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Question: May 18 Bitcoin Closing Price (Stamp):
$0 - 1 (0.7%)
<$5,000 - 7 (4.6%)
$5,000-$5,500 - 2 (1.3%)
$5,500-$6,000 - 0 (0%)
$6,000-$6,500 - 5 (3.3%)
$6,500-$7,000 - 15 (9.9%)
$7,000-$7,500 - 17 (11.2%)
$7,500-$8,000 - 24 (15.8%)
$8,000-$8,500 - 19 (12.5%)
$8,500-$9,000 - 15 (9.9%)
$9,000-$9,500 - 10 (6.6%)
$9,500-$10,000 - 7 (4.6%)
$10,000-$20,000 - 16 (10.5%)
>$20,000 - 14 (9.2%)
Total Voters: 152

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21168260 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (23 posts by 12 users deleted.)
digital_mine
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September 21, 2018, 11:22:16 PM



Rationale:  we are going to stick our head above the trend line again to hunt short stops, and then drop back down again. 

I'm afraid  you are right Sad
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JayJuanGee
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September 21, 2018, 11:23:33 PM
Last edit: September 22, 2018, 12:08:33 AM by JayJuanGee

People should stop hating on XRP, they moved the market and dragged all the other coins into green. ETH is next, and then i hope the fomo begins.
This could be the turning point of the market, when there are rumours that in February that ETF will be approved.

Get the fuck out of here with that nonsense.

Yeah, ripple the leech-pariah happens to get pumped, so fucking what?
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September 21, 2018, 11:55:22 PM

Looking on Bitfinex and there are several 15,000 LTC buy orders all stacked up.  Total is about 50,000 LTC to just go down to 60 dollars.  All I can say is damn, someone really wants LTC to go up. 
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September 22, 2018, 12:01:54 AM

Mini-Flippening!

Ripple (XRP) ‘Flippens’ Ethereum, Becomes 2nd-Largest Cryptocurrency

https://www.ccn.com/newsflash-ripple-xrp-flippens-ethereum-becomes-2nd-largest-cryptocurrency/

ETH has taken it back already Cheesy





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September 22, 2018, 12:05:51 AM

Short squeeze in action now



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September 22, 2018, 12:15:36 AM
Last edit: September 22, 2018, 03:45:18 PM by BobLawblaw

Yep. Here we go.



EDIT: re: "Here we go." LOLNOPE.
HairyMaclairy
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September 22, 2018, 12:22:47 AM

Looking on Bitfinex and there are several 15,000 LTC buy orders all stacked up.  Total is about 50,000 LTC to just go down to 60 dollars.  All I can say is damn, someone really wants LTC to go up. 

Walls are made to be eaten
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September 22, 2018, 12:26:56 AM

I fucked up, when saw it
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September 22, 2018, 12:33:44 AM

Funny
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September 22, 2018, 12:37:33 AM

Short squeeze in action now





I follow @whalecalls on twitter and all I get is OKex info, How do I get this info?

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September 22, 2018, 12:42:11 AM

Whalepool #longterminvestors on Telegram
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September 22, 2018, 02:00:38 AM
Last edit: September 22, 2018, 02:11:10 AM by Gab0

Bitcoin Core Developer Joins Forces With Former Morgan Stanley Exec To Warn SEC
https://www.forbes.com/sites/michaeldelcastillo/2018/09/21/bitcoin-core-developer-joins-forces-with-former-morgan-stanley-exec-to-warn-sec/#338841615baf

Quote
In the letter, published late last night, bitcoin core developer Bryan Bishop, former Morgan Stanley managing director Caitlin Long, e-commerce coding pioneer Christopher Allen, founder of Ernst & Young’s blockchain team Angus Champion de Crespigny and fund manager attorney Gavin Fearey warned the SEC against certain types of enterprise adoption.

Long considered a boon to the cryptocurrency space, the letter argues that enterprise adoption could actually corrupt some of bitcoin’s inherent benefits if not properly overseen. Specifically, the letter warns against practices employed by the Intercontinental Exchange (ICE), which owns the New York Stock Exchange and recently announced its intention to launch a cryptocurrency exchange of its own.

Among a number of recommendations made in the letter, Bryan Bishop, who has been contributing to bitcoin’s core code since 2014, argues that the biggest change the SEC needs to implement is to partner directly with cryptocurrency engineers to develop a new kind of regulation.

...

Specifically, the letter, dated September 19, 2018, argues that restrictions should be put in place on how Bakkt, ICE’s planned cryptocurrency exchange, might handle cryptocurrency when it launches.

In a section headed “We caution against applying rules to digital assets in ways which do not reflect their strengths,” the authors of the letter warn that the traditional financial practice of storing customer funds in a single account would undermine some of the core strengths of cryptocurrency.


Edit: Does the SEC really need to protect bitcoin? Was not the SEC supposed to protect itself from bitcoin?

Edit2: I'm sorry if this was published before.
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September 22, 2018, 02:04:35 AM

So Bitcoin Core has a devastating bug in the code since March 2017 Shocked Huh Also, it appears that every single shitcoin that forked off of Bitcoin core 14.0-16.3 is also going to have to patch things up. We really dodged a bullet here. Hope no other surprises are lurking in the code.  Roll Eyes


Seems a bit ironic that we get some fairly strong negative news about fundamental weakness in bitcoin (sloppy coding), and dodging a bullet, as you put it, bones, and then subsequent to that we get a $200 plus pump.  Hopefully, this is not a bull trap, but surely I can understand forcing the closing of some shorts, and also just a whole bitcoin market dynamic in which bitcoin can go through extended periods of doing the opposite of what seems logical.

This market is completely detached from reality we are firmly in Fake News territory now.


OT: https://medium.com/@Vikebeer/it-looks-more-like-an-oligarchy-to-the-rest-of-us-d561a7d3d74d

Nice wakeup move. It might still be phony. I'm waiting for 7.5k for partial confidence. My SOMA prediction is it will deflate quickly, and we'll get the usual sideways or downward weekend.

Straight Off My Ass predictions - Almost always wrong, almost all the time!

I hear yah and feel the same. For the first time I'm considering grabbing some of that shit usdt just to try for a increase but with my luck I know this would be the time tether would pull their chew and screw. Lol

$6800 was the point I was trying to hit but browser balked on me so I didn't go for it.
Browser came back @6778. Smiley
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September 22, 2018, 02:37:27 AM

So Bitcoin Core has a devastating bug in the code since March 2017 Shocked Huh Also, it appears that every single shitcoin that forked off of Bitcoin core 14.0-16.3 is also going to have to patch things up. We really dodged a bullet here. Hope no other surprises are lurking in the code.  Roll Eyes


Seems a bit ironic that we get some fairly strong negative news about fundamental weakness in bitcoin (sloppy coding), and dodging a bullet, as you put it, bones, and then subsequent to that we get a $200 plus pump.  Hopefully, this is not a bull trap, but surely I can understand forcing the closing of some shorts, and also just a whole bitcoin market dynamic in which bitcoin can go through extended periods of doing the opposite of what seems logical.

This market is completely detached from reality we are firmly in Fake News territory now.

That is NOT the conclusion that I would reach from that data... bitcoin seems to be as real as you can get in terms of sound money and in terms of difficulties that some of the BIGGER players in the traditional financial circles are having to wish that it could be uninvented.

My understanding is thatBTC  price gets pushed in whatever direction the whales perceives is least resistance, and frequently, actual news events are not going to make much of a difference in terms of correlating outcomes, at least not in the short term, except perhaps creating incentives for whales to push the opposite of what is expected.  

So, people come to believe the situation is bearish and they place a lot of shorts on the books, then one or more whales come in and force those shorts to close by pushing the price in the opposite direction that the majority of margin positions (in this case shorts) was expecting.  That is not fake news, but it is a combination of market momentum and some strategic placement of capital by whales in order that they can push the market in their opportunistic preferred direction (at least in the short term), and surely these manipulators are NOT always successful.. .. and sometimes they just completely lose control of the market (e.g. BTC's price direction).

So regular folks (including myself and likely you) should just be prepared for BTC price movements in either direction, and sure they would like to make you and me and other regular folks to become jaded, but if you been in bitcoin long enough, you already have a decent sense that whales can manipulate within certain limited channels and ONLY for certain periods of time, but also from time to time they are also going to lose control of the situation (at least temporarily, which can last for many months), and in these cases, with Bitcoin, the price is very likely to go up and making it more costly for the whales to get back into some kind of short term semblance of control, so many of us non-jaded folks (who have sufficiently studied the space and understand what is going on with BTC fundamentals being strong) are going to profit from our hands NOT being shook by the short term playing around of whales.   

The situation is not fake news.  It's real.
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September 22, 2018, 02:41:03 AM

That is NOT the conclusion that I would reach from that data.

My understanding is that price gets pushed in whatever direction the whales perceives is least resistance, and frequently, actual news events are not going to make much of a difference, except perhaps create incentive for the opposite.  So, people come to believe the situation is bearish and they place a lot of shorts, then one or more whales come in and force those shorts to close by pushing the price in the opposite direction.  That is not fake news, but it is a combination of market momentum and some strategic placement of capital by whales in order that they can push the market in their opportunistic preferred direction.

Good speculation and the correct place for it. I stand by my statement there is a detachment from reality and it is just getting worse and once those EFTs are in it will be nothing but insider trading.
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September 22, 2018, 02:51:41 AM
Merited by Hueristic (1), micgoossens (1)

That is NOT the conclusion that I would reach from that data.

My understanding is that price gets pushed in whatever direction the whales perceives is least resistance, and frequently, actual news events are not going to make much of a difference, except perhaps create incentive for the opposite.  So, people come to believe the situation is bearish and they place a lot of shorts, then one or more whales come in and force those shorts to close by pushing the price in the opposite direction.  That is not fake news, but it is a combination of market momentum and some strategic placement of capital by whales in order that they can push the market in their opportunistic preferred direction.

Good speculation and the correct place for it. I stand by my statement there is a detachment from reality and it is just getting worse and once those EFTs are in it will be nothing but insider trading.

By the way, I was editing my above post while you were making your above response, but I would like to add here that you seem to be quite skeptical of the power of bitcoin.  

Of course, traditionally powerful folks, and especially those who have access to a lot of fiat, are going to attempt to use BTC as their playing ground for as long as they can get away with it, and so there remains a kind of war going on and regular people have not completely lost this role, and the bitcoin community has a lot of vigilence within it.  We are not just the pawns of the rich, as sometimes they would like you to believe yourself to be, and even though ETFs are going to provide more tools for the rich to play around and to manipulate bitcoin, it is also going to both cause bitcoin prices to go up quite stupendously and become a kind of Trojan horse, as some have theorized.... They let bitcoin in and then they are kind of stuck with some of its sound money features that is going to push less sound money to become more sound.
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September 22, 2018, 03:13:42 AM
Merited by JayJuanGee (1)

...So regular folks (including myself and likely you) should just be prepared for BTC price movements in either direction, and sure they would like to make you and me and other regular folks to become jaded, but if you been in bitcoin long enough, you already have a decent sense that whales can manipulate within certain limited channels and ONLY for certain periods of time, but also from time to time they are also going to lose control of the situation (at least temporarily, which can last for many months), and in these cases, with Bitcoin, the price is very likely to go up and making it more costly for the whales to get back into some kind of short term semblance of control, so many of us non-jaded folks (who have sufficiently studied the space and understand what is going on with BTC fundamentals being strong) are going to profit from our hands NOT being shook by the short term playing around of whales.   

The situation is not fake news.  It's real.

I hear ya, basically just creating tokens out of thin air with futures markets should not have affected my attitude as much as it has.

By the way, I was editing my above post while you were making your above response, but I would like to add here that you seem to be quite skeptical of the power of bitcoin. 

Of course, traditionally powerful folks, and especially those who have access to a lot of fiat, are going to attempt to use BTC as their playing ground for as long as they can get away with it, and so there remains a kind of war going on and regular people have not completely lost this role, and the bitcoin community has a lot of vigilence within it.  We are not just the pawns of the rich, as sometimes they would like you to believe yourself to be, and even though ETFs are going to provide more tools for the rich to play around and to manipulate bitcoin, it is also going to both cause bitcoin prices to go up quite stupendously and become a kind of Trojan horse, as some have theorized.... They let bitcoin in and then they are kind of stuck with some of its sound money features that is going to push less sound money to become more sound.

I like your optimism, Thanks for that. Cheesy
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September 22, 2018, 03:39:43 AM

Yeah. What cracks me up is how all y'all jumped down the throats of BCH developers for having a core dev discover a bug in a single (of several) Bitcoin Cash implementation, which was also never exploited.

Shoe's on the other door now. #justsayin

What are you talking about?  Apparently this is a several years long issue that has ramifications on any forks of bitcoin too.  So, it remains a bit unclear about your supposed "gotcha."  

So, I don't know where you get off in some high and mighty righteous in any kind of found bug conversation.

It's not meant to be a gotcha, it is meant to be an observation upon double standards.
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September 22, 2018, 03:58:47 AM

whales

Whales = the composite operator

Quote
Wyckoff, “The market is made by the mind of man, and all the fluctuations of the market and all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Operator, who, in theory, sits behind the scenes and plays a stock to his advantage."

we should consider all market activity as a purposeful operation in which informed interests exert continuing control over stocks and the market. These large interests, such as banks, mutual funds, investment trusts, hedge funds, specialists, and position traders are best thought of as a Composite Operator.

Wyckoff, “imagine a super investor. How would that person handle the situation that is before you? What would that person look like? How would that person feel? What state of mind would your superior investor be in to deal with the situation confronting you?"
http://www.financial-spread-betting.com/trading/composite-operator.html
Quote
Wyckoff felt that an experienced judge of the market should regard the whole story that appears on the tape as though it were the expression of a single mind. He felt that it was an important psychological and tactical advantage to stay in harmony with this omnipotent player. By striving to follow his footsteps, Wyckoff felt we are better prepared to grow our portfolios and net-worth.
https://en.wikipedia.org/wiki/Richard_Wyckoff

I often like to think of it is the entire market is out to get me. Me against one entity, the composite operator..
I think about it as if I were the composite operator, how would I try to trick me out of my satoshis on the exchange, with bull traps, bear traps, fake walls, fake volume etc.
What would I do to trick the little guy out of his money?

Like 4D chess..

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September 22, 2018, 04:16:11 AM

Guys why is the price so low?


Still under $10k.

 Cry
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