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Question: 1/24 Closing Price:
<$32,000 - 19 (22.6%)
$32,000-$33,000 - 8 (9.5%)
$33,000-$34,000 - 2 (2.4%)
$34,000-$35,000 - 8 (9.5%)
$35,000-$36,000 - 11 (13.1%)
$36,000-$37,000 - 7 (8.3%)
$37,000-$38,000 - 7 (8.3%)
$38,000-$39,000 - 1 (1.2%)
$39,000-$40,000 - 4 (4.8%)
$40,000-$41,000 - 2 (2.4%)
$41,000-$42,000 - 0 (0%)
>$42,000 - 15 (17.9%)
Total Voters: 84

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25071812 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. (157 posts by 13 users deleted.)
_javier_
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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
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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.
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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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December 18, 2018, 03:45:59 PM
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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 Kiss

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.
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December 18, 2018, 03:47:12 PM

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December 18, 2018, 03:53:25 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.

Yes but, it was tumbling down from the ATH:

I am pretty sure that in the last three years the annual absolute low was in January. All around two weeks in.

In 2014 and this one we had a December ATH to tumble down from.

So unless Bakkt does pick things up, maybe the few weeks post-year end will be the final spike down.  The end of the year is a taxation point, so it's perhaps an oddly diptastic month for a reason. I am not a bear, but it is why I am wary of calling the bottom yet.
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December 18, 2018, 03:55:48 PM

Here is an interesting opinion of Jim Rogers (which I completely disagree with, but i always like to listen to what opponents say):

https://youtu.be/tNSXWkApxU8?t=410

He basically says that if bitcoin/crypto would be successful, government can simply abolish it like England abolished scrip in the 30ies by making trading NOT in Bank of England notes (pounds) a TREASON.
Don't simply dismiss this, hopefully, wrong notion because he is an old fogie since this is Jim Rogers, again, who happens to know about commodity markets quite a bit.
He is not short, but not long either and acknowledges that he might be wrong in his skepticism.

I think that he is wrong because bitcoin provides a standard/reference point, is apolitical and not 'owned' by a particular government plus could accelerate the commerce in due course.
Being neutral would make it resistant to the moves that he described, unless there is cooperation among G20.
What do you guys think?


I think it would be more likely that the elites are hoarding all of the bitcoin for themselves. Historically, the elites have hoarded gold while shoving their worthless paper fiat down our throats. I see no reason for that to change in the age of bitcoin. Look at Jamie Dimon, George Soros, etc. publicly denouncing bitcoin, while quietly buying.

Meanwhile, the unwashed masses:
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December 18, 2018, 04:06:38 PM

However, my own story is that I started buying at $1,200 in late 2013

You are not doing much to discredit my notion that you and Micgoossens are the dumbest money in the thread by stating that you bought at the absolute top of the last bubble, held all the way down to $200, watched the price then rise to $20k, sold zero, then watched it crater to $3k.  Yes, you are technically still in the black...by sheer luck or random coincidence.

You don't have much room to talk. You, presumably being smart money, have watched the multiple rises and falls of bitcoin from the sidelines.
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