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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25871235 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. (170 posts by 5 users with 9 merit deleted.)
Toxic2040
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May 05, 2019, 11:11:43 PM

I wonder at people who think bitcoin is just going to follow some tame left to right path prediction. The cat is out of the bag now and it shan't be put back.



1 hour until the weekly close.  #dyor
D

#stronghands'19
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Retina
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May 05, 2019, 11:25:41 PM
Merited by El duderino_ (1), Toxic2040 (1)

Into early HODLsleep, followed by early gritt-cardio work out...

I do categories myself among the big balls members and i’ll Put those balls @rest for the night.

^
Two of my dogs got 3 of those besides the little one, and this Black badboy is in his restplace (sleep-zone) as well Cheesy



me with my Dog something like same waiting for pump next level.
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May 05, 2019, 11:45:41 PM



me with my Dog something like same waiting for pump next level.

I have this thing against most humans...pretentious dog'owners' especially..   This human seems ok however..its letting you drool on their arm.

+1 WOsMerit  
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May 05, 2019, 11:56:29 PM

Why does it appear the Bull market has started much sooner? In 2015 the accumulation lasted for 9 months, this time it appears it only last 5 months.

Perhaps its because everyone anticipated it to last 9 months? the same way many anticipated the bear market to last longer than 2015 and to reach $2,500, which it didnt.....However you see Bitcoin rallied in 2015 from $160 to $500.....if that were to happen again we would see a rally to somewhere between $8,000-$10,000 before retesting $6000 one last time.

Of course, a lot of people have been overlaying the 2014 to 2015 bear market with this particular bear market - and the recovery dynamics, too. 

The comparisons continue to be quite strong, but any half intelligent person should NOT expect the patterns to play out exactly the same, and even attempting to predict price ranges might still result in bad calls.

Personally, I believe that the passage of time, and even the whole two year period that it took bitcoin to rise from 2015 to 2017 could cause some differing dynamics from the two shorter upward bursts in 2013 that still, even if combined, only took about a year to play out the upwards portion.

Of course, some folks have also written off the larger presence of altcoins, ICOs and creative hardfork dilution attempts as irrelevant contributions, which may in the end be true -even while at the same time the money going into those various distractions could still cause our next UP bubble to play out in a way that is different from previous bubbles - even while I still am NOT going to be surprised to go up to experience a whole hell-of-a lot of corrections of 30% or more between now and $20k... and then even experiencing several more (whole hell-of-a-lot) of corrections of 30% or more between $20k and our next ATH - which has decent chances of being anywhere between $50k and $350k within the 2.5 years-ish.
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May 05, 2019, 11:57:17 PM



me with my Dog something like same waiting for pump next level.

I have this thing against most humans...pretentious dog'owners' especially..   This human seems ok however..its letting you drool on their arm.

+1 WOsMerit  

Thanks Some people do not like me because I love dogs, But I do not love all dogs  Smiley I love them only, I can control them I think a good dog can make a lot of work easier.
Love Dog.
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May 06, 2019, 12:18:53 AM

When we refer to ATH or other price dynamics, we refer to Bitstamp, here, unless we are trying to point out something specific about some other exchange.

So, in that regard, our ATH for 2019 has so far only gotten to $5,846. 

We cannot be referring to other exchanges with other ATH BTC prices, merely because it makes us feel better because there is a higher number or a lower number or anything like that.  We gotta stick to our guns during good times or bad times or whatever, and use Bitstamp as our reference price, unless there is some kind of convincing longer term development that shows us that Bitstamp is either no longer reliable as an price indicator, or some better price indicator proves itself to be better (likely with passage of time, rather than short term claims of serving as a more reliable indicator).

How about bitcoinaverage? Or preev? (which uses the average of bitstamp and kraken by default) ... Or one of the index made by other sites, like gemini or coindesk ...
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May 06, 2019, 12:50:04 AM
Merited by suchmoon (4)

There is no smoking gun..no glaring flaw that screams buy or sell. Bitcoin is doing what it what likes as usual. That trend lately has been upwards and sideways. It might continue doing just that. 

If I was to hazard a guess I would say sideways consolidation with increasing volatility over the next few days as Bulls muster forces for an assault on $6k+   

Bears are still circling looking for weaknesses and a chance at sub $5.4k prices again so its advised that you keep your head on a swivel.  #dyor

1h


4h


D


W

#stronghands
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May 06, 2019, 01:27:24 AM

Monday coming early?
JayJuanGee
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May 06, 2019, 01:44:56 AM

When we refer to ATH or other price dynamics, we refer to Bitstamp, here, unless we are trying to point out something specific about some other exchange.

So, in that regard, our ATH for 2019 has so far only gotten to $5,846. 

We cannot be referring to other exchanges with other ATH BTC prices, merely because it makes us feel better because there is a higher number or a lower number or anything like that.  We gotta stick to our guns during good times or bad times or whatever, and use Bitstamp as our reference price, unless there is some kind of convincing longer term development that shows us that Bitstamp is either no longer reliable as an price indicator, or some better price indicator proves itself to be better (likely with passage of time, rather than short term claims of serving as a more reliable indicator).

How about bitcoinaverage? Or preev? (which uses the average of bitstamp and kraken by default) ... Or one of the index made by other sites, like gemini or coindesk ...


Perhaps, some day in the future, in this thread, we will move over to one of those... but currently, bitstamp seems to have served as a decent indicator regarding where bitcoin is at...
JayJuanGee
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May 06, 2019, 01:46:31 AM

Monday coming early?

Weekly candle has closed... so, there is that, too.
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May 06, 2019, 02:27:14 AM

^
LOL, in 2019, I'm talking about the highest price of the year, so far and I hope to see it higher in December. Cool

When we refer to ATH or other price dynamics, we refer to Bitstamp, here, unless we are trying to point out something specific about some other exchange.

So, in that regard, our ATH for 2019 has so far only gotten to $5,846. 

We cannot be referring to other exchanges with other ATH BTC prices, merely because it makes us feel better because there is a higher number or a lower number or anything like that.  We gotta stick to our guns during good times or bad times or whatever, and use Bitstamp as our reference price, unless there is some kind of convincing longer term development that shows us that Bitstamp is either no longer reliable as an price indicator, or some better price indicator proves itself to be better (likely with passage of time, rather than short term claims of serving as a more reliable indicator).


ATH - ALL TIME HIGH is currently $19,666 on Bitstamp
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May 06, 2019, 02:59:06 AM
Merited by vapourminer (1)


You make some decent arguments here and there when you're not going on and on about Jews or PMs, so it really puzzles me how you fail to understand that metals are going the way of the dodo a generation or two down the road. Except that dodos will be brought back at some point.
I think his persona is actually a piece of work. My wildest and most likely guess is he's a mid-upper class urban jew.

1 He's familiar with relatively obscure details of (((their))) lifestyle/culture and successfully uses his knowledge as a counterfeit "I know my enemy".

2 His level of understanding in certain technical fields is higher than usually shows. What he writes up is not always google soup.

3 He feigns obtuse insensitivity by the use of repetitive patterns, successfully evoking schizoid psychosis.

1 suggests "Jew". 2 suggests middle/upper class education. 3. suggests sophisticated character management, at least at the cliché level.

I wager he often laughs when reading or posting.

Quote
And in the short-term Bitcoin clearly has the superior expected value even without riding the waves up and down.

Also, you keep running the same talking points. Bitcoin is not a permissioned ledger. You are free to process and broadcast your own transactions or employ any number of the payment processors/accelerators.

He knows it and does have some coin for sure. Probably not as much as he'd like: always hungry for more, you know the type. Don't forget (((who))) he actually is.

Undeniably effective. He's one of the first participants I noticed and focused on when I came here as a newbie around 2013.

Roach, as in Mr. Samsa, hm? I guess he was a jew, too, as was Franz K.

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May 06, 2019, 03:19:10 AM
Merited by bones261 (2), Dunkelheit667 (1)

A change of pace is needed for me perhaps..I can feel it coming. Plan on doing a couple of sections of the PCT again this year. With weather improving maybe I will get a early start.

In the mean time lets switch things around somewhat. Instead of me doing all the finger wiggling, how about some of you take a stab at annotating this monthly chart.

You tell me what you see while I crack open a beer.



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May 06, 2019, 03:23:17 AM

UnknownHolder has it right. ATH = All Time High, as in forever.    The "high price this year"? That should be a different acronym, but not an ATH.
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May 06, 2019, 03:24:05 AM
Merited by xhomerx10 (1)

Hello higher highs.
Goodby obnoxious prices.
Finally sober!

Now you're getting about half of them crispy and tasty!

(I got recharged only 2 sM so must use wisely.)
 +1 WOsMerit.


Anyway that's it for today. Sorry if those pics took a lot of space here.

 Wow kenzawak, that was an awesome tour.  I feel like I've done Tokyo over coffee Smiley  Thanks so much.  Merits when I get some Wink

You're covered! Merited.
(Only 1 left so use very wisely.)

(EDIT Hm, it looks like xhomerx10 and others already rewarded the post generously. Could have merited micg instead. Well whatever.)
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May 06, 2019, 03:30:14 AM

UnknownHolder has it right. ATH = All Time High, as in forever.    The "high price this year"? That should be a different acronym, but not an ATH.

YTD (Year To Date) is the acronym you're looking for.
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May 06, 2019, 03:36:43 AM
Last edit: May 06, 2019, 04:21:08 AM by d_eddie

Your jaded because you were the first of the council to die in the great war. Undecided
What a way to die with a knife in the back saving samwell the coward.

No way Sam is a coward. He's a goofy ball of lard and not the most willing to engage, sure, but to each his own. He pulled off a few noteworthy stunts within and without the Watch. Don't touch my boy.
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May 06, 2019, 03:48:01 AM
Merited by VB1001 (1)

Enough room for growth.

But Bitcoin can be used for more purposes than just a ''store of value''.

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May 06, 2019, 04:11:49 AM
Last edit: May 06, 2019, 04:23:08 AM by d_eddie

Disclosure about my recent trading.

Bart up ~500$ paid my long very well, but I started shorting a bit too early, and profits more than vanished. Had to scalp my way up. The latest down movement (smaller) put me back on track, so overall I'm back into green.

Now I can either

(a) cash out pennies
(b) put a stop loss on the short (losing pennies on the up)
(c) open a long, ready to let it go at a loss provided the short improves.

I'm taking (c). If we go UP, my net position stays as it is. If we go DOWN, I'll let the long go at a loss a bit at a time, and pay a little penalty indeed, but as we go back to the low 5k's, I'm even better off than now.

I tried to set myself up in such a situation, and I more or less managed. This feels good, and it's not just about the extra corn I make. Of course some luck was involved, but less of it than I used to think as a newbie trader.

My fiat can be used to buy a little moar on this nice dip. It all adds up.
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May 06, 2019, 04:28:08 AM

Hello higher highs.
Goodby obnoxious prices.
Finally sober!

Now you're getting about half of them crispy and tasty!

(I got recharged only 2 sM so must use wisely.)
 +1 WOsMerit.


Anyway that's it for today. Sorry if those pics took a lot of space here.

 Wow kenzawak, that was an awesome tour.  I feel like I've done Tokyo over coffee Smiley  Thanks so much.  Merits when I get some Wink

You're covered! Merited.
(Only 1 left so use very wisely.)

(EDIT Hm, it looks like xhomerx10 and others already rewarded the post generously. Could have merited micg instead. Well whatever.)

 Thanks d_eddie!  Just gave my last one to you for looking after me Smiley
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