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

[FractalUniverse]

While I was trolling on EOS bitcointalk thread about John Oliver show,

Can anyone explain what is EOS all about?  Clearly, even John Oliver can't:     Usable applications?!?!?!?  
https://youtu.be/g6iDZspbRMg?t=1146

I noticed some familiar names which are heavily invested in EOS, e.g. FractalUniverse:
..
The conlusions I leave to you. Just don't trust the fake bears anymore!

lol. heavily? how do you know. unfortunately im not whale and never was.
and no, I cant explain what is eos about,because i didnt look into it too much + i have no idea whos Oliver anyway.
I just bought some after closing short there. [thanks for tip bitserve btw ]

this is just part of my alts trading with sole purpose to increase bitcoin+fiat balances

[1713854961]

1713854961

[1713854961]

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[Ludwig Von]

I'm very disheartened today. Lost a major chunk of my bitcoin holdings (almost 0.38 BTC) on Bitmex even though I've been longing since $8000 with just 4x leverage (adding more & more after every dump to average it further down), but still at $6140, I got liquidated. With this, I can pretty much assure that $6140 was actually the bottom. It was only to liquidate me, hard luck. Don't comment that I need to risk only what I can afford to lose, I know that very well, just had some real bad luck (as well as confusion) this time.

For reasons like this, I continue to conclude (personally) that leveraging is not necessary, especially in bitcoin.  In bitcoin we are lucky to experience outrageously stupendous returns, and I we do not need to leverage in order to achieve such outrageously stupendous returns on our investment. 

Accordingly, if you just invest regularly, then the most that you can lose is 100% of what you put in - but if you employ leverage (especially using the margin trade vehicles supplied by exchanges), you not only can lose your 100% more quickly, you also lose it way faster, which causes a kind of magnification that if you employ 4x leverage than you can lose 400% - something like that.  Therefore, I still consider any kind of leveraging to be too far into a "gambling" rather than "investing" category, especially with bitcoin.

Exactly. And I really don 't understand why people want to expose themselves to this kind of practice.

[infofront]

$6000 seems to be established as a fair bargain basement price by both bulls and bears and even miners apparently. We have achieved equilibrium price discovery, not just once, but like 5 times since October of last year, give or take $500.

Anything below the bears generally agree is too greedy and the bulls consider a steal.

But there is some serious Grade A manipulation going on. FUD is being slung around like monkey poop fresh outta Bill Gates and Warren Buffett's decrepit simian asses. Sometimes it sticks, sending Korean tourists, YouTuber potato heads, and Tweaking Twitterites screaming for the exits.

The most damage this FUD has done since (dare I say it?) the "capitulation" on Feb 5 is 5-10% intraday trading. Around $500-600 intraday swings at most.

Prior to Feb 5, we were seeing intraday swings as high as 30%. We're talking like $4500 in one day! Many days were well over 10%, equating to at least $1000 at the time. It's a freaking snooze fest in comparison.

So far, the FUDsters have tried squirting manipulation FUD, sharting Tether FUD, and are currently honking for clearance while constipated with a big ol' meal of regulation FUD. Mt Gox has been hotboxing us with silent but deadly FUD for months now, but most of our olfactory bulbs have long since burned out. Hacked exchange FUD is the most regular of all, sustained by a healthy diet of shyster/ignoranus FUDfiber(tm).

As much as everyone is watching, waiting, hoping for a clear sign from Satoshi himself "THIS IS THE BOTTOM", the truth is the FUDsters have run out of effective FUD. Even Roger Ver himself, the king of bullshit, a giant walking colon, can only shit so much, right?

What more can the bears possibly fling at us? Am I missing some super potent 10x epic hangover evacuate the building and whatever you do don't light that match FUD? Something that would truly shake hodlers to their very core that we haven't already seen a dozen times?

It's a fucking zoo out there this summer, peeps. Watch out for the monkey poop.

The only effective FUD that I could foresee coming out would be major Tether-related news. For example, the Dept. of Justice announcing criminal charges.

Also, please stop posting. I'm going to run out of merit! 

[Ludwig Von]

[/quote]

The only effective FUD that I could foresee coming out would be major Tether-related news. For example, the Dept. of Justice announcing criminal charges.

Also, please stop posting. I'm going to run out of merit!
[/quote]

I give you one, the holding the bottom seems to have a positive effect... .

[mindrust]

I just ran into this. This is so stupid.



No shit it can't look like the one on the right. The one on the right is the problem. That's what bitcoin looks like right now and it's the reason why it doesn't scale.

Bcash is an attempt to make bitcoin it's self look like the one in the middle and in so doing give up all of the advantages that come from it looking like the one on the right. Which could be acceptable as a last resort if there were no other option.

Lightning network is a way to build a parallel network that looks like the one in the middle but doesn't replace the one on right in any way. Instead it lives separate and apart from it while being kept totally in check and made benign by the continued existence of the one on the right.

I'm so tired of all of this ignorant anti lighting network rhetoric that I keep hearing and seeing constantly. Do you guys think Ver is funding this BS. It feels like there is just too much of it for it to be organic.


P.S. Do you guys feel this is on topic enough for the wall observer thread. It's not about jews at least... but it's exactly about the price either... I just wanted a place to rant where it would actually be read and it is about bitcoin atleast...

On topic and good points.

It is likely that propaganda funding is causing a considerable deal of the lightning misinformation, but in the end, it is also likely to work out in the wash because the better tech is going to prevail, and those of us investing into bitcoin have decent insight as to what is the better tech and we are able to buy and accumulate our coins for cheaper based on a lot of normies getting distracted either to sell their BTC or not to buy BTC based on such misinformation.

The bcash snorter who drew that shit probably doesn't realize those peers only mean the validating full nodes.

According to this website bcash has less full nodes than what bitcoin has on its layer 2 (the lightning network);  2132 (bcash) vs 2203 (LN)

It is retarded when they try to give us lectures about what peer2peer is while their network's peers are only miners and no one else. *btw, LN is 6 months old, bcash is 1 year old*

[vortex1878]

https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html

The big news of the moment?? wtf pump those fucking coins  

Old news?

Approx. an hour old.

[Paashaas]

https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html

The big news of the moment?? wtf pump those fucking coins  

Old news?

Big news, this might cause trend reversal from bear to bull. If the SEC saw it the other way the price would drop below $6000.

[bitserve]

https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html

The big news of the moment?? wtf pump those fucking coins  

Old news?

Big news, this might cause trend reversal from bear to bull. If the SEC saw it the other way the price would drop below $6000.

Nice 1 hour green candles indeed.

[mindrust]

Over 6600 already. $20k here we come.

[gentlemand]

Big news, this might cause trend reversal from bear to bull. If the SEC saw it the other way the price would drop below $6000.

Interesting to see which projects do turn out to be securities. I wonder whether pumpers will give a shit.

[infofront]

[lachance7777]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

[Speculatoross]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

[Karartma1]

Carolina, please start the engines


 

[doc12]

I hope for some nice Bitmex Short REKTs ....

[Anon136]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

Haha how did that work out for him in the movie?

[Dakustaking76]

Caroline already did


Weeeeeeeeeeee

IT was the bottom gents, if they wanted to go lower then iT was already.
But it didnt work out for them

Now


Weeeeeeeeeeee

[fabiorem]

Best analysis at the moment. This bear market is a replay of 2013-2015.

$4800 is a good entry point.

[gembitz]

Over 6600 already. $20k here we come.

Nope dude a fake rebond, 80% sure we gonna under 6k$ at the end of the week

BTCBTC@$7000===> AIM FOR THE HEAD!! * =^)

[Toxic2040]

-snipped-
It's a fucking zoo out there this summer, peeps. Watch out for the monkey poop.

+5 WOsMerits

Nice timing on this post bud...tho 'ol double whammy get em moving everytime..
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I dont like to venture out of my comfort zone(this thread) much other than to gather data..but this post has a good link inside..worth the read imho.

https://bitcointalk.org/index.php?topic=4470655.0

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Just cool...

https://www.rferl.org/a/kyiv-lenin-statue-bitcoin-nakamoto-ukraine/29288728.html