Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14914.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: mindrust on January 28, 2018, 03:21:54 PM

WTF happened to the mempool? This is not the bitcoin i know. (i kid, i still remember 0 fee tx's)

Fees are as low as 1-10sat/b right now. I mean. What the fuck? https://bitcoinfees.earn.com/

Could it be that those spamming fucktards finally realized if bitcoin goes down they do too?

While scaling is certainly a problem, the apoplectic urgency expressed by the bigblockers was clearly a manufactured canard.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Here is my theory - posted here so people can pull it apart and make me smarter by pointing out my errors !

Like it or not, Coinbase / Gdax is a primary fiat gateway. Fiat flows into crypto through Gdax and also flows out through Gdax. During the rush to $19k, Gdax was often $500 ahead of Bitfinex and Bitstamp who had to be dragged kicking and screaming through arbitrage upwards.

Now we see a $500 gap in the other direction. Bitfinex is trying to soar but Gdax is dragging it down through arbitrage. The theory is that there is a net outflow of funds from crypto.

The test for my theory should be that the order books on Bitfinex should be shrinking - I have not tested this yet.

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

$12000 in one hour come on bitcoin

mindrust

legendary

Activity: 3276

Merit: 2442

WTF happened to the mempool? This is not the bitcoin i know. (i kid, i still remember 0 fee tx's)

Fees are as low as 1-10sat/b right now. I mean. What the fuck? https://bitcoinfees.earn.com/

Could it be that those spamming fucktards finally realized if bitcoin goes down they do too?

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

Quote from: JayJuanGee on January 28, 2018, 03:17:29 PM

Quote from: Torque on January 28, 2018, 02:22:36 PM

Quote from: starmman on January 28, 2018, 02:16:02 PM

Quote from: JayJuanGee on January 28, 2018, 02:09:12 PM

Whether it is conspiracy or not, we need to formulate some kind of explanation about why now coinbase is $200 below the BTC market price on the weekend, and in previous weekends it was $200 above. Could be the network speed is increased, so easier to move bitcoins in and out of coinbase? Could be manipulation to set an impression that selling is higher than buying - since coinbase is a pretty BIG onramp from fiat(including USD)?

Sounds like more people selling than buying causing pressure on the buy side to me

Why doesn't somebody with a Twitter acct just reach out and ask Brian A. what the hell is going on?
https://twitter.com/brian_armstrong?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

^{(I don't use Twitter)}

Yeah right. Roll Eyes

As if he is going to answer with any kind of honesty or accurate depiction.

over 90% of the time something is going wrong (corrupt)

any trust in any exchange is naive - mtgox, cryptsy and trustworthy btc-e robbed by US fed, recent 500million exchange hack in japan etc etc etc

do not trust any of them, use them while you can, diversify exchanges and use hardware wallets

the new national cryptos coming out are going to legitimatize crypto and discredit competitors (bitcoin)

the IMF new crypto based on the SDR will be the one to rule them all

something is coming

update: hypothesis

need more sheeple into crypto
pump btc higher
introduce safer nationalized crypto
IMF introduces global crypto
crash btc - discredit
flood of sheeple into centralized crypto

beware the sheeple

I would hate for this to happen

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: HI-TEC99 on January 28, 2018, 03:05:13 PM

Most exchanges have been freezing due to the strain all their new users are putting on their systems. The kraken had to do a massive upgrade to its severs after months of problems. Straining those exchanges to that extent would be much harder to fake. Most Bitcoin exchanges won't let you trade until you supply KYC documents.

it has been 6 weeks now you can not even get the process started at Bittrex

Quote

Dear new users:

We have received an enormous number of new account registrations over the past few weeks. We are excited to have so many new users who want to join the Bittrex community. Unfortunately, we have to make a few upgrades to our support and backend systems to handle the increased traffic and load. As such, we have halted new user registrations for the time being. If you already have an account on Bittrex, you will not be affected by this change. Please continue to the log in as you normally do.

To our new users, we will keep you posted on when we open up registration. We apologize for the inconvenience!

The Bittrex Team

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Torque on January 28, 2018, 02:22:36 PM

Quote from: starmman on January 28, 2018, 02:16:02 PM

Quote from: JayJuanGee on January 28, 2018, 02:09:12 PM

Whether it is conspiracy or not, we need to formulate some kind of explanation about why now coinbase is $200 below the BTC market price on the weekend, and in previous weekends it was $200 above. Could be the network speed is increased, so easier to move bitcoins in and out of coinbase? Could be manipulation to set an impression that selling is higher than buying - since coinbase is a pretty BIG onramp from fiat(including USD)?

Sounds like more people selling than buying causing pressure on the buy side to me

Why doesn't somebody with a Twitter acct just reach out and ask Brian A. what the hell is going on?
https://twitter.com/brian_armstrong?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

^{(I don't use Twitter)}

Yeah right. Roll Eyes

As if he is going to answer with any kind of honesty or accurate depiction.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: starmman on January 28, 2018, 02:16:02 PM

Quote from: JayJuanGee on January 28, 2018, 02:09:12 PM

Quote from: Torque on January 28, 2018, 12:03:43 PM

Quote from: FractalUniverse on January 28, 2018, 11:47:37 AM

What worries me about tether the most is not that it may not be fully covered by real dollars, but that it might be dangerously close to what central banks are doing. ANd we all know, that banks are not too happy when someone else is taking their money printing/fractional reserve monopoly away from them. Especially when they cannot control it.

My conspiracy tinfoil hat tells me that Tether was sort of endorsed by the CB establishment. They need Bitcoin and the whole crypto market to have a weakness, an Achilles heel, when the next financial crisis comes. Otherwise they know that Bitcoin will go to the moon and they won't have a way to crash and short it.

Tether could be like their Trojan Horse. Cheesy

Whether it is conspiracy or not, we need to formulate some kind of explanation about why now coinbase is $200 below the BTC market price on the weekend, and in previous weekends it was $200 above. Could be the network speed is increased, so easier to move bitcoins in and out of coinbase? Could be manipulation to set an impression that selling is higher than buying - since coinbase is a pretty BIG onramp from fiat(including USD)?

Sounds like more people selling than buying causing pressure on the buy side to me

I doubt that you can so easily jump to such "more people selling than buying" conclusions, especially if we are talking about short term changes here and there - unless you are just trying to make things up in order to attempt to describe an outcome that you would prefer.

Recently we have been in a kind of consolidation that has been kind of drifting downwards, concededly, yet it is not clear about whether such downward drifting is going to continue or whether we are at the end of such downward drifting.

Of course, if BTC prices are going down, then there are more people selling than buying, but the opposite is happening then we have more people buying than selling.

There can be short term impressions about price direction and there can even be arguments both ways, including technical analysis that frequently get's blown out of the water in bitcoinlandia, especially when it is attempting to describe inevitable necessity for further downwards BTC price movements.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: Globb0 on January 28, 2018, 02:47:06 PM

Quote from: Torque on January 28, 2018, 11:32:00 AM

Quote from: RealMachasm on January 28, 2018, 11:19:24 AM

Doesn't seem to tie up with the number of new signups on various exchanges.
If it was just a relative few deep pocketed investors then surely there wouldn't have been such a demand for new registrations?

Well if demand was really so high from the retail side, then shouldn't we be seeing the price skyrocket right now? Or at least continue to rise? Hell, 20M+ retail accounts worldwide just trying to buy $50-100 each in this one month would send the price to the moon right now.

But we aren't even seeing that level of buying pressure. That's why I think it mostly came from the institutional side.

I'm sure we'll continue to see 500K - 1M sign ups a month this year, but not sure that will immediately translate to more buying. It really makes me wonder how much bitcoin is being bought by all these new accounts.

Interesting thought. I suppose if new signups was becoming a measure of adoption, then there may be some value in some group or other manipulating the figures.

Sign up is about the least hard thing to do. When you can already buy 1000's of Chinese zombies to click x or y at a certain time or like a post or whatever for just pennies.

Most exchanges have been freezing due to the strain all their new users are putting on their systems. The kraken had to do a massive upgrade to its severs after months of problems. Straining those exchanges to that extent would be much harder to fake. Most Bitcoin exchanges won't let you trade until you supply KYC documents.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

whelp...so much for today

http://philome.la/johnayliff/seedship/play

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: Torque on January 28, 2018, 11:32:00 AM

Quote from: RealMachasm on January 28, 2018, 11:19:24 AM

Doesn't seem to tie up with the number of new signups on various exchanges.
If it was just a relative few deep pocketed investors then surely there wouldn't have been such a demand for new registrations?

Well if demand was really so high from the retail side, then shouldn't we be seeing the price skyrocket right now? Or at least continue to rise? Hell, 20M+ retail accounts worldwide just trying to buy $50-100 each in this one month would send the price to the moon right now.

But we aren't even seeing that level of buying pressure. That's why I think it mostly came from the institutional side.

I'm sure we'll continue to see 500K - 1M sign ups a month this year, but not sure that will immediately translate to more buying. It really makes me wonder how much bitcoin is being bought by all these new accounts.

Interesting thought. I suppose if new signups was becoming a measure of adoption, then there may be some value in some group or other manipulating the figures.

Sign up is about the least hard thing to do. When you can already buy 1000's of Chinese zombies to click x or y at a certain time or like a post or whatever for just pennies.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: d_eddie on January 28, 2018, 02:28:18 PM

Quote from: UnDerDoG81 on January 28, 2018, 02:18:28 PM

Sorry for that stupidish question. I invested 2013 in Bitcoin and holding since then. My Coins are on a paper wallet and I don't have much to do with cryptos since then. Everybody is talking about tether these days. I have no idea what that is again. Do I have to do anything with my bitcoins before this tether thing crashes? Or simply hold another few years?

It isn't stupid to ask IMO.
Very briefly:
Tether, as per the FAQ pointed above, is a substitute for USD pegged 1:1.
It's being used to add fiat-like liquidity.
There are worries of over-creation of tether (fractional reserve), along with more complex hypotheses.
If it is a fake, and it pops, there will be some blood and unpleasant consequences on BTC price.
However, bitcoin has lived through worse events (Gox, for example). If one believes in the long-term future of bitcoin, tether shouldn't be able to sway their course of action for the long run.

TL;DR: Just hodl.

On August 2, 2016 bitfinex announced it had lost 120,000 Bitcoins in a hack. Although I thought that would crash the price it only went down by $50, then doubled up to over a thousand dollars by the end of the year.

Bitcoin survived that, and it will survive a tether pop (if it does pop).

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: UnDerDoG81 on January 28, 2018, 02:18:28 PM

Sorry for that stupidish question. I invested 2013 in Bitcoin and holding since then. My Coins are on a paper wallet and I don't have much to do with cryptos since then. Everybody is talking about tether these days. I have no idea what that is again. Do I have to do anything with my bitcoins before this tether thing crashes? Or simply hold another few years?

It isn't stupid to ask IMO.
Very briefly:
Tether, as per the FAQ pointed above, is a substitute for USD pegged 1:1.
It's being used to add fiat-like liquidity.
There are worries of over-creation of tether (fractional reserve), along with more complex hypotheses.
If it is a fake, and it pops, there will be some blood and unpleasant consequences on BTC price.
However, bitcoin has lived through worse events (Gox, for example). If one believes in the long-term future of bitcoin, tether shouldn't be able to sway their course of action for the long run.

TL;DR: Just hodl.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: starmman on January 28, 2018, 02:16:02 PM

Quote from: JayJuanGee on January 28, 2018, 02:09:12 PM

Whether it is conspiracy or not, we need to formulate some kind of explanation about why now coinbase is $200 below the BTC market price on the weekend, and in previous weekends it was $200 above. Could be the network speed is increased, so easier to move bitcoins in and out of coinbase? Could be manipulation to set an impression that selling is higher than buying - since coinbase is a pretty BIG onramp from fiat(including USD)?

Sounds like more people selling than buying causing pressure on the buy side to me

Why doesn't somebody with a Twitter acct just reach out and ask Brian A. what the hell is going on?
https://twitter.com/brian_armstrong?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

^{(I don't use Twitter)}

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: UnDerDoG81 on January 28, 2018, 02:18:28 PM

Sorry for that stupidish question. I invested 2013 in Bitcoin and holding since then. My Coins are on a paper wallet and I don't have much to do with cryptos since then. Everybody is talking about tether these days. I have no idea what that is again. Do I have to do anything with my bitcoins before this tether thing crashes? Or simply hold another few years?

https://tether.to/faqs/

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

Sorry for that stupidish question. I invested 2013 in Bitcoin and holding since then. My Coins are on a paper wallet and I don't have much to do with cryptos since then. Everybody is talking about tether these days. I have no idea what that is again. Do I have to do anything with my bitcoins before this tether thing crashes? Or simply hold another few years?

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: JayJuanGee on January 28, 2018, 02:09:12 PM

Quote from: Torque on January 28, 2018, 12:03:43 PM

Quote from: FractalUniverse on January 28, 2018, 11:47:37 AM

What worries me about tether the most is not that it may not be fully covered by real dollars, but that it might be dangerously close to what central banks are doing. ANd we all know, that banks are not too happy when someone else is taking their money printing/fractional reserve monopoly away from them. Especially when they cannot control it.

My conspiracy tinfoil hat tells me that Tether was sort of endorsed by the CB establishment. They need Bitcoin and the whole crypto market to have a weakness, an Achilles heel, when the next financial crisis comes. Otherwise they know that Bitcoin will go to the moon and they won't have a way to crash and short it.

Tether could be like their Trojan Horse. Cheesy

Whether it is conspiracy or not, we need to formulate some kind of explanation about why now coinbase is $200 below the BTC market price on the weekend, and in previous weekends it was $200 above. Could be the network speed is increased, so easier to move bitcoins in and out of coinbase? Could be manipulation to set an impression that selling is higher than buying - since coinbase is a pretty BIG onramp from fiat(including USD)?

Sounds like more people selling than buying causing pressure on the buy side to me

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Torque on January 28, 2018, 12:03:43 PM

Quote from: FractalUniverse on January 28, 2018, 11:47:37 AM

What worries me about tether the most is not that it may not be fully covered by real dollars, but that it might be dangerously close to what central banks are doing. ANd we all know, that banks are not too happy when someone else is taking their money printing/fractional reserve monopoly away from them. Especially when they cannot control it.

My conspiracy tinfoil hat tells me that Tether was sort of endorsed by the CB establishment. They need Bitcoin and the whole crypto market to have a weakness, an Achilles heel, when the next financial crisis comes. Otherwise they know that Bitcoin will go to the moon and they won't have a way to crash and short it.

Tether could be like their Trojan Horse. Cheesy

Whether it is conspiracy or not, we need to formulate some kind of explanation about why now coinbase is $200 below the BTC market price on the weekend, and in previous weekends it was $200 above. Could be the network speed is increased, so easier to move bitcoins in and out of coinbase? Could be manipulation to set an impression that selling is higher than buying - since coinbase is a pretty BIG onramp from fiat(including USD)?

acquafredda

legendary

Activity: 1316

Merit: 1481

Quote from: acquafredda on November 20, 2017, 01:56:00 PM

Quote from: Torque on November 19, 2017, 05:20:58 PM

Quote from: gentlemand on November 19, 2017, 05:17:35 PM

Quote from: Torque on November 19, 2017, 05:13:10 PM

I like the one guys reply.
"Always ask for evidence" - Sure. Please provide evidence that you are solvent.

Lol

From the same thread - "Burden of proof is with the people making accusations not the other way around"

I've seen this thrown back multiple times by Bitfinex when asked about this.

It doesn't quite compute. People are making an accusation based on a complete lack of evidence to refute it and BFX are only too happy not to provide it.

The funny thing is though, I'm not sure any of these exchanges are fully solvent. They could all be running fractional reserves. Or leveraging user account coins against other investments. Hence the reason why the whole "yearly independent bitcoin audit" thing seemed to have died 2-3 years ago.

About fractional-reserve and Bitcoin Exchanges there's this thread if you missed it
https://bitcointalksearch.org/topic/dataexchanges-their-way-of-using-a-fractional-reserve-and-generate-inflation-945881

Please, do yourselves a favour: don't get tethered

Wink

OWZ1337

member

Activity: 140

Merit: 17

BITCOIN===>THE DISRUPTIVE CYBERCURRENCY

Quote from: HI-TEC99 on January 28, 2018, 12:36:22 PM

Quote from: Torque on January 28, 2018, 11:32:00 AM

Quote from: RealMachasm on January 28, 2018, 11:19:24 AM

Doesn't seem to tie up with the number of new signups on various exchanges.
If it was just a relative few deep pocketed investors then surely there wouldn't have been such a demand for new registrations?

Well if demand was really so high from the retail side, then shouldn't we be seeing the price skyrocket right now? Or at least continue to rise? Hell, 20M+ retail accounts worldwide just trying to buy $50-100 each in this one month would send the price to the moon right now.

But we aren't even seeing that level of buying pressure. That's why I think it mostly came from the institutional side.

I'm sure we'll continue to see 500K - 1M sign ups a month this year, but not sure that will immediately translate to more buying. It really makes me wonder how much bitcoin is being bought by all these new accounts.

Most exchanges still have a giant backlog of newly registered users waiting to get verified. Some of them had to upgrade their servers to handle the numbers of users that were already verified, but they still haven't dealt with the unverified backlog. There are still people who have been waiting for months for verification.

After they all get verified the price might skyrocket again.

pls hurry up and "verify" our crack team of homeless people(sockpuppets) that are signing up to bittrex Wink

~*good luck with that!*

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14914. (Read 26717059 times)