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

[Rosewater Foundation]

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person that they should use bitcoin without talking about its price or making profit by trading it.

The people you've described tend to be very very stupid, or at least simple-minded. Sheep in general. They believe that government and establishment will help them out, if they only vote for the right politicians.

They think that the best way to make money is to put it in a bank and lose 3% purchasing power each year, despite interest, or to invest in some conservative mutual funds which won't make them any real profit until they die - at least they can pass it to their children... after a hefty tax.

Or maybe they just love being slaves.

EDIT with regards to your quote - if these people are fiat-loving, then you'd have to change that first. For them, Bitcoin offers no benefits because they love the government and idolize the leaders of their political philosophy in government.
Of course, these same leaders will dump them in an economic crash and tax them into oblivion.

I think the proper technical term is agreeable. It's not something you choose. Just like we didn't choose to be disagreeable.

In my experience, most of these "agreeable" people become very aggressive, and call Bitcoin a "scam" etc.

The most common concern I hear is that "Bitcoin is not controlled by anyone, therefore it's too risky". I'm not kidding.

Um, how about a little more discussion about price movement??

Only down $10k. Just a flesh wound. $50k right around the corner...

[Ibian]

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person that they should use bitcoin without talking about its price or making profit by trading it.

The people you've described tend to be very very stupid, or at least simple-minded. Sheep in general. They believe that government and establishment will help them out, if they only vote for the right politicians.

They think that the best way to make money is to put it in a bank and lose 3% purchasing power each year, despite interest, or to invest in some conservative mutual funds which won't make them any real profit until they die - at least they can pass it to their children... after a hefty tax.

Or maybe they just love being slaves.

EDIT with regards to your quote - if these people are fiat-loving, then you'd have to change that first. For them, Bitcoin offers no benefits because they love the government and idolize the leaders of their political philosophy in government.
Of course, these same leaders will dump them in an economic crash and tax them into oblivion.

I think the proper technical term is agreeable. It's not something you choose. Just like we didn't choose to be disagreeable.

In my experience, most of these "agreeable" people become very aggressive, and call Bitcoin a "scam" etc.

The most common concern I hear is that "Bitcoin is not controlled by anyone, therefore it's too risky". I'm not kidding.

Um, how about a little more discussion about price movement??

Only down $10k. Just a flesh wound. $50k right around the corner...

Yeah we are bored. Years of the same shit over and over, nothing to talk about.

At least so far as price. What would be a useful discussion is how to live when you can choose instead of have it dictated for you. I can't be the only one having an interesting time transitioning.

[jojo69]

[gembitz]

 

[starmman]

 

gembitz is posting again - does that mean we are about to back in a bull period?

[TERA2]

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person who doesnt believe in a failing or fraudlent banking system that they should use bitcoin, without talking about its price or making profit by trading it. Present what benefits they will reap by using bitcoin as opposed to banks, VISA, google pay, venmo, etc. Anything besides capital gain?

You are presenting false parameters in your shilling argument, tera beara... bitcoin is not merely meant to serve as a payment system, even though it may well accomplish such common use in that direction in the future, perhaps, but not necessarily in order to still have value and utility.

Yeah, if you create your own strawman, then you can more easily make some dumb -ass pie in the sky argument, that is not connected with reality.

If you are saying there are false parameters, you must be admitting bitcoin is only for overthrowing the fed, committing crimes, and/or making a profit... (or overthrowing the fed so you dont have to taxes on the profits)

Which of those payment methods are you in control of all your own money?
Gpay, VISA, Venmo: all built on top of the banking infrastructure, who hold your money and issue you IOUs. Replace banks with bitcoin, which is in your control.

What percentage of people ever have issues with control of their bank account? (mostly criminals)
What percentage of bitcoiners get their wallets hacked or coins lost?
What percentage of bitcoiners will get their wallets hacked or coins lost when they are average people?
Does the average person even have anything to lose? It's mostly just in and out paycheck to paycheck

[Enjel]

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person who doesnt believe in a failing or fraudlent banking system that they should use bitcoin, without talking about its price or making profit by trading it. Present what benefits they will reap by using bitcoin as opposed to banks, VISA, google pay, venmo, etc. Anything besides capital gain?

You are presenting false parameters in your shilling argument, tera beara... bitcoin is not merely meant to serve as a payment system, even though it may well accomplish such common use in that direction in the future, perhaps, but not necessarily in order to still have value and utility.

Yeah, if you create your own strawman, then you can more easily make some dumb -ass pie in the sky argument, that is not connected with reality.

If you are saying there are false parameters, you must be admitting bitcoin is only for overthrowing the fed, committing crimes, and/or making a profit... (or overthrowing the fed so you dont have to taxes on the profits)

Which of those payment methods are you in control of all your own money?
Gpay, VISA, Venmo: all built on top of the banking infrastructure, who hold your money and issue you IOUs. Replace banks with bitcoin, which is in your control.

What percentage of people ever have issues with control of their bank account? (mostly criminals)
What percentage of bitcoiners get their wallets hacked or coins lost?
What percentage of bitcoiners will get their wallets hacked or coins lost when they are average people?
Does the average person even have anything to lose? It's mostly just in and out paycheck to paycheck

(1) Your bank is fractionally reserved, and they make a killing by lending off your money while giving you negative return (due to inflation, another big problem with fiat and the Fed). Do you think that a central authority printing whatever they want to is a good thing? In 30 years, a millionaire salary will be the poverty wage as a result of this.

(2) Probably very few who are careful... funny how this credit company was hacked, and hundreds of millions of people had their info stolen by middle-east hackers recently. The executives sold all their shares a month in advance of course.

(3) Better be careful then.

(4) Do any of us have anything to lose? But I agree - they should take action if they are not satisfied financially.

[Wekkel]

The 1 day chart develops a nice hammer at the bottom. Is this all that the sellers got?

[schyter]

What percentage of people ever have issues with control of their bank account? (mostly criminals)
What percentage of bitcoiners get their wallets hacked or coins lost?
What percentage of bitcoiners will get their wallets hacked or coins lost when they are average people?
Does the average person even have anything to lose? It's mostly just in and out paycheck to paycheck

VISA has been hacked more times than i can count.
just google "VISA cards hacked"

Bitcoin is good for averting corruption in countries like mine

When i own have a very big company with a well secured bitcoin wallet, it is only with a block explorer and/or a public key that i will notice money creeping out of company wallet. Then i will subsequently ask the right office to explain that withdrawal.

Same for universities taking tuition fees from students and much more.

The most fascinating part is how i am able to buy mobile credits for my sister all the way in Canada using bitcoin from Ghana.
Same currency everywhere.

[El duderino_]

Mmmm next price poll after 16feb...?? But between ...?? These days iT can be everything , Just Hoping everybody keeps on hodling down here So we can all MOON together

Tuff times these days but buissnes like allways

[jojo69]

The 1 day chart develops a nice hammer at the bottom. Is this all that the sellers got?

they are close man, depends on which data set you use, everything still looks ok on stamp, GDAX not so much

A couple little wicks under the July 15 log line and the 150DMA I don't mind, they put some real meat down there and we are in for trouble.

Of course the flip side of danger is opportunity, I really think if the bears fail here they are done.

[serveria.com]

In case somebody isn't aware masterluc posted earlier today his bitcointalk account was hijacked.

[Remember remember the 5th of November]

Here's a ray of light. It is currently more expensive to go down 1500 dollars than it is to go to 25k,

[realr0ach]

in other news

4chan tracked down Trevon James. He's in a hotel in Myrtle Beach South Carolina (likely where he lives) and he drives a BMW X6 https://www.youtube.com/watch?v=xFkqSu4Gi3g

We currently have Nazi scientists studying Trevon James to determine if he's the missing link or not.

[Wekkel]

The 1 day chart develops a nice hammer at the bottom. Is this all that the sellers got?

....everything still looks ok on stamp, GDAX not so much...

I am indeed looking at Bitstamp.

[toknormal]

Close-up on the subject of my previous post.

Explains why sub-$10k dips are being bought. They are so close to the longer term mean trendline.

[gembitz]

 

gembitz is posting again - does that mean we are about to back in a bull period?

gemz is baaaaack and im at the international gem show weee

[gembitz]

in other news

4chan tracked down Trevon James. He's in a hotel in Myrtle Beach South Carolina (likely where he lives) and he drives a BMW X6 https://www.youtube.com/watch?v=xFkqSu4Gi3g

We currently have Nazi scientists studying Trevon James to determine if he's the missing link or not.

X-files? :-D ha

[realr0ach]

The Jews on CucksFinex will obviously *attempt* to manipulate the market to preserve that trendline.  But there is the fact that last time there was a run on tethers - and in turn a flight to BTC - the market pumped hard and this time it's crashing instead.  So that's bearish and means people are dumping tether --> BTC --> fiat instead of staying in BTC.  Most BTC that is dumped for fiat is never used to buy BTC again, and thus requires more greater fools to keep the scheme running or the centralized miners and whales become perma bag holders.  

Whether the manipulators attempt to preserve that trendline or not is entirely determined by how many greater fools they believe exist, but we might have already seen the general public's rush to craptocurrency during the last runup and the only people left are those guys "who can't write a $500 check".

[toknormal]

Lets have a look at the RSI long range.

We are now at one of those lower peaks which followed all previous corrections in the last 2 years. So that would appear to raise 2 possibilities based on precedents:

1. it's an overheat-fan propellor type correction and will retrace back up the "spinner" to around 13,500 by mid February
2. if the 1-Week RSI really gets into the oversold zone then we could be in for another extended consolidation that may last at least the whole year