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

[realr0ach]

Everyday i’m more convinced you really like the WO peoples with being here, am i right on that fact?

I log on solely to see what Elwar will type at $1xxx.

[El duderino_]

Everyday i’m more convinced you really like the WO peoples with being here, am i right on that fact?

I log on solely to see what Elwar will type at $1xxx.

Just that the bottom was deeper than we thought and we are going up from there ....
So now you know......

[Totscha]

Everyday i’m more convinced you really like the WO peoples with being here, am i right on that fact?

I log on solely to see what Elwar will type at $1xxx.

Just that the bottom was deeper than we thought and we are going up from there ....
So now you know......

If there was a god he would take your word for it.

[El duderino_]

^
If there is a God or not thats a whole other topic ( if there is he would probably be the one who plant the BTC seed as well)

[Last of the V8s]

The bottom of silver is 5 or 10 dollars. ok fine. no one cares.
it's the upside that's interesting. gosh will it do a 5x, a 10 x, maybe even go to 100 dollars/oz
that would be amazing, 20 fucking x
but it is the ceiling
now compare with bitcoin
even Jamie fucking Dimon said it's going to 100k on the next bullrun
there ain't no ceiling for the ones after that

[El duderino_]

Mmmm

Bottom is always for every asset the same.... its just that asset itself, if nobody want it Then its 0 or in silver case just the silver itself and for BTC just my amount of BTC

But i do believe people Will like to work with BTC cause of the endless benefits of it....
Always easy start , fast, cheap, super safe etc

[Last of the V8s]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

[HairyMaclairy]

time for a 5.1kg wrench attack

AirPods for scale

Mrs V8s wonders whether Mrs MacLairy possesses a hoover or similar device and whether she knows how to use it.

I assume this is a reference to the unmentionable black splodge. Which would require a particularly powerful Hoover.   Preferably one that can warp space time.  Given that the black splodge is the shadow of my arm and phone.

[Last of the V8s]

Apparently the whole carpet needs hoovering, not so much from dirt but for evenness and fluffiness. Perhaps you sent your maid back to Vietnam for the holidays and don't get too involved in these niceties.

[dandannn]

I would say that quote is bollocks.

How many people across the world own a piece of gold jewellery or a gold coin?

Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)

As much as I love bitcoin, got to agree with markj113 on this one.

There really is some nonsense writers on twitter

[HairyMaclairy]

I shan't argue with my betters.  Also, she's right.

[Last of the V8s]

Quite the rejection there at 3642

[BroFistCoin]

Okay so we have concluded that this was, like most of you believed, a bull trap.

The fear and greed index has reached to the extremes now!

My personal favorite chart is the 6M with daily candles:
https://bitcoincharts.com/charts/bitstampUSD#rg180zigDailyztgSzbgBza1gEMAzm1g10za2gEMAzm2g25zi1gMACDzi2gRSIzi3gSStoch

By the looks of it there's still some down movement to be expected.
Moving averages are crossing.
Price has moved in the middle of a sideways moving bollinger bands tunnel.
Pretty much everything is in the middle now.
MACD divergence is going lower and lower.

Is everyone just waiting?

When you change the daily to weekly it's insanely oversold. Especially the slow stochastic indicator.
On the weekly there is a doji after a huge drop followed by a bull candle.

I am not a professional trader but it looks to me that we can go lower to test $3000 again, but later in 2019 is where the real fun begins.

What do you think?

[Last of the V8s]

^ think you're far better at charting and interpretation than anything else you've shown on this forum

[Last of the V8s]

she's a silly moo

[El duderino_]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

And thats just the worst case scenario

[HairyMaclairy]

she's a silly moo

If dinner tastes of slightly bitter almonds, stop chewing.  

[Totscha]

she's a silly moo

If dinner tastes of slightly bitter almonds, stop chewing.  

Yeah, just swallow it immediately

[Last of the V8s]

look here my marriage is absolutely fine, i'm not even coughing up blood, i smoke like a chimney anyway so it's probably just that
and the burning is just ambition to be free from government
man

[mOgliE]

I would say that quote is bollocks.

How many people across the world own a piece of gold jewellery or a gold coin?

Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)

Completely agreed.

You can't on one hand be proud of the "1 million club" explicitely telling how centralized bitcoin is, and on the other hand saying that's it's more decentralized than gold.

Gold is everywhere, everyone owns a bit of it.
People own much more gold than cryptos on average I'd dare say.

And btw gold has a real world pragmatic usage, something that bitcoin doesn't.