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

[harrymmmm]

hi guys!

you are not able to break 250.  

remember?  

Remember this guy? He's still here reading but for some reason doesn't have anything to say...

He's still up to his old (and tired) tricks spamming the sec about bitcoin etf's. I linked to his latest tirade here: https://bitcointalk.org/index.php?topic=1693841.msg16993383#msg16993383

He's a master at confusing people with his economic 'arithmetic', while introducing quietly so many hidden assumptions it makes your head spin.

ediot: removed image fun

[ImI]

Things are looking rosy now, but bear markets can get triggered just like that... #neverforget

Agree, but from the things you mentioned only Coinbase-hack and (a real) China-ban would mean trouble. Nobody expects Segwit to get activated at the moment, Polo is not important for BTC-Fiat markets and ETF would only mean upside potential as there is so far not much hype around a potential ETF approval.

[JayJuanGee]

hi guys!

you are not able to break 250.  

remember?  

Remember this guy? He's still here reading but for some reason doesn't have anything to say...

He's still up to his old (and tired) tricks spamming the sec about bitcoin etf's. I linked to his latest tirade here: https://bitcointalk.org/index.php?topic=1693841.msg16993383#msg16993383

He's a master at confusing people with his economic 'arithmetic', while introducing quietly so many hidden assumptions it makes your head spin.

ediot: removed image fun

Another trick is to make the assumptions much more probable to occur than reality by suggesting a high probability to something that is .001% chance of occurring, and then never to explain, even when asked how he arrived at the assumptions and how much weight he actually gave to the assumptions. 

He would also selectively reframe history for example to start with BTC's price point in late November / early December, and to convincingly and unequivocally prove that the price slope has been downward, and even if a price recovery were to occur, the slope was still downward..

[HI-TEC99]

Things are looking rosy now, but bear markets can get triggered just like that... #neverforget

Agree, but from the things you mentioned only Coinbase-hack and (a real) China-ban would mean trouble. Nobody expects Segwit to get activated at the moment, Polo is not important for BTC-Fiat markets and ETF would only mean upside potential as there is so far not much hype around a potential ETF approval.

On the flip side bull markets can get triggered just as fast too. Banks and countries going bankrupt could trigger a hyper bull market.

India and Venezuela removing notes from circulation probably helped this bull run. Bigger events like country bankruptcies could turn it hyper bull. Bitcoin pumped when Greece was facing bankruptcy.

[tabnloz]

Things are looking rosy now, but bear markets can get triggered just like that... #neverforget

Agree, but from the things you mentioned only Coinbase-hack and (a real) China-ban would mean trouble. Nobody expects Segwit to get activated at the moment, Polo is not important for BTC-Fiat markets and ETF would only mean upside potential as there is so far not much hype around a potential ETF approval.

Agree.

Whether China or someone else, eventually bitcoin will have to face this attack. Hopefully by that time it is big enough, bad enough, and resilient enough to fend it off.

Kenneth Rogoff recently said that bitcoin will be regulated / stopped at some stage. This is the guy who advocates banning cash, who held the top post at the World bank (iirc) and has the ear of the global policy elites.

Not to say it is going to happen now or that it will be effective - I believe it won't ( I think the next panic = run to bitcoin), but it is a near certainty that at some point in the future a forceful effort will be made to try and derail bitcoin by these people. Just watch what happens next time we hit a crisis; with the amount of debt in the world, the lack of liquidity in the Eurodollar market (that has not returned since 2008) and the inability of monetary policy to affect change, a cash ban / neg rates and demonizing of every avenue out of the clutches of the banks (gold, bitcoin etc).

[Yves_Oluchione]

Good Morning/Evening/Night,

Brand New on this forum, I read you since quite a long time, i don't know if i'm wrong but i would think that the recents small dips are just to shake the weak hands before another pump, tomorrow will be a special day on the calendar, maybe a good timing to start buzzing around and instill FOMO ?

What do you think personnaly ?

[BlindMayorBitcorn]

Good Morning/Evening/Night,

Brand New on this forum, I read you since quite a long time, i don't know if i'm wrong but i would think that the recents small dips are just to shake the weak hands before another pump, tomorrow will be a special day on the calendar, maybe a good timing to start buzzing around and instill FOMO ?

What do you think personnaly ?

LOL. Yeah, maybe. 

[r0ach]

Reaching $10K vs. staying there are two entirely different things...

Dollar value is kind of irrelevant when you look at the following factors.  Energy output plateaued in 2004 with peak conventional crude oil.  Human labor output has also peaked with every nation that matters reaching a plateau in population for working demographic.  Take into account that debt based currency requires infinite growth or infinite printing and you already have your answer about what's going to happen.

This is where contingency plans come in.  Governments all already know debt based currency has run it's course and have to transition into something to service more of a steady state economy.  They don't want anyone using metals because metals are inherently anti-big government.  They want to be able to fund infinite wars and their pizzagate lifestyle, and it's difficult to steal money from people to do so when ownership is obfuscated and they can't use hidden subterfuge like inflation tax.

Then you have Bitcoin/digital currency.  The goal here is basically for the government to come in and either completely co-opt it, or just act as gatekeepers where they track every dime spent on the planet and come after it all.  They can simply create an alias system wrapper around Bitcoin and mandate everyone has to use it or be considered a felonious money launderer.  The alias system wrapper would probably even directly deduct taxes in addition to whatever else they feel they can take from you to fund Marxism.

Overall, Kaczynsky was generally right about everything and we are probably fucked if digital currency wins over metals, but you might make some money along the way before transitioning into full dystopia.  Silver has around the same upside potential as Bitcoin, so if you could invest then play god and pick the winner to replace debt based fiat, it would be a hard sell picking anything but silver when the other options have all these potential dystopian 1984 features.

I am hedged for both outcomes so you can't call me biased.  I'm just 100% positive that no matter how "good" any digital currency starts out as, these malevolent entities in the world (aka the Jews) are going to turn it into a dystopia just like their current debt based system when there are so many angles for them to do so as I mentioned above.  They honestly seem to not only have no fear of Bitcoin, they have people like Larry Summers and Bernanke embracing it, while mentioning the word silver makes their hair stand up and face turn white like vampires being exposed to sunlight.

Their Marxist banking cabal/cult follows a literal interpretation of some made up book called the Torah and believe every Jew is entitled to 800 "goyim" slaves:

http://www.youtube.com/watch?v=wCLtAbULUtw

Whatever scam they try to implement to replace the current system doesn't matter.  Too many "goyim" know what's going on now and we'll be coming for them in the end regardless.

[hulla]

phew. good thing I didn't bet for Bitcoin to not reach the 1000$ in the bitcoin gambling sites. I would be sweating right now

Back in 2013 I spent $50 on a 1 bitcoin bet saying the price would be $10,000 by the end of this month.

Unfortunately for those that bet against me the site went down a few years ago.

No fear Elwar, you may have been wrong with your prediction, date wise but I have no doubt we'll break $10,000 within 3-4 years.

I don't agree with you mate and I don't think tell price will reach $10,000 in 3-4 years. Though, I quite sure will have an increase in price of bitcoin but not up to $10,000.

Reaching $10K vs. staying there are two entirely different things...

Yes, you're right but I'm not saying the price will remian the same. What I'm saying is that there will be an increase in price of bitcoin in 3-4years but the price can not reach $10,000.

[savetherainforest]

Good Morning/Evening/Night,

Brand New on this forum, I read you since quite a long time, i don't know if i'm wrong but i would think that the recents small dips are just to shake the weak hands before another pump, tomorrow will be a special day on the calendar, maybe a good timing to start buzzing around and instill FOMO ?

What do you think personnaly ?

LOL. Yeah, maybe. 

I hate the idea or concept of new people. I'm happy with my own space in my fluffy bubble. I would like at least some irrelevant information about yourself to make your comments more readable.. like the fact if you eat your corn cereal without factory sugar added or if you eat cereal at all... and what percentage of fat does the milk you use have?.. or if you use milk at all.. or if your lactose intolerant or if the milk is organic or whatnot...   

Welcome I guess... and beware of JJG! I hope he gets to you! 

[BlindMayorBitcorn]

Also note: cockroach is a crazy-raving Info Wars-watching Jew-hating leg-humping loon. Happy NYE!

[Fakhoury]

We are into the move again !!

How did I know ? Just watch the blood bath the altcoins are having.

[virasog]

As I predicted, psychological resistance at 1000 $ worked. Daytraders were sunny because it was quite wavy, but I do not think it will take too long. In a few days,it will sit in a narrower space and consolidate his place.

Yes. It looks like $1000 is a good resistance for bitcoin and I don't think it will be taken out today. But by January 2017, we should
see bitcoin crossing $1000 mark in style. Until then, enjoy the new year celebration!

[Ted E. Bare]

Less and less resistance to 1000 remaining. Do we go for it in this last day of the year?

[HI-TEC99]

As I predicted, psychological resistance at 1000 $ worked. Daytraders were sunny because it was quite wavy, but I do not think it will take too long. In a few days,it will sit in a narrower space and consolidate his place.

Yes. It looks like $1000 is a good resistance for bitcoin and I don't think it will be taken out today. But by January 2017, we should
see bitcoin crossing $1000 mark in style. Until then, enjoy the new year celebration!

China shuts down for New Year. All its banks are closed and no money can get sent to exchanges from them. Bitcoin trading will be lame until those banks open again.

[Elwar]

As I predicted, psychological resistance at 1000 $ worked. Daytraders were sunny because it was quite wavy, but I do not think it will take too long. In a few days,it will sit in a narrower space and consolidate his place.

Yes. It looks like $1000 is a good resistance for bitcoin and I don't think it will be taken out today. But by January 2017, we should
see bitcoin crossing $1000 mark in style. Until then, enjoy the new year celebration!

China shuts down for New Year. All its banks are closed and no money can get sent to exchanges from them. Bitcoin trading will be lame until those banks open again.

China celebrates western New Year?

I know they shut things down for like a week during Chinese New Year.

[BlindMayorBitcorn]

[Ted E. Bare]

The Chinese have their own new year's events at the end of January.

[HI-TEC99]

As I predicted, psychological resistance at 1000 $ worked. Daytraders were sunny because it was quite wavy, but I do not think it will take too long. In a few days,it will sit in a narrower space and consolidate his place.

Yes. It looks like $1000 is a good resistance for bitcoin and I don't think it will be taken out today. But by January 2017, we should
see bitcoin crossing $1000 mark in style. Until then, enjoy the new year celebration!

China shuts down for New Year. All its banks are closed and no money can get sent to exchanges from them. Bitcoin trading will be lame until those banks open again.

China celebrates western New Year?

I know they shut things down for like a week during Chinese New Year.

Yes, China celebrates western New Year, then celebrates its own New Year a month or so later.

The Hong Hong stock exchange closes for those same holidays. These are the dates for 2017.

https://www.hkex.com.hk/eng/market/sec_tradinfo/tradcal/nont10.htm

Securities Market is closed on Saturdays, Sundays and Public Holidays as specified below:

2-Jan-17 Monday The day following the first day of January
30-Jan-17 Monday The third day of Lunar New Year
31-Jan-17 Tuesday The fourth day of Lunar New Year

[redsn0w]