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

[ARTISTCOLONY]

Are we trying to push up or am I being a bit optimistic?

I'm usually completely wrong.

We used to expect a weekend dump, but it pushed up during a few weekends recently. Maybe Bitcoin will surprise us and push up again this weekend. It's only $100 below the ATH.

Being relatively new to bitcoin, I'm concerned with the fact that bitcoin moves mostly on weekends. Why is that or is this just what everyone has come to accept?  Since the numbers are quite high now and new prospective buyers feeling a bit tense in shelling out their dough, I suspect Bitcoin will be a bit more chill this weekend.  

because it's mostly organic investors "weekend warriors" who are getting into bitcoin and microcap-investing

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[Icygreen]

Are we trying to push up or am I being a bit optimistic?

I'm usually completely wrong.

We used to expect a weekend dump, but it pushed up during a few weekends recently. Maybe Bitcoin will surprise us and push up again this weekend. It's only $100 below the ATH.

Being relatively new to bitcoin, I'm concerned with the fact that bitcoin moves mostly on weekends. Why is that or is this just what everyone has come to accept?  Since the numbers are quite high now and new prospective buyers feeling a bit tense in shelling out their dough, I suspect Bitcoin will be a bit more chill this weekend.  

because it's mostly organic investors "weekend warriors" who are getting into bitcoin and microcap-investing

If you're being serious, How do you "know" that? I'd be put at ease to know that was correct.  I have been watching very closely and notice a big difference in the way the books act on all the exchanges starting around 3-4 pm Pacific time, on Friday's.  The numbers look random bot entered to me until around Monday or Tuesday evening. Would you invest differently if you knew someone had a large majority stockpiled and manipulated the price at their will?   

[Torque]

Should be an interesting du.. hum day

This kinda reminds of the summer of 2014. Sell in May and go away. Back then the price barely moved for 6 weeks.

Except we are likely still in a bull market instead of a bear market.

[ARTISTCOLONY]

Are we trying to push up or am I being a bit optimistic?

I'm usually completely wrong.

We used to expect a weekend dump, but it pushed up during a few weekends recently. Maybe Bitcoin will surprise us and push up again this weekend. It's only $100 below the ATH.

Being relatively new to bitcoin, I'm concerned with the fact that bitcoin moves mostly on weekends. Why is that or is this just what everyone has come to accept?  Since the numbers are quite high now and new prospective buyers feeling a bit tense in shelling out their dough, I suspect Bitcoin will be a bit more chill this weekend.  

because it's mostly organic investors "weekend warriors" who are getting into bitcoin and microcap-investing

If you're being serious, How do you "know" that? I'd be put at ease to know that was correct.  I have been watching very closely and notice a big difference in the way the books act on all the exchanges starting around 3-4 pm Pacific time, on Friday's.  The numbers look random bot entered to me until around Monday or Tuesday evening. Would you invest differently if you knew someone had a large majority stockpiled and manipulated the price at their will?    

^imo never INVEST in these cryptographic "coins" and microcaps ~what you do find is dramatic profits from TRADING them!!  

BTC $3333 WALLLZZZZZ ===> ~*~BTCBTC~*~  WEEEEEEEEEEEEEEEEEEEEE


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[BillyBobZorton]

New ATH later today - so nice

I don't think so, it would mean we hit $3000 today... possible, but looks like we are going horizontal for a while. We may hit it in july when everyone moves their BTC to their wallets possibly selling some of their alts before august 1st.

August 1st may be a fucking disaster, so maybe some people buy ETH/LTC in the meantime. ETH is a scam no matter what and LTC is bitmain-coin but I want to hedge against the UASF turbulence while staying in crypto and that seems the way to go.

[yefi]

I don't think so, it would mean we hit $3000 today... possible, but looks like we are going horizontal for a while.

Horizontal? We've had consolidation after a break-out. There could be a massive move up from here...

[JimboToronto]

Good morning Bitcoinland.

I see we're still consolidating after the ATH and correction earlier this week... currently $2848USD (Bitcoinaverage).

Seems to be forming a nice ascending triangle. Hopefully it'll break upwards to a series of new ATHs.

Go Bitcoin go.

[thejaytiesto]

Scenario:
Apocalypse happens,

So tired of people claiming gold and silver are only useful during a zombie apocalypse.  The last time I checked, the percent of time metals are used as money is about 4 billion times higher on normal afternoons than mad max scenarios.  As for why everything except silver and gold are trash:

The real question is, why would anyone use such a thing over gold and silver?  It's blatantly obvious no cryptocurrency is an actual store of value.  How could such a thing be that doesn't even exist in the first place?  That's why it has the word "currency" in the name cryptocurrency and not "money".  All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains.  Since money is a zero sum game, allowing anyone to pretend to be god and act as a central banker issuing currency for profit is a master and slave dynamic.  Hence anyone not using gold and silver is a slave.

Bitcoin kind of tricked people into thinking it replicated those dynamics of gold and silver, but in reality it's designed to centralize into a rent seeking usury system controlled by mining cartels, and those are the new central bankers.  So the fact still remains, anyone not using gold and silver is a slave.

This was already addressed here:

Guys like you always lose. You will spend your life fruitless i know people like you. Stuck in their ways cant see the market. Dont try to make the market do what you want do what the market wants. Gold is hopeless.. it was left behind for a reason. Commodities are headed back to utility value and under that to test miner resolve. After that we will see black swan which will send it to some nice lows. Then we will see.

What a load of shit.  A "black swan" to send metals to "nice lows" HAHA.  The only black swan capable of doing anything to metals is a black hole swallowing the earth.  Meanwhile, there's about 1 million black swans that can destroy bitcoin.  So many liars in this thread claiming bitcoin is a more sound monetary system.  Anonymint has also jumped on the lying bandwagon where he used to parrot Armstrong's claim that the purpose of metals are "a hedge against government", then he started claiming cryptocurrency is better than metals except cryptocurrency provides no hedge against government whatsoever.  Cryptocurrency is a massive counter party risk to government.  You're using the governments infrastructure to even use it for fucks sake.  So by his own definition there is no purpose to cryptocurrency.

This doesn't seem like a good hedge against government. Sure laws are laws and they are there to be (or not) followed, so you could hide your shit, but it's still there somewhere and they can find it.

If you hide a bitcoin wallet inside an encrypted hidden volume you can claim plausible deniability. So gold being a physical thing (that so many goldbugs love because "if you can't touch it then it's useless") is its greatest mistake.

Also have fun trying to cross any borders carrying gold. Tbh gold is useless in a post-encryption environment. Sure, there's a lot of problems that come with using something like bitcoin, but overall it beats gold as "a hedge against government" in my book.

If bitcoin forks tho, and we get 2 fucking coins... then yeah, it probably failed as a store of value, but it's doing good so far.

All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains.

You know what else goes to zero on a long enough timeline? your life, all billionaire's lives and their power delusions, all money, and eventually the universe itself.

[Dafar]

Suprise twist, ETH goes parabolic

I shoud've just converted all my BTC to ETH... seriously... I'd be a milti millionaire right now. Maybe I should do it NOW. Seems like there's a greater chance ETH will reach $300 than BTC reaching $3000. Fucking bullshit.... c'mon bitcoin, you suck these days. The community is shooting themselves in the foot (to boost ETH?) and Ver/Jihan are fucking scumbags trying to ruin bitcoin (to boost ETH?).

Sucks... I cant logically buy ETH when it pumped from $8 in Feb... and it still has no signs of stopping

[European Central Bank]

I shoud've just converted all my BTC to ETH...

easy to say in retrospect. and who knows what tomorrow brings? ethereum is storing up plenty of its own problems for the future. bitcoin might well be in the clear by then.

going all in during any pump doesn't make sense. the time to do it was in 2015 when everyone was at maximum indifference.

[Dafar]

I shoud've just converted all my BTC to ETH...

easy to say in retrospect. and who knows what tomorrow brings? ethereum is storing up plenty of its own problems for the future. bitcoin might well be in the clear by then.

going all in during any pump doesn't make sense. the time to do it was in 2015 when everyone was at maximum indifference.

Yeah, I don't mean to say I have regrets.... it made no logical sense to go all in on ETH after a 1000X rise... who would've known it still wants to go parabolic? Maybe it doesn't stop til $500 or $1000?? And no one in ETH community can explain why other than "ETH is da future!"

I could use some of dat parabolic movement in BTC

[Torque]

I could use some of dat parabolic movement in BTC

Going from a low of 200 to 2900 is not 'parabolic' enough for you?

Wow, greed.

And Bitcoin is not ever going to do 1000% in month or two, or even years. It's too big now, and it would take a Herculean amount of money now with like 500X-1000X leverage to do something like that, and there would have to be an unlimited amount of coins on exchanges (which there are not).

If Bitcoin ever spiked like that, I would be very afraid.

[European Central Bank]

I could use some of dat parabolic movement in BTC

bitcoin doesn't have the ico/dapp hype that's turning into a feedback loop. that was a genius move on their part for as long as it lasts, which won't be much longer.

throw away 5% of your stash on shitcoins and see what happens. all you need is one to go places but kiss it goodbye before it goes just in case.

and didn't you put alot into xmr? aren't you up on that?

[bitserve]

I shoud've just converted all my BTC to ETH...

easy to say in retrospect. and who knows what tomorrow brings? ethereum is storing up plenty of its own problems for the future. bitcoin might well be in the clear by then.

going all in during any pump doesn't make sense. the time to do it was in 2015 when everyone was at maximum indifference.

Another very good moment was when it started pumping from $7 until now. In fact I did buy some at around 15 but sold them all at around 50. The thing is you never know when something is gonna start pumping and, more importantly, it's hard to hold when you don't really believe in that shit and have already got enough profits. I considered it was way overpriced at 40, so i better don't say anything about 250+

Talking about profits, it would have been way better to buy Ripple a couple of months ago when the market cap was below 200 mill and sell them when it reached 10 billion for a 50x increase... But who would have expected that shit to do that?

THere have also been many other shitcoins doing that or even bigger ratio of growth but... Who in their right senses would have bought any sizeable amount of it?

I still think that the altcoin crazyness will come to an end and most of the funds will come back to Bitcoin... but the rally is extending way longer than I expected.

[ARTISTCOLONY]

Good morning Bitcoinland.

I see we're still consolidating after the ATH and correction earlier this week... currently $2848USD (Bitcoinaverage).

Seems to be forming a nice ascending triangle. Hopefully it'll break upwards to a series of new ATHs.

Go Bitcoin go.

g'morning sir   ~ bitcoin rocketing past $3000 and $5000 seems like good place to land...(((stay dialed)))   #ohyeah


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[European Central Bank]

Another very good moment was when it started pumping from $7 until now.

that's the thing.

everyone's crying about missing these returns. maybe 0.1% of the people involved in these markets are in at the right moment and sell at the peak and have enough of them to make any difference to their lives.

everyone else is getting scalped, selling too early, selling at a loss or making 10-20% here and there.

from the outside looking in occasionally it all looks so easy. it ain't.

it's exactly the same as people wishing they'd bought bitcoin in 2010. you'd be long gone by now and you would've blown it along the way.

[Dafar]

I could use some of dat parabolic movement in BTC

Going from a low of 200 to 2900 is not 'parabolic' enough for you?

Wow, greed.

And Bitcoin is not ever going to do 1000% in month or two, or even years. It's too big now, and it would take a Herculean amount of money now with like 500X leverage to do something like that, and there would have to be an unlimited amount of coins on exchanges (which there are not).

If Bitcoin ever spiked like that, I would be very afraid.

Of course I'm greedy, it's human nature... I won't be satisfied until my bitcoin portfolio is worth a million.... even a million these days is pocket change, I'm not asking for much. Are you saying 2X from 2013 ATH is all we are getting after 4 years? Bullshit. Give me at least $5K/btc

I could use some of dat parabolic movement in BTC

bitcoin doesn't have the ico/dapp hype that's turning into a feedback loop. that was a genius move on their part for as long as it lasts, which won't be much longer.

throw away 5% of your stash on shitcoins and see what happens. all you need is one to go places but kiss it goodbye before it goes just in case.

and didn't you put alot into xmr? aren't you up on that?

Is the ico/dapp feedback loop behind the insane price rise? At least that explains something. What sucks is all the newbies getting into crypto looks at ETH as "cheap" relatively to bitcoin and more fun because the price doesn't stop... kinda hurts bitcoin in terms of new adoption.

I don't stay in alts for long... I sold XMR already. I usually sell when I get a conservative 20-30% profit. I had ETH too and sold when I gained like 10% more BTC through the ETH/BTC ratio. Right now the only alt I'm holding is SC (siacoin) with targets to sell at 700 sats

[podyx]

Suprise twist, ETH goes parabolic

I shoud've just converted all my BTC to ETH... seriously... I'd be a milti millionaire right now. Maybe I should do it NOW. Seems like there's a greater chance ETH will reach $300 than BTC reaching $3000. Fucking bullshit.... c'mon bitcoin, you suck these days. The community is shooting themselves in the foot (to boost ETH?) and Ver/Jihan are fucking scumbags trying to ruin bitcoin (to boost ETH?).

Sucks... I cant logically buy ETH when it pumped from $8 in Feb... and it still has no signs of stopping

ETH not crasing yet is the primary sign that I still believe this bitcoin bubble is far from over. It just doesn't make sense how ETH has more then 50% of bitcoins value.

Remember, the markets can stay irrational for longer than you can stay rational.

[Torque]

Give me at least $5K/btc

Trust me, it will get there. I wager we will see a $5K floor, yes floor, by the end of 2020. Supported by miners and by true long holders. Bitcoin will be seen as the only sensible crypto and the true value play. The price of bitcoin will of course continue to increase into the future, but likely more slowly over time. I guess we shall see. 99.99% people have yet to even buy some.

All the other shitcoins are supported by nothing but the pumpers and FOMO hype. When all that changes, and it will someday, the ICO market will get fully labeled as 'SCAM MARKET' and the sensible people will never return there again. They can only pull off the mega scam once.

[podyx]

I just noticed mooncoin is at $60mil market cap.

I was gonna invest in that coin when it was at $22k market cap.

That is a ROI of 2,700. Absolutely ludacris.