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

[Last of the V8s]

That news is old btw....

uhhh, its only got 3 confirmations so far

https://bitcointalk.org/index.php?topic=178336.msg48368078#msg48368078
we were talking about it all the other morning (to no conclusion)
same guy moving a lotta coins over a few days

[jojo69]

ahh, I see

we're all good then right?

[PoolMinor]

ahh, I see

we're all good then right?

They are likely moving coins to get their forked coins.

[Last of the V8s]

ahh, I see

we're all good then right?

no idea. maybe he'll dump
but I suspect a stronk #hodler
 i guess it's not anonymint or certain others because of the segwittedness

yes i followed one lot of addy's back to a split for bch

[Raja_MBZ]

R.I.P ETC 

Fuck!

Market still didn't get the news. Is it possible to short ETC anywhere?

ETC has multiple teams working on it. IMO, only ETCDEV leaving is not going to cause much trouble to ETC's infrastructure development.

They are likely moving coins to get their forked coins.

They are likely moving coins to enjoy our fear in this thread.

[realr0ach]

They are likely moving coins to get their forked coins.

Or in a market of imaginary, valueless tokens with paper thin buy side, anyone holding lots of them has an illiquid asset.  If they can't sell them, they can always try to send their illiquid asset to an exchange and use it as margin collateral to try and rig the price higher with an exit scheme pump.  

Sure, it could also backfire on them and they could lose more than just straight market dumping if they can find no buyers for their pump and dump, but whatever.  This is why the scammers of the shitcoin industry always try to deceive people by pretending Bitfinex is somehow the bellweather price signal of bitcoin and nobody else.  They're unable to use their illiquid asset to try and rig the market on real exchanges.  Using illiquid, imaginary, valueless tokens as collateral for anything is probably the biggest scam aspect of shitcoins.

It's like, okay, I have 100,000 shitcoins and if I sell them, the price goes to $0.  Or, I can use them as collateral to try and margin leverage the price up and attempt to sell for more than current price instead of zero!  Again, using something as collateral with zero value at all is definitely the biggest scam executed in finance.

[JayJuanGee]

We might soon get drunk on sweet bear tears.

On a telegram trading group I'm following it is becoming a real bear-hole
Shouting goes: 'short the ponzi' , 'BTC to 900' , ''full bubble deflate', etc

I'm longing for that moment when shorts will get squeezed, pump after pump

However we're not there yet

Still seems that the broader crypto space is allowing for more bearishness in bitcoin, which largely amounts to purging of some of the froth in the shitcoin space - whether we are referring to the various bcash variants or ethereum and those affiliated shitcoins or some other shitcoins.

[jojo69]

The British Museum gets it

https://www.youtube.com/watch?v=dsZBYK4TOPY

[nikauforest]

$257 Million Worth of BTC Were Sent From an Inactive Address

https://cryptopotato.com/breaking-whale-alert-257-million-btc-were-sent-from-an-inactive-address/

[Last of the V8s]

breaking

[realr0ach]

Dear hodlers,
I was an assidous poster in the "hodl" thread, I hodled for many years, because I know I am a bad trader.

I felt a little bit scared during 2014 or so, but my investment was so little I didn't give really a fuck. During 2017 I turned maniac and I felt overinvested, but I did hodl as I was told to do. During 2018 I felt scared, but I hodled tight my paper wallet as i watched my new fortune fade away.

Now, almost 2019, I turned on my old bitstamp account. I felt emotional when I retyped the password after many time, I know I am a bad trader and I shouldn't do thing like that. But I did.

Today, I bought.

In reality, my fiat is still travelling thought the bank system and my bank will require all today and tomorrow and a part of the day after in order to send the money, but I'm going to buy.

It's a very small sum, but that's the first time since 2013 that I felt that hodling is not enough.

Just checked in to write the mandatory wo post when someone buy or sell

Have you noticed the disturbing trend that the bulls of the past were all libertarians, a few weirdo anarchists, a few Ron Paul types, a few white nationalists, a few computer science people?  While the bulls of the current age are now the exact opposite, composed of leftists, people with barely any computer knowledge, a few token ultra flaming gay people, stereotypical fly by night conmen like Tai Lopez, Jew shills, Facebook NPCs and so on?  Bitcoin obviously went off the rails somewhere from where it started.  We will see which group had better investing acumen in the end.

[jojo69]

god, somebody tell me how to feel!!

[PoolMinor]

Hate to break it to you, Ethereum really isn't a shitcoins it has one huge advantage that only Bitcoin shares. Bitcoin and Eth are not securities. That's fucking huge, and it means more than others. I really should increase my eth holdings (I fucking lost 15 eth when I formatted a drive so feel free to laugh at my incompetence with fresh coins.)

Not that any of this should be discussed here.

ETH is not scarce, it has no limit on coin production. The value in Dapps is nothing because anyone can create dapps on other coin chains; Take FLO for instance (a scrypt coin). https://flo.cash/dapps.html

Apples to oranges.

[El duderino_]

god, somebody tell me how to feel!!

Numb. Very numb.

I have taken up drinking again.

already asked a few posts back

how many how early etc ....

a few nocoiner friends are asking me how BTC is doing LoL

[kurious]

god, somebody tell me how to feel!!

Try 'shiny' - works for me...

[jojo69]

capitol idea Bob!

ahh Toddy MacNaughton...where have ye been lad

[dutchlincoln]

i dont think its the best moment to cashout 66.233 BTC into anything else.

unless naturally someone is willing to tank it to $5, and immediately buy 50 million BTC back for it...

[realr0ach]

ETH is not scarce, it has no limit on coin production. The value in Dapps is nothing because anyone can create dapps on other coin chains; Take FLO for instance (a scrypt coin). https://flo.cash/dapps.html

Kind of like how ALL shitcoins whether it's BTC or ETH are based on artificial scarcity and have no value.  Artificial scarcity != scarcity.

Fiat and digital shitcoins = artificial scarcity

Physical metals = actual scarcity because earth is mostly a closed ecosystem (no, you cannot mine a fucking asteroid for anything less than head exploding prices)

[kurious]

Dark days like these are when hodlers prove their mettle and earn the right to be proud when blue skies return.

[RejectedBanana]

Bitcoin, putting the 'numb' in numbers since 2009.