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

[DARKHOLDER]

I can see 8000 where I will purchase another $100k Of BTC. What is your plans?

On top of buying drinks for the entire thread, I'll suck your dick if we see $8,000 USD/BTC this year.

You can quote me on that.

Saw this joke some time ago....Interesting - do you answer in your own words .. looks like bears are not so optimistic (March 15, 1btc / $ 7665.1 on bitfinex)

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[jojo69]

This's interesting. We're no-where near the dotcom bubble yet in terms of market-cap:

I generally agree with this. The idea that it's the end of a great bubble conflicts with the capitalization of previous great bubbles. The South Sea Bubble went to $4tn in real terms and that was confined to a single country (albeit a world power then).

As Tera points out, we should include all crypto in the calculation, but at ~$850B the peak is still rather underwhelming as the finale of a global mania.

The quoted graph is somewhat strange as it suggests above $1 tril in internet stocks in 1995 or something close.
As far as I remember, Yahoo only started trading in 1996, although I could be wrong.
AMZN 1997, Ebay 1998. If they suggest that 1995 internet companies were Intel, MSFT and CSCO, than it is clearly a stretch.
Besides, I read somewhere else that "pure" Internet peaked at just 3 tril in 2000.

I agree with the overall conclusion that 850bil (at the peak) or 320-330 bil now, 18-20 years after the internet 'bubble", feels like an awfully small number.

Besides, MSM keeps talking about crypto bubble. They did no such thing during 1998-2000. Instead, it was always rah rah.
I remember some B2B companies that were nothing, but a reverse FUD from Mary Meeker, etc. They all pretty much zeroed.
VERT, lol, fun memories.

not even weighing in on this, certainly don't remember any of the numbers, I would say however, remember to correct for inflation, pretty much always

[Lopumbo]

the price is a shitshow of manipulation

trade flat - pump it 500$ - trade flat - dump it again

[bones261]

I can see 8000 where I will purchase another $100k Of BTC. What is your plans?

On top of buying drinks for the entire thread, I'll suck your dick if we see $8,000 USD/BTC this year.

You can quote me on that.

Saw this joke some time ago....Interesting - do you answer in your own words .. looks like bears are not so optimistic (March 15, 1btc / $ 7665.1 on bitfinex)

Hope none of those bears shorted that bottom. The rise back up to $8600 could have been a real ball buster for a bear. 10X margin or above would have been liquidated if they decided to try and ride it out.

[Lopumbo]

thats the spirit

market declines - go short - bitfinex pumps - get rekt
market increases  - go long - bitfinex dumps - get rekt

[bones261]

thats the spirit

market declines - go short - bitfinex pumps - get rekt
market increases  - go long - bitfinex dumps - get rekt

Unfortunately, most of us are just the sardines. 

https://www.youtube.com/watch?v=6zOarcL1BSc

[nanobtc]

Already making more promises? But this one's for really reals right?

<snip>
I would need to be "on guard" all evening. We'd need massive security measures to seriously contemplate a party like that.

I agree with the idea of needing to sign a message from a pre-established address, with an arbitrary phrase given at the door, to gain entrance.

But yet? The best 'snatch and abduct' events may occur before the door. In the parking lot. Or a block away. Or at the airport.

[pacman7331]

I was going to HODL but when I saw this DEATH CROSS

https://www.youtube.com/watch?v=qQARQRW1824&t=317s

And the bear market that comes after... I figure I should go short full leverage.

Anyone else planning to make a move based on this 50MA crossing below the 200MA?

Did you actually watch the whole video?  The other indicators indicate a good chance of a small rise in the near term according to this guy. Perhaps you should zoom out and wait until the death cross actually happens on the 1D rather than the 15 minute.

I know it's not happening yet, but I'm just saying IF it happens. Maybe it's a good time to just short? I'd rather not of course.

[pacman7331]

the price is a shitshow of manipulation

trade flat - pump it 500$ - trade flat - dump it again

Yea lol that whale. It's a rough game being plankton. 

[bones261]

I was going to HODL but when I saw this DEATH CROSS

https://www.youtube.com/watch?v=qQARQRW1824&t=317s

And the bear market that comes after... I figure I should go short full leverage.

Anyone else planning to make a move based on this 50MA crossing below the 200MA?

Did you actually watch the whole video?  The other indicators indicate a good chance of a small rise in the near term according to this guy. Perhaps you should zoom out and wait until the death cross actually happens on the 1D rather than the 15 minute.

I know it's not happening yet, but I'm just saying IF it happens. Maybe it's a good time to just short? I'd rather not of course.

Just do it on lower leverage, if you must. The BTC market is so volatile that bears get REKT, even in a downtrend. Kraken lets you set the leverage as low as 2x.

[jbreher]

Doesn't legendary mean anything? You understand that transactions are made of data right? Processing more of them requires more bandwidth than processing less of them, right? Why am I having this ridiculous conversation? Are you high?

The amount of bandwidth consumed by industrial mining is negligible.

Do try to keep up.

[HairyMaclairy]

[jbreher]

bitcoin is in rekt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
and take health coin with self.. dumb believe idiots are here!!!!!!!!!!!!!!!

Delete awful troll post, or leave it up for entertainment value? That is a dilemma we regularly face here.

We're big boyz here. No need to protect our minds from seeing the stoopid.

Thanks, BTW, for restraint. More valuable than scything.

[jbreher]

This sounds lovely but I am deeply suspicious. 

https://blog.genesis.vision/genesis-markets-announcement-f520ea832168

Good. From a scan, it sounds possibly a long con. And Genesis? Any relation the the Wilnkevii's operation? No? Hmm.

[HairyMaclairy]

Doesn't legendary mean anything? You understand that transactions are made of data right? Processing more of them requires more bandwidth than processing less of them, right? Why am I having this ridiculous conversation? Are you high?

The amount of bandwidth consumed by industrial mining is negligible.

Do try to keep up.

It’s called a block limit.

[pacman7331]

I will say i'm happy to return to my Bitfinex account after 2 years having left like .81 cents of BTC bits in the wallet and finding over 25$

My HODL paid off 

[jojo69]

you guys are on fire tonight

most entertaining

[jojo69]

Here is one time that I will concede (it does not happen very often) that the wordiness of my response may have caused a loss of the thrust of what I was attempting to say.

my god

it's full of stars

[jojo69]

Google translate is not your friend. 

Google is a great program, which shows small skills in this area in their language and affects overall. If you disagree with having a penis

out of merits

[mike4001]

the price is a shitshow of manipulation

trade flat - pump it 500$ - trade flat - dump it again

If this is not manipulation I don't know what is ...