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

[Biodom]

Regardless of the current momentum (down), here is an interesting link:
https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2

Not sure re methodology, but it is kind of cool:
Most likely price: $55-58K/btc at the year end.
The probability of the price below $12951 (price when he made the plot) is just 9.84%.
An equal chance of the price below 13.2K and above 271K. Wow.
We are 20% below, so odds should be even better than 100-9.84%=91.16%, perhaps.
I like these odds  

[vanobe]

Ugh. Screw this downward momentum.

Got a bad feeling in my gut just now...

Figures. The act of me moving my next batch of coin onto an exchange caused the price to retreat.

That's muh story, and I'm stickin' to it.

Sheeit.

Think positive, it was only a year ago it pumped up to $1000. Don't be like this guy now it's crashed to $10000

https://stonetoss.com/comic/hodl-on-tight/

[muadib83]

TA's are for gamblers.

Tomorrow if Rating go A/B - Futures on 26th will go for BULL - and next month we will see max BULL


Rating go C - slow downtrend

Rating D/E - we go down hard - futures go BEAR and next month we drop to 3-5k - still good opoortunity next month for next futures


Any stupid ta's won't give you anything. THere are TONS of Bear (h&s, double bottom, etc.) and Bull (still uptrend etc., correction etc..)



In my opinion Rating will go C/D - to make price go lower and kill all new/small comers, make some Hodlers sell low - and then when no one will want to buy - when all people will panic sell, bear etc.

Then Whales will buy, good news come, futures come in, ratings and all this shit - and it will moon


BUT...  by then whales will want to overthrone BTC with Etherum first then Ripple


FUNNY THAT NO ONE KNOWS - why it is RIPPLE name = RIP + PPL (people) - E - easy


So even if it drops hard- if btc will maintain dominance while dropping - around 40 when low - it will BOOM haard - and I mean hard (300% in few days) but that is what people should look for not TA (there are tons of sponsored, fake, bad etc ta's - it is PURE gamble)



Next days/weeks it will be battle GREED vs POWER - jews vs jews - Both of them want to destroy Bitcoin - but they all want money - easy money is when BTC goes up. Power is when BTC goes down.

What do you think about this?

[CinemaAI]

Ugh. Screw this downward momentum.

Got a bad feeling in my gut just now...

Figures. The act of me moving my next batch of coin onto an exchange caused the price to retreat.

That's muh story, and I'm stickin' to it.

Sheeit.

All told, it still just looks like an orderly correction. This isn't a panic sell. This isn't a 'capitulation'. Sure, the weak hands are being squeezed. But it's not yet selling at any price.

[jojo69]

holy moly

that is some clean ass looking mempool!!

wow

and to think I paid like 300s/B to clean out my Armory wallet the other day (preparatory to prying the BCH out of it...possible, but not fun)

[Phil_S]

I miss Carolina, gentlemen, moon and Choo choos.

Carolina loves you. She loves gentlemen that travel by train.

Dinner in the diner

Nothing could be finer

Than to have your ham and eggs in Carolina!

[Neo_Coin]

https://www.nytimes.com/2018/01/22/opinion/irs-bitcoin-fear.html

[marcus_of_augustus]

that is some clean ass looking mempool!!

and to think I paid like 300s/B to clean out my Armory wallet the other day (preparatory to prying the BCH out of it...possible, but not fun)

Coinbase got caught shitting in the mempool, serious flatulence and runny diarrhea intended to cause as much trouble as possible ... probably they were getting back-handers from Jihad , Roger and jbreher and those big-block bum-buddies to keep fees high and sow mayhem. Worst thing is they were using the customers funds and gouging them on the fees, by not batching ... yeah, real good business model that ... screw your customers to destroy the network that underlies your existence ... jack-asses all around.

good riddance when we lose the losers with bad business models, Wu, Ver, Armstrong and all the other little fucker mental midget lightweights ... it's well past time they just fux off and stopped trying to destroy bitcoin with their delusions of grandeur. Coinbase and Bitmain are firmly in the sights now they should prepare for the worst, they will not get off that easily.

[jojo69]

https://www.nytimes.com/2018/01/22/opinion/irs-bitcoin-fear.html

The prospect of substantial government revenue losses is not just a problem for the United States government; it is also a problem for the cryptocurrencies themselves. For cryptocurrencies to survive long enough to be an effective means of performing everyday transactions, the cryptocurrency community will need to find a way to prevent tax evasion. This will involve a tricky balancing act, preserving anonymity while providing the I.R.S. with sufficient information to prevent tax evasion.

More generally, cracking down on tax evasion will require that the community learn to trust government. Since this goes against the very ethos of the cryptocurrency movement, it poses the most difficult — but no less necessary — challenge.

ha haha hahahahaHAHAHAHAHAHAHAHAHAHBWAHAHAHAHAHAHAHAHAHAHAHAHA

[marcus_of_augustus]

^^^ NYTimes is a government foghorn waste of ink and shouldn't be read at all ... the amount of times they have been caught lying should tell you emphatically, do not trust the NYTimes ... or it's bitch-master the US police state.

[explorer]

Regardless of the current momentum (down), here is an interesting link:
https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2

Not sure re methodology, but it is kind of cool:
Most likely price: $55-58K/btc at the year end.
The probability of the price below $12951 (price when he made the plot) is just 9.84%.
An equal chance of the price below 13.2K and above 271K. Wow.
We are 20% below, so odds should be even better than 100-9.84%=91.16%, perhaps.
I like these odds  

Repeat of jbreher's post many hours ago.  Still interesting though...

[acquafredda]

^^^ NYTimes is a government foghorn waste of ink and shouldn't be read at all ... the amount of times they have been caught lying should tell you emphatically, do not trust the NYTimes ... or it's bitch-master the US police state.

If you read the whole thing you will see hoe the NYT suggests a way to dodge capital gain taxes on btc txs. Hilarious

[serveria.com]

Latest from Masterluc aka Bitcoin Wanga (Google Translate):

In order for the community to understand correctly, it is worthwhile to place thoughts on the current situation.

Volumes do not grow when falling. So while falling from ATH is considered a correction in the form of a bull flag or a pennant or something else.

Critical, I think the level of the beginning of the previous bottom, about 7700. Well, in general, closing in the negative zone of the weekly BB. While we close in the positive zone - everything is good from the bullish point of view.

So now everyone take a deep breath... 

[doc12]

https://www.nytimes.com/2018/01/22/opinion/irs-bitcoin-fear.html

The prospect of substantial government revenue losses is not just a problem for the United States government; it is also a problem for the cryptocurrencies themselves. For cryptocurrencies to survive long enough to be an effective means of performing everyday transactions, the cryptocurrency community will need to find a way to prevent tax evasion. This will involve a tricky balancing act, preserving anonymity while providing the I.R.S. with sufficient information to prevent tax evasion.

More generally, cracking down on tax evasion will require that the community learn to trust government. Since this goes against the very ethos of the cryptocurrency movement, it poses the most difficult — but no less necessary — challenge.

ha haha hahahahaHAHAHAHAHAHAHAHAHAHBWAHAHAHAHAHAHAHAHAHAHAHAHA

Muahahahahahaha  trust haha goverment haha

[jojo69]

7700?

he talking in rubles or something?

[milkshock100]

7700?

he talking in rubles or something?

I have to say he’s starting to concern me.

The bottom keeps falling with his predictions. First 11k, then 10k, then 9k and now 8k....

[serveria.com]

7700?

he talking in rubles or something?

I have to say he’s starting to concern me.

The bottom keeps falling with his predictions. First 11k, then 10k, then 9k and now 8k....

No I guess he meant $7700 was a bottom some time ago (before the big year-end pump).

I guess he mentioned several times it won't drop below 9k

[somac.]

7700?

he talking in rubles or something?

I have to say he’s starting to concern me.

The bottom keeps falling with his predictions. First 11k, then 10k, then 9k and now 8k....

for further insights, see this blog https://btctrading.wordpress.com/2018/01/18/long-term-update-bottom-done/

Apparently, this guy and masterluc kinda follow one another. I'm not too sure what Masterluc's 7700 is in regards to, but, Enky says that if it were to reach this level, it would become a bear market.

[jojo69]

yeah, Enky said bottom done on the 21st

Luc refers to a previous 7700 bottom that I can't find on the chart

The guy with the daily gain random walks, which is basically "it went up before so it will go up again"

that other motherfucker has an "alternate reality indicator"

I'm as bullish as the next guy, but I can also tell when I'm getting smoke blown up my ass

no cognitive biases in here...no sireee

[somac.]

yeah, Enky said bottom done on the 21st

Luc refers to a previous 7700 bottom that I can't find on the chart

The guy with the daily gain random walks, which is basically "it went up before so it will go up again"

that other motherfucker has an "alternate reality indicator"

I'm as bullish as the next guy, but I can also tell when I'm getting smoke blown up my ass

no cognitive biases in here...no sireee

possible translation issues with masterluc as well of course. 7700 could be referring to an indicator rather than support or resistance. I have no idea though.