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

[STT]

We must be near bottom just look at the despair in here holy shit.

haha true enough, very bullish.   The problem I struggle with here is I only really speak one language, maybe I can ask a few friends to read similarly elsewhere but really I cant tell the world wide sentiment.   That would be an important factor to report if anyone is connected better globally, I think there is too much of an echo chamber effect.   

People repeat what others says without fully or even in any way verifying if its true or with serious grounds.   If every single buyer and seller verified a rumour I guess we'd move alot slower in price then we do.   
I personally just hope the overall population grows, we dont rely on big leverage players on an exchange.   Growth is a ton more genuine when its just some poor person who genuinely thinks BTC is useful and holds a bit, but that person matters because there is a million of them.
Ideally that poor person is getting richer (in a developing country with 10% growth) and BTC is helping them reduce their banking costs, a reciprocally relationship that grows and justifies Bitcoin would be ideal. 

[Globb0]

We must be near bottom just look at the despair in here holy shit.

Do you really see any despair here? a load of guys coming together to chat about womens bottoms?

[gembitz]

We must be near bottom just look at the despair in here holy shit.

Do you really see any despair here? a load of guys coming together to chat about womens bottoms?

 

bitcoin >>> to da moooooooooooooooooon

[ToTheMoon_XOM9IK]

We’re not just here to take part….we’re here to take over.  

[yefi]

Ok. Here's some despair.

I'm not proud to be asking this question, but...

"Does it look like Doug Polk will lose his bet ?"

I'll bet you 0.1 BTC it does go below $6000.

[vit05]

WTF.

I was not expecting another such blow. Definitely something occurred related to government and some people are anticipating. I'm still buying, but it's hard to understand what's going on.

[kludzins]

WTF.

I was not expecting another such blow. Definitely something occurred related to government and some people are anticipating. I'm still buying, but it's hard to understand what's going on.

Yep, strong bears in da room....

[infofront]

Ok. Here's some despair.

I'm not proud to be asking this question, but...

"Does it look like Doug Polk will lose his bet ?"

I'll bet you 0.1 BTC it does go below $6000.

If it doesn't, I will Jello wrestle you for the amusement of JJG.

[blacky90]

you guys think  this was the bottom?

[Tyr808]

Miners won't let the price fall to 5000.
This is only one aspect to the manipulation that’s been going on since September. However if you look at the hash rate, it’s trending upwards, almost parabolically. This is because asic miners are in excess and they can ship them out much faster than last year, when demand was at ATH. Coupled with strange miner confidence in bitcoin which I cannot explain. Even if you ignore hashrate increase, assume miners do not leave bitcoin, and look at the price vs. block difficulty by the end of the year, profitability approaches 0 in all cases from 7500-10000. If miners switch, it can alleviate this pressure, but who will be leaving and who can afford to weather this storm currently? Big farms are more economical than small miners. It seems like an effort to weed out small miners and their coins, while centralizing mining, all while they can make money by liquidating people on longs/shorts. If it wasn’t a manipulated market I wouldn’t believe this, but it seems likely. I welcome regulations and investigations into market manipulation. After all, exchanges are the only ones who can see real volume.

[LFC_Bitcoin]

Ok. Here's some despair.

I'm not proud to be asking this question, but...

"Does it look like Doug Polk will lose his bet ?"

I'll bet you 0.1 BTC it does go below $6000.

I would not be making that bet right now

We are in free fall.

[STT]

The smartest bet of all, I will bet 13 btc on it not going to zero.    I think I'm hedged on that one, at some point I'm perfectly right either way :p

All kidding aside, I think BTC markets do love to slide to both extremes and of course the whales or however you view exchange volume they want the bigger splash not the indifferent hesitation of a price doing little in either direction which is more risky over time to take part in then catching a wave up or down.

If you want a distraction, I would look at US dollar.   With US treasury bond rate yields rising, it should put the pressure on lots of alternative holdings.   USD has seen some strength recently, I dont know if the NPK agreement today was helping in forming a positive trend to dollar.  Ultimately I think it declines but short term it appears stronger, the peak actually being in early 2017 in anticipation with the reality being deficit spending, weakness, etc.


I dont really rate costs as a determiner of prices, that would apply if we had a relationship of production falling off or increasing on higher prices. BTC doesnt operate like that, like a mined metal would hence bigger spikes up and more volatility then many markets

[Wekkel]

We are in free fall.

Good. Let ‘r rip and be done with this correction.

[Elwar]

Countdown to the first story of someone who commits suicide due to the price drop. Morbid and sad, but you know it's coming.  

If there is anyone out there thinking about it, remember...you have a brain. You can continue to make money in the future. You don't need stuff. Think of it as a fresh start.

[Paashaas]

Still in the tripple bottom zone, wost case scenario: $3000-$5000.

We enjoyed the top of the Bull now we feel the pain from the bear same cycle only the numbers are bigger.

[fabiorem]

Countdown to the first story of someone who commits suicide due to the price drop. Morbid and sad, but you know it's coming.

It already happened: https://zycrypto.com/20-year-old-korean-student-commits-suicide-losing-money-bitcoin-trading/

[Last of the V8s]

Since when were you under the impression that CRAB-17 was over?
https://www.youtube.com/watch?v=y28Diszaoo4

[sirazimuth]

This chap musta bought at $19K....

https://www.youtube.com/watch?v=GbTO8-tWc4U

[Gab0]

In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).

I thank you in advance for your answers.

[Speculatoross]