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

[d_eddie]

Going back to $6500 ?

It will be nice, I'm in long now.

I also closed my short again, with a moderate profit. I only closed about half of it near the bottom. The other half was closed by a stop loss, still in the green but barely. Now my historic long is all that's left. Not sure I'm going to play another leg down when/if the corn gets above my previous short entry point: the wind might be changing sooner than I expected.

[1594398464]

1594398464

[Raja_MBZ]

https://twitter.com/NewYorkStateAG/status/1042098555849265152

https://virtualmarkets.ag.ny.gov/

[Phil_S]

12288 getting shorter and shorter

this list getting REKT as well pffff time to get some action 

and another one bites the dust who's the favorite on this one ??        really don't know where i would think the winner stands in here maybe bitserve, globbo, V8 range.... don't let it be yefi or samson or fortune143 for the SMALL 12k price to hit  what a boring time would that be

Alexander_Z or CoinCube

Yeah. I wonder if 2018/12/31 will be higher than 2018/1/1 or not...

[BobLawblaw]

https://www.bloomberg.com/view/articles/2018-09-17/bitcoin-s-biggest-name-forgot-a-rule-for-selling-shovels

We all know the sage advice that in a gold rush the best thing to do is sell shovels.

My caveat would be to ensure you’re paid in cash. And just to be clear for the modern world, this does not mean getting paid in Bitcoin Cash.

Yes, I am looking at you, Bitmain Technologies Ltd.

The Chinese company is reported to be the world’s largest maker of cryptocurrency mining rigs. It also makes specialized crypto-mining chips, and controls close to half of the world’s Bitcoin mining power. In gold rush terms, it designs and makes the shovels, sells those shovels, and runs half the mines that use the shovels.

Bitmain is steaming toward an IPO amid a plunge in the price of cryptocurrencies. Various leaks of its financials have made it into the wild, shining a spotlight on its business model.

[StartupAnalyst]

Unpleasant reality...

[El duderino_]

watch out where you start with and buy some BTC with what you can afford to lose it might be the thing to save you

[El duderino_]

You’re damn right what I’ll be doing tonight. Haven’t got tickets tonight though, will be watching on TV, maybe with a couple of beers & a smoke.

I’ve been drinking San Miguel lately.

LFC doing the job now bruges has to follow just to keep a belgium team in it

[Torque]

Looks like them folks that this thread loves to hate are having a pissing contest

https://bcfocus.com/news/bitmain-ceo-slams-craig-wright-over-proposed-bitcoin-cash-hard-fork-tells-him-to-f-off/23342/

At least Jihan Wu pretends to be on the right side of the argument.

What good is a BCash hard fork to increase block size when no one is even buying and using that shit? No merchants, no investors, nothing.

Sure it'll allow CSW et. al. to centralize and control a BCash clone, but he'll end up the King of a complete wasteland kingdom. Another dead zombie coin with no future. So what's the fkn point?

[goldkingcoiner]

watch out where you start with and buy some BTC with what you can afford to lose it might be the thing to save you

How is it a business failure when you're the one wageslaving? If anything the business is doing great after chewing you and spitting you out. "Thanks for the hard work, go away." I never understand these kinds of people...Is it the stuck mentality of the 1950s? Back when jobs actually paid money that was worth something?

[windjc]

Looks like them folks that this thread loves to hate are having a pissing contest

https://bcfocus.com/news/bitmain-ceo-slams-craig-wright-over-proposed-bitcoin-cash-hard-fork-tells-him-to-f-off/23342/

At least Jihan Wu pretends to be on the right side of the argument.

What good is a BCash hard fork to increase block size when no one is even buying and using that shit? No merchants, no investors, nothing.

Sure it'll allow CSW et. al. to centralize and control a BCash clone, but he'll end up the King of a complete wasteland kingdom. Another dead zombie coin with no future. So what's the fkn point?

So MANY AMATUERS in crypto. Jihan despite building a billion dollar company is an amateur. You do not get political when you sell shovels. You just shut up and sell shovels. Idiot.

[Torque]

watch out where you start with and buy some BTC with what you can afford to lose it might be the thing to save you

How is it a business failure when you're the one wageslaving? If anything the business is doing great after chewing you and spitting you out. "Thanks for the hard work, go away." I never understand these kinds of people...Is it the stuck mentality of the 1950s? Back when jobs actually paid money that was worth something?

Yep, they chew you up and spit you out. Only to replace you with someone younger (*cough* cheaper *cough*) to do the same job. It's because companies don't want to pay the middle layers anymore. In fact, if they could automate and eliminate all the expensive middle and upper middle management, they would do so in a heart beat.

If anyone wants to know if they have a long future with the company they work with, all they have to do is to look around. See many colleagues still there in their 50s and 60s? Or even 40s? No? Then you won't last there long either. This is the case with many companies now, especially tech companies.

[El duderino_]

^
indeed

[Torque]

So MANY AMATUERS in crypto. Jihan despite building a billion dollar company is an amateur. You do not get political when you sell shovels. You just shut up and sell shovels. Idiot.

Or another analogy, when you are successfully mining Gold (something that people are actually buying and holding because they value it) you don't go on a political campaign to switch gears and mine something else that no one is asking for. Makes no fkn sense.

[Icygreen]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

[El duderino_]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

exactly 

[goldkingcoiner]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

exactly  

haha nice gif you got there.. Would be a shame if someone....Took it.

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

[eddie13]

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

How the psychology of fear keeps people from buying the bottom..

I think this is a very certain time in the market. I think the price was more likely to go down at any time during the pump than now, after it is already down..
New ATHs are what scare me.. all time highs

But when people see ATHs they feel brave and greed?

Is this why the whales get so rich off of dumb money?

[El duderino_]

It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!

exactly  

haha nice gif you got there.. Would be a shame if someone....Took it.

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

why waiting, price is good to buy and if oppertunity of lower prices is there buy again ..... always buy with worthless fiat, thats the best use case for fiat these days  

[El duderino_]

As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.

How the psychology of fear keeps people from buying the bottom..

I think this is a very certain time in the market. I think the price was more likely to go down at any time during the pump than now, after it is already down..
New ATHs are what scare me.. all time highs

But when people see ATHs they feel brave and greed?

Is this why the whales get so rich off of dumb money?

smart money must go into BTC to call it later dumb money to make the whales richer with  haha 

[Wekkel]

If smart money is smart, they may be looking ferociously to the record pile up of BTC shorts, just waiting to be short covered by whales teasing the price upwards and upwards. If that cow can still be milked, why wouldn't they?