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

[Cryptotourist]

Here we go again  



*. always wanted to post that

[Last of the V8s]

"everyone"
sure it did get a bit too bullish here overnight, but so what?
bears are bores, ok? let us live a little
also there's plenty money to be made in a bear market just from the blips.
how far up are we going on this bounce?

[dandannn]

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

Tried that many years ago, didn't work then, wont work now. Their loss.

I do not think it is a good idea to convince people to invest in anything.

Taking care of your money if your own responsibility, and it is a very personal decision. If someone asks my opinion, I will tell them. But gathering people to invest in BTC is risky, and it may cause problems in your personal life. A Friend or family member may make wrong decisions and lose money , and he will blame you.

For any kind of investment... Investment advice usually ends bad.

You could and should give certain people, who are interested, some information, and reading material. So they can make their own decisions

Your quite right, i was focusing more towards passing on informative information rather than financial advise.

[LFC_Bitcoin]

Selling pressure dried up?
Bears exhausted & out of ammo?
Bottom finally in?

I think we’ll find out a lot within the next 3-4 weeks.

If we don’t dip below 3k in the next 3-4 weeks then I think the bottom is finally in & we’ll begin a long period of stability (perfect for accumulation) before we start the next bull run abouf 1 year from now.

Don’t miss out on the opportunity that the current price gives you to load up on cheap coins.
I’m not going to put a single penny into fiat savings for the next year, every month all my spare money is going into bitcoin (well spare money after drink & drugs).

[_javier_]

I refuse to accept that the trend change will come ONLY after a V bottom chart.

Maybe this month is bottom, and next month is slowly rise.

[BTCMILLIONAIRE]

du fomo: https://www.bloomberg.com/news/articles/2018-12-18/crypto-mystery-clues-suggest-tether-has-the-billions-it-promised
et du fud: https://www.bloomberg.com/news/articles/2018-12-18/pros-are-ditching-bitcoin-market-as-interest-ebbs-jpmorgan-says

The second sounds pretty bullish to me. Especially considering that JPM got caught red-handed buying Bitcoin after calling it a scam/ponzi.

[serveria.com]

The pump continues! Meanwhile on reddit:

https://www.reddit.com/r/Bitcoin/comments/a5y84e/03jan2019_bitcoin_users_on_brink_of_second/

Can somebody explain me what this guy is trying to achieve and what can be the consequences? FUD? Don't think it will be heavily supported but anyway....

[TeeBone]

Hard to believe the bottom is in, without a high volume daily bar ala jan '15.......likely, the last bull trap before capitulation

[BTCMILLIONAIRE]

Anyone have experience with Gunbot? I was thinking of getting a trading bot and trying it out and seeing if it is worth anything or I might just lose cash.

I don't have any experience with it, but chances are that it works well in more or less sideways markets or predictable channels, and gets wiped-out during bull-runs or dumps. Also, if you can buy the bot it probably sucks, because otherwise there would be no incentive for anyone to sell and thus ruin their own profit margin. And Gunbot licenses are pretty cheap, so I wouldn't expect much from it in the first place.

[Syke]

Get ready for the January dip.

-Historically there´s always a The January Dip.

[Lowryy]

Get ready for the January dip.

Kinda like the november pump that never came?

Statistically insignificant

[sam_ti_dyatel]

Hard to believe the bottom is in, without a high volume daily bar ala jan '15.......likely, the last bull trap before capitulation

sounds like disbelief, maybe capitulation was from 6k

[birr]

The pump continues! Meanwhile on reddit:

https://www.reddit.com/r/Bitcoin/comments/a5y84e/03jan2019_bitcoin_users_on_brink_of_second/

Can somebody explain me what this guy is trying to achieve and what can be the consequences? FUD? Don't think it will be heavily supported but anyway....

The proposed action is actually significant, when seen in the context of Wall Street coming in, with bitcoin rehypothecation and all it entails.  Also fractional reserve on the exchanges... also... you get the idea.
Caitlin Long has been writing about the effects of a fork on rehypothecated bitcoins, but she wasn't the one who first realized the implications.  Trace Mayer mentioned it to her in an interview.
I think the Jan 3 "Proof of Keys" may have been Trace Mayer's idea, but I'm not sure.
In the reddit thread you linked, people discuss fractional reserve mostly, but it's the tip of the iceberg.

[BTCMILLIONAIRE]

The pump continues! Meanwhile on reddit:

https://www.reddit.com/r/Bitcoin/comments/a5y84e/03jan2019_bitcoin_users_on_brink_of_second/

Can somebody explain me what this guy is trying to achieve and what can be the consequences? FUD? Don't think it will be heavily supported but anyway....

The proposed action is actually significant, when seen in the context of Wall Street coming in, with bitcoin rehypothecation and all it entails.  Also fractional reserve on the exchanges... also... you get the idea.
Caitlin Long has been writing about the effects of a fork on rehypothecated bitcoins, but she wasn't the one who first realized the implications.  Trace Mayer mentioned it to her in an interview.
I think the Jan 3 "Proof of Keys" may have been Trace Mayer's idea, but I'm not sure.

The difference is that non-physical Bitcoin instruments will merely be like betting on the outcome of a horse race. They're unlikely to have a significant impact on the market as it matures.

[birr]

If Wall Street rehypothecates bitcoin and there's a fork, big boys go bankrupt.

[JimboToronto]

An early good morning Bitcoinland.

Still holding on to most of yesterday's gains I see... currently $3601USD/$4830CAD (Bitcoinaverage).

Go Bitcoin go.

While I hopefully won't need to sell any coins until April/May, I like the option of selling at a profit from what I paid in the last month.

As it is, I'd rather roll up my spare change than sell even enough for pocket money. I'd rather be buying now but I already overspent these last few weeks and I don't expect any serious revenues until the end of January.

No regrets. I'd rather have coins in my paper wallets than bills in my leather one.

[Febo]

Get ready for the January dip.

Kinda like the november pump that never came?

Statistically insignificant

There was also no January dip in 2014.

[empowering]

Crypto-Mystery Clues Suggest Tether Has the Billions It Promised


https://www.bloomberg.com/news/articles/2018-12-18/crypto-mystery-clues-suggest-tether-has-the-billions-it-promised

[LFC_Bitcoin]

Get ready for the January dip.

Kinda like the november pump that never came?

Statistically insignificant

There was also no January dip in 2014.

Which if you’re looking for past performance as an indicator of future price movements will tell us that we won’t have a Jan dip this time.

Jan 2014 - No dump as sellers exhausted after massive price decrease after ATH
Jan 2019 - No dump as sellers exhausted after massive price decrease after ATH?

[infofront]

If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k  around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day.

Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........

after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts

Ive been as bearish as the next guy. However, we should be given pause by the fact that everyone and his shoeshine boy are 100% certain that we're heading to $1,500-$2,500 and will endure 12+ months of crypto winter.