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

[rhomelmabini]

   

Please go up  ^{^} and never back down again. 

[1715327255]

1715327255

[1715327255]

1715327255

[1715327255]

1715327255

[Icygreen]

   

Please go up  ^{^} and never back down again. 

bitcoin Speculation goes up and bitcoin Speculation goes down. Enjoy your ride!

[El duderino_]

via Imgflip Meme Generator

[infofront]

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.

I don't know any details about the IPO, but I guess the new stakeholders won't be happy to burn fiat to save bcash. If I were old money, I wouldn't put any "real" old money (fiat) into an enterprise without being granted a reasonable degree of control.

The current bcash pump is just to pump up Bitmain's Q3 balance sheet IMO.

[d_eddie]

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.

I don't know any details about the IPO, but I guess the new stakeholders won't be happy to burn fiat to save bcash. If I were old money, I wouldn't put any "real" old money (fiat) into an enterprise without being granted a reasonable degree of control.

The current bcash pump is just to pump up Bitmain's Q3 balance sheet IMO.

As Hairy too suggested. And I agree. They can't even hint at burning money to pump bcash long term. Their investors wouldn't like it a single bit.

Furthermore, if I were an investor considering the IPO, one question I would ask would be about their supposedly valuable crypto reserves. How much of that is bcash? If I were an investor who's got a clue, I mean.

[goldkingcoiner]

We should make a list of dates for the BCH dump. Or a poll.

Do you guys like Deribit? I only just got into it but the interface is so confusing. I can't set the leverage? Is it always on 100x? Someone explain cross margin and sub accounts to me.

I have never used Deribit, so I don't know about sub accounts. The term "cross margin" usually refers to the fact that your margin (deposited funds) is shared among all open positions, so the actual effective leverage depends on your total margin amount and the total size of all your positions - basically, total_positions/total_margin.

I actually also have my doubts too, as it is only in beta... So I am guessing isolated margins are what the sub accounts are for... And while I hate Bitmex for its shitty overloading and "dox" times when nobody can get to their positions while they get liquidated during a mysterious dump or pump, or the ADL, I still think its the better option right now.

If only they would get better hardware and fix their shitty overloading issues. How hard can that be? Obviously they don't want to.

[bones261]

We should make a list of dates for the BCH dump. Or a poll.

October 1 2018 at midnight China time.

[RejectedBanana]

Would someone please chip in a few bucks for the cause and bring us over $6500, please? Thank you.

At $6500, we are ~13% off bottom (@$5775) and ~13% from crossing the daily 200 MA (@$7375).

Purgatory.

[Astargath]

Would someone please chip in a few bucks for the cause and bring us over $6500, please? Thank you.

At $6500, we are ~13% off bottom (@$5775) and ~13% from crossing the daily 200 MA (@$7375).

Purgatory.

I'd rather look at the last higher low which is 7429$ on Bitfinex. We have crossed the 200 MA a few times already and it was pretty worthless.

[Icygreen]

We should make a list of dates for the BCH dump. Or a poll.
Nah, not in this thread anyway but you might suggest it over at r/BTC for the lulz

Do you guys like Deribit? I only just got into it but the interface is so confusing. I can't set the leverage? Is it always on 100x? Someone explain cross margin and sub accounts to me.

I have never used Deribit, so I don't know about sub accounts. The term "cross margin" usually refers to the fact that your margin (deposited funds) is shared among all open positions, so the actual effective leverage depends on your total margin amount and the total size of all your positions - basically, total_positions/total_margin.

I actually also have my doubts too, as it is only in beta... So I am guessing isolated margins are what the sub accounts are for... And while I hate Bitmex for its shitty overloading and "dox" times when nobody can get to their positions while they get liquidated during a mysterious dump or pump, or the ADL, I still think its the better option right now.

If only they would get better hardware and fix their shitty overloading issues. How hard can that be? Obviously they don't want to.

Even the exchanges have no idea where this beast is going on the short term. Down time seems strategically planned for of some of the exchanges.  I used to dabble trade on poloniex until it became obvious to me.  Bitstamp has never gone down on me (and they also don't offer leverage)  but I'm not really here for the short term trading anyway.

[bitcoinPsycho]

lmao

http://http://

I trust this man. go bob go




it's Satoshi's brother

I always got a kick outta watching that white dude with an afro slap paint on a canvas with a 4”wide brush
like it was the side of a house, and have it magically turn into some random cool mountain lake landscape.

here we make no mistakes, only happy accidents

lol  no coins?

[crypmike]

Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds

https://cointelegraph.com/news/austria-to-use-ethereum-public-blockchain-to-issue-135-bln-in-government-bonds

[RejectedBanana]

Would someone please chip in a few bucks for the cause and bring us over $6500, please? Thank you.

At $6500, we are ~13% off bottom (@$5775) and ~13% from crossing the daily 200 MA (@$7375).

Purgatory.

I'd rather look at the last higher low which is 7429$ on Bitfinex. We have crossed the 200 MA a few times already and it was pretty worthless.

We may have crossed the 200 EMA but we have not crossed the 200 MA since March. EMAs put too much emphasis on recent data IMO and are agreed of less worth.

In each of the last three cases, if we had reached the previous "higher low", we would have breached the 200 MA. The band is getting narrower and narrower.

Once we do breach, might send a pretty bullish signal.

ps. $6500! Thanks for whoever chipped in.

[Wekkel]

Where is 200MA now?

[Icygreen]

Where is 200MA now?

About $7350
https://www.tradingview.com/symbols/BTCUSD/technicals/

[HI-TEC99]

Would someone please chip in a few bucks for the cause and bring us over $6500, please? Thank you.

At $6500, we are ~13% off bottom (@$5775) and ~13% from crossing the daily 200 MA (@$7375).

Purgatory.

I'd rather look at the last higher low which is 7429$ on Bitfinex. We have crossed the 200 MA a few times already and it was pretty worthless.

Zooming out to the two year view on bitcoinity makes me feel better. We are over 10x above the $601 bearstamp two yearly low.

[jojo69]

the flippening is nigh

[d_eddie]

We should make a list of dates for the BCH dump. Or a poll.

October 1 2018 at midnight China time.

Please pick one choice only.

A. You're too cynical!

B. I think so too.

[bitcoinPsycho]

the flippening is nigh

bcash idiots are like

[Phil_S]

Where is 200MA now?

About $7350
https://www.tradingview.com/symbols/BTCUSD/technicals/

And going down... But it might stabilize at $7200 in October.