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

[Asrael999]

So have bitmain cancelled their September mining conference yet?

[Last of the V8s]

Hmmm talk on Twitter of a monster hidden buy wall on BFX @ $6300.  

I hope y’all are wearing a belt.  Maybe do it up a notch tighter just in case.

He's bought around 5k coins by now and is single-handedly holding up the price.

Hidden walls cost more in fees.

Confident non-stop accumulation by bot-rape.

Bullish af.

[BTCHadzija]

the downtrend is still intact on the daily, I wouldn't call it an reversal before we hit at least above 6550 which would mean a higher high swing

[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. 

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!

It already happens, though - when you short (as I am sure people here do on occasion), as you 'borrow' Bitcoin to sell.   The Exchange credits or debits accordingly - but the numbers are in a database, no coins are in your personal wallet under your private key.   It's not a big step for an institution to 'lend' coins it has custody over, or lend them twice and for these coins to have more than one owner.  Some exchanges have done this before and some probably still do.  Not all the people want all their bitcoins back at once, so there are always some spare in the cold wallet.

Yes, you or I will always want to have our coins under our own key.  It has always been essential for us to do so.

But other investors would probably rather not.  Institutions can just 'credit your account' with Bitcoin they do not actually have, as banks do with fiat all the time - thus increasing the supply of Bitcoin out there (on paper).  ICE and Bakkt will be custodians of people's coins (how nice of them) and the ability of them to 'use' the coins to make money by rehypothecating them will be part of their business model.

You may not be gullible, but if others accept paper custodianship, then Bitcoins can be rehypothecated and (more) Bitcoins will be bought and sold that do not exist.  ICE are big enough to do this in a much bigger way and the market for Bitcoin may well become just like all the other markets.

And there will be far, far more bitcoins being traded out there than actually exist.

[bitserve]

Walls of nonsense text and unrelated repetitive images everywhere... wtf?

At least the price is rising, so everything is fine.

Oh, and to add my grain of salt to the offtopicness: Never (ever) buy a cheap UPS even if you are on the low budget hodler's "diet".

[diesmaster]

Hey Mark J, Mr-dead

I want to reach out to you but your inbox is not enabled for newbie's Direct Messages.
Could you please enable this?
Thanks in advance.

[holzer]

Looks like Bitcoin is ramping up. 8K by the end of the weekend.

[fragout]

Come on bears. Keep piling on the margin shorts. I'm sure no bulls will notice those growing future buy orders stacking up.  

Shorts approaching the highs of April 11th. The squeeze occurred on the 12th

[LFC_Bitcoin]

Looks like Bitcoin is ramping up. 8K by the end of the weekend.

I think so too, bears being tossed onto the bonfire by the end of the weekend.

[El duderino_]

^^
Mmm don’t think bob is busy with putting fake things.... but Why ignore? Just opinions of shit that you can easy scroll by.....
When i would double post something always know its not on purpose , i am surely No computerWizard as Many in here

[Phil_S]

Looks like Bitcoin is ramping up. 8K by the end of the weekend.

I think so too

Hope so. I don't want to be so poor that I still have to work. It's a scary world out there...

[LFC_Bitcoin]

Looks like Bitcoin is ramping up. 8K by the end of the weekend.

I think so too

Hope so. I don't want to be so poor that I still have to work. It's a scary world out there...

Fuck me, that’s depressing.
I remember working in an office in my late teens & when there was a meeting or somebody important came in, being asked to ‘put the kettle on’.

Now in my early 30’s & financially healthier than all of them in that office combined probably. Suppose I might need a slave gardener one day or something. I might look one of them up

[xhomerx10]

Looks like Bitcoin is ramping up. 8K by the end of the weekend.

I think so too

Hope so. I don't want to be so poor that I still have to work. It's a scary world out there...

Fuck me, that’s depressing.
I remember working in an office in my late teens & when there was a meeting or somebody important came in, being asked to ‘put the kettle on’.

Now in my early 30’s & financially healthier than all of them in that office combined probably. Suppose I might need a slave gardener one day or something. I might look one of them up

 You think that's bad?  Where I work, we have to carry this chart:



 After you use it a few times it starts to get pretty rank.  It's not even plastic coated.  By lunch time, I'm smelling like R Kelly's sheets.


 

[BTCMILLIONAIRE]

Is everyone on everyone else's ignore list over here? The fuck happened during my brief absence?

[mymenace]

do not know

Nuclear explosion?  

[Gyrsur]

Is everyone on everyone else's ignore list over here? The fuck happened during my brief absence?

we should establish an open database where everyone can see who has who on it's ignore list.

guess we need an user with higher privileges for that.

https://bitcointalk.org/index.php?action=profile;u=%userID%;sa=ignprefs

https://bpip.org

EDIT: my ignore list so far because I don't want to read my own posts. (no, it's not working.)  

[Millionero]

Is everyone on everyone else's ignore list over here? The fuck happened during my brief absence?

When the cat's away, the mice will play.

[jbreher]

Even more disappointed re: the drop in BCH value. Though I've been buying, so I have more net BCH.

How do you feel about Bitmain holding Satoshi-plus sized bags?

I'll admit, I am conflicted.

I worry about one entity holding that much value.

OTOH, it reassures me that Bitmain has such a large commitment.

I know the local narrative is that Bitmain shit the bed on this. I can see several ways, however, that this works out well for my position - in working out well for Bitmain. Time will tell.

I know wouldn't it be 2x better if they held twice as much!?

comprehend moar. bloviate less.

oh.... and: usernamechecksout

[jbreher]

thanks JJ exactly what we needed a wall of text and discussion on topic to hide the truth

Does shitposting hide what they do not want you to see?

The mind reels at the irony.

[jbreher]

Shall we play a game

knock yourself out. I'm not interested.