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

[d_eddie]

Hahaha that’s about correct.

They make it really easy to use leverage on longing or shorting so that makes it appealing.  But it is a home of deep fuckery and the volume and order books are completely fake and their in-house trading team is front running trades.  Hard work to consistently make a profit there.  

... unless you stay under the radar with small trades.

[1714954307]

1714954307

[600watt]

happy mothers day 

Yeah, but its not the real one

call your mother and thank her for having given birth & raised you towards a level of intellectual capability that made it possible for you to identify this live changing invention the way you did.

[Gyrsur]

Hahaha that’s about correct.

They make it really easy to use leverage on longing or shorting so that makes it appealing.  But it is a home of deep fuckery and the volume and order books are completely fake and their in-house trading team is front running trades.  Hard work to consistently make a profit there.  

... unless you stay under the radar with small trades.

indeed the best way to make profits is to trade small quantities constantly.

like a market maker. 

[serveria.com]

I believe manipulation is in full effect currently as these exchanges are trying to cover their butts to liquidate leveraged shorts that have been stacking. As a result this will extend the length of our current bear market, cause a much faster and harder drop and possibly take us to lows lower than previously expected by even the most bearish of bears. Sleep tight!

https://www.tradingview.com/chart/BTCUSD/Sddv9e7I-A-possible-result-from-current-Bitcoin-manipulation/

Very constructive TA of just 2 sentences. Beartrolls are getting lazier each day. 2 minutes to type a SOMA bullsh*t TA (he's even too lazy to mention the exact numbers of doom ($1500 is not scary anymore?). You need to try harder, it won't work.  

[d_eddie]

https://twitter.com/CryptoHayes/status/1127482437490106369

Now that's a good indicator, kinda rules out tether fud.

I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.

every exchange does market making to provide liquidity to the market. there is no possibility to differ between market making (by the exchange itself or other market making parties) and the "real" volume by clients of the exchange. only the exchange itself knows the real figures.

EDIT: the so called "wash trading" or "fake volume" on the exchanges is in fact market making which provides liquidity to Buyers and Sellers. but the Noobs don't really understand how the business is working and start to blame the exchanges.

Bitmex is only dealing in derivatives (paper coin). So they say they are only acting as middlemen and profiting from commissions. Every user short has a matching user long and vice versa. They are not taking sides! Don't you believe them?  

[Gyrsur]

happy mothers day 

Yeah, but its not the real one

call your mother and thank her for having given birth & raised you towards a level of intellectual capability that made it possible for you to identify this live changing invention the way you did.

call your mother if you want to call!  

[Gyrsur]

https://twitter.com/CryptoHayes/status/1127482437490106369

Now that's a good indicator, kinda rules out tether fud.

I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.

every exchange does market making to provide liquidity to the market. there is no possibility to differ between market making (by the exchange itself or other market making parties) and the "real" volume by clients of the exchange. only the exchange itself knows the real figures.

EDIT: the so called "wash trading" or "fake volume" on the exchanges is in fact market making which provides liquidity to Buyers and Sellers. but the Noobs don't really understand how the business is working and start to blame the exchanges.

Bitmex is only dealing in derivatives (paper coin). So they say they are only acting as middlemen and profiting from commissions. Every user short has a matching user long and vice versa. They are not taking sides! Don't you believe them?  

BS!!  

this would mean in times with low activity of clients you would have a massive gap in price between Buyers and Sellers.

EDIT: take a look at decentralised markets like Bisq (Bitsquare) and you can figure it out for yourself.

[xhomerx10]

Guys I can't take this anymore!  Too much excitement for one weekend.




 PUMP EEEET!!!

[Retina]

happy mothers day 

Yeah, but its not the real one

call your mother and thank her for having given birth & raised you towards a level of intellectual capability that made it possible for you to identify this live changing invention the way you did.

call your mother if you want to call!  

This is mothers day Bitcoin created a magic nice day we are happy but alt Dump.

[d_eddie]

https://twitter.com/CryptoHayes/status/1127482437490106369

Now that's a good indicator, kinda rules out tether fud.

I think Bitmex only trades derivatives, so it can't be considered as the real trading volume.

every exchange does market making to provide liquidity to the market. there is no possibility to differ between market making (by the exchange itself or other market making parties) and the "real" volume by clients of the exchange. only the exchange itself knows the real figures.

EDIT: the so called "wash trading" or "fake volume" on the exchanges is in fact market making which provides liquidity to Buyers and Sellers. but the Noobs don't really understand how the business is working and start to blame the exchanges.

Bitmex is only dealing in derivatives (paper coin). So they say they are only acting as middlemen and profiting from commissions. Every user short has a matching user long and vice versa. They are not taking sides! Don't you believe them?  

BS!!  

this would mean in times with low activity of clients you would have a massive gap in price between Buyers and Sellers.

EDIT: take a look at decentralised markets like Bisq (Bitsquare) and you can figure it out for yourself.

I guess they justify the absence of wide gaps by the market making commissions they pay to users adding liquidity to the book. I'm playing devil's advocate but not really defending them, because the verlakking is plain to see in times of turbulence.

[El duderino_]

Guys I can't take this anymore!  Too much excitement for one weekend.




 PUMP EEEET!!!

Dammit XhomerX, I was watching the pre LFC-game talk, toke the laptop, opened the WO, saw your pump eeeet so instantly open the price chart, that we where attacking UP again

[El duderino_]

happy mothers day 

Yeah, but its not the real one

call your mother and thank her for having given birth & raised you towards a level of intellectual capability that made it possible for you to identify this live changing invention the way you did.

Of-course I contacted here, but she lives so faaaaaaaaaaar away from me  ... still she's always happy to hear mr of-course

[El duderino_]

[El duderino_]

^Boys my heart is beating RED ...... if everything stays as it is right now


Would be magical

[El duderino_]

Wooooooooow

City behind LFC in front

Last game Come On !!!!!!!!!!!!!!

Still long game !!!!!!!!!!!!!!!!

F*** one minute later equalised

[gembitz]

wake up neo    weeeee

[nutildah]

I have a dream too
Its wealth redistribution
From assholes to us.

[JayJuanGee]

It's so nice to go out for a walk on a beautifully sunny Sunday morning, and to come back home and see that your BTC is worth more that you left it...

A two-hour walk earned me 4 months worth of salary money...

Go Bitcoin, go!

In my case, 1 day earned me 4 years salary 

Keep this up, and you are going to have to give yourself a raise.

I recall that the first time that Bitcoin went above $2k in early 2017.  There was a certain sense of relief that I felt with my long term decision to invest in BTC - even though I thought that I had already made pretty decent investment decisions in my life to set myself up fairly well financially, even before bitcoin. 

Based on my earlier investments, I had created a kind of baseline expectation about how I was going to live, and that was based on my previous salary.. and attempting to live my life within a kind of continuation of my previous salary and therefore an ability to keep my standard of living through the rest of my life.

When BTC surpassed $2k, it became fairly clear that in order to spend what I had made, I was going to need to give myself a raise, and the more that BTC price goes up, the more comfort there is in the cushion, as well as developing a certain level of confidence that another raise is in order.

Even with current BTC prices floating around $7,100, we have more than doubled the price from the $3,122 bottom.  Congrats to anyone who feels that they may be able to give themselves currently or in the near future.  Of course, there is a decent sense that delayed gratification may be in order, so I can appreciate anyone who is tentatively planning to begin cashing in on their raise in the $30k plus territory, rather than engaging in any "cashing in" within our current price arena.

[d_eddie]

^^ +1 WOsMerit to nutildah for a tasty haiku!

Keeping my last sMerit for a non-legend (or non-goose, cause he's already a legend at heart).

[El duderino_]

the engine stutters for a moment??

Come on keep it going BTC