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

[El duderino_]

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[El duderino_]

[JayJuanGee]

So Bitcoin rises by ~2% after falling ~84% and somehow everyone thinks that this bear market is over?

(0.02 * 19,666)= ~$400 + 3122= ~3500.

I also believe that the next intermediary top will be around 23-25 of December. Good chart.

It’s ok the bear market is over

How could the bear market be over?  We just confirmed (when BTC decisively broke below $6k) that we are actually in a bear market.  Before that time, we had merely confirmed that we were in the middle of a price correction.

So currently, it seems to get back above $6k, assuming that BTC prices rebound, the better case scenario is 3 months and the worse case scenario is in the 2 year arena.  Most of us here would likely prefer going up sooner rather than later, and I suppose that some benefits regarding a longer and more drawn out recovery would be that the BTC price would be on more solid grounds for the next hopefully happening upwards price surge at some point after the halvening.

TLDR: I am not proclaiming to know anything more than anyone else, yet my point is that your proclamation that the bear market is "over" seems way too premature, especially given recent price happenings, including breaking below $6k without any significant rebound.

[infofront]

One interesting thing is that we rallied yesterday, despite (or because of?) the equities selloff. Equities are mostly flat today, as is BTC.

So far I remain unconvinced of any correlation, but it will be interesting to see if there's an inverse correlation if the stock market continues fall.

[yefi]

. And yefi didn’t particpate

I was thwarted by my strategy of posting right at the end and my forgetfulness

[Last of the V8s]

[BTCMILLIONAIRE]

Greenspan predicts stagflation in fiat world.

https://qconline.com/business/investment/personal-finance/alan-greenspan-investors-should-prepare-for-the-worst/article_b5b32707-3764-562b-95e9-e1602618e663.html
https://www.cnn.com/videos/business/2018/12/18/alan-greenspan-stock-market.cnn-business/video/playlists/business-markets-investing/

What would be the consequences for bitcoin?
Last time it happened in the 70ies, gold performed exceptionally well, stocks did not do anything for 12 years (with multiple sharp drawdowns and recoveries) and bonds cratered.
Hopefully, btc would replace gold here.

At around 2028-2030, interest rates would be very high and, hopefully, the new bull market in bonds would begin.
I intend to capture that yield then and there.

"451: Unavailable due to legal reasons

We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact webmaster@qconline.com or call 309-764-4344."

Nice meme.

[BTCMILLIONAIRE]

I don't get the point of those headlines. Technically higher population means higher amount of students thus increasing student debts. Without all the details about rates of repayment and where the money comes from those types of headlines are pretty pointless. I'd be more worried about the dollar printing press than increasing absolute debt (not that I know or care enough about the debt market to make any claims for or against it).

For reference. One billion students taking out a loan of $1000 would amount to total student debt of one trillion. And $1000 is an amount that nearly anyone could pay off with interest in their lifetime. No details, no information.

[Biodom]

Greenspan predicts stagflation in fiat world.

https://qconline.com/business/investment/personal-finance/alan-greenspan-investors-should-prepare-for-the-worst/article_b5b32707-3764-562b-95e9-e1602618e663.html
https://www.cnn.com/videos/business/2018/12/18/alan-greenspan-stock-market.cnn-business/video/playlists/business-markets-investing/

What would be the consequences for bitcoin?
Last time it happened in the 70ies, gold performed exceptionally well, stocks did not do anything for 12 years (with multiple sharp drawdowns and recoveries) and bonds cratered.
Hopefully, btc would replace gold here.

At around 2028-2030, interest rates would be very high and, hopefully, the new bull market in bonds would begin.
I intend to capture that yield then and there.

"451: Unavailable due to legal reasons

We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact webmaster@qconline.com or call 309-764-4344."

Nice meme.

haha, just check the video.
I will remove the link to that nonsensical site, thanks.

[Biodom]

Well, I am close to 100% sure that the drawn curve does NOT properly fit the data points and is drawn without much respect to them (just to illustrate a point).
A much better curve (where you can examine whatever deviation from the mean your heart disire):
https://www.moonmath.win/

[JayJuanGee]

I am thinking one of the differences during the next bull market is that there won't be no ICO craze as in this last one. That's surely a positive thing that will make everything much more sane. Not so good for ethereum though.

Btw, have ANY of the ICO's actually delivered anything useful or profitable already?

I wouldn't be so sure about that. It would probably at least be much more cut throat though, as most people should've realized that buzzword filled toilet whitepaper doesn't mean shit. That could also imply more absurd gains for those that do make the cut, with even steeper losses for full blown trash.

I am thinking something similar.

Even though the dynamics of the next pump will likely be different (assuming there is a next pump), yet there is no real reason to conclude that either ICOs, Alts or dumb money has been purged from the cryptospace.  There would have to be some really dramatic changes before they are really killed off, and I am not even sure if a 2 year crypto winter would actually cause such killing off of such dumb money that surely likely to go along for any kind of pump, even if there is no there, there.

[ðºÞæ]

BTC Difficulty adjustment in 2.9 hours. Watch the price after that, I suspect it is going to go down.

Difficulty follows price.  Price does not follow difficulty.

Before you can put more money in safety deposit box you have to increase security. In Bitcoin lingo Hashrate is security.

This is really fundamental, some post around here outright scary. 
 

[alevlaslo]

this is good news, the price will not fall further, everything has been sold, it is necessary to buy

[gentlemand]

Before you can put more money in safety deposit box you have to increase security. In Bitcoin lingo Hashrate is security.

This is really fundamental, some post around here outright scary. 
 

Miners don't give a fuck about security. All they want is money.

If the price is too low to make money off they go until the difficulty changes enough to entice them back.

[alevlaslo]

Not my chart.. but scary accurate in the past..



I wasnt ready to wait 5 years..  anyways.. just hodl

Hehe we're in October 20 atm according to this graph   so MOON SOON ladies!

[El duderino_]

https://toshitimes.com/bitcoin-in-space/

[El duderino_]

18 december @ this time

1BTC= 3537$   cheap as F*** for those that can accumulate .... or buy first into BTC ..... don't wait and don't miss out #BUYBTContheCHEAP

[g-uid]

https://toshitimes.com/bitcoin-in-space/

How does one consume this broadcasted feed?

[El duderino_]

https://toshitimes.com/bitcoin-in-space/

How does one consume this broadcasted feed?

absolutely don't know just gonna read it as well .... but sounds strange

[g-uid]

BTC Difficulty adjustment in 2.9 hours. Watch the price after that, I suspect it is going to go down.

Difficulty follows price.  Price does not follow difficulty.

Guess we're about to find out.

via Imgflip Meme Generator