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

[d_eddie]

Pretty normal volume on this shakeout, what do the professional watchers say?

[JimboToronto]

Oh noes. Here we go again.



 

[blacky90]

a good time to sell now?

[Last of the V8s]

Whales treat us like...

[Raja_MBZ]

Gox dumping resumes

According this tool, you're wrong...
http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

Yeah, right now, no MTGox dump. But I really want them to dump all what they have, so that we can have just one time pain instead of all this daily worry that they're going to dump it all up any time. Once they're done dumping all of their balances, buyers will have confidence in bitcoin more than ever.

[Toxic2040]

Eh, whatever. It's 11:04am. I'm on beer #4. Cut me some slack.

+1 WOsMerit  Think I might join you. Going to be a nice day here.

Gox dumping resumes

This is not a trustee dump..this could just be whales doing price discovery.

https://www.newsbtc.com/2018/03/11/bitcoin-price-will-likely-surge-as-mt-gox-sell-off-paused-until-september/

Pretty normal volume on this shakeout, what do the professional watchers say?

DING!   You rang?

It appears support is building in the $9200-9500ish range. I expect this trend to continue toward what could be a epic Friday the 13th. There was a chance for more chart shenanigans but apparently sentiment changed early this morning.
¯\_(ツ)_/¯

[infofront]

You seem to be suffering some form of perception inversion syndrome.

Yeah, Bob got that one backwards.

Eh, whatever. It's 11:04am. I'm on beer #4. Cut me some slack.

I think you had it correct. It only really makes sense if you've seen that Jordan Peterson interview though.

[infofront]

I'm assuming we're heading <$8,000 now.

[JimboToronto]

Hey Jim - you hanging at Popol Vuh's place? Loved what they did for Aguirre, Wrath of God. The music they did for the opening scene climbing up through the misty jungle... in my top 10 of cinematic moments


edit: incredibly the film is on youtube https://www.youtube.com/watch?v=8u2tooYxicE
I suppose Werner doesn't need no stinkin' royalties nomore

You made me Google Popul Vuh.

I never heard of the band nor the movie. Seems Popul Vuh is the Mayan book of creation.

That photo was taken in the village near my land, in the heart of Mayan country. It's actually on Mayan land.

This is how I was able to buy it. Mexican law requires 100 years of family residency to own land. Being on Mayan land, my purchase was strictly between me, the former owner, the Mayans and the blockchain.

[infofront]

Hey Jim - you hanging at Popol Vuh's place? Loved what they did for Aguirre, Wrath of God. The music they did for the opening scene climbing up through the misty jungle... in my top 10 of cinematic moments


edit: incredibly the film is on youtube https://www.youtube.com/watch?v=8u2tooYxicE
I suppose Werner doesn't need no stinkin' royalties nomore

You made me Google Popul Vuh.

I never heard of the band or the movie. Seems Popul Vuh is the Mayan book of creation.

That photo was taken in the village near my land, in the heart of Mayan country. It's actually on Mayan land.

This is how I was able to buy it. Mexican law requires 100 years of family residency to own land. Being on Mayan land, my purchase was strictly between me, the former owner, the Mayans and the blockchain.

You're quite the adventurous fellow. Does the electricity stay on all day?

[Last of the V8s]

If you want to be thoroughly depressed, listen to Whalepool from about 20 mins ago. https://www.youtube.com/watch?v=Z1Wfxq-avpM
tl;dw no moon this year, down to 2900 blah blah blah

[Torque]

If you want to be thoroughly depressed, listen to Whalepool from about 20 mins ago. https://www.youtube.com/watch?v=Z1Wfxq-avpM
tl;dw no moon this year, down to 2900 blah blah blah

Lol, do people really follow these clowns? They sound just about as clueless, and no more reassured of anything, than the average crypto kiddie that trolls the /r/BitcoinMarkets page.

That being said, sure there's a possibility of no moon this year. But in that case the big whale insiders would already know that, and would milk everything and throw in the towel by mid-summer. If true, then we should see a bottom by then. Volatility should fall to only $100+/- moves per 2-3 weeks once we have reached a bottom.

However, if not and we are still floating around this level by July, then something bigger is coming later and the insiders are already aware and planning for it.

[Colonel Panic]

Hey Jim - you hanging at Popol Vuh's place? Loved what they did for Aguirre, Wrath of God. The music they did for the opening scene climbing up through the misty jungle... in my top 10 of cinematic moments


edit: incredibly the film is on youtube https://www.youtube.com/watch?v=8u2tooYxicE
I suppose Werner doesn't need no stinkin' royalties nomore

You made me Google Popul Vuh.

I never heard of the band or the movie. Seems Popul Vuh is the Mayan book of creation.

That photo was taken in the village near my land, in the heart of Mayan country. It's actually on Mayan land.

This is how I was able to buy it. Mexican law requires 100 years of family residency to own land. Being on Mayan land, my purchase was strictly between me, the former owner, the Mayans and the blockchain.

Please tell us you paid directly in bitcoin!

The band are more 70s krautrock than Mayan, the film a typical Herzog exploration of greed, stubbornness and insanity. If you're into that kind of jungle movie, also dig out his Fitzcarraldo where an opera lover drags a ship over a jungle mountain. And the accompanying 'making of' docu, Burden Of Dreams.

A wonderful taster:  https://www.youtube.com/watch?v=uL99NDUWJ0A

That whole Herzog/Kinski/Jungle world will make your jaw drop (dentist approved)

[Last of the V8s]

If you want to be thoroughly depressed, listen to Whalepool from about 20 mins ago. https://www.youtube.com/watch?v=Z1Wfxq-avpM
tl;dw no moon this year, down to 2900 blah blah blah

Lol, do people really follow these clowns? They sound just about as clueless, and no more reassured of anything, than the average crypto kiddie that trolls the /r/BitcoinMarkets page.

That being said, sure there's a possibility of no moon this year. But in that case the big whale insiders would already know that, and would milk everything and throw in the towel by mid-summer. If true, then we should see a bottom by then. Volatility should fall to only $100+/- moves per 2-3 weeks once we have reached a bottom.

However, if not and we are still floating around this level by July, then something bigger is coming later and the insiders are already aware and planning for it.

I've done quite well by following them.

[JimboToronto]

Does the electricity stay on all day?

Usually. If there's an outage it could take days to fix though. The great thing is that bring on Mayan land it's heavily subsidized. A typical bill is $15CAD every 2 months.

Mind you, that's for about 15 amp service, you can run one coffee maker or other heat source and open the fridge door without popping a breaker, but barely. The service from the pole is lamp wire in a garden hose. Welcome to rural Mexico. I'm planning on upgrading.

The water that comes from town via a surface pipe beside the road only happens a couple of times a day. It's partially treated, good enough for laundry, dishwashing and showering. A truck delivers 5 gallon jugs of agua purificada daily.

To maintain a steady supply of water, people keep storage tanks with overflow valves like on toilet tanks. My tank is above the shower and also feeds the kitchen "sink" and washer/spindryer.

 

[JimboToronto]

Please tell us you paid directly in bitcoin!

About half and half, the rest in cash.

[GHCoins45]

what do you guys think about this? https://www.youtube.com/watch?v=5KXHgh2rTTw&feature=youtu.be

[STT]

Gox dumping resumes

According this tool, you're wrong...
http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

Useful to know, someone bump the thread if they notice any movement.    I do consider that kind of liquidity a temporary phenomena for exchange pricing.   Generally I think it equates to short term dynamic vs long term.

a good time to sell now?

Generally its better to be buying into weakness but dont over balance.   Allow yourself to be able to buy every week because the hard bit is knowing the duration of each move.    If I saw those balances above all moving at once I would expect the price to become too cheap.    It would then spike down and back up again, sharp like shutting off a tap suddenly.   After that the market tries to right itself in one direction but a more progressive way.
They could drip those balances in over 6 months, I really expect that but cant be sure with a liquidator exactly.   I know with Lehman brothers, that company will be 'operating' running down its various assets for decades probably.

Heres the kind of reaction I was looking for however its not closed the bar and nothing is certain :p  

Do not invest more than you can afford to lose in the United States Dollar or associated 'national currencies'.

It is a very complicated instrument with unknown issuance, highly manipulated across all markets, and centralised around a few unknown criminal entities.



Armed 'democratic' authorities print counterfeit cash to prop up their bubble.

Too much cannot be written about the failure of the dollar, its very understated almost ignored as a possibility which makes it all the worse as unexpected to some.    Diversify

QE is scheduled to wind down but there is no exit plan especially feasible.   Ask the Bank of Japan if you dont believe it because they can never reverse what they have done.   Hence Japan is joining crypto.

[gembitz]

Hey Jim - you hanging at Popol Vuh's place? Loved what they did for Aguirre, Wrath of God. The music they did for the opening scene climbing up through the misty jungle... in my top 10 of cinematic moments


edit: incredibly the film is on youtube https://www.youtube.com/watch?v=8u2tooYxicE
I suppose Werner doesn't need no stinkin' royalties nomore

You made me Google Popul Vuh.

I never heard of the band nor the movie. Seems Popul Vuh is the Mayan book of creation.

That photo was taken in the village near my land, in the heart of Mayan country. It's actually on Mayan land.

This is how I was able to buy it. Mexican law requires 100 years of family residency to own land. Being on Mayan land, my purchase was strictly between me, the former owner, the Mayans and the blockchain.

mayans invented crypto :-D the stupid spainards enforced roman centralized blockchain..meh

[pacman7331]

3rd time in a row the east buys and the west dumps.

Nakamoto must be Asian. Guy should take credit for it. Asians never make anything this revolutionary. And they need some records.