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Question: How would you classify yourself right now? (credit: VB1001)
Hodler - 107 (78.1%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21450961 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (135 posts by 29 users deleted.)
Last of the V8s
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June 15, 2017, 09:51:44 AM

Bitcoin to be banned in USA ... https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
http://www.zerohedge.com/news/2017-06-14/you-wont-believe-stupid-new-law-against-cash-and-bitcoin
... in certain circumstances
extra bullish
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European Central Bank
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June 15, 2017, 09:54:16 AM


so they want even more civil asset forfeiture even though that type of shit would be frowned upon in many a third world country? man, america really should give up claiming to be number one. they're a bunch of gangsters.
empowering
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June 15, 2017, 09:58:38 AM


Seeing as Congress is currently busy ripping themselves to shreds - I would be surprised if this bill gets anywhere - the majority of those retards are all caught up in fantasy land right now- playing out their little show to cover up their total and utter failures as politicians.
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June 15, 2017, 10:00:54 AM
Last edit: June 15, 2017, 10:35:43 AM by empowering

https://www.cryptocoinsnews.com/instant-bank-payments-will-end-bitcoin-binge-german-central-bank-chief/

^^ My fave story of the past 24 hours.

Made me smile.

(The guy is deluded if he thinks instant payments is all that is driving this market - sure its a factor - but personally I can make instant and free payments already (since 2010)  both within the UK as can most of Europe (non international) and then there is SEPA)

(Maybe the gentleman would care to remind us how many Euros are being created each and every month at the present moment by the ECB - and then tell us about risks and abuse to the system - €60,000,000,000 each month down from €80 billion - thats $67 billion dollars every month= so basically creating way over the Bitcoin market cap each and every month and thats just one CB- and all the while the economic irresponsibility continues - but sure thang Jens- its all about instant payments which we have already had across most of Europe for over half a decade.. ok then)
WhatsBitcoin
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June 15, 2017, 10:09:56 AM

 if instant transaction were driving the bitcoin market we would literally be eating a piece of shit out of the toilet
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June 15, 2017, 10:23:19 AM

So the maths happened.. parabolic has to complete its cycle before.. moving upward.. it will surely cross 3000 usd level but after completing this parabolic cycle... and it has to come down to anywhere between 1300 to 1500 usd level... which is 61.8% to 78.8% retracement of this parabolic move ... over 8 weeks.



If we imply the first doted line is the correct one, then the price will go up to 3000 dollars by 2020, without a bear claw, am I right?
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June 15, 2017, 11:10:38 AM

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...
xxxgoodgirls
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June 15, 2017, 11:10:57 AM

Please stop it.
empowering
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June 15, 2017, 11:12:25 AM

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...


 Cheesy Cheesy Cheesy Cheesy Cheesy

Good one
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June 15, 2017, 11:23:38 AM

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...


 Cheesy Cheesy Cheesy Cheesy Cheesy

Good one

Explain?

I see people pay out and we´ll see 1.5k I guess... and then we´ll hover there for a year...
N12
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June 15, 2017, 11:24:46 AM

Please stop it.
You can stop the pain by unloading your heavy bags. We need a bear market to purge this market of altcoin malinvestments and regain Bitcoin dominance by scaling with Segwit and Lightning.
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June 15, 2017, 11:26:51 AM

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...

If you're not into Bitcoin for ideological reasons, I would definitely sell because of the following reasons:

- Charts indicate BTC will very likely travel downwards to the 1500 range in the coming weeks/months/over a year from now ;
- There's no saying how long this will take, and whether BTC will veer back up to 3000 dollars in the longer run - given it is being overtaken by newer tech  ;
- Long positions are about to be demolished, turning the market in a shorting circus ;
- Bitcoin has tripled in value over the past few months, while a few altcoins have increased in value much more than Bitcoin (in the 1000's of percents!). Bitcoin's price increase was likely related to the altcoin market, not as much fundamentals.
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June 15, 2017, 11:38:41 AM


Amazing how this bill was issued the 25th of May (super bullish BTC) but zerohedge publishes and adevertises it today (super bearish feelings).

Someone wants our juicy BTC cheap and we should not allow it!  Angry
spiderbrain
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June 15, 2017, 11:43:31 AM

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...

If you've been holding for 5 years you probably need to diversify a little. Now is still a good time, we're up 200% in the last 6 months Smiley
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June 15, 2017, 11:49:57 AM


Amazing how this bill was issued the 25th of May (super bullish BTC) but zerohedge publishes and adevertises it today (super bearish feelings).

Someone wants our juicy BTC cheap and we should not allow it!  Angry

 proof-of-whales

https://twitter.com/VitalikButerin/status/875191811056193537

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June 15, 2017, 11:56:14 AM

Bubble has most probably popped. Get ready for a global crypto bear market.

Yeah so BIG bitcoin bubble



It's all about perspective Wink
How up to date is this thing?
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June 15, 2017, 11:57:54 AM

Nah its just the start of summer and vacation time. Seems many always sell some BTC for their trips etc. That's all it is lol  Grin

That and I felt a drop was over due. Lets get this over with and start to climb back to a more realistic and stable price. 2500 would be a good start.  Smiley

That congressional report seems kind of routine. Digital currency is always being analyzed in the big picture as a means of laundering amongst other things.....
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June 15, 2017, 11:58:59 AM

How up to date is this thing?

i assume it creamed silver quite some time ago. it has a little more work to get on top of the rest of them.
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One of the world's leading Bitcoin-powered casinos


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June 15, 2017, 12:08:23 PM

If we drop below $2000 I'm going to be pissed off at first, a lot. Then I'm going to see it as a buying opportunity & increase my stash by pumping some of my fiat savings into bitcoin.
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June 15, 2017, 12:24:06 PM

Hold or sell now? Was holding for 5 years but I feel we´ll go down and won´t see 2k for a long time? Just a feeling... I had it in my balls when the price was 2,9K I was so pumped to sell. I knew it will drop... Damn always the same mistake...


 Cheesy Cheesy Cheesy Cheesy Cheesy

Good one

Explain?

I see people pay out and we´ll see 1.5k I guess... and then we´ll hover there for a year...


After 8 weeks straight up , in a near parabolic move, of course you knew it would drop- nothing goes up in a straight line - pullbacks, consolidation, corrections, profit taking,  returns to the 61.8 fib line --- are all to be expected.... after 5 years you know this right?  

What do you suppose your investment will look like in March 2018?

There is a lot of money that is going to be looking for a home in Cryptocurrency - that money cannot enter the market all at once without pushing the price up - the money entering the markets will come in ebbs and flows with profits being taken and then further pumps.

Sure sell now- if you want to do something with the money or if you feel BTC is ded.... otherwise in my humble opinion you risk ending up selling now and buying back in at $3000 in a month’s time or 6 months time.


First they hunt the shorts, then the longs, then they will pump it up to the next level - thereby cutting many players out of the market forever, the ratchet like movements as you may have noticed are rapid and violent when they occur in either direction ... I predict that they will become increasingly more so as more money enters the system during this stage of Cryptocurrencys growth..

Within 1-2 years the market in my opinion will be worth 1 trillion (x 10 what it is today)  BTC will get a lion’s share , within 1 - 2 years I see BTC having a market cap of around 200 billion


All that money entering these thin markets is going to cause a lot of chop - and they are still thin markets in the grand scheme of things...  look what a few tens of billions has done to the marketcaps in the past few months...

Dont get me wrong, I can see $1500 - even $1300 , even $980  any lower than that and they really will cause panic.

But also kinda looks like any other day in Cryptoland in the past 5 years... this pullback is no more surprising than the rapid climb to $3000 (seems like a good place for a breather)


If you want to spend some money then sell bro.


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