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

[JayJuanGee]

[edited out]

5% to going over 3k this weekend.

I was truthfully saying this to wind you up a bit. I only said it as I remember saying 5% last weekend to you.

Never mind, the moment has passed.

ah ha!!!

maybe your standard harassing answer could be to suggest everything that I suggest has less than a 5% chance of occurring?

And with the passage of time, either you will be labelled as overly pessimistic, or I will be labelled as incredible.. hahahaha

Back to my real opinion.....I can't back this up and it's only a feeling but I think a bit more up and a lot more down followed by more up then down but mainly sideways........AND THEN 3k mid July. That's not too crazy a prediction is it?

You could be right, and if you are then you are suggesting down and sideways before up, but not without some battleing.

I agree with the battling portion, especially because the trade volume seems to be continuing at a fairly decently high level - but I am a little more inclined for up and an earlier test of $3k, which may end up failing if we are not quite ready for going above it, yet, as you seem to be suggesting.

[1614850553]

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[1614850553]

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[sosasnois]

If we don't see any upside before june 28th and we break below 2650, I'm switching my sentiment to bearish

[marcus_of_augustus]

It looks to me like bitcoin price is being held down here however the mathematics of adoption waves are inexorable. They may be able to discourage some speculative activity and adoption by traders using simple price manipulation, FUD, pumping altcoins, etc but real world uses for bitcoin are multiplying as rapidly as ever, that's simply the network effect at work.

They can slow it but they cannot stop this train so sideways it is then until the brakes come off again. Looking forward to the future breakout action and the much needed base building here.

[N12]

Watch closely. This is how death begins.

[marcus_of_augustus]

Watch closely. This is how death begins.

...wearing your pink tafetta tutu drama-queen frock today blitzboom?

[Bitcoinaire]

Blitz calling another bear market, dang.

[nanobtc]

I don't post much, but been reading here/buying small amounts of BTC since Cyprus. Mark Marie Robert Karpelès owes me.

As mentioned, any or all m/billionaires are probably too smart to personally risk much to kill BTC.

The big moneylenders? Visa/MegaCorp/<fill in the blank>?  They would/should go deeply into debt to kill BTC, because it threatens their bread and butter. They should do this for a loss, to preserve the FatCats at the top of their food chain.

I also notice that this thread is the most literate and thought-provoking one, among many that are not. Any thread that starts with "Do you think that $$$ is {anything}"? Save the bandwidth, save your time.

Thanks to you all, for what you do.

IMHO, don't buy pizza. Hodl.

[Wekkel]

Watch closely. This is how death begins.

Not death but diversification of the ecosystem.

[suzanne5223]

I don't post much, but been reading here/buying small amounts of BTC since Cyprus. Mark Marie Robert Karpelès owes me.

As mentioned, any or all m/billionaires are probably too smart to personally risk much to kill BTC.

The big moneylenders? Visa/MegaCorp/<fill in the blank>?  They would/should go deeply into debt to kill BTC, because it threatens their bread and butter. They should do this for a loss, to preserve the FatCats at the top of their food chain.

I also notice that this thread is the most literate and thought-provoking one, among many that are not. Any thread that starts with "Do you think that $$$ is {anything}"? Save the bandwidth, save your time.

Thanks to you all, for what you do.

IMHO, don't buy pizza. Hodl.

Yes, in this kind of situation holding of bitcoin and not selling is the nice move. Therefore, no matter the threat bitcoin may cause the so call billionaires, is better for them to join the race and not going against it. Mind you, the price per bitcion now is a bit increase than last week.

[rjclarke2000]

If it gets too high in to the 2700s it gets slammed back down pretty fast.

Can we hold 2700 this weekend?

[halform]

Watch closely. This is how death begins.

Indeed
https://coin.dance/volume/localbitcoins

I'm sure you'd like that as you've been calling for it to dump for a week now and it appears you've sold a big position

[sosasnois]

https://media.giphy.com/media/vaG6cg6OhyY7u/giphy.gif

[pfrtlpfmpf]

ok, maintenance. i have my main stake at polo, earning my living (by lending), i know, bad choice, but still, it earns my living, for now, and i can´t lose anything. Guys do it.
Guys do it, do it, You can pull off your bitcoin anytime, just don´t miss it.
And no, i don´t work for Polo 

[miningnew]

but still, it earns my living, for now, and i can´t lose anything. Guys do it.

The problem is it seems like you realy believe this xD

[European Central Bank]

ok, maintenance. i have my main stake at polo, earning my living (by lending), i know, bad choice, but still, it earns my living, for now, and i can´t lose anything. Guys do it.
Guys do it, do it, You can pull off your bitcoin anytime, just don´t miss it.
And no, i don´t work for Polo 

are you completely nuts?

i've been waiting months and months for poloniex to respond to a ticket. there's absolutely no way i'd trust them with any money above the pocket money level.

[yefi]

Indeed
https://coin.dance/volume/localbitcoins

I'm sure you'd like that as you've been calling for it to dump for a week now and it appears you've sold a big position

The first dump, should it come, is going to be over weeks, not days. If we're still floating around this level or higher by then, I'll probably have to readjust my own position.

[Elwar]

So...how do you think new investors will react to stability when they're expecting rocket ships? Been flat all day.

Sold enough for a new (to me) car. Less than 1 bitcoin. 2 years ago I sold 12 bitcoins for my car worth about 6k euro. Now with the price up I splurged with an $1800 car. Maybe this is what economists warned everyone about how a deflationary currency encourages people to save instead of fueling the economy. Or I have higher priorities of retiring early instead of being seen in a fancy new car.

[FractalUniverse]

economists warned everyone about how a deflationary currency encourages people to save instead of fueling the economy. Or I have higher priorities of retiring early instead of being seen in a fancy new car.

Maybe thats good, people will finaly spend on what they actually need, not what multinational companies, banks and politicians want them to buy 

[r0ach]

But in terms of how crashes go, the dollar has always been the best temporary safe haven. Anyone that says otherwise apparently can't read historical charts. Commodities have dived during crashes including precious metals. I expect that Bitcoin will take a temporary tumble as well, but I guess we shall see. It'll of course rally if banks start to fail and we get more QE.

I've always believed, long before Jim Rickards wrote his new book, that the next crash you will NOT be able to just go all-in on cash beforehand and buy the dip.  All those banks funds and money markets will be frozen, and depositors probably forced to bail-in under the "citibank clause".  I just don't see any plausible scenario in which going all-in cash is a good idea.  Also a good chance they do something like a 50% currency devaluation overnight like the 1998 Korean won deval:



This will be the crash in which metals holders become rich somewhere along the way, and god knows what the hell will happen to bitcoin.  Cryptocurrency scalability is really too low to even talk about being some big part of the next financial crash.  What are you gonna do, have a bunch of commoners pile in buying $10,000 worth of bitcoin and then paying a $1000 transaction fee just to move it?

[sosasnois]

Looking pretty bearish, it's been failing to perform and break resistance these last few days