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

[Ludwig Von]

Toxic, I love your chart efforts. They are (ch)Art. Altough mostly your optimism in the work seems a bit neglected by honeyBadger 's behaviour.  

Stevie wonder can see the chart better than you.

That is for sure !

[RoomBot]

this moment When Where Going down ..... i can only be happy its saturday , the more of a good excuse i have to get totaly drunk @dinner This evening  So still not on my last Smerit thanks to bob  but Shore AS hell if i’m wasted This evening i must send a drunk merit,
Actually its pity cause i thought we were crossing 10k by now but ok its Just hodl and wait a little longer, Just Another wave to ride and Another dip to buy So to all the hodlers HODL and all the trolls(roach) take one of youre moments to spread Some FUD we love iT knowing you Just sitting on the side lines NOCoining 
And let us see how critical the next 24h gonna be ...... let the fools sell BTC to stronger HODLhands Common !

With all the brave souls out of the closet here on WO, it's about time for me to come out today too, as a Small Player.  Tiny.

So be happy for the Proletariat like me who can afford to buy some of this lovely dip today.

I for one, am psyched.

Long-term HODLers have nothing to fret about.  Buy the dip already!

[Toxic2040]

Toxic, I love your chart efforts. They are (ch)Art. Altough mostly your optimism in the work seems a bit neglected by honeyBadger 's behaviour.  

Stevie wonder can see the chart better than you.

That is for sure !

I dont see why attempts at TA have to be boring.

[jojo69]

[JayJuanGee]

They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish

I panic-bought TFD at $8340 so I can sleep better this weekend. Not that it matters a year from now.

Are you suggesting that a year from now, BTC prices are going to be at such a level (higher than now) that the difference between buying at $8,340 and buying at $9,340 is not going to make a very BIG difference? 

What kind of BTC price are you thinking?  Somewhere north of $20k?   

I personally am thinking that if we get another exponential BTC price rise before a year from now, then there are decent chances that testing of BTC price support would stay above $20k, but surely nothing in BTClandia has any kind of certainty... and I suppose, even a decently played out bullish price movement scenario that pulls bitcoin into the $100k price territory within a year or so, would have decent potentialities of returning to test price support areas below $20k.

[JayJuanGee]

Why are we still bleeding so badly? What's going on?

Re-quoting for ya:

When a legendary speaks like a coward...

...and BTW, the last time you spoke like that was on 6th February (seconds before the pump), so I'm taking your this comment as a signal of the next big pump.

hahahahaha

This guy/gal/bot, is just spouting out misleading nonsense to be asserting "bleeding" bullshit.  Is this a sign of shill desperation, as you seem to be suggesting, Raja?

[Searing]

They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish

I panic-bought TFD at $8340 so I can sleep better this weekend. Not that it matters a year from now.

Are you suggesting that a year from now, BTC prices are going to be at such a level (higher than now) that the difference between buying at $8,340 and buying at $9,340 is not going to make a very BIG difference? 

What kind of BTC price are you thinking?  Somewhere north of $20k?   

I personally am thinking that if we get another exponential BTC price rise before a year from now, then there are decent chances that testing of BTC price support would stay above $20k, but surely nothing in BTClandia has any kind of certainty... and I suppose, even a decently played out bullish price movement scenario that pulls bitcoin into the $100k price territory within a year or so, would have decent potentialities of returning to test price support areas below $20k.

yep...I see it going sideways at best for till the end of the year...my view is that mt. gox has to wrap up the liquidation from the trustee's point of view (for them to get paid

and done with the liquidation) by the end of this year....is my guess ....thus 1.9 Billion BTC to USD in the next 8 months that 'pig' has to be digested by the Bitcoin Python

can it be done, don't know...but if it can be and the price goes sideways..that is my best case...at the way mt. gox trustee always panic sells on exchanges directly and kills his

own price point, by the mass of BTC he moves, and always selling on the low/drop in price (panic sells)...BTC IMHO could go as low as 3k IMHO...

NOW IF ...the mt. gox trustees sold outside of exchanges (most likely the folk would hold) and stated they are going to move so much coin in increments on a time frame

till the end of the year at best manner possible...then perhaps..it would not matter and the price could go up...but with the cluelessness or just plain spite these 'banker connected' lawyers

liquidating mt gox have taken...I sometimes wonder if they are not making  this a 'train wreck' just so when they go back to representing the Japanese banks they can show

they f*cked the BTC ecosystem as much as legally possible on this liquidation...

[vapourminer]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

it shows two within a 30 mile radius of me. might have to buy some at one of them just for the lulz as ive never used (or even seen) a btc atm yet.

actually, I think I'm going to drive over and dump a C note in one just to check it out

my thinking exactly.

[cAPSLOCK]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

[cAPSLOCK]

 Normal life for traders

Bear with me here...
Bear here?
Bare?
Bear?
BEAR?
BEAR!
BEAR!
BEAR!

BEAR!
BEAR!
BEAR!
This is madness! I cant take it anymore.
BULL SHIT!
Bull Shit?
Bull?
BULL?
BULL!
BULL!
BULL!
..with me here...

Your 11:7 bear:bull ratio seems a little over-positive for you.

[JayJuanGee]

Is there anyone who think that big fee was one of the most important thing that made bitcoin what it is now? And now fee aint so big like it was.

If people resell some product from  person a, b, c, d .......i, and if fee is 1% then passing through 10 people price go up for 11% WITHOUT any external effect that would make price rise (or drop).
Imagine if there was no fee....or if fee was 1 time bigger....would shit be different?

Or let me ask you, if fee was 20% bigger (compared to current fee), you think bitcoin value would be bigger now? it would not be so a lot bigger that people would from start say "i gona gona stay away from this stuff, its to big fee", but all transactions would raise price

Problem happened when altcoins market % started to rise (but bitcoin was already high at that point) and there was to much of disscusion regarding fee.

I think big fee made bitcoin what it is.

What the fuck are you talking about screwball?  

Bitcoin has never had BIG fees - except for your wanting to make up facts that are based on short term spam attacks that took place for nearly two months between early December 2017 and late January 2018 - and that were likely too costly for the attackers to continue to keep, even though nutjobs shills like you and them like to spout out such attempts at "facts" based assertions.

I recognize that with your blabber, you are attempting to paint a longer period of BTC prices rising through time, as compared with nearly free fees that existed through several years of its beginning - perhaps more than 5 years of nearly non-existent BTC transactional fees.

The fact of the matter is that the most recent December 2017/January 2018 spam attack demonstrated that fees could serve as a mechanism that increases costs for attackers and creates second layer incentives, which kind of ran contrary to the incentives that the spam attackers were trying to create, which likely contributed to their choice to discontinue the spam attacks and to stick to pure fantasy propagandizing (like what you are doing) because such fantasy assertions do not cost as much to maintain and they may even achieve better FUD spreading results to attempt to trick folks into using non-bitcoin coins.  

[sirazimuth]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

Except for Jimbo....

[STT]

They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish

Thats a western paradigm which holds alot of weight when the centre of the universe is Washington manufactured USD but with Bitcoin I do expect a seperate dynamic more globally based.  Apart from the price being quoted in dollars I really think the driving force is from Asia or any productive nation especially outside the inner circle of QE reserves.   I believe more selling exists in western markets then what is really driving Bitcoin up more then most of us expected long term.

Ever since the Death Cross late March bitcoin price has found resistance at the daily 200 MA. We are in a bear market until price breaks through the 200 MA. Also testing the 50 MA right now: if 50 MA does not hold next resistance range is $6400 - $7300.

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/deathcross-1.png

Best case scenario IMO is we are range bound between the 50 and 200 MA until one or the other is breached.

Its not what I'd call a bear market, it feels alot more positive.   A rising 200 day average also seems to clash with that, maybe in time we see that measure turn negative and we should expect some decline and more challenging action.    I see indecision perhaps but not a negative market.

If June ends at these levels, it will be bad news for the end of 2018. you need to show us the peak. this speed is not enough for us.

I'd be fine if we end 2018 hovering anywhere round 10,000, I would never have guessed that previous to 6 months ago.   Worst case to me is to flip with high volatility and for BTC to be so unpredictable it throws and deters longer term investment and usage.   So if flip between 1k and 10k violently then sure, but just being boring and going sideways into 2019 at around this price level then its fine.
Maybe its bad for speculators and exchange monkeys hoping for the bigger swing but its really the base users who matter more.  Its possible futures have stolen some of that action, I would guess its some competition and pricing operating off the chain.

If the wider implication for BTC is we need to accumulate price or its somehow a negative then I really hope thats wrong.  Price should not equate to flight speed where we stall if we dont break 10k, I really disagree. Price is just an arbitrary figure and the world should be served by BTC at 3k just as much as it is at 10k.   Its a problem if that were true, price very likely rises from growth but unlike the FED I dont want to call inflation growth.



I dont know if its especially useful but I'm going to leave the channel in as I think it effects prices some. I still expect more positive action then prior to us leaving the trend down

[Torque]

IT'S OVER 3000!

https://coinatmradar.com

With a +7-10% buy premium, people will never use them though.

This is not true.  People will use them for the novelty of owning bitcoin, or for buying very small amounts.  Or because they don't have a better way to do it.

But I agree with the spirit of your post.  Until these things begin to become competitive they will stay in the general realm of being a novelty.

TBH I'm not sure what these Bitcoin ATM operators are thinking with having those premiums so high. I assume it's an attempt to recoup the cost of the ATM itself maybe? But they would do well to get those buy premiums down to at least 2-3%, otherwise people will just jump online to do it.

[jojo69]

Code:

10 buy 1 LTC for 0.0166 BTC
20 sell 1 LTC for 0.0167 BTC
30 goto 10

[bitcoinPsycho]

Btc price=rnd×1.76845779

[PoolMinor]

Code:

10 buy 1 LTC for 0.0166 BTC
20 sell 1 LTC for 0.0167 BTC
30 goto 10

This brings me back to the gold old Commodore Vic 20 days, prior to being able to use the data cassette unit to run programs.

[Elwar]

Code:

10 buy 1 LTC for 0.0166 BTC
20 sell 1 LTC for 0.0167 BTC
30 goto 10

This brings me back to the gold old Commodore Vic 20 days, prior to being able to use the data cassette unit to run programs.

I had the Vic20 with cool games such as the tooth brushing game and several math based games.

My introduction to programming was:
10 print "Chad is cool"
20 goto 10

Over time I did several print messages to make it look like an ASCII rocket going up the screen. I guess I was preparing for BTC even back then.

[jojo69]

It's funny guys.

My first "computer game" experience;

My dad brought a state of the art HP calculator home from work.  This thing could read (and write) programs on small, like 10mmx40mm mag strips.  you would feed the strip into a slot in one side and little rubberized feed wheels would spin up and spit it through and out the other side.

One of the program strips included when the unit was delivered was a "moon lander" game.  It was turn based.  It would briefly display your speed, range to the surface, and remaining fuel, then you would be prompted for a fuel burn input.

Yes, I did land it that night.

Yes...I am old.

[nanobtc]

Vic-20? I went for TI-994a. 16 bits, and all that.