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

[Hueristic]

This small dump doesn't make much sense, don't sell. Volumes are low don't get fooled by those who want your coins. Remember there are only 21M (and we all know there are even less due to losses and such).
Let the panic unfold before your eyes but, don't be afraid. You all know how it works

So are these futures markets akin to creating new coins that will never have to be bought from the current pool as long as the market keeps moving in their collective majority direction?

[Karartma1]

Future markets have already manipulated every underlying assets they touch WITHOUT having to deal with the real asset. I only care about the real number of bitcoins traded on the exchanges (which is not accurate but at least it gives us an idea). And, if there are exchanges that are playing with fire (fractional reserve anyone) let them burn. Bitcoin does not need exchanges in the long run anyway

[JayJuanGee]

Future markets have already manipulated every underlying assets they touch WITHOUT having to deal with the real asset. I only care about the real number of bitcoins traded on the exchanges (which is not accurate but at least it gives us an idea). And, if there are exchanges that are playing with fire (fractional reserve anyone) let them burn. Bitcoin does not need exchanges in the long run anyway

Your underlying premise, Karartma, seems to be correct that real bitcoin should be more valuable than ones that are held by third parties or represented on pieces of paper that might not materialize the actual bitcoins.  So, if there are attempts to manipulate the price of bitcoin through these pieces of paper that fictionally represent bitcoins that are not backed by actual bitcoins, then those could merely be attempts to trick peeps into selling their real bitcoins, perhaps?  Maybe peeps are only going to be tricked for so long about the fictional bitcoins that are represented on pieces of paper that are not actually verified to have the coins, on the blockchain?

[Rosewater Foundation]

You know I love you guys, but this thread is beginning to feel like a cargo cult. John Frum is not coming back.

[bitserve]

You know I love you guys, but this thread is beginning to feel like a cargo cult. John Frum is not coming back.

That's exactly what people kept saying during 2014/2015.

[LFC_Bitcoin]

Currently 18.5% of your guys think BTC will be over 12K May 31 
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

[JayJuanGee]

Currently 18.5% of your guys think BTC will be over 12K May 31 
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

moneyForjam = wishful for thinking

[Majormax]

Currently 18.5% of your guys think BTC will be over 12K May 31 
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Only 8 days away.  There is a very high probability of  7500-8500. IMO a pointless vote.

[Majormax]

Currently 18.5% of your guys think BTC will be over 12K May 31 
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

[Rosewater Foundation]

B'awb retired, LastoftheV8's loaded up on personal automobiles and hit the skids, Jimbo bought up Mexico. It's over. There's nothing more to see.

[JayJuanGee]

Currently 18.5% of your guys think BTC will be over 12K May 31 
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Even though you are kind of serious, Majormax, I will take your above characterization as "dry" joke.  As opposed to a "wet" joke.

[Phil_S]

Pattern or coincidence? Hmm...  



The dates and prices according to daily CSV from http://data.bitcoinity.org/markets/price_volume/6m/USD/bitstamp?r=day&t=lb&vu=curr

2018-01-06, 16668.5643185421
2018-02-06, 6835.84821266674
2018-03-05, 11523.4020303713
2018-04-06, 6647.56117864003
2018-05-05, 9828.26955459211

[Majormax]

Currently 18.5% of your guys think BTC will be over 12K May 31  
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Even though you are kind of serious, Majormax, I will take your above characterization as "dry" joke.  As opposed to a "wet" joke.

Forgot the /sarc


..but just demonstrating that this kind of poll is pointless in such a short timeframe.


Its just a bell-curve probability around the current price. Ask any option/future trader. Maths

[realr0ach]

Bitcorn is dead.

[JayJuanGee]

Currently 18.5% of your guys think BTC will be over 12K May 31  
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Even though you are kind of serious, Majormax, I will take your above characterization as "dry" joke.  As opposed to a "wet" joke.

Forgot the /sarc


..but just demonstrating that this kind of poll is pointless in such a short timeframe.


Its just a bell-curve probability around the current price. Ask any option/future trader. Maths

Even though I don't agree with the Majormax suggestion of a kind of nearly inevitable bitcoin downtrend to be necessary prior to a return to UP, I do agree with you that likely there would be more value in the construction of more creative poll questions...   

[El duderino_]

Bitcorn. Why you gotta be so boring ?

This dip is total weaksauce.

Make it stop! $7944 BTC! FML!

[mymenace]

Currently 18.5% of your guys think BTC will be over 12K May 31  
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Even though you are kind of serious, Majormax, I will take your above characterization as "dry" joke.  As opposed to a "wet" joke.

Forgot the /sarc


..but just demonstrating that this kind of poll is pointless in such a short timeframe.


Its just a bell-curve probability around the current price. Ask any option/future trader. Maths

Even though I don't agree with the Majormax suggestion of a kind of nearly inevitable bitcoin downtrend to be necessary prior to a return to UP, I do agree with you that likely there would be more value in the construction of more creative poll questions...  

12000 about mid june/ end of may up to that

compare charts last 4 years

[El duderino_]

Currently 18.5% of your guys think BTC will be over 12K May 31 
   
I personally voted for sub 6K, but price could be in the  6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

moneyForjam = wishful for thinking

[El duderino_]

[sirazimuth]

Either way no biggie, if it was just an ounce not a big deal just probably a small part of his stash I can't see anyone sellinga majority of their crypto for gold.

bingo