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

[stompix]

Uhoh (?)

https://www.reuters.com/article/us-cryptocurrencies-bitfinex/bitfinex-chief-strategy-officer-departs-idUSKBN1JI2IN

“As Bitfinex pivots to other strategic international markets, I felt this was a natural time for me to depart the executive team,” Potter said in a statement provided by Bitfinex. “I am looking forward to new opportunities in the days ahead.”

This is an excuse that rivals the ousting of Brian Krzanich ....
Common, I was expecting a better story from guys that are trained for cover-ups.

The sooner we get this over with, the better. Remember, for every seller, there’s a buyer  

Too bad the seller has 1BTC and the buyer only 1000$  

Now seriously, who's to blame for this drop? Or it's just the usual weekend dump?
The only "bad" news I've seen today are related to the hack at bithumb but that was about cripple, not BTC
Anything worse happened?

[Rosewater Foundation]

I guess I was expecting more despair. But I guess I'm it.

Do you need a no-homo bro-hug ?

[[[ (BobLawblaw) (Rosewater Foundation) ]]]

I'm not proud. I'll take it.

[cAPSLOCK]

The last 24 hours are critical.

[Karartma1]

Ok, my version of the story.
If Bart does not make a huge leg up soon, well, bart's dead.

My regular monthly buy come at the beginning of July: I'm tempted to buy now.

[vortex1878]

I am buying. Please keep on dumping.
I believe the bottom will be 5700, but I am not counting on that. Might not reach there. So I am buying all I can here.
Thanks, panic dumpers.

[RayX12]

Good volume means it is a good bottom..

(‿ˠ‿)

[Anon136]

Good volume means it is a good bottom..

(‿ˠ‿)

The price is crashing because infofront isn't posting enough bottom pix to hold it up. INFO I BLAME YOU!

[mymenace]

hoping for the triple bottom


biggest bear trap eva

[Agapios]

So how long you guys think before 6k line drops significantly? I think it will hold for 1 or 2 weeks or so (maximum 1 month) then it will drop nicely bellow 6k.

[cAPSLOCK]

hoping for the triple bottom


biggest bear trap eva

[jojo69]

From Twitter.

https://twitter.com/bitPico/status/1010309235459096577

"The #bcash $bch @bitcoin attack has been started; it will continue to run as we work to amplify it over the coming months. We expect to have 5000 Bcash attack nodes in roughly 6 weeks and then we will multi-fork the chain. @rogerkver will now cry 😭. #hacking #skills #security"

that seems...unnecessary

[bones261]

From Twitter.

https://twitter.com/bitPico/status/1010309235459096577

"The #bcash $bch @bitcoin attack has been started; it will continue to run as we work to amplify it over the coming months. We expect to have 5000 Bcash attack nodes in roughly 6 weeks and then we will multi-fork the chain. @rogerkver will now cry 😭. #hacking #skills #security"

If someone is going to launch an attack, why announce it? I would wait for the announcement only after the attack is in full thrust and doing damage, if I made an announcement at all.

[Lontonbit]

John Mcafee told me to buy bitcoin private? Should I?

[jojo69]

I do everything John tells me to, it's worked out rather interestingly so far...

[Lontonbit]

I do everything John tells me to, it's worked out rather interestingly so far...

Oh ya? Me too! He’s my hero I’ll vote for him to be president! If he lives long enough..

[jojo69]

My recent point about assassination bounties will be placed (not by little ole me) on Karpelès’ head if he tries to keep $2 billion of the BTC:

total BS

Mark has been campaigning for civil rehabilitation for some time

get fucked

[babanana]

The refunds could signify substantial gains for former customers who are entitled, according to the court, to seek a refund in Bitcoin, and not the monetary equivalent at the time of Mt. Gox’s demise.

My recent point about assassination bounties will be placed (not by little ole me) on Karpelès’ head if he tries to keep $2 billion of the BTC:

As for scammers such as Mark Karpelès who is going to repay victims only $400 per BTC that he stole and walk away free with $2 billion worth of stolen Bitcoin, I think he will meet his fate at the hands of assassination bounties one day. Rapists don’t even live long in prison. Other inmates carry out the punishment.

But how you going to put out assassination bounties against Satoshi miners who are anonymous? And the Satoshi miners are not scamming. They are just following the protocol. They tried to warn you. Mark Karpelès did not warn anyone. He intentionally mislead people. He is a defector against humanity.

Seems to have coincided with a decision to instead give BTC back to creditors instead of the $400 per BTC fiat value at the time of the 2013 Mt. Gox collapse which was the original bankruptcy plan.

This is very bullish for Bitcoin. And the weak hands are capitulating right at the moment when the mood will turn soon very bullish due to the Mt. Gox collapse being resolved in the most equitable way and putting it behind us.

Today the world realized that the dollar is dying. And that BTC is the new international unit-of-account. And that justice will be served up on an assassination platter to whom ever does great harm to humanity.

Gold and tinfoil can’t do those things @realr0ach.

I don't agree with you assassination BS but karpeles should be in jail indefinitely. This is no joke amount we are talking that he tried to embezzle. Self-enrichment thru fraud has no room in the world.

[infofront]

Ok, my version of the story.
If Bart does not make a huge leg up soon, well, bart's dead.

My regular monthly buy come at the beginning of July: I'm tempted to buy now.

Bart can't die. He's been 12 years old for like 30 years now.

[TERA2]

The scariest part of this drop is that there isn't even any major FUD driving it. It's not like last time where there was the China ban and Gox and major exchange issues happening left and right. The drop is just happening naturally on it's own. What is going to happen when the real FUD begins?

Parelleling this phenomena is the continiously unanimous bullishness in the forum. Charts always with some upwards plot and bulls popping champagne and posting rockets every time there is a 5% rise, and circle jerking eachother 'oh yes that's a great analysis, just how I see it. excellent work. and things will be even more bullish after XYZ conference. we could take this further and add an extra digit or two.' (as the bottom is being challenged on low volume)

Aside from your taunting, I find your analysis to be quite good, and I tend to agree with it.  I do NOT take pleasure by rubbing salt into the wounds of the bulls.  Perhaps this is because I am a holder.  Trading does not suit me.  So I get to feel the pain of your salt when you spread it around.  Does it bring you much pleasure?

With that complaint out of the way, my reason for posting.

Do you think it is possible that this low volume trading we are seeing is indicative of an age of OTC trading.  I have been starting to wonder what strange effects we could be seeing if that is the case.

This is an analysis including sentiment analysis as well as a critique of poor attempts at short-term ta. It's not a would salting. Youre giving a double standard here. Everything I do, bulls do in reverse. Bulls do it 10 times worse, and definitely salt the wounds of bears when the market goes their ways. During a rally theyre litterally yelling profanities and death threats at bears. Karma.

[jojo69]

I don't agree with you assassination BS but karpeles should be in jail indefinitely. This is no joke amount we are talking that he tried to embezzle. Self-enrichment thru fraud has no room in the world.

I have, in the past, been VERY critical of Mark Karpeles.  Anyone who wishes to make the effort can search back in this very forum and find my interactions with him.

I no longer believe that he "tried" to defraud anyone...and I lost a rather goodly amount in the debacle in question.

I have come to believe that Mark was simply a bit of a naive idiot savant, in well over his head.  Since the implosion, I have yet to witness him behaving with anything but honor.