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

[Anon136]

Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this

Venezuelans think bitcoin is in a bull market.

[Raja_MBZ]

Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this

Venezuelans think bitcoin is in a bull market.

Actually, for Venezuelans, bitcoin really is still in bull market. Their currency has declined faster than bitcoin if last 6 months of "bearish" trend of bitcoin are considered.

See this:



*looks pretty bullish, this is BTC to VEF*

[rolling]

Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...

OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.

But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)

I don't know where you are getting the ~24% projection but it isn't even close to accurate.

[eth9888]

Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this

Venezuelans think bitcoin is in a bull market.

Actually, for Venezuelans, bitcoin really is still in bull market. Their currency has declined faster than bitcoin if last 6 months of "bearish" trend of bitcoin are considered.

See this:



*looks pretty bullish, this is BTC to VEF*

lol yeh, as if it matters

[hodl_2015]

Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.

So in 6 days these miners will switch back to BCH, and we will be stuck with a high difficulty for how many blocks?

[cAPSLOCK]

Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this

Venezuelans think bitcoin is in a bull market.

Actually, for Venezuelans, bitcoin really is still in bull market. Their currency has declined faster than bitcoin if last 6 months of "bearish" trend of bitcoin are considered.

See this:



*looks pretty bullish, this is BTC to VEF*

lol yeh, as if it matters

It is one of the fundamental things that matters the most.  Bitcoin is not going to displace the worlds reserve currency, or even make a dent in it before it has taken out low hanging fruit like the Bolivar.

Venezuela is one of the places hyperbitcoinization happens first.   

You'll see.

[becoin]

Venezuela is one of the places hyperbitcoinization happens first.   

You'll see.

I think it'll happen first in Ukraine.

[mymenace]

Can anyone dispute this


MT Gox

Recovered approximate 160000 BTC

1/5 of all BTC that was stolen

MT Gox have announced approximate 1/5 return of peoples investments


If the price when stolen was $1000 USD

and when the price hits $5000 USD



Every Mt Gox account could be reimbursed their initial USD value?


No-one loses, but the ones with the coins

[Rosewater Foundation]

You'll have to see it to believe it. That's always the way.

[infofront]

What's the world cup?

It's not complicated for anyone except our US brethren

It's a competition where the winner gets a cup (a nice shiny one).

But then it is a little tougher to explain.  You see the use of the word 'World' in this instance means literally EVERY contry in the world can enter their national team in it.  Unlike in America where the use of the word 'world' in sport (e.g. the baseball World Series) can mean only teams based in America normally take part.

Now to further complicate things the competition is for playing what most countries in the world refer to as 'football'.  This is a game played by people using mainly their foot to kick a spherical ball.   Of course in America 'football' refers to a strange game which involves an egg-shaped object largely carried in the hands.  Actually more like a sort of 'egg-hand-ball'.

The World Cuo and indeed 'football' is rather popular worldwide, but not so in the USA, sadly.   I guess it's just not exciting enough.




sorry - very bored on a long hall flight.

Thanks for the explanation. I'm in the US, so that makes a lot of sense. I'll have to figure out the metric system next.

[Searing]

Can anyone dispute this


MT Gox

Recovered approximate 160000 BTC

1/5 of all BTC that was stolen

MT Gox have announced approximate 1/5 return of peoples investments


If the price when stolen was $1000 USD

and when the price hits $5000 USD



Every Mt Gox account could be reimbursed their initial USD value?


No-one loses, but the ones with the coins

NO..from what I understand?

you would be reimbursed in fiat at the time the BTC was seized...it seems you can, however, get it in fiat or BTC it seems...

from my point of view, allowing people to choose BTC for payment ..even at the old 'rates' is good...those folk may HODL still for the hell of it...

when the mt. gox trustee was liquidating all to USD or whatever...that was a 100% hit to the market

.it was ALL out of crypto ...so market effects of IF most take BTC will be minimal IMHO

I can't remember but I think the original value of all the BTC if there had been NO mt. gox meltdown would be 23 billion dollars now

at least the owner of mt. gox 'supposedly' is not getting any of this (i kinda still doubt he is not getting a taste of some..but unsure on these details)

[mymenace]

Can anyone dispute this

MT Gox
Recovered approximate 160000 BTC
1/5 of all BTC that was stolen
MT Gox have announced approximate 1/5 return of peoples investments

If the price when stolen was $1000 USD
and when the price hits $5000 USD
Every Mt Gox account could be reimbursed their initial USD value?

No-one loses, but the ones with the coins

NO..from what I understand?
you would be reimbursed in fiat at the time the BTC was seized...it seems you can, however, get it in fiat or BTC it seems...
from my point of view, allowing people to choose BTC for payment ..even at the old 'rates' is good...those folk may HODL still for the hell of it...
when the mt. gox trustee was liquidating all to USD or whatever...that was a 100% hit to the market
.it was ALL out of crypto ...so market effects of IF most take BTC will be minimal IMHO
I can't remember but I think the original value of all the BTC if there had been NO mt. gox meltdown would be 23 billion dollars now

at least the owner of mt. gox 'supposedly' is not getting any of this (i kinda still doubt he is not getting a taste of some..but unsure on these details)

oh he getting out of it (family wealthy) and gonna be very hard to find him

he will not be forgotten though, His name is Robert Paulson  .... wait

oh Make Karpeles

[mymenace]

https://deadcoins.com/

first page - Displaying 1 - 50 of 818

just 1600 more to go

all altcoins are worthless scams - deal with it and exit

not anymore, my original scam altcoins I fell into

they are my tax haven to claim on lost investments for tax purposes

my lost 1000000 doge

.41btc

= $3000USD loss

the more it goes up the bigger the tax haven

[Last of the V8s]

edit off a million doge isn't worth a blowjob in Caracas

[infofront]

Doesn't make any sense to sell now even if its headed to sub $4k.

I don't totally agree with this, obviously.
But good luck.

Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower."

Price was dropping down to $5,800 when I grumbled that.

Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it."

I shit you not.

30 minutes later, big-ass spike back above $6k.

You can all thank Rick for me not doing something stupid, like taking a dump, I guess.

My personal goal is to get enough fiat to be set for life (at current valuation, at least) and then just let the rest ride. Billionaire or bum, I don't do anything halfway.

My plan is, from what I gather, similar to Bob's. I'd like to sell just under 50% of my crypto, put the proceeds in stocks, withdraw the standard 4% or so per annum, and let the remaining corn ride.
I will only do so when I can maintain or increase my current income. Bitcoin will be used for cars, airfare, and hookers.

[El duderino_]

Going to dive back under 6000$   
Common there was a SUPERBOOM promised

[Ted E. Bare]

Where did the demand go?

[gembitz]

Doesn't make any sense to sell now even if its headed to sub $4k.

I don't totally agree with this, obviously.
But good luck.

Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower."

Price was dropping down to $5,800 when I grumbled that.

Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it."

I shit you not.

30 minutes later, big-ass spike back above $6k.

You can all thank Rick for me not doing something stupid, like taking a dump, I guess.

I'm HODLing and keeping my fingers crossed

wires crossed ~ \/ ~

[JayJuanGee]

This shit is headed towards 4k and possibly under $3k.

Next 2 years will be very painful.

We have all done it before and we can all do it again.

Yep. Thats right.  

The 2-3 year bear market was set up by December's extraordinary peak (could have topped out at 6-8k by my own estimates, but the CME futures news shot it to the moon). The grind down is needed to wash out the extreme speculation... Before a new uptrend is truly in place, the last 6-9 months' wild speculative buyers need to be whittled down to true hodlers, unaffected by the price moves.

That could take take 2 years and $2.5k price in my stupid-assed opinion.

Hope I'm wrong.

2 years like this means BYE BYE BTC

What are you smoking? 

Even if BTC performs in some kind of way that is predicted by Majormax, such as $2.5k in 2 years, that kind of price performance would be no where near to the end of bitcoin.  It would be a scenario that is kind of similar to what happened in bitcoin between December 2013 and November 2015 - yet maybe drug out a bit longer, if $2.5k takes 2 additional years to play out from here.

Personally, I don't think such a scenario is going to play out, but I understand that it could, and part of the frothiness in the crypto space overall, that is likely more reflected with alt cryptos rather than with bitcoin would partly contribute to such a $2.5k over 2 more years scenario playing out.

By the way, I am a bit more convinced, now of such a Majormax scenario, playing out that I was a few months ago, and probably I would still put such a scenario at less than 15%.. but my thinking on the matter is evolving a bit to grant more and more likelihood to such a scenario when we see BTC price failing and refusing to bounce and return to UP.   

[JayJuanGee]

I think if someone tends to selling btc now is the same as buying between 18,000 - 20,000$.

RSI is now near the oversold levels and showing some indication of reversal, so what do you waiting for..just grab some btc now and thank me later

All of the standard indicators that you have access to with commercial trading tools are going to be largely useless. After all, the people who create those types of indicators already have them priced in whilst also having much more sophisticated algorithms to raze down the hordes of people that use the publicly available indicators.

Yeah right....


Do you really believe what you are saying?  The "sophisticated players" know based on more sophisticated tools that are going to tell them?    Right.  

wow btc really hit usd$5900...

Yes, and I really am not convinced by the reaction from support on this dump. I suspect that we may see another test for lower. 

There are numerous bets in the altcoin market that are more sensible than betting on Bitcoin in the very short term.

You have all the talking points to get people to get into gambling on alts rather than sticking with BTC... What a shit show to rely on getting into alts in order to "save one's BTC investment portfolio"?

Especially since you can swing back into BTC once the trend finally reverses and thus increase your stash from multiple sources.

Sounds pretty risky to put money from a good investment into a bad one.... just to hope for better returns and to get money back into the good investment before the bad investment blows up (I mean blows down)?

Still wouldn't move my cold storage corns around though, that train left in winter.

If you would not move your cold storage BTC, then why fuck around with the alts at all?  like some kind of crap shoot?

If we actually near $3-4k territory I'll probably be liquidating some of my hardware and/or equity though for extra corn though.

Actually, I agree with this point, that another "low" price that comes anywhere near 50% further from here would seem to be a pretty strong buying point, and could even justify employing some kind of leverage  (yard sales, anyone?)  I hope that such price point does not happen, but the longer that rallies continue to fail to resume BTC UP, then the greater the chances become that there is sufficient BTC DOWN price momentum building and shaking out additional weak hands (when we might have previously concluded that there were no more "weak hands" to shake out).