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

[bitserve]

Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?

Whales like Tim Draper can only sell OTC... If they would need to do it... which they don't because they are, well, whales.

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[marcus_of_augustus]

c'mon bitcoin, you can do it, get up!

[Rosewater Foundation]

Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?

Whales like Tim Draper can only sell OTC... If they would need to do it... which they don't because they are, well, whales.

OTC sales still hit the streets eventually. 8000 coins did this. Eight. Thousand. Coins. That's it. That's all it takes.

[marcus_of_augustus]

OTC sales still hit the streets eventually. 8000 coins did this. Eight. Thousand. Coins. That's it. That's all it takes.

that's chump change .. if you think 8000 coins did this i've got some nice alts to sell ya, how about it?

the kobyashi myth makes for a great cover story though, it's cute. like korean exchange 'freezes', chinese gubmint 'bans' and buffet 'rat poison', 'baby brains trading' ... the FUD is getting coordinated

[Rosewater Foundation]

the FUD is getting coordinated

When Bill Gates tells the planet to go short, something is fucky. I'll give you that. Whales know. Especially in this market. Whales always know.

[TERA2]

Its a conspiracy!

[Bitcoinaire]

Once we get a final decision on the Gox coins is when bitcoin will really rally. It's a cloud hanging over the market. It would be nice if they can quickly speed up the process, but I think September is the next hearing.

[Rosewater Foundation]

Its a conspiracy!

I took over a girl's online persona so I could troll.

No...wait. That was you.

[buyandhold]

There is a silver lining.

[STT]

I love how the bullish goon squad just vanishes at times like this. Really makes you think.

Speculators naturally evaporate under heat, its natural they look for easy trends and continuation not the turning points so much which is more of a process of confirmation of various support I think

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Wooow. Im so impressed. You Sir are a real market maker!  

Its the little bitty 'investors' that matter way more then the whales.   If it was not that way then it'd be all about Bill Gates being negative or whoever, we'd never have got this high in the first place.  They are confounded by Bitcoin because its nothing to do with the usual elite money flow which is, FED > QE > Banks > Blue Chip business > Long term owners of low tax assets.
Gates can issue his debt for 1% over five years, BTC function at present anyway represents no purpose in comparison to that

Real capitalism is coming from the billions not the rarefied Washington lobbyists.   BTC might not be quite that large but its probably much more diverse then has become normal with USD debt economy hence we've had the bell rung for BTC maybe a hundred times now.   I'd like to think it best serves the little guy and prospers by that association, leads to some confusion for those who've had their head in the political trough and see the world through that prism.


I had BTC in downward channel and breaking out.  Just a short term observation but its reentered that channel and come near to hitting the bottom trend line to that formation.   I'm not sure its valid when it varies this much and reverses but my guess this is poor timing for sell on that basis.    A better look would have been confirmation and a further rise above here.  Longer term trends are more reliable to call

[jojo69]

Weird times. It's like nobody gives a crap about crypto. Yet prices are still very high considering (bitcoin + alts). There is like one boring pump on augur to pretend the market is still alive lol.

There will always be a steady supply of noobs to keep it from bottoming completely. Whales know this, so they walk us down slow to scoop up as much krill as they can mouth. We'll hit $6k before we hit $10k. I bet

 Okay you're on!  If it hits $6k, Boblawblaw buys everyone in the thread a beer.  Deal?

Deal!

[xhomerx10]

[_javier_]

kudos for the chart!

[Icygreen]

McAfee is reversing his stance on bitcoin all the sudden.
https://www.youtube.com/watch?v=WBgFGwJA1D0

Why does he have a gun to his head in the video preview.
Is he shitting himself this much he will lose his bet for bitcoin to reach $$ by end of the year now?

-He still thinks bitcoin will reach $1 million by end of 2020.
-He no more remembers his prediction of $78000 for bitcoin by end of this year.
-He is still very much optimistic about crypto-currencies and constantly repeated that it can't be stopped.
-Overall, McAfee hasn't reversed his stance on bitcoin.
-He likes guns (and making styles with it).

The video is an hour of watching John scratch himself. Whatever he's taking isn't bringing better health. Seems to me he stopped caring a long time ago.  He's still got uber bullish predictions but he's not to be trusted.

[buyandhold]

Whales know. Especially in this market. Whales always know.

Yes I used to be afraid of the Buffets in this world, but then I learned to help myself.

[realr0ach]

I love the look on wifes face when she comes home from work and sees me in my pjs playing Fortnite. Best part of crypto retirement.

There's strong evidence from research in the manosphere that even if you amply support a woman financially, the woman's brain sees ANY spare time or money the man spends on himself as some kind of transgression, and that all of your free time is supposed to be spent either working on her behalf, or constantly entertaining her or taking her somewhere.  This probably has some relation to the idea of the woman's brain believing the man is supposed to spend all this time and effort supporting her offspring as well, and her brain will behave that way even if she has no offspring or if the offspring are already gone.

TLDR:  Divorce imminent - a woman's brain is just a primitive algorithm of ---> seek out work mule donkey with the most optimal gene set to devote his entire life worshipping me instead of following his own interests.

[marcus_of_augustus]

one thing we do know about bitcoin is that it can take a punch and get back up.

there is probably no other new technology in history that has been bad-mouthed, ridiculed, shat-on-from-high-places like bitcoin.

We've had central bankers, top-ranking bureaucrats, bankers, economists, futurists, market-pundits, comp. science gurus all going out of their way to shit on a new technology for over 8 years, it's unprecedented. Are they afraid it might actually work and be a great technology? What does that say about them?

Take all the nastiest, hateful comments you've ever read about bitcoin and replace the word "bitcoin" with "computer", "software", "internet", "television" "radio", "electricity" or "the wheel" and .... well, there you have it. The social, emotional reactions to bitcoin are not rational; people generally cannot discuss or think about money rationally, they are trying to fight/denigrate a new technology politically or on philosophical grounds. Viewed from afar the overblown, irrational negative reactions look pathetic, distracted and disconnected from the reality of the situation. That's the best evidence yet that bitcoin is onto something, it threatens their livelihood, therefore it's worth a punt, the biggest punt in your life (imho).

[bitserve]

Notice Tim Draper begging CNBC for buyers hours before the dumps started? Thoughts?

Whales like Tim Draper can only sell OTC... If they would need to do it... which they don't because they are, well, whales.

OTC sales still hit the streets eventually. 8000 coins did this. Eight. Thousand. Coins. That's it. That's all it takes.

Yes, OTC sales indirectly influence the exchange price, of course. But I guess when one of those whales sell some significant part of their stash they do to someone they know it is in it for the long term. I don't think they just go to an OTC desk and blindly accept the first offer they get. I am just speculating though... but that is also how it works with high stakes in stock markets.

Also I don't think they usually sell during a more than 50% correction. They have all the time and money to wait for a better moment.

Kobayashi is a different story.... but he is not suppossed to sell any more BTC until after the civil rehabilitation issue gets decided on the court (september?).

[realr0ach]

one thing we do know about bitcoin is that it can take a punch and get back up.

there is probably no other new technology in history that has been bad-mouthed, ridiculed, shat-on-from-high-places like bitcoin.

We've had central bankers, top-ranking bureaucrats, bankers, economists, futurists, market-pundits, comp. science gurus all going out of their way to shit on a new technology for over 8 years, it's unprecedented. Are they afraid it might actually work and be a great technology? What does that say about them?

Take all the nastiest, hateful comments you've ever read about bitcoin and replace the word "bitcoin" with "computer", "software", "internet", "television" "radio", "electricity" or "the wheel" and .... well, there you have it. The social, emotional reactions to bitcoin are not rational; people generally cannot discuss or think about money rationally, they are trying to fight/denigrate a new technology politically or on philosophical grounds. Viewed from afar the overblown, irrational negative reactions look pathetic, distracted and disconnected from the reality of the situation. That's the best evidence yet that bitcoin is onto something, it threatens their livelihood, therefore it's worth a punt, the biggest punt in your life (imho).

You sound like Trump or Bush Jr trying to give a purposefully dumbed down speech to appeal to the lowest common denominator and manipulate them into believing something that isn't true.

Fact:  It's 100% impossible to create a decentralized cryptocurrency because transaction validators are always designed to centralize through compound interest, economy of scale, foundry capital requirements, the fact adversarial mining is more effective against opponents with less hashpower, and numerous other variables.

Fact:  Since transaction validators are ALWAYS designed to centralize, bitcoin has zero fundamentals, and thus zero value because it's just a non-fungible, completely centralized, permissioned ledger prison system in the endgame, kind of like the digital banking system that already exists.

There is no reason to support this garbage whatsoever over physical silver or gold, which is a far superior settlement system and dual use currency at the same time.

[LastJedi]

McAfee is reversing his stance on bitcoin all the sudden.
https://www.youtube.com/watch?v=WBgFGwJA1D0

Why does he have a gun to his head in the video preview.
Is he shitting himself this much he will lose his bet for bitcoin to reach $$ by end of the year now?

I don't know why too many bitcoin investor believe this man when this man is full of shit in his words. Ops I'm one off his Twitter follower. LOL

Anyway offtopic, Is that YouTube channel belongs to you? How much is your monthly earrings in AdSense?

I wish.
So I could be making something instead of losing it to trades on this downward swing of things.
When is this massacre on the crypto markets going to end. Seems to have been having all day long.

You follow that guy on twitter?
It is like watching a train wreak while the caboose is going off the rails near the end.

McAfee is reversing his stance on bitcoin all the sudden.
https://www.youtube.com/watch?v=WBgFGwJA1D0

Why does he have a gun to his head in the video preview.
Is he shitting himself this much he will lose his bet for bitcoin to reach $$ by end of the year now?

-He still thinks bitcoin will reach $1 million by end of 2020.
-He no more remembers his prediction of $78000 for bitcoin by end of this year.
-He is still very much optimistic about crypto-currencies and constantly repeated that it can't be stopped.
-Overall, McAfee hasn't reversed his stance on bitcoin.
-He likes guns (and making styles with it).

The video is an hour of watching John scratch himself. Whatever he's taking isn't bringing better health. Seems to me he stopped caring a long time ago.  He's still got uber bullish predictions but he's not to be trusted.

Well he is obviously not to be trusted.
He is snorting cocaine off of thai hookers for crying outloud.
And he is someone to take crypto advice from?
He did fud for an alt coin a while ago and didn't it tank?
Nuff said!