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

[toknormal]

http://forklog.net/so-have-we-got-tethered/

[hexxodev_temp]

so new hit coming?
5000?

[Ludwig Von]

I wonder about that chart I had to look at, when I asked what was  different... .

Now almost @ 8000 USD, so we are entering in uncharted territory... .

[fragout]

http://forklog.net/so-have-we-got-tethered/

Interesting, although tether has to have had some influence on the price. The question remains if was play money or backed

[El duderino_]

I wonder about that chart I had to look at, when I asked what was  different... .

Now almost @ 8000 USD, so we are entering in uncharted territory... .

I can miss further dipping .... short while steady @ 9-10k No big problem but don’t like us to go under 7.5  anymore ....

[d_eddie]

http://forklog.net/so-have-we-got-tethered/

Hm, funny. Several intelligent observers here thought differently. They did see a correlation. People I respect. Of course everyone can be wrong, including each one of us. Are the details of the analysis available?

[fragout]

so new hit coming?
5000?

Need a bounce off 81~~ or down to 7600 again which wont hold and then 5900 is probably the next test.

which would suck

[hexxodev_temp]

so new hit coming?
5000?

Need a bounce off 81~~ or down to 7600 again which wont hold and then 5900 is probably the next test.

will place my order @ 5999

[Ludwig Von]

I wonder about that chart I had to look at, when I asked what was  different... .

Now almost @ 8000 USD, so we are entering in uncharted territory... .

I can miss further dipping .... short while steady @ 9-10k No big problem but don’t like us to go under 7.5  anymore ....

Just sit and wait  for the same guys that kicked it up on Friday... . They also read charts apparently... .

[Searing]

http://forklog.net/so-have-we-got-tet

.....
Yeah, but this is bitcoin land. (i.e. Forget it Jake, it's China Town!)  https://www.youtube.com/watch?v=9cWnubJ9CEw

So, the PERCEPTION that Tether was playing games, wether it pumped the market or not, reafirms the underlying fear (FUD) that

bitcoin is a large ponzi or at least a large bubble, in the non-crypto universe...thus just another example to hang FUD on by the powers

that be ..that crypto is  a 'tulip illusion'. In other words, it is more about feelings/FUD than any facts after the point. Any panic, usually after

the fact is usually overblown and preventable.....so, finding out tether did not pump bitcoin at this point don't matter, the damage is done.

The more these things happen, (Gox,Paycoin,BFL,Tether,etc) the more stuff to hang all the FUD on. Rinse,Wash,Repeat.

I figure it will take 2 years to get back to $18k prices with BTC. As FUD goes, IF as the article above states, this blaming Tether, it was very effective!

[d_eddie]

I figure it will take 2 years to get back to $18k prices with BTC.

I hope (and somewhat rationally think) it will take less.

[Searing]

I figure it will take 2 years to get back to $18k prices with BTC.

I hope (and somewhat rationally think) it will take less.

I hope you are correct. I am basing my view on 2013 onward.....there was more than a bit of time where BTC and Crypto just

loved, sideways in price. Thus consolidation, for the next parabolic pump. Or so I really, really hope! (It is how cypto rolls, IMHO).

I do hope I'm dead wrong!

[El duderino_]

http://forklog.net/so-have-we-got-tet

.....
Yeah, but this is bitcoin land. (i.e. Forget it Jake, it's China Town!)  https://www.youtube.com/watch?v=9cWnubJ9CEw

So, the PERCEPTION that Tether was playing games, wether it pumped the market or not, reafirms the underlying fear (FUD) that

bitcoin is a large ponzi or at least a large bubble, in the non-crypto universe...thus just another example to hang FUD on by the powers

that be ..that crypto is  a 'tulip illusion'. In other words, it is more about feelings/FUD than any facts after the point. Any panic, usually after

the fact is usually overblown and preventable.....so, finding out tether did not pump bitcoin at this point don't matter, the damage is done.

The more these things happen, (Gox,Paycoin,BFL,Tether,etc) the more stuff to hang all the FUD on. Rinse,Wash,Repeat.

I figure it will take 2 years to get back to $18k prices with BTC. As FUD goes, IF as the article above states, this blaming Tether, it was very effective!

2 years....?? Than you kind of predict who i Will be paying .25btc on the other hand don’t wanna put my list So much on the threat anymore So maybe let us keep it @ two months for new heights or maybe sooner but offcourse only time Will tell

[Searing]

http://forklog.net/so-have-we-got-tet

.....
Yeah, but this is bitcoin land. (i.e. Forget it Jake, it's China Town!)  https://www.youtube.com/watch?v=9cWnubJ9CEw

So, the PERCEPTION that Tether was playing games, wether it pumped the market or not, reafirms the underlying fear (FUD) that

bitcoin is a large ponzi or at least a large bubble, in the non-crypto universe...thus just another example to hang FUD on by the powers

that be ..that crypto is  a 'tulip illusion'. In other words, it is more about feelings/FUD than any facts after the point. Any panic, usually after

the fact is usually overblown and preventable.....so, finding out tether did not pump bitcoin at this point don't matter, the damage is done.

The more these things happen, (Gox,Paycoin,BFL,Tether,etc) the more stuff to hang all the FUD on. Rinse,Wash,Repeat.

I figure it will take 2 years to get back to $18k prices with BTC. As FUD goes, IF as the article above states, this blaming Tether, it was very effective!

2 years....?? Than you kind of predict who i Will be paying .25btc on the other hand don’t wanna put my list So much on the threat anymore So maybe let us keep it @ two months for new heights or maybe sooner but offcourse only time Will tell

Again hope you are correct. Going by being in this and the previous times Bitcoin and Crypto, just loved that old sideways price .....THEN goes parabolic.

Seems kinda to come/go in waves. But again, I will happily eat crow 2 weeks from now and hope you are correct! (sorry scar tissue since 2013)

[AlexGR]

http://forklog.net/so-have-we-got-tethered/

No shit... BTC at its ATH hit >330bn marketcap. You can't do that with 2bn tethers (<0.7%).

[Last of the V8s]

Double bottom usually means the end of Bitcoin right?

Is there an address I can send my bitcoins due to it coming to an end?

1600 Pennsylvania Ave NW, Washington, DC 20500, USA

They will also be needing your precious metals, womenfolk and firstborn.

[d_eddie]

http://forklog.net/so-have-we-got-tethered/

No shit... BTC at its ATH hit >330bn marketcap. You can't do that with 2bn tethers (<0.7%).

But market cap is not a terribly useful metric, when it's just obtained by multiplying the current price by the actual float - which is usually smaller by several orders of magnitude. In this sense, you can sway a 100bn "marketcap" by moving maybe just 0.5% of it, if the coins that are actually being traded are not too many.

I might be wrong in my understanding of this market cap issue, of course. An elaboration or explanation will be welcome.

[Arriemoller]

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

And JJG would be one of the worst.

[ivomm]

What was happening in the last months is partly bacause of the bad news and partly a normal correction after the buying frenzy in December. Like any other asset (not only crypto, but in general) if you have 5 fold increase in 3 months you can expect 40-80% retrace because of the FUD coming after the FOMO.

Let's look at the eth chart for the last year and we will get a pretty clear picture what is happening and what will happen in near future, unless some pretty nasty news come out. In Jan 2017, eth was about 10-15$, in June it reached 450$, in July back to 150$. Now, everyone thought that this was a too high price that can't hold and so everyone sold. Of course the pundits claimed that the failed ico's are the reason. Anyway, gradually eth climbed back to 300, 400 and 6 months after the previous ATH it reached 1300$. Clearly, 900-1200$ is a sustainable price, although in July it looked like even 200$ is too much!

My point is that now everyone thinks 20k$ is not sustainable for BTC, but the truth is that IT IS! BTC WILL rise and reach new ATH's sooner than most expect. My pessimistic prediction is 30K at the end of 2018 and the optimistic is 50K! But, but, but... what if the bad news continue? Ok, what about  2019, 2020 (the next halvening)? Do you really, I mean REALLY believe that BTC will not return to at least 15K and prefer to sell at 8K?

[vroom]

Double bottom usually means the end of Bitcoin right?

Is there an address I can send my bitcoins due to it coming to an end?

1600 Pennsylvania Ave NW, Washington, DC 20500, USA

They will also be needing your precious metals, womenfolk and firstborn.

great, now we also have the secret service monitoring this thread for threats. he said firstborn not first bomb