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Question: 9/19 Closing Price:
0 - 1 (1.7%)
<$10,000 - 3 (5%)
$10,000-$10,500 - 1 (1.7%)
$10,501-$11,000 - 11 (18.3%)
$11,001-$11,500 - 19 (31.7%)
$11,501-$12,000 - 8 (13.3%)
$12,001-$12,500 - 7 (11.7%)
$12,501-$13,000 - 2 (3.3%)
>$13,000 - 3 (5%)
>$20,000 - 5 (8.3%)
Total Voters: 60

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22381438 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. (148 posts by 37 users deleted.)
Arriemoller
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December 01, 2018, 08:21:14 AM


Bitcoin was created as a reaction to the latest recession, but have always worked in a continuous uptrend.
A recession might make bitcoin a place to run to when stocks and shares go down, in that case price will go up. Or bitcoin might be what you sell to make ends meet when your stock and shares are down, in which case the price will go down.

we simply do not know how bitcoin works in a recession, it might not reach any new ATH until the recession is over.

I agree we don't know how it will work exactly, but my hunch is a recession will drag it down since it is seen as an "extremely high risk" investment. This is the category of investment most likely to tank first in a stock market crash. For the longest time there was no correlation between BTC and stock market movement but that began to change last year when Wall Street started moving in.

Bitcoin only has the potential to be a safe haven investment compared to the dollar if in response to a new crash the feds begin a new game of QE that makes the last one look like Little League. Otherwise the dollar is the go-to investment during a recession.

I like my new hat by the way, fits pretty comfortably.

I too think it will tank, but I also think it will recover faster than the stock market. What worries me is that we might get a very long crypto winter.
If we do get another spike before the coming recession I will sell most of my stash, and buy back in the recession low, which might come to be an epic low.
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December 01, 2018, 08:38:58 AM
Merited by cAPSLOCK (1), JayJuanGee (1), Last of the V8s (1), BinaryReign (1)

Did a poll just for us Grin



https://www.strawpoll.me/16950871

Poll: "Is the bottom in? YES / NO


I am in the 'don't care' anymore phase, acceptance of the new reality.
Which means I am buying again like in 2014/2015, can't help myself when they are this cheap (only a 10x!)

Is something wrong with Bitcoin the network? No, stronger than ever. All the stats are green except for the price in dollars.

We need to learn to look at the long term. Two more halvings (happening in just 5 years, year 2024) and there are only 3.125 Bitcoins per block. Today a whole block costs 12.5 x $4K = 50K, but I can buy a whole '2024 block' for just $12.5K. It is just common sense to add a few to the stack, even though it does not matter much percentage wise.

To the future: don't be jealous we were here in 2018 with $4K/bitcoin. Most still think it is just a stock that needs trading.
 
alevlaslo
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December 01, 2018, 08:41:42 AM

by summer we can grow up to 100 thousand





virtual2018
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December 01, 2018, 08:42:02 AM

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me  Wink
JayJuanGee
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How much alt coin diversification is needed? 0%?


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December 01, 2018, 08:42:49 AM


Bitcoin was created as a reaction to the latest recession, but have always worked in a continuous uptrend.
A recession might make bitcoin a place to run to when stocks and shares go down, in that case price will go up. Or bitcoin might be what you sell to make ends meet when your stock and shares are down, in which case the price will go down.

we simply do not know how bitcoin works in a recession, it might not reach any new ATH until the recession is over.

I agree we don't know how it will work exactly, but my hunch is a recession will drag it down since it is seen as an "extremely high risk" investment. This is the category of investment most likely to tank first in a stock market crash. For the longest time there was no correlation between BTC and stock market movement but that began to change last year when Wall Street started moving in.

Bitcoin only has the potential to be a safe haven investment compared to the dollar if in response to a new crash the feds begin a new game of QE that makes the last one look like Little League. Otherwise the dollar is the go-to investment during a recession.

I like my new hat by the way, fits pretty comfortably.

I too think it will tank, but I also think it will recover faster than the stock market. What worries me is that we might get a very long crypto winter.
If we do get another spike before the coming recession I will sell most of my stash, and buy back in the recession low, which might come to be an epic low.

How are you going to know that the next BTC spike is temporary?  How you going to know if BTC prices are going to correlate with the stock market?  How you going to know when to buy back your BTC, if you do sell "most of your stash?"  

By the way, if your stash is less than 1 BTC, then maybe it does not matter too much, even though you should still take incremental measures rather than betting on what seems to be a pretty weak theory, at least from what I have read from you so far.

Part of the seeming craziness of your plan is that you are planning to bet BIG on further BTC down, even though BTC is currently in about a 80% correction area, but you seem to be expecting a decent amount of more down... yet the better gamble would seem to cautious about how much moar down is likely to happen when there has already been about 80% down.
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December 01, 2018, 08:48:53 AM
Merited by JayJuanGee (1)

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me  Wink

in the spring of 2013 all bottom waited, but got an increase from 50 to 1000 Smiley

according to Elliott's law, history always develops in a spiral, not in a circle, but in a spiral, the cycles increase
JimboToronto
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December 01, 2018, 08:52:44 AM

The real question is, "What kind of savage would use exchanges?"

Not only do you have to give up possession of your coins to exchanges to use them, now apparently you also have to surrender your anonymity.

Totally unacceptable.

If you stay out of Fiat, numerous exchanges will work for anon crypto trading. But yeah, you wanna deal in Fiat, you gotta abide by the rules of the Fiat issuers.

The only "crypto" I'm interested in is Bitcoin, which I buy with and occasionally sell for CAD.

This is why I avoid exchanges and use anonymous ATMs or deal in cash OTC.

No one gets control of my bitcoins and I remain anonymous.
Kylapoiss
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December 01, 2018, 09:05:28 AM

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me  Wink

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.
virtual2018
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December 01, 2018, 09:10:37 AM

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me  Wink

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.
Thanks bro!
I think that after a strong rally this month, the market will need a period of consolidation that will last for months and is accompanied by the steady growth of the major technical currencies.
Arriemoller
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December 01, 2018, 09:19:15 AM


Bitcoin was created as a reaction to the latest recession, but have always worked in a continuous uptrend.
A recession might make bitcoin a place to run to when stocks and shares go down, in that case price will go up. Or bitcoin might be what you sell to make ends meet when your stock and shares are down, in which case the price will go down.

we simply do not know how bitcoin works in a recession, it might not reach any new ATH until the recession is over.

I agree we don't know how it will work exactly, but my hunch is a recession will drag it down since it is seen as an "extremely high risk" investment. This is the category of investment most likely to tank first in a stock market crash. For the longest time there was no correlation between BTC and stock market movement but that began to change last year when Wall Street started moving in.

Bitcoin only has the potential to be a safe haven investment compared to the dollar if in response to a new crash the feds begin a new game of QE that makes the last one look like Little League. Otherwise the dollar is the go-to investment during a recession.

I like my new hat by the way, fits pretty comfortably.

I too think it will tank, but I also think it will recover faster than the stock market. What worries me is that we might get a very long crypto winter.
If we do get another spike before the coming recession I will sell most of my stash, and buy back in the recession low, which might come to be an epic low.

How are you going to know that the next BTC spike is temporary?  All spikes are temporary or they are not spikes.
How you going to know if BTC prices are going to correlate with the stock market?  I never said I knew that.
How you going to know when to buy back your BTC, if you do sell "most of your stash?"  I will have to make a educated guess.

By the way, if your stash is less than 1 BTC, then maybe it does not matter too much, even though you should still take incremental measures rather than betting on what seems to be a pretty weak theory, at least from what I have read from you so far. Nice try, I'm not telling you how big my stash is, and I don't know what "theory" you are referring to, The world economy goes in bust/boom cycles, that's a fact, if that's what you are referring to.

Part of the seeming craziness of your plan is that you are planning to bet BIG on further BTC down, even though BTC is currently in about a 80% correction area, but you seem to be expecting a decent amount of more down... yet the better gamble would seem to cautious about how much moar down is likely to happen when there has already been about 80% down.
Bitcoin also goes in cycles, of course there will be a down after the next boom.
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December 01, 2018, 09:52:58 AM

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 !

a HAT for you perhaps, XhomerX can fit something on everybody
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December 01, 2018, 09:55:45 AM

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.

thats something i really like, the moment when all scenarios are pointing one direction, then its very possible for BTC to do the total opposite Grin
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December 01, 2018, 10:01:48 AM



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.

i can fully support, follow that, mostly cause i'm not capable of being a real good trader, but i'm a damn good HODLER/stach increaser
also my friend says to be a successful trader you gonna make 45% of wrong calls and 55% right and thats when your a good trader, in a longterm success as a call... i could earn much more by buying low and hodling it all the way(if that 1 call longterm deal is a success ....)
i just can't see why it wouldn't be a success cause BTC is the thing the world really needs
however i do like HM charts and thought Wink
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December 01, 2018, 10:02:20 AM



amen priest
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December 01, 2018, 10:12:19 AM
Last edit: December 07, 2018, 04:17:13 PM by micgoossens

hat update and increasing

   




= first creation "colonel of the HAT INVASION"   Roll Eyes  Roll Eyes collectors item
= HAT creator

=vroom "cat with HAT"
=vapourminer "cat with hat"
=jbreher he only wear he's XhomerX on top of the bear MAYBE good for the BULL creation to tame that BEAR Wink
= nice for fun..... wanted by hueristic, but campaign issue's,SEMI hat carrier
= binaryreign.... avatar merit issue .........
=DireWolfM14 , but avatar merit issue.....
= COME ON gentlemand



still in progress ? ssmc,crypmike,bitebits,biodom,majormax,lauda etc........ pfffffffff   MANY HAT's created THX 

HAT UPDATE TIME much has been changed  Tongue
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December 01, 2018, 10:14:49 AM

$2800 is a possible bottom for Bitcoin, which means that the currency loses about 85% of its value compared to its peak near $20000
P/s: I would like to be a member of "head cap", please someone can help me  Wink

You must be a full member to wear the hat, meaning activity of 120 and a 100 merits. So it will take some time.
be here for a while, and if you fit in the wall observer, you will get absorbed in the thread Smiley
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December 01, 2018, 10:16:32 AM



pump 'er up to 4.5 baby, then we golden
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December 01, 2018, 10:17:28 AM

Cat turned on the rocket boosters?  Cheesy
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December 01, 2018, 10:19:01 AM



come on UP UP UP boom BOom BOOM

Micg gets his weekendpump
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December 01, 2018, 10:20:52 AM

Cat turned on the rocket boosters?  Cheesy

why don't you FIT yourself a XhomerX one ??
i think he can make something awesome of that CAT with GLASSES and perhaps some "rocketboosters"

Wink
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