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

[jojo69]

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.

[Toxic2040]

Come at me with something better jojo..weak sauce.

-1 WOsMerit

[jojo69]

[xhomerx10]

https://cryptocoremedia.com/bitcoin-super-boom-coming-soon/

SUPERBOOM .       

 I like the sound of that!

[hodl_2015]

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.

If would choose the Tesla if they where the same price, and that's for all the clever design work done on the car, not just the much more reasonable maintenance cost.

[Rsiyz]

https://www.marketwatch.com/story/rolls-royce-to-cut-4600-jobs-amid-engine-problems-2018-06-14   wow capitalism glass house dead ? engines..

https://seekingalpha.com/article/4182288-tesla-energy-may-dead?page=3 4000 

[Toxic2040]

Ok kiddo..enlighten me with your sage advice. What do you perceive to be the root cause of this downturn? Can you and will you take the time to write down and post your opinion in a concise and thoughtful manner here? Or shall we continue to see ad hominem thrashing about to make yourself feel better?
You know where the ignore button is.


---------
Bitcoin

Sideways followed by a late Sunday early Monday dump seems to be forming.

#dyor

[Rsiyz]

https://www.youtube.com/watch?v=iJ8V-78-_hM&index=11&t=0s&list=WL  N.W.O. - Ministry - Sphinctour

https://www.youtube.com/watch?v=WUC-7uFH1gs&index=13&t=0s&list=WL  Manu Chao - Clandestino & Desaparecido & Rumba de Barcelona
 
https://www.youtube.com/watch?v=doGWbSr4dOA&index=18&t=0s&list=WL   i love this scene

https://www.youtube.com/watch?v=1JJbN_xPzuY&index=3&t=0s&list=WL  if BTC MOOOOON again .....      

just today i buy litle dip and falling again  

[jojo69]

Ok kiddo..enlighten me with your sage advice. What do you perceive to be the root cause of this downturn? Can you and will you take the time to write down and post your opinion in a concise and thoughtful manner here? Or shall we continue to see ad hominem thrashing about to make yourself feel better?
You know where the ignore button is.

you say stuff I don't want to hear, therefore you are a poopy head

[shahzadafzal]

Let's talk about Bitcoin potential growth!

If BTC overtakes USD $1.5T (USD in circulation) with total supply of 21 million btc then

1 BTC =>   $1.5 trillion / 21 million BTC =  $71428.57

[Rsiyz]

Ok kiddo..enlighten me with your sage advice. What do you perceive to be the root cause of this downturn? Can you and will you take the time to write down and post your opinion in a concise and thoughtful manner here? Or shall we continue to see ad hominem thrashing about to make yourself feel better?
You know where the ignore button is.

you say stuff I don't want to hear, therefore you are a poopy head

Pink Floyd’s Roger Waters: US escalation around the world 'desperately dangerous'
Pink Floyd’s Roger Waters: US escalation around the world 'desperately dangerous'
Pink Floyd’s Roger Waters: US escalation around the world 'desperately dangerous'
Pink Floyd’s Roger Waters: US escalation around the world 'desperately dangerous'

usa )))))))))
 https://www.youtube.com/watch?v=v7jcvfbLoIA&t=0s&index=4&list=PLje3IfLXsra3QqzM7yRV5Zy5B44-vdlA7

[Last of the V8s]

They called it the 'JJ/TC struggle' at first, but really it was all out war.

No one knew how it started or when it might end, as both sides were vicious in attack and stolid in defence.

Some say it started way back when bitcoin plummeted through the $6m previous low (I know, kids, scary right, how little it used to be worth) that had built up after a meteoric rise to just $20m lol. People's nerves were frayed back then as you might imagine. Insults were hurled of a ferocious and savage nature about bearish charts, they say.

Others put it even further back, but since all records were 'lost' when the big fatty from the BIS came for theymos' records, we might never know.

They even say one time during General LawBlaw's $1billion dollar party the JJ camp threw poop at the TC camp who simply turned their backs and ignored the foul abuse. But nobody remembers anything from that famous 3 week party.

There seems to be a bit of a lull right now in the struggle with just a few kidnappings and rustlings to keep the younger generations on their toes. Some ask for Doge infofront III to intervene and bring about peace, but we all know chutzpah is not always passed down the generations.

[mymenace]

Was in a thread....

"What is the biggest problem in you country"

I post the below link, it references a lot about the "banking" system, thought it was really good in understanding the financial systems


The rest of it well, make your own mind up


Could someone please explain why it was deleted?

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

https://archive.org/stream/TheSynagogueOfSatan/TheSynagogueOfSatan_djvu.txt

please avoid posting things that need to be deleted


No problem

What are the things?

[infofront]

@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?

Dash is a shitcoin. In fact, it's one of the quintessential shitcoins.

You always wonder why I delete your shill posts. Well, there it is.

[infofront]

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.

At the top of my list would be a Challenger Hellcat. I would choose a Tesla Model S over a lambo any day though.

[infofront]

I rarely post my own charts (or chart on my own, for that matter), but here's a simple one:



Medium term bearish.

[mymenace]

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.

At the top of my list would be a Challenger Hellcat. I would choose a Tesla Model S over a lambo any day though.

Mercedes S400 long wheel base

Ultimate luxury




Ruby Black yum

[vortex1878]

Anyone quoting JJG or shahzadafzal gets an instant ignore. Please do the same.
So sick of fucktards. Seriously.

[JayJuanGee]

to the HODLERS!!!

We seem to be either in a hold or buy stage.....   So if you are trying to suggest something other than that, such as sell, then  you are off base.

Regarding crying over whatever past behavior that you had, which is buying too much at higher prices or not selling some at higher prices, I suppose you could do that too.. as long as you attempt to learn from your mistakes and don't take your eye off the prize.. .which is HODLing and buying BTC... even during these seemingly "tough times."

[JayJuanGee]

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.

Don't correct his stupid-ass math.  Wait until the "bet is in" first.  

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.

That is what "they" want you to think.

If you think about the situation, when we have already gone through a 70% correction, then it is likely going to take a a lot more effort to squeeze additional weak hands... So good luck with anyone selling their bitcoins at these prices expecting to buy back lower.. and thinking that is "the better" and "more reasonable" strategy. 

You are going to especially need luck if you are playing around with BTC shorts, at these prices.