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

[Hueristic]

https://bitcointopia.org/

Capital of United States Of Bitcoin

Bitcointopia is the capital of a newly formed nation run by Bitcoin appropriations, Blockchain voting & BIP based laws, formed by Articles Of Incorporation, Declaration Of Independence, UN Law & the Treason Act 1949

Hmmm, same number.

Petscoin - About | Facebook
https://www.facebook.com › Places › San Diego, California › Pet Store › Petscoin
Call (619) 721-3384. HOURS. clock. Always Open. BUSINESS INFO. Founded in 2014. ADDITIONAL CONTACT INFO. contact@petscoin.com. http://www.

v nice find. totally fishy

It's too bad as I have been considering moving to Nevada for my final move in life.
I still may but that would be the coolest shit, a city of cryptonerds.
I went out there for a few days about 8 years ago and ended up staying 5 months. Lol

During this slow period in bitcoin's price, it is time to move forward again.

So sayeth the Antanopolis.

https://www.youtube.com/watch?v=6xIq0FdmsIA

I really like the quotable statement he made @17:18 referring to the newbs that entered the market during the run up:

"They came for the price. Make them stay for the principles."

I.e., help educate them.

That is awesome. The manifesto should be required reading.

...

I did not do anything beyond making a response to a previous post, and an attempted clarification of my posts.  Because of your own inner focused delusions, you seem to trying to read more into the situation than exists.  In other words, just stirring shit....

Or just seeing ghosts as in the italicized.

I have been having a med balancing issue.

I'll take this opportunity to apologize for anyone that I may have offended, I sometimes fly off the handle, incoherently to others that do not have my context. Usually the lack of punctuation and run-ons are a dead giveaway.

....
So sayeth the Antanopolis.
...
"They came for the price. Make them stay for the principles."

Of course Antonopoulos has done great things for the public
awareness of Bitcoin. However, he is also busy shilling for Ethereum
and has even written a whole book on it:
https://www.amazon.com/Mastering-Ethereum-Building-Smart-Contracts/dp/1491971940/

Ethereum has also spawned a rapidly growing ecosystem of software startups vying
to build decentralized applications, known as "dapps".

Except ICOs as a way to enrich the founders of the respective projects, Ethereum
has spawned jack shit.

I can´t take anyone seriously, who recommends newbies to stay in Bitcoin
for "the principles" while shilling Ethereum at the same time.

And don´t get me started on the sketchy Ethereum pre-sale.
A good read regarding the pre-sale is this Medium article:
https://medium.com/hasufl/ethereum-presale-dynamics-revisited-c1b70ac38448

And lets not forget the Principle of Immutability being paramount.

{image of anarchy choice redacted}

Overdue poll reset. Looks like the trolls, nazis, anarchists, big blockers, and beartards won.  

I've been saying for a while that this forum needs a thread where nothing is off topic. That way off topic conversation would have a place to go. As it stands now, where do we go to shoot the shit with people who have the same interests as us but don't happen to want to talk specifically about that interest that we all have in common? I made such a thread once and the forum moderators killed it and so people use threads like this instead. /shrug

So many sites over the years have had great General discussion threads and they have all become such moderation nightmares that they have gone the way of the Dodo, in reality Anarchy does not work. Mob rule is close and you get and then you just get clicks that dogpile.

[RayX12]

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

To what do you attribute it? I mean more specifically than just "manipulation" generally.

Looking at that so-called "Bart Simpson" chart pattern, I don't really see the mystery. That is exactly what a trading market pattern would look like if you have:

a) major sideways wash trading
b) the float on exchanges being really thin
c) only one or a few whale market participants using large margin
d) volume being led by one or only a few exchanges

Which is the environment we are in right now. The whale is ready to rek anyone who takes up a sizable position in either direction. It could be the exchange owners themselves.

Agree!  Exchange owners are some of the largest and dirties whales around; they are more like Killer Whales acting solely on profit gouging!

[trader34]

Bitcoin, Futures, and the Ghost of Gold A forecast for bitcoin if it follows the post-futures cycle of gold.

Great article, thanks for sharing. I never thought not even for a second that bitcoin futures would have killed bitcoin, although they played their part in the following price drop.

Very interesting the parallelism reported with gold and the consequent future prediction of bitcoin prices, assuming, however, that we have reached the minimum on April 6, with $6700.

However, many lauded the move and took this as a sign of institutional acceptance. Futures gave Bitcoin an air of legitimization and were one step closer to exchange traded funds (ETFs). More money would come in. Prices would go higher.

I just want to point out the fact, anyway, that the impact that Bitcoin ETFs will have on the market will be very different compared to futures, when they are launched. In my opinion, it's just a matter of time and this will happen. Bitcoin futures are merely speculation and there is no direct connection with the underlying asset. For ETFs will be different. They are not seen as speculation, but as a form of investment.

The presence of ETFs on the market will help a lot to spread the word of bitcoin to the masses, in my opinion.

[RayX12]

Bitcoin, Futures, and the Ghost of Gold A forecast for bitcoin if it follows the post-futures cycle of gold.

+1WOmerit. Good article.

I always believed futures would kill bitcoin, and the graphs proved it, even with the bear market being inevitable.

But this article refutes it very well. Since bitcoin moves faster than gold, we should not worry too much.

Very bullish indeed!

[d_eddie]

Down below 7.4 for a few minutes, and still no significant volume. Popcorn anyone?

[STT]

I'd expect a fakeout first, a last call for a sell, people give up.  Then you have the bottom and a rise, market usually tries to trick us many times

Silver bugs never respect the lesson the Hunt brothers learned the hard way. If you want to diversify your portfolio buy gold. Silver bullion is a poor store of value and will remain so while gold is not.

Gold is isolated from direct factors of economic growth but silver is an industrial metal so I agree they are not twins, its a weak relation

The Hunt Brothers had a giant counter to their plans, a strong and capable Federal reserve.   This is like the biggest most relevant point to knowing this history, compare Fed and Fiscal debt and perhaps trade balance to now.    In the 1980's the Fed raised rates to 15%

Thats a giant return for simply holding the debt of the country you live in and pay taxes to.   Its not a hard bet to just side with that, of course the FED got control.    Silver was not in use enough to be a challenger plus the Saudis do sell oil in dollars, thats a big backing plus everyone else.

So the situation now is the FED cannot ever raise rates this high.   The average term of debt owed over 20 trillion by government is just 4 years.   Raising rates this high would mean every cent spent in the white house budget would be interest payments.     Its an insolvent situation, same deal as you read with Greek or similar spikes.

What is going to happen this time is the debt is repaid with newly printed money.  The path of least resistance, I dont have to be anti government, anti anyone this is just the gravity of the situation, water rolls down hill and the economy is going to be shaped by the simple dynamic of too much debt and a weak Fed policy vs inflation.

Knowing history is great indicator to the future but various factors have developed further since then.    So far as I know people expect a strong Fed to control the situation just like previously but its impossible when there is a fiscal deficit and no possible surplus to repay debt.

[jojo69]

BTC related question:


I geus were on a correction? From €66xx back to €63xx

Damn when are we going to explode upwards

Long term rising support line at ~€6,000. Climbing at a little more than €200 per week.
Resistance around €6,800.
So probably 2-3 weeks, maximum, before something significant has to happen.

(I converted $ to € for you but not sure what 2-3 weeks is in European equivalent. Do you guys use metric or Unix time?)

No standard has been adopted.
USA 2-3 weeks =
UK 5-10 weeks
Spain 'Tomorrow'
Greece Never
Germany 2.5 weeks
Benelux Manchester United 2 Barcelona 3
Ireland Sure, soon now
Italy, Portugal, Poland After the holidays
etc

actually if I remember correctly in Germany it is 2.545678952 weeks +- 0.000000002

[Robin,Hood]

i find it hard to believe people that are otherwise reasonably intelligent can still believe that moon landings were faked.

mental block?  lack of knowledge the technical aspects? brain washing? wishful thinking? whatever it is.. well enjoy your beliefs.

Maybe there is a need for a thread on the topic?  

I know that there is a thread on the flat earth bullshit, but that concept of flat earth is totally luny (pun intended).  By the way, a faking of the moon landing is not even close to the same level of flat earth luny beliefs.

no need from my point of view, as one way or another BTC price is not affected.

there is plenty of evidence around if you look for it. believing it is up to the individual. depends on ones technical understanding of the tech and your belief in the sources.

I think that part of my point is that moon landing and other topics such as the official story behind the twin tower and DC attacks of 9/11/2001, who was behind the JFK assassination and other topics have decently credible evidence on both sides.. There is almost NO decently credible evidence that the earth is flat.

There is a strong correlation between conspiracy theorists and low cognitive capability.  Make of that what you will.  

Maybe such another thread would treat the concepts of conspiracy theories rather than any particular conspiracy theory?

Surely, the concept of conspiracy theories can be related to bitcoin and also to the kinds of skills that any of us needs to attempt to sort through how to invest our own thinking (and simultaneously, money, perhaps?).

In which basket will you throw the fact that the FBI claims Nicola Tesla was an alien.
Will you accept it as fact or call the fbi conspiracy theorist creators.
https://vault.fbi.gov/nikola-tesla/Nikola%20Tesla%20Part%2003%20of%2003/view

[jojo69]

totally digging this volatility, closing in on booking 0.1BTC from my ladders in the last 4 days

[Toxic2040]

Good morning all.
Keep pushing for $8k+   
#stronghands

1h


4h


D

[Anon136]

A new Bart has begun.

Do the Bartman ?      This cartoon 'kid' is like 30 years old by now

Seriously what does this formation relate to, the transition from west/europe over to Asia and back again ?   Reminds me of a phase change on a transformer or something.

A trader told me BCH is bullish medium term apparently, set to do well.  I thought that was mostly previous due to the fork and speculation on that, any reason for more demand on it recently?

It's just some big players moving funds around the globe for arbitrage. Think of it like the heart-beat of cross-border financial transactions bitcoin is performing. Buy 1m in HK, Sell in NY, Buy 2mm in Zurich, Sell in Singapore ... etc, etc. Bitcoin is working.

Hmm... If that was happening on the right scale I could definitely imagine it forming exactly that pattern. It makes sense. Do you have any evidence or arguments to support it?

[Karartma1]

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

To what do you attribute it? I mean more specifically than just "manipulation" generally.

Looking at that so-called "Bart Simpson" chart pattern, I don't really see the mystery. That is exactly what a trading market pattern would look like if you have:

a) major sideways wash trading
b) the float on exchanges being really thin
c) only one or a few whale market participants using large margin
d) volume being led by one or only a few exchanges

Which is the environment we are in right now. The whale is ready to rek anyone who takes up a sizable position in either direction. It could be the exchange owners themselves.

Agree!  Exchange owners are some of the largest and dirties whales around; they are more like Killer Whales acting solely on profit gouging!

Torque definitely put that better than me but at the end of the day I call it price manipulation. If words still mean something

[Hueristic]

In which basket will you throw the fact that the FBI claims Nicola Tesla was an alien.
Will you accept it as fact or call the fbi conspiracy theorist creators.
https://vault.fbi.gov/nikola-tesla/Nikola%20Tesla%20Part%2003%20of%2003/view

What ? OP is certainly a bundle of sticks...

* Reads the PDF *



To be fair, it does appear to be a newsletter from some fringe group that was added to the dossier.

LOL, thx, I'm ascared of pdf's from anywhere.

[Last of the V8s]

This is not going down to 5K, is it, bears.
Buy now or cry later

[LFC_Bitcoin]

This is not going down to 5K, is it, bears.
Buy now or cry later

[shahzadafzal]

This is not going down to 5K, is it, bears.
Buy now or cry later

Soon BTC gonna get tired of this game... and will moon soon...!!!


https://i.imgur.com/58YNcKa.jpg

[Rsiyz]

https://www.reddit.com/r/linux/comments/8oqb2u/linux_417_supporting_speck_a_controversial_crypto/

[mindrust]

Gold is isolated from direct factors of economic growth but silver is an industrial metal

Gold is an industrial metal too. It is inside of almost every electronic device there is.

[European Central Bank]

bitcoin just had a 14.7% difficulty change upwards. that's the biggest since january. there sure is a lot of firepower out there somewhere.

[starmman]

bitcoin just had a 14.7% difficulty change upwards. that's the biggest since january. there sure is a lot of firepower out there somewhere.

Interesting that somebody is ramping up the operation - hopefully that will transpire to something more bullish again in the near future