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

[jbreher]

What about adopting a parrot? We are all pirates, after all. This way we can save our fingers some effort.

Way back machine engaged.

https://i.imgur.com/lKKfpQV.png
This post was brought to you courtesy of the way back machine.

The way back machine. It takes you way back.

I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains.

Not much for nostalgia on that one.

[BlindMayorBitcorn]

What about adopting a parrot? We are all pirates, after all. This way we can save our fingers some effort.

Way back machine engaged.

https://i.imgur.com/lKKfpQV.png
This post was brought to you courtesy of the way back machine.

The way back machine. It takes you way back.

I'll admit. I got greedy. I lost over 1300 Bitcoins in that fiasco. In principal - several times that if we include my (so-called) gains.

Not much for nostalgia on that one.

Being a latecomer isn't all that bad. I missed a lot of nutty shit that could have got me in trouble.

[jojo69]

Zhou TONG!

https://www.youtube.com/watch?v=kdvTkddp1F0

[El duderino_]

END list, good luck!

19/9 rayx12 
24/9 kidbitter*
25/9 binaryreign*
26/9 player99
27/9 xhomerx10
28/9 khufuking
29/9 jhayzxenon*
30/9 yermom
01/10 teamtarp*
02/10 bitchick *
03/10 ^BuTcH^
04/10 minermannc
05/10 punisher1314*
06/10 jimbo Toronto*
07/10 player514*
09/10 Oinas*
10/10 bikerlezno*     LAST WINNER
11/10 ted e. bare
12/10 harrymmmm*
13/10 cryptoqueeen*
14/10 bitcoinaire*
15/10 ludwigvon*
16/10 BitchicksHusband*
17/10 shroomskit_disgrace
18/10 dakustaking76
19/10 birobob*
20/10 leowonderful
21/10 paashaas
22/10 cmacwiz*
23/10 spaceman_spiff_original*
24/10 colonel panic
25/10 soullyG
26/10 weltmaster*
27/10 vroom
28/10 entons*
29/10 roombot*
30/10 notme*
31/10 twocorn
01/11 YamashitaRen
02/11 orpington
03/11 Haciendo*
04/11 lilloboy
05/11 jojo69*
06/11 d_eddie*
07/11 empowering*
08/11 northyplole*
09/11 podyx*
10/11 u9y42*
11/11 starving_marvin
12/11 sirazimuth*
13/11 dotto*
14/11 hazukison*
15/11 organic*
16/11 Heater*
17/11 foxygoxy*
18/11 600watt
19/11 arriemoller
20/11 drbrockcoin*
21/11 icygreen*
22/11 rakessh
23/11 erisdiscordia
24/11 oblox*
25/11 mfort312*
26/11 globbo*
27/11 lfc_bitcoin
28/11 conspirosphere.tk*
29/11 rjclarck2000
30/11 last of the v8s *
01/12 newworldcoiner*
02/12 souspeed*
03/12 jaapgvk
04/12 sgk*
05/12 fluidjax
07/12 free-bit.co.in
08/12 imbatman
09/12 yonton
10/12 fragout*
11/12 itod
12/12 lontonbit*
13/12 CistaCista
14/12 cAPSLOCK
15/12 philivey
16/12 marcus_of_augustus*
17/12 mattimann
18/12 coincube*
21/12 2dogs
24/12 bones261*
25/12 mndan
26/12 karatma1*
28/12 deathangel*
30/12 erre
31/12 elwar
01/01/2018 lewis pirenne*
02/01/2018 addressed*
03/01/2018 bathy
05/01/2018 bitcoin psycho
06/01/2018 chowhan
07/01/2018 fabiorem*
18/01/2018 raja_mbz*
22/01/2018 _javi_
26/01/2018 kurious*
28/01/2018 steelboy*
29/01/2018 alcohodl
01/02/2018 cristitcm
18/02/2018 in the silence
20/04/2018 fractal universe*
15/03/2018 Carl85
15/05/2018 oldtimegin*
15/06/2018 samson
16/08/2018 samarkand

[savetherainforest]

Ignition!

Its getting close!   

[RoomBot]

This is a contest that all HODLERS win.

 

[LewisPirenne]

Ugh.. Trendon Shavers, I remember many people pointed out that this has got to be some kind of ponzi scam.  Yet there were flame wars going between supporters of the scheme and more skeptical people.  Not the best time in the Bitcointalk community.  Yes, I do have an account from late 2012, but I am not login that in until Theymos implements some kind of 2FA or Google login. Too many people lost their accounts to hacks recently.  

There's no shame in Bitcoinland.
https://bitcointalk.org/index.php?topic=1847311.msg18382142#msg18382142

Wow, I didn't know that even Finney's account was hacked.  Now I have to be more careful about various old accounts starting to posting again after all these years, lest they be some doppelgangers.

As for gold price, the "flow" matters more than "stock", since gold has a massive 190K ton stock, that's like 6 billion ounces, almost enough for 1 gold coin per population on this planet.  So you look at how much Indian demand are for this year and how many mines are going shut down or come online based on spot price and how much they hedged, etc.  Investment demand didn't have that much of an impact until like 12 years ago (unless you want to go back to 70's).  

The main problem with gold price (besides manipulation through derivatives) is the "scrap" or recycled supply whenever price spike.  Since gold has HUGE stock in the wild, when price spike, some people are going to haul in their hoard (jewelry and heirloom) and exchange them for cash.  Like this Japanese man who recently got robbed in the middle of Ginza, which is like the most upscale and prosperous area in Tokyo,   https://mainichi.jp/english/articles/20170731/p2a/00m/0na/011000c
Or this one in Ginza again, http://www.tokyoreporter.com/2017/07/03/tokyo-cops-hunting-for-man-who-walked-off-with-3-kg-of-gold-in-ginza/
Or another one in different place http://www.telegraph.co.uk/news/2016/12/14/fake-police-walk-4m-gold-japan/
You can find similar report in Hong Kong too but often more bloody and sanguine.  

So it's reasonable to expect the BTC/Gold ratio to get bigger and bigger overtime since BTC does have less of an overhang in supply (e.g. whales waiting to dump).

[BlindMayorBitcorn]

A goldbug I used to work with tried to give me one of these from his roll during the collapse. To rub my nose in it...as it were.



I could never get him to understand. And now it's too late.

[triads]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

[jojo69]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

couldn't agree more

[pfrtlpfmpf]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

I have no idea, what your´re talking about, but i´m hodling 

[SimonJones]

If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.

[JayJuanGee]

If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.

In recent days, I have come to the tentative conclusion that BTC prices are currently bouncing around in a kind of consolidation range of approximately $3400 to $4300 - so yeah, it is a BIG range and we are currently a bit into the upper half of such range; however, I don't really see any reason to get too excited if the price bounces around in such range - until it appears poised to break such range or if it does in fact break the range.... furthermore, since we seem to continue to be in a bull market, I place slightly higher chances that prices are going to break to the upside of the range, rather than to the downside of the range. 

[WhatsBitcoin]

12 months of sideways never hurt nobody

[Elwar]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

Stability has always fueled the Bitcoin rocket.

[pfrtlpfmpf]

If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.

The explosion theory. I favor that one 

[WhatsBitcoin]

since Jimbo's daily update has started to include bcash I guess shitcoins are fair game now so who decided to pump zcash and why

[Wekkel]

Because the market is dull at the moment, some reading pleasure: https://mobile.twitter.com/marting/status/910706119479246848?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fhackernoon.com%2Fmedia%2Ff55c1c16d2477c4e7ce3d54b81b9d4e6%3FpostId%3De794cf33c5b2

Can you hear that (mainstream) wave coming?

HODL everything.

[JayJuanGee]

12 months of sideways never hurt nobody

You are right, that it never hurt nobody... but we are not there. 

We are going to get a resolution in one direction or another.  We are in the midst of a 22 week long battle, and there is no real sign that either side is giving up regarding the direction... accordingly, you do not get sideways when there continues to be so much price disagreement and so much willingness to throw a lot of coin (and dollars) at attempting to resolve the matter in your favor.. and accordingly, we could have this extensive battle for several more months, but we are likely not going to be staying in the $3400 to $4300 price range throughout that time..

Furthermore, we could break out one direction and then the other, and I think that the more likely direction remains up - so even though sideways is a possibility, it is not a very high one and even less of a possibility that meaningful sideways could be sustained for a whole fucking 12 months.   

[Karartma1]

Classic price movement: mania up to $4800, panic-sell drop to $3000, then price
settling in around $3900.  The go-no-where price of the last week is actually
really good for the coin... boring trade that's in equilibrium may not be good for
speculators or traders, but it's good for BTC.

Stability has always fueled the Bitcoin rocket.

It took a lot of dumps and sideways back in 2014/2015 to build the foundations of today price levels. The rocket needs to refuel every once in a while because all of you know that every bull run is so much fun.
Go back in this thread to see what it was like during the 4K escalation a while ago.
Holding the keys is the key