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

[nutildah]

Starbucks Will Laugh if You Still Use Cash in 3 Years: Bitcoin Bull Draper

Great, just what I need, more condescension from the local hipster barista...

That's a damn impressive neckbeard. Wonder if he also listens to emo and waxes philosophical about socialism.

[1714241966]

1714241966

[JayJuanGee]

I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.

1) BTC price rises above $6k and stays there for at least two months

2) BTC price rises above $4.5k and stays there for at least six months

3) BTC price does not break below $3,320 for at least one year

Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?

First of all, Bitcoin is in a bull market since the beginning  in 2008-2009. For a truly bear market we can talk if the prices are lower 20% from the ATH after 10 years or more (this is the case with gold and silver, which are nearly 10 years much lower than the ATH - the so called "secular" bear market). What we have with Bitcoin is a partial case of a cyclical bear market that can last up to 4 years because of the halvings. The actual length of the cycles is much less than 4 years - so far 1 year tops. And even if we use the term "cyclical bear market" we won't be 100% correct, since the other conditions are not fulfilled: widespread pessimism and negative investor sentiment (which actually define the bear market). The reasons for the dips and crashes may be multiple (MtGox dump fear, fork fear, etc.). but are not relatable to the future of Bitcoin at all. What happened in 2015 and 2018 is the most common falling wedge pattern, which is part of the bull market: (https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal)

"The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. "


So, at some point this year, we will break out from the falling wedge pattern and resume the bull trend. All we need is more volume so the break out will be defended.

Agreed that we are overall in a bull market....

the bear or bull market labels can still be reasonably applied on shorter term BTC price direction probabilities.

[VB1001]

International Women's day

+1 WO sM for Bitstamp

[encycrypto]

A Multibillion-Dollar Cryptocurrency Based on ‘Lies’: US Arrests Alleged OneCoin Leader

https://www.coindesk.com/a-multibillion-dollar-cryptocurrency-based-on-lies-us-arrests-alleged-onecoin-leader

[kenzawak]

[Toxic2040]

International Women's day

+1 WO sM for Bitstamp

+1 WOsMerit for you sir..great minds...

----------

I am kinda anti anything when it comes to big businesses but I have to say that I do enjoy it when Google puts together something worthwhile, such as their tribute to International Women's Day.

All you misogynists should take the time to look through some of the incredible achievements that women have accomplished.

https://artsandculture.google.com/project/women-in-culture


**note to xhomerx   see!!  a pussyhat has ear thingies

[JimboToronto]

Good morning Bitcoinland.

Still edging up more or less sideways... currently $3894USD/$5233CAD (Bitcoinaverage).

The Bitcoin bull is under construction  

[JayJuanGee]

F*ck I'm not very good at these graphs but for some reason they look very bullish to me! 

They are, we have tested support levels & bounced back up each time. All points towards the bottom being already in & we’ll start to test higher resistance levels.

The same happened in 2015 after the Gox crash. We’re still in a period of sideways but expect to leave the valley of death behind & begin to chip away testing higher resistance points.

one thing that seems to be different between now and 2015, is that now there seems to be around 3x or 4x more participation in the WO thread.  There are few active participants from 2015 besides you and me LFC... but anyhow, I am not sure if it matters.  Of course, BTC is more popular and more adoption, so I doubt that we need to go through the same extreme of deserted WO thread, as we did in 2015 before we are ready to slowly migrate uppity, as you suggested could be our current price dynamics.

By the way the slow migration up will break at some point and cause some short term upwards explosions in price that end up crashing back down before we really know that we are really heading UP for good.

[JayJuanGee]

@VB1001 - When I started buying £100 bought nearly 1 whole bitcoin. Fast forward 5 years & imagine if we see that % increase in price in another 5 years. This is why you should never doubt yourself buying smaller amounts.

£100 worth of BTC now could be worth a shit load in 5 years. As I always say buy what you can afford to when you can afford to now & enjoy the profits in the future.

One day my friend all the patience will be rewarded.

I mentioned this several times before too.  I had some cash flow issues in 2015, and frequently in 2015, I would buy small amounts on a daily basis, even below $5 worth, just to stack away my buy for the day and some of those buys really added up... just imagine $30 would get you well over .1BTC.

  I know that currently some places will not allow you to make such low purchases, but I was able to make many low purchase amounts in 2015, and my point is that low amounts of purchases can add up and their value can become quite a lot more with the passage of time, too. 

hashtag Stacking satoshis.   

[Last of the V8s]

https://www.nextgov.com/emerging-tech/2019/03/us-marshals-want-help-disposing-virtual-currencies/155381/

Stored cryptocurrencies must be kept in a segregated digital wallet set aside specifically for the Marshals Service and must be safeguarded against “theft, human error, system failures and acts of God,” the documents state. The contractor must also be able to “brute force,” or be able to hack into, wallets that are “locked by error or technical difficulties,” enabling marshals to gain access no matter what happens.

On the disposal side, the winning vendor must be able to convert the digital currencies to physical money, either by exchanging directly to U.S. dollars, exchanging for more liquid virtual currencies and assets or through a sealed-bid auction. The contractor must also have a mechanism for returning seized assets to the original owners when required.

....

[realr0ach]

I am kinda anti anything when it comes to big businesses but I have to say that I do enjoy it when Google puts together something worthwhile, such as their tribute to International Women's Day.

All you misogynists should take the time to look through some of the incredible achievements that women have accomplished.

Happy wahmen's day.

[jojo69]

https://www.nextgov.com/emerging-tech/2019/03/us-marshals-want-help-disposing-virtual-currencies/155381/

Stored cryptocurrencies must be kept in a segregated digital wallet set aside specifically for the Marshals Service and must be safeguarded against “theft, human error, system failures and acts of God,” the documents state. The contractor must also be able to “brute force,” or be able to hack into, wallets that are “locked by error or technical difficulties,” enabling marshals to gain access no matter what happens.

On the disposal side, the winning vendor must be able to convert the digital currencies to physical money, either by exchanging directly to U.S. dollars, exchanging for more liquid virtual currencies and assets or through a sealed-bid auction. The contractor must also have a mechanism for returning seized assets to the original owners when required.

....

[BitcoinGirl.Club]

I had too much meat in a wedding party. Now feeling my stomach is going to explode LOL

[LFC_Bitcoin]

By the way the slow migration up will break at some point and cause some short term upwards explosions in price that end up crashing back down before we really know that we are really heading UP for good.

Jay, don’t you think it’s weird that the cycle seems to repeat itself. We’re following the same pattern from bear to bull markets. I feel like we’ve been here before which is because we have

I certainly won’t be complaining if we make the same kind of gains in price from 2014 Gox induced bear market to 2017 bull market in this cycle.

[realr0ach]

Good night WO’s

Your video game is terrible:

https://store.steampowered.com/app/1035300/cockroach_Planet_Survival/

[jojo69]

https://www.carper.senate.gov/public/_cache/files/5/0/508a6447-853f-4f41-85e8-1927641557f3/D5CFA4A0FC19997FF41FB3A5CE9EB6F7.equifax-report-3.6.19.pdf

In a Senate report, Equifax is accused of neglecting its own cybersecurity policies which ultimately led to the 2017 data breach that exposed personally identifiable information (PII) of 145 million Americans . The company's key Senior Managers didn't attend cybersecurity meetings and an audit identified a backlog of over 8,500 known vulnerabilities in its network. Over 1,000 of these were considered critical, high, or medium risks that were found on systems that could be accessed by individuals from outside of Equifax's information technology ("IT") networks.

The company instituted an "honor system" for patching its systems and didn't abide by its own patching policy that required the company's IT department to patch critical vulnerabilities within 48 hours. Equifax wasn't even sure of the network assets that it owned, so it was impossible for Equifax to know if vulnerabilities existed on its networks. When threats were announced by the U.S. government with the highest critical score possible; the company's security scans failed to identify the vulnerability. This is because the company lacked a comprehensive inventory of its IT assets. Equifax also allowed its SSL certificates to expire 8 months prior to the 2017 data breach which allowed hackers access to the network for 78 days undetected. Equifax waited six weeks before notifying the public of the breach.

Equifax's online dispute portal, the hackers also accessed other Equifax databases as they searched for other systems containing PII. They eventually found a data repository that also contained unencrypted usernames and passwords that allowed the hackers to access additional Equifax databases. The information accessed primarily included names, Social Security numbers, birth dates, addresses, and, in some instances, driver's license and credit card numbers.

The usernames and passwords the hackers found were saved on a file share by Equifax employees. Equifax told the Subcommittee that it decided to structure its networks this way due to its effort to support efficient business operations rather than security protocols. In addition, Equifax did not have basic tools in place to detect and identify changes to files, a protection which would have generated real-time alerts and detected the unauthorized changes the hackers were making.

[Bitcoinaire]

According to this chart, we are much further along in this cycle.


Altcoin Market Cap Trends


https://twitter.com/Beastlyorion/status/1104070434876620800

[Toxic2040]

ya ya..thats all fine and dandy but I know what you are all really thinking...



1h


3h

#stronghands'19

[serveria.com]

According to this chart, we are much further along in this cycle.


Altcoin Market Cap Trends


https://twitter.com/Beastlyorion/status/1104070434876620800

Well it seems that we're about to rally violently very very soon   I can see a leg up into 6k-10k area.

If your bags are still not full you better buy NOW! Can you feel it? It's a smell of a bear fear....

[BitcoinGirl.Club]

I had too much meat in a wedding party. Now feeling my stomach is going to explode LOL

Go into a food coma, wake up at a price change, it always happens to me on the holidays and the phone notification going off.

Taking bed rest while browsing in the forum.