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

[Lontonbit]

Ok this one was way off but sort of illustrates the point.

Charts are great for looking in to the past, not so great for Looking in to the future.

[Last of the V8s]

me too lol fuck. respect

[Torque]

https://finance.yahoo.com/news/dropbox-sets-ipo-range-16-124347573.html?_fsig=Nii754fSl_1w0pUkqDZphw--

Ya' know why companies can IPO at $18/share but haven't proven the revenue and Average Joe is ok with that, but Bitcoin IPOs at $0.0000001 cent and people can't understand why it's now at $9k/btc?

It's because people don't understand how and why company IPOs are structured the way they are, and who ultimately benefits from that arrangement in the long run.

If they truly understood the difference, they'd see that Bitcoin has more asymmetric upside potential (still) of any investment out there.

[Last of the V8s]

usual round of FUD today
http://www.ecb.europa.eu/press/inter/date/2018/html/ecb.in180313.en.html Bitcoin not the answer to a cashless society
http://www.businessinsider.com/bitcoin-price-risks-rising-goldman-sachs-2018-3?IR=T
https://www.reddit.com/r/Bitcoin/comments/841hl5/coinbase_allegedly_did_not_implement_segwit/?ref=share&ref_source=link
https://www.trustnodes.com/2018/03/12/bitcoin-cash-now-transacts-sms-text-messages
https://www.reddit.com/r/ethereum/comments/83v7x9/these_results_represent_the_first_time_a/
but also some info
http://www.europarl.europa.eu/sides/getAllAnswers.do?reference=P-2018-000559&language=EN mining of cryptocurrency is not an illegal activity
https://medium.com/@suchi.blackwing/cryptocurrency-bitcoin-forks-are-they-profitable-5b55eb67fca9
https://www.yardeni.com/pub/peacockfedecbassets.pdf Total Assets of Major Central Banks

edit sth for Torque? https://www.advisorperspectives.com/commentaries/2017/06/07/magnum-opus-humanity-at-crossroads
have not read far...

[RayX12]

HODLGANG AND CAREFULGANG should be merged to:

HODLCAREFUL GANG!  <<<<<<  This is what I am!  

If you are a newcomer then these term are described here:

https://www.youtube.com/watch?v=g6iDZspbRMg#t=12m41s
https://www.youtube.com/watch?v=g6iDZspbRMg#t=24m47s

so funy..

[Last of the V8s]

[Last of the V8s]

oy are things going to get ugly https://www.nature.com/articles/s41380-017-0001-5 A combined analysis of genetically correlated traits identifies 187 loci and a role for neurogenesis and myelination in intelligence

[jbreher]

And sure nobody likes Dan. But everyone wants to be Dan.

I used to be Dan. But I got tired of arguing with the completely ignorant that were absolutely sure that Bitcoin would fail - and for all the invalid reasons. So I stopped talking about it years ago. Except for cases where I did not initiate the topic.

[HairyMaclairy]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

[jbreher]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

Right.
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What's a Kucoin?

https://youtu.be/bputeFGXEjA?t=1m40s

[Torque]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

Telling people to pull their coins off of some shady ass fly-by-night Cryptsy 2.0 is like advising millennials that eating Tide Pods could be "a health risk".

[STT]

Charts are great for looking in to the past, not so great for Looking in to the future.

A chart is for identifying a trend and extrapolating a higher probability path, bullish or bearish even is a profitable to know doesnt have to be exact.

Heres a chart from a long term trader who comments on the momentum and likely strength in BTC price



https://www.youtube.com/watch?v=6L5G97rHnvo

Its worth watching the vid for technique

[BTCMILLIONAIRE]

Roger Ver: Bitcoin Jesus Becomes Bitcoin Judas   

https://theicojournal.com/roger-ver-bitcoin-jesus-becomes-bitcoin-judas/

Does anyone even edit any more?

The piece would be fine, and I agree with its thesis, but proofreading errors drive me absolutely nuts.

I see it more and more in so called journalism, even on big name sites.  The hard bitten copy editors of old are spinning in their graves.

Yeah that irks me quite a bit too. I don't get how a fucking journalist could be too incompetent and/or lazy to publish a decent article. And let's not even get started about the often poorly researched and sometimes outright false information.

[BTCMILLIONAIRE]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

Telling people to pull their coins off of some shady ass fly-by-night Cryptsy 2.0 is like advising millennials that eating Tide Pods could be "a health risk".

Are you saying that it should not be done so natural selection can run its course? Or that it's just simply a futile endeavour?

[Karartma1]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

Telling people to pull their coins off of some shady ass fly-by-night Cryptsy 2.0 is like advising millennials that eating Tide Pods could be "a health risk".

Cryptsy

Never forget, never forgive

[ivomm]

Ok this one was way off but sort of illustrates the point.

We don't need trolls/fudsters when we have one respected bear to tell us 3 times a page that BTC will go down to 3K. During the tether panic/gox dump, BTC dropped for several minutes to 6k and then quickly gained 50%. Even if it does stay low longer, it will recover stronger and test new ATH's. It seems that everybody is forgetting that thousands new holders are entering each day, while the supply is increasing very slowly, and that the next halvening is coming soon. I am sorry for your illness, but it seems you are still obsessed by losing-it-all nightmares.

[LFC_Bitcoin]

Ok this one was way off but sort of illustrates the point.

We don't need trolls/fudsters when we have one respected bear to tell us 3 times a page that BTC will go down to 3K. During the tether panic/gox dump, BTC dropped for several minutes to 6k and then quickly gained 50%. Even if it does stay low longer, it will recover stronger and test new ATH's. It seems that everybody is forgetting that thousands new holders are entering each day, and the supply is increasing very slowly, and that the next halvening is coming soon. I am sorry for your illness, but it seems you are still obsessed by losing-it-all nightmares, man.

TERA doesn’t have any bitcoin’s, $3,000 is her desired point of entry, ignore her. She posts about what she wants to happen.

[jojo69]

but, the cows Bob

won't somebody think of the cows

[RejectedBanana]

I see this is as the most realistic shape if there is going to be another bubble. Not months, years. The shape looks good at this will time for the USD to take over from China and for the coders to fix the throughput issues.

This is still my favorite TeraBeara chart from a year ago. According to her long-term prognostications, we should be around $800 right now. Hey, only 1 order of magnitude off!

Accordingly, if Tera believes we'll hit $3,000 this year, maybe we'll hit $30,000 instead! 

I mean no ill-will, Tera. We've needed a few PermaBears to round out all the PermaBulls, and I've appreciated you reining in the troops' lofty expectations at times.

But life can't be all doom and gloom. We need hope, too, and I hope you find yours.

[greensheep]

stabilizing around 9100, right on track for ...?
http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures expiration on 14/03

edit: bluh I don't like those futures expiration dates