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

[Dakustaking76]

Last 10 pages are very critical

[promomei]

any good news from G20 

The only good news from government is when they don't do much. Which was the case this time.

but if they say yes , more whales coming to crypto world witch is good for me 4 sure XD

[Elwar]

Without fresh money to pay off old holders the price cannot continue to rise.

That would have been a pyramid scheme, which bitcoin is absolutely not.

Bitcoin roughly follows Metcalf's law:
"The value of a .... network is proportional to the square of the number of connected users of the system (n2)."

Therefore, to increase in value 1000fold, you only need to increase the number of users about 31.6 fold.
I doubt that there are 30 mil active bitcoin users, but even if there are, 900mil out of 7bil is a possibility (eventually).
I think that someone projected $2-5mil btc with about 400mil active users.

BS - metcalf's law is about efficiency - and we all know how Bitcoin behaves with more users

Bluebits is right - its a pyramid and unsustainable through itself - there has to be a constant! inflow of money to keep the price on point! - absurd - If everyone HODLs price will decline
There's even that MtGox study which shows that without blatant manipulation price almost always declines. And this is what we are seeing the whole time.
Price declines - pump it up through wash-trading, spoofing, tethers - price declines - repeat

Welcome to Bitcoin!

Have you read the white paper?

Here you go
https://bitcoin.org/bitcoin.pdf

It's a great place to start in your quest to understand Bitcoin.

[Elwar]

any good news from G20  

The only good news from government is when they don't do much. Which was the case this time.

but if they say yes , more whales coming to crypto world witch is good for me 4 sure XD

Just remember what the whales did to gold in the US. Perhaps they can have another meeting on Jeckyll Island about how to help you with your bitcoins.


You also get the legacy finance folks seeping into our thread about Bitcoin talking about ponzi schemes.

[greensheep]

Pagecount has passed ATH.. 11 pages til 20K.

It's an omen!

[pacman7331]

any good news from G20  

Apparently not regulating crypto cuz its not a threat YET. Thus the green candels 2 days ago going from 7500 - 8200 or so. 

[flynn]

any good news from G20 

The only good news from government is when they don't do much. Which was the case this time.

Shorting G20 ... too many countries in there

[ccminer.net]

Ok we are going nowhere!
Expecting new dump anytime and it will be epic

[Lopumbo]

Expecting new dump anytime and it will be epic

No, we're going to 9k$ first - you've to give them bitcoiners at least a bit of hope

[bitebits]

Are these the actuall Bitcoin prices in the pictures ? i find them rather cheap. Until now i had only numbers in my wallet, but now i have corresponding pictures. thanks.
What´s the catch. The upkeep ?

Time travel if you can swing it.

Honestly have no idea what you are saying. But one thing is for sure: i don´t need no fucking Lambo, thousand other things yes, but no Lambo.  

New teeth perhaps?

Pagecount has passed ATH.. 11 pages til 20K.

That’s it. I’m shorting full leverage.

Shorting pagecount?

There again will be manipulation by wordy whales, like @ 10k. Shorting something that inevitably wants to go up seems like a fools game though.

[600watt]

Pagecount has passed ATH.. 11 pages til 20K.

That’s it. I’m shorting full leverage.

So.. we go back to 3k soon?

only JJG could do this trick for us.

[Harlot]

any good news from G20 

The only good news from government is when they don't do much. Which was the case this time.

From what I have read they just made up it to conclusion that they are holding of any new regulations for cryptocurrecencies as it is not yet hurting any financial situation of a country. People have assumed that this news coming from the G20 is the reason of the sudden rise of Bitcoin's price. When they are forgetting that we are still on a down trend and 8,500$ is just a resistance under the EMA 50 moving average. The 14% price increase might still end up a bull trap as the volume is lagging.

[Alexander_Z]

From what I have read they just made up it to conclusion that they are holding of any new regulations for cryptocurrecencies as it is not yet hurting any financial situation of a country. People have assumed that this news coming from the G20 is the reason of the sudden rise of Bitcoin's price. When they are forgetting that we are still on a down trend and 8,500$ is just a resistance under the EMA 50 moving average. The 14% price increase might still end up a bull trap as the volume is lagging.

I have a similar feeling. This increase was unconvincing and now another slump has already begun.

[JayJuanGee]

Pagecount has passed ATH.. 11 pages til 20K.

That’s it. I’m shorting full leverage.

So.. we go back to 3k soon?

If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  

Pagecount has passed ATH.. 11 pages til 20K.

That’s it. I’m shorting full leverage.

So.. we go back to 3k soon?

only JJG could do this trick for us.

I'm not dumping any of my posts.      

P.s.  By the way, I just did the calculation and I only have a bit more than 400 pages anyhow, so a mere drop in the bucket in the whole scheme of things.   

[JayJuanGee]

Without fresh money to pay off old holders the price cannot continue to rise.

That would have been a pyramid scheme, which bitcoin is absolutely not.

Bitcoin roughly follows Metcalf's law:
"The value of a .... network is proportional to the square of the number of connected users of the system (n2)."

Therefore, to increase in value 1000fold, you only need to increase the number of users about 31.6 fold.
I doubt that there are 30 mil active bitcoin users, but even if there are, 900mil out of 7bil is a possibility (eventually).
I think that someone projected $2-5mil btc with about 400mil active users.

BS - metcalf's law is about efficiency - and we all know how Bitcoin behaves with more users

Bluebits is right - its a pyramid and unsustainable through itself - there has to be a constant! inflow of money to keep the price on point! - absurd - If everyone HODLs price will decline
There's even that MtGox study which shows that without blatant manipulation price almost always declines. And this is what we are seeing the whole time.
Price declines - pump it up through wash-trading, spoofing, tethers - price declines - repeat

We gots our selfies another goofie dumball here.. making nonsensical assertions based on incomplete and misleading information and wishful thinking.   

[TERA2]

If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  

Idk. You should start by deleting all your posts and lets see what happens.

[Rosewater Foundation]

If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  

Idk. You should start by deleting all your posts and lets see what happens.

I was one of the most active post dumpers at one time. It's actually a really tedious process.

[JayJuanGee]

If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  

Idk. You should start by deleting all your posts and lets see what happens.

Let's


NOT



And say we did.   

[JayJuanGee]

If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  

Idk. You should start by deleting all your posts and lets see what happens.

I was one of the most active post dumpers at one time. It's actually a really tedious process.

How could that be?  Your account was merely born in October 2017.

[Rosewater Foundation]

If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  

Idk. You should start by deleting all your posts and lets see what happens.

I was one of the most active post dumpers at one time. It's actually a really tedious process.

How could that be?  Your account was merely born in October 2017.

Usernames always confuse you, Jay. I don't know why. It's just clothes, man. Like pants. Underneath it's still me.