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

[Wekkel]

https://preview.ibb.co/iihMde/photo_2018_10_04_11_42_53.jpg

Me discussing crypto with a colleague yesterday....

[1713564802]

1713564802

[1713564802]

1713564802

[Speculatoross]

https://hackernoon.com/10-things-blockchain-isnt-dcb7966d22e5

1. Bitcoin isn’t the biggest scam in history, it isn’t rat poison, and it isn’t dead.
2. Blockchain isn’t a way to increase your company’s stock price
3. Blockchain isn’t a ponzi scheme
4. Cryptocurrency isn’t just for scammers
5. Blockchain isn’t a way for your non-blockchain startup to raise money
6. Blockchain isn’t going to revolutionise your business
7. Blockchain isn’t going to disrupt every industry
8. Blockchain isn’t a way to make sacrifices to Cthulhu
9. Blockchain isn’t a platform for memes
10. Blockchain isn’t useless.

[pönde]

Volume declines. Only  3,7 Billion dollars now.

May happen a dip down. I hope not.

[bitserve]

Same price. Same price. Same price. Same price. Same price. Same price. Same price. Same price.

[xhomerx10]

Same price. Same price. Same price. Same price. Same price. Same price. Same price. Same price.

 I know!
 ...and yet some people consider stagnation a successful trait.



 Morons

[MagicSmoker]

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.
...

Setting aside the tin foil hat stuff, to truly manipulate a market you need deep/liquid derivatives trading (e.g. - options AND futures). See, for example, the overwhelming tendency for the S&P 500 (e.g. - SPX/SPY) to close under its high calls or over its high puts on each expiration (a looser interpretation of "max pain theory"). The exceptions are usually from delta hedging, which occurs when a security's price strays well beyond the high calls/low puts and market makers scramble to buy/sell the underlying, respectively, to close out their underwater options contracts.

Now I'll probably go back to lurking as I've done for the past few months or so.

[ssmc2]

https://www.bloomberg.com/news/articles/2018-10-05/bitcoin-s-rare-month-of-calm-shows-frenzy-turning-into-apathy

Boring, Apathy

The bottom is definitely in or near 

[leetlezee]

Well, at least now we know someone who will accept Bitcoin whether it's 10K or 1K.

[El duderino_]

it was a long NIGHT pffffff  

and watching price a few times today, making me wanna have a few drinks as well today

beeing boring BTC step up your game "WEEKEND PUMP " perhaps

[El duderino_]

many similar charts, common just draw a few with BIG GREEN DILDO'S thank you .

[AR_fan]

Classic bitcoin right now, always worst case scenario happening, its like the coin is thinking, How can I know who truly loves me? How can I know who's only with me for money? so right now scenario is faking a bottom close to 6k to trap most of the speculators before this support becomes a huge resistance and we find bottom way down from here

Bitcoin is very jealous, he only wants the best and strongest and most loyal holders; bitcoin wants someone that truly understand him; bitcoin is testing your loyalty every time; if you like bitcoin you stay with him for life and you love him whatever he does even if he plunges!

BE LOYAL
BE LOVING
BE HERE FOR HIM

[El duderino_]

i will go NUTS when i specially wake up tomorrow night, to watch the mcgreggor-khabib fight, and the action there would be the same as its in BTC these weeks.....

who would win ?    *gotta wake up 3-4 in the night or something or gotta get total rekt on good booze and stay up , mmmm difficult, my current mood is adjusted
                              too BTC lately and thats just beeing bored as F***

[BTCMILLIONAIRE]

@ICORating:

We want to introduce our new general security rating of centralized exchanges. Visit the exchange page and check stats: https://goo.gl/GLvvsi  

I wonder how they assess 233 exchanges for relative security with any accuracy that is meaningful. 

Do they phone them up and ask if they have a 'hack insurance' policy?  And a good guard dog..?

Pretty sure they just make up shit so they can create a site that gets decent amounts of traffic. Just like politicians and bankers.

[Paashaas]

Another crypto fund underway.



https://www.bloomberg.com/news/articles/2018-10-05/yale-is-said-to-invest-in-crypto-fund-that-raised-400-million

[Torque]

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  

Not likely.

More likely: 1-3 years no crossing of $20k while essential infrastructure is being build.

HODL will get new meaning.

I wasn't suggesting it would be any different than that. Yes it will probably take another 1.5-2 years to cross back above $20k. If it took a full 3 then yeah I would be a little surprised.

[Wekkel]

https://i.imgur.com/pbBsInQ.png

many similar charts, common just draw a few with BIG GREEN DILDO'S thank you .

Less hypothetical than we may think.

[AR_fan]

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  

Not likely.

More likely: 1-3 years no crossing of $20k while essential infrastructure is being build.

HODL will get new meaning.

I wasn't suggesting it would be any different than that. Yes it will probably take another 1.5-2 years to cross back above $20k. If it took a full 3 then yeah I would be a little surprised.

im with you guys, gonna be fun when this Yale Fund is 50% under water in the next few months

We'll see then if they have enough understanding of bitcoin to be true holders.

Oh and its a crypto fund, they gonna be literally rekt when their ETH plummets under 100$

[Torque]

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable.   Can't believe that he can even say this with a straight face.

[LFC_Bitcoin]

i will go NUTS when i specially wake up tomorrow night, to watch the mcgreggor-khabib fight, and the action there would be the same as its in BTC these weeks.....

who would win ?    *gotta wake up 3-4 in the night or something or gotta get total rekt on good booze and stay up , mmmm difficult, my current mood is adjusted
                              too BTC lately and thats just beeing bored as F***

McGregor to win by KO by end of 3rd round. Hey man, my paternal grandparents were born & raised in Ireland. Got to stay true to my roots, come on Conor!

[AR_fan]

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable.   Can't believe that he can even say this with a straight face.

Wallstreet and MSM works hand in hand, ETH was hugely bought by hedge fund guys in order to increase their BTC stash since they had missed the opportunity to buy it in the early days. It's actually the sole reason of existence of ETH. It only exists because the funders and the backers didnt have as much BTC as they wish they had.

So what do you do when you have 10s of millions of USD invested in eth at 1$ ish? You have to hype it a lot in order to create demand and unload your supply. I really think the whole purpose of newspaper these days is that : create demand.

Now you've unload your stash at the top of the bubble, and you want to load up again for next cycle? You need to create offer so the persons you sold to give up and sell

Thats the whole game.

Prepare yourself in the next few months for new articles about the death of bitcoin and know these are paid articles sponsored by whales so they can create offer and load up!

EDIT: and thats also the reason why we havent seen bottom yet. All these analysts and billionaire investors are still pretending to be bullish to lure the public away. They want them to buy the 6K zone now. This zone is gonna be a huge resistance in the coming years.

EDIT2: BCH right now is in a funny situation. Most of the supply is owned by Bitmain and its partners. They tried to pull a similar game than ETH. But they got rekt because bear market. They control bitcoin.com so it can help them eventually to unload to noobs, but they have to survive the coming years first, hence their IPO