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

[somac.]

When I first heard of bitcoin price was in the $20s not long after it was at $266. 5 years later the price is at $7000. There is no way in hell I am fucking selling anything. I keep telling people if you want to see the future of bitcoin go take a look at the full chart history of Berkshire Hathaway. 100,000s is absolutely possible.

[lightfoot]

With these super low prices we may need to shut down the blockchain.

Fortunately they released Satoshi's alert key.

Time to trigger the shutdown switch? Or might things turn around?

I'm scared.

Help.

Here is the message that should be sent out using the emergency Satoshi key:

HODL!!!

[lightfoot]

Also sold to pick up a Porsche, but that's about it.

What did you get if you don’t mind my asking?  I keep looking at the used ads but I’m not pulling the trigger yet. 

Late model 928S4 (91). It's a pretty good car, complex but still fix-able if you know what you're doing. Good 340 or so HP, so enough to get underway and reasonably priced. Excellent suspension for the turns, and at 100mph it cruises on the highway well.

[ThePunisher49X]

Just some humor in this bloodbath we are currently in.

[starmman]

Just some humor in this bloodbath we are currently in.

Haha, yeah I'm just keeping calm and HODLing - the whales are playing games again =)

[mike4001_]

Rewind one year and $6000 seemed like moon.

Just don't rewind 6 months ago. Make sure to cherry pick the right timeline.

Don't get scared until sub $3000.

$3000 is nonsense. Pass it on.

It is even more optimistic to rewind 18 months (to $1000), and the uptrend is still showing as very strong. In fact take any price point more than 10 months ago.  My point is that the price can come back to sub $3000 without breaking the long term uptrend.

Looking back to the peak price is too discouraging.

That´s a bit easy isn't it?

Since bitcoin basically startet at 0 USD you can pick any number and see it as an uptrend.

Pick 5 USD for instance. If we move down to 5 USD tomorrow going from bitcoins inception we probably doubled each year.

[Rosewater Foundation]

The major is fishing. I hope he eats what he catches. If you know what I mean.

_{(I don't know what I mean.)}

[bones261]

It’s all highly amusing

What a shitshow. Now they state someone being able to gain root access doesn't mean it is hackable since the password does not reside in memory for long.   Nor is someone looking over your shoulder or employing the 5.00 wrench method. Sorry, any password that you can store in your brain is most probably hackable.

[El duderino_]

With these super low prices we may need to shut down the blockchain.

Fortunately they released Satoshi's alert key.

Time to trigger the shutdown switch? Or might things turn around?

I'm scared.

Help.

Relax. The prices are still good. Rewind one year and $6000 seemed like moon. Charts mean, because they can be interpreted any way you wish. I can feel the replay of 2014-15 in all the emotions, remembering clearly the daily twists and turns, and it is tracking closely.

Don't get scared until sub $3000. The bounce will be good, it just isn't near yet.

Alternatively don't watch for a year or so, it will be easier on your stress levels.

LOL thats the most easy to say don't watch for a year  
but the NR1 most difficult to do ......... or go live on an island alone ?

just live with it and know thats its just the way it works..... but  think it is more of a joke if it is seriously meant.....

and yes spread some new cheap coins for hodlers that knows what to do with it, only fools selling right now  

I know right, what kind of an asshole sells at this price after seeing what’s possible (north of $19,000 last year).
I think if you need to make the huge profits ASAP then bitcoin is the wrong investment for you.

If you zoom out & look at charts since the first block was mined it’s pretty obvious that over time the price of bitcoin goes in one direction & that’s upwards.

Seriously what is 2-3 years of waiting in a lifetime?

We’ll see $50,000 per coin around 6-12 months after the next halving. I’m fucking certain of it.

If there is 1 thing for sure in This threat its you are super looking forward to next halving
But indeed waiting till then cannot be a problem When investing in BTC and longer as well....

[yefi]

When I first heard of bitcoin price was in the $20s not long after it was at $266.

That's odd, because the absolute bottom after $266 was $45 on Stamp. Gox only made it to $50 iirc.

The selling panic during those few days was intense - more so than anything I've seen since. $100+ blew a lot of minds back then

[Hueristic]

Just to lighten the mood a bit.

https://www.youtube.com/watch?v=cDrhhErxDQY&feature=youtu.be

Rewind one year and $6000 seemed like moon.

Just don't rewind 6 months ago. Make sure to cherry pick the right timeline.

Don't get scared until sub $3000.

$3000 is nonsense. Pass it on.

It is even more optimistic to rewind 18 months (to $1000), and the uptrend is still showing as very strong. In fact take any price point more than 10 months ago.  My point is that the price can come back to sub $3000 without breaking the long term uptrend.

Looking back to the peak price is too discouraging.

That´s a bit easy isn't it?

Since bitcoin basically startet at 0 USD you can pick any number and see it as an uptrend.

Pick 5 USD for instance. If we move down to 5 USD tomorrow going from bitcoins inception we probably doubled each year.

I would love to see the true numbers on time, fiat and energy that has already been spent quantified to the true value of one Bitcoin.

That would make for some killer mathematicians doctorate thesis I would think.

[Icygreen]

On the daily we've got 7 red candles already and today could make 8.  That hasn't happened since last September.  And 8 didn't happen last year at all.  Can't decide if its officially bear season or a decent gamble to do some day-tarding.

[STT]

Bit of a short term bottom is possible, some reaction to a channel.   7200 is a reasonable target  and we have the 50 day moving average underneath us also, still rising

In fact take any price point more than 10 months ago.

Its nonsense to consider less then 12 months.   That view point is fine for traders but anyone drawing a conclusion for BTC on less then a year even is just biased, jumping on a bandwagon.   We got glory supporters and we got the opposite of course, doesnt matter overall

[El duderino_]

Aha new special WO page mix of magical “21” and “007”  bullish ?? 

[Globb0]

[Torque]

If you think of the Nov-Dec rally as simply a beacon to the rest of the uninformed world (like "Hey, I'm Bitcoin, something you didn't even know about!") then it did its job.

Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.

What comes next is gonna be epic.

[bones261]

If you think of the Nov-Dec rally as simply a beacon to the rest of the uninformed world (like "Hey, I'm Bitcoin, something you didn't even know about!) then it did its job.

Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.

What comes next is gonna be epic.

I'm really don't think Bitcoin being on the radar of the Middle class is really what we should be aiming for. The people in the top two tiers of this pyramid are who needs to be convinced. Unfortunately, most of them already made boatloads of wealth with the status quo. The only benefit of the middle and lower classes becoming involved in Bitcoin is for the rich to have more sardines to consume.

[Wekkel]

They will enter if it fits their purposes. With enough ' adoption', this will be inevitable.

Remember what Torque just said. Remember it well.

[bones261]

They will enter if it fits their purposes. With enough ' adoption', this will be inevitable.

Remember what Torque just said. Remember it well.

I edited my post. So yeah, when it suits their purpose.

The only benefit of the middle and lower classes becoming involved in Bitcoin is for the rich to have more sardines to consume.

[d_eddie]

If you think of the Nov-Dec rally as simply a beacon to the rest of the uninformed world (like "Hey, I'm Bitcoin, something you didn't even know about!) then it did its job.

Bitcoin is now in the back of *everyone's* mind. But currently they're all focused on other stuff.

What comes next is gonna be epic.

I share this view wholeheartedly. What we don't know right now is the "when", or what happens before that, or other details such as when the exponential long term curve will start to flatten down into a more or less constant horizontal slope. But whatever happens next to the current phase, it sure is going to be epic. Imagine just a couple of runs in the same league as the latest one to 19k. I suspect ater such an event, a bitcoin stash in the double digits will be enough to be among the wealthy, if not among the rich.