies because it is not a technology...and other blah blah blah.."

I am like this, Tera dee bearia, and it hurts:




By the way, I understand that you fight with the whole concept of bitcoin adoption because you seem to constantly want to suggest that there is a considerable degree of bitcoin market saturation - which is also a flawed as fuck assumption when the most likely scenario remains that bitcoin is less than about .5% adoption... so you are floundering with your faulty premises that the bitcoin market is mature..

[Toxic2040]

Who says those arbitrary lines form the correct channel?

Gentlemen do.

And terabera..I thought you were leaving, again.. Still need to accumulate more cheap coins? How much more time do you think you will need?  Just curious.





Semi relevant data.

Resistance is turning into support. Looking good Bitcoin.

[jojo69]

different times

I remember at the Summit of the Americas in Quebec, the kids were using their hockey sticks to slap the CN canisters back at the pigs.  They could really get those things moving.  It was great.  The cops would lob a few cans over and within seconds they would get them back at like 100MPH and spinning...good times.

edit/ fuck...that was...17 years ago now, no wonder I feel so old

[jbreher]

Do you really believe ...

What I believe is that the Gemini's management has access to a wholehelluvalot more data on this particular situation than you or I would ever hope to have. I'm sure they've modeled the change twelve ways to Sunday, and their modeling shows this to be their high-probability route forward to profit maximization.

So, you know as well as me, that you were not being genuine in your answer and you were not really grappling with the real question, right?

Not at all. I was pointing out that your monday morning quarterbacking is worthless.

[TERA2]

Im still planning on leaving, but my plans to accumulate certain altcoins were interrupted and im waiting for the next dip. My bitcoin accumulation is over.

[Rosewater Foundation]

different times

I remember at the Summit of the Americas in Quebec, the kids were using their hockey sticks to slap the CN canisters back at the pigs.  They could really get those things moving.  It was great.  The cops would lob a few cans over and within seconds they would get them back at like 100MPH and spinning...good times.

edit/ fuck...that was...17 years ago now, no wonder I feel so old

Quebec has always been another kettle of fish. Last time I was in Montreal I accidentally joined a protest and got pepper sprayed a little.