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

[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!

[realr0ach]

The video is an hour of watching John scratch himself.

Contrary to popular opinion, I do not wish death upon the black race or anything, but it doesn't take a genius to figure out a white man married to a black woman is going to be off his rocker.  I mean, I can see some rich, old, lonely, white dude venturing into a hispanic barrio or 3rd world asian country for some broad half his age, but this guy is taking expeditions straight into the Congo.

[4rt3m]

I tried to research how much money was actually invested in crypto and few sources said that it's about 10% of indicated market cap. Yesterday Mt.Gox's Kobayashi presumably sold BTC equivalent of ~$7,000,000 and market cap was decreased for ~$70,000,000, is there any relation or it's just a coincidence?

[jojo69]

the two alts on GDAX seem to be turning up

I think the bottom might be close

[realr0ach]

I tried to research how much money was actually invested in crypto and few sources said that it's about 10% of indicated market cap. Yesterday Mt.Gox's Kobayashi presumably sold BTC equivalent of ~$7,000,000 and market cap was decreased for ~$70,000,000, is there any relation or it's just a coincidence?

It's a totally unrelated correlation you have there.  The more important factor at hand is that when the price was originally crashing down to $6k or whatever, the scam exchange known as BitFinex attempted to rig the market at $9k with a single entity buying TONS AND TONS of coins at that level while other exchanges were far below it.  So the scam exchange Bitfinex needed to manipulate the price back to $9k just to stay solvent probably, and maybe they needed to dump a lot here just to prevent themselves from going up in flames.  

There is no real market in bitcoin.  The price is entirely based upon BitFinex fraud ever since it was $200.  They attempted to manipulate it back to $9k because they were hugely underwater in a hole they were trying to dig themselves out of.

[Torque]

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).

[4rt3m]

It's a totally unrelated correlation you have there.  The more important factor at hand is that when the price was originally crashing down to $6k or whatever, the scam exchange known as BitFinex attempted to rig the market at $9k with a single entity buying TONS AND TONS of coins at that level while other exchanges were far below it.  So the scam exchange Bitfinex needed to manipulate the price back to $9k just to stay solvent probably, and maybe they needed to dump a lot here just to prevent themselves from going up in flames.  

There is no real market in bitcoin.  The price is entirely based upon BitFinex fraud ever since it was $200.  They attempted to manipulate it back to $9k because they were hugely underwater in a hole they were trying to dig themselves out of.

Very informative, thanks!

[Torque]

r0ach is now stooping to quoting himself with Russian sock puppet accounts b/c he knows we all have him on ignore

Lol j/k

[realr0ach]

Look at my posts during the original dump to $6k in February.  It was SO FUCKING OBVIOUS there was massive fraud going on at Bitfinex at the time:

ALL exchanges crumbling with no buy support yet SCAMFINEX IS STILL conjuring infinite money out of thin air to put up big walls.  I see nobody wants to address this issue at all, that the most shady exchange in bitcoin that exists magically has infinite amounts of money originating from a single trader.  How obvious is Bitfinex going to make this scam?

They already showed their cards and made it too obvious the exchange is a complete scam by fabricating all this enormous buy support around the $9k area when other exchanges are $300 lower.  There was absolutely no reason for anyone to waste like $50+ million defending that level when other exchanges had long busted through it.  This means they're just printing Gox dollars out of thin air to try and defend price all the way down while hoping they can con people into believing they're the legit market maker exchange that sets price.

edit: other exchanges now $400 lower while Scamfinex continues to print Gox dollars out of thin air and defending $9k

And another forum user notices the exact same Bitfinex fraud as me in February:

Did any of you guys see that ? A HUGE refresher on bitfinex stalled the market. Where all other markets sold down to below $8500 there was this 1 guy on bitfinex who kept buying and buying EVERYTHING around the $9000 level. This 100% wasn't normal market behaviour why would anyone buy thousands of bitcoins and pay $500 too much on every bitcoin, basically throwing away millions and millions of dollars ? I think this only could have been Bitfinex themselves, buying the market up with fake tether money.

I just downloaded the bitfinex T&S, he bought at least 6000 BTC's and gave away probaby $500 on half of them, so that's 1.5 million USD he just gave away. Makes no sense at all unless it's somebody with fake tether money.

But I do know it was a single user since he used the same refresher/hidden order on a few key levels. I'm just saying, if this was somebody interested in buying BTC at good prices why would he keep holding the $9000 and buy 6000 btc's there while the other markets were trading below $8500?

[bitmover]

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.

Why everyday people come with "facts" against bitcoin, that are just some copy paste opinion?
What you are saying makes zero sense and is just garbage. What are you doing in a bitcoin forum anyway if you don't like it and doesn't understand it?

[realr0ach]

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.

Why everyday people come with "facts" against bitcoin, that are just some copy paste opinion?
What you are saying makes zero sense and is just garbage.

It makes perfect sense.  You have either spent 0 amount of time studying craptocurrencies and what can and cannot be done with them, or you're not smart enough to understand it.  I remember arguging with shills way back in the day about whether 'Satoshi' solved Byzantine generals or not.  He CLEARLY did not.  They then went and modified their papers to say bullshit like "Satoshi solved a form of Byzantine generals", which is basically admitting he didn't but still claiming he did.

I looked around to see if there was anyone else who noticed he did not solve Byzantine generals and only saw one single other person who had mentioned anything about this - Andrew Miller.

[JayJuanGee]

So much about the bottom.

My long got rekt hard -_-

you can still try to re enter lower and make up your lossess,
going all-in long on margin during falling market is not that good idea

my longs are slowly accumulating, no rekts in sight yet

Exactly, if the price goes down, then buy. 

If you got rekt on a long at these prices and because of a $1k to $1.5k dip down from $9,900 or some price around there, then that means that you were leveraging your play on bitcoin and even betting in the wrong kind of way (including trying to predict the short term direction).. that is buying on the way up.. which is much more risky than buying on the way down. 

Furthermore, with bitcoin it is possible to become filthy rich by merely HODLing and accumulating bitcoin rather than trying to leverage your bets, which may mean that you are just getting too greedy and not willing to accept the normally high returns that will very likely come with longer term HODLing and accumulating of bitcoin.

[infofront]

I'm going to start a new poll soon: During slow periods, what's more entertaining - tumbleweeds rolling by, or R0ach posts?

[jojo69]

[JayJuanGee]

In the words of JJG ‘get the fuck outta here with your weak hands & gutless noob sell offs’

^^^^^^FTFY ^^^^^^^ 

[realr0ach]

If you got rekt on a long at these prices and because of a $1k to $1.5k dip down from $9,900 or some price around there, then that means that you were leveraging your play on bitcoin and even betting in the wrong kind of way