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

[El duderino_]

Never did like Waiting for Godot. Too much clever-clever, not enough nudity.

But sleepy-sleepy

HODL-HODL

Nest-Nest

Good night Wall observers ...... f*** I gotta sleep but realize next 24hours are critical

[rebal15]

Never did like Waiting for Godot. Too much clever-clever, not enough nudity.

Added to database

[Toxic2040]

-------

Trending upwards and over $8k as we head into the last two hours of trading for the week.

1h

#stronghands'19

[Last of the V8s]

sleep well-well good Goose

[JayJuanGee]

Probably the odds of an ETF approval any time soon, in the coming months or even this year are pretty low.

It seems that the hands of the SEC is going to need to be forced before approval takes place, and if there is some kind of feeling that they are being forced, even by potential competition of some other jurisdiction getting "in" first, then under those circumstances they might approve an ETF.

...

IMO the last thing BTC needs is an ETF.  If and when it comes it could be the end of the bull run, like the futures in 2017. Better to keep the uncertainty going for as long as possible.

The trend is becoming better established now . The recent test of 6200 was a positive sign, as I predicted here :

https://bitcointalk.org/index.php?topic=178336.msg51004585#msg51004585

I guess that I was attempting to make a descriptive rather than a prescriptive statement, yet I agree with you that this might NOT exactly be good timing for an ETF... yet, what does it matter what any of us think about what is good or not good for bitcoin. 

Part of the building upon decentralized is that anyone can build anything that they want, including if some folks believe that an ETF would be good for themselves or whatever.  In other words, an ETF is likely to come sooner  or later and it might not be easy, exactly, to know when it will come - even though my current senses are that no kind of ETF rolling out or approval is "imminent" in the coming months, and I would actually be surprised if any kind of meaningful ETF came to bitcoin any time before late 2020.... but you never know.. including the fact that sometimes rogue actors might believe that expediting an ETF might work to their own interest - whether or not it is good for bitcoin.

Regarding the dip to $6,200 on Bitstamp.. yes I would agree that technically the BTC price dipped down to $6,178 on Bitstamp, but surely that was a spike of only a few minutes and not even reflected on various other exchanges, so in that regard, the true overall dip of this particular correction would be more accurately measured as $6,880-ish .. but yeah, technically you are correct about $6,200 being the correction dip even though that was a weird kind of aberration of an effervescent flash crash (I know, I know, my hyperbole).

[UnDerDoG81]

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

[HairyMaclairy]

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

No you lost a fortune by not selling at over 0.15 BTC.

[Sellman]

Bitcoin moves up and down as a ladder-pattern. Once again, Bitcoin fastly moves above $8000 after its correction to below $7000 days ago. What's next station for bitcoin during this bull run? I guess that in best scenario, when bitcoin gets enough support and momentum, it might moves up around 20 percent from its current price. That means bitcoin might reach somewhere around $9600 or even higher a little bit. Retest the resistance around $10000, why not?

[sirazimuth]

Haven't watched commercial tv for eons...but I think I'll watch "60 Minutes" tonight.

[JayJuanGee]

A wild theory: btc is being held below 8K so Van Eck ETF would be slightly below $200000/share once approved.
This would allow a nice appreciation from the get go to exceed the stock market price flagship (BRK-A) at $306355.
Nah...I don't really believe this, but I do think that the approval or move toward approval is 50:50 this time around (at least definitely higher than 10:90).

I think that it is higher than 10:90 too, but 50:50?  Do you really believe that is the approval likelihood?  And if a large number of others believe that the probability that the odds, this time, are 50:50, then that would give further explanation to BTC's current bullish posture... Personally, I don't believe that people (let's say "smart money") believes that an ETF has anywhere near 50:50 odds of approval...,, even if they believe the odds are becoming higher than 10:90.

[El duderino_]

Haven't watched commercial tv for eons...but I think I'll watch "60 Minutes" tonight.

Damn I can only see GOT tomorrow F*** disconnect news, twitter etc in the morning

[JayJuanGee]

I think we need more consolidation in the 8k area now, than we had in 2017.

It would not be a problem if it go sidelines for some days.

“Days” lol

What is your theory, rjclarke?

You think that we are too overheated for "days" long consolidation?   

That is my sense. 

I am thinking that we cannot really stick around here exactly unless we go up and come back down or go down and come back up.

In other words, the way that we got here (into the $7,800 to $8,200 range), just does not feel solid enough.

[JayJuanGee]

Congrats... 3 or 4 obvious trolls / alt accounts of roach

I disagree about those new accounts being roach alts.

Wasn't me.  Doesn't even sound anything like me.  Probably John McAfee.

Yeah.  I've noticed, too that you are a smarter kind of retard.  




By the way, just for your information, even if you are a "smarter retard,", you are still retarded.  Go figure?    

[rebal15]

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

Yes, we can
https://www.coindesk.com/coinlabs-mt-gox-claim-may-hold-up-payouts-for-another-2-years
"Coinlab’s claim"
Bitcoin gold is also a fork of Bitcoin but ....

[BitcoinNewsMagazine]

Bitcoin moves up and down as a ladder-pattern. Once again, Bitcoin fastly moves above $8000 after its correction to below $7000 days ago. What's next station for bitcoin during this bull run? I guess that in best scenario, when bitcoin gets enough support and momentum, it might moves up around 20 percent from its current price. That means bitcoin might reach somewhere around $9600 or even higher a little bit. Retest the resistance around $10000, why not?

$8600 is the tipping point of the see saw ... if we break through $8600 we can easily see $10K. If we can't push through $8600 I think a retest of $6000 is looking likely.

[Last of the V8s]

Starting to think these ETF rumors for the May 21st approval might be real. More and more its starting to feel like insiders are buying bc they really know something we dont. ETF please and pamp it please!

Do you think so?
I dunno, the SEC seem to hate the idea of a bitcoin ETF, every single attempt so far has been basically told to fuck off.

I don’t think so but I’d LOVE to be wrong on this. I think a bitcoin ETF would take us to a new ATH this year.

yeah i highly doubt we get etf on 21st, but my suspicion of insiders buying on info we dont have makes me wonder that something is up.......

worth having some madly high/low orders anyways

[Biodom]

A wild theory: btc is being held below 8K so Van Eck ETF would be slightly below $200000/share once approved.
This would allow a nice appreciation from the get go to exceed the stock market price flagship (BRK-A) at $306355.
Nah...I don't really believe this, but I do think that the approval or move toward approval is 50:50 this time around (at least definitely higher than 10:90).

I think that it is higher than 10:90 too, but 50:50?  Do you really believe that is the approval likelihood?  And if a large number of others believe that the probability that the odds, this time, are 50:50, then that would give further explanation to BTC's current bullish posture... Personally, I don't believe that people (let's say "smart money") believes that an ETF has anywhere near 50:50 odds of approval...,, even if they believe the odds are becoming higher than 10:90.

Some unknown, but substantial probability, hence we popped 1000 points straight up as we approach the date.
If not, i can see us losing 500-800 points easily.
I wouldn't suggest going 100X or even 5X in any direction, lol.

[rebal15]

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

Yes, we can
https://www.coindesk.com/coinlabs-mt-gox-claim-may-hold-up-payouts-for-another-2-years
"Coinlab’s claim"
Bitcoin gold is also a fork of Bitcoin but ....

The fuck does that have to do with Bcash going to 4k?

https://www.coindesk.com/mt-gox-has-sold-170-million-in-btc-and-bch-since-march
Have they sold all BCH or not?

[HairyMaclairy]

[JayJuanGee]

Congrats... 3 or 4 obvious trolls / alt accounts of roach and... you, the only one being serious here and meaning what he says. I guess that makes you the village idiot.

I disagree about those new accounts being roach alts. It's probably just emulation.
I do agree about the village idiot bit, though.

While I disagree with roach in regards to bitcoin being a scam, I do enjoy alternate perspectives. How can you learn anything by simply ignoring someone you don’t agree with? Sounds like a fair few liberals in here who get triggered.

I do agree with roachs view on women and I worry for microgoosens future with a woman who has had such a promiscuous past.

If you had not noticed, you are new to this thread... as far as your (2) post count is concerned.

Maybe you could at least build some on-topic credibility before chiming in about off-topic irrelevant bullshit?

You seemed to have heard about this lil thingie-ma-jiggie called bitcoin, and maybe you lose additional credibility if you believe that roach has any insight into bitcoin... especially since he seems to be  no coiner since about $700  -evn though from time to time he also tries to hang with the gang, by making some retroactive assertions that he had owned some bitcoins at prices above $700, which is also highly doubtful.

Regarding bitcoin being a scam, I might be afraid to ask about your likely ill-informed thoughts about that?   Are you getting bitcoin mixed up with shitcoins?  Do you realize that there is a difference?  Do you actually understand what bitcoin is? Or are you as wilfully ignorant about bitcoin as the roach that you want to defend seems to be?

 See BTC's current price movement, as I type, seems to be surpassing $8,200  - bullish?  No?    You think that it is a bulltrap?   

If you are coming out swinging about defending roach and spouting out other irrelevances, I really doubt that you have anything meaningful to say about bitcoin, but surely if you can back up what you say, I am more than willing to be proven wrong.  I am willing to give troll/shills at least one chance to recoup from their bad first impressions, which is your current tentative category.