Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18735. (Read 26710076 times)

The party in need of (extreme) luck would be Blockstream, if they intend to see segwit activated without Antpool.

The specifics of the HK agreement were clear, and Jihan will be holding them to their word.

Besides, you don’t run a node. You have an exchange hold some bitcoin for you… which makes your opinions on protocol, node policy, and network capacity just embarrassing. Pls resume writing paragraphs of piffle as you farm up those sig ad penny shavings, friend.

... F'ing walls...

stamp doesn't give a shit what finex is doing

Quiet, is a molehill

And another pathetic 2k dump barely budges the price.

Its true, i read news about ether, is it the only altcoin with future?

made my Day 

Let me understand this. You convert your paycheck from the US army into bitcoins via BitWage, and then you use Bitwa.la to pay your landlord via a SEPA transfer. BitWage charges you a fee, Bitwa.la charges you a fee, and the SEPA itself is a bank service. So you've added 3 middlemen, fees, and ridiculous complications for what us Luddites do via a seamless p2p cash-in-hand, 0-fee exchange

Why do I feel you're playing me? Other than you never mentioning that you were paying off the filthy fiat loan you got from bankster j00z to buy a house?

Price will go up to 600 USD in a matter of hours. At this moment the price finds itself inside a converging triangle with a floor that is going up and horizontal ceiling of 585,5 USD. This will be a new break out.

It could be even a matter of minutes.

I paid my rent in bitcoin. Bitwa.la allows you to send a SEPA transfer. He was ok with that. Now it's direct.

Probably we agree overall about the likelihood of such a practice and maybe even a certain level of futility in attempting to keep it up, yet my theory regarding the best logistics for such is to work out off exchange deals to get coins (either regularly or acquiring through various off exchange sources), and then to dump such coins on the exchanges to bring down the price.

In such a practice, they are attempting to push downward more than upwards, but such a practice becomes more difficult if they are having more difficulties getting sufficiently large quantities of coins off of exchanges... and then even those off exchanges coins become more and more expensive which then indirectly drives up the prices on exchanges (even though that was not the original intent). 

One way around this whole matter happens to be if some exchanges end up being corrupt and reflecting books of more coins than they actually hold - but maybe even that practice becomes more and more difficult because some users may figure it out that they don't really have the coins (or at least not a sufficient quantity of coins to satisfy all account holders). 

Another attempt could be to engage in a kind of leverage to attempt to push the price down by buying coins that you do not have, and that could be both expensive and even lose effectiveness if the price pressure remains upwards, despite dumpings.

Elwar's finally off the grid, living the dream.

Indeed. The supply of coins is limited.

While they can print more fiat any time to buy coins to sell at a loss, they're ultimately just adding more demand to the market while supply remains the same or decreases.

This is bound to push the price even higher. For them, this may be an expedient way to try to slow the price increase short-term, but in the long term, it's folly.

In some sense, it just seems like price is just going to retrace to it's previous high.. and then the fireworks start thereafter.


Who knows how long such retracing is going to take?  The fastest would be a few more weeks, maybe?  And, maybe a slower scenario would take a couple of years...

More realistically if we retrace over a couple of months, that would be pretty solid, and such a scenario still seems a bit too optimistic at the moment since BTC seems to have tendencies for both overshooting and unexpected moments of irrational exuberance, no?  Difficult to contain such a beast.

Yeah...


Good luck with that retarded and destructive approach...


DUMB


 

Elwar, you crazy!

EXACTLY!!!!!


I personally believe that vested status quo interests engage in a certain amount of "at a loss" dumping practices; however, at some point, their efforts no longer have an effect because they are no longer able to get their hands on a sufficient number of coins in order to negatively affect the price... and the upwards momentum becomes too great for their dumping to have a material effect.

I am not sure whether bitcoin has reached such a stage yet, in which vested interests are having difficulties acquiring coins.... but it sure is possible.

Congratulations on being bank- and mortgage-free.

Just say no.

So all this time you've been telling us your landlord accepts BTC, you were just lying? And I trusted you...

Sold my house this week. My mortgage was the last thing requiring me to have a bank account. Last mont my landlord started taking bitcoins for rent. He is happy.

Now to get all of that equity into bitcoins quickly.