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

[Indymoney]

When the price was $200-$400 people predicting double digits.

Double digits never came.

Same goes for the $1500 prophecy.

People predicting those kind of prices usually have an agenda (they most likely don’t believe it themselves but they definitely want others to believe it will happen).

Absolutely right your these comments really need some merit from me but sadly right now I cannot do this you are on spot.

[starmman]

Nice to see a few green candlesticks for a change - thought the red had broken on my monitor due to overuse for a while =)

[empowering]

When the price was $200-$400 people predicting double digits.

Double digits never came.

Same goes for the $1500 prophecy.

This could very well be the case... I try and stay away from absolute thinking though and deal more in probability and be prepared for various scenarios.

I see $1150-$1500 as an extreme outlier probability wise, but I see $3150 - $3500 as quite likely , so for now at least I have buy orders stacked at various increasing levels from $3500 through to $750 , if they don't get triggered so be it I don't care.

I was not happy to buy over $3500 all year and I am still not, nothing that has happened recently has changed that view, if anything its reinforced it.


Though I am really keen to see how this price action develops, and how the many developments expected between now and March play out... a lot could change.

(ps If we break $5800 with vol then I might consider the trend may be starting to reverse and feel more bullish, but still I ain't buying over $3500, even that's a bit much for my situation, and again, my biggest fear is actually range bound stagnation for 3-6 months, I find that torturous)

[Last of the V8s]

https://home.treasury.gov/news/press-releases/sm556
Treasury Designates Iran-Based Financial Facilitators of Malicious Cyber Activity and for the First Time Identifies Associated Digital Currency Addresses
Yanks pick on Persians again.

Fuck those Ransom ware fuck faces I'm happy they were caught.

It's a government attack on bitcoin fungibility. The implications are yuge.

Did we think that the US would allow anyone to engage with known criminal addresses? I mean come on now, if that wasn't expected I don't know what is. They're pinning these addresses to users and saying don't interact with them, I expect large exchanges get list prior to this and pass information onto the government.

Not going to have a public ledger and not expect the government to take advantage of it.

I shoulda said the 'first overt' USG attack on fungibility, and linked where I reported the rule change to this thread some months back.
Of course we expected it.
Anyway, there is no title in bitcoin, so the conceit 'known criminal address' is just that. Word salad from the criminal regime currently running that part of N America.
There are no coins, no addresses, no owners. In these cases or any others.

[bitChipper]

wtf is with all you guys putting your avatars on hats? can i buy these hats anywhere?

[Last of the V8s]

Always a brides maid never a bride..    *sniffle*...

You do deserve more praise for your charms.

wtf is with all you guys putting your avatars on hats? can i buy these hats anywhere?

Yes. I charge 2.1 bitcoin per.
But for you a special price, 2.2
deal?

[rafanadal]

We’re going back to $500 - $600?

Want to place a bet on that?

That's not a contradiction, that's a statement. I believe there is a good chance we'll see those prices again, i hope i am wrong.

No, i will not place a bet on it, if i was 100% sure, i would be selling everything, not placing bets.

[bitChipper]

wtf is with all you guys putting your avatars on hats? can i buy these hats anywhere?

Yes. I charge 2.1 bitcoin per.
But for you a special price, 2.2
deal?

Only if

1. it is a trucker mesh snapback
2. it is already broken in with the white sweat rim around top

[Last of the V8s]

wtf is with all you guys putting your avatars on hats? can i buy these hats anywhere?

Yes. I charge 2.1 bitcoin per.
But for you a special price, 2.2
deal?

Only if

1. it is a trucker mesh snapback
2. it is already broken in with the white sweat rim around top

wait what? you're paying me 2.2.btc for a used hat?

edited:
@xhomerx10, shall we go halves? think we snared a sucker esteemed customer here

no anyway look, choose an avatar you want as the badge, provide a good qual pic, specify colours etc, he might do it for freeee

[bitChipper]

wtf is with all you guys putting your avatars on hats? can i buy these hats anywhere?

Yes. I charge 2.1 bitcoin per.
But for you a special price, 2.2
deal?

Only if

1. it is a trucker mesh snapback
2. it is already broken in with the white sweat rim around top

wait what? you're paying me 2.2.btc for a used hat?

joking, but still curious why everyone putting their avatars on hats

[TheCactus]

^it's a sign you lived through the great capitulation without having a dumpy breakdown

[Last of the V8s]

no anyway look, choose an avatar you want as the badge, provide a good qual. pic., specify colours etc, he (xhomerx10)  might do it for freeee

[Last of the V8s]

So, TheGeneralissimo, you think we capitulated already?
most interesting

[TheCactus]

 

[Hexah]

https://www.reddit.com/r/CryptoCurrency/comments/a17uir/let_us_not_forget_the_guy_who_sparked_the_great/

Let us not forget the guy who sparked the great bullrun of 2017!

[empowering]

Keep a few sets of clean pants is my suggestion.

[vapourminer]

Keep a few sets of clean pants is my suggestion.

you mean you can still afford laundry soap at these btc prices?

damn

[yefi]

Not doubting the bounce...a relief rally, short squeeze, a bull trap, I expect all of those... just cannot help but think we will still come down to retest this recent bottom... maybe in a few days, a week or a few weeks,  or even a few months, and don't get me wrong I bought a few at $3500 for the first time in over a year, but I still think we are coming down to retest the $3500 region.. if it is defended a 2nd time, and the volumes are nice I think we have a chance at a bounce, but I also kind of think we could break it and head to £3150 ish  and test that region... ultimately I want to see a snappy bottom, that triggers my buy orders, and a healthy bounce with volume... this bottom feels soggy to me.

It could be we just end up with a soggy bottom and sideways in a range for a while...  or it could be in hindsight a few months down the line I look back at the chart and say, wow that actually was a nice v shaped recovery with volume when viewed zoomed out and what an idiot... but after the recent price action and trend, and the ferocity of the recent dumps, I would much rather have added at $3500 and be on the outside looking in, than fomoing and then watching it fall past $3000, live to fight another day as they say.

This is BTC so I could be and wouldn't mind being wrong, and things could change, but put it this way I am very happy to have saved plenty of dry ammo... I am happy with the state of play and am unsure the gruelling down trend is quite over with yet.  

Depressive I know...

Midterm and long term I'm bullish AF thou

Completely respect that. We are quite alike in our thinking actually, except I expect a longer bounce before any retest. I'm tentatively setting 2019 for the final bottom and have ammo to last me through to 2020. Hopefully we'll ace this cycle

[Toxic2040]

no anyway look, choose an avatar you want as the badge, provide a good qual. pic., specify colours etc, he (xhomerx10)  might do it for freeee

[bitserve]

When the price was $200-$400 people predicting double digits.

Double digits never came.

Same goes for the $1500 prophecy.

People predicting those kind of prices usually have an agenda (they most likely don’t believe it themselves but they definitely want others to believe it will happen).

The same happens with all those guys predicting $250000..... everybody knows they will sell at $244979