Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
So Bitcoin Core has a devastating bug in the code since March 2017 
Also, it appears that every single shitcoin that forked off of Bitcoin core 14.0-16.3 is also going to have to patch things up. We really dodged a bullet here. Hope no other surprises are lurking in the code. 
Also, it appears that every single shitcoin that forked off of Bitcoin core 14.0-16.3 is also going to have to patch things up. We really dodged a bullet here. Hope no other surprises are lurking in the code. Seems a bit ironic that we get some fairly strong negative news about fundamental weakness in bitcoin (sloppy coding), and dodging a bullet, as you put it, bones, and then subsequent to that we get a $200 plus pump. Hopefully, this is not a bull trap, but surely I can understand forcing the closing of some shorts, and also just a whole bitcoin market dynamic in which bitcoin can go through extended periods of doing the opposite of what seems logical.
This market is completely detached from reality we are firmly in Fake News territory now.
That is NOT the conclusion that I would reach from that data... bitcoin seems to be as real as you can get in terms of sound money and in terms of difficulties that some of the BIGGER players in the traditional financial circles are having to wish that it could be uninvented.
My understanding is thatBTC price gets pushed in whatever direction the whales perceives is least resistance, and frequently, actual news events are not going to make much of a difference in terms of correlating outcomes, at least not in the short term, except perhaps creating incentives for whales to push the opposite of what is expected.
So, people come to believe the situation is bearish and they place a lot of shorts on the books, then one or more whales come in and force those shorts to close by pushing the price in the opposite direction that the majority of margin positions (in this case shorts) was expecting. That is not fake news, but it is a combination of market momentum and some strategic placement of capital by whales in order that they can push the market in their opportunistic preferred direction (at least in the short term), and surely these manipulators are NOT always successful.. .. and sometimes they just completely lose control of the market (e.g. BTC's price direction).
So regular folks (including myself and likely you) should just be prepared for BTC price movements in either direction, and sure they would like to make you and me and other regular folks to become jaded, but if you been in bitcoin long enough, you already have a decent sense that whales can manipulate within certain limited channels and ONLY for certain periods of time, but also from time to time they are also going to lose control of the situation (at least temporarily, which can last for many months), and in these cases, with Bitcoin, the price is very likely to go up and making it more costly for the whales to get back into some kind of short term semblance of control, so many of us non-jaded folks (who have sufficiently studied the space and understand what is going on with BTC fundamentals being strong) are going to profit from our hands NOT being shook by the short term playing around of whales.
The situation is not fake news. It's real.