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Question: Closing BTC Price June 17:
$0 - 2 (1.6%)
<$6,500 - 7 (5.5%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.6%)
$7,001-$7,250 - 3 (2.4%)
$7,251-$7,500 - 6 (4.7%)
$7,501-$7,750 - 4 (3.1%)
$7,751-$8,000 - 12 (9.4%)
$8,001-$8,250 - 13 (10.2%)
$8,251-$8,500 - 7 (5.5%)
$8,501-$8,750 - 6 (4.7%)
$8,751-$9,000 - 11 (8.7%)
$9,001,$9,250 - 12 (9.4%)
$9,251-$9,500 - 16 (12.6%)
>$9,500 - 16 (12.6%)
$20,000 - 9 (7.1%)
Total Voters: 127

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21225015 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. (64 posts by 15 users deleted.)
Wekkel
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December 13, 2018, 07:22:21 PM

Price is still in the dolldrums so here's some more reading again. I do not like Twitter links but sometimes it is hard to avoid it.

https://twitter.com/danheld/status/1072973302505779200?s=19

Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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December 13, 2018, 07:38:24 PM

Price is still in the dolldrums so here's some more reading again. I do not like Twitter links but sometimes it is hard to avoid it.

https://twitter.com/danheld/status/1072973302505779200?s=19


Thanks for sharing, here's a cut n paste synopsis from the twitter thread...


/ The Bitcoin (double) Standard

A deep dive into the cognitive dissonance of nocoiners, and the ridiculous double standard they have for Bitcoin. Thread 👇

2/ Manipulation

Over the last decade, banks globally have been fined with more than $200 billion in penalties, following investigations into manipulation of various markets/instruments: FX, metals, LIBOR, etc. Those cumulative fines are 2x the current total crypto market cap.

3/ Intrinsic Value

Complaining it has no intrinsic value when their primary currency has absolutely no intrinsic value.

“Bitcoin units have no intrinsic value… the U.S. dollar, the euro, and the Swiss franc, have no intrinsic value either.”

4/ Money Laundering

Approximately $2T a year globally is laundered, Americans spend $100B on drugs annually, Crypto market cap is $109B as of this tweet storm.

“Cryptocurrency [represent a] “low risk” for money laundering and terrorist financing activities... according to FATF

5/ Complexity

Consumers don’t understand how their existing financial system works, nor their cell phone, microwave, etc. There is minimal new training needed for them to be literate/enjoy basic interactions, just like any new technology in their life.

6/ Volatility

The only constant in markets is volatility. No one says “Gold isn’t a good SoV because the price fluctuates” but we hear that all the time with #bitcoin. What did you expect with a new emerging sound money? It certainly wasn’t going to be a linear price path.

7/ Energy Consumption 

🚨 Electricity police! 🚨

Complaining about energy consumption, without first comparing it to the energy consumption of gold mining, the financial system, government, courts, military, selfies, or watching the Kardashians.

8/ Monetary Policy

Worried about deflationary spirals when they most they’ve spent studying deflation is the 15 second dismissal argument from their econ 101 professor

9/ Control

Worries that it was created by an anonymous “hacker” vs highly flawed founding individuals of their government/financial system. Worries that no one “controls” the monetary policy vs a group of old white men they can’t even name

10/ FUD

What all of this FUD represents is the magnitude change Bitcoin brings. Any new technology evokes FUD, which is proportional to the impact it will have on the world. Humans don’t like change, FUD is a representation of the change that a new technology rings.

11/ History rhymes

When the bicycle debuted in 1800s, it was blamed for all sorts of problems—from turning people insane to destroying women’s morals

In the future, we’ll look at these double standards as we do now with bicycle objections: with laughter
 

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December 13, 2018, 07:40:40 PM

Retail Giant Carrefour Launches Blockchain Food Tracking Platform for Poultry in Spain

https://cointelegraph.com/news/retail-giant-carrefour-launches-blockchain-food-tracking-platform-for-poultry-in-spain

(Old news I know, but it is just now being announced in Carrefour's TV ads)
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December 13, 2018, 07:42:01 PM

well well well triangle broke down it seems
Last of the V8s
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December 13, 2018, 07:42:54 PM

It is finished.
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December 13, 2018, 07:45:46 PM


I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

Yeah . My mind set changed completely last week when the price reached my average and I become at loss.
Watch out for this once you're back in profit. Your mindset will do the inverse if we start mooning and that can be just as fatal as what you are experiencing right now. It just won't feel bad until it's too late.

Part of the justification for overinvesting a bit... Perhaps buying 1.2 bitcoin rather than 1 bitcoin is that you won't feel so bad to sell the extra .2BTC that you overinvested when the price goes up (that is if the price goes up).   
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December 13, 2018, 07:46:04 PM

Alright, calm down we’re down about $100 today. It’s not time to start hanging ourselves yet.
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December 13, 2018, 07:46:22 PM

Crypto is dead  Huh Huh Huh
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December 13, 2018, 07:46:37 PM

I think it is just a retest. Will probably bounce. Nothing to worry... yet.
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December 13, 2018, 07:47:43 PM

Bitcorn is ded
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December 13, 2018, 07:48:16 PM


I completely agree however, we must take into consideration that many people invested last year, with a buy in much greater than ours. They could already be at a loss or close to a loss, which puts them at a very different mind set to us who, would need a far greater drop in price to be in their position.

Yeah . My mind set changed completely last week when the price reached my average and I become at loss.
Watch out for this once you're back in profit. Your mindset will do the inverse if we start mooning and that can be just as fatal as what you are experiencing right now. It just won't feel bad until it's too late.

Part of the justification for overinvesting a bit... Perhaps buying 1.2 bitcoin rather than 1 bitcoin is that you won't feel so bad to sell the extra .2BTC that you overinvested when the price goes up (that is if the price goes up).   
Yeah round numbers can be a devil in disguise.
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December 13, 2018, 07:52:32 PM

someone just sended me this any thoughts?

From the team?   Wink
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December 13, 2018, 07:54:58 PM

Friends, son. People have friends. Tell your programmers that.
JayJuanGee
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December 13, 2018, 07:55:42 PM

That's a very short bear you have there.

well, 2015 was a flat for almost 8mo (after Jan plunge).
I don't mind us transitioning to such a flat right here.
Re 500K, I just don't know.

McAfee?

Should he start looking at recipes?
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December 13, 2018, 07:58:20 PM

What i'd like to happen in a perfect trading world




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December 13, 2018, 07:59:14 PM

Waiting, we will load a little more.

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December 13, 2018, 08:01:46 PM

Waiting, we will load a little more.



‘we’

Your 0.1 borrowed bitcoin shorting doesn’t count as a group of people.
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December 13, 2018, 08:10:50 PM

The first time I post here, look forward to comments from everyone.Thank you everyone for watching!

This is a bad first post, and you should feel bad for making it.

Brutal  Cheesy
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December 13, 2018, 08:15:16 PM
Last edit: December 14, 2018, 03:07:03 AM by empowering

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better Wink



$6245 is over $5000 Wink

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

I agree but I think we will be in this hole or lower until late 2019.  A February recovery is too early for me.  I am buying now just to hedge in case I am wrong.    

+1 Merit (I owe you one)
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December 13, 2018, 08:17:47 PM

That's a very short bear you have there.

well, 2015 was a flat for almost 8mo (after Jan plunge).
I don't mind us transitioning to such a flat right here.
Re 500K, I just don't know.

McAfee?

Should he start looking at recipes?


http://www.grouprecipes.com/59411/penis-stew.html

Must remember to remove the scum
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