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

[Majormax]

this is the end

http://1.bp.blogspot.com/-PkBXdgK9eyI/UaPaIXezNbI/AAAAAAAAAdg/4uUBPtVjld0/s1600/the+doors+cover+new.jpg

No: this is where the bottom is WAY more close than the ATH.

Of course. The bottom is less than $7000 away, the ATH is $13000 away. (absolutely 100% certain, not guesswork !)

There is a point to thinkng about it this way.

[LFC_Bitcoin]

Bitcoin amazed everyone by going to heights that was thought to be impossible. Soon it will amaze everyone again, by dropping to levels that was thought to be impossible.

We’ll just have to wait & see, there’s going to be an absolute bottom at some point & a lot of amateur traders shorting are going to get burnt BADLY.

I’m HODLING until a year or so after the next halving & whilst it sucks (badly) seeing your net worth slump like this at least technically I’m losing nothing as xxx bitcoin’s are still xxx bitcoin’s.

I wouldn’t want to be trading this beast on margin’s now, a lot of people are going to get fucked in the ass.

Well said .... same here golluming all the way with my precious but as well Just given my last 2 precious Smerits ;-)
We see worth slumping but who care’s .... technical BTC stays BTC and we Will embrase iT

Yeah at some point in 2014 I was at a 50% loss factoring in everything I’d invested & what bitcoin was worth at the time.
At $19,000 I was HODLING 35 x what I’d invested & now it’s down to 16 x what I’ve invested.

It’s all swings & roundabouts but if I though ‘this was it’ as all the noob, troll shitposters are saying I’d sell it all now. The fact is I’m not because I’m very certain we’ll see upwards of $19,000 in the future even if it takes a few years.

I’m 31, I’m in no rush.

[RayX12]

Dont forget:

[LFC_Bitcoin]

Common we need a new poll ;-)    Mr sir thanks

Somebody just did one - A really embarrassing one

[d_eddie]

I'd say don't trust these movements while fiat transfers are unavailable.
A whale isn't a bear or a bull. The most effective shakes are both down and up.

[rafanadal]

What a load of shit.. You anti-Semites are a sad bunch.  Shame on all the members here who allow this shit to go on non-stop.

I take racism as an idea as seriously as I might discussing flat earthers.   Or the stupid argument for Obama birth certificate.    The ironic thing there being Ted Cruz is eligible yet was born in Canada.  https://edition.cnn.com/2016/01/13/opinions/amar-cruz-trump-natural-born-citizen/index.html
Is he the Zodiac killer we dont know yet

I dont comment because its all nonsense, its not agreement so I'm just replying on your point there.    I'm generally hoping crypto types are the progressive sort not cavemen against global trade between various parts of the human race.   That would be conflicting views imo

''Progressives'' are commies, they hate free trade

[Robin,Hood]

Common we need a new poll ;-)    Mr sir thanks

Somebody just did one - A really embarrassing one

Appropriate for the date

[jbreher]

Even if it dropped 4x during that year, it was such a good year for bitcoin.

Well, it was. Perhaps you are so laser-focused on the instantaneous price that you are blind to everything else in the ecosystem. Large investments were made in 2014, developing the facilities that provided increased utility. Which in turn led to the late 2017 spike.

[RewFrew]

I Already pointed out the support @ 6.600$ 2 Days ago.

The Weekly RSI WAS @30.  The last time we saw this low Weekly RSI was in: 29.09.2015!!

The pressure for the downtrend below 6.600$ to 6.430$ was duo to big wales wanting a good reload @ around 6.600$

We saw now there is no big whales trying to stop the bitcoin pump. they also can sell @ around 7.300$ then push the price for 6.000$ for a last reload before the big pump.

If the bitcoin price doesnt go to near 9.000$ in the next 48H then  a last dump gonna occur.

[STT]

I'd say don't trust these movements while fiat transfers are unavailable.
A whale isn't a bear or a bull. The most effective shakes are both down and up.

A price that moves in one direction only is too close to free money.   Doesnt happen in a free market, it will always double back and take profits.    Even while its moving a bullish or bearish trend.  

So whats most relevant here is strong support negated, an april fools price.   I saw this on twitter, a false breakdown is strong confirmation of a good reversal.   Not exclusively a crypto thing, happens in lots of markets.   Because BTC is global and never closes its also quite a unique market to judge but I think the commentary is correct so reposting :p

[RayX12]

For the gold bugs:



and this one:

[conspirosphere.tk]

looks like a local bottom at the least.


https://www.tradingview.com/chart/BTCUSD/ae5wrDRF-Bitcoin-Dollar/


https://www.tradingview.com/chart/BTCUSD/c0BQyc92-BTCUSD-Touch-the-Down-site-Support-level/

[fabiorem]

Its already two times we reached this bottom of 6k.

Can we consider this a double bottom?

[infofront]

Its already two times we reached this bottom of 6k.

Can we consider this a double bottom?

Double bottom? Photo required!

[Jacques_Bittard]

Even if it dropped 4x during that year, it was such a good year for bitcoin.

Well, it was. Perhaps you are so laser-focused on the instantaneous price that you are blind to everything else in the ecosystem. Large investments were made in 2014, developing the facilities that provided increased utility. Which in turn led to the late 2017 spike.

Sorry, but I can't take bitcoin ecosystem with any serious consideration. That ecosystem is a payment network with 5 million active users and 7 billion $ of mining costs. If the ecosystem would have any importance on the price, then bitcoin value would be in double digits or less. Hype and high hopes dictate the price in crypto markets, not the development of the ecosystem.

[B1tUnl0ck3r]

Just hodl until 20231.

 

[markj113]

For the gold bugs:

Except your charts are nonsense.

Gold cannot be counterfeited.  It is an element and cannot be recreated.  You can buy something shiny and yellow but its not hard to work out if its real gold or not.

Sovereign - Most countries issue government gold e.g. eagles, britannias, krugerrands, pandas etc.  and what about the "Gold sovereign" is that sovereign enough for you.

Decentralised - how many people own a gold ring or piece of jewellery.  A lot more than hold crypto + you have individual investors that purchase gold in bar or coin form.

Divisible - you can buy gold down to grains (15.4324 grains to 1 gram), gold flakes, gold leaf etc.

Portability - a 1kg gold bar is the size of a smart phone, how big is a pile of fiat worth £32k?

Scarce - All the gold ever mined fits in 1 Olympic swimming pool.

Easily transactable - Depends how you define it.  Globally you can walk into a dealer/jeweller with gold and walk out with the local currency.  I have previously sold over £50k gold to a bullion dealer, walked in and funds were in my account by the next morning.  Currently have over £400k worth of gold which will be easy to sell in 1 hit when I choose too.

SMART (programmable) - Just another way of saying "adding 3rd party risk" as the programmable parameters of bitcoin are not in your control.

Biased nonsense.

[bones261]

this is the end

http://1.bp.blogspot.com/-PkBXdgK9eyI/UaPaIXezNbI/AAAAAAAAAdg/4uUBPtVjld0/s1600/the+doors+cover+new.jpg

No: this is where the bottom is WAY more close than the ATH.

Of course. The bottom is less than $7000 away, the ATH is $13000 away. (absolutely 100% certain, not guesswork !)

There is a point to thinkng about it this way.

Shouldn't we be using a different scale here rather than linear? A 50% drop seems ~ equivalent to a 100% rise, due to simple supply and demand. I know the right scale isn't exactly parabolic due to Fomo and panic selling; however, I would expect the rise in support would eventually reach a bend in a J curve and some low price.

[markj113]

p.s. gold supply is infinite in an infinite universe, please stop spreading fake news .

No probs, if you can supply it in unlimited quantities below current market rate drop me a pm.

Didn't realise Pivx was funding an interstellar mining operation, you should pair with wirelesscoin that were doing timetravel

[B1tUnl0ck3r]

p.s. gold supply is infinite in an infinite universe, please stop spreading fake news .

No probs, if you can supply it in unlimited quantities below current market rate drop me a pm.

Didn't realise Pivx was funding an interstellar mining operation.

just solar for starter... trying to keep expectations low . the problem is that you can't store it in unlimited quantities... .