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

[scum]

The fact that bitcoin is sound money trumps everything; adoption, payment networks, umwelts, all these buzzwords newcomers bandy.
This shit is real money and it will absorb all the capital there is, with or without us.

This illustrates how sound bitcoin is as money.




It was posted earlier on, but the more people see it the better.

[infofront]

There may be a more decent market incentive to shake some the altcoin and ICO trash.

As can be seen by the Bitcoin Dominance figure, this seems to be happening to some extent.

Sometimes we can see this kind of dynamic in the total coinmarket cap, and then we might get a kind of false sense that "it's happening" this time for sure, and then suddenly the alts and ICOs get pumped again.

Maybe this time it is for real?  Even though ICOs and alts have been getting quite a bit of negative press recently, there still seem to be a lot of gullible peeps out there who are willing to buy into "supposedly cheaper" coins.

I think that I need a quite a long death spiral before I believe that the alts are not going to just parasite their way back onto any bitcoin recovery that might happen in the near future.  in other words, it really seems that we might need a kind of long term blood in the streets before the parasites will release their grip on our bitcoin host... and I am not referring to bcash here as even close to serving as an arguable "host", because I consider them to be included in the parasite camp.

I think the more prolonged the bear market, the more potential for bitcoin to gain vs. the alts. BTC is better positioned to win a brutal war of attrition in which new resources coming in are limited.

Without new kids bringing their allowance and lunch money into the market every day, hoping fpr a "10 bagger", Dentacoin and Electroneum will fade away. Ethereum and Bcash may fare better, but their market shares will slip significantly vs. the master.

[Torque]

Without new kids bringing their allowance and lunch money into the market every day, hoping fpr a "10 bagger", Dentacoin and Electroneum will fade away. Ethereum and Bcash may fare better, but their market shares will slip significantly vs. the master.

Or how about these crypto kiddies actually doing some reading to discover why Bitcoin was invented in the first place?

It certainly had nothing to do with it being a sure "10 bagger". It had to do with changing the world.

None of their shitcoins come even close to such aspirations (nor will they ever be used for anything. Like ever.)

I could have a whole portfolio full of penny stocks, but the likelihood of any of them being the next Google or Amazon is still zero.

[Biodom]

BTC is better positioned to win a brutal war of attrition in which new resources coming in are limited.

Giant sequoias actually require periodic fires to get rid of the inhibiting underbrush and provide some minerals for growth.
They do bare scars though, but it does not prevent their growth.

[Last of the V8s]

@whatbitcoindid Mar 8 https://twitter.com/whatbitcoindid/status/971820165347397633

#FUD needs a nemesis.
I give you #COD - Certainty, Optimism and Determination.

[sirazimuth]

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

  maybe I'll check availability at penisland....
oh wait a minute... titanium? maybe not... they specialize in wood .  (but with a thumb grip, no doubt)....

[HairyMaclairy]

[josephpogi]

Hold on the rocket will go to the moon again .

[Baoo]

When bitcoin has reached to 19K, many people (users) expected that this currency will have a brilliant future, but unfortunately, it went reverse all expectations and their price fell significantly to 9k  .
Now many expect that bitcoin will fall, therefore, it will go contrary to expectations and it will rise with a big quantity  .

[Rosewater Foundation]

I called all your advice bad and I feel bad.
Water under the bridge?

[Biro Bob]

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK 
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01....                                                                                                           

Please could you add the open close price ranges next to the sad faces going forward so we Get an idea of price and trend. A bit like a textual chart buddy. Ie (8500 - 9200)

It doesn’t need to be exact, just an approximation for historical value..

I realise it’s extra work... but just thought it would be a nice touch....

Thanks.

[Biro Bob]

The fact that bitcoin is sound money trumps everything; adoption, payment networks, umwelts, all these buzzwords newcomers bandy.
This shit is real money and it will absorb all the capital there is, with or without us.

I agree. I just feel bad that it’s being stockpiled by smart and wealthy investors who are using big waves to scare new and not so wealthy (or smart) investors into losing money by panic selling. And they’ll keep on doing this till they have the Lions share of the coins..... then do it again....

[gentlemand]

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK 
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01....                                                                                                           

Please could you add the open close price ranges next to the sad faces going forward so we Get an idea of price and trend. A bit like a textual chart buddy. Ie (8500 - 9200)

It doesn’t need to be exact, just an approximation for historical value..

I realise it’s extra work... but just thought it would be a nice touch....

Thanks.

Soon those bright-eyed optimists will peter out and we'll be heading into the icy wastes of later in the year and next year. It's just like Voyager 1. Those predictions get awful sparse awful soon.

[Rosewater Foundation]

Breaking 24777$ prediction game      FINAL LIST        

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK  
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01....                                                                                                            

Please could you add the open close price ranges next to the sad faces going forward so we Get an idea of price and trend. A bit like a textual chart buddy. Ie (8500 - 9200)

It doesn’t need to be exact, just an approximation for historical value..

I realise it’s extra work... but just thought it would be a nice touch....

Thanks.

Soon those bright-eyed optimists will peter out and we'll be heading into the icy wastes of later in the year and next year. It's just like Voyager 1. Those predictions get awful sparse awful soon.

Secret reason I didn't partake, my pessimistic prediction would have pooped the party.

[HairyMaclairy]

I called all your advice bad and I feel bad.
Water under the bridge?

It’s cool bro.  No homo. 

[Toxic2040]

The constant flights of fancy that you guys come up with to speculate on never ceases to amaze me. Have you considered the fact that perhaps the objective was to do exactly what was done. To stress test the open market so as to gauge the response of trade algorithms or even the exchanges themselves? Instead of bitching and moaning oh noes, bitcoins only 9.3k..its dead. Maybe you should be thanking Kobayashi san for showing restraint and wisdom for not putting us all on the floor. Regardless of what it was, Bitcoin seems to be handling it well enough. It doesnt really matter anyway because the HoneyBadger dgaf.

[dmwardjr]

I've placed WHITE Text Bubbles on the chart BELOW this Wyckoff Accumulation Schematic #1 to reveal remaining events before confirming a "Leg Up" episode; providing our analysis is correct when comparing to this image of a Wyckoff Accumulation Schematic #1:

NOTE:  Do NOT assume the price action must play out exactly as depicted in the schematic below.  The schematic is ONLY used as an EXAMPLE to show EVENTS to take place within the schematic; NOT that the price action of those events must be exactly as depicted in the following:





It's VERY POSSIBLE we hang out to the side for a while BEFORE actually fulfilling the EVENTS shown with WHITE text bubbles. If it did this (which I've seen before) it would be a mixture of Accumulation Schematic #1 and #2.

The FULL PUBLICATION can be followed here:  https://www.tradingview.com/chart/BTCUSD/3sDcSYz9-It-SHOULD-Be-Clear-By-Now-We-Have-LIKELY-Found-Bottom-Not/

As I've said in a previous post:   I've found - When comparing Wyckoff Accumulation Schematics to crypto currency pairs AFTER a major consolidation event - the highs of the Automatic Rallies in Phase A are hardly ever near the same level as the highs of automatic rallies in phase B. So, do NOT assume Phase A "highs" on crypto currency charts MUST look the same or similar to that which is seen in a Wyckoff Accumulation Schematic. That schematic is ONLY an example and by no means implies the price action MUST play out EXACTLY as depicted in the Schematic.

[dmwardjr]

The constant flights of fancy that you guys come up with to speculate on never ceases to amaze me. Have you considered the fact that perhaps the objective was to do exactly what was done. To stress test the open market so as to gauge the response of trade algorithms or even the exchanges themselves? Instead of bitching and moaning oh noes, bitcoins only 9.3k..its dead. Maybe you should be thanking Kobayashi san for showing restraint and wisdom for not putting us all on the floor. Regardless of what it was, Bitcoin seems to be handling it well enough. It doesnt really matter anyway because the HoneyBadger dgaf.

I actually agree.  As I've mentioned in a previous post, it's better he sold them on an exchange for ANYONE to purchase rather than an auction where only the few rich people who could afford $30K+ amounts at a time in an auction would get them.

[jojo69]

not the point

nobody wants fucking fiat ffs

[HairyMaclairy]

I never knew that Bearwhale signed a UASF message.

https://www.reddit.com/r/Bitcoin/comments/6d2tp1/i_am_the_bearwhale_uasf_now/