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

[TERA2]

Associating a number with an emotion is not rational and is only a reflection of your own position.

[1714487106]

1714487106

[1714487106]

1714487106

[1714487106]

1714487106

[cAPSLOCK]

yuh almost all the legendaries round here are xmr infiltrators

You gotta admit though, for the most part we are not shillers in here, and most of us are really hybrid BTC maximalists.

On topic... Lord have mercy I suppose this was coming after so much plus side... everyone hold on!

[CryptopreneurBrainboss]

Looking at the movement of the market I predict the price to be between $9500-$10,000. I prefer a stable growth then a pump, if it can grow by $500 monthly its cool by me then a sudden pump to 15k you know what that brings right 😂 a dump or let use the right world (correction).

[TERA2]

Associating a number with an emotion is not rational and is only a reflection of your own position.

... but... but... you associated a specific number (in this case, $6144, specifically) with - arguably - negative emotion.

Rational or not. What does that say of YOUR own position.

Hmm.

There was no emotion. I used math. The first poll was $24,XXX and the next poll was $12,288, so I deduced the third poll would be $6,144 if the pattern continued plus the crypto winter followed through which is well within the realm of possibilities on the chart.

My position is I still hold the same amount of coins I've held since 2013, but with all of the 2017 and 2018 trading profits taken off the table, and about 3% still left on exchanges waiting to obligatorily retake some altcoin positions before I leave, which I missed and is why I'm still here. If it goes down I buy altcoins. If it continues to goes up I may sell bitcoins. A win win.

You think down is negative. I think up is negative. It's not time for hyperbitcoinization right now and the infrastructure isn't there yet. It will just be a huge pump and dump where everyone loses their shirt and bitcoin gets banned. Better to go slow.

[cAPSLOCK]

Oof. Sorry for the off-topic, peoples, but, I just have to ask... "Are Ethereum tokens toast ?"

https://etherscan.io/tx/0x1abab4c8db9a30e703114528e31dee129a3a758f7f8abc3b6494aad3d304e43f

https://support.okex.com/hc/en-us/articles/360003019292

Looks pretty fucking serious to me.

Is it evil that I hope so?  I really really do.  Etherium is a continued blight on crypto.

[Totscha]

Can't wait for the $6144 contest.

Sign me up!

18/05/2018

      them boys that would like to buy in for cheap because they where allways saying BTC is to expensive we will buy when it drops....... and when it drops saying BTC is over..... and now hoping it will go down again for the exact some story, many crossed my ways .... there will allways be a nice group of nocoiners , but everybody got its own opinion offcourse
if BTC would go to very deep numbers let us say 2-2.5k then 6144 would maybe be a LIST target to play for
but i prefer the other way and bigger numbers to let some people freeroll into and to get really lucky
but nice to see there are some that prefer to sign up for lower numbers with "sign me up"  and indirectly hope for all the others to fail NICE    
but i think most of all this can only come from people whitout BTC  

I use what I like to call 'zoom out technical analysis'. I'm not saying this is what will happen, but in my mind a retest of 6k support in the next few weeks cannot be ruled out. Hence; 18/5/2018

Shit, I'd be happier if it was $12k+ by then, but I'm not holding my breath...

[pacman7331]

Dude guys it could easily bounce off the 60 rsi.. done it about a bajillion times before.

[El duderino_]

There was no emotion. I used math. The first poll was $24,XXX and the next poll was $12,288, so I deduced the third poll would be $6,144 if the pattern continued

Ok.

* BobLawblaw pats TERA2 on the head.

If the pattern would be Going ..... but to create a time Where i am making a list off 6144$ than the price have reached a deep .... i mean So deep that half the forum panic sold everything
So better let us stay in This area and go steady upwarts
Offcourse 6k isn’t ruled out.... but nothing is ruled out and with that in mind i Just prefer the upperway .....

[El duderino_]

Going under vegeta isn’t ruled out as well for  pitty 

[Spaceman_Spiff_Original]

I did great until end of February-March, then I got overconfident again and since have been making mistake after mistake, going leveraged when I shouldn't have etc. At more than 1 point did I manage to actually buy/sell the local top/bottom.
After going through a period of grief for my lost stash, I now barely look at the charts anymore.

TL;DR : When you are a greedy pig, try to make sure you are not stupid as well.

[infofront]

It seems like when I pay attention to the forum most, it's like watching paint dry. Yet, if I go out of town for a day or two, I come back and find 20 pages of swastikas and "gas the joos!"

[d_eddie]

My rookie conspiracy theorist take on the current price movement.

How about the PTB are trying to suppress bitcoin and generate despair through aimless volatility?

[CookieFactory]

I sold my trading stash over the weekend at ~8900. Looked dumb yesterday but increasingly better  

Will looking hard at the 8600 level and if it drops below that, ~6200.

[Elwar]

These prices are soooo last week..

[jojo69]

well shit

[rafanadal]

[greensheep]

bounce baby bounce

[Toxic2040]

blah blah blah I'm normally a huge TERA fan but since I'm long it's time to bash TERA and call him a short and post charts showing a new ATH in  June and $1 million by 2020.

No I'm not short on altcoins but I wasn't holding any either. And I think it's incorrect to say that past chart patterns are irrelevant. I actually used a chart from 2010 to get in on a rally in 2013.

I tried and actually think I have succeeded in engaging with you and welcoming your thoughts back into the community. But as usual in my experience, when someone is promoting an agenda or not being truthful...mistakes are made. This was when your merit count was low and everyone was convinced that you were not TERA of old..but a hack. I am not 100% convinced you are that person, but it really is irrelevant as to who and what you are. If you bring quality content that has insight and entertainment value..I am all for it. If your going to bitch and complain when things dont go as you  predict or hope. Not so much sympathy here anymore.

From where are you getting the figure 300 million?  Are you anticipating a 10x increase in users in the near future, because currently, it seems that the user base is perhaps around 30million, at best.

Define "near future"? I was extrapolating this data to include the next halving. So I think within the next 18 months we will feel the impact more acutely. I got it off one of my twitter feeds I am sad to say..and tbh I cant find it atm. I am pretty sure I liked the article..so I probably just need to dig a bit deeper to find it. Processing.

Well, I was pretty much asking you about what you meant by 300 million... because we seem to be a long fucking way from 300 million.

I kind of anticipate that the price is going to rise a lot faster than the adoption.... so perhaps we may only need a doubling in the user base in order to get a 10x increase in the price.

In my thinking a 10x increase in the adoption rate would probably be 100x or more in the price... Isn't that approximately where metacalfe's law takes us...?

You seemed to have been implying that 300 million was a present number, and your clarification of 18 months seems a bit too soon; however, possibly in a few more years, we may reach 300 million... perhaps 2022?  Yes, I am guessing, but my guessing seems to be more conservative than yours, no?  

I cant find that..and digging through twitter likes feels like a personal hell this morning. If I implied or if it was misconstrued I apologize. It is a big guessing game. There are quite a few Information Rules that might be applicable imho.
You are correct with your estimations to a certain extent. If you want to read more on this at a very high level you could try here. There is good data being gathered Jay..but its so thin and the market so relatively new that there is a wide range for error.

We present an approximate analytical solution for the connectivity of a network model with a “non-simultaneous” linking scheme. This model exhibits node-space correlations in the link distribution, anomalous fluctuations in the time series of the connectivity variable, and a finite-size effect: the maximum number of links occurs away from the critical value of the system parameter. We derive an exact Master Equation for this model in the form of an infinitesimal time-evolution operator. Fluctuations are much more important than the mean-field approximation predicts, which we attribute to the hetero-geneity in the model. Finally, we give a sketch of possible real world applications where the value of a network is related to the number of links.

https://ac.els-cdn.com/S0960077918300249/1-s2.0-S0960077918300249-main.pdf?_tid=d524569b-2ae8-49e3-aebb-062776a18808&acdnat=1524664980_6000bcfc5067e80c3e77c59d951ccf08

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Bitcoin
Possible hotdog pattern spotted on the chart. #btfd

*edit*  forgot to drop in the real chart..sorry.

There will be a retrace involved here..just have to see how high we rebound. Looks to me like someone was exiting Coinbase..$175 discrepancy as of now...interesting.

[ivomm]

Last chance for Debbie (aka Tera2) and other trolls to become coiners before passing 10K for good!

[UnDerDoG81]

Morons in full panic mode again 
Soros having fun with idiots triggering sell off.