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

[BTCMILLIONAIRE]

If the drop were due to the ETF being delayed then shitcoins would not be dropping so much. Since it's BTC getting the ETF, not shitcoins.

Shitcoins have no fiat pairing. So if Bitcoin bleeds they bleed by default. The apparent fiat bleeding for shitcoins triggers people to flee the shitcoin markets to get out into BTC, fiat and/or stable shitcoins, which causes further collapse. Then once BTC starts climbing again, more shitcoin FOMO money flows into BTC, which is yet a third cause for shitcoins to collapse. There are as always exceptions, but they are manipulated, hyped, or just the ultra-rare coin that happens to have delivered something.

After this scenario we'll get to what the goose has claimed, namely the bull-run leading up to 2020 or whatever new current year.

[ivomm]

Another difficulty increase today. Between 7 and 11%, I am not sure how exactly, sites report differently. Somewhere I read that bitmain tests with new chips failed, so he will continue to sell s9's. But who will buy them? Even with 0.03$ electricity, there is rent and other costs. The profit is below 1$ per asic now if there is any at all. This of course will put the ROI at the very distant future. If the saying that price follows hashrate is true, we might expect some sick pump later this year. 

[El duderino_]

https://www.ccn.com/game-over-for-bitcoin-claims-bearish-technical-analyst/

and the fuckers jumping right up on it (advice of shorting BTC right now)      ...... just want BTC to punch them all in the face as in right now .....

[HairyMaclairy]

Oooh that’s nice and bearish. Maybe the bottom is close after all.

[Elwar]

I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.

This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.

The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.

We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.

[BTCMILLIONAIRE]

Oooh that’s nice and bearish. Maybe the bottom is close after all.

Was about to say, time to take out another mortgage.

I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.

This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.

The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.

We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.

Isn't the average user generally just a follower? As much as I'm sure that there are some, I can't think of an example where the average user/consumer actually drives anything without being coerced to do so in one way or another.

[Elwar]

https://www.ccn.com/game-over-for-bitcoin-claims-bearish-technical-analyst/

and the fuckers jumping right up on it (advice of shorting BTC right now)      ...... just want BTC to punch them all in the face as in right now .....

Analysis by some Wall Street analyst that was on "awesome investor list" back in 2014.

If this guy is such a great investor, did he see the bitcoin price rise coming in 2014 when he was at the top of his game? Was he advising people with his analysis to buy bitcoin?

If not this guy's outlook on the future is shit.

[marcus_of_augustus]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Is that a real animal?

it looks like a juvenile of a species from the Galaxiidae family of freshwater fish ... native to NZ (and a few other s. hemisphere countries). Colloquially know as whitebait and considered a delicacy.

[HairyMaclairy]

Pop goes the weasel

[BTCMILLIONAIRE]

Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?

Is that a real animal?

it looks like a juvenile of a species from the Galaxiidae family of freshwater fish ... native to NZ (and a few other s. hemisphere countries). Colloquially know as whitebait and considered a delicacy.

Ah, I've had whitebait before in Japan, although those were much much smaller which threw me off. Either that or the scale in the background is not 0.5 cm per square like I'm used to. Or perhaps NZ whitebait is overall larger the ones in Japan, or Japan uses them even younger. Uhh.

[El duderino_]

Oooh that’s nice and bearish. Maybe the bottom is close after all.

probably with that kind of articles

[Torque]

Go and share this in every shitcoin telegram group you are in.
(Than shame yourself, why you are in a shitcoin telegram group?)

Funny how the payment is made in Bitcoin and not in other shitcoins. I guess Bitcoin is the thing that is valuable, eh?  

[BTCMILLIONAIRE]

Go and share this in every shitcoin telegram group you are in.
(Than shame yourself, why you are in a shitcoin telegram group?)

Funny how the payment is made in Bitcoin and not in other shitcoins. I guess Bitcoin is the thing that is valuable, eh?  

I still see it as the new USD, while others will be more akin to foreign currency or equity. You generally don't seek payment in stocks, but in USD. Bitcorn won't be different and the parallels are quite interesting. One set of people coming up with money and another group copying them with their own version. It's quite funny how everything in life just repeats itself.

[kirreev070]

[Syke]

13. it's not on Binance
lolwtf CZ listing all the shitcoins as if there is any difference between turds

Absolutely, https://en.wikipedia.org/wiki/Bristol_stool_scale.

[bitcoinPsycho]

this one never gets old




go bitcoin go

[hodl_2015]

Ah, I've had whitebait before in Japan, although those were much much smaller which threw me off. Either that or the scale in the background is not 0.5 cm per square like I'm used to. Or perhaps NZ whitebait is overall larger the ones in Japan, or Japan uses them even younger. Uhh.

Based on the 5 and 10 intervals, it should be a 1mm grid in the background.
Making the eye transparent would not work since it would collect stray light from everywhere, so it opted for the next best thing: make as reflective as possible.

edit: No one is selling at stamp. buy just 3400 BTC and the price will be at $20k.

[turtletime]

Do you guys still consider ethereum an altcoin?

[bones261]

Do you guys still consider ethereum an altcoin?

Yes, it is an alternative to BTC. That makes it an altcoin.

[jojo69]

Do you guys still consider ethereum an altcoin?