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

[marcus_of_augustus]

Is that Petro cash bad news for crypto overall in that it places an unfavoured regime in the space and its cash flows in and out of Bitcoin probably.   I mean with regard to oppressive regulation or maybe its even a positive in putting an OPEC sized economy into the crypto economy generally.   [Im not expecting Petro to be a proper/fair crypto standard but still it'll be exchanged]   I would equate that to Japan endorsing Bitcoin, they also have a failing currency though its incredibly under reported theres no doubt they have debt troubles beyond solution.  Of course Japan is a friend to the 'west' so no problem I guess

OPEC member Venezuela boasts the largest proven reserves of crude oil in the world, but has struggled against the plunge in oil prices which began in 2014.

The WTI benchmark currently sits at $58.36 per barrel, while Brent is faring marginally better at $63.73. Venezuela's sour crude basket price currently sits at $50.15, an unsustainable level given the country's dismal economic outlook and overreliance on US refineries to process its oil.

this will be great for demonstrating what a really stupid idea centralised shitcoins managed by comrade socialists truly are. It will reinforce that genuine workable crypto need to be decentralised in all aspects, networked nodes, mining, development, consensus blockchain db.

Petro, Bcash, Ether, Ripple are all centralised shitcoins ... apparently Maduro was calling the Petro devs every day to ask how his shitcoin was developing and giving socialist propaganda advice to spur the effort along ... it's almost exactly like Wu and Roger calling up Peter_r and Rick to see how Bcash devs are doing so they can pump their shitcoin to the world after yet another Bitmain/Antpool enforced hardfork (for the children's sake) ... or Vitalik deciding what smart contract fail TX to rollback (for the children's sake) on the next aethereum hardfork.

[HairyMaclairy]

Whats the difference between "Any Outputs" and "Op_Return"? 

[HairyMaclairy]

We don’t really want to go much lower right now.

[Lontonbit]

Back from a 7 day ban!! Wohoooooooooooo YES We're going to 9k like it or not. Than back to test defending resistance, I call a breakout next run

[Last of the V8s]

Whats the difference between "Any Outputs" and "Op_Return"? 

not a clue. something like metadata but not like metadata. aka 'sneaking shit onto the blockchain'
he has more clue: https://bitzuma.com/posts/op-return-and-the-future-of-bitcoin/

[HairyMaclairy]

1470 coins to 10k then stop losses will liquidate down. 

[Lontonbit]

Don't ever ban me again thnx )

[fragout]

There is strong support above $10k but we are also forming a head and shoulders so > $10k needs to hold and a break above the down trend line is crucial soon

[Lontonbit]

If don't have a short position right now, you don't know what your doing.

[marcus_of_augustus]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

[LFC_Bitcoin]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

[Lontonbit]

"A purging of the parasites"

[conspirosphere.tk]

... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

[Last of the V8s]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

have always wanted this, specifically to purge the fractional reserve 'exchanges' and Bitpay, coinbase, b.info etcetera x3

[Ibian]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

have always wanted this, specifically to purge the fractional reserve 'exchanges' and Bitpay, coinbase, b.info etcetera x3

PURGE THE UNCLEAN

[Asrael999]

So we continue the rhyming with 2014. Let's hope Masterluc is right and we can avoid the prolonged bear market.

[JayJuanGee]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

Quoted for comedic relief.... hahahahahahahaha

When I first read MOA's post, I thought the same thing, but since generally speaking, MOA is a very reasonable poster, I thought that it was not a problem to leave him to get away with a few exaggerations here or there - outside scenarios or otherwise "bullshit", as you tagged such propositions.

My view is that breaking below $10k will cause a pretty decent chance for $9,300; however, there is still going to be decent sized buying support at each $1,000 level - including $8k and $7k that must be broken through before getting anywhere near anything approaching inevitable lower price points....

I do think that if we do happen to get below, about $6,666 (chosen for additional comedic effect), then at that point $5k and even spiking down to $3k has a decent chance - yet on the other hand, if it takes us a few months before we are even able to get down to $6,666, then at that point, $6k would become a very likely double bottom... and we's not be going below dat... without a really BIG ASS battle.

Edit:  In response to posts coming after LFC's asserting that the purge will cause the removal of ICOs, parasitic alts, problematic 3rd parties such as coinbase, bitpay etc, these are fantasy considerations because the cryptospace is about 99.5% NOT ready for such purging.. and accordingly these fuck job bad actors and parasites are going to be around for at least one more BTC pump cycle... because no fucking purge is ready - even though I agree that it would be deserved, but the happening of such, is too fucking much fantastical thinking and for that reason not going to happen and therefore we are not going to get some kind of long winter now... because the space remains geared up for another irrational and stupid-ass pump, whether we want it or not.. there are a lot of dumb shits that are going to be putting more money into this space rather than smart money purging out the impurities and/or parasites.

[BlindMayorBitcorn]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

have always wanted this, specifically to purge the fractional reserve 'exchanges' and Bitpay, coinbase, b.info etcetera x3

FYI it isn't only parasites losing their shirts. These are the people we were supposed to be adopting.

[LFC_Bitcoin]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

Quoted for comedic relief.... hahahahahahahaha

When I first read MOA's post, I thought the same thing, but since generally speaking, MOA is a very reasonable poster, I thought that it was not a problem to leave him to get away with a few exaggerations here or there - outside scenarios or otherwise "bullshit", as you tagged such propositions.

My view is that breaking below $10k will cause a pretty decent chance for $9,300; however, there is still going to be decent sized buying support at each $1,000 level - including $8k and $7k that must be broken through before getting anywhere near anything approaching inevitable lower price points....

I do think that if we do happen to get below, about $6,666 (chosen for additional comedic effect), then at that point $5k and even spiking down to $3k has a decent chance - yet on the other hand, if it takes us a few months before we are even able to get down to $6,666, then at that point, $6k would become a very likely double bottom... and we's not be going below dat... without a really BIG ASS battle.

I think sub $10,000 is obviously possible. All the way down to $2,500 though? Near impossible for me buddy, too many people would be having a feast on coins valued at around $4000 - $5000.

[Totscha]

... if 10k doesn't hold we'll probably go back and test 5k support ... or maybe lower like 2500 area needs some backing and filling also

it'll be cathartic if we dive that low ... like a whale diving to get rid of all the parasites ... btc has sure built up it's fair share of those during this last run ... alts, ICOS, "blockchain" charlatans and straight out conartists are everywhere

Quoted for comedic relief.... hahahahahahahaha

When I first read MOA's post, I thought the same thing, but since generally speaking, MOA is a very reasonable poster, I thought that it was not a problem to leave him to get away with a few exaggerations here or there - outside scenarios or otherwise "bullshit", as you tagged such propositions.

My view is that breaking below $10k will cause a pretty decent chance for $9,300; however, there is still going to be decent sized buying support at each $1,000 level - including $8k and $7k that must be broken through before getting anywhere near anything approaching inevitable lower price points....

I do think that if we do happen to get below, about $6,666 (chosen for additional comedic effect), then at that point $5k and even spiking down to $3k has a decent chance - yet on the other hand, if it takes us a few months before we are even able to get down to $6,666, then at that point, $6k would become a very likely double bottom... and we's not be going below dat... without a really BIG ASS battle.

I think sub $10,000 is obviously possible. All the way down to $2,500 though? Near impossible for me buddy, too many people would be having a feast on coins valued at around $4000 - $5000.

I'm still waiting for the double digits I was promised here back in 2014. Is 2018 the year?