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

[Toxic2040]

Good morning hodlers.


It appears our task is not yet complete as dreams of a weekend rally weaken and begin to dwindle. Mostly a sideways continuation pattern following the current trend of smallish ups and downs.

A TK crossing such as we are seeing on the hourly is usually a bullish indicator but it appears someone is taking this opportunity to sell into it.
1h


On the 4hr chart, what was once support has become resistance again. I think there is a high probability that we test support in the 0.5 fib range by late next week. #dyor
4h

#stronghands

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[micgoossens]

I just published Bitcoin’s True Market Dominance


via Imgflip Meme Generator


https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf?_referrer=twitter

https://twitter.com/jpthor__/status/1108995693786468352?s=21

[Last of the V8s]

Majority of bitcoin trading is a hoax, new study finds
Ninety five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise this week.
The firm analyzed the top 81 crypto exchanges by volume on industry site CoinMarketCap.com. They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate.
“People looked at cryptocurrency and said this market is a mess, that’s because they were looking at data that was manipulated,” says Matthew Hougan, global head of research at Bitwise.
https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html

They have discovered the gunpowder.

lol
Well well well trust cnbc to pick up on that sort of fuddy old news when the real fomo news is right there. WSJ did a similar piece. That study is

https://twitter.com/BitwiseInvest/status/1109114656944209921
As part of 226 slides presented to the SEC on our ETF filing, we did a first-of-its-kind analysis of *order book data* from all 81 exchanges reporting >$1M in BTC volume on CMC. https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

Yes Bitwise making their case to some idiot fiat gang about their ETF.
Work continues on the bull...

[alevlaslo]

I just published Bitcoin’s True Market Dominance


via Imgflip Meme Generator


https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf?_referrer=twitter

https://twitter.com/jpthor__/status/1108995693786468352?s=21

BTC, XRP, ETH losing domination, the others increases

altcoins buy in connection with oversold, I think the reason for this

[Last of the V8s]

The stupid. It fascinates.

[Toxic2040]

The stupid. It fascinates.

[Pamoldar]

BTC, XRP, ETH losing domination, the others increases

I Strikthrough the alts.

We have gone through this stories many times. Stop underestimating BTC. It's the reason all ALTs are there.

[micgoossens]

Lightning Labs just released the alpha version of a new protocol called Lightning Loop, designed to give users the ability to deposit and withdraw #bitcoin from their payment channels without closing these channels entirely. @lightning ⚡️

https://twitter.com/bitcoinmagazine/status/1108786578477010945?s=21

[micgoossens]

via Imgflip Meme Generator

https://twitter.com/simondixontwitt/status/1109139302418649093?s=21

[BobLawblaw]

https://www.coindesk.com/crypto-lender-blockfi-cuts-interest-rates-paid-to-largest-account-holders

I would be nervous AF locking up $1M in BTC under someone else's control, unless I was looking to liquidate it, FWIW.

BlockFi has changed the terms of its interest-bearing cryptocurrency deposit account just weeks after launching it.

Beginning April 1, for accounts with more than 25 bitcoin or 500 ether, BlockFi will pay only 2 percent, not the originally advertised 6 percent, according to an email sent to customers March 20 and a company blog post that same day.

“Due to the demand for our product, we’re making a few changes to our product pricing that will affect your account starting in April,” the company said in the email.

The interest rate on smaller-balance accounts will remain 6 percent, compounding monthly for an annual percentage yield (APY) of 6.2 percent, according to the email, as well as a tweet sent by BlockFi’s director of marketing, Brad Michelson.

“Everything below 25 BTC still gets the 6.2% APY,” he wrote.

BlockFi CEO and founder Zac Prince told CoinDesk that the change was caused by the unexpectedly large demand from institutional clients that wanted to deposit more than $1 million worth of crypto.

[VB1001]

Majority of bitcoin trading is a hoax, new study finds
Ninety five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise this week.
The firm analyzed the top 81 crypto exchanges by volume on industry site CoinMarketCap.com. They report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate.
“People looked at cryptocurrency and said this market is a mess, that’s because they were looking at data that was manipulated,” says Matthew Hougan, global head of research at Bitwise.
https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html

They have discovered the gunpowder.

lol
Well well well trust cnbc to pick up on that sort of fuddy old news when the real fomo news is right there. WSJ did a similar piece. That study is

https://twitter.com/BitwiseInvest/status/1109114656944209921
As part of 226 slides presented to the SEC on our ETF filing, we did a first-of-its-kind analysis of *order book data* from all 81 exchanges reporting >$1M in BTC volume on CMC. https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

Yes Bitwise making their case to some idiot fiat gang about their ETF.
Work continues on the bull...

Yes, the amount of trash published by the media is incredible and the worst is who provides the data.

[JayJuanGee]

You are missing an important point: there will be no distribution, until the Coinlab lawsuit will be sorted out, at least in the first Court.
The reason is that the Coinlab claim, of about 16 billion $, is so (ridiculously) large that it's impossible to fairly attribute voting rights.
Until then, Kobayashi may decide (he did not promise to withhold from selling) to sell more BTC and BCH, if the Court will approve.

Since last time sold almost at top we should not expect any selling in next 2 years since they obviously know what they are doing.

You know?  Kobayashi san has proven to be a pretty sharp motherfucker in retrospect.

Um, no... Kobayashi would like to sell all soon, but there was strong objection from the creditors present at the meeting.
Anyway, since the forks other than BCH won't be distributed, they will be 100% sold, probably by auctioning the keys.

BCH includes both Bcash ABC and Bcash SV?  Both of those will continue to be held by the trustee, for now?

[Raja_MBZ]

When BTCBTC go to downtrend so disappointed some people and feel this react  (maximum new trader).

"All I wanna say is that
They don’t really care about us"

[JimboToronto]

Good morning Bitcoinland.

The battle for $4k continues... currently $4009USD/$5378CAD (Bitcoinaverage).

How much longer before we win this fight and start properly moving up again?
____

Finally getting my work finished up. All materials have been acquired, the block and concrete electrical meter structure at the property line has been completed and the new 240V/120A 12-breaker panel installed.

The electrician is busy wiring them together and I've started measuring while my buddy has started cutting material for my newly secured windows and fire escape. My new ensuite crapper is working like a charm.

As usual, all my infrastructure improvements are getting completed at the 11th hour. Been here almost all winter and it's all just getting done now. Mexican time. LOL  

I'm booked to fly up to Toronto on Tuesday. The vernal equinox is in the books and winter is officially over. Let the baseball season begin.

[Last of the V8s]

https://twitter.com/Mounia_NL/status/1108840070788849664

[Pamoldar]

https://twitter.com/Mounia_NL/status/1108840070788849664

What happened?
I really don't know Katy Perry event.

[Last of the V8s]

https://twitter.com/Mounia_NL/status/1108840070788849664

What happened?
I really don't know Katy Perry event.

It heralded the top of the 2015-17 bull.

[VB1001]

Bitcoin Futures Volume Is More Significant Than You Think, Bitwise Says

The bitcoin futures market is far larger, relative to the spot market, than previously thought, says Bitwise Asset Management.

Bitwise is the best  

(Ironic mode)

https://www.coindesk.com/bitcoin-futures-volume-is-more-significant-than-you-think-bitwise-says


I'm going to drink a beer and listen to some good music, I hope to see a big green dildo when I get back.

Bye.

[Tzupy]

You are missing an important point: there will be no distribution, until the Coinlab lawsuit will be sorted out, at least in the first Court.
The reason is that the Coinlab claim, of about 16 billion $, is so (ridiculously) large that it's impossible to fairly attribute voting rights.
Until then, Kobayashi may decide (he did not promise to withhold from selling) to sell more BTC and BCH, if the Court will approve.

Since last time sold almost at top we should not expect any selling in next 2 years since they obviously know what they are doing.

You know?  Kobayashi san has proven to be a pretty sharp motherfucker in retrospect.

Um, no... Kobayashi would like to sell all soon, but there was strong objection from the creditors present at the meeting.
Anyway, since the forks other than BCH won't be distributed, they will be 100% sold, probably by auctioning the keys.

BCH includes both Bcash ABC and Bcash SV?  Both of those will continue to be held by the trustee, for now?

The last report (20th March 2019) says nothing about the 2 rival forks of BCH. But my understanding is that Kobayashi is afraid to be the custodian
 of so much crypto for much longer (he may have been a target for hackers), so he personally wants to dump all crypto, if the Court will allow this.

[Pamoldar]

I'm going to drink a beer and listen to some good music, I hope to see a big green dildo when I get back.

Bye.

You mean you are wishing to see Bob? 😛
I mean have fun bother 🙂