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

[Karpeles]

Come on, we are in the best moment of Bitcoin story. Don't let it fall below $640, hold the line, hold tight until the victory is ours and 650 will be the past for all eternity

[Fatman3001]

It looks promising indeed but I think there'll be too much optimism and excitement from other people who reached it. Most of the places I like going the people there ask 'why the fuck did you come here?' but I'll put my affairs in order and give it a try.

Yah, Svalbard is more cool than quirky.

[dumbfbrankings]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.


Bow down before the one you serve. Y...

[DaRude]

Need to shed about $10MM in those pesky longs, who went full retard for the halfening before we can resume uptrend

[JayJuanGee]

rekt

Which part is rekt?   I understand that you have a tendency to get stuck on  short term price movements, and all of us should be ready for the possibility of $610 and even sub $610, but it is likely going to take quite a few coins to get there, if it does.  Further, you recall that in the past nearly two months, we have only revisited sub $600 for about 24 hours, and recall how many coins it took to get to $540 for short moments... We could get there again, but it seems to me that it is going to take a lot of coins, and I question whether bears have enough coins to dump and if they can be successful.. with the ongoing upwards price pressures.

[JayJuanGee]

Need to shed about $10MM in those pesky longs, who went full retard for the halfening before we can resume uptrend

How far down will BTC prices have to go in order to achieve such an objective?  will $610 do it, or do we need to go below $580 in order to shed that quantity of longs?

[BlindMayorBitcorn]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.

Bow down before the one you serve. Y...

I wouldn't know. I don't discuss altcoins.
 

[ImI]

rekt

Which part is rekt?   I understand that you have a tendency to get stuck on  short term price movements, and all of us should be ready for the possibility of $610 and even sub $610, but it is likely going to take quite a few coins to get there, if it does.  Further, you recall that in the past nearly two months, we have only revisited sub $600 for about 24 hours, and recall how many coins it took to get to $540 for short moments... We could get there again, but it seems to me that it is going to take a lot of coins, and I question whether bears have enough coins to dump and if they can be successful.. with the ongoing upwards price pressures.

i agree. the thing is we are missing a clear positive outlook, an event that a rally could potentially build upon. halvening? gone. brexit? gone. so all thats left is the still lurking debate about blocksize and thats it. but on the other hand the 3d chart looks still quite excellent...

[dumbfbrankings]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.

Bow down before the one you serve. Y...

I wouldn't know. I don't discuss altcoins.
 

Or... you are, and just don't know it, yet.

Wouldn't that be poetic?

[AlexGR]

rekt

Which part is rekt?   I understand that you have a tendency to get stuck on  short term price movements, and all of us should be ready for the possibility of $610 and even sub $610, but it is likely going to take quite a few coins to get there, if it does.  Further, you recall that in the past nearly two months, we have only revisited sub $600 for about 24 hours, and recall how many coins it took to get to $540 for short moments... We could get there again, but it seems to me that it is going to take a lot of coins, and I question whether bears have enough coins to dump and if they can be successful.. with the ongoing upwards price pressures.

i agree. the thing is we are missing a clear positive outlook, an event that a rally could potentially build upon. halvening? gone. brexit? gone. so all thats left is the still lurking debate about blocksize and thats it. but on the other hand the 3d chart looks still quite excellent...

The halvening is gone but the reduced coin supply remains. A year from now, we'll have -650k coins fewer than we'd have without the halvening. So...

[nanobtc]

Congrats, Elwar. I am unable to generate the intestinal fortitude to do that (also wouldn't have a place to stay while waiting for moon).  Not to turn this into a real estate discussion, but for that approximate money in the Midwest USA, you could have a 4 bedroom/3 bath on 5 acres, that was about 30 years old. While both would be nice, I'd rather have BTC.

[respawn2]

You know the expression, teach a man to fish, then throw him in the river.

Diner; 50-something waitress. Doesn't like you, you look like a college kid.
Order, get coffee while you wait. Get sugar/cream squared/finally cool enough to drink. "Freshen your coffee?" (pours without waiting).
She knows, just fucking with you.
Clink! from the kitchen window (that's your food).
Clank! plate on the table, some orange stuff spills. This is choreography, setup for the rancid bar rag ... with which she returns after about 3 minutes, just when you thought it's safe.

Picks up plate (you started eating)., "Here, let me get that for you!" smears spilled orange crap around the table, drops plate back.
You start eating, feel owned.
~3 minutes pass~
She reaches around you from behind, presses old lady boob into your shoulder, pours more orange crap onto your plate from stainless steel gravy boat. "Everything good?"  (you nod)



"Bon appetit!"

A year from now, we'll have -650k coins fewer than we'd have without the halvening. So...

A year from now, you'll see 1,800 * 365 = 657,000 BTC *MORE*

[BlindMayorBitcorn]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.

Bow down before the one you serve. Y...

I wouldn't know. I don't discuss altcoins.
 

Or... you are, and just don't know it, yet.

Wouldn't that be poetic?

Like a patient etherized upon a table.

[adamstgBit]

A year from now, we'll have -650k coins fewer than we'd have without the halvening. So...

A year from now, you'll see 1,800 * 365 = 657,000 BTC *MORE*

500million dollars of value?

better make it 5billion...  

we MUST move UP!

[marcus_of_augustus]

.... everybody on?

[dumbfbrankings]

You mean, everything's fine?

Is the solution still r3kt?

Yes? Good, this is fine.

Bow down before the one you serve. Y...

I wouldn't know. I don't discuss altcoins.
 

Or... you are, and just don't know it, yet.

Wouldn't that be poetic?

Like a patient etherized upon a table.

Who said anything about ether? Your elective procedure would be wholly without anesthetic relief.

[Karpeles]

Told you that we would recover in no time.

Huobi is back to up 650, Bitstamp is at $650, Bitfinex at $649.6, etc...

Now we can resume our blitzkrieg towards the moon

[JayJuanGee]

rekt

Which part is rekt?   I understand that you have a tendency to get stuck on  short term price movements, and all of us should be ready for the possibility of $610 and even sub $610, but it is likely going to take quite a few coins to get there, if it does.  Further, you recall that in the past nearly two months, we have only revisited sub $600 for about 24 hours, and recall how many coins it took to get to $540 for short moments... We could get there again, but it seems to me that it is going to take a lot of coins, and I question whether bears have enough coins to dump and if they can be successful.. with the ongoing upwards price pressures.

i agree. the thing is we are missing a clear positive outlook, an event that a rally could potentially build upon. halvening? gone. brexit? gone. so all thats left is the still lurking debate about blocksize and thats it. but on the other hand the 3d chart looks still quite excellent...

From our multiple interactions, I gather that you have a glass half full kind of tendency, and I am trying not to fault you for such tendency because it is certainly valid to look at a multitude of factors in attempting to watch and predict BTC's price direction, but also I think that part of the problem could be that your expectations are way too high, and accordingly, you are setting yourself up for disappointment if BTC does not 10x in the next 20 minutes.

The fact of the matter is that bitcoin is in a very great place at the moment, and it can take a very long time for price finding that includes bears and bulls battling out the direction that they want prices to go.

Just consider that for several months in the beginning of the year, we were battling the $360 to $460 range.. I mean we are not out of striking distance to get pushed back into that price range, but it certainly would not be easy for bears and bank shills to achieve such a direction, and that is nearly the level of downward pushback that they would need to achieve in order for BTC to get pushed into a horizontal or even a bearish market... otherwise we remain bullish whether we are floating in the mid $600s or floating in the mid-$500s... and imagine that it is not even going to be easy to push into the mid $500s, and that is what bears really want and that is what they are attempting to achieve in order to attempt to discourage and dissuade.. and the longer that they are unsuccessful in pushing BTC back, the more confidence us HODLers can have to continue to HODL and to accumulate BTC with confidence that it's price is going to appreciate. 

If we psychologically create some kind of artificial timeline in which we believe that upwards prices have to be achieved, then we are going to be bound for failure and disappointment.   Even if BTC prices float between $500 and $700 for the next year, BTC is in a very good place, and it's time is going to come for a new ATH - especially once it passes the mid $800s - which like I said, could take some time to achieve.. however, if we achieve mid $800s and what follows sooner, then we should consider that to be icing on the cake.

Yes, there are various talking points that could be either bearish or bullish, and likely those talking points don't matter so much because we just have an ongoing dynamics in which all of these matters add up and the word keeps getting out about bitcoin and bitcoin continues to develop and find more use cases, and becomes more and more unstoppable and intricated into the lives of more and more people in all corners of the world.

[yefi]

It's definitely on the list. One day I hope to come across somewhere so desolate and depressing that I instantly drop dead from sheer despair. In the UK Port Glasgow does a nice job. I think some forgotten city in Siberia's going to do it.

lol, sounds like you've taken inspiration from Karl Pilkington.

There's a book called crap towns whose readers voted for the 50 crappest towns in the UK. Glasgow was voted joint fourth crappest with Edinburgh in 2004. If you want a crapper town than Glasgow try visiting Sunderland, Windsor, or Luton. The 2004 vote for the number one crappest town in the UK was Luton.

https://en.wikipedia.org/wiki/Crap_Towns

1. Luton
2. Windsor
3. Sunderland
4. Edinburgh (equal place with Glasgow)
4. Glasgow (equal place with Edinburgh)

There might be similar crap town votes held in other countries that could tell you the most desolate and depressing places to visit.

Hm, some parts of some of those cities are quite nice (just watch out for garbage trucks in Edinburgh though).

[BlindMayorBitcorn]