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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330766 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
jbreher
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August 05, 2019, 03:40:03 PM

... I don't see any reason for this week $3000+ pump Roll Eyes

My money's on the Yuan devaluation.

Well, not my money. My money does not react to transient circumstances. But I think there is a good chance that the Yuan devaluation has something to do with the price bump. Something something Chinese punters' savings worth less something something Chinese punters getting scared about loss of savings something something Chinese punters look for stronger asset to hold value something something Chinese punters buy Bitcoin.
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August 05, 2019, 03:41:01 PM


The stockmarket had a 10 year bullrun. Time for a nice healthy correction. Last correction happend in 2008 and 2000.

Shit will hit the fan again.

And all that money will pour into btc as an uncorrelated asset.

A new recession will be the true test of bitcoin's market resilience. It will also determine what % of the market cap is currently propped up by Wall Street. As bitcoin is the highest risk of the high risk investment class (actually altcoins are the very highest), a recession will see a sell-off of institution-owned BTC.

If BTC can then establish itself as a "safe haven" investment after the outflow of institutional money, then yeah, sky's the limit.

Good points. Stock boyz do own some coins, but the question is how much. Ive never held too much belief that Wall Street ever bought all that many coins but a recession will certainly put it to the test. Hopefully the halvening would counteract any potential Wall Street dumping of coins in a major stock bear market.
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August 05, 2019, 03:42:32 PM

I have noticed a new trend : No one is calling Bitcoin a bubble any more.

Are you kidding? Nouriel mumbles it in his sleep. Hit him up if you need a fix.

Quote
May be people are getting to believe that no price is impossible to achieve with Bitcoin and cryptocurrency. Price can go as high as $50,000 even before the end of this year. This is also possible.

Well, there is that.
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August 05, 2019, 03:44:59 PM

Are my eyes deceiving me bitcoin did a hard pump last night. $11,700 seems alot closer to the $12,000 we had a month ago. Shocked
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August 05, 2019, 03:45:36 PM
Merited by WastedLTC (1)

Observing top holder Coinbase buy/sell ratios:
btc: 33/67
eth: 35/65
ltc: 29/71

I have no idea what that even means.
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August 05, 2019, 03:46:58 PM

Stock boyz do own some coins, but the question is how much. Ive never held too much belief that Wall Street ever bought all that many coins but a recession will certainly put it to the test.

You would be wrong.  Everyone and their mom at Goldman Sachs was in this market in 2014.  I talked to an avalanche of them myself.  They were all asking me questions out the wazoo.  When Goldman Sachs was attempting to take over Poloniex, I always thought it might have something to do with covering up the tracks of their Eth + Ripple manipulation (upwards).
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August 05, 2019, 03:48:00 PM

Recession Party (recent ath's in stocks) explained by milf.

https://www.cnbc.com/video/2019/06/20/dimartino-booth-were-having-a-recession-party.html
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August 05, 2019, 03:48:48 PM

I'd like to contribute to this wonderful encyclopaedia of HODL  Grin

  • You easily identify beatrolls and you are immune to their FUD and BS.


Some contribution there buddy. Roll Eyes
Immune is good. Lying isn't.

Keep calm & have a beat-roll. Tongue
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August 05, 2019, 03:52:10 PM
Merited by mindrust (1)

Here's a neat chart I saw comparing the Yuan devaluation to BTCUSD


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August 05, 2019, 03:53:24 PM

Stock boyz do own some coins, but the question is how much. Ive never held too much belief that Wall Street ever bought all that many coins but a recession will certainly put it to the test.

You would be wrong.  Everyone and their mom at Goldman Sachs was in this market in 2014.  I talked to an avalanche of them myself.  They were all asking me questions out the wazoo.

Yes, its a mystery. Maybe the Wall Street bonus memes were real.

Time will tell. I suspect it was more the workers themselves investing with small personal funds rather than the institutions themselves actually investing in most cases. This would explain all the questions you got from banker friends and family at your Bar Mitzvah  Wink
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August 05, 2019, 03:58:55 PM

https://www.zerohedge.com/news/2019-08-04/snyder-china-extremely-angry-and-now-considers-united-states-be-enemy-1

I know they have Chinese state spies reading this forum.  If you really want to drop the hammer on the US, you only have to do one thing:  announce on Chinese state-run television that American media, banks, and govt are all fully controlled by Jews.

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August 05, 2019, 04:01:55 PM

After selling at 13050 on the july 10 peak after following the advice of a few tradingview commentators,  I thought about buying back but noticed the same thing happening as the june 26 and july 10 peaks.

The alt coins have started to dump in the last couple of hours and bitcoin stays level, kept fed because all the alts are paired to the bitcoin.  selling off of the alt coins keeping bitcoin high for now.  Would not supprise me if bitcoin in turn drop again at the daily close or maybe tomorrow.   Looks very foolish from my view to buy here no matter what happens this week.

How do you figure that? BTC largely traded in USD, you think those markets are just going to sit there and not move because someone shitcoin lost a bit of value  Roll Eyes

Bitcin is traded in USD, but as alt coins fall in value they are paired to bitcoin in most cases so the buying of bitcoin with alt coins keeps it artifically inflated, because there is less liquidity on the USD market because those coins are not being sold for USD.  That keeps the price inflated.
And it's not not just some shitcoin, it's most of the alt coins combined some 30%-40% of the total market cap of crypto. They will drop, bitcoin will go sideways, (while it is really deflating) then the big BTC will no longer be supported by these alt coins and a sell off will occur as the amount of bitcoin in bearish hands increases.  It has happened many times before, and looks like it is happening again.
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BTFD, on to 15K a coin !!!!


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August 05, 2019, 04:11:27 PM


Nice graph +1 WO-merit

You got same chart with a €-coin ??  Grin



Or with a Venezuelan bolivar? Cheesy Cheesy 
micgoossens
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BTFD, on to 15K a coin !!!!


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August 05, 2019, 04:13:36 PM

https://www.zerohedge.com/news/2019-08-04/snyder-china-extremely-angry-and-now-considers-united-states-be-enemy-1

I know they have Chinese state spies reading this forum.  If you really want to drop the hammer on the US, you only have to do one thing:  announce on Chinese state-run television that American media, banks, and govt are all fully controlled by Jews.



Many WO's and many BTC's have a problem with r0ach and try to get rid of it....... but Njet, sh*t is very sticky  Undecided
micgoossens
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August 05, 2019, 04:14:38 PM

Off topic:

I tried the Impossible Whopper today at BK. You know the one with beyond meat. It tasted like shit.  Angry

Sorry cows, but we arent gonna stop eating you anytime soon.

I worship no god but our Lord and Savior King BTCitcoin, but I will note in the Bible that as soon as Jesus was resurrected and reunited with his homies the desciples, he had one thing on his mind.....

King James Bible
"And while they yet believed not for joy, and wondered, he said unto them, Have ye here any meat?"

Meeeh them burgers is maybe 1% meat  Roll Eyes

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August 05, 2019, 04:20:26 PM

https://www.zerohedge.com/news/2019-08-05/watch-live-trump-delivers-statement-following-weekend-deadly-mass-shootings

Look at the comment section.  Every single one calls out the shooting as a false flag and Trump as a Jew puppet saying they do not give a flying shit what he says.  The Jewish occupied govt has zero authority over the goyim. Anything they say will be 100% ignored.  Get ready for total implosion of criminal, Jewish US govt when everyone calls out the emperor with no clothes for what it is.
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August 05, 2019, 04:25:14 PM

Bitcoin is sailing for $15k soon. Good days are due.

I guess you believe in what Max Keiser tweet two days ago, otherwise I don't see any reason for this week $3000+ pump Roll Eyes


I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low.


Personally I would put $15,000 a few weeks to a month and a half out. I figure we'll pop over last 13k high, have a bit of a dip hit 14k dip a bit and then push on through to 15,300.

I don't have ta or anything indicating but my past experiences with this coin and we'll that's be pretty decent enough for me to guess .

To me, such outline of a prediction sounds as reasonably plausible, if not more, as those which anyone else attempts.   I give your scenario about a 33.217% chance of happening, which is pretty damned high (I gotta throw out a number in case rjclarke reads this and might otherwise conclude I am laxing a bit too much).
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August 05, 2019, 04:30:20 PM

Off topic:

I tried the Impossible Whopper today at BK. You know the one with beyond meat. It tasted like shit.  Angry

Sorry cows, but we arent gonna stop eating you anytime soon.

I worship no god but our Lord and Savior King BTCitcoin, but I will note in the Bible that as soon as Jesus was resurrected and reunited with his homies the desciples, he had one thing on his mind.....

King James Bible
"And while they yet believed not for joy, and wondered, he said unto them, Have ye here any meat?"

Meeeh them burgers is maybe 1% meat  Roll Eyes

Meanwhile our Burger Kings just got around to introducing the Four Cheese Whopper, and damn is it delicious. You can even have it delivered.
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August 05, 2019, 04:35:01 PM
Last edit: August 05, 2019, 05:03:27 PM by JayJuanGee
Merited by ivomm (1)

After selling at 13050 on the july 10 peak after following the advice of a few tradingview commentators,  I thought about buying back but noticed the same thing happening as the june 26 and july 10 peaks.

The alt coins have started to dump in the last couple of hours and bitcoin stays level, kept fed because all the alts are paired to the bitcoin.   selling off of the alt coins keeping bitcoin high for now.  Would not supprise me if bitcoin in turn drop again at the daily close or maybe tomorrow.   Looks very foolish from my view to buy here no matter what happens this week.

Yeah.  It surely would be foolish for you to buy back in, and surely a 35% price drop was not enough, especially given how far BTC had come up in only 3 months (3.5x).  You gotta at minimum wait for 45% to 50% drop, and perhaps even more.  Surely you are doing the right thing.

I am quite confident that bitcoin does not punish traders like you.
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August 05, 2019, 04:39:41 PM

Hmm... maybe I am getting soft. 

ftfy

hint at the proper engwish answer?  it's three letters, starts with a "y" and ends with a "s"
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