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

[bones261]

my new bottom call

2250

Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target?

Sell, sell, sell.. bitcoin is doomed!!!!!  Too many green candles.  This is not natural.. right, peeps?

I guess what you really mean is "Get the fuck out of here with your capitulation nonsense!"

But you're too kind to be so blunt  

Time to start putting the squeeze on all of these bottom shorters. Should have closed their position hours ago when the CME July futures contract settled. Haven't checked @whalecalls on twitter yet. Wonder if any big dumb whale just got their big bottom short liquidated.

[1713490511]

1713490511

[jojo69]

god no

this is grim

[ThePunisher49X]

300 dollars will be erased by tomorrow morning, it's not indicative of anything, we've seen this shit so many times.

This is why bitfinex created tether so they can print money out of thin air to create this fictitious sense of euphoria to those who think they are actually going to get a bounce back up so soon.

The entire 2017 bull run was:
>Tether prints money out of thin air
>Uses it to buy Bitcoin
>Bitcoin goes up due to fomo
>Tether sells Bitcoin for real USD
>Now they have $2 billion
>See how tether is backed 1:1 by USD?

And you wonder why the executive from the US left?

Nothing more then a delay in the knee jerk reaction from volume being to low and needing a pep up in price before a national hoilday to keep the masses happy.

From twitter poster https://twitter.com/altcointhoreau/status/1010512351810945027

[bitserve]

Interesting action tonight.

[bones261]

god no

this is grim

Segwit stealing 51% attack with secret quantum computers beginning in any moment.  

[jojo69]

god no

this is grim

Segwit stealing 51% attack with secret quantum computers beginning in any moment.  

[HairyMaclairy]

Volume is comparatively piss weak

[JimboToronto]

Well cheers.

Just got back from the ballgame and I see both the Jays and Bitcoin won.

Let's see if this holds.

Ballpark beers may be expensive but they sure taste good and work great.

Life is good. Enjoy.

[babanana]

Couldn't be happier with BTC. Play your cards right, love your own and you'll be rewarded.
Thanks BTC. 

[jojo69]

god Jimbo

please don't leave us...

[bitserve]

We are still poor anyway.

[TERA2]

These single large pumps are not good indicators of a turnaround. High volume rise over the course of a day would do it. Not a single jump.


Bitcoin is still under $10k 

I disagree. Traders are taught the opposite, that taller candles are better. The volume is another matter though.

[JayJuanGee]

We are still poor anyway.

I don't believe you.

If BTC prices correct an additional 50% or 75% from here, and then carry out a bottom from there, in a $3k or lower price arena, even then, are we really poor?  We have our money in Bitcoin, right? 

Sure, there is a really horrible crash to zero scenario or something close to zero (like a BTC price of less than $100) (scenario zero) that seems really low probability to happen, and a more probable bad scenario (and the more likely worst case scenario) is a 50% to 70% correction from here (scenario one)... which would end up being a 2014/2015 like correction that drags out for 1-2 more years from here. 

The better correction scenario  (scenario two) still CANNOT be ruled out.. which would be assessing the bottom of this particular correction is largely already "in", which would still be something less than a given, and even result in several more months of flat and/or struggling to get UP from here.

Between scenario two and scenario one, there may be around 50/50 odds, at this time, but in neither of those scenarios would I feel poor... If scenario zero ends up playing out, then there would develop a decent amount of feeling of poorness from me, but what are the odds of a scenario zero happening?  It must be less than 1%, no? 

[bitserve]

We are still poor anyway.

I don't believe you.

If BTC prices correct an additional 50% or 75% from here, and then carry out a bottom from there, in a $3k or lower price arena, even then, are we really poor?  We have our money in Bitcoin, right?  

Sure, there is a really horrible crash to zero scenario or something close to zero (like a BTC price of less than $100) (scenario zero) that seems really low probability to happen, and a more probable bad scenario (and the more likely worst case scenario) is a 50% to 70% correction from here (scenario one)... which would end up being a 2014/2015 like correction that drags out for 1-2 more years from here.  

The better correction scenario  (scenario two) still CANNOT be ruled out.. which would be assessing the bottom of this particular correction is largely already "in", which would still be something less than a given, and even result in several more months of flat and/or struggling to get UP from here.

Between scenario two and scenario one, there may be around 50/50 odds, at this time, but in neither of those scenarios would I feel poor... If scenario zero ends up playing out, then there would develop a decent amount of feeling of poorness from me, but what are the odds of a scenario zero happening?  It must be less than 1%, no?  

I will keep repeating we are still poor until we reach a new ATH... Then I will ask if we are rich again.

Bear with it

[STT]

300 dollars will be erased by tomorrow morning, it's not indicative of anything, we've seen this shit so many times.

This is why bitfinex created tether so they can print money out of thin air to create this fictitious sense of euphoria to those who think they are actually going to get a bounce back up so soon.

The entire 2017 bull run was:
>Tether prints money out of thin air

Leveraged trading is the entire rise would be surprising.   It doesnt take alot more demand to create a price rise when supply is quite fixed.   They'd need to be continually expanding their credit position, this is a natural effect occurring in USD but Im not sure BTC is benefiting from QE unwinding especially.   Most of the benefits goto primary dealers in US treasuries and Goldman is one and also a dealer in crypto so its possible a transfer between the two markets is there I guess.   I dont reckon Bitfinex can cause this by themselves without alot of help from their bank manager and/or fraud.   Do you mean they are painting the tape, thats a feature of some Chinese exchanges if any are left.



Theres plenty of doom just reading stated facts I think, just at present they are not come to full fruition but factors are in play enough for a Greek style scare and retraction in market confidence likely to knock BTC I guess.    With US 10 year yields being high, I guess it can be bought in safe haven thinking.  Meaning retraction in other pricing (everything denominated in USD)




The previous estimate I was given is 6500 as a bullish target with 6800 confirmation of a break in negative trend.  I generally agree with that and I'll add in I think we are in positive phase so long as we stay above 6127 and that also would be the recent price of the last top before falling some.    Highs now are the underside of the early April bottom, so theres some significance there

[babanana]

You seem to be full of shit, anunymint and trying to lord over your supposed technical/mathematical skills to spread doom and gloom FUD.

That’s what the deluded always say. Drugs addicts protest. Hashfast scam investors protested. Etc. Facts are facts. Everyone who holds non-legacy addresses will lose all their real Bitcoin and will end up only with Core nonsense scam tokens.

The only deluded one seems to be you.

Sorry but you are factually incorrect.

When you are speculating about the future, by definition that cannot be facts... it is speculation about a future state of affairs.

Most people who provide a meaningful speculation about the future will provide the basis for their prediction... the basis can be based on facts and logic.. and hopefully those facts and logic help to describe how the future will come about from our history, current state and future direction.  If you do not provide a reasonable basis, then you are saying random shit and doing no more than setting forth what you believe to be based on a kind of fantasy.

I provided it in great detail. Do you need the link again for the nth time?

If you do not bother to read the threads I linked to and wish to remain deluded, that is your prerogative because it doesn’t change the facts that have been explained at that link.

It’s not a personal thing. I like you guys.

Of course, none of us know each other.. so none of this should be considered personal, and I doubt anyone who is reasonable is taking it personally.  So, you are getting into irrelevance by going down this path in order to clarify your supposedly pure motives.

You're mighty presumptive. How do you know who I know here? I actually do know some of the guys here at least for example I know the true identity of some of the folks here and have traded more personalized private messages with them.

Also in general what I mean is that I don’t think most of the guys here are paid Core trolls. Rather I just think they are guys who have lost Bitcoin in the past to scams and will continue to do so, because they are gullible. You apparently are included in that classification. You’re presumptive error above and refusal to read the facts and then claim no facts have been presented is indicative of being irrationally addicted to a position.

I don’t have a fight to pick with y’all. Do what ever you want. I will STFU about this matter. Just remember I warned you.

Probably, better if you just shut the fuck up and get the fuck out of here.  Few people in this thread appreciate your non-substantiated bullshit, except perhaps some of the trolls and shills might consider your bullshit to be helpful to their misleading, distracting and FUD spreading attempts in this thread.

There’s no FUD. I stated facts and backed them up with a link to the facts.

I was going to STFU, but you decided to attack me with incorrect allegations. Accusing me of making claims which are not heavily substantiated. Sheesh man, can’t you fucking read?

Long story short, you seem to be buying into nonsense.  I have no problem with the idea of keeping your coins in various location, just in case, but seems like a lack of prudence to base your life on the bunch of nonsense speculative scenarios of FUD spreaders that have low chances of playing out anywhere near their doom and gloom projects... furthermore, your behavior seems to play into their ill-intended and devilish hands.

You really want to believe in your drug.

Get the fuck out of here with your attempts to characterize me as being delusional, when you remain the one who is engaging in what appears to be purposeful efforts to mislead and to fail/refuse to put forth reasonable evidence and logic to back up your pie in the sky assertions.

I stand by my characterization of you. Again you ostensibly have not even read the link which was provided to you several times.

But when I say we are headed into a Mini-Ice age, there is undeniable science making that claim a fact.

You are not saying anything new here... just asserting nostradamus-like woo woo.

There you go again making incredibly stupid and incorrect claims. Exemplifying you have not read the link.

Ditto what I have written about Core.

 Ditto you have said nothing, you ditto head.  

There is a battle going on, and you are not going to reach any kind of meaningful state of stability during a battle that needs a quite a bit of time to play out (and with BIG players, too, attempting to win hearts, minds and finances).

There is not going to be any winning of hearts or political nonsense. There will simply be the removal of real Bitcoin by those who forked off from the hands of those who fork off because they decided they do not want real Bitcoin.

 No factual or logical basis for your stupid-ass assertion.

They were fooled by some drug which promised some nebulous future scalability which isn’t scalability and is actually fractional reserve banking as has already been explained up-thread.

 Your assertions have not been explained with anything even close to approaching adequacy..

Bitcoin exists to destroy everyone who believes in politics. Core is 100% politics. That is why you must tell everyone here that there is no chance that the real Bitcoin will ever force Core to fork off.

You are providing confusing frameworks about who is who... so seems like you are purposefully attempting to mislead, hoping that peeps buy into your purposefully confusing amorphous, titillating and generalizing framework.

You seem highly confused. Reading and comprehending in entirety what is at the link which was provided for you might help, presuming you have the IQ and emotional maturity for assimilating the information at the link.

Because you’re relying on politics to save you.

NOT.  There is math and logic in bitcoin that was started through the whitepaper and carried out through a practice system that has caused decentralized and secure incentives, while allowing players to pursue their own self-interests and the network anticipates that individuals will engage in attacks and distrustful behavior but the system will still be secure based on built-in incentives.

You try to say that we are relying on something that we are not ("politics"), so what you are saying makes no sense... and misleads regarding what is really going on.

You are extremely confused. I explain at the link why Core can only succeed to destroy the real Bitcoin if we presume that the dumb masses are the economic majority. Which is impossible because I even cited research which shows that the top 1% control 34% of the wealth and the top 20% control 80% of the wealth. And the wealth is likely to be even more concentrated in Bitcoin. I already alluded to this up-thread wherein I stated more succinctly that the power-law distribution of wealth is a thing.

You’re relying on fooling the n00bs into using wallets that by default put them on the Core fork without informing them about the true risks and reduction of their security.

People can do whatever the fuck they want, and in the end, they are going to recognize value of bitcoin, including using variations of the latest and greatest of segwit, lightning network, on chain or any other combination of on-chain / off chain that makes them comfortable for their own situation and circumstances.

The value that the wealthy want is to not lose their wealth!

The real Bitcoin is primarily a store-of-value that can’t be fucked with by politically clusterfucked nation-states.

Unlike gold which they can confiscate at every border crossing.

SegWit, Lightening quicksand, and all the politically clusterfucked shit is just more of the same scams of the deluded Westerners. Westerners have become scammers. It is sad.

Furthermore, little by little value migrates over to bitcoin (and gresham's law describes theoretical dynamics) because bitcoin (including its ongoing developments and progress) continues to be the most sound of money/assets with a variety of appealing utility (and ongoing developed use cases) too.

 

Bunny rabbits do not decide the outcome. $billionaires, Schelling points, and maximum security do.

Yes, Schelling points are important,  so it could take time to unravel all of these developments and migration of people and use cases.. but in the end, you are going to be best off keeping a decent stake into bitcoin rather than becoming scared overbullshit and baseless speculation as you, anunymint, would like peeps to feel.

Correct! And that is real Bitcoin, not this Core scam altcoin shit.

Here we go again.If you want to be significant, make a pull request and not make your self another clown in here. I can smell your stink. You need glade too?

[HairyMaclairy]

If you are going to be a bcash lol shill, at least be entertaining.  

[babanana]

Here we go again.If you want to be significant, make a pull request and not make your self another clown in here. I can smell your stink. You need glade too?

WTF does a pull request have to do with:

Correct! And that is real Bitcoin, not this Core scam altcoin shit. Again I have no objection to Core making a fork of Bitcoin or even a soft fork as they have done, but the scam part is they do not disclose the true security risks and just herd the n00bs into default wallet settings wherein the n00bs think they are hodling real Bitcoin but they are instead hodling a soft fork altcoin that can in the future be hardforked off of the real Bitcoin.

If you are going to be a bcash lol shill, at least be entertaining.  

Are you readers so fucking deluded that you cannot see I have linked to the real Bitcoin which is version 0.5.4 of Satoshi’s protocol and I have stated now for the 6th time in this thread that I do not advocate big blocks nor any scammers who attempt to change (the game theory of) Satoshi's protocol and pretend it is real Bitcoin. That includes all the scammers, such as Roger Ver, Core, etc..

Altcoins are fractional reserves of real Bitcoin. Remember Gresham’s law. Altcoins will circulate, real Bitcoin will not.

Wtf. If you are even 1% of what you say how good you are, code it, make a pull request. Otherwise shut up and open your own thread and spread your stink there. This is Bitcoin Wall Observer BTC/USD - Bitcoin price movement tracking & discussion. Your stink don't belong here.

[jojo69]

the JJG overcomer has appeared

the prophecy has been fulfilled

woe and pestilence is upon the land

[mindrust]

If none of you quote him, he will go away. (hopefully) Just put him on your ignore list.