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

[Elwar]

Great opportunity to buy into a wall or

Sell down a lot

Bitstamp wall

https://www.bitstamp.net/market/order_book/

The big walls usually indicate the direction the price will go. Toward the wall.

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[Last of the V8s]

https://www.whitehouse.gov/presidential-actions/executive-order-regarding-establishment-task-force-market-integrity-consumer-fraud/
https://www.coindesk.com/lawmakers-to-discuss-if-crypto-is-the-future-of-money-next-week/ ( https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=403735 )

[HairyMaclairy]

So the new consumer fraud task force has the same mandate as the SEC but no regulatory power. Nice.

[Rosewater Foundation]

I feel desperate in these uncertain times.

That usually means you didn't take enough profit in the good times. I felt really bad about the bitcoin that I sold at 1000 when this thing was 20,000 but at times like these I feel so much better having taken some good profit at 15,000. I know I'm a terrible hodler but taking profit at the tops makes it so that I'm not really stressed at all at the bottoms. It's probably worth it to be stress free.

Also, to anyone who is feeling down in the dumps about the current price action, I recommend downloading the Bitcoin Lightning Network app on your android phone and playing with it. Doing this has made me very excited about the future of bitcoin and reaffirmed my long term bull expectation. Paying a penny for something and having it be super easy and super fast and unbelievably cheap transaction fee is just fun to do.

[El duderino_]

Most of the times When i’m on a holiday or trip .... i was used of all green markets but last few months on Thailand and now here its only dip Dip DIp And DIP  
Al the unknown Just wants to be sure if i’m a true hodler i think.....  

[Rosewater Foundation]

dip Dip DIp And DIP 

[El duderino_]

dip Dip DIp And DIP 

Hodl HOdl HODl and HODL me guess

[Rosewater Foundation]

*Rosewater screams internally*

[Last of the V8s]

[Rosewater Foundation]

^funny. But a rescuer died tho

[Rosewater Foundation]

I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair. I will avoid falling into a bottomless pit of despair.

[JayJuanGee]

Wtf it is 8100 right now what is happening there?

WEX currently has 20% withdrawal fees on USD and EUR, after they removed a few offramps. It was normal until last week, then slowly went to 9%, then 15%, then 20% today.

Notice that as withdrawal fees approach 100%, everything will moon. May or may not be a wexit scam after the exchange may or may not have been sold.

so many new exchanges have popped up... there will be a big elimination coming... trust the old ones, those who never been hacked and let the suckers do the debugging and join the quest for the best DEX.

What are you saying, exactly here?  

WEX is a rebranding of BTC-e, so of course, they have a long history, and surely their last episode was a bit of a shocker with the US Government getting into their system and seizing some of their assets (but seemingly not the crypto)... WEX already had a really decent opportunity to perform an exit scam... so, it seems doubtful that they would do an exit scam...

Of course, some WEX skeptics would assert that they are just engaged in ongoing milking of their customers, and the exit scam will come at some later point, when there is no more customer funds to milk.  Perhaps, perhaps, perhaps?

I have 21,000 NMC on WEX.

I've tried so hard to get them off the exchange but have come to accept that I will never get them back.

At current NMC/BTC prices, that is about 40 BTC, no? 

Did you lose verification of your WEX account, because you can withdraw tokens, no? 

I recall that in July 2017, the US Govt seized BTC-e assets, and it took a bit more than a month for WEX to grant access to previous accounts.

I think that there was some ease of access to the new accounts as long as your log-in still worked, and for certain accounts, they required additional verification, I believe mostly if for some reason you had lost access to your previous account - like you lost your password or there was some desire to increase your limits or to deposit/withdraw fiat.  Personally, I thought that a large number of users could have gotten by without increasing their verification, as long as their old log-in still worked and was transferred over to WEX - that was the case with me.  My old log-in caused me to be able to generate a new password (under their new password system) and then to be able to access all of my balances from my previous BTC-e account - except there was a rebalancing of about 40% or whatever it was for the socializing losses situation that they promised would be paid back 100% - within no later than 2 years, and many of those have not been paid back, yet (about 1 year later).  So, I am thinking that there must have been some specific issue with your account that raised questions about whether you needed to increase your verification or whether you could prove your identity.. or did they fuck up your ability to access in some other way? or were there some other circumstances that you are able to pinpoint?

I personally have been able to deposit and withdraw BTC from their system, and I have not gotten any increased verifications beyond my previous BTC-e access credentials.

[HairyMaclairy]

40 BTC is worth getting some help recovering if you can’t get it yourself

[Last of the V8s]

It's 4.3btc, but still.

[Elwar]

Wtf it is 8100 right now what is happening there?

WEX currently has 20% withdrawal fees on USD and EUR, after they removed a few offramps. It was normal until last week, then slowly went to 9%, then 15%, then 20% today.

Notice that as withdrawal fees approach 100%, everything will moon. May or may not be a wexit scam after the exchange may or may not have been sold.

so many new exchanges have popped up... there will be a big elimination coming... trust the old ones, those who never been hacked and let the suckers do the debugging and join the quest for the best DEX.

What are you saying, exactly here?  

WEX is a rebranding of BTC-e, so of course, they have a long history, and surely their last episode was a bit of a shocker with the US Government getting into their system and seizing some of their assets (but seemingly not the crypto)... WEX already had a really decent opportunity to perform an exit scam... so, it seems doubtful that they would do an exit scam...

Of course, some WEX skeptics would assert that they are just engaged in ongoing milking of their customers, and the exit scam will come at some later point, when there is no more customer funds to milk.  Perhaps, perhaps, perhaps?

I have 21,000 NMC on WEX.

I've tried so hard to get them off the exchange but have come to accept that I will never get them back.

At current NMC/BTC prices, that is about 40 BTC, no?  

Did you lose verification of your WEX account, because you can withdraw tokens, no?  

I recall that in July 2017, the US Govt seized BTC-e assets, and it took a bit more than a month for WEX to grant access to previous accounts.

I think that there was some ease of access to the new accounts as long as your log-in still worked, and for certain accounts, they required additional verification, I believe mostly if for some reason you had lost access to your previous account - like you lost your password or there was some desire to increase your limits or to deposit/withdraw fiat.  Personally, I thought that a large number of users could have gotten by without increasing their verification, as long as their old log-in still worked and was transferred over to WEX - that was the case with me.  My old log-in caused me to be able to generate a new password (under their new password system) and then to be able to access all of my balances from my previous BTC-e account - except there was a rebalancing of about 40% or whatever it was for the socializing losses situation that they promised would be paid back 100% - within no later than 2 years, and many of those have not been paid back, yet (about 1 year later).  So, I am thinking that there must have been some specific issue with your account that raised questions about whether you needed to increase your verification or whether you could prove your identity.. or did they fuck up your ability to access in some other way? or were there some other circumstances that you are able to pinpoint?

I personally have been able to deposit and withdraw BTC from their system, and I have not gotten any increased verifications beyond my previous BTC-e access credentials.

I bought the NMC a long time ago when they were very cheap. Kept them on btc-e because they weren't really worth much (compared to my BTC).

Before they were seized (about half a year before) I went to log in and pull them off as the price was up a bit and they were actually worth something.

But my account had been frozen due to not logging in for a year. They had a long verification process I had to go through to get logged in. I followed it. I move countries all the time so proof of residence is never easy for me. There was back and forth until they asked for a passport (I had given them my Korean drivers license). Once they saw that I was American all communication stopped. I was in a never ending ("processing") holding pattern.

Nothing I can do to get it unlocked. They have everything they need. A few of us are trying to track down the owners. The only way I see getting it back is through not so nice means.

"You applied for verification. Wait for approval."

About a year with that message.

[JayJuanGee]

Everything is roses. Why are you people always so down? We're still up from a year ago. Or whatever

How am I going to sell enough Bitcorn to support myself and Rick, both, for early retirement, at these prices ?!??

Everything IS NOT OK, man.

You were right to sell when you did. Alas, you probably should have unloaded the whole bucket and never looked back.

Live and learn?

For long term BTC hodlers and accumulators, I frequently question the reasonableness of "whoa is me," assertions, because the level of our current correction - a bit above 70% from the high point (and within about 7 months), remains totally within reason, especially if you consider that the BTC price appreciation was about 78x from $250 in 2 years, and with current prices in the $6,100 arena, we are still up about 24x. 

But gosh, we should not expect necessarily to have forever up without corrections or attempts to weed out weak hands, yet whether there is going to be more down or not is surely not a given.. so we do not know, but even the $1,300 to $3,000 scenarios are not without reason, even though currently, they seem to be far from a given...   So yeah, if guys and gal is fretting about being able to maintain themselves at these prices, there may be a need to sell some coins.. so we can weed the remainder of the weak hands.

[JayJuanGee]

- In 5 months we've had a triple bottom with a great support at $5800
- Most of the altcoin markets are already down by 90% and lower
- There are blockchain projects that are so undervalued as a result of the bear market that I'm tempted to rob a bank just so I can buy some extra bags
- The twitter "influencers", a.k.a. shitcoin pump and dumpers have been eliminated
- The telegram pump groups and the youtube crypto analysts that were spamming the shit out of us have disappeared as well

Your grandma, your hairdresser, the gravediggers and the McDonalds workers have capitulated a long time ago.

What you see in the chart below is not people selling their bags in desperation, it's just whale day traders liquidating each other with the power of margin, otherwise, you cannot explain rationally the trading pattern. I mean, it's sideways trading for a few days (sometimes weeks) followed by green/red dildo candles. Capitulation doesn't happen this way.



All in all, I find these to be positive signs. Bitcoin is still lower in market cap than Jeff Bezos's wealth. I'm patiently waiting for the next bubble.

I remember when you used to be an irritating and seemingly ongoing negative nancy trolling bear.

Something must have happened to you, because in recent times, you seem to have transformed and have been truly dropping pearls of wisdom upon us.   Go figure?

[Rosewater Foundation]

"whoa is me," assertions

[Rosewater Foundation]

I remember when

We're being trolled to hold. It's like shooting fish in a barrel, because we're all fanatics. Do you see?

[JayJuanGee]

Caution: Mempool rising.

I don't see it.  Currently, estimated BTC fees low and estimated transaction times fast...

We seem to be in ongoing great shape...

If a mempool attack had been in the works 12 hours ago, there seems to be little to no effect 12 hours later.