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

[PoolMinor]

A thought experiment

........ It rallies to $5350

I go to the mountain and run the trails with my snow-mobile.

Then it drops , and smashes through all support to $1150

I go to the beach and surf the waves

Then the unthinkable happens... and it drops again

to $530.....

Markets are haywire, trading platforms freezing up, going off line, metric sites are spewing out jibberish

Have a drink at the bar and buy a round for all the people wearing red socks.

On Finex it flashcrashes to $75

Coinbase flashcrashes to $50 and goes offline

Take a nap after having a well deserved snack made by JJG's grandma.

The price rises to $750 and stabilises for 6 hours

Start a kick-starter campaign that emphasizes a machine that will reset one's circadian rhythm.
 

It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?

Enjoy a cold beer and a huge slice of pizza.

(Bonus question- Bitcoin SV OR Bcash or Ripple or Doge or  ETH or some other shitcoin is simultaneously going parabolic and either Craig or Rog or Vitalik are on youtube shit talking about how they are now number one, what are you doing? did you FOMO SV or Bcash, Doge or ETH or rando shitcoin? or no because rekt, rage quit, drunk etc) (EDIT for arguments sake lets say that the coin that has gone parabolic has already hit $5000)

Sorry I know its sordid and dark.... but I am curious to your answers    especially if they are amusing

FLO all the way. Go with FLO

[Lambie Slayer]

Prediction:
 In the next week we take one last nasty leg down (2350ish) followed by huge green dildo up with volume so epic no one can deny its the one true capitulation.

Checklist to make sure capitulation is complete:

1. Jimbo greets us but forgets or purposely neglects to say "Good Morning."

2. The ever ungrateful to the crypto gods and glass half empty Searing sells a huge chunk of coins for peanuts and
    continues to complain more about all the money he has than 99.9999 percent of people with a nice net worth.

2. JJG is at a loss for words and can only muster a few sentences.

3. MicGoosens will finally post a pic of eating inexpensive fast food, girlfriend will not be present in pic bc she is
    taking some time to herself to consider a possibly more secure future with a nocoiner. (no worries though
    goose, she will come to her senses once the dildo appears)

4. Roach in a huge burst of never felt before confidence will talk to a female for the first time in 6 years. For reasons
    unknown to science she will like Roach and he will have a real shot at losing virginity. He will get a
    phone number, but then when he does a reverse number lookup in the whitepages he will realize she has a Jewish
    last name and take another 6 years off from speaking to females.(he will never admit it happened, but the green
    dildo will confirm it)

Once this list is completed we will start the next bull run. The big surprise few will expect will be having another small bubble to 50k before the next halving and all the "crypto winter" dreamers thinking they have all of 2019 and much of 2020 to collect cheap coins will be left in the dust bin of crypto history.

Ill leave you with the late Waylon Jennings son's best song https://www.youtube.com/watch?v=qpiTOTgkHrI

[HairyMaclairy]

That is hilarious.  And possibly true. 

[Elwar]

A thought experiment

 

I stay here in Thailand and become a Buddhist monk. Not for any spiritual reason but so that I can eat. Also with no money I would likely not do so well with the ladies...so at least I would have an excuse.

[luckygenough56]

Good post Lambie 

[jonoiv]

Hmmm Bitmex trading at a $6 - 12 premium to Bitstamp.  Normally it is under Bitstamp by $8 - 10. Longs must be going nuts.  Poor fools. 

Bitstamp is what controlls the bitcoin price, always has been always will be,  It's either a bot there or the owners have been manipulating it since the start.   I found it strange how it's so difficult to join bitstamp, even after verifiying my identity, being an EU citizen with valid documents, they rejected them as they were not dated within 3 months.  The Spanish document the NIE is issued once, and once only meaning i would and had to join bitstamp within a 3 month window or can never join.  I tried to Join using my UK citizenship but it was rejected.

I fully expect someone involed with bitstamp in some way to be in charged with something in the future.  There order books never seem to tally, they seem to have unlimited funds but lower volume than some other exchanges.    Tether is currently 1.01 USD, yet Bitstamp is still lagging behind tether exchanges dragging the price down for as long as possible.  

All possible rallys seem to be held back by some anonomous entity on bitstamp that seamingly won't budge, same is true of the bearish breaks in bull market senarios.

Just my opinion, but thats what I have observed in my 6 years of watching the charts and orderbooks with bitstamp vs other exchanges.

[wayna]

A thought experiment

........ It rallies to $5350


Then it drops , and smashes through all support to $1150

Then the unthinkable happens... and it drops again

to $530.....

Markets are haywire, trading platforms freezing up, going off line, metric sites are spewing out jibberish


On Finex it flashcrashes to $75

Coinbase flashcrashes to $50 and goes offline


The price rises to $750 and stabilises for 6 hours

It's a crazy scenario... I don't think BTC will bottom lower than 2-2.5k...

It drops to $350 and becomes stable for a day........... What are you guys doing at this point and up to this point? what is your next move? are you rekt? are you happy, are you trading hand over fist? are you drinking? are you jumping out of a window?

...but if this one will be the case, I will buy more. At the moment there is nothing that can stop me from thinking this market will sooner or later skyrocket again. The thing is we should consider how much time BTC needs to recover, and this is totally out of our control... 1 month or 1 year... or more? Probaly this time longer than we would expect.

(Bonus question- Bitcoin SV OR Bcash or Ripple or Doge or  ETH or some other shitcoin is simultaneously going parabolic and either Craig or Rog or Vitalik are on youtube shit talking about how they are now number one, what are you doing? did you FOMO SV or Bcash, Doge or ETH or rando shitcoin? or no because rekt, rage quit, drunk etc) (EDIT for arguments sake lets say that the coin that has gone parabolic has already hit $5000)

After 1 year BCH is still a crap coin while SV has more roller coaster but I invested on a couple of alts at the end of 2017 waiting to liquidate..

In particular I still need to liquidate BC(s)H(it) and fortunately I sold my ETHs in a relatively good moment. For now BTC is the way... unless some main alt price will go further down but I would stay away from ETH related coins.

[HairyMaclairy]

Interesting how perceptions vary

I view Bitstamp as the only honest exchange in the ecosystem.  I think a lot of OG whales there.  And they only trade physical so no bullshit about the price being pushed around by leverage (short or long). 

Expect plenty of cash sitting in accounts which are not in open orders. Hence how they can seem to have limitless cash with thin books.  Or maybe iceberg orders I dunno. 

[jonoiv]

Interesting how perceptions vary

I view Bitstamp as the only honest exchange in the ecosystem.  I think a lot of OG whales there.  And they only trade physical so no bullshit about the price being pushed around by leverage (short or long).  

Expect plenty of cash sitting in accounts which are not in open orders. Hence how they can seem to have limitless cash with thin books.  Or maybe iceberg orders I dunno.  

By physical you mean a database entry?  

I have 100s of snapshots of the inprobable bitstamp orderbooks, that changes in unison frequently, it doesn't happen anywhere else that I have seen.  Personaly Im heavily skeptical.

[HairyMaclairy]

Physical meaning not synthetic (eg not options or futures).

[jonoiv]

Physical meaning not synthetic (eg not options or futures).

but still not very transparent, with no proof to show orders are actually pegged against provable fait.

[El duderino_]

Doji on the daily. Closed my short positions. I think we may go up for a few days.

Weekend pump? 

perhaps

i would say let it come
as always

but HM says it has no momentum so i don't expect to much this weekend..... seems to be that the whisky had be bad last evening
but i'll be stronger for round 2 this evening, like i'm always am
BTC will be stronger to on its next RUN

[VB1001]

Bitstamp recommends using full nodes, well, this is good.



https://twitter.com/Bitstamp?lang=en

--------------------------------

Now I can not update my thread in Bitcoin Discussion on Full Nodes but later I will write a post about it.

I do not intend to spam, I would like the Wall Observer regulars to know my Full Nodes thread, feel free to comment, your opinion is of interest to me.

How Many Full Nodes Bitcoin Online ? https://bitcointalk.org/index.php?topic=5080565.0

[El duderino_]

Thanks good point. Link fixed

Have moved my buy orders up.  Capitulation is close. I can smell it.

Anything under $3k is good buying imho.

and everything right above ?
not to much difference in that area anymore.....

[Asrael999]

Physical meaning not synthetic (eg not options or futures).

but still not very transparent, with no proof to show orders are actually pegged against provable fait.

If you go to the minute charts you will see that stamp invariably lags bitfinex.   I tend to agree with Hairy, of all the exchanges I have ever dealt with from mtgox through stamp, finex, the old gdax, coinfloor and now binance , stamp are the exchange that have generally felt the least bullshitty.

[El duderino_]

via Imgflip Meme Generator
F*** it let go

Nr 6 and counting brothers
English still te same so still able to drink same
Keep the riesling coming

Nouveau riche spotted, no table manners: fork in the right hand.

Just fooling with you Mic, cheers..

drunk manners.....

no your absolutely right i'm a right hand animal .... grab my fork with my right hand, cherish my ledgers right handed, take the GF sweet spots right handed, take my money out of my pocket right handed, take my drinks right handed etc
really got much use for that right hand now i'm thinking

i know never a problem, but yes right handed eating is not the way i now ......

[Kylapoiss]

Prediction:
 In the next week we take one last nasty leg down (2350ish) followed by huge green dildo up with volume so epic no one can deny its the one true capitulation.

Checklist to make sure capitulation is complete:

1. Jimbo greets us but forgets or purposely neglects to say "Good Morning."

2. The ever ungrateful to the crypto gods and glass half empty Searing sells a huge chunk of coins for peanuts and
    continues to complain more about all the money he has than 99.9999 percent of people with a nice net worth.

2. JJG is at a loss for words and can only muster a few sentences.

3. MicGoosens will finally post a pic of eating inexpensive fast food, girlfriend will not be present in pic bc she is
    taking some time to herself to consider a possibly more secure future with a nocoiner. (no worries though
    goose, she will come to her senses once the dildo appears)

4. Roach in a huge burst of never felt before confidence will talk to a female for the first time in 6 years. For reasons
    unknown to science she will like Roach and he will have a real shot at losing virginity. He will get a
    phone number, but then when he does a reverse number lookup in the whitepages he will realize she has a Jewish
    last name and take another 6 years off from speaking to females.(he will never admit it happened, but the green
    dildo will confirm it)

Once this list is completed we will start the next bull run. The big surprise few will expect will be having another small bubble to 50k before the next halving and all the "crypto winter" dreamers thinking they have all of 2019 and much of 2020 to collect cheap coins will be left in the dust bin of crypto history.

Ill leave you with the late Waylon Jennings son's best song https://www.youtube.com/watch?v=qpiTOTgkHrI

I'm going to start saving posts like this and make a collection, hilarious

[Majormax]

A thought experiment

........ It rallies to $5350


Then it drops , and smashes through all support to $1150 ....


..< crazy levels like $100 etc>..

Hodl.

...then wake up.

The true bottom might look similar to that in action, but the price will be 1k to 1.5k.  Below that BTC will have technically failed.

[El duderino_]

Prediction:
 In the next week we take one last nasty leg down (2350ish) followed by huge green dildo up with volume so epic no one can deny its the one true capitulation.

Checklist to make sure capitulation is complete:

1. Jimbo greets us but forgets or purposely neglects to say "Good Morning."

2. The ever ungrateful to the crypto gods and glass half empty Searing sells a huge chunk of coins for peanuts and
    continues to complain more about all the money he has than 99.9999 percent of people with a nice net worth.

2. JJG is at a loss for words and can only muster a few sentences.

3. MicGoosens will finally post a pic of eating inexpensive fast food, girlfriend will not be present in pic bc she is
    taking some time to herself to consider a possibly more secure future with a nocoiner. (no worries though
    goose, she will come to her senses once the dildo appears)

4. Roach in a huge burst of never felt before confidence will talk to a female for the first time in 6 years. For reasons
    unknown to science she will like Roach and he will have a real shot at losing virginity. He will get a
    phone number, but then when he does a reverse number lookup in the whitepages he will realize she has a Jewish
    last name and take another 6 years off from speaking to females.(he will never admit it happened, but the green
    dildo will confirm it)

Once this list is completed we will start the next bull run. The big surprise few will expect will be having another small bubble to 50k before the next halving and all the "crypto winter" dreamers thinking they have all of 2019 and much of 2020 to collect cheap coins will be left in the dust bin of crypto history.

Ill leave you with the late Waylon Jennings son's best song https://www.youtube.com/watch?v=qpiTOTgkHrI

I'm going to start saving posts like this and make a collection, hilarious

1. he's to busy now emptying that BTC machine .....

2. would he ? come on searing no cheap coin selling from a man with a HAT

2.just don't, not aim for MI

3.already did the eating inexpensive food brother, i love descent fast food
  the GF is a coiner hodler herself, made sure for that, but when that BIG green dildo appears, yeah then i might BUY a green one as well for her, with BTC
  written all over it

4. yeah roach.... its making sense, i have the theory for his jewish hate as well that a girl has to be involved, i guess when he was in love first time it was on a jew girl.... what just happened there i don't know, but i think she crushed him brutal, any guys any thought what might have happened there ?

[PoolMinor]

Doji on the daily. Closed my short positions. I think we may go up for a few days.

Looking at the 12 hour, paying particular attention to the adx/adxr looking as though the down trend is still strong. Doji candle seeing a confirmation with a gravestone, will know in about 60 minutes.
-DI @ ~32 & +DI @8.8

Boli bands not narrowing, indicating volatility intact.