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

[jojo69]

I need to be honest folks.

I'm seeing all this money being poured into all these unmineable, centralized cryptocurrencies, and I fear it's going to unravel in a horrible fucking way for a lot of people.

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[1714720763]

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[Torque]

I need to be honest folks.

I'm seeing all this money being poured into all these unmineable, centralized cryptocurrencies, and I fear it's going to unravel in a horrible fucking way for a lot of people.

Yep it sure will. The goal of the constant altcoin pumping is to of course completely obscure the difference between Bitcoin vs. all those centralized, premined, completely useless cryptocurrencies where 95+% is already in the hands of god knows who.

Once the sheeple have lost the ability to either see/know the difference or to care because all they see is a price pumping and greedily buy in, that's when their fate will be sealed. One day the shitcoin train will crash hard, and the rug will be pulled as the original whales dump into oblivion.

I mean, it's pretty telling when the only reason people buy ETH is to turn around and use it to buy other penny ICO shitcoins to speculate. Otherwise, ETH would be useless. And the underlying shitcoins or ICO companies are completely irrelevant. It's the penny stock market mentality all over again.

[Meuh6879]

omg the next 48 hours are soooo critical

2018-01-02 : Banks open.
2018-01-03 : Wires are online.
2018-01-04 : Exchanges receive and valide FIAT funds = READY !

[Meuh6879]

I need to be honest folks.

I'm seeing all this money being poured into all these unmineable, centralized cryptocurrencies, and I fear it's going to unravel in a horrible fucking way for a lot of people.

yep, same constatation here.

in my section (french), we have noobs asking : "how can i secure altshit when they don't have wallet made for them (and so, must stay on exchange) ?".

okaaaayyyyy ...   So, we have people with money that they eat buy excrements.
literaly.
now.

[jojo69]

What was our truly dumbest comment of 2017? There is no question: it was, and is and shall be going into the New Year our statements regarding Bitcoin. We thought it was a bubble at $5,000. We thought it was a Bubble at $10,000 and at $15,000 and at $20,000. We thought it would crash and burn long ago and clearly we were wrong

Dennis Gartman

[Wekkel]

I need to be honest folks.

I'm seeing all this money being poured into all these unmineable, centralized cryptocurrencies, and I fear it's going to unravel in a horrible fucking way for a lot of people.

Yep it sure will. [...]

Yep, but first the Bubble. As it was said: you got to own this Bubble. The Bubble will pave the way for broader development and acceptance long term. Those who will be burned are (capitalist) collateral damage in the process of price discovery and sorting out what works and what does not work long term.

[Torque]

What was our truly dumbest comment of 2017? There is no question: it was, and is and shall be going into the New Year our statements regarding Bitcoin. We thought it was a bubble at $5,000. We thought it was a Bubble at $10,000 and at $15,000 and at $20,000. We thought it would crash and burn long ago and clearly we were wrong

Dennis Gartman

And yet the U.S. stock market is the most overvalued of any point since the Roaring Twenties, but eh no problem it's perfectly fine.  

And I guess it gets lost on Dennis that the Wallstreet establishment is desperate to first get a Bitcoin Futures market and then Bitcoin ETFs propped up and fast. They surely aren't going through all the trouble and effort because they want to use them to fleece a bunch of supposedly dumb millennials. That wouldn't be worth the effort. So why the sudden rush? After all these years of Bitcoin being around, why now?

Perhaps Wallstreet views Bitcoin as an "uncorrelated asset" (read: not overleveraged and over-collateralized to the moon like equities)? Perhaps they know something bad is coming 12-18 months from now? Or that a Black Swan could come out of nowhere any moment?

[Karartma1]

Perhaps Wall Street knows that the actual economic cycle is coming to an end and Bitcoin (and crypto in general) may be ready to take over the status quo after a global financial collapse.

By the way, I missed you people. I have hundreds of pages left to read and I feel like a total noob in the recent days not knowing anything that happened.

[Toxic2040]

Perhaps Wallstreet views Bitcoin as an "uncorrelated asset" (read: not overleveraged and over-collateralized to the moon like equities)? Perhaps they know something bad is coming 12-18 months from now? Or that a Black Swan could come out of nowhere any moment?

I find it interesting how mainstream media is starting to label coins as "securities".

[mike4001]

14k again.

Hope that it sticks now and doesn't initiate a dump to 12,5k for the 4-5th time

[Ludwig Von]

What was our truly dumbest comment of 2017? There is no question: it was, and is and shall be going into the New Year our statements regarding Bitcoin. We thought it was a bubble at $5,000. We thought it was a Bubble at $10,000 and at $15,000 and at $20,000. We thought it would crash and burn long ago and clearly we were wrong

Dennis Gartman

And yet the U.S. stock market is the most overvalued of any point since the Roaring Twenties, but eh no problem it's perfectly fine.  

And I guess it gets lost on Dennis that the Wallstreet establishment is desperate to first get a Bitcoin Futures market and then Bitcoin ETFs propped up and fast. They surely aren't going through all the trouble and effort because they want to use them to fleece a bunch of supposedly dumb millennials. That wouldn't be worth the effort. So why the sudden rush? After all these years of Bitcoin being around, why now?

Perhaps Wallstreet views Bitcoin as an "uncorrelated asset" (read: not overleveraged and over-collateralized to the moon like equities)? Perhaps they know something bad is coming 12-18 months from now? Or that a Black Swan could come out of nowhere any moment?

Remember, Gartman is very famous for consequently, never failing, making wrong predictions, (publically at least). So this is not good news for us.  

[jojo69]

is that a distant rumble of thunder I hear?

[mike4001]

is that a distant rumble of thunder I hear?

I tell you in the morning if it was a distant thunder or if it came to stay

(almost 8 pm here)

[ragnar0k]

Do we have a breakout? Is the alt-partypooping starting?

[ssmc2]

Do we have a breakout? Is the alt-partypooping starting?

Not yet but soon

[Last of the V8s]

is that a distant rumble of thunder I hear?

indeed
https://www.youtube.com/watch?v=mpcKmhgwYvk
If it keep on raining, the levee's gonna break

[mike4001]

Basically every Altcoin in the red.

Bought 2 BTG just before the pump/dump started :-/

But well ... was only j4f

[ivomm]

Nice lil 1K BTC buy wall on Bitfinex moving up  

[jojo69]

oh wow

that wasn't thunder guys

[txtravwill]

I think we need to formally adopt the hashtag, #ThanksDennisG as we see double digit+ growth this year ;-)