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Question: Price prediction for the May 21 weekly close:
<$20,000 - 7 (8%)
$20,000 - $22,000 - 0 (0%)
$22,000 - $24,000 - 2 (2.3%)
$24,000 - $26,000 - 3 (3.4%)
$26,000 - $28,000 - 7 (8%)
$28,000 - $30,000 - 12 (13.8%)
$30,000 - $32,000 - 20 (23%)
$32,000 - $34,000 - 8 (9.2%)
$34,000 - $36,000 - 6 (6.9%)
$36,000 - $38,000 - 3 (3.4%)
$38,000 - $40,000 - 2 (2.3%)
>$40,000 - 17 (19.5%)
Total Voters: 87

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25638783 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. (168 posts by 4 users with 9 merit deleted.)
Toxic2040
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February 14, 2018, 07:45:37 AM

Oh look. THere's a 200 coin ask wall being eaten on Stamp.

Isn't wall observation fun?
+1 WOsMerit

Why yes...yes it is.  $9200 targeted
*wanders off looking for old 9k memes*


*edit

I did find this..posting for the record.  Wink

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svdleer
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February 14, 2018, 07:55:25 AM

Quite fun!

The road to 9000 seems clear of any obstacles.

Volume is quite low still.
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February 14, 2018, 08:03:23 AM
Merited by JayJuanGee (1), nelsmining (1)

9k today, 11k on the weekend. I know some "I will wait till 5k to invest" guys.. And I will text them every single day when btc reached 20k again..  Grin
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February 14, 2018, 08:28:42 AM

Quite fun!

The road to 9000 seems clear of any obstacles.

Volume is quite low still.

From where do you get your trade volume information?  daily candles?  hourly?  are you accounting for trade volume from last week in your consideration of what is happening right now?

Most frequently, you need to look at longer time frames to assess trade volume to be low, and merely because trade volume has recently come down, that snap shot assessment of trade volume is going to be inadequate if not viewed in proper context, and last week we had one of the largest volume bars ever, especially in terms of USD... .... in other words, consideration of context is surely important when assessing current trade volume.
mymenace
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February 14, 2018, 09:29:23 AM


everywhere



600watt
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February 14, 2018, 09:45:43 AM


everywhere






silence of the lamb(o)s
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February 14, 2018, 09:52:11 AM

Very good 600watt. That comment could be comment of the day.
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February 14, 2018, 10:00:43 AM

Hmmm...came across this about a potential double spend attack. Seriously interesting and actually surprised this isnt a bigger deal.

Basically there is a chance that a miner(pool) would be able to match the entire hashrate of bcash and create a low risk/high reward double spend.

Julian, the Co-Founder of TenX explains it in this video.
https://www.youtube.com/watch?v=_cuImsvmSf4&feature=youtu.be





While some might argue that this is a bcash problem I disagree. This is an all crypto problem really. If such an attack can be carried out and funds exchanged from the double spend, it not only devalues the exchange but the crypto in question.
bitserve
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February 14, 2018, 10:08:43 AM
Merited by d_eddie (1)

Hmmm...came across this about a potential double spend attack. Seriously interesting and actually surprised this isnt a bigger deal.

Basically there is a chance that a miner(pool) would be able to match the entire hashrate of bcash and create a low risk/high reward double spend.

Julian, the Co-Founder of TenX explains it in this video.
https://www.youtube.com/watch?v=_cuImsvmSf4&feature=youtu.be


While some might argue that this is a bcash problem I disagree. This is an all crypto problem really. If such an attack can be carried out and funds exchanged from the double spend, it not only devalues the exchange but the crypts in question.


Exactly for that reason is that it has not happened and probably never will.

It is well known that in case a double spent attack like that would be carried out, the loses from the negative impact would be bigger than the potential profit for the attacker.

IIRC,  that is covered in the whitepaper, when it talks about the incentives for NOT acting maliciously.
rafanadal
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February 14, 2018, 10:33:13 AM

9k has proven to be a major resistance.
bitserve
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February 14, 2018, 10:34:28 AM

9k has proven to be a major resistance.

Yup. So you know what that means when it is finally broken Smiley

One thing I like about this (huge) correction is that we are testing all the levels we just passed on inertia/fomo during the final month of the last rally. And we are doing it the right way. If we were able to just forget about the final stage of the last rally (as if it never happened), it is as if we continued with a helthy growth rate after the last (11 nov) dip.

Oh, and without most weak hands too. We had loads of those before.
JayJuanGee
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February 14, 2018, 10:46:08 AM

9k has proven to be a major resistance.

Yup. So you know what that means when it is finally broken Smiley

One thing I like about this (huge) correction is that we are testing all the levels we just passed on inertia/fomo during the final month of the last rally. And we are doing it the right way. If we were able to just forget about the final stage of the last rally, it is as if we continued with a helthy growth rate after the last (11 nov) dip.

Oh, and without most weak hands too. We had loads of those before.

I don't want to forget about the last surge past $10k and up to $19,666.

I feel that I made pretty decent money on that because I was selling on the way up, and such price upsurge allowed me to generate a decent level of fiat in order that I have more bitcoin this time around (on the way back up).

Another reason that I don't want to forget about our last upward price surge is because such upward surge is likely demonstrating a more bullish upwards BTC price path than had previously been considered.  So the fact that BTC prices went up so fast and nearly effortlessly from $10k to $19,666 in a matter of a few weeks, showed a decently bullish upwards BTC price potential that clearly goes to $19k again, and also supports a case of $50k and $100k, when prior to passing $10k, talk of $50k and $100k was considered as too much fantasy.  No longer the case.
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February 14, 2018, 10:47:56 AM

bitserve
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February 14, 2018, 10:50:33 AM

9k has proven to be a major resistance.

Yup. So you know what that means when it is finally broken Smiley

One thing I like about this (huge) correction is that we are testing all the levels we just passed on inertia/fomo during the final month of the last rally. And we are doing it the right way. If we were able to just forget about the final stage of the last rally, it is as if we continued with a helthy growth rate after the last (11 nov) dip.

Oh, and without most weak hands too. We had loads of those before.

I don't want to forget about the last surge past $10k and up to $19,666.

I feel that I made pretty decent money on that because I was selling on the way up, and such price upsurge allowed me to generate a decent level of fiat in order that I have more bitcoin this time around (on the way back up).

Another reason that I don't want to forget about our last upward price surge is because such upward surge is likely demonstrating a more bullish upwards BTC price path than had previously been considered.  So the fact that BTC prices went up so fast and nearly effortlessly from $10k to $19,666 in a matter of a few weeks, showed a decently bullish upwards BTC price potential that clearly goes to $19k again, and also supports a case of $50k and $100k, when prior to passing $10k, talk of $50k and $100k was considered as too much fantasy.  No longer the case.

Pretty decent points indeed. Ok, we can consider it similar to what happened in november 2015 when it surged/"bubbled" to $500. Even if it quickly retraced, for me it was the signal that showed BTC was well alive and showed a glimpse of its future. But, even then, it needed to retrace and continue where it left with a healthier growth rate. And see where we are today Smiley
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February 14, 2018, 10:53:34 AM
Last edit: February 14, 2018, 11:06:25 AM by toknormal
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such upward surge is likely demonstrating a more bullish upwards BTC price path

When a single corporate entity registered in the British Virgin Islands is responsible for cooking up worthless tokens out of nothing that account for 2/3rds of global volume then it's not a bad bet.

Better pray they don't stop printing. (And stay out of gaol !) Wink

https://www.reddit.com/r/CryptoCurrency/comments/7xae98/understanding_tether_why_it_accounts_for_a/

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February 14, 2018, 11:01:14 AM

... when prior to passing $10k, talk of $50k and $100k was considered as too much fantasy.  No longer the case.

Our minds have been prepared now. Priming minds followed by the real thing works best.
JayJuanGee
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February 14, 2018, 11:01:59 AM

9k has proven to be a major resistance.

Yup. So you know what that means when it is finally broken Smiley

One thing I like about this (huge) correction is that we are testing all the levels we just passed on inertia/fomo during the final month of the last rally. And we are doing it the right way. If we were able to just forget about the final stage of the last rally, it is as if we continued with a helthy growth rate after the last (11 nov) dip.

Oh, and without most weak hands too. We had loads of those before.

I don't want to forget about the last surge past $10k and up to $19,666.

I feel that I made pretty decent money on that because I was selling on the way up, and such price upsurge allowed me to generate a decent level of fiat in order that I have more bitcoin this time around (on the way back up).

Another reason that I don't want to forget about our last upward price surge is because such upward surge is likely demonstrating a more bullish upwards BTC price path than had previously been considered.  So the fact that BTC prices went up so fast and nearly effortlessly from $10k to $19,666 in a matter of a few weeks, showed a decently bullish upwards BTC price potential that clearly goes to $19k again, and also supports a case of $50k and $100k, when prior to passing $10k, talk of $50k and $100k was considered as too much fantasy.  No longer the case.

Pretty decent points indeed. Ok, we can consider it similar to what happened in november 2015 when it surged/"bubbled" to $500. Even if it quickly retraced, for me it was the signal that showed BTC was well alive and showed a glimpse of its future. But, even then, it needed to retrace and continue where it left with a healthier growth rate. And see where we are today Smiley

Actually the comparison of the late 2015 is not a bad a bad comparison, even though that particular surge kind of demonstrates the whole beginning of this bull run, and now we are either continuing in the bull run or ending the bull run, and I think that the case for continuing the bull run is stronger, even though we could experience a 3 to 12 month delay.... and hopefully, more on the shorter end of this consolidation period... so yeah, considering the bull case scenario, which seems to be the more plausible one, we could experience quite a few ups and downs within a $7k to $18,500 range  for several months, and it seems that ups and downs within that range would not undermine the ongoing bull case scenario.

The bear case would likely involve a break below $7k which would have a pretty decently high likelihood of cascading us down to $5k and even dips down to $3k.. so that would be a more bearish scenario, and surely any bearish scenario would likely need to be accompanied by decently sized FUD and perhaps spam attacks and alt coin pumping that fools folks into some kind of belief that bitcoin is not king..... Another bearish scenario could come through a very large level of ICO/Alt coin collapse and/or crack down that could drag bitcoin down with it... yet the bull case does continue to seem as the more plausible one, at least currently... and even if such bull case drags out several months before returning to ATH striking distance.
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February 14, 2018, 11:08:41 AM


such upward surge is likely demonstrating a more bullish upwards BTC price path

When a single corporate entity registered in the British Virgin Islands is responsible for cooking up worthless tokens out of nothing that account for 2/3rds of global volume then it's not a bad bet.

Better pray they don't stop printing. (And stay out of jail !) Wink

https://www.reddit.com/r/CryptoCurrency/comments/7xae98/understanding_tether_why_it_accounts_for_a/



Hasn't this horse been beaten to oblivion in the past 4-6 months?  Fuck, I seem to recall the beating of that horse further back, as well.  

We gots ourselves all kinds of stupid ass theories regarding the supposed bitcoin bubble, and yeah, it does not surprise me that you, toknormal want to include some of those exaggerated and FUDster talking points, since you seem to kind of specialize in those kinds of doom and gloom talking points.   Tongue Tongue   Roll Eyes    Cheesy Cheesy Cheesy
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February 14, 2018, 11:14:42 AM


Hasn't this horse been beaten to oblivion in the past 4-6 months?  Fuck, I seem to recall the beating of that horse further back, as well.  

We gots ourselves all kinds of stupid ass theories regarding the supposed bitcoin bubble, and yeah, it does not surprise me that you, toknormal want to include some of those exaggerated and FUDster talking points


Hey, it's not rocket science. Wake tf up please.

This entire sector is about the trading of trustless assets. If you have a single corporate entity accounting for 2/3rds of the GLOBAL "fiat" volume (we're not just talking a single exchange here) you need to be on a high dose of delusionary cool-aid not to see an implicit major problem.

The reserve ratio doesn't matter. (Even if it did exist, which it clearly doesn't, no one keeps $2.2 billion sitting idly in a bank account anyway).

Far from being "beaten to death" it's slowly turning into the elephant in the room with which this market will be "beaten to death" sooner or later.
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February 14, 2018, 11:25:06 AM

Here’s the thing:

USDT is not just a bitcoin thing, it’s a pair across all crypto.

BTC and ETH pairs are still far bigger.  

Every trade on BFX is counted as a USDT trade, including people like me that have deposited real USD

XRP is bigger and just as much a shit coin

No one with half a brain actually believes it is backed anymore than Dai

So there are all sorts of confounding factors.  
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