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

[jonoiv]

like it has for long periods before you mean?  Like when miners mined at a loss? like when they had to folk it to reduce the sha256 hash power so that the price could keep up with the profit curve, with countless forks thereafter.   Like when they have to hire an army of bull trolls to maintain the bull phase .  Like when they have to DDOS multiple sites, log multiple people out of trading accounts during breakouts to make it work?  or are you discussing something different?  

you actually believe that "hiring bull trolls" keeps the price of bitcoin rising?   i want to be hired!

Who pays for the "buy bitcoin"  adverts that appear from the mid to the end of every single bull run and the start of all downtreands?

Why don't the adverts continue through the accumulation phase?

Please tell me who pays for this, and if it's a solo investor, why do they always pull the adversts at the accumulation phase?

wait, i was asking about hired bull trolls, not about advertisements. do you really believe that hiring "bull trolls" will make the price of a multibillion $ asset to rise?

anyway: maybe you are mixing up cause and effect here. at the top of a bull run the mania is biggest. of course you would expect to see more advertising in a mania phase compared to a phase when no one gives a shit about bitcoin. what is your point?

It seems to me,  in the accumlation phase mass posters are talking doom and gloom,  and in the top of a bull run people are shouting moon.  Despite bitcoins history of massive swings, the same old story seems to emerge.   I find it hard to see how that many people all sing to the same tune, when time and time again the oppersite happens.   So i belive there are a fair few posters that say one thing but do the oppersite, either for vested interest or because they are being paid to do so.



EDIT:  also new posters appear at the peaks and the troughs ,  they seem faily knowledgeable, like they know the landscape but are frequently wrong, then they disappear never to be seen again.  when the next peak appears a new bunch of faily knowledgeable posters appear.... the cycle continues, over and over.

[MrFreeRoMan]

According to the article above, daily price movements are now as big as they’ve been since the capitulation phase of mid-November.

https://www.bloomberg.com/news/articles/2019-05-28/bitcoin-s-wild-ride-resumes-as-volatility-returns-with-vengeance

Sonny Singh, BitPay Inc. chief commercial officer, discusses the landscape for cryptocurrencies with Bloomberg's Emily Chang on "Bloomberg Technology."

https://www.bloomberg.com/news/videos/2019-05-28/jump-in-cryptocurrencies-is-just-the-tip-of-the-iceberg-bitpay-s-singh-says-video

[kenzawak]

lol reminds me of a pic I took in a Caracas restaurant a few years ago :

[LFC_Bitcoin]

Bought £750 worth today, I had to take some fiat savings out for my trip to Madrid for the CL Final. I felt a bit bad doing it so I thought fuck it, and bought some BTC with a bit of the money to cheer myself up.

I don’t really care if the price goes down in the short term. The end result is always the sake - INSANE PROFITS.

[MrFreeRoMan]

Bought £750 worth today, I had to take some fiat savings out for my trip to Madrid for the CL Final. I felt a bit bar doing it so I thought fuck it, and bought some BTC with a bit of the money to cheer myself up.

I don’t really care of the price goes down in the short term. The end result is always the sake - INSANE PROFITS.

You did everything right!)

[d_eddie]

Despite the price going slightly down, it looks like silent, small, continuous buying is going on. It is as if someone was still accumulating trying not to let it through.

[Bitcoinaire]

It really puts it in perspective how far we've come from the lows in December. Buy the dips!

$BTC is up 180% off the 4-Year Cycle Low. Took 5 months, with relatively little attention/fanfare.

To reach all time highs, it needs just a 122% move from here.

https://twitter.com/BobLoukas/status/1133720495273238528

[gembitz]

https://yobit.net/en/trade/YOBTC/BTC
 
weeeee

[fillippone]

Today I looked up down the price of a BCH. I feel dirty.

FTFY.

[jonoiv]

https://yobit.net/en/trade/YOBTC/BTC
 
weeeee

at $175 currently,  so what's that another $3bn of QE?

[d_eddie]

The small climb continues. Without either a sharp drop or another breakout, this will get near Vegeta levels in a few hours. Go bitcoin go.

[El duderino_]

https://youtu.be/Csj1l2ymPjw

What a sh*tshow ....... poor people that lives there, good they have BTC to work with!

[gembitz]

https://yobit.net/en/trade/YOBTC/BTC
 
weeeee

at $175 currently,  so what's that another $3bn of QE?

smoke and mirrors run the show @ yo weeee

[El duderino_]

The small climb continues. Without either a sharp drop or another breakout, this will get near Vegeta levels in a few hours. Go bitcoin go.

Really wanna see the again first true Vegeta of when passing 9K

[Flying Hellfish]

I R trying to figure out if it's the 3lbs of bacon or the gun on the table that is the wrong part of the EU's assumptions!
 

[ivomm]

All these people keeping their Vegeta "It's over 9000!" memes, ready!

[_javier_]

When it dumps and not only recovers but it reaches prices higher than before the dump.. you know its a bull market.  

When the dump is steep and the recovering is slow and steady, you know its just a few sells and many more buys..  as they say, dont fight the trend.


BTC is an emotional market.. and i only see good news and developments on the horizon.. Am i full of hopium or what??

Its hard to expect less to avoid the deception when this looks that good overall.

[LFC_Bitcoin]

All these people keeping their Vegeta "It's over 9000!" memes, ready!

I’ve got some driving to do later, I don’t think I’ll be first
Hopefully it’ll be today

[AB de Royse777]

Can I order a hat from xhomerx :-)



Thank you.

[infofront]

Here's a post for people like Trollgoossens who actually believe Bitcoin is on some sort of clear skies sailing to an "inevitable" future of 500 bazillion dollars per coin.  I'm linking this Anonymint post because I think even prolific shills like Last of the V8s/Popescu actually do believe him and think this will/might happen (it has to do with the anyone can spend segwit coins and forced reversion to pre-segwit):

https://steemit.com/bitcoin/@anonymint/ps965c

And there's my reply to him below:

I find it odd you're actually bullish on Bitcoin with no valid form of scaling whatsoever.  LN is garbage because it's only possible evolution of network topology is a replica of the already existing banking system where you just have one channel open with a bank who routes all your transactions.  But people are stupid and they'd probably lie and shill for it anyway in order to try and pump their "investment".

But if you think segwit is just an inevitable land mine and LN isn't even in the picture at all, I think I calculated even with 8 MB blocks, only transactions of something like $10k+ would be viable on-chain with mainstream bitcoin adoption.  That's a pretty 'meh' system. Bitcoin would be very niche and probably fade into obscurity.  If it didn't fade into obscurity, it's market share would all be stolen by some higher scaling or cheaper to transact coin.  

That and it's not possible for imaginary, digital shitcoins to defeat metals as the base of Exter's Pyramid in the first place.  And China and Russia have already cast the die proclaiming metals as the future backbone of the financial system too.

You're still looking at Bitcoin as a transactional currency. It's not meant for buying cups of coffee, and it won't work that way. Maybe people will be able to do that via centralized, layer 3 solutions someday.

The 1MB immutable block size guarantees only the wealthiest of the wealthy will be able to move coins on chain. That's by design.