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

[cAPSLOCK]

ether can stop tanking any time here...dammit

Truly looks like a bit of an un-flippening going on IMO...  

I expect a bit of a pushback around 11850.  Wonder if we will make it there.

[1560736403]

1560736403

[1560736403]

1560736403

[1560736403]

1560736403

[JayJuanGee]

inb4 MSM 'The bitcoin bubble is back'
~
(volume is too low)

Fuck!!!!!


From my overview of the situation (whatever the fuck I know?), BTC trade volume looks pretty great, especially for a weekend!!!

[jbreher]

What do y'all do when you are asleep or otherwise AFK and a sudden bout of volatility wipes a wider hole in your spread?

Just rebuild it when you get BTK (back to keyboard). No worries.

[bones261]

ether can stop tanking any time here...dammit

Truly looks like a bit of an un-flippening going on IMO...  

I expect a bit of a pushback around 11850.  Wonder if we will make it there.

My brief stint with Ether was actually with the token, the DAO. Didn't end well for me...

[infofront]

Reminds me of my new drinking game. Every morning there isn't a spectacular crashy pull back I take a shot.

I'm not sure if that's very healthy in the long run. There's bound to be vastly more non-spectacular pull back days than the converse.

No, it's just a game. I can stop anytime I want.

The last time I said that I ended up clocking 1800 days of playtime into a single game.

World of Warcraft?

[jbreher]

So, when are we going to hit $1,000,000?

Let's project.  

If we assume the average doubling floor time of 6 months over the last 5 years (including the 2014-2015 bear market):

$20k Aug 2018
$40k Feb 2019
$80k Aug 2019
$160k Feb 2021
$320k Aug 2021
$640k Feb 2022
$1.28MM Aug 2022

Three and a half more years.

If the doubling time persists at 3 months (the approx. average of the last three doublings), then just under two years. Mid 2020.

Wow.

You lot that like to sell your BTC in increments to buy back, take note that you don’t run out.  

Using the numbers above, even should there be no volatility to be harvested (as if), I'm good through 2022.

[JayJuanGee]

*sniff*  *sniff*   something in the air..

I think that it is overcooked bear, perhaps?   

[Searing]

Reminds me of my new drinking game. Every morning there isn't a spectacular crashy pull back I take a shot.

Good job you can still remember it!

I'm honestly beginning to fear that my retirement years are going to be spent running out first thing in the morning for a covfefe and 6 pack of beer, and loafing in this thread all day.

I retired (could retire w/o cryto hoard...but when BTC hit 10k ...as a backstop I am trying never to use..I was like out of excuses).

Anyway, retired 1/14/18 and it is now 2/17/18....

and you have pretty much nailed this first month at least........

then again, hard to do 'projects on the house' when you are mining scrypt-pow yet...and keep tripping over stuff that makes you some coin (garlicoin as an example...gotta love
them knc titans and scrypt-n)

so yeah, it is pretty much 'loaf city' till I start to make less money, mucking with real world house fix stuff..then maybe, I can take a vacation and/or work on the house

(then again it is winter and cold as f*ck outside also)

So yeah, you pretty much 'nailed it'

gonna have to work on how to 'structure' my 'leisure time' .....besides crypto

brad

[JayJuanGee]

Reminds me of my new drinking game. Every morning there isn't a spectacular crashy pull back I take a shot.

Yes, these days without a big pullback have left me with several bids that are being left in the dust. Oh well, each bid only represents about 1% of my holdings, so overall the 99% of my holdings are looking better. I won't be inventing any drinking games though, to celebrate. I have been on the wagon since 2009.

Ultimately, you have to be prepared for the possibility that your buy orders will get left behind forever and ever, and that you are mostly emotionally neutral to the scenario that they get left behind forever and ever.  

If you are not mostly emotional neutral that your buy orders get left behind forever and ever, then you likely are "playing" (trading) with too large amounts, and you need to reduce your amounts until they reach such a level that you are largely emotionally neutral about them getting left behind forever and ever.

The reality of the matter is that in a large number of cases, your buy orders are not going to get left behind forever and ever, but you should not care nor think too much about it...  

By the way, recall that the first time around on the way up from $890 to $19,666 (that took about 9 months to play out), seems like we had a fewer than 5 retracements that were 27% or greater, and I believe that the maximum retracement was 40%-ish in mid-September from $4,980 to $2,970.  So under that actual real life application, there were a lot of folks who left a lot of buy orders on the table on the way up - however, there are ways to deal with such including from time to time, the increments and the amounts of those left behind buy orders can be shuffled around in order to make them much more profitable in the event that a downturn comes and, especially during what ended up being our 70% retracement from $19,666 to $5,921.  And, also, sometimes you can decide to use some of that money and just completely take it off the table in a practice that Rptiella had referred to as "raking" in his SSS thread.

[rolling]

Korea is leading this thing again as they did during the entire run up to 19666. That is a good sign. There are no trading games to be had when there is real demand for a finite resource.

[HairyMaclairy]

Purple line is shorts on BfX.  Squish squish squelch.

[HairyMaclairy]

ether can stop tanking any time here...dammit

We did talk about this.

[JayJuanGee]

JJG..I see your chart and raise you sir.

Yeah, you raised me into a near total state of bewilderment in my attempt to understand what your chart means in terms of Bitcoin price discussion and analysis, and what is the significance of the bear warning?

Seems to me that we got's ourselves no bears hanging around in these here territories.. They all be hiding under the cupboards, but surely they will be back to spread a little naysaying bear doo doo as soon at there is any kind of sign of this bad boy slowing down.  When?  I have hardly any clue, as usual, but looking good to me, and looking really good.

[PestoQuinty]

It will be interesting to see when people start utilizing their TDAs, Cestui Que Vie/status correction procedures, and start pouring that infinite fiat into BTC.
Anyone ever thought about this? Maybe that is the thing behind this tether conspiracy.

[JayJuanGee]

So, when are we going to hit $1,000,000?

Let's project.  

If we assume the average doubling floor time of 6 months over the last 5 years (including the 2014-2015 bear market):

$20k Aug 2018
$40k Feb 2019
$80k Aug 2019
$160k Feb 2021
$320k Aug 2021
$640k Feb 2022
$1.28MM Aug 2022

Three and a half more years.

If the doubling time persists at 3 months (the approx. average of the last three doublings), then just under two years. Mid 2020.

Wow.

You lot that like to sell your BTC in increments to buy back, take note that you don’t run out.  

Using the numbers above, even should there be no volatility to be harvested (as if), I'm good through 2022.

Hahahahahaha.. jbreher... I don't mean to pick on you or to be stalking you, too much, but are you confessing that you are gonna run out of BTC if BTC prices were to go straight up to $1.28 million?   

I could not really blame you for running out of BTC in that kind of a scenario because seems that no matter what there are going to be some price corrections along the way.. there is almost no such thing as straight up, even going up 5x without a significant price correction wold be quite amazing, but going up from here to $1.28 million would be more than 110x, and surely there would be several pretty decently-sized price corrections in there to help any of us incrementalists to stack up our holdings in order to prepare for BTC price destinations higher than $1.28 million.

[suchmoon]

Lots of action around 11k again.

[Neo_Coin]

[FartBuddy]

Lots of action around 11k again.

It took a few days to decisively get above $10k, it could take a few more to decisively get above $11k.

[smartcomet]

Recommend an awesome book about dot.com bubble: "Bull: A History of the Boom and Bust, 1982-2004"

Kevin
Definitely a must read for investors
April 10, 2013

This book is not a technical read in any way. Instead, this book is written as various anecdotes, beginning from the fifties to the present day. Mahar tells the story of various influential people in the industry as well as families and the average man experiencing various aspects of a financial cycle (bear and bull markets) and how they acted and why they did what they did.

She outlines various causes of bull markets and bear markets. She analyzes investor behaviors in each part of the cycle and outlines some eery commonalities between the various events.

I believe that this book is well worth the money because it teaches you some things to look for in both bull and bear markets. She gives the names of people who strategically position themselves out of the wall street mentality and give their honest sell and buy recommendations when the market is under or over valued. I think for the few dollars you spend on this book, you might save a lot more money timing your buys and sells based on what Mahar says in this book.

I didn't give this a 5 star rating because I didn't think it was a 5 star book in my opinion.

However, I still believe its a must read book to gain some more investing knowledge.

[Toxic2040]

Yeah, you raised me into a near total state of bewilderment in my attempt to understand what your chart means in terms of Bitcoin price discussion and analysis, and what is the significance of the bear warning?

Seems to me that we got's ourselves no bears hanging around in these here territories.. They all be hiding under the cupboards, but surely they will be back to spread a little naysaying bear doo doo as soon at there is any kind of sign of this bad boy slowing down.  When?  I have hardly any clue, as usual, but looking good to me, and looking really good.

Confusion can be a nice broth to stew ones brain in on occasion...but I dare not chance damaging you so I will relent. The bear sign was to announce jbreher of course...should be pretty simple there...maybe a touch melodramatic...but effective none the less. It was but a jest in reality.

The other is much more significant if you care to delve into it. As hype about innovation crests over the peak on it move towards the productivity plateau you can clearly see where we are at with blockchains. The hype about bitcoin arriving is past us now..heading towards that plateau ahead of us in the future. But look what is trailing..how many of these upcoming innovations will need bitcoin and the blockchain to fully realize their potentials? A great many I say..all those next gen apps that we are just now dreaming up use cases for. Whether it be peer to peer decentralized immutable ledgers like bitcoin or permissioned one used for controlling autonomous vehicles lets say. The shear amount of "things" that will benefit from this literally boggles my mind man...