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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13599. (Read 26716084 times)

legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
Good morning all.

Bitcoins price continues to edge downward without apparent reason. The market maker at Bitfinex appears to be the one forcing the price lower. Where will it stop? What are the motivations behind this? It seems a risky way to accumulate more coins. Literally groping for pennies in front of the proverbial steamroller. Sure..you can increase your pile of coins but what is the use if the price declines? Your stash will have perhaps less value in fiat at the end of the day the longer the price drops. Just seems like an ass backwards way of doing things.

Even the promising news of MtGox entering civil rehabilitation has not turned the market sufficiently imho.

Meanwhile, interest in bitcoin is declining at the institutional and sovereign levels. This is what concerns me the most. All the worlds a stage and bitcoin is front and center with many many interested parties. Literally trillions of dollars sitting on the sidelines trying to determine if this really is the next big thing. The continued shenanigans prevalent in this space are counter productive to say the least. Makes me wonder if this drop and the loss of billions in market capitalization was really over a $10k bet. If so, the increased audits, subpoenas and surveillance would be well earned.



jr. member
Activity: 138
Merit: 6
homer x10 you proably never live in israel.. i live years! check bruce baird twitter https://twitter.com/drbairdonline  https://twitter.com/drbairdonline for FACTS!
 soo leave that bullshits about what iranian women want .   we have here ex iranians(oposition now)  in politics and in ex government .. few 10k live here ..100k arround..
as always braiwashed member here )))))) and proud btc cassino chip fan

https://hooktube.com/watch?v=UbbWuiAtRd4     when we can not win over them, let's join them Cheesy Cheesy Cheesy aka capitulation of ussa    clinton in cossack hat

https://twitter.com/drbairdonline
https://twitter.com/drbairdonline
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
WHAT a game did the belgiums played today  Shocked WOW Shocked    5-2    HAZARD AGAIN

And a Big BTC recovery  Roll Eyes time for dinner and weekend time  common BTC pump a little bit

gotta see some green figures down weekend time to cover the spendings

I got back from Vegas today, 10 hour flight & 2.5 hour drive home. Pretty fucking tired & $5,000 spent gambling, drinking & getting high Cheesy
Bitcoin continues to creep downwards but I’m not fucking bothered any way, we HODL on. The price will be over $50,000 per coin by mid 2021 so this is all just shit foreplay. A few years until we sink in her balls deep Smiley

legendary
Activity: 3122
Merit: 1538
yes
Just going to the point of maximum pain. Guessing the bottom is pointless. Just set your accumulation zone somewhere (between $6,000-$3,000) and ride this one out.
legendary
Activity: 1834
Merit: 4197
Good morning all.

Bitcoins price continues to edge downward without apparent reason. The market maker at Bitfinex appears to be the one forcing the price lower. Where will it stop? What are the motivations behind this? It seems a risky way to accumulate more coins. Literally groping for pennies in front of the proverbial steamroller. Sure..you can increase your pile of coins but what is the use if the price declines? Your stash will have perhaps less value in fiat at the end of the day the longer the price drops. Just seems like an ass backwards way of doing things.

Even the promising news of MtGox entering civil rehabilitation has not turned the market sufficiently imho.

Meanwhile, interest in bitcoin is declining at the institutional and sovereign levels. This is what concerns me the most. All the worlds a stage and bitcoin is front and center with many many interested parties. Literally trillions of dollars sitting on the sidelines trying to determine if this really is the next big thing. The continued shenanigans prevalent in this space are counter productive to say the least. Makes me wonder if this drop and the loss of billions in market capitalization was really over a $10k bet. If so, the increased audits, subpoenas and surveillance would be well earned.

I will add that trying to keep things in a positive light when the majority of you around here are negative nancy's is taxing on many levels.
-1 WOsMerit for the lot of you. "We" set the bar around here...time to raise it again.

@Roach  btw, I caught that post before the edit. Careful now, would ruin the image to let some humanity show..
 





legendary
Activity: 3794
Merit: 5474
So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.

Enjoy that :

https://www.youtube.com/watch?v=YZKGot04cE8

Don't forget the flame suit!
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
WHAT a game did the belgiums played today  Shocked WOW Shocked    5-2    HAZARD AGAIN

And a Big BTC recovery  Roll Eyes time for dinner and weekend time  common BTC pump a little bit

gotta see some green figures down weekend time to cover the spendings
legendary
Activity: 2268
Merit: 1278
So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.

By the time electrical cars are mainstream the tesla with current battery technology will look like a nokia compared to an iphone X.

Screaming V10/V12 > soulless electric shit box.

Huracan performante or Aventador SV for me all day.
The nokia was a solid phone man. Didn't break all the time either.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
legendary
Activity: 2254
Merit: 1043
So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.

By the time electrical cars are mainstream the tesla with current battery technology will look like a nokia compared to an iphone X.

Screaming V10/V12 > soulless electric shit box.

Huracan performante or Aventador SV for me all day.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
The scariest part of this drop is that there isn't even any major FUD driving it. It's not like last time where there was the China ban and Gox and major exchange issues happening left and right. The drop is just happening naturally on it's own. What is going to happen when the real FUD begins?

Parelleling this phenomena is the continiously unanimous bullishness in the forum. Charts always with some upwards plot and bulls popping champagne and posting rockets every time there is a 5% rise, and circle jerking eachother 'oh yes that's a great analysis, just how I see it. excellent work. and things will be even more bullish after XYZ conference. we could take this further and add an extra digit or two.' (as the bottom is being challenged on low volume)

Aside from your taunting, I find your analysis to be quite good, and I tend to agree with it.  I do NOT take pleasure by rubbing salt into the wounds of the bulls.  Perhaps this is because I am a holder.  Trading does not suit me.  So I get to feel the pain of your salt when you spread it around.  Does it bring you much pleasure?

With that complaint out of the way, my reason for posting.

Do you think it is possible that this low volume trading we are seeing is indicative of an age of OTC trading.  I have been starting to wonder what strange effects we could be seeing if that is the case.

This is an analysis including sentiment analysis as well as a critique of poor attempts at short-term ta. It's not a would salting. Youre giving a double standard here. Everything I do, bulls do in reverse. Bulls do it 10 times worse, and definitely salt the wounds of bears when the market goes their ways. During a rally theyre litterally yelling profanities and death threats at bears. Karma.

This really surprises me.  You are justifying your taunts by basically saying "They hit me first, and there are more of them, and they are dumb, and it's not fair.".  Lol.  I expect more from someone I perceive as your caliber of intellect.  I may be incorrect in my assessment?  But I am not usually.  You seem to draw power from playing the righteous contrarian.  It's a thing people do...  I get it.
legendary
Activity: 2268
Merit: 1278
So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.
legendary
Activity: 1806
Merit: 1828
Confirmed! ...Finally we hit the bottom!!



I'm still not convinced. Need a decent volume test of the resistance before I feel more comfortable.


Mt gox heard you and here is the response



Hodl boys, just hodl until the storm pass!

Sometimes evacuation is the better option rather than holding strong.

legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
got bankster written all over them

legendary
Activity: 2142
Merit: 1065
✋(▀Ĺ̯ ▀-͠ )
Confirmed! ...Finally we hit the bottom!!

Mt gox heard you and here is the response



Hodl boys, just hodl until the storm pass!
copper member
Activity: 1526
Merit: 2890
Confirmed! ...Finally we hit the bottom!!

legendary
Activity: 1806
Merit: 1828
By the end of July we shall see price above $10k.


Not going to happen.

Just as likely to see price at 2k.

Random move, 4k up or 4k down. No analysis.

That is not how it works. We use log scale not linear scale. A probability of the price being 5/3 as high as it is now is supposed to be as probable as a fall to 3/5 of what it is now. So a rise to ~10k should be equivalent to a fall to ~3600, not 2K.
legendary
Activity: 2101
Merit: 1061

@Jbreher
I'm dissapointed in you spreading outright lies, obviously I have misjudged you. Dash is a distributed decentralised blockchain secured with proof of work. Just like bitcoin.  

Er... 'masternodes' - just like Bitcoin?

Lol


Whats your point?

That saying dash / darkcoin is (and ever has been) 'just like Bitcoin' is at the very least a bit of a stretch.  Evan's control and the masternode system doesn't look at all 'decentralised' to me.

Thats what I thought. You've got nothing.
legendary
Activity: 3276
Merit: 2442
legendary
Activity: 3794
Merit: 5474
...then we can suspect Brock Pierce and his Goldman buddies have bought off the regulators.

If you think this deranged clown manchild actually has "Goldman buddies" or even runs in the same circles then you are delusional.





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