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

[European Central Bank]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin from now on?

[Gleb Gamow]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin RateCoin and duckweed starter plants from now on?

FTFY!

WTF is going on???

That! ^{(see above)}

[calme]

according to economist, in this setup, above 5262 yuan = bullish mkt structure intact

[Ibian]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin from now on?

It's a bit like the recent election. On one side we have old wrinkled paper bills. On the other the money of the future that can potentially change the entire global economy forever.

And much like in the election, the good qualities of bitcoin are downplayed or outright ignored or misrepresented. Instead the focus is on how different it is, how dangerous, who knows what could happen with it in the future and the entire crooked nature of the fiat ponzi system is being kept out of the media, and anyone who brings it up is called crazy or a conspiracy theorist. But we know who will win in the end. The fiat system will collapse, much like an old lady with parkinsons trying and failing to get into a car.

[European Central Bank]

sure, the denigration's never gonna stop. people still talk shit about gold and that's only been around for a few thousand years as a form of value.

but in many minds bitcoin is still small and fragile enough for a lot of people to be convinced that it'll be dust in a short while. i was wondering what would turn their thinking around even if they still hate the idea of it.

[Ibian]

sure, the denigration's never gonna stop. people still talk shit about gold and that's only been around for a few thousand years as a form of value.

but in many minds bitcoin is still small and fragile enough for a lot of people to be convinced that it'll be dust in a short while. i was wondering what would turn their thinking around even if they still hate the idea of it.

Nothing. There will always be people, the majority, who fail to follow up on opportunities even when they have enough relevant facts to make an informed decision. Humans in the main today are emotional creatures, not rational ones.

[nioc]

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

what sort of events do people think it would take to silence all but the most committed detractors?

100 billion market cap for more than 6 months? becoming the official currency of the vatican? amazon saying they're gonna remove all their products and only sell bitcoin from now on?

Why would the Vatican use a public ledger? 

[Temp_JayJuanGee]

You have to be insane to short bitcoin.

I think u mean going long...

I'm long since $300. Sup?

300 is not 740 sup?

Hahahahaha.  

Funny that some of these dumbass trolls still exist, but sure investors could make decisions to take some profits.


Seems like a bit of a fantasy world to consider that this would either be a good place to short or to take too many profits .. of course, we could get dumped on at any time by some big pockets person or institution (not ruling out banks and/or governments, either), but the odds surely do seem in favor of continued upwards momentum.. to test upper $700s  and the mid $800s...

Personally, I still consider this thing to be trading on relatively mediocre volume and we have not even come close to experiencing any kind of meaningful price battle, yet.

Yeah, sure 24 hour trade volume is up a bit, and maybe even we could assert that we are entering into an upsurge in trade volume for the week, but the reality of the matter is that a BTC price battle is occurring when the trade volume increased is sustained over a considerable period of time - such as several weeks - and we are not even close to being there yet.  So whatever price movement we are currently experiencing it is based on a kind of ongoing low volume trickling up... and sure, I am continuing to look out for an "actual BTC price battle" rather than continuing price movements that appear to be preliminary in nature (rather than any kind of actual meaningful price battle).

[JimboToronto]

I just posted this in Fakhoury's Bullish News thread.

https://cointelegraph.com/news/bitcoin-bull-run-alert-italy-to-begin-banking-bail-in

I hope posting it here isn't considered spamming. This thread gets many more views.
_______

Also now that Nov16 is in the books, it left behind a lovely green candle.

[thezerg]

We need the chinese continue with the pump

[Temp_JayJuanGee]

No boys btc is not ready  to reach 1k wait a little longer and open shortz now

while i dont share that opinion, i appreciate that independent mindset. thats what trading looks like, make up your own mind an trade accordingly. not following what 99% of all others are doing.

hahahahahaha

Yeah, innovate, don't follow the herd.


When everyone else is buying, sell.

That should turn out well.   

[Ibian]

No boys btc is not ready  to reach 1k wait a little longer and open shortz now

while i dont share that opinion, i appreciate that independent mindset. thats what trading looks like, make up your own mind an trade accordingly. not following what 99% of all others are doing.

hahahahahaha

Yeah, innovate, don't follow the herd.


When everyone else is buying, sell.

That should turn out well.   

Well, yeah. That's how it works. The key is interpreting the market right.

[DaRude]

LOL at whoboy's BTC14k 1min btc candle without moving the market at all too funny

[dev gone?]

No boys btc is not ready  to reach 1k wait a little longer and open shortz now

while i dont share that opinion, i appreciate that independent mindset. thats what trading looks like, make up your own mind an trade accordingly. not following what 99% of all others are doing.

hahahahahaha

Yeah, innovate, don't follow the herd.


When everyone else is buying, sell.

That should turn out well.   

Well, yeah. That's how it works. The key is interpreting the market right.

It's easy to sell too soon. It's best to hold long after you think you are going full retard by doing so. The peak of the pump is usually after most have dumped, regretted it, and bought back in. Nine out of ten people badly interpret the market because they think like the herd.

[AZwarel]

This starts to become weird/out of the usual movement. Thought it is gonna correct back to low 700s, so i can buy moar, well, than i just HODL.
USD catching up rather fast to CNY's 777$, which is the new 666 apparently

[iikun]

No boys btc is not ready  to reach 1k wait a little longer and open shortz now

while i dont share that opinion, i appreciate that independent mindset. thats what trading looks like, make up your own mind an trade accordingly. not following what 99% of all others are doing.

hahahahahaha

Yeah, innovate, don't follow the herd.


When everyone else is buying, sell.

That should turn out well.   

Well, yeah. That's how it works. The key is interpreting the market right.

It's easy to sell too soon. It's best to hold long after you think you are going full retard by doing so. The peak of the pump is usually after most have dumped, regretted it, and bought back in. Nine out of ten people badly interpret the market because they think like the herd.

...says the person using an alt just in case they get burnt by holding too long :p

[marcus_of_augustus]

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

giant cups confirming

[mtwelve]

https://www.tradingview.com/chart/BTCUSD/g9n4rJ0L-The-way-coup-and-handle-can-break-up/

giant cups confirming

Is this suggesting we are to have two price spikes back to back, with a peak similar to what we saw in November of 2013?

[marcus_of_augustus]

time for some dragon chasing ...

[noobtrader]

This starts to become weird/out of the usual movement. Thought it is gonna correct back to low 700s, so i can buy moar, well, than i just HODL.
USD catching up rather fast to CNY's 777$, which is the new 666 apparently

i bet btc will reach 888 soon because China loves 888...