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

[jojo69]

We are used to it. Going back to $5k or even $3k at this point doesn't mean anything to me other than "cheap coins". We already survived it once, we can do it again.

If we drop to $3,000 I will honestly put every single penny I have into bitcoin. I’m already way too heavily (for most people) invested in bitcoin but I will put my emergency fiat stash into bitcoin (which I said I’d never do).

I hope you would.  I hope I would too.  But from experience I suspect we would be sick to our stomachs with fear.  It is astonishingly contagious at such times.

Let us hope that we muster the fortitude to take advantage of opportunities when they come.

[_javi_]

I'm already sick of reading WOs posting of such low prices.

As everybody is expecting BTC that low, i bet it will start climbing up any moment now..

go BTC go!

[Gyrsur]

Nobody was talking about BAKKT when the price was rising....

I don’t think BAKKT have had anything to do with any pump yet from this year....

For sure we spoke about Bakkt being a positive catalyst on the exiting from the crypto winter.
There was a lot of theories about bakkt launch, with mini-dump each time it got delayed..

Bakkt case would be a good explanation for this ups and downs after the plump to $3.2k and a fairly weighted price of $6k for BTC. real costs of production and number of all transactions did matter in the past even if we got exaggerations in both directions. cost of production will increase after halving and in the past it took some time to get an effect on the price. let's hope $6k will be the bottom even if we don't like it after the Bakkt rally and our wet dreams to be millionaires in no time.  

EDIT: there will be Options on the CME in Q1/2020 too. I hope they will have an effect of compensation to the Futures because you have both available in every mature high finance market. thought I have to learn about it more.

[JayJuanGee]

https://twitter.com/brink_thinker/status/1177543242415562754?s=21

Who feels like this while buyting the DIP??

hahahahahaaha

Even though I frequently (admittedly almost always) buy BTC dips that are greater than 10% (historically much smaller increments), I almost never feel like that illustration, except if the BTC price suddenly does a 10% or more bounce back after I had bought.

On the other hand, I do feel like the guy going down the rales and just hoping, hoping and hoping that nothing goes wrong because my balls (and other important body parts) are surely at play.

[ivomm]

The support at 7.5K looks pretty solid especially on Bitstamp - above 2K BTC need to be sold to get that low. It is unusually high. Typically on Bitstamp is needed 300-500 BTC to move the price by 5%. On CB it is 1.95K. And this hasn't changed since the first drop to 7.7K. May be the traders stopped selling because of this support. Now, if the bears decide to put pressure on this support, it will cost them a lot. And they risk a violent rebound above 10K, which will ruin their plan of a long suppressing of the price. What they hope is the support to dissolve itself and with much smaller sells to get there. Hopefully the bulls won't allow it. Next 7 days are critical.   I would give 75% chances that 7.7K was the last bottom and we will be recovering above 9k in the next week.

[Icygreen]

The truth is treason
To an empire of lies
Power in numbers

From my science side, I agree we need to stop trashing the planet. I don't want to breathe Asia's burnt chemical garbage into my lungs nor eat their plastic ocean waste whenever I want seafood. I think we all agree on this part.

Surely agreeable, I see most of the educated youth of SE Asia becoming sensitive to environmental issues along with great education programs/ initiatives, I have hope that things will change with this generation.

The haiku was inspired while realizing injustices served upon whistle blowers and journalists who report truths to the people about our overlords government but ya,   I guess it works on many levels.

Sentiment was something like this: We need each other desperately. A collective conscience among the people, power in numbers, Bitcoin enables this. Maybe

We need each other
Mans collective consciousness  
Power in numbers

Happy haiku Sunday
 

[JayJuanGee]

Humans are absolutely absymal at spotting real threats and great at spotting imaginary ones.

When the people in power spend your money they waste it on so many things that don't matter and neglect everything that does.



https://twitter.com/Dan_Jeffries1/status/1177555090363863040?s=20

The sad thing is I'm fated to end in the big leftmost orange circle with all the other boring people; that is unless I start taking some sort of statin and blood pressure medications. In which case I'll end up in the nice red cancer circle instead. Still boring.

How do people die from mental health illnesses if its not suicide?

Guess there's still time to walk into an industrial-size meat grinder believing its the arms of god.

Diet, sleep and exercise (in that order) are probably better than medications, in the long run.. but in the short term, the medications could help if you are not figuring out something meaningful and practical in the former.

[Biodom]

We are used to it. Going back to $5k or even $3k at this point doesn't mean anything to me other than "cheap coins". We already survived it once, we can do it again.

If we drop to $3,000 I will honestly put every single penny I have into bitcoin. I’m already way too heavily (for most people) invested in bitcoin but I will put my emergency fiat stash into bitcoin (which I said I’d never do).

I hope you would.  I hope I would too.  But from experience I suspect we would be sick to our stomachs with fear.  It is astonishingly contagious at such times.

Let us hope that we muster the fortitude to take advantage of opportunities when they come.

It's unlikely to happen...most people can't buy bottoms.
In 2014 I was buying as btc was declining, stopped at about $300, never bought at $150.
During 2018 decline I bought a little at 4K, did not buy any at 3K.
The problem with bottoms: you never know which one is the real one.
DCA or buying into rising market is the way to go for most people, IMHO.

[JayJuanGee]

There appears to be a bundle of evidence pointing to the fact that psychiatric drugs shorten life-span generally. Also and more specifically, neuroleptic malignant syndrome caused by antipsychotics, serotonin syndrome caused by antidepressants, etc., can be fatal. I'm guessing then that the deaths caused by mental illness can be attributed to the medications mentally ill people sometimes take. Side effects, if you will.
https://www.psychologytoday.com/ca/blog/science-isnt-golden/201109/full-disclosure-needed-about-psychiatric-drugs-shorten-life

I wonder mostly about your chosen image here, BMB.


Seems that you are trying to say something about "true" bitcoin believers?

Accordingly, does the chosen picture symbolize or depict any person (or avatar) that WO participants should know?

[JayJuanGee]

I don't know about you guys, but I'm about ready to see a $1000 USD dildo.

Yes.  A green one. Within 72 hours.

I am NOT going to take seriously any statement that is NOT confirmed.

So there!!!!!!!     


 

[JollyGood]

Is this the largest thread in the forum? Going back to 2013 and being over 25,000 pages long.

 

[Lauda]

Is this the largest thread in the forum? Going back to 2013 and being over 25,000 pages long.

 

Learn how to use the forum: https://bitcointalk.org/index.php?action=stats. The answer is yes. 

[JayJuanGee]

It's curious that all the people who claim to have all the answers refuse to share them. It wasn't like this pre-segwit.

This is why people are still arguing. Two years of insults and obfuscation does not constitute debate.

I never claimed to have all the answers, so I can't refuse to share them.

The debate is over and there's no going back. Just switch coins if you're upset about it. The solution is that simple.

The debate over a possible new attack vector is not over. If there is a practical reason for changing this bit of the protocol, why won't anyone talk about it?

Has a BIP been submitted on such "changing this bit of the protocol" in order that such BIP terms can be adequately considered and debated?  And if such change gets decent support in terms of discussion, then testing would need to take place regarding such change, too, right?

Vague references to a supposed problem (or need for change) comes off as sloppy at best, and possibly even trollish because it seems to imply a "problem" that might not even exist to any significant or meaningful practical level beyond mere theory.

[makrospex]

Maybe BTC can make it through todays downward channel, to the upside, or continues completing the short-timeframed descending triangle.
While writing this, BTC seems to remain within channel boundaries. I'll get a nap (or try to, at least).
I consider tomorrow's action to become interesting.

IMG removed. See next post.

[serveria.com]

Somehow the last few days remind me of early september 2018, when we were around $7.3k, and entered capitulation stage in mid december after going sideways at around $6k.
If this repeats, $6k wet dreams could become true. So i'll probably keep at least half of my fiat until feb 2020.

You seriously think we'll reach the bottom just 2 months before the halving? Call me a retarded permabull but I don't buy that, no way....

[makrospex]

You seriously think we'll reach the bottom just 2 months before the halving? Call me a retarded permabull but I don't buy that, no way....

We could, tho 
I never said we will 

[El duderino_]

Is this the largest thread in the forum? Going back to 2013 and being over 25,000 pages long.

 

A thread/page observer we have

[Raja_MBZ]

Is this the largest thread in the forum? Going back to 2013 and being over 25,000 pages long.

 

Forget this forum; I think this is the longest thread on the internet.

[HairyMaclairy]

I don't know about you guys, but I'm about ready to see a $1000 USD dildo.

Yes.  A green one. Within 72 hours.

I am NOT going to take seriously any statement that is NOT confirmed.

So there!!!!!!!     


 

Patience

[makrospex]

Nah, i was 5 minutes early...

We'll see where this ends.



Good night WO