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

[Elix9]

This crash, er correction, er whatever it is really sets things up well for the rest of the year.

So many newbs, naysayers, and casual mom and pops out there who have been thinking about dipping a toe into Bitcoin definitely won't now. They'll have a laugh now and it will fade, and they will completely put Bitcoin out of their mind.

And then they will again be shocked when it takes off to the moon again later on this year or next. I almost feel bad for the people who just can't seem to win because they believe they are smarter than everyone else already involved.

I agree, think things look good in the long run but may enter a bear market for a while. There were far too many people blindly throwing money at cryptos, especially alts, for things to grow in a healthy manner.

The alt pump and dumps were a red flag just begging for regulation as well. If the market can't handle RUMORS of South Korea or maybe China regulating, just imagine how devastating actual confirmed news about US regulation or SEC investigations would be.

Far too many normies investing money they couldn't afford to lose that they would yank out of the market at the slightest sign of trouble, did not bode well.

How quickly cryptos went from being about "decentralization" to "I want my lambo" was not encouraging. Who cares if the system is decentralized if it's still run by greed. Forget about having crypto being assimilated into the normiesphere, this should be about creating an entirely new space all together.

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[El duderino_]

Good morning Bitcoinland and greetings from the jungle in the Yucatan peninsula. Internet access is spotty out here so I haven't been checking in daily.

I see the "S. Korea bans Bitcoin" panic is continuing, all the way down to 4 digits and back up a little... currently $10160USD/$12645CAD (Bitcoinaverage).

I'm too lazy to work out the old coin price (damn, the Mexican lifestyle is getting to me) but all alts are down, mostly a lot worse than Bitcoin.

If I was at home I would have jumped on this dip and bought by now. Oh well, at least I bought the CAD in my pocket when the price was almost $21kCAD/BTC.

Hopefully everyone else is stocking up at these bargain basement prices. If prices are still down when I get back to civilization, I'll use what I have left of my travel float to buy more coins.

Hopefully this price foolishness will turn out the same way last January's "China bans Bitcoin" nonsense turned out last year.

Bitcoin is still strong. It's not just about blockchain technology, it's more about open source and decentralization.
_____

Damn. By the time my sketchy internet service got my message posted, we'd gone back down to 4 digits. Oh well, at least the scenery is gorgeous and the Mayans are super friendly.

Good enjoy the holiday i go end of the month BUT more important i Will buy little bit more This dip to cover what you are missing  

[El duderino_]

But whatever we all saw the dip , correction.... please green straight line up

[hisslyness]

Is the nightmare over yet ?

Nope, looks like we are going sub 10k again

Good, I've still got $2000 that I forgot to spend.

Ok let me try and get this price up again!.. I am going to Sell some more BTC.....

Current Price: 9826.00

[sirazimuth]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

Any honey badgers per chance?...

[CistaCista]

Bitcoin make up your mind! Which way do we go now? Can't just camp out at 10,000...

[OWZ1337]

Good morning Bitcoinland and greetings from the jungle in the Yucatan peninsula. Internet access is spotty out here so I haven't been checking in daily.

I see the "S. Korea bans Bitcoin" panic is continuing, all the way down to 4 digits and back up a little... currently $10160USD/$12645CAD (Bitcoinaverage).

I'm too lazy to work out the old coin price (damn, the Mexican lifestyle is getting to me) but all alts are down, mostly a lot worse than Bitcoin.

If I was at home I would have jumped on this dip and bought by now. Oh well, at least I bought the CAD in my pocket when the price was almost $21kCAD/BTC.

Hopefully everyone else is stocking up at these bargain basement prices. If prices are still down when I get back to civilization, I'll use what I have left of my travel float to buy more coins.

Hopefully this price foolishness will turn out the same way last January's "China bans Bitcoin" nonsense turned out last year.

Bitcoin is still strong. It's not just about blockchain technology, it's more about open source and decentralization.
_____

Damn. By the time my sketchy internet service got my message posted, we'd gone back down to 4 digits. Oh well, at least the scenery is gorgeous and the Mayans are super friendly.

^you heading to the Dead&Co shows? :-D i'm jealous~

https://www.deadandcompany.com/events/435843

[bitcoinPsycho]

watch the bounce

[infofront]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

BOB, I SEE BTC IS NEAR ROCK BOTTOM NOW. GOOD TIME TO SHORT?

[jojo69]

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

less phone

more binoculars 

[BTCMILLIONAIRE]

Oh my. Just got an email from one of my old "hot-shot-investor-type" acquaintances that is telling me he is thinking about shorting BTC.

At sub $10k.

...

My partner is literally facepalming himself right now.

It's real quiet out here in the wilderness, by the way. No coyote sightings yet.

BOB, I SEE BTC IS NEAR ROCK BOTTOM NOW. GOOD TIME TO SHORT?

Short at $8k. Too bad the leveraged shorting ETFs didn't come out. Would've been perfect timing.

[jbreher]

About 40 percent of bitcoin is held by perhaps 1,000 users

Got any data to go with your wild assertion?

Not that I think you're _wrong_, mind you. I just think you're spouting nonsense. I bet you never questioned where you heard that 'statistic'. amirite?

[Last of the V8s]

@ChrisBlec
Jan 16

Let's fast-forward a bit.

It's May 2018. Bitcoin's price has just crashed from USD $42,000 down to $29,000.

It's September 2018. Bitcoin crashes from $87,000 to $48,000.

It's January 2019. Bitcoin crashes from $105,000 to $63,000.

You think this dip is hard? Just wait.
16 replies 139 retweets 423 likes

[jbreher]

Your English is fine. It's your perception that needs work. With so many new participants streaming into the space, a rapid rise was inevitable. As is the correction. As will be the subsequent recovery and the next skyward burst.

Aren't you supposed to be a bear

Of course I'm a bear. Doesn't exclude me from being a bull. Just stop it with the species-ism.

[bitcoinPsycho]

@ChrisBlec
Jan 16

Let's fast-forward a bit.

It's May 2018. Bitcoin's price has just crashed from USD $42,000 down to $29,000.

It's September 2018. Bitcoin crashes from $87,000 to $48,000.

It's January 2019. Bitcoin crashes from $105,000 to $63,000.

You think this dip is hard? Just wait.
16 replies 139 retweets 423 likes

I might sell half my stash in Jan 19

[thrax]

What the forum needs is the option to restrict posting in moderated topics to an activity level set by the topic starter. This would at least require spam accounts to build up activity first and thus make the ignore button meaningful.

I wonder if Adam would be agreeable to a script that would auto-delete posts from users below a certain post count...

good idea imo!

I'm not sure that would work too well.

NotLambchop has made 7480 posts, but look at the shit he posted.

Good morning, gentlemen.  Still at it I see?

[tonyq]

About 40 percent of bitcoin is held by perhaps 1,000 users

Got any data to go with your wild assertion?

Not that I think you're _wrong_, mind you. I just think you're spouting nonsense. I bet you never questioned where you heard that 'statistic'. amirite?

Bloomberg is the source.
I feel they are trustworthy.

https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

[Last of the V8s]

^ from same fishwrap https://www.bloomberg.com/news/articles/2018-01-17/virtual-currencies-seen-as-evolving-threat-by-u-s-treasury

Treasury is working with the Internal Revenue Service examiners to review 100 registered digital currency providers as well as others that have not registered, Sigal Mandelker said in prepared testimony to the Senate Banking Committee on Wednesday. The department is also working with the Justice Department to pursue money laundering cases.

[HairyMaclairy]

From the article:

Ordinary investors are at an even greater disadvantage in smaller digital currencies and tokens. Among the coins people invest in, bitcoin has the least concentrated ownership, says Spencer Bogart, managing director and head of research at Blockchain Capital. The top 100 bitcoin addresses control 17.3 percent of all the issued currency, according to Alex Sunnarborg, co-founder of crypto hedge fund Tetras Capital. With ether, a rival to bitcoin, the top 100 addresses control 40 percent of the supply, and with coins such as Gnosis, Qtum, and Storj, top holders control more than 90 percent. Many large owners are part of the teams running these projects.

I had a look at Notlambchop’s post history. Doesn’t look sufficiently literate to be an FT journalist.  More of a word salad type like Roach.  We do have a track record of attracting the mentally ill.  But I’m sure it’s worse elsewhere.

[thrax]

I had a look at Notlambchop’s post history. Doesn’t look sufficiently literate to be an FT journalist.  More of a word salad type like Roach.  We do have a track record of attracting the mentally ill.  But I’m sure it’s worse elsewhere.

Looking at his posts put things into perspective for me. Three years ago he was predicting $80 coins. Three years later we will think it's the end of the world if bitcoin crashes back to $8000.