Bitcoin Forum
May 19, 2019, 09:50:28 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: May 18 Bitcoin Closing Price (Stamp):
$0 - 1 (0.7%)
<$5,000 - 7 (4.7%)
$5,000-$5,500 - 2 (1.3%)
$5,500-$6,000 - 0 (0%)
$6,000-$6,500 - 5 (3.3%)
$6,500-$7,000 - 15 (10%)
$7,000-$7,500 - 17 (11.3%)
$7,500-$8,000 - 23 (15.3%)
$8,000-$8,500 - 18 (12%)
$8,500-$9,000 - 15 (10%)
$9,000-$9,500 - 10 (6.7%)
$9,500-$10,000 - 7 (4.7%)
$10,000-$20,000 - 16 (10.7%)
>$20,000 - 14 (9.3%)
Total Voters: 150

Pages: « 1 ... 19302 19303 19304 19305 19306 19307 19308 19309 19310 19311 19312 19313 19314 19315 19316 19317 19318 19319 19320 19321 19322 19323 19324 19325 19326 19327 19328 19329 19330 19331 19332 19333 19334 19335 19336 19337 19338 19339 19340 19341 19342 19343 19344 19345 19346 19347 19348 19349 19350 19351 [19352] 19353 19354 19355 19356 19357 19358 19359 19360 19361 19362 19363 19364 19365 19366 19367 19368 19369 19370 19371 19372 19373 19374 19375 19376 19377 19378 19379 19380 19381 19382 19383 19384 19385 19386 19387 19388 19389 19390 19391 19392 19393 19394 19395 19396 19397 19398 19399 19400 19401 19402 ... 23882 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21166573 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (23 posts by 12 users deleted.)
gentlemand
Legendary
*
Offline Offline

Activity: 2002
Merit: 1672


Baby Blue Panties


View Profile
January 31, 2018, 02:08:43 AM
Merited by Karartma1 (1), bitebits (1)

When LN is released to the public, this trend might be over and price will go up again.

The public won't understand what it is or give the slightest shit. They want to sell for more than they paid. That's the full extent of their interest in crypto.
1558259428
Hero Member
*
Offline Offline

Posts: 1558259428

View Profile Personal Message (Offline)

Ignore
1558259428
Reply with quote  #2

1558259428
Report to moderator
There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558259428
Hero Member
*
Offline Offline

Posts: 1558259428

View Profile Personal Message (Offline)

Ignore
1558259428
Reply with quote  #2

1558259428
Report to moderator
1558259428
Hero Member
*
Offline Offline

Posts: 1558259428

View Profile Personal Message (Offline)

Ignore
1558259428
Reply with quote  #2

1558259428
Report to moderator
Enjel
Member
**
Offline Offline

Activity: 70
Merit: 21


View Profile
January 31, 2018, 02:09:02 AM


I think I might reverse my earlier assessment of it going back to 1k.

This is looking increasingly like one of those "propellor overheat" corrections on a humungous scale, which means we're still in a heavy bull market. I've seen this so often now, not just in bitcoin but in altcoin markets as well. See this post for background:

http://bitcointalk.org/index.php?topic=178336.msg17475939#msg17475939

The problem is, the correction's just far to sharp and deep for it to be the start of a long term bear market. What's happened is it got overheated in December, then the bubble popped. Then shorters took control and it gets oversold. Then the short bubble pops and it generally ends up halfway up the retrace where it stabilises. So that would be around $13,800 if it spikes down to, say $8800.

If it really was the start of a long term bear, what usually happens is you get a bubble popping to, say 30%, 40% retrace, then a slow build up over a couple of months, then lower highs from there on for 6 months to a year. This isn't like that. It's a perfect bitcoin overheat retrace type correction (IMHO that is).

Lets see what happens when the shorts close and re-assess as we're getting into oversold territory at increasingly long ranges now. RSI is confidently oversold at all ranges up to the 6 hour already, 12 hour is just entering and 1, 3 day are not far off.



Here's a close-up of that "propellor" correction pattern I was referring to earlier.

2 of them compared. Now go back and see them in context of that other big chart and a somewhat informative picture starts to emerge.

This is a very interesting way of looking at things.

So basically, you are saying that we are now at the bottom pretty much, since the first "pop" was the initial one, and the drop now is the big one, when the price will increase?

How is this different from Elliot Wave Theory, and why do you think this pattern occurs?
True Myth
Member
**
Offline Offline

Activity: 84
Merit: 21


View Profile
January 31, 2018, 02:10:55 AM



Google Trends for Bitcoin is the only indicator that is 100% accurate Grin

So... We should pump Google searches for "bitcoin"?  Someone set up a bot please.   Tongue
Enjel
Member
**
Offline Offline

Activity: 70
Merit: 21


View Profile
January 31, 2018, 02:15:43 AM

Also, for your "propeller" graphs, and the price history, it seems that after each correction, the new top is about 2.5x - 3x higher than the previous bottom.

In that case, if 9k really is the bottom, then we should be expecting BTC/USD around 25k in the next few months. Is that what you're predicting?
Torque
Legendary
*
Offline Offline

Activity: 1792
Merit: 1486



View Profile
January 31, 2018, 02:16:56 AM
Merited by micgoossens (1)

The problem is, the correction's just far to sharp and deep for it to be the start of a long term bear market. What's happened is it got overheated in December, then the bubble popped. Then shorters took control and it gets oversold. Then the short bubble pops and it generally ends up halfway up the retrace where it stabilises. So that would be around $13,800 if it spikes down to, say $8800.

If it really was the start of a long term bear, what usually happens is you get a bubble popping to, say 30%, 40% retrace, then a slow build up over a couple of months, then lower highs from there on for 6 months to a year. This isn't like that. It's a perfect bitcoin overheat retrace type correction (IMHO that is).

Lets see what happens when the shorts close and re-assess as we're getting into oversold territory at increasingly long ranges now. RSI is confidently oversold at all ranges up to the 6 hour already, 12 hour is just entering and 1, 3 day are not far off.

I agree.

I mean, just look at the 1d chart on Stamp. The short/sell volume has been falling ever since the ATH. Right now in comparison to previous legs down, it's pathetic.
jojo69
Legendary
*
Offline Offline

Activity: 1386
Merit: 1744


no FOMO


View Profile
January 31, 2018, 02:37:04 AM

we keep telling ourselves these stories

these charts do not look good
babanana
Member
**
Offline Offline

Activity: 120
Merit: 10


View Profile
January 31, 2018, 02:39:40 AM

All praises when its up. All issues when its down. circus!
Torque
Legendary
*
Offline Offline

Activity: 1792
Merit: 1486



View Profile
January 31, 2018, 02:41:39 AM

we keep telling ourselves these stories

these charts do not look good

So if you are so nervous, what is your "I'm out" price?
jojo69
Legendary
*
Offline Offline

Activity: 1386
Merit: 1744


no FOMO


View Profile
January 31, 2018, 02:48:23 AM

we keep telling ourselves these stories

these charts do not look good

So if you are so nervous, what is your "I'm out" price?

and sell at the bottom?  please

rather wishing, however, that my "I'm out" price had been at the daily MA cross..which even with the losses incurred in 2 false signals would have been well in excess of 13K
Torque
Legendary
*
Offline Offline

Activity: 1792
Merit: 1486



View Profile
January 31, 2018, 02:57:52 AM
Merited by JayJuanGee (1)

we keep telling ourselves these stories

these charts do not look good

So if you are so nervous, what is your "I'm out" price?

and sell at the bottom?  please

rather wishing, however, that my "I'm out" price had been at the daily MA cross..which even with the losses incurred in 2 false signals would have been well in excess of 13K

Meh, I wasn't motivated to sell at $19k, $17k, $13k, and not now at $10k. And I'm fully aware that the market could bottom at ~$5-6k. In fact I'd just be looking to add to the stack if we hit that.

Here's the thing: ETFs, ETFs, ETFs. They are coming! Wallstreet knows this. What do you think will happen to the price when Bitcoin ETFs come online? Do you really want to be out of bitcoin when that happens? Do you honestly think that you'll get advanced notice?

Ibian
Legendary
*
Offline Offline

Activity: 1918
Merit: 1175



View Profile
January 31, 2018, 03:01:58 AM

So there is a red pill coin coming out. In less than 24 hours.

Are YOU red pilled enough to get some red pills? Are yah, cuck?
Arriemoller
Hero Member
*****
Offline Offline

Activity: 854
Merit: 615



View Profile
January 31, 2018, 03:06:59 AM

So there is a red pill coin coming out. In less than 24 hours.

Are YOU red pilled enough to get some red pills? Are yah, cuck?
Had "en lille en" have we?
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
January 31, 2018, 03:19:14 AM

Dont you find it odd all these hacks, regulations, bans and scam exposure come out at once

a lot on this forum knew about it for months/years

so why the news happening all at onc...




Fear, we want your cheap coins (Remember Davos)

yum yum yum
UnDerDoG81
Legendary
*
Online Online

Activity: 1436
Merit: 1006


View Profile
January 31, 2018, 03:25:55 AM

Dang. Now I bet we get some FUDs and Bitcoin will be at 3k ish soon. I cross my fingers that 9k holds  Sad
Ibian
Legendary
*
Offline Offline

Activity: 1918
Merit: 1175



View Profile
January 31, 2018, 03:34:20 AM

Dang. Now I bet we get some FUDs and Bitcoin will be at 3k ish soon. I cross my fingers that 9k holds  Sad
Dude you have no idea how much I want that. I would still be sitting on big profits by any normal standard, and have fiat available from the clonecoins to buy up.
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
January 31, 2018, 04:37:41 AM

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person who doesnt believe in a failing or fraudlent banking system that they should use bitcoin, without talking about its price or making profit by trading it. Present what benefits they will reap by using bitcoin as opposed to banks, VISA, google pay, venmo, etc. Anything besides capital gain?
Paashaas
Legendary
*
Offline Offline

Activity: 1871
Merit: 1325



View Profile
January 31, 2018, 04:38:44 AM

Dang. Now I bet we get some FUDs

Bloomberg has updated their article to include that the subpoena was sent December 6th, this old news = FUD made panic sellers  Undecided



Enjel
Member
**
Offline Offline

Activity: 70
Merit: 21


View Profile
January 31, 2018, 04:41:56 AM
Merited by conspirosphere.tk (1)

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person that they should use bitcoin without talking about its price or making profit by trading it.

The people you've described tend to be very very stupid, or at least simple-minded. Sheep in general. They believe that government and establishment will help them out, if they only vote for the right politicians.

They think that the best way to make money is to put it in a bank and lose 3% purchasing power each year, despite interest, or to invest in some conservative mutual funds which won't make them any real profit until they die - at least they can pass it to their children... after a hefty tax.

Or maybe they just love being slaves.

EDIT with regards to your quote - if these people are fiat-loving, then you'd have to change that first. For them, Bitcoin offers no benefits because they love the government and idolize the leaders of their political philosophy in government.
Of course, these same leaders will dump them in an economic crash and tax them into oblivion.
Genesis1337
Full Member
***
Offline Offline

Activity: 155
Merit: 100


View Profile WWW
January 31, 2018, 04:42:18 AM

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person who doesnt believe in a failing or fraudlent banking system that they should use bitcoin, without talking about its price or making profit by trading it. Present what benefits they will reap by using bitcoin as opposed to banks, VISA, google pay, venmo, etc. Anything besides trading profits?

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."  Tongue
JayJuanGee
Legendary
*
Offline Offline

Activity: 1890
Merit: 1745


How much alt coin diversification is needed? 0%?


View Profile
January 31, 2018, 04:46:57 AM
Merited by conspirosphere.tk (1)

Pop quiz: Convince an average low/middle class fiat-loving law-abiding person who doesnt believe in a failing or fraudlent banking system that they should use bitcoin, without talking about its price or making profit by trading it. Present what benefits they will reap by using bitcoin as opposed to banks, VISA, google pay, venmo, etc. Anything besides capital gain?


You are presenting false parameters in your shilling argument, tera beara... bitcoin is not merely meant to serve as a payment system, even though it may well accomplish such common use in that direction in the future, perhaps, but not necessarily in order to still have value and utility.

Yeah, if you create your own strawman, then you can more easily make some dumb -ass pie in the sky argument, that is not connected with reality.
Pages: « 1 ... 19302 19303 19304 19305 19306 19307 19308 19309 19310 19311 19312 19313 19314 19315 19316 19317 19318 19319 19320 19321 19322 19323 19324 19325 19326 19327 19328 19329 19330 19331 19332 19333 19334 19335 19336 19337 19338 19339 19340 19341 19342 19343 19344 19345 19346 19347 19348 19349 19350 19351 [19352] 19353 19354 19355 19356 19357 19358 19359 19360 19361 19362 19363 19364 19365 19366 19367 19368 19369 19370 19371 19372 19373 19374 19375 19376 19377 19378 19379 19380 19381 19382 19383 19384 19385 19386 19387 19388 19389 19390 19391 19392 19393 19394 19395 19396 19397 19398 19399 19400 19401 19402 ... 23882 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!