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

[Elwar]

This is insane

https://www.trustnodes.com/2018/07/22/millions-dollars-sent-ponzi-like-ethereum-smart-contract-game-might-never-end

The question is why would it ever drop to 0. Why would anyone ever let that happen? If they wont, which it is reasonable to assume that they wont, then wont this thing grow forever? What does this mean? Has someone figured out how to create a dooms day device built on game theory and censorship resistant computing? Even if it is not a dooms day device is this hinting at the idea that maybe game theory based dooms day devices could be created on block chains? This seems like a bigger thing than the game it's self.

Meh. I see a giant bailout in the making.

It is a totally fun idea but it’s also the economic equivalent of trying to break the second law of thermodynamics (ie not going to happen).

Your ROI on buying a later key will shrink to close to zero. It then becomes a game of chicken with the pot. People will get sick of not achieving a return on their investment and progressively give up. Others will get DDOSed and attacked. Mistakes will be made.  Eventually someone will win.  

This is somewhat similar to some e-commerce sites that have a very low price for an item "say $1 for a $1000 TV". You "bid" $1 and if nobody else bids in a set amount of time you get the TV. But if someone else bids $2 before the timer runs out then you don't get the TV. Then $3, $4...etc. Eventually someone wins the TV for $50. Then they advertise the fact that someone just bought a fancy TV for "just $50!". The reality being that they made a whole lot more than $1,000 on that TV from the amount of bids.

[mymenace]

Bcash on fire,
bcashers running around with head on fire
bcash being dumped
Alex Jones calls out Roger Ver
 
Yeah Roger bullshit getting called out, going ballistic
Roger Ver on Alex Jones (Super Funny!!!!)
https://youtu.be/UeGhG3Z_tsc?t=1140

That clip is more than 6 months old from February, and just to be more clear, a caller was attempting to call out Roger Ver, and Alex was quite confused about the whole situation in which it seemed that he (Alex) was getting Roger on his program to talk about bitcoin, and Roger got caught up in internal BTC politics and spent time attempting to pump Bcash and to denigrate bitcoin and to get Alex caught up into much more internal politics than Alex was prepared for.

That clip is more than 6 months old from February

Not my concern, shows roger for the crook he is...

Caller did call him out, not a roger shill are we  

do you see that other roger shill jbhhherreee or whateva

[HairyMaclairy]

15 minute candles.  Yellow looking more and more like it is support again.  Bullish.

[Anon136]

15 minute candles.  Yellow looking more and more like it is support again.  Bullish.

Gentlemen, how confident (or not) are you that the bottom is in?

[Rosewater Foundation]

The mustard line will hold. Sentiment has shifted. The bull is getting angry. This is my understanding.

The question I find myself asking is what I will do about it. Someone posted a graph here once that showed all the great bull runs were basically like 9 days long. Anyone have that handy? I need to be prepped and ready.

[Derpinheimer2]

Eth at 0.058 is looking a bit limp wristed.  

I think ethereum and the rest of the alts are going to be in a bear market for awhile and will not follow the Bitcoin rocket this time.

Not enough money to pump bitcoin and the alts. This is still a really weak rally on terrible volume, hence alts sell for BTC.

[Rosewater Foundation]

Eth at 0.058 is looking a bit limp wristed.  

I think ethereum and the rest of the alts are going to be in a bear market for awhile and will not follow the Bitcoin rocket this time.

Not enough money to pump bitcoin and the alts. This is still a really weak rally on terrible volume, hence alts sell for BTC.

That's why it's usually a bad sign. This rally will probably need to deflate a little to fill those tires back up. It's always the way.

[Paashaas]

Price volatility will decrease over time, while the price rockets to $1m per coin.

Some of you here might getting an heart attack thinking about it but Bitcoin is not even mainstream yet. Add hyperbitcoinization and we'll see a much higher price.

Of course this will take years, owning Bitcoin is the best possible investment on Earth.

The beauty of the people here on the WO is that everybody here sitting in a golden position, we all got 1st class tickets on the 1st row of the rocket ship.

We got no FOMO feeling, we'll enjoy how how people running over each other buying Bitcoins for years to come.

[Rosewater Foundation]

Some of you here might getting an heart attack thinking about it.

Jay has been a total basket-case for as long as I can remember. I worry about him emotionally.

[Derpinheimer2]

Eth at 0.058 is looking a bit limp wristed.  

I think ethereum and the rest of the alts are going to be in a bear market for awhile and will not follow the Bitcoin rocket this time.

Not enough money to pump bitcoin and the alts. This is still a really weak rally on terrible volume, hence alts sell for BTC.

That's why it's usually a bad sign. This rally will probably need to deflate a little to fill those tires back up. It's always the way.

Agreed. However, remember that during the run-up to 20k, alts frequently did this, until BTC paused for a few days, and then they went nuts. Like the day LTC was up, what, 100%?

[JayJuanGee]

The mustard line will hold. Sentiment has shifted. The bull is getting angry. This is my understanding.

The question I find myself asking is what I will do about it. Someone posted a graph here once that showed all the great bull runs were basically like 9 days long. Anyone have that handy? I need to be prepped and ready.

Whether the bottom is "in" or not, I am not brave enough to say, and I would be much more confident to make such an assertion if BTC prices were either testing $10k or above $10k.

I cannot recall that exact graph that shows which days you needed to be in bitcoin to make the vast majority of gains, but I believe that the empirical evidence shows that a large majority of bitcoin's history, when looking at it day by day is losing money on a daily basis, but each year, there are a handful of SUPER bullish days that constitute the vast majority of gains in bitcoin for that year and for bitcoin overall. 

We don't really know ahead of time when the SUPER bull days are going to be, and the lesson that I get from that kind of bitcoin price dynamic is that each of us has to maintain a fairly decent stake in bitcoin in order to be able to profit from the SUPER bull days that have occurred each day and such pattern is likely to continue into Bitcoin's future.

[Rosewater Foundation]

Eth at 0.058 is looking a bit limp wristed.  

I think ethereum and the rest of the alts are going to be in a bear market for awhile and will not follow the Bitcoin rocket this time.

Not enough money to pump bitcoin and the alts. This is still a really weak rally on terrible volume, hence alts sell for BTC.

That's why it's usually a bad sign. This rally will probably need to deflate a little to fill those tires back up. It's always the way.

Agreed. However, remember that during the run-up to 20k, alts frequently did this, until BTC paused for a few days, and then they went nuts. Like the day LTC was up, what, 100%?

That whole thing was a blur from a moving caboose. I don't remember much.

[JayJuanGee]

Some of you here might getting an heart attack thinking about it.

Jay has been a total basket-case for as long as I can remember. I worry about him emotionally.

Oh my?  Is this fake news, to assert the opposite of dee true?

 

[jbreher]

Day 934 without sex: Bought altcoins so I can remember the feeling of something going down on me

Bought 5 monero just to fill up my physical 5xmr giveaway coin. I always wanted some xmr around anyway and 0.01786 looked like a bargain price so I couldn't resist.

I'll buy more btc this month to make up for it.

Extra points for the Cry Baby platform.

[HairyMaclairy]

Sorry I’m not confident we have bottomed. I think the ETF application will fail and the arse will fall out of the price.  Then we bottom in early 2019.  

This is a nice interim rally and lays the foundations for the long term recovery.

[Rosewater Foundation]

the ETF application will fail

I'm hoping this is already priced in. Idk. Just because I'm all doomed out doesn't mean the market is, I guess.

Still, poor Jay tho.

[marcus_of_augustus]

Definitely going down now. It's busted, never gonna work, doom forever!

See you at $2500.

Losers.

[Biodom]

Sorry I’m not confident we have bottomed. I think the ETF application will fail and the arse will fall out of the price.  Then we bottom in early 2019.  

This is a nice interim rally and lays the foundations for the long term recovery.

You are thinking that we are repeating 2014-2015, condensed into 12 mo?

My thinking is that, perhaps, we are experiencing extended 2013 whereas beginning of 2017 is roughly= beginning of 2013, then dec 2017 peak is an equivalent of april 2013 interim peak, current lows are the equivalent of june-July 2013 interim bottom (at roughly 25-30% of April's 2013 peak) and now we are about to go (maybe by September) into a superbull until late 2018, early-mid 2019, which according to this analogy should be at about 90K, believe it or not.

Both scenarios are possible, but I give slightly higher probability to mine (maybe 60:40 or 70:30)  

[HairyMaclairy]

 BADDA BOOM

[JayJuanGee]

the ETF application will fail

I'm hoping this is already priced in. Idk. Just because I'm all doomed out doesn't mean the market is, I guess.

Still, poor Jay tho.

You are starting to act like fatty with your pussified passive aggressive irrelevant and nonsensical comments.

By the way, I like to see that there are about three walls of 500 coins each for sale between $7800 and $8k, and perhaps they will be eaten through quickly given our current price movement?