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Question: Closing BTC Price June 17:
$0 - 4 (3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.5%)
$7,501-$7,750 - 4 (3%)
$7,751-$8,000 - 12 (9.1%)
$8,001-$8,250 - 13 (9.8%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.5%)
$8,751-$9,000 - 11 (8.3%)
$9,001,$9,250 - 13 (9.8%)
$9,251-$9,500 - 17 (12.9%)
>$9,500 - 17 (12.9%)
$20,000 - 9 (6.8%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21226984 times)
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December 12, 2018, 01:58:31 AM
Merited by Phil_S (1), Toxic2040 (1)



Hello Crypto Compatriots,

It has been quite a while... Glad to be back.

Tears fill my eyes as I gaze through the ranks... So many comrades have fallen. The 2018 bear market has taken more than lives, it destroyed hopes and dreams.
Some unfortunate soldiers have given up on the their ideals, forgetting the possibility of a brighter future, one where Bitcoin overcomes the fiat tyranny.
And there are the ones who stand... You... You and You! The braves are still among us.
Whether you are a weathered veteran who already knew the tune, or a first timer, blue and angry, fear not!
It is time to reload, level up, and walk proud, as the story is far from over.

The honey badger may be beaten up and weary, but he's still standing.
Speaking of Badger, let's see what future lies for our broken hero.
Bit followed the long path at the feet of Mt King, too tired to climb, and still determined enough not to give in the sands of the desert of despair. He walked straight for as long as he could. Unfortunately, the road came to an abrupt end. A wall of rocky mountains stood firm ahead, forcing Badger to change directions. His only option was to head south, getting dangerously closer to the dreaded Reklands. home of the infamous Lord Rekt.

Here is the lay of the land:

I - Above 10,000 - Forbidden Eden

Beyond the green fields and pastures of the open plains lays one of the most enchanting region of Bulltardia. The Forbidden Eden is its name. Every crop harvested from its soil yields more than any other soil, and the fruits that grow from its trees have a incomparable sweetness. Would Bit reach the Forbidden Eden , he'd be able to rejuvenate and regain the strength that was drained by his bearish journey.

II - 10,000 - Wall of Ten

Erected by ten thousand men, the wall of ten protects the Forbidden Eden from Lord Rekt's army and other unwanted intruders. Bit will have to find a way through the weall if he wants to reach the Forbidden Eden , either via the gates or over the wall.

III - 6000 - VanEck Pass

The VanEck Pass is the safest and easiest way to cross the 6K rockies. Unfortunately, the pass is easy to miss and most of the roads that lead to it are in fact straying deeper into the valley, delaying voyagers with twists and turns.

IV - 2900~6000 - Valley of Confusion

Any adventurer who sets foot in the valley is immediately covered by a mantle of thick fog. Soon after, they will abandon their sense of logic and perception. It is said that the fog is nothing else but dangerous fumes of Hopium, released by the many geysers peppering the ground. Would Badger stay too long in the area, he might have trouble remembering which way to the moon, or even worse, why he came here at the first place.

V - 2800~2900 - Blood River

Legend goes that the river was dug by the hands of Lord Rekt himself, who then poured in its bed the blood of its victims. The river cascades into the great abyss to feed who-knows-what-lies-down-there.
A crossing boat (and toll taker) awaits at 2880. Let's hope the price to be too high for Badger to accept the ride.

VI - 900~2800 - Rektlands

There is nothing friendly about the doomed lands of Rektlands. If you ever pictured hell, that's most likely how it looks like, but worse. Its sovereign, Lord Rekt, feeds on the flesh and bones of the way too many poor souls that venture into those forsaken plains.

VII - 1250~1500 - The Altar of Ultimate Sacrifice
Everyone captured by Lord Rekt will be sacrificed to honor the beast. According to the lore, "One will be saved by the light of the Moon at the altar of blood". The so-called prophecy remains a myth, has no one has ever been rescued from the sacrificial knife. Once killed, the victims's body are consumed by Lord Rekt, and their blood poured into the sinister river.

VIII - 900 - The Last Hodler

The last living soul below known to live below 1K is called the last hodler. Even though he dwells in the land of Lord Rekt, he somehow escaped Rekt's torment by denying his existence. Years of hopium abuse have altered the Last Hodler's reality. Semi-conscious, he spends his day staring at the void of the abyss, physically lost but his mind dreaming the life of a bygone era.

IX - sub 900 - The Abyss

Nothing comes out alive from it... Nothing. And I don't want to talk about it.

Will Bit give another shot at the rockies or will he just take the path of least resistance? And for how long?

https://www.tradingview.com/chart/BTCUSD/a47Kioh9-The-One-Coin-to-Rule-Them-All-Chapter-II/

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JayJuanGee
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December 12, 2018, 02:03:04 AM

I'm buying physical, small but regular purchases. Have been since a couple of months.

Quote
choo choo wee wee

@bitserve, @kingcolex
He can't be helped. I choose to embrace it. Positivity yields positivity. Wee.


Of course, bought some when the price dropped from $6k to nearly $3k... and buying small amounts during flat periods, too.  Also, have to keeps some dry power, in case there are more drops.

Weeeeeee.
JayJuanGee
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December 12, 2018, 02:08:07 AM

If no one is buying how the fuck the price stay there? Manipulation?

I am serious (this time), no one here seems to be buying right now, much less the "regular" people, so... who is buying to support the price?

No one will buy bear market. people are scared

you are scared

smart money isn't

and who's buying the cheap coins ?

I am not scared.
I don't know what do you mean with cheap coins. if you mean cheap bitcoin or other coins.
in case of other coins, some of them do 50% up in few minutes.

Of course, you are new to this thread, rebal15.

Coins, here, refers to bitcoins, unless otherwise specified.  So get the fuck out of here with your nonsense attempts to promote other crypto in this thread.  There are other threads, and forums for your baloney talk about other coins supposedly serving as better performers than bitcoin.  We frequently hear that kind of nonsensical attempts to distract folks and to trick them out of there bitcoin.. which is the main prize.    Tongue
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December 12, 2018, 02:10:31 AM

Of course, bought some when the price dropped from $6k to nearly $3k... and buying small amounts during flat periods, too.  Also, have to keeps some dry power, in case there are more drops.
I guess you, too, have some powder you hope you never have to fire.
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December 12, 2018, 02:13:30 AM

What about you mic? You are one of the most positive people on Bitcoin and for sure a convinced hodler but... are you BUYING right now?

i play for the coins .... my way for accumulation long term, and till now my fastest way as well, if any of my friends would sell for cash i buy instantly, as my good friend has sent FIAT as well to exchanges to BUY....

my last session of little more as a month ago was a sizeable amount that i did won so increased my stash right there....
this last two weeks i didn't buy any FIAT into BTC
but i'm looking to buy some between now and lower as well cause prices are just becoming a to big of opportunity.

also know i can play with people for fiat (poker) but just always playing for BTC cause it has been my best way to accumulate and as long that i'm doing good i will keep doing this as my main way to increase, also what i have on the cold storage is not leaving anymore, so if i would lose on this low prices, then i would absolute transfer FIAT to buy cheap BTC's and pay them out....

will be looking to transfer FIAT as well cause not many that i know are selling now for cash..... Roll Eyes



Good busy.

I'm waiting for fiat to buy more, should be before the end of the month.

Also daytrading some alts on order to accumulate more.

Really necessary, because I sold a great part of my stash to buy the Ducati and lost a lot on a long during this crash, no longer a member of the 21-club, by far. Will take a lot to get to be a member again.

Interesting... for some reason I assumed that when you bought that BEAUTIFUL Ducatti you did with a minor instead of a major part of your stash.

julian071 is an example of someone who dos not have enough patience to exercise deferred gratifications.

He did the same thing in around the $700 territory.  Bought a Ducatti and then crashed it... yet perhaps insurance money might have allowed him some pay off on the first one.  Likely, the second one came, as julian071 seems to admit, based on overextending himself in terms of maintaining an adequate and reasonable BTC stash.
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December 12, 2018, 02:18:16 AM
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Totally unrelated. But just one click further: https://www.youtube.com/watch?v=YSjsNzffUGQ
gembitz
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December 12, 2018, 02:21:14 AM

I'm buying physical, small but regular purchases. Have been since a couple of months.

Quote
choo choo wee wee

@bitserve, @kingcolex
He can't be helped. I choose to embrace it. Positivity yields positivity. Wee.


Of course, bought some when the price dropped from $6k to nearly $3k... and buying small amounts during flat periods, too.  Also, have to keeps some dry power, in case there are more drops.

Weeeeeee.

https://www.treehugger.com/energy-efficiency/good-news-bitcoin-becoming-worthless.html

 Cool

NEWS!===> BITCOIN BECOMING WORTHLESS!!  Shocked #TREEHUGGERZZZ LOLLL
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December 12, 2018, 02:28:04 AM

@Last of the V8s, you lost your Interceptor hat!
BobLabrador stole it.

NUH UH !!! I SAW YOU PUT ON ONE OF YOUR MANY HATS FIRST, SO THEN I PUT MY HAT BACK ON !!!

I take capitulation seriously, brother.

Because he Maybe has many personality’s
Thats why the different HAT’s  Roll Eyes

With me jjg would say always a diffrent Guy of my BIG team that works around the clock on my payroll to just be here.... i don’t know giving what info thats worth being paid for, but thats just he’s thoughts Cheesy
Thats why my different hat’s

I am not sure whether your misreading me is on purpose or not, especially when you attempt to add more specifics in a way that seems to distract my assertion into a kind of strawman argument about me, and not about you, and surely, there may be some speaking in riddles coming from me, but as I have repeated several times, the essence of the "team" thing is merely to suggest that your story does not add up, so the details of what I am asserting likely just does not matter about what is your "team" exactly.
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December 12, 2018, 02:32:25 AM


It's one of the few places left where you can spend your bitcoins online.

Unfortunately.

I'm to the point of considering ordering a credit card. My Amex was supposed to be only for emergencies but I've racked up plenty of useless sky miles over the past year with it.

Two words: Shift card.

More words: spend your Bitcoin at any place that takes Visa.

Goal of Bcash shills - attempt to get bitcoiners to spend their bitcoins, and trick BTC hodlers into thinking that they are doing some kind of public service (or at least service to the bitcoin infrastructure) by spending their bitcoins.   Roll Eyes Roll Eyes

Many people realize that spending bitcoin is the same as selling, and frequently for accounting and tax purposes the systems in place, right now, are not very friendly times towards spending BTC - and likely there is a need to replace any spent bitcoins, especially at these prices.
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December 12, 2018, 02:34:35 AM

https://www.sammobile.com/2018/12/11/exclusive-samsung-bitcoin-app-cold-wallet-cryptocurrencies/

Theorising here that the next Samsung generation will have hybrid cold/ hot wallet built into it.
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December 12, 2018, 02:38:43 AM


It's one of the few places left where you can spend your bitcoins online.

Unfortunately.

I'm to the point of considering ordering a credit card. My Amex was supposed to be only for emergencies but I've racked up plenty of useless sky miles over the past year with it.

Two words: Shift card.

More words: spend your Bitcoin at any place that takes Visa.

Goal of Bcash shills - attempt to get bitcoiners to spend their bitcoins, and trick BTC hodlers into thinking that they are doing some kind of public service (or at least service to the bitcoin infrastructure) by spending their bitcoins.   Roll Eyes Roll Eyes

Many people realize that spending bitcoin is the same as selling, and frequently for accounting and tax purposes the systems in place, right now, are not very friendly times towards spending BTC - and likely there is a need to replace any spent bitcoins, especially at these prices.

By getting into the habit of spending your bitcoins it means you need to hold less fiat.

If you're not spending your bitcoins...what do you have that you can spend?
gembitz
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December 12, 2018, 02:44:00 AM


It's one of the few places left where you can spend your bitcoins online.

Unfortunately.

I'm to the point of considering ordering a credit card. My Amex was supposed to be only for emergencies but I've racked up plenty of useless sky miles over the past year with it.

Two words: Shift card.

More words: spend your Bitcoin at any place that takes Visa.

Goal of Bcash shills - attempt to get bitcoiners to spend their bitcoins, and trick BTC hodlers into thinking that they are doing some kind of public service (or at least service to the bitcoin infrastructure) by spending their bitcoins.   Roll Eyes Roll Eyes

Many people realize that spending bitcoin is the same as selling, and frequently for accounting and tax purposes the systems in place, right now, are not very friendly times towards spending BTC - and likely there is a need to replace any spent bitcoins, especially at these prices.

By getting into the habit of spending your bitcoins it means you need to hold less fiat.

If you're not spending your bitcoins...what do you have that you can spend?

bags of fizzy bath salts?...tide pods? Wink yeeee
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December 12, 2018, 02:57:52 AM

... who are you that you go trawling through everybody else's business, IRS??

Money is a zero sum game system of control to replace the law of the jungle, so technically it's everyone's business since you have the option to choose whether it's a legit or remotely fair or beneficial system, or a rigged system that does not benefit you, then you can fall back to the law of the jungle and simply take from those who attempt to enslave you.
Great post

I welcome a collapse where money means nothing and all the paper property ownership means nothing.  Money is a way for weak and old people to stay in charge.  Can't believe so many people are brainwashed into thinking it has actual value.
JayJuanGee
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December 12, 2018, 03:03:29 AM

Of course, bought some when the price dropped from $6k to nearly $3k... and buying small amounts during flat periods, too.  Also, have to keeps some dry power, in case there are more drops.
I guess you, too, have some powder you hope you never have to fire.


Sometimes, it can become confusing regarding how much is "new money" versus money from earlier sales, and I think that I have always been injecting a bit of new money into my whole available BTC dry powder.  Sometimes, also, there is money that becomes needed in real life, and there can be questions about the extent to which that  money is taken from the fiat funds that are supposed to be dedicated to rebuying BTC... .Of course, with the passage of time, fiat cash flow can be used to replenish any of the fiat used sources - but also, large BTC price movements in one direction or another might take a bit of time to figure out what kind of prudent measures might be taken to ensure dry powder being available (and how much)... for example, do I attempt to set buy orders all the way down to 3 digits, or do I believe that $2k is sufficient for extreme scenario?  Three digits would have been "crazy" when BTC prices were largely stuck above $6k, but now those kinds of 3 digit extremes are NOT as extreme... so they have perhaps moved from less than 3% to a probability level that comes much closer to 10%, though 10% does seem high for that kind of extreme, too.

Better would be if we could just reverse from here, but there just seems to be too much ongoing drag that to me, seems to be coming from some of the various valueless altcoins that still have billions of dollars in market cap but hardly any reasonable use case.

Earlier, I did believe that chances were pretty high that altcoins are coming for at least one more upwards ride with bitcoin, but there just seems to be so much ongoing desire to purge a bit more of the froth from those various projects, and cannot really blame "the market" for that, even while bitcoin cannot help but to suffer along with them and the ongoing pulling of the froth from several of the shitcoins..

Top twenty goes down to $244 million in market cap, and top 50 goes to $78 million in market cap.  It is possible that they have been purged enough, but at this point, I am just in an ongoing bewilderment stage that it could take at least 3 months or more (and even 6 months is not unreasonable) to figure out.
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December 12, 2018, 03:18:51 AM


It's one of the few places left where you can spend your bitcoins online.

Unfortunately.

I'm to the point of considering ordering a credit card. My Amex was supposed to be only for emergencies but I've racked up plenty of useless sky miles over the past year with it.

Two words: Shift card.

More words: spend your Bitcoin at any place that takes Visa.

Goal of Bcash shills - attempt to get bitcoiners to spend their bitcoins, and trick BTC hodlers into thinking that they are doing some kind of public service (or at least service to the bitcoin infrastructure) by spending their bitcoins.   Roll Eyes Roll Eyes

Many people realize that spending bitcoin is the same as selling, and frequently for accounting and tax purposes the systems in place, right now, are not very friendly times towards spending BTC - and likely there is a need to replace any spent bitcoins, especially at these prices.

By getting into the habit of spending your bitcoins it means you need to hold less fiat.

If you're not spending your bitcoins...what do you have that you can spend?

Just seems like over-investment into bitcoin to me, and bitcoin seems to volatile to invest that much of your wealth into...  but of course, everyone has to figure out his/her own balance level.

Before I came to bitcoin, I had more than 25 years of investing, which also created some kinds of tying into fiat that I was not really willing to tie into bitcoin.  So, even though my initial target was to dedicate about 10% of my quasi-liquid investment (at least how I was evaluating my other investments) into bitcoin, I ended up in the 13% or more territory, in part due to bitcoin's longer than anticipated bear market in 2014 and 2015.. so when BTC prices started to go up, my BTC value allocation went way up, but I still maintained the various fiat investments that generate income.

What I am trying to say, in part, is kind of along the gresham's law lines in that spending fiat related money first seems to be more prudent, to the extent those kinds of cashflows exist. 

I mean, I still feel that I am heavily invested into bitcoin (because of BTC's appreciation), but I have not really felt any real and meaningful needs to dip into BTC cash flows, because I already had established various fiat cashflows that I tend to spend first (which is also largely enough to address all of my ongoing needs).

Don't get me wrong, I am not opposed to spending BTC, and there will likely be some time in the future that I just begin some kind of ongoing practice of regularly cashing out BTC, too... and so in that regard, maybe just some of my luxury is going to go up too... while I understand that there is a certain need to spend money rather than to die with it, so there are going to be those kinds of cashing out desires that continue to provide cashing out justification, too.

I hear people talking about living off of pure bitcoin, and maybe for some people that works, but seems quite volatile and premature for a large number of people, unless you are holding in the 1,000 btc territory... and of course, depends on standard of living too... at these prices, 1,000 BTC is only getting you $3.35 million , so seems like borderline low to be attempting to live off of that in a passive way, especially in western lifestyle, even though I understand that less than a third of that would be passive income functional in other parts of the world (if you are not planning on having some western style expenses from time to time).
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December 12, 2018, 03:46:37 AM

... who are you that you go trawling through everybody else's business, IRS??

Money is a zero sum game system of control to replace the law of the jungle, so technically it's everyone's business since you have the option to choose whether it's a legit or remotely fair or beneficial system, or a rigged system that does not benefit you, then you can fall back to the law of the jungle and simply take from those who attempt to enslave you.
Great post

I welcome a collapse where money means nothing and all the paper property ownership means nothing.  Money is a way for weak and old people to stay in charge.  Can't believe so many people are brainwashed into thinking it has actual value.

in bitcoin weeeee™ trust //;)\\ choochoo™ all abraod!!
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December 12, 2018, 03:47:34 AM


It's one of the few places left where you can spend your bitcoins online.

Unfortunately.

I'm to the point of considering ordering a credit card. My Amex was supposed to be only for emergencies but I've racked up plenty of useless sky miles over the past year with it.

Two words: Shift card.

More words: spend your Bitcoin at any place that takes Visa.

Goal of Bcash shills - attempt to get bitcoiners to spend their bitcoins, and trick BTC hodlers ...

JJG, you're an autistic knee-jerker. Mind the context, mofo.
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December 12, 2018, 04:19:30 AM


It's one of the few places left where you can spend your bitcoins online.

Unfortunately.

I'm to the point of considering ordering a credit card. My Amex was supposed to be only for emergencies but I've racked up plenty of useless sky miles over the past year with it.

Two words: Shift card.

More words: spend your Bitcoin at any place that takes Visa.

Goal of Bcash shills - attempt to get bitcoiners to spend their bitcoins, and trick BTC hodlers ...

JJG, you're an autistic knee-jerker. Mind the context, mofo.

My response seems appropriate, yet I am surprised by your level of hostility.

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December 12, 2018, 04:23:53 AM
Last edit: December 12, 2018, 04:37:08 AM by PoolMinor

If no one is buying how the fuck the price stay there? Manipulation?

I am serious (this time), no one here seems to be buying right now, much less the "regular" people, so... who is buying to support the price?

No matter what it 'seems', for every seller of a Bitcoin, there is a buyer of a Bitcoin. Sometimes, this fundamental principle seems to escape attention.

What I find most vexatious is how someone is only concerned about price manipulation when it is being held down and not when the price is rising.

Down = Manipulation

Up = Adoption/FOMO/Accumulation.

 Roll Eyes
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December 12, 2018, 04:43:51 AM

If no one is buying how the fuck the price stay there? Manipulation?

I am serious (this time), no one here seems to be buying right now, much less the "regular" people, so... who is buying to support the price?

No matter what it 'seems', for every seller of a Bitcoin, there is a buyer of a Bitcoin. Sometimes, this fundamental principle seems to escape attention.

What I find most vexatious is how someone is only concerned about price manipulation when it is being held down and not when the price is rising.

Down = Manipulation

Up = Adoption/FOMO/Accumulation.

 Roll Eyes

Oh, that's easy to explain: because the majority is long, not short.
Shorting is psychologically hard for most people. It's the same on the stock market.
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