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

[Last of the V8s]

1 btc still worth 1 btc

Except it's not. Tainting is hugely prevalent now.

Newly mined coins go for a premium.
 
etc. etc.

This is what they teach you in fluffygarten?
You're being lied to.

[realr0ach]

If I can increase my wealth with the BTC I hodl that would be great. I could wait till 2020, 2025 or even 2030. I don't care so much.
If I can't and it's worth less than when I bought in that's ok too.

[Last of the V8s]

https://www.bitcoinabc.org/bitcoin-abc-medium-term-development

bcrash will fork again. and again.

[JayJuanGee]

So if we rhyme with 2014 we go to $7k in next two weeks, have a quick rally to 11.5-12k before going back into bear mode and closing the year around $2.5k, from there recovery can begin with potential for New ATH in late 2020. Same multiple increase from 1/15 low to 12/17 high. Would give us a circa $320k high in 12/21 (EDIT). See you all in three years.

We have quite a different set of scenarios than we had in 2014 - so it is a bit more difficult to suggest that currently we are on the path of  BTC price performance that is analogous to 2014... you could be correct, but I don't think that the 2014 scenario quite applies to our current BTC situation   

A more likely scenario that I could see would be that we are in a kind of 2013 scenario, where the first rise in BTC prices is followed by a drop and then another rise in BTC prices.  Accordingly, we have achieved our first BTC price rise when prices went from $250 to $19,666.   Yet, these kind of analogies do not quite apply with any kind of exactness, so perhaps we would need to project our bouncing upwards point as starting at either $1k in early 2017 or more likely $2,600 starting off in August 2017, because I cannot see reasonable scenarios, in this particular seemingly ongoing Bull market that BTC prices are going below $5k (before we go back up), except perhaps a spike below $5k.  If we end up going below $5k for any kind of substantial time (other than a spike), then certainly my tune  (and assessment) would change, and I would thereafter consider that we are actually in a bear market as you suggest - but we cannot call a bear market merely because we are in about a 6 week price correction.. that is way too premature, even if you end up being correct about the ultimate playing out of the situation.

I will agree with you that if we substantially break $5k this time around, then $2.5k would likely be a next area of support and at that point, we would be in a bear market that is potentially extended out, like the one in 2014.  In this case, I think that the more likely scenario is a floor that is $7 or $8k, and perhaps a spike down to $5k or $6k, and we would still remain in a bull market with a decently long price correction. 

It does seem that a decent amount of support has been broken in the $10k territory, yet I still consider there is going to continue to be support for buying in the 4 digits, so if the price goes down, it is going to have to be on continued and ongoing volume and there is going to continue to be decent levels of support that continues all the way down to $7500.

[BitcoinBunny]

If I can increase my wealth with the BTC I hodl that would be great. I could wait till 2020, 2025 or even 2030. I don't care so much.
If I can't and it's worth less than when I bought in that's ok too.

Perhaps I have seen more important things to worry about than money than you have. But keep shoving that silver and gold up your ass and hating on Jews and see how far that gets you. Doubt anyone will remember you more than me or anyone else on this forum in 100-200 years time.

[johnalan]

1 btc still worth 1 btc

Except it's not. Tainting is hugely prevalent now.

Newly mined coins go for a premium.
 
etc. etc.

This is what they teach you in fluffygarten?
You're being lied to.

I hold XMR and BTC. All else is shit.

I have had coins rejected from exchanges. The problem is real. I don’t mind if you disagree.

Also Spagni is a BTC maximalist.

[Last of the V8s]

1 btc still worth 1 btc

Except it's not. Tainting is hugely prevalent now.

Newly mined coins go for a premium.
 
etc. etc.

This is what they teach you in fluffygarten?
You're being lied to.

I hold XMR and BTC. All else is shit.

I have had coins rejected from exchanges. The problem is real. I don’t mind if you disagree.

Also Spagni is a BTC maximalist.

Your exchanges and your own opsec are shit so you blame btc.

[fabiorem]

I have had coins rejected from exchanges.

How a exchange would reject coins? Its all automatic.

And most coins in circulation were used in the dark web at least one time. We all know about it.

[toknormal]

I hold XMR and BTC. All else is shit.

I have had coins rejected from exchanges. The problem is real. I don’t mind if you disagree.

Did it never occur to you that holding XMR to avoid "tainted coins" is a bit like holding water to avoid sinking ?
 

[realr0ach]

If I can increase my wealth with the BTC I hodl that would be great. I could wait till 2020, 2025 or even 2030. I don't care so much.
If I can't and it's worth less than when I bought in that's ok too.

Perhaps I have seen more important things to worry about than money than you have. But keep shoving that silver and gold up your ass and hating on Jews and see how far that gets you. Doubt anyone will remember you more than me or anyone else on this forum in 100-200 years time.

[jojo69]

[JayJuanGee]

It's a propellor overheat correction.

It'll hit around 8500 to 9000 and then start to work it's way back up to the spinner at around $13800 over a period of 3-4 weeks.

Are you related to Tera Bera?  You are all over the place with your separate posts predicting seemingly contradicting scenarios.

[JayJuanGee]

Can someone explain Why are we again falling down?
Is it beceause of the fud? Panic?

What fud came out? Ore there ja Just a big sell wall??

Bernie Madoff explained it in his last words when they were hauling him away:  "The whole system is one big Ponzi".

Hahahahahahaha...

Did he really say that, or did you just watch that rendition in some fictional re-enactment?

[Ludwig Von]

So if we rhyme with 2014 we go to $7k in next two weeks, have a quick rally to 11.5-12k before going back into bear mode and closing the year around $2.5k, from there recovery can begin with potential for New ATH in late 2020. Same multiple increase from 1/15 low to 12/17 high. Would give us a circa $320k high in 12/21 (EDIT). See you all in three years.

We have quite a different set of scenarios than we had in 2014 - so it is a bit more difficult to suggest that currently we are on the path of  BTC price performance that is analogous to 2014... you could be correct, but I don't think that the 2014 scenario quite applies to our current BTC situation   

A more likely scenario that I could see would be that we are in a kind of 2013 scenario, where the first rise in BTC prices is followed by a drop and then another rise in BTC prices.  Accordingly, we have achieved our first BTC price rise when prices went from $250 to $19,666.   Yet, these kind of analogies do not quite apply with any kind of exactness, so perhaps we would need to project our bouncing upwards point as starting at either $1k in early 2017 or more likely $2,600 starting off in August 2017, because I cannot see reasonable scenarios, in this particular seemingly ongoing Bull market that BTC prices are going below $5k (before we go back up), except perhaps a spike below $5k.  If we end up going below $5k for any kind of substantial time (other than a spike), then certainly my tune  (and assessment) would change, and I would thereafter consider that we are actually in a bear market as you suggest - but we cannot call a bear market merely because we are in about a 6 week price correction.. that is way too premature, even if you end up being correct about the ultimate playing out of the situation.

I will agree with you that if we substantially break $5k this time around, then $2.5k would likely be a next area of support and at that point, we would be in a bear market that is potentially extended out, like the one in 2014.  In this case, I think that the more likely scenario is a floor that is $7 or $8k, and perhaps a spike down to $5k or $6k, and we would still remain in a bull market with a decently long price correction. 

It does seem that a decent amount of support has been broken in the $10k territory, yet I still consider there is going to continue to be support for buying in the 4 digits, so if the price goes down, it is going to have to be on continued and ongoing volume and there is going to continue to be decent levels of support that continues all the way down to $7500.

The 8500-7500 USD floor is what also ML seems to think. And I am also going from that as a premisse.

[realr0ach]

JayJuanGee, it was all over at this moment.  You shoulda just set all your money on fire the second this happened:

[Lopumbo]

*boom*

[Nosk]

Who the f.ck is selling sub 9k Oo
Makes no sense to me

[SidETH]

Who the f.ck is selling sub 9k Oo
Makes no sense to me

Why not? Makes me feel more comfortable. Bought initially at 2k, sell at 9k. See it dip to 5k. Go all-in again. See rise to 20k.
Should have sold at 20k, but ah well. Win some, lose some.

[Last of the V8s]

[realr0ach]

*boom*

ALL exchanges crumbling with no buy support yet SCAMFINEX IS STILL conjuring infinite money out of thin air to put up big walls.  I see nobody wants to address this issue at all, that the most shady exchange in bitcoin that exists magically has infinite amounts of money originating from a single trader.  How obvious is Bitfinex going to make this scam?