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

[noobtrader]

...

I still remember doge people bragging when Doge reached the 3th greater marketplace, in the time when Litecoin was strong.

Then there was the big dump

Filter non mineable and it still is No. 3

maidsafe would be mineable in the future...  but yes the price could drop  then

[1714757968]

1714757968

[BitThink]

sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.

So current price is determined by the price of 2 to 3 years ago?

[Omikifuse]

sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.

So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago

[ImI]

sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.

So current price is determined by the price of 2 to 3 years ago?

yes. not determined but influenced.

[bad trader]

sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.

So current price is determined by the price of 2 to 3 years ago?

All i'm saying is traders draw these lines on their charts and make trading decisions based on them. And those trading decisions do have a considerable effect on the market, but I think ultimately other factors determine where the prices go.

[BitThink]

sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.

So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago

To me 2,3 years to bitcoin is like 10 years, and the price of 2 to 3 years ago ($1 to $10) cannot have any influence to current price. Therefore, to draw a such line in such a scale is meaningless. This is not TA in my understanding.

[NotLambchop]

Oy vey! 

[JorgeStolfi]

Time Magazine now accepts dollars even from bitcoiners who decide to sell their bitcoin:
https://www.coindesk.com/time-inc-becomes-first-major-magazine-publisher-accept-bitcoin/

Will it have the same effect on price as the Microsoft news? 

[ImI]

sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.

So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago

To me 2,3 years to bitcoin is like 10 years, and the price of 2 to 3 years ago ($1 to $10) cannot have any influence to current price. Therefore, to draw a such line in such a scale is meaningless. This is not TA in my understanding.

if that line get broken? better watch out. in no way "meaningless".

[ChartBuddy]

Explanation

[janos666]

It's getting a little boring how Zombi Bitstam and Fake China alternates between leading the dumps while BTC-E looks like a Rigged Futures market.

[BitThink]

sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)

It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.



It's how markets work.

So current price is determined by the price of 2 to 3 years ago?

Since some people from 2 or 3 years ago are still around, I think it have some influence.

Also the TA people use the same technique, so it in certain sense influence them too, even if they are not here since 2 or 3 years ago

To me 2,3 years to bitcoin is like 10 years, and the price of 2 to 3 years ago ($1 to $10) cannot have any influence to current price. Therefore, to draw a such line in such a scale is meaningless. This is not TA in my understanding.

if that line get broken? better watch out. in no way "meaningless".

I'd rather to look at lines drawn based on these two years prices.

[aminorex]

What does monkey say over the next few months for BTC?

Monkey sees no hope until February.  On a weekly chart he is short.

[macsga]

What about “the news”?

When this market finally bottoms, likely in less than a week from this writing, there will undoubtedly be some big news item on that day.  Less educated traders and pundits will be shouting from the rooftops that the markets turned because of that news.  But it won’t be because of the news.  Markets don’t turn because of the news.  The biggest news of the year was the Microsoft announcement they will start accepting Bitcoin for their applications.  But the markets did not turn up on the bullish news.  The Microsoft news mattered little because the charts, market geometry, dictated that it was not yet time for the bear market to end.  That time is almost here.  But not just yet.

https://www.cryptocoinsnews.com/bitcoin-price-continues-fall/


CCMF.

[Nicholas-Carraway]

http://www.theepochtimes.com/n3/1142634-leaked-emails-show-chinese-regime-employs-500000-internet-trolls/

[jl2012]

The worst currency today is not Bitcoin. It's Ruble. It's down 10% today even after raising interest for 6.5%

http://finance.yahoo.com/q?s=RUBUSD=X

[ShroomsKit]

http://www.theepochtimes.com/n3/1142634-leaked-emails-show-chinese-regime-employs-500000-internet-trolls/

50 cents for every post. Riiiight. We can conclude the article is bs.

[NotLambchop]

The worst currency today is not Bitcoin. It's Ruble. It's down 10% today even after raising interest for 6.5%

http://finance.yahoo.com/q?s=RUBUSD=X

Congrats on being the second worst thing ever.

[bad trader]

The worst currency today is not Bitcoin. It's Ruble. It's down 10% today even after raising interest for 6.5%

http://finance.yahoo.com/q?s=RUBUSD=X

Congrats on being the second worst thing ever.

So how much can Putin afford to pay you per post?

[aminorex]

The worst currency today is not Bitcoin. It's Ruble. It's down 10% today even after raising interest for 6.5%

http://finance.yahoo.com/q?s=RUBUSD=X

Indeed.  I like this quote from Bloomberg:

"The biggest causes for worry, bigger than a recession in Russia or the oil-price plunge: the slowdown in China, which has already upended commodity prices, and the likelihood U.S. growth will propel the dollar higher and suck ass..."