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

[El duderino_]

https://bitcointalk.org/index.php?topic=4530624.msg48347529#msg48347529

sounds right ?

[Majormax]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

Very good thinking. Most ppl concentrate on price, and it is important to get away from the herd ideas.

If bottom is in early/mid 2019, that would put the next high around 2021-2.  Hunker down is in order. Better to find something else to think about for a couple years !

[JayJuanGee]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

Very good thinking. Most ppl concentrate on price, and it is important to get away from the herd ideas.

If bottom is in early/mid 2019, that would put the next high around 2021-2.  Hunker down is in order. Better to find something else to think about for a couple years !

Even if this possible scenario were to come true, wouldn't there be a way to profit from such scenario, rather than going away for "a couple of years"?

Wouldn't we want to attempt to buy more on the way down to the bottom in early to mid 2019?  And of course, there might be other actions that can be taken, too.

Certainly, I am not against any kind of attempt to plan a more passive approach to BTC investing, yet it seems that there is only a certain amount of confidence that can be put into any scenario, even the most likely of scenarios, and further it seems that even the most likely of scenarios never really end up playing out - unless the specifics are really broad and just an outline of real long term likelihoods.

[bitserve]

Have anyone here ever received something like this?

[Majormax]

Even if this possible scenario were to come true, wouldn't there be a way to profit from such scenario, rather than going away for "a couple of years"?

Wouldn't we want to attempt to buy more on the way down to the bottom in early to mid 2019?  And of course, there might be other actions that can be taken, too.

Yes, thats the theory. Very few ppl would be able to successfully call the right timings and price. ..but good luck to anyone that goes for it.

Not tying to put ppl off, just pointing out that passive hodling is the safe strategy: you only have to make one correct call  , and that is  'The price of BTC is still in a long term uptrend'  (could just possibly be wrong, but the odds are at least in your favour).

The reality is that only a minority actually make much profit from trading, most is made from hodling.

[Elwar]

[JayJuanGee]

Even if this possible scenario were to come true, wouldn't there be a way to profit from such scenario, rather than going away for "a couple of years"?

Wouldn't we want to attempt to buy more on the way down to the bottom in early to mid 2019?  And of course, there might be other actions that can be taken, too.

Yes, thats the theory. Very few ppl would be able to successfully call the right timings and price. ..but good luck to anyone that goes for it.

Not tying to put ppl off, just pointing out that passive hodling is the safe strategy: you only have to make one correct call  , and that is  'The price of BTC is still in a long term uptrend'  (could just possibly be wrong, but the odds are at least in your favour).

The reality is that only a minority actually make much profit from trading, most is made from hodling.

Largely, I agree with you, and what you are saying also seems to justify a continued dollar cost averaging (DCA) investment plan, because such DCA plan presumes long term up, and does not attempt to put too much weight into short term ups and downs that are difficult to figure out or get even close to correct.

Yet I am not sure whether listening to a prediction like yours some folks would attempt to tweak their dollar cost averaging strategy because they are kind of waiting for lower BTC prices or something like that or maybe not buy as many BTC when the BTC price goes up in order to buy more when the price goes down as they are projecting to happen.

In the end, perhaps some little tweaks to DCA are not going to hurt too much as long as the tweaks don't become large attempts to time the market.. that then rise to more of a gambling technique instead of DCA.

[Last of the V8s]

Have anyone here ever received something like this?
https://pbs.twimg.com/media/DsykvhgV4AAi7of.jpg[/img]

Man that looks a pain. Looks mostly like what some of them ask for on signup.
Except for the triggering part.
The guy I would ask about this (has a lot to do with finex) is asleep, but will ask him in the morning if you're still stuck.

[Icygreen]

Is the man tightening on-ramp grips again?   Noticed that some exchanges are more difficult to fund recently.  Stamp is no longer accepting CAD or GBP transfers as I've just found out via support message. Canadian credit cards have been blocked for bitcoin purchases since the beginning of the year.  Quadriga exchange has suddenly moved into exchange only model.
It's getting difficult for me to BTFD.   Where's a Canadian allowed to go shopping?  Being out of the country hasn't helped much either.

[bitserve]

Have anyone here ever received something like this?
https://pbs.twimg.com/media/DsykvhgV4AAi7of.jpg[/img]

Man that looks a pain. Looks mostly like what some of them ask for on signup.
Except for the triggering part.
The guy I would ask about this (has a lot to do with finex) is asleep, but will ask him in the morning if you're still stuck.

NO, no, fortunately it is NOT me who have received that. But I saw it on twitter and am checking if anyone else received it.

Thx for the help offer though!

[bitserve]

Is the man tightening on-ramp grips again?   Noticed that some exchanges are more difficult to fund recently.  Stamp is no longer accepting CAD or GBP transfers as I've just found out via support message. Canadian credit cards have been blocked for bitcoin purchases since the beginning of the year.  Quadriga exchange has suddenly moved into exchange only model.
It's getting difficult for me to BTFD.   Where's a Canadian allowed to go shopping?  Being out of the country hasn't helped much either.

I would assume ALL "legitimate" exchanges will end fully KYC/AML compliant. And probably be even more a PITA than traditional banks already are. That's the price of regulation... and regulation is coming and tightening, that's for sure.

DEX are another matter... we will have to see how that develops... I have the suspicion that they are DOA.

[Elwar]

May 2019 will be the 12 month countdown to the halving. Still a long way away and we could see other lows before then.

[bitserve]

Time pass pretty fast. It seems like it was yesterday when we were at ATH and almost one year has passed. May is right around the corner and even the halving is not really far.

Waiting is not a problem as long as everything unfolds as expected by most of us. Will try to accumulate a bit more in the meantime.

[HairyMaclairy]

What sort of savage would use CAD?

[realr0ach]

Have anyone here ever received something like this?

It's called...THE EXACT SAME THING MtGox did right before they went belly up.  They pile on a bunch of verification bs to try and prevent a 'run on the bank' so to speak, so every deposit is bogged down in endless red tape unable to do anything.

[goldkingcoiner]

more people has to stay with positive thinking..... and more will always be positive thinking
after every DIP new survivors will be born

https://youtu.be/7eR0DyDg7wQ?t=24

Have anyone here ever received something like this?

I would not stay on that exchange.

[yefi]

What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales
9. Hats

And which are the most predictable events or follow a pattern?

Well, if you don't have 3, then you can have as much as you want of the other eight and not enjoy a penny's increase.
Next you need 1, for without it the other seven are toothless.

 

Have anyone here ever received something like this?

Anal cavity search super fun jelly bean time!

[Tyr808]

Have anyone here ever received something like this?

It's called...THE EXACT SAME THING MtGox did right before they went belly up.  They pile on a bunch of verification bs to try and prevent a 'run on the bank' so to speak, so every deposit is bogged down in endless red tape unable to do anything.

Indeed. Personally, wouldn't touch bitfinex (and bitmex) with a stick.

[realr0ach]

Zerohedge comment section (or govt agent provocateur) looking profound today on the topic of Chinese trade imbalance:

[yefi]

https://bitcoinwisdom.io/markets/bitfinex/btcusd

Very nice. Been reluctant to leave .com even though half its charts are obsolete.

Warren Buffet once said BTC equals "rat poison squared," because if you multiply rat poison times rat poison, you know, you get BTC... .. 

He was right, it is rat poison - and the bankers are the rats.