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

[elrippos friend]

I think we all have to accept that last year was a wild fucking ride. Bitcoin has & does have wild swings when we fall massive %’s from ATH’s.

Somebody posted a graph before showing the crashes we’ve had in % form from every ATH so far.

Stay strong & HODL, we will find a bottom & in a year or two we’ll reach a new ATH.

HODL!!!!!

Muuuuaaaaaahhhhhhaaaaaahhhhhhaaaaaaa 

[HairyMaclairy]

I am playing around with Google Trends data of "Bitcoin" as a search term v Bitcoin price.  I used the daily values for each for 2018, converted to a percentage.  Start date is 1 January 2018, end date is 5 September 2018.

Price is orange, trend data is green.  

So, "absolute" is the number of bitcoin queries as a fraction of global Google use?

Hmm. I can't spot any pattern. Can you?

It would be nice to have the day scale in months/weeks rather than absolute numbers, with a few markers to put things into historical perspective.

The first peak in searches seems to anticipate the price. After that first event, the curves seem mostly uncorrelated. Maybe if we REALLY search Google a lot we could...?

I was of the opinion that google searches follow price (like in the FOMO period) rather than leading price.. in other words a lagging indicator.

I think where I am going with this is confirmation of a price trend.  If google searches don't follow an upwards price trend, then the price trend is suspect. 

[Realerre]

There's a reverse bart forming like now...watching it live is amazing

[julian071]

Nice dump & pump action :+)

[serveria.com]

Who sold at the bottom? 

[El duderino_]

Nice dump & pump action :+)

haha nice

weekend dump maybe turning into a sunday PUMP

[El duderino_]

Who sold at the bottom? 

ain't selling shit but i did changed my gameplan-lifestyle

from fine DINNER places as last times to CRAP PLACE breakfast places whitout a HOT GF or anything like really right now 

everything from tables and seats and chairs are broken and shit..... = hodling style modus for the goossman

[LFC_Bitcoin]

Who sold at the bottom? 

Bunch of losers probably.

[El duderino_]

Everyone has been extremely bearish. Could be a bullish sign, as Theymos mentioned.

At any rate, I can't imagine us going below $3K.

LOL, I am pretty convinced this shit is going sub 1K. Years from now and it will be remembered as a scam of the century, it actually is, admit already that all you are waiting for here is just new bunch of idiots with student loans. No difference with 2014-2015, but this time it will never hit even 10K.

LOL
Crazy fuck’s showing up and calling crazy Numbers ..... mostly good sign

Probably NO COINERS mic

this i now, its all just NOISSSEEEEE

[Icygreen]

i bought my 2 kids both an gpu eth miner to educate them into crypto as it beomes their world, and i want to prepare them on their future.... Better just gave them the money they costed...

So you're mining an altcoin and you want guarantees about bitcoin's future, right?

FLMAO!! Capitulation starts!  Sorry a classic, really, but ya seriously @ dutchlincoln, hodl_2015 gave you a small gem with his post.  Pick yourself up man, or, ya know... sell and get that instant relief you're craving. Someone out there will be thankful for it  
Good luck dude, hope you're not being irresponsible with capitol needed in the short term.

Oh, i do appriciate the positive feedback of some, and i puke on the feedback of some self-acclaimed guru's with "steel balls".

Just like all newbies (yes, i know i am and i try to learn every day in order to lose that sign on my forehead) i just need some reassuring FACTS BASED info that we're still on the right track.
(Snipped)

There's some really great educators out there that may answer some of the questions you have. Andreas Antonopoulos and Simon Dixon come to mind. But do yourself a favor and find the difference between fundamentals and price speculation. Hint, they do not always align with each other but when they do its rockets and Lambos.
As many have said here, holding is not easy in a volatile fringe market and if you happen to be on the correct side of the price speculation in the future, it's likely because you've earned it.

[Yaplatu]

As a reminder :

Between July 25 and 26 (2018) Facebook lost 22%  (-22% = 137 billions).  

[elrippos friend]

Man boring in here 
No dump and/or pump action 

[HairyMaclairy]

Found out why I was having trouble getting limit orders filled on ETH/BTC today on Bitstamp. Total daily volume:  $US 1 million.  That’s a shitcoin.

Man boring in here 
No dump and/or pump action 

It’s just noise in the middle of the wedge. Doesn’t mean anything.

[d_eddie]

I am playing around with Google Trends data of "Bitcoin" as a search term v Bitcoin price.  I used the daily values for each for 2018, converted to a percentage.  Start date is 1 January 2018, end date is 5 September 2018.

Price is orange, trend data is green.  

So, "absolute" is the number of bitcoin queries as a fraction of global Google use?

Hmm. I can't spot any pattern. Can you?

It would be nice to have the day scale in months/weeks rather than absolute numbers, with a few markers to put things into historical perspective.

The first peak in searches seems to anticipate the price. After that first event, the curves seem mostly uncorrelated. Maybe if we REALLY search Google a lot we could...?

I was of the opinion that google searches follow price (like in the FOMO period) rather than leading price.. in other words a lagging indicator.

I think where I am going with this is confirmation of a price trend.  If google searches don't follow an upwards price trend, then the price trend is suspect. 

I see your point, JJG and Hairy. It makes sense. But I can see such a confirmation only after the second spike - not the first. This doesn't make as much sense, does it?

[ivomm]

So many newbie accounts and legendary accounts (sold to trolls of course) with doom and gloom posts. For those FUDsters telling us how Bitcoin will go to 3000K and lower: Tell me one reason even going there that I should sell now, knowing that it will come back to 6K in less than a year for sure.  Who knows, Bitcoin may reach 10K or 20K again while waiting to go lower and getting less Bitcoins at the end, than I have now. I've been there 2-3 times already and as a result I have half of the bitcoins I should have if just holded. So thanks, but no thanks. I will hodl even in the most severe bear winter.

[El duderino_]

Always so many numbers in charts for me its like 1 = hodl all the way to 12 = still hodl and what nbr 13 is gonna be on this chart  will still be hodl for me     
                                                       

[El duderino_]

Everyone has been extremely bearish. Could be a bullish sign, as Theymos mentioned.

At any rate, I can't imagine us going below $3K.

LOL, I am pretty convinced this shit is going sub 1K. Years from now and it will be remembered as a scam of the century, it actually is, admit already that all you are waiting for here is just new bunch of idiots with student loans. No difference with 2014-2015, but this time it will never hit even 10K.

via Imgflip Meme Generator

there will always be 2 groups

[goldkingcoiner]

Who sold at the bottom? 

ain't selling shit but i did changed my gameplan-lifestyle

from fine DINNER places as last times to CRAP PLACE breakfast places whitout a HOT GF or anything like really right now 

everything from tables and seats and chairs are broken and shit..... = hodling style modus for the goossman

NO COIN NO TITTIES

[Ted E. Bare]

Yep I also had to downgrade my lifestyle.

[El duderino_]

Who sold at the bottom? 

ain't selling shit but i did changed my gameplan-lifestyle

from fine DINNER places as last times to CRAP PLACE breakfast places whitout a HOT GF or anything like really right now 

everything from tables and seats and chairs are broken and shit..... = hodling style modus for the goossman

NO YES COINs NO BIG TITTIES

FTFY ...... and its Just one of my sunday regular sober up breakfast places/hodlecave.....