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

[Searing]

I figure it will take 2 years to get back to $18k prices with BTC.

I hope (and somewhat rationally think) it will take less.

I hope you are correct. I am basing my view on 2013 onward.....there was more than a bit of time where BTC and Crypto just

loved, sideways in price. Thus consolidation, for the next parabolic pump. Or so I really, really hope! (It is how cypto rolls, IMHO).

I do hope I'm dead wrong!

[1714222395]

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[1714222395]

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[El duderino_]

http://forklog.net/so-have-we-got-tet

.....
Yeah, but this is bitcoin land. (i.e. Forget it Jake, it's China Town!)  https://www.youtube.com/watch?v=9cWnubJ9CEw

So, the PERCEPTION that Tether was playing games, wether it pumped the market or not, reafirms the underlying fear (FUD) that

bitcoin is a large ponzi or at least a large bubble, in the non-crypto universe...thus just another example to hang FUD on by the powers

that be ..that crypto is  a 'tulip illusion'. In other words, it is more about feelings/FUD than any facts after the point. Any panic, usually after

the fact is usually overblown and preventable.....so, finding out tether did not pump bitcoin at this point don't matter, the damage is done.

The more these things happen, (Gox,Paycoin,BFL,Tether,etc) the more stuff to hang all the FUD on. Rinse,Wash,Repeat.

I figure it will take 2 years to get back to $18k prices with BTC. As FUD goes, IF as the article above states, this blaming Tether, it was very effective!

2 years....?? Than you kind of predict who i Will be paying .25btc on the other hand don’t wanna put my list So much on the threat anymore So maybe let us keep it @ two months for new heights or maybe sooner but offcourse only time Will tell

[Searing]

http://forklog.net/so-have-we-got-tet

.....
Yeah, but this is bitcoin land. (i.e. Forget it Jake, it's China Town!)  https://www.youtube.com/watch?v=9cWnubJ9CEw

So, the PERCEPTION that Tether was playing games, wether it pumped the market or not, reafirms the underlying fear (FUD) that

bitcoin is a large ponzi or at least a large bubble, in the non-crypto universe...thus just another example to hang FUD on by the powers

that be ..that crypto is  a 'tulip illusion'. In other words, it is more about feelings/FUD than any facts after the point. Any panic, usually after

the fact is usually overblown and preventable.....so, finding out tether did not pump bitcoin at this point don't matter, the damage is done.

The more these things happen, (Gox,Paycoin,BFL,Tether,etc) the more stuff to hang all the FUD on. Rinse,Wash,Repeat.

I figure it will take 2 years to get back to $18k prices with BTC. As FUD goes, IF as the article above states, this blaming Tether, it was very effective!

2 years....?? Than you kind of predict who i Will be paying .25btc on the other hand don’t wanna put my list So much on the threat anymore So maybe let us keep it @ two months for new heights or maybe sooner but offcourse only time Will tell

Again hope you are correct. Going by being in this and the previous times Bitcoin and Crypto, just loved that old sideways price .....THEN goes parabolic.

Seems kinda to come/go in waves. But again, I will happily eat crow 2 weeks from now and hope you are correct! (sorry scar tissue since 2013)

[AlexGR]

http://forklog.net/so-have-we-got-tethered/

No shit... BTC at its ATH hit >330bn marketcap. You can't do that with 2bn tethers (<0.7%).

[Last of the V8s]

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.

[d_eddie]

http://forklog.net/so-have-we-got-tethered/

No shit... BTC at its ATH hit >330bn marketcap. You can't do that with 2bn tethers (<0.7%).

But market cap is not a terribly useful metric, when it's just obtained by multiplying the current price by the actual float - which is usually smaller by several orders of magnitude. In this sense, you can sway a 100bn "marketcap" by moving maybe just 0.5% of it, if the coins that are actually being traded are not too many.

I might be wrong in my understanding of this market cap issue, of course. An elaboration or explanation will be welcome.

[Arriemoller]

I think Tera would be one of the safer ones with firearms in this thread.

And JJG would be one of the worst.

[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?