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

[buyandhold]

I was about to post the same pic! We have a new pattern, kinda like bart with spiky haircut. Two short squeezes for a day and at least 5-6 for a week are definitely brutal. Bears are in pain  

I dunno. Look how droopy that trend is. I'm depressed. whatever

[1680019715]

1680019715

[HairyMaclairy]

New downtrend line is holding



And looks like we may revisit support from the age old support / resistance line:

[jonoiv]

This whole day has been totally unnecessary.  

no, this is how the bitcoin market works. the last dump was necessary to fuel the next pump to over 9k.

*rocket.gif*

Mr Elliot is turning in his grave. Is there anyone else who wants to share their infinite wisdom?

try harder

wow a wordless meme, it really emphasizes your point.  It shows you know what you're talking about.   I'm willing to listen to bullish points of view, just not willing to listen to people / bots that write the same old...Yay moon, rocket, choo choo ect. Im sure that some people on the forum will be sucked in by it from time to time, but most people will form their own opionions based on analysis, not simpletons with vested interests and a collection of recycled memes.

[JayJuanGee]

I just need to point out that the bear market of 2013-2015 was not exactly three years, but one year and a half. Since it covered three years, people think they were full three years, which is not the case.

There can be a lot of variance in the measurement both in terms what was the actual bear market, and there are some reasonable claims to 3 years, especially if you count from the top of the previous peak and how long it took to return to prices above the previous peak.  Surely, measuring from previous peak to returning above that seems a bit of an extreme measurement too.

Another angle, is to measure what were the perceptions of being in the bear market - and getting out of such bear market.  You know some folks like to call "bear market" as soon as the price enters into a correction, and some times they might end up being right.. like chicken little continuing to say that the sky is falling or the boy who calls wolf.  When you call "bear market" early and often, it remains unclear whether the trend would have been reversing..

Furthermore, even your depicted time-frame of 2013-2015 might be inaccurate and suggests the result that you want us to reach.

Personally, I have been of the belief that even though the bear market of 2014 began around late 2013, it really would not have been reasonable to label it as an actual "bear market" until about the end of 2014 when the price continued to not be able to recover above $500, and then just plunged into its low large $200 range.  Also, even though BTC prices largely began to recover in about October 2015, we really did not have any convincing evidence until about May 2016 when the price shot above $500 for the second time (of the previous 7 months), and even that end of May 2016 shooting up was far less than a 100% certainty about being out of the earlier bear market (but instead a reasonable perception, and bet).

I guess in the end, I likely agree with you that the bear market was less than 3 years, but I would most strongly characterize such bear market (both the perception and the ultimate market performance) lasting between about mid 2014 and mid 2016.. which would be two years, but surely we could recognize arguments for the assertion of alternative frameworks, depending also upon whether you believe certain causes to have been more prevalent to your story of what happened (bringing us into or out of such "bear market").

Finally, some folks have reasonably asserted that bitcoin has never been in any kind of meaningful bear market, and surely that kind of story would just emphasize the s-curve adoption aspect of bitcoin, and perhaps give less emphasis to some of the reality of the significant price corrections in terms of length of time and depth of the correction(s).

[HairyMaclairy]

Just checking in with the conservatives here - we all agree that if Trump did a deal with the Russians for them to hack the Democrats emails, then there's absolutely nothing wrong with that?  Getting a foreign power to hack your political opponents is just smart business?  Do you agree?

http://thehill.com/homenews/administration/399461-giuliani-collusion-is-not-a-crime

[Rosewater Foundation]

[aaroque2003]

Just checking in with the conservatives here - we all agree that if Trump did a deal with the Russians for them to hack the Democrats emails, then there's absolutely nothing wrong with that?  Getting a foreign power to hack your political opponents is just smart business?  Do you agree?

http://thehill.com/homenews/administration/399461-giuliani-collusion-is-not-a-crime

Only one small detail to that story sir... u are missing the key element, was not a HACK, Ask Seth Rich about it once u reach heaven, IFFFFFF a person like u with all that TDS which produce huge amounts of hate towards everybody else, ever gets to heaven.. Have a bless and nice day.

[JayJuanGee]

Haha, digged old stuff out - still good and correct.

Small blocks was dictated by the 'best' software devs and a fiat based blockstream, blocking on chain stream.

Bitcoin business devs moved on, since on-chain scaling is provenly possible in the global money world.

Sure, not with Raspis, censure and social engineering, but with decent tech and investment like minres already achieved over last years.

Do you have a BIP?  Or are you merely suggesting that folks here migrate over to bcash, since bcash is surely superior to bitcoin with its segwit and lightning network and other second layer scaling, right?

KISS is king.

Complexity will die or never take off.

Get the fuck out of here with your assertion that segwit and lightning are complex, or too complex and that the purported complexity of these will be a meaningful hinderance for bitcoin.  You are speculating without fact, and some kind of nice talking point that is NOT justified in reality (but it sure sounds nice, right?)

And good luck with your KISS on bcash.... scaling has been playing out well on bcash, right?  No traffic and so there is plenty of room for expansion... you guys are doing very well.. it's gonna be lovely.. you, Roger, Craig, jbreher, Jihan and PeterR... one bigblocker happy and quasi centralized family.

Haha, yes its easy to trigger religious ppl who still believe their core is the center of the truth, and only these few!  

like https://mobile.twitter.com/BashCo_/status/1023593797127745541 as well.

Nah, you ll get it little later then. Still all segregating forces active here.

https://mobile.twitter.com/Bitcoin/status/1023477720036962304

You have been spouting Bcash and BIG blocker nonsense for quite a long time hv, and attempting to assert that you are bringing some kind of value to the conversation, and suggesting that bitcoin is "going in the wrong direction," blah, blah blah...

Furthermore, your suggestion that bitcoin is merely acting on some kind of "religious dogma" rather than accounting for better technology is misleading, and just a stupid-ass superficial attack assertion.

You realize that segwit was adopted by consensus, correct?  segwit allows for keeping smaller blocks and off chain scaling.  You don't want to accept such consensus direction of bitcoin so you spout out bcash/big blocker talking points, on an ongoing basis.... asserting doom and gloom for bitcoin, blah blah blah.

You are wrong, hv.  Why can't you face it?  You just want to continue to assert nonsense and disinformation....

Regarding bitcoincore.org removing bitcoin.org from their web resources, so fucking what?  If that website, including bitcoin.com, is engaged in the misleading of people into suggesting that bcash is the real bitcoin, then this is not about religion, but instead about attempting to minimize the impact of an attack vector.  BIG blockers and bcash nutjobs, including yourself, continue to engage in physical attacks on bitcoin and also propaganda (informational) attacks on bitcoin, so it remains fair game to lessen the impact of some of the informational attack vectors, such as removing bitcoin.org from the bitcoincore.org resources pages.  That is not called "religion," it is called "defense" against an attack vector (and perhaps even "offense" against an attack vector depending on how the matter is framed).

[El duderino_]

i am in deep peace.... just been @dinner @ a thai resto and with my brother, girl .... and with my coffee came a fortune cookie

just loved what it said      almost exactly like "hodl"

[Hueristic]

If i sell now, is it the bottom or the top?  

-if you sell, it'll be the bottom.
-if you buy, it'll be the top.

That's the way it usually goes.

It is for me.

I guess hodl until margin call or no balls  

Been there, done that for months. I had to do that during the BCH split and the fucking rates went up to the MAX!!! And I didn't get the BCH to boot.

At least some of their algorithms don't seem entertaining enough for a handful of Wall Observers.

HAH, looks like my screen.

As the price drops to panic inducing low prices I will share a few stories for story time.

I finally got my account unlocked on WEX after supplying details of every transaction I ever had with them, signing statements from the addresses of the receive addresses for all of my withdrawals, screen shots of receiving those transactions and sending the IP address of every time I logged into the system.

My account was locked out but I am not able to withdraw my NMC for 2 weeks (I assume this is how long they believe they will still be around, or they need 2 weeks to pilfer the rest of my NMC). I used to have 21k NMC. I logged in to see 12k NMC and 9k NMCET. From the looks of things WEX was allowing people to withdraw NMC (likely because they could just use mine and that's all they had left). I guess their remedy for opening my account was to create a fake NMC token and distribute that as "just as good as NMC". As people quickly ended up dumping the worthless token lowering the price.

So now I have to wait 2 weeks and watch as the whole thing implodes. But at least I can watch the last of my NMC get pilfered in the meantime.


On another note, I've been trying to buy a car here in French Polynesia since February. Borrowing a friend's car while I try to sell enough BTC to get francs to buy a car. After only getting about $800 worth I was about to buy a scooter when I realized that I have 6000 euro in an old German bank account from a few years ago. That German bank account is on the European SEPA network. Many people here in French Polynesia are from France and have french bank accounts. So I found a guy from France who sold me his Twingo for 6000 euro. I sent the transfer though the online bank transfer and got the car. I got an e-mail today from the guy saying the transfer never went through. So I check the bank and sure enough, transaction was reversed "Please contact the bank for further details". The problem being...how do I call the bank in Germany from French Polynesia? I don't even have a number here, who uses phones? I opted for the data only plan. Furthermore I don't speak German so even if I get through I'll have to ask for someone who speaks English and they'll tell me "oh the person who speaks English will call you back, what's your number?". I re-sent the transaction, I e-mailed the bank and told them to e-mail me back. If it's not resolved in the next day or so I'll just use localbitcoins to sell a BTC to transfer to the guy's bank account.

I just want to get all of my money off of these banks and exchanges and into wallets under my complete control. I should not need to ask permission or jump through so many hoops just to get access to "my money".

Just a lesson to all of those that still have money in these types of locations, get them off while you still can. Not your keys, not your coins. Money in the banks is not your money.

Almost all Germans speak English, they are taught it in school (I think it's a law). Good luck with that though.

[bitserve]

Just checking in with the conservatives here - we all agree that if Trump did a deal with the Russians for them to hack the Democrats emails, then there's absolutely nothing wrong with that?  Getting a foreign power to hack your political opponents is just smart business?  Do you agree?

http://thehill.com/homenews/administration/399461-giuliani-collusion-is-not-a-crime

No, if he directly paid or instigated (colluded with?) someone to hack the servers and publish the emails that would be clearly ilegal.

Additionally, if he was involved in any way on it that could be proved somehow he would not only be a criminal but a stupid and a danger to be in charge of the US. I don't really think the guy is as much stupid and much less his advisors who, were they in any way involved in this issue, would have never even informed the guy about it.

I would be shocked if it could be proven that he was (legally) involved in the crime... if there was such a crime.

[JayJuanGee]

Going for the intermediate top in 4-6 days. After that, we will see whether it is (i) a 2013 recovery after a small downturn or - more severe - a retesting of the $5,8xx barrier, or (ii) a real bear market with testing and break of the $5,8xx barrier.

But perhaps there are takers for the scenario of shooting up to $10k in this runup 

How could the situation be "either",  "or" tested within the next 4-6 days whether BTC prices are going up or down? 

Aren't we still within a consolidation price range that could be broken one direction or another, or the consolidation price range could merely shift, expand or narrow?    Even though the set of possibilities are not infinite, there are more than merely two possible outcomes, no?  and more than three too..   Remember the three?  1) Up, 2) Down and 3) sideways....   Even within up, down or sideways, we have more nuances, no?

[JayJuanGee]

I think there will be a decline again after a few weeks. Later on, it seems like collecting works from the bottom will happen. For the Etherum, there's got to be some more.

What are you saying, exactly?

Alts including ethereum could continue to go down while bitcoin decouples from them and goes either sideways or up, or alts could pump and leave bitcoin behind.   Furthermore a decline of anything, whether bitcoin, some alt or a combination is far from certain, unless you are saying that there is some specific piece of news that could affect all of it, and a BTC ETF seems to be the most crypto dominant piece of news, at the present, but surely some other piece of news could come upon the crypto scene and push price dynamics too, right?

[kurious]

Just checking in with the conservatives here - we all agree that if Trump did a deal with the Russians for them to hack the Democrats emails, then there's absolutely nothing wrong with that?  Getting a foreign power to hack your political opponents is just smart business?  Do you agree?

http://thehill.com/homenews/administration/399461-giuliani-collusion-is-not-a-crime

No, if he directly paid or instigated (colluded with?) someone to hack the servers and publish the emails that would be clearly ilegal.

Additionally, if he was involved in any way on it that could be proved somehow he would not only be a criminal but a stupid and a danger to be in charge of the US. I don't really think the guy is as much stupid and much less his advisors who, were they in any way involved in this issue, would have never even informed the guy about it.

I would be shocked if it could be proven that he was (legally) involved in the crime... if there was such a crime.

You have to admit, there might just be the tiniest possibility that he is that stupid.  I can't see the 'smoking gun' evidence turning up anytime soon, too many people don't want the whole house of cards come tumbling down.  But anything is possible. From impeachment, right through to him getting a second term. Biggest soap opera on the planet, the guy makes the news every time he gets up to pee in the night.

[JayJuanGee]

Haha, digged old stuff out - still good and correct.

Small blocks was dictated by the 'best' software devs and a fiat based blockstream, blocking on chain stream.

Bitcoin business devs moved on, since on-chain scaling is provenly possible in the global money world.

Sure, not with Raspis, censure and social engineering, but with decent tech and investment like minres already achieved over last years.

Do you have a BIP?  Or are you merely suggesting that folks here migrate over to bcash, since bcash is surely superior to bitcoin with its segwit and lightning network and other second layer scaling, right?

KISS is king.

Complexity will die or never take off.

I agree completely. I mean look at computers, the internet, and automobiles. They're so complex that they'll never take off.

That's why we're still using the abacus, 2 tin cans on a string, and horses with carriages. KISS is king.

We talk about unneeded over-engineering - that's all.

If a road is getting too small and you have space left at its sides, you simply create more lanes - not complex bridges or tunnels and crosses ! (and charge for ppl need to use the safer road)  - esp if all the shops and merchants are already built next to that road.

 

You are just making up shit.  Surely sounds like a great analogy, but please snap back into reality for a while, no?

[JayJuanGee]

What is cool with bitcoin and the open source decentralized corporation free crypto space is that there is no one to sue or jail if something goes wrong... when ETH was in difficulties there were no suckers to hang...

contrary to the facebook... do you agree that saving the private zuck is a great idea following the total VIOLATION OF FINANCIAL DUTY AND RESPONSABILITY by MS sanderberg? yes, zuck, sandberg must end in jail for 40 years for her crimes...

what are her crimes? like mr dorsey or mr schmidt (beyond fucking underage girls), is that they decided to USE THEIR POSITION IN THOSE CORPORATIONS TO PURSUE A POLITICAL AGENDA DETRIMENTAL TO SHAREHOLDERS.

aka they have prioritized their "goals" vs OUR GOALS.

they have betrayed, they must pay, with their lives...

why such leniency toward the (z)fuck? save 1 : kill 3 seems to be a good warning to those domestic enemies. zuck lives and will tell the story when he watched the death of ms sandberg, mr dorsey and mr schmidt.

Execute her zuck, and you save yourself, forget fb, money... it's life and death.

we are feed with them, they censor, they ban, and then what? force vaccinate? mind reading and control? what else? war? cool... but your WALLS will never be wide enough.

remember it ain't trust, just... 2 orphans less...

save yourself, wipe her. jail : 40 years.

and the bitch is down... or you don't?

will see...

Are you and mymenace the same bot?  

You have a similar dumb-ass quasi-incomprehensible and quasi-nonresponsive style, except your substance leans a bit more bearish than mymanace's substance.

Are B1tUnl0ck3r and mymenace the same person/bot?

I am way too slow in my identification of this issue...   

[bitserve]

Just checking in with the conservatives here - we all agree that if Trump did a deal with the Russians for them to hack the Democrats emails, then there's absolutely nothing wrong with that?  Getting a foreign power to hack your political opponents is just smart business?  Do you agree?

http://thehill.com/homenews/administration/399461-giuliani-collusion-is-not-a-crime

No, if he directly paid or instigated (colluded with?) someone to hack the servers and publish the emails that would be clearly ilegal.

Additionally, if he was involved in any way on it that could be proved somehow he would not only be a criminal but a stupid and a danger to be in charge of the US. I don't really think the guy is as much stupid and much less his advisors who, were they in any way involved in this issue, would have never even informed the guy about it.

I would be shocked if it could be proven that he was (legally) involved in the crime... if there was such a crime.

You have to admit, there might just be the tiniest possibility that he is that stupid.  I can't see the 'smoking gun' evidence turning up anytime soon, too many people don't want the whole house of cards come tumbling down.  But anything is possible. From impeachment, right through to him getting a second term. Biggest soap opera on the planet, the guy makes the news every time he gets up to pee in the night.

I don't know... the guy maybe mad, even insane... but... stupid? No, he is not. I am sure he is much less stupid that he does seem to be. It's all a pose and a farce that has worked amazingly well for him through his entire life.

And yes... (the status quo) that's another reason I don't think any evidence could see the light.

As I said, no matter what really happened, I would be fucking shocked if some clear evidence on his involvement on that issue would show up.

P.S.: Also when you have that kind of money and power you have access to top-notch advisors that can compensate for any mental disabilities the guy could have. Trump is Trump and his resources, the second being of utmost importance.

[Hueristic]

I think there will be a decline again after a few weeks. Later on, it seems like collecting works from the bottom will happen. For the Etherum, there's got to be some more.

What are you saying, exactly?

Alts including ethereum could continue to go down while bitcoin decouples from them and goes either sideways or up, or alts could pump and leave bitcoin behind.   Furthermore a decline of anything, whether bitcoin, some alt or a combination is far from certain, unless you are saying that there is some specific piece of news that could affect all of it, and a BTC ETF seems to be the most crypto dominant piece of news, at the present, but surely some other piece of news could come upon the crypto scene and push price dynamics too, right?

Yeah, tether could print another 300 million again!

[Anon136]

It’s not that much of a price drop. Why is everybody panicking like a bunch of pubescent teenage girls?

Strap on a fucking sac.

HODL

Haha. https://www.youtube.com/watch?v=N1NupxasQWs

I just want to get all of my money off of these banks and exchanges and into wallets under my complete control. I should not need to ask permission or jump through so many hoops just to get access to "my money".

I told this story before so you may have heard it, but I think it bears repeating, I'm sure not everyone saw it. Wells Fargo down right refused to wire transfer money from one of my accounts because "it came from coinbase". People are oh so worried about the risk in crypto as they whistle past the grave in the legacy financial system.

[JayJuanGee]

Bitcoin got hacked?

Whats up with that infinite dump?  

Hm?  What are you talking about?  

In BTC, there is both dumping and buying going on at the same time.

When the BTC price goes down, there are more dumpers than buyers and when the price goes up, there are more buyers than dumpers.  

Both buying and dumping are seemingly to be infinite, as long as BTC price is below zero.

maybe bitcoin will go down to 5000 and if its happen we will see the long term bullish ! #THE LAST DUMP.

Maybe BTC prices will go down, and maybe they will not?

What happens if the BTC price goes below $5,777 or perhaps below some higher price point is that bears get the signal that there might be more weak hands to shake out.  On the other hand, if BTC prices don't go down that far (such as $5k), then there may not be any additional dumping of BTC.. and therefore, you better get out there and buy some BTC now, because today could very well be the lowest BTC price that we are going to see in the very near future (or even ever again).  In other words, it is probably not a good idea to wait for $5k or anything in that price arena, when it might not happen.