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

[somac.]

$3638 on Bitstamp is the bottom of my little triangle.  If we break that on Bitstamp, good chance all hell will break loose again. 

doesn't look good

[Biodom]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January.  

We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.

Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.

[Searing]

I've been seeing quite a few people calling for triple digits. Just like the last bear market, when half of people were calling for double digits.
Meet the new bears. Same as the old bears.

I have been waiting for two years to retest $1166.  Even I don't think we will get there. 

well my view is asic mining if only the altcoins is dead...if 2 groups can simply toss $$$ around at a loss for power games with bch and btc and tank all the altcoins

hard do see how mining is gonna work out with all those coin and not a lot of adoption or volume...the point eventually could be made for btc mining as well..but not yet

what a sh*tstorm

brad

the current conundrum does bring problems in POW coins (short term), but POS or premine stuff tanks just as well or more.

true...but the hardware games can be taken out of the politics with masternodes..gamed still but no longer as concentrated with say Bitmain in control of many algo's etc

but then again folk used to tell me to get into silver and gold ..never did..just trading and hodl'ing was not my thing then...so without adoption and mining and just store of value

we could be in a fix where BTC has enough use to be 3k to gold's 1.5k and just go sideways in price for years as well in that form...boring

again I did not sell any at the high so obviously, I have no idea wtf I'm talking about ...just to be clear to any impressionable minds who did not drink as much kool-aid as myself back in 2013

brad

[HairyMaclairy]

[somac.]

What bothers me is we are getting well ahead of schedule.   We shouldn't be into $3k before January.  

We are doing it ahead of schedule because it had to be done before Bakkt and ETF are operational. Nobody on WS opens up a brand new venue during the shitstorm.

Notice how neatly GBTC started trading just as the bear was on the last legs in 2015 and just as it started, there was the last good pulldown before the train left the station for a 2015-2017 run up.

I hope you are correct

[gembitz]

According to this, one can go long at between now and whatever low next 24-48 hr would bring and expect a short term bounce to 6500-7000.

It is very hard to quickly turn around an aircraft carrier sailing at 30 knots.  Not impossible but very hard.  

Yeah, I'm not really seeing any bounce happening for a while, the order book on the sell side was very thin a couple hours ago and nothing no bounce. Seems no one has any money or incentive to buy at this price.

people are selling to set aside for the tax man, and for xmas, and they DON'T like me want to work for anyone anymore after having a good run as a crypto business data hall or mining or whatever...thus

will have to burn coin as a hedge or work for someone else again....some of what is going on is that...paying off that data hall building as a hedge...setting a plan for $$$ for staying retired 3 years early

stuff like that is really also mucking this up..also FUD , the BCH wars where you toss $$$ around at a loss on BTC for ego, and of course the usual FUD that will be epic...

don't the forget the SEC is likely to tell all of us crypto types to go fish on an ETF from this mess...and mt gox  is still going to dump all that BTC in Feb/March of 2019


yeah...interesting times indeed

brad

mt gox coin burn / tax fire sale when? :-D weee

[HairyMaclairy]

Bounced off the bottom

[somac.]

below 3638

a lot of coins being bought here though

[bitserve]

In perspective TERA was a genius. Hope she/he is doing well and has good health to enjoy life. Maybe he/she will come back soon and open a new long position as said.

[somac.]

any guesses for when this thing hits 2000s?


Edit: bounce bitch, bounce!

[gembitz]

below 3638

a lot of coins being bought here though

$2500 test soon...! weee

[Hueristic]

I really never thought I'd see this spot again.

Fugly is an understatement.

[PoolMinor]

below 3638

a lot of coins being bought here though

possibly the same amount that are being sold?

[Searing]

below 3638

a lot of coins being bought here though

$2500 test soon...! weee

i swear i should just get inet ..sell all my crap ..get a tiny house and become a minmialist...with all the BCH games and low volume on BTC etc

I swear the bankers are gonna say 'you need adults running this...use ripple' and we will be cut off a the knees...

FML

brad

[Biodom]

Check this out:

https://steemit.com/mrrobot/@titusfrost/mr-robot-s-ecoin-v-s-bitcoin

Does life imitate fiction or life (after being informed by fiction) adapts in strange ways?

[Searing]

tick tock tick tock tick tock
Better sell before your left holding worthless bags of imaginary money

what fun is that?

no matter how bad...... still can swing it for the next 30 months...if it goes tulips I have a side 401k I can pull on

of course, the walk of shame of believing in tulips at that point in time will be hard...people pointing and mocking me on the street

I imagine the 'hat' we all be wearing will be a big F for failure in our avatar spot

again...if BTC fails the bankers will win and have centralized controllable blockchain with the same bank fees but in their control at little or no cost

can you say 'trillionaires' in the next 10 years if that happens


(currently looking at minimalist lifestyle and tiny houses...being a hermit is looking good..silly bunch of naked primate/monkeys don't know crap...)

[goldkingcoiner]

How is Bitcoin going to climb back up to its glory days? Unless we have some sort of MAJOR news about Bitcoin, I kind of don't see a second hype. Getting back to the top might take years without any hype.... I mean basically when it becomes almost unmineable, or we reach the cap then we will start to see a somewhat linear steady rise. We are losing the hype, people.... What do

[somac.]

below 3638

a lot of coins being bought here though

possibly the same amount that are being sold?

exactly, but, price not moving so lots being bought at this level.

[somac.]

How is Bitcoin going to climb back up to its glory days? Unless we have some sort of MAJOR news about Bitcoin, I kind of don't see a second hype. Getting back to the top might take years without any hype.... I mean basically when it becomes almost unmineable, or we reach the cap then we will start to see a somewhat linear steady rise. We are losing the hype, people.... What do

to be fair, nothing made the price go up in 2015/16. It just kind of started happening, I remember not believing in it at the time, kept on thinking it would go back down.

[HairyMaclairy]

That was a pathetic effort by the bears.  

I think this is the bottom (for now) @ $3600

Closing all positions and exiting the market.  

Bear party over for me.  

Have fun.