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

[xhomerx10]

can you post a link to some explanation of those two indicators in these panels please? the PVI and Chaitin index?

Looks interesting what data did you use?
 Thanks!

Chaikin
PVI (Positive Volume Index)

This site explains many technical terms - https://www.metastock.com/customer/resources/taaz/default.aspx

[Nagadota]

This is becoming a serious.
https://www.theatlantic.com/technology/archive/2017/05/cryptocurrency-ponzi-schemes/528624/?utm_source=Blockchain+Daily+News&utm_campaign=d11a456ca5-EMAIL_CAMPAIGN_2017_05_22&utm_medium=email&utm_term=0_f86c129914-d11a456ca5-82438491
A very serious.

anyone who can't be bothered to spend thirty seconds googling deserves to have onecoin steal their money. it also has nothing to do with any real crypto market. existing laws will get them eventually.

No one deserves to have their money stolen by anyone.  What you forget is that it's the scammers who usually end up gaining from this, and the scammers deserve to lose their money much more than any victim does.

Onecoin basically collapsed right at the start of the year, didn't it?  If so, why is it taking so long for all these scammers to get arrested?  They have quite a public presence, to say the least.

as for the ico thing.  dunno.

ICOs are being used by scammers, and there are a lot of extremely scammy looking ICOs like Ethereum.link.  But I don't think they have to be - it's just a poorly regulated market.  This could change completely in the coming months if the ICO hype doesn't lose its steam (pretty big if.

[European Central Bank]

No one deserves to have their money stolen by anyone.  

of course they don't. but what they're doing by being blinded by greed and not spending a few seconds trying to figure out whether it's a scam or not is voluntarily opening their wallet to anyone.

people with any sense would walk away. people without sense shouldn't be in charge of their own money. i feel bad for them but it's so obvious i don't feel sorry for them.

[Elwar]

There is no way to escape these people via the digital domain.  The only way out of the debt based and/or usury system is by physical metals used in native coin form.

What if they decide to confiscate or heavily tax possession of gold and silver one day? there is no escape

The answer to that question is simple.  It's highly cost effective and easy for bankers who have co-opted the government to turn the internet into a police state where all transactions can be tracked, monitored, and gouged for fees, while it takes thousands of orders of magnitude more energy and resources to monitor every square inch of physical space in the real world, as opposed to the digital one.  It's just not doable.  Real freedom is found where it's not economical to establish a police state, not places where it's cheap and easy.

The US has outlaws gold before, don't think they wouldn't do it again.

Or worse...they outlaw tungsten then all the gold holders are going down.

[Torque]

people with any sense would walk away. people without sense shouldn't be in charge of their own money. i feel bad for them but it's so obvious i don't feel sorry for them.

Nah, we can't be a nanny state society trying to save everyone from themselves. Education is all we can do. Obvious scams, however, do need to be cut off at the knees before they can harm anyone.

I see young people digging themselves into debt with credit cards and big overpriced houses, or eating and drinking themselves to death, or drug using. They have been guided by their parents (hopefully), and have education about this stuff at their fingertips with the Internet. But I don't want to live in a police state that tries to control what these people do with their money (or debt), or what they do to themselves with drugs or bad eating/drinking habits. People have to take some level of responsibility for themselves.

[JimboToronto]

Good morning Bitcoinland.

After 4 days of slowly rising prices we had a nice little $100 correction and bounce halfway back up and seem to be consolidating well above $2500... currently $2525 (Bitcoinaverage).

This is the kind of moderate growth we need to keep going.

Go Bitcoin go.

[Torque]

And dat hashrate! Go!

[HI-TEC99]

Good morning Bitcoinland.

After 4 days of slowly rising prices we had a nice little $100 correction and bounce halfway back up and seem to be consolidating well above $2500... currently $2525 (Bitcoinaverage).

This is the kind of moderate growth we need to keep going.

Go Bitcoin go.

Bitcoin's price is higher now than at the start of the weekend, and the banks are closed. Maybe the $100 correction was facilitated by the banks taking the weekend off. Hopefully the price will go higher when the banks open on Monday, and wires to exchanges start moving again.

[LFC_Bitcoin]

Good morning Bitcoinland.

After 4 days of slowly rising prices we had a nice little $100 correction and bounce halfway back up and seem to be consolidating well above $2500... currently $2525 (Bitcoinaverage).

This is the kind of moderate growth we need to keep going.

Go Bitcoin go.

Definitely, slow & steady upwards price increments is the way to go. Much better than huge pumps which are unsustainable & are usually followed by an inevitable dump.

Be nice to break $3000 by the end of 2017, that's my personal hope.

[mOgliE]

Good morning Bitcoinland.

After 4 days of slowly rising prices we had a nice little $100 correction and bounce halfway back up and seem to be consolidating well above $2500... currently $2525 (Bitcoinaverage).

This is the kind of moderate growth we need to keep going.

Go Bitcoin go.

Yeah I sure prefer that to the horrible rises we had previously...

Slow and solid growth with small corrections is OK.
I just don't want to see another peak at 3500 for some times... We don't need it and it can't be a stable and healthy rise to reach that ><

[leowonderful]

And dat hashrate! Go!

Bad for my tiny farm I'm stuck in the middle of alts or Bitcoin, I can't find any decently priced cards that can be bought with Bitcoin and my S7s are quickly becoming obsolete. S9 is way too loud. The current growth we are seeing is what we should be getting, if we continue this trend and a correction or two on the way we will be near 3500 on August. No guarantees though.

[craked5]

Good morning Bitcoinland.

After 4 days of slowly rising prices we had a nice little $100 correction and bounce halfway back up and seem to be consolidating well above $2500... currently $2525 (Bitcoinaverage).

This is the kind of moderate growth we need to keep going.

Go Bitcoin go.

Definitely, slow & steady upwards price increments is the way to go. Much better than huge pumps which are unsustainable & are usually followed by an inevitable dump.

Be nice to break $3000 by the end of 2017, that's my personal hope.

That's something I can support!
A 3k break by the end of the year would be ok, much more than a crazy ride to 4k just to see the coin dying back to 2500...

3k is an honest goal. I just hop for a small dip before because something too solid lacks entry points ^^

[White sugar]

Good morning Bitcoinland.

After 4 days of slowly rising prices we had a nice little $100 correction and bounce halfway back up and seem to be consolidating well above $2500... currently $2525 (Bitcoinaverage).

This is the kind of moderate growth we need to keep going.

Go Bitcoin go.

Definitely, slow & steady upwards price increments is the way to go. Much better than huge pumps which are unsustainable & are usually followed by an inevitable dump.

Be nice to break $3000 by the end of 2017, that's my personal hope.

That's something I can support!
A 3k break by the end of the year would be ok, much more than a crazy ride to 4k just to see the coin dying back to 2500...

3k is an honest goal. I just hop for a small dip before because something too solid lacks entry points ^^

Less than $500 from the current level after $1500 rise since January?

Think bigger.

Why not another $1500 rise?

[BitcoinNewsMagazine]

Absent major drama $4200 - $4400 is doable by year end. Look at past ATHs and compare the rise to previous.

[elite3000]

Absent major drama $4200 - $4400 is doable by year end. Look at past ATHs and compare the rise to previous.

Yes, but lots of things may happen in August with a possible hard or soft fork incoming, that could hurt BTC at least for a while, or even make the rise even bigger. One way or another, I think there will be a drama.

[Richy_T]

If you do cash out a significant amount, the problem I see is buying property. AML laws mean solicitors in most Western countries will want to see evidence of source of funds. It is also likely to trigger suspicion, which, at least in the UK, means a SAR (Suspicious Activity Report) being filed with the NCA (National Crime Agency).

Just buy a carwash.

[rjclarke2000]

If you do cash out a significant amount, the problem I see is buying property. AML laws mean solicitors in most Western countries will want to see evidence of source of funds. It is also likely to trigger suspicion, which, at least in the UK, means a SAR (Suspicious Activity Report) being filed with the NCA (National Crime Agency).

Just buy a carwash.

Well this is very bad news. I thought the property thing was a good plan.

[FractalUniverse]

so  pay tax from it and you'll be fine.?

[podyx]

What's this bullshit now?

[Torque]

What's this bullshit now?

China ban bitcoin?