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

[conspirosphere.tk]

So I guess you are out and on the sideline then?

I'm in cash only with my trading stash (5% of my savings -who are still in BTC).
I won't pick any bottom higher that 4K.

Is not a little high?

maybe low 3000s is a better target:
https://www.tradingview.com/i/ep3NGzgD/

[JayJuanGee]

The last pages are full of political garbage... I had to scroll 5 pages to find a single post about bitcoin.   Where are the moderators/owner? It never has been so bad before...

I believe the thread is 'unmoderated' now? er...or so I thought (likely I'm wrong)

I've been pretty quiet here lately, but the thread is still moderated, albeit lightly. If I were to delete every OT post, at least 70% of this thread would be gone.

Thanks IF.... I think that you have been able to largely keep the historical sentiment of this thread with whatever you have been doing (or not doing)..

[Torque]

<image>

Not that I could argue with spongebob, but the thing is a good idea, we are a bit underestimating it, according to myself
But apparently the dump is actually due to a prince in saudi arabia saying something bad?!?
http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

who gives a shit what this camel guy is saying? is there no woman stoning he has to attend to?

Wait... a Saudi Prince who worships (and depends on) the Petro Dollar is saying Bitcoin is a fraud?

Whodda thunk it?  

[_javier_]

bitcoinwisdom.. zoom out.. 12h candles....

dump?? what dump??? c´mon!!

[JayJuanGee]

So I guess you are out and on the sideline then?

I'm in cash only with my trading stash (5% of my savings -who are still in BTC).
I won't pick any bottom higher that 4K.

Is not a little high?

maybe low 3000s is a better target:
https://www.tradingview.com/i/ep3NGzgD/

Good luck with that.  I have not yet seen the trend change, merely because we are pausing at the top for a while.... That is not unusual and does not necessitate any kind of significant correction of 40% or 50%, even though one may come, but 20% would be more reasonable, ... even though in the end, anything is fair game in bitcoinlandia... .

[AlexGR]

Not that I could argue with spongebob, but the thing is a good idea, we are a bit underestimating it, according to myself
But apparently the dump is actually due to a prince in saudi arabia saying something bad?!?
http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

Lol @ his critique:

"It just doesn’t make sense. This thing is not regulated, it’s not under control, it’s not under the supervision" of any central bank.

A member of the ruling elite, sees no sense in something he can't control. No shit

[fluidjax]

bitcoin gold (btg)Will create problems to bitcoin (btc)

Go on then, I'll bite, what problems, explain pls?

if you have bitcoin sell it now .. that wht i can say to you ; mate

Well,  I gave you a chance, ignore meet barota.

[ragnar0k]

So I guess you are out and on the sideline then?

I'm in cash only with my trading stash (5% of my savings -who are still in BTC).
I won't pick any bottom higher that 4K.

Is not a little high?

maybe low 3000s is a better target:
https://www.tradingview.com/i/ep3NGzgD/

Good luck with that.  I have not yet seen the trend change, merely because we are pausing at the top for a while.... That is not unusual and does not necessitate any kind of significant correction of 40% or 50%, even though one may come, but 20% would be more reasonable, ... even though in the end, anything is fair game in bitcoinlandia... .

the guy doing the chart has been calling a short since the past 2 months.
Then again he might be right, they say a broken clock is right twice a day...

[barota]

I have a question for panic buyer  why Buy at a high price ( for me +3000 usd  per bitcoin its very expensive )

If it falls or crash What will you do?

[conspirosphere.tk]

Good luck with that.  I have not yet seen the trend change, merely because we are pausing at the top for a while.... That is not unusual and does not necessitate any kind of significant correction of 40% or 50%, even though one may come, but 20% would be more reasonable, ... even though in the end, anything is fair game in bitcoinlandia... .

It's not much for the TA. It's the forking attacks, the FUD and announced terrorist crackdowns by TPTB ( https://www.coindesk.com/jeff-sessions-bitcoin-use-is-a-big-problem/ ), it's for the technical weak points of BTC (a hundred billions $ project kept alive by some voluntary full node runners? seriously?), and the fact that ultimately it's backed only by faith while every day new better and improved -and cheap- coins are made. 

All this is telling me to not bet the farm on BTC, even if I'm still >80% in it.

[Torque]

All this is telling me to not bet the farm on BTC, even if I'm still >80% in it.

What a walking contradiction you are. Feels good to be sure of .... nothing I guess?  

[bitcoinPsycho]

Good luck with that.  I have not yet seen the trend change, merely because we are pausing at the top for a while.... That is not unusual and does not necessitate any kind of significant correction of 40% or 50%, even though one may come, but 20% would be more reasonable, ... even though in the end, anything is fair game in bitcoinlandia... .

It's not much for the TA. It's the forking attacks, the FUD and announced terrorist crackdowns by TPTB ( https://www.coindesk.com/jeff-sessions-bitcoin-use-is-a-big-problem/ ), it's for the technical weak points of BTC (a hundred billions $ project kept alive by some voluntary full node runners? seriously?), and the fact that ultimately it's backed only by faith while every day new better and improved -and cheap- coins are made.  

All this is telling me to not bet the farm on BTC, even if I'm still >80% in it.

I have a more positive outlook on the future of bitcoin . with Japan on board I think many more countries will follow. will be a bumpy ride but what's new

[sirazimuth]

BTG futures market already active and going haywire on Yobituary.   
current bids .083btc... crypto insanity, but what else is new?...

[BlindMayorBitcorn]

BTG futures market already active and going haywire on Yobituary.   
current bids .083btc... crypto insanity, but what else is new?...

I have to be honest, I was really hoping to ignore this one. I guess that's not happening.

[conspirosphere.tk]

All this is telling me to not bet the farm on BTC, even if I'm still >80% in it.

What a walking contradiction you are. Feels good to be sure of .... nothing I guess?  

I expect that BTC has a few more pumps to realize, during which I plan to diversify at increasing rate (and I have been unloading gradually since 1K). Beyond that I have no certainties.

[vroom]

What I like about BTG is the algorithm change. What I understood is that the algo change makes mining more decentral, it's possible to mine with GPU. I wish mining in bitcoin would be more decentral. Just look at this bch/b2x madness which is backed up by a lot of hashing power.

I also like the free money I get from selling this new shitcoin

[fluidjax]

I get them now, Zerohedge are just taking the piss..


Bitcoin Tumbles After Saudi Prince Calls Crypto - "Enron In The Making"


http://www.zerohedge.com/news/2017-10-23/bitcoin-tumbles-after-saudi-prince-calls-crypto-enron-making

[BlindMayorBitcorn]

Dick from the gas station: "Bitcoin: I don't get it."

[JimboToronto]

Good morning Bitcoinland.

I missed yesterday (too much tequila Saturday night) but I see I didn't miss much.

No new ATHs since Saturday (the day before yesterday) with a lot of bouncing up and down in the $5.6-$6.2 range... currently $5807UDS/$7348CAD (Bitcoinaverage).

While there was no new ATH, there was also no dip deep enough for me to buy. The furthest it went down ($5.6k) is still $500 higher than where I bought 5 days ago.

Meanwhile AltCash is down a tiny bit again... currently $315USD/$398CAD (Coinmarketcap).

Seems there's a little indecision as we head toward the AltGold fork. As always it's a great time to hold.
___

Sometimes this place cracks me up. All the Chicken Little clucking and panicking (or should I say kwukking) over a little bit of Bitcoin's famous volatility.

Jeezuz. Calm down.  

[Denker]

According to Chris Ellis Bitfinex is going to support the Bgold split!
Official announcements coming soon.
Kraken seems to consider it.
So let's see how this will play the next days and if it will effect the price of Bitcoin.
Dump the alt and hold more corn I say!!!