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

[Phil_S]

Check out 1w interval...

Such "no change week" usually means top or bottom.

[1685759702]

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[HairyMaclairy]

Candle hasn’t closed yet, but it is perfectly reasonable to expect a decent bounce off $5700 from here. 

[kirreev070]

[mindrust]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

[rolling]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

[scambust]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

[Gyrsur]

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

[El duderino_]

Sipping on the wine as we speak .... but still sober enough to say the price is and Will be always to LOW ........ cheers 

[reactorjuno]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

[infofront]

And then there's some guys expecting sub 6K.

I saw one prediction that had us dipping as low as $3k mid 2020.

I would like to pretend I never saw that one though

EDIT: Found it on Twitter.

https://twitter.com/KunalDaSen/status/1029016530640625664

Anonymint agrees with this analysis.
https://steemit.com/trading/@anonymint/re-anonymint-bitcoin-to-usd15k-in-march-usd8-5k-by-june-then-usd30-k-by-q1-2019-20180818t094501515z

Edit: Also more discussion about this topic here

[gembitz]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Aktivation occurring //^$20K then rocket up to $250K+ *speedbumps kaint faze me brah


weeeeeee

[mike4001_]

Bitcoin difficulty is again expected to increase by 11% in 5 days.

https://fork.lol/pow/retarget

So miners should be at a loss (maybe already or in 1-2 adjustments depending on unknow electricity + labour costs.)

Will be interesting if they will bring the price upwards somehow or just keep mining.

[Gyrsur]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

2019 will be the year of the failed ICO's.



EDIT: https://blockgeeks.com/guides/why-most-icos-will-fail/

[kirreev070]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

2019 will be the year of the failed ICO's.

It will hurt for many of us

[Last of the V8s]

https://news.sky.com/story/royal-bank-of-scotland-bankers-joked-about-ruining-us-housing-market-11473390

One senior trader noted in May 2006, that when compared to "the rest of [Wall S]treet... we do the least amount of diligence and kickout the fewest loans".
The underwriting of loans was summarised in October 2007 to a top trader as follows: "You can't get to these default levels without having every possible, you know, style of scumbag... it's like quasi organised crime... [F]acilitated by brokers... and just a lot of bad people... "

[reactorjuno]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

2019 will be the year of the failed ICO's.



EDIT: https://blockgeeks.com/guides/why-most-icos-will-fail/

Agree, ICO's will come to an end soon and it will be the best thing that happened to the crypto world.

[yefi]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

[afbitcoins]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

I didn't have police at the door but I did have the bank account closed, funds frozen without explanation happen to me. It really really sucked

edit: It was also Clydesdale bank

[HairyMaclairy]

One victim even claims to have had their house raided and computer equipment seized in a follow-up operation by UK police."

source: https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/

I should hope there's more to that case than meets the eye. There should be reasonable belief that an offence has been committed for a warrant. I don't think receiving a large sum from an exchange would be sufficient for money laundering charges without some kind of incriminating evidence (IANAL of course).

He is a 4chaner.   That’s reasonable cause right there.

Pro tip:  HSBC are mercenary and DGAF.

[realr0ach]

https://twitter.com/KunalDaSen/status/1029016530640625664

As much as a post like this looks like it might have some form of rationality behind it, it doesn't because it doesn't take the macro-economy into account AT ALL.  It's pretty obvious some type of dollar liquidity crunch followed by more Keynesian experiments (QE 4,5,6) will happen in the near future.  There's also people like Richard Koo who have firmly debunked that QE has any positive effect at all and will accomplish nothing, which is why they've been talking about things like "basic income" instead of QE, aka helicopter money.  

A curve like that cannot actually occur unless the base monetary unit is stable and not inflating or deflating, and we are on the verge of either complete deflationary collapse, in which that chart would take a dive off a cliff, or extreme, Volcker inflation.  It also sounds like unreliable data, but lots of people are claiming the "deep state" aka Jews are going to engineer a market crash in October to make Trump look bad for November.  There's lots of side evidence for this fact by having Zio-scum Jews like Bill Maher on his show literally telling people they need to crash the economy on purpose to destroy Trump.