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Question: Oct. 23 Closing Price:
<$8,000 - 2 (3%)
$8,000-$8,500 - 0 (0%)
$8,500-$9,000 - 0 (0%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 0 (0%)
$10,000-$10,500 - 1 (1.5%)
$10,500-$11,000 - 0 (0%)
$11,000-$11,500 - 3 (4.5%)
$11,500-$12,000 - 5 (7.6%)
$12,000-$12,500 - 16 (24.2%)
$12,500-$13,000 - 12 (18.2%)
$13,000-$13,500 - 8 (12.1%)
$13,500-$14,000 - 5 (7.6%)
>$14,000 - 14 (21.2%)
Total Voters: 66

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23402748 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
El duderino_
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February 01, 2018, 02:37:56 AM

This constant downward compression we've had since 1/17 really feels like an attempt to wring out every last bit of weak hands.

Mission accomplished?

I would think , they that really cannot handle the pressure are out off most of there money is out for the rest more and more starting too know how the market works or trying to believe “ i know iT Will go up because iT allways do” offcourse Many of them bought in lately or even @ +12-13-14k.... and Just really don’t know what BTC is or the market or anything but Just got in by friends like i have with a few of my friends .... and they Just want to act strong “i know it Will go up again” but meanwhile sending textmessages like whats happening you know something... blabla i Just say keep hodling..... they say offcourse price Will go up for sure.... then i ask Why do you think that?? And again they say because iT allways does while they really don’t know anything about iT , but for these peoples that or still here and even losing money now i think they Will stay on BTC because they seen friends making money and want the same thing and are losing know and Just think WTF there’s No way back anymore ( offcourse those friends like these are smaller investors trying to get rich ).  But for what its word i think the really weak and scared should been out most of them not??

I see this too. Even in myself as I am also a "late investor".  I started watching and learning about bitcoin early 2017 then finally started buying in mid 2017.  That being said, I am a believer and a hodler now. I continue to learn and read up but, still consider myself a noobie. I think there are lots of others just like me. I think the believer and hodler foundation of bitcoin was greatly added to in 2017.

I think same that more and more believers and hodlers are adding the BTC community.... i’m Just very lucky on the way i Got in.... i’m Bit of a poker player and i had Some winnings payed in BTC the Guy that payed me is a very early BTC adopter and very bullish Guy understanding the technical very good having a business in cryptoworld and everything.... So i know for sure if i didn’t win that time @poker i would’t not beeing in BTC .... So i thank Him very much he’s also becomed one of my better friends ... helling me a lot with crypto learning me every day more and more ... helping me allways don’t looke at the price Just buy and hodl
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Arriemoller
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February 01, 2018, 02:43:40 AM

Buckle up

-snip-

No shill quotes please..

And even if you were not quoting that sociopath's rag..so what?  How is this good news?  Some local court ruling that bitcoin has value. Surprise..

I wonder what great significance this piece of news might have. Is there any need for a Korean court to rule bitcoin has economic value and can be confiscated, so the proceeds go to finance state budget?

The Feds confiscated and sold Ulbricht's Silk Road coin and happily auctioned them without all that fuss.

I don't get it, the guy posts a bullish news article at a time when there is very little good news surrounding bitcoin (mostly just FUD) and you shit all over him? Who gives a shit if it's on that website? I doubt roger himself wrote the article (hint: he didn't). What's the guy shilling, Korean news? Lol.

How many governments have officially come out and said that bitcoin is recognized as having actual, real world value - not banning crypto currencies, or saying crypto is only used by criminals, etc. - especially in one of the biggest crypto markets in the world?

Did you guys lackadaisically brush off when Japan made BTC a legal currency? Or when Overstock.com said they were going to accept BTC, were you guys like, "whoopdi fuckin' doo, we all know it's got value, congrats company for figuring out what we already know"? No, we were all happy it was being adopted by a well known company where we could buy real things with our bitcoin.

Totally agree with you. 1 sMerit sent
jojo69
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February 01, 2018, 02:52:09 AM
Merited by El duderino_ (1)

Quote
helping me allways don’t looke at the price Just buy and hodl

amen
Arriemoller
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February 01, 2018, 02:56:22 AM

Is this going to be a good alternative to Tether?

https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency
snipped
In the short term we need a safe haven from Crypto, having a gold backed currency would be better than a fiat backed currency.
Any backed currency requires a trusted party and having a permissioned block chain is irrelevant as you need to trust 100% the people who are storing the backing.

I think a gold backed currency from the UK Royal Mint is going to be more trust worthy than Tether.
I'm not suggesting this is as a replacement for Bitcoin or other Crypto currencys, but it is a mechanism for holding stable value loosely pegged to fiat.

Please, less of the 'we'.
I'm just against any of it, on principle.

Gold is an excellent store of value. I read somewhere that a cow in ancient Rome, medieval Europe and today cost the same in gold.
A gold pegged crypto listed on the exchanges would be perfect for parking money while chasing pumps in the alts market.
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February 01, 2018, 03:10:37 AM

Is this going to be a good alternative to Tether?

https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrency
snipped
In the short term we need a safe haven from Crypto, having a gold backed currency would be better than a fiat backed currency.
Any backed currency requires a trusted party and having a permissioned block chain is irrelevant as you need to trust 100% the people who are storing the backing.

I think a gold backed currency from the UK Royal Mint is going to be more trust worthy than Tether.
I'm not suggesting this is as a replacement for Bitcoin or other Crypto currencys, but it is a mechanism for holding stable value loosely pegged to fiat.

Please, less of the 'we'.
I'm just against any of it, on principle.

Gold is an excellent store of value. I read somewhere that a cow in ancient Rome, medieval Europe and today cost the same in gold.
A gold pegged crypto listed on the exchanges would be perfect for parking money while chasing pumps in the alts market.

I would gladly hold some gold-pegged crypto as a hedge. Nice addition to a diversified portfolio but only if It is really pegged and completely safe, trusted and guaranteed. Otherwise holding gold would be a wiser choice considering you don't look for ROI there but safety and stability.

Also, I wonder how they could do a perfect stable peg... If some entity is to store the physical gold for the peg... wouldn't it need to charge some storage costs + profit? How much would that be?

Unless they go full fractional.... and then we are talking about something completely different to really (virtually) holding gold.
jojo69
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February 01, 2018, 03:29:02 AM

Gold is an excellent store of value. I read somewhere that a cow in ancient Rome, medieval Europe and today cost the same in gold.
A gold pegged crypto listed on the exchanges would be perfect for parking money while chasing pumps in the alts market.

in theory it sounds great

in reality they will be unbacked goldtethers...just like the current paper gold market...no thanks
Arriemoller
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February 01, 2018, 03:31:39 AM

Gold is an excellent store of value. I read somewhere that a cow in ancient Rome, medieval Europe and today cost the same in gold.
A gold pegged crypto listed on the exchanges would be perfect for parking money while chasing pumps in the alts market.

in theory it sounds great

in reality they will be unbacked goldtethers...just like the current paper gold market...no thanks

How do you know that, A link to your source perhaps.
jojo69
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February 01, 2018, 03:34:41 AM


How do you know that

because trusting someone to hold your gold is pretty much exactly like trusting them to hold your private keys
Arriemoller
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February 01, 2018, 03:38:18 AM

So, you just pull a statement from your ass and present it as a fact, what a surprise.
jojo69
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February 01, 2018, 03:42:49 AM

fine

invest in your "fully backed"  non tungsten, non rehypothecated gold crypto, knock yourself out

I choose trustless investments
Arriemoller
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February 01, 2018, 03:45:14 AM

A more humble person would have presented that as an opinion, not a fact.

Writing for example, "in my opinion they will be unbacked goldtethers...just like the current paper gold market...no thanks"

Or "I believe that in reality they will be unbacked goldtethers...just like the current paper gold market...no thanks"
jojo69
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February 01, 2018, 03:50:34 AM

Fair enough, though I do hold the probability for there to be shenanigans in, pretty much any, custodial precious metals arrangement to be very near metaphysical certitude.
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February 01, 2018, 03:55:44 AM

What did I win?!



2 Merits and 1 sMerit
Arriemoller
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February 01, 2018, 04:05:28 AM

Fair enough, though I do hold the probability for there to be shenanigans in, pretty much any, custodial precious metals arrangement to be very near metaphysical certitude.

Well, I don't disagree with you on that. But you never know for sure, and hope springs eternal.
jojo69
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February 01, 2018, 04:06:45 AM

Would be nice, wouldn't it?
Rosewater Foundation
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February 01, 2018, 04:08:04 AM

I had hope once..
jojo69
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February 01, 2018, 04:08:48 AM

look what the cat dragged in
Arriemoller
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February 01, 2018, 04:09:37 AM

Would be nice, wouldn't it?

It sure would.
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February 01, 2018, 04:11:45 AM

Fair enough, though I do hold the probability for there to be shenanigans in, pretty much any, custodial precious metals arrangement to be very near metaphysical certitude.

Well, I don't disagree with you on that. But you never know for sure, and hope springs eternal.

As does human nature, ensuring that it always ends the same.  Whoever is in charge of the money will eventually steal it.  Opinion, based on history.
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February 01, 2018, 04:12:23 AM

look what the cat dragged in

It's been a hard slog this. I'm trying to be cool. But holy moly. :'
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