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

[infofront]

Sorry guys, but tears shouldn't come as a surprise in this situation.
This will probably bounce back to somewhere near 7100$ over the weekend and then tears will continue. You can't just hope a trend reversal out of nothing.

The crypto game goes like this. A group of people, who have the largest ownership of coin, are coordinating their moves in a way, that profits them best. Over the years, they have acquired over half of bitcoin available, while more then a half of the largest volume exchanges are owned by the same people and the public CEOs are just fronts. They can deficit the supply, create dollars out of thin air and if they wanted to, then drop bitcoin price sub single digits and actually keep it there. The last part isn't their goal tho. Their motivation is to siphon wealth out of people through the crypto game. The best way for this would be for a quick pump, followed by proper media coverage. This will attract gamblers who hope for easy riches. So, when the market is saturated enough with noobs, then it needs to be slowly bled and total desperation is essential on the outcome of things. You don't drop the market quickly, because this would create panic and would push the gamblers to take their money away. What they do is they control the price enough that there will be -20% slow drops, followed by +10% quick gains. Many people here are a little nuts from the religious aspect of things, so they keep parroting that this every +10% is actually a reversal. But not all is so innocent and a lot of the "friendly avarage Joe bitcoiners" that you see in this place, are actually sock puppets of rich guys and smart guys doing psiops to keep the actual average Joe involved.
The main target in this game are people who are taking mortgages and are playing with more then they can lose. They can't afford to be patient and can be easily hooked. During this whole year, they aren't selling because dealing with the current losses is too much for them. They are too emotionally involved and that clouds their judgment.

Psi-Ops Agent #D359382 reporting in. You may know our plans, but you'll never stop us! 

[Jacques_Bittard]

Sorry guys, but tears shouldn't come as a surprise in this situation.
This will probably bounce back to somewhere near 7100$ over the weekend and then tears will continue. You can't just hope a trend reversal out of nothing.

The crypto game goes like this. A group of people, who have the largest ownership of coin, are coordinating their moves in a way, that profits them best. Over the years, they have acquired over half of bitcoin available, while more then a half of the largest volume exchanges are owned by the same people and the public CEOs are just fronts. They can deficit the supply, create dollars out of thin air and if they wanted to, then drop bitcoin price sub single digits and actually keep it there. The last part isn't their goal tho. Their motivation is to siphon wealth out of people through the crypto game. The best way for this would be for a quick pump, followed by proper media coverage. This will attract gamblers who hope for easy riches. So, when the market is saturated enough with noobs, then it needs to be slowly bled and total desperation is essential on the outcome of things. You don't drop the market quickly, because this would create panic and would push the gamblers to take their money away. What they do is they control the price enough that there will be -20% slow drops, followed by +10% quick gains. Many people here are a little nuts from the religious aspect of things, so they keep parroting that this every +10% is actually a reversal. But not all is so innocent and a lot of the "friendly avarage Joe bitcoiners" that you see in this place, are actually sock puppets of rich guys and smart guys doing psiops to keep the actual average Joe involved.
The main target in this game are people who are taking mortgages and are playing with more then they can lose. They can't afford to be patient and can be easily hooked. During this whole year, they aren't selling because dealing with the current losses is too much for them. They are too emotionally involved and that clouds their judgment.

Psi-Ops Agent #D359382 reporting in. You may know our plans, but you'll never stop us! 

I'm not here to stop you, I think that you are fun guys and I just want to play.

[blacky90]

Aren’t we already pretty much oversold yet?

[pacman7331]

no

maybe tomorrow

Bears are greedy

[Paashaas]

Ripple tried to buy a listing on exchanges like coinbase and Gemini and failed 

https://www.bloomberg.com/news/articles/2018-04-04/ripple-is-said-to-struggle-to-buy-u-s-listing-for-popular-coin

[DPoS2]

If more mainstreamers knew how and were able to short then you would get a nice bull run short squeeze...   as such you don't have enough suckers on that side like you do on the long side so you only get short spikes followed by long stair falling price action

[Paashaas]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

[cAPSLOCK]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.

[HairyMaclairy]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.

How do you fund it?

[cAPSLOCK]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.

How do you fund it?

It's a regular bitcoin wallet.  Send it some coin to a segwit address, and then you use that to open lightning channels.  It's super easy.  Took me about the span of three confirmations to have a ready to spend lightning channel open.  And seeing lightning work is pretty exciting.  It's fast for sure.

[TERA2]

... quite the nasty, cynical type aren't ya? Coming here to merely wallow in some freudenschade ..

It is a result of others being cynical and nasty to me at other times. Im not just addressing random people. Some of the bulls get rather rude and agressive during a 10% dead cat bounce and after posting many pics of trains and rockets they tell the bears how ingorant they are, using curse words even.

[marcus_of_augustus]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.

yes, the limitation for send only is because it is not a full node. You can set it to connect to your own remote full node (on home desktop, server etc) however, or it defaults to the developer's provided full node otherwise. And of course you can receive on your own full node.

I think there is a good business model here in becoming the first company to do "LightningPay" (bitcoin layer-2) set-ups for merchants, in the same way BitPay did for bitcoin layer-1 ... with instant payments and unlimited TX capacity for the foreseeable future the potential is a few orders of magnitude bigger than BitPay's business model.

[cAPSLOCK]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.

How do you fund it?

It's a regular bitcoin wallet.  Send it some coin to a segwit address, and then you use that to open lightning channels.  It's super easy.  Took me about the span of three confirmations to have a ready to spend lightning channel open.  And seeing lightning work is pretty exciting.  It's fast for sure.

Oh... BTW I funded it, and opened and closed THREE channels.  Total fees ~.00004000 BTC.  or about $0.25US  

[cAPSLOCK]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.

yes, the limitation for send only is because it is not a full node. You can set it to connect to your own remote full node (on home desktop, server etc) however, or it defaults to the developer's provided full node otherwise. And of course you can receive on your own full node.

I think there is a good business model here in becoming the first company to do "LightningPay" (bitcoin layer-2) set-ups for merchants, in the same way BitPay did for bitcoin layer-1 ... with instant payments and unlimited TX capacity for the foreseeable future the potential is a few orders of magnitude bigger than BitPay's business model.

Yeah.  I have a full node (Well I run a few of those, lol) with lnd.  I can certainly connect to that.  But I suppose to re-fund the phone wallet I have to just do it from the main chain every time?   Am I missing another way?

[Rosewater Foundation]

http://lightningnetworkstores.com

The Blockstream special:



 

[marcus_of_augustus]

http://lightningnetworkstores.com

The Blockstream special:



 

https://mainnet.yalls.org/

... who's gonna be the first to create a pay-per-read "Wall Observer" group on Y'alls? (costs measly $25)

[cAPSLOCK]

http://lightningnetworkstores.com

The Blockstream special:



 

I got the tshirts and the stickers.

While we are here I have a philosophical question for you Mr. Rosewater...

I have been watching BTC since June of '11.  I've seen several of these climbs...  each one making the previous one look like a pimple.  Sometimes they have been months apart, sometimes years.

This last one...  magnificent.  I fantasized of owning beachfront maui property.  Oh well... 

But my question. 

Do you really think that one was it?  The last one?  No more coming?  This last one will NEVER do the pimple trick?


(Ps.  I am psyops agent cA7739011)

[Rosewater Foundation]

It's a fair question. I've considered lots of possibilities. Some of them give me goose bumps.

[Rosewater Foundation]

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months.

[marcus_of_augustus]

I have been watching BTC since June of '11.  I've seen several of these climbs...  each one making the previous one look like a pimple.  Sometimes they have been months apart, sometimes years.

This last one...  magnificent.  I fantasized of owning beachfront maui property.  Oh well...  

But my question.  

Do you really think that one was it?  The last one?  No more coming?  This last one will NEVER do the pimple trick?


(Ps.  I am psyops agent cA7739011)

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.