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

[Hueristic]

We are repeating the same patterns from 2013/2014/2015.

Bitcoin will drop back down to 2-3k and consolidate there for a while before resuming the next major bull run, probably fluctuating between 3 and 5 grand for a while.

Eth will return to $200ish, Bitcoin Cash will drop to 300-400

This is my prediction and I don't give a damn if you think I'm a nutcase.

I can only go off what I see happening now and so far the pattern is almost the same.

Would you care to make a side bet on that?

I like how people claim bitcoin can't go below cost of production...except for the fact that one of the largest miners on earth (KNC) went bankrupt from exactly that happening already.  In case you haven't figured it out, it's not actually possible for the money changers to destroy gold and silver by naked shorting it; they can only short it down to cost of production and that's it.  However, it's extremely easy for the money changers to destroy bitcoin if they want by shorting it below cost of production:

...

I do have to somewhat agree on this point, The Ol USD can be printed in sufficient quantities to destroy this cap. But no it would not by any means be easy, I'm sure the Ol "National Security" flag would have to be draped over it. IT would just become another part of the war on terrorist (translated: War on whatever we don't like or whatever doesn't do what we tell it to do).

{cutz}
 Just because it costs the miners $X today doesnt mean shit.  Trump could make a comment in passing about enacting laws banning crytocurrency and the price would be $2-3K by tomorrow morning.

With all due respect, I think you are mistaken (or a newbie, full of shit, see above). Neither Trump nor the USA control BTC.

As in the above post The USA can destroy the CC economy even if not the infrastructure itself.
 

not my proudest fap

ROTFLMFAO! I needed that laugh after wading through pages of this. Thats it for now I can't do it.

[Last of the V8s]

https://dietbitcoinico.org/ddx.pdf

[infofront]

OK. Never did get the whole pants thing anyway. Is that a local micro-meme initiated when BMB announced 'No time to explain! Gimme your pants!' or something to that effect?

Yes

[savetherainforest]

EDIT: Ignore Meta

I am surprised you guys know about the Bogdanoff brothers ...

Who?? .... Those two monkeys ??

[JimboToronto]

Good morning Bitcoinland.

Truckin' along sideways in the mid-$8k range... currently $8653USD/$111130CAD (Bitcoinaverage).

Waiting for the weekend.

Not my proudest fap

Wow a lot of fags on this forum... isn’t there a fourm for gaycoin holders? My ignore button is getting overheated.

I’m sure they aren’t after you buddy. What’s the problem?

He’s in denial....just waiting to burst out of the closet

My thoughts exactly. Methinks the laddie doth protest too much. Unsure of his professed heterosexuality?

[bones261]

Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss. REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market.  

[bones261]

Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss. REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market.  

Please tell me you aren't serious...

Yes I am serious. The sentiment around here has been rather bearish. So I gave it a shot. Now I am a few bitcents poorer.   Unfortunately, since I set my stop losses rather conservatively, the stop losses got filled. Oh well, guess it's back to the step method JJG likes so much.

[bitserve]

Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss. REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market.  

Shorting with stop losses is exactly the opposite of what I do (banking on the volatility). If you are gonna bet on downtrend (the same is applicable to uptrends) don't set a wimpy stop loss and go on with it till the end. Or a least make sure you can cover even if price goes 50% against your bet. Otherwise volatility will kill your position sooner or later.

P.S.: I am referring to what I do with my trading stash which, currently, amounts to only 10% of my long term total holdings.

[Karartma1]

RECENTLY

Growing you a Legendary V8  
You can't seriously be a Hero down here
You are such a good source for info

[realr0ach]

1D: 7/50/200 SMA

Nice. Looks like we're not going under $8000. Never ever.

It's only a trend line until it's not. One of these lines will be broken soon enough. Or even both.

We all know exactly what's going to happen already.  In metals, the ESF tries to paint the tape to crash through the moving averages and trendlines every single time.  In bitcoin it's the exact opposite.  They will try and paint the tape upwards and if the single entity that controls the price on Bitfinex ever since $200 can't get any idiots to chase the pump, they will then drop the bomb on you straight to $6000 or lower.  It's pretty obvious to me from how they try and paint the tape upwards every single time, that (((organizations))) are rigging the bitcoin price upwards with the blessing of (((government))).  

There is no other way possible bitcoin can be artificially painted upwards so often unless the govt allows it since the govt has plenty of resources to prevent that from happening.

[bones261]

Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss. REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market.  

Shorting with stop losses is exactly the opposite of what I do (banking on the volatility). If you are gonna bet on downtrend (the same is applicable to uptrends) don't set a wimpy stop loss and go on with it till the end. Or a least make sure you can cover even if price goes 50% against your bet. Otherwise volatility will kill your position sooner or later.

I was trying to use this as a hedge. I don't want to risk being liquidated for the full 20% of my holdings on a 5x margin. Oh well, this is not for me. Hulk candles are not going to make this strategy work for me.

[Last of the V8s]

RECENTLY

Growing you a Legendary V8  
You can't seriously be a Hero down here

whoa thanks man, but i just a shitposter

[serveria.com]

Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss. REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market.  

Shorting with stop losses is exactly the opposite of what I do (banking on the volatility). If you are gonna bet on downtrend (the same is applicable to uptrends) don't set a wimpy stop loss and go on with it till the end. Or a least make sure you can cover even if price goes 50% against your bet. Otherwise volatility will kill your position sooner or later.

I was trying to use this as a hedge. I don't want to risk being liquidated for the full 20% of my holdings on a 5x margin. Oh well, this is not for me. Hulk candles are not going to make this strategy work for me.

Dammit I love this GIF it's epic...

[realr0ach]

I speculate that JJG imagines themself to be the mostest specialest importantest poster in all of Bitcoindom.

Don't worry, Theresa May is coming for JayJuanGoyim:

http://dailystormer.name/theresa-may-wants-to-take-your-bank-money-away-and-give-it-to-niggers/

[Last of the V8s]

"Alexa, delete my Facebook".

[Raja_MBZ]

Bitcoin massively trying to get up but bears not allowing it to do so. Still, I'd not be surprised if we start seeing Vegeta's 9000 scouter again within the next 24 hours, even though its a week-end.

[infofront]

Bitcoin massively trying to get up but bears not allowing it to do so. Still, I'd not be surprised if we start seeing Vegeta's 9000 scouter again within the next 24 hours, even though its a week-end.

Vegeta memes prepared and standing by. Awaiting further orders.

[HairyMaclairy]

It’s definitely not over but the bounce off $8200 was unexpectedly strong.  I think that may have rocked some bears.

The optimism chart says we will break the downtrend in April.  

[Paractor]

It’s definitely not over but the bounce off $8200 was unexpectedly strong.  I think that may have rocked some bears.

The optimism chart says we will break the downtrend in April.  

And the financial downturn during the past two days will not affect this run up?

[bones261]

It’s definitely not over but the bounce off $8200 was unexpectedly strong.  I think that may have rocked some bears.

The optimism chart says we will break the downtrend in April.  

It sure rocked my world when I tried to be a bear last night and this morning.