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

[r0ach]

If 80% of people say we don't want your private centralized digital currency, we want our p2p decentralized Bitcoin then they won't be able to stop us.

This people power hippy stuff never stopped the state before.  The state will be glad to run over some hippies with tanks.  I think you need to examine how many years they were able to ban private ownership of gold in the US and understand it will always be several orders of magnitude easier to ban or regulate bitcoin out of existence than gold ever was.  

Anyway, I typed up this post for you so you can see the real problem at hand.

Why Bitcoin is currently a roach motel:

https://bitcointalk.org/index.php?topic=1760723.0

[dmwardjr]

Text Bubbles speak for themselves.  A little humor...

IMAGE EDIT: 

[Denker]

Did you recognize him?

The dude lost some pounds it seems.
Done on purpose in hope his victims won't recognize him on the street or due to his time in prison.
Fact ist that guys butt needs to be heavily kicked!!

[afbitcoins]

I think for the first time in their life they realized what their fiat money real value is and what that's value of financial freedom.

Lol, what?  I'm sorry you couch potatoes, but buying Bitcoin does not give you financial freedom.  Fighting a war with an AR15 against whoever is trying to take your financial freedom is how you get financial freedom.  Just like the days of the revolutionary war, you will probably have to get off your couch at some point.  There is no mouse click shortcut to freedom.  Even metals holders get worried about the government trying to confiscate or legislate against metals in some way.  TPTB can impede the usage of Bitcoin about 5 billion times easier than metals, so you are definitely not getting freedom by smoking some stuff out of a bong and clicking something on Coinbase.

You don't understand how disruptive technologies work.

Please, can you not mindlessly repeat Antonopolous slogans like they actually mean something?  Antonopolous is just a salesman or religious evangelist.  The internet isn't some wild west where you can get away with whatever you want.  The state rules the internet and most sectors of the globe are censored already.  There are only two endgames for bitcoin, either the state bans it or co-opts it.  The mining pools are such enormous physical attack vectors that they can shut down Bitcoin just as easily in the physical domain as the digital one even if you were able to magically camouflage all your Bitcoin packets.

So we already know the state can easily wipe out Bitcoin if they want.  The next option is of course co-opting it.  To do this, all they're going to do like I said before, is create a static address, alias system wrapper that goes around Bitcoin and sign laws that you're forced to use it or be considered a criminal launderer.  Then once they have everyone on-boarded, they will divorce the alias system away from the native Bitcoin unit into their regular old fiat system run by the state with the bonus that they were also able to ban cash in the process to totally lock you in their system.

For the 5000th fucking time, Ted Kaczynsky was right and increasing technology always leads to loss of freedom.  There is no way around it whatsoever no matter what your original intention was.  The only way you're getting any freedom is by operating solely in the physical space (transacting in a fungible substance like metals), not digital, because the state never has the resources to monitor every square inch of the earth, but they can easily do so for the digital space!

All you're really doing is making it easier for the state to enslave and destroy you.  Bitcoin came out before the era of them trying to ban cash at every second of the day.  The thing you should be afraid of right now isn't the possibility of a bitcoin ban, it's the fact they aren't trying to ban bitcoin at all!

I'm also a fan of gold and silver they are after all a recognised store of value throughout history, I see bitcoin as speculative and higher risk. For me the answer is to own all of those, and on occasion switch some when ratios look favorable. 

The state may react in either of those ways of banning or co-opting but either attempt may fail. There is no certainty they can pull either off successfully. It could be they haven't tried to either yet because if they do but their attempt fails people will see the emperor has no clothes.  And their grip on control will start slipping away. Look how already they are losing control of media, more and more seeing it for what it is.

[Okurkabinladin]

Karpeles is history. Unless he somehow magically finds missing coins and unloads them on chinese sites, there is no, NO, reason to discuss the criminal here.

Lay it to the rest, people. He is as good as dead in bitcoin world.

Now, back to wall observing and speculating.

[abz99]

Next 12 hours is make or break moment for Bitcoin http://zentrade.online/next-12-hours-make-break-bitcoin/

[Karpeles]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

[Boxman90]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

No inside info, you're just not checking the right channels.

https://www.reddit.com/r/Bitcoin/comments/5pgkx9/btcc_to_start_charging_trading_fees_on_its_cny/
https://twitter.com/Austerity_Sucks/status/823142767807397888
https://twitter.com/YourBTCC/status/823137698865102848

[podyx]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

No inside info, you're just not checking the right channels.

https://www.reddit.com/r/Bitcoin/comments/5pgkx9/btcc_to_start_charging_trading_fees_on_its_cny/
https://twitter.com/Austerity_Sucks/status/823142767807397888
https://twitter.com/YourBTCC/status/823137698865102848

That was a while ago, surely the market don't respond that slow

[Karpeles]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

No inside info, you're just not checking the right channels.

https://www.reddit.com/r/Bitcoin/comments/5pgkx9/btcc_to_start_charging_trading_fees_on_its_cny/
https://twitter.com/Austerity_Sucks/status/823142767807397888
https://twitter.com/YourBTCC/status/823137698865102848

That was a while ago, surely the market don't respond that slow

It is sunday, everything is slow at sundays, some people still are waking up

Also less than 1 hour ago, not really that long ago

[Boxman90]

Any reason for this $20 instant dip or is this just normal correction?

Or is it just a pre dump that people with inside info is doing before PBOC or some other other organization comes out with something?

No inside info, you're just not checking the right channels.

https://www.reddit.com/r/Bitcoin/comments/5pgkx9/btcc_to_start_charging_trading_fees_on_its_cny/
https://twitter.com/Austerity_Sucks/status/823142767807397888
https://twitter.com/YourBTCC/status/823137698865102848

That was a while ago, surely the market don't respond that slow

Market reacted instantly, only 'crashed' 20 minutes later. That's not slow.

[abercrombie]

is crypto done?? 

[droizs]

I think I missed another easy profit. These crashes happen so freaking fast...

[kurious]

The 920 floor is not a reality, but 900 is holding... for now.

I guess we can only wait and watch.

[JayJuanGee]

I think I missed another easy profit. These crashes happen so freaking fast...

Less than 5% could not be a crash - maybe a minor dip (correction)

5% to 10% is maybe a medium dip (correction)

10% to 15% is maybe a large dip (correction)

15% to 25% is maybe a major dip (correction)

greater than 25% is maybe a "crash".. ....   hahahahaha

So far we are less than 5%, but maybe also depends on whether we are measuring the dip from $937 to $900 or if we need to start from $1,139  to figure out how far we are down from that recent top and the extent to which we may be recovering?  because if we go back below $800, maybe somewhere in that territory, we may be in "crash" territory, no?

[gizmoh]

Uptrend still intact so far.

[Boxman90]

You were kidding yourself with that bogus line, that you drew towards the current downtick instead of the previous low in the uptrend like you should've, and you knew it. And the price now shows it too

[Karpeles]

The last "crash" caused by a PBOC related issue lasted less than 12hours and caused a $40 drop in the price.

This time won't be different, by Monday the price will be back to $920+

[droizs]

is huobi market down?
https://bitcoinwisdom.com/markets/huobi/btccny

[K~Ehleyr]

I have just had my first practice at drawing lines on a Bitstamp chart and I hereby predict that around midnight on 22nd January UTC (that's the midnight after 21st January), the trend will decide whether it's going to go up or down  

If it decides it's going down, we'll see €760 ($813 USD?) by the early hours of 27th January.

I could show you my pic but I'm not subscribed to any of those image sharing sites and pastebin won't do images.  I'm curious to see how far out I am though  

If  you Google for "upload image" you will get a huge list of image sharing sites, most of which are free.

This one comes top of the list. You don't have to register, just click the big button and select your image to upload it and get given its URL.

https://postimage.io/

Thanks for that!!  That's useful!  Ok, here goes.  I'm sure it's a load of crappydoodle but please be gentle and constructive 


Zoomed-out, I tried to identify the long-term support line:




Then I zoomed in and marked the trend top and bottom and the short-term support line:




The times I've referred to are the two criss-crossy bits furthest right.  I hope I haven't confused anybody with my highly technical language 

Hey, the first bit of my prediction was damn near spot-on!!  If the second bit turns out correct(ish) also for deep downward over the next week, then this could be a pretty awesome b-to-c part of the handle formation!!