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

[ChartBuddy]

Coin
Explanation

[Tzupy]

You know what I wonder: with all these guys with all this money at stake, you'd think they would pay some anti-NLC types to defend the reputation of their investment. Why aren't there more everything is rainbows trolls?

There are still plenty of permabulls starting the moontalk every minor uptrend.
If you want to see a possibly paid "anti-NLC" I suggest to look at this guy posting his "technical analysis" on tradingview:
https://www.tradingview.com/u/user100000/

[Wandererfromthenorth]

You know what I wonder: with all these guys with all this money at stake, you'd think they would pay some anti-NLC types to defend the reputation of their investment. Why aren't there more everything is rainbows trolls?

There are still plenty of permabulls starting the moontalk every minor uptrend.
If you want to see a possibly paid "anti-NLC" I suggest to look at this guy posting his "technical analysis" on tradingview:
https://www.tradingview.com/u/user100000/

That guy

lol


Every single chart he posted is a "LONG" one...
That's what you call a permabull I guess 

[publicjud]

If you wanna give me even moar coinz, go ahead. I'm patient and not over-leveraged. The lower it goes, the more buying power I have.

no, stupid fuck.

your buying power will be the same, you will just buy more coins.

My ability to buy coinz will increase, even if the amount of fiat I have to spend remains constant. I'm pretty sure you'll run out of coinz to sell before I run out of fiat, unless I get fired I suppose.

Chinese megaminers have plenty of coins to dump, don't worry about that  

um, no. All miners everywhere have only 3600 coins/day to dump, excluding stockpiles. How much stockpiles are left after a 15 MONTH BEAR MARKET is unknown, but the number is surely much smaller than in the past. at $225/BTC, that's only $810,000 dollars bulls have to pony up to keep prices stable. At ~five million unique wallets, just over 16% of which have to contribute ONE DOLLAR A DAY TO HOLD THIS PRICE LEVEL. That may not happen, but are you willing to bet on it?

some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned?

Stop fantasizing, sub $220 soon

sub $220 today doesn't really matter.  The COIN ETF is what is going to change the landscape....

[BlindMayorBitcorn]

Your coin jars are in the way of your wisdom quote. 

[Fatman3001]

If you wanna give me even moar coinz, go ahead. I'm patient and not over-leveraged. The lower it goes, the more buying power I have.

no, stupid fuck.

your buying power will be the same, you will just buy more coins.

My ability to buy coinz will increase, even if the amount of fiat I have to spend remains constant. I'm pretty sure you'll run out of coinz to sell before I run out of fiat, unless I get fired I suppose.

Chinese megaminers have plenty of coins to dump, don't worry about that  

um, no. All miners everywhere have only 3600 coins/day to dump, excluding stockpiles. How much stockpiles are left after a 15 MONTH BEAR MARKET is unknown, but the number is surely much smaller than in the past. at $225/BTC, that's only $810,000 dollars bulls have to pony up to keep prices stable. At ~five million unique wallets, just over 16% of which have to contribute ONE DOLLAR A DAY TO HOLD THIS PRICE LEVEL. That may not happen, but are you willing to bet on it?

some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned?

Yup, banned in dec 2013

[inca]

Still waiting for my buy order at 201 to be hit. Doomers on here keep promising sub 200 but all I see is shorts at ridiculous levels and the price holding. Watch that short swap rate slowly climb.

[Sitarow]

[Norway]

I have to say, I really like that bid at GBTC that came this morning. 5,000 coins at 350 USD/BTC. About half the volume of BTC-e spike, but at the same time it's just their first bid...

[JorgeStolfi]

A curious resemblance:

Last 18 months, 3d intervals	Last 18 hours, 5m intervals

[ click on each image for the full-size version ]

[Fatman3001]

You know what I wonder: with all these guys with all this money at stake, you'd think they would pay some anti-NLC types to defend the reputation of their investment. Why aren't there more everything is rainbows trolls?

because narrative must follow the price in order to be credible.

it would be stupid to talk about trains and rockets with price in 200 $ range, so now you have guys talking about "increasing buying power", "300 next week", "short squeeze" and shit like that.

once this place goes dead silent you will know we hit the bottom.

That was last week. I guess it's all up from here then. Loving the bullish new you.

[Fatman3001]

I have to say, I really like that bid at GBTC that came this morning. 5,000 coins at 350 USD/BTC. About half the volume of BTC-e spike, but at the same time it's just their first bid...

You have to wonder how many is sitting on the fence waiting to see where the price will go when trading commences.

[tarmi]

You know what I wonder: with all these guys with all this money at stake, you'd think they would pay some anti-NLC types to defend the reputation of their investment. Why aren't there more everything is rainbows trolls?

because narrative must follow the price in order to be credible.

it would be stupid to talk about trains and rockets with price in 200 $ range, so now you have guys talking about "increasing buying power", "300 next week", "short squeeze" and shit like that.

once this place goes dead silent you will know we hit the bottom.

That was last week. I guess it's all up from here then. Loving the bullish new you.

why are you twisting my words fatty?

silent phase will last for months, not days.

[LFC_Bitcoin]

Tarmi we've seen the bottom now.

Your attenpts are futile.

Don't be afraid to change tactics if the tide turns.

[Fatman3001]

You know what I wonder: with all these guys with all this money at stake, you'd think they would pay some anti-NLC types to defend the reputation of their investment. Why aren't there more everything is rainbows trolls?

because narrative must follow the price in order to be credible.

it would be stupid to talk about trains and rockets with price in 200 $ range, so now you have guys talking about "increasing buying power", "300 next week", "short squeeze" and shit like that.

once this place goes dead silent you will know we hit the bottom.

That was last week. I guess it's all up from here then. Loving the bullish new you.

why are you twisting my words fatty?

silent phase will last for months, not days.

To annoy you

With love, of course

[JorgeStolfi]

You know what I wonder: with all these guys with all this money at stake, you'd think they would pay some anti-NLC types to defend the reputation of their investment. Why aren't there more everything is rainbows trolls?

They already support the major bitcoin "news" sites and conferences, pay for advertorials on WSJ and Forbes, buy time on Bloomberg and CNN,  hire lobbyists, and contribute to politicians.  Why should they waste time with forums, where there are already plenty of "anti-NLC types" doing the job for free, out of self-interest?

A month or two ago there was an announcement in some bitcoin news site of several bitcoin companies pooling their resources and hiring a major marketing company to "improve the public image of bitcoin".

[Fatman3001]

Dump failed

Starting to think $220 is to bears what $300 was to bulls

Kind of surprised

[Norway]

I have to say, I really like that bid at GBTC that came this morning. 5,000 coins at 350 USD/BTC. About half the volume of BTC-e spike, but at the same time it's just their first bid...

You have to wonder how many is sitting on the fence waiting to see where the price will go when trading commences.

Yeah! Silbert is talking tomorrow on the last day of the huge 3 day bitcoin conference in NY. Would be embarrasing if nobody puts up an ask before that moment.  

[hdbuck]

[Wandererfromthenorth]