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

[JayJuanGee]

A big hidden ask wall has been selling on Bfx for 6 hours at 500.27.

It was nice of him not to just dump. 

"nice"    hahahahahaha..... They's too scared to just dump BTCs.. that is why they's be creating these invisible walls.   

time to kiss $500 goodbye

Yeah... let's kiss $500 goodbye for the next half hour...   bye, bye $500...        



See you in half an hour.       

[ChartBuddy]

Explanation

[JayJuanGee]

OpenBazaar will be like a Silk Road that no one can shut down.

I thought that silk road was already like a silk road that could NOT be shut down.

This is more P2P as opposed to centralized through a market hub. The architecture is a little more thoughtful. It should hold strong.

o.k. b/c I though that silk road was already using p2p and Thor and all that jazz.. 

I am a little confused about some of the technical anonymizing capabilities - especially in light of ever changing tactics and some of the evolving powers of the USA govt, including NSA crap.

[Newbie1022]

1. Winklevoss will be shot down... agreed. But I am saying that as a former law student. All of the "analysts" say that it will go through and so that conventional wisdom should be used as the current peg especially given the ability to just use tight stop losses.

"former law student" is supposed to bring some expertise?   


WE do NOT really have any strong or credible evidence that Winklevoss will be shot down...   I thought that the weight of the persuasive evidence (upon the preponderance of the law talk) was that Winklevoss would go through?

2. GABI is partially priced in and will not be the boon we wished it was. That said, it should feature some upside in buy activity, even if the purchases are off the market, because the coins accumulated would have otherwise been dumped on the exchanges. Thus, this brings upward pressure.

Gabi is NOT priced in b/c the purchase of BTC is an ongoing activity, and we do NOT know when they will be buying their 200k BTC.. or if they have already bought them... I agree if they have already bought a large majority of the 200K BTC, then probably GABI is priced in.

3. Dubai is another market... it's a good thing... not a huge thing. Dubai and re-expanding into Japan might help patch the issue of new users temporarily, but coins are being mined a lot quicker than newbies come in and so many get burnt early and develop an aversion. Thus, we have a problem of an only marginally expanding base coming in the next year.

4. OpenBazaar is both an Ebay and a Silk Road. The founders of it won't say that because they aren't trying to incur legal liability and are trying to play the role of decentralized middle men. But, it is a dark market... that's what happens in dark markets. That may breathe some life into this whole gambit for a little longer.

In a nutshell... we should be higher at this specific moment in time. As far as a few months from now... that could be a disaster. A few years from now... a total f---ing disaster.

I agree with you general sentiment that there is going to be upward pressures on the acquisition and accumulation of BTC, and accordingly upward pressure on price in the short term.  On the other hand, I do NOT understand how you could thereafter conclude that further down the road there is doom and gloom.  In fact further down the road, there should be increased upward pressure on attempting to acquire and to accumulate BTC and therefore upward pressure on BTC prices, which I would NOT characterize as anything approaching "disaster."

On the Winklevi... we have a few talking heads who have said their opinion and thrown in words like "the preponderance of the law." SEC provides much less latitude when an investment is not limited to sophisticated, wealthy, or experienced investors. See Purina case. The ETF will be limited in large part to such investors, but these activities will touch on the investments of less sophisticated investors. I could go into a multitude of cases, but it would just be attacked by FUD. So, let me just say that Securities Regulation was my best and favorite class, my prof was the former SEC enforcement head, and I just don't see the s--- happening. I may very well be wrong. I figure that's what stop-losses are for.

All the rest... cool.

In the long-term, people get burnt or change their mind. There is also a much more pervasive screwing of traders now that Wall Street has entered the game. Finally, the deals being attached through the mainstream, uber-regulated, above board side of the market are just f---ing lame. 10% off on Dell products? Really? I could do better than that without even trying on Amazon and heaven forbid I did try I could probably get 50% off sticker on Dell products. So, really, I don't see that working out too hot. You can count all the wallets you want or use the word adoption in every sentence, but lame is lame.

For the average, everyday user Bitcoin just becomes a tax hassle with at least a feeling of less security (although I don't really think that is all that true at all) where the value of your funds are ever in the hands of a non-politically accountable Junta of insiders (like with the U.S. dollar, but to a higher degree because Wall Street is historically filled with scumbags) and your balance could be effectively zeroed out upon implementation of bans the next time a terrorist acts a fool or the government starts to worry it might replace state backed currencies. Also, knowing all of those hassles, or even suspecting them, it takes a truly virtuous soul to give it a chance (and they'll end up being f---ed over by one of these bucket shop exchanges). So yes, I said f---ing disaster because, frankly, this s--- is going to be worth $5 comes 2020, and maybe even sooner, unless we turn back towards the dark markets.

Which is why OpenBazaar, to me, is really tremendous news.

[Newbie1022]

OpenBazaar will be like a Silk Road that no one can shut down.

I thought that silk road was already like a silk road that could NOT be shut down.

This is more P2P as opposed to centralized through a market hub. The architecture is a little more thoughtful. It should hold strong.

o.k. b/c I though that silk road was already using p2p and Thor and all that jazz.. 

I am a little confused about some of the technical anonymizing capabilities - especially in light of ever changing tactics and some of the evolving powers of the USA govt, including NSA crap.

See quote, below. It's basically bordering on being offline. It's way safer than Tor.

"It goes a step beyond the darknet, the former home of Silk Road, where users need to download specialized software in order to access sites. It is more comparable to Bittorrent, a p2p file sharing platform. Similarly, OpenBazaar is a p2p e-commerce platform that doesn’t involve any central servers. The software, along with a database of the marketplace, is downloaded to your computer." - See more at: http://forexmagnates.com/bitcoin-picks-openbazaar-to-launch-beta-banco-santander-to-devise-bitcoin-strategy/#sthash.vYKJDqE2.dpuf

[HarHarHar9965]

Momentum hasn't picked up too heavily yet, but I suspect it might. We kept pounding on that 3100/500 level until it gave in. I think when we bounce next, it may become a strong resistance. We'll see, but it looks like there is more down incoming.

[adamstgBit]

WOOOT sub 500

i just come back from a Fuckin wedding man , lOl no joke CraZy Partuy!!!

[adamstgBit]

BITCOIN!!!

[adamstgBit]

[falllling]

Momentum hasn't picked up too heavily yet, but I suspect it might. We kept pounding on that 3100/500 level until it gave in. I think when we bounce next, it may become a strong resistance. We'll see, but it looks like there is more down incoming.

told ya, you have to face bitcoin's downfall sooner or later

[JayJuanGee]

 

On the Winklevi... we have a few talking heads who have said their opinion and thrown in words like "the preponderance of the law." SEC provides much less latitude when an investment is not limited to sophisticated, wealthy, or experienced investors. See Purina case. The ETF will be limited in large part to such investors, but these activities will touch on the investments of less sophisticated investors. I could go into a multitude of cases, but it would just be attacked by FUD. So, let me just say that Securities Regulation was my best and favorite class, my prof was the former SEC enforcement head, and I just don't see the s--- happening. I may very well be wrong. I figure that's what stop-losses are for.

Well, I am glad that you have studied into some of what you perceive to be relevant precedent, and based upon that you have come to what you believe is an informed prediction.

I believe that is what we all do.  We act upon what information that we have and we assign probabilities to it, and if we are exposed to new information, then maybe we will change our probability assignments.


By the way, when you suggest that people who are bullish about BTC are in the habit of using FUD, you are largely mischaracterizing what seems to go on around here.  Frequently, downward price manipulators are in the practice of spreading FUD or partial information or incomplete information  in order to talk down BTC and to talk down its potential and to talk down its risk.. NOT all bears do this, but that is largely where you see the FUD. 

On the other side (the bullish inclinations), you may see exuberance, but most of the time these bullish inclined people are NOT in the habit of purposefully spreading misinformation about BTC.

In the long-term, people get burnt or change their mind. There is also a much more pervasive screwing of traders now that Wall Street has entered the game. Finally, the deals being attached through the mainstream, uber-regulated, above board side of the market are just f---ing lame. 10% off on Dell products? Really? I could do better than that without even trying on Amazon and heaven forbid I did try I could probably get 50% off sticker on Dell products. So, really, I don't see that working out too hot. You can count all the wallets you want or use the word adoption in every sentence, but lame is lame.

It seems that you are over emphasizing trivial matters here.  The importance about dell and other large liquidation opportunities is just that, the ability to liquidate in a variety of ways and the fact that more and more larger venders are incorporating BTC payments into their offerings.

For the average, everyday user Bitcoin just becomes a tax hassle with at least a feeling of less security (although I don't really think that is all that true at all) where the value of your funds are ever in the hands of a non-politically accountable Junta of insiders (like with the U.S. dollar, but to a higher degree because Wall Street is historically filled with scumbags) and your balance could be effectively zeroed out upon implementation of bans the next time a terrorist acts a fool or the government starts to worry it might replace state backed currencies. Also, knowing all of those hassles, or even suspecting them, it takes a truly virtuous soul to give it a chance (and they'll end up being f---ed over by one of these bucket shop exchanges). So yes, I said f---ing disaster because, frankly, this s--- is going to be worth $5 comes 2020, and maybe even sooner, unless we turn back towards the dark markets.

Which is why OpenBazaar, to me, is really tremendous news.

O.k. now, I can kind of see where you are coming from with the term "disaster," yet I still get the sense that you are being overly pessimistic. 

I do tend to agree with you; however, there are going to need to be continuing and ongoing darkmarket type BTC developments in order to assist with some of the potential problems of either financial market manipulations and/ or governmental manipulations of the BTC space.

[falllling]

 

On the Winklevi... we have a few talking heads who have said their opinion and thrown in words like "the preponderance of the law." SEC provides much less latitude when an investment is not limited to sophisticated, wealthy, or experienced investors. See Purina case. The ETF will be limited in large part to such investors, but these activities will touch on the investments of less sophisticated investors. I could go into a multitude of cases, but it would just be attacked by FUD. So, let me just say that Securities Regulation was my best and favorite class, my prof was the former SEC enforcement head, and I just don't see the s--- happening. I may very well be wrong. I figure that's what stop-losses are for.

Well, I am glad that you have studied into some of what you perceive to be relevant precedent, and based upon that you have come to what you believe is an informed prediction.

I believe that is what we all do.  We act upon what information that we have and we assign probabilities to it, and if we are exposed to new information, then maybe we will change our probability assignments.


By the way, when you suggest that people who are bullish about BTC are in the habit of using FUD, you are largely mischaracterizing what seems to go on around here.  Frequently, downward price manipulators are in the practice of spreading FUD or partial information or incomplete information  in order to talk down BTC and to talk down its potential and to talk down its risk.. NOT all bears do this, but that is largely where you see the FUD.  

On the other side (the bullish inclinations), you may see exuberance, but most of the time these bullish inclined people are NOT in the habit of purposefully spreading misinformation about BTC.

In the long-term, people get burnt or change their mind. There is also a much more pervasive screwing of traders now that Wall Street has entered the game. Finally, the deals being attached through the mainstream, uber-regulated, above board side of the market are just f---ing lame. 10% off on Dell products? Really? I could do better than that without even trying on Amazon and heaven forbid I did try I could probably get 50% off sticker on Dell products. So, really, I don't see that working out too hot. You can count all the wallets you want or use the word adoption in every sentence, but lame is lame.

It seems that you are over emphasizing trivial matters here.  The importance about dell and other large liquidation opportunities is just that, the ability to liquidate in a variety of ways and the fact that more and more larger venders are incorporating BTC payments into their offerings.

For the average, everyday user Bitcoin just becomes a tax hassle with at least a feeling of less security (although I don't really think that is all that true at all) where the value of your funds are ever in the hands of a non-politically accountable Junta of insiders (like with the U.S. dollar, but to a higher degree because Wall Street is historically filled with scumbags) and your balance could be effectively zeroed out upon implementation of bans the next time a terrorist acts a fool or the government starts to worry it might replace state backed currencies. Also, knowing all of those hassles, or even suspecting them, it takes a truly virtuous soul to give it a chance (and they'll end up being f---ed over by one of these bucket shop exchanges). So yes, I said f---ing disaster because, frankly, this s--- is going to be worth $5 comes 2020, and maybe even sooner, unless we turn back towards the dark markets.

Which is why OpenBazaar, to me, is really tremendous news.

O.k. now, I can kind of see where you are coming from with the term "disaster," yet I still get the sense that you are being overly pessimistic.  

I do tend to agree with you; however, there are going to need to be continuing and ongoing darkmarket type BTC developments in order to assist with some of the potential problems of either financial market manipulations and/ or governmental manipulations of the BTC space.

it looks like JayJuanGee is trying to "talk up" BTC

[JayJuanGee]

 

On the Winklevi... we have a few talking heads who have said their opinion and thrown in words like "the preponderance of the law." SEC provides much less latitude when an investment is not limited to sophisticated, wealthy, or experienced investors. See Purina case. The ETF will be limited in large part to such investors, but these activities will touch on the investments of less sophisticated investors. I could go into a multitude of cases, but it would just be attacked by FUD. So, let me just say that Securities Regulation was my best and favorite class, my prof was the former SEC enforcement head, and I just don't see the s--- happening. I may very well be wrong. I figure that's what stop-losses are for.

Well, I am glad that you have studied into some of what you perceive to be relevant precedent, and based upon that you have come to what you believe is an informed prediction.

I believe that is what we all do.  We act upon what information that we have and we assign probabilities to it, and if we are exposed to new information, then maybe we will change our probability assignments.


By the way, when you suggest that people who are bullish about BTC are in the habit of using FUD, you are largely mischaracterizing what seems to go on around here.  Frequently, downward price manipulators are in the practice of spreading FUD or partial information or incomplete information  in order to talk down BTC and to talk down its potential and to talk down its risk.. NOT all bears do this, but that is largely where you see the FUD.  

On the other side (the bullish inclinations), you may see exuberance, but most of the time these bullish inclined people are NOT in the habit of purposefully spreading misinformation about BTC.

In the long-term, people get burnt or change their mind. There is also a much more pervasive screwing of traders now that Wall Street has entered the game. Finally, the deals being attached through the mainstream, uber-regulated, above board side of the market are just f---ing lame. 10% off on Dell products? Really? I could do better than that without even trying on Amazon and heaven forbid I did try I could probably get 50% off sticker on Dell products. So, really, I don't see that working out too hot. You can count all the wallets you want or use the word adoption in every sentence, but lame is lame.

It seems that you are over emphasizing trivial matters here.  The importance about dell and other large liquidation opportunities is just that, the ability to liquidate in a variety of ways and the fact that more and more larger venders are incorporating BTC payments into their offerings.

For the average, everyday user Bitcoin just becomes a tax hassle with at least a feeling of less security (although I don't really think that is all that true at all) where the value of your funds are ever in the hands of a non-politically accountable Junta of insiders (like with the U.S. dollar, but to a higher degree because Wall Street is historically filled with scumbags) and your balance could be effectively zeroed out upon implementation of bans the next time a terrorist acts a fool or the government starts to worry it might replace state backed currencies. Also, knowing all of those hassles, or even suspecting them, it takes a truly virtuous soul to give it a chance (and they'll end up being f---ed over by one of these bucket shop exchanges). So yes, I said f---ing disaster because, frankly, this s--- is going to be worth $5 comes 2020, and maybe even sooner, unless we turn back towards the dark markets.

Which is why OpenBazaar, to me, is really tremendous news.

O.k. now, I can kind of see where you are coming from with the term "disaster," yet I still get the sense that you are being overly pessimistic.  

I do tend to agree with you; however, there are going to need to be continuing and ongoing darkmarket type BTC developments in order to assist with some of the potential problems of either financial market manipulations and/ or governmental manipulations of the BTC space.

it looks like JayJuanGee is trying to "talk up" BTC

I should change my name to RRRRRRRRRRRRRiiiiiiisssssing   or maybe to NOT_fallllllllllllling

[grappa_barricata]

Meh... buy back time already.

[Newbie1022]

 

On the Winklevi... we have a few talking heads who have said their opinion and thrown in words like "the preponderance of the law." SEC provides much less latitude when an investment is not limited to sophisticated, wealthy, or experienced investors. See Purina case. The ETF will be limited in large part to such investors, but these activities will touch on the investments of less sophisticated investors. I could go into a multitude of cases, but it would just be attacked by FUD. So, let me just say that Securities Regulation was my best and favorite class, my prof was the former SEC enforcement head, and I just don't see the s--- happening. I may very well be wrong. I figure that's what stop-losses are for.

Well, I am glad that you have studied into some of what you perceive to be relevant precedent, and based upon that you have come to what you believe is an informed prediction.

I believe that is what we all do.  We act upon what information that we have and we assign probabilities to it, and if we are exposed to new information, then maybe we will change our probability assignments.


By the way, when you suggest that people who are bullish about BTC are in the habit of using FUD, you are largely mischaracterizing what seems to go on around here.  Frequently, downward price manipulators are in the practice of spreading FUD or partial information or incomplete information  in order to talk down BTC and to talk down its potential and to talk down its risk.. NOT all bears do this, but that is largely where you see the FUD. 

On the other side (the bullish inclinations), you may see exuberance, but most of the time these bullish inclined people are NOT in the habit of purposefully spreading misinformation about BTC.

In the long-term, people get burnt or change their mind. There is also a much more pervasive screwing of traders now that Wall Street has entered the game. Finally, the deals being attached through the mainstream, uber-regulated, above board side of the market are just f---ing lame. 10% off on Dell products? Really? I could do better than that without even trying on Amazon and heaven forbid I did try I could probably get 50% off sticker on Dell products. So, really, I don't see that working out too hot. You can count all the wallets you want or use the word adoption in every sentence, but lame is lame.

It seems that you are over emphasizing trivial matters here.  The importance about dell and other large liquidation opportunities is just that, the ability to liquidate in a variety of ways and the fact that more and more larger venders are incorporating BTC payments into their offerings.

For the average, everyday user Bitcoin just becomes a tax hassle with at least a feeling of less security (although I don't really think that is all that true at all) where the value of your funds are ever in the hands of a non-politically accountable Junta of insiders (like with the U.S. dollar, but to a higher degree because Wall Street is historically filled with scumbags) and your balance could be effectively zeroed out upon implementation of bans the next time a terrorist acts a fool or the government starts to worry it might replace state backed currencies. Also, knowing all of those hassles, or even suspecting them, it takes a truly virtuous soul to give it a chance (and they'll end up being f---ed over by one of these bucket shop exchanges). So yes, I said f---ing disaster because, frankly, this s--- is going to be worth $5 comes 2020, and maybe even sooner, unless we turn back towards the dark markets.

Which is why OpenBazaar, to me, is really tremendous news.

O.k. now, I can kind of see where you are coming from with the term "disaster," yet I still get the sense that you are being overly pessimistic. 

I do tend to agree with you; however, there are going to need to be continuing and ongoing darkmarket type BTC developments in order to assist with some of the potential problems of either financial market manipulations and/ or governmental manipulations of the BTC space.

"By the way, when you suggest that people who are bullish about BTC are in the habit of using FUD, you are largely mischaracterizing what seems to go on around here.  Frequently, downward price manipulators are in the practice of spreading FUD or partial information or incomplete information  in order to talk down BTC and to talk down its potential and to talk down its risk.. NOT all bears do this, but that is largely where you see the FUD. "

Nah, I meant that if I tried to make the esoteric legal explanation, which at least opens the door to a more negative possibility, this would like be characterized as a FUD attempt. So, I simply would say that I have some concerns.

As far as the pessimism... I am normally biased in that direction so take that with at least a grain of salt -- I am naturally a critic. That said, there are some real challenges and we may very well meet them. But, it's not like they aren't there. The further out you go, failure is always more likely than success.

I heart the Black Market, non-regulated aspects of Bitcoin. F--- Wall Street. Bunch of bastards.

[Newbie1022]

 

On the Winklevi... we have a few talking heads who have said their opinion and thrown in words like "the preponderance of the law." SEC provides much less latitude when an investment is not limited to sophisticated, wealthy, or experienced investors. See Purina case. The ETF will be limited in large part to such investors, but these activities will touch on the investments of less sophisticated investors. I could go into a multitude of cases, but it would just be attacked by FUD. So, let me just say that Securities Regulation was my best and favorite class, my prof was the former SEC enforcement head, and I just don't see the s--- happening. I may very well be wrong. I figure that's what stop-losses are for.

Well, I am glad that you have studied into some of what you perceive to be relevant precedent, and based upon that you have come to what you believe is an informed prediction.

I believe that is what we all do.  We act upon what information that we have and we assign probabilities to it, and if we are exposed to new information, then maybe we will change our probability assignments.


By the way, when you suggest that people who are bullish about BTC are in the habit of using FUD, you are largely mischaracterizing what seems to go on around here.  Frequently, downward price manipulators are in the practice of spreading FUD or partial information or incomplete information  in order to talk down BTC and to talk down its potential and to talk down its risk.. NOT all bears do this, but that is largely where you see the FUD.  

On the other side (the bullish inclinations), you may see exuberance, but most of the time these bullish inclined people are NOT in the habit of purposefully spreading misinformation about BTC.

In the long-term, people get burnt or change their mind. There is also a much more pervasive screwing of traders now that Wall Street has entered the game. Finally, the deals being attached through the mainstream, uber-regulated, above board side of the market are just f---ing lame. 10% off on Dell products? Really? I could do better than that without even trying on Amazon and heaven forbid I did try I could probably get 50% off sticker on Dell products. So, really, I don't see that working out too hot. You can count all the wallets you want or use the word adoption in every sentence, but lame is lame.

It seems that you are over emphasizing trivial matters here.  The importance about dell and other large liquidation opportunities is just that, the ability to liquidate in a variety of ways and the fact that more and more larger venders are incorporating BTC payments into their offerings.

For the average, everyday user Bitcoin just becomes a tax hassle with at least a feeling of less security (although I don't really think that is all that true at all) where the value of your funds are ever in the hands of a non-politically accountable Junta of insiders (like with the U.S. dollar, but to a higher degree because Wall Street is historically filled with scumbags) and your balance could be effectively zeroed out upon implementation of bans the next time a terrorist acts a fool or the government starts to worry it might replace state backed currencies. Also, knowing all of those hassles, or even suspecting them, it takes a truly virtuous soul to give it a chance (and they'll end up being f---ed over by one of these bucket shop exchanges). So yes, I said f---ing disaster because, frankly, this s--- is going to be worth $5 comes 2020, and maybe even sooner, unless we turn back towards the dark markets.

Which is why OpenBazaar, to me, is really tremendous news.

O.k. now, I can kind of see where you are coming from with the term "disaster," yet I still get the sense that you are being overly pessimistic.  

I do tend to agree with you; however, there are going to need to be continuing and ongoing darkmarket type BTC developments in order to assist with some of the potential problems of either financial market manipulations and/ or governmental manipulations of the BTC space.

it looks like JayJuanGee is trying to "talk up" BTC

Dude's been a bull from day one. It's not like he is Rpietilla (or whatever the hell his name is) selling $100,000 magic bean coins while also looking to unload a stunning array of s---coins. JayJuanGee is alright.

[Newbie1022]

Ok... Just do the opposite of me. That seems to be the most advisable path. I should actually start doing a trading forecast blog so that you all know exactly what not to do.

[adamstgBit]

Momentum hasn't picked up too heavily yet, but I suspect it might. We kept pounding on that 3100/500 level until it gave in. I think when we bounce next, it may become a strong resistance. We'll see, but it looks like there is more down incoming.

told ya, you have to face bitcoin's downfall sooner or later

falling STFU

i went to a crazy party last night and i said so crazy shit

but saying bitcoin was gonna go to the moon in 10 years or pretty fucking son so BUY BUY BUY!

wasn't one of them.

bitcoin is fucking Gold my friend, Gold!

deal with it.


you know this..... you know bitcoin....

[falllling]

Momentum hasn't picked up too heavily yet, but I suspect it might. We kept pounding on that 3100/500 level until it gave in. I think when we bounce next, it may become a strong resistance. We'll see, but it looks like there is more down incoming.

told ya, you have to face bitcoin's downfall sooner or later

falling STFU

i went to a crazy party last night and i said so crazy shit

but saying bitcoin was gonna go to the moon in 10 years or pretty fucking son so BUY BUY BUY!

wasn't one of them.

bitcoin is fucking Gold my friend, Gold!

deal with it.


you know this..... you know bitcoin....

sell walls at $500 are being built, soon $500 will be a unreachable target or replace the definition of "moon"

[grappa_barricata]

sell walls at $500 are being built, soon $500 will be a unreachable target or replace the definition of "moon"

I see no walls at 500$, and I'm watching 6 fucking markets.