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

[Last of the V8s]

https://www.slideshare.net/JohnSmith4879/bitmainzh-cnen
https://www.slideshare.net/JohnSmith4879/bitmain2

Block Digest Special Edition - Bitmain IPO https://www.youtube.com/watch?v=DztLtbbkDn0&

@shinobi (the main commentator in the video) is not a pro-Jihan kinda guy, always gives Bitmain a roasting.

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[Biodom]

Not sure what the heck you all are talking about, but it kinda sounds like fun! 

Meanwhile, Bitmex CEO claims that ETH is going sub-100: https://www.ccn.com/shtcoin-ethereum-price-will-fall-below-100-bitmex-ceo/

Very well may be.
My technical reasons (apart from overall feelings of potential eth inferiority based on many characteristics):
1. eth Jan 2018 peak of 1400 is the the time equivalent of 2013 btc peak. the consequent decline should be at least to $188.
2. btc had several bubbles and declines. This is the first for eth, so, potentially, this is rather an equivalent of btc bubble to bottom move of $32 to $2 (2011). In such case, bottom would be at around $88.

Conclusion: it is entirely possible that eth would bottom at $88-188.

[goldkingcoiner]

For anyone who wants a less complex explaination of the Bitmain IPO: https://www.youtube.com/watch?v=9iVpTBghwLs

[Elwar]

Code:

Last of the V8s

[Last of the V8s]

[kirreev070]

[jojo69]

savage

[leetlezee]

For those of you looking for a different outlook on today's price movements, Yahoo just posted this article:

https://finance.yahoo.com/news/crypto-market-crash-prompts-suicide-concerns-135248250.html

I think the key part that the Yahoo article did not include or mention is the differentiation between investors who FOMO-ed and got in above their heads and invested money they could not afford to lose, and those who invested in cryptocurrency while remained fully cognisant of the risks.

[JayJuanGee]

For those of you looking for a positive outlook on today's price movements, Yahoo just posted this article:

https://finance.yahoo.com/news/crypto-market-crash-prompts-suicide-concerns-135248250.html

I think the key part that the Yahoo article did not include or mention is the differentiation between investors who got in above their heads and invested money they could not afford to lose, and those who invest in cryptocurrency while fully cognisant of the risks.

How could that be positive, if it is referring to crypto suicide tendencies?

[Rosewater Foundation]

For those of you looking for a positive outlook on today's price movements, Yahoo just posted this article:

https://finance.yahoo.com/news/crypto-market-crash-prompts-suicide-concerns-135248250.html

I think the key part that the Yahoo article did not include or mention is the differentiation between investors who got in above their heads and invested money they could not afford to lose, and those who invest in cryptocurrency while fully cognisant of the risks.

How could that be positive, if it is referring to crypto suicide tendencies?

We ruined a bunch of young people that will never come back.

We hate young people.

[HairyMaclairy]

The article is a capitulation flag, suggesting a bottoming of the market.  Obviously one article isn’t enough but it’s a start.

[leetlezee]

We ruined a bunch of young people that will never come back.
We hate young people.

The stock crash of '09 burned a bunch of millenials on every investing in the stock market, and the crypto-crash of '18 will, I'm sure burn a bunch more people on every investing in crypto.

[gentlemand]

We ruined a bunch of young people that will never come back.

We hate young people.

Who wouldn't? With their bounteous bosoms you can bounce quarters off and johnsons you can hang a ship's anchor on.

That'll teach them not to fuck with their seniors. We may keep our prostates in a glass by the bed, but that doesn't mean we don't have other means of reminding them of where they stand.

[savetherainforest]

YESSSS!!!! EXACTLY!!!! ... That little sh!t with his big Shrek square shaped head!!!

[HairyMaclairy]

The way the entire alt market follows a few Bitcoin whales like a ferret on a leash just goes to show how little substance there is to it.

[Gyrsur]

^^who is this stoned and/or drunken dude above?

[33bitcoin]

My Eth bags

[goldkingcoiner]

I used to think I did not understand you because I thought you were Pros that had deeply professional conversations about concepts I have never heard of. Now I know the truth. You're all on drugs.

[HairyMaclairy]

Dumb bunny uses SIM 2FA and loses $23 m, then sues AT&T.

https://money.usnews.com/investing/news/articles/2018-08-15/us-investor-sues-at-t-for-224-million-over-loss-of-cryptocurrency

[JayJuanGee]

We ruined a bunch of young people that will never come back.
We hate young people.

The stock crash of '09 burned a bunch of millenials on every investing in the stock market, and the crypto-crash of '18 will, I'm sure burn a bunch more people on every investing in crypto.

You are predicting that this current crash is NOT over?

What are the chances that there is another uprun in altcoins and BTC before the BIG CRASH comes?  Do you know?  Can you reasonably presume that this time around is the BIG ONE?

I will concede that a lot of peeps already got reckt, but there are a lot of peeps also who are ready, willing and able to ride out the downwave, assuming that there is going to be another upwave at some point.

Personally, I have my doubts that this current correction is going to be a several year long correction that really weeds out the vast majority of 14 year old crypto speculators.