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

[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.

[El duderino_]

Last 10 pages are very critical

Only last 7 ..... than we hit the lucky number....

[600watt]

dear jjg, would you please stop posting pics of kids or babies. it seems inappropriate. when I am work it is hard enough to explain the naked women on my screen when I´m logged into WO thread. please no kids.

[greensheep]

If we rise at this rate we could see 20K pages by tomorrow this time

[bitserve]

If we rise at this rate we could see 20K pages by tomorrow this time

Maybe all hell will break loose when that happens....

Anyway, here is my contribution to that goal... as if I haven't contributed enough for the past year

[HairyMaclairy]

If we rise at this rate we could see 20K pages by tomorrow this time

Maybe all hell will break loose when that happens....

Anyway, here is my contribution to that goal... as if I haven't contributed enough for the past year

Engage 1 minute candles!   

[600watt]

Merited by RayX12 (12), LFC_Bitcoin (5), suchmoon (3), fragout (2), Wekkel (1), cAPSLOCK (1), xhomerx10 (1), ssmc2 (1), doc12 (1), Dunkelheit667 (1), BobLawblaw (1), Last of the V8s (1), Arriemoller (1), bitserve (1), HairyMaclairy (1), vroom (1), mfort312 (1), Phil_S (1), SidETH (1), cofefeGandalf (1), dakiller (1), Colonel Panic (1)

22 lambos so far. the "cheapest" ones start selling for about €160k. That makes €3.5 mil.  
I guess I´d need to contact them for bulk rates.  we should team up then and buy the entire company. from then on lambos will only be soldgiven to veteran WO posters.

[Rosewater Foundation]

Merited by RayX12 (12), LFC_Bitcoin (5), suchmoon (3), fragout (2), Wekkel (1), cAPSLOCK (1), xhomerx10 (1), ssmc2 (1), doc12 (1), Dunkelheit667 (1), BobLawblaw (1), Last of the V8s (1), Arriemoller (1), bitserve (1), HairyMaclairy (1), vroom (1), mfort312 (1), Phil_S (1), SidETH (1), cofefeGandalf (1), dakiller (1), Colonel Panic (1)

22 lambos so far. the "cheapest" ones start selling for about €160k. That makes €3.5 mil.  
I guess I´d need to contact them for bulk rates.  we should team up then and buy the entire company. from then on lambos will only be soldgiven to veteran WO posters.

Good to see the Colonel up there. But as far as usernames go he could take some drills in panic from yours truly

[HairyMaclairy]

Volkswagen Audi Group (owner of Lamborghini) has a market cap of $100 billion.   So Loaded will notionally be able to buy VAG Group when Bitcoin hits $2.5 million. 

[Rosewater Foundation]

I need bot. Where do I buy a bot? Exchanges should rent them out like scooters.

[600watt]

it is so disappointing to see that lots of that alt-shit is getting pumped again. 22%.... 30%... wtf wtf wtf?  I am afraid that as long as we see this shit pumping there will be no decent recovery for the one and only true/honest/genuine crypto.

edit:
here some live footage of coinmarketcap under the hood:

https://www.youtube.com/watch?v=5Fmo6UtGRAA

[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.

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

I treat every user name like a different peep.


These naked babies are not alike: