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

[sirazimuth]

Guys come on. Nobody gives a crap about IQ debates, pen, or other stuff.
Just go there for that : https://bitcointalk.org/index.php?board=9.0

 I disagree.  I love pens.  Look at this one:

The Lighthouse of Alexandria



by Pelikan

You know today is gonna be exciting. When The Wall starts talking about pens.

 I'm excited.
4

Are they available at  penisland.com ?        (actual website that sold pens, aka "Pen Island")

  No, that site redirects to a malicious site.   Anyway, the pen above is one of a limited edition run of 440.  It would be difficult to find and purchase.

I'm so disappointed. sirazimuth claimed penisland.com was an actual website that sold pens, but a snapshot from 2001 shows it was a porno website called penis land, not a respectable pen selling website called pen island.

https://web.archive.org/web/20010926155606/http://penisland.com:80/

 Ah ha!  Now we get to the heart of the maliciousness.

The real deal pen selling website is called http://www.penisland.net/

tbh,I just saw a pen in a glass dildo and it reminded me of the penisland.comnet thing I read about years ago that gave me a chuckle.
it wasn't meant as a link, just a joke ( got googled, of course... thank you fartbuddy for clarifying)

 I promise no more malicious penisland jokes...my bad

(I just checked out http://www.penisland.net...and 1st thing I see... "We Specialize in Wood"... LMAO! )

[Torque]

Some bullish action here to cross $8900...

[conspirosphere.tk]

I duno why the market is going to the mooon. Its time to buy? Or if the volume of bitcoin in coinbase hits 100mm it will go down again? What do you think masters?

i'm not a master but on the 1-4hs charts I see a sequence of mini-cup&handles.
But maybe it means just that i need a sleep.

[JayJuanGee]

Sitarow's post opened the flood gates and now I am cruising the way back machine trying to remember exactly when I first heard of bitcoin. I want to say that it was right around Christmas of 2011..the price had just spiked to $15 and then dropped...everyone was in a panic. Quite the series of unfortunate events drew me towards bitcoin..mostly due to the closing of Full Tilt and the subsequent backlash over online gambling in the US. I didnt fully enter until march of 2012 tho and even then I only lurked around this forum under another account. Meh..I am mono logging...

So, comparing and contrasting war stories is not a bad endeavor, and hopefully our memories can stay somewhat consistent because with the passage of time, sometimes we can begin to remember history differently or even emphasize different aspects of history.

Regarding BTC accumulation:  It really seems that you accomplished your initial accumulation much faster than me, because my initial accumulation took a year from late 2013 to late 2014.

Regarding memory of finding out about bitcoin:  A keep searching my memory about this and it is a strange kind of thing that I knew that I recognized the name bitcoin in August to November 2013 time, and maybe even earlier than that.  I recall that in about September 2013, I was researching into investments, and BTC was on my list of things to look into, and I never got to it  and I ended up investing into various index funds... like mutual funds in October and November 2013.  I guess I was still in the investment research mode because around mid-November 2013, I looked into the BTC matter, and kind of kicked myself for my mutual funds investment and thereafter created a supplemental BTC investment plan... anyhow, after the mutual funds had run a year, I did fold that money into BTC at the end of 2014.. so I guess that part worked out in the longer term.

My points are this...JJG, your OG dude...dont sweat it...you are like a fixture on the WO now..your place in history is assured.

I suppose OG status could be understood in various ways.. including hanging out and continuing to post during 2015 WO thread desert land.... hahahahaha ... was pretty lonely around here during those times..   

The market will continue to fluctuate..same deal..buy the dips when you can. I strongly feel that we are going to breach 5 figures before we have another dip in the coming weeks. It would not surprise me to have a new ATL for the year but those predicting a long winter...I dont see it.

Personally, I think that we are still in a bull market as long as we stay above $5k-ish.. even with a quick dip down to $3k.

On the other hand, if prices go below $3k, then the long winter scenario would become the more plausible scenario.

Late Spring and Summer are going to be hot hot hot! Inertia is a funny thing.

Seems to be the more likely scenario.

I have been thinking about the term "Legacy Markets"..thats what our previous global markets are now. Bitcoin and crypto are the future..its here now.

I understand what you are saying, and I largely agree; however, it seems better to attempt to describe legacy and crypto as a likely transitional movement, and your punchline conclusion is likely going to be correct about the future - however, legacy is not going down without a fight and could take quite a long period to play out.

[Elwar]

So as to not get too excited about the price rise I would first go look at the 3day chart...then the 1 week chart...now I just watch the 1 month charge

[UnDerDoG81]

This could end in another crash below 6k  . Pumping too hard already.

[conspirosphere.tk]

This could end in another crash below 6k  . Pumping too hard already.

This time my bids are ready down to 3K. But I don't expect that they will be filled.

[Torque]

Some bullish action here to cross $8900...

Boom

[bones261]

This could end in another crash below 6k  . Pumping too hard already.

RSI already in the high 70s. Just let it hit my ask order, then it can come back to earth with a waiting bid order.

Edit:Darn it, rally ran out of gas just before my ask. 

[Elwar]

My new advice to friends is this:

Find a restaurant nearby that accepts bitcoin as payment. Figure out the price of a nice night out at that restaurant (alone or with s/o). Buy bitcoins worth 10x that price.

Every time your investment goes up by 10%...go treat yourself to a nice night out to celebrate. Don't spend more than the initial amount.

There's a Hungarian fable about a restaurant table that has a never ending amount of food (something like that). This strategy gives you that table.

[criptix]

BCH?

Look at the ridic RIPPLE pump! 



I think the bounce will top out here, we gonna go sideway for a bit then retest 5-6 k again.

[bitcoinPsycho]

BCH?

Look at the ridic RIPPLE pump! 



I think the bounce will top out here, we gonna go sideway for a bit then retest 5-6 k again.

56k nice

[Torque]

I think the bounce will top out here, we gonna go sideway for a bit then retest 5-6 k again.

Not so sure about that. Major support now built at $7500 and now $8k.

[BlindMayorBitcorn]

Tell me again why you fellas sit on your helmets?

[Toxic2040]

Some bullish action here to cross $8900...

A heavy volume daily over the weekend would really show wall street whos in charge now but its been light since the selloff. I think the battle is going from $8900 all the way to $9200. If we can breach that resistance level its a confirmation for testing 5 figures and a bullish reversal indicator at least for the shorter term.

So, comparing and contrasting war stories is not a bad endeavor, and hopefully our memories can stay somewhat consistent because with the passage of time, sometimes we can begin to remember history differently or even emphasize different aspects of history.

Haha! I am not getting any younger and truth be told I forget shit all the time. My kids are like....Dad!!!!  and I have to guilty admit that yes..that was our turn for home and I had forgotten...

Regarding BTC accumulation:  It really seems that you accomplished your initial accumulation much faster than me, because my initial accumulation took a year from late 2013 to late 2014.

I am still "accumulating" heh..but in a very regimented manner these days. I do have a small stash I keep in hot wallets to daytard with on occasion...but mostly for academic purposes.

Regarding memory of finding out about bitcoin:  A keep searching my memory about this and it is a strange kind of thing that I knew that I recognized the name bitcoin in August to November 2013 time, and maybe even earlier than that.  I recall that in about September 2013, I was researching into investments, and BTC was on my list of things to look into, and I never got to it  and I ended up investing into various index funds... like mutual funds in October and November 2013.  I guess I was still in the investment research mode because around mid-November 2013, I looked into the BTC matter, and kind of kicked myself for my mutual funds investment and thereafter created a supplemental BTC investment plan... anyhow, after the mutual funds had run a year, I did fold that money into BTC at the end of 2014.. so I guess that part worked out in the longer term.

I can remember the first hearing part clear as a bell. A buddy of mine had bought in the runup from $5 to $15...at like $13 I think...and the market crashed. He was sitting there with there huge bags and nowhere to run. I got busy thru the holidays as usual and didnt think about it till that spring. I spoke with my buddy and he was pumped..the price had risen to over $50 at that point..this was middle late March I think in 2012. Well..he convinced me to check out this poker site that only accepted bitcoins. Those facts and the added benefit of having and building high end computers for many years..whelp..that was it for me. After writing this down it has struck me how eerily similiar this must be for the people who bought at the top of 2017. Do the right thing people!  Hodl!

I suppose OG status could be understood in various ways.. including hanging out and continuing to post during 2015 WO thread desert land.... hahahahaha ... was pretty lonely around here during those times..  

Indeed..perhaps even more so than being early..

Personally, I think that we are still in a bull market as long as we stay above $5k-ish.. even with a quick dip down to $3k.

On the other hand, if prices go below $3k, then the long winter scenario would become the more plausible scenario.

I agree..tho $3k seems extremely bearish...I doubt the spikes would fall that fall even on a hard dump. I have modeled scenarios where we have reached $5k but they never seems to last long term.

Seems to be the more likely scenario.

I think everyone is going to be amazed...again.

I understand what you are saying, and I largely agree; however, it seems better to attempt to describe legacy and crypto as a likely transitional movement, and your punchline conclusion is likely going to be correct about the future - however, legacy is not going down without a fight and could take quite a long period to play out.

For real...JJG...I am of an age where I doubt I will see even the beginning of the end..I console myself with the fact I have seen the beginning.

[TERA2]

I am not assuming anything.  I merely said that they (Wall street types) are looking into Bitcoin, and they did not even know about it before $10k.  So how is my statement assuming in regards to their actual investment or their actual pushing this particular price rise - all by themselves?  I suppose I am assuming that the more that Wall street types know about bitcoin, the more that their knowing about it could contribute to some kind of bullish impact on bitcoin.. and I am NOT even saying that buying pressure is coming from ONLY one aspect of the market.  

Even you should realize that Bitcoin is much more than some simple kind of appeal to only one sector.. financialization is ONLY one of the several bitcoin networking effects that may well be in its early infancy stages.  You are familiar with the seven network effects that are outlined by Trace Mayer?  You need a link?  

Do you think that those other six network (besides financialization) effects are not important in the overall consideration regarding where bitcoin is at and where it might be going?  Do you think that those other six network effects have already sufficiently matured in bitcoin?  or do you think that those other six network effects are still too early to potentially influence bitcoin into an early 2013 type scenario.  

By the way, I like the way you even doubled down (NOT) on your bearishness by suggesting a 2011 scenario (which I think that you are implying that this particular BTC downtrend could be even longer than the one in 2014/2015, which I think is what you mean by your 2011 reference).  

It is like ongoing that you, Terabeara, take these outrageous positions (like a troll) to spread FUD, and then later, when some semblance of the direction of your prediction moves in a direction of coming true, then you don't hesitate to take full credit for something that you did not even call - because like I mentioned earlier, you had been whining about BTC bubble ever since $5k, and I recall that you were even whining about BTC bubble when you first came back into the thread in 2015 as BTC prices were coming out of the long flat period,  it did not take you too long to get back to your bearish talking points (here's your return to the WO post for reference)... Even when you try to act like you have reasonable discussion points, you are flooded with persistent bearish BTC FUD spreading party pooping negativisms.      

TLDR:  TeraBera needs to attend some kind of BTC enlightenment camp that is NOT in the woods, so she can break her ties from bears, but more importantly break her ties from government/corporate shills.  INTENSE reform is what seems to be needed for your lost cause status (if there is any possible hope?).

We'veYou've been making the same arguments about how everyone in the world must want a bitcoin ever since the beginning but that doesn't stop bitcoin from following its chart patterns and crashing spectacularly before the next rise. Wall street isn't going to buy into a downtrend. They will wait until every drop of blood is in the street.

[criptix]

I think the bounce will top out here, we gonna go sideway for a bit then retest 5-6 k again.

Not so sure about that. Major support now built at $7500 and now $8k.

Yeah i know what you mean and agree that BTC showed good support at the 7-8 k range in the last days.

Nevertheless i think if we get a double bottom at 5-6 k with similar volume like last time it will be a definite signal that BTC found its new support range.

From there we can start the rocket to 40 k 

[JayJuanGee]

I am not assuming anything.  I merely said that they (Wall street types) are looking into Bitcoin, and they did not even know about it before $10k.  So how is my statement assuming in regards to their actual investment or their actual pushing this particular price rise - all by themselves?  I suppose I am assuming that the more that Wall street types know about bitcoin, the more that their knowing about it could contribute to some kind of bullish impact on bitcoin.. and I am NOT even saying that buying pressure is coming from ONLY one aspect of the market.  

Even you should realize that Bitcoin is much more than some simple kind of appeal to only one sector.. financialization is ONLY one of the several bitcoin networking effects that may well be in its early infancy stages.  You are familiar with the seven network effects that are outlined by Trace Mayer?  You need a link?  

Do you think that those other six network (besides financialization) effects are not important in the overall consideration regarding where bitcoin is at and where it might be going?  Do you think that those other six network effects have already sufficiently matured in bitcoin?  or do you think that those other six network effects are still too early to potentially influence bitcoin into an early 2013 type scenario.  

By the way, I like the way you even doubled down (NOT) on your bearishness by suggesting a 2011 scenario (which I think that you are implying that this particular BTC downtrend could be even longer than the one in 2014/2015, which I think is what you mean by your 2011 reference).  

It is like ongoing that you, Terabeara, take these outrageous positions (like a troll) to spread FUD, and then later, when some semblance of the direction of your prediction moves in a direction of coming true, then you don't hesitate to take full credit for something that you did not even call - because like I mentioned earlier, you had been whining about BTC bubble ever since $5k, and I recall that you were even whining about BTC bubble when you first came back into the thread in 2015 as BTC prices were coming out of the long flat period,  it did not take you too long to get back to your bearish talking points (here's your return to the WO post for reference)... Even when you try to act like you have reasonable discussion points, you are flooded with persistent bearish BTC FUD spreading party pooping negativisms.      

TLDR:  TeraBera needs to attend some kind of BTC enlightenment camp that is NOT in the woods, so she can break her ties from bears, but more importantly break her ties from government/corporate shills.  INTENSE reform is what seems to be needed for your lost cause status (if there is any possible hope?).

We'veYou've been making the same arguments about how everyone in the world must want a bitcoin ever since the beginning but that doesn't stop bitcoin from following its chart patterns and crashing spectacularly before the next rise.

I think that you would have been better with your "we" formulation, rather than proclaiming my particular argument.  You have not been very good at characterizing the various arguments of others whether that is me or generalizing about what all bulls want, supposedly.

Get the fuck out of here with your characterizing what everyone wants (including me). 

We have ourselves something like .5% world adoption of bitcoin with areas of the world and some populations having greater bitcoin penetration than others.  How are we going to characterize what this is exactly, when it remains small as fuck?

There is a certain level of anticipated continue growth merely based on the current low level of penetration.  Whether greater growth happens or not is not an inevitable proposition, it is merely a tendency that I describe and other bitcoin bulls describe, and sure some of us might be suggesting that there is a kind of inevitability to this network growth phenomenon, especially when we are seeing a large number of network growth signs on an ongoing basis.   So yeah, we can have ongoing growth and adoption in a variety of ways and also have ongoing downward manipulation of prices, that may or may not succeed in keeping the price down.

Wall street isn't going to buy into a downtrend. They will wait until every drop of blood is in the street.

If they don't buy, then they might have to chase the train... Who the fuck knows what wall street is going to do?  Wall street is not a monolithic entity and some of those folks are already getting into it, and others of those folks are taking longer before they get in... Again, I don't understand why you continue to attempt to focus on one factor and then attribute contrary claims to other people.. while also ignoring various networking effect points of my previous posts while continuing to harp on simplified financialization only?  You probably don't really want to attempt any kind of meaningful discussion, but instead want to propagate partial stories and your ongoing FUD spreading.. while attempting to appear as if you are "getting real" when you are surely lacking in "real" on an ongoing basis...and seemingly on purpose.

[TERA2]

It's wall street some kind of singular sentient being?

Yes.

It's wall street some kind of singular sentient being?

Yes, just like the Borg.

[pacman7331]

I was planning on a sub 7000 purchase of a quarter BTC or so... looks like that may not happen.

What do you guys think? Looks like new support is 8500?