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Question: Closing BTC Price June 28:
$0 - 5 (3.2%)
<$7,000 - 4 (2.6%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.9%)
$9,000-$9,499 - 4 (2.6%)
$9,500-$9,999 - 26 (16.9%)
$10,000-$10,499 - 24 (15.6%)
$10,500-10,999 - 12 (7.8%)
$11,000-$11,499 - 14 (9.1%)
$11,500-$12,000 - 15 (9.7%)
>$12,000 - 33 (21.4%)
>$20,000 - 13 (8.4%)
Total Voters: 154

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21243097 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. (66 posts by 16 users deleted.)
JayJuanGee
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March 20, 2018, 09:32:14 PM

There's a difference between Being a FUDster and recognizing a downtrend. This year's gonna be bearish or flat. I doubt we'll see prices over $18K this year. I doubt we see prices below $5k this year, or ever again to be honest.

I am not sure if you are NOT a FUDster merely because you attempt to explain your conclusion a bit more that the averabe FUDster.

You have determined that we are in a "downtrend" and you have made a pretty strong statement to cover all of 2018, which seems a bit FUDdish because you are implying to have some kind of decent knowledge or expertise without knowing and predicting a negative outcome without really backing up your claim with any kind of substantial or material evidence - besides your mere statement.
"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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Sitarow
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March 20, 2018, 09:33:01 PM

As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.

Yeah, I would not recommend mining if your power costs are $.10/kwh. A serious mine should be down in the $.04 range.

Over 9000!

Even if your like myself and get 0.3c kwh your still better off buying as the above example does not factor in any other costs associated with mining.

I quickly set it to 0.3c kwh so you can see for yourself.

https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing
JayJuanGee
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March 20, 2018, 09:39:58 PM

I was kind of hoping to see $3,000 soon.

I believe that level of correction to $3k is not really necessary and could cause more bearish results than it actually refuels.. but bouncing off of $6k again might not be a bad thing -  or even $5k - but I understand that if we go below $6k, then certainly $3k becomes a much greater possibility.. even though $3k seems quite low from this place.

Anyhow, we gots to get our little selfies below $7k first.. and recently that has not happened yet....  Tongue Tongue Tongue  

To quote an infamous variation:   "go real bitcoin go"

I'm not complaining.  Smiley
I was just hoping to get some dirt cheap bitcorn, but it's looking increasingly likely that anything under $8,000 might be dirt cheap.

Actually, I did not conclude you to be complaining because you do generally seem to be employing the right strategies and you seem to be overall prepared for UP....

I suppose that I was reading into your statement that you thought that $3k would be a good thing, and I really question the truth of that.. because even though on a personal level each of us can set up systems to prosper from such dips, if we are largely BTC HODLers and accumulators - we do better with upwards BTC price movements - and really we have experienced enough correction (70%) to refuel the whales.

On the other hand, if lemons come, then making lemonade is not a bad thing.. and there may be some ongoing desires of BIG (and smart) money to attempt to shake more of the alt coin leeches... so if we are currently done with our correction, then it is remains quite likely that the snot-nosed 12 year olds have not left the scene, yet... and we will likely get another ICO/Altcoin pump that accompanies the next bitcoin pump.  More purging might be helpful, but I am thinking that at least one more pump of BTC and alts might be in the cards, even though the shitty alts worry quite a few of bitcorn maximalists (if we can reasonably label ourselves that way?).
BlackSpidy
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March 20, 2018, 09:51:07 PM

JJG, you make a great point. However, I'm not here to say that the sky is falling down. I really believe in bitcoin, but it looks like we're in one of those times when the price is not likely to rally to ridiculous and delicious new heights. And there will a time we bitcoiners will dance victorious. It's just my opinion that 2018 is just not it.

Tell you what. Let's make a game out of this prediction of mine, what do you propose?
WO-Bot
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March 20, 2018, 09:59:07 PM

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

I. Am. Robot.

How. Do. I. Serve. Master?

   _i_
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BlackSpidy
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March 20, 2018, 09:59:57 PM

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

I. Am. Robot.

How. Do. I. Serve. Master?


You pass the butter
LFC_Bitcoin
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March 20, 2018, 10:01:23 PM

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

I. Am. Robot.

How. Do. I. Serve. Master?

   _i_
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You’ve only got one arm bro
HI-TEC99
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March 20, 2018, 10:03:30 PM

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

I. Am. Robot.

How. Do. I. Serve. Master?

  _i_
  -|O|-
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Keep posting graphs of the latest exchange prices on the hour, every hour.

Here's an example of what to post.

explorer
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March 20, 2018, 10:06:28 PM
Merited by LFC_Bitcoin (1)

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

I. Am. Robot.

How. Do. I. Serve. Master?

   _i_
  -|O|-
 / |_|
   | |


You’ve only got one arm bro

Yes.  It had to be disarmed due to G20 Robotics Regulations.
LFC_Bitcoin
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March 20, 2018, 10:09:27 PM

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

I. Am. Robot.

How. Do. I. Serve. Master?

  _i_
  -|O|-
 / |_|
   | |


Keep posting graphs of the latest exchange prices on the hour, every hour.

Here's an example of what to post.


Yeah, would be fantastic if somebody could take ChartBuddy’s role of posting graphs of the latest exchange prices on the hour, every hour.

It’s definitely missed.
TERA2
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March 20, 2018, 10:14:03 PM

glade length getting back on track
explorer
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March 20, 2018, 10:15:44 PM

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

I. Am. Robot.

How. Do. I. Serve. Master?

  _i_
  -|O|-
 / |_|
   | |


Keep posting graphs of the latest exchange prices on the hour, every hour.

Here's an example of what to post.


Yeah, would be fantastic if somebody could take ChartBuddy’s role of posting graphs of the latest exchange prices on the hour, every hour.

It’s definitely missed.

But call it Tumbleweed.  Or Cricket.  That way it fits when there is a whole page with nothing but tumbleweeds.  or Crickets.  Remember 2015.
JayJuanGee
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March 20, 2018, 10:20:55 PM

JJG, you make a great point. However, I'm not here to say that the sky is falling down. I really believe in bitcoin, but it looks like we're in one of those times when the price is not likely to rally to ridiculous and delicious new heights. And there will a time we bitcoiners will dance victorious. It's just my opinion that 2018 is just not it.

Tell you what. Let's make a game out of this prediction of mine, what do you propose?

At this point, I don't have a problem of taking you at your word that you truly believe bitcoin to be bearish at this moment.  I just believe such bear assessment is premature.  There just is not enough evidence or time yet.  By the way, I am not the one making any kind of prediction here, I am merely criticizing yours as too much too soon.

By the way, even though many of us understand that there is no exact historical mandate that would cause some kind of exact replication of what had happened previously; however, we can still have approximations and rhyming... So recently, there have been a lot of assertions about whether we are more likely to be in an early 2013 like price scenario or in an early 2014 like price scenario.

Personally, I think that it is more likely that we are in an early 2013 like scenario, and mostly I am of that belief based on the length and slowness of the overall trend and how we got to our present point and even the $20k top.. which I do not assess to be a blow-off top, yet.

However, I surely could be wrong, and I am merely stating that there is not enough evidence yet that we have either already reached the blow off top which would support a conclusion that we are closer to a early 2014 like scenario.

I am not sure what kind of game can be made of this, because the evidence seems premature to be coming to rash conclusions, even though it is also possible that in the longer run, you could be correct - even though to me, it seems that you are prematurely calling something that is not yet reasonable to call.

I cannot really think of any reasonable games that are not just rising to the level of speculative gambling because I, personally, buy more bitcoins if the price is going down and I sell if the price is going up.  I might tweak the amounts a little bit here or there, and my overall belief in bitcoin and my overall bullishness shows in my tendency to attempt to accumulate bitcoins rather than dollars.. So do you have something in mind regarding a game?
JayJuanGee
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How much alt coin diversification is needed? 0%?


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March 20, 2018, 10:25:25 PM

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

I. Am. Robot.

How. Do. I. Serve. Master?

  _i_
  -|O|-
 / |_|
   | |


Keep posting graphs of the latest exchange prices on the hour, every hour.

Here's an example of what to post.


Yeah, would be fantastic if somebody could take ChartBuddy’s role of posting graphs of the latest exchange prices on the hour, every hour.

It’s definitely missed.

But call it Tumbleweed.  Or Cricket.  That way it fits when there is a whole page with nothing but tumbleweeds.  or Crickets.  Remember 2015.

You party poop pessimist, explorer poorer.   Tongue

Why not call it "action Jackson" or something more animated because it is surely likely to report that we are becoming richer and richer with the passage of time?  Perhaps call it "Lambo Generator?"    Shocked
WO-Bot
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March 20, 2018, 10:27:23 PM

You’ve only got one arm bro

Bot. Only. Need. One. Arm. To. Help. Master.


You pass the butter

Thank. You. Helpful. Citizen.
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March 20, 2018, 10:36:45 PM

glade length getting back on track

Could you elaborate?
HI-TEC99
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March 20, 2018, 10:39:47 PM
Last edit: March 20, 2018, 10:50:21 PM by HI-TEC99



Yeah, would be fantastic if somebody could take ChartBuddy’s role of posting graphs of the latest exchange prices on the hour, every hour.

It’s definitely missed.

But call it Tumbleweed.  Or Cricket.  That way it fits when there is a whole page with nothing but tumbleweeds.  or Crickets.  Remember 2015.

You party poop pessimist, explorer poorer.   Tongue

Why not call it "action Jackson" or something more animated because it is surely likely to report that we are becoming richer and richer with the passage of time?  Perhaps call it "Lambo Generator?"    Shocked


The party pooper can't use Tumbleweed. That name's already taken, and so is Cricket.

It's getting so difficult to find a username that isn't taken that someone had to choose pfrtlpfmpf

He considered choosing Perfrumple Fumplmumf, but it's too long.


Perfrumple Fumplmumf

I thought of that, but it was to long . . .


explorer
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March 20, 2018, 10:45:53 PM



Yeah, would be fantastic if somebody could take ChartBuddy’s role of posting graphs of the latest exchange prices on the hour, every hour.

It’s definitely missed.

But call it Tumbleweed.  Or Cricket.  That way it fits when there is a whole page with nothing but tumbleweeds.  or Crickets.  Remember 2015.

You party poop pessimist, explorer poorer.   Tongue

Why not call it "action Jackson" or something more animated because it is surely likely to report that we are becoming richer and richer with the passage of time?  Perhaps call it "Lambo Generator?"    Shocked


The party pooper can't use Tumbleweed. That name's already taken, and so is Cricket.

Prefix - WO
icoping
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March 20, 2018, 10:49:13 PM

There's a difference between Being a FUDster and recognizing a downtrend. This year's gonna be bearish or flat. I doubt we'll see prices over $18K this year. I doubt we see prices below $5k this year, or ever again to be honest.

I am not sure if you are NOT a FUDster merely because you attempt to explain your conclusion a bit more that the averabe FUDster.

You have determined that we are in a "downtrend" and you have made a pretty strong statement to cover all of 2018, which seems a bit FUDdish because you are implying to have some kind of decent knowledge or expertise without knowing and predicting a negative outcome without really backing up your claim with any kind of substantial or material evidence - besides your mere statement.

We are in a downtrend.

-60% from ATH

What's to argue here again?

So far we are getting numerous deadcat bounces and no convincing rally re-establishing strength to the 12-15k level.

300 million tether printed, which could or could not pump the price and which may or may not be fraudulent (who knows)?

Meanwhile, Bitcoin's transaction volume dropped dramatically after hitting the ceiling. Thousands of people who were trying to use bitcoin for the first time had an absolutely deplorable first use experience, and might not ever try again. Tx volume is continuing to go down. This is certainly not good if you want another huge rally again soon.

Bitcoin needs to be used as actual currency with increasing levels of tx volume in order to maintain it's value. "Store of value" only was always a laughable joke from the beginning.
HI-TEC99
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March 20, 2018, 10:52:00 PM


FUD



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