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

[hodl_2015]

FFS everyone call your state Attorney General, your local Sheriff or Police Chief, your Governor, your Senator, you Congressman, the SEC, the FBI, the IRS, the CIA, the CFTC, and lets get some crackdowns on Bitcoin, Bitcoin Exchanges, and all the bad Bitcoin criminals so we can pump this thing to 100k in a month or two.  Moar FUD!

SEC doesn't have time to go after real criminals, they are too busy with Elon's tweets. I see you left the NSA out, since they made bitcoin :-)

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[Lambie Slayer]

https://www.ccn.com/bitcoin-democrat-ban-cryptocurrencies

"By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States.

“I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.”

Congressman Sherman, who’s from California, made the remarks May 9 at a meeting of the House Financial Services Committee."

We need more politicians like this to help pamp us to 100k right away

[nutildah]

You're bored so you deem it acceptable to bore us with your unoriginal stories

Ok how bout this version?

I won my first bitcoin (1,450 of them) from Hal Finney in a bet of whether or not bitcoin could gain resistance from DDOS attacks by implementing two lines of code I had written for my own e-money, ByteCash. I was the biggest donator of btc to WikiLeaks, as I used to go to strip clubs with Julian Assange on the regular, and I also taught Ross Ulbricht everything he knows. He would have stayed out of prison had he heeded my advice but he was too much of a smarty pants.

Also, Last of the V8s is my bastard son.

You made bytecash?  Nicholas?  Is that you?  Is that why you hate Monero so?

I've given up my anti Monero crusade. Don't care one way or the other about it any more. I picked the name ByteCash because it was a pretty generic name for a crypto and it doesnt surprise me that it actually exists.

I think there is a decent chance CSW gets tried for perjury.

I will drink a bottle of wine if he does.

This is a sentiment we can all agree on. Let's call it the Craig Perjury Wine Challenge.

[HairyMaclairy]

Most excellently subtle

Well done. So subtle I have NFI what’s going on.

[HairyMaclairy]

Litecoin finally caught a bid...it's fucking carnage out there, wow.

It’s safe and dry and warm in here, mostly from the rocket heating our arses

[nutildah]

Bitcoin up shitcoins down

Holy Altcoins Batman

This is the first time I've witnessed this type of price action for years.

It blows a clear hole through my long-standing theory about price action, correlations and such.

The market really is evolving.

Still it's good to see Dash is about to flip BSV, which like much of the alt market, remains incredibly overvalued.

And how is tether down >3%? More importantly, why do people keep using it??

[ErisDiscordia]

Hey Elwar, glad to hear you're safe. Hopefully one day it will be safe for you to tell your story of how you did it.

[mindrust]

Tether went as low as $0.90 before, a %3 drop is nothing unusual for usdt. Why would anyone use it is a question beyond my understanding. I imagine there are only 3 types of usdt holders:

1-Exchanges (finex, binance and a few other smaller ones)
2-People who carry their money from one exchange to another and dump usdt right away. (I'd rather use crypto but i guess some people don't want to get hit by the volatility. I can understand that.)
3-Some morons who have no idea about what they are holding. (Plenty of them around)

Anyone who understands what usdt is doesn't touch usdt with a ten feet pole.

[Biodom]

"hodlers" have absolutely no power in POW as long as they don't run a node.

This is not strictly true, if they leave en-masse then the price will no longer be as supported and the mining will become less profitable and the networks security will suffer as a result.

More accurate to say it is completely untrue. Market votes with its feet and I love to dump shit forks.

My original post has NOTHING to do with forks.
If you want to maintain that by hodling you are actually UASFing, be my guest...it is a rather harmless "delusion of crowds".

[Icygreen]

Somehow I feel a mad fiddler fits here. https://www.youtube.com/watch?v=faFZPzJMaGM
Carolina Country Music Festival here we come!

[nutildah]

Tether went as low as $0.90 before, a %3 drop is nothing unusual for usdt.

Right, I remember that. It should have been killed right then and there, but I think it kind of has some "too big to fail" aspects working for it.

The difference between then and now is today there's a wide assortment of other stablecoins to choose from. For years usdt was the only game in town. There's currently 5 other decent competitors out there.

[HairyMaclairy]

Dems the point

[Ibian]

Too much optimism. Time to sell a little bit.

https://www.youtube.com/watch?v=RBHZFYpQ6nc&t=

[vroom]

bitfinex/bitstamp spread update:



almost back to normal

[GreatArkansas]

Hello bears, welcome to $6,300
#RektItBaby

[alevlaslo]

the story always develops in a spiral, the subsequent waves are longer, not the same, so the weekly trend at that time is comparable to the monthly now

[asu]

Welcome $6,300 

[fillippone]

Most excellently subtle

Well done. So subtle I have NFI what’s going on.

No idea, my broken english doesn't allow me to understand this.

[toknormal]

Bitconifer now heading straight for the 10k level.

Logarithmic cycles getting front run. Everyone knows the pattern by now.

Limited coins left for trade. Rapidly going out of circulation since the last 2 major cycles and in the hands of hodlers. Regulatory frameworks coming to pave the way for institutionals.

Funds moving in.

[rjclarke2000]

Hi guys,

Just returned here to see pumpy gifs and memes. I hope you are all well