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

[JayJuanGee]

Let's all hit the 'buy' button at exactly the same time, k? Short squeeze on 3.

And a 1... and a 2... and THREE! GO!

Let's all set buy orders at our chosen price point between $5,750 and $5,850, and let's all attempt to buy at least .25 BTC (alternatively attempt to buy at least .1BTC).  I am able to comply with the buying at least .25 BTC in that price range.  

If you can buy more, then GREAT, but buy as much as you feel comfortable, even if the amount happens to be less than .1BTC....

I suppose even .01BTC would help, too, if we all "chip in" together.  

My orders are set but even if we all "chip in", I don't think we have a chance to control any price action against TPTB.  I woulda thought that the surge from Turkey might have an impact on price but even that's not playing out very obviously. 

It is possible that you are correct... that is saying that even if each of us could muster up at least .25BTC to chip in to a buy within "the bottom" range, it might not be enough, because maybe we could only muster up 1000BTC or something like that (that's assuming a wall of 4,000 WO fanatics).

On the other hand, I think that the more major problem is getting all of the 4,000 to agree to "buy at least .25BTC within the range."

Even though a seeming majority of us in this thread either HODL or BUYDL the dips, there seems to be a substantial quantity that are engaging in conduct to bet against bitcoin, and there is not much that we can do about those peeps, except with the passage of time, they will hopefully get RECKT into compliance... hahahahahaha.

I personally have more than .5BTC buy orders "in the range," and I have another about 2 BTC on buy order between $5k and $5.7k.  Furthermore, I have an additional about 2 BTC on buy order on WEX between $8k and $5k... but I am starting to wonder if WEX even counts, even though I am a bit confused about how I would get any of my BTC or my USD off of WEX .. seems disabled to me (and maybe it has been that way for over a month now?)

[Icygreen]

Someone else’s goose is cooked.  Bitmain has received $US450 million in funding from investors including Sequoia, GIC, and IDG Capital.

Wouldn't mind seeing their investments burn to the ground.

Pretty sure they're already rekt and praying for one last pump.

[babanana]

This is all Bitmain. The biggest whale. Can turn market wherever direction it wants to.

Feel the wrath of Bitmain!

[HairyMaclairy]

I can promise you Bitmain is shitting themselves right now.  

If they had a choice, they never would have let Bcash lol break the 0.1 peg with Bitcoin.  Instead Bcash lol’s credibility is in tatters.

This is not how you dispose of your bags.

[JayJuanGee]

I can promise you Bitmain is shitting themselves right now.  

If they had a choice, they never would have let Bcash lol break the 0.1 peg with Bitcoin.  Instead Bcash lol’s credibility is in tatters.

This is not how you dispose of your bags.

I will concede that it is looking bad for bcash and for Ethereum, but can we really write either of these coins off?  Maybe we can see that Bitmain's bagholding of Bcash is NOT going too well, but I doubt that it is outside of their expectations, right?  Bcash had been doing quite a bit better than most folks would have expected.. yet maybe in the end, ramifications of the Bitmain bag holding is really negatively playing itself out (in a way that really gives feeling to bitmain) like you suggest?

[HairyMaclairy]

It is bad because anyone with half a brain now knows that Bitmain holds one million Bcash lol that it cannot sell.  This is a massive stock overhang.

https://moneyweek.com/glossary/stock-overhang/


In other news:

[JayJuanGee]

It is bad because anyone with half a brain now knows that Bitmain holds one million Bcash lol that it cannot sell.  This is a massive stock overhang.

https://moneyweek.com/glossary/stock-overhang/

Well, we haven't seed hide nor hair of jbreher or PeterR or any of the other bcash pumpers in recent days to attempt to defend bcash shenanigans (which are seeming to rest heavily on bitmain's books) or even to bash on bitcoin, though bitcoin is also seeming to suffer some price correction because of the ongoing downwards pressures on several alts leading this bottom of the range btc buy support madness.

[goldkingcoiner]

Mr.Bones I want off the ride....

If Bitcoin goes to 1k it will never recover. People are not buying. This is not good.

[BTCMILLIONAIRE]

Mr.Bones I want off the ride....

If Bitcoin goes to 1k it will never recover. People are not buying. This is not good.

If Bitcoin goes to 1k I'll be loading up on Casascius coins.

[DaRude]

This is all Bitmain. The biggest whale. Can turn market wherever direction it wants to.

Feel the wrath of Bitmain!

Whale?  
According to their pre-IPO deck (has it been confirmed? proudhon??) they went from BTC36.877 in Dec to 22.082 in March. That's 3months or 90 days. That means they're burning through BTC164 per day ((36877-22082)/90) at this rate they'd have enough for 134 days (22.082/164)  that would last them till August 12th   thnx for playing

[El duderino_]

Mmmm the morning Shock 

[HairyMaclairy]

[babanana]

This is all Bitmain. The biggest whale. Can turn market wherever direction it wants to.

Feel the wrath of Bitmain!

Whale?  
According to their pre-IPO deck (has it been confirmed? proudhon??) they went from BTC36.877 in Dec to 22.082 in March. That's 3months or 90 days. That means they're burning through BTC164 per day ((36877-22082)/90) at this rate they'd have enough for 134 days (22.082/164)  that would last them till August 12th   thnx for playing

Its true bcash did not turn the way Bitmain wanted it but I would rather not underestimate the machinery of Bitmain.

They have asic miners on almost all coins, disclosed and covert. I can only imagine the control they have on the entire crypto space.

[mindrust]

Let's all hit the 'buy' button at exactly the same time, k? Short squeeze on 3.

And a 1... and a 2... and THREE! GO!

Let's all set buy orders at our chosen price point between $5,750 and $5,850, and let's all attempt to buy at least .25 BTC (alternatively attempt to buy at least .1BTC).  I am able to comply with the buying at least .25 BTC in that price range.  

If you can buy more, then GREAT, but buy as much as you feel comfortable, even if the amount happens to be less than .1BTC....

I suppose even .01BTC would help, too, if we all "chip in" together.  

My orders are set but even if we all "chip in", I don't think we have a chance to control any price action against TPTB.  I woulda thought that the surge from Turkey might have an impact on price but even that's not playing out very obviously.  

... that is saying that even if each of us could muster up at least .25BTC to chip in to a buy within "the bottom" range, it might not be enough, because maybe we could only muster up 1000BTC or something like that (that's assuming a wall of 4,000 WO fanatics).

On the other hand, I think that the more major problem is getting all of the 4,000 to agree to "buy at least .25BTC within the range."...

Mr.Bones I want off the ride....

If Bitcoin goes to 1k it will never recover. People are not buying. This is not good.

If Bitcoin goes to 1k I'll be loading up on Casascius coins.

Pessimism is rising around here.

We are back to February 6 prices. If this doesn't bounce back right now, then yes it will go down to $3k. If you haven't yet already, this might be the right time for you to...

PANIC

The next 24 hours are incredibly critical. Get ready to witness history.

[HairyMaclairy]

They have asic miners on almost all coins, disclosed and covert. I can only imagine the control they have on the entire crypto space.

Fuck em. History will show we broke Bitmain with UASF.  And we can do it again.  

We should all fire up our full nodes as a show of force.

[alevlaslo]

$100 000 to the end of 2018

[xhomerx10]

Article from Aug. 6th - https://ethereumworldnews.com/bitcoin-dominance-drops-significantly-further-worrying-btc-investors/
Karma's a bitch  

[BTCMILLIONAIRE]

Article from Aug. 6th - https://ethereumworldnews.com/bitcoin-dominance-drops-significantly-further-worrying-btc-investors/
Karma's a bitch  

Fuck off. Karma is the finest lady the world has ever seen. Karma is kween.

[DaRude]

They have asic miners on almost all coins, disclosed and covert. I can only imagine the control they have on the entire crypto space.

Fuck em. History will show we broke Bitmain with UASF.  And we can do it again.  

We should all fire up our full nodes as a show of force.

<------ Just take another look at my "Personal Text"

[Elwar]

I just had a chilling thought...

Have all previous ATHs dropped below their previous ATHs?

Did we go below $32 after $266?