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

[JayJuanGee]

It's because he's trying to force the flippening, and the current bear market is only helping him in this situation. I mean, just look at the market, Bitcoin is dumping like a fucking sack of potatoes, without any bounces (except the one to 4k+).

Fair assessment.

I dare you to find a similar pattern starting with 2013-2014.

I don't think that it is fair to attempt to suggest that patterns need to be the same.  They might be and they might not be.

For one, we already know, as you seem to concede that the BTC market is really not very BIG in terms of liquidation avenues, and if you can figure out ways to strategically place your assets on exchanges and your FUD, then you are going to have some success in manipulation and being able to take advantage of momentum that you help to create and strategically hope the direction goes in your favor for long enough.

Even during the capitulation of 2015, where Bitcoin was considered a worthless ponzi scheme and the general sentiment was just negative, you had healthy bounces after every drop.

I agree with you that sentiment was worse in 2015, but I question you about "healthy bounces" being that materially and significantly different to be worthy of any kind of meaningful consideration of them being beyond normal market movements, and when I say normal, I mean manipulators are going to manipulate as much and as far and for how long they are able to get away with, even to the point that they might lose money when they lose control over the situation and it springs in the other direction  - even though many times, manipulators are going to have a decent amount of hedging for either direction, but they can only control direction for so long.... especially if they are continuing to push down, for example.

This shit right now is just made out of vertical lines to abyss. It's clear that this nut case is probably dumping the bitcoins he stole from his dead friend Dave Kleiman into the markets in order to make it look like Bitcoin is crashing and people are running to Shitcoin SV. It's the exact same shit that happened back in 2017 with Shitcoin Cash

Yes... shows instability and pushing beyond expectations, which is kind of expected... it is expected that matters will be pushed, if possible beyond expectations... What else is new in bitcoinlandia?  especially when there is also shitcoin fuel (and snot nosed 14 year olds) that can be used, too?

Craig Wrong has timed this thing perfectly. He has managed to leverage the current bear market into his favor

Possibly you are giving him too much credit...  there is some luck and coincidence too, I am sure. and like you suggest there is some benefit if the market is ready for such manipulation, too.

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[willope]

Is there any working easy to use Lightning Network wallet?
I want to see how it actually works in real life.
The last time I checked it was almost a year ago and it was nowhere ready for mainstream use.

[becoin]

Bottom is in.
Expect 7k by the end of this month!

[JayJuanGee]

How long before all miners turn off their machines, what then?

No one other than miners needs to give the remotest shit about mining. It's their problem, not ours.

If they can't cut it, someone else will be along who can. The absolute worst case is sluggishness in the chain for a while until difficulty drops make it profitable again.

Like this?
https://www.blockchain.com/charts/difficulty

Yeah exactly!!!!!!


hahahahahahaha

 


Bitcoin is dead!!!!!!


Bitcoin is dead!!!!!!!

Mining dropped to the same levels that it was in July/August... OMG OMG...

[Wekkel]

Is there any working easy to use Lightning Network wallet?
I want to see how it actually works in real life.
The last time I checked it was almost a year ago and it was nowhere ready for mainstream use.

I understand that there are quite a few wallets available, some with a beautiful UI. But I haven’t investigated and tried myself yet. I believe there are a few lads here who know more.

[goldkingcoiner]

Your explanation doesn't really make sense. Things like wind are created by pressure gradients. You're implying the same sort of event that creates wind but implying the other side has an infinitely lower pressure gradient that can't be filled to reach equilibrium.  If you're implying the entire Higg's field collapses in a row like dominos starting from that point, I guess it's theoretically possible if the Higg's field functions like a connected, uniform lattice, but I doubt it's that simple.

If said event did occur, I think it would behave similar to how black holes already do.  Most people cannot define the word time at all, but it's mostly measurement of motion relative to two or more objects.  If time theoretically stops inside of a black hole, then you can have no motion and thus no functional pressure gradient, and maybe your infinite pressure gradient (collapse of the Higg's field) would be contained by a black hole firewall.  A local, self-repairing function of the universe in other words that prevents full collapse.

right
wrong
what?

I will glady explain quantum field theory to you. Pm me with any questions you have.

We should defo make sure that it qualifies as a security , and shill it like madmen and promise people immense profits

Perhaps then we can all have our 100K party in the Ely State penitentiary - surely that is close enough to Vegas for it to count?

Yes, go to jail, do not collect $200, do not pass go. Lets do this.

Instead of waiting around drinking alcohol, we could make a WO altcoin, bring out an ico and everything...And drink alcohol. Who would be on board?

Count me in. I can do all the drinking.

Hold the fuck up. You will not be doing ALL the drinking. This is a team effort.

[Spaceman_Spiff_Original]

This song seems apt for today : https://www.youtube.com/watch?v=A7TuFy0fcuw

EDIT: This one might describe the mood more though   : https://www.youtube.com/watch?v=K2ku1A5Ox8U .  But it aged quite well.

[Kylapoiss]

Instead of waiting around drinking alcohol, we could make a WO altcoin, bring out an ico and everything...And drink alcohol. Who would be on board?

Count me in. I can do all the drinking.

Hold the fuck up. You will not be doing ALL the drinking. This is a team effort.

True dat, even I'd make an exception to support the team. So goldkingcoiner, sketch up a white paper and lets shoot it live?

[cAPSLOCK]

Btw. Isnt that funny that arthur is probaly the best earning person in crypto roach?  

Do you not realise the lengths Yidisher will go to these days to disguise themselves?

If you take Arthur Hayes, take some letters away and add some new ones you wind up with - Chaim Wildenstein.

FACT.

And I've never seen him out in the rain or near strong streams of water.

But he also has the initials of Roach's biggest hero?!??

[empowering]

EDIT: This one might describe the mood more though   : https://www.youtube.com/watch?v=K2ku1A5Ox8U .  But it aged quite well.

CLASSIC

[JayJuanGee]

I wonder if there could be tax reasons for possibly concluding the dump before the start of the new year ?

Yes... for sure.  That is why prices dipped so stupendously in both December 2013 and December 2017.

You are definitely onto something, qwizzie....

Also, remember christmas shopping, too.   

[Toxic2040]

You know, when you're the last whale standing in a thin bear market, and you have lots of coins and $$$, I'm sure it's pretty easy to push the market around in any direction you want. For however long you want.

That direction only ends when that person or group decides it should, or gets mega squeezed.

They are just dangling there....its tempting no?


1h

[El duderino_]

Well, it has to stop somewhere. One year ago Jihan Wu started a similar campain (flippening they called it). Aided by Rojer Ver and Craig Wright they dumped hundreds of thousands bitcoins and bought bcash driving it up to 3.5k$ on most exchanges and 9.5K$ on Coinbase. The documentation of the failed IPO shows that only Bitmain bought around 2mil bcash! Now, Wu gets what he deserved! Although he has 2mil SV now, so he can dump it to get some money to save his business from bankruptcy. Now, CW thinks he is a genious to sell his bitcoins and buy his shit. In 1 year SV will be less than 10$, while bitcoin will recover. Not only the manipulators are out of ammo, but most of the whales dumped in fear their bitcoins. What the market needs now is a nice recovery to 6K and then slowly building up to 20K and beyond. It may take some months or a couple of years, but it will happen!

Gee, I didn't know I am a prophet   Perfect timing  

P.S. This is my 500th post! I will appreciate some merits for the anniversary 

Gee, I didn't know I am a prophet   Perfect timing  

P.S. This is my 500th post! I will appreciate some merits for the anniversary 
[/quote]
via Imgflip Meme Generator
via Imgflip Meme Generator

Hey mate gave you my last one.... like your bullishness very much, very much appriciated....
Normal saved that last one for later this evening
Wanted to send it out when i was Total wasted

Hey Guys CHEERS

[Cassius]

Short squeeze/reaction rally is quite normal at this point. Let's not get ahead of ourselves.

[goldkingcoiner]

Instead of waiting around drinking alcohol, we could make a WO altcoin, bring out an ico and everything...And drink alcohol. Who would be on board?

Count me in. I can do all the drinking.

Hold the fuck up. You will not be doing ALL the drinking. This is a team effort.

True dat, even I'd make an exception to support the team. So goldkingcoiner, sketch up a white paper and lets shoot it live?

Alright lets do this, buddy! Its basically going to be pictures of alcohol on laptops and the word "money" over and over again.

[El duderino_]

Btw who’s already drunk today and who’s gonna get drink today?

• Beer #3
• Zkittlez Indica Plant Bowl # ?
• Brass Knuckles Oilpen Gushers Hybrid Hit # ?
• Brass Knuckles Oilpen GSC Hybrid Hit # ?
• Supreme Oilpen Sunset Sherbert Hybrid Hit # ?

I keep it on champagne-wine-something strong in between and for the rest don’t know yet

[JayJuanGee]

Well good morning Bitcoinland.

Another day, yet another dip... currently $3303USD/$4390CAD (Bitcoinaverage).

I see Proudhon's here. Who's next? Kwukduck? Fonzie? NLC?

Must be getting fairly near to kaput-ulation.

Mmmm... coffee's ready.  

You buying any time soon, Jimbo?

[JayJuanGee]

Grey total open interest
Yellow ratio
Green longs
Red shorts

Shorts at ATH but longs refusing to capitulate

Direction of least resistance.. ? 

Probably still down, at least for now.

[JayJuanGee]

How you feeling Hairy?
Worried, concerned?

The price is tracking nicely to the model so far, albeit slightly ahead of schedule.  Am not in any rush and think that whatever range we settle at, we should be there for awhile.  The market needs time more than anything else.  

In the very short term, we are due a bounce / bull trap lasting a couple of weeks.  

Looking at it through a 10 year time horizon, this is an extraordinary opportunity.  

So not particularly fussed.  

I can wait 10 years if I have to but I was hoping I’d be pretty rich around 12 months after the next halvening.
I was close to being a millionaire GBP wise at the ATH (obviously that’s gone to shit now but I’ve sold nothing).

I was hoping to be 75% sold out of bitcoin in approx 2022 never having to even think about what I’m spending ever again.

10 years is a little long but I can wait.

This just seems a lot worse than the last long bear market as obviously I have a lot to lose this time.

I appreciate everything that you are saying here, including the possibility of being flexible on your timeline, which is definitely realistic to be flexible on your timeline (as long as you are not so old that you are going to be dying soon, and then your timeline is much shorter, and probably your investment into BTC should be more conservative, too). 

Regarding "worse than last time," you seem to have identified the problem, which is your perception of worse than last time based on your assessment of your situation of having more to lose, but that does not seem to be a good way of assessing the situation. 

Probably you need to either go back to the drawing table or to just reconsider aspects of your strategy, including a possibility (even if slim) that BTC prices could go to $1k before they bounce... in that regard, it seems that you should prepare yourself for such possibility of $1k-ish or lower (even if slim possibility) both psychologically and fiscally.

[cAPSLOCK]

Consensys layoffs.  

https://www.coindesk.com/consensys-confirms-layoffs-projecting-13-of-staff-at-startups-to-be-cut/amp#click=https://t.co/LPyLqEc6Ev

Starting to feel a bit capitulationish.  

Still might need Consensys to be broken up entirely but it’s a start.

The more the ICO pumping robot ETH shills die the better.

No offence to those who believe in that stuff... but it's the freaking cancer of crypto and has been for years.

We knew the surgery to remove it and the chemo after would suck...

Here's some 7-up and a bendy straw.

Lie back down.