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

[egyptian magician]

On a positive note, one bitcoin is still one bitcoin.

[ChinkyEyes]

Finally some carnage.  This is starting to look like a "real bitcoin crash"^TM.  But don't worry; this is not the end of Bitcoin.  Even if we fall to $3,000, this is not the end.  Bitcoin has survived 3 previous crashes of magnitudes 15x, 5x, and 6x; this crash has cut the price by a factor of only 3x -- tame in comparison.  

Bitcoin is a virus.  The reason we won't fall back to where we came from at $1,000 is because we've infected so many new people -- our base of "hodlers" in now larger than ever. Also remember that bitcoin has just received more global attention than at any other time in history.  We now have another opportunity to get some real work done on adoption, usage and on-boarding new people, as we build a pad for the next launch.  

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

I agree. Cryptos are here to stay. HODL and enjoy the ride.

I agree and I would like to add that the base of "hodlers" will only continue to grow. We are getting closer and closer to adoption. If we look at the adoption life cycle and judging by the kinds of people who have gotten into crypto recently, I think we are passed the early adopters and are now at the early majority stage.

On different note I would like to add, we all hope that the price of Bitcoin rises and we become more wealthier than we currently are, but to become more wealthier we need to endure some hardships first. This is one of them. You cannot get rich quickly unless you win the lottery and most people blow their winnings within a few years. It is better for your own self worthiness that you earn this opportunity, by
enduring the hardship that way you feel more rewarded when Bitcoin rises again.

Think about it this way, future generations will be using this kind of technology, but far more advanced than it is now. They will take Bitcoin and blockchain for granted, just like most kids today take the internet or mobile cellphones for granted.

Think longterm not shortterm.

[josephpogi]

This message came from darkwebforum. Dont know but its possible:

From the 15th January’ 2018, there have been rumors from forums in the dark web about a possibility of a slump, down to $6000 by February 1st week before prices return to the original consolidation stage at $14K by March 2nd week.

On January 5th, when Bitcoin prices were at $17,000, at a dark web forum which can be accessed through any anonymous browser (like Tor), a forum member by the name Cyberjourno, says: “Guys, there are big players in play, big institutional players who want to bring the price down to $7000, I know it seems impossible now but these guys handle the media and know how to control the market. For the coming couple of months, guys, stay safe, don’t be scared. Brace for FUD FUD FUD!”

On Jan 5th there were two other comments on multiple forums in the Russian and South Korean social sites that suggested a bigger market manipulation in play. Interpreted and translated versions of the comments read: “Waiting for US, South Korea, Indian and Thai markets to break negative stories by February, prices to stoop back to $5000. Big market players waiting to invest millions in Bitcoin and smaller crypto counterparts. It’s easy to guess, find the common corporate entity that controls media houses in these countries. Make your connection”

[HairyMaclairy]

fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ...

really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you.

Finally some carnage.  

blah blah blah

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

...what is your objection? Not to the person, that's just childish, but to what he says?

I believe the objection is how he deliberately misleads newcomers for his own profit.

In this particular case?

I think a long history of misleading and deceptive conduct is sufficient. We all know he is paid in Bcash.  I don’t think we need to discuss the technical aspects of big blocks at this juncture - we are both well versed in the issues.  Watching the charts is far more interesting.  Particularly if the end result is Bcash becomes a penny coin.

[Nosk]

Well, let's go long on bitcoin. Wish me luck guys.

Good night everybody.

[RoomBot]

Finally some carnage.  This is starting to look like a "real bitcoin crash"^TM.  But don't worry; this is not the end of Bitcoin.  Even if we fall to $3,000, this is not the end.  Bitcoin has survived 3 previous crashes of magnitudes 15x, 5x, and 6x; this crash has cut the price by a factor of only 3x -- tame in comparison.  

Bitcoin is a virus.  The reason we won't fall back to where we came from at $1,000 is because we've infected so many new people -- our base of "hodlers" in now larger than ever. Also remember that bitcoin has just received more global attention than at any other time in history.  We now have another opportunity to get some real work done on adoption, usage and on-boarding new people, as we build a pad for the next launch.  

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

 

And BTC is math folks, it can never be destroyed.

It is much more than an investment tool FFS.

and now Honey Badger would like a little meme with all of you:



Coinbase just announced, "Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase.

SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks."

Does that help?   

[aerbax]

Let's all just go to the Winchester, have a nice cold pint, and wait for all of this to blow over. How's that for a slice of fried gold?

[Searing]

I am still in HODL mode. (stubborn skills that I seem have down, in spades).



But the last year BTC chart looks almost exactly like the doom/gloom bubble chart below we are all familiar with... (click on 1 year BTC link below and compare)


I'm





but I am struck by the 1-year chart for BTC and how it almost exactly looks like the above image of doom on this page



(sorry link only...but click on it, they almost look identical)



https://www.worldcoinindex.com/coin/bitcoin


my only real hope on this is they say it is a 'cycle' thus it can come back and repeat if BTC and crypto revives....which is my long-term

(and likely risky) bet....otherwise I shall be known as a 'former crypto tulip farmer'

[Peter R]

fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ...

really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you.

Finally some carnage.  

blah blah blah

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

...what is your objection? Not to the person, that's just childish, but to what he says?

Marcus is coming to terms with the fact that the Blockstream/Core narrative is collapsing.  He's realizing that Bitcoin cannot succeed as only a "store of value"^TM or as muh "digital gold"^TM on its own -- instead, it needs to be used.  He's invested a lot into attacking people like me who have been doing the scalability research to grow bitcoin into a world-wide electronic cash system.  He sees his narrative coming unglued and so he lashes out.  

Marcus: have you noticed that the engineers of Blockstream are leaving?  Check out the latest Coindesk articles.  

Bitcoin will succeed, and it will succeed as a global e-cash system that is as useful to people making $2 per day as it is to people making $2,000 per day.  The Blockstream/Core "settlement layer" will end with this crash.

[HairyMaclairy]

I take it Peter is now referring to Bcash as the one true Bitcoin.  True to form.  

As a further example of being deceptive, Gmaxwell left Core to do deeper protocol work on Bitcoin.  If anything Gmaxwell is putting more direct effort into Bitcoin. 

[infofront]

I was obviously a bit too optimistic when refreshing the poll a few days ago.

In other news, it sounds like even Masterluc doesn't know WTF the bottom will be:

I really do not know where to fall further. There's a wild support. Weekly MA20, daytime MA200, Fibonacci retracement of 61.8% of all annual growth, historical trend lines ... In general, all this should bounce off. When drains allow ...

Here to you and nashdachnye traders. The reverse side of the ETF is yours. Let them do it .... I expected a general decrease in volatility when all this was beginning to be predicted. And it is - that's what it is Mihalych.

[Biodom]

This message came from darkwebforum. Dont know but its possible:

From the 15th January’ 2018, there have been rumors from forums in the dark web about a possibility of a slump, down to $6000 by February 1st week before prices return to the original consolidation stage at $14K by March 2nd week.

On January 5th, when Bitcoin prices were at $17,000, at a dark web forum which can be accessed through any anonymous browser (like Tor), a forum member by the name Cyberjourno, says: “Guys, there are big players in play, big institutional players who want to bring the price down to $7000, I know it seems impossible now but these guys handle the media and know how to control the market. For the coming couple of months, guys, stay safe, don’t be scared. Brace for FUD FUD FUD!”

On Jan 5th there were two other comments on multiple forums in the Russian and South Korean social sites that suggested a bigger market manipulation in play. Interpreted and translated versions of the comments read: “Waiting for US, South Korea, Indian and Thai markets to break negative stories by February, prices to stoop back to $5000. Big market players waiting to invest millions in Bitcoin and smaller crypto counterparts. It’s easy to guess, find the common corporate entity that controls media houses in these countries. Make your connection”

yeah, making 60K from 20K is boring, but making 70-80% from 20K to 6K, THEN making 10X from there is cooler from their perspective.

[gentlemand]

But the last year BTC chart looks almost exactly like the doom/gloom bubble chart below we are all familiar with... (click on 1 year BTC link below and compare)

Much as I'm utterly bored of that chart, the parallels are there. Looks like we're shortly to enter despair.

It's pretty mind boggling how repetitive these moves are, or perhaps it isn't. It's human psychology that shapes these things and that doesn't change.

[El duderino_]

Well, let's go long on bitcoin. Wish me luck guys.

Good night everybody.

GL on youre journey.... i Just stick with hodling and try to make more btc with buying a dip now and then or When somebody needs Some cash around me.....

[infofront]

But the last year BTC chart looks almost exactly like the doom/gloom bubble chart below we are all familiar with... (click on 1 year BTC link below and compare)

Much as I'm utterly bored of that chart, the parallels are there. Looks like we're shortly to enter despair.

It's pretty mind boggling how repetitive these moves are, or perhaps it isn't. It's human psychology that shapes these things and that doesn't change.

Real despair overshoots the mean. So that puts us at what, about $3,000?

[Biodom]

Marcus is coming to terms with the fact that the Blockstream/Core narrative is collapsing.  He's realizing that Bitcoin cannot succeed as only a "store of value"^TM or as muh "digital gold"^TM on its own -- instead, it needs to be used.  He's invested a lot into attacking people like me who have been doing the scalability research to grow bitcoin into a world-wide electronic cash system.  He sees his narrative coming unglued and so he lashes out.  

Marcus: have you noticed that the engineers of Blockstream are leaving?  Check out the latest Coindesk articles.  

Bitcoin will succeed, and it will succeed as a global e-cash system that is as useful to people making $2 per day as it is to people making $2,000 per day.  The Blockstream/Core "settlement layer" will end with this crash.

LOL Your stuff is less than a thou now, will probably approximate zero at some point.
Your buddy jihan would have to charge infinite number of bch for his hardware he he.
Who cares about bch when you have the same block time.
Basically, nobody or close to it.

[Peter R]

I take it Peter is now referring to Bcash as the one true Bitcoin.  True to form.

No.  You take BTC as "the one true bitcoin."  As for me, I say that I don't know.  Maybe BTC will remain dominant; but maybe BCH with its greater block size limit will overtake it.  Or maybe a new branch will prevail.  It doesn't matter to me because Bitcoin is the sum of its forks and I hold them all.  

[gentlemand]

Real despair overshoots the mean. So that puts us at what, about $3,000?

I wouldnae be surprised with lower. Right now anything feels possible. But it won't be this fast. That feels too convenient to me and right now Bitcoin's customer service sucks clinkers.

[Searing]

But the last year BTC chart looks almost exactly like the doom/gloom bubble chart below we are all familiar with... (click on 1 year BTC link below and compare)

Much as I'm utterly bored of that chart, the parallels are there. Looks like we're shortly to enter despair.

It's pretty mind boggling how repetitive these moves are, or perhaps it isn't. It's human psychology that shapes these things and that doesn't change.

Real despair overshoots the mean. So that puts us at what, about $3,000?

that is my fear....or if you go by the old bubble chart of despair....that would be the bottom...more or less.....

so much for BTC being a store of value....maybe it will bounce back some..but who wants a store of value yo/yo that gives you a heart attack every 4 months

[Searing]

Marcus is coming to terms with the fact that the Blockstream/Core narrative is collapsing.  He's realizing that Bitcoin cannot succeed as only a "store of value"^TM or as muh "digital gold"^TM on its own -- instead, it needs to be used.  He's invested a lot into attacking people like me who have been doing the scalability research to grow bitcoin into a world-wide electronic cash system.  He sees his narrative coming unglued and so he lashes out.  

Marcus: have you noticed that the engineers of Blockstream are leaving?  Check out the latest Coindesk articles.  

Bitcoin will succeed, and it will succeed as a global e-cash system that is as useful to people making $2 per day as it is to people making $2,000 per day.  The Blockstream/Core "settlement layer" will end with this crash.

LOL Your stuff is less than a thou now, will probably approximate zero at some point.
Your buddy jihan would have to charge infinite number of bch for his hardware he he.
Who cares about bch when you have the same block time.
Basically, nobody or close to it.

Bitmain made 2.3 billion last year..I don't think he has it all in BCH and will be hurt in any way.....sad though I find that to be...