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Question: Closing BTC Price June 17:
$0 - 2 (1.9%)
<$6,500 - 7 (6.7%)
$6,500-$6,750 - 1 (1%)
$6,751-$7,000 - 2 (1.9%)
$7,001-$7,250 - 3 (2.9%)
$7,251-$7,500 - 6 (5.7%)
$7,501-$7,750 - 4 (3.8%)
$7,751-$8,000 - 12 (11.4%)
$8,001-$8,250 - 13 (12.4%)
$8,251-$8,500 - 6 (5.7%)
$8,501-$8,750 - 6 (5.7%)
$8,751-$9,000 - 11 (10.5%)
$9,001,$9,250 - 9 (8.6%)
$9,251-$9,500 - 6 (5.7%)
>$9,500 - 10 (9.5%)
$20,000 - 7 (6.7%)
Total Voters: 105

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21221445 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. (64 posts by 15 users deleted.)
Ted E. Bare
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June 24, 2018, 10:53:23 PM

Where did the demand go?

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gembitz
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June 24, 2018, 11:09:45 PM

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 Wink ~ \/ ~
JayJuanGee
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June 24, 2018, 11:22:59 PM


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.   
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June 24, 2018, 11:35:18 PM
Last edit: June 24, 2018, 11:46:37 PM by 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 Wink
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.   Roll Eyes

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.  Embarrassed
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).
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June 24, 2018, 11:43:56 PM

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 Wink
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.   Roll Eyes

The "Sophisticated" tool is brutal force, no?
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June 24, 2018, 11:52:07 PM

I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.

I feel good to see this kind of optimism here. I have some fiat ready in a exchange just waiting for the bloodbath too.

Wall observer could save a lot of newbies and weak hands if they could find it.

WO is easy enough to find.
Newbies will be newbies.
Weak hand will be weak.
It can't be helped, not even by the Mighty WO thread.
JayJuanGee
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June 24, 2018, 11:56:11 PM

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 Wink
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.   Roll Eyes

The "Sophisticated" tool is brutal force, no?

I am NOT opposed to the idea that there are people who have a lot of tools and experience at their disposal, but BTCMILLIONARE seemed to had framed the topic in a kind of defeatist way.. as if their are folks who are "smarter" than the rest of us and we are engaged in a losing battle in comparison to them.   Seems like a BIG ass myth to me, especially the way that BTCMILLIONARE framed the subject matter.

I do agree that there are a combination of factors out there, including TA, manipulation and FUD.. and surely "the trend is your friend" so "brute force" as you mentioned is going to be more effective when there is some trend that is favorable in order to get prices past some of the support levels.  Whether they can maintain down or keep down could be another story. 

It seems likely that sometimes, even the Whales run out of ammunition because in the end, if they are willing to spend coins to continue and maintain a direction (such as down), frequently they would prefer to use as few of their own coins as they can in such process, so they rely, to a considerable extent, on other peeps panicking and selling their coins.. And peeps will panic and sell until they won't, which can be difficult to measure, but I would expect some of the BIGGER and more active whales to have a better grasp upon whether they are running out of coins, then many of us regular peeps.
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June 25, 2018, 12:00:37 AM


Do you think Mcafee will pay this reward in crypto? Undecided
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June 25, 2018, 12:03:44 AM



(saw this on Twitter. made me laugh)
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June 25, 2018, 12:04:18 AM

woooooo

big spender there John

I'll get right on that  Roll Eyes
JayJuanGee
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June 25, 2018, 12:13:06 AM



Actually, sad to say, this could be true.

It is possible that BTC price trend may have gone from a mere correction into a bear market.  Only time will tell, but it is more reasonable to make a "bear market" assertion now, as compared to previously, especially when posters here were making such "bear market" assertions in January, February, March, April, May... which would have all been premature assessments... so even though they may have been correct that BTC transitioned from a correction into a bear market, if such new status is true, then it has only recently happened (and bear market is still not a given).


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.  Embarrassed

There was a 94% decline in 2011. So we may still fall to around $1000.

O.k.. sure.. but what are the odds?  less than 1%, even with the latest downwards price pressures?
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June 25, 2018, 12:21:00 AM

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

what's funny about your link is that they created their alt... CoinJanitor tokens
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June 25, 2018, 12:23:39 AM

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

what's funny about your link is that they created their alt... CoinJanitor tokens

Oh shit, do I need me some of those CoinJanitor tokens?
They could be worth millions, one day right?

 Undecided

So many shitposting assholes on this forum Sad
JayJuanGee
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June 25, 2018, 12:26:05 AM

I see LTC at 76 bucks, been adding slowly on the decline and that's a nice cheap price.  Try to buy LTC at Coinbase, error returned "insufficient funds".  Hmm that's strange.  Check my bank, Chase, and the account.  Funds are there.  Try to transfer some more in because I want to buy a bunch.  Cannot transfer "site is under maintenance"  Hmm, never seen that before.  Decide to try to use some BTC to buy LTC as the rate is nice. 

I am not sure why you feel some kind of necessity to get into details about your LTC matter in this BTC thread?  Aren't you off topic and in the wrong place?
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June 25, 2018, 12:27:35 AM

I am not sure why you feel some kind of necessity to get into details about your LTC matter in this BTC thread?  Aren't you off topic and in the wrong place?

CHEAP HOT ALTS

GIT YER CHEAP HOT ALTS HERE
flashbit
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June 25, 2018, 12:28:32 AM

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

what's funny about your link is that they created their alt... CoinJanitor tokens

Oh shit, do I need me some of those CoinJanitor tokens?
They could be worth millions, one day right?

 Undecided

So many shitposting assholes on this forum Sad

who are you talking to ?

ask him(them), I don't give a fuck with that coin
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June 25, 2018, 12:32:18 AM

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

what's funny about your link is that they created their alt... CoinJanitor tokens

Oh shit, do I need me some of those CoinJanitor tokens?
They could be worth millions, one day right?

 Undecided

So many shitposting assholes on this forum Sad

who are you talking to ?

ask him(them), I don't give a fuck with that coin

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.
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It'll be over 9000!


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June 25, 2018, 12:37:11 AM


Do you think Mcafee will pay this reward in crypto? Undecided

 What's the difficulty in figuring that out?  It's clearly Josh Brolin fro~



...I mean, ah... I have no clue! I've never seen that person before in my life; could be anyone!
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June 25, 2018, 12:40:00 AM

Talking to you....about the person who invented that shit coin.
Wasn’t calling you a shitposter, relax.

OK sorry @LFC_Bitcoin, I read too fast.. (I think I need my wife to come back from Italia:)
JayJuanGee
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June 25, 2018, 12:44:43 AM

I've decided not to watch myself go poor anymore. Good luck everyone Cry

Doesn't make any sense to sell now even if its headed to sub $4k. I'd rather hodl (and buy more) than sell from these prices. Not selling shit before I see another ATH. (or $9k at least;))

I agree with your overall sentiment; however, I personally think that it is erroneous to get caught up on strict scenarios of "not selling any BTC until x price." 

You can actually profit more and support the BTC ecosystem by engaging in a practice that causes you to sell more than you would have... so for example, you had planned to buy $1,000 worth of BTC every time the BTC price drops $1k, but instead you revise your plan to buy some larger amount, such as $1.5k for every $1k drop in BTC price.  Thus you have authorized yourself to engage in additional speculation that causes you to stock up $500 extra in BTC for every $1k drop, and therefore you have any of those extra BTC that you could thereby feel free to sell at any price higher than your purchase price (including fees, of course), and you may chose to sell at 10% intervals or some other reasonable range that suits you.. and those are over-leveraged BTC, so you therefore, you have no problem in selling them and generating yourself a bit of extra income. 

Of course, with any kind of over leveraging you have to be careful to remain within your means.. and don't go too far and expect that you could get trapped for an extended period of time and not be able to sell the extra BTC because of additional and unexpected downward BTC price movement.
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