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

[Cryptotourist]

Kind of floats my boat to lecture, even if nobody listens. 

That's how certain series of bots roll.   

 

Quoted, printed, and hung on my wall.

[1714810576]

1714810576

[serveria.com]

Same guy dumping and pumping lol. How much loss would he make if he do that? Buy 5k coins, sell again at same price range.

That's what I'm trying to figure out, but I think he can win thanks to the short squeezes. He buys buys buys until the movement is self-sustaining because of margin calls and shorters capitulating, and starts selling during that last phase. Then sells back the rest.

So he buys coins at say 9500$ average, but sells them at 9800$ average. If it's 10000 coins, that's a 3 million dollars profit (less fees).

This is possible but not likely. He can buy in Bitstamp to raise the price and transfer quickly to Binance where the volume is really high and sell slowly at 10K without moving the price. The more likely scenario is this:
He buys, say 1000BTC, at Bitstamp while placing even larger long position on Bitmex with some high leverage. On the next day he sells at Bitstamp while having a large short leverage position on Bitmex. Since Bitmex is unregulated he can manipulate the market until he's alive with no fear of being banned or sued. Unlike US derivative exchanges where CFTC investigates such manipulations and the criminals are put in jail. Moreover, the thing is that CFTC suspects the owners of Bitmex to do regularly these manipulations against their clients. But of course CFTC has no jurisdiction unless some USA citizens or institutions are involved. That's why it's been told many times here that without this cancer derivate exchange (and probably many other largely unregulated asian exchanges where KYC is a formality) Bitcoin price should have been much higher. The price should be above 100K by the end of 2021 but with such manipulations I'm not so sure it will be (much) above 20K by then. Again, until Bitmex cancer is cured, such 'crashes' like yesterday's or 12th March will appear from time to time. The cure is a strong bull market like in 2017 which may happen in 2021 but it may also be delayed to 2022 or even later. That's why it is a good thing to be mentally prepared to hold 3-4 years until the clouds are cleared. I am even determined to hold >10 years if needed to fulfil my selling plan. (And I believe by then I will not actually 'sell' for fiat but rather be able to by real estate and everything directly with BTC.)

FOMO is the best weapon against such manipulator fucks

[psycodad]

I prefer Gemini for quite a few reasons, but basically no shenanigans there and they have their shit together.

Isn't that the mother company of Blockfi who just lost my data and all my account information (like wallet addresses etc.) ?

Thank you, but no thank you.

[Last of the V8s]

https://www.globenewswire.com/news-release/2020/06/02/2042081/0/en/Velocity-Announces-Discovery-of-New-Gold-Zone-and-High-Grade-Gold-Drill-Results-from-Obichnik-Gold-Project-Bulgaria.html

We rich now

[fillippone]

https://twitter.com/_connerbrown_/status/1267311826003525633

This past week miners have sold 673 more bitcoin than were generated. We are seeing capitulation from inefficient miners, but prices are holding steady.

What do you think happens when these miners are finally shaken out?

How does he obtain that data? I am skeptical.

I think this is the soure of the graph:
https://terminal.bytetree.com/bitcoin

Just click on the on-chain tab.

I am skeptical too on this indicator.
Once the coinbase is mined can sit there and the miner can sell very old coinbase, or on the contrary the coibae can be moved immediately to pool's participant.
Both this facts can dramatically change the result of the indicator.

I don't know: It would be intresting to figure out how much is the flow of money from miners (or rather pools) to exchanges. this is actual selling to pay for running expenses (hardware, electricity bils etc.).

You ask, and someone provide:

Significant outflows from the unknown miner before the dip. They're CAPITULATING.
https://cq.live/prochart/229?window=block

https://twitter.com/ki_young_ju/status/1267849052999127040?s=20

So here we have two information on one tweet:

• It is possible to track flows from mining pools
• The dump was not a whale playing the market, rather an unknown miner selling (part of) his stash

EDIT: Sorry, forgot to attach the Twitter source.
EDIT: Getting grammar lessons for my broken English from LotV8's!

[Last of the V8s]

link the tweet then phil, i double dare you   also strike out the 'than' ^ for English clarity's sake  

anyway, as to the content, not 'capitulating', but trading; hedging, regrouping etc


edit: nice brother. some people don't like their experiments in english being critiqued, i get it, but you have been most charming.

[ivomm]

https://twitter.com/_connerbrown_/status/1267311826003525633

This past week miners have sold 673 more bitcoin than were generated. We are seeing capitulation from inefficient miners, but prices are holding steady.

What do you think happens when these miners are finally shaken out?

How does he obtain that data? I am skeptical.

I think this is the soure of the graph:
https://terminal.bytetree.com/bitcoin

Just click on the on-chain tab.

I am skeptical too on this indicator.
Once the coinbase is mined can sit there and the miner can sell very old coinbase, or on the contrary the coibae can be moved immediately to pool's participant.
Both this facts can dramatically change the result of the indicator.

I don't know: It would be intresting to figure out how much is the flow of money from miners (or rather pools) to exchanges. this is actual selling to pay for running expenses (hardware, electricity bils etc.).

You ask, and someone provide:

Significant outflows from the unknown miner before the dip. They're CAPITULATING.
https://cq.live/prochart/229?window=block

So here we have two information on one tweet:

• It is possible to track flows from mining pools
• The dump was not a whale playing the market, rather than an unknown miner selling (part of) his stash

I really don't believe that stats from a website that is not quite functional yet. What does it mean: Unknown Mining Pool 1 Outflows? What about the known pools? And besides, the chart is wrongly interpreted: it is not outflow from 1 miner wallet, it is the total withdrawals from the pool. It is clear that the miners would sell more with the higher price but why should one miner dump the price by 10%? The price above 10K is desparately needed even for the last generation asics owners. They are even more concerned about the price than us the hodlers, trust me.

[Cryptotourist]

anyway, as to the content, not 'capitulating', but trading; hedging, regrouping etc

Etc, etc, but please fasten your seat belts dear gentlemen.

[Wekkel]

The latest pump made clear that we ain't going down soon, it seems. So we're in some kind of truncated correction move sideways with the bias to the upside.

The latest dump can only mean more of them sideways correcting/truncating.

As indicated by others, it's still accumulation time.

Those waiting for sub $7,xxxx:

[aesma]

The latest pump made clear that we ain't going down soon, it seems. So we're in some kind of truncated correction move sideways with the bias to the upside.

The latest dump can only mean more of them sideways correcting/truncating.

As indicated by others, it's still accumulation time.

Those waiting for sub $7,xxxx:

If you're a no coiner that's one thing, but if you have a decent stash, wouldn't you keep some cash for a dip ?

[alevlaslo]

Heating one room in winter is equivalent to 60 people in a train wagon which does not require heating. You are suggesting that the population should be reduced, but why if it is possible to move everyone to Africa, where heating is not required?

bitcoin should be banned, it emits a lot of heat

[El duderino_]

I don’t know if anyone remembers this game/list.....

This first sad face on this list was 27-12-2017

Now two remaining able to win the prize

-20/02/2020 romneymoney
-18/12/2021 luckygenough56

The game was when we hit 24777$

Who are you guys betting on from this moment?

[ivomm]

I don’t know if anyone remembers this game/list.....

This first sad face on this list was 27-12-2017

Now two remaining able to win the prize

-20/02/2020 romneymoney
-18/12/2021 luckygenough56

The game was when we hit 24777$

Who are you guys betting on from this moment?

The first date is past, so romneymoney lost.

[serveria.com]

Sweden admits they were wrong with their covidiotic approach: https://www.bloomberg.com/news/articles/2020-06-03/man-behind-sweden-s-virus-strategy-says-he-got-some-things-wrong 

[El duderino_]

I don’t know if anyone remembers this game/list.....

This first sad face on this list was 27-12-2017

Now two remaining able to win the prize

-20/02/2020 romneymoney
-18/12/2021 luckygenough56

The game was when we hit 24777$

Who are you guys betting on from this moment?

The first date is past, so romneymoney lost.

No, the date closest to the price ... see he still has a few months....

[Last of the V8s]

The virus wrong-footed every person on the planet. Me, you, scientists and politicians. It exposed holes in our thinking, our powers of prediction, our coping methods and our very systems of control. All of us, all of you, all of them.

Uncertainty is a huge bitch, and there hasn't been any certainty around the virus at all. Way down the road, at a better time to evaluate all this, there will still be no way to be sure what even happened, let alone how well it got tackled.

And we might be too busy anyway:

[fillippone]

Gentlemen, fellow WO Gang members, bitcoiners:
Time to upgrade your nodes:

Bitcoin Core 0.20.0 was released!
It is available from bitcoincore.org/en/download/
Release mail: https://lists.linuxfoundation.org/pipermail/bitcoin-core-dev/2020-June/000091.html

https://twitter.com/bitcoincoreorg/status/1268139247627907072?s=21

[JSRAW]

Smart guy

https://twitter.com/MMcrypto/status/1267648885981425665/photo/1

[Last of the V8s]

It might not save us all. It will disrupt the fuck out of us.

I keep my major node at least 2 versions back. Who knows what shit these dweebs will pull this time.

[Cryptotourist]

Sweden admits they were wrong with their covidiotic approach: https://www.bloomberg.com/news/articles/2020-06-03/man-behind-sweden-s-virus-strategy-says-he-got-some-things-wrong 

Nope.
Also, bloom-fucking-berg?

https://www.thelocal.se/20200603/tegnell-heres-what-sweden-should-have-done-differently-to-fight-coronavirus

https://www.di.se/nyheter/1400-presstraff-med-tegnell-om-coronaviruset-se-direkt-i-di-tv/

Oh when, for crying out loud.