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

[d_eddie]

I also read Masterluc's last phrase as "Further (down) than 10k makes no sense to me."

Now we're over 10k, but I feel another plunge coming. However, I think the bears will be out of steam soon. I bought some more. Still have a few scraps of fiat to burn. After that, she can start to get back up when she feels like it. Thanks.

[yefi]

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.

There are men that prefer to live like mosquitoes - no recompense is necessary.

[HairyMaclairy]

Roach is not sick, he is merely having trouble handling reality.

I’m sure he fits plenty of DSM-IV

The jews are in fact a problem, and there is no good solution to it. Wiping them out would be wrong on a moral basis because they are simply trying to survive, but that doesn't change that they are actively undermining our culture to our detriment.

It’s important that you take responsibility for your own life choices.  You shouldn’t try to attribute to conspiracy theories things which are easily explainable by market forces.

I used to work in mining, including with gold miners building gold wash plants.  It was a pretty simple strategy.  The strategy was to invest in projects with costs in the lowest quartile and expand those projects, driving other producers out of business.  Our business did exactly the same in iron ore, thermal and metallurgical coal.

So you can interpret low gold prices as a Zionist conspiracy.  Or you can admit it was because of actions by businesses such as my former employer exploiting a competitive advantage.  It might make you feel better to blame dark, shadowy forces but that’s just a pathway to not take responsibility for your own investment choices.

I am not saying market manipulation does not exist - it is rife.  But it can only persist for short periods of time until someone comes along and arbitrages it back down.   

[OWZ1337]

$12,000 close and great news for bitcoin/tekcoin    weee

[Deeyoh]

Liked this one.  Wonder if that 11k sell wall will get eaten.

[Ibian]

Roach is not sick, he is merely having trouble handling reality.

I’m sure he fits plenty of DSM-IV

The jews are in fact a problem, and there is no good solution to it. Wiping them out would be wrong on a moral basis because they are simply trying to survive, but that doesn't change that they are actively undermining our culture to our detriment.

It’s important that you take responsibility for your own life choices.  You shouldn’t try to attribute to conspiracy theories things which are easily explainable by market forces.

I used to work in mining, including with gold miners building gold wash plants.  It was a pretty simple strategy.  The strategy was to invest in projects with costs in the lowest quartile and expand those projects, driving other producers out of business.  Our business did exactly the same in iron ore, thermal and metallurgical coal.

So you can interpret low gold prices as a Zionist conspiracy.  Or you can admit it was because of actions by businesses such as my former employer exploiting a competitive advantage.  It might make you feel better to blame dark, shadowy forces but that’s just a pathway to not take responsibility for your own investment choices.

I am not saying market manipulation does not exist - it is rife.  But it can only persist for short periods of time until someone comes along and arbitrages it back down.   

If you are born in a cage, nobody gets to lambaste you for not being free - or even for not preferring freedom to slavery.

This is ridiculous. Not even five words in and I already know the entire content of your post, and the appropriate reply. You people are boring.

[erre]

I'm just wondering who is placing walls after this dip....panic wallers?

[HairyMaclairy]

I think it is unlikely you were born in a cage Ibian, unless it was a cage of your own making.

[Ibian]

I think it is unlikely you were born in a cage Ibian, unless it was a cage of your own making.

Yes. You do.

[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?