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

[Toxic2040]

-snipped-

 I still think they should make themselves known. We need a lurker amnesty.

Come on out. We won't hurt you.

+1 WOsMerit

I suspected you were not a complete tosser once you stopped feeling so claggy. /s  

Nice one.

Finally, someone polite enough to invite the guy in the corner.

I've been lurking since Spring 2012. AMA.

+1 WOsMerit

[1713855749]

1713855749

[El duderino_]

fabulous Black Guy
BoB, WO love you!! Stay abide
No homo got my word

[HairyMaclairy]

A comprehensive tweet storm unpicking Bcash and SV







https://twitter.com/danheld/status/1084848063947071488

[HairyMaclairy]

Going cashless doesn't work if there's a power cut.

ATMs don’t work without power. Most people don’t store large amounts of cash in their homes.

[RoomBot]

A comprehensive tweet storm unpicking Bcash and SV

Yup.

Peer-to-Peer payments.
Any Newbie understands that.

[BTCMILLIONAIRE]

^ Just so you can finally shut up repeating the same old argument over and over. Yes, we are going to a cashless society. That is probably already irreversible, it's just a matter of time.
No, I don't think states are supporting Bitcoin for that nor they really need to but if that were the case it would go to the moon first.

Now just fucking stop FFS.

What do you mean we are going to a cashless society?

The only time I have used cash in the past 12 months was when I was defeated by a parking machine in a UK seaside town which would not let me out without a pound coin.  I had to go to an ATM and then to a pub to buy a beer so I could get a coin.  Fucking savages in the UK.

Well that's exactly what I mean. I still profusely use cash because of reasons. Most people don't because of convenience. But we are going onto a path where soon will come the day that we won't be able to use cash (for the most part) even if WE WANTED TO.

Most euro countries you can not even buy a high end TV set using cash. It's forbidden by law. They will keep decreasing the max limits over time.

Why?

Because cash is way harder to control than banking fiat or even Bitcoin.

I only use cash for herbs or while in Japan. Too lazy to pass by an ATM otherwise.

What's the deal with those max limits though? And how recent is that? I bought a high-end TV some 10 years ago with cash and didn't have an issue with that. Granted that was pay cash on delivery, but still.

[kenzawak]

" Russia Will Buy $10 Billion in Bitcoin, Ditch US Dollar and Become Huge Crypto Whale: Russian Economist "  

Source : https://dailyhodl.com/2019/01/08/russia-will-buy-10-billion-in-bitcoin-ditch-us-dollar-and-become-a-huge-crypto-whale-russian-economist/

It seems like this might be fake news according to this article which is in Russian :

https://www.rbc.ru/economics/09/01/2019/5c36271a9a79472653e32608

I don't speak Russian but from what I got with Google Translator, Russians have changed $100 Billions into Yuans, Yens and Euros. There was no plan of changing them into BTC (or is this about another $100 Billions ?)

More about this fake news probability :

https://cryptoslate.com/fake-news-russias-alleged-10-billion-bitcoin-investment/

[Toxic2040]

https://coinalyze.net/coin/bitcoin/
lots of TA toys for true believers in that

+1 WOsMerit

Looks kinda bitcoinwisdomish. Nice.

-----------
Bitcoin

Testing resistance at the 0.5 fib with a couple of throw backs. The MACD is pinching over while the RSI stoch is twisted. This is telling me that locally we are near the top of our range for now. I would expect some consolidation over the next couple of cycles.
1h


We have been traveling down a channel between the 0.618 and 0.5 fib for awhile now. I think we will test support soon as clouds loom closer ahead. Breaking this resistance would indeed be bullish.
4h


Large wedge in sight. Looks to be mostly sideways until the 20th or resistance is broken. #dyor
D

#stronghands'19

[BTCMILLIONAIRE]

I wonder what exchange they use. Don't tell me they use finex.

Absolutely no way in hell are they using a wild crypto.

The article repeatedly references 'blockchain' and nothing but.

Potentially to camouflage their FX tradings so as to not attract attention to a potential market inefficiency that can be abused with Bitcoin. Not saying it exists or that's what's going on, but there are various reasons not to just say "blockchain" when in reality you mean Bitcoin or some other crypto.

[jojo69]

Fibbodoggy

[BTCMILLIONAIRE]

" Russia Will Buy $10 Billion in Bitcoin, Ditch US Dollar and Become Huge Crypto Whale: Russian Economist "  

Source : https://dailyhodl.com/2019/01/08/russia-will-buy-10-billion-in-bitcoin-ditch-us-dollar-and-become-a-huge-crypto-whale-russian-economist/

It seems like this might be fake news according to this article which is in Russian :

https://www.rbc.ru/economics/09/01/2019/5c36271a9a79472653e32608

I don't speak Russian but from what I got with Google Translator, Russians have changed $100 Billions into Yuans, Yens and Euros. There was no plan of changing them into BTC (or is this about another $100 Billions ?)

More about this fake news probability :

https://cryptoslate.com/fake-news-russias-alleged-10-billion-bitcoin-investment/

Kind of makes sense. Why would they announce a move that would massively shift the price against their favour in the short term instead of just stealth buying like JPM & co?

[BTCMILLIONAIRE]

Fibbodoggy

+1 WO sMerit

[Hueristic]

What's the saying? Oh yeah. The market can stay irrational longer than you can stay solvent.

Unfortunately, this is usually true.

[JayJuanGee]

Something to ponder: your carefully crafted high quality posts matter.

https://www.reddit.com/r/slatestarcodex/comments/9rvroo/most_of_what_you_read_on_the_internet_is_written

This is something I ponder on and off. That 1-3% figure is pretty far out. I'll bet there are people who've been reading this thread for longer than most of us have been here who've never even registered, let alone written anything.

I'm sure it's easy to be intimidated by the astonishing power and paint-stripping insight of titanic intellects such as the one I happen to possess. I still think they should make themselves known. We need a lurker amnesty.

Come on out. We won't hurt you.

Finally, someone polite enough to invite the guy in the corner.

I've been lurking since Spring 2012. AMA.

Welcome to participation, D. Lerk. 

Regarding your AMA statement, what has been your BTC investment strategy since 2012?   Have you bought/sold any?  Did you get distracted by any other cryptos?  Have you changed your strategies over the years?  or have you been scared out of bitcoin based on various FUD over the years?

[kenzawak]

This needs to be verified but I don't like it at all (sorry if it's a repost) :

https://www.longhash.com/news/bakkt-bitcoin-etf-fail-to-get-green-light-amid-us-government-shutdown

The Bakkt delay is due to the fact that the company requires the approval of the US’s Commodity Futures Trading Commission (CFTC). According to information obtained by Longhash, the shutdown has moved that approval date back to April.

[HairyMaclairy]

Imgflip

[bones261]

This needs to be verified but I don't like it at all (sorry if it's a repost) :

https://www.longhash.com/news/bakkt-bitcoin-etf-fail-to-get-green-light-amid-us-government-shutdown

The Bakkt delay is due to the fact that the company requires the approval of the US’s Commodity Futures Trading Commission (CFTC). According to information obtained by Longhash, the shutdown has moved that approval date back to April.

Well, it would be nice to know the exactly who their sources are. Otherwise, fake news.

[JayJuanGee]

https://bitcointalk.org/index.php?topic=5095156.msg49233859#msg49233859
congrats to regulars here who are now on DT2 - means they're pretty well-trusted in the wider forum
bones261
Elwar
gentlemand
JayJuanGee
nutildah

I am surprised because I don't really understand how to use it.  I have not really actively given trust feedback to anyone, so far.

https://bitcointalk.org/index.php?topic=5095156.msg49233859#msg49233859
congrats to regulars here who are now on DT2 - means they're pretty well-trusted in the wider forum
bones261
Elwar
gentlemand
JayJuanGee
nutildah

Been trying to educate myself on the new DT settings & it seems only 5 people have me in their trust settings.
Bunch of bastards, I’ve got loads in mine as well, feeling very unloved

Congrats to those selected for DT2 though.

LFC... I had seen that you had left me positive trust feedback a couple of months ago, but I have not left you any (or anyone else for that matter).  I might have to get around to leaving some trust feedback, at some point?

gentlemand

What the fuck?

I've loudly and longly proclaimed my total lack of understanding of this area.

I'd better outsource this sideline to my click farm in India.

I am not sure about outsourcing, but some kind of ELI5 could help, and yeah, maybe having an assistant could be helpful..?  How does the assistant thing work, MicG(s)?

Finally, someone polite enough to invite the guy in the corner.

I've been lurking since Spring 2012. AMA.

How does it feel to be vastly richer than the mongs in here who've spouted millions of words and achieved very little because of it?

I am supposed to be amongst the most wordy of posters in this thread.  That's what I have been told.

Let's say that I average about 50 words per post, and since I am at a bit more than 14k posts, that would be a bit less than 1 million words... (14,000 x 50 = 700,000).  

[kenzawak]

OTC Buying Pressure Increases

https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/

"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges."

[HairyMaclairy]

OTC Buying Pressure Increases

https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/

"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges."

We heard the same story at $6k.  BS. 

There is genuine organic demand out there but I’m not looking to OTC, Wall Street bonuses or Chinese New Year to right the ship.