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

[OWZ1337]

Good morning Bitcoinland and greetings from the jungle in the Yucatan peninsula. Internet access is spotty out here so I haven't been checking in daily.

I see the "S. Korea bans Bitcoin" panic is continuing, all the way down to 4 digits and back up a little... currently $10160USD/$12645CAD (Bitcoinaverage).

I'm too lazy to work out the old coin price (damn, the Mexican lifestyle is getting to me) but all alts are down, mostly a lot worse than Bitcoin.

If I was at home I would have jumped on this dip and bought by now. Oh well, at least I bought the CAD in my pocket when the price was almost $21kCAD/BTC.

Hopefully everyone else is stocking up at these bargain basement prices. If prices are still down when I get back to civilization, I'll use what I have left of my travel float to buy more coins.

Hopefully this price foolishness will turn out the same way last January's "China bans Bitcoin" nonsense turned out last year.

Bitcoin is still strong. It's not just about blockchain technology, it's more about open source and decentralization.
_____

Damn. By the time my sketchy internet service got my message posted, we'd gone back down to 4 digits. Oh well, at least the scenery is gorgeous and the Mayans are super friendly.

^you heading to the Dead&Co shows? :-D i'm jealous~

https://www.deadandcompany.com/events/435843

[bitcoinPsycho]

watch the bounce

[infofront]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

BOB, I SEE BTC IS NEAR ROCK BOTTOM NOW. GOOD TIME TO SHORT?

[jojo69]

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

less phone

more binoculars 

[BTCMILLIONAIRE]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

BOB, I SEE BTC IS NEAR ROCK BOTTOM NOW. GOOD TIME TO SHORT?

Short at $8k. Too bad the leveraged shorting ETFs didn't come out. Would've been perfect timing.

[jbreher]

About 40 percent of bitcoin is held by perhaps 1,000 users

Got any data to go with your wild assertion?

Not that I think you're _wrong_, mind you. I just think you're spouting nonsense. I bet you never questioned where you heard that 'statistic'. amirite?

[Last of the V8s]

@ChrisBlec
Jan 16

Let's fast-forward a bit.

It's May 2018. Bitcoin's price has just crashed from USD $42,000 down to $29,000.

It's September 2018. Bitcoin crashes from $87,000 to $48,000.

It's January 2019. Bitcoin crashes from $105,000 to $63,000.

You think this dip is hard? Just wait.
16 replies 139 retweets 423 likes

[jbreher]

Your English is fine. It's your perception that needs work. With so many new participants streaming into the space, a rapid rise was inevitable. As is the correction. As will be the subsequent recovery and the next skyward burst.

Aren't you supposed to be a bear

Of course I'm a bear. Doesn't exclude me from being a bull. Just stop it with the species-ism.

[bitcoinPsycho]

@ChrisBlec
Jan 16

Let's fast-forward a bit.

It's May 2018. Bitcoin's price has just crashed from USD $42,000 down to $29,000.

It's September 2018. Bitcoin crashes from $87,000 to $48,000.

It's January 2019. Bitcoin crashes from $105,000 to $63,000.

You think this dip is hard? Just wait.
16 replies 139 retweets 423 likes

I might sell half my stash in Jan 19

[thrax]

What the forum needs is the option to restrict posting in moderated topics to an activity level set by the topic starter. This would at least require spam accounts to build up activity first and thus make the ignore button meaningful.

I wonder if Adam would be agreeable to a script that would auto-delete posts from users below a certain post count...

good idea imo!

I'm not sure that would work too well.

NotLambchop has made 7480 posts, but look at the shit he posted.

Good morning, gentlemen.  Still at it I see?

[tonyq]

About 40 percent of bitcoin is held by perhaps 1,000 users

Got any data to go with your wild assertion?

Not that I think you're _wrong_, mind you. I just think you're spouting nonsense. I bet you never questioned where you heard that 'statistic'. amirite?

Bloomberg is the source.
I feel they are trustworthy.

https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

[Last of the V8s]

^ from same fishwrap https://www.bloomberg.com/news/articles/2018-01-17/virtual-currencies-seen-as-evolving-threat-by-u-s-treasury

Treasury is working with the Internal Revenue Service examiners to review 100 registered digital currency providers as well as others that have not registered, Sigal Mandelker said in prepared testimony to the Senate Banking Committee on Wednesday. The department is also working with the Justice Department to pursue money laundering cases.

[HairyMaclairy]

From the article:

Ordinary investors are at an even greater disadvantage in smaller digital currencies and tokens. Among the coins people invest in, bitcoin has the least concentrated ownership, says Spencer Bogart, managing director and head of research at Blockchain Capital. The top 100 bitcoin addresses control 17.3 percent of all the issued currency, according to Alex Sunnarborg, co-founder of crypto hedge fund Tetras Capital. With ether, a rival to bitcoin, the top 100 addresses control 40 percent of the supply, and with coins such as Gnosis, Qtum, and Storj, top holders control more than 90 percent. Many large owners are part of the teams running these projects.

I had a look at Notlambchop’s post history. Doesn’t look sufficiently literate to be an FT journalist.  More of a word salad type like Roach.  We do have a track record of attracting the mentally ill.  But I’m sure it’s worse elsewhere.

[thrax]

I had a look at Notlambchop’s post history. Doesn’t look sufficiently literate to be an FT journalist.  More of a word salad type like Roach.  We do have a track record of attracting the mentally ill.  But I’m sure it’s worse elsewhere.

Looking at his posts put things into perspective for me. Three years ago he was predicting $80 coins. Three years later we will think it's the end of the world if bitcoin crashes back to $8000.

[Karartma1]

https://trends.google.com/trends/explore?q=bitcoin
Total noobs carnage, Google Trends confirms it. Just look at the chart and see for yourselves. Thanks Torque for the hint: I went looking for the only chart I needed and the timings are so clear.
Back to business

[Starving_Marvin]

https://trends.google.com/trends/explore?q=bitcoin
Total noobs carnage, Google Trends confirms it. Just look at the chart and see for yourselves. Thanks Torque for the hint: I went looking for the only chart I needed and the timings are so clear.
Back to business

fork - Culinary tool

[BTCMILLIONAIRE]

Your English is fine. It's your perception that needs work. With so many new participants streaming into the space, a rapid rise was inevitable. As is the correction. As will be the subsequent recovery and the next skyward burst.

Aren't you supposed to be a bear

Of course I'm a bear. Doesn't exclude me from being a bull. Just stop it with the species-ism.

I'm sorry.

I had a look at Notlambchop’s post history. Doesn’t look sufficiently literate to be an FT journalist.  More of a word salad type like Roach.  We do have a track record of attracting the mentally ill.  But I’m sure it’s worse elsewhere.

Looking at his posts put things into perspective for me. Three years ago he was predicting $80 coins. Three years later we will think it's the end of the world if bitcoin crashes back to $8000.

For some people it's the end of the world right now already.

[bitcoinPsycho]

who bought at the bottom?

[Colonel Panic]

I had a look at Notlambchop’s post history. Doesn’t look sufficiently literate to be an FT journalist.  More of a word salad type like Roach.  We do have a track record of attracting the mentally ill.  But I’m sure it’s worse elsewhere.

I’m always amazed when this comes up: as if a working journalist would have the time, let alone the inclination, to fart out 7000 posts here.

NLC was a professional fudder working  in what was then the main trader’s pit to get the price as low as possible for as long as possible while he or his employer accumulated. He stopped (or rather transformed into other long con characters) when the bear market had run its course.

[El duderino_]

@ChrisBlec
Jan 16

Let's fast-forward a bit.

It's May 2018. Bitcoin's price has just crashed from USD $42,000 down to $29,000.

It's September 2018. Bitcoin crashes from $87,000 to $48,000.

It's January 2019. Bitcoin crashes from $105,000 to $63,000.

You think this dip is hard? Just wait.
16 replies 139 retweets 423 likes

This is my Reading material Just before watching one of my favorite series