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

[HairyMaclairy]

You make it sound like macro trends are dependent on micro connections.  

It is a generally held belief that the spike down to $6k was caused by our Tokyo whale and that he will not sell again until September.  If this is correct then the $6k drop can be disregarded as an extraordinary event.

I appreciate that suggesting we may be going through a consolidation phase cuts across your belief that we are in a 2014 replay.  For myself, I am not so sure about that.  Roach is merely talking his book.  

Please keep in mind that I am not betting the house on this chart.  I am fully hedged against a sub $3k drop. But it’s useful to consider what a March recovery should look like as it is an entirely plausible outcome.  In this regard, I don’t particularly mind that the candles don’t match up nicely.   Looking at the forest rather than the trees if that metaphor suits you better.

[sakib.bro]

https://ibb.co/igV59c

as the chart
the market  is now down in one hour chart
both 50 moving average are giving me signal that market is in bearish
also RSI is going to 30 pints
which means it will going to hit atleast 7000-8000
the previous low of february month

im not that much expert
so, take my post as not that important

[Last of the V8s]

and really there could be some alt coin shaking dynamics that continues to delay our bicycle trip that takes us to the car that takes us to the train that takes us to the rocket, etc etc...
u get urselfie a grip, too!!!!!!!    

Making your new year’s resolutions? Improving your fitness might be one of your top goals. Next year, you could do that by riding a bike to work, while earning some cryptocurrency along the way too.

Is this bicycle based mining something that is already in bitcoin or something that you are working on?

Maybe some of us will already have so much money that we won't be motivated in that direction?  Perhaps?


hella snip

what in the name of fuck was all that? Bob was hacked by a shitcoin shill? and our resident Socrates just plods through the points?

edit: well that sounds like the real bob next post. I'm too old for this shit.

[TERA2]

You make it sound like macro trends are dependent on micro connections.  

You did not include the macro trend on your chart. You need to zoom out. I think I know what line you're talking about though. The one that's already been broken and is being obligatorily rested now just like the higher sloped one above it tested and failed and then it will drop down to obligataily test the big one at $3K for over a year

[Last of the V8s]

You make it sound like macro trends are dependent on micro connections.  

You did not include the macro trend on your chart. You need to zoom out. I think I know what line you're talking about though. The one that's already been broken and is being obligatorily rested now just like the higher sloped one above it tested and failed and then it will drop down to obligataily test the big one at $3K for over a year

pogfto

[TERA2]

Lets find it in my post history somewhere

[TERA2]

Ok this one was way off but sort of illustrates the point.

[HairyMaclairy]

Sure I have a similar base case line which runs all the way back to $2.11 or something like that.  My version runs along the bottom of the crypto winter and crosses today somewhere around $2k.  It looks much like the bottom of your pitchfork. 

If we hit $7k in the next few days we can call my line invalid and ill conceived.  If $8k holds, then maybe further reflection is warranted.

There is still activity out there.  I went into an ICO which listed 2 weeks ago and is still trading at double its issue price.  So it doesn’t feel apocalyptic today.  

[Last of the V8s]

meh go back to vitamin theory

[Lontonbit]

Ok this one was way off but sort of illustrates the point.

Charts are great for looking in to the past, not so great for Looking in to the future.

[Last of the V8s]

me too lol fuck. respect

[Torque]

https://finance.yahoo.com/news/dropbox-sets-ipo-range-16-124347573.html?_fsig=Nii754fSl_1w0pUkqDZphw--

Ya' know why companies can IPO at $18/share but haven't proven the revenue and Average Joe is ok with that, but Bitcoin IPOs at $0.0000001 cent and people can't understand why it's now at $9k/btc?

It's because people don't understand how and why company IPOs are structured the way they are, and who ultimately benefits from that arrangement in the long run.

If they truly understood the difference, they'd see that Bitcoin has more asymmetric upside potential (still) of any investment out there.

[Last of the V8s]

usual round of FUD today
http://www.ecb.europa.eu/press/inter/date/2018/html/ecb.in180313.en.html Bitcoin not the answer to a cashless society
http://www.businessinsider.com/bitcoin-price-risks-rising-goldman-sachs-2018-3?IR=T
https://www.reddit.com/r/Bitcoin/comments/841hl5/coinbase_allegedly_did_not_implement_segwit/?ref=share&ref_source=link
https://www.trustnodes.com/2018/03/12/bitcoin-cash-now-transacts-sms-text-messages
https://www.reddit.com/r/ethereum/comments/83v7x9/these_results_represent_the_first_time_a/
but also some info
http://www.europarl.europa.eu/sides/getAllAnswers.do?reference=P-2018-000559&language=EN mining of cryptocurrency is not an illegal activity
https://medium.com/@suchi.blackwing/cryptocurrency-bitcoin-forks-are-they-profitable-5b55eb67fca9
https://www.yardeni.com/pub/peacockfedecbassets.pdf Total Assets of Major Central Banks

edit sth for Torque? https://www.advisorperspectives.com/commentaries/2017/06/07/magnum-opus-humanity-at-crossroads
have not read far...

[RayX12]

HODLGANG AND CAREFULGANG should be merged to:

HODLCAREFUL GANG!  <<<<<<  This is what I am!  

If you are a newcomer then these term are described here:

https://www.youtube.com/watch?v=g6iDZspbRMg#t=12m41s
https://www.youtube.com/watch?v=g6iDZspbRMg#t=24m47s

so funy..

[Last of the V8s]

[Last of the V8s]

oy are things going to get ugly https://www.nature.com/articles/s41380-017-0001-5 A combined analysis of genetically correlated traits identifies 187 loci and a role for neurogenesis and myelination in intelligence

[jbreher]

And sure nobody likes Dan. But everyone wants to be Dan.

I used to be Dan. But I got tired of arguing with the completely ignorant that were absolutely sure that Bitcoin would fail - and for all the invalid reasons. So I stopped talking about it years ago. Except for cases where I did not initiate the topic.

[HairyMaclairy]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

[jbreher]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

Right.
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What's a Kucoin?

https://youtu.be/bputeFGXEjA?t=1m40s

[Torque]

There’s FUD around Kucoin running a fractional reserve.   Consider pulling your coins off.

Telling people to pull their coins off of some shady ass fly-by-night Cryptsy 2.0 is like advising millennials that eating Tide Pods could be "a health risk".