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Question: Which price is bitcoin going to reach first? (credits to Jay)
$25K - 55 (36.2%)
$50K - 97 (63.8%)
Total Voters: 152

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25369752 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
RayX12
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March 17, 2018, 05:58:39 PM
Merited by infofront (1)

It is my b-day!  Rise .. market .. rise..

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xhomerx10
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March 17, 2018, 06:00:10 PM

Hmmm... I wonder, has anyone tried to enter a negative sign in front of the merit amount?  Perhaps it does work.

An Error Has Occurred!
Invalid amount

 Thanks!  I was afraid that trying it would crash the board and I have a lot (more) angry people after me.
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March 17, 2018, 06:08:55 PM
Merited by yefi (1), HairyMaclairy (1)

I hate to say it but this looks like another long term downtrend like we get after all of the huge spikes in price.

It might end up that we have to wait until late 2019 for a reversal as we start to near the next halving.

Either way I will hodl because trying to time the market and play like a trader has never done well for me. It's always been best to just buy and hodl.

We will shoot up past $19k probably in 2020 but until then, get ready for the long winter.

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

http://telegra.ph/Inferno-market-outlook-The-Double-Bubble-Analysis-03-16
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March 17, 2018, 06:14:20 PM

Just giving a 2x leverage short a try. We should be getting big green dildos, shortly. Grin

Yea you're screwed buddy. I just put up a sell order. That means the price is about to moon.
RayX12
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March 17, 2018, 06:14:58 PM

...... FUD

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

http://telegra.ph/Inferno-market-outlook-The-Double-Bubble-Analysis-03-16


wow!  LOOK AT THAT GRAPH!

The bottom is in... me thinks!

Go BITCOIN GO
Last of the V8s
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March 17, 2018, 06:17:44 PM

https://www.bloomberg.com/news/articles/2018-03-16/fewer-americans-hold-cryptocurrencies-than-you-probably-think

Great stuff from Bloomberg there.
What do you reckon the real figure for ownership is? 0.5%?
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March 17, 2018, 06:27:17 PM

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

Yes, I'm hoping this is the case. Though I am prepared for a hold out until 2020 just in case.

My bottom for my retirement number is about $3500. But even if it dips below that for a little while it's all good.
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March 17, 2018, 06:31:49 PM
Merited by JayJuanGee (1), infofront (1)

I hate to say it but this looks like another long term downtrend like we get after all of the huge spikes in price.

It might end up that we have to wait until late 2019 for a reversal as we start to near the next halving.

Either way I will hodl because trying to time the market and play like a trader has never done well for me. It's always been best to just buy and hodl.

We will shoot up past $19k probably in 2020 but until then, get ready for the long winter.

It correlates very well (suspiciously well in fact) with the 2013 bubble aftermath. However, the timeline is hugely accelerated, meaning we're almost at the bottom of it already. By my reckoning, it will take a maximum of two more months to bottom out, assuming it hasn't already. The massive volumes we saw on 6 Feb  at $6k will be hard to beat and I'm still in two minds whether that's likely to get broken again.

http://telegra.ph/Inferno-market-outlook-The-Double-Bubble-Analysis-03-16


Another thing we should take into account is 2013 rise was MUCH more explosive too. Granted both 2013 and 2017 were clearly "bubbly" but 2013 experienced a rise from around $10 at January to $1200 at december. That is more than a 100x in just one year.

2017 was more or less 20x from dip to peak, so 5 times less explosive in comparison.

So.. well.... there are differences for sure. Not only past behaviour doesn't guarantee future ones but, it is in fact different circumstances.

If the deflating of the "bubble" were to also be 5 times less intense, that would mean a -2x instead of a -10x as a bottom (if there were such correlation). Which is more or less the price we are now (or it could be anything from $5K to $12K).

Of course the price can go any direction in the short term but I guess it will end up stabilising on the right price and continue with the trend. I would not discard the possibility of a new ATH this same year just yet, although I think the probabilities now are not bigger than that of a long winter (hopefully not than long as the last one).


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March 17, 2018, 06:33:02 PM

https://livestream.com/accounts/27034343/events/8107686/videos/171628467

@mechmarkets 4 hours ago https://twitter.com/mechmarkets/status/975016524418310144

Here is Winklevoss happily describing what sounds like hedge fund fiduciaries front-running clients on his exchange, Gemini.
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March 17, 2018, 06:36:08 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon
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March 17, 2018, 06:42:30 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon

What altcoin actually has real utility? Monero, ethereum and maybe filecoin (when it comes out)? And of those 3 only one is a money. So really only Monero should be capitalized beyond what is necessary for on network token utility. Bitcoin dominance should probably be 80% or more.
bobo012
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March 17, 2018, 06:42:36 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon

I think it is not enough. Correction will come, but in Bitcoins favor.
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March 17, 2018, 06:45:54 PM
Merited by BobLawblaw (1)

wow i think 43% bitcoin dominance is way too much

correction will come soon

I think it is not enough. Correction will come, but in Bitcoins favor.

Ooh.  I see a cagematch forming!
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March 17, 2018, 06:47:30 PM
Merited by PoolMinor (2)

wow i think 43% bitcoin dominance is way too much

correction will come soon

What altcoin actually has real utility? Monero, ethereum and maybe filecoin (when it comes out)? And of those 3 only one is a money. So really only Monero should be capitalized beyond what is necessary for on network token utility. Bitcoin dominance should probably be 80% or more.

BBQcoin

you can buy BBQ sauce with it!
bitserve
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March 17, 2018, 06:50:04 PM
Merited by Anon136 (1)

wow i think 43% bitcoin dominance is way too much

correction will come soon

What altcoin actually has real utility? Monero, ethereum and maybe filecoin (when it comes out)? And of those 3 only one is a money. So really only Monero should be capitalized beyond what is necessary for on network token utility. Bitcoin dominance should probably be 80% or more.

BBQcoin

you can buy BBQ sauce with it!

Bcash

You can buy more  Bitcorns dumping onto Ver pumps!
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March 17, 2018, 06:51:25 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon

I think it is not enough. Correction will come, but in Bitcoins favor.

for an coin that can not be used as a currency i highly doubt that
bobo012
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March 17, 2018, 06:52:14 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon

What altcoin actually has real utility? Monero, ethereum and maybe filecoin (when it comes out)? And of those 3 only one is a money. So really only Monero should be capitalized beyond what is necessary for on network token utility. Bitcoin dominance should probably be 80% or more.

BBQcoin

you can buy BBQ sauce with it!

Theres also potcoin. You cant buy anything with that, but a lot of people worldwide loves pot.
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March 17, 2018, 06:55:22 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon

I think it is not enough. Correction will come, but in Bitcoins favor.

for an coin that can not be used as a currency i highly doubt that

98% of alts are vaporware. There's some legit of course.
As this crypto market slides down, i expect dominance of btc to rise. hence i expect alts to crash more and thus increase dominance
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March 17, 2018, 06:56:10 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon

I think it is not enough. Correction will come, but in Bitcoins favor.

for an coin that can not be used as a currency i highly doubt that

*sigh*  You don't really have very much bitcoin do you?
bitserve
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March 17, 2018, 06:58:07 PM

wow i think 43% bitcoin dominance is way too much

correction will come soon

I think it is not enough. Correction will come, but in Bitcoins favor.

for an coin that can not be used as a currency i highly doubt that

*sigh*  You don't really have very much bitcoin do you?

Most probably his net amount of BTC is *negative*. Simply not having any Bitcoin would not be enough of a reason to be here spreading ridiculous FUD with no vested interest at all.

P.S.: 43.1% now.
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