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

[RejectedBanana]

We're now on month three of higher lows and lower highs. Not much foot or head room to keep playing this game, two or three weeks tops before one or the other trend line breaks.

Anyone pay attention to ALFAquote's Fair Price Index? The market certainly doesn't seem to. Too bad something like this doesn't make it on MSM finance reporting, to help with price discovery, futures, sentiment, etc.



Are there other published indices like these? Stocks and equity markets have all kinds of economic indicators to guide fair value. Methinks this is sorely needed in the crypto world, too, and tying it to spot mining costs is probably about as good it can get.

How low is low enough for bulls to realize these are already bargain bin prices? For any remaining butt-hurt bears on the fence to finally GTFO and leave us to our rockets, trains and violins?

[HairyMaclairy]

What electricity price do they use in their model?

Edit:  seems detailed information regarding calculation is not available which is a shame.  

[Arriemoller]

So. I was going to sell some of my stash this summer to pay of all my loans and then retire and live of my passive income that I have from my disability pension, some insurances that pays out monthly and some other stuff. That would give me a nice middle class life with no worries. And as a nice topping on the cake I would get to see the face of my employer when I tell him I quit. I'm one of only two guys who knows how to do that special job right now and he would be in a state of slight panic. He is also a real asshole, which is why that would have given me much rejoice.

But to my great disappointment he went belly up a month ago, so I have been without a job for a month now, and have to sell right now instead of in the summer. Bad timing but nothing I can do about it.
I just sold one fourth of my stash and when the money hits my bank account tomorrow I will immediately pay of all debts and bills. and then I will take a tour of nostalgia to places in my life, an actual tour through the city that is.
I will stop and reminisce on the places I have lived and the places I have worked and other significant places from my life, and then I will just go somewhere and have a cup of coffee and enjoy total freedom from work and debt.
I am now officially retired at 57 and it feels great.

Another of us who breaks out. Way to go, Arriemoller. Wherever you want!

Thank you d_eddie.

[d_eddie]

We're now on month three of higher lows and lower highs. Not much foot or head room to keep playing this game, two or three weeks tops before one or the other trend line breaks.

You watch the playground closely, as we know from your beautiful letters to Mom & Pop.
I appreciate your tentative timing. I would agree with it, but what do I know?

What I'd like to hear from you is: any hints or hunches as to which trend line seems easier to snap?

[Toxic2040]

Who spends waaay to much time trying to "save" us from the evils of a digital future not to have any skin in the game.

-many good words snipped-

I am now officially retired at 57 and it feels great.

+1 WOsMerit Congrats Arrie... I am sure you are going to love it! Walking a couple miles a day is the key.

Such doom. Remind me to not listen to people.

Kill him...get Vitalik on the line

I want that stack of pants back...

+1 WoSMerit 

+2 WOsMerits  The ones with the lower case "o" just are not quite as powerful..

+1 WOsMerit @samson yep..thanks for the info..   fyi...most attorneys recommend not discussing ongoing litigation..ymmv.

Nothing but good news coming in and the price is going down...huh.. Sheeples should not own bitcoin imo. Please..more weak hands need to sell..we can get this down to 6k or lower I am sure.


i am thinking that doing the opposite of what ever i say at this point might be the best advice i can give. #dyor #btfd

[Phil_S]

About 100 days since ATH... and now we're under 8000. Depressing.

[bikerleszno]

First we have to retest 6k$ and then we will go back to 12k$ and more

[d_eddie]

8k broken
someone should be glad not to have said "never ever" 

[mike4001]

Down we go.

Is there still anyone out there believing we will go above 10k in the foreseeable future?

[pacman7331]

Wow. Bitcoin has food poisoning.
Lost on that trade.  
Next support level 7500 then 7300.
Bitcoin vomit all over my screen.

[d_eddie]

Down we go.

Is there still anyone out there believing we will go above 10k in the foreseeable future?

I do. It's just the exact sequence of ups and downs that eludes me, unfortunately!

This is just the first shake. Brace yourselves, gentlemen.

[pacman7331]

First we have to retest 6k$ and then we will go back to 12k$ and more

No... we should be getting a death cross soon. Bear market follows. The last one lasted 1.5 years. Only broke out of it when the godlen cross (opposite of death cross) happened. 12k ain’t gonna happen after the death cross. 10k not likely either.

[InvoKing]

8k broken
someone should be glad not to have said "never ever"  

Someone has to remove March.
Better solution : years should start with December and end with December!

[Raja_MBZ]

Jump to $8400 coming up next tomorrow.

Then $84000 by 2019.

Then a million by 2020.

Can anyone be more bullish than me?

[Phil_S]

Stopped at 40% of ATH, for now...

At least I never offered anything, d_eddie.

[Raja_MBZ]

CNBC found the reason for the dip:

https://twitter.com/CNBC/status/978325069117181955

Sounds hilarious. It's probably not because of the ads.

[Torque]

[yefi]

You stick to ballet and I'll stick to trading gee

I think you better leave the trading up to Gee, actually.

Btw, what happened to your BTCP bet?

I'll bet you .1 btc btcp will be trading on bittrex Kucoin and many others before the end of the month

I'll bet you .1 BTC (more if you want) that it doesn't get listed for trade on Bittrex by the end of the month. If you're interested, tell me who you'd like to use for escrow from this list of trusted members. Cheers.

[WO-Bot]

Sir, you insult us. We are bots, and proud bots at that. You may be people. If so, you have our pity.

Greetings. Brother.

May. Your. Bolts. Be. Tight. And. Your. Bearings. Oiled.


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[Lopumbo]

stop comparing an actual company with your magic funbux tokens nobody cares about