Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
He's a fairly well known guy in the bitcoin twittersphere. I think he's basically a bitcoin maximalist. He's just been a little overbearing in his pain forecasts.
What about if the r0ach hypothesis of the market is accurate, then is it bearish? That a single entity on Bitfinex has controlled the price all the way from $200 to $20,000 and I'm leaning towards the identity of that entity being Bitmain. If the identity of this entity was Bitmain and Bitmain implodes, bankrupts, or has no money to pump it anymore, then how is bitcoin going to be artificially manipulated to a bazillion dollars each with no Bitmain to rig it there?
Stop trying to claim credit for a theory that is shared by a lot of other reddit nutjobs. The bitfinex manipulation theory. Can read a thousand versions of such theory on reddit with such minor variations that they all boil down to nearly the same thing, which, in essence, is pie in the sky making up shit.
JayJuanGee, are you retarded? I am the originator of this theory. People like that guy named "Bitfinexed" came WAY after me. It's even posted on a damn blockchain. Do you see the date? It says "3 years ago". That's how you can tell I was correct, because so many people came after me all with similar conclusions:
https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened
And a followup post to that one where you can see the insanely scammy bid and sell sides on Bitfinex after it came back up from the supposed "hack". You can EASILY tell the price there is controlled by a single entity in the screenshot on this post and that entity likely has connections to the people running the exchange because nobody else would store money there after their fake hack:
https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-3-bitfinex-scamming-intensifies-and-more-on-the-silver-and-gold-markets