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

[Ibian]

I've been saying for a while that this forum needs a thread where nothing is off topic. That way off topic conversation would have a place to go. As it stands now, where do we go to shoot the shit with people who have the same interests as us but don't happen to want to talk specifically about that interest that we all have in common? I made such a thread once and the forum moderators killed it and so people use threads like this instead. /shrug

well you could always try that Farcebook thingie...

I was responding to complaints about there being too much off topic discussion here. I was pointing out that part of the reason is that there is no place for off topic discussion with people from this forum. That doesn't have anything to do with me personally.

Wall Observer Off Topic Thread

Honestly people just like to complain. Any group where individuals have repeat interactions over a prolonged time will develop its own unique culture, warts and all. Attempting to hinder this will just drive people off. Seen it countless times.

[infofront]

I've been saying for a while that this forum needs a thread where nothing is off topic. That way off topic conversation would have a place to go. As it stands now, where do we go to shoot the shit with people who have the same interests as us but don't happen to want to talk specifically about that interest that we all have in common? I made such a thread once and the forum moderators killed it and so people use threads like this instead. /shrug

well you could always try that Farcebook thingie...

I was responding to complaints about there being too much off topic discussion here. I was pointing out that part of the reason is that there is no place for off topic discussion with people from this forum. That doesn't have anything to do with me personally.

Wall Observer Off Topic Thread

Honestly people just like to complain. Any group where individuals have repeat interactions over a prolonged time will develop its own unique culture, warts and all. Attempting to hinder this will just drive people off. Seen it countless times.

Funny you mentioned that. I just watched the Andreas video where we was talking about the gentrification of the internet https://www.youtube.com/watch?v=gJpoQ19u2_Q

[RayX12]

So it goes  

Epic Bart Moon-pattern!  A true sign that whales try (and do) manipulated the market.
+WOs merit

[Anon136]

I've been saying for a while that this forum needs a thread where nothing is off topic. That way off topic conversation would have a place to go. As it stands now, where do we go to shoot the shit with people who have the same interests as us but don't happen to want to talk specifically about that interest that we all have in common? I made such a thread once and the forum moderators killed it and so people use threads like this instead. /shrug

well you could always try that Farcebook thingie...

I was responding to complaints about there being too much off topic discussion here. I was pointing out that part of the reason is that there is no place for off topic discussion with people from this forum. That doesn't have anything to do with me personally.

Wall Observer Off Topic Thread

Honestly people just like to complain. Any group where individuals have repeat interactions over a prolonged time will develop its own unique culture, warts and all. Attempting to hinder this will just drive people off. Seen it countless times.

Funny you mentioned that. I just watched the Andreas video where we was talking about the gentrification of the internet https://www.youtube.com/watch?v=gJpoQ19u2_Q

Either way it's probably good thing to have. Now when ever people get too off topic you have somewhere to point them to instead of just telling them to stop talking about what ever it is they are currently interested in talking about.


Also it's sort of hilarious that this is considered on topic



While we are worried about people being off topic. Sick meme btw.

[Karartma1]

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

[Anon136]

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

To what do you attribute it? I mean more specifically than just "manipulation" generally.

[Oilacris]

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

I do observe as well but basing on technicals those either on head and shoulders or even double top or bottoms but when you look up on the pattern you can really presumptions when it regards to manipulation. Knowing or not doesnt really make any changes at all.

[Ibian]

Today in Things That go Oddly Well Together:
https://imgur.com/gallery/hVKBaiw
https://www.youtube.com/watch?v=vMcDheD5Hms

(this is totally on-topic)

Edit: Also this thing https://imgur.com/gallery/l9bDZ5M

I want a huge cat for a pet. Like a mountain lion or something. I actually went to a tiger temple in Thailand, with actual tigers that you could pet. They had this event where you could dangle toys over their heads and they would jump and grab them like regular vanilla house cats and oh boy this should almost have been another post shouldn't it?

[4rt3m]

Well said, Steve Wozniak:

«Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions.»

«Only bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of bitcoin. For example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model»

https://www.cnbc.com/2018/06/04/apple-co-founder-steve-wozniak-hopes-bitcoin-will-become-global-currency.html

[fabiorem]

Well said, Steve Wozniak:

«Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions.»

«Only bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of bitcoin. For example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model»

https://www.cnbc.com/2018/06/04/apple-co-founder-steve-wozniak-hopes-bitcoin-will-become-global-currency.html

I agree. And the way its price is resisting at 6k is amazing. If it was some company in the stock market, it was already broken with these fluctuations.

[JayJuanGee]

Edit: Regarding the photos, those I have no comment on. They could have been faked, sure; the actual landings though, I don't believe so.

exactly

As someone noted above, the whole Apollo program was primarily a propaganda/PR effort.  My theory is that the pictures came back fucked up, over exposed, out of focus...whatever, and the marketing people were like "what the fuck is this?  we can't use this." and then they did what marketing people do...

I agree this is the most plausible explanation.

Don't take my comment personally, but that is dumb as shit.  You are subscribing to the "you cannot handle the truth" theory, in regards to whatever had come back with the actual pictures (assuming that some peeps actually went to the real moon.. hahahahhaha).

What the fuck?  Put out fake pictures because the real ones are not very clear about what it is?  Makes very little sense, except for the explanation that the whole fucking things was a big ass snow job publicity stunt.

[Ibian]

Wordy man. You are a coward, and you project your insecurities unto heroes. This is really fucking low, even for you.

[savetherainforest]

A chart to support my case for a short movement down but a small bull run towards $9,000+ in the medium run. I still would not dare to short that bull run, anxious as I am that the recovery still could be '2013-style'  



If we go sub $7,000 now, I will make a speculative buy (indicators are already at bottom).

The problem this time is that people will actually buy. Last time the media attention was insufficient, and there was no impending global financial and economic crisis impending doom... or a mini ice age f'-ing all the food production of the planet.

We will probably dip a bit more, but from my perspective this is the bottom. Without ofc the flash crash that I'm waiting to buy some more!

[4rt3m]

... and just like that, this became the new Flat Earth thread  

Between Flat Earth and Volatile Earth, I would choose the flat one, though. 

[JayJuanGee]

https://bitcointopia.org/

Capital of United States Of Bitcoin

Bitcointopia is the capital of a newly formed nation run by Bitcoin appropriations, Blockchain voting & BIP based laws, formed by Articles Of Incorporation, Declaration Of Independence, UN Law & the Treason Act 1949

I cannot help but to recognize that you are on a kind of BTC "information providing" roll...   sheeeit... 

[JayJuanGee]

I’m early to mid 30’s. Won’t reveal my exact age but yeah, those of us with a half decent number of coins do seem to be over 30.

How much is a decent number of coins? Surely JJG could answer this question.

Surely you are baiting me.  O.k.  I am easy.  I will bite.  

A decent number of coins for any particular person is as many coins as they can reasonably accumulate without having to engage in gambling or excessive leveraging behavior.  So such quantity is going to be somewhat dependent upon the person's financial situation (including cashflow and other investments), view of bitcoin, risk tolerance, timeline, ability to research, strategize and adjust and rebalance his/her position from time to time.

I'd like to think that the majority of twenty-something year olds out there are learning about finance, investing and saving extra money, buying bitcoin like crazy, etc.

But historical patterns of age-related behavior tell us something different.  

Of course they are bloody well not. They are being stupid teenagers, well into their 20s, just as I was.

Due to the ease and safety we live in, people are staying kids well past when they should or ever did. The few of us here? Either old enough to have lived in a harder time, or extremely fucking lucky to have experienced bad shit that advanced our brain development.

Probably, I can be an exception to the rule.

What Ibian says makes a lot of sense to me based on my experience. I left my parents' house at 16 against my will, which forced me to mature early. Although the years of my youth were overwhelmingly difficult, in retrospect those experiences positioned me today in a tremendously favorable situation with respect to the majority of people of my generation (I am in the mid-20s).
I started buying bitcoins in 2012, when I was still in university, and although the budget of a university student is small, the extremely cheap prices of that time allowed me to accumulate a "decent" amount of coins  (On the other hand, despite have spoken with many people about bitcoin, there is nobody of my generation that has shown any interest, probably because of what Ibian mentions: they are young, they lack difficult experiences and still many live with their parents).
That's why I'm curious ... how much is a "decent amount" according to the vision of people older than me? According to my perspective, a decent amount is between 10 and 99 coins.

I see if I scan to the end of your post, you already answered the "how many bitcoins is decent" for yourself; however, your range does seem to be a bit on the wide side (meaning that with further study of yourself and your views about bitcoin you should be able to hone in on a more narrowed target range for yourself).  

Edited to add the below response to mad bob:  hahahahhahaha

How much is a decent number of coins? Surely JJG could answer this question.

Yeah, but could he answer it in less than five paragraphs, tho...

FWIW. I think a 100 BTC stash is "decent".

Nice, round number.

Before I saw your post, I already made my response.. seems like less than 5 paragraphs, yet as you imply that is an abbreviated response.  

[Torque]

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

To what do you attribute it? I mean more specifically than just "manipulation" generally.

Looking at that so-called "Bart Simpson" chart pattern, I don't really see the mystery. That is exactly what a trading market pattern would look like if you have:

a) major sideways wash trading
b) the float on exchanges being really thin
c) only one or a few whale market participants using large margin
d) volume being led by one or only a few exchanges

Which is the environment we are in right now. The whale is ready to rek anyone who takes up a sizable position in either direction. It could be the exchange owners themselves.

[JayJuanGee]

It's time to burn the WO thread and have ChartBuddy start a new one. This is missing from the poll.

yet here we are

We need a poll to get chartBuddy back!!!!

I doubt that we need any kind of poll for that.  We only need someone who is ready, willing and able to program such bot.

[Toxic2040]

Modest gains followed by a possible buy the dip moment is approaching in a few weeks for all you knife catchers out there. #dyor

[STT]

^^ Well I'll jump in that one with a theory at least.   The last uptrend from a bottom came with momentum backed by 50ma on 4hr bars and we just regained that.  (it was overhead since we turned back down)  So I'll venture momentum is there so long as we stay above this 'thin blue line' at least long enough not to trip up like an awkward skipping rope fail.   
I write seeing its on the line and I could be disproved shortly after but it was fairly reliable previously.    200 DMA is still overhead and more reliable overall, flattening but not negative