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

[HairyMaclairy]

One word.
SHORT.

Already started scaling out of my short in profit.  

[d_eddie]

I'm also in (slight) profit, but getting out would be rushing it for me. I'm still trying to build the short up one bite at a time.

EDIT My timing this round was just lucky. As soon as I closed the BTC hedging short, she got up a little. I didn't reopen it, but I replaced it with a short on BCH. Not of the hedging type, though...

[El duderino_]

via Imgflip Meme Generator

[kirreev070]

Winners: serveria.com, xhomerx10, xyzzy099

Trophie for everyone.

This is true of all who guessed, but the one who gave the right answer first got a little more.

[El duderino_]

running around in a bathrobe..... the dude would always have been a hodler

[El duderino_]

Reason for Bcash pump

https://www.coindesk.com/bitcoin-mining-giant-bitmain-files-ipo-prospectus-in-hong-kong/

The fuck does their Ipo have to do with a huge reliance on a complete shitcoin that can bankrupt them? Call me confused.

Bitmain has to pump its bags so it can exit.

Is this organic growth?

BCH,pumping.... this aggression Will not stand man

[crypmike]

https://twitter.com/PeterLBrandt/status/1044914302535127040

I doubt that we could have any confidence that the resolution of this matter is necessarily UP.

There seems to be a continued and ongoing drag on the BTC price potential, and that is a seeming need to shake some of the froth out of alt coins.  Perhaps some of that alt froth shaking dynamics is already priced into the BTC price charts, but I question how that could be?

No any confidence, this is just one of many different models which were appeared in this internet past days

BUT... alts looks quite bullish. And they affect the market mood in general. MM know smth or want something rn and that's why alts are pumping and that provides more confidence to BTC

[Rosewater Foundation]

Meanwhile, we're at a 72 on the Rosewater fear index.

  Isn't it the Rosewater salience index?

Huge Nazi pump and dump. Hitler. Buy weed stalks and stfu already.

[Astargath]

Reason for Bcash pump

https://www.coindesk.com/bitcoin-mining-giant-bitmain-files-ipo-prospectus-in-hong-kong/

The fuck does their Ipo have to do with a huge reliance on a complete shitcoin that can bankrupt them? Call me confused.

Bitmain has to pump its bags so it can exit.

Is this organic growth?

BCH,pumping.... this aggression Will not stand man

First XRP now BCH. I feel like BCH always gets pumped, Ive never seen BCH experience organic growth. Even in 2017 BCH had stupid moves even for that time.

[DaRude]

Reason for Bcash pump

https://www.coindesk.com/bitcoin-mining-giant-bitmain-files-ipo-prospectus-in-hong-kong/

The fuck does their Ipo have to do with a huge reliance on a complete shitcoin that can bankrupt them? Call me confused.

Bitmain has been bcash's life support from the beginning, and they started to run out of bitcoins to support bcash. Going IPO means they're raising more capital, which they'd undoubtfully burn to continue propping up bcash.

[Searing]

Can’t stand the f****** Btrash pump , my lesson start in 45min, hope to see a big RED dive when i’m done .....

I have a 'timeline' right now to cash all my BCH out from my 'free money' drop on the fork after Jan 1st, 2019.

I would do it this year, but as I wrap up mining, still killing it (on paper), thus would be best to do it on next years

income (w/o mining) ..I retired 3 years early due to crypto. (then again jan 14th 2018 when I made the decision to do so

BTC was 2x plus more!) (timing: i have it, it usually just sucks)

anyway, by above post you can bet that bch will tank to ZERO on my into next year cash at least 1/2 out plan. (it's how I roll)

brad

you are such an ongoing negative nancy.   

Where else could you have such fortune to be in more than 20x profits, at least if we consider that BTC was priced largely in the mid $200s for a decent majority of 2015?

BCH is NOT going to go to zero anytime soon; however, even if BCH does another 90% drop in price, that is merely a luck of the draw collateral risk - it is NOT your main investment, so letting it roll could be icing on the cake, or it might not, but either way, it seems to be a kind of icing on the cake - and even you seem to frame BCH (and your other alts) in that kind of way.

By the way, even though frequently, you seem to be nearly as scared as rosewater, at least you have largely moderated your investment in order to NOT apportion too much of it towards alts, and you have held through some of the more difficult times - and likely could have been tempting to sell except for your subliminal bullishness seems to be quite stronger than Rosewater's and therefore causing you to HODL rather than eating randomly found chocolate while stuck in the cupboard with little to no plan.   

well more than a bit of that was in jest....so I get where you are coming from....just saying, have a plan to dump the BCH for retirement reasons rathter than BTC next  year....i guess I need to be less tongue in cheek...(although.....my timing on selling does usually suck)

sorry you took it as such

but hey, solves my dipping into BTC hoard, vs the altcoin hoard (which may be depleted at these prices by march 2019) so hell its not much of a plan

but BCH dump is a better plan than BTC dump

so it goes....(will preface if I go off on a whimsy)

brad

[Hueristic]

https://twitter.com/Bakkt/status/1044567318771232769

I still don't exactly understand what BAKKT is about. The difference between SEC ETF and BAKKT ETF is that SEC ETF will use USD as their base currency but BAKKT will be using BTC, and because of that difference, BAKKT will have to buy Bitcoin (instead of USD) to pay their customers, right?

Bakkt is institutional money operated exchange that is licenced where as CBOE and CME are futurs contracts that never have to buy BTC!

This is a cool read.

https://www.bloomberg.com/view/articles/2017-12-21/bitcoin-billionaires-may-have-found-a-way-to-cash-out

Circle is a sellout

Circle is Goldman Ballsachs, wallstreet personified.

Today Circle and the CENTRE open source consortium introduced a service to tokenize US dollars and use those dollars over public blockchains on the internet: USD//Coin, also known as USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches (subject to the token’s compliance controls), and redeem USDC tokens and cash out to bank accounts.

wtf is this shit? You can use my cryptocurrency but you have to follow the compliance controls to ensure the US government can track your every move. But it's so much better because your dollars are now digital! And centralized! And not really a cryptocurrency. And not really a currency.

QFT.

...

anyway, by above post you can bet that bch will tank to ZERO on my into next year cash at least 1/2 out plan. (it's how I roll)

brad

I'm looking forward to your post after (or before?) this.

[RealMachasm]

Reason for Bcash pump

https://www.coindesk.com/bitcoin-mining-giant-bitmain-files-ipo-prospectus-in-hong-kong/

The fuck does their Ipo have to do with a huge reliance on a complete shitcoin that can bankrupt them? Call me confused.

Bitmain has been bcash's life support from the beginning, and they started to run out of bitcoins to support bcash. Going IPO means they're raising more capital, which they'd undoubtfully burn to continue propping up bcash.

Just like a degenerate gambler, ends up going all in and loses it all instead of cashing out with losses.

[Phil_S]

A little less conversation, a little more action please!

[JayJuanGee]

I doubt that we could have any confidence that the resolution of this matter is necessarily UP.

There seems to be a continued and ongoing drag on the BTC price potential, and that is a seeming need to shake some of the froth out of alt coins.  Perhaps some of that alt froth shaking dynamics is already priced into the BTC price charts, but I question how that could be?

I think from external influence it could resolve up but I dont see it near term.    Dollar being seen to have broken any positive trend it might have, would lend positives to any inverse like Bitcoin tends to be.  
  Right today the FED put rates up, overall its not possible for rates to rise to their correct level (above inflation) because of long term debt due.   But in perception at least, FED is strong Dollar which the market will back up and tariffs and that whole deal seem to also have favoured Dollar.  In effect tariffs are not good for dollar imo but the proof takes much longer then initial reactions and speculation

Brandt might be saying something smart but his historical reference took years to play out.   Again that decade revolved around a big change to dollar at the start of the 70's

Even though we are in a BTC/USD tracking thread, most of us participating in this thread recognize that there are a lot of factors that affect the BTC price besides the value of the dollar or the strength of the dollar, even though the value and strength of the dollar is one of the factors.

[JayJuanGee]

Can’t stand the f****** Btrash pump , my lesson start in 45min, hope to see a big RED dive when i’m done .....

I have a 'timeline' right now to cash all my BCH out from my 'free money' drop on the fork after Jan 1st, 2019.

I would do it this year, but as I wrap up mining, still killing it (on paper), thus would be best to do it on next years

income (w/o mining) ..I retired 3 years early due to crypto. (then again jan 14th 2018 when I made the decision to do so

BTC was 2x plus more!) (timing: i have it, it usually just sucks)

anyway, by above post you can bet that bch will tank to ZERO on my into next year cash at least 1/2 out plan. (it's how I roll)

brad

you are such an ongoing negative nancy.   

Where else could you have such fortune to be in more than 20x profits, at least if we consider that BTC was priced largely in the mid $200s for a decent majority of 2015?

BCH is NOT going to go to zero anytime soon; however, even if BCH does another 90% drop in price, that is merely a luck of the draw collateral risk - it is NOT your main investment, so letting it roll could be icing on the cake, or it might not, but either way, it seems to be a kind of icing on the cake - and even you seem to frame BCH (and your other alts) in that kind of way.

By the way, even though frequently, you seem to be nearly as scared as rosewater, at least you have largely moderated your investment in order to NOT apportion too much of it towards alts, and you have held through some of the more difficult times - and likely could have been tempting to sell except for your subliminal bullishness seems to be quite stronger than Rosewater's and therefore causing you to HODL rather than eating randomly found chocolate while stuck in the cupboard with little to no plan.   

well more than a bit of that was in jest....so I get where you are coming from....just saying, have a plan to dump the BCH for retirement reasons rathter than BTC next  year....i guess I need to be less tongue in cheek...(although.....my timing on selling does usually suck)

sorry you took it as such

but hey, solves my dipping into BTC hoard, vs the altcoin hoard (which may be depleted at these prices by march 2019) so hell its not much of a plan

but BCH dump is a better plan than BTC dump

so it goes....(will preface if I go off on a whimsy)

brad

Seems to me that you were kind of exaggerating your negativism, and my response was kind of exaggerating too (why you should NOT be so negative), in order to use you as a kind of punching bag for humor.. and to attempt to beat out any potential bearish sentiments.

You have to admit that you sometimes present your situation as a bit dramatic and exaggerate the peril when in fact, our bitcoin situation does not tend to be in as bad of a situation as you make it out to be, especially in recent times with our nearly 80x pump that brought us back down into the 25x price arena.

You had been saying that you have to wait until after the beginning of the year in order to sell, so perhaps anytime between January and March 2019 would work, so you do have a BCH selling window... but who knows how many more pumps BCH has within them in the coming months? 

In September 2017, when BTC began to pump after the BCH hardfork, many of us BTC maximalists would NOT have anticipated that BCH would have survived and maintained value in the 10% arena as long as they have.

Nonetheless, the bcash pumpers may have a few more cards up their sleeves at least to maintain some BCH value in the coming 4-6 months or so during the window in which you would prefer to sell your BCH stash.

[El duderino_]

via Imgflip Meme Generator

Don’t know About you Guys , but i’m not a good ski , i had my first ski vacation last year in december and enjoyed it.

So almost there, ski season is coming soon.
I remember last year ..... BTC was pumping @that time, maybe iT will again this season 

[Totscha]

via Imgflip Meme Generator

Don’t know About you Guys , but i’m not a good ski , i had my first ski vacation last year in december and enjoyed it.

So almost there, ski season is coming soon.
I remember last year ..... BTC was pumping @that time, maybe iT will again this season 

Tried once. Hit my ass. Never had the temptation to try again...

[El duderino_]

^
Last year i also die it my first “real ski holliday” and its not easy , had to take private lessons Every morning..... many falls offcourse , but much progress as well

[serveria.com]

via Imgflip Meme Generator

Don’t know About you Guys , but i’m not a good ski , i had my first ski vacation last year in december and enjoyed it.

So almost there, ski season is coming soon.
I remember last year ..... BTC was pumping @that time, maybe iT will again this season 

Picked up a knee injury last winter. Funniest thing is that I didn't crash or fall or similar was just going too fast down a steep hill and my knee couldn't handle the load...  getting old...