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Poll
Question: What comes first?
$8,000 - 43 (41%)
$10,000 - 62 (59%)
Total Voters: 105

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21663490 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (146 posts by 35 users deleted.)
Anon136
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September 23, 2018, 01:24:34 PM

I guess I finally capitulated. I selected 6500-7000 in the poll. I've always chosen bullish before this and been wrong so so so many times. Does that mean the price is finally going to rise?
If it makes you feel any better, I selected "$7,000-$7,500".

This has been an awful Bitcorn season.

Not sure what the harvest is gonna be like in December.

>$8,500

Guess I'm hopeless. Smiley

I guess we are still waiting on you to capitulate then, it will rise only after the very last hold out falls.

Hodlers don't capitulate. I think it's possible that if there are enough hodlers, we may not see a textbook capitulation event. Or we've already witnessed it.

I just meant capitulate on the poll. Or are you saying that hodlers don't even do that? If so than I guess I'm not part of the hodlgang any more Cry
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AR_fan
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September 23, 2018, 01:30:15 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019
serveria.com
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September 23, 2018, 01:39:14 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019

LMAO thanks you made my day  Grin 3K coins muahahahaha
El duderino_
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September 23, 2018, 01:49:06 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019

whatever man.......
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September 23, 2018, 02:04:25 PM

^^^
The bear trolls are getting nervous. Their dream of getting cheaper coins is fading away like a morning mist. Soon the good news for BTC will shine like the sun in a warm summer day.  Wink
First, the news of CFTC approval of bakkt (backed up by ICE, Microsoft and Starbucks) will send the prices above 10K. With such big exchange like ICE actually buying and keeping BTC's in custody, the future of BTC will be bright for many many years to come. Unlike shitcoins that appear and dissapear randomly, BTC will be an eshablished product on the world exchanges like ICE and NYSE. For many investors this means they can save their BTC's or ETF's longterm for their retirement plans. I will definitely keep at least 1/3 of my current BTC's for 20 years until I retire. By then the price will be astronimical. I intend to buy a nice vila at the beach, but instead of selling my BTC's, I prefer to buy partly with a loan, so I keep more (like 2/3 of my BTC stash). Of course, if we are lucky, BTC may reach new ATH's this year, especially if CBOE ETF is approved. The chances are not 0% as some people think. The fact that SEC changes the tone from the FUD that the market is manipulated to statements like: "let the comments say if this is so, we can't decide", means that we are close to such approval. We'll see about that later this year, of course.
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September 23, 2018, 02:14:30 PM
Merited by vapourminer (1)

itod
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September 23, 2018, 02:29:41 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019

With this difficulty there's close to 0% chance for ever getting back to $3000. Yes, electricity prices * difficulty are not directly correlated to BTC price, obviously, but no miner can afford to subsidize electricity costs to BTC network. You can not operate with a long terms loss, they will simply:
a) turn off the machines, or
b) stop dumping immediately what has being mined, making permanent bottom on break-even price level.

Guess which one is more likely to happen.
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September 23, 2018, 02:43:20 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019

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September 23, 2018, 02:48:12 PM

Well, manipulators on Bitfinex really know how to clear out longs for sure.  Look at that drop and pop back up. LOL  I"m thinking they want to move price on up so needed to clear out some longs.

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September 23, 2018, 02:49:38 PM
Merited by mindrust (2), Wekkel (1), criptix (1), BobLawblaw (1), Dunkelheit667 (1)

Your daily reminder that the bear market is DEAD, and the next few weeks will be the best $BTC buying opportunity you'll see for years.





https://twitter.com/BeastlyBTC/status/1043609044512980992
bitcoinPsycho
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THE NEXT 24 YEARS ARE CRITICAL🍄💊


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September 23, 2018, 03:06:25 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019
-5 merit
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September 23, 2018, 03:07:08 PM

Extraordinary claims require extraordinary evidence 

Nothing extraordinary about this claim.

You're looking foolish, BTW.
El duderino_
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September 23, 2018, 03:12:57 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019




lol
eddie13
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September 23, 2018, 03:30:08 PM

^^
Even didn’t noticed a DUMP , Thats the fine thing of Going out with coiners ..... Just No BTC talks and No price watching  Grin  
Kinda strange .... haha

I don't have a single RL bitcoin friend. There are only coinless peasants around me and its hell trying to talk to them about crypto without them telling you why its not going to work or how its a ponzi scheme. So for me its either being friendless or homocide. But the second option is extremely tempting...

That's similar to how it was for me too, when BTC was like $300.. I always explained it to friends but never tried hard to get them to buy, told them that they could make money or lose it all, nobody bought any..

Now the price is $6.5k or whatever and they are all should'a could'a would'a "I wish I had bought when you told me about it" etc..
Especially when it was climbing from like $3k and up...

I have no IRL crypto friends either..  The third option is just wait and in the future when the price is 10X-20X or whatever from here, you shall be vindicated..



just wanted to show off one of my girls

Beautiful. Good job!



All this excitement about a couple hundred $ movement in BTC.. It still hasn't broken out of its gently tapering in channel yet.. It's staying tight right in there, but can't forever..
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September 23, 2018, 03:38:57 PM

A piece of a photo from this morning.  Can you identify the subject? More to come.
Derp... probably far too easy. But bitcoin isn't moving.

It's... beautiful.

Gods own weed cannot be federally legalized soon enough. The tax dollars alone will be a tremendous boon for supporting our national infrastructure and education.

It's just common sense and inevitability.
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September 23, 2018, 03:44:56 PM
Merited by JayJuanGee (1)

6920 then 5200 then 6500 then capitulation around 3K in january 2019

With this difficulty there's close to 0% chance for ever getting back to $3000. Yes, electricity prices * difficulty are not directly correlated to BTC price, obviously, but no miner can afford to subsidize electricity costs to BTC network. You can not operate with a long terms loss, they will simply:
a) turn off the machines, or
b) stop dumping immediately what has being mined, making permanent bottom on break-even price level.

Guess which one is more likely to happen.

Bitmain just announced that it has finally developed a better ASIC chip. It will be 42J/TH. Bitfury also announce that they have a new ASIC chip which gets 55mW/GH. https://www.coindesk.com/bitmain-ceo-announces-new-7nm-bitcoin-mining-chip. I put in some figures, and it appears at the current difficulty and 5 cents/kwH price in China, that brings the electricity cost down to less than $1,500 USD to produce 1 BTC. If the difficulty doubles, it will still be less then $3000 USD to produce a BTC. And I suspect some of the larger mining farms in China are getting a better deal than 5 cents/kwH. Therefore, the break-even floor is going to be lowered.
However, I really don't think BTC is going to go much below 5000 USD. After all, Bitcoin core just patched up a major bug that was present for almost 2 years, and the market responded like it was just noise.  Cheesy
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September 23, 2018, 03:49:42 PM

Your daily reminder that the bear market is DEAD, and the next few weeks will be the best $BTC buying opportunity you'll see for years.





https://twitter.com/BeastlyBTC/status/1043609044512980992

It's time to fasten your seatbelts  Grin
suzanne5223
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September 23, 2018, 03:50:18 PM

^
nicely said ........ next target full year in 5-digits ??

Yep. It will take time though... More than a year for sure Smiley
I agree with what you said because the market blood bath and correction occurred for a long period of time and it will take the market a long period of time to recover the 5 digit back. But if the 5digit was regain back in acouple of months then market manipulation is definitely involve.
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September 23, 2018, 03:51:49 PM

6920 then 5200 then 6500 then capitulation around 3K in january 2019

With this difficulty there's close to 0% chance for ever getting back to $3000. Yes, electricity prices * difficulty are not directly correlated to BTC price, obviously, but no miner can afford to subsidize electricity costs to BTC network. You can not operate with a long terms loss, they will simply:
a) turn off the machines, or
b) stop dumping immediately what has being mined, making permanent bottom on break-even price level.

Guess which one is more likely to happen.

Bitmain just announced that it has finally developed a better Asic chip. It will be 42J/TH. Bitfury also announce that they have a new Asic chip which gets 55mW/GH. https://www.coindesk.com/bitmain-ceo-announces-new-7nm-bitcoin-mining-chip/ I put in some figures, and it appears at the current difficulty and 5 cents/kwH price in China, that brings the electricity cost down to less than $1,500 USD to produce 1 BTC. If the difficulty doubles, it will still be less then $3000 USD to produce a BTC. And I suspect some of the larger mining farms in China are getting a better deal than 5 cents/kwH. Therefore, the break-even floor is going to be lowered.
However, I really don't think BTC is going to go much below 5000 USD. After all, Bitcoin core just patched up a major bug that was present for almost 2 years, and the market responded like it was just noise.  Cheesy

Are you taking into account the cost of the new devices and operational costs in your ROI calculation or only the electricity cost (which I also presume it may be way lower than 5 cents/khw for some)?
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September 23, 2018, 03:54:10 PM
Last edit: September 23, 2018, 05:11:45 PM by bitserve

^
nicely said ........ next target full year in 5-digits ??

Yep. It will take time though... More than a year for sure Smiley
I agree with what you said because the market blood bath and correction occurred for a long period of time and it will take the market a long period of time to recover the 5 digit back. But if the 5digit was regain back in acouple of months then market manipulation is definitely involve.

I never said anything about how long will it take to regain 5 digit. I only said we will surely need more than a year for bitcoin to complete a full year over $10K (in 5 digits). All the rest is just pure speculation. Wink

P.S.: @JJG too

P.S.2: I think there are more probabilities to regain $10K in less than a year than more or never. Probably even more than 50% for that to happen before year end.
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