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

[JayJuanGee]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

Usually the intent of a seller is to actually sell their coins, not to manipulate the market and "hold it down".

Here's another example of the fantasy world that you seem to live.

You know that spoofing and market manipulation is illegal, right? You're claiming that the majority of the sell book is just criminals and they are all putting themselves and tens of millions of dollars on the line so they can somehow subtly manipulate the market, while also risking that a large buyer just comes and eats the entire thing (which should happen if things are as bullish as you believe). That sounds like a tin foil hat conspiracy theory. The burden is on you to prove such absurdity.

You are just making shit up, and then saying that the burden is on me?  You are a looney tera bera, right?  Get a grip.

First of all, I was responding to your claim that BTC are not manipulated to hold down the price, which is just nonsense.  Peeps who are anti-bitcoin or are attempting to profit from keeping bitcoin prices low, definitely engage in manipulation to attempt to keep the price down as long as they can... and sometimes, they just lose control and can no longer keep the price down.. $500 was a decent example of such, and it happens a lot of other times too.  In early 2016 (around May 2016), when bearwhales lost control over sub-$500 bitcoins, they were not able to drive BTC prices back down to below $500.. there was too much momentum against them.

Regarding, market manipulation being illegal, you better quote a law about this that specifically applies to bitcoin.  Yes, market manipulation is illegal when it comes to traditionally traded assets that fall under the SEC, but bitcoin and various other crypto currencies have not yet fallen under such statutes, so there is a bit of wild, wild west when it comes to the legality of manipulation (which in other words means that manipulation is NOT illegal), so your nonsensical rambling about the illegal and criminal aspects is way out the fuck in la la fantasylandia....

Regarding your claim that I have some kind of burden to prove my points, get the fuck out of here, chiquita.... I don't have any burden to prove my points, because you are the one who is making outlandish claims about 1) initially the non-existence of bitcoin price manipulation and 2) subsequently, the supposed illegality and criminality of such non-existent manipulation...

You seem to be just engaging in distractive non-topics, which is what trolls do that don't really want to discuss reality but instead spout off nonsense and act as if they are actually saying something of important...

This is what you deserve tera bera.

[1713521600]

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[1713521600]

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[jojo69]

Governments are the people

are they Jay?


are they?

[arklan]

Governments are the people

are they Jay?


are they?

how about SHOULD be?

[vroom]

sometimes I think I'm in a JJG wall observer thread 

[JayJuanGee]

Usually the intent of a seller is to actually sell their coins, not to manipulate the market and "hold it down".

Here's another example of the fantasy world that you seem to live.

Surely, you can't be serious. Or are you just tweaking Torque now with your feigned conspiracy theory?

O.k.  jbrehera, bera, I do not need to devolve to the level of Torque's conspiracy theories to acknowledge manipulation in the market.

When Torque talks about conspiracy, he tends to go onto such nonsensical elaborations that seems to suggest that a whole year's worth of BTC price movement has been preplanned by a bunch of whales.  Anyhow, his extremism does not mean that some of the manipulation is not taking place or that there are not whales attempting to keep the price down as long as they are able to... of course, they lose control of such manipulations, but sometimes they are able to push the momentum of the market (and they may even chose to lose money in the short term because of benefits that they may get in other markets or otherwise). 

Incremental traders (like us) tend to not really give too many ratt's asses about some of this manipulation because it results in volatility, and in essence if our underlying assumptions (such as BTC's price going up in the long term) play out, then we still can profit considerably from the volatility and our ability to accumulate more BTC from incremental trading and using proceeds that we had gained on the way up to buy back on the way down.

TLDR: It is nearly as crazy to assert that the whole market is manipulated, as to assert that no manipulation exists at all.  I am not taking either of those extremes, and I am largely just calling bullshit on your cousin, tera bera's assertion, that no holding the price down manipulation exists.. which is the opposite extreme that Torque sometimes devolves into when he is seemingly emotionally asserting that BTC's manipulation had been preplanned from $250 to $19,700 and back down to $5,970, which is also a bunch of bullshit because even when manipulation is taking place, manipulators frequently lose control over the situation which has implications (and/or momentum) beyond anything that they had been expecting.

Maybe you deserve one of these, too, jbrehera bera?:

[JayJuanGee]

Governments are the people

are they Jay?

yes

are they?

ditto

Governments are the people

are they Jay?


are they?

how about SHOULD be?

How about I was going to respond in a smart-ass way, arkian, but I reflected for a few seconds and came to my senses, and largely, I agree with your proposed word change... even though we are considerably straying into OT territory.

sometimes I think I'm in a JJG wall observer thread  

Get a grip, peeps.

Sometimes, when I see multiple posts from me (yours truely) without any other posts in between, I begin to conclude that the rest of you peeps are slacking in your contributions to the thread.

You peeps need to pull your weight and post a bit of content, in order that I don't have so many posts that are showing up in a row....

Get a grip, vroom!!!!!! 

For your observation, you deserve one of these:




 

[arklan]

i rarely have anything useful to contribute.

also, just so ya know, that's not an i, it's an L.

[JayJuanGee]

i rarely have anything useful to contribute.

also, just so ya know, that's not an i, it's an L.

Whoops!!!!!


My bad.

[arklan]

i rarely have anything useful to contribute.

also, just so ya know, that's not an i, it's an L.

Whoops!!!!!


My bad.

no worries.

[Rosewater Foundation]

Governments are not the people. Nation states are horrible. Stalin could never have existed in a municipality.

Jay, stop trolling.

I think everybody is on drugs tonight. Is it?

[arklan]

Governments are not the people. Nation states are horrible. Stalin could never have existed in a municipality.

Jay, stop trolling.

I think everybody is on drugs tonight. Is it?

never touch the stuff.

[JayJuanGee]

Governments are not the people.

I think that I already sufficiently explained how I arrived at my tentative conclusions in this tangential topic.

Nation states are horrible.

There are horrible, people, too.  Much of what you are saying is relative, and subject to opinion variance.

Stalin could never have existed in a municipality.

What the fuck you talking about willis?  You give one example of one leader in history.. what does that have to do with the price of tea in china or anything else for that matter?

Jay, stop trolling.

Get the fuck out of here, with your blasphemy.  You deserve one of these, too.       .. a baby one.

I think everybody is on drugs tonight. Is it?

speak for yourself.  

[Rosewater Foundation]

I don't want to make a big thing about it. It's late and I'm probably on drugs. But the idea is bottom-up, not top-down. Central planning is dangerous and not antifragile. I mean, isn't that why we're here in the first place? 

[supertee]

Governments are not the people. Nation states are horrible. Stalin could never have existed in a municipality.

Jay, stop trolling.

I think everybody is on drugs tonight. Is it?

never touch the stuff.

Don't touch it, sniff it.

[JayJuanGee]

I don't want to make a big thing about it. It's late and I'm probably on drugs. But the idea is bottom-up, not top-down. Central planning is dangerous and not antifragile. I mean, isn't that why we're here in the first place? 

I only mentioned that the government is composed of the people based on a seemingly impractical comment from Elwar regarding taking away guns from government and not from the people, so there seems to be some disconnection regarding what governments are, exactly.

I am not going to try to pinpoint what governments are exactly, because there is a lot of local variance, but the essence of government is supposed to be representative of the people.. so if you try to say take the guns away from government and not from people, the comment almost makes no sense, except for in some kind of irrational anti-government propaganda that tends to distort what the what the government is, which, like I said, is supposed to be representing people in a community, sense.

Regarding, why many of us are into bitcoin, that is likely going to vary too... I understand that bitcoin has a lot of libertarian origins, but that mere fact does not mean that everyone subscribes to the seemingly vacuous anti-government views of that many libertarians seem to spout out in criticizing the current system.  Sure, there are problems with the current system, but merely getting rid of government does not seem like it is going to solve as many problems as it causes.

Anyhow there can be a lot of reason why many of us believe that cryptos push in the right direction in terms of bottom-up as you say, and so we may agree on some of that, and government does not automatically mean that something is centrally planned because governments can still solve some problems that the free market might not be so good at solving.  Furthermore, we might not even need to bring politics in the discussion at all in order to see benefits in bitcoin, whether personal prosperity and/or keeping checks on some of the inflationary money printing bullshit that goes on that ends up privileging the wealthy, so bitcoin can provide some opportunities for regular people to have a price appreciating asset that is much more difficult to manipulate as compared with fiat currencies... fiat currencies and governments are not going to be going away any time soon, even though they are likely going to need to adapt to some of the crazy ass seemingly more decentralized power that comes from bitcoin... and we have never had a technology that has fit into such a niche that is so likely to cause a lot of societal changes that are difficult to know in these early days, yet in these early days, some of us that might have fewer than 10 bitcoin, might well become very prosperous through the price appreciation of bitcoin in the coming 10 years, if we are so lucky to live that long and to be able to hang onto our bitcoins.

[Rosewater Foundation]

I read all of that. Didn't even hurt much. Fair play.
Goodnight Bitcoinland, wherever you are.

[bitebits]

Well, not seeing us testing $10k by mid-week at this rate.

It's OK, we're still going to reach $12280 *on 11th June.

sorry to break it to you but I think you'll find it will be the 12th june

ain't got no problem with those dates  

13th of june is definitely more probable

2019

[Elwar]

Governments are the people

are they Jay?

yes

Hitler's government was the people.

That's why I hate all Germans. Why did the German people send so many people away to extermination camps? Why German people? Why?!?

Same for Americans. Why are the American people always deciding we need war in the Middle East? Why American people?

Why do the American people keep pushing the Federal Reserve Note down our throats?

[supertee]

Hitler's government was the people.

That's why I hate all Germans. Why did the German people send so many people away to extermination camps? Why German people? Why?!?

Same for Americans. Why are the American people always deciding we need war in the Middle East? Why American people?

Why do the American people keep pushing the Federal Reserve Note down our throats?

What country are you from?

[shahzadafzal]

Hitler's government was the people.

That's why I hate all Germans. Why did the German people send so many people away to extermination camps? Why German people? Why?!?

Same for Americans. Why are the American people always deciding we need war in the Middle East? Why American people?

Why do the American people keep pushing the Federal Reserve Note down our throats?

What country are you from?

For sure Poland...