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

[dandannn]

Hy guys,

who thinks we will hit +€25k by the end of 2018  

Love to see that but it’s a NO from me

Odds are looking pretty low at the moment, perhaps less than 15%?  Or is that too bearish?

We gotta get above a few pretty strong resistance points, especially between $10k and $17k.... Probably if we were able to get above $17k, then we have pretty decent chances of breaking above previous ATH from there... By the way, I am also reading your €25k as a value of about $28k, since we are talking dollars in this thread, not European funny money.   .... so yeah, once we get above the previous ATH of $19,666, then probably we will be able to get into the sub $30k territory before meeting some resistance, perhaps?

The problem is so many people who bought around the end of 2017 will be holding out to sell off as soon as we get back up to the last ATH so they can get their money out. I think when we get near the ATH it wont smash straight through, as much as i would love it too.

I also think people will be happy to take a risk buying now and holding until we reach the previous ATH, without them wanting to hold on any longer as they fear the retrace.

They wont, because then Greed kicks in.

FOMO !!

[elrippos friend]

Hy guys,

who thinks we will hit +€25k by the end of 2018  

Love to see that but it’s a NO from me

Odds are looking pretty low at the moment, perhaps less than 15%?  Or is that too bearish?

We gotta get above a few pretty strong resistance points, especially between $10k and $17k.... Probably if we were able to get above $17k, then we have pretty decent chances of breaking above previous ATH from there... By the way, I am also reading your €25k as a value of about $28k, since we are talking dollars in this thread, not European funny money.   .... so yeah, once we get above the previous ATH of $19,666, then probably we will be able to get into the sub $30k territory before meeting some resistance, perhaps?

The problem is so many people who bought around the end of 2017 will be holding out to sell off as soon as we get back up to the last ATH so they can get their money out. I think when we get near the ATH it wont smash straight through, as much as i would love it too.

I also think people will be happy to take a risk buying now and holding until we reach the previous ATH, without them wanting to hold on any longer as they fear the retrace.

They wont, because then Greed kicks in.

Greed is like the bubbles in "Finding Nemo" 

[El duderino_]

So,
SEC rejected 9 ETF-Proposals 4 hours ago.
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
So far no reaction in bitcoin price. (Everybody sleeping?)
Hopefully it stays above 5800. Hardly anybody seems to believe that anymore.

Yea wow. That pull back was nothing considering. Theories about what that means WOs? The "everyone's just asleep" explanation seems unconvincing.

Not much buying on the rumor = Not much selling on the news.

and let us just HODL @the overal time 

[realr0ach]

and let us just HODL @the overal time  

If you claim "HODL" is a valid investment strategy, doesn't that mean Bitcoin is guaranteed to be a Ponzi scheme since HODL has never been a valid investment strategy in any asset ever?  Even at the base of Exter's Pyramid (gold and silver), it's a solid place to store wealth, except for the fact that risk assets above the base can balloon so large that if you did not participate in the bubbles, everyone else is now 10x richer than you, making you poorer in that zero sum game by default.  

So even with the base of Exter's Pyramid, you're required to not "HODL" and constantly enter and exit between risk and non-risk assets.  Timing is everything whether you want your money to increase or even stay the same since it's a zero sum game.  There will come a time when I despise silver and gold and own none because it's overvalued compared to things like land.  That time is not right now though....it's the opposite of right now.

[Torque]

This thread is basically now 100% DERP.

I temporarily lose IQ points reading this gibberish.

Worst thing about corrective bear markets: derp.

Yes, but pales in comparison to the derp-o-rama going on during bull runs.  All the trading "experts" come out of the woodwork with their laughable charts with random lines drawn on them.

Funny how all these trading geniuses went silent as fuck when the bear correction came, huh? Especially on youtube, so fucking hilarious they've all moved on to other topics now, lol.

No one knows shit about this market and never will.

[realr0ach]

Micgoossens, since you're always drunk or high on something, I think it's time to send you on a trip where no junkie has gone before:

https://www.startrekthecruise.com/

(this is very strange)

[Last of the V8s]

-reddit

[realr0ach]

The kikes are going insane with censorship attempts.  Now they're trying to claim Alex Jones has to be deleted from the entire internet "just because" without even citing ANY type of wrongdoing:

https://www.prisonplanet.com/senator-ron-wyden-demands-consequences-for-platforms-that-dont-remove-people-like-alex-jones.html

[LFC_Bitcoin]

-reddit

It’ll be rejected like all others before it. The market doesn’t seem to be negatively influenced by the rejections any more though.

Would love to see it approved though as I think we’d have a big positive price reaction.

I just don’t think the SEC will ever approve one, not in the short to medium term any way.

[El duderino_]

Micgoossens, since you're always drunk or high on something, I think it's time to send you on a trip where no junkie has gone before:           

https://www.startrekthecruise.com/

(this is very strange)

you got me very wrong .... weekend time and specially when we are out on dinner i drink and enjoy a few good wines, wodka martini's, gin tonic's or so ..... but i'm never high i don't smoke and do no drugs only this year with my birthday after many years i did smoke a joint with the friends and it took me to unknown places for me , i was of the map like never before so from this point even not for a fun moment i would do it again .....BUT normally during the week i'm a very big sports kinda guy so in the week on occasions i wil have a drink but not to often .... maybe once or twice more @summer times of @holiday offcourse...... BUT you got me wrong on few things , saturday maybe it will be a drunk evening first this kevin hart show with the GF and friends but later on it will be massive drink time @ a nightclub of friends  together with other fellow COINERS thats how i like to spend my time 

on the other part when switching from asset to asset when was it you are going to buy crypto ?? its time to dump those metals and buy crypto , you spend so many time in here that is obvious you would like to have a few coins as well so buy BTC you're still not to late don't be the guy running behind the train

[gentlemand]

Can you two keep your relationship stuff to yourselves? Next up you'll be arguing here about the toilet seat being left up. Or down.

[HairyMaclairy]

China bans cryptocurrency even more.

https://m.scmp.com/tech/enterprises/article/2161014/china-block-more-120-offshore-cryptocurrency-exchanges-crackdown

Goes to show how much they are afraid of it

[LFC_Bitcoin]

China bans cryptocurrency even more.

https://m.scmp.com/tech/enterprises/article/2161014/china-block-more-120-offshore-cryptocurrency-exchanges-crackdown

Goes to show how much they are afraid of it

As long as it doesn’t shake out loads of weak ass hands then it’s ok. Pisses me off every time China ‘bans’ crypto it makes people sell. They’re always fucking banning & unbanning crypto.

Some people need to strap on a sac & HODL through these faux bans.

[gentlemand]

Surely whatever mining is left there has its days numbered. The total erasure of anything Chinese is fine by me.

[Savemore]

China bans cryptocurrency even more.

https://m.scmp.com/tech/enterprises/article/2161014/china-block-more-120-offshore-cryptocurrency-exchanges-crackdown

Goes to show how much they are afraid of it

As long as it doesn’t shake out loads of weak ass hands then it’s ok. Pisses me off every time China ‘bans’ crypto it makes people sell. They’re always fucking banning & unbanning crypto.

Some people need to strap on a sac & HODL through these faux bans.

It is true that the China is always banning and unbanning cryptocurrency, it always creating FUD and it is the reason why many panic sellers are losing their money. Strong hands traders are the always have the last laugh. 

[Last of the V8s]

It's the Party though. Fuck the Chinese Communist Party.

[LogitechMouse]

So,
SEC rejected 9 ETF-Proposals 4 hours ago.
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
So far no reaction in bitcoin price. (Everybody sleeping?)
Hopefully it stays above 5800. Hardly anybody seems to believe that anymore.

I thought the third failed rally of bitcoin will make the price of it go lower than 5800 but it didn't.
The rejection of the ETF didn't impact much on the price of it. The pump recently is caused by the maintenance of bitmex (I think).

[LFC_Bitcoin]

So,
SEC rejected 9 ETF-Proposals 4 hours ago.
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
So far no reaction in bitcoin price. (Everybody sleeping?)
Hopefully it stays above 5800. Hardly anybody seems to believe that anymore.

I thought the third failed rally of bitcoin will make the price of it go lower than 5800 but it didn't.
The rejection of the ETF didn't impact much on the price of it. The pump recently is caused by the maintenance of bitmex (I think).

Seems like the market absorbs & doesn’t give a shit about ETF’s getting denied. Who would have thought it? Decentralized currency doesn’t need government approval.

[El duderino_]

indeed  it doesn't just let BTC grow steady and easy .....

[LFC_Bitcoin]

indeed  it doesn't just let BTC grow steady and easy .....

Don’t get me wrong, I’d love the VanEck/SolidX ETF to gain approval, it’d probably create a big pump.

It’s not going to be approved though (imo of course).