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

[Coinnosaurus]

I feel really stupid. Anybody else feel that?

NO

I'm pretty sure that's a bad sign

You should feel stupid

BTC ETH soon to one Saoshi.

Fixed that for you

[Searing]

Engage.....shifting mental mantra mode .......(protect ego mode engaged)

current: pump/pump/pump

(note: detrimental ego effects, due to reality (ie price)  overloading shields...go to alternate ego protection mode setting)

now: cheap coin/cheap coin/cheap coin

result: ego protection sheild flipped to alternate mode. Ego protection status nominal.

Safety mode setting: 0n Ego Protection

Node: Ego Nominal. Status quo on Ego pressure falling. Reality denial mode in 5/4/3/2/1

Sucess: Yes

Reverting to normal operating paramaters: Thinking about Naked stuff...



(hey, whatever works to save my fragile ego)

[r0ach]

Well, on the bright side, if anyone wants to convert their digital rat poison currency to money, both JMBullion and Provident metals accept bitcoin as a payment method for gold and silver now (although the GSR highly favors silver atm):

https://www.jmbullion.com/

https://www.providentmetals.com/

silvergoldbull also takes bitcoin

All these metal merchants stick huge premiums over spot and then offer piddly discounts for using ANY form of payment.

scalp much?

The story of silver premiums is a complicated subject.  Generally silver eagles have the highest premiums, but they're also the most liquid and easiest to resell (in the US).  When you resell a 100 oz, kilo, or 10 oz bar, you get spot back, but a lot of local places will not be interested in such large bars like 100 oz ones, or they will offer you less than spot because $2000 bars are harder to move.  

When you resell eagles, you get more than spot back.  I saw a store owner post the other day that he pays $1.50 over spot for BU eagles.  Current spot is $17.77, so that would be $19.27.  Current price for eagles is $20.50, so you would get 94% back if you immediately resell.  Immediately reselling gold usually gets you back something like 96%, but silver has much higher upside potential.  

Bullion dealers have equipment to test bullion, but a lot of local places don't, so a lot of places only want to deal in stuff like govt minted coins that are easier to spot counterfeits such as eagles or maple leafs.  There is also legislation going through the US right now to try and make it so you don't have to pay capital gains on govt minted silver or gold coins.  That's possibly a large advantage eagles will have over normal bullion, an advantage bitcoin does not have.

[tk3609]

I personally don't think that this dump is going to continue much without a correction. that 900 level looks like a good place to start a small pump and to take profit on some of the shorts. I think that before a major dump we need to see a good old bear trap first and squeeze some shorts

[york780]

I am still hodling guys. Even those whales unloaded 1000 coins  

[Lauda]

This was somewhat unexpected, I had some shopping plans coming up soon. I guess I'll have to hold onto my Bitcoin.
That aside, this is the direct result of the hard fork (which is unnecessary anyways) propaganda from Ver & Jihan. Not long ago, the SEC decision was a really big event. Tens of thousands of people were waiting for it that day. The negative decision was corrected (price vise) in a matter of days. The price may get even messier, but hopefully $900 holds as some sort of *bottom*. However, keep in mind the following:
Segwit is going to activate, because the economy & supermajority of users are in support of it. Read the BIP 148 UASF Segwit: https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

[Searing]

I am still hodling guys. Even those whales unloaded 1000 coins  

Well I only have hobby/time/labor in ..mined my way out of any of my $$$ in coin since 2013...thus
at $1 bitcoin ..I STILL WIN!

(all about the ego protection and cheap coins ...in that I have no control of either....best to just be delusional with above)

1 year ago was still 25k into BTC I'd would have been freaking out thou Still sucks thou....$$$ are falling out of my broken sack ..btc price wise

This was somewhat unexpected, I had some shopping plans coming up soon. I guess I'll have to hold onto my Bitcoin.
That aside, this is the direct result of the hard fork (which is unnecessary anyways) propaganda from Ver & Jihan. Not long ago, the SEC decision was a really big event. Tens of thousands of people were waiting for it that day. The negative decision was corrected (price vise) in a matter of days. The price may get even messier, but hopefully $900 holds as some sort of *bottom*. However, keep in mind the following:
Segwit is going to activate, because the economy & supermajority of users are in support of it. Read the BIP 148 UASF Segwit: https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

can't miners just play blockage and thus stalemate? ....don't get how this can work if 30% of folk want BU..or am I just in denial about the 'inevitable' fork of BTC

[Ted E. Bare]

Did you manage to buy?

[york780]

Did you manage to buy?

Not yet, i have fiat money on april 1. So i still think its going to be worth it. I reduced the price damage by some ether trading. But it feels so bad to trade bitcoin for such a thing called ether.

[Lauda]

can't miners just play blockage and thus stalemate? ....don't get how this can work if 30% of folk want BU..or am I just in denial about the 'inevitable' fork of BTC

Did you even read the BIP before asking questions? This does not really need miners, especially not 95% as the BIP9 activation does. It sets a flag day. When this day is reached, anyone running this BIP (Bitfury is already testing it) is producing Segwit blocks and this is compatible with all >0.13.1 nodes.

Did you manage to buy?

There is some *sell* pressure with a minor wall now. The order book was much thinner yesterday. Bitcoin price seems just as unpredictable as it used to be.

[Searing]

Did you manage to buy?

me yeah been buying on the way down...about ....3.15 btc me thinks? something like that 1.75 at $1069...(ouch) rest at around $903 usd just now..

i need to 'attic mine' sell the 5k of crap in my attic on ebay and buy btc.....the only way to 'home mine' now...alas it is soooooooo boring

but anyway tapped out..need to get off butt an attic mine..uneeded crap to get $$$ for btc at these prices....

Just think thou if BTC goes to beanie baby status or tulips....WE WIN...they put me in the Nursing home in 20years think of all the BTC I'd have on
my usb on the keychain..I would be a god (in my own mind....and with dementia....may even believe it!) win/win

[PoolMinor]

Did you manage to buy?

Did you......did you....did you......? ? ? ? ?  ? ? ? ?

[Searing]

can't miners just play blockage and thus stalemate? ....don't get how this can work if 30% of folk want BU..or am I just in denial about the 'inevitable' fork of BTC

Did you even read the BIP before asking questions? This does not really need miners, especially not 95% as the BIP9 activation does. It sets a flag day. When this day is reached, anyone running this BIP (Bitfury is already testing it) is producing Segwit blocks and this is compatible with all >0.13.1 nodes.

Did you manage to buy?

There is some *sell* pressure with a minor wall now. The order book was much thinner yesterday. Bitcoin price seems just as unpredictable as it used to be.

Would just 'justify' a BU fork in my view.....thus price of $200 buck coin....would both chains recover with that 'brand name of bitcoin' hit

Just saying if it was that easy ...why ask for 95% activation....for seg witness in the first place..just feel I missing the other shoe to fall ..seems too easy

(hope I am wrong however)

[Lauda]

Would just 'justify' a BU fork in my view.....thus price of $200 buck coin....would both chains recover with that 'brand name of bitcoin' hit

Just saying if it was that easy ...why ask for 95% activation....for seg witness in the first place..just feel I missing the other shoe to fall ..seems too easy

(hope I am wrong however)

No. Practically almost the whole economy and a super majority of users are supporting Segwit (have implemented/are testing/have planned an implementation of Segwit). This is only the Jihan & Ver cartel blocking consensus from forming. They can create their worthless fork, nobody wants it. Segwit is activating, with or without them.
Once this issue has been taken care of, I expect the trust & positive bull trend to continue. If everything ends up being *okay*, I expect the price above $2k in the months post activation. A lot of people are just uninformed about the real benefits of Segwit (capacity aside). This is primarily due to the propaganda lies, as found on r/btc.

[york780]

Its done guys, its finally over

https://www.tradingview.com/chart/BTCUSD/t7QtvrJg-BITCOIN/

https://www.tradingview.com/chart/BTCUSD/5S7N1OUT-BTC-MORE-DROP-COMING/

https://www.tradingview.com/chart/BTCUSD3M/jNG1byY6-My-MACD-strategy-system/

https://www.tradingview.com/chart/BTCCNY/PpREDDYJ-It-s-time-to-take-a-rest/

https://www.tradingview.com/chart/BTCUSD/68wxysiu-incoming/



5 charts to confirm that we will go up.  

[Searing]

Would just 'justify' a BU fork in my view.....thus price of $200 buck coin....would both chains recover with that 'brand name of bitcoin' hit

Just saying if it was that easy ...why ask for 95% activation....for seg witness in the first place..just feel I missing the other shoe to fall ..seems too easy

(hope I am wrong however)

No. Practically almost the whole economy and a super majority of users are supporting Segwit (have implemented/are testing/have planned an implementation of Segwit). This is only the Jihan & Ver cartel blocking consensus from forming. They can create their worthless fork, nobody wants it. Segwit is activating, with or without them.
Once this issue has been taken care of, I expect the trust & positive bull trend to continue. If everything ends up being *okay*, I expect the price above $2k in the months post activation. A lot of people are just uninformed about the real benefits of Segwit (capacity aside). This is primarily due to the propaganda lies, as found on r/btc.

I certainly hope your view is correct and my fears are not! Anyway, for now I'm just gonna go with the flow with your view (sunny fellow I am) and assume if I hold long
enough it will work out....(i did hold since 2013 mining..and have nothing in the btc i own anymore but time/labor/mining) ...thus need to play the long game
and liguidate some crap on ebay for more $$$$ to toss at BTC. IF BTC goes tulips its a win/win...attic is empty..easy 1k to make rec room house value goes up 10k..if
btc pumps 5k of crap in there for putting on boring ebay...works also...need to get motivated...mantra cheap coin/cheap coin..to get over ebay slump of horror
drudgery of putting stuff up for $$$ to get BTC

argh..just pump to 2k already and I'd not be worrying about frigging 2.25k of btc in my attic in $$$ towards ebay

[Cassius]

Its done guys, its finally over

https://www.tradingview.com/chart/BTCUSD/t7QtvrJg-BITCOIN/

https://www.tradingview.com/chart/BTCUSD/5S7N1OUT-BTC-MORE-DROP-COMING/

https://www.tradingview.com/chart/BTCUSD3M/jNG1byY6-My-MACD-strategy-system/

https://www.tradingview.com/chart/BTCCNY/PpREDDYJ-It-s-time-to-take-a-rest/

https://www.tradingview.com/chart/BTCUSD/68wxysiu-incoming/



5 charts to confirm that we will go up.  

Well, you called the dump pretty well. Bottom was $900.20.

[r0ach]

tulips....

Also, after watching Ethereum, where some R3 banker dirtbags and people like Digital Currency Group control the entire premine, I generally think any market where you can leverage non-existent, make believe assets is just a complete fraud by default.  They can't sell because...they are the entire market...so it's an illiquid asset.  So what do they do?  Just use their giant premine as collateral to leverage the price higher to try and attract momentum traders to buy their toxic asset.  It's an even bigger scam than selling subprime mortgage backed securities.

This is why I say I hope you people bought some physical, tangible items with your moon priced bitcoins, because everything about digital currency trading and price is so heinously fraudulent (as can be seen by 0.1 btc priced darkcoins), that it's all going to come collapsing down in a big way someday.  It's obviously not a store of value when nobody is even putting anything of value on the line in a lot of cases in the first place...leveraging illiquid assets...

[HanvanBitcoin]

Its done guys, its finally over

https://www.tradingview.com/chart/BTCUSD/t7QtvrJg-BITCOIN/

https://www.tradingview.com/chart/BTCUSD/5S7N1OUT-BTC-MORE-DROP-COMING/

https://www.tradingview.com/chart/BTCUSD3M/jNG1byY6-My-MACD-strategy-system/

https://www.tradingview.com/chart/BTCCNY/PpREDDYJ-It-s-time-to-take-a-rest/

https://www.tradingview.com/chart/BTCUSD/68wxysiu-incoming/



5 charts to confirm that we will go up.  

I hope you're right  just bought 10 more BTC

[york780]

Its done guys, its finally over

https://www.tradingview.com/chart/BTCUSD/t7QtvrJg-BITCOIN/

https://www.tradingview.com/chart/BTCUSD/5S7N1OUT-BTC-MORE-DROP-COMING/

https://www.tradingview.com/chart/BTCUSD3M/jNG1byY6-My-MACD-strategy-system/

https://www.tradingview.com/chart/BTCCNY/PpREDDYJ-It-s-time-to-take-a-rest/

https://www.tradingview.com/chart/BTCUSD/68wxysiu-incoming/



5 charts to confirm that we will go up.  

Well, you called the dump pretty well. Bottom was $900.20.

Still 0.20$ from being correct.  
The patterns before this dump tells us that we will have a 700$ increase from here if consolidation+bullrun happens next.