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

[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.

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[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.  

[jojo69]

meanwhile, the yellow vests move on the Bastille

never a dull moment

[JayJuanGee]

Capitulation is definitely in, every post is that crypto is going down and nothing can stop it. Coindesk is declaring it crypto winter and we need to wuick looking at the price. People are memeing that Bitcoin is just a downward ride.

It's here and we may have already hit bottom or not but we're fucking close with that continuous Doom and gloom mindset.

We won't have capitulated until we stop talking about capitulation. We won't have bottommed until we stop talking about bottoms.

The majority is though, the wall observation thread likely won't ever stop. Did it stop previously?

When tumbleweeds?

Well, yeah, perhaps 6-8 more months of flat prices (and maybe even some lower levels, too (but not necessary), would cause a decent amount of tumbleweeds.  Difficult to know, too, whether such tumbleweeds are necessary in order to reverse this particular correction - because there could have been sufficiently enough purging of froth..  though with the passage of time, I do continue to notice a lot of snot-nosed 14 year olds still in the space.. so, I am not sure how many more of them need to be purged before reversal..  which could take a bit more than 6-8 more months, perhaps?

[Last of the V8s]

Bitcoin, putting the rum in hodlers since half past two.

[JayJuanGee]

In "altcoin news": BCH(ABC) is slowly bleeding out in the BCH-BTC pair, even with bitcoin's deeper and deeper plunge.
I'm milking it again.

SV is winning that fight? You're fucking kidding me?

I'm not saying that!
SV has indeed gained some since the fork, but it doesn't look like it's "winning".

They are both going down, just not directly, so the waves of UP and DOWN along the way to mostly DOWN for dem ones does not seem unusual.

[jbreher]

With government backed loans I couldn't care much less if I fucked up since everybody would get harmed by my actions.

ftfy