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News: Help collect the most notable posts made over the last 10 years.
 
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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (9.7%)
Early 2020 - 32 (22.2%)
Late 2020 - 44 (30.6%)
Early 2021 - 11 (7.6%)
Late 2021 - 21 (14.6%)
2022 - 3 (2.1%)
2023 - 0 (0%)
2024 - 4 (2.8%)
After 2024 - 3 (2.1%)
Never - 12 (8.3%)
Total Voters: 144

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21428071 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (128 posts by 22 users deleted.)
Torque
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May 12, 2018, 01:14:21 AM

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
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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May 12, 2018, 01:31:15 AM

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?
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May 12, 2018, 01:42:51 AM


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?
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May 12, 2018, 01:54:27 AM
Last edit: May 12, 2018, 02:10:02 AM by 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.
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May 12, 2018, 02:12:10 AM

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 Grin


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.
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May 12, 2018, 02:24:59 AM

I'm going to start a new poll soon: During slow periods, what's more entertaining - tumbleweeds rolling by, or R0ach posts?
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May 12, 2018, 02:28:44 AM
Merited by DaRude (1), RoomBot (1), Dunkelheit667 (1), RejectedBanana (1)

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May 12, 2018, 02:35:40 AM

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

^^^^^^FTFY ^^^^^^^ Wink
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May 12, 2018, 02:44:08 AM

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

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May 12, 2018, 02:52:45 AM

Help me with your thoughts on bitcoin futures.

In February I started to think if they are bad for bitcoin (because bitcoin remain bearish since introduction of futures).
Now i think they are bad, but probably not on extremely long turn. On extremely long term they are probably good (in years 2019, 2020)

But on short term (this year) i think bitcoin futures are bad. Why bad?
Because all the sudden people with a lot more money then those in crpyto can draw and earn money with hedging and drawing money from "little people with less experience". They wont take money from true hodlers who just hold, but bitcoin need new people in order to go up and up and crazy up, and experienced hedging companies could for quite some time draw price down and they have more knowledge whats and how much is needed to cause spikes down with help of futures.

Can someone help me dig out how much money is now in futures?
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html
For may its i think 3000 contacts? now i wonder how much money is in that

If 1 contract 100 bitcoins? 900k USD? and there was  i think today 3000 buy/sell (or with other words 3000 combined going long + going short)
So 3000 times 900k usd = 2,7 billion USD in one day

Am i gettting this right ? i think not

I didnt get any repond so kindly if someone can answer me this please Smiley I would also add I am assuming (perhaps I am wrong?) bitcoin futures are direclty tied to bitcoin. So I am under assumtion if someone opens large volume of shorts for bitcoin futures, they go down, or if someone opens large volume of longs they go up ?


I believe that the main point is that futures brings credibility to the bitcoin market and allows additional tools for BiG and Traditional money to get in through investment vehicles that are comfortable to them.   I doubt that there is any necessity to go through all of the numbers in order to understand the overall bullish effect of having traditional financial vehicles in bitcoin - even if those vehicles allow for the shorting of bitcoin.  Ultimately, bitcoin has it's own supply limitations, so any pressures to buy bitcoin is going to cause upwards price pressures until bitcoins reach a certain level of saturation, and even if peeps are willing to pay premiums on being able to use some of the traditional investment vehicles, the direct ownership of bitcoin is likely going to be more valuable and empowering - especially for regular Joes who are willing to learn about bitcoin and learn how to safeguard their own personal direct holdings of bitcoin.

So, from my perspective, you can come up with all kinds of formulations and theories about how you might believe that the ability to short bitcoin is going to cause downward price pressures on bitcoin, but I am not going to buy those theories because with bitcoin, you have to buy it first before you can really cause the price to go down by selling it, and it seems that bitcoin markets are going to recognize some of the concrete value in holding actual and verifiable bitcoins.
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May 12, 2018, 03:00:41 AM

Lol this r0ach guy must be trolling. Wtf is that
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May 12, 2018, 03:01:08 AM

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?).

Supply and demand, 'nuff said. Can't increase supply without moving the price and I don't care if you sell it OTC or to your neighbor's dog. Kobayashi was not supposed to have sold any more, but moving those BTC8k might indicate that he's not done selling yet. That spooked the market and now the possibility of all of the remaining BTC137k being sold is being priced in. Now have a beer and come back in 2021
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May 12, 2018, 03:10:58 AM

beer it is
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May 12, 2018, 03:19:44 AM

Now have a beer and come back in 2021

Or maybe not come back:

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May 12, 2018, 03:33:48 AM

Lol this r0ach guy must be trolling. Wtf is that

Welcome to the Wall Observer thread, I see you've met the resident troll.


Please do not quote him as everyone has him on ignore. Because we're all jews.
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May 12, 2018, 04:24:22 AM
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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?

If $7 000 000 worth of bitcoin was sold, that means another $7 000 000 was invested in bitcoin.  Huh
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May 12, 2018, 04:39:19 AM

Lol this r0ach guy must be trolling. Wtf is that

Welcome to the Wall Observer thread, I see you've met the resident troll.


Please do not quote him as everyone has him on ignore. Because we're all jews.

shhhhhhhh

that is a SECRET man !
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May 12, 2018, 04:40:51 AM

How old is that poll? I just noticed it now and im guessing its.. not new, as the biggest bet is on 12k+ in 4 days lol
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May 12, 2018, 04:50:09 AM

How old is that poll? I just noticed it now and im guessing its.. not new, as the biggest bet is on 12k+ in 4 days lol

May 1
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May 12, 2018, 04:51:22 AM

How old is that poll? I just noticed it now and im guessing its.. not new, as the biggest bet is on 12k+ in 4 days lol

The poll is about 9 or 10 days old.  It was made around May 1 or May 2 -ish.

Edit:  (whoops... the source is the horse, and Infofront beat me to answering the question - over a minute faster than me... I'm too slow-poke)    Cry Cry
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