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

[JayJuanGee]

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins...

I'm not sure what you mean by that ?
I'm sure there are a few folks with at least 2k coins posting in this thread...
EDIT: Grammar.

I was merely exaggerating to make a point to asserting that I don't have anywhere near 2k coins.   I am not trying to ascribe what I believe others should or not choose to do.

... but the implication you seem to have made is that people that are BTC-rich, are too self-important or detached to participate-in/observe this thread.

No ?

O.k... I concede that my remarks may have caused that kind of implication, but I still assert that I was engaged in a kind of exaggeration (which is more or less a joke)... so anyone who happens to be bitcoin rich should consider my remarks as form of flattery rather than any kind of insult....

By the way, anyone who gets in the territory of possessing 2k coins or more, with these prices, is truly in a position of privilege, luck, and/or power.  As we know money buys power, and when you have power, you sometimes might get criticized for  having such power, but that does not mean that you did not earn it or that you were not lucky... but sometimes you become a target of jokes (sure you are not filthy rich, but you are in a good position). 

Another point that I made is that in the future a person of much fewer coins (maybe as few as maintaining 10 coins) might start to fit into a similar privileged category, even though s/he may not have started from such privilege.

Many of us involved in bitcoin are lucky to know about bitcoin and to be involved in bitcoin... cross your finger boys and girl.   

[Chef Ramsay]

https://twitter.com/BitfuryGeorge/status/911408449782771712

[conspirosphere.tk]

in the last few months btc bounced up from the EMA100 two times already. Another one seems likely in case we touch it.



edit: good TA here:
https://bravenewcoin.com/news/bitcoin-price-analysis-block-size-and-fee-debate-fade/

The Bitcoin market continues to recover from the shock of a large pullback. The long standing bull trend remains strongly intact. Ichimoku Cloud, Pitchforks, and EMAs all support this notion.

[drbrockcoin]

Financial freedom has always been a political issue.

But the game has changed - the question has been chrystalised. And unless the answer can be sufficiently succinct then the argument will be lost.

Only need a few 'bad apples' (ie. govt.s with more to gain from BTC (and the financial emancipation of its citizens) than they have to lose) and the whole house of cards could well come crashing down.

US is looking good to me. China is moving towards dumping USD as reserve currency + US has a long ideological history of freedom of individual etc.

But more likely it will take route, on a national scale, in smaller countries first and foremost.

Having said that, Japan is looking good too.

Give me a break dude. Your American I guess? Cant blame you the propaganda is strong there 

[ragnar0k]

Financial freedom has always been a political issue.

But the game has changed - the question has been chrystalised. And unless the answer can be sufficiently succinct then the argument will be lost.

Only need a few 'bad apples' (ie. govt.s with more to gain from BTC (and the financial emancipation of its citizens) than they have to lose) and the whole house of cards could well come crashing down.

US is looking good to me. China is moving towards dumping USD as reserve currency + US has a long ideological history of freedom of individual etc.

But more likely it will take route, on a national scale, in smaller countries first and foremost.

Having said that, Japan is looking good too.

Give me a break dude. Your American I guess? Cant blame you the propaganda is strong there 

Meh. They already failed trying to jail people for pirating music/movies and at least they had a valid reason there (copyright). I wonder how they can crack down bitcoin holders... Are they sending people to jail with rapists for owning a handful of bits? No wonder china is not banning bitcoin, its a legal headache

[SimonJones]

This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.

https://www.reddit.com/user/crayon_smell

This is an amazing picture.

[profitgenerator212]

That chart is bullshit, in my 10+ years of trading experience and I have never seen a market behave like that. 

Bitcoin has done that exact thing several times already.

It's like a broken record with this thing. The only thing that matters is that the "mean" is upward moving over time. Something the dollar and fiat currencies do not do.

No. It hasn't done that patern and I can tell you from my experience that that pattern will probably never be done in a rational free market.

The forex markets are heavily manipulated in an irrational manner by central banks but even them don't do moves like that.

I say this as a quantitative analys who has been working with some market analysis tools, 2 similar patterns are not 2 exactly same patterns, and it's almost impossible to code an indicator to find them since the similarity threshold if it's set too high, then it will never find one, if too low then it will find many false positives that will most likely lose money.

After all there is randomness in an efficient market.

Now can you forecast price swings? Absolutely, but not with a certainly, but good enough to make money from it, if good information is available.


So I hardly focus on quantitative analysis nowadays, and more on fundamental things. But granted the market is not efficient enough yet, so maybe some tools could be designed to predict it with a good degree of accuracy enough to make money automatically.

[profitgenerator212]

Looks like you are talking a bunch of bullshit.  If your goal is to be right, then you just make up a bunch of shit, and then try to suggest that you are speaking some kind of truth.

Get a fucking grip..  We are in a bitcoin bull market.  You understand that? 

Look kid, I have 10+ years of tradin experience, made good money over the years.

I know the market, and this is going down.

By the way it already went down and it will probably continue to go down despite your irrational exuberance, and the countless shills on this thread trying to talk it up. It doesn't work.

[jojo69]

Look kid, I have 10+ years of tradin experience, made good money over the years.

I know the market, and this is going down.

By the way it already went down and it will probably continue to go down despite your irrational exuberance, and the countless shills on this thread trying to talk it up. It doesn't work.

woooooooooo

experience     

[jbreher]

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins...

I'm sure there are a few folks with at least 2k coins posting in this thread...

This place beats discussing the latest antics of the Kardashians...

[jbreher]

I can tell you from my experience ...

And I can tell you from experience that whatever you think you know about some canonical market is absolutely inapplicable here.

[Nam3]

I can tell you from my experience ...

And I can tell you from experience that whatever you think you know about some canonical market is absolutely inapplicable here.

I second that. BitCoin isn't like 'other' markets.

[Wekkel]

All I know is that long term HODL is the best strategy for us humble peasants. And that growth of cryptocurrencies is not done yet.

No quant theory needed.

[404Revolution]

This place beats discussing the latest antics of the Kardashians...

Shut your mouth! The Kardashians are a national treasure!

[Ted E. Bare]

Looks like you are talking a bunch of bullshit.  If your goal is to be right, then you just make up a bunch of shit, and then try to suggest that you are speaking some kind of truth.

Get a fucking grip..  We are in a bitcoin bull market.  You understand that? 

Look kid, I have 10+ years of tradin experience, made good money over the years.

I know the market, and this is going down.

By the way it already went down and it will probably continue to go down despite your irrational exuberance, and the countless shills on this thread trying to talk it up. It doesn't work.

You are wrong. Quote this for future reference; bitcoin at a price of $3600 is a good buy.

[Wekkel]

He said down, not that BTC isn't a good long term buy.

[fluidjax]

Looks like you are talking a bunch of bullshit.  If your goal is to be right, then you just make up a bunch of shit, and then try to suggest that you are speaking some kind of truth.

Get a fucking grip..  We are in a bitcoin bull market.  You understand that?  

Look kid, I have 10+ years of tradin experience, made good money over the years.

I know the market, and this is going down.

By the way it already went down and it will probably continue to go down despite your irrational exuberance, and the countless shills on this thread trying to talk it up. It doesn't work.

You are wrong. Quote this for future reference; bitcoin at a price of $3600 is a good buy.

The reason it winds people up, is because it is without explanation. All of us here can make random statements talking up our book, but most of us come here for intelligent comment that contribute to our ability to make decisions.
"I know the market, and this is going down." is just useless, and the guy will get on ignore unless he can offer something more than that.

[BlindMayorBitcorn]

If you told me a year ago China would be 5th in trading volume and we'd be at 3700 I'd have punched you in the face on general principle. But here we are.

[Karartma1]

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins...

I'm not sure what you mean by that ?

I'm sure there at least a few folks with at least 2k coins posting in this thread...

Even retired living on a catamaran in Tahiti I would check in on this thread. I find that between all of the arguments and general banter there is a good sense of what is going on in the Bitcoin world here from many different perspectives. Especially with regard to large price movements. It may not be the most accurate but it beats searching the Internet trying to see if people are reacting to one single thing or what is going on.

The rest of the forum is shit due to signature campaigns. Reddit is comparable as the shitty threads can be downvoted. I tried following #bitcoin on twitter and it's just filled with ads.

The Bitcoin world is as fast as its price movements. I agree that this thread is one of the best to get a sense of what is going on out there. Who post in this thread usually adds a lot of value to every bitcoiner who wants to touch base with the news.
Especially during the summer, when I did not have much access to the internet this thread was the only one to keep me posted about all that happened.
I'm actually grateful to all of you guys that contribute here  

[Elwar]

Looks like you are talking a bunch of bullshit.  If your goal is to be right, then you just make up a bunch of shit, and then try to suggest that you are speaking some kind of truth.

Get a fucking grip..  We are in a bitcoin bull market.  You understand that? 

Look kid, I have 10+ years of tradin experience, made good money over the years.

I know the market, and this is going down.

By the way it already went down and it will probably continue to go down despite your irrational exuberance, and the countless shills on this thread trying to talk it up. It doesn't work.

I can always tell which way those with "a lot of trading experience" believe the price of bitcoin will go.

They have all of that experience, they are so great with the market that they failed to see the potential value of Bitcoin and how it would jump to thousands of dollars each.

Even now they don't get it and all of their "experience" still tells them it is worthless, so obviously the price will go to zero. So they can get back to their stocks and bonds.