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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25492855 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. (158 posts by 14 users with 9 merit deleted.)
Cryptotourist
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December 18, 2018, 01:58:46 PM
Merited by JayJuanGee (1)

Here we go again  Cool



*. always wanted to post that Tongue
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Last of the V8s
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December 18, 2018, 01:59:47 PM

"everyone" Roll Eyes
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?
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December 18, 2018, 02:01:34 PM

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.
kingcolex
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December 18, 2018, 02:11:15 PM

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.
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December 18, 2018, 02:17:28 PM

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).
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December 18, 2018, 02:20:04 PM

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.
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December 18, 2018, 02:31:25 PM

The second sounds pretty bullish to me. Especially considering that JPM got caught red-handed buying Bitcoin after calling it a scam/ponzi.
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December 18, 2018, 02:32:51 PM

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....
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December 18, 2018, 02:35:06 PM

Hard to believe the bottom is in, without a high volume daily bar ala jan '15.......likely, the last bull trap before capitulation
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December 18, 2018, 02:35:20 PM

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.
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December 18, 2018, 02:41:03 PM

Get ready for the January dip.

-Historically there´s always a The January Dip.

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December 18, 2018, 02:50:17 PM
Merited by cAPSLOCK (1)

Get ready for the January dip.


Kinda like the november pump that never came?

Statistically insignificant
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December 18, 2018, 02:59:18 PM

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
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December 18, 2018, 03:09:05 PM
Last edit: December 18, 2018, 03:27:05 PM by birr
Merited by JayJuanGee (1)

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.
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December 18, 2018, 03:25:20 PM

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
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December 18, 2018, 03:28:02 PM

If Wall Street rehypothecates bitcoin and there's a fork, big boys go bankrupt.
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December 18, 2018, 03:32:59 PM

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.

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December 18, 2018, 03:35:20 PM

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
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December 18, 2018, 03:36:05 PM

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

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December 18, 2018, 03:44:55 PM

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?
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