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

[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?

[orpington]

... 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?

$2500 probably not - - - $4000 .....maybe

[JayJuanGee]

[edited out]

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 think that you and I are largely on the same page (or at least in a similar part of the chapter), if not based on close but slightly differing rational... I did edit my earlier post that you quoted and add a bit of language based on subsequent posts that I read after my initial response to you.

[Asrael999]

Just remember that in early 14 the consensus was that it would never go below the flash $380ish bottom of late December 13, (proportionally to the recent high roughly $6000 today). We went below it in April 14 and it was broken properly in 3Q14 eventually hitting a bottom at $160ish (2.5k proportionally to the recent high) and didn't get back above it until 2016 rolled in.

Never say never.

[BlindMayorBitcorn]

One minutes later...

[UnDerDoG81]

... 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.

Sounding that sure, I guess you guys sold all your coins @ 11.9k and buy back @ 3k right?

[JayJuanGee]

Just remember that in early 14 the consensus was that it would never go below the flash $380ish bottom of late December 13, (proportionally to the recent high roughly $6000 today). We went below it in April 14 and it was broken properly in 3Q14 eventually hitting a bottom at $160ish (2.5k proportionally to the recent high) and didn't get back above it until 2016 rolled in.

Never say never.

Don't be fucking goofie.. because I doubt that very many posters are asserting "never" here, but I think that many of us are asserting that the odds are much greater that we are in an early 2013 type scenario rather than in an early 2014 type scenario... ... so yeah, sure as fucking hell we could end up being in an early 2014 type scenario right now, but merely because something is likely, it is much fucking more prudent to be planning on what seems to be the more likely scenario rather than the less likely scenario...
 
On the other hand, if BTC prices go below $6k and stay there for a considerable time, or some other facts change, then yeah, at that point, it becomes more likely that we had been in an early 2014 like scenario rather than an early 2013 like scenario.. but it remains way too premature to be calling the more bearish scenario as if it were the more likely scenario when it currently remains the less likely scenario that probably every fucking one of us concedes is within the realm of possibilities, even though some folks are prematurely attempting to call the less likely scenario as if it were the more likely scenario,which also comes off as FUD spreading rather than attempting a realistic discussion.

[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

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

woops i let my ideology show for a sec. i try not to have those discussions itt

[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.

woops i let my ideology show for a sec. i try not to have those discussions itt

MoA has become a monster. I expect more from you.