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

[Majormax]

The markets are getting worse and worse as the days are getting worse. We can say that Etherum is experiencing a much more radical decline. But most importantly, how will the Altcoins recover after this hour.

Most (nearly all) altcoins will not recover.  The ecosystem cannot sustain them.

The market is in a bear phase, and will be for the rest of 2018 at least.

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[HairyMaclairy]

Wow.  

ETH under $500.  Bcash lol under $900.  Nano in full melt down @$6.  Dominance 44.6%. New entrants getting schooled.  This is fabulous.  

[btcbeliever]

The markets are getting worse and worse as the days are getting worse. We can say that Etherum is experiencing a much more radical decline. But most importantly, how will the Altcoins recover after this hour.

Most (nearly all) altcoins will not recover.  The ecosystem cannot sustain them.

The market is in a bear phase, and will be for the rest of 2018 at least.

But you know don't you, that if I was ever to sell a big portion of my bitcoin, the market would take an amazing turn upwards and go to new all-time-highs, and I would never want to buy back in.  It's the rule of perfectly bad market timing.  And I would be able to brag that I sold at the exact bottom.  That is why I will hold regardless of where the price goes.

[Raja_MBZ]

Wow. 

ETH under $500.  Bcash lol under $900.  Nano in full melt down @$6.  Dominance 44.6%. New entrants getting schooled.  This is fabulous. 

How can you forget Ripple?

Going less than 60 cents. This is probably the best time to teach to purchase it LOL.

BTW, let's all have some motivation!

[Vlada69]

BTC Dominance: 44.6%!

[birr]

New chart from klee in the PnF thread

also, masterluc says (google translate)

As that sucks everything went. The scenario I proposed is on the verge of failure. To continue it, the price should immediately turn around. Or to turn sharply around $ 6000.

As we are:
- Under the daily sma200 (punching down)
- Under the weekly sma20
- Under daily sma20
- Under the long-term trend (punching down)

The most sad first and last fact.

This means that when the daily smash of 200 is broken down, the medium-term picture breaks down. And the next support is on the lower historical trend - $ 3000.

A bullish long-term picture breaks when it breaks down $ 3,000.

[infofront]

So it is basically not worth it, ok. But... is that something that happens every once in a while? I am trying to extrapolate what happened past times when a similar point of unprofitability was reached.

Ie: If the price started recovering soon or if the hashrate just kept going down until profitability.

I've been mining since 2011. During these downturns, you can make money speculative mining.

For instance, bitcoin GPU mining became unprofitable in early 2012 around the time it hit $2. However, you could've mined quite a bit of coins from a new upstart called Litecoin. You would've been mining at loss at the time.

There was the great altcoin boom of 2013-2014, which was very lucrative for mining. After that market took a shit, the only things that were marginally profitable to mine were Monero and DASH. Mining either one of those would've made you a lot of money.

So, here we are in another downturn. I'm not sure what the next LTC, XMR, or DASH is, but it's out there.

Interesting. But as you say many of the times it was just "barely profitable" at the time of mining, no matter if it pumped hard some time later (you could have just bought the coins instead)... Not that I can extrapolate anything I guess

Just buying the coins to begin with is almost always more profitable, as long as you exit during a nice pump. I look at mining as more of a hobby.

[BitcoinBunny]

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.

 

[Raja_MBZ]

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.

[Rsiyz]

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.

 

best comment..

[Rsiyz]

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.

NO there is no word about "term"  or nex time you will say : they believe in super-looong term  ... 

[mike4001]

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.

Not completely true.

Most of them said that we will never see 4 digits again.

Well ... here we are.

[Raja_MBZ]

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.

Not completely true.

Most of them said that we will never see 4 digits again.

Well ... here we are.

Well I'm sorry but among all of those predictions, I'm only aware of Mcafee's 1 million dollar prediction by 2020, and I completely still believe in it.

[Rsiyz]

https://www.youtube.com/channel/UCXpkSlxIY73Wr6jbCb2eKLA    yes here is new bitcoin "adopters"
and in cali too..http://

[gbianchi]

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.

Will McAfee Eat His Own Dick ?

https://diegorod.github.io/WillMcAfeeEatHisOwnDick/

[fragout]

G20 tomorrow and tuesday. I wonder how much or how little it will affect the price?

"A media representative for next week's summit, to be hosted by Argentina, which currently holds the G20 presidency, said that the first meeting will take place Monday. The talks will feature Argentina Treasury Minister Nicolás Dujovne and Organisation for Economic Co-operation and Development (OECD) Secretary-General José Angel Gurría, among other stakeholders.

A second discussion will happen on Tuesday, the rep told CoinDesk.

The agenda and talking points for the two discussions have not been released. However, a public document indicates that the discussions will revolve around the implications of cryptocurrencies and the potential applications of its underlying technology.

"The issue is an important item on the meeting agenda; delegates will consider a common response that would mitigate the risks without discouraging innovation," it argues.

[BitcoinBunny]

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.

[El duderino_]

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.

NO there is no word about "term"  or nex time you will say : they believe in super-looong term  ... 

Traders Will Just allways running few steps behind and they Just don’t see the whole picture , Just let them in there Own world Where they look for the master predicter that doesn’t exist and Try to make all the trades on TA analys of 100 diffrent masters etc...... for making quick buck’s but long term losses and ending up with less btc’s

for the rest of us Just hodl and buy the dips When possible :-)

[UnDerDoG81]

Lol I thought ether will be the new bitcoin?

[RayX12]

ICO panic is setting in.  Icos cashing out their ETH.  
SEC is shaken the ICOs from the tree.



Who is harvesting apples??