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

[realr0ach]

You dont need to be a brain surgeon to figure it out if you look at trendline and price.
https://i.imgur.com/2iqhAGd.png

And you seriously make believe that a line going upwards at a 45 degree angle infinitely is sustainable?  The market is never allowed to go sideways or...god forbid...down?  You do know that bitcoin is entirely a dollar derivative right? So any decrease in dollar liquidity would also collapse bitcoin.  Has autism gone airborne?  As for dollar liquidity, at some point in the near future it will either collapse to 1/10th of what it is now and blow up all the banks at the same time, or dollars will become extremely liquid...like in Venezeula.  But there's definitely not going to be any smooth graph infinitely upwards in any circumstance.  

If all the banks do blow up, the flight to safety is definitely going to be silver and gold and not shitcoins.  Shitcoins are all extremely high risk assets and nowhere near the base of Exter's Pyramid, so it's impossible for them to win as the unit of account of anything in that scenario.  By buying shitcoins instead of metals, you are literally making the gamble that in the biggest wealth transfer of all time, which nations like China and Russia have all laid out their cards on the table as to what's going to happen, that this is somehow not going to happen, and the objectively riskier and thus inferior unit of account (shitcoins) will somehow win instead.

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[Tyr808]

Altucher was literally the face of December's bubble.
That fucker stole 95% of his theories from other people self-improvement books, most importantly that four-legged wellbeing thing.

By the way still amusing to read when he talks about the nastiest shit which happened to him. Probably a manic depressive and admitted several times to have had contemplated suicide.

[Robin,Hood]

You dont need to be a brain surgeon to figure it out if you look at trendline and price.
https://i.imgur.com/2iqhAGd.png

And you seriously make believe that a line going upwards at a 45 degree angle infinitely is sustainable?  The market is never allowed to go sideways or...god forbid...down?  You do know that bitcoin is entirely a dollar derivative right? So any decrease in dollar liquidity would also collapse bitcoin.  Has autism gone airborne?  As for dollar liquidity, at some point in the near future it will either collapse to 1/10th of what it is now and blow up all the banks at the same time, or dollars will become extremely liquid...like in Venezeula.  But there's definitely not going to be any smooth graph upwards in any circumstance.  

If all the banks do blow up, the flight to safety is definitely going to be silver and gold and not shitcoins.  Shitcoins are all extremely high risk assets and nowhere near the base of Exter's Pyramid, so it's impossible for them to be the unit of account of anything.

If you pay attention it already started to flatten out.
Now its "only" 19° back in june 2014 it was at 32°. 45° was sometime in 2011 or thereabouts, have you been deprived of internet in since then?

[realr0ach]

If you pay attention it already started to flatten out.
Now its "only" 19° back in june 2014 it was at 32°. 45° was sometime in 2011 or thereabouts, have you been deprived of internet in since then?
https://i.imgur.com/ovS2AHb.png

That's a completely arbitrary and meaningless line. There's no reason the beginning of the line should begin from the TOP of the first pump and dump instead of the actual base in the first place.  Anyway, you don't need to be a rocket scientist to know a chart claiming the price of bitcoin is going to follow an unsustainable trend to infinity is not correct, especially when it's just a dollar derivative.  You could accomplish such a thing through fraud, though.  

For example, if some guy on Bitfinex controls the market almost entirely by himself, as long as no other big whales are cashing out, he can just continue increasing the leverage on his base stash from 3x, to 10x, to 100x until the price is to the moon, but anybody who attempts to cash out at the top is going to get nothing since it's just a fraudulent book keeping, leverage scam.

[Robin,Hood]

Here is progression of the trendline
end of 2011 47°


june 2014 32°


now 19° and price well below

[jojo69]

oh noes

only 19° ?

fuck this shit...where can I get some RETURNS?!?

[realr0ach]

Here is progression of the trendline

end of 2011 47°

june 2014 32°

now 19° and price well below

In other words, the imaginary trendline is garbage and has been invalidated numerous times already otherwise it would not be flattening.

[Tyr808]

What a bunch of shit charts. Thanks goodness the Ignore button exists.

[becoin]

By the end of July we shall see price above $10k.

[realr0ach]

By the end of July we shall see price above $10k.

At any second Bitfinex owners and their tether scam can bring the price there by fraud.  But they move the price through trading on their own exchange and using fractional reserve.  So that's the catch, they will not attempt a fractional reserve pump and dump scam unless they know they can find buyers at the top of the pump.  Otherwise their fractional reserve fraud implodes and they steal all customer funds while claiming they got hacked like they did right after the halving.  

This is why the scammy tether audit by those lawyers is a joke.  All they're saying is "on this specific date, we are currently not engaged in a huge fractional reserve scam, but we would like to be in the future again".  This is also why they use tethers in the first place, as a loophole to try and prevent regulators from examining their activities, because using dollars would bring their fractional reserve pump and dumps more scrutiny.  It's a bucketshop where they trade on their own exchange and both naked long and naked short.

The entire staff of Bitfinex should be in prison for criminal conspiracy, fraud, and numerous other charges (as well as a lot of people in the US banking system, but that's a different story).

[mymenace]

Nov 29, 2002 - Shiing Shen Chern.
http://www.mathnet.or.kr/file/news94_2_39.pdf
Cryptographic Properties of Rational Functions over Binary Fields

A Cryptosystem using Braid Groups
Some Historical Remarks on Elliptic Curves
A Public Key Cryptosystem Scheme Based on the Reed-Solomon Code
The Arithmetic of Signed Binary Fields for Elliptic Curve Cryptosystem
Identity Based Authenticated Key Agreement Protocol from Pairing
Computational Tools for Stock Price Analysis
An Efficient Identity Based Syncryption Scheme Based on Pairing

[realr0ach]

[kurious]

MtGox enters Civil Rehabilitation:
https://mtgox-creditors.com/

Fingers crossed...

[Last of the V8s]

[TERA2]

I have to admit it was funny when we were at 20K and there were all those youtube ads with that Jewish guy walking around his house full of bling telling you how hes been talking to the guys at the casino and bitcoin is just getting started because those two pizzas. And the banner ads with ugly rich looking guys now subtitled with something about Bitcoin who I knew probably never had anything to do with bitcoin. I coudn't have charted a better sell indicator.

[El duderino_]

you guys think the bottom is near ?

[realr0ach]

Posting this here so you guys can quote it after it happens:

I've done probably hundreds of different analysis and correlation for silver and I always get the same close range of numbers for where the next price rise will be (in current dollar purchasing power):  around $74-80.  But the number $74 specifically comes up a lot.  I imagine it might dump from there to use $50ish as a base, then the next target after that all the numbers I have pointing to are around $120.

[TERA2]

How is any of this relevant to TA on Silver prices?

[El duderino_]

Price went down sharp last WHY?   1 of the big reasons .... BELGIUMS know there team is going to go deep into the WORLD CUP so whats the problem they are belgium so big beer drinkers and next game is today @14cet   so ofcourse they needed to sell btc's quickly to be able of getting completly f***** Up on BELGIUM - TUNESIE   "all eyes on HAZARD btw...."  
for the rest #WON a f****** BIG DIP yesterday

let the game be good and i wille be rekt as well this afternoon ......................  maybe gonna make a BTC bet on belgium handicap  

[luckygenough56]

By the end of July we shall see price above $10k.

At any second Bitfinex owners and their tether scam can bring the price there by fraud.  But they move the price through trading on their own exchange and using fractional reserve.  So that's the catch, they will not attempt a fractional reserve pump and dump scam unless they know they can find buyers at the top of the pump.  Otherwise their fractional reserve fraud implodes and they steal all customer funds while claiming they got hacked like they did right after the halving.  

This is why the scammy tether audit by those lawyers is a joke.  All they're saying is "on this specific date, we are currently not engaged in a huge fractional reserve scam, but we would like to be in the future again".  This is also why they use tethers in the first place, as a loophole to try and prevent regulators from examining their activities, because using dollars would bring their fractional reserve pump and dumps more scrutiny.  It's a bucketshop where they trade on their own exchange and both naked long and naked short.

The entire staff of Bitfinex should be in prison for criminal conspiracy, fraud, and numerous other charges (as well as a lot of people in the US banking system, but that's a different story).

i always like reading your posts dude, you're like the only lucid guy here haha.