All posts made by Genesis1337 in Bitcointalk.org's Wall Observer thread
1.
Post 17488545 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
2.
Post 17667483 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
Looks like the US is heading towards a constitutional crisis at best and armed clashes between civilians at worst. Question remains how BTC would react in such a scenario? It's not a given that prices would rise imo.
Well, since a lot of ppl see bitcoin as a gold 2.0, it would skyrocket during a hyperinlflation event after the fed tries to decrease the national debt. not sure what you mean by constitutional crisis, so idk. but the way i see it playing out is Janet Yellen trying to make Trump administration look bad by mathematically creating another crash then hyperinflation similar to 2008, but on a larger scale.
3.
Post 17690943 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
So how long until PBOC tries to squash this rally too?
I don't really think that the Chinese squashed the last rally.
O.k. sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.
BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)
4.
Post 17691008 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
So how long until PBOC tries to squash this rally too?
I don't really think that the Chinese squashed the last rally.
O.k. sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.
BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)
once upon a time.
bitcoin was on fire, 15 daily greens in a row.
then on the 16th day, it looked toppy.
some one cried out " IT'S GONNA BE A RED DAY!!!!!!!!!! "
it turned slightly red.
everyone panicked.
this is based on a true story.
lul ( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)
5.
Post 17691021 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
So how long until PBOC tries to squash this rally too?
I don't really think that the Chinese squashed the last rally.
O.k. sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.
BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)
Bullshit, BTC dropped after they reached the target of 8888 CNY, I watched it. This was all prior to any news FUD. Go read a chart or something
>go read a chart or something
yea ok, thanks for opening my eyes. maybe btc will return to it's true value of $0.00! xD
6.
Post 17691136 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
So how long until PBOC tries to squash this rally too?
I don't really think that the Chinese squashed the last rally.
O.k. sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.
BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)
Bullshit, BTC dropped after they reached the target of 8888 CNY, I watched it. This was all prior to any news FUD. Go read a chart or something
>go read a chart or something
yea ok, thanks for opening my eyes. maybe btc will return to it's true value of $0.00! xD
They never made any announcement saying they were investigating any exchange, you will notice the only "news" agency reporting such were Bitcoin affiliated sites.
http://shanghai.pbc.gov.cn/fzhshanghai/113571/3230012/index.html"Urged the platform in accordance with relevant laws and regulations to carry out
self-examination and the corresponding clean-up and rectification."
OK so? if u still believe the correction came because "muuh 8888CNY technical analysis" then you're delusional
7.
Post 17691167 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
>charts
not even once
8.
Post 17691327 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.02h):
9.
Post 17697603 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
does anyone think FOMC meeting today will affect the bitcoin price after decision?
if i recall, every time federal reserve keeps the federal funds rate the same, hold will shoot up, and US dollar index will go down. As The Fed continues to prop up our fake economy with artificial interest rates and skewed inflation, and bitcoin seems like gold 2.0, wouldn't it make sense for btc to price to shoot up after meeting?
https://www.youtube.com/watch?v=Ga3maNZ0x0w im gonna watch it live here to see what happens, but i predict Federal Reserve will keep its main rate on hold at 0.50-0.75%.
CME group shows probability at 96% of the federal funds rate staying the same, so it could already be priced in.
10.
Post 17698604 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
does anyone think FOMC meeting today will affect the bitcoin price after decision?
if i recall, every time federal reserve keeps the federal funds rate the same, hold will shoot up, and US dollar index will go down. As The Fed continues to prop up our fake economy with artificial interest rates and skewed inflation, and bitcoin seems like gold 2.0, wouldn't it make sense for btc to price to shoot up after meeting?
https://www.youtube.com/watch?v=Ga3maNZ0x0w im gonna watch it live here to see what happens, but i predict Federal Reserve will keep its main rate on hold at 0.50-0.75%.
CME group shows probability at 96% of the federal funds rate staying the same, so it could already be priced in.
As long as the Fed keeps rates unchanged, the fake stock market will continue to hit new highs despite all the negative/falling economic indicators to the contrary. Once they begin to raise rates, the house of cards in the market will start to crumble.
It really is like 2008 all over again.
u think this will be worse than 2008?
11.
Post 17699991 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
some days before only by feeling (that can be wrong sometimes we all know
) i wrote that it will go up and the trend will be up....
but does anybody can tell us why is going up steady ? is there a good reason or just because is the Bitcoin we all know >
because as people begin to realize fiat currencies controlled by central banks contantly depciate in value, they look a currency that is decentralized and not controlled by any central entity. so the market cap will just keep rising as people keep waking up. going towards the true value of $800,000 per bitcoin!! xD
12.
Post 17700942 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
Gona hit 1000 USD today, thats my prediction
( ͡° ͜ʖ ͡°) four digits ( ͡° ͜ʖ ͡°)
13.
Post 17746811 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
People are finally opening their eyes to bitcoin!!!
How can the governments around the world crush this rally?
14.
Post 17775404 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
yoooo, that drop was crazy!!! any news out?
15.
Post 17775529 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
wow, just because of that article? the chinese are crazy man, thanks for link
16.
Post 17793187 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
Guy's at PBOC wanna earn some money for themselves, worked out every time
yep, seems like their short position has been working out pretty well
17.
Post 17834003 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
Yeah, blame it on a news story that is not on the PBOC's website. Instead of the TA that has been placed before you repeatedly.
It's not over yet..
and I told you so.
lmaooo TA does not work man. that assumes that people are insider trading
18.
Post 17834463 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
roll on 800s!!
$800 because of this? i doubt it, but i guess we will see.
Update: Yunbi increased bitcoin trading fee to 0.2%; CHBTC suspended ETH & ETC withdraw, same policy as BTC & LTC now
https://twitter.com/cnLedger/status/831059294522990592Update#2: HaoBTC announced will remove its exchange functions. The main services (mining and online wallet) remain unaffected
https://twitter.com/cnLedger/status/831066928319848448
19.
Post 17834621 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
Not up on this, but does HaoBTC and/or others have 'satellites' outside of China proper? (or plan to do so?) thus just all exchanges getting the heck out of China proper
will be the end result of all these heavy handed (imho) actions of Chinese authorities?
ASSUMING above is true. CAN the masses in China move Yuan still in some manner outside of the country, with the exchanges located outside, in a large manner to support
BTC yet? or will the great 'firewall' of china hold on such actions with BTC exchanges outside of China?
(or who the heck knows?)
well I wanted cheap coin to get back to 100 btc on my hoard again. Seems it has come to pass. (conflicted...always conflicted....want one thing cheap coins, then I get
cheap coins...then freak and want price to go up for BTC and vice versa...sheesh)
wow, thanks for insight! makes sense
20.
Post 17834753 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
lol ^ i hope to find the answers soon
21.
Post 17880864 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
IMHO the real question after all the PBOC/China drama how many "real" coins are on those exchanges?
The timing can't be better:
1. First fake volumes (no idea how many coins they handled)
2. Fees got introduced (volume drop by 90%)
3. Withdrawal stops (sorry guys we have been faking our books but we can't fake the blockchain, we don't really have your coins)
4. Use your imagination
4. Bitcoin becomes world reserve currency
22.
Post 17918267 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
Not sure if anyone can answer this question, but can you make the analogy of chinese accessing facebook and twitter using VPN, being similar to Chinese using foreign exchanges to buy btc. or is it too complicated to get yuan into btc with offshore kyc exchanges (like or coinbase and kraken)? or a peer to peer exchange like paxful or local bitcoins?
if anyone is able to answer this long question, thanks in advance
23.
Post 17921338 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.03h):
The slower the price goes up now, the more the price will go up in the future.
You guys will be in for a ride
i am stepping onto the rocket right now, where are we headed?
24.
Post 17930767 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.04h):
Is it possible that we go to Mars? Or are we going to stay on the moon for now?
25.
Post 18003416 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.04h):
$1200 should not be a hard resistance to break through for btc
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Post 18071707 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.04h):
is there any way we can user activate women out of cryptocurrency? that would be nice lol
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Post 18109006 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.05h):
28.
Post 18162484 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.05h):
without considering manipulation
this rise indicate 1 of 2 things
1) all the money on the sidelines waiting for an ETF approval, is pilling in because... "well i'm not going to send the money back to my bank account, plus looks like cheap coins to me!"
2) Trump has entered into a BTC bidding war with India and Japan <- ( magical unicorn )
ok that first one is crazy, dayum
29.
Post 18252268 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.06h):
we are the majority deal with it
segwit? we should just do UASF
30.
Post 18512765 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.08h):
So what's the deal with the Chinese exchanges? Have they allowed btc withdrawals yet?
Yes
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Post 18661385 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.08h):
32.
Post 19585235 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.12h):
Anti bitcoiners
You have no argument
Banks change value of dollar, Oh the fiat is broken
Bitcoin consensus changes code, Oh bitcoin is broken
Gold can be manipulated, Oh gold is broken
etc, etc, etc
So i suppose the point is
Pick the BEST scam possible
Your arguments are causing global warming..., please stop!
HA! made myself laugh
https://youtu.be/0akBdQa55b4It's too complicated
It doesn't have the right governance structure2
The security is too hard to get right
Existing and upcoming fiat payment systems are or will be superior
It's too volatile
The government will ban it
It won't scale
do i win a cookie, is bitcoin dead now??!?!
https://99bitcoins.com/bitcoinobituariesadding my arguments to the list, RIP bitcoin!
33.
Post 19787452 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.13h):
day traders disgust me, btc was supposed to only go up, why this happen?
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Post 19788345 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.13h):
35.
Post 20210471 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.14h):
So, can someone explain the blue shading and black lines under the graph on here
https://www.xbt.eu/I am not sure for the rest, but the first bar (BIP91 LOCK-IN) I believe the black bar represent the 269 out of 336 blocks (80%).
For the one below, the black bar represents current signalling for BIP91.
Not sure about the rest of it though.
36.
Post 20215359 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.14h):
what does peter todd mean by this?
it appears the market wants segwit, guessing ATH within hours if BIP91 locks in segwit
37.
Post 22938376 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.23h):
$5k psychological resistance is demolished like a cheap rice paper house in a firestorm .... now new upside targets?
I'm recalling $6800-$7200 region was important for some reason back when the climb began, doublings from $300 and all that stuff.
$9588 is masterluc's original 'top' call before he started throwing out numbers like $19k and $90k more recently (but unsure if they are for the next bull run or this one or THE final run).
$10,000 obviously will be an attractor because ... humans ... numbers with lots of zeros and zeros on the right hand side hold special fascination for humans, maybe because zeros look like boobies, who really knows?
Whatever the number I'm picking it will be achieved in a short time frame ... train is in off the rails territory now.
I have set to see a convincing argument for what shape the fabled S-curve adoption will finally take, my best guess at the moment is a sequence of insane rapid vertical moves and violent pullbacks making up a kind of steep-stairway-to-heaven formation up the vertical part of the S-curve, with not much time between climbs and only short correction phases ... but who the hell knows how it plays out from here, its up to the psychology of the monied masses and infowars that are being waged upon them by their ever more nervous handlers. Hi Jamie you criminal bastard, btc is going to rip you a free one.
See you at $9999
38.
Post 23950507 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.25h):
wave 5 complete
Fine. Can we have our 3 wave correction now
JUST SO YOU'LL SHUT UP ABOUT WAVE 5 ALREADY FOR FUCK SAKES ?!???The article above claims that there have been about 5 or so hype cycles. Would you agree that just before the UASF hard fork, that correction was a part of another short term Bubble / Gartner Hype Cycle? I am very intrigued how the S-Curve of Technological adoption cause larger and bigger short term bubble on the way up. If we went back to $60 billion market cap for bitcoin with next month as a part of correction, then do we go to $200 billion next? Then $450 billion after that correction?
39.
Post 24936554 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.28h):
So let's say hypothetically @Bitfinex'ed is right about Bitfinex not having $600 million in Taiwanese banks, and the USDT are not redeemable. If USDT automatically becomes worthless, what would happen to the USDT trading pair? If everyone just lost their USDT is it possible that the price of bitcoin stays unaffected unless there is some sort of panic?
40.
Post 26626570 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.33h):
Well it looks like the bears have finally won...
Time to go back into fiat currencies
41.
Post 29285114 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.40h):
Pop quiz: Convince an average low/middle class fiat-loving law-abiding person who doesnt believe in a failing or fraudlent banking system that they should use bitcoin, without talking about its price or making profit by trading it. Present what benefits they will reap by using bitcoin as opposed to banks, VISA, google pay, venmo, etc. Anything besides trading profits?
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
42.
Post 33489584 (copy this link) (by Genesis1337) (scraped on 2020-04-04_Sat_15.50h):
How did he get to the OKEx offices so fast?!
