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

[HairyMaclairy]

Scott Nations of CNBC teaches us how to short.  

As I write this the price is $6312.

[JayJuanGee]

Come on JJ how is that AI working, too difficult to respond

you been activated

btrash in the can, any advice

We already talk about bcash too much in this thread, including your stupid-ass repetitive bot posts.

The reason that you are having difficulty understanding or responding to complexity is because AI has not come along well enough for your to camouflage your bot-ness.

[El duderino_]

Just woke up and WOW what a brutal pump     

[JayJuanGee]

Just woke up and WOW what a brutal pump     

little by little wins the day, as some famous WO thread canadian might say.   

[JayJuanGee]

The absolute state of this thread.

Yes.. you are so amazing.

Thanks for sharing. 

[bones261]

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

[DaRude]

Anyone factor in what happens when btrash goes bust?

It's a chance to corner BITCOIN market, i'm sure it won't be hard to find some companies to throw few millions/yr at it to keep it at 1-5% of BTC. Kinda like playing lottery on a corporate scale, chances are practically non existent but payoff is h'UUGE!

Yes but i believe Roger will fall before it happens, how quick he would have to gain more favours is lessening each day

Roger is a PR face that Chinese miners need, plus he also has his own vested interest in it so it's a win/win combo for them. Is 1-5% of BTC a fall? Think BITMAIN can sustain that and continue to cater to outliers, and position themselves as a "hedge" to diversify into for idiots whenever BTC rallies. China has deep pockets maybe they decide to go with 1GB blocks and China will bank roll them, who knows

[ivomm]

[HairyMaclairy]

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.


Edit:   I can see what looks to be a floor forming @ $6311.  This could be a whale call for an explosive short squeeze. I would target $6700.   

[ivomm]

This thread is beginning to really annoy me lately  

(A dozen or so pages back)

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:

I put HM, mymenace, r0ach, etc. on ignore long ago. I thought that picture is funny. Not as much as your fake bitmex rekt pics of course. But hey, not everyone is wise enough to manipulate the people by posting gloom and doom fake rekt twitter pics, each time bitcoin loses 1%. I know that you are a bcash shill but nothing can stop that shit going down, not even the almighty Wu, not to mention your lame efforts 
P.S. You definitely deserved putting you back on my ignore list 

[JayJuanGee]

This thread is beginning to really annoy me lately  

(A dozen or so pages back)

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:

I put HM, mymenace, r0ach, etc. on ignore long ago. I thought that picture is funny. Not as much as your fake bitmex rekt pics of course. But hey, not everyone is wise enough to manipulate the people by posting gloom and doom fake rekt twitter pics, each time bitcoin loses 1%. I know that you are a bcash shill but nothing can stop that shit going down, not even the almighty Wu, not to mention your lame efforts  
P.S. You definitely deserved putting you back on my ignore list  

You would reasonably be accurate to accuse Bob of being a self-absorbed attention whoring pussy, but I don't think that there is any evidence that he is a bcash shill.  

Maybe you are getting him mixed up with someone else?  unless you have some examples of such from him?

[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.