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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390982 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
mindrust
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April 05, 2018, 07:11:36 AM
Merited by infofront (1), RejectedBanana (1)

I am not considering this a dump. Nowhere near. This is just a healthy correction. If you take a look at he charts you'll see.


See? We are still on track.

On the other hand, I am not saying this will go like this. It very well may not. All I'm saying is its too early to call it a "dump". Mmm mm no no no. Get back to $1-2k and that's what I would call a "dump". %80 of the people here won't give a damn as long as we stay above $5k. If we ever get to see $1k however...




next 24h are critical.

Damn right.
explorer
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April 05, 2018, 07:49:57 AM
Merited by criptix (1)


Rose:  if you are really concerned about a crypto winter, sell 10% of your holdings on the next pump over $7k so you can spend your time worrying about being bear trapped.  Its much more relaxing worrying that you will make money with 90% of your stash.  

I'm just buying enough dollars to make ends meet. We've already doomed more than I thought possible. Tomorrow is all about acceptance.

A year ago in April 2017 the price was ~$1200-1300 and you're talking about doom and capitulation?  Grin

I've been expecting $5000 since...  Well, $5000.  The transition was much too abrupt, and the area just didn't get enough lovin'.
Not that I particularly want to go there, you understand, but it seems that we should.  Just on principle.
windjc
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April 05, 2018, 08:01:35 AM

only way we gonna get a bullish weekend is if we rebound off all time lows

All time lows are around .005 cents. FYI
Karartma1
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April 05, 2018, 08:26:04 AM

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet
Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.
Yes, SPV limitations in place but I guess if we use it for spending only that is fine by me.
I've just found this article on medium, hope you like it
https://medium.com/@kingonly/understanding-lightning-network-using-an-abacus-daad8dc4cf4b
yefi
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April 05, 2018, 08:36:24 AM

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

Sounds reasonable to me. To reach gold parity in one or two decades is really an astounding feat. I do fear a bear market like no other after that point however. Nasdaq took 15 years to recover after the dot-com run-up, and perhaps Bitcoin will suffer such fate before we see more pedestrian and sustainable growth.
SidETH
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April 05, 2018, 08:43:48 AM

Factor in lost coins and you might squeeze out US$2 million per circulating coin.  That would provide a comfortable standard of living for most people on this thread. 

You mean I won't be a billionaire after all? Cry
Life is hard.

 Grin
TERA2
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April 05, 2018, 08:45:41 AM

only way we gonna get a bullish weekend is if we rebound off all time lows

All time lows are around .005 cents. FYI
This would put the price of the two pizzas at $50, but two pizzas are usually $20, putting the pizza price at $0.002, and there were probably lower prices even before that.
El duderino_
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April 05, 2018, 09:39:06 AM

I am not considering this a dump. Nowhere near. This is just a healthy correction. If you take a look at he charts you'll see.


See? We are still on track.

On the other hand, I am not saying this will go like this. It very well may not. All I'm saying is its too early to call it a "dump". Mmm mm no no no. Get back to $1-2k and that's what I would call a "dump". %80 of the people here won't give a damn as long as we stay above $5k. If we ever get to see $1k however...



offcourse but for these people that don't give a fuck just wanna stay above 5k .... there much more comfertable @ +8-9-10K....

as myself i even didn't wanna see ATH ever drop again  Roll Eyes but i just follow where the ship is going to, its logical even when we hit 5-digit numbers no one really wants too go back too 4-dig. again but it is what it is
for me we can't go fast enough up .... BUT if the ride says down first than down it is
bakasabo
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April 05, 2018, 10:09:27 AM


This looks like a magic spell

According to coinmarketcap graph we are moving slowly up. Hope we reach yesterdays price of +7300-7400
pacman7331
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April 05, 2018, 10:14:12 AM

only way we gonna get a bullish weekend is if we rebound off all time lows

All time lows are around .005 cents. FYI

2018 all time lows.
Totscha
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April 05, 2018, 10:15:54 AM


This looks like a magic spell

According to coinmarketcap graph we are moving slowly up. Hope we reach yesterdays price of +7300-7400

Day - down
7 day - down
1 month - down
3 months - down

Where can I find this mythical uptrend you are suggesting?
bakasabo
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April 05, 2018, 10:23:11 AM


This looks like a magic spell

According to coinmarketcap graph we are moving slowly up. Hope we reach yesterdays price of +7300-7400

Day - down
7 day - down
1 month - down
3 months - down

Where can I find this mythical uptrend you are suggesting?

I was just looking on todays trades on binance with 15min filter and it shows that the price is going up from 6566.69 to 6,785.26$ and heading up.

Yesterday I was checking exchange at approximately same time and the price was 7300$ +/-.
serveria.com
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April 05, 2018, 10:27:59 AM


This looks like a magic spell

According to coinmarketcap graph we are moving slowly up. Hope we reach yesterdays price of +7300-7400

Day - down
7 day - down
1 month - down
3 months - down

Where can I find this mythical uptrend you are suggesting?

Were you able to find an uptrend before all previous major pumps?  Grin  If it would be so obvious everybody would become a billionaire!
El duderino_
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April 05, 2018, 10:53:15 AM



mmmmm the nice road we are driving on , take us home too the moon where we belong .....
Totscha
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April 05, 2018, 10:56:33 AM


This looks like a magic spell

According to coinmarketcap graph we are moving slowly up. Hope we reach yesterdays price of +7300-7400

Day - down
7 day - down
1 month - down
3 months - down

Where can I find this mythical uptrend you are suggesting?

Were you able to find an uptrend before all previous major pumps?  Grin  If it would be so obvious everybody would become a billionaire!

Yes. 2016 was a year long steady uptrend.
marcus_of_augustus
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April 05, 2018, 11:26:11 AM
Merited by Torque (1), Last of the V8s (1)


... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.
Bitcoin currently has a market cap of $116 billion.  The NYSE has a combined market cap of $21 trillion.  It seems reasonable enough that the Bitcoin ecosystem could rival the NYSE in market cap, especially if security tokens start cannibalising the traditional stock exchange model.  Of course to get there, we need side chains which can provide coloured coins or similar tokens.  But people are working on it.  

... for these purposes, comparing bitcoin 'market cap' with NYSE market cap would be only be marginally useful and maybe even misleading. Stocks on the NYSE are shares in companies that generate earnings. Bitcoin is primarily a monetary asset, like gold, euro, jpy, FRN debt notes (and their electronic substitutes), total monetary assets on the globe total ~$100 trillion equivalent.

However it is not cut and dried, since the current western monetary model of using Tier 1 capital (usually sovereign and multi-national corporate paper) to 'back' fiat deposits, through fractional reserve models, has muddied the accounting waters sufficiently that devising reliable metrics for assessing total 'monetary' assets quickly becomes a confidence game of which nutshell has the pea under it. Now factor in depreciating fiat promissory notes, through intentional monetary inflation, that scares a lot of wealth into many alternative assets such that real estate, fine art, collectibles like classic cars, etc become partially 'monetised' in waves of successive speculative bubbles. Then the total available market/latent demand for a sound currency (mildly deflationary or neutral) that can successfully be used for global medium of exchange, storage of value and unit of account, could conceivably be as high as ~$200 trillion (today usd equivalent), after all the speculation, excesses, misallocated resources and monetary premiums are drained out of other assets that it is suboptimal to have monetised.
HairyMaclairy
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April 05, 2018, 11:45:35 AM

My good sir, the stock exchange model with its broker dealers is under threat.  We will see entities such as Circle list regulated security tokens by the end of this year.   The barbarians are at the gate and the NYSE and their ilk know it.   The SEC can stand and fight the good fight, but no regulator wants to see its markets quashed by more agile international competitors.  They would have nothing left to regulate.  The SEC will bend like the wind in the willows.  

I was talking about the value of the Bitcoin ecosystem if all shares currently listed on the NYSE were converted into dividend paying security tokens.  Paying dividends in Bitcoin, stable coins or something else.  But Bitcoin has the capability of being the global securities system and a global currency, all rolled into one.

It is coming.  Bitcoin is far more than merely sound money.  We must take off our 2014 eye glasses and put on our 2020 spectacles.  
dxbcoin
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April 05, 2018, 11:48:03 AM

Aren’t we already pretty much oversold yet?

Nah man, look at the RSI on Daily chart, it showed the price has been trying to go up but whenever it got out of oversold area, it went up not so much then the bear 🐻 push it down again. Sighs
TERA2
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April 05, 2018, 11:49:12 AM
Merited by explorer (1)

Oh yes well have the entirety of the world's assets on a single irreversible ledger. That way when the technology fails or there are cracks or a private key is misplaced, it can create catastrophic failures in the entire world economy. All at once - boom - gone *troll meme in background*.
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April 05, 2018, 11:49:40 AM
Last edit: April 05, 2018, 12:12:58 PM by Torque

Stocks on the NYSE are shares in companies that generate fake earnings through massive stock buybacks and other accounting chicanery.

FTFY. Sorry marcus, I couldn't resist.  Grin

Prime example: http://www.businessinsider.com/apple-stock-buyback-program-2018-4
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