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

[NotLambchop]

I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.

So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.

Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

No amount of USD can take down bitcoin to 0. You need bitcoins for that.

Good point.
As long as you and one  other permabull think BTC is worth something & have a couple of $$ and two laptops between the two of you, the price is whatever the two of you decide it is

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[NotLambchop]

Your 'milestones' thread

Hasn't been updated in a while because the data came from a hand-updated spreadsheet and I haven't gotten around to updating it.

Save you some work:  No need for any updates

[derpinheimer]

an inside source has told me that the coming week is going to be big

Really? And who are you exactly?

[CoinThinker]

I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.

So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.

Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

No amount of USD can take down bitcoin to 0. You need bitcoins for that.

Yes, that's true.... but take into consideration that there are mining costs involved, so pushing the price below them (very much looks that this has started now, and nobody is willing to put his money on the table to reverse the trend), will mean that mining operation will shut down... maybe not all, but probably enough to make Bitcoin super slow, super useless. And that will make it worth 0.

[justusranvier]

Save you some work:  No need for any updates

It's more important right now to work on making fractional BTC reserves on exchanges impossible.

After that's done, then we'll see about milestones.

[cbeast]

I am starting to be absolutely POSITIVE that some people in this forum, especially in this thread, are government (and/or bank employees). They manipulate this thread, calling the crash "cheap coins", and so on, when they know exactly that NO MARKET CAN RAISE indefinitely.

So every crash, might be the last one. Every crash might be the end of the bitcoin, and the proof for this is that all of you see that after EVERY drop, price is raising back HARDER and HARDER (usually to a smaller value than it was before the crash started). Speculators, who are buying coins and then they sell immediately expecting a few dollars margin, are happy with this situation; governments and banks are very happy also, but people who see (or who have seen) Bitcoin as a new "era" or a long term investment will be totally screwed.

Another proof: remember how actively governments were fighting Bitcoin? Now they don't. You know why? Because they realized that it's absolutely no danger in it for their systems. They could bring down the price to absolute 0 with a few million of USD (or less) ANYTIME they want. Walls or no walls, people are already not buying Bitcoins, because it become clear for everybody that one of the crashes will not be followed by a next bubble: and then it's over.

If the price will not start to raise, and I mean REALLY raise, and REALLY soon, then it's game over. Just think about that.

No amount of USD can take down bitcoin to 0. You need bitcoins for that.

Yes, that's true.... but take into consideration that there are mining costs involved, so pushing the price below them (very much looks that this has started now, and nobody is willing to put his money on the table to reverse the trend), will mean that mining operation will shut down... maybe not all, but probably enough to make Bitcoin super slow, super useless. And that will make it worth 0.

They turn off the miners and use the electric bill money to buy instead. They're in the Bitcoin business, mining is just a tool. That pressure will keep the price up.

[Schickeria]

cryptos are my full time job, I want BTC only UP UP UP.

Your living expenses are most likely pegged to fiat, so for the time being try to get an income that is also pegged to fiat.

That way when the price goes lower it just means you accumulate more bitcoins and add to your savings.

If the price goes up, then your savings have more purchasing power although you're adding to them more slowly.

Then you fundamentally don't care which way the price moves.

This is what I will do but it destroys my biz plans (people are not interested to buy when it falls despite my efforts to convince them for the opposite. Only 5% from my customers buy in the recent bear market, the others wait for clear bull signals..)

What kind of business is that? Just curious. Only off-exchange trade or something more/other?

[seleme]

an inside source has told me that the coming week is going to be big

Really? And who are you exactly?

He claimed once many moons ago that his group is going to crash bitcoin's price. Can't recall what was the outcome of that.

[inca]

an inside source has told me that the coming week is going to be big

Really? And who are you exactly?

He claimed once many moons ago that his group is going to crash bitcoin's price. Can't recall what was the outcome of that.

Now everyone claims the bitcoin price is going to crash. Yawn. ;0

[ChartBuddy]

Explanation

[NotLambchop]

Save you some work:  No need for any updates

It's more important right now to work on making fractional BTC reserves on exchanges impossible.

After that's done, then we'll see about milestones.

[seleme]

an inside source has told me that the coming week is going to be big

Really? And who are you exactly?

He claimed once many moons ago that his group is going to crash bitcoin's price. Can't recall what was the outcome of that.

Now everyone claims the bitcoin price is going to crash. Yawn. ;0

Well, back then not many did, we were high. But I can't recall if it happened though.

[findftp]

you have to remember that there is more than 13 million Bitcoin in circulation

Well, most of those 13 million coins are locked up in cold storage. Roughly half of them are probably unavailable, since their owners no longer have access to the private keys. The amount of coins actually circulating on the exchanges or in the "greater Bitcoin economy" is somewhere in the tens of thousands, isn't it? Or maybe only in the thousands?

There are 500,000 to 1,000,000 coins being sent every day across the blockchain according www.bitcoinwatch.com, coins on the exchanges being traded are not in this number.

[abercrombie]

People jumping off the train...  

[exocytosis]

I see a lot of desperate permabulls and cultists trying to lure newbies into their crumbling pyramid scheme.
This signals a great fall in confidence (and thus price), so I think we're likely to see sub 350 in less than two days. Then 300 will come rapidly, and the process will only accelerate from there.
I'm expecting the cultists to become progressively more aggressive with every dollar mercilessly chipped away from the price.

[prof7bit]

I can see $300 now very clearly (in my proprietary crystal ball whose exact inner workings I will not disclose).

Its even showing some subtle hints of $100 but these are still behind clouds and shadows and behind the mighty $266 barrier, maybe only meant as some kind of warning about possible futures. But the $300 is very bright and clear!

[MahaRamana]

I see a lot of desperate permabulls and cultists trying to lure newbies into their crumbling pyramid scheme.

Where ?

[prophetx]

an inside source has told me that the coming week is going to be big

Really? And who are you exactly?

He claimed once many moons ago that his group is going to crash bitcoin's price. Can't recall what was the outcome of that.

Now everyone claims the bitcoin price is going to crash. Yawn. ;0

Well, back then not many did, we were high. But I can't recall if it happened though.

he is a bull btw jesus xrist you paranoid freaks lol

[exocytosis]

I see a lot of desperate permabulls and cultists trying to lure newbies into their crumbling pyramid scheme.

Where ?

There are some in this very thread. Scroll upwards and look at previous pages.

But to be fair, the writings of cultists and permabulls are entertaining. Especially in a bear market. So I appreciate their input. I truly do.

[fonzie]

Small hint: Bids in the 380$+ area won´t last forever , take em out before another one does.