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

[mymenace]

It looks like Bitcoin is doing a bit better, we have been down to the 5000s twice and bounced, and another time at 6400 and bounced. So, it does seem like that price area could be a (hopefully the) bottom. This last bounce seems a little different to me though then the previous 2, the reason I'm thinking it is different is the Yuan.

When I look back at the 2015/16 charts I wonder why did the price start going up at that time frame. I'm guessing because most of the panic sellers had left and only the true believers remained, also the upcoming halving, and a few other things. But, what sparked the interest from the new buyers? I'm thinking it might of been the devaluation in the Yuan that started substantially in 2015/16.

If this is the case, we could be seeing the same thing now. If you haven't been watching the value of Yuan lately it has been taking, somewhat of a dump, and during this time Bitcoin bottomed for a third time and is now back up to 8000.

Does anyone here think that Bitcoin is still having a large influence from the Chinese?

Nope not really

Nor the multiple other times it was debated



actually ever since 2013 bitcoin looks like this for me




Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16.


Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon

https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/

not yet

[1713892509]

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[1713892509]

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[vapourminer]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

interesting article. thanks.

so i may have the option of taking tax money that otherwise would be paid to the government and more or less wasted and instead pick my own areas and technologies to invest it in instead. and it helps the little guys. im in. although it sounds too good to be true to be honest. and its new and untested. never had a problem with new and untested things before, as long as i can figure risk/reward ratios fairly well.

[bitcoinPsycho]

we progress

[bitserve]

Dude has decided he's going to ragequit his job if/when BTC hits $20k USD.

Dude, WTF?!?!!?

Oh relax.

Nothing wrong with some healthy skepticism. Can't go losing our heads yet over a nice couple day run.

When it hits $20k, you can spam my mailbox all day with "Neeneer Neener Told you so !!!", mkay ?  

Deal 

[somac.]

Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16.


Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon

https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/

not yet

Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things.

The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin.

 

[mymenace]

Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16.


Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon

https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/

not yet

Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things.

The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin.

The Chinese work as decentralized large nodes

competing against each other
great for bitcoin
Everybody confuses it with One entity, whereas though I am sure the state gets something

Whats scary is when you start hearing of miners being paid off and corrupted to switch bitcoin to BCH, but thats only a rumour

[HairyMaclairy]

Oh cock.

When you haven’t looked at the price for an hour and you open your phone and it’s gone up by $200.  

I remember that feeling.  

[lightfoot]

Indeed. I woke up early this morning, watched the buy/sell right around 8,000 (with a 8 coin wall to boot) then fell asleep. Open my eyes again, more money!

I like this.

[fragout]

A few hundred more and then a pullback to $8K + would be ok right now.

[HairyMaclairy]

Next resistance point is around $8500 from memory. 

[Torque]

Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16.


Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon

https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/

not yet

Well I believe Roger and Craig are fuckwits, so they could of contributed, but that was a big bubble so no doubt the bear market had a lot of contributors. Why do you rule the Chinese out as buyers though? I am not saying they are solely responsible and I know that the Chinese control the market is pure bullshit. But, that doesn't mean they can't contribute to these things.

The Chinese obviously have a lot of money and if you look at the worlds housing markets you can see that they are very keen to get their money out of China. Despite the capital controls they are still able to do this with ease I might add. So, why wouldn't they be trying to escape a devaluing currency? that's what I'm doing with Bitcoin.

The 2013 bubble run ups happened almost exclusively due to the Chinese exchanges driving it, they had a super small market to work with, thin float (low liquidity), and massive amounts of leverage (X1000) going on at the time. That's why the volatility was so high. The massive leverage was the key, and a lot of that leverage was likely naked long/short. All fingers point to the Chinese exchange owners themselves and their super rich whale trader friends running the game. Who else could back that shit but the insider traders themselves?

Of course they had to have accounts on Mt. Gox and some other exchanges as well to help control things. But it's clear the game was largely over for the Chinese when the PBoC first shut down leverage, demanded transparent accounts and reporting, and then shut down the exchanges.

That kind of out of control volatility wouldn't happen the same today (without Bitcoin derivatives that is) because the Bitcoin market is so big now, so many exchanges now so the loss of control, and that kind of massive leverage just not available anymore.

[LFC_Bitcoin]

Forgot what this feels like.

Green dildos everywhere

[somac.]

Forgot what this feels like.

Green dildos everywhere

yeah bit of FOMO going on I think.

[bitserve]

Fine... but we are still poor.

[bitserve]

[LFC_Bitcoin]

Fine... but we are still poor.

Yeah nothing overly exciting but nice to be heading up regardless

[Last of the V8s]

You have to feel sorry for the bears
You have to feel sorry for the altcoin bagholders
You have to feel sorry for the blockchain-not-bitcoin types
You have to feel sorry for the weak hands
You have to feel sorry for the banks
You have to feel sorry for the socialists
You have to feel sorry for the democrats
You have nothing to feel sorry for.

[fragout]

A few hundred more and then a pullback to $8K + would be ok right now.

check .

Consolidate around here for 24 hours and away again would be ok right now

[Last of the V8s]

https://www.trustnodes.com/2018/07/24/bittrex-goes-fiat
https://support.bittrex.com/hc/en-us/articles/360004441491-Fiat-US-Dollar-Trading-Eligibility


https://www.youtube.com/watch?v=m3zvVGJrTP8
Hans Zimmer - No Time For Caution (Interstellar Soundtrack)(Docking)

bonus lol https://www.cryptoglobe.com/latest/2018/07/bitcoin-cash-bch-investors-may-suffer-largest-losses-in-crypto-history-due-to-low-hashrate-and-1-year-tax-benefits/

[El duderino_]

It looks like Bitcoin is doing a bit better, we have been down to the 5000s twice and bounced, and another time at 6400 and bounced. So, it does seem like that price area could be a (hopefully the) bottom. This last bounce seems a little different to me though then the previous 2, the reason I'm thinking it is different is the Yuan.

When I look back at the 2015/16 charts I wonder why did the price start going up at that time frame. I'm guessing because most of the panic sellers had left and only the true believers remained, also the upcoming halving, and a few other things. But, what sparked the interest from the new buyers? I'm thinking it might of been the devaluation in the Yuan that started substantially in 2015/16.

If this is the case, we could be seeing the same thing now. If you haven't been watching the value of Yuan lately it has been taking, somewhat of a dump, and during this time Bitcoin bottomed for a third time and is now back up to 8000.

Does anyone here think that Bitcoin is still having a large influence from the Chinese?

Nope not really

Nor the multiple other times it was debated



actually ever since 2013 bitcoin looks like this for me




Would you believe me if I told you it was Gavin, Craig and Roger, paid shills and associates selling of coins in that 2014/2015 bear market and their new projects started up in 2015/16.


Roger knows Mark who knows the Japanese Finance minister who knows Jamie Dimon

https://www.reddit.com/r/btc/comments/71xpzg/roger_ver_makes_jamie_dimon_an_offer_he_cant/

not yet

BULL's and ROLLERCOASTERS .