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

[luckygenough56]

feels like the bottom is in

if not, this a damn deceiving paint job whale

[noize_1234]

Feels more and more like a trap

[OWZ1337]

feels like the bottom is in

if not, this a damn deceiving paint job whale

january n00b purge over yet? :-D haha

[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?

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

mmhhmm, mmm hmmm....

Looks like the 'source' did not originate with Bloomberg (like they'd really know anyhow...):

About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown,

OK , and Aaron Brown is...?

Oh:

former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.)

... well, that seals the deal right there. How can one question not only a Bloomberg, but an actual Prophet?

Sorry, unconvincing so far. Shall we read on? From whence did our esteemed Mr. Brown derive this nugget of truth?

...
...
<crickets>
...

Nope. Still not seeing it. This looks to be merely one of the multitudinous 'bits of veracity' floating around this space. One that everyone 'knows to be true', yet nobody ever bothers to verify.

Until you kick forth a primary source, I'm calling bullshit.

[HanvanBitcoin]

[luckygenough56]

Feels more and more like a trap

we can still be in a mid dump indeed

[Elix9]

feels like the bottom is in

if not, this a damn deceiving paint job whale

https://www.youtube.com/watch?v=EhVdx62yQFE

Might be a good watch. Talks about a possible spike before another fall.

[HairyMaclairy]

I would not be chasing any green candle without a significant period of consolidation.

[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?

Well, if the pareto principle applies to bitcoin holdings, then the square root of bitcoin users hold half the coins. And the square root of those people hold half of their coins. Go from there.

Umm.. That's not data.

[Biodom]

Masterluc:

Well, you understand. From 10k and lower - the last station of the departing train. Who did not have time - buy as last time in life.

More than 10k does not make sense from my point of view.

bad google translate.
ml says:
Бoльшe 10к нe имeeт cмыcлa зaxoдить c мoeй тoчки зpeния.

Better to translate like this:
From my [ml] point of view, it does not make sense to buy above 10K [here].

My interpretation: he was right as we dropped close to 9K ($9150 on polo) and when he was posting we were at about 11K.
We shall see if we will revisit 9K or even 8K relatively soon. the first phrase indicate to buy like a mofo somewhere here and his prior advice was 9K. Darn it, so far he was right on the money.

[HairyMaclairy]

Have the futures closed?

[arklan]

Have the futures closed?

good question. forgot about those... if so, people lost a big chunk...

boing.... 9200 floor, yea?

[Deeyoh]

Umm, working on the 1000 btc wall around 11k.  Look like another up shoot if this goes through.

[Toxic2040]

500 btc to go..get while their hot.

[Deeyoh]

That was quick.. busted through.

[Ibian]

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?

Well, if the pareto principle applies to bitcoin holdings, then the square root of bitcoin users hold half the coins. And the square root of those people hold half of their coins. Go from there.

Umm.. That's not data.

Yes it is. It applies to every area of human productivity that we have examined so far. It's less a matter of proving it than of disproving it at this point.

[rolling]

Everyone is piling back in. Alts are going crazy again.

[Last of the V8s]

пoкyпaйтe кaк пocлeдний paз в жизни

[milkshock100]

We have lift off

[Deeyoh]

I'm kind of feel sorry for the people that panic sold in the 9000's. Hard lesson to learn.