Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17366. (Read 26611230 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"


Do you have difficulties accepting that there can be varying approaches, strategies and views about bitcoin?  Or, you just feel good if you can denigrate others who may have differing views from you in one way or another?

No not at all. Do you?

[...] I would surmise that even a large majority of the big blockers realize that they are just spouting off bullshit [...]
[...] the smarter big blockers likely don't even believe their own bullshit.[...]
[...] We also know that a large number of these big blockers have been propagating this big blocker nonsense for nearly two years and even a little bit before [...]
[...] Surely through the past couple of years big blocker nonsense has been able to contribute to causing some loss of confidence in bitcoin [...]
[...] big blocker saboteurs [...]
[...] the superiority of the seg wit solution [...]


Denigrating big blockers is not denigrating others, it is denigrating the ideas and the various bullshit spam trolling methods that sometimes are employed to spout out big blocker nonsense.

Although maybe I could denigrate Roger Ver or Jihan Wu - but those denigrations would not necessarily be about them specifically but instead about their various ideas and tactics and whining and sabotaging.

Contrary, your small print seemed to have been targeted at a specific person.. but you suggest it is rumor... hahahahaha



hero member
Activity: 1176
Merit: 501
Can we reach the $1300 in coming days? If Litecoin finally decides to adopt Segwit can this affect the price of bitcoin too? Can people think that the end of the scalability debate would be closer and could raise the bitcoin price thus?
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
Are you guys aware that today we reached an ATH global market cap for all crypto of 30 Billion?

It's the first time that there is enough liquidity in the altcoin market (10 billion) to extra pump the next Bitcoin rally whenever it happens.

On another note, Litecoin is almost on the verge of locking in Segwit, which would not only be great for Litecoin, but also for Bitcoin in the medium/long term.

The scaling issue is the only relevant matter that is holding BTC price at this moment, I can only dream what will happen when the issue becomes a non issue anymore.
legendary
Activity: 2310
Merit: 1422
To sell is not something we have in our dictionaries.
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legendary
Activity: 1456
Merit: 1000
Do we even have bottoms any more? I can't really recall seeing a juicy one for quite some time. Maybe I'm not looking close enough.

It went all the way down to $1199 at Stamp a couple of days ago. Does that count?  Grin

Someone must have sold for that price.

i have to admit that i sold some, but profit is profit and now i have zero risk.  Wink
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Do we even have bottoms any more? I can't really recall seeing a juicy one for quite some time. Maybe I'm not looking close enough.

It went all the way down to $1199 at Stamp a couple of days ago. Does that count?  Grin

Someone must have sold for that price.

Realistically, we haven't had a real buying opportunity for a month.
hero member
Activity: 546
Merit: 500
Do we even have bottoms any more? I can't really recall seeing a juicy one for quite some time. Maybe I'm not looking close enough.
There are some little ones, like the recent dip to about $1200.  But to profit from the bottoms recently, you'd have to be some kind of mental day trader with zero patience and a package of 400 trading bots.  Still, the period of stability hasn't been a really long time.  Could always change soon.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
Do we even have bottoms any more? I can't really recall seeing a juicy one for quite some time. Maybe I'm not looking close enough.
hero member
Activity: 658
Merit: 503
Bear with me
sr. member
Activity: 392
Merit: 250
Who sold at the bottom?
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
And just like that, the 1000 coin intimidation ask wall on Stamp was pulled. Surprise, surprise.  Cheesy
hero member
Activity: 658
Merit: 503
Bear with me
We're getting at the 1000 wall. This should be fun to watch. Poor bearwhale.
sr. member
Activity: 392
Merit: 250
Good morning Bitcoinland.

Still chugging along sideways trying to pass $1250... currently $1249USD (Bitcoinaverage).

After a half a week of consolidation at these levels it seems like time to move on up.
____

Are we at $800 yet?  Roll Eyes
Bbutt $800 promised by lots of people :-( I have sold everything at $875 because it would go down to $800. They promised!!  Cry Looks like $1400 at the end of the month. I bought my first 4 digits bitcoin today guys! It felt great. It means that BTC recovers once again. I really hope to buy some 5 digits coin soon.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morning Bitcoinland.

Still chugging along sideways trying to pass $1250... currently $1249USD (Bitcoinaverage).

After a half a week of consolidation at these levels it seems like time to move on up.
____

Are we at $800 yet?  Roll Eyes
____

Edit: 1000 coin ask wall just appeared on Stamp.

LOL Looks like someone really wants to try to keep the price under $1200.

Will it be eaten or just pulled as usual?
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Stable value of bitcoin for days... I don't like it! Roll Eyes

Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump! Grin

I like the short-time price evolution on Bitstamp. We could soon reach $1252 and then break out of the 30-day Donchian channel, that could give a boost up to $1280-95 - the last price level where we stood for more than some minutes.

Bitfinex is moving in the opposite direction, but that could be actually bullish ... if it's a sign that traders are slowly regaining confidence in the exchange.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Are you referring to anyone in particular in your small text?

No not really, just a rumor.

Do you have difficulties accepting that there can be varying approaches, strategies and views about bitcoin?  Or, you just feel good if you can denigrate others who may have differing views from you in one way or another?

No not at all. Do you?

[...] I would surmise that even a large majority of the big blockers realize that they are just spouting off bullshit [...]
[...] the smarter big blockers likely don't even believe their own bullshit.[...]
[...] We also know that a large number of these big blockers have been propagating this big blocker nonsense for nearly two years and even a little bit before [...]
[...] Surely through the past couple of years big blocker nonsense has been able to contribute to causing some loss of confidence in bitcoin [...]
[...] big blocker saboteurs [...]
[...] the superiority of the seg wit solution [...]
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
[...] There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.

Bitcoin while performing quite well in all those year is not exempt from the laws of physics.

Indeed. So the market currently considers more weight to Bitcoin being an open, borderless, decentralized, permissionless, peer-to-peer network.

And on a longer time scale proven to be a great store of value, under your own control.
(even though rumor goes there are still today legendary members, already burned once or twice, writing walls of text about some infallible money making strategytm, storing their private keys at multiple third parties)


Are you referring to anyone in particular in your small text? 

I agree with your overall point in the large text, yet why do you believe that it would be necessary (or even a related topic) to raise your small text digs?

Do you have difficulties accepting that there can be varying approaches, strategies and views about bitcoin?  Or, you just feel good if you can denigrate others who may have differing views from you in one way or another?
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
[...] There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.

Bitcoin while performing quite well in all those year is not exempt from the laws of physics.

Indeed. So the market currently considers more weight to Bitcoin being an open, borderless, decentralized, permissionless, peer-to-peer network.

And on a longer time scale proven to be a great store of value, under your own control.
(even though rumor goes there are still today legendary members, already burned once or twice, writing walls of text about some infallible money making strategytm, storing their private keys at multiple third parties)
hero member
Activity: 574
Merit: 506
Stable value of bitcoin for days... I don't like it! Roll Eyes

Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump! Grin

Tell me private,

how do you define "little dump". 1000? 800? Lower?  Grin

It is remotely possible, that we will overshoot to 1500 in this move. Yet, why should we? There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.

Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
What will happen when Finex's cold-wallet starting to get empty, DOOM?
Confirmed.

Looks like it keeps decreasing.

Who will be Bitfinex'ed ?


https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

Bitfinished hahaa...

Ok back work

How much do we know that this wallet reflects bitfinex's bitcoin holdings?

I agree with the proposition that users are likely withdrawing bitcoin from bitfinex in higher degrees than they are depositing; however, bitfinex has been maintaining really decent trade volume too, so the supposed exit from Bitfinex has not seemed to have significantly negatively affected their trade volume.

I can answer you both questions... even if the second is not really a question Smiley

1) We don't know. They might have more cold wallets. Also, they wouldnt even need to use their cold wallets as they can just buy Bitcoins OTC and sell them to users for a 10% premium. If they are not doing that already, the situation is even more scary that it appears to be.

2) If they were in deep shit, they would for sure do play all sort of games to hide that fact. Running bots to increase trading volume, or even just fake it is so easy you should never take that as proof of ANYTHING. There are two types of bankrupted companies/managers... the ones that do recognize it preventively even before it happens to avoid any sort of responsability (we know Bitfinex is not that type, as they SHOULD have done it right after the hack when the liabilities exceeded the assets)... and the ones that are already so deep in their shit that keep playing until they totally drown in their own shit.


I cannot really disagree with anything that you are saying, and I think that your response is fairly reasonable. 

Regarding 1), they would be pretty dumbass if they did not attempt to figure out a way to make some additional profits on the current 10% premium.

Regarding 2),   There could be more layers of financial irresponsibility, but it does seem that Bitfinex has at least attempted to employ some pretty sophisticated tools - yet maybe if we Bitfinoxed, then we would not recognize the level of their shenanigans, until quite a while after the fact - which was also kind of the case with GOX, too... I mean with GOX, they may have kind of thought that they had some methods to be able to attempt to handle the situation and to get matters under control while their whole situation continued to slip deeper and deeper into the red.
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