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

[vominhtri1611]

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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[bitserve]

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.

[Last of the V8s]

A major dump could make PSAR flip to bearish in quick succession, for the 1h, 2h, 6h and 12h time frames.

[Torque]

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.

The momentum traders that heavily piled in back in Oct./Nov. '17 really distorted things in the short term. I.E., distorted the long term log growth and price/performance expectations. And something tells me that was completely intentional.

[EatonABooger]

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?

<snip>

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 am almost 99% sure it has NOT been priced in.   When we know ETF(s) are for sure, or at least one has been givin approval, it's going to get crazy.
Here is my delima:  I have 30+ years of retirement "locked up" in the company 401k.   I cannot get out of this 401k since my employer has a contract with the custodian (Fidelity).  The only way out is to quit and roll over to another custodian or do the self-directed 401k thing.

Anywho, here is the predictable scenario I see playing out....
1. ETF is approved (or enough insiders know it is approved that it becomes obvious).
2. price of BTC skyrockets ahead of the ETF offering.
3. ETF becomes available to us "working stiffs" after the huge price spike.
4. I will continually kick myself for not getting my 401 funds in a position to capitalize on the "very predictable" future.

I am so sure of this playing out, I feel the irresistable urge to either quit my employer or take the penalties and remove the 401k funds from the program.

[Toxic2040]

You guys may die of complete boredom in the interim.

I failed to realize you are so cruel...  /s

But I want my Lambo noooooooooowww!

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

Finding validation in what we have been charting along the micro scale vs macro, that correlates with the overall trend line is very satisfying indeed.
Game, set, match. 70k+ath 2019...Lambo enough?

[bitcoinPsycho]

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.

in the meantime here's something to look at

[mike4001]

I think we've had enough consolidation for now. Let's move on up.

Thank you for asking.

I just flipped the switch to "up"

[STT]

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.

Well sure houses cost but that looks like a cheaply made one in a hurricane area on the coast.   Alot of DIY required if you wanted a cheap place to live on that one.    Alot of maintenance is about not letting it rot, if you live there its not as big a job or unfamiliar as fixing a v12 engine might be.   A cost of time and labour certainly.   Any asset costs in insurance and BTC is a secure system so that maybe thats a good point in its own favour (vs costing of banks etc).

However to say BTC costs nothing is clearly not the case, the miners have great costs ongoing.    Its stated as a real problem or a great influence in future price fundamentals.   The future of BTC relys on technology and energy efficiency to some extent.    Some will say POS will win the war vs POW because its cheaper.
I do think every economy is driven at its heart by efficiency, every price you can ever think of will be undercut by a competitor in a free market.  They undercut using efficiency and scales of economy.   So who is the threat to Bitcoin when considered this way.  Dollar is not efficient imo but there is other FIAT

I was saying this on the Petro thread, not sure who that OP is exactly.  Forget your enemies and the sanctions whatever is targetted as the problem.  A bad economy will destroy itself from within like a wheel with bad bearings.   I do expect BTC has to keep improving to enable growth which allows miners to keep making a profit, it cant be ignored. We sink if we dont swim


https://news.bitcoin.com/venezuela-orders-government-services-to-accept-any-cryptocurrency/

Let Ripple cripple for a while. Banky coin does not want to die

20000pages  is coming ,hope when the 20000 pages coming with the price of $20000, that will be awesome.

Have faith, never underestimate the power of the Wall Observer Thread

coinbase ripple listing. Is it true? If the price will fly high

Thing with Ripple is there is always more supply the company has available in a queue waiting to release.    Price transparency is not there, its like sailing with icebergs or something.    Market cap will rise perhaps but it'll remain mostly under central control of 'the company'.     One for the fast footed traders to worry about, I'm out

[Toxic2040]

Thank you for asking.

I just flipped the switch to "up"

+10 WOsMerits

[mike4001]

Thank you for asking.

I just flipped the switch to "up"

Well sheeit. Looks like I'm gonna have to make me some popcorn.

Things are starting to look interesting.

You can thank me later.

Please send donations to my Bitcoin Pizza address.

[mike4001]

lol

130 BTC sellwall @bitstamp

Someone wants to see the price go up for a change.

[jojo69]

oh my

[Karartma1]

Nice! I have a free hour: I'll do myself a Mature Cheddar & Ham Sandwich, I'll grab a beer and I will watch the charts. My bank wire came a few minutes ago. Let's have fun. 

[Toxic2040]

oh my

You can thank me later.

Please send donations to my Bitcoin Pizza address.

I tweeted this but just have to share here...too funny. Cant make shit up like that.

[Arriemoller]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

I have seen RPG:s for sale in Georgia in the 90s.

[Searing]

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?

<snip>

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 am almost 99% sure it has NOT been priced in.   When we know ETF(s) are for sure, or at least one has been givin approval, it's going to get crazy.
Here is my delima:  I have 30+ years of retirement "locked up" in the company 401k.   I cannot get out of this 401k since my employer has a contract with the custodian (Fidelity).  The only way out is to quit and roll over to another custodian or do the self-directed 401k thing.

Anywho, here is the predictable scenario I see playing out....
1. ETF is approved (or enough insiders know it is approved that it becomes obvious).
2. price of BTC skyrockets ahead of the ETF offering.
3. ETF becomes available to us "working stiffs" after the huge price spike.
4. I will continually kick myself for not getting my 401 funds in a position to capitalize on the "very predictable" future.

I am so sure of this playing out, I feel the irresistable urge to either quit my employer or take the penalties and remove the 401k funds from the program.

That and Tether....that has been priced out IMHO...people forget....thus the price rise...that unfortunately can still come back and bite us....I'm afraid

resolve Tether in some manner...so the market knows...and have ETF....then zoom IMHO...(good/bad/too fast ..it will zoom at that point)

anyway, hopefully, tether has all caught up on their books now with cash out at the high and buy back the BTC needed to cover at the low...or how I'd do it

always something..always drama with btc

[HairyMaclairy]

Long / shorts ratio steady at 2.05, on the slightly bullish side of the ledger. 

[HairyMaclairy]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

I have seen RPG:s for sale in Georgia in the 90s.

I guess it was naive of me to think that civilians don’t need RPGs and that they would be illegal.  I may need to up the ante slightly and check whether short range ballistic missiles are permissible for US civilians under the second amendment.

Edit:  this looks promising. Justice Scalia saying the second amendment applies to hand carried weapons so Stinger anti-aircraft missiles may be protected.  It’s great to know that I can express my second amendment rights by bringing down civilian airliners.  I guess we can defend ourselves against the black helicopters after all.

https://www.economist.com/blogs/democracyinamerica/2012/07/gun-rights

[Dakustaking76]

Where is realroach? Did he died