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

[snipie]

There will be new ATH beyond $1150 next month.

Indeed next monthS until the bitcoin price gets a solid floor so it can jumps higher and higher

@becoin yes i meant it when I added the S to mean that it may happens in the next months

[becoin]

There will be new ATH beyond $1150 next month.

Indeed next monthS until the bitcoin price gets a solid floor so it can jumps higher and higher

I mean next month - February. But I might be wrong. There might be new ATH by the end of this month.

[Ted E. Bare]

I'M READY

[Sourgummies]

I'M READY

Me too. Let's go!

[r0ach]

Whose got control of adamstgBit account and is censoring around here?

No idea but you have people that don't even know how Bitcoin works typing "Bitcoin is the new gold", then I post that it's not possible for Bitcoin to defeat metals as a store of value on Exter's pyramid and post is insta-deleted.  Posting the simple objective fact that Bitcoin does not make metals obsolete is considered heresy.  This is an economics speculation thread.  Whether Bitcoin can or can't defeat gold or silver's market cap is part of the equation in quantifying price.

[the artful bodger]

Do we get another week stuck at $900?

[Killerpotleaf]

Whose got control of adamstgBit account and is censoring around here?

No idea but you have people that don't even know how Bitcoin works typing "Bitcoin is the new gold", then I post that it's not possible for Bitcoin to defeat metals as a store of value on Exter's pyramid and post is insta-deleted.  Posting the simple objective fact that Bitcoin does not make metals obsolete is considered heresy.  This is an economics speculation thread.  Whether Bitcoin can or can't defeat gold or silver's market cap is part of the equation in quantifying price.

fiat beats gold's and silvers and ever other metal's market caps combined.

put that in you pipe and smoke it.

[r0ach]

Whose got control of adamstgBit account and is censoring around here?

No idea but you have people that don't even know how Bitcoin works typing "Bitcoin is the new gold", then I post that it's not possible for Bitcoin to defeat metals as a store of value on Exter's pyramid and post is insta-deleted.  Posting the simple objective fact that Bitcoin does not make metals obsolete is considered heresy.  This is an economics speculation thread.  Whether Bitcoin can or can't defeat gold or silver's market cap is part of the equation in quantifying price.

fiat beats gold's and silvers and ever other metal's market caps combined.

put that in you pipe and smoke it.

Fiat has always been a derivative of metals, a coupon to exchange for them.  What essentially happened is that the bank defaulted on you and you were left holding the bag if you didn't turn your coupons in beforehand.  Just like everyone who currently owns fiat is holding the bag still.  Fiat can default.  Bitcoin can essentially default if the thing becomes unusable somehow.  Metals can't default because it exists as more than a concept.

[Torque]

Damn... these whales trying to soooo hard to peg right at $899.9999

[jbreher]

Fiat has always been a derivative of metals, a coupon to exchange for them.  

Always? A thousand times no.

Fiat was a receipt for metals initially, this is true. But that was just the bait in the bait n switch scheme. Today, fiat is completely divorced from metals. Further, these days, most 'metal' investments are a bait n switch as well, with 'investors' buying paper gold that ultimately is not redeemable for gold.

[dmwardjr]

Fiat has always been a derivative of metals, a coupon to exchange for them.  

Always? A thousand times no.

Fiat was a receipt for metals initially, this is true. But that was just the bait in the bait n switch scheme. Today, fiat is completely divorced from metals. Further, these days, most 'metal' investments are a bait n switch as well, with 'investors' buying paper gold that ultimately is not redeemable for gold.

+1


I'd MUCH RATHER have bitcoin on "paper" in a zip lock bag than gold on "paper"...    hehe    ; )

[JayJuanGee]

Damn... these whales trying to soooo hard to peg right at $899.9999

Nonsense.      

[Torque]

Damn... these whales trying to soooo hard to peg right at $899.9999

Nonsense.    

Really JJG?




JJG is like our resident Trump.  He tries to gaslight us all into not believing our own powers of observation.  

[JayJuanGee]

Damn... these whales trying to soooo hard to peg right at $899.9999

Nonsense.    

Really JJG?

we are kind of like in broken record territory, going over points that each of us has made several times, yet I wonder how much weight you give to each of the exchanges.

In 2010, 2011 and 2012 there were only a few exchanges, yet MTGOX dominated a considerable amount of the trading activities, and therefore the price in many regards.

In 2013 there were about half a dozen exchanges, and sure maybe a few more ways that BTC was being traded, including Localbitcoins and directly.

Between 2014 and present, the number of exchanges have increased well into the 100s, the number of liquidation avenues have increased, but sure I will give it to you that some exchanges are more BTC price influential than others, yet even if there happen to be some exchanges that are dominant or leaders at any moment, their prices also tend to vary and some times, also, the leader(s) can change.  

So, how the fuck do you continue to assert that there is any one numerological sticking point AND attempt to also make sense at the same time?  Are you a bit bonkers that you want to continue to attempt to describe some non-existing phenomenon in order that you can look at your astrology charts?

[Torque]

So, how the fuck do you continue to assert that there is any one numerological sticking point AND attempt to also make sense at the same time?  Are you a bit bonkers that you want to continue to attempt to describe some non-existing phenomenon in order that you can look at your astrology charts?

It's not numerology you idiot, that whale traders can control the market and peg the price to whatever they want (in this case right at Dollar-denominated whole round number values, which says alot about who the traders are)

Quit saying it's numerology or astrology.  It's neither.  You're just continuing to sound like a complete idiot.  

[Searing]

Well ....in the short term....I think the odds are pretty good that JUST when we get around $1,000 usd for a BTC again....China Gov't will drop the other shoe
on regulation irregularities as they call them on the Chinese exchanges. One way or another we will know how the China Gov't really feels about crypto and BTC
in how soft or hard they come down on them with fines etc.

Not looking like they really will slap them up much imho. But am accumulating $$$ for $750 btc price again.

Also if I'm wrong and they really slap them up. Then I can to to the mantra/motto: 'cheap coins, cheap coins'

my other mantra is ' moon,moon'

its all pretty 'binary' to protect my ego.

[JayJuanGee]

So, how the fuck do you continue to assert that there is any one numerological sticking point AND attempt to also make sense at the same time?  Are you a bit bonkers that you want to continue to attempt to describe some non-existing phenomenon in order that you can look at your astrology charts?

It's not numerology you idiot, that whale traders can control the market and peg the price to whatever they want (in this case right at Dollar-denominated whole round number values, which says alot about who the traders are)

Quit saying it's numerology or astronomy.  It's neither.  You're just continuing to sound like a complete idiot.  

That's ridiculous, and you are not even responding to various points that I make and have been making regarding various sticking points (to the extent that they may exist for a few hours or several days).. and then, you don't even indicate about which exchange (s) are you referring in this particular instance.

For example, if I were a whale or a couple of whales, I could set one bot at $902-ish and another bot at $898-ish and the price would likely end up gravitating to $899.99 without me (as a whale) even intervening.

Your point (to the extent that it means anything) is almost as nonsensical as either numerology and/or astrology, because even if you are making a different point, it makes about as much sense as numerology/astrology.

Well ....in the short term....I think the odds are pretty good that JUST when we get around $1,000 usd for a BTC again....China Gov't will drop the other shoe
on regulation irregularities as they call them on the Chinese exchanges. One way or another we will know how the China Gov't really feels about crypto and BTC
in how soft or hard they come down on them with fines etc.

Not looking like they really will slap them up much imho. But am accumulating $$$ for $750 btc price again.

Also if I'm wrong and they really slap them up. Then I can to to the mantra/motto: 'cheap coins, cheap coins'

my other mantra is ' moon,moon'

its all pretty 'binary' to protect my ego.

I am not sure if I am as negative as you about some of the short term manipulation and FUD spreading effects or even the effects of China on BTC prices , but I do think that it is a good idea for each of us HODLers to sufficiently prepare for either price direction, whether that is $750 or $1250.. and whether either price direction happens or not.

[Searing]

Well ....in the short term....I think the odds are pretty good that JUST when we get around $1,000 usd for a BTC again....China Gov't will drop the other shoe
on regulation irregularities as they call them on the Chinese exchanges. One way or another we will know how the China Gov't really feels about crypto and BTC
in how soft or hard they come down on them with fines etc.

Not looking like they really will slap them up much imho. But am accumulating $$$ for $750 btc price again.

Also if I'm wrong and they really slap them up. Then I can to to the mantra/motto: 'cheap coins, cheap coins'

my other mantra is ' moon,moon'

its all pretty 'binary' to protect my ego.

I am not sure if I am as negative as you, but I do think that it is a good idea to sufficiently prepare for either price direction, whether that is $750 or $1250

Well it will be one camp or the other. They will either ignore the problem with some verbal talk for the exchanges to fix stuff with no penalties or issues or imho
they will slap some restrictions on them in some manner to throttle them. Myself I think it likely will be a stern talking to and a wrist slap.

But the reaction of even the 'stern wrist slap' likely will drop the price. So need some $$$ on hand.

If nothing at all comes from it then I will want the $$$ set aside for moon,moon so I can run the bubble up with the other lemmings.

(good to have silly hobbies/goals)

[JayJuanGee]

Has anyone else been having trouble logging into their blockchain.info wallet, or just me?

[JayJuanGee]

Well ....in the short term....I think the odds are pretty good that JUST when we get around $1,000 usd for a BTC again....China Gov't will drop the other shoe
on regulation irregularities as they call them on the Chinese exchanges. One way or another we will know how the China Gov't really feels about crypto and BTC
in how soft or hard they come down on them with fines etc.

Not looking like they really will slap them up much imho. But am accumulating $$$ for $750 btc price again.

Also if I'm wrong and they really slap them up. Then I can to to the mantra/motto: 'cheap coins, cheap coins'

my other mantra is ' moon,moon'

its all pretty 'binary' to protect my ego.

I am not sure if I am as negative as you, but I do think that it is a good idea to sufficiently prepare for either price direction, whether that is $750 or $1250

Well it will be one camp or the other. They will either ignore the problem with some verbal talk for the exchanges to fix stuff with no penalties or issues or imho
they will slap some restrictions on them in some manner to throttle them. Myself I think it likely will be a stern talking to and a wrist slap.

But the reaction of even the 'stern wrist slap' likely will drop the price. So need some $$$ on hand.

If nothing at all comes from it then I will want the $$$ set aside for moon,moon so I can run the bubble up with the other lemmings.

(good to have silly hobbies/goals)

You don't buy some of the theories that it could be a bullish thing for btc prices to have some of the chinese exchanges to be reigned in a little bit with their outrageous volume and margin trading and likely fractional reserve practices?