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

[Flamaicon]

Its clear now that Mt Gox was the problem! No chinese new year, no FUDs, no ban, no whales, no futures... since end 2017 Mt Gox sell 40.0000 bitcoins, around 400 milions dollars and have more 1.5 bilions dollars to sell this year and all this sell wall mix with weak hands. So, think about it... think about all good perspectives, its a new and big promisor market with a lot of money to join. 2018 have more progress with legal laws... many countryes are regulate it... we are in progress... dont be a weak hand. Dont folow the wave. Believe and be patience. Big profits coming.

[cofefeGandalf]

As soul-crushing as it feels for the price to capriciously fluctuate $2-3,000 from one day to the next:

I am still incredulous the price hasn't tested below $5,000 even ONCE since we sliced through it like butter five months ago.

The daily 200MA is still RISING and currently sits at ~$9,000.  Hell, the 100MA is only now flattening out just over $12,000!

The market has more or less ABSORBED all these Mt Gox mega-dookies, like a thirsty sponge, averaging +/-$10,000 for much of the time.

At least this time, once we finally pass $10,000 for the last time and eventually hit a new ATH, HODLers will feel like they frucking EARNED it.

 

There are a lot of new hodlers who jumped on board last year. Going through a market such as this is basically a rite of passage for new hodlers. When this is all over, we'll have a new generation of grizzled, battle-hardened, strong hands.

  Totally. People always think bitcoin profits are easy money but they for sure never went through bitcoins bull-bear cycles with the markets icy hand grabbing their balls. Doing nothing isn't as easy as it sounds, and only the survivors get rewarded, the weaklings get slaughtered.

[savetherainforest]

That will depend on the "Untrustworthy" Trustee ?

To their credit, Kraken tried to save us:

He waits until the iT-coin reaches 1+ million so he can pay everyone in millibits their fiat back, so he would sleep well during the night and not fear for his life.

[conspirosphere.tk]

Another channel flashing "Good Buy", daily chart:


https://www.tradingview.com/chart/BTCUSD/StXGkR9D-Will-it-hold/

[jojo69]

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Been there, done that. We should start a club.

not losing money is easy...refuse to make losing trades, your losses are never actualized and eventually the market comes back to you

[SidETH]

Not trying to be a party pooper here (honestly), but when the rest of those MtGox coins get dumped on the market (like hundreds of millions of $ at a time), aren't we just all absolutely fucked (no lube)?

[jbreher]

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??

No. You seem to be in league with plenty of other whining scared ninnies.

If he dumps, there will be a downturn. Then he will be incapable of further dumping. And Bitcoin will resume its destined upward climb.

Can you get inside his head? Sure, if you can get inside his head, you can sell (relatively) high and rebuy at the nadir. Can you bribe him? No? Then the only known winning strategy is hodl.

[Aqualung89]

We think it will be over $ 10000 when we arrive at the end of the week, especially at the weekend. But there seems to be a slight decrease in the week.

[jbreher]

Chill out a few more years and be a billionaire instead. And have women from Town & Country magazine scoping you out, which seems to be some American version of Tatler. Crypto at the gates indeed. 

You have me pondering the necessity of acquiring a new monocle. Until a couple pages back, I was blithely unaware of Town and Country. And now there's Tatler, too.

And I thought the Departures mag that AmEx sends me was overly pretentious....

[jbreher]

There may be a more decent market incentive to shake some the altcoin and ICO trash.

As can be seen by the Bitcoin Dominance figure, this seems to be happening to some extent.

[jojo69]

Man, the more I think about it, if I was that Gox trustee motherfucker, I'd be god dammed careful exactly who was cooking my puffer fish if you know what I mean.

[jbreher]

the IRS started sending out letters to Coinbase users telling them coins they bought for pennies require thousands of dollars in taxes on even if they used the coins to do something like buy a pizza before the price went up.  

Do you have any evidence to go with with your assertion, or are you just doubling down on your fever dreams?

[Cassius]

Man, the more I think about it, if I was that Gox trustee motherfucker, I'd be god dammed careful exactly who was cooking my puffer fish if you know what I mean.

Yep. That guy was naive, lazy and irresponsible towards Gox's creditors and the wider community. Wouldn't surprise me if some Goxers started a suit against him. And others might explore other avenues of redress.
Wouldn't want to be him right now.

[LFC_Bitcoin]

Man, the more I think about it, if I was that Gox trustee motherfucker, I'd be god dammed careful exactly who was cooking my puffer fish if you know what I mean.

Be a shame if he fell from his city apartment balcony wouldn’t it

[Asrael999]

Man, the more I think about it, if I was that Gox trustee motherfucker, I'd be god dammed careful exactly who was cooking my puffer fish if you know what I mean.

Well you definitely wouldn't want to be living in the UK, asking to get poisoned.

[Ivor Biggun]

Man, the more I think about it, if I was that Gox trustee motherfucker, I'd be god dammed careful exactly who was cooking my puffer fish if you know what I mean.

Yep. That guy was naive, lazy and irresponsible towards Gox's creditors and the wider community. Wouldn't surprise me if some Goxers started a suit against him. And others might explore other avenues of redress.
Wouldn't want to be him right now.

Are you sure about that?

https://www.reuters.com/investigates/special-report/bitcoin-gox/

According to Kobayashi’s most recent status report on the Mt. Gox bankruptcy, dated Sept. 27, as trustee he has received 163.7 million yen, or about $1.4 million, in fees since his appointment.

You can buy a hell of a lot of bodyguards for $1.4 million.

[Cassius]

Man, the more I think about it, if I was that Gox trustee motherfucker, I'd be god dammed careful exactly who was cooking my puffer fish if you know what I mean.

Yep. That guy was naive, lazy and irresponsible towards Gox's creditors and the wider community. Wouldn't surprise me if some Goxers started a suit against him. And others might explore other avenues of redress.
Wouldn't want to be him right now.

Are you sure about that?

https://www.reuters.com/investigates/special-report/bitcoin-gox/

According to Kobayashi’s most recent status report on the Mt. Gox bankruptcy, dated Sept. 27, as trustee he has received 163.7 million yen, or about $1.4 million, in fees since his appointment.

That's nice for him, but a lawsuit could cost him a lot of that and even more in stress. Plus for the other lot, a hit costs a few thousand USD. If I thought my life was truly threatened, I'd want a lot more than $1.4m.

[sirazimuth]

the IRS started sending out letters to Coinbase users telling them coins they bought for pennies require thousands of dollars in taxes on even if they used the coins to do something like buy a pizza before the price went up.  

Do you have any evidence to go with with your assertion, or are you just doubling down on your fever dreams?

Probably about as much evidence as his delusional Jewish conspiracy nonsense....

[LFC_Bitcoin]

Well you definitely wouldn't want to be living in the UK, asking to get poisoned.

... or V&, or acid attacked, or stabbed, but hey, at least the likelihood of you being shot is relatively low ...

It’s one of the things that living in the UK is shit for, not being able to carry a gun. WHEN bitcoin moon’s I’m moving to the US & will amass a huge Arsenal of weapons for shit’s & gigs.

I’ve been to Vegas twice & going in June for a third time, going shooting is one of my favourite hobbies over there.

[Ludwig Von]

Man, the more I think about it, if I was that Gox trustee motherfucker, I'd be god dammed careful exactly who was cooking my puffer fish if you know what I mean.

If the dude didn't understand the consequences of his actions, I have to think he has been made VERY AWARE by TPTB not to do that shit again... if you know what I mean... Japan and the Yakuza and all...

Wallstreet banksters style : "Nailgun accidents"... .