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Question: Is this the last time Bitcoin will be below $9,000?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21715947 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. (147 posts by 36 users deleted.)
xhomerx10
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May 14, 2019, 12:12:25 PM

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

Cheers gentlemen!





 Happy Birthday LFC!
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HairyMaclairy
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May 14, 2019, 12:19:03 PM

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.'
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May 14, 2019, 12:40:05 PM

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 Cheesy

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...
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May 14, 2019, 12:41:26 PM


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
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May 14, 2019, 12:45:01 PM
Merited by JayJuanGee (1)


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....

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May 14, 2019, 12:46:49 PM
Last edit: May 14, 2019, 01:02:37 PM by 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
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May 14, 2019, 12:51:56 PM


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.
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May 14, 2019, 01:07:46 PM

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?
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May 14, 2019, 01:26:57 PM


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).
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May 14, 2019, 01:28:03 PM
Merited by JayJuanGee (1), 600watt (1)

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


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May 14, 2019, 01:35:27 PM

Longs down, shorts up, that's the way we like to....
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May 14, 2019, 01:36:23 PM

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.
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May 14, 2019, 01:43:02 PM
Last edit: May 14, 2019, 01:58:33 PM by mindrust
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I just left work 3 hours early just to read WO and watch the charts without any disruptions.  Grin

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?
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May 14, 2019, 01:43:16 PM
Merited by 600watt (1)


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.
 
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May 14, 2019, 01:59:48 PM


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.
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May 14, 2019, 02:00:09 PM

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

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.

What a coincidence that 99% of TAs posted here show DOWN as the next move? Weird isn't it? At $3k there was a move down to $1500 and then up to $5k then at $4k they posted TAs with next move as down to $2500 and then up to $6000, at $6k they wanted us to believe we're going back to $4k and so on... now at $8500 these graphs again are pointed down to $6000 but I somehow think isn't not gonna be the case.  Grin

PLEASE PLEASE PLEASE FUDSTERS DON'T POST THIS BULLCRAP ANYMORE!!!  Cool

P.S. And there's no such thing as "incoming bull market" because we're months deep into BULLS MARKET already...
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May 14, 2019, 02:05:07 PM


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.
0- 80B - 0 Is the full trajectory.
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May 14, 2019, 02:06:11 PM


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.
0- 80B - 0 Is the full trajectory.


If you say so.
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May 14, 2019, 02:06:27 PM


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.
Usage of altcoins are less but increase in the price of bitcoin tends to new projects were launched and also find many investors so they will hold their tokens as an assets so it might have value.
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May 14, 2019, 02:07:21 PM


What a coincidence that 99% of TAs posted here show DOWN as the next move? Weird isn't it? At $3k there was a move down to $1500 and then up to $5k then at $4k they posted TAs with next move as down to $2500 and then up to $6000, at $6k they wanted us to believe we're going back to $4k and so on... now at $8500 these graphs again are pointed down to $6000 but I somehow think isn't not gonna be the case.  Grin

PLEASE PLEASE PLEASE FUDSTERS DON'T POST THIS BULLCRAP ANYMORE!!!  Cool

P.S. And there's no such thing as "incoming bull market" because we're months deep into BULLS MARKET already...

Calm down kiddo.

What's wrong with you, do you think this can reach $100k in a week without any corrections? (if nobody sells, it can but unlikely Grin)

Everybody can post whatever they like. That's not FUD first get your facts straight.

We are all excited, but no need to be stupid. My last 2 posts were showing $50k and $80k when I post a correction chart suddenly I became a FUDder. I find your behaviour very childish for a long time. I guess I'll just ignore you.

Fckin kids. Didn't know there were 15 year olds around. Sorry.
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