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

[bones261]

Does the fact that we are facing a 3 day weekend in US have any effect at all with the markets. (Wire transfer can't get to exchanges until Tuesday.) Or are US customers basically insignificant due to the US overreaching regulations?

[1715362561]

1715362561

[Torque]

Yeah but seems like some people use the GS prediction to start panic selling. Could probably drop to 3.5 this time. Sad that those big players came into the game. Now they have controll over the price of bitcoin with simple predictions.

Simple predictions my ass. They're probably heavily painting the tape so they can come out in hindsight with new fake news articles with titles claiming "Goldman Trading analysts correctly predicted Bitcoin price movement". For them it's all about self promotion and trying to stay relevant.

[JimboToronto]

Good morning Bitcoinland.

Just having my first coffee after running over to buy the dip I missed last night.

After last night's ATH capping an incredible month-long rally, we were overdue for a real correction and we got a real doozy... currently $4545USD/$5635CAD (Bitcoinaverage).

Even Altcoincash took a beating... $570USD/$707CAD (Coinmarketcap).

Still waiting to see if it goes even lower or heads up from here.
_______

I noticed long ago that the peaks usually hit $xx80. Remember NLC's Wile E. Coyote gifs? The ledge was always $480, $380, $280. Even she saw the pattern.

Did Jimbo sleep in and lose another buying opportunity?

Almost. Woke up, saw sub-$4.5kUSD threw on my clothes and ran over. Spent about half of my pocket cash and got home to find it had already bounced back up.

I'm betting he's soon going to post about buying at a good price with extra-good commission! 

I wish. I had to pay an exorbitant 6.8% buy fee but at least I seem to have caught the bottom (for now). Just a few hundred bucks worth but everything helps.

If it goes back down below $4.45k I'll do it again.

[DeathAngel]

Sad that those big players came into the game. Now they have controll over the price of bitcoin with simple predictions.

Sad people forget too fast. GS first prediction for this year top was at $3300. If they had any control thru those "predictions" we'd have been trading now at $2500 not at $4500!

Good post that, becoin.

We always get weekend dumps any way, I don't think we're about to go plummeting downwards myself.

[lemmyK]

“In 2013 the central bank in Germany said it wanted its gold back from the UK, France and the US. Here’s the thing, Germany does not want all of its gold back.”
 
“As it is going through its election cycle, there are specific factions of the German government that are pushing to get German gold back to domestically being held. The German elections are in mid-September, it is not a coincidence that this happened just before that. It was to appease political dynamics as well as leasing development of gold


“Bitcoin is a very small market cap compared to gold. I don’t think it has much impact on gold and looks like a bubble right now.”
 
“As someone who has been around Wall Street a long time I’ve seen a lot of different tricks of the trade and frauds that come and go. I am seeing all of the various schemes in bitcoin right now. There’s good forensic evidence that there are people doing wash sales right now and the suckers don’t know they are getting sucked in. Gold is still the ultimate safe haven
 

“I expect to see gold hit $5,000 and eventually to $10,000 an ounce. Maybe not tomorrow or a couple of years but that is the fundamental price of gold as money.”
 
“In a recent conversation with legendary commodity investor Jim Rogers he indicated to me was, ‘nothing goes to that level without a 50% retracing before it resumes its path upwards.’ Moves happen very fast. The question is, what are the catalysts that could take it higher?”

People can and should be allowed to buy bitcoin, but the US Government will in time call them traitors, or terrorists, and seize their assets.

How much is your BTC worth in Huston BTW. ... best  

[kurious]

Sad that those big players came into the game. Now they have controll over the price of bitcoin with simple predictions.

Sad people forget too fast. GS first prediction for this year top was at $3300. If they had any control thru those "predictions" we'd have been trading now at $2500 not at $4500!

Good post that, becoin.

We always get weekend dumps any way, I don't think we're about to go plummeting downwards myself.

I think so too.... sub 4500 feels like cheap coins. But let's see.

[becoin]

How much is your BTC worth in Huston BTW. ...

How much is your gold worth in Huston BTW. ...

[gentlemand]

How much is your BTC worth in Huston BTW. ... best  

Gold's all time high inflation adjusted, which is supposed to be the point of it, was over three and half decades ago.

Bitcoin's was about 12 hours ago.

[Lucidius]

Been waiting for a good opportunity to put in some more fiat. This looks like it might be it. But when though....

Waiting for some consolidation before pulling the trigger I think. Maybe Tuesday

May the weak hands be shaken and the strong hands be rakin'

[aesma]

Only a few weeks ago we were talking about what we would be doing if BTC reached a certain point. For some it was 5000$, for me it was 5000€.

I said that I wanted to buy a used Porsche 911 convertible.

Tricky. I bought a Porsche 928S4 with a few coins at the 2500/coin mark, and while it is a perfectly fine little car I do look at it sometimes and wonder why the value hasn't doubled in the past few months. But it brings me mental stimulation and joy, which is good.

Key life lesson ahead:

Remember that the one thing in life you can never get more of is time. It's even rarer than bitcoins, and can't be created by any force in the universe faster than it unfolds (like um... bitcoin). So if you really want a 911 convertible, and it's something that will return you a serious investment in joy, buy it now and not later. Because next year you will have one less year in your life to enjoy it; a year you will never be able to get back.

I would recommend a pre 1969 Targa of course, but I like the short wheelbase models. Then again they can and will kill you, so you might be better off with the 69-72 models which have the delightful MFI system or (if you're cheap and buying a 69-71 T) carbs. The 72 911T might be the best; I think it's the one with MFI and that funny oil port that everyone mistook for a gas tank port with hilarious results....

C

I believe that I can live forever actually. Might be proven wrong in the end.

Yes my favorite is an old Targa, however these are too expensive right now. I'm looking at the 996, cheaper and maybe also more useable as a daily driver. I've even seen one with the front replaced by a kit making it look like a 997.

At work someone has acquired a 996 Targa and this made me realize that the 996 and 997 Targa are not Targa at all, just coupes with a big sunroof.

There are other things I want to do that will cost me less than that, with more incremental spending, getting a pilot's license for one, so I'll start with that first.

[STT]

The whaletail porsche might be my favourite shape even without the spoiler.   Im not sure most people should buy the classic 911 if just driving normally on a road, a modern car with various devices to aid control is probably more sensible.    If you live out in the middle of nowhere and can experiment then it might be a dream of course, I'm not a fan of modern cars that wont stop going bing all the time.


The bitcoin price pulling back to 4333 looks reasonable as a previous kind of ceiling and now support.   Call it bullish again when rising above 4730 and just keep watching till then as market decides between the two.   The previous 3622 remains relevant of course but the bulls are no doubt not hoping it is on the menu

[ssmc2]

Who bought the bottom? 

[Icygreen]

Who bought the bottom? 

@4520ish and ready for 4300

[Arriemoller]

The story is that he lost 700000 XMR worth about 20500 XBT on his Apple laptop. I am not a fan of Apple and its EULA's but this has to be a record for a click on "I agree".

wtf has apple to do with it?

Probably nothing. As I recall, he had a bunch of people over and overlooked the most basic aspects of physical security. Then again, I may be misrememberating.

Not good to make fun of the misfortunes of others; however, I recall that Risto had some other drama a few years earlier, too... something about leaving his laptop in a conference room of a hotel and then the laptop went missing with thousands of bitcoins.  Isn't this a repeating theme with Risto, and if it were to happen once, then wouldn't additional security measures be taken in order to not have a similar scenario unfold a second time?

I think that is the incident to which I was referring. Though I think it was in the sauna at his place during an event with many invitees. I may be befuddled on the deets.

Actually, do you know how rumors can be evolve their own legs when they get batted around long enough, and it is like the game "telephone" where the last message is no where close to the first message.

It is certainly true that Risto has had a lot of drama including losing bitcoins, buying a castle, getting involved in monero, getting a divorce, being supposedly chased by the government.. and some kind of online gaming, too, so yeah, it is not very clear regarding the extent to which some of these stories might overlap, and he has been a bit of a drama queen, too, including some photos that he circulated on the internet of his personal circumstances, and even personal details that may or may not be completely true.

He has also had some incidents of health problems including psychiatric treatment, and I recall one time trying to suggest that he take better care of his health, because I saw a picture of him with a cigar and he looked really pale and unhealthy and lacking in athleticism - for a fairly young guy.

Anyhow, the laptop losing incident in the conference/hotel/sauna predated his getting involved in Monero, so if he really did lose a bunch of Monero, then that may have been a separate incident?

I believe that the hotel/sauna/conference loss, even though substantial, did not leave him in any kind of state of poverty, because, I think that he bought the castle after that with bitcoins... and maybe in the end, he tries to be a big baller and we know the expression that a fool and his money are soon parted... and if you are engaging in a lot of this kind of drama, then you are likely going to have trouble hanging onto wealth, unless you have someone managing your money for you, such as a trust.

Don't worry about the paleness, he's from Finland, they are all pale like snow ghosts.

[lightfoot]

I believe that I can live forever actually. Might be proven wrong in the end.

Life is short, eat dessert first....

Yes my favorite is an old Targa, however these are too expensive right now. I'm looking at the 996, cheaper and maybe also more useable as a daily driver. I've even seen one with the front replaced by a kit making it look like a 997.

*nod* The early 70's air cooleds are going for silly amounts of money, I'd leave them alone. Plus they had rust as a factory installed option; they would spray the floorboards with salt water just to do it....

I don't really go for the 90-2000's Porsches. I prefer the 70's and 80's, the water cooled models like the 944S/944Turbo and the 85-87 928's are actually pretty good deals for the money. You could also pick up a 914 cheap, they're oddly fun little cars.

[Arriemoller]

Why all the chat about Risto guys?

I miss the guy.

[Arriemoller]

Ok I will say it.
$7550 by the end of the year and $16000 by the end 2018.

I played a bit with the charts and did some pure speculation (imagined 2% of the world population using Bitcoin, ETFs approved and such).

It's always good to write down our goals. Sometimes we reach them

Ok, here's mine. Long term btc har doubled in price visavi dollar every eight months. Last year btc doubled , this year it has, so far, doubled in price every four months, if it keeps doubling every four months I predict 10000USD
by new year, 20000 by may first, 40000 by September first and 80000 by next new year.

Having said that, the last time I posted a prediction was in early december 2014, and we all know what happened after that.

EDIT: I mean of course early January 2014

[FractalUniverse]

Reading from my tea leaves weekly bitcoin chart, I predict at least one big red candle in september. my bet is that we'll have a look below 4k. and if its deep enough i would finally be able to buy back some

[rjclarke2000]

Why all the chat about Risto guys?

I miss the guy.

Miss him? He was active on bitcointalk today and posted only a few days ago. He hasn't gone anywhere has he?

[lemmyK]

Soo whats now..??