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

[Torque]

https://twitter.com/DougPolkPoker/status/993581533012283393

If Tone Vays is thinking that Bitcoin will go below $6k by 2019, he's just extrapolating from past bull rallies.

He's no wizard. No even close.

[Torque]

For 'scamming' (defrauding) , the mens rea (intent) of dishonesty is required.
Clearly you can't be dishonest if you don't believe you are being dishonest.

That's about the long and short of it.

Bernie Madoff didn't think he was being dishonest.

[marcus_of_augustus]

and they can't do that also on the sell side?? fiat settlement of commodity futures has been the bane of many commodity markets for decades ... taleb sounds more idiotic with every utterance he makes about bitcoin ... seems like he was just a one-hit-wonder with his "black swan" meme and he probably even got that idea from the excellent pub of the same name just outside London.

[Toxic2040]

https://mobile.nytimes.com/2018/05/07/technology/bitcoin-new-york-stock-exchange.html

Looks like a few people at least think bitcoin is better than baby hrains.

Some Bitcoin enthusiasts have said that its increasing integration into the existing financial system has pulled it away from its founding ideals. Paul Chou, a former trader at Goldman Sachs who set up LedgerX, a regulated Bitcoin exchange that would compete with the Intercontinental Exchange, said his company has made a point of focusing on large Bitcoin holders, rather than financial institutions.

“The reason we got into crypto was not to partner with a bank, but to replace them,” Mr. Chou said, using the shorthand for cryptocurrencies. “We deal with crypto holders directly in a way that really takes advantage of Bitcoin’s strengths, while avoiding brokers, banks and other institutions that take multiple cuts of the transaction.”

“The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history,” he said. “I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.”

"They" are salivating for all the reasons laid out already..the big short. This is how ignorant these people are..not understanding enough to realize that just hodling and going long would achieve phenomenal results.  The problem for now at least is they havent bought in enough to drive the price down enough for weak hands to panic sell. This is why I believe we are going to have a Bullish couple of years until the next halfening. It will take institutions time to acquire position's that are strong enough to manipulate with out causing(more) huge price spike's. Natural adoption globally is going to increase price in the mean time so there might be enough liquidity by then to sustain these wall street shenanigans.

*edit*
+1 WOsMerit Marcus.       Entangled post.

[RoomBot]

Another day, another representative of the Jew World Order trying to disarm the population while flooding them with rapefugees that want to murder them (The Kalergi Plan):

That might be the stupidest tweet I've ever seen from a world leader. That even includes Trump's tweets.

Bwahahahaha! While being actively shielded by the armed Swiss Guard!

World's oldest standing army.

Go, BTC

#BitcoinNotBombs

http://www.bitcoinnotbombs.com/

[marcus_of_augustus]

Another day, another representative of the Jew World Order trying to disarm the population while flooding them with rapefugees that want to murder them (The Kalergi Plan):

That might be the stupidest tweet I've ever seen from a world leader. That even includes Trump's tweets.

Bwahahahaha! While being actively shielded by the armed Swiss Guard!

World's oldest standing army.

#Swisstard

Go, BTC

... yes, what weapons will those who are going to enforce a total weapons arm themselves with?

[jojo69]

In other, somewhat disturbing, news.

I head today, for the first time, an ad for one of those shady mortgage outfits on our local ESPN AM radio affiliate mention Bitcoin.

"Are you looking to pull value out of your home to invest in the stock market, purchase a rental property, or even buy the Bitcoin dip?  Call today"

[RoomBot]

... yes, what weapons will those who are going to enforce a total weapons arm themselves with?

Pointed stick!

[jbreher]

Bcashers being bcashers

Yes they studiously avoided addressing the https://www.bitcoinabc.org/2018-05-07-incident-report/ 'trusted miners' fiasco which was linked here earlier on.

What the hell is there to address? There was a bug. It had the potential to fork the chain. It got reported. It got analyzed. It got fixed. It got distributed. Chain did not fork due to the bug.

If I'm not mistaken, that's about the sum of it. What am I missing?

[RoomBot]

Bcashers being bcashers

Yes they studiously avoided addressing the https://www.bitcoinabc.org/2018-05-07-incident-report/ 'trusted miners' fiasco which was linked here earlier on.

What the hell is there to address? There was a bug. It had the potential to fork the chain. It got reported. It got analyzed. It got fixed. It got distributed. Chain did not fork due to the bug.

If I'm not mistaken, that's about the sum of it. What am I missing?

Nothing!

It's not a conspiracy.  We talk about BTC here.

Except for sh!ts and giggles.  Like #BeeCash, above.  

That wasn't a typo.   

[realr0ach]

Sorry this is for Torque

You can't even post a bottom price call here, for fear of looking bad.

So why would anyone want to bet with you?

Just call a bottom price FCS.

TURA already did call a bottom price.  When we were having this discussion months ago when the price was still high, I said the price would probably level out at something like $4200-4400 after it worked out all of it's rises and falls. TURA said something like "$3k and that's being generous", while also claiming it might dump all the way to $1k.  Those predictions are obviously still on the table because shitcoin is still doing it's series of dead cat bounces after the $20k pump and dump.

[infofront]

Sorry this is for Torque

You can't even post a bottom price call here, for fear of looking bad.

So why would anyone want to bet with you?

Just call a bottom price FCS.

TURA already did call a bottom price.  When we were having this discussion months ago when the price was still high, I said the price would probably level out at something like $4200-4400 after it worked out all of it's rises and falls. TURA said something like "$3k and that's being generous", while also claiming it might dump all the way to $1k.  Those predictions are obviously still on the table because shitcoin is still doing it's series of dead cat bounces after the $20k pump and dump.

You and TERA would make a cute couple. Can we arrange a date for you two?

[marcus_of_augustus]

If the Bcash centralised mining corporation wont come to my rescue, who will come to my rescue?

Who's gonna save me?

Bcash - bringing back bailouts because ... well just because, so get the fuck outta here if you can't afford to run a full node.

So far, 2 centralised mining emergency forks and counting ... it's really the reaallllly real original bitcoin, read the write paper.

[KyleSpades]

Dudes, I know that this post is *mainly* for BTC but I believe these news could affect BTC as well. That WSJ rumored ETH SEC metting seems to be the biggest FUD of the month.

This reddit thread sums it all up: https://www.reddit.com/r/ethereum/comments/8hobwh/is_this_sec_is_eth_a_security_meeting_actually/

No one knows if it will actually happen, not even the fucking reporter (Paul Vigna) who wrote it for WSJ.

There could be ETH buy-ins in the next hours if this actually confirms (specially considering a lot of people bought it today for 75x bucks) and the other coins could follow.

ETH aside, I do believe we're not dropping the 9.2k hard support level and that this is the 4th bull run to 10k nevertheless  

[savetherainforest]

https://twitter.com/DougPolkPoker/status/993581533012283393

If Tone Vays is thinking that Bitcoin will go below $6k by 2019, he's just extrapolating from past bull rallies.

He's no wizard. No even close.

I hope he loses... ... Just for the lulz...

[cAPSLOCK]

https://mobile.nytimes.com/2018/05/07/technology/bitcoin-new-york-stock-exchange.html

Looks like a few people at least think bitcoin is better than baby hrains.

Some Bitcoin enthusiasts have said that its increasing integration into the existing financial system has pulled it away from its founding ideals. Paul Chou, a former trader at Goldman Sachs who set up LedgerX, a regulated Bitcoin exchange that would compete with the Intercontinental Exchange, said his company has made a point of focusing on large Bitcoin holders, rather than financial institutions.

“The reason we got into crypto was not to partner with a bank, but to replace them,” Mr. Chou said, using the shorthand for cryptocurrencies. “We deal with crypto holders directly in a way that really takes advantage of Bitcoin’s strengths, while avoiding brokers, banks and other institutions that take multiple cuts of the transaction.”

“The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history,” he said. “I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.”

"They" are salivating for all the reasons laid out already..the big short. This is how ignorant these people are..not understanding enough to realize that just hodling and going long would achieve phenomenal results.  The problem for now at least is they havent bought in enough to drive the price down enough for weak hands to panic sell. This is why I believe we are going to have a Bullish couple of years until the next halfening. It will take institutions time to acquire position's that are strong enough to manipulate with out causing(more) huge price spike's. Natural adoption globally is going to increase price in the mean time so there might be enough liquidity by then to sustain these wall street shenanigans.

*edit*
+1 WOsMerit Marcus.       Entangled post.

There has never been an asset with the properties of Bitcoin.  No one playing in this sandbox has ever seen any thing like this before.  I do not underestimate the potential adversarial nature of the 'pros' getting into crypto.  But it would be as big a mistake for them to underestimate the extreme anti-fragile qualities BTC has shown for nearly a decade.

Win lose or draw... the popcorn is cheap.

[HairyMaclairy]

Bcashers being bcashers

Yes they studiously avoided addressing the https://www.bitcoinabc.org/2018-05-07-incident-report/ 'trusted miners' fiasco which was linked here earlier on.

What the hell is there to address? There was a bug. It had the potential to fork the chain. It got reported. It got analyzed. It got fixed. It got distributed. Chain did not fork due to the bug.

If I'm not mistaken, that's about the sum of it. What am I missing?

Ignore the haters.  The Bitcoin Cash leadership team is doing a great job. They are agile and responsive.  We are in safe hands.  

[cAPSLOCK]

Bcashers being bcashers

Yes they studiously avoided addressing the https://www.bitcoinabc.org/2018-05-07-incident-report/ 'trusted miners' fiasco which was linked here earlier on.

What the hell is there to address? There was a bug. It had the potential to fork the chain. It got reported. It got analyzed. It got fixed. It got distributed. Chain did not fork due to the bug.

If I'm not mistaken, that's about the sum of it. What am I missing?

Ignore the haters.  The Bitcoin Cash leadership team is doing a great job. They are agile and responsive.  We are in safe hands.  

[RoomBot]

If the Bcash centralised mining corporation wont come to my rescue, who will come to my rescue?

Who's gonna save me?

Bcash - bringing back bailouts because ... well just because, so get the fuck outta here if you can't afford to run a full node.

So far, 2 centralised mining emergency forks and counting ... it's really the reaallllly real original bitcoin, read the write paper.

Failed prototype, or just an Edsel claiming to be a Cadillac?

[Toxic2040]

Testing resistance at a .618 fib. Looking to get over this and find some nearby support maybe. Sideways with a side of moderate volatility looks like.

#dyor