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

[ivomm]

What was happening in the last months is partly bacause of the bad news and partly a normal correction after the buying frenzy in December. Like any other asset (not only crypto, but in general) if you have 5 fold increase in 3 months you can expect 40-80% retrace because of the FUD coming after the FOMO.

Let's look at the eth chart for the last year and we will get a pretty clear picture what is happening and what will happen in near future, unless some pretty nasty news come out. In Jan 2017, eth was about 10-15$, in June it reached 450$, in July back to 150$. Now, everyone thought that this was a too high price that can't hold and so everyone sold. Of course the pundits claimed that the failed ico's are the reason. Anyway, gradually eth climbed back to 300, 400 and 6 months after the previous ATH it reached 1300$. Clearly, 900-1200$ is a sustainable price, although in July it looked like even 200$ is too much!

My point is that now everyone thinks 20k$ is not sustainable for BTC, but the truth is that IT IS! BTC WILL rise and reach new ATH's sooner than most expect. My pessimistic prediction is 30K at the end of 2018 and the optimistic is 50K! But, but, but... what if the bad news continue? Ok, what about  2019, 2020 (the next halvening)? Do you really, I mean REALLY believe that BTC will not return to at least 15K and prefer to sell at 8K?

[vroom]

Double bottom usually means the end of Bitcoin right?

Is there an address I can send my bitcoins due to it coming to an end?

1600 Pennsylvania Ave NW, Washington, DC 20500, USA

They will also be needing your precious metals, womenfolk and firstborn.

great, now we also have the secret service monitoring this thread for threats. he said firstborn not first bomb

[Arriemoller]

Universal Sickness Care - and it ain't exactly FREE.  Big Pharma do not want you healthy.  Dental is not covered, along with a lot else.  And good luck getting to see a doctor or specialist without a massive wait.  That's why people here go elsewhere if they can afford it.  Be your own Bank.  Be your own Doctor.  NOBODY else has your best interests at heart.

Dental isnt covered unfortunately but if you take care of your teeth you will be good.  Needing serious medical coverage is a much more random and expensive event than dental.

I saw a doctor yesterday.  Walked right into one of the many "walk-in clinics" scattered everywhere and within 10 minutes I was seeing one, for free.

The specialist I saw twice in 2017 wont fucking leave me alone, keeps calling me for follow ups.

Dont believe any of the BS they feed you south of the border.  There is a reason the rest of the developed world has universal healthcare: it works.  It isnt perfect but for the vast majority of people its the best solution.  If a Canadian desires they can obtain private healthcare, one can even go to the US and 80-90% of it is covered by insurance.

Private healthcare will always be more expensive then public. Simple economics, If you have a serious illness your demand for healthcare is indefinite, and the supply is pretty much fixed, so the price will basically be what you can afford to pay. That is, as much as they can possibly get you to pay.

[criptix]

There comes the leg down.

7000 anyone?
Or even a flash crash to 6000?

[d_eddie]

My point is that now everyone thinks 20k$ is not sustainable for BTC, but the truth is that IT IS! BTC WILL rise and reach new ATH's sooner than most expect. My pessimistic prediction is 30K at the end of 2018 and the optimistic is 50K! But, but, but... what if the bad news continue?

IF? You say IF? I guess you've been in this long enough to know that FUD never sleeps  

Ok, what about 2018, 2019, 2020 (the next halvening)? Do you really, I mean REALLY believe that BTC will not return to at least 15K and prefer to sell at 8K?

Indeed, bad news or FUD or whatever. Honey badger don't care.

[El duderino_]

What was happening in the last months is partly bacause of the bad news and partly a normal correction after the buying frenzy in December. Like any other asset (not only crypto, but in general) if you have 5 fold increase in 3 months you can expect 40-80% retrace because of the FUD coming after the FOMO.

Let's look at the eth chart for the last year and we will get a pretty clear picture what is happening and what will happen in near future, unless some pretty nasty news come out. In Jan 2017, eth was about 10-15$, in June it reached 450$, in July back to 150$. Now, everyone thought that this was a too high price that can't hold and so everyone sold. Of course the pundits claimed that the failed ico's are the reason. Anyway, gradually eth climbed back to 300, 400 and 6 months after the previous ATH it reached 1300$. Clearly, 900-1200$ is a sustainable price, although in July it looked like even 200$ is too much!

My point is that now everyone thinks 20k$ is not sustainable for BTC, but the truth is that IT IS! BTC WILL rise and reach new ATH's sooner than most expect. My pessimistic prediction is 30K at the end of 2018 and the optimistic is 50K! But, but, but... what if the bad news continue? Ok, what about  2019, 2020 (the next halvening)? Do you really, I mean REALLY believe that BTC will not return to at least 15K and prefer to sell at 8K?

Very clear talking , same thinking over here also don’t look allways to all those charts most of it is Just hibrish and dreaming of finding patterns, market Just changing allways new players new peoples showing intrest wanting to been involved for the long term allways new strong hodler hands getting in .... more and more young peoples showing intrest getting tired of bank and fiat currency its Just not there time anymore they “we” like iT more digital + decentralized + quick + safer than ever and So much more ..... really what do we want more offcourse every new technology Will be tested from all diffrent places but there allways have to be those that where first an as i believe we are all by the very first that are involved on BtC
Proud to be here with all of you cheers

[Lincoln6Echo]

There comes the leg down.

7000 anyone?
Or even a flash crash to 6000?

yes, if you look at the 6 month chart there is room for 6000$ again imho.

[jojo69]

Bitcoin has scaling problems because it has scale.

BANG!!

[wayna]

After all I was right... jeez, I bought at a higher price.

Fortunately, in the crypto world this is not that bad, in a hodl perspecrive

[El duderino_]

After all I was right... jeez, I bought at a higher price.

Fortunately, in the crypto world this is not that bad, in a hodl perspecrive

True if you go from 1-2-3-4-5-6-7-8-9-10....k to unknown infinity it does not matter.....

[Lopumbo]

ok,ok i'm repeatin' myself, but could you please buy the dip, because...hm...last time cheap coinz, you know

[JayJuanGee]

During this time I dreamt of many things that later came true. First I dreamt of the huge 30K bearwhale wall. Then I dreamt of a drop to the 100s. Then I dreamt of a rally above 4K.

Did your dreams see this pie in your face?

Selection and interpretation of dreams is open to so much bias that one should be extremely reluctant to declare precognition.

I did not declare any precognition. In fact there were errors in the dreams. Bearwhale was dreamed at $400 when he was really at $300, and the rally was only dreamed to $4K when it really went to $20K. Trust me I used to train in psionics and know all about how to validate precog statistically.

Oh gawd, Tera.

First you come up with this ridiculous supposed dream scenario, and then you have the balls (I mean figurative) to attempt to defend your nonsense even further.   

[JayJuanGee]

I went on a weekend vacation and I missed a hundred pages (give or take a few dozen). And my coins are in the red still. So nothing new. Still double digits. Going to get interesting this month.

How could you be "in the red"?  Do you mean red since ATH or red overall? Any of us who have been in more than a year, should be considerably in the black unless we made some decent sized mistakes.  Remember last year, we had a dip into the the $800s around this time?

[jojo69]

this sucks

[ccminer.net]

I'm afraid that we are going to experience a new long and bloody week
Really hope to be wrong!!

[xhomerx10]

I'm afraid that we are going to experience a new long and bloody week
Really hope to be wrong!!

[milkshock100]

You’d hope to get some respite on a Sunday

[Dakustaking76]

Damn what a bloody months/days we have....
When Will it stop?  

[Last of the V8s]

[jojo69]