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

[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.

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[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

[ivomm]

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 theme is better for the eyes. I know since I had problems with the left eye and wasn't able to watch white for a while. I use this:
https://darkreader.org/

[JayJuanGee]

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

Damn a quiet lurker with JJG as a BFF

Hey!!!!!!


I resemble that statement!!!!    


There has got(s) to be some forum members with me as their BFF, even if they don't want it.  It's inevitable and in the algorithm that was created by webtricks, and cannot be avoided - even when some guys and gal might employ tactics to avoid me as their BFF by trying to irritate / annoy me, I don't tend to hold grudges - except maybe with Roach.... hahahahaahaha  

[Arriemoller]

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

Damn a quiet lurker with JJG as a BFF

What are those things and where do you find them?

[JayJuanGee]

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

Damn a quiet lurker with JJG as a BFF

What are those things and where do you find them?

Micgeese already provided the link, which is here.

[LUCKMCFLY]

In cases of economic turbulence, it is better to choose Bitcoin, some investors are already doing it intelligently, some keeping discretion.

“If you’ve got to move fast, uncertainty means Bitcoin. I mean, gold, you can’t really carry much of it, it’s hard to store, it’s quite difficult to buy. You can’t just go, I’ll have some of that gold. It’s much easier to buy Bitcoin, and move Bitcoin, and protect Bitcoin than gold. So gold is at a bit of a disadvantage. And it’s old usage as the flight capital of choice is being eroded.”

and:

“I think Bitcoin could easily go to twenty thousand. I’m expecting it to go to fifty, I’ll be very happy if it were to go to one hundred thousand. And the one million dollar Bitcon number is purely what you get if every Satoshi is worth a dollar, no, sorry, a cent. Let me get that right. So that’s just a mathematical number,” he bullishly noted.

Via YouTube: https://www.youtube.com/watch?time_continue=119&v=g5w2wiuAIA4&feature=emb_logo

Source: https://www.newsbtc.com/2019/11/18/analyst-bitcoin-price-can-reach-50k-on-macroeconomic-uncertainty/

[El duderino_]

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

Damn a quiet lurker with JJG as a BFF

Hey!!!!!!


I resemble that statement!!!!    


There has got(s) to be some forum members with me as their BFF, even if they don't want it.  It's inevitable and in the algorithm that was created by webtricks, and cannot be avoided - even when some guys and gal might employ tactics to avoid me as their BFF by trying to irritate / annoy me, I don't tend to hold grudges - except maybe with Roach.... hahahahaahaha  

Make one as well

[El duderino_]

Btw, BTC wouldn't be BTC if it doesn't DIP

[jojo69]

I use this:
https://darkreader.org/

I'm not sure how to thank you...this changes everything

[realr0ach]

You can’t just go, I’ll have some of that gold.

[rdbase]

That tom cruise looks like something from rick and morty come to life.
I think I am just hyped from the "can I make an app for you" episode from last night.

[bitmover]

I never sell my BTC. I never trade it. I just accumulate.

However, few days ago I decided to spend $ 80 in a two year plan in protonmail, and Bitcoin is by far the cheapest and most convenient payment method (as I don't have USD or EUR).

Bitcoin price just crashed, wtf! The price was 0.0090 when I first looked, now it is 0.0099.

where are the bulls? lol

[sirazimuth]

Finished it.
Thank you all who merited me so generously. Much appreciated and very humbling.
Good luck to everyone here who has entered. It's been a really fun endeavor.
Yes, you may notice I did some really bad touch up to right of the plaque (there was crap stuck to the shelf ,lol)
 but the actual piece has zero photoshopping cheats. Scouts honor.




https://bitcointalk.org/index.php?topic=5193860.msg52984084#msg52984084

[JayJuanGee]

In cases of economic turbulence, it is better to choose Bitcoin, some investors are already doing it intelligently, some keeping discretion.

“If you’ve got to move fast, uncertainty means Bitcoin. I mean, gold, you can’t really carry much of it, it’s hard to store, it’s quite difficult to buy. You can’t just go, I’ll have some of that gold. It’s much easier to buy Bitcoin, and move Bitcoin, and protect Bitcoin than gold. So gold is at a bit of a disadvantage. And it’s old usage as the flight capital of choice is being eroded.”

and:

“I think Bitcoin could easily go to twenty thousand. I’m expecting it to go to fifty, I’ll be very happy if it were to go to one hundred thousand. And the one million dollar Bitcon number is purely what you get if every Satoshi is worth a dollar, no, sorry, a cent. Let me get that right. So that’s just a mathematical number,” he bullishly noted.

Via YouTube: https://www.youtube.com/watch?time_continue=119&v=g5w2wiuAIA4&feature=emb_logo

Source: https://www.newsbtc.com/2019/11/18/analyst-bitcoin-price-can-reach-50k-on-macroeconomic-uncertainty/

What do you believe is the date of that interview, LUCKMCFLY, or anyone else?

I know that the linked article is from today, and the download of the video is just a few days ago, but based on the content, it seems that Clem Chambers was describing $6k as an upwards price point for BTC (rather than downwards), which would imply that the interview was in early 2019 - before BTC had broken back above $6k, and maybe even before April 1, 2019.  Unless, he was suggesting $6k as a kind of BTC buying opportunity, and that is why he was suggesting $6k as if it were a positive BTC development?

[makrospex]

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?

Yes, they would have to, if these manipulators actually exist.
At least the appeal - or eventuality - that such exist and do successfully more or less willingly or unwillingly, significantly manipulate prices, the trust into bitcoin as an investment would likely decrease, mostly by (future) retail customers.

[JayJuanGee]

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

Damn a quiet lurker with JJG as a BFF

Hey!!!!!!


I resemble that statement!!!!    


There has got(s) to be some forum members with me as their BFF, even if they don't want it.  It's inevitable and in the algorithm that was created by webtricks, and cannot be avoided - even when some guys and gal might employ tactics to avoid me as their BFF by trying to irritate / annoy me, I don't tend to hold grudges - except maybe with Roach.... hahahahaahaha  

Make one as well

I already did, and LFC is my bff, too.  So yeah, you and I have the same BFF... go figure??

[El duderino_]

Night, HODLnest is calling me..... will be one of the last nights in this one....

Damn it have served me well and still does!

Gonna be hard one of the days