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Poll
Question: How low will we go before we see $10K again?
<$8,000 - 27 (38%)
$8,000-8,200 - 8 (11.3%)
$8,200-$8,400 - 3 (4.2%)
$8,400-$8,600 - 19 (26.8%)
$8,600-$8,800 - 7 (9.9%)
$8,800-$9,000 - 7 (9.9%)
Total Voters: 71

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21539259 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. (142 posts by 32 users deleted.)
mike4001
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February 06, 2018, 06:47:38 PM

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k Cheesy)
Satoshi is no god. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.
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kurious
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February 06, 2018, 06:49:44 PM


Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  Undecided

Wasn't it breached late last night?  200 MA appeared to be around $6,050 and we dropped to around $5,600

Not for a terribly long time, but it was breached


what are your numbers based on? Polo shows 6012 low on 24hr chart.

Sorry, my bad -- I thought it dropped to $5,600 last night on GDAX (the exchange I use primarily) but it looks like it only got as low as $5,913 --------- still a decent amount under $6,050

If Polo got as far as $6,012 I think this all tells the same story -- $6,000 or thereabouts should be considered the resistance point, and hopefully we don't test it again.......


Polo doesn't trade USD /BTC, better reference an exchange that does, maybe? Polo is usually a little higher than (say) Bitstamp - which I personally prefer, and Finex arbs with Stamp, too, usually linking prices between them (roughly)
600watt
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February 06, 2018, 06:50:44 PM

I will merit someone for anyone for .01 BTC per Merit.

Get in while the price is low. ICO. Cheap Merits.


this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?

i have seen one that sells you tokens and in a few years you are allowed to purchase artificial ivory for your token. imagine what you could do with artificial ivory in 2022! too bad I missed that ICO.  Cry
Torque
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February 06, 2018, 06:53:22 PM

As crazy bad as this selloff/correction appears, we are still up 7X from Jan 2017.

Which still crushes a lot of equities' performance in 2017 by a country mile.

this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?

https://deeznuts.in/
jojo69
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no FOMO


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February 06, 2018, 06:55:34 PM

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k Cheesy)

god Mike

just listen to yourself for a minute...that is sheep talk man
mike4001
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February 06, 2018, 06:56:51 PM

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k Cheesy)

god Mike

just listen to yourself for a minute...that is sheep talk man

lol

So much for my peace of mind.
cAPSLOCK
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UNLEASH THE FURY!


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February 06, 2018, 06:57:09 PM

Anyone hear from Rosewood Rosewater ? I'm concerned the dude is passed out in a ditch somewhere, completely obliterated on scotch.
He'd say something about not being able to afford scotch anymore and only having enough for Ripple...

...oh, wait.
xhomerx10
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Aceeasi Marie cu alta palarie


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February 06, 2018, 07:00:26 PM

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k Cheesy)

god Mike

just listen to yourself for a minute...that is sheep talk man

lol

So much for my peace of mind.

 Yes and piece of mind as well.
I don't get the "bite myself" part... MacAfee?
600watt
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February 06, 2018, 07:00:50 PM

As crazy bad as this selloff/correction appears, we are still up 7X from Jan 2017.

Which still crushes a lot of equities' performance in 2017 by a country mile.

this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?

https://deeznuts.in/

that must be a joke...  Grin
well, aren't they all...
Alexander_Z
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Z


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February 06, 2018, 07:02:39 PM

Sorry for OT, but how can I vote the Poll at the top of the page? Thank You

AFAIK Newbies cannot vote, one has to be at least Jr. Member for this.

Right, you'll have to share your prediction openly so everyone can laugh at you.   Wink

Well, after the last couple of days I would not try to vote even if I could. I am mentally prepared for another downfall, but at the same time I hope that it is not another bull trap. Then I'm going to laugh no matter how wrong my prediction is  Smiley
LFC_Bitcoin
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One of the world's leading Bitcoin-powered casinos


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February 06, 2018, 07:03:19 PM

So ...

I think I will wait until 9k/10k to buy more BTC.

I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ...

But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k Cheesy)


Do you think bitcoin will be worth upwards of $20,000 at some point in the next few years regardless of what the price is now & how much it’s fallen?

If the answer to the bolded is yes then what the fuck are you waiting for now, cheap couns. Load up whilst you can at these prices.
Wekkel
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yes


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February 06, 2018, 07:03:37 PM

Some ICO: https://uetoken.com/
Biodom
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February 06, 2018, 07:03:40 PM


Polo doesn't trade USD /BTC, better reference an exchange that does, maybe? Polo is usually a little higher than (say) Bitstamp - which I personally prefer, and Finex arbs with Stamp, too, usually linking prices between them (roughly)

technically, yes, but if they are almost 100% correlated, no big difference.
coinbase indicates 6166 low.
tradingview shows btc below 6K for a few minutes, hardly relevant (so far)
personally, I don't like either bitstamp or bitfinex (especially), hence the difference in opinion on price.
vapourminer
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what is this "brake pedal" you speak of?


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February 06, 2018, 07:09:00 PM

Not surprised you have no merits. Dammit, why can't I demerit you??

On a serious note, I think this whole sMerit system needs a re-thinking.

I wanted to merit this post, but find myself on my last sMerit. So now I'm forced to HODL my last sMerit.

tossed ya a merit to help you recharge as i know youll pass em on to some worthy post or another. well, probably a worthy post. Smiley
600watt
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February 06, 2018, 07:10:04 PM



Wekkel, this is the best one!  Cheesy
vapourminer
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what is this "brake pedal" you speak of?


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February 06, 2018, 07:11:19 PM

I will merit someone for anyone for .01 BTC per Merit.

Get in while the price is low. ICO. Cheap Merits.

btw....we're up 1.5% for the day!

btc price has gone up 1.5% or the price for buying your merits has gone up 1.5%?  Grin
Sitarow
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February 06, 2018, 07:21:29 PM
Last edit: February 06, 2018, 08:46:54 PM by Sitarow
Merited by Elwar (1), explorer (1), Dunkelheit667 (1)

Just updated my old Hardware vs Difficulty chart for BTC. It seems there is miss information going around about cost to mine and such so I wanted to get the "numbers" so to speak out there for newbies and oldschool alike.

https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing

https://i.imgur.com/v4xu4s1.png - OLD DIFFICULTY from December 6th 2017

New from January 26 2018.
https://i.imgur.com/2oBJ4ZD.png

In the document you will also find the estimated return for the most recent ASIC hardware available now..
Torque
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February 06, 2018, 07:22:57 PM

Good sign

https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
theymos
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February 06, 2018, 07:25:25 PM
Merited by LFC_Bitcoin (2), RoomBot (2), 600watt (1), Torque (1), dbshck (1), El duderino_ (1)

A couple of months ago I heard someone on Bloomberg Markets saying that all assets were inexplicably rising at the same time -- stocks, real estate, collectibles, BTC, etc. And now it seems that all assets are falling at the same time. What is the underlying reason for this? One explanation that comes to mind is that people are selling all of their other assets in order to buy into the falling stock market. Or is it some underlying economic thing with the fiat economy?

P.S. I totally called it in this post:
I've been feeling that the price jump has been built on FOMO speculation for a while now. I think that the real, solid base is around $6k (roughly following the longer-term linear trend), but I expect speculators to stabilize it if it reaches $10k, at the very least, and then those prices might or might not stabilize.

So IMO $6k and below is "solid", $6k-$10k is semi-solid, and everything above $10k is a house of cards. No idea what'll actually happen in the next few days, though; it's pure speculative madness. In the next hour, I wouldn't be surprised to see a drop to $10k or an increase to $16k.
Sitarow
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February 06, 2018, 07:27:48 PM
Last edit: February 06, 2018, 08:46:37 PM by Sitarow


Note that old hardware may be  turned off to make way for new hardware going online in march.

https://i.imgur.com/v4xu4s1.png - OLD DIFFICULTY from December 6th 2017

New from January 26 2018.
https://i.imgur.com/2oBJ4ZD.png
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