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

[silverston]

Now there is a corridor, but from which it is more likely to go up than down. I think the market is gradually becoming bullish

[jojo69]

starting to hear some capitulation in this thread...BULLISH!

[Samarkand]

In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  

Around 2020 is when the oil industry might implode in a Seneca cliff, if not sooner since something like 1/2 of the oil from the US is from these new exotic and uneconomical shale type startups.

https://bitcointalk.org/index.php?topic=1082909.msg21357171#msg21357171

Isn´t oil consumption going to go down by a lot, if electric cars go mainstream (and electric trucks)? I don´t see the oil industry exploding any time soon, because
most oil producing countries still have giant reserves that can be exploited.

@micgoossens
I´m disappointed that my reasoning for my ATH guess was not enough to get the desired * in order to compete for the 2nd price  
Nevertheless, you are running a great competition, which is a lot of fun! Thank you for running this promotion again  

On an unrelated note, the altcoin with the biggest price rise in the last 24 hours has the fitting name RISE.

[El duderino_]

In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  

Around 2020 is when the oil industry might implode in a Seneca cliff, if not sooner since something like 1/2 of the oil from the US is from these new exotic and uneconomical shale type startups.

https://bitcointalk.org/index.php?topic=1082909.msg21357171#msg21357171

Isn´t oil consumption going to go down by a lot, if electric cars go mainstream (and electric trucks)? I don´t see the oil industry exploding any time soon, because
most oil producing countries still have giant reserves that can be exploited.

@micgoossens
I´m disappointed that my reasoning for my ATH guess was not enough to get the desired * in order to compete for the 2nd price  
Nevertheless, you are running a great competition, which is a lot of fun! Thank you for running this promotion again  

On an unrelated note, the altcoin with the biggest price rise in the last 24 hours has the fitting name RISE.

What did you give as reason maybe i mist something ..... sorry let me know So i can update...

[iamrohitkgupta]

In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  

I fear another 2 year bitcoin hibernation period before much more amazing prices. We have lived through that 4 year cycle a few times already, I have little doubt it won't happen again.

I'm still holding though. But this time I will not have a job when it hits the 2 year low to buy all of those cheap coins.

It's difficult to tell until November end. You will probably have much clearer picture then.

November will be a nothingburger!
If they fork-off, it will be an altcoin! B2X never will be the legacy chain. The vast majority of the ecosystem is against that fork.Therefore it's another chance to get some free money like bcash was. There will be another one with BTCGPU/BGold as well!
For now I stay pretty bullish for another upwards move and a possibility of a new ATH. But for sure we will see some bear phase of a few months again at some point, no doubt about that. Right now the shakeouts had been about showing strongs hands and faith. The longer bear and consolidation phases again will be about patience! These times are often extremely boring for many people, but great for more accumulation.

First the bull run for free money followed by bear phase = free money + more bitcoins.
November's gonna be great!

[jojo69]

Isn´t oil consumption going to go down by a lot, if electric cars go mainstream (and electric trucks)?

because the electricity to run cars comes from unicorn piss?

[ParabellumLite]

In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  

I fear another 2 year bitcoin hibernation period before much more amazing prices. We have lived through that 4 year cycle a few times already, I have little doubt it won't happen again.

I'm still holding though. But this time I will not have a job when it hits the 2 year low to buy all of those cheap coins.

I'm surprised. Normally you are a permabull in just about every situation, and suddenly you had a change of heart. Weird, and unexpected, as I didn't expect you to even think of the option BTC could go the opposite way.
My opinion of you has really changed for the better now.

But why the sudden change of heart?

[realr0ach]

In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  

I fear another 2 year bitcoin hibernation period before much more amazing prices. We have lived through that 4 year cycle a few times already, I have little doubt it won't happen again.

I'm still holding though. But this time I will not have a job when it hits the 2 year low to buy all of those cheap coins.

I'm surprised. Normally you are a permabull in just about every situation, and suddenly you had a change of heart. Weird, and unexpected, as I didn't expect you to even think of the option BTC could go the opposite way.
My opinion of you has really changed for the better now.

But why the sudden change of heart?

He apparently watched the bitcoin theme song:

https://youtube.com/watch?v=lwL3yP260AQ

[Meuh6879]

because the electricity to run cars comes from unicorn piss?

Coal & Gaz.
less expensive than oil/gas.

[JayJuanGee]

In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  

I fear another 2 year bitcoin hibernation period before much more amazing prices. We have lived through that 4 year cycle a few times already, I have little doubt it won't happen again.

I'm still holding though. But this time I will not have a job when it hits the 2 year low to buy all of those cheap coins.

I'm surprised. Normally you are a permabull in just about every situation, and suddenly you had a change of heart. Weird, and unexpected, as I didn't expect you to even think of the option BTC could go the opposite way.
My opinion of you has really changed for the better now.

But why the sudden change of heart?

It is way too fucking early to be calling a bear market, merely based on cycles and random expectations.  Furthermore, there continues to be a lot of money and attention coming into the cryptospace which affects bitcoin, including whether the curve has been steep enough in the last price run up in order to justify to transitioning to a bear market.  Sure, it is possible that we have transitioned into a bitcoin bear market or that we are transitioning into such a bear market, but usually we are not going to know until we get below a certain price point, which probably would need to go below and stay below $2500 for a  period of time... surely, it is possible that Elwar is referring to some kind of extended price correction of a few months rather than referring to an actual bear market that might last longer than a year and approaching two years or more.

Sure prepare yourselves for up or down or sideways, yet I still place the odds of up to be greater than the odds of down, especially if we are considering between now and early 2018 - in other words, we are probably more likely to have another ATH before  March 2018 - and decent odds of much sooner (before the end of this calendar year) rather than changing our current upwards trend.

My gosh, we experience about a 90% price increase from $2600 to $4980 in less than a month and then  a 40% correction in the following 2 weeks - and all of a sudden the bull market is over?  Get a grip, supposedly former bulls!!!!  Zoom out a bit.  Put this matter in perspective.

[empowering]

In all honesty, even though I already put in my guess, I predict the next ATH will not be until 2020  

I fear another 2 year bitcoin hibernation period before much more amazing prices. We have lived through that 4 year cycle a few times already, I have little doubt it won't happen again.

I'm still holding though. But this time I will not have a job when it hits the 2 year low to buy all of those cheap coins.

I will be joining J McAfee and sucking my own dick on youtube if this is the case!!

[CryptoForofo]

Can someone recommend a newbie what to do now?
Sell or Hold?

Thanks

[jojo69]

Can someone recommend a newbie what to do now?
Sell or Hold?

Thanks

Hodl friend

[FractalUniverse]

..and buy more if it gets lower

[Chef Ramsay]

https://twitter.com/TuurDemeester/status/909356077233221638

[realr0ach]

https://twitter.com/TuurDemeester/status/909356077233221638

Every day in bitcoin is some jackass trying to fabricate some type of "fact" to justify why the price should be infinity and since the price is currently not infinity, it has to be undervalued.  Nevermind the fact all crypto is designed to centralize, thus invalidating it's entire claimed fundamental value proposition.

[conspirosphere.tk]

Nevermind the fact all crypto is designed to centralize, thus invalidating it's entire claimed fundamental value proposition.

You can't centralize money if you lack a money printer + taxation/extortion system.

[CircularLoGic]

Can someone recommend a newbie what to do now?
Sell or Hold?

Thanks

I recommend to buy low and sell high to later hold.

[oldtimegin]

Coming out of lurk-mode to take part in this generous ATH contest. My prediction is 15th May 2018.
Reason:
I think we are now in a sideways and probably slightly falling trend. This will be a boring market for some time where we slowly fill in the trading area we moved so quick through on the way up. I see we might even go below $2000, but very slowly. Then we will hit the 1&2 yearly moving averages. This will trigger some major buying and within a month or two after this we should see new ATHs. Yes I am a bit negative short term, but this will be very healthy and set up a move to 10k and beyond.

[600watt]

Every day in bitcointalk is some jackass trying to fabricate some type of "fact" to justify why the price of pm´s should be infinity and since the price is currently not infinity, it has to be undervalued.

ftfy