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

[El duderino_]

Basorexia

Damn V8 you making me jealous

[JayJuanGee]

Do you even understand the purpose of escrow?

Yes Dabs, I understand the purpose of escrow, thank you.

I also understand that you keep the coins (acting as the escrow agent) until everything is resolved.
All for the scammers convenience - to make it happen. Or not, you might argue.

The problem is that there is nothing to sell or buy. I thought it was pretty clear:

~ are trying to make the most of what is inevitably going to happen (BTC>moon), and we should pay them for that?

#

It does sound fair. But then only if others decide to contribute.

Ah? Nope.

Their intentions are irrelevant, as I don't think either party will agree anyway. ~

Thank gawd they are so greedy & dumb, but their intentions are far from irrelevant.

#

Dabs i completley understand Escrow, ~

Get fucking lost.

#

~ To everyone else, that's the whole point of escrow, to prevent scams and scammers from directly taking your coins and disappearing. All conditions must be met. Sorry if it looks like I'm feeding a troll, I like this one a little better than the others.

OK Dabs, that is IF we trust you to act as an escrow, and we are convinced that you are not part of this in any other way.
Sorry for thinking like this - I don't believe you are involved - but you are the only single member to "support" these losers - which is weird.

You have some decent points, Cryptotourist.   I kind of agree with Dabs that there is some kind of objectivity in escrowing, so in that sense, Dabs's framing of the objectivity of whole matter can appear to be kind of obviously a fair thing to do; however, at some point the level of scam is so god damned obvious that attempting to objectify it or give it any kind of level of normalcy then rises to the level of enabling scammers to get their message out, and could end up hurting some people because there seems to be some ambiguity regarding is there a scam going on.

So, yeah, this is a obvious scam.  Kriptonium, who is either the same diptwat that was here a few months ago or some new diptwat with a similar scam proposal, is obviously attempting to figure out how to get some bitcoins in his hands without providing any kind of service.  Even the most sophisticated service could not provide what diptwat Kriptonium is proposing, and yeah, inevitably BTC's price is going to go up, and yeah, if some people pay diptwat Kriptonium then he and perhaps his royal we can assert that he and perhaps his royal we caused what they had not caused.

Therefore, your points are quite valid, Cryptotourist regarding the supplying of a platform for obvious scammers.

On the other hand, I do recall that sometimes there is some toying with the scammers, and frequently even the proposal to actually escrow will cause the scammer to NOT follow through, but in this case, I could see a scammer agree to escrow, and then still end up getting paid for doing nothing beyond just soliciting within the forum and getting people to pay into the escrow, then the bitcoin price does what it does (such as goes up), and then the scammer claims credit (and gets paid).  A scenario like that would be real bullshit, and it should not be desired to be any part of promoting that kind of morally repulsive situation. 

By the way (kind of an aside), the only redeeming aspect of scammers getting free coins is that frequently the dumbest (or the most desperate) of people get into that nonsense, and sooner or later they were quite likely to lose their coins.  Scammers will just accelerate a very likely status of removing coins more quickly from weak hands, but sometimes even weak hands should be protected from this nonsense, because there are some less likely scenarios that such weak-handed dumbass/desperate peeps looking to be scammed might end up learning before they actually end up getting scammed or otherwise removed from their coins. 

[_javi_]

blah blah this and that..

and nobody observe the green candles..

have a nice week!

go BTC go!!

[JayJuanGee]

Eyeing off the order book on bitstamp, it seems that the bears are gaining a bit more support. The sell side is growing and will soon balance out the buy side. This will make it easier for the price to go down. Still not even on the buys and sells, but getting there.

I'm hoping we don't have a bart on our hands.

Don't we already know that frequently looking at orderbooks, we frequently see reverse indications, so in that regard if sell orders are stacking up on bitstamp, then frequently the price will move in that direction and if the buyers can buy up all of those coins on the order book, it becomes a kind of free sailing once they get through the stacked up coins on the order books.

This is an old play, somac.  It's been seen many, many, many times in bitcoinlandia, so in other words, it seems quite dangerous to presume that BTC's price is going down or failing to go up, merely because sell orders are stacking up on various order books whether on bitstamp or other exchanges and even if you see a pattern of sell orders piling up across many exchanges.

[El duderino_]

blah blah this and that..

and nobody observe the green candles..

have a nice week!

go BTC go!!

That’s a green drop on a hot plate.....

But nonetheless go BTC go

[dragonvslinux]

Currently testing the descending triangle resistance on the 4 hr, therefore next hours candle close will be important.
Bare in mind the 1 hr will be on a TD 9 so don't be surprised by any big price moves...



Please note, I'm not getting "rekt" at the moment. This was a neutral call due to the 200 Day MA support invalidating the bearish setup for me.
I'm posting this for benefit of seeing if we invalidate the bearish pattern of a descending triangle, and return to the classic bull flag.

[JayJuanGee]

https://cointelegraph.com/news/one-whale-was-behind-bitcoins-2017-bull-run-claim-researchers

“Simulations show that these patterns are highly unlikely to be due to chance. This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on Bitcoin that is not observed in aggregate flows from other smaller traders.”

Oh gawd!!!!!!

What levels of desperation?

Also similar themes as previous nonsensical explanations regarding previous exponential price rises, like MTGOX caused the 2013 price rise...

Looking for gullible fucks, and wanna be nocoiners who are going to lose the fuck out of the BIGGEST wealth transfer ever if they are believing either the one large player theory or anything even close to that happening in terms of actual on the ground facts.

https://cointelegraph.com/news/one-whale-was-behind-bitcoins-2017-bull-run-claim-researchers

“Simulations show that these patterns are highly unlikely to be due to chance. This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on Bitcoin that is not observed in aggregate flows from other smaller traders.”

Seriously, apparently every bull run ever in crypto was done by scammers according to these establishment fuckwits. Same old story every time. God forbid it is actually normal people realizing how fucked up the current system is and then desiring to move their wealth and labor elsewhere.

Let me guess if it wasn't for this whale, tether, willy bot, random scapegoat, etc the price of BTC would be zero. Because who would want an asset that is completely separate from that always awesome store of value called government fiat. No one that's who, only scammers and Whales. Everyone dump your bitcoin for fiat, because its current value is only because of 1 whale, not 2, not 3, but 1.

Fucking geniuses.

Exactly!!!! That is what I meant to say, but somac said it much moar better.   

[VB1001]

https://twitter.com/SJosephBurns/status/1190648674625437696

[JayJuanGee]

Currently testing the descending triangle resistance on the 4 hr, therefore next hours candle close will be important.
Bare in mind the 1 hr will be on a TD 9 so don't be surprised by any big price moves...



Please note, I'm not getting "rekt" at the moment. This was a neutral call due to the 200 Day MA support invalidating the bearish setup for me.
I'm posting this for benefit of seeing if we invalidate the bearish pattern of a descending triangle, and return to the classic bull flag.

"Please note, I'm not getting "rekt" at the moment."

Good for you. 


I am also going to note that you should not be relying too much on stupid-ass charts that attempt to treat bitcoin as if it were a mature asset and fail and refuse to incorporate either bitcoin's currently low level of adoption and underlying s-curve exponential components that bias UPPITY rather than other scenarios (such as flat or downity).

In other words, TLDR, you deserve to get rekt (even if you are not) if your chart relies on too many incomplete presumptions.   

[dragonvslinux]

Currently testing the descending triangle resistance on the 4 hr, therefore next hours candle close will be important.
Bare in mind the 1 hr will be on a TD 9 so don't be surprised by any big price moves...



Please note, I'm not getting "rekt" at the moment. This was a neutral call due to the 200 Day MA support invalidating the bearish setup for me.
I'm posting this for benefit of seeing if we invalidate the bearish pattern of a descending triangle, and return to the classic bull flag.

"Please note, I'm not getting "rekt" at the moment."

Good for you. 


I am also going to note that you should not be relying too much on stupid-ass charts that attempt to treat bitcoin as if it were a mature asset and fail and refuse to incorporate either bitcoin's currently low level of adoption and underlying s-curve exponential components that bias UPPITY rather than other scenarios (such as flat or downity).

In other words, TLDR, you deserve to get rekt (even if you are not) if your chart relies on too many incomplete presumptions.   

Too many assumptions, not enough logic. FYI my trading account is only ever 10-15% of my BTC holdings, so go figure 
If I get "rekt", is because my BTC hodl is going up. If I win, it's because I'm losing overall BTC value.
Some people 

[Negotiation]

A Major Bitcoin Exchange Has A ‘Massive’ Problem
Bitcoin exchanges and platforms never seem far from scandal, with crypto investors always nervously awaiting the next bitcoin hack or data breach.

The bitcoin price has been known to swing wildly following reports of major bitcoin thefts, though sometimes fails to react at all.

Source: https://www.forbes.com/sites/billybambrough/2019/11/03/a-major-bitcoin-exchange-has-a-serious-problem/amp/

[jojo69]

Funny how Germany is all fucked up. I wonder what their problem is (was). They just hate(d) the idea of unity.

At the risk of invoking our resident insect, Germany is the cauldron of European civilization.

[Last of the V8s]

proper job

[JayJuanGee]

Currently testing the descending triangle resistance on the 4 hr, therefore next hours candle close will be important.
Bare in mind the 1 hr will be on a TD 9 so don't be surprised by any big price moves...



Please note, I'm not getting "rekt" at the moment. This was a neutral call due to the 200 Day MA support invalidating the bearish setup for me.
I'm posting this for benefit of seeing if we invalidate the bearish pattern of a descending triangle, and return to the classic bull flag.

"Please note, I'm not getting "rekt" at the moment."

Good for you. 


I am also going to note that you should not be relying too much on stupid-ass charts that attempt to treat bitcoin as if it were a mature asset and fail and refuse to incorporate either bitcoin's currently low level of adoption and underlying s-curve exponential components that bias UPPITY rather than other scenarios (such as flat or downity).

In other words, TLDR, you deserve to get rekt (even if you are not) if your chart relies on too many incomplete presumptions.   

Too many assumptions, not enough logic. FYI my trading account is only ever 10-15% of my BTC holdings, so go figure 
If I get "rekt", is because my BTC hodl is going up. If I win, it's because I'm losing overall BTC value.
Some people 

Hey.  Fair enough if your trading portion is only 10-15% of your total holdings.  That is decently prudent, so I find difficulties criticizing you on that aspect.

Your remaining assertion about the meaning of "getting r3ckt" is quite a puzzle.    You seem to be trying to suggest that either there is NO way for you to get r3ckt or that getting r3ckt means something other than a traditional understanding of it.

I do agree that if you are trading with ONLY about 10-15% of your total holdings then it becomes quite difficult to get r3ckt in any traditional understanding of the r3ckt concept.

Now, get out there trooper, and trade some BTCs!!!!!!!!!  That's an order.   

[VB1001]

Announcements > Bitfinex Launches Support for Bech32 Address Generation

We're excited to announce a platform update for our clients that brings new important features, following our recent introduction of Bitcoin withdrawals on bech32 addresses.

Traders can now generate bech32 addresses on Bitfinex, with our platform also supporting Bitcoin deposits to bech32 addresses.

As some exchanges still do not support withdrawals on bech32 addresses, our traders will have the option of using either the original Pay to Script Hash (P2SH) SegWit deposit address or native SegWit bech32 address. Traders can choose their desired option via a tick box on their Account Info page.

https://www.bitfinex.com/posts/429

[Dabs]

OK Dabs, that is IF we trust you to act as an escrow, and we are convinced that you are not part of this in any other way.
Sorry for thinking like this - I don't believe you are involved - but you are the only single member to "support" these losers - which is weird.

Kindly please do your own due diligence. To make it a little easier, allow me to give you a headstart, I'm on at least 3 different "List of Escrow" threads on bitcointalk. I've helped prevent at least half a dozen scammers from getting any coins (by refunding everything back to participants.) The largest in fiat value I ever held was close to $5m USD.

I categorically deny any connection to them, nor do I support them. Not too many other escrows in this Wall Observer thread, so maybe thats why I'm the only one offering it. More so to discourage them actually, as you can tell.

It's not a crime until it's done, that's what police do. Intent to do it is different from the actual deed. It's still bad, but the police can't do anything until it's done or they see it.

In this case, I'm hopefully just preventing it from even happening in the first place. Call their bluff if you will. But they can't do it. So they won't.

They'll never agree to the fair terms, so the whole deal is not going to happen. It's another form of drama specific to this thread. Small time CSW copycat wannabee. We haven't even laid out the timeline or timeframe, they can't do it already without their 35%. It's zero or hero.

[Elwar]

A Major Bitcoin Exchange Has A ‘Massive’ Problem
Bitcoin exchanges and platforms never seem far from scandal, with crypto investors always nervously awaiting the next bitcoin hack or data breach.

The bitcoin price has been known to swing wildly following reports of major bitcoin thefts, though sometimes fails to react at all.

Source: https://www.forbes.com/sites/billybambrough/2019/11/03/a-major-bitcoin-exchange-has-a-serious-problem/amp/

Someone accidentally uses CC instead of BCC in their newsletter and now they have "Massive" problems?

Some scary shit right there.

[mladen00]

In Germany, every brewery was a state 

[JayJuanGee]

Funny how Germany is all fucked up. I wonder what their problem is (was). They just hate(d) the idea of unity.

At the risk of invoking our resident repellant resistant insect, Germany is the cauldron of European civilization.

FTFY     

[Negotiation]

Observing 1BTC= $9318 as soon as look like to see $9500+  
1Bitcoin=1Bitcoin no doub.