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Question: May 18 Bitcoin Closing Price (Stamp):
$0 - 1 (0.7%)
<$5,000 - 7 (4.6%)
$5,000-$5,500 - 2 (1.3%)
$5,500-$6,000 - 0 (0%)
$6,000-$6,500 - 5 (3.3%)
$6,500-$7,000 - 15 (9.9%)
$7,000-$7,500 - 17 (11.3%)
$7,500-$8,000 - 24 (15.9%)
$8,000-$8,500 - 18 (11.9%)
$8,500-$9,000 - 15 (9.9%)
$9,000-$9,500 - 10 (6.6%)
$9,500-$10,000 - 7 (4.6%)
$10,000-$20,000 - 16 (10.6%)
>$20,000 - 14 (9.3%)
Total Voters: 151

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21167033 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. (23 posts by 12 users deleted.)
Torque
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March 05, 2018, 03:35:36 PM

The price rising from below $8,xxx to seemingly finding support at $10,xxx & now stabilising above $11,xxx is very bullish imo. I think we could soon be moving back into the teens.

Dat bitcoin!

BTC

When Lambo!?  Grin

Soon my friend.

$100,000 by 2021 Q3



I think you'll find its 2019

Even if by 2021 (Oh the horror!), would literally crush all other appreciating assets
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March 05, 2018, 03:44:14 PM
Merited by Torque (1), bitebits (1)

Hate to be boring but you dont want a Lambo.  Its a depreciating asset with limited utility worth and high cost to maintain and insure.    A smart guy buys property which has utility worth and hopefully far smaller percentage costs.    Worst thing to do is to take an appreciating asset like crypto where you got lucky to be in the right sector at the right time and switch into something that loses you money and makes you poorer over time.    

Some time in the future this wont be the hot sector any more, it'll just be another sector thats idling with various people doing work perhaps but it'll come off the boil and not be as exciting.  Thats just market development, standard capitalism I guess.  Thats presuming it is a real market, we benefit from those who still wont recognise or compete in crypto and leave the spoils for others.      
Like Warren Buffet says gold is trash we take from ground and put back in the ground, no worth.  However gold has performed better then his results of the last 18 years apparently.   So he missed the picture somewhere, probably a similar dynamic occurring with crypto.   It wont always be true, Buffet won the last five years vs gold.   Ditto Crypto, it wont always the hot stock hence I wouldnt buy that lambo tbh :p  or anything that silly, I'd rather put down the deposit on the house I need




Regular staircase pattern of rising price in BTC.    Theres an obvious double top situation to contend, so obvious its a magnet like effect.  11788 upper and 11259 as a baseline to measure strength.
Torque
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March 05, 2018, 03:53:24 PM
Last edit: March 05, 2018, 04:06:30 PM by Torque
Merited by BobLawblaw (1)

Like Warren Buffet says gold is trash we take from ground and put back in the ground, no worth.  However gold has performed better then his results of the last 18 years apparently.   So he missed the picture somewhere, probably a similar dynamic occurring with crypto.   It wont always be true, Buffet won the last five years vs gold.   Ditto Crypto, it wont always the hot stock hence I wouldnt buy that lambo tbh :p  or anything that silly, I'd rather put down the deposit on the house I need

Agreed. Warren also took a huge silver position one time, but then sold it off about 4 years too soon. Wink

Ten years ago, ol' Warren also slammed Google as a good investment, claiming that he had no way to correctly valuate Google and so wasn't going to invest a dime (six years ago he put his money into IBM instead). Now ten years later, he's going around saying how badly he misjudged Google and "missed the boat." He barely got out of his IBM position without taking massive losses.

Now he is singing the praises of Apple... about a decade too late (just like he did with IBM).

It seems that with technology, ol' Warren is always "a day late and a dollar short". Will he be eating his words on Bitcoin too in 5-10 years? Only time will tell.
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March 05, 2018, 03:59:29 PM



Which path shall it be?
As shown by the flattening of the MACD, the market is undecided. If you look at the spacing between the Feb dip and the one towards the end of the month, you can see that it makes more sense if the wave structure is further "apart".
I personally favor the Kessel run in under twelve parsecs(fig. 1) over Red Route One(fig. 2) but thats just me.
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March 05, 2018, 04:11:08 PM



Which path shall it be?
As shown by the flattening of the MACD, the market is undecided. If you look at the spacing between the Feb dip and the one towards the end of the month, you can see that it makes more sense if the wave structure is further "apart".
I personally favor the Kessel run in under twelve parsecs(fig. 1) over Red Route One(fig. 2) but thats just me.


Its an interesting price point at the moment. It was the start of the crazy back in DEC 6th. Tested in January multiple times and finally failed on the 28th. Tested again and failed Feb 20th and now testing again.
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no FOMO


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March 05, 2018, 04:19:08 PM

B'awb

what is that on the horizon?
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UNLEASH THE FURY!


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March 05, 2018, 04:25:28 PM

B'awb

what is that on the horizon?

(l'ol at B'awb...  B'audiploblaw?)

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March 05, 2018, 04:32:39 PM

Its an interesting price point at the moment. It was the start of the crazy back in DEC 6th. Tested in January multiple times and finally failed on the 28th. Tested again and failed Feb 20th and now testing again.

Funny that you mention that..  More data. This really sharpens and connects things imo. #dyor

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March 05, 2018, 05:01:52 PM

Good morning Bitcoinland.

Still going sideways I see... currently $11520USD/$14942CAD (Bitcoinaverage).

I think we've had enough consolidation for now. Let's move on up.
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March 05, 2018, 05:05:40 PM

A smart guy buys property which has utility worth and hopefully far smaller percentage costs.

A house can cost a surprising amount of money to maintain, and this is the result if you don't keep spending money on it.



Bitcoin costs nothing to maintain. Keep hodling long enough and it will give you a good return.
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March 05, 2018, 05:17:51 PM

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.

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yes


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March 05, 2018, 05:37:56 PM
Merited by itod (1), bitebits (1)

I can wait.
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HODL.


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March 05, 2018, 05:39:32 PM

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.



What timeframe are you talking about here? Months? Years?
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March 05, 2018, 05:40:53 PM

A major dump could make PSAR flip to bearish in quick succession, for the 1h, 2h, 6h and 12h time frames.
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March 05, 2018, 05:42:25 PM
Merited by Torque (1)

Torque's patented accumulation timer.

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March 05, 2018, 05:42:46 PM

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.


But I want my Lambo noooooooooowww!

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March 05, 2018, 05:43:35 PM

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.



What timeframe are you talking about here? Months? Years?

Could be 8 months to a year. Note that I'm not saying the price won't move up during that timeframe, but just don't expect another 5x or 10x in 3-5 months. We'd be lucky to be back to $20k by year end. A gradual +5-8%/month is probably more like it.

The only thing that could rapidly change the game at this point, is something uber bullish like an ETF approval. I don't feel like that has been "priced in" yet.
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March 05, 2018, 05:46:23 PM
Merited by infofront (1), ErisDiscordia (1)

B'awb
what is that on the horizon?

Planet: Arrakis

B'awb, being summoned by the council, angrily slams down his frosty Caledonian Ale.

"Who the fuck do they think they are, Riq ? Can't a Fremen Scout just retire in peace ?"

"I don't know what to say, B'awb. The council seems to believe you have the gift of foresight. I... think you have the gift of foresight..." as Riq winks slyly at B'awb.

Resigned. B'awb suits up, leaves behind the thumper - not being in any mood to attract worms today - and makes his way to the surface; optics in hand.

Greeted with clear skies, and a soft cooling breeze, B'awb brings the optics to his eyes, and scans the landscape.

Wormsign. It's a small one. Traveling perpendicular to the camp, and posing no threat. B'awb notes this small worm is not burrowing very deep. An uneasy feeling suddenly grips B'awb.

"Could it possibly breach and take a bite at one of the passing Ornithopters hovering around $12k, before retreating back into the sands."

B'awb returns to the cool caves below, grabs a fresh Caledonian Ale, ignites and inhales deeply "The Herb of Life", and begins cross-referencing recent lightning strike nodes.

"So, anything we should worry about B'awb ?" asks Riq, as he nibbles on B'awbs ear.

Weary and uninspired, B'awb replies "No Riq. Let's go back to our chambers and catch up on J'rey Spring'R episodes. I'm going back to bed. If the council asks for me again, tell 'em I've gone fishing or something..."
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March 05, 2018, 05:52:37 PM

Gaining merit is too much hard, that's why they were to trying to make a tricks.
yea, gaining merit is too much hard. And to me, giving merit as if I agree or like some opinion of a post, the same point of view with me, have the content build positive, merits is not only for useful or constructive posts, becuase there will be subjective point of view based on the giver of merit, so lets just continue using forum and learn a lot, but dont put "getting merit" as your main reasons, just let it flow, merits will come later if you give your time and energy to contribute to the forum. So I hope we are learn more knowledge about bitcoin and help each other to make this forum a healthy playground for bitcoin enthusiasts and cryptocurrency.
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HODL.


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March 05, 2018, 06:05:00 PM

Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.

You guys may die of complete boredom in the interim.



What timeframe are you talking about here? Months? Years?

Could be 8 months to a year. Note that I'm not saying the price won't move up during that timeframe, but just don't expect another 5x or 10x in 3-5 months. We'd be lucky to be back to $20k by year end. A gradual +5-8%/month is probably more like it.

The only thing that could rapidly change the game at this point, is something uber bullish like an ETF approval. I don't feel like that has been "priced in" yet.

I see. Well, an average of 5% monthly increase would keep me very happy. But I see your point, that's not what we are used with Bitcoin with its periodical short term doublings on doublings and an occasional halving here and there.

It would make for a different experience... I am open to it if such were the case.
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