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

[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... .

[Dakustaking76]

Lol what does the new poll means about bitcoin cash??? Taking over bitcoin core And Be the real bitcoin??
Sarcasm ore do you guys mean it?

[bones261]

Lol what does the new poll means about bitcoin cash??? Taking over bitcoin core And Be the real bitcoin??
Sarcasm ore do you guys mean it?

There should be the option of never on the poll. 

[RayX12]

Sound like you can avoid paying taxes on crypto if you move to Puerto Rico?

https://www.democracynow.org/2018/3/21/the_battle_for_paradise_naomi_klein

"But in addition to that, these twin laws, Act 20 and Act 22, mean that if you relocate to Puerto Rico for just half the year—so you can basically just skip winter, which I’m sure, to New Yorkers, sounds very appealing just about now—so you spend 183 days in Puerto Rico, and, in return, you don’t pay federal taxes. You don’t pay taxes on dividends. You don’t pay taxes—capital gains taxes on interest. And if you change the address of your financial services company or your cryptocurrency company, then you’d pay a 4 percent corporate tax rate. So, if you think about what’s just happened to U.S. tax law, where Trump has offered this huge tax reduction which brings the corporate tax rate to 20 percent, Puerto Rico is besting that with a 4 percent corporate tax rate. So they’re doing absolutely everything they can to lure high-net-worth individuals and these very mobile industries, that basically can do what they do from wherever they have access to data. And so, now there’s a big push to attract the cryptocurrency market to Puerto Rico."

A review of this article by Keiser report here:

https://www.rt.com/shows/keiser-report/422841-episode-max-keiser-1208/

[mike4001]

Nice pump.

Should I now sell everything before the inevidible dump ?

[samson]

What's up with that new poll, it's a bit weird ?

[Jacques_Bittard]

Nice pump.

Should I now sell everything before the inevidible dump ?

Probably.. the general rule is that you sell during this quick pumps. Quick pumps like that are meant to cause FOMO and because of that, a slow bleed downwards will probably follow.

[scum]

Nice pump.

Should I now sell everything before the inevidible dump ?

No wait until summer and sell before the inevitable dump at $100k/$200k.

[ssmc2]

What's up with that new poll, it's a bit weird ?

I think we've been April fooled

[RayX12]

For the gold bugs:

....

Biased nonsense.

Proof is in the price:

[markj113]

Proof is in the price:

So you are comparing 1 bitcoin to 1 troy oz?

How did you come to those units of measurement.

Gold is often sold in grains, grams, imperial oz, troy oz, tolas, taels, kg, tonnes.

Direct comparison is impossible.

Try comparing total market cap and come back to me.

[B1tUnl0ck3r]

Proof is in the price:

So you are comparing 1 bitcoin to 1 troy oz?

How did you come to those units of measurement.

Gold is often sold in grains, grams, imperial oz, troy oz, tolas, taels, kg, tonnes.

Direct comparison is impossible.

Try comparing total market cap and come back to me.

the price doesn't have to reflect reality . Why would it?