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

[LewisPirenne]

I think it's important to note that Romanians are generally quite direct; I'm sure there was no malice intended in his comment.

Speaking of Romanians, anyone knows what Mircea Popescu of MPEX fame think of upcoming November fork and current market price?
Or is he too obsessed with existential ramblings and the fair sex to bother with such tripe?

[Torque]

Another winner from the MSM:

Should Individuals Invest in Bitcoin? In a Word, No.
https://www.wsj.com/articles/should-individuals-invest-in-bitcoin-in-a-word-no-1507730402?mod=e2tw

They gotta keep that gaslighting going, yo!

[JayJuanGee]

How long until the next dip?

You gotta define your terms a bit better, Eric.

In your question, what is a dip, exactly?  2% 5% 10%? 20%  40%?

And, dips are different if they come after a price rise, too.  So if the price goes up 30%, then a large dip becomes more likely rather than if the price just goes up 3%.

Right now we seem to have some ongoing upwards pressure that is tempered by FUD - especially some questions concerning various ramifications of the segwit2x fork and whether various allegiances could cause migration of other important actors and/or users or whether the hardforkeners have enough resources at their disposal to leverage migration of more of the network to their side....  

Yet, there seems likely to be enough legs, right now, that we are going to get some piercing of $5k to bring us at least to $5,400 within a week or two  (Currently, I am thinking that getting past $5k will put us into the $5,400 to $5,800 range, at minimum)- and if there remains some questions about buying support there could be a "dip" from that point... on the other hand, failing to break through $5k could also result in a dip, which seems a bit less likely at the moment, but who am I?  Nostradamus?

[BlindMayorBitcorn]

Ms. Ford says she had a 45-year-old client recently come to her with a plan to liquidate a majority of her retirement savings and invest the proceeds, after taxes and penalties, in bitcoin.

"Go for it" isn't really prudent financial advice. At least they're getting warmer.

[Torque]

Ms. Ford says she had a 45-year-old client recently come to her with a plan to liquidate a majority of her retirement savings and invest the proceeds, after taxes and penalties, in bitcoin.

"Go for it" isn't really prudent financial advice. At least they're getting warmer.

She's 45 years old and probably not seeing a good retirement nest egg on the horizon. I say YOLO.

Has worked out for me the last 4 years. Like, ridiculously. Made more gains in 4 years with Bitcoin than I could have done in 15-20 in the stock market. The one thing that we all don't have is more time.

Also remember, the old establishment system of financial planners, IRAs, 401ks, and mutual funds is a complete and total scam. They desperately NEED all Average Joes to stay locked into the retirement planning system until they're 65 so they can skim everyone's gains and charge ludicrous 'management' fees, taxes, and early exit penalties. And every 7-9 years they'll walk back everyone's paper gains with another market correction or crash, resetting everyone back over and over again. What you end up with at retirement is FAR less than what you are promised or what you deserve.

But if all Average Joes leave the system, it's like a bank run.... everything collapses.

[BlindMayorBitcorn]

I say YOLO.

Same. 

[yefi]

Speaking of Romanians, anyone knows what Mircea Popescu of MPEX fame think of upcoming November fork and current market price?
Or is he too obsessed with existential ramblings and the fair sex to bother with such tripe?

That strange fellow can think as he pleases. He was always in favour of 1MB blocks as I recall, so he'd probably side with Core.

[jojo69]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

[Ibian]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this.

[Vahnt]

Looks like it really wants to punch through ATH, at this rate it can't be more than a week until it happens.

[Paashaas]

Bitcoin will blast through $5000 within 1 week.

[BlindMayorBitcorn]

Speaking of Romanians, anyone knows what Mircea Popescu of MPEX fame think of upcoming November fork and current market price?
Or is he too obsessed with existential ramblings and the fair sex to bother with such tripe?

That strange fellow can think as he pleases. He was always in favour of 1MB blocks as I recall, so he'd probably side with Core.

I put out the Mircea signal. Let me know if he shows up.

[Torque]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this.

Yeah guys, I know my posts can sound pretty extreme and "preachy". They probably come out more that way on the screen than they sound in my head. I'll try to tone it down. I would welcome feedback and conversation.

It's just.... our world financial and economic problems on the horizon are so much worse than most would believe, and the game has been heavily rigged. It's just everyone is living it in slow motion at the micro level, so they don't notice what's really going on at the long term macro level. But I hear them grumbling about it... at work... at the grocery store... at the gas station. Everyone's standard of living and wealth is steadily declining, but they don't know why. They can't put their finger on it. Slowly over time, everyone is feeling its effects. And it's getting worse and worse.

I've taking the red pill. I see it now. But I know I don't have all the pieces or all the answers. Still learning.

[drbrockcoin]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this.

Yeah guys, I know my posts can sound pretty extreme and "preachy". They probably come out more that way on the screen than they sound in my head. I'll try to tone it down. I would welcome feedback and conversation.

It's just.... our world financial and economic problems on the horizon are so much worse than most would believe, and the game has been heavily rigged. It's just everyone is living it in slow motion at the micro level, so they don't notice what's really going on at the long term macro level. But I hear them grumbling about it... at work... at the grocery store... at the gas station. Everyone's standard of living and wealth is steadily declining, but they don't know why. They can't put their finger on it. Slowly over time, everyone is feeling its effects. And it's getting worse and worse.

I've taking the red pill. I see it now. But I know I don't have all the pieces or all the answers. Still learning.

+1

1984 - Orwellian, the constant war against a shifting enemy.
The decline of the US Empire and the repercussions as it tries to hold on.

[Icygreen]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this.

Yeah guys, I know my posts can sound pretty extreme and "preachy". They probably come out more that way on the screen than they sound in my head. I'll try to tone it down. I would welcome feedback and conversation.

It's just.... our world financial and economic problems on the horizon are so much worse than most would believe, and the game has been heavily rigged. It's just everyone is living it in slow motion at the micro level, so they don't notice what's really going on at the long term macro level. But I hear them grumbling about it... at work... at the grocery store... at the gas station. Everyone's standard of living and wealth is steadily declining, but they don't know why. They can't put their finger on it. Slowly over time, everyone is feeling its effects. And it's getting worse and worse.

I've taking the red pill. I see it now. But I know I don't have all the pieces or all the answers. Still learning.

You've got some accurate observations and I always appreciate hearing the validation of what I feel to be true as well.  What we don't know is how far the manipulation of markets will go. We can speculate that a global crash is imminent but no more than speculation of another manipulative move to prop it up and keep the people comfortable enough to not rebel.
I think it's a tough conversation to have because it requires one to imagine the changes that would take place on a personal level should such events occur. Not many are equipped to hold doomsday thoughts and still carry on in positive, progressive thinking.

[ckorbba]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this.

Yeah guys, I know my posts can sound pretty extreme and "preachy". They probably come out more that way on the screen than they sound in my head. I'll try to tone it down. I would welcome feedback and conversation.

It's just.... our world financial and economic problems on the horizon are so much worse than most would believe, and the game has been heavily rigged. It's just everyone is living it in slow motion at the micro level, so they don't notice what's really going on at the long term macro level. But I hear them grumbling about it... at work... at the grocery store... at the gas station. Everyone's standard of living and wealth is steadily declining, but they don't know why. They can't put their finger on it. Slowly over time, everyone is feeling its effects. And it's getting worse and worse.

I've taking the red pill. I see it now. But I know I don't have all the pieces or all the answers. Still learning.

You've got some accurate observations and I always appreciate hearing the validation of what I feel to be true as well.  What we don't know is how far the manipulation of markets will go. We can speculate that a global crash is imminent but no more than speculation of another manipulative move to prop it up and keep the people comfortable enough to not rebel.
I think it's a tough conversation to have because it requires one to imagine the changes that would take place on a personal level should such events occur. Not many are equipped to hold doomsday thoughts and still carry on in positive, progressive thinking.

when the question is about our financial investments, the answers are always difficult. I do not think that something that awaits us in October will benefit the Crypto-currency and users. If we survived the situation on August 1, then I think everything will be the same in the future. The main thing that Bitcoin was not dependent on the dollar.

[Ibian]

Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out.  That last post would figure in the latter category, by my way of thinking.

One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this.

Yeah guys, I know my posts can sound pretty extreme and "preachy". They probably come out more that way on the screen than they sound in my head. I'll try to tone it down. I would welcome feedback and conversation.

It's just.... our world financial and economic problems on the horizon are so much worse than most would believe, and the game has been heavily rigged. It's just everyone is living it in slow motion at the micro level, so they don't notice what's really going on at the long term macro level. But I hear them grumbling about it... at work... at the grocery store... at the gas station. Everyone's standard of living and wealth is steadily declining, but they don't know why. They can't put their finger on it. Slowly over time, everyone is feeling its effects. And it's getting worse and worse.

I've taking the red pill. I see it now. But I know I don't have all the pieces or all the answers. Still learning.

This might help: https://www.anonymousconservative.com/

And also this: http://people.uncw.edu/kozloffm/glubb.pdf

[savetherainforest]

Still waiting for all-time high... Go bitcoin go!

13 or 14 from what it looks like to be...

But nice try! Good luck next time! =))))   ... that guy with 10/10 made me scratch my head a bit 2-3 days ago when I was looking at the charts. But I was a fool not to take into account any or even the smallest slightest correction.

[harrymmmm]

13 or 14 from what it looks like to be...

But nice try! Good luck next time! =))))   ... that guy with 10/10 made me scratch my head a bit 2-3 days ago when I was looking at the charts. But I was a fool not to take into account any or even the smallest slightest correction.

I'm up atm. Thought I'd missed out but just now we had a $50 rip.
I'm back in the race I think. Another couple like that will do it.

Go bitcoin!
We (well I) need an ath in the next 17 hours.  

[Kanapka]

when will the ath be broken again?