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

[nutildah]

can't have 4 buddy posts in a row

calm down buddy, you're getting too excited

no consecutive posts... its a forum rule. makes it seem like you're trying to railroad the discussion

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Ami0]

Bitcoin price action be like

[Asiska02]

When trying to inform a bitcoin enthusiast of the Ethereum merger

[shahzadafzal]

Watch for the colors... eat it before it gets too hot!!

https://twitter.com/AltcoinDailyio/status/1571988903065956352/photo/1

[ChartBuddy]

Explanation

[Hamich124D]

Is the august inflation report dropping tomorrow ? any speculation on how it will impact the price ?

[BitcoinBunny]

[wmaurik]

Is the august inflation report dropping tomorrow ? any speculation on how it will impact the price ?

About the decline in inflation that is happening, I don't really know in detail, but you can understand it more deeply if you are an expert in analyzing inflation.
Here is some information that I found on the investing.com website which might be of great help to you in finding the answer to your question. But if that can't help you to find the answer exactly, then sorry that we have to find out together about this now.

 

[ChartBuddy]

Explanation

[xzy887]

Everyone is panicking about Bitcoin right now. Because some people say Bitcoin is dead. I think we should gain knowledge about Bitcoin without listening to their rumours. Because this is not the first news that Bitcoin is dead. Bitcoin has been declared "dead" over 461 times.  

What is your opinion about this?

[ivomm]

Some wall related observation (sorry for being offtopic  ): In a day like this if someone wants the price to drop by 10%, he needs to market sell around 370BTC on Bitsmamp. The bots on all other exchanges will follow immediately and we will never know from where this started. I'm not sure whether the bots follow Gemini, but in that case it would be even easier. Currently 370BTC=$7.4mil. So one needs only $7.4mil to crash the market by 10% and provided he has put $10mil in 100x short positions, this will make a huge profit. I'm not an expert and may be mistaken, but I estimate that the profit would be around 100mil, which of course compensated the $0.7mil loss from the sell.

This is just a simplified example. In reality this process is more complicated and obfuscated in order to delude the exchange owners and regulators. But still, there are more than one Wall Street institutions specialized at such manipulations. And there are also the corrupt exchange owners (e.g. Bitmex) and individual players with that kind of money. I don't follow all exchanges and CME futures, but only on Binance the shorters that cashed out the profits at -10% had a volume > $1bil. And the sharp increase in the previous week suggests that the same amount was bought with the intention to sell it soon.

This is only a speculation, but the probability of some kind of manipulation going on recently is quite high. I can't imagine what the price would've been if there were no manipulations, but 50K would have been the bottom IMO. So, we need patience. Sooner or later these malicious players will be elliminated. Either the spot traders won't follow the crash at some point due to their financial exhaustion (a.k.a bear trap) or SEC will bust them.

May be this is the cancer:

Alameda's bitcoin-denominated loans from Voyager coincide with every major dump in the last few months.



https://twitter.com/FatManTerra/status/1572109451464773633

[shahzadafzal]

OT:

Any one hungry?


https://chazzchips.com/en/putes-skonio-traskuciai

[ChartBuddy]

Explanation

[heslo]

https://twitter.com/saylor/status/1572196173334839303

Another 301 BTC added to Saylors stash. Dude keeps buying I'll give him that

[nutildah]

https://twitter.com/saylor/status/1572196173334839303

Another 301 BTC added to Saylors stash. Dude keeps buying I'll give him that

"at an average price of ~$30,639 per bitcoin."

oof.

but yeah I'd rather hear news about buying than selling.

not sure its him doing the buying anymore as he's no longer CEO.

[ChartBuddy]

Explanation

[serveria.com]

OT:

Any one hungry?


https://chazzchips.com/en/putes-skonio-traskuciai

I wonder if there's a gay version for Bawb? 

[shahzadafzal]

OT:

Any one hungry?


https://chazzchips.com/en/putes-skonio-traskuciai

I wonder if there's a gay version for Bawb? 

And I don’t want to know what flavor that would be?