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

[Torque]

$6000 - $7000 feels like 2015 when we were stuck in a price range for a significant time, I think it was $150 - $300.

Does anybody have a feeling we could still be in the $6000 - $7000 range before breaking upwards violently towards the end of 2018?

You could say this is an accumulation phase.

everyone's still crazy bullish and engaged compared to that phase. that was real boredom and indifference by that point.

truth

There were multi week periods there where the word "bitcoin" did not even cross my mind, this is far from that level of capitulation.

I dunno... I'm feeling pretty bored and indifferent right about now. I'm sure most Bitcoiners are feeling the same.

Even supposed YouTube "crypto gurus" that spend all of 2017 talking about the crypto markets have lately even turned to talking about other, completely unrelated topics to their subscribers (and getting shit about it, lol).

[Rosewater Foundation]

What's even worse for the poor girl with $159K in student loan debt is her dad's statement :
https://twitter.com/ItsRaeQuigley/status/1015048699343507457

That girl's father needs to be shot. The prestige of those degrees doesn't mean shit. She hasn't a hope or prayer to ever pay that debt off in her entire lifetime and still have a house, a life, etc. She'd have to have a doctor or lawyer's salary to do even possibly do it.

These parents (and their kids) need to wake the fk up. The ROI for a college degree HAS to be there to make it even worth it these days. Otherwise JUST DON'T DO IT. Find other ways, scholarships, cheaper degrees, online education, work to get experience, etc. Whatever it takes to not be loaded down with student loan debt when you graduate.

Food, medicine, education, housing, all of our most basic human needs have been filled with goo and sold back to us at a premium. Best to just not buy anything.

But Bitcorn is probably good to go.

probably

[El duderino_]

Pfffffffffffffff

Well done mate - you just knocked Brazil out of the World Cup!!!!

Now please beat France?

Then, (I hope) we will see you in the final....

We have Sweden tomorrow, then Croatia or a very politically interesting and delicious draw against Russia!?  And we're there, too.  

But Belgium are the ones to beat now.  Belgium are on fire.

Engeland looking good for the supporters in here..... Just a goal of Kane is missing 

1966....been awhile eh?

GO ENGLAND!!!  
 see ya in finals micg!!

Finales would be a record for belgium.... but France Will be a tuff nut to crack...., BUT i believe in the belgium golden Squad of the moment
Fingers crossed for belgium and BTC 

[Rosewater Foundation]

With regard to football and education, if you live on an island it might be a good idea to invest in some swimming lessons before you start bouncing balls off your head.

https://www.cnn.com/2018/07/06/asia/thai-cave-rescue-options-intl/index.html

(I really hope this post ages non-tragically.)

[Phil_S]

Hard to make a dent in the principal when the Gap signs your paycheques, I guess.

Yea well you know they are all buying avacado toast and lattes.

[Last of the V8s]

there was just a blockchain ad on uk tv during the russia match - something about hvac and iot
never seen or heard of such a thing before, but then never really watch tv
bearish

[Elwar]

< collage loan img >
This is why americucks hate the fed.
Should've bought cryptos instead of the college meme.
USA is now world series of povos.

At one point I realized that my Thai girlfriend was richer than most American women I would ever date even though she barely makes $1k a month and has nothing. She also has no huge debt weighing her down.

People in the third world countries that don't have access to debt are richer than people in the first world.

Let that sink in.

[xhomerx10]

< collage loan img >
This is why americucks hate the fed.
Should've bought cryptos instead of the college meme.
USA is now world series of povos.

At one point I realized that my Thai girlfriend was richer than most American women I would ever date even though she barely makes $1k a month and has nothing. She also has no huge debt weighing her down.

People in the third world countries that don't have access to debt are richer than people in the first world.

Let that sink in.

 Let that sink in. 

[ccminer.net]

volumes at spot exchanges are very very low, while on that shitty CME are getting higher and higher!

Please folks let me understand this trend.

Are we facing a new super dump thanks to our dear CME trader friends, thant can keep dumping without owning BTC at all!!

[jbreher]

I will admit that Roger ...

There is a bit of a strange overlap with his supposed concept of wanting decentralization, but wanting to have veto power, too...

OK, I'll bite. What is this 'veto power' of which you speak?

[jbreher]

The 12.5 fresh BTC generated every 10 minutes isn't even a dent in the current market, at the moment.

Well, it is something on the order of $12Million USD of new production absorbed by the marketplace daily. I would argue that this is significant.

[Last of the V8s]

volumes at spot exchanges are very very low, while on that shitty CME are getting higher and higher!

Please folks let me understand this trend.

Are we facing a new super dump thanks to our dear CME trader friends, thant can keep dumping without owning BTC at all!!

https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html#tradeDate=20180706

big dump is probably coming
cme volume is also tiny
the 2 might still be connected

[jbreher]

This is why americucks hate the fed.
Should've bought cryptos instead of the college meme.

Probably also should have read the fine print.

[jbreher]

all bcashists i've come across out and out lie.

Offense taken. I try not to lie. At least not in a non-humorous vein. Admittedly, I have on occasion been shown to be incorrect. I think I've mea culpa'd all such occasions.

Unless, of course, you have proof of the converse?

[Last of the V8s]

all bcashists i've come across out and out lie.

Offense taken. I try not to lie. At least not in a non-humorous vein. Admittedly, I have on occasion been shown to be incorrect. I think I've mea culpa'd all such occasions.

Unless, of course, you have proof of the converse?

You lied about how nodes work when you were fighting with Lauda and that lot during all the XT days and onwards. Under the pretext of difference of opinion, but you are not that stupid just to be mistaken. It was a deliberate attack based on falsehood, summed up by 'the miners decide'.

[jbreher]

EOS is going to be a huge bore going forward eg https://highfidelity.com/ runs on it.
( https://www.blocktivity.info/ )

Fascinating. HF invited me to a 'big get together' yesterday, but with only an hour runway to the event, and I was already socially engaged otherwise. Accordingly, I missed the announcement.

Years ago, OpenSim (a fully open and decentralized SecondLife clone, built upon FOSS'd tech from Linden Lab - Philip Rosedale's first MMORPG-like world) was trying to decide on an inworld currency. I kept trying to push Bitcoin at them, but too many parties were trying to game the system (ha!) to eke out a rent advantage for themselves.

[jbreher]

Hard to make a dent in the principal when the Gap signs your paycheques, I guess.

Choice of career is somewhat analogous to a business deciding upon what products and services to offer, at what price. If you just wing it, with no thought to supply or demand, you're gonna have a bad time.

[jbreher]

all bcashists i've come across out and out lie.

Offense taken. I try not to lie. At least not in a non-humorous vein. Admittedly, I have on occasion been shown to be incorrect. I think I've mea culpa'd all such occasions.

Unless, of course, you have proof of the converse?

You lied about how nodes work when you were fighting with Lauda and that lot during all the XT days and onwards. Under the pretext of difference of opinion, but you are not that stupid just to be mistaken. It was a deliberate attack based on falsehood, summed up by 'the miners decide'.

I did not. Put up or shut up.

[JayJuanGee]

* nanobtc bestows imaginary merit-thingies to the clever ones in the thread.

Whatever happened to Jarosław/Walsoraj   here?  

Did he get the country straightened out, or went down in a blaze of glory?

Last posts in mid 2015... so who could keep track of such seemingly old news?

[JayJuanGee]

Current hard floor ~ $3800.



The current price ~$6595 will be the hard floor by 31 December 2018



Hard floor to be over $19k by 31 December 2020



However, previous hard floor was broken during 2014 cryptowinter in late December 2014.  



Hard floor was at $263 when broken.  Best buying was had at $152 about two weeks after breaking the hard floor, marking the absolute bottom of the cryptowinter, being 43% below 'hard floor'.   If hard floor were broken very soon, eg at $5,000, that would make a possible one-off spike as low as $2880 but really no more, which would mark the bottom of this winter on the march towards the 2020 halvening.  

More realistic is that the price will hover around its current level and break downwards through the hard floor in late December 2018.  That would put the absolute bottom of the cryptowinter on a spike downwards to ~$3,800 in January 2019.  

The price would then spend 2019 hovering in the $4k - $7k range, before breaking decisively upwards early in 2020.  

Your prediction seems really bearish, and seems to buy quite a bit into a kind of drawn out correction (bear market) scenario that is similar to the playing out of BTC prices during the 2014-2016 era. 

I recall a couple of months ago that you expected that you would not do any more  buying below $6k... but then BTC's price performance changed, which caused you to buy some more BTC below $6k (that is what you said), but if you really expect prices to go down to $3,800-ish, then did you prepare by selling some BTC or are you just sticking with a buy on the way down plan?