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

[kurious]

Go Tim Draper, go.
"We haven't even found the tip of the ice berg", "This is the most exited I have ever been as an investor, and I was right there at the beginning of the Internet"

https://twitter.com/CNBCFastMoney/status/971151947880419331

Yet we can't even break 12k and I don't see this changing anytime soon.

When traders are taking their profits each time we reach 12k how should we ever exceed 12k?

Your definition of 'soon' is obviously not the same as Time Draper's.  Or mine.   Look back a year, or 18 months?

One of my family said recently 'we are hoping to have a baby soon'.  I don't think she meant 'by next week'

[Globb0]

Instead of disappointed for the drop back down

I am like, cool there are people out there who were happy to buy at 20k$

Its like a future indicator.

[LFC_Bitcoin]

Go Tim Draper, go.
"We haven't even found the tip of the ice berg", "This is the most exited I have ever been as an investor, and I was right there at the beginning of the Internet"

https://twitter.com/CNBCFastMoney/status/971151947880419331

Yet we can't even break 12k and I don't see this changing anytime soon.

When traders are taking their profits each time we reach 12k how should we ever exceed 12k?

Relax noob, this is totally normal. Some of us have been here through multi year bear markets & aren’t panicking. The price was $1000 12 months ago.

[sirazimuth]

PTTS
Post Present Traumatic Trump Syndrome.

ftfy

[mikenz]

Regarding my personal strategy, I have not been shy of sharing it through my more than 4 years in bitcoin as I have employed the strategy and how I have tweaked the strategy over the years.

So get the fuck out of here with your assertion that I am merely blindly holding or that I am a bag holder...

If you are 4 years in Bitcoin, you should be at least millionaire by now. Why are you discussing at crap level in the internet then? Just hire a hitman on that guy for pocket money

[Torque]

So this is getting hardly any coverage? This sounds like it could be a big deal.

https://www.cnbc.com/2018/03/06/bitcoin-exchange-coinbase-launches-the-dow-jones-of-cryptocurrencies.html

[Totscha]

So this is getting hardly any coverage? This sounds like it could be a big deal.

https://www.cnbc.com/2018/03/06/bitcoin-exchange-coinbase-launches-the-dow-jones-of-cryptocurrencies.html

It is a huge deal IMO. This may finally deliver what we hoped the ETF attempts of previous years would bring. Nice!

[LFC_Bitcoin]

So this is getting hardly any coverage? This sounds like it could be a big deal.

https://www.cnbc.com/2018/03/06/bitcoin-exchange-coinbase-launches-the-dow-jones-of-cryptocurrencies.html

It is a huge deal IMO. This may finally deliver what we hoped the ETF attempts of previous years would bring. Nice!

I don’t like or use Coinbase but if it brings in lots of new investors to bitcoin then it’s a really good thing.

[Last of the V8s]

So this is getting hardly any coverage? This sounds like it could be a big deal.

https://www.cnbc.com/2018/03/06/bitcoin-exchange-coinbase-launches-the-dow-jones-of-cryptocurrencies.html

It is a huge deal IMO. This may finally deliver what we hoped the ETF attempts of previous years would bring. Nice!

I don’t like or use Coinbase but if it brings in lots of new investors to bitcoin then it’s a really good thing.

https://stephanlivera.com/2018/03/07/coinbase-creates-an-index-fund/
Summary

On net, this is good for bitcoin in that it helps draw in more investors. But it does unfortunately push a belief or narrative that I disagree with, and I believe it will ultimately be harmful if this narrative is kept alive for too long. In the end, people will be driven by their own greed and price signals towards bitcoin and away from the others. The cream will rise to the top eventually.

For the meantime, it will be: Play stupid games, win stupid prizes.

[Torque]

So this is getting hardly any coverage? This sounds like it could be a big deal.

https://www.cnbc.com/2018/03/06/bitcoin-exchange-coinbase-launches-the-dow-jones-of-cryptocurrencies.html

It is a huge deal IMO. This may finally deliver what we hoped the ETF attempts of previous years would bring. Nice!

I don’t like or use Coinbase but if it brings in lots of new investors to bitcoin then it’s a really good thing.

https://stephanlivera.com/2018/03/07/coinbase-creates-an-index-fund/
Summary

On net, this is good for bitcoin in that it helps draw in more investors. But it does unfortunately push a belief or narrative that I disagree with, and I believe it will ultimately be harmful if this narrative is kept alive for too long. In the end, people will be driven by their own greed and price signals towards bitcoin and away from the others. The cream will rise to the top eventually.

For the meantime, it will be: Play stupid games, win stupid prizes.

On the down side, it is pushing what I believe to be an incorrect narrative. This idea that “we should diversify across crypto assets” strikes me as a category error. It is treating Ethereum, Bitcoin Cash (BCash), and Litecoin like they are a good way to diversify instead of holding one sound money, Bitcoin.

What happens in practice is:

    They’re not really that uncorrelated to each other.
    All altcoins live in the wake of Bitcoin and basically ride its coat tails.
   There is an opportunity cost to holding more ETH, BCH and LTC: You could have otherwise held more BTC.

I especially agree with this point. To me it's like have a portfolio of stocks where I have Facebook stock, as well as 3 other Facebook clones (Google+ anyone?) that were 5-10 years late to the game, that suck and will go nowhere. When I could have just had it all in Facebook.

[jonoiv]

Get the fuck out of here.

You have not made any kind of meaningful response except for implying that we are in a early 2014 rather than an early 2013 type of situation, and you have not even stated that, so I am giving you goofball FUD spreader the benefit of the doubt about what you are claiming exactly beyond mere proclamations.

Regarding my personal strategy, I have not been shy of sharing it through my more than 4 years in bitcoin as I have employed the strategy and how I have tweaked the strategy over the years.

So get the fuck out of here with your assertion that I am merely blindly holding or that I am a bag holder...

Consider the whole matter in context, and I would assert that blindly following some nonsense like your assertion is likely going to cause people to sacrifice coins...

Which coins USD or BTC?

Stop pursuing technical one-liner interrogations, and attempting to imply that you are some kind of all-knowing expert who only speaks in conclusions.  Why don't your respond to what I am saying, and provide some substance, but instead you want to act as if you know something and you don't know shit. 

You should well realize that if people are investing then they are trying to maximize their Bitcoins, so of course, they sell bitcoins in order to acquire more bitcoins.  But whatever, you are not really  wanting to engage in any kind of meaningful discussion except for your supposed insightful hopium driven prediction that bitcoin "probably will" drop to $3k in the near future, right?

i already explained why i assume the price could go as low as 3k based on previous 2 ATH dropping to 15% of peak.  As i already stated i don't care where the price goes as long as i make good choices.  On my last trade this time i sold on 5th at 11500, happy to buy back when the time is right by my best guess.  Yes it's all guess work, based on the best info i have, and -probably- by my best estimation the bear market is not over yet.  

I also assume when you speak about the S curve you mean a lower case s

I have not mentioned s-curve recently.  Either you are a bot creating automated responses or you are getting me mixed up with someone else. 

Sounds to me that part of your objective is to post in order to try to push the price down since you already sold, and therefore you are talking your book.

In regards to my book, if you have never really read my posts, my practice is to buy as the price goes down and to sell as the price goes up.  So I have buy orders already set nearly down to $3k; however, like I already said, I am not very optimistic about them filling on this particular correction.  So, if i were going to sell, I have mostly already done it, but I don't really care that much which way that the price goes in the short term, even though I am assuming that in the long term it is quite likely to go up... but even if it only goes up a little bit that is fine with me.  Any kind of s-curve adoption, as you suggest would surely be icing on the cake since I have already established decent profits even if BTC prices do not go up very much.

Bitcoin seems to be in an s-curve adoption phase, and sure there are going to be severe ups and downs along the way, and sure some folks are going to make short-sighted gambles, especially those who have been shorting since either $2,600 or $250 for that matter.. a lot of those shorters have been getting r3ckt.

Good luck with your short or your sale, if you are calling bitcoin as either a bubble or expecting any kind of long term crash, such as the 1929 stock market situation.

Well here is a quote from you the day of the start of the crash Dec 17th 2017.  You accuse me off being a fudster, and that I can lose people money by calling it one way.  Just because my outlook is different from yours.

Don't do that... just as much as you seem to be a blind believer, I will always be slightly skeptical, and will always be bearish for long periods, that's just the way I am built, personality wise, and if you're honest, I bet you are an optimist personality wise.  I also see the potential pitfalls of bitcoin, and really don't trust that it's invincible, and because of the way I am I will focus on those.  Just because you think my best guess of 3k or 4k at some point in the not too distant future is not realistic you call it FUD.  

It's not FUD, it's an informed opinion, i'm just sharing my ideas in the similar way you have way you have.  I advised many friends who were very eager to buy around 15 - 19k not too, I have saved them a fuck ton.


just 2 things on you comment from back then.  those getting REKT will have got destroyed with just a small change of price (Either direction), it's nothing more than gambling at those leverages.  And whether or not there was a long term or short term crash, it crashed all the same to 30% of ATH.  you're inferring in your statement that to short at almost 20k was a bad idea... well it was a pretty smart move.

don't call me a fudster just because you don't like my take on the situation or because i have been wrong in the past, because so have you.

[xhomerx10]

Bag holder. Patent pending.

I'll take "People who play too much Assassin's Creed" for $1000 please Alex.

[Last of the V8s]

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

[LFC_Bitcoin]

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

It’s good to know where all the selling came from though (if true).

[julian071]

Will the bearwhales attack 10k again this weekend? I'm gambling on 'yes' by putting up a low buy order. If that doesn't get filled, fine too.

[Nuru]

BTC Dominance is up to 41.6% now - do you guys think it will hit 50%?

I think more than that dude. Bitcoin will hit $13000 again for this month.

I agree that dominance of Bitcoin will grow a lot in near future, but i'm not sure if it will hit 13000$ in Q1, more likely in Q2.

[Torque]

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

It’s good to know where all the selling came from though (if true).

If that was true, then we should all rejoice. That much bitcoin waiting to be liquidated was always going to remain a Sword of Damocles over the market until it happened.  Now that it's behind us, blue skies!

[Searing]

Will the bearwhales attack 10k again this weekend? I'm gambling on 'yes' by putting up a low buy order. If that doesn't get filled, fine too.

well..could it be the mt. gox trustee? just dribbling out stuff....(only 1.5 billion dollars to go)

https://www.financemagnates.com/cryptocurrency/news/mt-gox-trustee-liquidates-massive-amount-btc-bch/


we could go 'sideways' in price for a 'long time' if that is the case (or worse if they flub it)

[Ibian]

Heading south for the rest of the winter. Was going fucking stir crazy just sitting at home waiting for it to get warmer.

Currently sitting in Doha airport, Qatar, and I gotta say, it's a hell of an airport so far as airports go. Had a 14 hour wait for my next flight so I'm writing from a hotel room inside the airport (kinda expensive, but worth it under the circumstances - also comes with access to a gym and pool).

But the most impressive part to me was the books on sale in the shops. They have things like the marshmallow test, rich dad poor dad, what if by the xkcd guy, fire and fury and even nordic mythology which is always a nice surprise.

I ended up buying the art of war by master Tzu (old one is tattered and needs replacing), the eternal tao te ching by a different master Tzu (gotta keep the theme going!), how to win friends and influence people by a certain Carnegie, manual for the warrior of light by the same guy who wrote the alchemist because it was buy 3 get 1 free, and the networking book (from another shop).

Another hour to go, then a 6 hour flight and then it's time to relax in the sun until the snow back home clears.

[jojo69]

Some good news:  owner of the ASIC Boost patent has licensed it to the Blockchain Defensive Licence.  

https://bitcoinmagazine.com/articles/there-bitcoin-patent-war-going-initiative-could-end-it/

That IS news.

Depending on how that plays out I might even entertain the notion of rolling back segwit.

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

this...this is huge news if true...wow