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

[HairyMaclairy]

[gembitz]

https://purse.io/investors

It's one of the few places left where you can spend your bitcoins online.

Unfortunately.

I'm to the point of considering ordering a credit card. My Amex was supposed to be only for emergencies but I've racked up plenty of useless sky miles over the past year with it.

Two words: Shift card.

More words: spend your Bitcoin at any place that takes Visa.

Goal of Bcash shills - attempt to get bitcoiners to spend their bitcoins, and trick BTC hodlers ...

JJG, you're an autistic knee-jerker. Mind the context, mofo.

We're pairing you two up together for third shift at the WO McDonald's.

It always seem to happen like that.  Fuck.  I am going to quit this McieD's bullshit (and having to rub elbows with the likes of jbreher for 4 hours) as soon as I can get enough money for my own apartment.  You fuckers.  

Don't be too hasty. These burgers are going to the moon!!!!one!1!!

~ass burgers hehe

[gentlemand]

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

After all this time I still haven't fully bothered to wrap my head around its implications.

Speaking as a thicko, all along I've sensed an underlying desire from many to defer to what they think is a higher authority. If that is the case some will look to futures to tell them where to head because it's more 'legit'. In an ideal world the real Bitcoin market would totally ignore a cash settled futures market. It contributes nothing. It achieves nothing. It basically is nothing.

Unlike almost everything else that has a futures market, BTC can be physically delivered and verified within minutes by anyone, anywhere at any time. I'll guess many a futures market exists to create a market from scratch off the back of something effectively intangible that everyone knows is nothing but pure nothingness from the bottom up. That will never be the case with crypto.

I guess that might mean futures traders will increasingly fuck with the real market, but in the meantime that's what we're seeing with Bitmex already. For the last few months it's seemed like the spot markets only exist to be raped so people can rape others on Bitmex.

Conclusion - mainly dunno. Real adoption and real demand and real use by real people would reduce speculation and the tail wagging the dog.

[RivAngE]

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

Personally, i don't fully buy that doom-and-gloom scenario because other cryptos did not have futures, yet declined even more, hence not a clear cut picture.

Would btc-settled futures like bakkt and/or 'physical' ETF objectively helpful in this fight or not?

Of course, if some some major fiat currency would experience hyperinflation, then btc would benefit, but this scenario is not very conducive to day-to-day life.

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).

Right now they can suppress Bitcoin's price with futures because there's very little investment going in BTC. It's not hard for the wealthy to outplay and outbid the teenagers who buy a few Bitcoins.
As I've stated here (and I also made a graph): https://bitcointalk.org/index.php?topic=5076475 there are a ton of money in other kind of investments which could possibly reach Bitcoin at some point; stocks alone have about 800 times more money invested in them than all the cryptocurrencies... not to mention that most coins' market cap is artificial.

If more money start to go in BTC, then at the very least those who are trying to suppress the price will have to do so in a higher level, they won't be able to keep it in ~3000$.

[realr0ach]

You (Jbreher) are relying on a historic definition of the term shill.  We both know that is not how the word is used in 2018 in the crypto community.  

I'm pretty sure I popularized the word "shill" on bitcoin forums and it was used entirely in reference to lying Jews, then it made a crossover to altcoin pump and dumps, and then bitcoin itself.

[JimboToronto]

Except for Craig Wright.

[realr0ach]

I really have absolutely no fucking idea what the price is gonna do next.

It's easy.

Micgoossens = dumb money
JayJuanGee = stupid money
Elwar = insane money

Just do the opposite of whatever they're doing.

[El duderino_]

I really have absolutely no fucking idea what the price is gonna do next.

It's easy.

Micgoossens = dumb money
JayJuanGee = stupid money
Elwar = insane money

Just do the opposite of whatever they're doing.

and whats roach money ? if there is any

[El duderino_]

Except for Craig Wright.

who??

[LFC_Bitcoin]

I really have absolutely no fucking idea what the price is gonna do next.

It's easy.

Micgoossens = dumb money
JayJuanGee = stupid money
Elwar = insane money

Just do the opposite of whatever they're doing.

and whats roach money ? if there is any

no money

[slowlyslowly]

Except for Craig Wright.

Every court including WO has to have a jester.  Craig plays that role with his outrageous claims. He should be thanked (not ridiculed) for stepping up to the role. Go Craig baby.

 

[JimboToronto]

Except for Craig Wright.

who??

Nobody important.

[VB1001]

"What Is Bitcoin?"
Topped Google's 2018 What Asked Trending List
The most searched definition in the U.S. and U.K. in 2018

Do not worry about the price.
The rocket will be ready soon.



https://www.bnnbloomberg.ca/what-is-bitcoin-topped-google-s-2018-what-asked-trending-list-1.1182297https://www.bnnbloomberg.ca/what-is-bitcoin-topped-google-s-2018-what-asked-trending-list-1.1182297

[El duderino_]

Except for Craig Wright.

who??

Nobody important.

hey jimbo btw write down your price guess

[JimboToronto]

Every court including WO has to have a jester.  Craig plays that role with his outrageous claims. He should be thanked (not ridiculed) for stepping up to the role. Go Craig baby.

Fair enough, except that a jester actually tries to be funny. C.W just bumbles his way into being a joke.

I think he's less of a jester and more of a laughingstock.  

hey jimbo btw write down your price guess

Which price? Did I miss something?

[JayJuanGee]

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

Personally, i don't fully buy that doom-and-gloom scenario because other cryptos did not have futures, yet declined even more, hence not a clear cut picture.

Would btc-settled futures like bakkt and/or 'physical' ETF objectively helpful in this fight or not?

Of course, if some some major fiat currency would experience hyperinflation, then btc would benefit, but this scenario is not very conducive to day-to-day life.

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).

Seems to me that you have to buy BTC in order to sell them, so can be a question regarding how long these folks can continue to get BTC to sell to send the price down, even if settled in dollars , aren't the shorts going to get reckt as some point if people are not willing to sell their BTC and there is not enough BTC to fuel the various contracts that are settled in dollars?

[El duderino_]

Every court including WO has to have a jester.  Craig plays that role with his outrageous claims. He should be thanked (not ridiculed) for stepping up to the role. Go Craig baby.

Fair enough, except that a jester actually tries to be funny. C.W just bumbles his way into being a joke.

I think he's less of a jester and more of a laughingstock.  

hey jimbo btw write down your price guess

Which price? Did I miss something?

https://bitcointalk.org/index.php?topic=5083242.0

yes

[JayJuanGee]

I really have absolutely no fucking idea what the price is gonna do next.

It's easy.

Micgoossens = dumb money
JayJuanGee = stupid money
Elwar = insane money

Just do the opposite of whatever they're doing.

That doing the opposite worked really well for you roach?  When you sold all of your bitcoins in the sub $600 price arenas?  Be honest, relatively speaking, how's that "doing the opposite" working for you?

[VB1001]

Read the article, it's interesting.

Bitcoin – Big Wallet Moves, But Not Big Price Spreads on Today’s Market

https://warriortradingnews.com/2018/12/12/bitcoin-big-wallet-moves-but-not-big-price-spreads-on-todays-market/

[Wekkel]

Except for Craig Wright.

who??

Nobody important.

An opinion. You know what that's worth nowadays