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

[Toxic2040]

[BitcoinBunny]

I told you at 16,5k that the old mammoth is faltering and it's going exactly as I speculated. Next stop dead cat's bounces at 13k,11k and then possibly the final death spiral.

It's a shame you are new here because with your amazing knowledge you could have prevented me of getting into Crypto a while ago and sitting on a small fortune.
Oh well...

LOL. Here's betting we're flirting with $18k by Friday.

If Dec 17 and Jan 18 and possibly Feb 18 go down as the only few months BTC was ever between $10K-$20K I'd say that is a pretty meteoric rise.

(Big picture)

[JayJuanGee]

I am currently 100% BTC on my BTC / USD account.  I will start selling down again as we hit $16k, to a low of 98% BTC.  Yes I am a hard bull because anyone not on the train when it leaves the station will be left behind.   Again.

I have Tether and Alts in my Alts account.  But that is firewalled from the BTC account and they don’t mix, other than taking profits in BTC which is a one way process. Those funds never come back to the Alts account.

Edit:  first sell at $15900 so no longer 100%....  

The problem from my perspective is that the weekend dip grossly underperformed. I was targeting buying back lower.  This is a strong bullish signal for the week ahead.

Don't get me wrong, because I am completely sympathetic for bullish inclinations, and it could be possible that we are merely using the terminology differently?


Or perhaps, I am just not as smart as you in terms of figuring out BTC price direction.


I know that you are proclaiming a pretty fucking strong indication that BTC prices are going UP from here - but really, how can you know for sure.  NO one knows... NOT even Roach.

What I am asking is what if prices go below $10k, then what you going to do?  If you have money to buy under $10k, then you are already NOT 100%, and we are merely using the term 100% differently.    

By the way, I have orders set all the way down to $3k; however, I think that the odds are quite low that any of them are going to be filled.. even filling orders below $10k is seeming like a pretty big stretch, but I still think that it remains a very prudent thing to prepare for the unexpected, no?    

1.  At the time of this post its 5.57 am on Monday in New York on the first real work week back from Christmas.  We know that the price drops during holiday periods.   This dip can be seen as the bears’ last blow off before life returns to normal.  

2.  We know that Bitcoin will most probably be listed for an ETF in coming months. The whales know it too. They have been trying to shake down the hodlers all Xmas break.  Their efforts have been fairly dismal.  When the ETF is announced (or rumored) the price will go vertical and Bitcoin will claw back its dominance as the alts quagmire sinks.  To me it is obvious this is a short lived dip.  Like I said, I am a bull.  

3.  I live my life in containers.  This forum is part of my Bitcoin box.  It is not allowed to touch the other boxes.  In 2014 I put was I was prepared to lose into the Bitcoin box.  Since then I have not put any more money in.  The box is mostly full Bitcoin but is allowed to sell some small amounts for pullbacks.  When I talk about being long, it is because my Bitcoin trading box is out of fiat.

4.  In the event of a major price drop, I might consider taking some money from other parts of my life (other boxes) and putting it into Bitcoin.  Not a drop to $8k which I would consider fairly minor, but a drop to $3k would get my attention.   I have been successful since 2014 and so what I am prepared to lose would be bigger, but it take a lot to let the boxes touch - it would need to be a life changing event.

In summary I think the confusion lies from us using our terminology in two different senses.  

Thanks for the explanation.  Even though I believe that you should have more fiat in your bitcoin box, you seem to have a system that works well for you, and I agree about the likely ongoing bullish direction of bitcoin overall. 

I agree also that we are kind of overlapping in our terminology, but also our shorter term approaches to this bitcoin matter and how we deal with some of the expected short term volatility seem to be quite a bit different too, and that would likely be a bit of to each his own situation.

I do stick to my guns in my suggestion for everyone... never go full fiat nor full bitcoin. ... hahahahahaha 

[kosse]

LOL. Here's betting we're flirting with $18k by Friday.

Ok my bet is 11k. 8k tested once the the weekend slump hits  

[gentlemand]

More McAfee live.

https://www.youtube.com/watch?v=Tgs5CXkJcIs

This is your brain on drugs, kids. Lucid but, er, twitchy.

[jbreher]

Ok my bet is 11k. 8k tested once the the weekend slump hits

Fine. I already pulled all the fiat I can use back in the $18K-19K range. And I have standing buys ... umm ... standing by, all the way down to your postulated $8K and yet further below. I think your prognostication is ludicrous, but if it comes to pass, I will have that much more BTC in my pocket. For the next inevitable pump to $50K, dontchaknow.

[Neo_Coin]

[Arriemoller]

Did everyone here manage to claim/dump their superbitcoin and bitcoindiamond? I figured out the easiest method last night and got a few extra btc for dumping them

Please elaborate.

https://bitcointalk.org/index.php?topic=2702926.msg27635171#msg27635171

so that works if you have a recovery seed... I have yet to find any way to split bitcoindiamond from the core-dev bitcoin-QT wallet...  Aside from pulling down and compiling the bitcoindiamond code, has anyone found a safe way to split bitcoindiamond from a bitcoin-QT wallet/node?

thanks,
Sig

As far as I know you can't split the coins in the core wallet. But you can get the private key to your addresses by following this tutorial.

1) Click on "help" menu, then "debug window", then the "console" tab
2) Type: walletpassphrase [your wallet password] 600 (do not include the [ ] brackets, just your wallet password)
3) Write: dumpprivkey [address where you have bitcoin] (do not include the [ ] brackets, just your BTC address)
4) You will be shown your private key for this address.

Then you will have to find a wallet where you can scan/insert the private key to claim your coins.
Tell me if you find one.

EDIT: I haven't downloaded Bitpie yet to my phone, I thought it wanted a little to much information. I do however have an old phone I don't use any more where I will download it as soon as I can get to a place with free wifi. But I have no idea if you can sweep a private key in the Bitpie wallet like you can in Coinomi. I'll have to play around a bit with it when downloaded.

[TERA2]

I guess my resignation is off unless this miraculously turns around and breaks ATH.

[Torque]

My explanation for the last weeks is this: people are desparate to increase their BTC holdings by selling on the way down with the hope they will rebuy lower. This only shows that everyone knows that BTC is going to rise much in the coming years (with or without ETF). If there are still noobs that chase alt pumps, they will either be broke by the end of January, or switch to BTC in time.

Funny story time:

I know a youtube personality (won't name names) that was a big fan of Bitcoin back all through 2016 and into Jan. 2017. Bragged about how much he had made investing in Bitcoin by April '17, and that he planned on paying off his house with his Bitcoin earnings one day (he slipped up in one of his videos and told how much he had left on his mortgage, which was like 80% left... he had just bought his house).

But then he switched 75% into altcoins in April/May '17 like ETH, LTC, and ICOs AFTER the big 'flippening' occurred. Still brags about how much he's making in altcoins, and that one day he still plans on paying off his house.

The funny thing is though, I did back-of-the-napkin calculations based on the Bitcoin amount he reportedly started with vs. his altcoin portfolio he claims to have now. If he had just kept everything in Bitcoin, he'd already have enough to pay off his house loan TODAY.  As it stands today if he liquidated everything in his crypto portfolio, he'd come up ~60% short, lol.

And I'm sure he's not the only big loser that feels like he's winning.

[Torque]

Ok my bet is 11k. 8k tested once the the weekend slump hits

Fine. I already pulled all the fiat I can use back in the $18K-19K range. And I have standing buys ... umm ... standing by, all the way down to your postulated $8K and yet further below. I think your prognostication is ludicrous, but if it comes to pass, I will have that much more BTC in my pocket. For the next inevitable pump to $50K, dontchaknow.

Says Bitcoin and its dev team is shit and shills for BCash, yet buys BTC. Makes sense.  

[TERA2]

[Toxic2040]

Good god man...get off the 10m chart ffs...     


/s

[Last of the V8s]

safe to come out yet?

[jbreher]

Ok my bet is 11k. 8k tested once the the weekend slump hits

Fine. I already pulled all the fiat I can use back in the $18K-19K range. And I have standing buys ... umm ... standing by, all the way down to your postulated $8K and yet further below. I think your prognostication is ludicrous, but if it comes to pass, I will have that much more BTC in my pocket. For the next inevitable pump to $50K, dontchaknow.

Says Bitcoin and its dev team is shit and shills for BCash, yet buys BTC. Makes sense.  

Got corresponding standing orders for BCH. If you can't see the sense in that, you're dropping a notch or three in my estimation.

Several corrections:
- I never claimed BTC is shit.
- I never claimed the BTC dev team is shit.
- I receive no renumeration for my advocacy of Bitcoin Cash. Therefor, by definition, I am not a shill.
- Bitcoin Cash. Bcash is a different coin altogether.

How many misrepresentations are you able to fit in one line? Torque may be leading the competition.

[BitcoinBunny]

More McAfee live.

https://www.youtube.com/watch?v=Tgs5CXkJcIs

This is your brain on drugs, kids. Lucid but, er, twitchy.

Well at least he is interesting to listen to.

YT keeps recommending Tone Vays' videos to me.
So boring and disorganised and everything he says seems to be the opposite of what will happen next. 

[vroom]

I'm pretty sure it's called bcash, don't spread alternative facts.

[Toxic2040]

safe to come out yet?

https://www.youtube.com/watch?v=YVFgI_F4R7Y

[DaRude]

Someone decided to cash out in the most retarded way 

[Torque]

Ok my bet is 11k. 8k tested once the the weekend slump hits

Fine. I already pulled all the fiat I can use back in the $18K-19K range. And I have standing buys ... umm ... standing by, all the way down to your postulated $8K and yet further below. I think your prognostication is ludicrous, but if it comes to pass, I will have that much more BTC in my pocket. For the next inevitable pump to $50K, dontchaknow.

Says Bitcoin and its dev team is shit and shills for BCash, yet buys BTC. Makes sense.  

Got corresponding standing orders for BCH. If you can't see the sense in that, you're dropping a notch or three in my estimation.

Several corrections:
- I never claimed BTC is shit.
- I never claimed the BTC dev team is shit.
- I receive no renumeration for my advocacy of Bitcoin Cash. Therefor, by definition, I am not a shill.
- Bitcoin Cash. Bcash is a different coin altogether.

How many misrepresentations are you able to fit in one line? Torque may be leading the competition.

Nice try with the handwaving, but you're entire post history otherwise speaks volumes.

You'll never be able to spin your way back to being a Bitcoin^TM supporter on this thread. You'll will always be known as a BCash shill, along with Peter R., et al.