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

[scum]

https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford

This poor slob claims he came across btc in 2009, that his 'math is trash' so he couldn't grok the whitepaper so it's a bubble because other things were bubbles too

My math is trash, so the Bitcoin white paper made no sense, but I still tried to mine a few coins, without success. I didn’t like wasting my Mac’s central processing unit cycles on folly, so I shrugged the whole thing off.

LOL Mac? As in Apple Macintosh? The guy's obviously a clueless luddite.

Perhaps he should stick to writing. Maybe there's a tabloid hiring somewhere.

 

As far as I know there was only a windows wallet available for bitcoin in its early days, no mac wallet. Perhaps he was running windows in a virtual machine on his mac, but his story sounds fishy.

All the 2009 wallets are shown on these two pages, and there doesn't appear to be a mac wallet there.

https://github.com/bitcoin/bitcoin/releases?after=v0.2.11

https://github.com/bitcoin/bitcoin/releases?after=v0.2rc2

[Last of the V8s]

perhaps he's ironically pointing out that Bloomberg is utter garbage

[bitChipper]

https://www.bloomberg.com/news/features/2018-03-09/bitcoin-is-ridiculous-blockchain-is-dangerous-paul-ford

This poor slob claims he came across btc in 2009, that his 'math is trash' so he couldn't grok the whitepaper so it's a bubble because other things were bubbles too

Lol at that guy, the way he wrote the article seems like he is just trolling the entire community...

where do these people come from? they only want to come out and trash bitcoin when prices are down and they can talk about how they are laughing at us.

[HairyMaclairy]

What is happening guys?

Everyone is talking about gox??

Why are we going down?? This is hell not good..

How are you ever going to be rich if you don’t buy into the dip?  Just plan ahead so you still have firepower left if it keeps falling.

You should probably stop giving advice. It's been bad

It’s as good as free advice gets.  I’m telling people to start buying cautiously at 57% below ATH but hold back fiat to cover it going lower.   There’s nothing wrong with that.  

You will recall our conversation from two days ago when I said I had FOMOed back in at $6500 and $8500.  Well here are again.   I’m done buying at $6500 and $8500 but I will definitely be buying again sub$5k if we get there.

12 hours later when we are now just above $9k my advice to start cautiously buying at $8500 seems to have been ok.

[Searing]

What is happening guys?

Everyone is talking about gox??

Why are we going down?? This is hell not good..

How are you ever going to be rich if you don’t buy into the dip?  Just plan ahead so you still have firepower left if it keeps falling.

You should probably stop giving advice. It's been bad

It’s as good as free advice gets.  I’m telling people to start buying cautiously at 57% below ATH but hold back fiat to cover it going lower.   There’s nothing wrong with that.  

You will recall our conversation from two days ago when I said I had FOMOed back in at $6500 and $8500.  Well here are again.   I’m done buying at $6500 and $8500 but I will definitely be buying again sub$5k if we get there.

12 hours later my advice to start cautiously buying at $8500 seems to have been ok.

Till we get to 11k again and the mt. gox trustee dumps (500 million down ...1.5 billion to go!) this could get really really old a yo/yo from say 11k to 8k rollercoaster......

ADDED:

here is the link

https://www.newsbtc.com/2018/03/09/trustee-triggers-second-major-bitcoin-price-crash-related-to-mt-gox/

[xhomerx10]

It’s one of the things that living in the UK is shit for, not being able to carry a gun. WHEN bitcoin moon’s I’m moving to the US & will amass a huge Arsenal of weapons for shit’s & gigs.

To wit, this is one of the reasons I legally conceal carry whenever I leave the house. There are enough people IRL that know what I'm (approximately) worth, and I consider concealed (or open) carrying as insurance against a possible $5 wrench-attack.

In my countys news, like an hour ago, they told us that even common objects like a pen are good to defend against an attacker with a knife, can you belive that? Good luck, lol. Can't make that shit up.

Or were they talking about a pen shot from a gun?  

  Tactical pen;  made from titanium and fitted with a thumb grip... Reasonably priced too!

[jojo69]

why did we stop after 2 nukes again?

[Last of the V8s]

why did we stop after 2 nukes again?

wat

[JayJuanGee]

dude

you're fucked

It seems like almost any of us can get tempted into selling a bunch of BTC when the price is dropping so fast..

When it is happening, it seems like no bottom, and after about the third or fourth leg down, you can become so fucking tempted to sell - and that frequently can end up being the bottom.

But, yep, could be that the bottom is in.. .  I hope so.  Probably we need to wait for 20 more hours or so, just to be clear that all of the dumpers have had their dumping go at it... and to ensure we are actually done with the dumping, this time around.

Currently, i do have a sense that the dumping is not over, yet.. but what do I know?   

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Maybe you have trained yourself into being a kind of bot?   hahahahahha

Very difficult to keep emotions out of trading... even when you know better...   Always very tempting to sell on the way down and to buy on the way up, which is the opposite of what peeps should be doing when they want to be profitable with a long term bullish asset, such as bitcoin.

[HairyMaclairy]

Till we get to 11k again and the mt. gox trustee dumps (500 million down ...1.5 billion to go!) this could get really really old a yo/yo from say 11k to 8k rollercoaster......

ADDED:

here is the link

https://www.newsbtc.com/2018/03/09/trustee-triggers-second-major-bitcoin-price-crash-related-to-mt-gox/

Totally agree which is why I have stopped trading.  There’s no established trend to work with.  Good for bots and ladders but those have their own risks. 

[jojo69]

why did we stop after 2 nukes again?

wat

Smug ass Nipponese legal shenanigans are pissing me right the fuck off.

[Rosewater Foundation]

why did we stop after 2 nukes again?

wat

Smug ass Nipponese legal shenanigans are pissing me right the fuck off.

It's possible the man just didn't realize the carnage he was unleashing.

[Rosewater Foundation]

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??

No. You seem to be in league with plenty of other whining scared ninnies.

If he dumps, there will be a downturn. Then he will be incapable of further dumping. And Bitcoin will resume its destined upward climb.

Can you get inside his head? Sure, if you can get inside his head, you can sell (relatively) high and rebuy at the nadir. Can you bribe him? No? Then the only known winning strategy is hodl.

I don't whine, you shitcoin shill. I hodl, and I complainl. It's a strategy.

[Last of the V8s]

Till we get to 11k again and the mt. gox trustee dumps (500 million down ...1.5 billion to go!) this could get really really old a yo/yo from say 11k to 8k rollercoaster......
ADDED:
here is the link
https://www.newsbtc.com/2018/03/09/trustee-triggers-second-major-bitcoin-price-crash-related-to-mt-gox/

The spin on that article is criminally fud-dy. Yesterday's news served up as if it might happen today.

[JayJuanGee]

Selling under 10k. Sheeeeeeeeeeeet that’s not good. Why do such a thing?

Well again bitcoin is a small part of my portfolio. But because every technical indicator is flashing red. No I'm not a big believer in technical analysis. But when ALL of them signal red at the same time. Well that's not great. Basically that up trend we were all enjoying since the beginning of February is completely obliterated. Signaling that this is was all a protracted bull-trap and the trend from before February is the real trend. Additionally you should understand that 9,000 dollars is a GREAT price for me. The 9,000 that is depressing to you is god damn amazing to me. It is beyond what was even my even most fanciful wildest dream. Look at my account profile. I've been here since 2010. This profit that I just took is enough to retire on. If I leave it in bitcoin maybe it goes really really low and I have no retirement, I have to go get a damned job.

Sounds like you are rationalizing away your lack of foresight.  If it had been so great to sell a bit of your holdings, you had a lot of opportunities to sell on the way up and considerably above $10k...

Now you are just spreading bullshit and selling on the way down in a whimpy and whiny and rationalizing way.  Trying to justify it with us, for what reason?   Do you want others to follow?  Get the fuck out of here.    Take your profits, and be happy, don't try to speak out of both sides of your mouth in an attempt to get guys to do the opposite of what they should be doing.

Haha maybe that's all true on some sub conscious level. Boy, you're a prickly little fella aren't ya?

There is no need for diminutive in order for you to respond to the substance of my assertions.  I have nothing against you, but you do seem to be posting some unnecessary and contradictory nonsense in recent days that seems to be motivated to get folks to do the wrong thing (which is panic sell) based on some possible personal, and not even completely rational decision that you supposedly made to sell.  It's not about me being supposedly prickly, but instead about what the hell reason do you have for posting such seeming provocations?

[JayJuanGee]

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Been there, done that. We should start a club.

Well the rest of us have real jobs. We’re actually adding value to crypto, not just trading like a parasite off the market to pay our bills like fucking losers cuz we can’t get a legitimate paycheck.

I don't see any need to denigrate people who may have found various ways to make money other than your own chosen way.

Yes, there certainly are valid criticisms of financial sector employment, but some of the systematic incentives should not necessarily be held against all individuals who partake in such kind of employment, even though some personalities or types of traders might be more annoying than other types.

I do like to refer to traditional banking institution manipulators as fucktards, so maybe I am contradicting myself to some degree when I attempt to suggest that there are quite a variety of traders and they should not all be lumped together and opposed to your profession (whatever that may be).

[Toxic2040]

We have a real battle for the close of the daily candle. Are the Bull or the Bears going to take it home this weekend?

Look at this beautiful fractal butterfly.

[mymenace]

Whens the next dump kobayashi

[El duderino_]

Breaking 24777$ prediction game      FINAL LIST       

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UPDATE     AND GOOD LUCK         common stay in 5-digits make us happy and slowly go to LIST target    also thanks for the Smerits from time to time   
                                                                                                                                                          maybe not the most technical post this list but nice to see its apriciated by many of you 
                                                                                                                                                           

[pacman7331]

Actually i never feel like selling when its going down. I feel like HODL. I only feel like selling if I’m green. Red? I’d rather die. I’ve done it before and i’m never. Ever. Doing it again.

Been there, done that. We should start a club.

Well the rest of us have real jobs. We’re actually adding value to crypto, not just trading like a parasite off the market to pay our bills like fucking losers cuz we can’t get a legitimate paycheck.

I don't see any need to denigrate people who may have found various ways to make money other than your own chosen way.

Yes, there certainly are valid criticisms of financial sector employment, but some of the systematic incentives should not necessarily be held against all individuals who partake in such kind of employment, even though some personalities or types of traders might be more annoying than other types.

I do like to refer to traditional banking institution manipulators as fucktards, so maybe I am contradicting myself to some degree when I attempt to suggest that there are quite a variety of traders and they should not all be lumped together and opposed to your profession (whatever that may be).

Look at it this way: do you want bitcoin or not? If you do buy, if you don’t sell. But make a choice. I can underetand wanting more fiat in order to get more bitcoin. But using bitcoin to get fiat, is kinda missing the point. 100% trading isn’t good for the market either with your money or time. Its not good for the economy, we need to be producing something of value in the umwelt to increase the value of our coin investments. If we are worthless, so is our bitcoin. Bitcoin can’t be an economy of basement dwellers and whales.