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

[HairyMaclairy]

Agreed but I think almost all weak hands shaken out at $5600.  Money badger don’t care no more.

[savetherainforest]

Agreed but I think almost all weak hands shaken out at $5600.  Money badger don’t care no more.

Do Not Sell. They will burn you at the stake.

They want you to feel confidence. They are like sharks smelling blood from miles away. It will go up to $20k - $30k very easy in the next month or two.

We just had a correction. There is no reason for the price to be going down. I advise withdrawing your coins from the exchanges into cold storage until the true bubble starts.

[bones261]

This mempool spam is starting to concern me. Growing close to 60mb of transactions between 0-5sat.

It's probably Wu and friends wanting to cash in on transaction fees while at the same time make Bitcoin look bad. The only problem with him driving up the Bitcoin fees is that many pools are less likely to have their profit switching algorithms switch to mining Bitcoin Cash instead. However, pools like Antpool will switch since Antpool doesn't distribute the fees to the miners. (In exchange the miners have no pool fee and may even get a promotional "bonus" of 3-5%)

[Icygreen]

As bitcoin's price has gone up significantly over the past year, its forced me to examine several aspects of my own psyche. Mostly greed and fear. I've been beaten down every time I got greedy and rewarded for holding and sticking to my beliefs.
Lately I've been considering the possibility that the larger unidentified market makers could actually be benevolent and hold greater visions for BTC despite the popular belief that bitcoin market manipulation is used for personal gain.

An entire civilization raised on the ideals of capitalization and control cannot conceive immediately a system which does not aim to "take" but rather give freely to the benefit of all.
It's true that it is not decided what bitcoin will become or if it will succeed but it's evident that this is our opportunity and no others are currently on the horizon.
I think the real success of BTC will be in its ability to change greed constructs.

Yes, I know, echo chamber.  Just had to write that thought out.

I'm liking this current ascending triangle. Should break within the day.
 
  

[DieJohnny]

I predicted on here years ago that when you can buy Bitcoins with a normal brokerage, bitcoin would surge to $10K.  Now up at $8K we get news that BTC will be listed on CME? I dont know what to make of it now that we are already up here...

... Suggest you revise your prediction upwards.  

....and lots of new bag holders will be born waiting for months / years for bitcoin to return to where it is. last peak was Dec 2013, 4 years later here we are.  usually the time between bubbles / peaks  is roughly 4 times longer each time.  so we could be looking at 16 years.    In that time im sure bitcoin will not be number 1 any longer.... 

we have decent room for another blow-off upwards, and we could get another 3x upwards price from here

I think that they want us to sell.
I advice on hodling....

Bitcoin has not had a constant three year march from $200 to $8200 simply because wall street just happens to be pumping bitcoin for the big dump.

Each of the six or so dips in the last three years has been nothing more than an attempt to take your coins from your weak hands. The march continues relentlessly because bitcoin is the immortal hedge against EVERYTHING.

As edgy as other coins are the masses cannot comprehend the differences and will ALWAYS choose Bitcoin over all others, always.

Does anyone believe that Bitcoin is going to correct 75% without having its typical end-of-rally blow off exponential top. This has not happened in three years. Just look at the log chart. Bitcoin is still waiting for a 4 week blow off spike that is 3-6X above where we are now.

In a Jupiter or Neptune scenario there will be a traditional market correction and a bitcoin spike maybe 20-100X from where we are, and bitcoin will over night become the global store of value you have only imagined in your craziest of dreams. There is currently global access like there has never been before. Big money will always move towards capital preservation, always. HODL. NEVER sell all of your bitcoin, ever.

I think the only legit hedges against bitcoin are the anon coins: XMR, ZCash, Dash, et cetera. I also like the more efficient bitcoins LTC, Doge, et cetera. Platform coins to me feel like MySpace and will be a footnote in history.

[AZwarel]

Agreed but I think almost all weak hands shaken out at $5600.  Money badger don’t care no more.

Do Not Sell. They will burn you at the stake.

They want you to feel confidence. They are like sharks smelling blood from miles away. It will go up to $20k - $30k very easy in the next month or two.

We just had a correction. There is no reason for the price to be going down. I advise withdrawing your coins from the exchanges into cold storage until the true bubble starts.

This is one of my favorites about bitcoin "bubbles" and selling/taking profit: https://www.youtube.com/watch?v=XbZ8zDpX2Mg

All the sad pandas over here: i buy since 2014, and never sold to this day - apart from spending on services/goods -, hodl. i did not care about the 2 years of bear market, i have accumulated more BTC, those were the golden years to stock up!

Hodl. I will not sell, ever. I will use bitcoin directly, to buy everything i plan to have, that way, i never have to sell. It will come.

[Paashaas]

It's 100% scam, the design is similar to S9/S7 he just replaced the sticker and made a fake stat

https://twitter.com/adam3us/status/933348194062360577

Au contraire?

+1 For making Bitcoin mining decentralized.

[BTCMILLIONAIRE]

It's 100% scam, the design is similar to S9/S7 he just replaced the sticker and made a fake stat

https://twitter.com/adam3us/status/933348194062360577

Au contraire?

+1 For making Bitcoin mining decentralized.

I've actually been toying with the idea of getting back into mining. I don't really care for it from an economical perspective, but this whole Bitmain/BCash clown fiesta has got me thinking.

[JayJuanGee]

[edited out]

- J J G ... can u make next time a recursive string assigned to a variable pointing out to or holding the value of the swear your inserted in the first line, and writing it next time at the end of the post so we can read something relevant from your gibberish text wall?? Even if we manage, some of us to just read 3-4 lines of text from your message... And ofc, make reference to that variable assigned to the swear first so we can know your political agenda statement at the end, but not blinding us with hate from your first line of statement, that is full of irrelevant political opinions you have about things or ppl. .. and btw... you still write too much.

Your guidance is so informative and insightful, and I am likely to benefit mucho from your knowledgeable advices....





NOT   

 

[Heater]

Yes, I know, echo chamber.  Just had to write that thought out. 

And I need to spit this out.

When I acquired my bitcoins, I promised I would hold them for 10 years – I knew it would take a long time for such a radical idea to be understood and accepted.

This year we had an interesting transition from pushing the blockchain concept back to the core Bitcoin value proposition. A small increase in understanding translated to a big price jump. The ecosystem is in much better shape these days but there is still a long way to go before Bitcoin is normalised into our society. You will know the price is levelling off when:

• The BTC price is reported in the daily newspapers and on the evening TV news bulletin just like shares, commodities and exchange rates are today
• People stop saying “only invest what you can afford to lose”
• It’s recommended top have x% of crypto in your retirement saving account
• The faces of Bitcoin in the media are professional looking and neither nerds nor conspiracy theorists

This all hit home when I watched this video recently thanks to Jimmy Song:
https://www.youtube.com/watch?v=TerIjELO7IY

Here we have a mix of current day BTC personalities: Jimmy Song, Tone Vays, Bitfinex’ed, BTCVix and Flibber.
I will refrain from commenting on these guys individually suffice to say it won’t be like this in years to come. Instead it will be presented more like this:
http://www.abc.net.au/news/2017-11-17/bitcoin-hits-record-high/9163794

I will say I was astounded by the comments from BTCVix and Flibber about Bitfinex. I sense delusion going on - they risk ending up looking like these guys. If you have been warned ahead of time and you decide to leave your money there because of pure emotions and then think it's somehow smart to double down on the stupidity and fly to Japan and ask for your money back and let people take photos of you??? Don't do this. If Finex does go down at least take it like a man.

[Elwar]

As bitcoin's price has gone up significantly over the past year, its forced me to examine several aspects of my own psyche. Mostly greed and fear. I've been beaten down every time I got greedy and rewarded for holding and sticking to my beliefs.
Lately I've been considering the possibility that the larger unidentified market makers could actually be benevolent and hold greater visions for BTC despite the popular belief that bitcoin market manipulation is used for personal gain.

An entire civilization raised on the ideals of capitalization and control cannot conceive immediately a system which does not aim to "take" but rather give freely to the benefit of all.
It's true that it is not decided what bitcoin will become or if it will succeed but it's evident that this is our opportunity and no others are currently on the horizon.
I think the real success of BTC will be in its ability to change greed constructs.

Yes, I know, echo chamber.  Just had to write that thought out.

I'm liking this current ascending triangle. Should break within the day.

Bitcoin does not survive without greed. It is built in. The point made was that by getting bitcoins out early to people that could develop it into something better was so that those developers were incentivized to make Bitcoin into something great based on greed, the fact that they held a bunch of bitcoins and their value increased based upon how much effort they put into making it better.

Having a depreciating currency also taps into peoples' greed of having more value down the road by keeping more bitcoins which perpetuates the rising value by making it more scarce.

If you think it is greedy to cash out, it's a non-factor since you're transferring value for equal value which is not greedy.

Greed, for lack of a better word, is good.

[Dabs]

I've actually been toying with the idea of getting back into mining. I don't really care for it from an economical perspective, but this whole Bitmain/BCash clown fiesta has got me thinking.

About 1 BTC gets you 5 miners (the minimum order) and 5 PSUs ... and probably shipping.

According to mining calculators, you should get that back in 2 or 3 months. If difficulty goes up by the time they ship in March 2018, or even April 2018, suddenly your miners need 3 to 6 months before ROI. Maybe more.

[Icygreen]

Point taken Elwar,
In my case, I was selling in order to buy lower - to acquire more bitcoin for free. This is the type of greed that has gotten me in trouble in the past. Of course you can see the problem with greed in our society and the power imbalance it has created. I agree, greed is built in and I'm beginning to change my relationship to value with the aid of BTC.

[HairyMaclairy]

BCH getting pumped for the weekend.  $1400.  Maybe the PND will be Friday night just to mix it up a little bit.

[Ibian]

As bitcoin's price has gone up significantly over the past year, its forced me to examine several aspects of my own psyche. Mostly greed and fear. I've been beaten down every time I got greedy and rewarded for holding and sticking to my beliefs.
Lately I've been considering the possibility that the larger unidentified market makers could actually be benevolent and hold greater visions for BTC despite the popular belief that bitcoin market manipulation is used for personal gain.

An entire civilization raised on the ideals of capitalization and control cannot conceive immediately a system which does not aim to "take" but rather give freely to the benefit of all.
It's true that it is not decided what bitcoin will become or if it will succeed but it's evident that this is our opportunity and no others are currently on the horizon.
I think the real success of BTC will be in its ability to change greed constructs.

Yes, I know, echo chamber.  Just had to write that thought out.

I'm liking this current ascending triangle. Should break within the day.

r/K in so many words. r's are pleasure seekers, hedonists and narcissists, they live in the moment and are so risk averse that most of us here can't even conceptualize of it. They are not part of the earliest, and by necessity biggest, bitcoin whales.

K's defer immediate gratification for long term gain. Store the seed crop instead of eat it so your family can live another year. They are also hunters and warriors, explorers and innovators, and the type of people who risk it all to gain everything. These, are the oldest and biggest whales.

Cultures rise when K's are the majority and fall when the rabbits take over. Bitcoin started with K's and nothing but K's. Rabbits have started joining in now that things look reasonably safe, and their numbers will grow. As rabbits are wont to do. But it will be impossible for them to take control, at least for a few decades.

[HairyMaclairy]

If an r is a rabbit is a K a Kangaroo?

[Phil_S]

Damn, the volumes are out of control!

[HairyMaclairy]

Picking 1 minute intervals is cheating !

[lightfoot]

Isn't good enough for the performance figure, if something claims is 30% better then anything else that exists it has to be independently verified, but is good enough that it is not a scam. Guy has no reason to risk his reputation for something like that.

It is a bit tricky: I think I have a pretty ok reputation but I'd have to take the thing apart as well as run it to see if it's a ringer/beta/rigged unit before I could make an honest opinion. With pictures and all that.

We'll see what comes out of it, would be nice to see some competition vs. Ant-land.

[gembitz]

Isn't good enough for the performance figure, if something claims is 30% better then anything else that exists it has to be independently verified, but is good enough that it is not a scam. Guy has no reason to risk his reputation for something like that.

It is a bit tricky: I think I have a pretty ok reputation but I'd have to take the thing apart as well as run it to see if it's a ringer/beta/rigged unit before I could make an honest opinion. With pictures and all that.

We'll see what comes out of it, would be nice to see some competition vs. Ant-land.

its such bullshit tho' 5 unit minimum pre-order? :-D bwaahaha butterflydragon vapourware<<<