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

[d_eddie]

lol

anybody use WhatsApp?

If they really had privacy and security in their DNA, they'd make it open source already.

[HairyMaclairy]

If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought

Weekly RSI can go a lot higher for a lot longer.  We are at the red line.  



Guess what happened last time we crossed 77.5 on the weekly RSI?  We were at $8k and went to $19,666 before correcting... Look at the vertical red line...  Do you want to sell at $8k now and have the price go back up to the ATH before the RSI corrects?

[AlcoHoDL]

Well bitcoin is in a great moment, we’re all happy WO’s. I’m off to Budapest, Happy Birthday to me

Cheers gentlemen!

Happy birthday man!

Good times are coming and soon we'll all have some nice presents to play with...

Keep HoDLing WO's!

[Gyrsur]

Bitstamp adding Tether
https://twitter.com/WhalePanda/status/1128049374645428226

WhalePanda deleted the tweet?

[HairyMaclairy]

Bitstamp adding Tether
https://twitter.com/WhalePanda/status/1128049374645428226

WhalePanda deleted the tweet?

I guess it was wrong.  Sure as hell was surprising. 

[xhomerx10]

Well bitcoin is in a great moment, we’re all happy WO’s. I’m off to Budapest, Happy Birthday to me

Cheers gentlemen!

 Happy Birthday LFC!

[HairyMaclairy]

Please stop saying 'that's just semantics'.
Use words in their generally-agreed-upon fashion or not at all.

'When I use a word,' HairyMaclairy said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.'

'The question is,' said V8, 'whether you can make words mean so many different things.'

'The question is,' said HairyMaclairy, 'which is to be master — that's all.'

[serveria.com]

If you want long term indicators what about the 1 week RSI being at 77.5.  In the whole history of bitcoin it's never been that high without a major retrace.   6500 minimum.    As much as it looks buoyant right now that will not last too long.  It's massivly over brought based on lies atm

edit:  i meant over brought

Weekly RSI can go a lot higher for a lot longer.  We are at the red line.  



Guess what happened last time we crossed 77.5 on the weekly RSI?  We were at $8k and went to $19,666 before correcting... Look at the vertical red line...  Do you want to sell at $8k now and have the price go back up to the ATH before the RSI corrects?

In other words you have to be an idiot to sell now. FUDsters want you to do it but just ignore them...

[toknormal]

The rally may be about to move out of BTC and into alts. BTC is finally trading above its fairvalue price after being undervalued for months.

Meanwhile alts (apart from Litecoin) remain well below their's on market price:

[fillippone]

The rally may be about to move out of BTC and into alts. BTC is finally trading above its fairvalue price after being undervalued for months.

Meanwhile alts remain well below their's on market price:

Sorry, but that "fair value" smells like bullshit to me.
Discounted Cash Flow for Currencies makes no sense whatsoever.

My monthly rant about bitcoin is an ETH paper in comparison....

[toknormal]

Sorry, but that "fair value" smells like bullshit to me.

Feel free to make your case here.

That chart has had bitcoin at 8k for a couple of months. Well before any Youtuber pundit predicted it.

[fillippone]

Sorry, but that "fair value" smells like bullshit to me.

Feel free to make your case here.

That chart has had bitcoin at 8k for weeks. Well before any Youtuber pundit predicted it.

Diagonal read, I must admit: that makes no sense.
I will dig further into that, in any case.

[BTCMILLIONAIRE]

Please stop saying 'that's just semantics'.
Use words in their generally-agreed-upon fashion or not at all.

'When I use a word,' HairyMaclairy said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.'

'The question is,' said V8, 'whether you can make words mean so many different things.'

'The question is,' said HairyMaclairy, 'which is to be master — that's all.'

Technically using very words much same difference?

[toknormal]

the fair value of shitcoins is zero. null.
why would you advise bitcoiners to invest in scamcoins?

Although I appreciate the value of tribalism in a competitive environment, that is a very stupid comment if I may say so.

Bitcoin would be nowhere without "sh*coins" because they are the buttressing by which it survives. That "buttressing" provides hedging support, diversification, optimal access for new market participants and generally all round builds an industry in which bitcoin can consolidate roots.

Not least, alts are also a far more effective way of accumulating bitcoin than just buying bitcoin because at any given moment there's always one or more of them outperforming it for gain.

So all in all I wouldn't p*ss on the potato patch that you're growing in if I were you. (I also make the same case in reverse to sh*coin maximalists by the way - for the same reasons).

[siggy_77]

not quite there yet.. but will be nice to start seeing this on a daily basis again...

Top 20 days for Bitcoin

https://bitcointalk.org/index.php?topic=138109.1060

[ssmc2]

Longs down, shorts up, that's the way we like to....

[LFC_Bitcoin]

Thanks for all the kind birthday well wishes. This is my view from the hotel.

Opposite is Buda Castle which we’re seperated from by the River Danube.



$8,137 on Stamp - Things are really looking up.

[mindrust]

I just left work 3 hours early just to read WO and watch the charts without any disruptions.  

Recently saw this TA trending on TradingView:
https://www.tradingview.com/chart/XBTUSD/HWoBef73-BITCOIN-Bull-Market-Incoming-But-Not-Now/

"We will enter a Bull Market, BUT not when you think so. First let me tell you, why a Bull Market is under way."



Looks quite OK to me. If I can manage to grab some more from sub $6k, I will be a very happy man. Planning to get 1 more full coin while I can if we ever see those prices again. If not, will keep DCA'ing with whatever I got.

Are we being baited?

[fillippone]

the fair value of shitcoins is zero. null.
why would you advise bitcoiners to invest in scamcoins?

Although I appreciate the value of tribalism in a competitive environment, that is a very stupid comment if I may say so.

Bitcoin would be nowhere without "sh*coins" because they are the buttressing by which it survives. That "buttressing" provides hedging support, diversification, optimal access for new market participants and generally all round builds an industry in which bitcoin can consolidate roots.

Not least, alts are also a far more effective way of accumulating bitcoin than just buying bitcoin because at any given moment there's always one or more of them outperforming it for gain.

So all in all I wouldn't p*ss on the potato patch that you're growing in if I were you. (I also make the same case in reverse to sh*coin maximalists by the way - for the same reasons).

Totally disagree.

In ten years bitcoin value could be either zero, if BTC experiment fails, or in the hundred thousands dollars, if the BTC experiment succeeds (no need to say which one scenario I do believe in).
 
In ten years value of all present day altcoins will be zero in any case.

The reason why every present day are worthless is trivial and not even worth the time I will use to type.

Mark this WO message and see you in 10 years.
 

[toknormal]

In ten years value of all present day altcoins will be zero in any case.
The reason why every present day are worthless is trivial and not even worth the time I will use to type.

Mark this WO message and see you in 10 years.

No need to wait 10 years thanks. In case you weren't aware we already tested the scenario where bitcoin had a monopoly on digital assets.

An $80 Billion altcoin market was the result.