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

[Enjel]

Did people actually get scammed in Bitconnect? I feel as if very few people actually bought any in the first place.

[gentlemand]

Did people actually get scammed in Bitconnect? I feel as if very few people actually bought any in the first place.

I doubt it's very many people on here. They spent so much on creepy Scientology style conferences that presumably it preyed primarily on the non crypto savvy.

And the volumes reported on Coinmarketcap were almost entirely within the confines of their own 'exchange'. Real world markets, all two of them, were running at a few thousand dollars per day.

[Toxic2040]

$50 in 2018's purchasing power.

Yep, but we're probably at the ATH right now-ish.

With every price rise single digits become more and more likely, I think.  I'm patient.

I'll give OP a bitcoin if it hits $1000/BTC this year.  Will not happen.

In the grand scheme of things this run from the teens to ~$90 will appear very short lived and ridiculously bubble-ish.  Years from now at the bottom of the coming correction we'll all recognize how absurd it is that BTC traded at this level.

If BTC reaches $10,000 at the current stage of the BTC economy, THAT would be a bubble.....

That would be the end of bitcoin.

Bitcoin probably won't hit $1000 again because of sources.

The price of bitcoin is unlikely to ever reach $1,000 again. Also, if it starts irrationally working its way up to near $1,000 there are a lot of people eager to sell and the price will catastrophically collapse again. Bitcoin is in a long term downtrend, though there will be ups and downs as people are slow to realize this confirmed fact.

I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.

The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:

https://i.imgur.com/cQ8G7MN.jpg
https://i.imgur.com/ZRJofhv.png
https://i.imgur.com/NveJpUE.jpg
https://i.imgur.com/VjgnSlu.jpg
https://i.imgur.com/HsUhGNe.jpg
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html
https://www.cbr.ru/ckki/

Exactly! That is the problem. I've been around for a while so you can trust me. I remember in early April 2011, when bitcoin was trading at ~$0.80 and in a matter of a few hours hit ~$0.60! I knew that was the beginning of the end for bitcoin, and its proved correct as we've sustained a long term bubble-pop down trend (you have to ignore the recent highs which are imaginary and will regress to the downtrend mean). I'm glad you can see things clearly as I do, and hope you've managed to escape the catastrophic bitcoin downward spiral. Good luck!

Of course this is a bubble. Just look at the data. We'll likely see sub $1000 before the year is out, which will signal the final long term bear trend to near zero.

I'm being serious. This drop is different. The number of people involved is enormous (e.g. cryptomoms). Bitcoin (and ultimately all cryptos) will not recover from this one. Too many people will be burned here for the market to sustain itself. We're finally (finally!) at the beginning of the end. I've confirmed this with multiple sources.

Just reviewing my contrarian indicator...all is well.

[Last of the V8s]

https://bitcoinmagazine.com/articles/study-suggests-25-percent-bitcoin-users-are-associated-illegal-activity1/
criminals use money, and they move it about more than hodlers

[Toxic2040]

For those of you who's Latin is rusty..

Isaac Newton

"If I have seen further than others, it is by standing on the shoulders of Giants."

Bitcoin GitHub History Visualized
https://www.youtube.com/watch?v=K2OBbK-7qPc

[Ibian]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

[Toxic2040]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

Glass Butte Fire Obsidian...one of my fav "rocks".

I am thinking you are talking about jewelry like a ring...rather than a specimen.  If thats the case...Sapphire?

[Ibian]

My google-fu uncovered tanzanite. Apparently only discovered 50 years ago, pretty blue color. Never heard of it before, maybe something like that would do.

[Dabs]

@Ibian, try Blue Diamond ? Altho that may seem a bit cliche too. I'd probably just get some other metal like palladium or platinum, or one of those gold plated tops I've seen advertised.

[gentlemand]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

You'll find prettier rocks rooting around on the average beach for nothing.

[JayJuanGee]

This fits the format of late 2013 / 2014 better than early 2013. early 2013 was this immediate 80% flashcrash that rebounded on huge volume. late 2013 / 2014 was a slow jagged grind down on lower volumes, which is what is happening here. Im not saying it's going to happen but in no way can you compare this chart to the early 2013 chart.

https://i.imgur.com/A5VQPrM.png
early 2013 which looks nothing like the current chart

It seems the 2013 example is a bit different: the price ran up 10x in about 2 months; the aftermath was brutal and prolonged.
In the matter at hand, the run up was much more gradual; I do not have the time to fully reflect on the comparison of the 2013 aftermath and my expectations for the current 'aftermath', but it almost seems as if the 'aftermath' already took place. Perhaps a short trip to $7,500 to satisfy the perma bears but the damage visible on the 3d chart is minimal compared to the 2013 example.

I remain with my original thoughts: in order to have a post-bubble period one should first have a bubble. Wake me up at $50k  

Actually, after this current considerable correction to 43% and then to 53% and bouncing around in the 35% to 45% territory, and the earlier three corrections of 30% and 40% and 27%, it seems that $50k would no longer be bubble territory, unless we were to go there in a rapid fashion, such as in one or two months... Wake me up at $120k, you fucks.      

[xhomerx10]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

 It's only about US$100Mill ... or ~BTC100 at 2023 prices.
edit: all of the stones are diamonds; fancy, coloured diamonds

[Last of the V8s]

Je suis ni vise pouvez vous m’expliquer sans mot compliqué comment comprendre un tableau  graphique merci

https://bitcointalk.org/index.php?board=208.0 Bitcoin Forum > Local > Français > Débutants

[Toxic2040]

-snip-
Je suis ni vise pouvez vous m’expliquer sans mot compliqué comment comprendre un tableau  graphique merci

une grande demande pour votre deuxième poste ... peut-être essayer ici?

https://bitcointalk.org/index.php?board=187.0



*edit

smoked by the v8.. 

[FractalUniverse]

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.   

im not worried about long time holders, I believe they would  survive another brief 40% drop like they had to many times before.  
There is a plane B as well (actualy thats A), to accumulate through alts, which seems to be much easier than waiting for very deep dips.

Yeah, I find it strange too, but have already wrote somewhere, that i was hit but nearly every exchange scam since 2011   Back then I was just a poor boy with old computer. I left back to forex several times after i got tired of getting scammed-but always returned after while... and finally quit with FOREX rigged game for good last summer.
[I can still remember my first encounter with scammer - on IRC otc market: https://bitcoin-otc.com/viewratingdetail.php?nick=FractalUniverse&sign=NEG&type=SENT]

The grid trading system is very good for bitcoin, you are playing it very safe. Im much more aggressive in trading, but true- its connected to amount of funds involved. There is large amount of variations to grids. its not necessary to accumulate or release slowly. Increments and position size may be variable as well as fixed; and if it goes in one direction for too long, defensive strategy can be used (slowly rebuying high or decreasing positions when it gets out of comfortable zone, hedging, playing with support/resistance  etc. .. use your imagination, its not crucial to get in close to bottoms or sell close to top). But of course, when/if it gets to the point when i have optimal funds for trading, BTC profits will go into offline wallet.

Many holders here have lots of bitcoins because -years ago- you/they did what I didnt. And interestingly, im not envious at all. There is no problem to get back on track in this phase. Its not too late yet.

[JayJuanGee]

Yes, a very self-teachable moment. Once we start mooning again I need a strategy that goes beyond kicky memes. I'm an adult now!

I get the sense that you really do not want to learn from your mistakes.

The reality of the matter is that we do not need to "moon" before you can consider and even begin to implement a strategy that is going to cause less emotional behaviors from yourself.

Surely, none of us go from 100 to 0 on the emotional scale without some practice, and likely none of us go completely to zero on such a scale.

You admitted that you already sold 5%, so you can structure a plan that would allow you to buy part or all of that 5% at certain price points that are comfortable for you (which would be on the way down), and you can also set up your future sell points that are comfortable for you (which would be on the way up).  Surely, you are not a lost cause unless you keep repeating the same exact behavior that is causing nervousness and causing you to do the opposite of what you should be doing and failing/refusing to learn from it.  Can we hope that you take some immediate action?  What is the likelihood that immediate action will be taken?  50/50?

[xhomerx10]

I find myself in need of a pretty rock. Mostly just because. But diamonds are too... cliche, mainstream, dirty? Something less common, but still very pretty to look at. Any suggestions?

You'll find prettier rocks rooting around on the average beach for nothing.

[JayJuanGee]

So what do you think, guys ? Sell my next block @ $11.5k or hold out for $12.5k (likely within 24 hours...)

You're awful needy for a top.

And we get it with the mill or two already. Meh.

hahahahaha

Hilarious....


I am not going to chime in with substance on this particular point (unless begged) because I already gave my suggestion on this point, about 2 weeks ago. 

[RayX12]

I have no doubt, but I'm on a schedule. I've made peace parting with 20-30% of my Bitcorn reserves to fund my retirement, within the next 30 days.

Now I'm just dealing with the stress of timing my sell-walls

Is people like you that are holding the train.. you waited how many years to sell BTC and now you cant wait to be a fiatllionare?  WTF?

[Wekkel]

Just sell when you feel the time is right. Selling into stronger hands never hurts and nobody went bankrupt taking a little fiat profit