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

[lost_in_base]

Seems to me we will dive under 1900 again, anyone?
Buy support is like 0.00xx mount per order to pump rate.

[quarternions]

Anybody knows whats up with the 150 arbitage from kraken eur/btc and gdax eur/btc?

[ARTISTCOLONY]

Seems to me we will dive under 1900 again, anyone?
Buy support is like 0.00xx mount per order to pump rate.

good luck Tony from bitpay hodled ...cheers on back up to $2500 now

[bitserve]

I'm with ya on this one. I frequently vehemently disagree with the sentiments you post. But this has always been a freewheeling thread. With the caveat that I don't know the content of the specific deleted posts, I'm inclined to think moderation has been irrationally exuberant here.

They changed their policy toward this thread. It's meant to be strictly btc price speculation only. Of course, 80% of the posts arguably aren't, so you end up with the dumb "off-topic" rule being applied arbitrarily.

I got two posts deleted today, one advising another member about gif size limits and another where I posted the "hell yeah mutherfucker" meme when we broke the resistance point of 800 (killjoys lol).

I got deleted a picture with the meme of "That moment when you realize... you could have invested much more". I guess that was several hundred dollars ago... and it was strictly on topic but.... Maybe it's pictures that are offtopic?

ANyway, nothing that is going to ruin my day more than bitcoin actual price.

[orpington]

Seems to me we will dive under 1900 again, anyone?
Buy support is like 0.00xx mount per order to pump rate.

No way!!!

Again

[Xavier59]

My buy point is defenetly between 1600-1800 USD.

[rjclarke2000]

My buy point is defenetly between 1600-1800 USD.

You never know my friend.


....and neither does anyone else here.

[orpington]

My buy point is defenetly between 1600-1800 USD.

You never know my friend.


....and neither does anyone else here.

true

but wouldn't recommend that

1600s possible though

but under 1600 "highly unlikely"

[Xavier59]

You never know my friend.


....and neither does anyone else here.

Of course nobody can see in the future (I think) but this is a price speculation thread ...

[luckygenough56]

Some of us have a direct line to bitcoin Jesus though.

[JayJuanGee]

Seems to me we will dive under 1900 again, anyone?
Buy support is like 0.00xx mount per order to pump rate.

That would be a third leg of a downward correction, which certainly is not out of the question- it is just a matter of how likely it would be.  It would be rather bullish if we do not get a third leg - especially after so much upwards movement from about $890 to $2760, which is really a 3x...

So even though a third downward correction leg remains a possibility, it surely is not inevitable...

We also have a lot of volume, so there still could be some question whether bears are running out of coins.. sure they could buy at a loss, merely to dump them on exchanges to attempt to achieve a third leg.. lot's of fiat out there, yet it remains a question about how it is used.. is it used to dump on bitcoin and to buy alts or is it used to actually pump bitcoin? time will tell  - and probably not a lot of time, we will see movement..   It appears that the current price is not comfortable, yet..

[wiggi]

Imo, the biggest problem right now is ETH. It was $8 at the beginning of the year. It's so severely inflated, that if it keeps crashing, it's going to keep taking everything else with it. That's what happens when you let a competitor gain too much market share. It's stupid that I find in order for BTC to hold its price, or continue rising, that requires ETH to hold a 13x inflated price (since the beginning of March).

I agree with you that ETH is severely overinflated, esp when I have the belief that it was never even intended to be a cryptocurrency in the first place (Vitalik himself said that) and thus hold any significant value. It's been pre-mined to death, and the float is tiny. But even worse, the ETH fans don't even realize that the mining floor is somewhere down around the single digit dollar area, and troll traders took millions of ETH off exchanges for pennies for the last 2 years in anticipation of running it up to the moon. Notice that I said troll traders, not people who actually believe in ETH and are long term holders. So any weakness in buying demand, or any flaw/bug found, or any exchange hacked, and ETH will get dumped into the absolute ground.

But I disagree that this will affect BTC to the negative or in any way whatsoever. It's completely disconnected. If anything, they'll be trading back into BTC on the way down.

Perhaps not only disconnected but negatively correlated. ETH (and XRP) falling means BTC dominance in percent going up, and some investors think along the lines of "if Btc ever loses its top position then all trust in crypto is lost". A price correction of some over-inflated altcoins makes the market look more sane and less bubbly.

[rjclarke2000]

You never know my friend.


....and neither does anyone else here.

Of course can't nobody see in the future (I think) but this is a price speculation thread ...

I like to speculate who speculates.

[JayJuanGee]

My buy point is defenetly between 1600-1800 USD.

You never know my friend.


....and neither does anyone else here.

true

but wouldn't recommend that

1600s possible though

but under 1600 "highly unlikely"

I am not sure about the odds.

Let's say that the current range is between approximately $1950 and and $2,300.

maybe to odds for breaking down are 45% and 55% for up? but then if we break down, then how far down will it go?  greater odds against it the further down that you go.

In theory, you should have already bought a decent amount of coins on these first two downward legs, so waiting for more down before you buy more is not a bad idea.  But if you have not bought, and you are waiting, you might get left behind, no? [insert running after the train.gif]

[sidhujag]

Imo, the biggest problem right now is ETH. It was $8 at the beginning of the year. It's so severely inflated, that if it keeps crashing, it's going to keep taking everything else with it. That's what happens when you let a competitor gain too much market share. It's stupid that I find in order for BTC to hold its price, or continue rising, that requires ETH to hold a 13x inflated price (since the beginning of March).

I agree with you that ETH is severely overinflated, esp when I have the belief that it was never even intended to be a cryptocurrency in the first place (Vitalik himself said that) and thus hold any significant value. It's been pre-mined to death, and the float is tiny. But even worse, the ETH fans don't even realize that the mining floor is somewhere down around the single digit dollar area, and troll traders took millions of ETH off exchanges for pennies for the last 2 years in anticipation of running it up to the moon. Notice that I said troll traders, not people who actually believe in ETH and are long term holders. So any weakness in buying demand, or any flaw/bug found, or any exchange hacked, and ETH will get dumped into the absolute ground.

But I disagree that this will affect BTC to the negative or in any way whatsoever. It's completely disconnected. If anything, they'll be trading back into BTC on the way down.

Perhaps not only disconnected but negatively correlated. ETH (and XRP) falling means BTC dominance in percent going up, and some investors think along the lines of "if Btc ever loses its top position then all trust in crypto is lost". A price correction of some over-inflated altcoins makes the market look more sane and less bubbly.

Eth is at a swing low.. and it represents health in crypto it is good for entire industry for it to rise its good. 0.07 was a target that validated a big bull 0.13 is next target which means btc dominance to fall and entire industry to keep growing... if btc rises without alts its bad. Alts need to rise with btc for solid growth and a happy bull. Been waiting for this correlation to kick in for over 5 years now that its here no way I give in here im hodling

[Icygreen]

My buy point is defenetly between 1600-1800 USD.

You never know my friend.


....and neither does anyone else here.

true

but wouldn't recommend that

1600s possible though

but under 1600 "highly unlikely"

I am not sure about the odds.

Let's say that the current range is between approximately $1950 and and $2,300.

maybe to odds for breaking down are 45% and 55% for up? but then if we break down, then how far down will it go?  greater odds against it the further down that you go.

In theory, you should have already bought a decent amount of coins on these first two downward legs, so waiting for more down before you buy more is not a bad idea.  But if you have not bought, and you are waiting, you might get left behind, no? [insert running after the train.gif]

In the event this goes 1.7k and then 1.2k, what future or top would come next vs. a breakout to 3.5k or 5k now? Would it mean an even larger top or a possible death?

[JayJuanGee]

My buy point is defenetly between 1600-1800 USD.

You never know my friend.


....and neither does anyone else here.

true

but wouldn't recommend that

1600s possible though

but under 1600 "highly unlikely"

I am not sure about the odds.

Let's say that the current range is between approximately $1950 and and $2,300.

maybe to odds for breaking down are 45% and 55% for up? but then if we break down, then how far down will it go?  greater odds against it the further down that you go.

In theory, you should have already bought a decent amount of coins on these first two downward legs, so waiting for more down before you buy more is not a bad idea.  But if you have not bought, and you are waiting, you might get left behind, no? [insert running after the train.gif]

In the event this goes 1.7k and then 1.2k, what future or top would come next vs. a breakout to 3.5k or 5k now? Would it mean an even larger top or a possible death?

What do you think?

Some of us are skeptical about the genuineness of the questions of newbie accounts.

For now, I am going to assume that you are not trolling.. welcome to the forum.


Well, yes, regarding your questions,  if the price breaks below $1850 to $1900 then the next area of support would likely be in the $1500 to $1600 area.. and if it breaks below $1500 then the next area of support would be $1200 to $1300... ..

So, in your question, you are asking about a break down to $1200, and that is not at all bearish.

Remember, it seems like a long time ago, but we were just at $1200 - about a month ago. So, yeah, it is no way bearish to return to $1200.. the same is true about $890, we could return to those seemingly low level price levels and still be in an overall bulltrend.... remember  we moved from $250 to $2760 in about 20 months.


Regarding breaking out to $3k, it becomes more delayed the lower the correction.  At this time, we have not experienced the correction beyond $1850, so it seems a bit premature to talk about what if $3k to $5k in the event of more correction.

We have to see how one leg plays out before predicting the next leg... so yeah, the greater the correction the more likely that more resistance will form at different levels... We have to play these step by step, because we cannot necessarily predict all of the legs, but when one leg happens, then we can attempt to predict the probabilities of the next leg - in either direction... and at the moment up seems more likely than down, but if we go down, then up becomes less and less likely... there is no exact answers, but just a bunch of probabilities that are strung upon each other.

[bitserve]

I really don't understand anything. Many alts have gone 10, 20, 50, or even 75x in the past months while Bitcoin has done "only" a 2x and when we have a correction it gets linear to all cryptocurrencies. I expected the altcoin bubble to pop and start blowing into bitcoin but I am not seeing that yet.

I don't know if I was wrong or if that has yet to come.

What do you guys think?

I have been holding (my non-trading little stash) since 2013 so I will keep doing it no matter what but I am a bit confussed at this time.

[Meuh6879]

Thinking of getting a Trezor. What are the pros and cons with them?

new smartphone comes with 256GB of storage ... enough to store a complet Bitcoin Core Local Blockchain.
(Xiaomi Mix)

Trezo is "hell" to complicate (need plugin and average browser of specific SPV wallet).

[bitserve]

Thinking of getting a Trezor. What are the pros and cons with them?

new smartphone comes with 256GB of storage ... enough to store a complet Bitcoin Core Local Blockchain.
(Xiaomi Mix)

Trezo is "hell" to complicate (need plugin and average browser of specific SPV wallet).

Are you really comparing storing the private keys on an AndroidOS vs a specific external hardware device like Trezor? Are you suggesting running a full core node on a smartphone?

Are you fucking serious?

Do you even have ANY hardware wallet?