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

[El duderino_]

Who is this Epstein guy? Who everybody is talking about? Is it a real character??

[Arriemoller]

Who is this Epstein guy? Who everybody is talking about? Is it a real character??

You are kidding right? Right?

[Raja_MBZ]

Who is this Epstein guy? Who everybody is talking about? Is it a real character??

It's too late to ask that, mate.

[El duderino_]

Who is this Epstein guy? Who everybody is talking about? Is it a real character??

You are kidding right? Right?

Dammit, don’t pay attention.... that was @Micgoossens/17 of the team.... the last one joined and the dumbest, actually he still at the team to serve coffee but he was a bit out of his role...

Sorry guys, will punish him shortly

[JayJuanGee]

Who is this Epstein guy? Who everybody is talking about? Is it a real character??

You are kidding right? Right?

Dammit, don’t pay attention.... that was @Micgoossens/17 of the team.... the last one joined and the dumbest, actually he still at the team to serve coffee but he was a bit out of his role...

Sorry guys, will punish him shortly

You're fired.

[LFC_Bitcoin]

Who is this Epstein guy? Who everybody is talking about? Is it a real character??

Just a massive paedophile mate.

[Phil_S]

Dammit, don’t pay attention.... that was @Micgoossens/17 of the team.... the last one joined and the dumbest, actually he still at the team to serve coffee but he was a bit out of his role...

Sorry guys, will punish him shortly

In other words, he's out of his element? 

[jojo69]

I scored the first vote for the bulls  
Bears vs Bulls -  parity (from a minute ago)

wait

hold the fucking phone

how are you getting that dark theme to display??

[realr0ach]

I still don't know exactly what to make of Anonymint's claims

Anonymint knows what he's posting is complete bullshit because you can't have a sky high Bitcoin price without mining cost of production expanding by orders of magnitude to match it.  If we go by the same metrics as the last pump and dump scam hitting around $20k with $3k cost of production, for Anonymint's "$1 million Bitcoin" claim after just a single halving, you would need the equivalent of $150,000 cost of production to facilitate the same pump and dump scam to $1 million.

Current cost of production would be around $6k after one more halving, so mining would need to increase by 25x.  Such a mining expansion number is laughable with the amount of power Bitcoin already uses.  Even doubling the current amount of mining would be sketchy.  If you look at any mining capex chart, the chart looks like a baseball that has been thrown and has already hit the top of it's arc and flatlined for a long time with no signs of going anywhere, because Bitcoin mining is already a giant bubble of football stadiums full of ASICs using more power than entire countries in the first place.

[Icygreen]

I scored the first vote for the bulls  
Bears vs Bulls -  parity (from a minute ago)

wait

hold the fucking phone

how are you getting that dark theme to display??

'Dark mode' is nice if you use chrome. https://chrome.google.com/webstore/detail/dark-mode/dmghijelimhndkbmpgbldicpogfkceaj
I like #12 blue dark  with custom theme for twitter unchecked.  Works almost everywhere.

[makrospex]

Bitcoin going down, BAKKT volume going up.
No manipulation, surely not, no, nope, never...  
Or is it just me?

Even if it's manipulation, it can't go on forever, and then the game goes in the other direction, right into the parabola of 2020/21.
Me still bearish until mid Q1/2020. For those who are taking too much dec-2019-ATH-hopium: sorry guys (n' girls).
#HODL

It's just you (and maybe Torque?).  

Since BAKKT every significant dip in btc price correlates to volume rise in futures contracts.
Does not smell fishy? 

[HairyMaclairy]

OK boomer.

Is that supposed to be some cutting pejorative?

Case in point

https://www.dailymail.co.uk/news/article-7695233/Videos-Prince-Andrew-partying-nightclubs-beautiful-young-women-French-Riviera.html


Not sweating...

Breaking news: Prince Andrew Fancied Women underage girls that were sex trafficked

FTFY

[Arriemoller]

Not that it has anything to do with anything, but I do like bagpipes and marches.
https://www.youtube.com/watch?v=ZRVS4XxSn9Q

[El duderino_]

https://bitcointalk.org/index.php?topic=5202297.0
^
Nice

[Arriemoller]

Bored and browsing youtube, when I suddenly remembered that I once made a youtube movie. In a week moment I promised, on a military forum i sometimes visit, to make a test with one of those cheap small cameras from China.
Here it is, my one and only youtube movie. https://www.youtube.com/watch?v=KdGnZV6ECMI

[El duderino_]

The Cycle Of Market Emotions: Where Are We Now?





https://www.forbes.com/sites/robisbitts2/2018/07/31/the-cycle-of-market-emotions-where-are-we-now/#613323ae3cf5

LoL nice graph 

[Cryptotourist]

I still don't know exactly what to make of Anonymint's claims

Anonymint knows what he's posting is complete bullshit because you can't have a sky high Bitcoin price without mining cost of production expanding by orders of magnitude to match it.  If we go by the same metrics as the last pump and dump scam hitting around $20k with $3k cost of production, for Anonymint's "$1 million Bitcoin" claim after just a single halving, you would need the equivalent of $150,000 cost of production to facilitate the same pump and dump scam to $1 million.

Thanks for your insight.
Now lets sing Kumbaya together, and pray that McAfee's future sacrifice will not be in vain.

[plasticAiredale]

Here's mine if you guys want a rare lurker card.

[JayJuanGee]

Bitcoin going down, BAKKT volume going up.
No manipulation, surely not, no, nope, never...  
Or is it just me?

Even if it's manipulation, it can't go on forever, and then the game goes in the other direction, right into the parabola of 2020/21.
Me still bearish until mid Q1/2020. For those who are taking too much dec-2019-ATH-hopium: sorry guys (n' girls).
#HODL

It's just you (and maybe Torque?).  

Since BAKKT every significant dip in btc price correlates to volume rise in futures contracts.
Does not smell fishy? 

I would hate to attribute too much credit to claiming causal relations to some phenomenons that might be more corollary rather than causal, and really since BAKKT is BTC settled, there would seem to be less desire to use that mechanism to manipulate BTC prices, especially downward, even though there could be multiple mechanisms used to manipulate BTC prices in either direction, including CME and various exchanges, and in the end, sure I will concede that BTC manipulation requires a lot less capital than various other markets to manipulate. 

I don't rule out possibilities of some BTC price manipulation going on and being attempted, which seems to be kind of inevitable and a part of what goes on in relatively smaller markets, but some of these matters are just normal market movements within a relatively small markets, and seems problematic to attempt to attribute too much meaning to them or even to try to suggest that only a few players are ultimately causing BTC's price direction (which is kind of the implications of labelling some BTC price movements as "manipulated).

Of course, neither the 42% increase in BTC price on October 25 nor the 3.5x price increase between April 1 and June 27 were feeling exactly organic, yet we might not want to consider those kinds of movements to be completely manipulated but they could have also been in response to some loss of control of down manipulators to have to allow for release of pressures or even  loss of control of the amount of UP that ended up happening, so in that regard, we know that these kinds of attempts to move BTC prices in one direction or another above and beyond reasonable expectations is part of our nascent market territory, and sure I will concede again that it is manipulated to some degree, but likely NOT completely manipulated as is implied when making such accusations over relatively small price movements or even trends that are happening (like our current trend to experience a more than 3 week long correction from the excited over-exuberance that had taken place on October 25), because there is likely some fear that some manipulation attempts that go too far will cause a loss of control from those attempting to manipulate too, and the manipulators exist on both sides, so in that regards, one-sided manipulators will sometimes be in control and at other times the other side will be in control, but that still does not really suggest with any strength that the term "manipulation" is really appropriately capturing the free market nature of the battle that is going on between both whales and even how retail can contribute to BTC price direction that starts to move in one direction and cannot be stopped.

In that regard, the alleged manipulators might have to change sides when the BTC price starts moving against them in order to attempt to recuperate their losses in the opposite direction of their original intended manipulation, so would those kinds of behaviors and dynamics be fairly characterized as manipulation or just reasonable and expected dynamics of a relatively small free market?

[El duderino_]

Here's mine if you guys want a rare lurker card.

Damn a quiet lurker with JJG as a BFF