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

[gentlemand]

The price of Bitcoin should be skyrocketing on BFX as punters move their cash out.  So why isn’t it?

It's $150 above now. Other Tether places are following. 

[1582143041]

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[1582143041]

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[1582143041]

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[Lambie Slayer]

Financially Independently

[BTCMILLIONAIRE]

The price of Bitcoin should be skyrocketing on BFX as punters move their cash out.  So why isn’t it?

So we can keep accumulating.

[HairyMaclairy]

Are we going to see another run on the bank triggering a sky rocket?

Just my luck I am taxiing for a 10 hour flight. See you all tomorrow on the other side.  

[gentlemand]

Just my luck I am taxiing for a 10 hour flight. See you all tomorrow on the other side.  

Drop the flight number here. I'm sure someone will call in a bomb threat for you.

[jojo69]

sorry V8

corrected

[Last of the V8s]

lol^

https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
119,538.08825333 BTC
(620,117,960.62 USD)
wallet: Bitfinex-coldwallet

likely hot wallet now empty
https://www.blockchain.com/btc/address/3JZq4atUahhuA9rLhXLMhhTo133J9rF97j

[gentlemand]

https://medium.com/@mathias_61938/the-man-behind-the-curtain-81ecf49fa339

According to this Erik Vorhees had an office across the corridor from Crypto Capital. This rabbit hole goes so deep that the real culprit will turn out to be YOU and you didn't even know it.

[Lambie Slayer]

The 2014/15 fractal continues to break down as the price breaks upwards.  Bullish.  

Bullish indeed. I still think we test 4ks very soon, and then start a serious run for spectacular new yearly highs.  I see this 2015 fractal being outperformed to the upside a lot this year.

Reason being is that in 2015 we had no QE, and interest rates were kept at zero. This time in 2019 which is our repeat of 2015 so to speak in the four year halving cycle, and we have an increase in rates being halted, and QT is ending. Without QT and rising rates all of 2018 we would have never gotten as low as 3100 so the fractal represents a low in 2015 achieved without the tailwinds we had in 2018, and now that those tailwinds are alleviated, it makes perfect sense to outperform the fractal by a large amount. US stocks hit all time highs today, we are back in a full blown risk on environment, and no risk is better than Bitcoin.

USD is the global reserve currency until King Bitcoin takes his rightful throne, and its natural for interest rates and QE, QT, operation twist, etc to have major headwind and tailwind effects on the BTC/USD exchange rate.

The Money Printers are firing the printing presses with reckless abandon, ensuring the Bull Run will be glorious. With self destructing enemies like this, who needs friends.  

130 days into the new Baby Bull Market and all is well.  

So we tested 4ks and I doubt its over.  Seems likely we get to 4000-4200 range by the end of May. This is not a bad thing as that is the perfect launch pad to really push our way out of the 2015 fractal due to the money printing headwinds listed above. QT is still happening at 50 billion per month till September I believe, so the mega run should start around then and we break out of the fractal in spectacular fashion.

 To be a bit more specific I do think the fractal is our best reference for what will happen this cycle and when I say we break out of it, I really mean we create a similar fractal that is warped/distorted to the upside by a good bit. The basic gist of dicking around this year back and forth like 2015 and starting the explosive mega bull run at the end of the year is still the most likely route imo, just this time distorted to the upside vs last time.

TLDR- Big down next 30 days  , really big up next 100 days.   Really really really big up next few years.  

[lightfoot]

Shit happens, but some folks are just begging for it. I'm sure a normal dose of, say, L, couldn't do that to a normal guy.

Depends. Most drugs affect the application layer of what makes you.... you. They make small changes that go away when rebooted. Pot and alcohol fall in this category.

A few affect the operating system that the thing called "you" runs on. They make more substantive changes in how you act and change a number of things that make you you. Good opiates fall in this category.

LSD and such twiddle around with your firmware or in some cases your microcode. They can change who you *are*, and can rewrite the thing your mental operating system runs on. Use with care.

[Last of the V8s]

mmm..that blu cheese dip

https://i.imgur.com/WYQPmAg.mp4

[RoomBot]

Speaking of dip.

BTC crashed to $5,000 from $5,500 today, so I cashed in some free Stellar Lumens for some BTC Dip.

[BTCMILLIONAIRE]

Shit happens, but some folks are just begging for it. I'm sure a normal dose of, say, L, couldn't do that to a normal guy.

Depends. Most drugs affect the application layer of what makes you.... you. They make small changes that go away when rebooted. Pot and alcohol fall in this category.

A few affect the operating system that the thing called "you" runs on. They make more substantive changes in how you act and change a number of things that make you you. Good opiates fall in this category.

LSD and such twiddle around with your firmware or in some cases your microcode. They can change who you *are*, and can rewrite the thing your mental operating system runs on. Use with care.

I don't know anything about opiates (don't care for addictive substances or anything that you could die from), but what LSD does is create new neurons as well as new connections between neurons (which is why some experience synesthesia under the influence).
It's pretty much what happens when you learn new things and also why it's so powerful in treating depression by breaking up bad habits (or thought patterns) through the creation of new ones.

This can go out of control if you take retarded amounts in retarded environments and situations, but responsibly (low dose, no mental issues, physically and mentally healthy, not on medication, no combination with other drugs etc.) this isn't just harmless but can also be a very useful tool.

One time I used small doses to study and the results were pretty remarkable. You can go much deeper than you ever could hope to in a sober state, although it's very easy to "overdose" in the sense that you'd be too busy staring at random stuff and going off on tangents instead of focusing on your task.





Speaking of dips, eating a snack just made me extremely hungry. Thanks body.



Holy fucking volatility Jesus.

[BobLawblaw]

https://twitter.com/whalecalls/status/1121604682273689600

[xhomerx10]

^Yow "RED trust queen" get yourself a HAT  

XhomerX can make something with cats and red I guess

I could, yes. Where is my 4k HAT?

 I'm on it.

[xhomerx10]

...been dabbling with some 3d modeling software.

[theymos]

BitFinx responds: https://www.bitfinex.com/posts/356

Confirms that a ton of money is at least "tied up".

[vit05]

BitFinx responds: https://www.bitfinex.com/posts/356

Confirms that a ton of money is at least "tied up".

"seized and safeguarded"

By who?

[Searing]

BitFinx responds: https://www.bitfinex.com/posts/356

Confirms that a ton of money is at least "tied up".

"seized and safeguarded"

By who?

Crap...this does not bode well for BTC price...

[JayJuanGee]

In crypto there are only 2 proper networks available:

What about lightning network?  Doesn't that count as something to be specified, even though it is a sub-category of bitcoin?

There is a lightning network on mainnet, and a separate lightning network on testnet. It exists as part of the relevant chain not as a different category. Please don't spread this confusion.

I was not spreading anything.  I was asking a question, which you seemed to have clarified the framework, except for an implication that I am spreading anything.