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

[mr angry]

Proper double bottom incoming over the next few days

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

I thought similar dumps would happen this time last year, and bitcoin's price shot up above the 2013 ATH instead. All this year I kept expecting huge crashes, and it just corrected a little then carried on going up. Maybe bitcoin adoption is speeding up so fast it's preventing any huge crashes. Maybe it will soon be above 20 k.

[bitserve]

Torque

When I first showed back up you gently, but firmly, advised me not to feed the troll.

I'm here to return the favor.

I'm done. By confronting the troll directly and him not directly answering my question, I think anyone else reading this thread will understand that he's just wasting people's time.

But I ask you this then in return, why has he not been perma-banned from the WO thread? Or at least his posts deleted, if we ALL can agree that he's just a troll? Why should we all suffer this idiot whilst he constantly spams the WO thread with his drivel?

i second that. infofront, ban him.

Why make the decision for the user, there's an ignore button that's just as useful, unless of course s/he manages to get another noob to quote him/her.

 Infofront doesn't have ban powers anyway.  In fact, he's moderator of this thread only so all he can do is chew bubblegum or delete posts and he has a lot of gum.

Which is exactly what we voted for and he is doing a great job at 

[TERA2]

[realr0ach]

PM shilling

Do you really believe the price of bitcoin hit $20k while the "evil bankers" are against it?  It would have been made illegal WAAAAY before that happened if they were actually trying to stop it.  We all know the only thing that keeps bitcoin afloat is it's ability to be converted to fiat.  Cut off the fiat conversion and this shit instantly implodes.  So why has it not happened?  Why?  They want you to buy this centralized govt tracking system instead of metals.

[DaRude]

This doesn't have typical Ver and the Co. dumping feel. They're not doing huge market sells, but rather a stepped approach to maximize the profits Ver and Co. has unlimited funds as long as BTC continues to go up, if they already cashed out in this price range there are no more to sell perhaps this might be the reason mempool is going down  

[BitcoinBunny]

So anyone buying their other half or family members some BTC for Christmas?

Thinking of getting my girlfriend some BTC as another gift as I've been left a bit "meh" with what to buy her this year.

[realr0ach]

So anyone buying their other half or family members some BTC for Christmas?

Thinking of getting my girlfriend some BTC as another gift as I've been left a bit "meh" with what to buy her this year.

Best Christmas presents (yes, they will accept worthless BTC for it):

$100 range:
https://silvergoldbull.com/5-oz-sunshine-mint-silver-wafer-bar

$200 range:
https://silvergoldbull.com/10oz-sunshine-mint-silver-wafer-bar

$600 range:
https://silvergoldbull.com/1-kg-republic-metals-corporation-silver-bar

[RejectedBanana]

Proper double bottom incoming over the next few days

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

I thought similar dumps would happen this time last year, and bitcoin's price shot up above the 2013 ATH instead. All this year I kept expecting huge crashes, and it just corrected a little then carried on going up. Maybe bitcoin adoption is speeding up so fast it's preventing any huge crashes. Maybe it will soon be above 20 k.

Friends I talked to years ago about Bitcoin and completely given up any hope on taking action have finally decided these last few days to jump in. Timid sideliners are just starting to pull the trigger, precisely because of MSM news coverage of the correction. Bitcoin's on sale! I thought I would have to put a gun to their head to finally make a move. Turns out WuVer's BEECrash did it for me. Go figure.

[Icygreen]

I've opted for the ignore button for him and the "lost roach".  A shadow ban of sorts. I've gained nothing from his posts, ever. Just a helpless man without hope or vision who's given zero support to those who do.

[Torque]

Mic drop on all the big blockers:

https://twitter.com/jratcliff/status/944605855751827457

[realr0ach]

Timid sideliners are just starting to pull the trigger, precisely because of MSM news coverage

That's called a...Jim Cramer CNBC pump and dump scam...

[bones261]

So anyone buying their other half or family members some BTC for Christmas?

Thinking of getting my girlfriend some BTC as another gift as I've been left a bit "meh" with what to buy her this year.

Best Christmas presents (yes, they will accept worthless BTC for it):

$100 range:
https://silvergoldbull.com/5-oz-sunshine-mint-silver-wafer-bar

$200 range:
https://silvergoldbull.com/10oz-sunshine-mint-silver-wafer-bar

$600 range:
https://silvergoldbull.com/1-kg-republic-metals-corporation-silver-bar

I don't think most women are going to be thrilled with getting a gold or silver bar. They much prefer it to be in the form of jewelry, which comes at a high mark up. Throw in a few shiny stones and a blue box, and they'll be even more delighted.

[mr angry]

Proper double bottom incoming over the next few days

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

I thought similar dumps would happen this time last year, and bitcoin's price shot up above the 2013 ATH instead. All this year I kept expecting huge crashes, and it just corrected a little then carried on going up. Maybe bitcoin adoption is speeding up so fast it's preventing any huge crashes. Maybe it will soon be above 20 k.

Friends I talked to years ago about Bitcoin and completely given up any hope on taking action have finally decided these last few days to jump in. Timid sideliners are just starting to pull the trigger, precisely because of MSM news coverage of the correction. Bitcoin's on sale! I thought I would have to put a gun to their head to finally make a move. Turns out WuVer's BEECrash did it for me. Go figure.

Recently complete noobs have started asking me how to buy bitcoin. They don't know anything whatsoever about it, they just want to find out how to buy it with fiat. You are probably right, they will see the dip as an early January sale and go fighting for the bargains while they can get them.

[yonton]

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

We have seen LOTS of shorts squeezed on this rise.  When is the last time you remember seeing some cataclysmic longs squeezed to implode the price?  It hasn't happened since the price was in the $400-800 range probably. Everything is cyclical.  The draught of long squeezes has to invert at some point.

this is because with rising BTC price the value of your collateral for your leverages increases too - atleast this is my view; i usually dont use leverage.

Well, it's mostly because there are people who own like 200,000 coins and can't sell them without imploding the market, so they're essentially illiquid, toxic assets.  On the other hand, they can use their toxic assets as margin collateral to squeeze shorts and also to do pump and dumps.  If you live in a civilization that facilitates people to leverage toxic assets and create a toxic asset at 3x the price of a non-leveraged one, take a good look around because all this shit is going to be crumbling down on top of you soon and that applies to both bitcoin + Wall Street.

Every time the market dumps, it also purges those giant holders from the market. This distributes coins out to more holders which strengthens the market.

[RejectedBanana]

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

We have seen LOTS of shorts squeezed on this rise.  When is the last time you remember seeing some cataclysmic longs squeezed to implode the price?  It hasn't happened since the price was in the $400-800 range probably. Everything is cyclical.  The draught of long squeezes has to invert at some point.

this is because with rising BTC price the value of your collateral for your leverages increases too - atleast this is my view; i usually dont use leverage.

Well, it's mostly because there are people who own like 200,000 coins and can't sell them without imploding the market, so they're essentially illiquid, toxic assets.  On the other hand, they can use their toxic assets as margin collateral to squeeze shorts and also to do pump and dumps.  If you live in a civilization that facilitates people to leverage toxic assets and create a toxic asset at 3x the price of a non-leveraged one, take a good look around because all this shit is going to be crumbling down on top of you soon and that applies to both bitcoin + Wall Street.

Every time the market dumps, it also purges those giant holders from the market. This distributes coins out to more holders which strengthens the market.

Really? You mean besides WuVer? I can't help but think these are recent bag holders dumping, not HODLers!

[yonton]

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

We have seen LOTS of shorts squeezed on this rise.  When is the last time you remember seeing some cataclysmic longs squeezed to implode the price?  It hasn't happened since the price was in the $400-800 range probably. Everything is cyclical.  The draught of long squeezes has to invert at some point.

this is because with rising BTC price the value of your collateral for your leverages increases too - atleast this is my view; i usually dont use leverage.

Well, it's mostly because there are people who own like 200,000 coins and can't sell them without imploding the market, so they're essentially illiquid, toxic assets.  On the other hand, they can use their toxic assets as margin collateral to squeeze shorts and also to do pump and dumps.  If you live in a civilization that facilitates people to leverage toxic assets and create a toxic asset at 3x the price of a non-leveraged one, take a good look around because all this shit is going to be crumbling down on top of you soon and that applies to both bitcoin + Wall Street.

Every time the market dumps, it also purges those giant holders from the market. This distributes coins out to more holders which strengthens the market.

Really? You mean besides WuVer? I can't help but think these are recent bag holders dumping, not HODLers!

Nope recent buyers don't have enough coins to move the market like this. It is clearly early adopters cashing out large amounts of coins.

[RejectedBanana]

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

We have seen LOTS of shorts squeezed on this rise.  When is the last time you remember seeing some cataclysmic longs squeezed to implode the price?  It hasn't happened since the price was in the $400-800 range probably. Everything is cyclical.  The draught of long squeezes has to invert at some point.

this is because with rising BTC price the value of your collateral for your leverages increases too - atleast this is my view; i usually dont use leverage.

Well, it's mostly because there are people who own like 200,000 coins and can't sell them without imploding the market, so they're essentially illiquid, toxic assets.  On the other hand, they can use their toxic assets as margin collateral to squeeze shorts and also to do pump and dumps.  If you live in a civilization that facilitates people to leverage toxic assets and create a toxic asset at 3x the price of a non-leveraged one, take a good look around because all this shit is going to be crumbling down on top of you soon and that applies to both bitcoin + Wall Street.

Every time the market dumps, it also purges those giant holders from the market. This distributes coins out to more holders which strengthens the market.

Really? You mean besides WuVer? I can't help but think these are recent bag holders dumping, not HODLers!

Nope recent holders don't have enough coins to move the market like this. It is clearly early adopters cashing out large amounts of coins.

Early adopters don't dump on the exchanges. They call Bobby Cho at Cumberland Mining and sell direct to institutions or high net worth peeps. Min transaction $100,000. Million dollar transactions preferred.

[flounderella]

I've been feeling that the price jump has been built on FOMO speculation for a while now. I think that the real, solid base is around $6k (roughly following the longer-term linear trend), but I expect speculators to stabilize it if it reaches $10k, at the very least, and then those prices might or might not stabilize.

So IMO $6k and below is "solid", $6k-$10k is semi-solid, and everything above $10k is a house of cards. No idea what'll actually happen in the next few days, though; it's pure speculative madness. In the next hour, I wouldn't be surprised to see a drop to $10k or an increase to $16k.

I agree with this. This mostly felt like get-rich-quick types jumping on. Once they are disappointed and broke, we should settle back in around 6-10K and move sideways for a bit, which is not bad. A lot of the altcoin euphoria is out of control as well and there would be serious losses.

[yonton]

I've been feeling that the price jump has been built on FOMO speculation for a while now. I think that the real, solid base is around $6k (roughly following the longer-term linear trend), but I expect speculators to stabilize it if it reaches $10k, at the very least, and then those prices might or might not stabilize.

So IMO $6k and below is "solid", $6k-$10k is semi-solid, and everything above $10k is a house of cards. No idea what'll actually happen in the next few days, though; it's pure speculative madness. In the next hour, I wouldn't be surprised to see a drop to $10k or an increase to $16k.

I agree with this. This mostly felt like get-rich-quick types jumping on. Once they are disappointed and broke, we should settle back in around 6-10K and move sideways for a bit, which is not bad. A lot of the altcoin euphoria is out of control as well and there would be serious losses.

We can do away with 95% of the alts and the market would be much healthier.

[yonton]

In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  

We have seen LOTS of shorts squeezed on this rise.  When is the last time you remember seeing some cataclysmic longs squeezed to implode the price?  It hasn't happened since the price was in the $400-800 range probably. Everything is cyclical.  The draught of long squeezes has to invert at some point.

this is because with rising BTC price the value of your collateral for your leverages increases too - atleast this is my view; i usually dont use leverage.

Well, it's mostly because there are people who own like 200,000 coins and can't sell them without imploding the market, so they're essentially illiquid, toxic assets.  On the other hand, they can use their toxic assets as margin collateral to squeeze shorts and also to do pump and dumps.  If you live in a civilization that facilitates people to leverage toxic assets and create a toxic asset at 3x the price of a non-leveraged one, take a good look around because all this shit is going to be crumbling down on top of you soon and that applies to both bitcoin + Wall Street.

Every time the market dumps, it also purges those giant holders from the market. This distributes coins out to more holders which strengthens the market.

Really? You mean besides WuVer? I can't help but think these are recent bag holders dumping, not HODLers!

Nope recent holders don't have enough coins to move the market like this. It is clearly early adopters cashing out large amounts of coins.

Early adopters don't dump on the exchanges. They call Bobby Cho at Cumberland Mining and sell direct to institutions or high net worth peeps. Min transaction $100,000. Million dollar transactions preferred.

The markets are liquid enough to buy/sell a million $ worth on exchanges easy. OTC isn't as big as people think now.