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

[JayJuanGee]

at least the bitcoin market dominance is increasing right now.

At least there's that.

Oh. 34.9%? Is that good?

it was at 33% a few days ago and incredible 34.8% yesterday

Surely, market cap and BTC dominance is one indicator amongst many indicators, and surely such market cap indicator can be and has been manipulated and disproportionately emphasized to cause misleading conclusions and to draw folks into following schemes and to be distracted into bad decisions, such as giving up their bitcoins in favor of other pump and dump projects that may end up collapsing on them. 

Market cap is not irrelevant - but surely needs to be weighed in a more meaningful context in order to attempt to determine capital shifts in the crypto space and even better attempts at understanding some of the symbiotic relationships in the crypto space, too..

[1713925355]

1713925355

[1713925355]

1713925355

[1713925355]

1713925355

[1713925355]

1713925355

[1713925355]

1713925355

[1713925355]

1713925355

[Dakustaking76]

As for 10k, I don't think that's important, and I don't really fear for the short-term of this market.

Has Bitcoin Wanga ever made a public, decisive claim (in this case, very lowest at 8k, then going up a lot) and been wrong?

He called the 9k bottom very accurately, when a ton of other people were saying 10k as the critical level. He's even advising everyone to buy anything under 10k.

Sounds pretty confident to me.. and since I can't read this market, and hold a few BTCs that I don't intend to liquidate at a loss compared to ATH, that's good enough for me.

Exactly, correct me if I'm wrong Masterluc's aka Bitcoin Wanga's last prediction was dump then ~9k sideways for a couple of weeks then moon (45k-110k) before 2019.

I like your prediction 45k to 110k 

[thisisntbic]

I think that in this context the BIG words of, "apparently not" only signify that BTC price had been continuing to have downwards price pressures in spite of news that should be unambiguously positive, in terms of BTC fundamentals.

That's what I assumed as well. My point was that they should say that and stop making people assume. At the time the price was changing +-$100; negligible compared to what we've been dealing with the last few days and weeks. Even now, the price is still within ~$100 of this morning; apparently the news/non-news is not having all that great an effect on price as they implied.

It's just annoying seeing "click-bait-esque" posts on here that the user adds nothing to the conversations. I'd much rather read through longer posts (like yours or even, dare I say it, r0ach's haha), at least I can try and glean something from them.

If I wanted useless posts, I'd go to r/btc. Oh well, my ignore list grows (like it matters, I'm a nobody here :p).

_{Edit: The next 24 hours are critical}

[JayJuanGee]

are you ready to go under 8000€ / BTC ?

8k is old news. Now its 4-5k.

We are in a bear market, and since its based on panic, a bear market is irrational.

Corrections are for rational markets. This recent fallback to 10k is no more a correction.

You are fucking crazy.

A bear market cannot be assessed merely based on a BTC price correction that is slightly more than one month old, and also in the context of recent BTC history of BTC prices rising 78x in the past two years, and 7.5x between August and December.

So, get the fuck out of here with your way too premature bear market assessment. 

On the other hand, if BTC prices were to go below and to be sustained below $5k in the coming 2- 3 months or even a bit further down the road, then I may start to consider that a bear market assessment is becoming more reasonable at that time - but even then... each of us needs to consider the broader context for our bear/bull market proclamations in terms of both time and market movements, and you likely need to snap out of throwing around such market assessment terms so loosely because even if we might have a deep correction or a even a kind of "bear trend" and/or short term dominance of the bears,  bull markets do not convert into bear markets (or vice versa) in a mere matter of weeks or a month or two.   

[Last of the V8s]

@ProfFaustus https://twitter.com/ProfFaustus/status/955516823876890625
4h4 hours ago
Replying to @ProfFaustus @lopp @iang_fc

You may also know that Dave and I submitted code and work to the DHS. This included the Truecrypt flaws and also methods on tracking via Tor... So, yes, I have some idea of determining application details... Read some of the papers.. you may learn something.

[El duderino_]

Breaking 24777$ prediction game      FINAL LIST       

[edited out]


WHY SO MANY OFF YOU THINKING PRICE WILL BE ONDER 8K END THIS MONTHY??  WHILE SO MANY OFF YOU GUESS ALL THE CLOSEST POSSIBLE  DATES WHEN THIS LIST CAME OUT

Looks like your caps lock is stuck, MICGOOSSEN.          

Of course, factors change over one month or two months time, and therefore, what is reasonable and/or probable changes, too.  There is no absolute inevitable price direction or predetermined outcome in regards to the future, and that is one of the reason that any kind of precise prediction game is going to end up being largely luck, and maybe only a sliver of skill or even the fantastical concept of prescience.

-if the capLock wasn’t on you would’t see the writing under the list ....
- and offcourse its a dumb luck game.., everybody with a little bit of good mind knows we have to buy BTC for the long term hodl and not to see the price every day and set 1000 of sell orders and buy orders and.... Just buy and When possible to afford more Just to buy and hodl as well.., maybe every week month same date Just buy no matter what the price is @ that time.... and after good learning Reading maybe buy 10 of the 100 % in other currency’s
- ONLY i have the same Sickness of checking the price constantly knowing that i’m Not Going to sell but Thats Just my problem ;-)  ( while i tel all my friends buy don’t look Just buy When possible)

[RoomBot]

@whalepool
1h1 hour ago

Want to easily try out lightning on the test net? 

Use web wallet https://htlc.me/

Go to @eiaine's store at https://elaineou.com/shop/ .

Pay tBTC to get tweeted by the @lightningb0t.

Simple. Easy. Fast.
3 replies 11 retweets 21 likes


@eiaine
Replying to @whalepool @lightningb0t

twitter locked the account after Bcash ppl made it tweet racist stuff. i am impressed they figured out how to use lightning.
https://twitter.com/eiaine/status/955498284667224064

BITCOIN JESUS!  

Spamming the Blockchain Mem Pool is evil behavior, but this is a whole NEW LOW.

Very dangerous, divisive, potentially explosive behavior --  NOT COOL!

[HairyMaclairy]

Dammit that’s much better than mine.  You win.

na not mine
go on anyway

Knock knock?

who's there?

Satoshi

[Last of the V8s]

Dammit that’s much better than mine.  You win.

na not mine
go on anyway

Knock knock?

who's there?

Satoshi

Satoshi who?

[Neo_Coin]

Dammit that’s much better than mine.  You win.

na not mine
go on anyway

Knock knock?

who's there?

Satoshi

Satoshi who?

[HairyMaclairy]

Dammit that’s much better than mine.  You win.

na not mine
go on anyway

Knock knock?

who's there?

Satoshi

Satoshi who?

Craig Wright

[Last of the V8s]

[Toxic2040]

Breaking 24777$ prediction game      FINAL LIST       

-snip-

WHY SO MANY OFF YOU THINKING PRICE WILL BE ONDER 8K END THIS MONTHY??  WHILE SO MANY OFF YOU GUESS ALL THE CLOSEST POSSIBLE  DATES WHEN THIS LIST CAME OUT

Looks like your caps lock is stuck, MICGOOSSEN.          

Of course, factors change over one month or two months time, and therefore, what is reasonable and/or probable changes, too.  There is no absolute inevitable price direction or predetermined outcome in regards to the future, and that is one of the reason that any kind of precise prediction game is going to end up being largely luck, and maybe only a sliver of skill or even the fantastical concept of prescience.

I disagree. Our sample space is getting large enough for a joint probability distribution where our reaching a new ATH within 12 months is non trivial.

[JayJuanGee]

What the fuck is going on...

BTCBTC skyrocketing weee

>>pic<<

Just bought another small fraction. Now I have whopping 0.25 BTC. I cant remember the last time  i had that much I love these corrections
next buy order at 10k
If we get to 6k, i might have whole 1 BTC by then  

Yeah.. I hope the rest of us and the many HODLers get fucked, merely so you can accumulate a whole BTC.   

I do find it a bit strange that you, as a member here since mid 2011, do not HODL more BTC, and also that you would be planning to increase your BTC holdings by 3x, in the event of another approximately 40% BTC price drop.  It is likely you are in a BTC accumulation stage rather than in a BTC maintenance stage, in spite of your years of membership on this forum.

Just for illustrative purposes, I will disclose that I have several times more BTC than you, and I am not trying to brag, but just stating a fact based on your representations.

And let me assert that surely, I am much more wealthy overall if BTC prices are up rather than down, but sounds like you and I have a similar BTC buy on the way down strategy, yet it seems that I play with much less extremes than you (likely because I am in a kind of maintenance stage and you are either in an accumulation stage or a BTC gambling stage).   

Even though both of us are buying BTC as prices go down, my accumulation of BTC in terms of the percentage of my whole BTC holdings remains way smaller than yours, and if BTC prices were to go down another 40% from here, to approximately $6k, my current preset BTC buying plan would only trigger that I buy about 4% more BTC into my overall BTC holdings.   

Seems like my street cred as largely a BTC HOLDer is bolstered by such a fact that I am not playing around with a very large percentage of my BTC holdings, even though I could possibly profit a bit more from a bit more aggressive BTC selling strategy that would thereafter result in me buying more BTC on the way down, but it seems that I am too chicken shit and conservative to take such a more aggressive approach, because I feel that overall I would probably end up getting screwed out of more BTC, if I were to take such a more aggressive approach that results in playing around with a larger percentage of my overall BTC holdings.   

[sirazimuth]

So when bitcoin tanks and goes red, instead of clicking on the 1 day chart I just click on the one week chart,
and if that's red then I go for the 1 month... oh shit!! still red!? ...well ok, then the 3 month etc,
till I see it go green, then I'm like "ok I'm still good!...." ( I got about 3 years to go I think...)
of course this doesn't work for noobs....

[Torque]

Can u feel it? Dat grippy fear be grippy yo...

Nah not really.  

I bet the wittle crypto kiddies are wetting themselves though.

[Morecoin Freeman]

Ha that was some nice FUD to finally put us at 10k. Have been waiting for this buying opportunity.

Thank you bears!

[Last of the V8s]

DOOM

dirge?

[JayJuanGee]

are you ready to go under 8000€ / BTC ?

SHUT YOUR FILTHY WHORE MOUTH !!!

 

are you ready to go under 8000€ / BTC ?

8k is old news. Now its 4-5k.

RRRRRREEEEEEEEEEEEEEEEEEEEEEEEEEEEeeeeeeeeeeeeeeee.....

go some pages behind to see that i asked the same for 9000 €
if someone did listened to me and had a profit from my prediction send a tip ! my BTC address is on the left

OH?    You are here to attempt to cause folks to follow your BTC price predictions and/or to receive (beg for) BTC "donations" in the process?  

From this levels, only sell btc

You giving advices, newbie?

If you think about it, BTC already had a bit more than a 50% price correction, and currently bouncing around the 35% to 45% territory.  

Seems like a good range to buy, rather than sell, but depends how many BTC you already have.  

I don't have any yet, but I will buy at a price 6700$. Good luck

If you speak the truth, then it seems that you do not have too much positive view about bitcoin, so even if you do end up being able to buy BTC at $6700, it does not seem too likely that you will hold your BTC for very long.  You do not seem to have much confidence in bitcoin, so good luck to yourself with those kinds of BTC bear views, unless you develop a come to Jesus moment.  

I will continue with my buying on the way down system, and if BTC prices go down to $6,700 I will end up buying around $7k, and if they go to $6k, then I will buy there.  My orders are already set down to $3k, yet I do not believe my orders at $8k or lower are likely to fill - even though previously, I had asserted that if we break below $10k (a couple weeks ago), then $8k becomes reasonable, and I suppose if we end up breaking below $8k, then $5k to $6k would become reasonable at that point.

Currently, I see nothing wrong with preparing for BTC prices down to $5k or even below that, but it does seem unreasonable to prepare only in that one direction and even not to hold any BTC, currently.

My opinion is that holding BTC right now is very risky. i hold some alts and EUR. ALL my BTC sold at 9000€ level and above that.
Good luck to everybody!

People have been proclaiming this kind of shit in the past couple of years all the way up from $250 to present, and they get especially self-righteous about their "get out of BTC" recommendations during BTC correction - which frequently have caused folks to engage in behavior that is the opposite of what they should be doing.  So instead of buying BTC on dips, they end up selling their BTC (or a decent percentage of their BTC) at the bottom of said dips.

Certainly sounds like a bad strategy to me to follow some bullshit like you are suggesting, especially since BTC prices have already corrected more than 45% in this particular dip, and also based on ongoing decent BTC fundamentals....   So really seems that folks should either be HODLing where they are at or buying more upon further dips, in the event that such further dips come.

[Rosewater Foundation]

DOOM

dirge?

I'm no Prince Hamlet...