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

[Wekkel]

*sigh*
More PBoC FUD.
And down she goes...

Source please?

https://www.wsj.com/articles/china-widens-bitcoin-crackdown-beyond-commercial-trading-1505733976?mod=e2tw

So I am supposed to subscribe for receiving my daily FUD?

[Meuh6879]

Only 1000 days to go.  

+2% per day ?

And We WILL.

[Torque]

Q: So what do you do when you are large, wealthy hedge fund investors, and you want to take a large position in Bitcoin? You don't want to pay market price and enter long, as there are not enough coins in the exchange float to get a good price.

A: And the best way to 'shake the trees' is...? (Hint: it just happened) 

[Last of the V8s]

 @blockdigest 8 minutes ago
Join us in 90 minutes for a chat on crypto scams and the Monero roadmap with @fluffypony http://youtu.be/Jw3GXmNKopo  #Bitcoin $XMR

[Wekkel]

I was told cheap coins? 

[philip2000uk]

I didn't expected this rebound back to $4000+ so fast 

Also, today at work some co-workers came to me asking that i should sell my coins asap because...they saw that article from JPMorgan.

I told them that's bullshit they should buy the dip with a smile on my face.

They where laughing so hard they had tears in there eyes...

Explaining why they where wrong is just talking to a wall...just pointless.

Those faces are priceless when we reach a new ATH again 

 One of these ATH's I hope not to have co-workers anymore 
(except my two gifted guys of course - you know who you are!)

I bought LTC at $14 and then it dropped to $3 but held it

1 Minute silence for the golden bitcoins dropped on the way down to be picked up by others

(having said that, a while back i sold and lost 0.5 i only have 1.2 now and 28 ltc)
Hold until 1 mill

I had weathered a big drop before, and kept my BTC, but lost interest in it for a couple of years (no mining, no posting here, etc.). Long time hodler so, but mostly invested in the stock market. When we passed 2000€ a few months ago I decided that the stock market wasn't good enough, sold all I could and more than doubled my BTC stash.

I wasn't entirely sure of my hodler resolve after that bold move, since BTC went from ATH to ATH, there was no test of it.

When it went down the other day, I can't say I was happy (for one I had no fiat to buy the dip), but dumping never even came up in my mind.

So now I'm more certain than ever, hodl !

My coworkers want me to sell too. I have told them that my goal is to leave them fending for themselves while spending my days drinking mojitos on a beach, but they don't understand, they don't believe it's possible.

[jojo69]

I was told cheap coins? 

what? you didn't get any of them?

[empowering]

I was told cheap coins? 

These are cheap coins...

Ask your future self

Stick a note in your diary for 18/09/2019  saying "Today on 18/09/2017 Bitcoin was $3980 - Are these cheap coins?" and then we can have a chuckle when the time comes.

[realr0ach]

So bitcoin does indeed "allow you to do something that metals don't" which is to hold a genuine bearer token.

You're just repeating false Andreas Antonopolous pumper propaganda that isn't true.  You never actually "own" a bitcoin; there is nothing to own in the first place.  Your so called "coin" is just a virtual loaf of bread in cyberspace that's impossible for you to take custody of.

Bitcoin has permanent middlemen custodians and counter party risk in the form of transaction validators.  These are who actually own the coins because bitcoin is NOT a permissionless system.  The transactions are not blinded, they can pick and choose which to allow through.  Transaction validators are designed to centralize through economy of scale, which will then be run by either like 3 corporations or the govt itself.

Choosing to participate in bitcoin at all means you are signing up to be someone's bitch (inevitably the govt) in a permissioned system.  Metals are actual permissionless systems, bitcoin is NOT.  You're required to ask permission of a transaction validator anytime you want to move a bitcoin (which will be controlled by govt); you don't have to for metals.

Bitcoin is anti-freedom new world order garbage.

[empowering]

[realr0ach]

The replies from you peasants are always completely unable to address any issues I discuss at all.  It's always just "that can't be true! someone told me bitcoin was permissionless!".  It's only permissionless if it's not designed to centralize, but it's not possible to create a decentralized craptocurrency in the first place.

[gembitz]

lmfao ===> https://www.youtube.com/watch?v=DebXX7naIr8

MaxKeiser is a cuck, I don't understand how anybody can like him. Does nobody remember MaxCoin?

He used to shill MaxCoin constantly on his RT show, sold it for several dollars a unit. It's now 63 satoshi on coinmarketcap.

Anti Keiser Coin https://bitcointalk.org/index.php?topic=491256.0 is basically the same fucking value.

Max's voice is annoying as hell, he's like a loser teenage geek who got a talk show. I don't ever hear him make any interesting points on the rare occasion I listen to his show. There's no Brilliant Intelligence there.

Peter Schiff says at one point "Could Bitcoin drop to $10, $20? Could it go to $10,000 first? Sure!" At least he stands behind his position and puts thought into it, acknowledges room for error.

Max is just a dirty rat with a goofy smile.  

Max Keiser totally tried to hijack Bitcoin with his crappy MAXCoin.

He "launched it" "live" on his show, (JOKE, JOKE) but of course there was a huge pre-mine.

He's funny.  You can laugh with him or laugh at him.  I used to watch the Keiser Report.

Now I just ignore him -- like I'm gonna do with some of these N00BS.

WHAT IF I TOLD YOU MAX IS SATOSHI??         ~n00bzzz

[cAPSLOCK]

At what point would we leave "return to normal" behind?

Pretty sure it's the Despair part that happens next. :/

[realr0ach]

Pretty sure it's the Despair part that happens next. :/

It's "the price is a fabricated scam controlled entirely by one single guy/entity on Bitfinex since it was $200" is what's next.

[JayJuanGee]

From what I have seen, it seems as though the skyward shots are directly preceded by two or more weekly red candles.  I think it's time to strap in again. HODLn'!

edit: sorry...cant attach an image since I'm on an old tablet with bad memory (both of ours)

Well you are NOT fucking going to get two or more preceding weekly red candles, because currently, under present facts, we only have one preceding red weekly candle and we are in the middle of a second weekly candle that happens to currently be red (and price needs to go above $4250 for this week's currently red candle to transform into green - and we are only about half way into this week's candle)...


Your point about returning up on a kind of rocket (from here), may or may not happen...  I would not be surprised either way, at this point.  It seems a bit unclear at this point whether the bears are exhausted and whether enough FUD has been effectively disseminated in order to cause regular folks to panic dump, after already going through an approximately 25% correction...  as we stand, currently.

 You speak as if I WANT 2 weekly red candles and I don't really care so much for the red as I prefer the green.  Also, what if my  chart is set up such that a week started on August 28th?  I am seeing red... More specifically, 2 red weekly candles and if those lead to a rocketing skyward if only by coincidence, I will still celebrate.
 

You don't select your own week.. we tend to use standards.. .such as bitstamp and bitcoinwisdom...   If you are using some other standard, then you should point that out in order that others understand what you are saying.  right?

 If I pull up bitcoinwisdom and select weekly, I see two red candles and one is getting bigger.  What do you see?!

O.k.. at least we are on the same page, then.

One red candle is for last week and the other red candle is for the week that we are currently in.

The weekly candle on that platform closes at midnight sunday Universal Time (UT).

By the way, it would not be accurate to talk about past weekly candles when referring to a current week, even if odds might be pretty decent that this week will turn out red.  Actually the odds of this week's candle remaining red are greater now, then they were when you had made the first post in this thread of discussion.

Thanks, I understand now.  I'm not a trader; I'm a hodler.  I know just enough about a technical chart to be dangerous.

 So, we got our (at least) 2 weekly red candles.   Moon in 3...2...1...

Yes. Agreed.  It appears that last week's candle closed at about $3670, so this week's candle will remain green, unless the price drops below $3670, and at this point, it seems pretty decent odds that this week's candle will be green, no?  We still have nearly 6 days, to find out (and we know that a lot can happen in bitcoinlandia in 6 days -    )

[empowering]

Roach... (triggered)

Do you need a hug ?
 
You seem unable to be decent? ever- do you struggle with communicating in RL too?

[empowering]

At what point would we leave "return to normal" behind?

Pretty sure it's the Despair part that happens next. :/

hmmmmm....


Can you tell  me where you think the price was at "take off" during "awareness stage"  and  then tell me exactly who those institutional buyers were at that time... as per the chart?

V curious.

Accordingly we still don't have significant "institutional money" so would this not put us somewhere far further back on the chart?

Serious question... what significant institutional investors money was getting in at say $200?  because as far as I remember - institutional money was about as interested in BTC as dogshit- until very recently -and even recently they have surely hardly even dipped their toe? or can you point to where institutional investors came in? and who  do you suppose those institutional investors are ?

Curious as to your logic.

Or do you just mean we are about to reach a despair phase in a lesser cycle?

(ps also I hear an estimate that there are 300,000 people that hold more than a whole  Bitcoin-are you saying that the "Public" have been buying already? again I don't see it yet- do you suppose it could be that we are much further back on the chart - I ask again?)

(pps- could it be that we are still taxiing on runway - prior to take off?)

(or could it be that one size fits all generic charts - just are not accurate models?)

[gentlemand]

You seem unable to be decent? ever- do you struggle with communicating in RL too?

It doesn't communicate in RL. Outside the institution they fit a spit hood to it.

[JimboToronto]

MaxKeiser is a cuck, I don't understand how anybody can like him. Does nobody remember MaxCoin?

He used to shill MaxCoin constantly on his RT show, sold it for several dollars a unit. It's now 63 satoshi on coinmarketcap.

Anti Keiser Coin https://bitcointalk.org/index.php?topic=491256.0 is basically the same fucking value.

Max's voice is annoying as hell, he's like a loser teenage geek who got a talk show. I don't ever hear him make any interesting points on the rare occasion I listen to his show. There's no Brilliant Intelligence there.

Peter Schiff says at one point "Could Bitcoin drop to $10, $20? Could it go to $10,000 first? Sure!" At least he stands behind his position and puts thought into it, acknowledges room for error.

Max is just a dirty rat with a goofy smile.  

Max Keiser totally tried to hijack Bitcoin with his crappy MAXCoin.

He "launched it" "live" on his show, (JOKE, JOKE) but of course there was a huge pre-mine.

He's funny.  You can laugh with him or laugh at him.  I used to watch the Keiser Report.

Now I just ignore him -- like I'm gonna do with some of these N00BS.

Aw c'mon. He's just another TV personality like Paris Hilton, Alex Jones, or Donald Trump.

There's no shizz like bo shizz. 

[Torque]

I kinda agree with 404Revolution on Max Keiser though, in that he had me believing he was one of us right up until that whole MaxCoin fiasco.

You can't believe in Bitcoin as a single, consolidated worldwide payment system, and then simultaneously actively seek to compete/usurp/undermine it by launching another coin version or fork with your own fkn name on it.

I mean, just how narcissistic is that guy? And it shows that all he cared about at the time was money. It forever put a stain on his rep as anti-establishment "truth teller". Just goes to show that you can't let your guard down on these tv personality types, even if they are out there preaching things that you happen to agree with.