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

[jbreher]

If I was a big risk taker I'd go all in bcash right now, then dump when Jbear shows up.  

dump. dump now.

...too early, you're not riled up enough. You will be full of blocksize debate right at the top.

In order to debate blocksize, somebody has got to be the topic starter. If it has not become clear to you by now, I shall state it plainly. Since flipping the switch about a year ago, I never initiate such conversations within this thread. I only pick up the mantle when I see obvious false claims.

[buyandhold]

blah blah blah false claims blah

[bitebits]

"Bob, why can't Bitcorn just go to $20k USD ? And then I can retire and live happily ever after with you..."

I don't know how to respond.

If he can retire @20k, quite likely he can retire today. Just change the consumer lifestyle. Some blogs if you are interested:

http://www.mrmoneymustache.com/
http://www.mrmoneymustache.com/category/mmm-classics/
https://www.theminimalists.com/

[cAPSLOCK]

Rick was pretty despondent this morning, as he was packing his belongings into the Turbo before heading into the office.

"I don't know how I can last another year at this job, man"

I pulled him close to me and hugged him. His beautiful red hair, cold and damp, fresh from the shower, resting against my cheek. A subtle hint of lavender wafting through the air from his skin-cream.

"It's just a bad season for Bitcorn, honey. I'm doing everything I can to help the price. I'm running a lightning node. I'm shitposting on the Wall Observer thread. I'm sitting on my hoard like some fabulous gay Smaug wearing a rainbow-tutu. I don't know what more I can do, baby..."

A tear began to well up in his eye.

A longing, proud jealously, of the life of freedom I live, while he is forced to be away from me - sometimes finding me asleep by the time he returns home - I can see it beginning to take its toll on him.

"Bob, why can't Bitcorn just go to $20k USD ? And then I can retire and live happily ever after with you..."

I don't know how to respond.

I open another beer.

Well damn.. you dudes are not gonna need a pre-nup.

[withlove99]

Refer :

BTC / USD - 1/8/2018
BTC should test the area 83-84 before deciding the next trend.
If the force is strong enough, the price will be over 9k

[RealMachasm]

Rick was pretty despondent this morning, as he was packing his belongings into the Turbo before heading into the office.

"I don't know how I can last another year at this job, man"

I pulled him close to me and hugged him. His beautiful red hair, cold and damp, fresh from the shower, resting against my cheek. A subtle hint of lavender wafting through the air from his skin-cream.

"It's just a bad season for Bitcorn, honey. I'm doing everything I can to help the price. I'm running a lightning node. I'm shitposting on the Wall Observer thread. I'm sitting on my hoard like some fabulous gay Smaug wearing a rainbow-tutu. I don't know what more I can do, baby..."

A tear began to well up in his eye.

A longing, proud jealously, of the life of freedom I live, while he is forced to be away from me - sometimes finding me asleep by the time he returns home - I can see it beginning to take its toll on him.

"Bob, why can't Bitcorn just go to $20k USD ? And then I can retire and live happily ever after with you..."

I don't know how to respond.

I open another beer.

Sounds like the beginning of a Mills and Boon novel!
Hopefully it will have a happy ending. 😃

[STT]

Would that be elliot wave based thinking or just momentum, long term balance

It's very concerning that ripple reached the #2 spot behind bitcoin.  I hope this scam centralized shitcoin ends up failing.

Its more concerning to me that people believe Ripple reached #2 or that the ranking and perceptions are so loose that ripple get this high without actually making ground breaking real revenue and usage.
My guess is that most of ripple market cap is not true value.  Its probably the case in any real market these valuations have to be tested and its inevitable the market tries to break every side to the box its placed in.  This is what the sceptics are waiting for that the natural course is destructive then genuine growth

stop being utopists, centralized always win

Centralised might have a bias towards cheaper costs and certainty because its lacking the main benefits of the whole standard which is to avoid bias to people or powerful bodies who usurp a capitalist market.
Centralised should win if people have found no value in avoiding bias to politics, to a certain nation or people or the inertia of generational wealth.  If its no use to avoid all that then we go back to a central standard and even if dollar or yen or euro did fail it might be a central fixed gold standard, could be anything.  SDR is one actor waiting in the wings, kinda partially gold backed via IMF/UN

[Hueristic]

At least one child dead in ICE detention camp from neglect:

https://www.ibtimes.com/child-dead-ice-detention-center-due-negligent-care-immigration-lawyer-2704521

Update: 9 a.m. EDT — The department of Immigration and Customs Enforcement has put out a statement on Twitter saying that the report of a child dying while under their care in a detention center in Dilley, Texas, is not true.

Well damn.. you dudes are not gonna need a pre-nup.

We're more legally intertwined than you could imagine.

1st cousins?


[Reddit] $415 Million Long liquidated (largest ever) on Okex and it has not been covered

https://www.reddit.com/r/CryptoCurrency/comments/93jjuw/415_million_long_liquidated_largest_ever_on_okex/

[xhomerx10]

Well damn.. you dudes are not gonna need a pre-nup.

We're more legally intertwined than you could imagine.

1st cousins?

... I mean... On a genetic level, I'm not sure how that's even possible. 

 The imaginations in this thread are above average based on what i've seen.  You could at least humour them with a couple of tidbits

[sirazimuth]

beecash  .1btc

litecoin   .01btc

eos       .001btc

The manipulators are trying to make the math easier...

[El duderino_]

Going to do Some less Mills gritt (work out ) very intensive.....
so at least my heartbeat Will pump the fuck  

[Biodom]

The imaginations in this thread are above average based on what i've seen.  You could at least humour them with a couple of tidbits

He's my father's brother's nephew's cousin's former roommate.

Spaceballs! [one of my favorites]

[cAPSLOCK]

The imaginations in this thread are above average based on what i've seen.  You could at least humour them with a couple of tidbits

He's my father's brother's nephew's cousin's former roommate.

That... is not legal in Texas.

[HairyMaclairy]

Reddit was hacked. 

Vector:  SMS 2FA....

[JayJuanGee]

stop being utopists, centralized always win

That's the $21 million dollar question, right?

Bitcoin is an experiment of decentralization in the extreme.

There is no other decentralized project that even approaches it's level of decentralization while including decent network effects.

All other coins have some centralization aspects that are much greater than bitcoin's.

So, whether utopian or not, the future is going to show us whether bitcoin continues to progress in a significant way, remains decentralized and continues to attract value into it as the most sound of monies.

There does not need to be any kind of SLAM DUNK win for bitcoin to be successful. Bitcoin is already successful, and continues to be a great investment.  Each of us retains the prerogative to diversify into other coins and other assets to the extent that we believe that we need to hedge our bets, and even as the various systems evolve.  

So far, when considering both upside potential and downside potential (if you really understand some of these potentialities) bitcoin seems to be the best of the investments and a great place to place and keep value.  Personally, I hold back a little bit of the value that I place into bitcoin, and I certainly attempt to keep a decent amount of short term value in fiat related value in terms of both real world practicalities of being prepared to pay bills (such as 6-12 months worth), and the reality of the matter remains that fiat continues to dominate with bitcoin only having less than 1% of the word participating in it - and even those who participate in bitcoin are less than gung ho, and part of their weak-handedness creates additional downward volatility in bitcoin (which is likely to continue for at least 5-10 years into the future).

Don't get me wrong, we are likely to continue to experience both upwards and downwards BTC price volatility, and likely a large reason why we don't go to the moon or mars or pluto in the near future is because there remains a lot of misinformation about bitcoin, and a lack of confidence from the plebs.. surely Devs can continue to build on bitcoin during this slower and down BTC price time in order to better and better prepare bitcoin for greater and greater adoption with the passage of time... no need to hurry because we are solidly on the road, and the movement of the population into bitcoin is seemingly inevitable as long as bitcoin retains its sound money status (and decentralization seems to be part of the BTC sound money value proposition).

[Hueristic]

The imaginations in this thread are above average based on what i've seen.  You could at least humour them with a couple of tidbits

He's my father's brother's nephew's cousin's former roommate.

Is this him?

[Ibian]

Bill Clinton is a rapist.

yeah that video of him bragging about grabbing them by the pussy
was pretty degrading....

...oh wait a minute, I'm all confused. That was a different POTUS ...my bad....

Is that a request for the vid where Billy is grabbing a flight attendant by the pussy, and she very obviously does not like it? Cause we can go there if you want.

[HairyMaclairy]

Could the $400 Million Liquidation have been an elaborate whale trick to create synthetic Put option for 0 premium abusing OkEX socialized loss and liquidation system ?

Imagine this :

• With one account, accumulate little by little a large long position, filling the asks of multiple of your own other accounts in order to stay discreet on the leaderboard. You are then hedged with both Long and Short positions at the exact same price.
• Once you are big enough, push the leverage to the max on the one big position by withdrawing BTC and transfering them to your hedge short accounts.
• Eventually, the over-leveraged big position get liquidated on next significant move down. Obviously since the position is so big, the order at bankruptcy price stays unfilled, especially since when BTC dumps, it dumps fast.
• Starting from there, you are left with your accounts on short position. Two things can happen :
   * The price go back up to your liquidation wall. Then before it gets eaten, you buy into it with your shorts. You then exit all your positions at breakeven (minus transaction fees) since the profit from your short is then at the same price than your bankruptcy price on your long.
   * The price go down : that's when it gets interesting. Your short keep giving you profit while the loss you were supposed to have with your long hedge is paid with socialized loss (since you can't lose more than what you have on one account) in the form on an unfilled liquidation, and the difference between the liquidation price and the settlement price being paid by socializing losses/insurance funds.

So in short, if someone did this, he would profit as long as BTC goes below 8020 (the wall's liquidation price), and if BTC goes over that he loses 0 (only transaction fees).

So basically a put option, except if someone really did this, he would have paid 0 premium for them.

Am I being conspirationist here or could this have been possible ?

https://www.reddit.com/r/BitcoinMarkets/comments/93k2h9/could_the_400_million_liquidation_have_been_an

[Ibian]

At least one child dead in ICE detention camp from neglect:

https://www.ibtimes.com/child-dead-ice-detention-center-due-negligent-care-immigration-lawyer-2704521

Now compare and contrast to the number of dead kids under the same circumstances during Obama.

[HairyMaclairy]

Bill Clinton is a rapist.

yeah that video of him bragging about grabbing them by the pussy
was pretty degrading....

...oh wait a minute, I'm all confused. That was a different POTUS ...my bad....

Is that a request for the vid where Billy is grabbing a flight attendant by the pussy, and she very obviously does not like it? Cause we can go there if you want.

As the forum resident leftie, can we just be clear that Bill Clinton is also piece of shit?