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

[JayJuanGee]

Sellwal:

300 BTC shot @ 9197 on Stamp....vapourised.

I participated in that... After half went in a single bite.  I’m temporarily back in bull mode. For better or worse.

Have you bought higher than you sold??

Nope.  I’m defending my profits.  Do you think it’s a bull trap?

I thought you had sold and rebought higher, sorry (Now I think that is Rosewater, at least the sold part).

No, I don't think it is a bull trap... but what do I know.

I thought that Rosewater sold in the $13k territory, so should be sitting pretty right about now, if he does not wait to o long to buy back, at least part of it.

[1713293794]

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[JayJuanGee]

Sellwal:

300 BTC shot @ 9197 on Stamp....vapourised.

I participated in that... After half went in a single bite.  I’m temporarily back in bull mode. For better or worse.

Have you bought higher than you sold??

Nope.  I’m defending my profits.  Do you think it’s a bull trap?

I thought you had sold and rebought higher, sorry (Now I think that is Rosewater, at least the sold part).

No, I don't think it is a bull trap... but what do I know.

On CMC, it shows the volume decreasing though. That's a bit worrying to me. Could be a bull trap, in that case.

Overall, even though bitcoin remains a 24/7 market, I think that weekends tend to have a bit less trade volume anyhow.  Also, changes in trade volume sometimes have to looked at over an extended period of time, because we should expect trade volume to go down a bit, merely because the trade volume right around the dip down to $7625 was considerably high - for at least 6 hours... which could take a bit of time (several days - even a week) to recover from such trade volume intensity.

[AZwarel]

Speaking of Bernie Sanders, Occupy, etc. - Bitcoin is in a direct conflict with the socialist/communist millennial movement, who probably just wants to do away with money altogether and make everything universal payer. Bitcoin is capitalist. These people who dont even have any money dont see any benefit in something like bitcoin - to them bitcoin is just shifting the power from one master to another master - from bankers to techy people (the new bankers) - and neither one of them deserve to have more money/resources than anyone else. Its just more jewish witchcraft. As soon as they see that all these early investors and adopters are millionaires and billionares, the jig is up.C. They want a new system and to live life freely without wealth and status and money. We are just a trojan horse and they wont be fooled for long.

Priceless!
Wealth will always go the top >5%, because IQ is distributed in a Pareto distribution. Just watch videos on lottery winners, 95% became broke in a couple years do to their stupidity. There is no societal structure that will uphold "equality" - 100 years of failed communist experiments are a great lesson for this - on a 100+ million dead bodies i might add- , since people are not equal by biological reasons.

Yeah, this might sounds non PC, but reality proves this, time after time. Hence the resistance of losers, aka socialists against every wealth producing devices, which are based on: information gained before the masses, affinity for risk taking, willingness to learn new skills.

[JayJuanGee]

Probably won't see any significant revenues until Monday. Hopefully the price of Bitcoin will still be under $10kUSD.

That's our boy!

Yeah.. Bitcoin has gotta wait for Jimbo.  That means that we gonna stay under $10k until Jimbo has an opportunity to 1) get back to civilization, 2) balance his books by taking into account of his vacation splurges (hookers and blow, etc), 3) allocates fiat for his BTC purchase, 4) drinks a few beers, eats a few steaks, and then has some mocha to wake his old (seeming like 105 years) ass up in order that he can 5) get himself to the nearest BATM with the best fees that happens to be in the path to the Jays game.

 

[Gyrsur]

Probably won't see any significant revenues until Monday. Hopefully the price of Bitcoin will still be under $10kUSD.

That's our boy!

Yeah.. Bitcoin has gotta wait for Jimbo.  That means that we gonna stay under $10k until Jimbo has an opportunity to 1) get back to civilization, 2) balance his books by taking into account of his vacation splurges (hookers and blow, etc), 3) allocates fiat for his BTC purchase, 4) drinks a few beers, eats a few steaks, and then has some mocha to wake his old (seeming like 105 years) ass up in order that he can 5) get himself to the nearest BATM with the best fees that happens to be in the path to the Jays game.

 

true words! 

[AZwarel]

This is a good sign.

https://cointelegraph.com/news/canada-regulators-approve-countrys-first-blockchain-etf

  canda is now nothing to compare to new "east europe"  canada and collapse capitalism is on show-like when you go to doctor in canada.. LOL
you will die !! in canada. only special small % of population have free health "insurance"(4% of population) ..but nothing to compare to on east on germans boarders.. germans are cucked too..))
why canda allow drugs.? becouse when you later ask candian state about help.. they will say you: you was on drugs or others..and you have not right on full health insurance..(you do bad things to your health and but canada gov allow it..paradox).. sooo they cuck with you and you can not ask for health insurance.. even you was not in jail , or never crime...
soo if you smoke in canada.. later they will kill you ..peacefully like "democrats"
why you hell think people like jumbo put all on bitcoin?! becouse its soo bad life in canada and people gamble,,,they dont care..death in canada or better life in '"no democratis countries" like mexico ...

 This entire post is a load of shit. 
Canadians have universal health Care.

Universal Sickness Care - and it ain't exactly FREE.  Big Pharma do not want you healthy.  Dental is not covered, along with a lot else.  And good luck getting to see a doctor or specialist without a massive wait.  That's why people here go elsewhere if they can afford it.  Be your own Bank.  Be your own Doctor.  NOBODY else has your best interests at heart.

Sadly, i can attest to this. Stayed in a "free" hospital last year for a week (after i have checked out on "on your own risk"), before they would have actually killed me with misaligned medicine - a dose of glycocortisole 2.5x more than the max my body weight should have allowed - 0.7mg/kg-1.0mg/kg is the "normal" dose - , which i have learned through my smartphone while literally spinning in my bad and bleeding through my sheets due to the waaaay overdosed drugs...and when asked the nurse about "is this infusion really necessary, i have already got one in the morning, she had to check the sheets and said, oh well, no,  you are right.."
Socialized medicine=DEATH; no incentive to do good=no fucks given. 5 of us was in the room, and we were actually browsing med sites; we had to protest against meds cause those were obviously detrimental due to sites like Myo clinics and other sources. One dude had to show pictures from google about his skin leasons to the doctor to prove he does not have "aids", and after 3 days of steroids he was healed...

Free healthcare is a joke. Just as anything "free". Competent people work for profit, obviously.

[Searing]

I'm guessing that most bitcoiners don't agree with Bernie Sanders on much.

Communism is difficult when you can't take peoples' money.

That is why we have a current Oligarchy ..in the USA...you give to the rich. See latest tax plan.....then the serfs have to work harder/longer, and you

make outlandish promises about 'trickle down' to the workers....then it is rinse/wash/repeat

communism never had a chance against this form of crony capitalism

[JayJuanGee]

I dont like merits because all these old users got 1000 merit even if they made shitty posts and they probably never would have gotten that much merit during that time even if they were making good posts. All my merit is locked away with my old account and I look so bad.

Why can't you get your old account back?

[Rosewater Foundation]

I thought that Rosewater sold in the $13k territory, so should be sitting pretty right about now, if he does not wait too long to buy back, at least part of it.

It was only 5%, and I actually did end up getting back in with it.

*shrugs*

Thanks for caring Jay.

[JayJuanGee]

[img width=554]https://i.imgur.com/Nb6Ihimg]

this arsehole is happy when people lose money? and he thinks bitcoiners are nasty and crazy?

he clearly hasn't met eth-heads, btrash-butthurts or ripple-fanboys yet. or the worst of all: iota disciples...

I think he will not be laughing for long. Let save this tweet for the (next leg) of the bubble .

We are in critical point in time. The last real sell-off/crash was on 2013/2014. This would be the first time after Bitcoin being widely known that it could prove that it can recover after a crash like this.

If it does everyone will get the message and all the fear will be vanished for a pretty long time.

huh? 

You seem to believe there is one more test necessary for bitcoin?

I doubt it. 

Bitcoin has already proven itself resilient to various bullshit, including the rise from $250 to $19,666 - and including various parts in between. 

That rise from $250 to $19,666 took more than 2 years, and there were decent challenges in the midst of such rise - including quite a few pretty heavy challenges in 2017 - and bitcoin continues to NOT have any real or meaningful competition in terms of its original proposition regarding be your own bank that is backed by security through proof of work.  What other coin has that, including the extent of bitcoin's various ongoing network effects and strong fundamentals with lightning network and various other upcoming implementations of creative and innovative decentralization.

[explorer]

That's not how it works Bob.  You're spreading misinformation.

Thanks for that table, actually. Quite informative and does clear up many misconceptions I had.

The   **targeted time

Puts it alllll in a nutshell.  Zero correlation to reality, but such a fine goal!

[TERA2]

I dont think being happy about a drop means being happy about people losing money. Its more about making money/coins yourself, trading in high volume, personal emotions over missing the train, getting your coins back, being right about your predictions, and seeing bitcoin become stable and fungible again. After all, you did give these noobs fair warning that the drop was coming, and they went against your advice or insulted you even. I mainly like the fact that a drop is generally a high volume trading day where I can make lots of profit quickly. Its also a point where I can rebuy and get off of exchanges and take a break. I have to admit I also like when people who buy into mass hysteria have to realize that the crowds were wrong and they shouldnt be so social into a hive mind that they do stupid things in life. I wish they didnt have to lose money and be personally affected by it - I just like them having to admit they were wrong. Also they dont really lose until they sell.. If they lost it means they both made a shitty buy and a shitty sell showing they knowthing about bitcoin and dont believe in it.

[JayJuanGee]

I thought that Rosewater sold in the $13k territory, so should be sitting pretty right about now, if he does not wait too long to buy back, at least part of it.

It was only 5%, and I actually did end up getting back in with it.

*shrugs*

Thanks for caring Jay.

Surely, peeps can be harsh on the internet, including yours truly.

I think that many of us may devolve into a state of stress at various points, and sometimes we might be forced into a position out of either emotion or lack of preparation, and I have these kinds of discussions with peeps in the real world too.  I share some of my views, but people can become passionate, including myself - and we might express our emotions at various times and in differing contexts.

Surely, there can be some relief it you sell some BTC and you are able to buy back lower - while at the same time, none of us can be sure that the last leg of the downturn is over.

So, yes, those of us who have been HODLing and buying all the way down from $19k or $18k to present, may start to get more stressed now, because perhaps, some of us may be running out of money.  I, personally, feel a lot better this time around, as compared to our mid-September 2017 correction of 40% down from $4,980 to $2970.  This exorbitant price increase, especially from $10k to $19,666 triggered me into restructuring my downside, in order that I could be better prepared for well over 50% price correction, and in fact I purposefully decided to allocate funds for a 90% correction, just in case.

So, yeah, instead of bragging regarding my own preparations, I completely understand that there are going to be a lot of folks who started the bitcoin journey at a different point from me, and therefore they have not been able to either prepare their own positions or even to have enough time to figure out what is going to work for them, including perhaps becoming a bit shell shocked by the unexpected becoming a reality - that was certainly true with how fast we went from $10k to $19,666.

I also understand that even if many of us went through this extremely crazy situation, there are still a lot of peeps struggling to figure out a system that is suitable for them and to learn from the considerable BTC price movements of the past few months - both the UP and the DOWN.. and even our current uncertain place... that is going to more likely continue with volatility rather than stability...

Regroup, regroup and learn and create a plan and tweak a plan, and we know that sometimes the presentation over the internet in a quasi-anonymous thread like this is not necessarily going to be friendly or sensitive to individual stress points... including yours truly.   

[JayJuanGee]

I dont think being happy about a drop means being happy about people losing money. Its more about making money/coins yourself, trading in high volume, personal emotions over missing the train, getting your coins back, being right about your predictions, and seeing bitcoin become stable and fungible again. After all, you did give these noobs fair warning that the drop was coming, and they went against your advice or insulted you even. I mainly like the fact that a drop is generally a high volume trading day where I can make lots of profit quickly. Its also a point where I can rebuy and get off of exchanges and take a break. I have to admit I also like when people who buy into mass hysteria have to realize that the crowds were wrong and they shouldnt be so social into a hive mind that they do stupid things in life. I wish they didnt have to lose money and be personally affected by it - I just like them having to admit they were wrong. Also they dont really lose until they sell.. If they lost it means they both made a shitty buy and a shitty sell showing they knowthing about bitcoin and dont believe in it.

I don't understand why it should make secure adult to feel good about "being right" about the price direction of bitcoin or its dynamics?  Or I don't know why there should be any goals to get quasi-anonymous folks on the interwebs to follow your advices? 

Yeah, there is nothing wrong with sharing information, technical analysis and even having an approach that differs from others, but surely, it would come off as a lot more genuine and less patronizing if there is a sense of a brainstorming session rather than attempt to preach ongoing doom and gloom that frequently comes off as a kind of book talking - even while you deny such book talking and propound contradicting talking points.

Do you at least agree that there are going to be a variety of strategies, and many strategies involve little to no trading, even if they have pretty decent clues (and maybe agree with you that the BTC price is likely to crash. but they still do not plan to alter their HODL - and perhaps accumulate if they are more sophisticated, strategy).

[TERA2]

I dont think being happy about a drop means being happy about people losing money. Its more about making money/coins yourself, trading in high volume, personal emotions over missing the train, getting your coins back, being right about your predictions, and seeing bitcoin become stable and fungible again. After all, you did give these noobs fair warning that the drop was coming, and they went against your advice or insulted you even. I mainly like the fact that a drop is generally a high volume trading day where I can make lots of profit quickly. Its also a point where I can rebuy and get off of exchanges and take a break. I have to admit I also like when people who buy into mass hysteria have to realize that the crowds were wrong and they shouldnt be so social into a hive mind that they do stupid things in life. I wish they didnt have to lose money and be personally affected by it - I just like them having to admit they were wrong. Also they dont really lose until they sell.. If they lost it means they both made a shitty buy and a shitty sell showing they knowthing about bitcoin and dont believe in it.

I don't understand why it should make secure adult to feel good about "being right" about the price direction of bitcoin or its dynamics?  Or I don't know why there should be any goals to get quasi-anonymous folks on the interwebs to follow your advices?  

Yeah, there is nothing wrong with sharing information, technical analysis and even having an approach that differs from others, but surely, it would come off as a lot more genuine and less patronizing if there is a sense of a brainstorming session rather than attempt to preach ongoing doom and gloom that frequently comes off as a kind of book talking - even while you deny such book talking and propound contradicting talking points.

Do you at least agree that there are going to be a variety of strategies, and many strategies involve little to no trading, even if they have pretty decent clues (and maybe agree with you that the BTC price is likely to crash. but they still do not plan to alter their HODL - and perhaps accumulate if they are more sophisticated, strategy).

I do not preach doom and gloom. I called a correction to 8K and maybe 5.5K followed by a recovery. These are not dooms and glooms. These are insanely high numbers based on the price 2 years ago. These are 700% and 500% above ATH, respectively. If btc is at 5.5K or 8K then it is doing fantastic. And then on top of that I say it should bounce and go even higher.

A long term hodler shouldnt care about the monthly price fluctuations. For them they value their wealth in coins and the end game is using btc as the world currency or whatever at the price of $1M+. So this trading shouldnt affect them. They only lose if they sell.

I'm going to get a pair of guns and name them Doom and Gloom.

[HairyMaclairy]

This is a good sign.

https://cointelegraph.com/news/canada-regulators-approve-countrys-first-blockchain-etf

  canda is now nothing to compare to new "east europe"  canada and collapse capitalism is on show-like when you go to doctor in canada.. LOL
you will die !! in canada. only special small % of population have free health "insurance"(4% of population) ..but nothing to compare to on east on germans boarders.. germans are cucked too..))
why canda allow drugs.? becouse when you later ask candian state about help.. they will say you: you was on drugs or others..and you have not right on full health insurance..(you do bad things to your health and but canada gov allow it..paradox).. sooo they cuck with you and you can not ask for health insurance.. even you was not in jail , or never crime...
soo if you smoke in canada.. later they will kill you ..peacefully like "democrats"
why you hell think people like jumbo put all on bitcoin?! becouse its soo bad life in canada and people gamble,,,they dont care..death in canada or better life in '"no democratis countries" like mexico ...

 This entire post is a load of shit.  
Canadians have universal health Care.

Universal Sickness Care - and it ain't exactly FREE.  Big Pharma do not want you healthy.  Dental is not covered, along with a lot else.  And good luck getting to see a doctor or specialist without a massive wait.  That's why people here go elsewhere if they can afford it.  Be your own Bank.  Be your own Doctor.  NOBODY else has your best interests at heart.

Sadly, i can attest to this. Stayed in a "free" hospital last year for a week (after i have checked out on "on your own risk"), before they would have actually killed me with misaligned medicine - a dose of glycocortisole 2.5x more than the max my body weight should have allowed - 0.7mg/kg-1.0mg/kg is the "normal" dose - , which i have learned through my smartphone while literally spinning in my bad and bleeding through my sheets due to the waaaay overdosed drugs...and when asked the nurse about "is this infusion really necessary, i have already got one in the morning, she had to check the sheets and said, oh well, no,  you are right.."
Socialized medicine=DEATH; no incentive to do good=no fucks given. 5 of us was in the room, and we were actually browsing med sites; we had to protest against meds cause those were obviously detrimental due to sites like Myo clinics and other sources. One dude had to show pictures from google about his skin leasons to the doctor to prove he does not have "aids", and after 3 days of steroids he was healed...

Free healthcare is a joke. Just as anything "free". Competent people work for profit, obviously.

I am sorry this has been your experience.  My country has a twin system:  free socialized healthcare for anyone who wants it plus private health care for anyone that wants to pay for it. Many top doctors work part time in both systems, they work private for the money a few days a week and then work public a few days a week so that they get the most challenging cases and can also teach med students.

If you are critically ill, you will be moved out of the private hospital and into a public tertiary hospital, by government owned medivac helicopter if necessary. These public tertiary hospitals are where all the serious research and subspecialty training happens and people with super rare and complex issues are treated.  Private healthcare is more about getting a fancy private suite in your hospital with cut flowers if you are seriously but not critically ill.  

We spend far less than the United States on health care on a per capita basis, but we destroy the US in terms of positive patient outcomes.  This is because the US system is horribly inefficient as has been well documented.  Our government is far more efficient at delivering serious health care than the private sector.  We pay a lot of tax but strangely it seems no more than high income Americans. Maybe we pay less after taking into account your State and municipal taxes.

When I hear Americans complain about free health care, I think it has nothing to do with patient outcomes and is really because they want to cut their taxes.  Maybe if you spent a little less on defence spending instead, then you could pay less taxes.  Do you guys really need a $4 billion Zumwalt class warship with artillery shells that cost $1 million per round?  I think not.  This is where your tax dollar is being pisssed away.

[jojo69]

Enough with all this pansy logic talk.  Stop it before we call in a freedom strike.

[HairyMaclairy]

Back to Bitcoin.  It seems we have missed the usual Saturday night dump or that buying below $9k was too aggressive for it take hold.  

Mem pool size has stopped falling and has stayed roughly the same for the past 24 hours.

Both bullish signals.

[JayJuanGee]

I dont think being happy about a drop means being happy about people losing money. Its more about making money/coins yourself, trading in high volume, personal emotions over missing the train, getting your coins back, being right about your predictions, and seeing bitcoin become stable and fungible again. After all, you did give these noobs fair warning that the drop was coming, and they went against your advice or insulted you even. I mainly like the fact that a drop is generally a high volume trading day where I can make lots of profit quickly. Its also a point where I can rebuy and get off of exchanges and take a break. I have to admit I also like when people who buy into mass hysteria have to realize that the crowds were wrong and they shouldnt be so social into a hive mind that they do stupid things in life. I wish they didnt have to lose money and be personally affected by it - I just like them having to admit they were wrong. Also they dont really lose until they sell.. If they lost it means they both made a shitty buy and a shitty sell showing they knowthing about bitcoin and dont believe in it.

I don't understand why it should make secure adult to feel good about "being right" about the price direction of bitcoin or its dynamics?  Or I don't know why there should be any goals to get quasi-anonymous folks on the interwebs to follow your advices?  

Yeah, there is nothing wrong with sharing information, technical analysis and even having an approach that differs from others, but surely, it would come off as a lot more genuine and less patronizing if there is a sense of a brainstorming session rather than attempt to preach ongoing doom and gloom that frequently comes off as a kind of book talking - even while you deny such book talking and propound contradicting talking points.

Do you at least agree that there are going to be a variety of strategies, and many strategies involve little to no trading, even if they have pretty decent clues (and maybe agree with you that the BTC price is likely to crash. but they still do not plan to alter their HODL - and perhaps accumulate if they are more sophisticated, strategy).

I do not preach doom and gloom. I called a correction to 8K and maybe 5.5K followed by a recovery. These are not dooms and glooms. These are insanely high numbers based on the price 2 years ago. These are 700% and 500% above ATH, respectively. If btc is at 5.5K or 8K then it is doing fantastic. And then on top of that I say it should bounce and go even higher.

A long term hodler shouldnt care about the monthly price fluctuations. For them they value their wealth in coins and the end game is using btc as the world currency or whatever at the price of $1M+. So this trading shouldnt affect them. They only lose if they sell.

I'm going to get a pair of guns and name them Doom and Gloom.

I will concede that I am being a bit repetitive with my harping on you, but I am not going to give up.  Furthermore, you totally skipped over my starting point which is criticizing you for you seeming desire to "be right."

Regarding your anticipated guns purchases and namings, I think that is a decent idea.  So instead of preaching doom and gloom, you can shoot doom and gloom - hopefully carry out such shooting at shooting range or at ground hogs or some legitimate nuisance target, not at peeps, even if peeps don't agree with some of your supposed "good intentions" and seemingly exaggerated benevolences.   

[HairyMaclairy]

I think Tera would be one of the safer ones with firearms in this thread.