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

[jbreher]

There is no need to use BTC at the subchannel level.  You could have a Tether running at the subchannel level.  

Litecoin, Tethers, tabs...

Cracks me up how you core acolytes are always advancing ways to use something other than Bitcoin.

Whatever happened to Risto, BTW?

From what I can gather, he stole everyone's value in that weird alternate reality game of his, and went insane again. Perhaps not in that order. He's been levitating and such. Believes he has a direct conduit to some supreme being somewhat in the judeo-christian mold, but pliable to his personal desires.

Too bad - he was quite the asset to the community when he was lucid.

3.  I live my life in containers.  This forum is part of my Bitcoin box.  It is not allowed to touch the other boxes.

it take a lot to let the boxes touch - it would need to be a life changing event.

Interesting perspective. Worthy of ponderation.

Interesting Bitcoin is hanging around 160,000 unconfirmed transactions ... with 3.4 transactions per second coming in.

Does this mean:

3) This is a good sign

If you find the fact that Bitcoin is being used less to be a good sign, then I guess so. Personally, I think usage is a good thing.

Bcash falling at a double rate than the true and only bitcoin is my consolation.

Better yet, Ripple is down 1/3 on the day.

The start of the drop was a also a spike in volume -- on GDAX at least. Volume going down. If this is systemic, we should snap back soon.

Edit: dropping volume was a fake. Dependent clause therefor also suspect. drat.

Isnt it suspect that the whole cryptos crash all at once?

No. While CMC and others display the USD value of the various assets, most of them are fundamentally denominated in BTC. So when BTC gets the sniffles, they all get sick.

Some McAfee fun.

Haha. 'No-body's perfect'

https://youtu.be/CYUfPTeE0DM?t=31s

[Last of the V8s]

Last of the V8's.. That's been tried way way back when.. I actually like HBN HoboNickel's. Wish it would have survived.

which of the many idiotic 'that's' do you mean?

[Deeyoh]

PoS coins. There has been a lot of those and none has worked so far.

[Toxic2040]

Some McAfee fun.

-snip-
-snip-

"She tried to kill you"

"no ones perfect"  

Crazy dosent mean you dont know how to have fun.

[BitcoinBunny]

$13,500 bottom?

[Last of the V8s]

PoS coins. There has been a lot of those and none has worked so far.

you had me at 'pos'

[Toxic2040]

$13,500 bottom?

Might be a tad early...I would look in another 5-9 hours once the east has awoken.

[Torque]

Some McAfee fun.

-snip-
-snip-

"She tried to kill you"

"no ones perfect"  

Crazy dosent mean you dont know how to have fun.

As if anyone needed more reason to conclude that John McAfee 1) is certifiable and a drug addict, and 2) knows fk all about the future of crypto, here ya go:

https://twitter.com/officialmcafee/status/950366445401231360

[siggy_70]

Did everyone here manage to claim/dump their superbitcoin and bitcoindiamond? I figured out the easiest method last night and got a few extra btc for dumping them

Please elaborate.

https://bitcointalk.org/index.php?topic=2702926.msg27635171#msg27635171

so that works if you have a recovery seed... I have yet to find any way to split bitcoindiamond from the core-dev bitcoin-QT wallet...  Aside from pulling down and compiling the bitcoindiamond code, has anyone found a safe way to split bitcoindiamond from a bitcoin-QT wallet/node?

thanks,
Sig

[Last of the V8s]

Anybody Any non-troll foresees a bottom here? :/

I have no idea what sort of world I've just woken up to, but I'm calling $14k the bottom for this round.

Sea of red be fucking retarded, yo.

BTC buying opportunity.

[Lopumbo]

There is some huge manipulation going on and it wont end good.

As much as I can remember when btc crash alts crash harder most of the times.
To me it seems that alts pump mostly when the btc action gets boring.

[ivomm]

My explanation for the last weeks is this: people are desparate to increase their BTC holdings by selling on the way down with the hope they will rebuy lower. This only shows that everyone knows that BTC is going to rise much in the coming years (with or without ETF). If there are still noobs that chase alt pumps, they will either be broke by the end of January, or switch to BTC in time.

[Lopumbo]

i still don't understand how a market (that big) moves simultaneously with some small exceptions
looks like prices are a complete manipulated mess

[BitcoinBunny]

I told you at 16,5k that the old mammoth is faltering and it's going exactly as I speculated. Next stop dead cat's bounces at 13k,11k and then possibly the final death spiral.

It's a shame you are new here because with your amazing knowledge you could have prevented me of getting into Crypto a while ago and sitting on a small fortune.

Oh well...

[Deeyoh]

Yep, it's shaking out all the dead weight.  Getting all the panic sellers in 1 go. LOL

Only one that really rode the wave very well was ETH.  Strange.. I swapped over to it when I saw it wasn't dipping with the rest.  Caught it just as everything dumped.  Sooo, now my Theory is the Russians had a hand in the dump since ETH didn't get hit.  Lost 150 billion market cap in a few hours..  Other gov's better get in on the action or they will start missing out.  Need some gov whale fights.. LOL that would be epic to the quadrillions.

[Toxic2040]

[BitcoinBunny]

I told you at 16,5k that the old mammoth is faltering and it's going exactly as I speculated. Next stop dead cat's bounces at 13k,11k and then possibly the final death spiral.

It's a shame you are new here because with your amazing knowledge you could have prevented me of getting into Crypto a while ago and sitting on a small fortune.
Oh well...

LOL. Here's betting we're flirting with $18k by Friday.

If Dec 17 and Jan 18 and possibly Feb 18 go down as the only few months BTC was ever between $10K-$20K I'd say that is a pretty meteoric rise.

(Big picture)

[JayJuanGee]

I am currently 100% BTC on my BTC / USD account.  I will start selling down again as we hit $16k, to a low of 98% BTC.  Yes I am a hard bull because anyone not on the train when it leaves the station will be left behind.   Again.

I have Tether and Alts in my Alts account.  But that is firewalled from the BTC account and they don’t mix, other than taking profits in BTC which is a one way process. Those funds never come back to the Alts account.

Edit:  first sell at $15900 so no longer 100%....  

The problem from my perspective is that the weekend dip grossly underperformed. I was targeting buying back lower.  This is a strong bullish signal for the week ahead.

Don't get me wrong, because I am completely sympathetic for bullish inclinations, and it could be possible that we are merely using the terminology differently?


Or perhaps, I am just not as smart as you in terms of figuring out BTC price direction.


I know that you are proclaiming a pretty fucking strong indication that BTC prices are going UP from here - but really, how can you know for sure.  NO one knows... NOT even Roach.

What I am asking is what if prices go below $10k, then what you going to do?  If you have money to buy under $10k, then you are already NOT 100%, and we are merely using the term 100% differently.    

By the way, I have orders set all the way down to $3k; however, I think that the odds are quite low that any of them are going to be filled.. even filling orders below $10k is seeming like a pretty big stretch, but I still think that it remains a very prudent thing to prepare for the unexpected, no?    

1.  At the time of this post its 5.57 am on Monday in New York on the first real work week back from Christmas.  We know that the price drops during holiday periods.   This dip can be seen as the bears’ last blow off before life returns to normal.  

2.  We know that Bitcoin will most probably be listed for an ETF in coming months. The whales know it too. They have been trying to shake down the hodlers all Xmas break.  Their efforts have been fairly dismal.  When the ETF is announced (or rumored) the price will go vertical and Bitcoin will claw back its dominance as the alts quagmire sinks.  To me it is obvious this is a short lived dip.  Like I said, I am a bull.  

3.  I live my life in containers.  This forum is part of my Bitcoin box.  It is not allowed to touch the other boxes.  In 2014 I put was I was prepared to lose into the Bitcoin box.  Since then I have not put any more money in.  The box is mostly full Bitcoin but is allowed to sell some small amounts for pullbacks.  When I talk about being long, it is because my Bitcoin trading box is out of fiat.

4.  In the event of a major price drop, I might consider taking some money from other parts of my life (other boxes) and putting it into Bitcoin.  Not a drop to $8k which I would consider fairly minor, but a drop to $3k would get my attention.   I have been successful since 2014 and so what I am prepared to lose would be bigger, but it take a lot to let the boxes touch - it would need to be a life changing event.

In summary I think the confusion lies from us using our terminology in two different senses.  

Thanks for the explanation.  Even though I believe that you should have more fiat in your bitcoin box, you seem to have a system that works well for you, and I agree about the likely ongoing bullish direction of bitcoin overall. 

I agree also that we are kind of overlapping in our terminology, but also our shorter term approaches to this bitcoin matter and how we deal with some of the expected short term volatility seem to be quite a bit different too, and that would likely be a bit of to each his own situation.

I do stick to my guns in my suggestion for everyone... never go full fiat nor full bitcoin. ... hahahahahaha 

[kosse]

LOL. Here's betting we're flirting with $18k by Friday.

Ok my bet is 11k. 8k tested once the the weekend slump hits  

[gentlemand]

More McAfee live.

https://www.youtube.com/watch?v=Tgs5CXkJcIs

This is your brain on drugs, kids. Lucid but, er, twitchy.