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Question: New ATH today?
Yes - 35 (79.5%)
No - 9 (20.5%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25466600 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. (157 posts by 13+ users deleted.)
European Central Bank
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May 29, 2018, 12:42:53 PM

That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

why would anyone bother buying in at a price level like that? someone would have to be a moron to think that was the bottom. that's not how bitcoin has ever rolled so far. no reason to believe it was gonna start rolling that way this time.
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Asrael999
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May 29, 2018, 01:06:12 PM

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.
That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

You most likely thought it was going to $0 in 2014
I actually drew charts showing that it would bottom around 300 and reach ATH in 2 years. Everyone thought it was super bearish and laughed me out of the forum. I ended up being wrong... it went lower than I expected, bottomed at 160 and reached ATH in 3 years. I was too bullish.

All those people who said it would never break $666, never break $400, never break $250 etc etc etc.     
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May 29, 2018, 01:11:15 PM

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.
That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

You most likely thought it was going to $0 in 2014
I actually drew charts showing that it would bottom around 300 and reach ATH in 2 years. Everyone thought it was super bearish and laughed me out of the forum. I ended up being wrong... it went lower than I expected, bottomed at 160 and reached ATH in 3 years. I was too bullish.

So what is your new chart telling you about this bear mkt then?
Rsiyz
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May 29, 2018, 02:14:12 PM

https://hitbtc.com/exchange/BTC-to-USDT
all chips are in "green" .. soo no ..
cAPSLOCK
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May 29, 2018, 03:02:51 PM

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.
updating firmwares is critical on ANY device. even your holy trezor has firmware upgrading problems

Father Abraham had many sons

Had many sons had Father Abraham

I am one of them

And so are you

So let's just praise the Lord!!!


yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?

Merited in spite of quoting the troll.
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May 29, 2018, 03:11:52 PM

Carolina is lonely...  Sad
No fun any more...  Sad
No choo-choo...  Sad

When moon?  Cry
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May 29, 2018, 03:16:47 PM

So...perhaps an Italy bump like when Greece crumbled?
Bitcoinaire
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May 29, 2018, 03:21:42 PM

Will this be another dead cat bounce, is the question?
Asrael999
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May 29, 2018, 03:30:37 PM

Italy panic over, normal selling will resume shortly.
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May 29, 2018, 03:37:37 PM

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.
updating firmwares is critical on ANY device. even your holy trezor has firmware upgrading problems

Hitler was rubbish


yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?

Merited in spite of quoting the troll.

Yes sorry, trust me I wrangled with it
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May 29, 2018, 03:42:33 PM




Italy crisis hurting banks...

should we put together a collection?

 Cry
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May 29, 2018, 03:43:08 PM

If anyone is thinking about getting a ledger, don't. I just updated the firmware and it was a fucking nightmare.
updating firmwares is critical on ANY device. even your holy trezor has firmware upgrading problems

Father Abraham had many sons

Had many sons had Father Abraham

I am one of them

And so are you

So let's just praise the Lord!!!


yeah, but, don't you have to update the password periodically for the bank where they pretend your silver actually exists?

Merited in spite of quoting the troll.
The worst part about him is that he is at least partly right in general. But nobody wants to deal with a pissed asshole. Someone should make a red pill rage support group or something.
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May 29, 2018, 03:51:59 PM




Italy crisis hurting banks...

should we put together a collection?

 Cry
It definitely looks like it's hurting all the markets, may cause some Fear and some hedgers into Gold and Bitcoin?
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May 29, 2018, 04:05:49 PM



Italy crisis hurting banks...

should we put together a collection?

 Cry
It definitely looks like it's hurting all the markets, may cause some Fear and some hedgers into Gold and Bitcoin?

Latest evidence [last 6 months] suggests bitcoin is not the new gold. If anything (with a few analysts pointing out that) bitcoin is a hyper charged high risk high return asset ahead of stock market

Which means, bitcoin is negatively correlated to VIX and ahead of [negative] VIX. (observed earlier this year)

If this relationship holds that would mean if we're to see a global financial crisis worse than 2008 later this year in Q4, btc is going to $1K before that.

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May 29, 2018, 04:09:18 PM

Will this be another dead cat bounce, is the question?

My gut says "Yeah, this is another dead cat bounce, and we'll be plumbing $6,500 by Friday"

I hope I'm very very wrong.
Reanimated cat maybe? Nah, it won't last anyway.
I believe we're still headed down, but not terribly so.
You'll have to skimp on your lifestyle for a few months, maybe.
Which means - easy with that 500$ whiskey. Stick to $10 beers and $40 wines for a while...  Cheesy
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May 29, 2018, 04:20:17 PM
Last edit: May 29, 2018, 04:50:08 PM by greensheep

So when does what is going on in Italy become the next crypto trigger?  Cyprus 2? Two year Italian government debt is down 5% since Monday morning, that's enormous in govt bond terms.

Now who owns all that government debt I wonder?
edit

French banks own a huge pile
https://wolfstreet.com/2018/05/27/which-banks-are-most-exposed-to-italys-sovereign-debt-other-than-the-horribly-exposed-italian-banks/

check the counter lols

https://www.nationaldebtclocks.org/debtclock/italy

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May 29, 2018, 04:38:29 PM

Italy panic over, normal selling will resume shortly.

If this is true though, it will show us something very interesting. I have been trying to figure out lately whether the market is viewing bitcoin as another tech stock or a flight to liquidity style asset. It would appear that it's both. It seems that bitcoin likes either extreme and dislikes a status quo future.
JayJuanGee
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May 29, 2018, 04:41:58 PM

Good afternoon Bitcoinland

Finally back in civilization (Playa del Carmen) after 2 weeks without phone or internet access in the jungle. Seems the hombre who provides the local internet service was away because his mother died and when a power outage crashed his system there was nobody to restart it.

I see the price has continued to slide since I left Canada and while it isn't as bad as during the winter, it's perilously close to $7k... currently $7228USD/$9397CAD (Bitcoinaverage).

Being under 5 digits CAD is depressing. Hopefully it'll pick up after I head north.  Undecided

You buying some when you get back?  or what would be your "sufficient of enough dip" price point to buy?
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May 29, 2018, 04:43:27 PM

Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
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May 29, 2018, 04:48:10 PM
Merited by jbreher (1), infofront (1)

Joking aside they are in a very shitty situation, they basically don't have a government!

Are you sure that isn't the opposite of a problem?
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