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

[AR_fan]

Looks like the scammers at Bitmain are trying to rig the market above their cost of production now.  This is how you get the long, drawn out bear markets.  They'll do this for months until finally giving up and then it just slowly grinds lower with various miners going bankrupt just like last time.  Now the market is entirely just random slobs trying to profit off forecasting when and where Bitmain will attempt to rig it to.  If you attempt to trade it, you have to figure out if Bitmain actually wants the price to go up, or if they're trying to keep it lower to bleed out competitors first.

r0ach, are you currently invested in bitcoin or do you plan to in the future?

Genuine question, just curious. You don’t have to answer but I’m sure that it’s not just me wondering.

he'll buy back once price has been flat and boring for a while like all smart money. i'm sure he'll come tell us that once that happens. he did say it in 2015.

i'm betting market will turn bullish end 2019, until then unfortunately its what he says... you're jut buying a falling knife hoping the entity controlling the price turns the engine back up.

only way to make money in this market is to treat it as a scam market. its a sad state of affairs, but it is as it is.

@roach, whats your bet on GS next move on crypto? do you think they exit? do they pump ETH again? I'm betting on ZCASH for the biggest gains if we ever have a bull run again. Its barely touched, not many people that can dump on them, entirely controlled, completely scammy but with good and clean marketing image. Seems like a perfect tool to me.

[xhomerx10]

Somebody is getting lazy with their updates so I'm cutting their grass for them

 

Feb 6th 2018 the sentiment indicator was at 8 - lowest so far.

[Ibian]

via Imgflip Meme Generator

Lol game across an ibian section while shopping
Cool stuff

Mug. Want.

[jojo69]

don't you people have jobs to go to?

[Spaceman_Spiff_Original]

Spaceman i must say we do not experience a DIP the same

Haha, no I meant that I found it weird that nobody had commented for 15 minutes in such a volatile period.

[Kylapoiss]

don't you people have jobs to go to?

Who works on a Sunday?

[xhomerx10]

don't you people have jobs to go to?

Who works on a Sunday?

 I work 2 out of 5 weekends ;(

edit: not today though - decorating for Christmas today.

[Ibian]

don't you people have jobs to go to?

No? Bitcoiners, we have money.

[jojo69]

don't you people have jobs to go to?

Who works on a Sunday?

sigh


me, I work on a Sunday

[Kylapoiss]

don't you people have jobs to go to?

Who works on a Sunday?

 I work 2 out of 5 weekends ;(

edit: not today though - decorating for Christmas today.

Sorry man.. Well, lets hope this "imaginary valueless token © r0ach" will get out of the dump and go to the moon where it belongs, so you can have an early retirement

Or you can start your own hat business!

[realr0ach]

@roach, whats your bet on GS next move on crypto? do you think they exit? do they pump ETH again?

I have no idea, as I used to keep track of who owned what and such in altcoins, but don't anymore.  GS probably knew ETH was a dud from reading posts from me + Anonymint back in the day but pumped it anyway because there was lots of greater fool ETH cultists to dump on.  Maybe they dumped it all already except for a little bit and have no motivation to screw with it anymore.  The only other person I know of who kept track of stuff like that who apparently had the same numbers and information as me is:

[gentlemand]

don't you people have jobs to go to?

I found school rather tiring so I'm still winding down 25 years later. I may feel ready for a job somewhere around 2045.

[coinlocket$]

I was looking about an Italian trader on youtube and he was talking about 2 alert zones (1 week ago)

1st 3000-3800$, if this range will be broken he thinks
2nd 1145$

Do you really think it can go so low?

[Kylapoiss]

don't you people have jobs to go to?

Who works on a Sunday?

sigh


me, I work on a Sunday

Do you like to work on a Sunday? If yes, then no probs, if not, then you must do something about it

I like to make my own schedule and working on a Sunday rarely fits in it.

[maser82]

Looks like the scammers at Bitmain are trying to rig the market above their cost of production now.  This is how you get the long, drawn out bear markets.  They'll do this for months until finally giving up and then it just slowly grinds lower with various miners going bankrupt just like last time.  Now the market is entirely just random slobs trying to profit off forecasting when and where Bitmain will attempt to rig it to.  If you attempt to trade it, you have to figure out if Bitmain actually wants the price to go up, or if they're trying to keep it lower to bleed out competitors first.

If the chinese Bitmain have something to do with this price dip it looks like they still have some margin to dip it a little more based on their last Antminer s15 and its 28TH/s with 1596W and 0.08c/kwh (China average electricity price)

[InvoKing]

don't you people have jobs to go to?

That awkward moment when asking WO boys if they have a job to go to 

[realr0ach]

Looks like the scammers at Bitmain are trying to rig the market above their cost of production now.  This is how you get the long, drawn out bear markets.  They'll do this for months until finally giving up and then it just slowly grinds lower with various miners going bankrupt just like last time.  Now the market is entirely just random slobs trying to profit off forecasting when and where Bitmain will attempt to rig it to.  If you attempt to trade it, you have to figure out if Bitmain actually wants the price to go up, or if they're trying to keep it lower to bleed out competitors first.

If the chinese Bitmain have something to do with this price dip it looks like they still have some margin to dip it a little more based on their last Antminer s15 and its 28TH/s with 1596W and 0.08c/kwh (China average electricity price)

Doesn't Bitmain mine at 0.05/kwh?  Or possibly even lower with some type of govt subsidized power?  I've never seen anyone claim Bitmain mines with electricity that high.  If Bitmain was mining at 0.08/kwh, then you would have actual mining in the US, and places like KNC wouldn't have gone under.  This would be a great Trump Tariff target...

[El duderino_]

My btc friend having a small party as well but don’t feel to go for long today, just gonna hear his side of whats happening-thoughts

via Imgflip Meme Generator

via Imgflip Meme Generator

Pfffff hodlers life i guess

Cheers nocoiners

[realr0ach]

My btc friend having a small party

Trollgoossens real-time chronicle of phantom wealth evaporating.

[mindrust]

I really don't believe the fud about hitting 2k, fudsters are out in full force trying to get everyone to dump their coins on the cheap.  I believe bottom was already hit and we will never see those lows again.  There is just too much uncertainty in government currencies for bitcoin not to keep growing.

You under estimate the latitude available to the "price discovery" process.

The market will dump until every last drop of profit is extracted and only die-hard hodlers are left. It's only 20 months since we were at $1k and that level can easily be retested legitimately.

Expect the unexpected.

Trace Mayer also says the same thing. According to him there are many "hodlers of the last resort" who'll be hodling this no matter what happens and they'll even be increasing their stash during the process.

This is why btc didn't go lower than 3 digits in 2015. There are die hard hodlers.