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Question: 9/19 Closing Price:
0 - 1 (1.6%)
<$10,000 - 3 (4.8%)
$10,000-$10,500 - 2 (3.2%)
$10,501-$11,000 - 13 (20.6%)
$11,001-$11,500 - 19 (30.2%)
$11,501-$12,000 - 8 (12.7%)
$12,001-$12,500 - 7 (11.1%)
$12,501-$13,000 - 2 (3.2%)
>$13,000 - 3 (4.8%)
>$20,000 - 5 (7.9%)
Total Voters: 63

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22484803 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. (148 posts by 37 users deleted.)
Majormax
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April 15, 2018, 02:27:16 PM
Last edit: April 15, 2018, 02:39:34 PM by Majormax

I will leave this one here:



Using your chart ...  2014 high  $1150   low $188      = Fall of 84%  Peak to trough  took ~14 months


Applying that to current situation :  84% fall from 2017 high of 19500   = $3200 approx in around Feb 2019.


If you are a Hodler, it may alleviate anxiety to use this roadmap.  The low would only be 9 months away, although the recovery would be slow.
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April 15, 2018, 03:14:16 PM
Merited by JimboToronto (1), Torque (1), ssmc2 (1), soullyG (1)

Torque
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April 15, 2018, 03:17:34 PM

^^^^^
Love that pic jojo
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April 15, 2018, 03:18:45 PM
Merited by JimboToronto (1)

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/
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April 15, 2018, 03:24:11 PM

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/

Yeah April 2013 comparison would honestly make more sense. My belief is that whales were charging up into the market because they already knew the real game was coming later into the year. So they were already accumulating even though April looked like a bubble. People have to understand that this is a really thin market, so any heavy accumulation on exchange will cause massive bubble swings.

So my theory now is that, if we don't see another significant drop in the coming 6-8 weeks, it means that this is just a pre-show to something bigger coming soonTM. Otherwise the whales would just trade this thing back down to pre-Nov levels, let it go and be done with it.

Why would you pump hundreds of millions (billions) of dollars over a year's time into a market that was just going to go back down? You wouldn't.

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April 15, 2018, 04:02:11 PM
Merited by infofront (1)

I'll get cryogenically frozen when I die, and let the future sort out my problems.

Infofront: a wannabe Philip J. Fry!
If the future keeps unfolding this way you're better off dead than alive Grin

By the way, I picked the price right for today in the poll: that might need an update tomorrow. Thanks!
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April 15, 2018, 04:19:18 PM

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/

Yeah April 2013 comparison would honestly make more sense. My belief is that whales were charging up into the market because they already knew the real game was coming later into the year. So they were already accumulating even though April looked like a bubble. People have to understand that this is a really thin market, so any heavy accumulation on exchange will cause massive bubble swings.

So my theory now is that, if we don't see another significant drop in the coming 6-8 weeks, it means that this is just a pre-show to something bigger coming soonTM. Otherwise the whales would just trade this thing back down to pre-Nov levels, let it go and be done with it.

Why would you pump hundreds of millions (billions) of dollars over a year's time into a market that was just going to go back down? You wouldn't.



Agreed. The next 2 months are definitely critical  Grin
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April 15, 2018, 04:28:31 PM

Good morning Bitcoinland.

Seems we're having another quiet weekend with a slight rise... currently $8305USD/$10479CAD (Bitcoinaverage).

Last week instead of a Monday rise we had a dip but it was wiped out by a healthy recovery a few days later. Let's see what this week brings.

Many are predicting a major rally after the USA tax date this week but I'm not so sure any single country has that much influence, at least not in the short term. Even major events like Japan officially legalizing Bitcoin take some time to digest. Response to negative events happens much more quickly due to the opportunity to shake out weaklings with well-orchestrated panics.

That said, I think it's reasonable to expect 5 digits by the end of April or early May and $12.5k by the end of May. Then? Watch out.

Go Bitcoin go.

If we're comparing to previous drops why not compare to this one...

https://www.tradingview.com/chart/BTCUSD/cy1UAvLl-2013-vs-2018/

Indeed.
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April 15, 2018, 04:46:29 PM

If we're comparing to previous drops why not compare to this one...

Because the last pump to $8k was just Bitmain trying to rig the price to make it profitable for their mining monopoly.  There is no aggregate market demand from noobs lining up on Coinbase.  Whenever Bitfinex is the center of the price movement it's always a scam because no normal humans trust that exchange with a dime.  The Chinese mining monopoly are the ONLY people who use that exchange at all with big weight, so of course it's them.

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April 15, 2018, 05:08:39 PM

Oh wise roach keep enlightening us with your knowledge
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April 15, 2018, 05:28:26 PM

I would like a place with nice weather Wink where I may eventually retire.
The whole ERTH thing started to get on my nerves. Too much crap all over.
I would like to have an ability to be left pretty much alone with my immediate family, yet maintain some western style comforts.
Too much to ask?

There are plenty of places in this world with a very low population that are quite nice. How much “alone” are you loooking for?  

This looks fairly decent for the price of a high end house in a major US city.  Vanuatu is one of the nicer places in the South Pacific.

https://www.privateislandsonline.com/south-pacific/vanuatu/lenur-island

If you don’t want to spend that sort of money, a sailboat will get you a long way from anywhere.

Vanuatu.  The only reason I know where it is is from the daily reports of earthquakes and volcanic eruptions.

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April 15, 2018, 05:31:51 PM

I will leave this one here:



While the break of $5k would sooth my OCD, The comparison is not compelling.  Once -they- tire of wrecking shorts, there will be a spate of long destruction before any serious level up, IMO.
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April 15, 2018, 05:34:29 PM
Merited by d_eddie (1)

Oh wise roach keep enlightening us with your knowledge

Please don't encourage him  Wink
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April 15, 2018, 05:40:13 PM

Alistair Milne

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@alistairmilne

Bitcoin bull price predictions:

@PanteraCapital: $20,000 this year
@fundstrat: $25,000 this year
@APompliano: $50,000 this year
@alistairmilne  $35,000-60,000 by 2020 halving
@TimDraper: $250,000 by 2022
@BKBrianKelly: $250,000 by 2022
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April 15, 2018, 05:41:18 PM

Oh wise roach keep enlightening us with your knowledge

Please don't encourage him  Wink

That's more like anti-encouragement. Sad little people like that live off negative attention.
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April 15, 2018, 05:42:25 PM


Also, he somehow managed to go from >100m to 4m during the financial crisis, which makes his calls... questionable.


His calls are total shit. Doge crashed ever since he made it his coin of the week on 8 Jan. Shorting his coin of the week will make you rich. Taking his advice will make you rekt.

Yeah I was watching his calls to see if there were any predictable patterns. But I ended up too lazy to accumulate random shit just to short his calls and sticked with my usual strategy instead. Still waiting to see how the ICOs he endorses turn out in the future. As far as I'm aware he takes a ~30% cut of the raised funds plus another 30% of the tokens for his shilling, and with those numbers I wouldn't expect too much due diligence on his part.
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April 15, 2018, 05:43:48 PM

Oh wise roach keep enlightening us with your knowledge

It doesn't take much remote viewing capability to sense what Jihan Wu and his merry band of yellow Jews are up to.
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April 15, 2018, 05:57:23 PM

I would like a place with nice weather Wink where I may eventually retire.
The whole ERTH thing started to get on my nerves. Too much crap all over.
I would like to have an ability to be left pretty much alone with my immediate family, yet maintain some western style comforts.
Too much to ask?
I'm thinking of planning out my own home/property that is entirely self-sustained for everything relevant.

Salmon pond/lake, perhaps shrimps if you can raise them "at home" somehow to feed the salmon (and myself). Have the water somehow create a cycle that cools the Bitcorn farm that is powered by state of the art solar panels with the excess heat warming a greenhouse with herbs and "herbs" all of which get watered by the lake-water cycle. Perhaps have some animals dicking around for eggs and meat (especially if private labs become a possibility). Then the obvious spa/pool/sauna, a gym, a home arcade, theatre, music room, a racing track(?) and other frivolous luxuries that are available and viable. Turns out private live-in chefs are relatively cheap too at 20 to 40k a year. And then just occasionally leave the property for travel.
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April 15, 2018, 06:22:30 PM

I would like a place with nice weather Wink where I may eventually retire.
The whole ERTH thing started to get on my nerves. Too much crap all over.
I would like to have an ability to be left pretty much alone with my immediate family, yet maintain some western style comforts.
Too much to ask?
I'm thinking of planning out my own home/property that is entirely self-sustained for everything relevant.

Salmon pond/lake, perhaps shrimps if you can raise them "at home" somehow to feed the salmon (and myself). Have the water somehow create a cycle that cools the Bitcorn farm that is powered by state of the art solar panels with the excess heat warming a greenhouse with herbs and "herbs" all of which get watered by the lake-water cycle. Perhaps have some animals dicking around for eggs and meat (especially if private labs become a possibility). Then the obvious spa/pool/sauna, a gym, a home arcade, theatre, music room, a racing track(?) and other frivolous luxuries that are available and viable. Turns out private live-in chefs are relatively cheap too at 20 to 40k a year. And then just occasionally leave the property for travel.

Sounds good, plus some kind of cloaking mechanism?

Started to dream when we were higher up, its not that far away again now.   Smiley




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April 15, 2018, 06:23:00 PM


Also, he somehow managed to go from >100m to 4m during the financial crisis, which makes his calls... questionable.


His calls are total shit. Doge crashed ever since he made it his coin of the week on 8 Jan. Shorting his coin of the week will make you rich. Taking his advice will make you rekt.

Yeah I was watching his calls to see if there were any predictable patterns. But I ended up too lazy to accumulate random shit just to short his calls and sticked with my usual strategy instead. Still waiting to see how the ICOs he endorses turn out in the future. As far as I'm aware he takes a ~30% cut of the raised funds plus another 30% of the tokens for his shilling, and with those numbers I wouldn't expect too much due diligence on his part.

You guys missed the memo!

McAfee's account was hacked.  He says he NEVER does the Coin of the Week.
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