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

[JayJuanGee]

+1 WoSMerit to JJG, wordy man in nonwordy disguise. You're much more effective and - I'll dare unusual adjectives - enjoyable to read when you dress up this way. Try it more often, if you manage. Please.  

Here's how I feel:

[fabiorem]

maybe kobayashi have some "insider info"  ..  if he think all coins are worthless or just sell them until is time...

He is just following orders from Keyser Söze.

[JayJuanGee]

I’ve just been reading that article about some money manager who says Bitcoin is a bubble that’s about to burst.....

Dude! It has burst. The bubble burst in December. What we’re seeing here is price discovery and it will go down until it stops going down. Then it will go up and keep going up until another bubble appears (much higher than the last) and then it will burst.... and down it will go again. Rinse and repeat.

Notice MSM media and talking heads are more inclined to report the failure of Bitcoin, but compared to any known equity, Bitcoin has kicked ass and out performed them all... even if the price fell to $2000.

Anyway.. like Mr Loblaw, my coins are NOT FOR SALE right now.

Why is it a bubble and not adoption? Scarier

Is it a correction or a bubble burst? Bitcoins dollar value is ?

When is the next bubble or price correction up? Bitcoins dollar value is ?

Who profits from BTC being called a bubble? Banks and big investors wanting in

Who is helped by saying BTC is a Bubble? Profit taking


Bubble = making Money

Like you suggested:  Bitcoin bubble claims can be characterized as making money attempts mostly for:  1) those who are not yet in, 2) those who are invested in a competing product, and 3) those who don't understand what differentiates bitcoin from other assets.

[infofront]

https://www.zerohedge.com/news/2018-03-14/bitcoin-drops-ahead-g-20-central-bankers-can-no-longer-ignore-cryptos

Says central banks are gonna start hoarding crypto...

This should kinda moon things.

So they are manipulating it down to get cheap coins? Seems like a smart move for the pedophile elite.

Could the crypto purchase be a poison pill for central money printers?

"Google will ban online advertisements promoting cryptocurrencies and initial coin offerings, and 'other speculative financial instruments' starting in June."

That last part is pretty broad. We'll see how selectively it's enforced...

[Jacques_Bittard]

Hard to understand why people aren't asking the most important question here.. is JayJuanGee a real male ballerina or not?

[luckygenough56]

with bitcoin you can :

open your wallet

admire it all day

lose disk space

close your wallet

....

[7Sage]

BTC GOING DOWN!!!

[mymenace]

https://www.zerohedge.com/news/2018-03-14/bitcoin-drops-ahead-g-20-central-bankers-can-no-longer-ignore-cryptos

Says central banks are gonna start hoarding crypto...

This should kinda moon things.

So they are manipulating it down to get cheap coins? Seems like a smart move for the pedophile elite.

Could the crypto purchase be a poison pill for central money printers?

"Google will ban online advertisements promoting cryptocurrencies and initial coin offerings, and 'other speculative financial instruments' starting in June."

That last part is pretty broad. We'll see how selectively it's enforced...

https://www.zerohedge.com/news/2018-03-14/bitcoin-drops-ahead-g-20-central-bankers-can-no-longer-ignore-cryptos

Bitcoin analysts like Smith believe that the G7 central banks — a group of central banks from the US, Canada, France, Germany, UK, Italy, and Japan — will  kick off the purchasing. The main reason for this is due to Bitcoin’s trend of recovery after a sharp decline, which could mean that regulated cash may soon be devalued against cryptocurrencies. When this happens, the G7 countries will be forced to modify their foreign reserves, and include cryptocurrencies in their portfolio.


If true

buy and hold

[Toxic2040]

By the way, there does seem to be decent evidence for the argument that this whole ongoing BTC downtrend remains an opportunity to continue to purge alts, rather than any reflection on any actual problem with BTC fundamentals.

+1 WOsMerit  It's why I always read all of your posts JJG...usually there is a diamond down in the rough.

Anyway.. like Mr Loblaw, my coins are NOT FOR SALE right now.

+1 WOsMerit for the right attitude.

the WO thread is the one and only. every idiot can open a new thread these days. all other threads are altcoins/ICO´s. I just hope they will not fork it (with bigger letters) and insist that the forked WO is the "real WO" thread.

Thanks to infofront for taking it over - including responsibilities and having a moderation vision that seems to have allowed for it's continued quasi-wild, wild west style, and thanks to theymos in allowing a kind of democratic transfer of ownership that seems to have been a very fucking BIG success to the forum and for the bitcoin community.

Out of the real thing, sorry. I was keeping the last few precious like Ebenezer.

I've got a cool new alt, though.

+1 WoSMerit to JJG, wordy man in nonwordy disguise. You're much more effective and - I'll dare unusual adjectives - enjoyable to read when you dress up this way. Try it more often, if you manage. Please.  

+1 WoSMerit to infofront, for the thanklessest job there is. And done brilliantly, as if from far away.

+10 WOsMerits for putting merits where they are deserved.

@jojo69    +1 WOsMerit     Congrats on Legendary dude.  well earned as well.  
 
By the way..all WOsM's are strictly one to one. So you get one..you can give one.

Bitcoin.

Slumping towards 7800 it looks like. The market is extremely oversold though imo so it could rebound quickly once stabilized. Other than that I dont have much...MM's are forcing the price down to get a cheaper entry point and it seems to be working. There is no fundamental reason for the price drop. The Senate hearings today where fairly neutral..the fact the Google is banning ads is irrelevant to bitcoin..it doesnt market anyway..  *shrugs*   Hodl.
 

[SidETH]

*opened btc ticker, expecting to see 10k+*
Fuck

Get it down to 6k already so we can start recovering. Fuck.

[FrozenChaos]

Appears $12k is the pivotal turning point of this downtrend. Clear as day from the December ATH... next up, buying area between 7400-7800.

[fragout]

Shit dudes... looks like we're back to testing 30 day lows.

God fucking damnit.

I'm so confused.

If you zoom out to the weekly, Its like a carbon copy of the 2013 crash. Even the dates are close to now. I know this means noting and things are different this time (they say)
but its weird to say the least.
I still believe the price is being artificially forced down this time though so if they don't get too greedy and push it too far, there should be a quick recovery.

[SidETH]

To me it appears that all those technical graphs are complete fucking bullshit. Like crystal ball stuff. Or professional guessing, whatever.
Nevertheless I absorb the postive ones like a sponge.

[SidETH]

If you zoom out to the weekly, Its like a carbon copy of the 2013 crash. Even the dates are close to now. I know this means noting and things are different this time (they say)
but its weird to say the least.
I still believe the price is being artificially forced down this time though so if they don't get too greedy and push it too far, there should be a quick recovery.

Are you telling me I have to wait 2 years to get some decent action again?
Fuck

[Anon136]

If you zoom out to the weekly, Its like a carbon copy of the 2013 crash. Even the dates are close to now. I know this means noting and things are different this time (they say)
but its weird to say the least.
I still believe the price is being artificially forced down this time though so if they don't get too greedy and push it too far, there should be a quick recovery.

Are you telling me I have to wait 2 years to get some decent action again?
Fuck

Probably not. The world was oblivious to crypto back then. Now everyone knows about it. It's on almost everyone's radar. Totally different environment today. Extrapolating the past into the future probably isn't useful in that particular capacity.

[BitcoinBunny]

To me it appears that all those technical graphs are complete fucking bullshit. Like crystal ball stuff. Or professional guessing, whatever.
Nevertheless I absorb the postive ones like a sponge.

Of course they are.

+ The biggest bullshitters online are Tone Vays and Cliff High.

[infofront]

If you zoom out to the weekly, Its like a carbon copy of the 2013 crash. Even the dates are close to now. I know this means noting and things are different this time (they say)
but its weird to say the least.
I still believe the price is being artificially forced down this time though so if they don't get too greedy and push it too far, there should be a quick recovery.

Are you telling me I have to wait 2 years to get some decent action again?
Fuck

It'll be like the old days again, with nothing but chartbuddy posts blowing by like tumbleweeds.

[Jacques_Bittard]

I think that bitcoiners deserve their days of mediocre happiness now. Maybe until the end of the weekend..?

[JayJuanGee]

To me it appears that all those technical graphs are complete fucking bullshit. Like crystal ball stuff. Or professional guessing, whatever.
Nevertheless I absorb the postive ones like a sponge.

Of course they are.

+ The biggest bullshitters online are Tone Vays and Cliff High.

If you really believe what you are saying, then you are asserting fairly strong logic that peeps should be making their own assessments of BTC price direction(s) and taking various technical analysis with a grain of salt.  

Surely none of us knows the future with any kind of precision beyond asserting probabilities of event x as compared with event y, but some folks are going to be more in the ballpark in their predictions than others, and have developed strategies to profit from predictable volatility that has difficult to predict short term price direction(s).

[HairyMaclairy]