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

[Rosewater Foundation]

Business news.
Uber finally killed somebody.
https://www.cnbc.com/2018/03/19/uber-self-driving-car-fatality-halts-testing-in-all-cities-report-says.html

[xhomerx10]

When using RSI as a technical indicator, what is the appropriate time period to be using?  For a large portion of the past day the RSI has been 60-70ish.  Will we likely see a drop in the price in the coming days?

 The proper use is daily with a setting of 14.  Large price swings can give false buy and sell signals especially when using an abbreviated time frame.  You should use the RSI in conjunction with other indicators - moving average crossovers are a popular choice (settings of 5, 8 and 13 are considered optimum for day trading) and also watch for RSI failure swings to confirm potential breakouts.

[Toxic2040]

Good morning all. Bitcoin has turned a corner it appears as the bulls push the price past 8.5k. Following the breaking news from the White House as President Trump bans the Pedro dollar the price has retracted to 8.3k but I think this is temporary. This EO has very little impact on bitcoin imo and could be taking as a positive because bitcoin is neither mentioned nor implied.

Regardless of the comments coming from the G20 representative, it also had a positive short term impact on the price. For the mid-term and long range ramifications we will just have to wait and see how it works out. The release of the comments happened to coincide with a very apparent TA signal to buy and the market responded with its usual fury. I believe this has propelled us into a early crypto spring rally that might carry us higher.

Imho...the indicated direction of not recommending new enforcement regulations but instead to use existing ones, tells us that "they" are aware of the the nascent bitcoin cryptoverse and are perhaps willing to take a "soft hands" approach until something else is needed. I feel this is important to existing and newly developing bitcoin related businesses as they will not have to jump through new potential regulatory hoops or allocate more capital to attain compliance.

I also think that that .1% market is growing to 1% over the next 18 months. The other .9% is most likely already attempting to enter into the bitcoin market. I think everyone of us should be looking towards 2020 and the Olympic Games being hosted in Tokyo and be thinking up ways to promote the public awareness of bitcoin and its use.

[Rsiyz]

Clearly you do not comprehend finance is needed to fund everything.....and Washington has sold off everything to continue funding endless wars. But the pot is now empty and the world no longer needs the US(less) dollar. And with nothing to trade, nothing left to sell...and nobody accepting the Washington dollar.....your  military cannot protect you from hyper inflation and bankruptcy.

just now is usa scary acuse of chinnese for somethink/g..usa just carefully chose words against Chinese .. now chinese get green to dig uran ore in russia. superpower are no longer on west.. just msm news keep plebs in "dream"

just kwa kwa here 

[RayX12]

Epic BLOCKCHAINIAN RHAPSODY!

This guy is amazing.  Must listen all!

https://www.youtube.com/watch?v=EzXM2x6rQhs

[Ludwig Von]

Bitcoin is unfolding like the dotcom crash — just 15 times faster

Edit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about.

I would not use AMZ too much as an example... . Nor any of the other FANGs...

[pfrtlpfmpf]

Epic BLOCKCHAINIAN RHAPSODY!

This guy is amazing.  Must listen all!

https://www.youtube.com/watch?v=EzXM2x6rQhs

Please, can i stop laying down and loughing my ass off ?  Delicious !  

[fragout]

Epic BLOCKCHAINIAN RHAPSODY!

This guy is amazing.  Must listen all!

https://www.youtube.com/watch?v=EzXM2x6rQhs

Please, can i stop laying down and loughing my ass off ?  Delicious !  

He has many more. All excellent

[Torque]

You guys think Bitcoin is the only thing plagued by FUD?

Look at Facebook:

Years of nothing but bull rally and the MSM is all sunshine, rainbows and lollipops on the stock.

But when technicals start to breakdown and signal a rollover in the stock, suddenly out of left field some shit FUD comes out about Cambridge Analytica. Perfectly timed, no less.

Fucking hilarious to me. All markets are rigged. 

[Elwar]

You guys think Bitcoin is the only thing plagued by FUD?

Look at Facebook:

Years of nothing but bull rally and the MSM is all sunshine, rainbows and lollipops on the stock.

But when technicals start to breakdown and signal a rollover in the stock, suddenly out of left field some shit FUD comes out about Cambridge Analytica. Perfectly timed, no less.

Fucking hilarious to me. All markets are rigged. 

Considering there are...what...3 companies that control all of US media...they have it pretty much in the bag on how they can manipulate things.

[conspirosphere.tk]

now chinese get green to dig uran ore in russia. superpower are no longer on west.. just msm news keep plebs in "dream"

just kwa kwa here  

I hope that you are authorized by your local Party cadre to post here, or your lessened "social credit" may forbid you to travel on any plane or train in the future.

https://www.theverge.com/2018/3/16/17130366/china-social-credit-travel-plane-train-tickets

But congratulations for your Lifelong President. The orange jew appreciated the idea:

https://www.vox.com/policy-and-politics/2018/3/4/17077642/trump-xi-china-fundraiser

kwa kwa indeed.

[criptix]

You guys think Bitcoin is the only thing plagued by FUD?

Look at Facebook:

Years of nothing but bull rally and the MSM is all sunshine, rainbows and lollipops on the stock.

But when technicals start to breakdown and signal a rollover in the stock, suddenly out of left field some shit FUD comes out about Cambridge Analytica. Perfectly timed, no less.

Fucking hilarious to me. All markets are rigged. 

Considering there are...what...3 companies that control all of US media...they have it pretty much in the bag on how they can manipulate things.

Jews!!!! 


Where is roach?!

[Toxic2040]

[cAPSLOCK]

Well, it was fun while it lasted

His Flying Noodliness hears all prayers.

(Sometimes the answer is no)

Buy when there is marinara in the streets.

[JayJuanGee]

also, masterluc says...blah blah

Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

 

They believe in "long-term", not in short-term like you.

My long term prediction I made August 2017 simply based on doubling each year:
2018 2000
2019 4000
2020 8000
2021 16000
2022 32000
2023 64000
2024 128000
2025 256000

I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment.

I merited your earlier post, mostly because I appreciate an anti-sorcerer comment now and then, because sometimes it seems that guys are getting into too much sorcerer reliance.. and sometimes, want to be viewed as sorcerers, too.

Doubling every year is not a bad idea or framework, and if you are starting with $1,000 for 2017, $500 for 2016, and $250 for 2015 - even if you are  largely correct, you seem to be selectively and purposefully low-balling, especially when we have seen $20k for 2017... so you either seem to be purposefully skewing down your expectations or you are engaged in a state of unrealism.   

We are also NOT going to get linear BTC performance.. so even an average of 2x every years seems to just be a kind of stab in the dark that is not really based on anything except for a kind of dream about how the world should be rather than how it is, especially with a considerable likelihood that bitcoin is in a exponential curve which will not likely be held back by 2x (or linear) expectations. 

I believe masterluc predicted 20k down to around 9k before we were at 9k. I’d say that’s not a bad guess.

I would not assert that there are decent predictions and predictions tools and a large number of the persons who are better at predicting do so with probability assertions rather than certainty.. So, when the outcome of a prediction ends up happening, such prediction is in line with what the predictor had asserted to be most probable.  Frequently, there is too much credit given, and even suggestions that the predictor knew something about the future.. and they don't... they are just assigning probabilities.

Remember Vinny Lingham was correct on a few of his predictions, and many people (including himself, seemingly) were beginning to assign him sorcerer status, and then in March 2017, he was all over the media preaching BTC doom and gloom in the sub $1k price territories and even seeming to strongly suggest that peeps sell their bitcoins, don't buy bitcoins (and even perhaps short bitcoin) at those prices.  Some folks got reckt to the extent they overly relied on "designated" sorcerer Vinny in those days.

A Couple of days ago, I posted a link to one of his doom and gloom prognostications from March 17, 2017.  See below:

I was listening to the Adam Meister show today on the World Crypto network, and he referred back to his show from one year ago, on March 17, 2017, in  which Vinny Lingham came onto his show, unannounced and predicted that bitcoin was going to then hardfork and go down to below $500 or some other such nonsense.  I think that Vinny lost quite a bit of credibility from the strength of his conviction on that date, but the strength of his conviction did cause several bitcoin HODLers to sell and to fail to buy more bitcoin during what ended up being the 2017 low price of bitcoin at about $890-ish.

2 hour YouTube presentation of Adam Meister show from March 17, 2017 - with surprise guest Vinny Lingham who predicted BTC prices were going to crash to below $500 after hardfork

Even though it is a 2 hour video, it has a certain importance in bitcoin history, and shows that credible folks can make strong predictions and stir up disagreement that end up being wrong.

[pfrtlpfmpf]

Well, it was fun while it lasted

His Flying Noodliness hears all prayers.

(Sometimes the answer is no)

Buy when there is marinara in the streets.

At "Noodliness" i stepped out, let alone "flying", but my toothbrush is my god, that i´m sure of !

[El duderino_]

Bitcoin is unfolding like the dotcom crash — just 15 times faster

Edit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about.

let it come i am ready

[bitserve]

Back where we were before the weekend.
Last 2 days = wiped from my memory.
Continue as before please.

Really, I was preparing to even coldwallet my trading coins and just move to other things for a very long time as I did in 2014.

What's keeping you from doing exactly that?

Addiction to bitcointalk.org?

Yeah, something about that too... but it is more that for some reason (addiction most probably) I feel that I need to keep babysitting my orders and follow news, bitcointalk, etc.... To really hodl and forget about Bitcoin I would need to stop trading completely. I suppose I would still visit here once in a while... or maybe not....

[Sitarow]

You guys think Bitcoin is the only thing plagued by FUD?

Look at Facebook:

Years of nothing but bull rally and the MSM is all sunshine, rainbows and lollipops on the stock.

But when technicals start to breakdown and signal a rollover in the stock, suddenly out of left field some shit FUD comes out about Cambridge Analytica. Perfectly timed, no less.

Fucking hilarious to me. All markets are rigged.  

Considering there are...what...3 companies that control all of US media...they have it pretty much in the bag on how they can manipulate things.

Before we had bitcoin many where clueless as to economy and market forces. However since then we have had a tsunami of newbie traders and market watchers and even some old school tactics by unsavory types expose the crypto community to things like penny stock fraud aka fraudulent ico's or fork's that lead to - insider trading - market collusion - and so on...

Armed with this new perspective. What once was hard if not impossible to recognize by the general public, has been made slightly opaque in its nature.

Factor in software analytics of usage cases and we get studies about how twitter participation has influenced public opinion in both social, and political perspectives.

If applied to crypto market, factor in the open nature of the distributed model with its abundant market transactions. What the G20 discussion alluded to is that there is presently laws in place that can crack down on crypto exchange operations complying with conformity.

IMO such a move will end another thorn in the crypto market. By removing the obscurity associated with the old paradigm of means of trade. Moves like this makes things like decentralized exchange a possibility.

"Necessity is the mother of invention"

[600watt]

Bitcoin is unfolding like the dotcom crash — just 15 times faster

Edit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about.

$946k per btc in about a year? if that comes true I will buy a lambo for everyone that merits this post.