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

[JayJuanGee]

........ we could easily have Bitcoin go to zero and be replaced if the US decided to ban it and sanction any countries using it. Regardless of what we would like to think about how Bitcoin don't care and it's a honey badger we are still in the real world. Luckily this is where big investors who have pull and sway in politics in all of the first world nation help us.

It's not our duty to fix the world, but we can be annoyed fuck faces are using it.

I doubt such a "go to zero" scenario would be as "easy" as you think.

There have been nocoiners on the fenceline for years because they believe that governments are going to be ready, willing and able to step in at some point.  Pretty BIG ASS assumptions, there.

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[JayJuanGee]

would not kill bitcoin even though likely to put a bit of a damper on it for a decent amount of time, if such price suppression could be achieved... Gonna need some sufficient negative news or really convincing FUD for that, me thinks.

Bitcoin was killed in the past several times but every time it came back strong. So we are not afraid to be killed again LOL

You seem to be quoting me out of context, which was my response to your seeming to wish for sub $1k BTC prices.  I find it problematic that you would be attempting to see some kind of preference for such a price move, even though it could happen, why would any of us HODLers have a preference for such?

[JayJuanGee]

Next bottom at $40k sounds reasonable

Yeah when high is a million

Don’t go retarded ...... +- 240K or something

Actually, you might be correct on this one micpeep.

a drop to $40k from $1million would be about a 96% price drop, and a drop to $40k from $240k would be around 83%. 

A 96% drop does not seem reasonable, especially as the BTC space continues to mature, unless some really crazy and unexpected event(s) happens.

[StartupAnalyst]

[JayJuanGee]

Next bottom at $40k sounds reasonable

Yeah when high is a million

Don’t go retarded ...... +- 240K or something

I'm expecting $50kish as the high, y'all expecting extremely gains run after run.

I will be ok just breaking the previous ATH. You guys are all way too bullish.

Guys, here, were not way too bullish in 2017.  Many guys were predicting $3k to $5k as the high price points, and $10k in some kind of outlandish scenario.  2017 Bitcoin prices left a vast majority of folks here, even the most pie in the sky bullish of them in the dust.

[BitcoinGirl.Club]

Analysts & experts say Bitcoin is in longest “bear market” in history

No �
BTC is in Grandular Cycle the likes the world has never seen. We are in Super Cycle 2 of 4 (2 settings & 4 Cycles). First bear market starts in 2025. This is only a blurb. Smile
Source: https://twitter.com/LandM_Marius/status/1091754260759425026/photo/1

Actually, you might be correct on this one micpeep.

a drop to $40k from $1million would be about a 96% price drop, and a drop to $40k from $240k would be around 83%. 

A 96% drop does not seem reasonable, especially as the BTC space continues to mature, unless some really crazy and unexpected event(s) happens.

It was a sarcasm LOL

[infofront]

Let me tell you a story about the 14/15 bear market. My wife was in her masters program at the time and I needed $5k for tuition. $5k then was 22 BTC. I was in between clients and wasn’t going to be paid for 3 months. So I sold the BTC right? Wrong. I sold my car. Got $6k for it.

https://twitter.com/americanhodl/status/1091192275554562048
^HERO?

The rest of the story is hilarious (and inspiring) too:



What are you willing to sacrifice this bear market in order to win?

[JayJuanGee]

  At the same time there are tens (or hundreds) of millions of people who can afford to buy at least 1 bitcoin but still are hesitant.

I think that it is safe to assert that there are billions of people who cannot afford to buy at least 1 bitcoin, especially since we have 7 billion people in the world, and especially since the number of liquid bitcoin is not very many. 

On the other hand, on an individual level almost anyone can afford to figure out a way to scramble enough resources to buy 1 bitcoin, even if they have to prostitute his/herself.  On the other hand, the more individuals that make such attempt to get their 1 bitcoin, the more difficult it becomes for others to accomplish. 

Accumulate your BTC secretly.  Don't tell anyone.  I am going to stop telling you WO readers that I am accumulating BTC.. hhahahahahahaha.  We are already out of the closet BTC accumulators, in this thread.

[VB1001]

It's Saturday, before going out to dinner, good time to drink Hendricks / Coca-Cola and listening to The Marshall Tucker Band, Album: Carolina Dreams / 1977
(Southern Rock)

https://www.youtube.com/watch?v=qfuM1w_28KY

Regards.

[StartupAnalyst]

[JayJuanGee]

Bitcoin going from $3,500 to $1,000,000 a lot less crazy than it getting to $3500 in the first place.

Never underestimate BTC.

And never over estimate.

Dear bull brother, for BTC to reach $1 million, means that the world has changed a lot. Fast.
I do hope you are referring to this parallel version of reality.
Also r0ach needs to get laid before that happens, even if the chances are to be raped by a group of people he dreadfully underestimated.

I know a mill is far from NOW

first we will follow HM price predictions, very happy if those come true

Not good to rely on a sorcerer - even if such sorcerer has a decent track record and has historically backed up his/her predictions well.

[kenzawak]

You gotta love dogs (this one's not mine)

[El duderino_]

via Imgflip Meme Generator

Dildo growing
Cheers WO’s ,Micg is getting wasted ..... still hoping to catch a white russian after dinner
Pretty far @the moment as well

*jbreher THX for the merit boost I was @zero AMMO, good timing *

Have a Fun saturday and let the green grow on

Gonna spare you Guys the food picks today

[JayJuanGee]

If we extrapolate the run from 200$ to 20 000$ in just 2 years... Comparing with 2016 the rise from the bottom was 5x, so we get a price of 15K$.

How did 100x turn into merely 5x?

The interesting part is whether the people will be afraid of another crash like in Dec 2017, when we reach 16-18K area (of course 10-12K will be the first major resistance).

Major resistance? I think it more likely that $10K-12K will be the strong signal for noobmoney to FOMO in.

Looks like 5x was the intermediate play of half way through the bull market price movement (the gradual rise), and 100x is looking at the full range of the exponential price growth period from bottom to top.

Although I will note that BTC prices did not reach any kind of comfortable 5x in 2016 (which would have been $1k as outlined by ivomm), and it was well into 2017 before there was any 5x comfort.

Agree with you, jbreher, that the FOMO at $10k to $12k might outweigh the resistance that will also likely be present at those price levels, if we ever get back there.

[El duderino_]

https://twitter.com/100trillionUSD/status/1091654077182820352

Thanks for updating the WO view of this chart. I like it. A lot.

I usually merit for lulz. But seeing as you are continually running dry...

My WO brother I always run dry cause of the many awesome people to reward or THX with merit in here
The problem now actualy is i’m running very dry, but on WINE

[JayJuanGee]

I usually merit for lulz. But seeing as you are continually running dry...

Even if true, that is a form of subtle (or not so subtle) merit begging... hahahahaha... I am running dry... Yeah, right...  

[JayJuanGee]

Another exchange going down, Coinpulse this time :

https://www.reddit.com/r/CryptoCurrency/comments/ameout/urgent_coinpulse_is_shutting_down_withdraw_your/

CoinPulse will suspend all trading and deposits from February 1, 2019. We will keep withdrawals open until February 7, 2019.

We are asking all users to withdraw all of their personal crypto assets off CoinPulse Exchange by end of the day on February 7, 2019 to avoid them being locked out during the suspension period.

On February 7, 2019, All CoinPulse Exchange services will be suspended until further notice. No withdrawals will be permitted after this date.

Wow... that is really short notice.  Gotta be alert and in touch if you have money on any exchange these days.

[bitebits]

Dan Morehead of Pantera Capital on Why This Crypto Winter Is Different (20 minute podcast)

https://unchainedpodcast.com/dan-morehead-of-pantera-capital-on-why-this-crypto-winter-is-different/

Dan Morehead, CEO of Pantera Capital, explains why this crypto bear market is different from the previous one his firm endured, what he believes will give institutional money the confidence to enter the space, and how Pantera’s investing approach has changed in this downturn. We also discuss what types of projects and companies Pantera is investing in, how regulatory uncertainty is affecting development of the space, and where innovation is happening. The answer may surprise you.

[realr0ach]

Finally, my Google news from general media is turning heavy bearish, and some friends started mocking me again for my btc investment (although with a lot of caution compared than before )
I think these are prerequisites for a bull run.

You must have a very short memory.  I think I was the only person on the forum posting anything bullish about bitcoin when it was $200.  The majority of bitcoin's existence has sentiment of despair and apathy.  What do you see right now?  A metric ton of dumbasses like Micgoossens posting lambo spam 24 hours a day.  The forum is like 99% bullish and 1% bearish lol.  

This might sound good if you have no idea how the bitcoin market works, but anyone that does knows bitcoin is a completely non-aggregate market controlled by a single entity operating on Bitfinex and trades solely as a pump and dump scam and nothing else.  The Bitfinex entity only attempts to raise the price if he can shake out everyone else first or if he believes there's someone to buy his pump at the top.  If the entire world is all-in on shitcoins just waiting to dump on him, the incentive to pump it doesn't exist.

[Aqualung89]

I do not believe too much news so drawn to this post I can say. Because usually all being unfounded. We have to wonder if what we know right now you need time to release too early for a decision Markets.