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

[ptiper21]

So bitcoin will go down to 800sh soon? I'll wait for that to happen before I will re-enter then.   

or 1800 ...

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[noobtrader]

So bitcoin will go down to 800sh soon? I'll wait for that to happen before I will re-enter then.   

most likely that btc will go to 2000 usd price range before going back to 800 usd

[600watt]

snip

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

that is my opinion all along: jjg is doing exactly what he is accusing others. i did not know that was a known phenomenon. i thought he is just trolling. good find, cassius.

[Zombie123]

Unless satoshi himself starts dumping or a county like china/US completely BANS bitcoin 800 will never happen.

If anyone has still not read this article they should right away

https://hbr.org/2017/01/the-truth-about-blockchain

[0xfff]

Unless satoshi himself starts dumping or a county like china/US completely BANS bitcoin 800 will never happen.

If anyone has still not read this article they should right away

https://hbr.org/2017/01/the-truth-about-blockchain

jesus the font on that website is awful. I can barely read it. What are they thinking?

[JayJuanGee]

snip

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

that is my opinion all along: jjg is doing exactly what he is accusing others. i did not know that was a known phenomenon. i thought he is just trolling. good find, cassius.

There are at least a couple  of errors in this kind of thinking.

1) we are on the internet and we are engaging in a discussion of topics.  In Cassius's situation, he is avoiding the topic and instead he wants to focus on me rather than the topic of discussion.  Frequently that is referred to as an ad hominem attack, or it could also be referred to as avoidance of the issue or it could be referred to as diversion,  distraction or just the brining up of pure irrelevance.

2) My attacks on people tend to be largely substantive based on their behavior in avoiding issues or maybe failing or refusing to back up their claims.  Sure once in a while I will throw in some kind of seeming attacks that seem to be about them, but mostly my attacks are either defending from being attacked or merely escalating (and/or exaggerating) and argument that I might be making based on their behavior  such as their refusal to provide evidence or to back up their claims.  Anyhow, my claim remains that my posts are mostly substantive with a bit of flavor that may be added from time to time for emphasis.    

3) By the way, this is kind of related to point two..  I don't really take matters in posts personally, but sometimes it is quite clear that some folks either avoid answering or they engage in passive aggressive personal attacks, for whatever reasons (including sometimes what appears to be lack of an ability to engage or to back up their points), and surely sometimes these kinds of passive aggressive behaviors come after I have called them out mostly based on their prior conduct.  I actually have no problem reverting back to discussing matters civily and rationally with someone who makes such attempts to discuss matters rather than engaging in avoidance (even if those persons had previously engaged in pussy behaviors... I have done this a variety of times, even with folks like billyjoeallen, aztecminer, or even recently attempted with Cassius.. even though he seems to have an inability to stay on topic.. hahahahahha..   ).

[Wolf Rainer]

I like the way this is going. This kind of behavior shows some very interesting things. Theres some whales accumulating large amounts of bitcoin, they make this dips in order to buy more cheap coins. And they are also holding the bitcoin price at the 1000 range, till they have enought coins and then they will release the brake and the price will go mad.

[JayJuanGee]

Unless satoshi himself starts dumping or a county like china/US completely BANS bitcoin 800 will never happen.

If anyone has still not read this article they should right away

https://hbr.org/2017/01/the-truth-about-blockchain

Isn't that one of those articles that uses the term "blockchain" over and over again, but really the innovation is the bitcoin blockchain... so they are really talking about bitcoin, even though they continue to refrence the term "blockchain?"

[AlexGR]

Chinese exchanges stop withdraws and the market goes down by less than $100

Almost perfect

It does sound like a fairy tale doesn't it?
With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour.

I do think it is the ETF is to blame for this one.

Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact.

I must agree with you on this one. Those Chinese were just trying to trick the West into believing what they want them to believe with more smoke and mirrors to get them in their own clutches for whatever reasoning they have.
I believe what will keep the price stable now is the announcement of the ETF by the Winklevoss's and what that could reap for bitcoin by the ones that are not totally convinced of BTC as a viable option to compete with other fiat and assets like gold and silver for that matter.
We will just have to wait and see what the SEC has to say now.
Nay or yey!

Do you guys actually think the people that for some reason want to buy Bitcoin now are waiting with such furious intent to buy into an ETF that on March 11, the money will just start flowing like a rap music video?

I believe the money will trickle in at first and the Bitcoin economy won't see any real money for 2 to 3 months after, June-ish.





September 21, 2017 save the date

I'm not convinced it'll happen at all. I am usually bullish on these matters but I just can't see it happening.

More then likely, it doesn't happen and then commence post speculation dump

Who knows if the ETF will be approved? But if it is there will be a large new source of liquidity at a time when bitcoin is making the news for its ath and use as a store of value.

The Greece crisis is due to start again, and it gave Bitcoin a healthy pump previously. The risk of a country going bankrupt, defaulting on its debts, and issuing a new currency will get people buying Bitcoins.

If Greece goes bankrupt, it's doubtful that Greeks will be buying BTCs. They'll have more pressing issues to solve. The real motivator to buy BTCs will be mainly from European buyers, using Bitcoin as a store of value, due to euro collapsing in case of a GRexit. But I think the Greek government will simply do whatever it's told - as it has in the last 7 years. I mean the government even threw out a referendum that said people desired no bailout / memorandum-deal and went for the memorandum deal.

As for the ETF, most BTC investors by now have zero expectations about it. Why? Because the western authorities, western governments, western press etc, have never done anything serious to pump up the price of BTC (except indirectly - like banning cash, creating Cyprus-like situations etc). This is unlikely to change - although there may be a few rare exceptions to the rule.

The ETF would have way more chances if it applied simultaneously in multiple countries... US, UK, investor-friendly countries in SE Asia, etc.

[Cassius]

snip

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

that is my opinion all along: jjg is doing exactly what he is accusing others. i did not know that was a known phenomenon. i thought he is just trolling. good find, cassius.

I was a therapist, in another life. One of the reasons I stopped was because it's exhausting when people say the same thing week in and out but do nothing about it. Unfortunately, most people don't really want to change. Their neuroses serve a purpose and are the price of not having to make the effort required actually to get better.
I don't entirely blame them. The human mind is hardwired for economy and change is hard. It's just frustrating, that's all.
You're able to read between the lines so you'll understand the relevance for this situation.

[JayJuanGee]

snip

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

that is my opinion all along: jjg is doing exactly what he is accusing others. i did not know that was a known phenomenon. i thought he is just trolling. good find, cassius.

I was a therapist, in another life. One of the reasons I stopped was because it's exhausting when people say the same thing week in and out but do nothing about it. Unfortunately, most people don't really want to change. Their neuroses serve a purpose and are the price of not having to make the effort required actually to get better.
I don't entirely blame them. The human mind is hardwired for economy and change is hard. It's just frustrating, that's all.
You're able to read between the lines so you'll understand the relevance for this situation.

Oh?  now you are trying to act as if you are some kind of "expert" in the topic.    Maybe your "therapist" status shows that you want to be in "control"

What you are an expert in is avoiding addressing topics, and taking matters personally and diversion... If you just attempted to respond to the substance of my post in regards to bitcoin and the questions that I asked you in terms of backing up your bitcoin related claims:

(here's your statement:  "Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact."), and I had asked some questions from you to attempt to back up your speculation.

If you could stick to the topic of bitcoin, then maybe we would not be delving into this land of irrelevance and your supposed "expertise" in a non-topical issue, your stupid-ass attempts at arm-chair diagnosis of psychology.

[JimboToronto]

Please stop the gold parity talk. It's stupid (for now at least).

I disagree. We're a lot closer to gold ounce parity than we are to $800.

So bitcoin will go down to 800sh soon? I'll wait for that to happen before I will re-enter then.  

I'll assume the smiley indicates you were being sarcastic.

[doc12]

Please stop the gold parity talk. It's stupid (for now at least).

I disagree. We're a lot closer to gold ounce parity than we are to $800.

So bitcoin will go down to 800sh soon? I'll wait for that to happen before I will re-enter then.  

I'll assume the smiley indicates you were being sarcastic.

Gold partiy is not a lousy ounce, but 1 kg gold 

[Cassius]

Oh?  now you are trying to act as if you are some kind of "expert" in the topic.    Maybe your "therapist" status shows that you want to be in "control"

This is not 'substantive'.

What you are an expert in is avoiding addressing topics, and taking matters personally and diversion... If you just attempted to respond to the substance of my post in regards to bitcoin and the questions that I asked you in terms of backing up your bitcoin related claims:

This is projection.

(here's your statement:  "Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact."), and I had asked some questions from you to attempt to back up your speculation.

This is not a statement.
It is a question. The statement that immediately follows is the back up. The former explains the latter. It's one explanation for what's going on. Not the best, not the worst. For your delectation and appreciation, I've put another one below.

If you could stick to the topic of bitcoin, then maybe we would not be delving into this land of irrelevance and your supposed "expertise" in a non-topical issue, your stupid-ass attempts at arm-chair diagnosis of psychology.

This is definitely projection.
Here's how we can be sure. If you answer this post, you will be the one further 'delving into this land of irrelevance', proving me incontrovertibly right. Go on. Answer
And that, my friend, is called 'Reverse Psychology'.


On-topic: China had relatively little effect and my guess is that the ETF won't have a dramatic impact, one way or another. Markets don't exactly react to news, they treat it as an excuse to go where they want to anyway. Hence the headlines that say: USD fell in response to disappointing jobs data // USD rose despite disappointing jobs data. We've been in a strong uptrend for months with no real sign of a bubble or blow-off top, so I'm expecting that to continue until such time as it looks like it's overcooked things. At which point China, the ETF or some other reason will provide the 'reason' to switch to bear mode.

Beer o'clock. Over and out.

[promomei]

Monday- huge dump begging new reality here   

[JimboToronto]

Gold partiy is not a lousy ounce, but 1 kg gold 

I thought it was 400 troy ounces (12.4kg). 

I'll take parity with either. 

[jackjack]

Monday- huge dump begging new reality here   

Monday nothing happens

[JimboToronto]

Monday- huge dump begging new reality here   

Why Monday?

Coins to be sold can be moved at any time. It's fiat currency to buy coins that's restricted by banking hours.

If anything, Monday should bring an upsurge.

[PoolMinor]

Also, you are claiming that we are in a downwards spiraling wedge at the moment..

Please look at the picture where I said we are here, did you notice the low part of the wedge is going up, not down?

and you were even implying (though you deny such) that the $800 would be coming sooner.. (but now you seem to be putting that $800 claim a bit further into the future.

Again, just because you jump to conclusions and make inferences based on not actually reading what is typed (even though you quote it) does not make it an implication.
BTW this is not the first time you quoted me and inferred something I never said. And most likely will not be the last.

99% chance!

https://s30.postimg.org/p289x8vj5/844854685.png

Except $1080 is not moon. Accordingly, if 'moon and three sad kitties' has any validity at all (as if), we'd currently be existing the small drop after the booster stage.

Again - $1080 is not moon. $3 was moon in its day, as were $32, $266, and $1117. Today, moon would be somewhere around $7669.

You're correct the moon part of that was January, please look at the picture before responding.



Edit:
$1040->975->$1020->$1005->maybe upwards (more likely end of wedge [60% chance])

[JimboToronto]

please look at the picture before responding.

LOL You take that ridiculous childish "chart" seriously?

That's almost as whacky as your claims earlier that Thursday's dip wasn't caused by Bitcoin withdrawals being suspended at 2 major Chinese exchanges. You seemed to really want to take the credit for predicting it.

I know you confess to being a minor in your username, but just how young are you?