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

[jojo69]

holy fuck

it went from furnace to AC weather here in like 2 days...

imma have to stop mining soon

[Last of the V8s]

[Toxic2040]

On the 1h we look to be entering a consolidation zone. I had thought this rise would coincide with the weekend but Bulls appear to be ready to test resistance at $9.3k.


As we step back and look at the 4h chart, testing $10k this weekend looks like a possibility. #dyor

@infofront    Thanks man..the sarcasm aside, I am quite honored actually. 

[Torque]

So glad to see Erik Voorhees finally coming around :

https://twitter.com/ErikVoorhees/status/989657463858253824

[infofront]

So glad to see Erik Voorhees finally coming around :

https://twitter.com/ErikVoorhees/status/989657463858253824

He seems like a guy who always tries to be on the winning side. He just made an erroneous prediction when siding against Bitcoin.

[HairyMaclairy]

[jojo69]

man...I remember when Eric used to post up in this thread

he had that fabulous red mask

[KyleSpades]

This 400 BTC Sell Wall shaped throughout the last few hours is as insane as it is pretty, indeed

[JayJuanGee]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

Even though the idea seems appealing, I don't think that there are very many viable lawsuits that could be filed, unless you could get bcash classified as a security with the SEC, then perhaps some of those SEC related obligations could apply.  

Otherwise, what would be the grounds of such lawsuit against bitcoin.com.. portraying itself as coke when it is really pepsi?  I might get more excited once I see some legal document that is filed, and see what is being alleged.  or otherwise, if someone knows about a decently solid set of allegations that might have some teeth for either damages or injunctive relief, I would be interested to hear those... otherwise such lawsuit, if it were filed, would likely go no where, right?

The lawsuit can only be successful if it's proven that someone lost money due to his deception.

How many people have actually been fooled? Out of those, how many of them lost money? If there were any people dumb enough to have been fooled into bcash, and lost money on it, they're probably not even going to hear about this lawsuit.

Even if the lawyers manage to sign up people who were stupid enough to buy bcash, and realize losses, it's not over yet. Roger's [highly paid] attorneys would stand a very good chance of being able to convince some ignorant judge that Bitcoin Judas is entitled to use the Bitcoin name for his fork.

TLDR: The lawsuit is going nowhere.

Part of my earlier point was that people being fooled is not enough for a valid cause of action..... even for basic common law fraud type allegations - there is a principle of buyer beware in common law... (aka caveat emptor).  Further bitcoin is not trademarked nor copyrighted nor patented, so using the name and saying that you are the real bitcoin is likely not enough, either... There would have to be a showing of intentional and malicious knowing deception - and that might not even be enough without using securities law - and Bcash would have to be deemed a security (which does not create a private cause of action, anyhow, as far as I know (meaning that the SEC is the only agency empowered to bring such a claim)).

[billyjoeallen]

I'd like to think that whoever is trying to reset my password knows how well-respected and admired I am 'round these parts.

[KyleSpades]

On the 1h we look to be entering a consolidation zone. I had thought this rise would coincide with the weekend but Bulls appear to be ready to test resistance at $9.3k.


As we step back and look at the 4h chart, testing $10k this weekend looks like a possibility. #dyor

@infofront    Thanks man..the sarcasm aside, I am quite honored actually. 

About that second chart, don't you think that there could be one or two bigger rebounds before hitting the 10,5-11? I've seen a lot of people in TradeView saying that some big players could benefit from a dump to 8k to recharge their wallets and pump straight up to 14k.

I mean, today's correction was expected by most members I've managed to read through here in the forum (not the prices exactly, but several dudes were feeling uneasy about the ultra bullish uptrend that followed after the 8k break), wouldn't a similar feeling hit the market if we did manage to break 10k in a rush?

[JayJuanGee]

I'd like to think that whoever is trying to reset my password knows how well-respected and admired I am 'round these parts.

Yeah, right...    

Look what the cat drug in....   the supposedly insightful and clairvoyant BJA....  a little damaged, but still alive, perhaps?  



Let me guess, you are going to tell us that bitcoin is broken, it needs to scale, and we need to sell our BTC.. because you are smarter than the rest of us, and you know something that we don't?   just like the last few times?  

[explorer]

I'd like to think that whoever is trying to reset my password knows how well-respected and admired I am 'round these parts.

Where ya been?  nothing's changed here.  maybe a bit more off the rails.

[Paashaas]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

Even though the idea seems appealing, I don't think that there are very many viable lawsuits that could be filed, unless you could get bcash classified as a security with the SEC, then perhaps some of those SEC related obligations could apply.  

Otherwise, what would be the grounds of such lawsuit against bitcoin.com.. portraying itself as coke when it is really pepsi?  I might get more excited once I see some legal document that is filed, and see what is being alleged.  or otherwise, if someone knows about a decently solid set of allegations that might have some teeth for either damages or injunctive relief, I would be interested to hear those... otherwise such lawsuit, if it were filed, would likely go no where, right?

The lawsuit can only be successful if it's proven that someone lost money due to his deception.

How many people have actually been fooled? Out of those, how many of them lost money? If there were any people dumb enough to have been fooled into bcash, and lost money on it, they're probably not even going to hear about this lawsuit.

Even if the lawyers manage to sign up people who were stupid enough to buy bcash, and realize losses, it's not over yet. Roger's [highly paid] attorneys would stand a very good chance of being able to convince some ignorant judge that Bitcoin Judas is entitled to use the Bitcoin name for his fork.

TLDR: The lawsuit is going nowhere.

Part of my earlier point was that people being fooled is not enough for a valid cause of action..... even for basic common law fraud type allegations - there is a principle of buyer beware in common law... (aka caveat emptor).  Further bitcoin is not trademarked nor copyrighted nor patented, so using the name and saying that you are the real bitcoin is likely not enough, either... There would have to be a showing of intentional and malicious knowing deception - and that might not even be enough without using securities law - and Bcash would have to be deemed a security (which does not create a private cause of action, anyhow, as far as I know (meaning that the SEC is the only agency empowered to bring such a claim)).

Roger lives in Japan, they need to follow Japanese laws with a good lawyer, the more you pay the better they get. Making a statement and getting more media exposure to people about Bcash scam.

[HairyMaclairy]

JJG:  many countries have consumer protection legislation.   It doesn’t need to be securities fraud for someone to go to jail.  Ordinary, everyday fraud works too.  

And it doesn’t matter if Roger is in Japan if his marketing efforts are directed at locals.

[Elwar]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

Even though the idea seems appealing, I don't think that there are very many viable lawsuits that could be filed, unless you could get bcash classified as a security with the SEC, then perhaps some of those SEC related obligations could apply.  

Otherwise, what would be the grounds of such lawsuit against bitcoin.com.. portraying itself as coke when it is really pepsi?  I might get more excited once I see some legal document that is filed, and see what is being alleged.  or otherwise, if someone knows about a decently solid set of allegations that might have some teeth for either damages or injunctive relief, I would be interested to hear those... otherwise such lawsuit, if it were filed, would likely go no where, right?

The lawsuit can only be successful if it's proven that someone lost money due to his deception.

How many people have actually been fooled? Out of those, how many of them lost money? If there were any people dumb enough to have been fooled into bcash, and lost money on it, they're probably not even going to hear about this lawsuit.

Even if the lawyers manage to sign up people who were stupid enough to buy bcash, and realize losses, it's not over yet. Roger's [highly paid] attorneys would stand a very good chance of being able to convince some ignorant judge that Bitcoin Judas is entitled to use the Bitcoin name for his fork.

TLDR: The lawsuit is going nowhere.

Part of my earlier point was that people being fooled is not enough for a valid cause of action..... even for basic common law fraud type allegations - there is a principle of buyer beware in common law... (aka caveat emptor).  Further bitcoin is not trademarked nor copyrighted nor patented, so using the name and saying that you are the real bitcoin is likely not enough, either... There would have to be a showing of intentional and malicious knowing deception - and that might not even be enough without using securities law - and Bcash would have to be deemed a security (which does not create a private cause of action, anyhow, as far as I know (meaning that the SEC is the only agency empowered to bring such a claim)).

Roger lives in Japan, they need to follow Japanese laws with a good lawyer, the more you pay the better they get. Making a statement and getting more media exposure to people about Bcash scam.

If n00bs going to bitcoin.com are buying an alt coin that is being presented as bitcoin and then they try to go spend their "bitcoins" they will find that they actually have some other coin that doesn't do what bitcoins actually do. This is where they are being scammed.

[JayJuanGee]

JJG:  many countries have consumer protection legislation.   It doesn’t need to be securities fraud for someone to go to jail.  Ordinary, everyday fraud works too.  

And it doesn’t matter if Roger is in Japan if his marketing efforts are directed at locals.

O.k.  I don't want to be a naysayer on the fraud claims of bcash topic , so in that regard, I will look forward to seeing what causes of actions are filed / claimed and if any of them appear to have any potential remedy teeth (or if some other actions are taken, besides lawsuits that might allow for meaningful recourse(s)).

[Toxic2040]

About that second chart, don't you think that there could be one or two bigger rebounds before hitting the 10,5-11? I've seen a lot of people in TradeView saying that some big players could benefit from a dump to 8k to recharge their wallets and pump straight up to 14k.

I mean, today's correction was expected by most members I've managed to read through here in the forum (not the prices exactly, but several dudes were feeling uneasy about the ultra bullish uptrend that followed after the 8k break), wouldn't a similar feeling hit the market if we did manage to break 10k in a rush?

Just changing the perspective tells a subtly different story no? I thought we would be closer to $10k by now and to have already tested resistance there. Since that is not the case what I have indicated on this chart might take longer to play out. Please keep in mind I did this regression over a week ago, so while it seems to be aging fairly well, things are dynamic. I think there is a extremely small chance that we would not stop in a few well defined resistance zones once $10k is breached and turns towards support. #dyor

[Fatman3001]

the rocket


is lunched

yah, for real

[LFC_Bitcoin]

Isn’t it about time that BCH died by now?
How much longer wilo they continue to flog this dead horse?

I’m greatful for the free money (which I transferred into bitcoin) but come on, enough is enough.