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

[RejectedBanana]

Of course, we've seen times before where the deep pocket whales begin the next bull run with a bang, aka a massive dump/short and stop loss hunt to liquidate all the of the leveraged longs first. If the whales accumulate for a long sideways period, this would give them the ammo they need. So I imagine the next bull run trigger will start with something like that. It could take us spiking down briefly to the $5K range in a flash, before heading back up.

Running stops seems to be fundamentally about acquiring product and not so much about effecting the price. Do whales need the coins that are on offer on the exchanges? It seems to me that a whale would interact with an exchange for the purpose of effecting the price more than the purpose of accumulating/liquidating his position. If he were either accumulating or liquidating he would want to do either of those things OTC because if he were accumulating he wouldn't want to drive the price up and if he were liquidating he wouldn't want to drive the price down. So he makes changes to his position OTC but perhaps he tries to use a small portion of his stash to manipulate the price down before making an OTC purchase and vice a verca before making an OTC sale.

I'm not really trying to argue against you here. I'm mostly just interested in how you will respond to these thoughts.

I'd think a whale might want run stops to drive down the market price, just to affect the OTC price. And he'd make some side money on shorts, of course.

In many cases the market manipulators may be the OTC brokers themselves when they realize they have a whale at the end of their harpoon. Whale gets an OTC quote to sell, broker blows his load to drive market price down, whale executes, broker buys back in driving price up again when the next whale comes to buy, profits on his 1-3% margin. Bart pattern complete.

The 6 Costliest Mistakes People Make When Trading Bitcoin OTC

[FractalUniverse]

it's a money thing..those that have and those that do not...money and power concentrate...at least in uncontrolled 'crony capitalism' of the

18th century and standard oil and the Rockefellers etc....seems it is doing so quite rapidly again this decade as well...there will be backlash IMHO,

as it has 'swung' too far ..but we will see...

.. and if/when the big reset comes, there will be golden era for bitcoin and cryptos in general..

all it takes is one or few bit developed countries slowly moving towards gigantic wealth redistribution.
I cant imagine governments doing it without massive tax on rich or outright nationalization of private property and companies. + hyperinflation to cancel debts. (like Venezuela today, with some 50% weekly inflation) There were many examples in the past and its sure it will be repeated again and again.

[bones261]

In many cases the market manipulators may be the OTC brokers themselves when they realize they have a whale at the end of their harpoon. Whale gets an OTC quote to sell, broker blows his load to drive market price down, whale executes, broker buys back in driving price up again when the next whale comes to buy, profits on his 1-3% margin. Bart pattern complete.

The 6 Costliest Mistakes People Make When Trading Bitcoin OTC

Well, I started to read the article and almost completed. Then I realized that I will probably never be put in a situation where I have to start trading OTC in fear that any moves that I would make would deeply affect the markets in any way. 

[Arching_wild]

Too many bitcoin forks

[Last of the V8s]

next person who says 'EOS' I am coming over there and slapping them with a wet haddock

[FractalUniverse]

looks like a minor support around 7600 was tested and holds well, so another attempt to break out above 7700 may be coming next

next person who says 'IT' I am coming over there and slapping them with a wet haddock

who was the first mentioning it today?  

[mymenace]

it's a money thing..those that have and those that do not...money and power concentrate...at least in uncontrolled 'crony capitalism' of the

18th century and standard oil and the Rockefellers etc....seems it is doing so quite rapidly again this decade as well...there will be backlash IMHO,

as it has 'swung' too far ..but we will see...

.. and if/when the big reset comes, there will be golden era for bitcoin and cryptos in general..

all it takes is one or few bit developed countries slowly moving towards gigantic wealth redistribution.
I cant imagine governments doing it without massive tax on rich or outright nationalization of private property and companies. + hyperinflation to cancel debts. (like Venezuela today, with some 50% weekly inflation) There were many examples in the past and its sure it will be repeated again and again.

Not to put fear in anything, but it is a war

Their made up money (controlled) against our made up money (decentralized)
War is inevitable, depends which one wins (Currency war - current, Financial war - imminent, Military - where central banks want to go)

Hard to know what to do.

The other global war going on the Information War (Propaganda/Fake News/Censorship).
To persuade you to follow the government that is going to back the right money(better be our money) is very "confusing" for the average information soldier.


https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
https://cointelegraph.com/news/pax-crypto-russia-proposes-first-multinational-cryptocurrency-expert-blog
https://cointelegraph.com/news/member-of-chinas-main-political-advisory-proposes-national-crypto-trading-platform
https://www.news.com.au/finance/economy/australian-economy/should-australia-start-its-own-cryptocurrency/news-story/368b3f603f42337c70162cf434777ca2

Six global banks join forces to create digital currency
https://www.ft.com/content/20c10d58-8d9c-11e7-a352-e46f43c5825d

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

http://www.wjhg.com/content/news/Russia-bank-helps-Venezuela-defy-US-cryptocurrency-sanctions-482564051.html

Are they really against bitcoin or do they want you to use their crypto?


Welcome to the new wealth redistribution program

We want you for Bitcoin!


I can only imagine it....
Headline

Bitcoiners dumping hard on Central Bank crypto stocks

Another win for Bitcoin..

[Ibian]

Bitcoin is almost literally a force of nature at this point. The world will never be the same again.

[JayJuanGee]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

fools gold

Looks like a fools way of attempting to rebrand and confusion cause.   

[mymenace]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

fools gold

Looks like a fools way of attempting to rebrand and confusion cause.   

Fixed it

[Biro Bob]

... sometimes alt coin pumpers spout out a lot of abstract ideas that sound good, and they use abstraction to bamboosle some folks into their scams...

Sometimes, posters like to be flamboyantly verbose with their prose, in an attempt to seem more intelligent and sage-like, when in reality, they are doing it to mask crippling insecurities of wanting to be accepted, but that's none of my business...           /s

+1 Biro Bob merit  (don’t have any Bitcointalk ones... but these are better and much more rare)

[JayJuanGee]

Short-term, bulls probably won't succeed in breaking through $7700. They'll have to come up with better force in upcoming days.

This attempt shows bulls have lost the fuel for now:

Perhaps?  Perhaps?

Sometimes, it is not clear when the bears run out of coins to dump, and the bulls might be able to eat away and eat away at resistance.. and sometimes, when the time is right, the price will just continue to trickle upwards and upwards on relatively low volume because bears are running out of fuel.

I am not saying that I know when this "running out of coins" reversal point is going to come, but it surely could happen at any time - even though each of us has to remain cautious about the potential ongoing affect of the large number of shitty alts that are on the current crypto scene that can have negative affects the infiltrate into bitcoin when they are getting forked, attacked and hackers taking some of the money from their users.... Can cut both ways, and I still remained slightly inclined towards the hypothetical scenario that shitty alts are going to be coming UP with bitcoin when the next upwards price rise comes - though I reserve the right to change my mind at any time regarding that scenario playing out in the next BTC pump (whether in the next few months, or this year or soon thereafter).. On the other hand, if bitcoin price direction goes down rather than up and gets stuck below $6k for a considerable amount of time, then it is possible that more of the crappy alts will be weeded out of the next BTC price pump.. and seems like it would be longer for that alternative scenario to play out.

[JayJuanGee]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

fools gold

Looks like a fools way of attempting to rebrand and confusion cause.  

Fixed it

hahahahahahha


That's better.







NOT!!!!





It was almost better to have that golden burger logo with cash coming first, even though many of us more insightful bitcoin normies recognize that the propaganda of the advert is working on a kind of stupid-ass subliminal message directed towards Bcash promoting

[4rt3m]

Front page of some scam website right now -> dodgy articles, though
http://www.imf.org/external/index.htm https://archive.is/EVFQi -> http://www.imf.org/external/pubs/ft/fandd/2018/06/pdf/fd0618.pdf https://archive.is/lfAqK

Attempt on copying government organisations logo and design identity is always the red flag of scam.

[mymenace]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

fools gold

Looks like a fools way of attempting to rebrand and confusion cause.  

Fixed it

hahahahahahha


That's better.







NOT!!!!





It was almost better to have that golden burger logo with cash coming first, even though many of us more insightful bitcoin normies recognize that the propaganda of the advert is working on a kind of stupid-ass subliminal message directed towards Bcash promoting

Yep showin it for what it really is bcash shillin

fixed again

[Raja_MBZ]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

fools gold

Looks like a fools way of attempting to rebrand and confusion cause.  

Fixed it

hahahahahahha


That's better.







NOT!!!!





It was almost better to have that golden burger logo with cash coming first, even though many of us more insightful bitcoin normies recognize that the propaganda of the advert is working on a kind of stupid-ass subliminal message directed towards Bcash promoting

Yep showin it for what it really is bcash shillin

Bitcoin cash can literally do anything to make people think that it's the real bitcoin.

[JayJuanGee]

+1 Biro Bob merit   (don’t have any Bitcointalk ones... but these are better and much more rare)

In truth, I feel like a huge bitch for that post, but JJG just really annoys me sometimes.

You annoy me sometimes too, you fucker.

O.k... Now can we kiss and make up?

Dude is at, like, 11 sometimes. I'm trying to keep myself at a nice Zen-balanced 5 lately.

Fair enough.. but if you go on the attack, you expect zen-balance to come down from 11 to 5?  Helrow?

JJG harshes my mellow with his try-hardness,

That is you, if you are blaming others for your own lack of zen, and your supposed interpretation of JJG motivated by "try-hardness."  That is a stupid ass perspective regarding my own motivations.  Zen your selfie into zoning a bit harder if you are attempting to identify arm-chair psychology of other on-line personas.

but aren't about to ignore the dude.

Maybe you should... ?  hahahahahaha   If you are going to write about my online persona and psychoanalyze my online persona on a public thread, would you not expect a response of some sort?  By now, you should recognize enough that largely, I have tended to respond to posts that refer to me - not always, but mostly.. if I notice them.

Yet. I think he means well, just gets carried away with lots of words.

So?  You believe that I have not heard that before, once or twice perhaps?  You think that I give a ratt's ass about whether another online persona might conclude that I should have used 2 words rather than 10 to make a certain hypothetical point or two?  Isn't word choice (including quantity) artistic discretion?

Just wish he would just tone it down a bit sometimes.

Let us pray.

KnowwhatImean ?

❤️

Yes, quite a few posters know what you mean, and many of them feel similar to you.  JJG is such a meanie, but so fucking what?  Over the years, some of these peeps have chosen to 1) ignore, 2) skim 3) fight-it... ... Anyhow, yes peeps know what you mean... poor little tingle linglies.

[Hueristic]

{Something so offensive it keeps getting deleted in this thread}

TOP for standing up to the rothschild schills  

Quote of your quote of my post moderated away again.

I guess only specific "off topic offensive shit" is allowed in this thread.

Maybe we should vote on the moderation?

Oh wait...


BTW, I voted. "Delete more offensive posts (nazi-related, etc.)"

ADDED: I found a response that I missed, so I was wrong that there was a delete with no response.

This was on a partial quote, thanks for the "clarification" Infofront.

There's a lot of tolerance here, but just coming in and hurling blanket insults isn't cool. What pushed your post into delete territory was probably the "fags" part. And I don't owe you any courtesy. 

Hah, didn't see this, I'm glad I did get a response and not just a delete.

I can't complain as long as it's not hypocritical.

Calling people fags is not even close to Genocidal threats and pictures of burned bodies.

Actually thats a really Gay overreaction.

I think I struck a nerve here.

BTW "here" is used in a global not specific sense just so no-one takes personal offense.

[JayJuanGee]

McDonalds campaign in Switzerland

https://www.adsoftheworld.com/media/outdoor/mcdonalds_big_mac_50

fools gold

Looks like a fools way of attempting to rebrand and confusion cause.  

Fixed it

hahahahahahha


That's better.







NOT!!!!





It was almost better to have that golden burger logo with cash coming first, even though many of us more insightful bitcoin normies recognize that the propaganda of the advert is working on a kind of stupid-ass subliminal message directed towards Bcash promoting

Yep showin it for what it really is bcash shillin

fixed again

I recognize that you are exercising artistic discretion, but almost seems that both the bitcoin and the cash deserve a red strike-through line, and perhaps another big ghost busters red-circle sign (with a red line through of course).    

[jojo69]

yeah Bob

we know what you mean