Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16869. (Read 26713229 times)

Are you sure? I think they are already in. The Asian mom and pop investors (gamblers) are not sufficient to explain this years raise. As always, the banksters come in via the backdoor, then pump up and then start selling to the public.

Heard this one before. Heard it in 2014, after the market had peaked. In fact, there are tweets from mid 2014 where people like Barry Silbert were saying that exact same thing, that "big money" and "Wall Street" were right around the corner to come flooding in any minute.

They never did.

OTC transactions are 10% - 20% more expensive than the exchange ones! And also... I think they would create their own exchanges, that are in their own will of command!

I guess it depends on how you define "average Joe".

At this still early time in Bitcoin's short history, employee consumers making small retail purchases certainly don't represent more than a tiny fraction of Bitcoin use.

Bitcoin's main functions at present are as a speculative investment, a secure place to store wealth pseudonymously, and primarily as a cheap fast way to move money internationally.

I wouldn't worry too much about those 66k because either:

- They are already confiscated.
- They are controlled by other BTC-e  owners

In first case it will take years before those coins get auctioned. It is also probable another lawsuit from Mtgox claiming those coins.
In second case, either BTC-e reopens or they guy just hand it over to authorities. At this moment, other participants of BTC-e must be scared as hell. I don't think they will do anything with the coins in some long time if ever, plus those coins are being heavily monitored and it won't be easy to try convert them to fiat without incurring in very high risks.

About your point 1... it is you who thought that would mean a price crash... For me it was somewhat bullish/neutral: There have been almost no drama in the segwit activation process, in fact it is going smoothly and with 100% consensus. BCC, meh. And it is not that bad that regulators are starting to enforce the regulation that was theoretically in place since a few years now.

Also, you are assuming 1 Aug will not moon. I don't expect it to moon either. I expect it to start rising and breaking ATH a few days later. For moon, you will have to wait for october/november.

I don't have a crystal ball, but besides the drama Bitcoin is in a better position now than it has ever been.

big money does not get big by going on an exchange and buying everything with two hands.

it buys otc, but only after crashing the market to the best of its ability.

As the price always goes opposite direction it seems to be reasonable, it can only go DOWN from here:

1. BTC-e + SEC + BCC + segwit activation drama = obvious massive crash (yesterday news)

2. Since crash didn't happen, now people are like: Jezzz!!! This is super bullish! 1st August to the moon!

3. Since 1st of August will not moon, and probably new info from BTC-e may suggest there are 66k coins ready to dump somewhere = supercrash.

I hope I am wrong.

I keep wondering the same thing.. When are they gonna come and buy some?? Because when they do everything will go apesh!t.. with blood and paper money flying on the walls. The exchanges will go absolutely bonkers! Vertical will be the way! Trying to flush out coins from all corners of the world with a higher, higher and higher price for each coin from those that hodl so they can regain control of the manipulation.

Big money is just waiting the 'correct' time to enter Bitcoin. They are losing patience and starting to panic why market isn't dumping in light of HF fud, 1stAug, chain split, SEC ruling on ICOs, BCC, and btc-e news. A lot of people that shorted Bitcoin are now biting their nails.

Remember you were an Average Joe once...

While we keep learning, it's our duty to let them know what are governments doing, what is exactly capitalism, how money works, and the meaning of freedom... I'm a dreamer I know

Good morning Bitcoinland.

Didn't check in yesterday. Got woken up by an urgent phone call and was busy all day. Still managed to buy the dip though.

Now it's up by over $100 which is small potatoes but at least it's up... currently $2565USD (Bitcoinaverage).
_______

Added 3 coins this week using about half of my Bitcoin purchase allowance. I think that's it until August unless something weird happens.

I hope I don't get stuck with a $10kCAD fiat bag if the price soars in August. I still think there will be some kind of extreme volatility though and I want to be ready.

I guess we have to wait and see.

Correct.

The actually small time users have a role to play as well. Because they eat from the profits of the big guys!

If you stay and think about it, in a normal market rigging scenario, the big guys win, win and win with every rally. Ok?? ... So basically when they pump but still get less and even less. Those 1-2% losses are still loses and "the little fish" are eating from their "kahuna" profits.

So nefarious market manipulators and shady Chinese miners are the only ones that matter for now. Actual users don't matter.

Got it.

average joe will not drive the price up until many more years have passed. no one cares what average joe thinks for now.

So sure are we? Hope that you are right, but I'm curious what you are attributing that to.

I'm not sure that Average Joe, after reading the headlines about BTC-e's demise and that bitcoin is used by criminals, will be falling all over himself to buy ANY bitcoin right now. Especially when he has absolutely no fkn clue what either SegWit or SegWit2X are, nor does he care.

I suggest you take your coins out of the exchange on your own wallet... but keep it on multiple things, in multiple places and not connected to the internet. (a.k.a. "cold storage" )

From what I see there is a battle against exchanges and the goal is the confiscation of bitcoin by governments. Then they auction the coins and make a quick buck! Hence reducing their state / local deficit in their budgets.      #EconomicGrowth    

$5K is a done deal. Interesting question is if we go over $10K by the end of this year?

So how you guys liking that back-and-forth wash trading?

Feels just like a groundswell of overwhelming public demand, doesn't it?  At this rate we'll be over $5K in no time!  /s