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

[JayJuanGee]

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.

This is a discussion forum related to bitcoin/usd market matters, so I doubt that it hurts to bat around ideas related to liquidity of a particular exchange and why they are changing their trading fees, and not everyone is as smart as you about the inter-operations of businesses and the supposed validity and efficaciousness of such business decision making (which I would not describe as Monday morning quarterbacking, because they can do whatever the fuck they want, but what they do has effects on what each of us might decide to do in terms of our own trading strategies or however we use their exchange, if at all.. so your monday morning quarter backing analogy seems completely out of place when some of us are participating in the use of such services).  

So even if you assert that Gemini has good business reasons for what they are doing, it still remains a decent topic to discuss why they may be moving away from the common Joe or if that is their motivation.. You know what they say and their business objectives might not line up, either.  

Surely, I am frustrated by the significance of their fee increases because I already had systems set up to use their services; however, now I am incentivized to use their service a lot less because there seem to be a lot of decent services that charge lower fees, which I would prefer to do... Even you seem to be using GDAX, and that has 0% fees for makers, and you seem to be using that kind of incentive - and what if they raise their fees to 1%, you going to change your behavior and perhaps discuss the situation, no?  

... and, yeah, maybe Gemini is going to be able to maintain sufficient trade volume and liquidity to achieve their various unstated objectives - and you are correct that is a risk that they are likely in better position to assess rather than me (or any of us other outsider dweebs) - however, the fact that they made the increase in their trading fees does not mean that they are either correct in their assumptions and/or goals or that their change will achieve their goals (as you seem to imply that whatever the fuck they do, they are smart and they will be successful in reaching their unstated goals.. .. whatever, this is not exactly about them, when we are talking about ourselves and our decisions about whether to use their services and/or how to change our practices, if we choose to do so.  

It seems presumptuous as fuck for you and your whole tone to unnecessarily dismiss and attempt to negate any fruitfulness in batting around this topic.  

You would rather talk about how Bcash is going to be the next bitcoin, or that bcash is the real bitcoin, as if that were to be some kind of more fruit bearing topic?

[1713865434]

1713865434

[JayJuanGee]

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.

A new name:  "Tera won't dis-a-pera"    

[HairyMaclairy]

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.

I appreciate your point.   I respectfully disagree on the basis that the blockchain ecosystem has a zero value other than Bitcoin which props up the entire shitshow.   This can be seen in the great shitcoin rotation where various coins ascend CMC, peak and then disappear forever.   Others like Doge take numerous runs at the throne only to immediately sink back into obscurity.  A select few such as XRP manage to sustain their existence on the promise of endless commercial pilots or a well planned mix of deliberate brand confusion, technobabble and paid social media campaigns.   The permissioned chains such as Corda are doing so badly that Mike Hearn is threatening to come back to Bitcoin and JP Morgan is spinning out its project and making the founder redundant.  

[pfrtlpfmpf]

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.

WTF ? Now there´s such a thing as "UBTC" ?
I was happy to claim my BTCP recently. Now all that again ! Do you guys think i have nothing to do in my life ?  

Please, can i have a fork-list of the forks, which are worth bothering.

[Biro Bob]

Please, can i have a fork-list of the forks, which are worth bothering.

There is only one worth mentioning .... https://banano.co.in

[Alexander_Z]

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

I have not heard of it before, probably I've been hibernating when it was mentioned first. It makes sense, however...

It is a theme that has been repeated in this thread to a decent degree through the years, and comes from fight club...   

I see, the first rule here is: never talk about the amount of BTC! I have missed it because I was dormant for a very long time. When bears rule, I find their habit of hibernating during (crypto)winter infectious 2017 was very invigorating, but now I have a feeling that going to sleep until 2019 may be a good idea. Maybe I'm wrong, but suspect that while almost everyone is waiting for a new bull season, there will be no bull season. And when almost everyone starts to think that there will be no new rise, a new pump will begin.

On the interwebs, you can get away with revealing a bit more about your BTC (or crypto or fiat) holdings, without punishment, unless you are hacked, of course. 

In the real world, you may be punished more if you reveal too many of those kinds of financial holding(s) details. 

By the way, I have a location in which I have several computers running bitcoin tickers from various angles (usually it is windows of bitcoinity.org and bitcoinwisdom.com), and sometimes if I have a visitor, the computer display triggers us to begin to talk about bitcoin.  Most visitors will not ask too many personal details about my holdings, but some folks will come out with direct questions, like "how many bitcoins do you have?".. hahahahhahahaha...   

When I first got those kinds of personal financial questions, I stumbled a bit or I might have said something that was somewhat responsive, but later I realized that I needed a better and less disclosing response.  These days, I ultimately tell them how ridiculous is their question, and depending on the audience, the way that I say it will vary; however, almost all of them seem to understand that their question was not appropriate.  My most frequently recent response will be to ask them how much gold they have or how much money is in their checking account, and from my counter-question the vast majority will realize the inappropriateness of their question.  There are a few folks who do not get it, and most of them do not have any money in their checking account, so they are not sensitive to revealing their lack of money.    Go figure?  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.

Right. Years ago bitcoin was just an almost useless and valueless curiosity, talking about it was the same as talking about the level of someone's player character in an online RPG (I do not play them, but I hear). Now it is in the same league as gold. I also tent to be cautious. Nobody I know in real life is aware of the fact that I have bitcoins (some may suspect), let alone how much. I had a few talks with my colleagues about crypto, but I never revealed that I have some coins.

[TERA2]

I told only my close relatives and my SO but my SO went and bragged about it to all their friends against my wishes.

[pacman7331]

Testing 7700 soon. 

[pfrtlpfmpf]

I told only my close relatives and my SO but my SO went and bragged about it to all their friends against my wishes.

Easy ! From now on, just say: Lost it all, boating accident, if necessary . . .

Anyway, when it goes down, they say: "it´s a bubble, sell it all".
When it goes up, they say: "where can i buy some, at 7/11 ? "

The opposite is just fine with me !

I mean, the money has to come from somewhere, No ?

[JayJuanGee]

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

I have not heard of it before, probably I've been hibernating when it was mentioned first. It makes sense, however...

It is a theme that has been repeated in this thread to a decent degree through the years, and comes from fight club...   

I see, the first rule here is: never talk about the amount of BTC! I have missed it because I was dormant for a very long time. When bears rule, I find their habit of hibernating during (crypto)winter infectious 2017 was very invigorating, but now I have a feeling that going to sleep until 2019 may be a good idea. Maybe I'm wrong, but suspect that while almost everyone is waiting for a new bull season, there will be no bull season. And when almost everyone starts to think that there will be no new rise, a new pump will begin.

I am getting the impression that you are very skeptical about BTC, and perhaps you are correct that bitcoin might be in a long level of flat and downward trends - but your assumption is no where near a given.  This is not 2014/2015, so price dynamics could play out differently.. on the other hand, 2019 is not necessarily a long time to wait for price action, and it is only 9 months away.

If you are sensing that you may not want to study into bitcoin or accumulate or anything like that in the coming year, then likely you already have a BTC stash that you feel is sufficient in the event that BTC prices go up from here - and sure it is possible that you have other things going on in your life that you feel deserve more of your attention, as compared with bitcoin.

Other folks may be more inclined, during this particular possible lull period to continue to spend decent resources accumulating bitcoin, in anticipation that a upwards price run is going to take place, even if the upwards price run is not imminent, it will pay off to continue to reasonable make continued accumulation efforts during this period.

If you have a lower price point in which you will buy in such as $5k or $3k or even $1.5k, you may or may not get such opportunity to buy in at that point, but it is good to personally have some outline regarding where you would consider to be good buying opportunities and also to be sufficiently content if the price does not go down to your buy target points.

On the interwebs, you can get away with revealing a bit more about your BTC (or crypto or fiat) holdings, without punishment, unless you are hacked, of course. 

In the real world, you may be punished more if you reveal too many of those kinds of financial holding(s) details. 

By the way, I have a location in which I have several computers running bitcoin tickers from various angles (usually it is windows of bitcoinity.org and bitcoinwisdom.com), and sometimes if I have a visitor, the computer display triggers us to begin to talk about bitcoin.  Most visitors will not ask too many personal details about my holdings, but some folks will come out with direct questions, like "how many bitcoins do you have?".. hahahahhahahaha...   

When I first got those kinds of personal financial questions, I stumbled a bit or I might have said something that was somewhat responsive, but later I realized that I needed a better and less disclosing response.  These days, I ultimately tell them how ridiculous is their question, and depending on the audience, the way that I say it will vary; however, almost all of them seem to understand that their question was not appropriate.  My most frequently recent response will be to ask them how much gold they have or how much money is in their checking account, and from my counter-question the vast majority will realize the inappropriateness of their question.  There are a few folks who do not get it, and most of them do not have any money in their checking account, so they are not sensitive to revealing their lack of money.    Go figure?  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.

Right. Years ago bitcoin was just an almost useless and valueless curiosity, talking about it was the same as talking about the level of someone's player character in an online RPG (I do not play them, but I hear). Now it is in the same league as gold. I also tent to be cautious. Nobody I know in real life is aware of the fact that I have bitcoins (some may suspect), let alone how much. I had a few talks with my colleagues about crypto, but I never revealed that I have some coins.

In one sense, it would make sense a decent amount of sense if you don't feel very passionate about bitcoin or very strongly about wanting to accumulate bitcoin, then you may well not be very invested in the concept (but only luke warm about it), so in that regard, it would make sense that you would not even feel any kind of inclination to share your knowledge with others because you merely view bitcoin as blasé.... and something that may or may not happen or some thing that may or may not be important.. and that is your viewpoint, which likely differs from guys who actively participate in forums like this one, even during down price periods.  For different folks, there are different strokes.

[Vlada69]

Calm before the storm...As much as I hate it...

[pacman7331]

HODL your liquor

[rafanadal]

Yup sadest bulltrap ever
5k is inevitable

[bakasabo]

Just for laugh, did you read this The World’s Worst Crypto Article of All-Time ?

Just take a short glance on 5 reasons author of the article wrote.

[BitExalt]

More and more people know about cryptocurrency, all circles are not excluded. there is no way other than HODL.

[_javier_]

manipulators are so obvious these days 

[blacky90]

So we are going to sub 5k soon?

[mike4001]

So we are going to sub 5k soon?

Well, it's basically a continous down-movement since January. it's very much possible.

Volume is far to low for it to rise again.

Maybe we can stay at 7k or we go down ... noone knows.

But you can be sure we won't go up any time soon.

[pacman7331]

So we are going to sub 5k soon?

Still bullish. Volume of sells doesn’t match our rebound of buys.

I can’t see if all the sells were in fact simply support being withdrawn to get a lower price and have shorts close? Could be another bear trap.

[Vlada69]

So we are going to sub 5k soon?

Still bullish. Volume of sells doesn’t match our rebound of buys.

I can’t see if all the sells were in fact simply support being withdrawn to get a lower price and have shorts close? Could be another bear trap.

We'll know for sure when Americans wake up. I hope you are right as they usually sell.