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

[LFC_Bitcoin]

uh yeah wife sorry. baggage
thanks
38 years now this shit again
faulty specimen
should dump

Ahhh, don’t joke about it man, not good karma. My gf’s Dad had mouth cancer a couple of years ago. He’s ok now (well cancer free) but drinking & smoking himself into an early grave.

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[CryptoNeed]

Masterluc posted a ~3-month head and shoulder chart without any comment but a laugh.
On that chart, we're at the top of the right shoulder.

If the H&S scenario materialises, that would put us at a very healthy $6400. Buyers here would welcome such.

Having an eye on the rising wedge right now. H+S would be very much appreciated. 

[VB1001]

Baggage is ill again. wtf she needs those hideous old melons for idk
anyway lots of weeping and hospital visits. hideous expense. probably should just let her go idk
won't be here so much, lucky fellas.

I'm sorry to read this, I hope he recovers soon.

[El duderino_]

Any time it goes below $8k it jumps back shortly afterwards. I lost the count how many times his happened. The chart says it was 3 or 4 times. There is clearly a strong buy support. It is almost like the buyers know what's about to come.

And I don't only mean the halvening. Probably it is BAKKT we are seeing in action here.

I would like to see another $6k just to buy more but it is probably not coming. DCA'ing only.

Buy half your on BTC to spend FIAT now so if it go low you still have, if not you will not regret?

[D. Lerk]

Masterluc posted a 3-month head and shoulder chart without any comment but a laugh.
On that chart, we're at the top of the right shoulder.

Most head and shoulder charts are scam. Some get it right by pure coincidence (1mil predictions, 1 bound to be right). Ignore.

masterluc throws a lot of shit at the wall, some of it sticks but most of it doesn’t. His predictions are more hit than moss these days, I don’t know why he still gets the air time here.

For the sake of discussion, I guess. He gained his spotlight long time ago with one bold long term prediction that he got right. Since then, I think his utterances deserve a mention here. More so than, say, Vays's. I do agree he's been misfiring quite a lot lately, like 50/50 - which hints at randomness.

He had a stupendous 2013 (I think he was still "lucif" then): massively bullish against the wall of worry, calling the 4 figure figure top pretty much to the day, then declaring for a multi-year bear. All against the crowd and mocked, especially for the multi-year bear which we'd never had at that point.

Since then a bit meh. I figure his analysis must have been affected by the money he made, which would have gone a very long way in Ukraine.

[HairyMaclairy]

Sorry V8 and best wishes to your [much] better half

[ChinkyEyes]

Any time it goes below $8k it jumps back shortly afterwards. I lost the count how many times his happened. The chart says it was 3 or 4 times. There is clearly a strong buy support. It is almost like the buyers know what's about to come.

And I don't only mean the halvening. Probably it is BAKKT we are seeing in action here.

I would like to see another $6k just to buy more but it is probably not coming. DCA'ing only.

I decided last week to take a small gamble in order to gain a small amount of BTC, hoping we see a number around 6k ish. But instead I took the loss today as I don't see it happening anymore.

It might be BAKKT, it might be Globalcoin getting more interested parties.

https://www.coindesk.com/report-uber-paypal-visa-to-back-facebooks-globalcoin-cryptocurrency

BAKKT has microsoft and starbucks
Globalcoin has uber, paypal and visa
All are good for adoption and hype this cycle.

[LFC_Bitcoin]

Anybody here still mine?
Was half heartedly looking into it the other day, I suppose it’s not very profitable for a lone miner these days with UK electricity prices?

[ivomm]

Any time it goes below $8k it jumps back shortly afterwards. I lost the count how many times his happened. The chart says it was 3 or 4 times. There is clearly a strong buy support. It is almost like the buyers know what's about to come.

And I don't only mean the halvening. Probably it is BAKKT we are seeing in action here.

I would like to see another $6k just to buy more but it is probably not coming. DCA'ing only.

Yes, bakkt is a very good news, because it could be used by big investors to buy and hodl bitcoins with insurance. For me personally, this is huge, but bakkt still needs that custody approval. It may be obtained after the tests begin of course. And with regulated market with insured custody, ICE may apply for an ETF, which will have much bigger chance than CBOE's proposition. This is just a speculation of course. I am convinced that Bitcoin is heading for a new series of ATH's even without institutions involved.

Historically, every time a srong resistance is broken even by a little, a doubling follows, e.g. the $4200 resistance. I wouldn't be surprised if we see 16K in the coming months. I think the market is more mature compared to 2 years ago, and it doesn't respond to the news like before. The price is moving by the increased demand vs scarce quantity of coins offered on the exchanges. I've been trying to guess what that potential is, based on the strenght of the support during crashes/dips. I notice also that the volume on Bitstamp, Coinbase and Kraken is 4-5 times bigger than 1 year before. Of course, there are purely psychological levels that serve as a resistance: 9K-10K is one of them. The current ATH is another. But, if we ignore the psychology, I think the current market potential can support prices around 20K. And after the halving, it could reach 50K for sure, with a top above 100K. This is what we are waiting for, isn't it? Well, at least for the coming 2 years. Who knows, where we will be in 5,10 or more years.

[nikauforest]

Anybody here still mine?
Was half heartedly looking into it the other day, I suppose it’s not very profitable for a lone miner these days with UK electricity prices?

I still do. But mostly to generate heat for the house. Although I just moved to Australia so the summers it may not be a good idea. I have an S9 still running.

[ivomm]

Anybody here still mine?
Was half heartedly looking into it the other day, I suppose it’s not very profitable for a lone miner these days with UK electricity prices?

I continue to mine ETH and XMR with my new 13 cards rig. In Bulgaria the electricity is around 0.112 per kWh, so I have $100 profit per month. I have also 24 old cards, which are now not profitable. But half of my stash is thanks to the profit of mining in 2016-2018. I missed the big profit of ETH in 2017, and the BCH pump, since I sold it for only $200. I just so hate it that I couldn't stand it for a day in my portfolio. I am waiting for some pump of ETH/XMR to get 1BTC more.

P.S. And as the above comment suggests, I use for heating purposes my old rigs. During the winter I enjoy temps like 26C in my appartment  

[Globb0]

19. Bakku-shan (Japanese)
Or there's this Japanese slang term, which describes the experience of seeing a woman who appears pretty from behind but not from the front.

Good from far, far from good

Body from Baywatch face from Crimewatch

[LFC_Bitcoin]

Any time it goes below $8k it jumps back shortly afterwards. I lost the count how many times his happened. The chart says it was 3 or 4 times. There is clearly a strong buy support. It is almost like the buyers know what's about to come.

And I don't only mean the halvening. Probably it is BAKKT we are seeing in action here.

I would like to see another $6k just to buy more but it is probably not coming. DCA'ing only.

Yes, bakkt is a very good news, because it could be used by big investors to buy and hodl bitcoins with insurance. For me personally, this is huge, but bakkt still needs that custody approval. It may be obtained after the tests begin of course. And with regulated market with insured custody, ICE may apply for an ETF, which will have much bigger chance than CBOE's proposition. This is just a speculation of course. I am convinced that Bitcoin is heading for a new series of ATH's even without institutions involved.

Historically, every time a srong resistance is broken even by a little, a doubling follows, e.g. the $4200 resistance. I wouldn't be surprised if we see 16K in the coming months. I think the market is more mature compared to 2 years ago, and it doesn't respond to the news like before. The price is moving by the increased demand vs scarce quantity of coins offered on the exchanges. I've been trying to guess what that potential is, based on the strenght of the support during crashes/dips. I notice also that the volume on Bitstamp, Coinbase and Kraken is 4-5 times bigger than 1 year before. Of course, there are purely psychological levels that serve as a resistance: 9K-10K is one of them. The current ATH is another. But, if we ignore the psychology, I think the current market potential can support prices around 20K. And after the halving, it could reach 50K for sure, with a top above 100K. This is what we are waiting for, isn't it? Well, at least for the coming 2 years. Who knows, where we will be in 5,10 or more years.

@ivom - The difference will be during this cycle as opposed to the last one is that institutional money has now seen the kind of insane profits possible during a parabolic bitcoin bull run.

During the last cycle I doubt many institutions & large corporations profited due to being too scared to invest.

During the next parabolic bull run (likely 6-12 months after the halving) big players will jump in, this will have an even bigger positive impact on the price than last time.

It’s going to be insane.

The big boys are not going to miss out this time.

[kurious]

Sorry to hear the news, V8 - hope you both come through it ok.

[Wekkel]

It’s going to be insane..

This. There will be a time again that it does not matter where you have your bets, as long as you’re in.

Greatest Wealth Transfer Ever.

[JSRAW]

...

Sorry to hear that bro, You and Mrs v8 are in my thoughts and be strong.

[sirazimuth]

Anybody here still mine?
Was half heartedly looking into it the other day, I suppose it’s not very profitable for a lone miner these days with UK electricity prices?

I mine like one Grin coin per week.Not for profit, mind you.
I just like making those little black command line windows.
Makes me feel like a smartass computer geek, when in reality,
 I don’t have a frikkin clue.....

[realr0ach]

Last of the V8 and his pump and dump scam lies dumpstered as usual:

Nice, Last of the V8s from the Popescu cult who pretends to be the ruler and dictator of Bitcoin made a thread about me.  Yes, we are all aware virtually nobody on the entire planet speaks in such a delusional, self-felatiating manner as the Popescu cult and it's members, but the fact is you are nobodies with no power over anything, and virtually none of the text material put out by the Popescu cult is even based in objective reality.  It's grandiose jibberish from a textbook example of some type of narcissist insane asylum.

But while we're on the subject of objective vs subjective, here's a dose of objective reality for you that you're going to claim is subjective when it's not:

Only idiots support digital currency over physical metals.  Why?  Because governments can and have been forced to use metals as their unit of account, which acts as a governor on fiscal recklessness and tyranny.  Is it even possible to force governments to use Bitcoin at all?  No.  Since digital shitcoins have no Schelling point, government will simply 'print' up their own digital shitcoin instead to maximize seigniorage fee they extract from their citizens slaves.

Due to digital shitcoins being entirely artificial, Keynesian constructs with no Schelling point, there is no way possible to stop government from doing this.  Government cannot just 'print' up a new gold or silver, though.  In the end, shilling for completely artificial, Keynesian, digital Ponzi tokens will accomplish absolutely nothing besides giving credence to the cashless society, government tracking and slavery token the state wants to create and impose on you.  Casting a vote for any artificial, digital token is simply empowering the state.

[P_Shep]

19. Bakku-shan (Japanese)
Or there's this Japanese slang term, which describes the experience of seeing a woman who appears pretty from behind but not from the front.

Good from far, far from good

Body from Baywatch face from Crimewatch

Low resolution fox.

[LFC_Bitcoin]

$8,357 on Stamp

Early weekend, about to break out?