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

[sirazimuth]

Sometimes when you release the kraken it eats the neighbours. Those are the breaks.

Well if it it eats the neighbours dogs, I'm fine with that.
The endless barking drives me up the fucking wall.

few options:

i) move away
ii) complain, fester, stress, fight with neighbour and authorities with protracted de-barking legal squabble or forceful, violent resolution
iii) suck it up, wear earplugs, play loud music
iv) buy the neighbour's house and rent out on "no pets allowed" basis

I tried that dog whistle thingy.
Frikkin' useless.
Right now I'm at option iii and yelling "SHUT YER FUCKING DOGS UP!!!"
I think they just enjoy my suffering though....

[1555652082]

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[1555652082]

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[1555652082]

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[Rosewater Foundation]

Latest gut health probiotic super food

Baby-poo smoothies ... https://www.thetimes.co.uk/edition/news/the-latest-probiotic-drink-a-baby-poo-smoothie-p3clssltn

r u ready for the future?

Fecal transplants are the only thing standing between you and the giant squids of doom hurtling towards your dinner plate. Look to it.

It's an unconventional war.

[sirazimuth]

snip

Oh hey now, I clicked on that link faster than you can say THE JOOOZ  ....

...no actually I didn't... I lied

[realr0ach]

but sadly it means the whale traders probably won't care to trade it then.

<Sigh>

[yefi]

This one is also interesting. How different bitcoin forks perform since their ATH

It's also somewhat inaccurate - Green is not a fork, nor is BitcoinDark, nor is Bitshares.

[nanobtc]

{zappa}

She was the daughter of a Florentine Pogen. (search for yourself, if you don't know of it)

She was a debutante daisy
With a color-note organ
Deep in the street
She drove a '59 Morgan

Synopsis? BTC = Buy.

[realr0ach]

Synopsis? BTC = Buy.

Then what?  Pray someone else does too?  How is this different than a Ponzi scheme again?

[JayJuanGee]

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.

To some extent you seem to be misdescribing the dynamics of price and adoption, and the importance of the BTC investors from the earlier bubble.

Of course, there are going to be a lot of the late 2017 investors who want to cash out at various points when getting back into profits, but the momentum of the next wave is surely not driven by them because there will be more peeps and money coming in based on the whole dynamics of how the price goes up in exponential waves.

You can see similar dynamics from the 2014-2016 period.  There were a whole hell-of-a-lot of folks saying that they would be cashing out at $1k or even just before $1k or even just after $1k because their understanding of the upwards price pressure was either based on traditional markets or just way too conservative about the upwards price movements of BTC.   Also, the price did not just go shooting past $1k because it took  a few runs at it, but in the end, the price did go shooting quite past $1k, just like previous exponential price periods.

 Yeah, sure, even the bullest of us did not expected the price to go shooting up to $19k so we may have cashed out too much way too early, but after dickering around for most of the early part of 2017.. with the bullshit reservations of the hardforks etc, etc, the end of the year resolved the upwards.. which even if we do not know what facts are going to be presented this time around, we are likely going to shoot quite a distance past $19k - even if there are also likely to be a few false starts too.. and FUD spreading about the doom and gloom of bitcoin.

 Actually, if you recall 2017, BTC's market cap "dominance" went down so much that there were a whole hell-of-a lot of alt coin pumpers that were proclaiming the death of bitcoin and even flippenings and other bullshit that could also distract BTC investors out of their coins, distract them from buying coins and cause them to be way too conservative in their BTC accumulation and HODL strategies.

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.

Well, ultimately it is quite likely that there are going to be a lot of ups and downs, and we don't know if the retraces are going to be 20%, 30% 50% or some larger amount and longer period, but BTC investors can still take strategies that largely attempt to accumulate and don't get too greedy with both over investing or trying to get greedy on catching bottoms, when they might not happen.   

And, furthermore, as I have already commented previously, it is likely better to take a 5 year plus approach to investing in bitcoin rather than getting set upon whether new ATHs will be reached this year or even in the next couple of years - even though we could get pleasantly surprised with ATHs in much less than 5 years.

[nanobtc]

We don't need no steenkin' Lambos.

1959 Morgan.

I would spend one BTC for that, if I could get more BTC. Unfortunately, I can not.

[becoin]

Synopsis? BTC = Buy.

Then what?  Pray someone else does too?  How is this different than a Ponzi scheme again?

I pray someone else sells instead so that I can buy cheap bitcoins.

[JayJuanGee]

Just a heads-up, the civil rehabilitation claims process at MtGox is now open. Any OG's who had coins there and didn't claim under the old bankruptcy proceedings can file a new application. Expected return is around 17% of any BTC and 100%, plus 6% per annum delay damages, for fiat.

My claim got accepted but I intentionally left out without claiming a small wire transfer to Poland bank that didn't reach MtGox before it was shutdown (yeah, big lottery I tried to play there knowing the extreme risk).

I decided not claim it because at that time I thought I had higher chances of having my claim directly approved if I limited it to mtgox acknowledged balance.

Do you think I could/should add it now without affecting my previous (and more important) claim?

May as well amend your claim, especially since we can kind of see the direction that they are going with possible reimbursement, and especially if you have proof that you sent the fiat, and it did not go back to your account or any other account under your control.

[JayJuanGee]

The market's not reacting to anybloodything. Sideways 'price action' for a fortnight. Nobody wants to buy it. Nobody wants to sell it.
Much more money to be made trading legacy.

You are starting to sound like rosewater.

What is the point to whine about sideways action when we are in a consolidation period? and the market does what it does, right?

Sure such consolidation could end at any time, and we could resume upwards, but such consolidation could take a year or more to resolve, just like 2015.... or worse case scenario would be for the consolidation to resolve downwards, rather than upwards, which would even be a worse scenario for HODLers, no?

I guess my point is that there is no real way to rush it because you have players making their bets on both sides, and sooner or later we will get some movement, but we just cannot be sure how long it will take to resolve, nor which direction even though we might have suspicions of what we believe to be more likely.

[JayJuanGee]

Latest gut health probiotic super food

Baby-poo smoothies ... https://www.thetimes.co.uk/edition/news/the-latest-probiotic-drink-a-baby-poo-smoothie-p3clssltn

r u ready for the future?

Fecal transplants are the only thing standing between you and the giant squids of doom hurtling towards your dinner plate. Look to it.

It's an unconventional war.

I think that is octopus, and I ate something like that once, but it was served after being cut up, so the tentacles were moving, and the head was not there.  That is scary to be that "in-touch" with eating live food.

[reactorjuno]

Well we had an "okayish" day yesterday, which means that we are basically doing red green green red green and all at the same range 6200 - 6500 so now please let's break the 7k price... because I am getting a little tired of these candles, I hope we will overtake 6800 by tonight, or at least settle above 6600.

[micgoossens]

Synopsis? BTC = Buy.

Then what?  Pray someone else does too?  How is this different than a Ponzi scheme again?

I pray someone else sells instead so that I can buy cheap bitcoins.

they are still cheap right now... so start you're buying and do not wait for more expensive coins and don't be greedy for even cheaper ...... price is good right now

[micgoossens]

hodl   

[Rosewater Foundation]

The market's not reacting to anybloodything. Sideways 'price action' for a fortnight. Nobody wants to buy it. Nobody wants to sell it.
Much more money to be made trading legacy.

You are starting to sound like rosewater.

The implication being that, because rosewater is so smart, you are starting to sound so smart, too.

Thanks for noticing Jay.

[Last of the V8s]

I am deeply honoured, yet he thinks I sound like that other guy, so it all gets very confusing.

[Totscha]

So we've had a quadruple bottom in the 6000-5700 range since the ATH.

Who else (beside me) is still unconvinced this is a solid support?

[Phil_S]

Indeed today feels a little bit like June 7...