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

[HairyMaclairy]

While you peasants were busy being peasants, I made 14% today on ADT

Good for you.  How much did you lose on your other bags?  Actually, don't answer that.

Edit:  Glad you are enjoying your ADT

[strawbs]

I am inclined to believe that the menace is genuine mental illness. Crypto attracts more than its fair share.

My opinion is his posts should be deleted. I don't want him to slash his wrists or anything, but there comes a point where a guy needs to be tranquillised.

Even on ignore his posts are taking up half of my screen space.

[kurious]

https://www.imdb.com/title/tt7215388/ https://youtu.be/oQGpdgV_ifI
An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you've never heard of.
Lots of parallels to crypto shenanigans

A good doco (well spotted) but you can't help the feeling of deja vu: 

Massive corporate fraud to rip off ordinary people and the ones who make the money don't give a shit and don't even think it's doing anything wrong.

It's just 'normal', nothing changes. Business as usual. No one goes to jail.

Yes depressing stuff, but I think bitcoin will eventually bring about an honest business climate again. Reputation will be everything, and con-men and idiots will have nowhere to go, except prison or the woodchipper.

The system lapped up the ICOs (and why not - free money) but they don't like Bicoin yet.  They will when they can fractionally reserve it.  Look further into ICE / Bakkt, they want to find a way. 

You do good research, V8.  When you get a moment, check this podcast on what ICE 'may' mean - it's worth a listen:

https://itunes.apple.com/us/podcast/why-ice-bakkt-news-makes-some-crypto-investors-nervous/id1347049808?i=1000417570519&mt=2

ICE wont be stopped by the SEC, they own the fucking NYSE (and 22 other exchanges). It might not all be good news they are looking to get into Bitcoin. 

And before you say 'Bitcoin can't be in a fractional reserve situation' think again.  Because it actually could. 

[realr0ach]

I am inclined to believe that the menace is genuine mental illness. Crypto attracts more than its fair share.

My opinion is his posts should be deleted. I don't want him to slash his wrists or anything, but there comes a point where a guy needs to be tranquillised.

You guys are dumb as a rock if you can't tell "mymenace" and "bitunlocker" are low-level, paid govt/JIDF shills (same thing).  They're operating WORD FOR WORD out of the cointelpro 101 handbook as I already posted before:

Step 1)  Create bogus persona

Step 2)  Post a bunch of jibberish

Step 3)  Get another guy to post more jibberish and start quoting and arguing with each other

You cannot be in intel and be 10x dumber than the target you're trying to infiltrate/disrupt.  You guys are dumb as fucking turnips.  This is why the Jews are going to be utterly destroyed.  They make believe they're the smartest guys in the room while being mentally deranged retards with Tay Sachs disease.

They aren't here spamming this thread because of bitcoin.  Too many high level members of the evil cult of Judaism shill FOR bitcoin like Larry Summers, Ben Bernanke, and their shabbos goyim servants like Jack Dorsey.  They're here spamming this thread because they get upset when people talk about their Jewish crime syndicate and specifically name the Jew as being responsible instead of some meaningless word like "globalists" that doesn't implicate anyone.

[Icygreen]

Just want to say "BIG THANKS" to all the posters making quality contributions today, there's been plenty. You know who you are.

[goldkingcoiner]

While you peasants were busy being peasants, I made 14% today on ADT

Good for you.  How much did you lose on your other bags?  Actually, don't answer that.

Edit:  Glad you are enjoying your ADT

Thank you!

I lost a lot actually. But I think we can all agree the speculation game is why we are here and its damn fun.

[Elwar]

Just want to say "BIG THANKS" to all the posters making quality contributions today, there's been plenty. You know who you are.

yw

 

[Icygreen]

https://www.imdb.com/title/tt7215388/ https://youtu.be/oQGpdgV_ifI
An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you've never heard of.
Lots of parallels to crypto shenanigans

A good doco (well spotted) but you can't help the feeling of deja vu: 

Massive corporate fraud to rip off ordinary people and the ones who make the money don't give a shit and don't even think it's doing anything wrong.

It's just 'normal', nothing changes. Business as usual. No one goes to jail.

Yes depressing stuff, but I think bitcoin will eventually bring about an honest business climate again. Reputation will be everything, and con-men and idiots will have nowhere to go, except prison or the woodchipper.

The system lapped up the ICOs (and why not - free money) but they don't like Bicoin yet.  They will when they can fractionally reserve it.  Look further into ICE / Bakkt, they want to find a way. 

You do good research, V8.  When you get a moment, check this podcast on what ICE 'may' mean - it's worth a listen:

https://itunes.apple.com/us/podcast/why-ice-bakkt-news-makes-some-crypto-investors-nervous/id1347049808?i=1000417570519&mt=2

ICE wont be stopped by the SEC, they own the fucking NYSE (and 22 other exchanges). It might not all be good news they are looking to get into Bitcoin. 

And before you say 'Bitcoin can't be in a fractional reserve situation' think again.  Because it actually could. 

Um... Like I'll be accepting an IOU piece of paper to represent bitcoin. It was done on metals but I'm not so sure the people are that gullible for the same trick.  Its interesting to see how ICE wants a piece of the pie. They sure as hell wont send my money to anything crypto related as I found out a couple weeks ago while trying. Ha Bullish!

[JayJuanGee]

Did anyone pay attention to the transactions?

https://www.blockchain.com/btc/unconfirmed-transactions

Is that money going out, or money going in?

Who gives a ratt's ass if it is going in or out?    You cannot determine by merely looking at pending transactions whether they are going "in" or "out"

If there are more buys than sells, then they are going in, and if there are more sells than buys then they are going out.  So in that regard, the price will go up if there are more buyers than sellers and down if there are more sellers than buyers, so in that regard, you can identify short term trends, but still insufficient data merely based on the level of the unconfirmed transactions.

Did anyone pay attention to the transactions?

https://www.blockchain.com/btc/unconfirmed-transactions

Is that money going out, or money going in?

Mempool is growing. Transactions happening. Fees still pretty cheap...for now. https://jochen-hoenicke.de/queue/#1,24h

Thanks for that link Syke.... Looking back we can see that there was a short term spike.  Perhaps an unsuccessful attempt at a spam attack?

[33bitcoin]

Shorts getting wrecked.

[JayJuanGee]

[WHERE THE MARKET WILL GO?]
Based on the "wave" of the Dominance chart we have three hypotheses about the bottom of the Fibonacci number
Currently in Case 3,% Dominance can reach 56.7% before the market recuperate

Why would one indicator matter?

That market dominance indicated is a bit manipulated anyhow, so you cannot really rely on it - except you can see a correction that seems to be hitting more heavily on the alts rather than BTC - but a mere trend is not going to provide much help with predicting the future BTC price direction, is it?

[JayJuanGee]

I just wanted to let you all know, that I'm secure enough with myself to admit, that I have absolutely no idea what is going on with Bitcorn prices.

What a ride though. Crazy wild swings.

I can't imagine the financial carnage Bitcorn has caused people trying to play the markets.

isnt this what we signed up for? the wild ride?

i mean who wants to be bored.

Volatility is my friend. Every round of priceDownUp puts another bit of BTC and BCH in my pocket. As long as the long term trend remains up (long term as in 4-year cycle), I am a happy camper.

Sorry to say that your BTC might have to support your BCH habit... and your remaining attached to those bcash bags may all work out in the end.  Perhaps?  Perhaps?

[JayJuanGee]

$6000 seems to be holding a little too falsely to me. Got to be manipulation holding us arund this range, no?
The price fell all too easily from $8500 to $5800 but recovered to above $6000 (just about) but we’re holding here by literally $5 - $100, why?

My conspiracy driven mind tells me we’re being played by whales who are still accumulating at these prices before we begin the next bull run.

It just seems so artificial clinging onto $6000 for dear life & not showing any sogns of crashing significantly below it or pulling away & going up.

Bigger forces at play here, this is not just ‘the market’.

your implication that we cannot really know what is going on behind the scenes with any kind of certainty is not without precedent.

Of course, if whales could push the BTC price down more without giving up their own coins, then they are likely to attempt such.

Even though the time frames in 2015 were different, but we spent a considerable amount of the whole year of 2015 in the $200s and there were continued attempts to bring the BTC price down, but at a certain point, they ran out of sellers.

Yeah, we keep revisiting $6k, and none of us know for sure if $6k is going to hold - but we have been here quite a bit, and we continue to return to around this price range.  At some point, there are likely to be more buyers than sellers in this price range and at prices much higher than this, but I still think that it could take awhile to break above $10k and to stay there.  Would be nice if we could get into the $10k striking range in the coming months, but seems to me that the odds are not really better than 50/50 in that regard, perhaps even in the 40% arena?  Surely, I like surprises, especially upwards, but we should continue to prepare ourselves mentally and financially in case it takes longer than expected to get back above $10k.

[mymenace]

Rats, rats will be hunted

do not trade, no negotiation, hodl

Be lions, be ferocious

[bones261]

Shorts getting wrecked.

That is the ultimate in stupid for someone margin shorting in a bear market and still getting REKT. 

[Anon136]

I liked some of your posts and links and stuff before. I was your advocate even when others were souring on you. But looking back over the last half dozen pages you seem like you are losing it.

[JayJuanGee]

$6000 seems to be holding a little too falsely to me. Got to be manipulation holding us arund this range, no?
The price fell all too easily from $8500 to $5800 but recovered to above $6000 (just about) but we’re holding here by literally $5 - $100, why?

My conspiracy driven mind tells me we’re being played by whales who are still accumulating at these prices before we begin the next bull run.

It just seems so artificial clinging onto $6000 for dear life & not showing any sogns of crashing significantly below it or pulling away & going up.

Bigger forces at play here, this is not just ‘the market’.

This is my opinion, and has always been. The game is rigged and the only winning move is to not play, ie. HODL.

Bitcoin will become [a/the] major global currency, and everyone knows it (especially the haters).

Your advice is really incomplete, and I don't really know what you mean with your assertion of "rigged."  Actually, the "rigged" concept seems like quite a bit of incomplete bullshit. 

I agree with any point that you might be making that whales (especially bear whales) are going to attempt to manipulate the price down as much as they are able to manipulate it down, but that mere fact does not mean that the long term situation is "rigged." 

In other words, bearwhales might not want to sell their own coins in order to manipulate the price down, especially if they are not confident about their ability to get the price to go down, so they attempt to get others to sell their coins.

You do realize that we are at quite less than 1% world-wide adoption of bitcoin, and accordingly, there continue to be a lot of peeps who are just finding out about bitcoin and wanting to take some kind of stake in bitcoin.   Those peeps cannot HODL.  They have to figure out a reasonable buying strategy to get a stake into bitcoin.

  Even people who have been in bitcoin for a considerable amount of time might not be content with the amount of bitcoins that they have, and those people might be attempting to accumulate coins, too, and HODL is not going to work to accumulate coins.

I agree that once you have established a decent sized BTC stash that reasonably fits your own circumstances, then at that point, HODL can be a very good plan, but HODL by itself is likely incomplete for a large number of peeps, especially given our continued low level of actual adoption which continues to justify various means to attempt to accumulate BTC.

[josephpogi]

not sure but i want to say bullish!

[Anon136]

Almost transparent, but has taken time. The who is who of the zoo makes it difficult.

but this is certain, the monsters have been found, the resources required are endless

I have been forsaken, gone lost, my goal is beyond bitcoin

for me my resources are fine, for mine my resources are no less than a dynasty

that is a lot of bitcoin

Dank, is that you?

[HairyMaclairy]