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

[moneyForjam]

God I love beer.

beer is for 0m0s. Kings drink crushed bull/bear soul

[HairyMaclairy]

Looks like Petro sale was a fizzer and hasn’t raised a cent.

https://www.caracaschronicles.com/2018/02/22/petro-hasnt-raised-dime/

[orpington]

Never thought I'd be able to knock the books down hundreds of dollars with my measly stash. Sure, they're Canadian dollars, but still. Shit is grim.

Are you out? Partially? And... MARKET order?!?!

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

100% agreed.

I think major shakeout coming up, unfortunately.

Hopefully its for the best.

[JayJuanGee]

The earlier Finex get swatted and the happier I will be.
Until then, we are their bitches.

https://i.imgur.com/If1JKFPg.png

What the fuck you talking about with your bullshit nonsense?

What? I've got personally scammed by them when they got "hacked". Funny thing is that I had mostly USD on Finex at the time and the "theft" was of BTC, so they personally provided to steal two thirds of my USD themselves to make up for their "loss".

So fucking what? 

Can you get over your personal animosity and try to appreciate the whole situation more objectively.

I don't know what you are talking about 2/3 loss blah blah blah...

Whatever value was on Bitfinex at the time of the hack was socialized, and that was a 36% take from them and tokens were given that you could sell or end up holding for  about 7 months when they paid it all back... Yeah, sure it may have been a bit questionable, but it was also potentially innovative too... I had money on there too, at that time.

And don't get me started with scamtethers, their admission of insider trading and whatnot. If something happens with tethers or other shady dealings at Finex a panic of Goxing level may happen, not only for the possibly fictional 2 billions USDT.

Hasn't this FUD been beaten to death?  And, yeah right it is comparable to MTGOX, right.... 

But you are welcome keeping your holdings there, maybe think twice before covering their ass.

I thought that you were making a bitcoin system-wide problem and now your are turning it into some kind of personal bias issue...?  My main point is that you seem to be exaggerating the impact of one exchange, and you have little to no evidence or logic to be backing up your nonsensical exaggerated seemingly FUD spreading claims.

I was kicked off of Bitfinex more than half a year ago, because I have USA connections, so I do not have money there..... although I would still be using it, if they had not kicked me off of their platform.

Anyhow, my main point is that you are just spreading nonsense with your attempt to assert that Bitfinex has any kind of meaningful impact on the space as if bitcoin could not absorb whatever possible shenanigans they are playing, if they are.

[infofront]

The best case mid-term scenario might be a [successful] retest of the previous low.

[grn]

Ok question for the snowbirds. I know you're here. Is Quadrigacx above board? I have no reason to doubt they are, but I've never trusted them before with large amounts.

Above board yes but they have issues lately.

Cash Delivery takes about a week, 3 - 4 days before they send it and they will give you a tracking number that won't even ship for another two days. Like they think you'll be fooled by getting a tracking number.

Don't bother paying the extra fee for express bank transfer, it takes the same time as regular - 8 - 10 business days.

If you have an offshore account find another exchange (my current challenge) They will not send transfers to banks that use an intermediary.

Withdraw to visa is gone
Interac transfer is gone

Fees are high

[PoolMinor]

I am starting to get that weak hands feeling in my gut.

This can only mean one thing, It is time to buy, buy, buy!

[iCEBREAKER]

Not sure how relevant this is to anything, as I am only now 5 minutes in, but the guy makes fun of swedes and makes a case for chimps being smarter than the average human, so: https://www.youtube.com/watch?v=_tdzuHFwbBU

Google the IQ of Koko the Gorilla and then Google the average IQ in the Congo.

Today, I learned. 

[JayJuanGee]

Here we go again next stop 9k

Like I said, I'm buying drinks for the thread if we see it touch the $8k's again this year.

Too much resistance down to $9k.

I don't see it happening.

Beer-filled gut-bacteria tells me things will even out around $9.5k before resuming upward momentum.

Below 9,000$ is still possible, there are 2 scenarios I see on Bitcoin going down. The first scenario is Bitcoin will for a right shoulder with its lowest price at 9,200$, the 2nd scenario is 9,200$ is broken and it will continue to what people are calling the real 5th wave which is around the 4,500$ level. Right now I am just observing the prices as my money is still in Fiat so I am comfortable to what is happening to Bitcoin. Hopefully this will be the last dip of the year as I know a lot of people have stacked up their position by now.

I understand that if the price breaks below $9,200, then you are going to wait to buy in the $4,500 price arena, maybe you would buy above $5k, just to be safe, right?

On the other hand, if the price does not break below $9,200, then at what point would you get back in, if at all?


By the way, you may have already seen my posts on this topic, and personally I doubt that breaking below $9k is going to give you clear sailing down to $4,500 or points just above that because there seem to be pretty decent odds that there is going to be decent support at $8k and $7k... so you gotta get past that support first, in my humble bumble opinion.

We stopped in the $6,100 range the last time around too, so you're definitely right about the additional supports below $9,200.

Yes.. but, at a risk of being repetitive, a nuance of what I am believing to be logical in terms of price momentum is that we have support in the upper ranges, such as $8k and $7k (I don't know exactly where, but those are ball park prices in which support is quite likely); however, if BTC price breaks below a low point, such as $6,666.66, then there is less likelihood to have sufficient support at $6k a second time down to that level. 

I do believe that Harlot has made a decent point that if BTC prices breaks low enough, such as below $6,666, then $4500-ish would become reasonably within reach, at that point.. yet on the other hand, Harlot seems to be asserting that $9,200 is the breaking point which makes little fucking sense since we seem to be quite a long way from $6,666, even if $9,200 were to break, so TLDR (and repetitive point) you cannot necessarily assume that $4,500 is in the cards merely because of a breaking below $9,200. 

[realr0ach]

BTC price needs to go on a deep dive to shake off all these scum ... who's with me?!

[iCEBREAKER]

All over human history being forcefully disarmed was a synonym of being a slave or a prisoner. Maybe "research" that.

Australia had all their guns confiscated 25 years ago.  They haven’t had a mass shooting since.  And they don’t look like slaves.

Look at Australians' money; you will find the image of their owner and master featured prominently.

Don't be distracted by the velvet glove, remember that underneath there is an iron fist.

This is what a free people looks like:

In the United States, which has an English common law tradition, the concept of a right to keep and bear arms was recognized prior to the creation of a written national constitution.[7] When colonists in the Thirteen Colonies rebelled against British control during the American Revolution they cited the 1689 English Bill of Rights as an example.

McDonald v. Chicago, 561 U.S. 742 (2010), is a landmark[1] decision of the Supreme Court of the United States that found that the right of an individual to "keep and bear arms" as protected under the Second Amendment is incorporated by the Due Process Clause of the Fourteenth Amendment against the states.

[HairyMaclairy]

Why does no one talk about the 20th Amendment.  That’s what a free people look like.

[pera]

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

Oh ye of little faith.

I did cancel my sell order @ $12.5k tho.

Gonna chill out for the next few days and see how things are looking Monday.

Mmm. Beer...

I had faith at $400. At $9k I think Wall street is toying with me. I ain't mad at it. But still..

I don't think this is "Wall Street", but just the usual volatility of BTC. I think you might be too attached to some numbers that are actually meaningless

Remember that most holders still have no idea what Bitcoin really means, most techies still don't understand how it works or why it works (seriously, check for instance comments on HN, it's hilarious), and the reality is still that most people don't even know Bitcoin at all.

I feel like last year we just reached the Eternal September of crypto.

[JayJuanGee]

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

Oh ye of little faith.

I did cancel my sell order @ $12.5k tho.

Gonna chill out for the next few days and see how things are looking Monday.

Mmm. Beer...

I had faith at $400. At $9k I think Wall street is toying with me. I ain't mad at it. But still..

I think that we call that being over invested, so yeah, you should have been taken out profits along the way in order that you would not feel like this - yet that is water under the bridge because we cannot go back  and actually do the could have, would have, should have... . The only thing that you can do is act upon the options currently, rather than what you should have done... in order to lessen that the amount that you feel this way.

By the way, I think that we all feel the way that you feel a little bit, no matter what our having had sold some on the way up, because we conclude that we could have sold more and been able to buy back more - however, there are ways to prepare in order that the degree of the feeling does not cause such stress that we are acting on our emotions rather than logic.

[BlindMayorBitcorn]

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

Oh ye of little faith.

I did cancel my sell order @ $12.5k tho.

Gonna chill out for the next few days and see how things are looking Monday.

Mmm. Beer...

I had faith at $400. At $9k I think Wall street is toying with me. I ain't mad at it. But still..

I think that we call that being over invested, so yeah, you should have been taken out profits along the way in order that you would not feel like this - yet that is water under the bridge because we cannot go back  and actually do the could have, would have, should have... . The only thing that you can do is act upon the options currently, rather than what you should have done... in order to lessen that the amount that you feel this way.

By the way, I think that we all feel the way that you feel a little bit, no matter what our having had sold some on the way up, because we conclude that we could have sold more and been able to buy back more - however, there are ways to prepare in order that the degree of the feeling does not cause such stress that we are acting on our emotions rather than logic.

My lack of planning has been a problem, as you know.

[Elwar]

Why does no one talk about the 20th Amendment.  That’s what a free people look like.

No love is given to the 3rd Amendment. 

[jojo69]

lively evening in the BTC:alt pairs

[infofront]

All over human history being forcefully disarmed was a synonym of being a slave or a prisoner. Maybe "research" that.

Australia had all their guns confiscated 25 years ago.  They haven’t had a mass shooting since.  And they don’t look like slaves.

Look at Australians' money; you will find the image of their owner and master featured prominently.

Don't be distracted by the velvet glove, remember that underneath there is an iron fist.

This is what a free people looks like:

In the United States, which has an English common law tradition, the concept of a right to keep and bear arms was recognized prior to the creation of a written national constitution.[7] When colonists in the Thirteen Colonies rebelled against British control during the American Revolution they cited the 1689 English Bill of Rights as an example.

McDonald v. Chicago, 561 U.S. 742 (2010), is a landmark[1] decision of the Supreme Court of the United States that found that the right of an individual to "keep and bear arms" as protected under the Second Amendment is incorporated by the Due Process Clause of the Fourteenth Amendment against the states.

You're forgetting the most important McDonald dispute:

[BlindMayorBitcorn]

Ok question for the snowbirds. I know you're here. Is Quadrigacx above board? I have no reason to doubt they are, but I've never trusted them before with large amounts.

Above board yes but they have issues lately.

Cash Delivery takes about a week, 3 - 4 days before they send it and they will give you a tracking number that won't even ship for another two days. Like they think you'll be fooled by getting a tracking number.

Don't bother paying the extra fee for express bank transfer, it takes the same time as regular - 8 - 10 business days.

If you have an offshore account find another exchange (my current challenge) They will not send transfers to banks that use an intermediary.

Withdraw to visa is gone
Interac transfer is gone

Fees are high

Fees are definitely too damn high. And the books are all shallow end. Funny the things you learn when you start looking.

[Paashaas]

well heyyyyyy

I'm back in the LTC business...so I got that going for me

Are you buying Litecoin Cash?