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

[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

[Last of the V8s]

https://medium.com/@blairerickson/how-is-a-corrupt-criminal-like-jamie-dimon-not-in-prison-for-fraud-f3a1e7eb4cf6

[Warren Buffert]

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.

Tell that to those big btc pools.

[cAPSLOCK]

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.

One sure way to invalidate your argument is to distort the message of you opposition ad absurdum.

As far as I know $25k is waaaay less than $∞.  And saying something might happen in 5 years is waaaay different that saying something "should be".

[CristiTCM]

ATH guess 01/02/2018

Where are you from though? In the uk I'd read that as 1st Feb 2018. US would read that as Jan 2nd.

Looks like Australia from time. How do they read there? We read it like English.

Actually i'm from Romania

[Torque]

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

The "1% establishment" is just pissed that there are way more people in the world that own $5K worth of bitcoin, than there are that own $5K worth of any of the FANG stocks. This is especially true in countries with a shitload of personal debt.

The "1% establishment" doesn't have a corner on the Bitcoin market through excessive derivative leverage, nor do they have a majority stake, and as such will not get uber rich if all the Average Joes continue to buy up bitcoin to the moon over time. They also can't just whip up more bitcoin from thin air like they can/do with stocks. That is why they absolutely hate it. Because they ultimately can't benefit from it and continue to get enriched from it, like they do from stocks, 401ks, etc.

[jbreher]

You are feeling pretty bold with your lillie thread take over...

'thread take over'? Get over it.

I mean, sure - it's irritating to have to deal with incessant walls-o-text (hint, hint), but it is directly related to the thread topic.

[BlindMayorBitcorn]

Reddit gold:

Crypto is fragmanted unlike other asset exchanges. We do not have 1 large exchange. There are 100's. Each exchange is small compared to centralized stock exchanges. On the stock market, a 10 million buy / sell is meaningless and not enough to move the market. In the independent exchanges in crypto, a small 10 million order has the power to set price. Do you ever wonder why the hell anyone puts in multi-million dollar market orders? The reason they do is to take out part of the order book, causing a large price change, which in turn may be enough to trigger all the stops. Whenever the price crashes, you will always see a series of market sells which then start a chain reaction, dropping the price by a lot.
Before the sell off, they set buys at the level they think they can push to. Basically, they sell for 10 million then buy back in at 9 making a million profit in less than an hour. Rinse and repeat. To help with all this, they also set large buy / sell walls trying to intimidate people to move into a direction they need. Those are those magical ones that are there and poof, they are gone before anyone buys or sells into them. Plus, they employ bots which help to keep constant pressure to one direction, for example buying 25k per minute on the buy side while selling 20k on the other. That creates upward pressure and they are basically buying their own shit back and forth. When they think they reached a resistance level that may become difficult to cross, they start the market rate sell offs. The price of Bitcoin is what they tell us it is since they are creating most of the demand.
They want bitcoin at 5k? they will do it and we just go along for the ride. When they start the huge sell offs at 5k and price goes to 3k, we are along for that ride as well. Until the market matures and all these small exchanges consolidate, we will always be at the mercy of the guys with the most money. This "out in the open" manipulation is why many finance people keep saying fraud. The price is set by market manipulation and not by actual demand or use. Bitcoin went from 900 to 4900 in 6 months. Ever wonder why? Seriously, no one is using it for payments, or any real financial transactions outside of dark markets whose usage actually went down after the silk road bust. So if no one is actually using it more, why would price go 5x for no great reason? The answer to that is that pro traders with millions in backing have found a market that they can manipulate with no repercussions.
Add to that the fact that they know so many in this market have absolutely no finance experience allows them to keep sucking newbies into buying at completely inflated prices that have no real reason to actually be at that level other then the artificially created demand and upwards pressure they are creating.
So there it is in a nutshell. Which is also the reason nobody should EVER gamble their savings on this type of "anything goes" market. No matter what tools you use to predict this market, it will never do what you think it will because you can't predict what an individual may want to do. It wasn't like this before but all the hype is bringing in the well funded Wall street sharks who believe they have found the Disneyland of finance markets. And, they have.