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

[Tzupy]

I was waiting for a decision, between bullish and bearish scenarios, since 6h PSAR was close to flip to bullish, and 12h PSAR close to flip to bearish.
With this bi-directional spike, both flipped, so no clue how this will unfold...

Just don't follow the price action for a month or two. Take a break.

Poor advice: the bullish scenario targets 5200$, while the bearish one targets 2100$. Quite a difference, and any early clue regarding the winning scenario would be very valuable to me.

[Bitcoinaire]

I was waiting for a decision, between bullish and bearish scenarios, since 6h PSAR was close to flip to bullish, and 12h PSAR close to flip to bearish.
With this bi-directional spike, both flipped, so no clue how this will unfold...

Where do you think we are compared to 2015? Or do you see it unfolding differently than back then?

[Saint-loup]

Breaking: Tether Silently Updates Its Terms – USDT May Not Be 100% Backed By FIAT

https://cryptopotato.com/breaking-tether-silently-updates-its-terms-usdt-may-not-be-100-backed-by-fiat/

[nutildah]

I was waiting for a decision, between bullish and bearish scenarios, since 6h PSAR was close to flip to bullish, and 12h PSAR close to flip to bearish.
With this bi-directional spike, both flipped, so no clue how this will unfold...

Just don't follow the price action for a month or two. Take a break.

Poor advice: the bullish scenario targets 5200$, while the bearish one targets 2100$. Quite a difference, and any early clue regarding the winning scenario would be very valuable to me.

Oh, why didn't you just say you were serious? In that case we'll consult the oracle:



Whoops, this thing must be broken.

[JayJuanGee]

Nice. Could've made a JJG pose tho.  

Your point?

[kenzawak]

BitcoinTalk Lost A Third Of Its Users In February

https://www.ccn.com/bitcointalk-lost-a-third-of-its-users-in-february

"The BitcoinTalk forum lost a third of its referrals from the bitcoin community in February, according to available traffic data from website analytics firm SimilarWeb."



And yet roach is still here... 

[JayJuanGee]

Oh?  So, with the new hat, Homer was bringing you back to some variation of your original avatar? 

Yes, my original avatar looked something like this.

Looks like Homer really did save you, then.... 

[JayJuanGee]

...

...

...

... ... ...

NOT!!!!


I have no power to save you from yourself.   

You fuck.   

[mindrust]

BitcoinTalk Lost A Third Of Its Users In February

https://www.ccn.com/bitcointalk-lost-a-third-of-its-users-in-february

"The BitcoinTalk forum lost a third of its referrals from the bitcoin community in February, according to available traffic data from website analytics firm SimilarWeb."



And yet roach is still here... 

There are multiple reasons.

1) The bear market. Basically, people lost interest in crypto.

2) The new merit system. Many of us got our legendary hero ranks before this new system and Many of us would still got so many merits and become legendaries in the new system too but newbies are very afraid of it. Most of them simply don't care about posting quality content anymore. Just spam and go.

3) No more good sig camps. And the requirements for the existing ones are very high so again, newcomers don't like it. All newb accounts are spamming ICO crap.

The major reason is the bear market probably.

Bitcoin lost more than half of its ATH value so losing only 1/3 of the forum members/activity is kinda success. Could have been worse.

[JSRAW]

BitcoinTalk Lost A Third Of Its Users In February

https://www.ccn.com/bitcointalk-lost-a-third-of-its-users-in-february

"The BitcoinTalk forum lost a third of its referrals from the bitcoin community in February, according to available traffic data from website analytics firm SimilarWeb."



And yet roach is still here...  

After going through with this article, I end up here

https://bitcointalk.org/index.php?topic=137.0


And then here, how many of you senior members interacted with this dude? he came online last time here on 14 Nov 2017


10k BTC worth of pizza  http://eclipse.heliacal.net/~solar/bitcoin/pizza/.t/IMG_0984.html

[Olegya199]

Breaking: Tether Silently Updates Its Terms – USDT May Not Be 100% Backed By FIAT

https://cryptopotato.com/breaking-tether-silently-updates-its-terms-usdt-may-not-be-100-backed-by-fiat/

What's the difference between a USDT being backed by a dollar if the dollar isn't backed by anything? People pay so much attention and attention to it. It doesn't make any difference to me, I made my choice last year and I don't worry about anything. Just waiting.

[JayJuanGee]

Breaking: Tether Silently Updates Its Terms – USDT May Not Be 100% Backed By FIAT

https://cryptopotato.com/breaking-tether-silently-updates-its-terms-usdt-may-not-be-100-backed-by-fiat/

What's the difference between a USDT being backed by a dollar if the dollar isn't backed by anything? People pay so much attention and attention to it. It doesn't make any difference to me, I made my choice last year and I don't worry about anything. Just waiting.

Certainly, I am not interested in pumping the value of the dollar, but you are living pie in the sky if you believe that the dollar is neither backed by anything nor has any value.

When I got into bitcoin in late 2013, I was considering various ways to diversify out of the dollar because nearly every single investment that I had was dollar dependent.  So hedging out allows for some risk diversification in case the dollar crashes.  

Since late 2013, the dollar has done pretty well, especially given the ongoing printing shenanigans, and even exposure of real nonsense discrediting of the USA in various ways, and part of that success remains relative confidence compared with other currencies in which you may consider placing your value.

Even though ongoing dollar shenanigans seems to continue including ongoing USA government corruption concerns, there is no real immediate impending doom concerns for the dollar - though I would not write off possible sudden downfall and reevaluation - and surely bitcoin has decent likelihood to become one of those kind of value magnets.  

It still seems that those of us who are investing in bitcoin are fairly lucky to both recognize a continued likely value flow into bitcoin in the coming years, but let's not fool ourselves into some kind of belief that either the dollar has no value or backing and is going to implode without some kind of decently long and drawn out fight, if it comes to that.  

Furthermore, even though I believe that currently bitcoin is secure enough to experience another 10x to 100x value increase (at least spike  --- maybe not sustain), there are still not enough bitcoin user-friendly or even institutionally diversified systems in place to really take on or absorb a significant percentage of incumbent dollar-backed and dollar-based systems.

[erre]

Tether is probably a fractional reserve scheme, also they are now clearly saying that they use money to buy "other assets" than dollar and that (if I understand  well) they give loans to "affiliates".

That's pretty much a plain admission of scam to me. They are basically acting as a filthy bank, gambling your money for (their) profits.

Am I understanding well the significance of the statement?

[LFC_Bitcoin]

Just been to dinner with my gf’s family (NOCOINERS). Had a pretty boring time!
Back home now, going to roll a fat blunt & go to the HODLCAVE & watch football in bed.

[rebal15]

BitcoinTalk Lost A Third Of Its Users In February

https://www.ccn.com/bitcointalk-lost-a-third-of-its-users-in-february

"The BitcoinTalk forum lost a third of its referrals from the bitcoin community in February, according to available traffic data from website analytics firm SimilarWeb."



And yet roach is still here... 

There are multiple reasons.

1) The bear market. Basically, people lost interest in crypto.

2) The new merit system. Many of us got our legendary hero ranks before this new system and Many of us would still got so many merits and become legendaries in the new system too but newbies are very afraid of it. Most of them simply don't care about posting quality content anymore. Just spam and go.

3) No more good sig camps. And the requirements for the existing ones are very high so again, newcomers don't like it. All newb accounts are spamming ICO crap.

The major reason is the bear market probably.

Bitcoin lost more than half of its ATH value so losing only 1/3 of the forum members/activity is kinda success. Could have been worse.

4) centralization by moderators.
5) accusation
6) Porn, drugs .. etc

[HairyMaclairy]

McAfee as the voice of reason responding to Ayre’s pedo pics

[HairyMaclairy]

Tether is probably a fractional reserve scheme, also they are now clearly saying that they use money to buy "other assets" than dollar and that (if I understand  well) they give loans to "affiliates".

That's pretty much a plain admission of scam to me. They are basically acting as a filthy bank, gambling your money for (their) profits.

Am I understanding well the significance of the statement?

Breaking news:  Tether is a shitcoin

[Tzupy]

I was waiting for a decision, between bullish and bearish scenarios, since 6h PSAR was close to flip to bullish, and 12h PSAR close to flip to bearish.
With this bi-directional spike, both flipped, so no clue how this will unfold...

Where do you think we are compared to 2015? Or do you see it unfolding differently than back then?

If this will play similar to 2015, then about 6 months from now weekly MACD should cross into positive.
But I suspect this bear market is of a higher order than the 2014 one, so I wouldn't count on a quick recovery.

[Last of the V8s]

https://twitter.com/IamNomad/status/1106292877078990855?s=20
SCOOP - cboe/cfe is not adding new $xbt contracts for trade while it (re)assesses how it plans to continue to offer digital asset derivatives for trading . This is effective this effective March 2019. Last contract listed is xbtm19.
 
no one trades there lols

https://markets.cboe.com/resources/product_update/2019/New-CFE-Products-Being-Added-in-March-2019-Update.pdf

[Neo_Coin]

Tether is probably a fractional reserve scheme, also they are now clearly saying that they use money to buy "other assets" than dollar and that (if I understand  well) they give loans to "affiliates".

That's pretty much a plain admission of scam to me. They are basically acting as a filthy bank, gambling your money for (their) profits.

Am I understanding well the significance of the statement?

Breaking news:  Tether is a shitcoin

No problem, there is USDC, the Coinbase stablecoin