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

[JayJuanGee]

  A year ago, Bitcoin's M1 ranking was close to 100, and recently, in the $1800 price territory, Bitcoin's M1 ranking is around 59.  Maybe going to be in the top 50 M1 rankings, soon.

where you take the rank ?

I know about coinometrics but it is broken now....

I was using the zero block app on the Iphone.  It lists the M1 rank, but probably the information provided by Meur6879  is a bit more accurate.  - https://bitcointalk.org/index.php?topic=178336.msg19017005#msg19017005

[1713524373]

1713524373

[1713524373]

1713524373

[1713524373]

1713524373

[1713524373]

1713524373

[1713524373]

1713524373

[Ted E. Bare]

Here we go, everyone buying again.

[bitserve]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

Also, if they buy and they lose money they will always have some internal resentment about you, while if they profit... maybe they will have some resentment for not telling them sooner. It's an always losing game.

On other note, I like this sideways action before the $2000 attempt (which should be done in weekdays).

[Elwar]

Been off the 'net a few days. Pulled up bitcoinity thinking $1600? $1400? Then I see $1788 and think all is right with the world.

I also found out that in Tahiti, today is yesterday. Had to book a room in a hostel for a night. No Internet. No A/C. Extra day though 😃

[Ibian]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

Also, if they buy and they lose money they will always have some internal resentment about you, while if they profit... maybe they will have some resentment for not telling them sooner. It's an always losing game.

On other note, I like this sideways action before the $2000 attempt (which should be done in weekdays).

I see the point and it does have some merit, but I'm gonna have to disagree.

Tell everyone. People who are worth a damn won't be mad at you for telling them about something they didn't know before, regardless of personal outcome. And everyone else can go eat a dick.

[bitserve]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

Also, if they buy and they lose money they will always have some internal resentment about you, while if they profit... maybe they will have some resentment for not telling them sooner. It's an always losing game.

On other note, I like this sideways action before the $2000 attempt (which should be done in weekdays).

I see the point and it does have some merit, but I'm gonna have to disagree.

Tell everyone. People who are worth a damn won't be mad at you for telling them about something they didn't know before, regardless of personal outcome. And everyone else can go eat a dick.

I tell them about the technology behind. I don't encourage or discourage them to buy in significative quantities ("invest").... And I explicitly discourage them to "trade", even if I do.

People that are not highly into "tech", I don't say anything... unless someone, for some reason, asks me about it. But again, I never tell them to buy or not to buy even if they ask for advice on what to do.

[Elwar]

I have only told friends and family twice that they should buy. Once in 2010 when the price was $17 and in 2015 when the price dropped to $220.

They ignored me in 2010. One sister bought 1 bitcoin at 220.

She kept spending half of it on trips every time it doubled. She liked how she could spend half and still keep her original investment.

I don't recommend buying bitcoin to anyone but those I care about. For everyone else, if they don't get it they can die off with the rest of the sheep.

[BTCtrader71]

far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.

Also, if they buy and they lose money they will always have some internal resentment about you, while if they profit... maybe they will have some resentment for not telling them sooner. It's an always losing game.

On other note, I like this sideways action before the $2000 attempt (which should be done in weekdays).

I see the point and it does have some merit, but I'm gonna have to disagree.

Tell everyone. People who are worth a damn won't be mad at you for telling them about something they didn't know before, regardless of personal outcome. And everyone else can go eat a dick.

I tell them about the technology behind. I don't encourage or discourage them to buy in significative quantities ("invest").... And I explicitly discourage them to "trade", even if I do.

People that are not highly into "tech", I don't say anything... unless someone, for some reason, asks me about it. But again, I never tell them to buy or not to buy even if they ask for advice on what to do.

I've starting telling those who ask for advice that they should not invest unless they are prepared to hodl all the way to zero and lose it all if necessary, otherwise they'll panic sell when the inevitable crash occurs.

[Karpeles]

Price is waiting the new ETF SEC be decided so it can continue it normal trajectory, hopefully towards the moon.

Also no need to tell what the result in price will be if, against all odds, the SEC gets approved.

It is time to hodl, because we are between the return of a bull market and the space ride outside the solar system

[kurious]

True, but the particular way that it's volatile may scare a lot of weak hands and institutional investors who are used to more stable growth. 

You are telling me things that I have known for years. I don't really care about people led by emotions such as the two types listed by you.

Bitcoin volatility is kind of a self-fulfilling prophecy - people get scared of the volatility which makes them panic sell/buy, making it more volatile.

I can agree with this.

Low?  It's only low compared to alts - compared to stocks, currencies, PMs, commodities.... it doesn't look it!

You do realize that it recently, albeit briefly, had a lower volatility than the Euro? Anything sub 5% in the historic volatility (as per that website) is great. Furthermore, Bitcoin seems to be on the track to reach standard currency volatility.

So BTC doubling in months is less volatility than the Euro?  The metrics you are using for however you calculate this are risible, sorry but this makes no sense to me, does that make me stupid?

Pull the other one

[Paashaas]

Central banker Vitalik has made 1 huge mistake; he didn't used Bitcoins security for his Smart Contracts.

RSK will do a much btter job 

All Altcoins will be replaced by sidechains.

[deepcolderwallet]

Central banker Vitalik has made 1 huge mistake; he didn't used Bitcoins security for his Smart Contracts.

RSK will do a much btter job 

All Altcoins will be replaced by sidechains.

Link to this tweet?

[Heater]

Central banker Vitalik has made 1 huge mistake; he didn't used Bitcoins security for his Smart Contracts.

RSK will do a much btter job 

All Altcoins will be replaced by sidechains.

Link to this tweet?

https://twitter.com/RSKsmart/status/863418813097881600
which leads to http://www.rsk.co/

[deepcolderwallet]

https://twitter.com/RSKsmart/status/863418813097881600
which leads to http://www.rsk.co/

Thank you! 

[Nagadota]

Price is waiting the new ETF SEC be decided so it can continue it normal trajectory, hopefully towards the moon.

There's zero chance of that.  The SEC has made their choice and outlined their reasons for it (fraud protection, "penny stock", etc).

I hope no one else has got their hopes up about that, because if they did it would cause at least a slight dip when it's rejected again.

[BlackFlag]

Price is waiting the new ETF SEC be decided so it can continue it normal trajectory, hopefully towards the moon.

There's zero chance of that.  The SEC has made their choice and outlined their reasons for it (fraud protection, "penny stock", etc).

I hope no one else has got their hopes up about that, because if they did it would cause at least a slight dip when it's rejected again.

when will it be announced?

[craked5]

Price is waiting the new ETF SEC be decided so it can continue it normal trajectory, hopefully towards the moon.

There's zero chance of that.  The SEC has made their choice and outlined their reasons for it (fraud protection, "penny stock", etc).

I hope no one else has got their hopes up about that, because if they did it would cause at least a slight dip when it's rejected again.

No way it get accepted we agree.
But you know if everyone is thinking the same as you... Well chances are that it will cause an up mementum in fact ^^

So you never know with btc...

[Oblodo]

Fun while it was going up. Now we are going to see a correction.. back to 3 digits.

[steelboy]

Fun while it was going up. Now we are going to see a correction.. back to 3 digits.

Care to make a wager on that?

[JayJuanGee]

Fun while it was going up. Now we are going to see a correction.. back to 3 digits.

Care to make a wager on that?

The odds of getting to 3 digits are not too favorable.

gotta get past support in the lower $1,600s and then support in the lower $1,500s and then support in the $1,200 to $1,300 range and then finally support in the supra $1,000 arena.

So, yeah, it is not impossible to get to 3 digits, but it is NO WAY near any kind of given to get below those various support areas - especially when recently we seem to have been experiencing some increasing trade volume with a seemingly considerable amount of ongoing buying pressures - even at these high... really ATH prices.

I continue to be amazed by this.