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Question: What happens next?
$7,500 - 25 (58.1%)
$9,500 - 18 (41.9%)
Total Voters: 43

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21433613 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. (129 posts by 23 users deleted.)
Robin,Hood
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April 01, 2018, 04:56:11 PM

Common we need a new poll ;-)    Mr sir thanks

Somebody just did one - A really embarrassing one
Appropriate for the date
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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jbreher
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April 01, 2018, 04:57:16 PM

Even if it dropped 4x during that year, it was such a good year for bitcoin.

Well, it was. Perhaps you are so laser-focused on the instantaneous price that you are blind to everything else in the ecosystem. Large investments were made in 2014, developing the facilities that provided increased utility. Which in turn led to the late 2017 spike.
RewFrew
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Give me your tips for free.. And yes thanks.


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April 01, 2018, 05:01:16 PM

I Already pointed out the support @ 6.600$ 2 Days ago.

The Weekly RSI WAS @30.  The last time we saw this low Weekly RSI was in: 29.09.2015!!

The pressure for the downtrend below 6.600$ to 6.430$ was duo to big wales wanting a good reload @ around 6.600$

We saw now there is no big whales trying to stop the bitcoin pump. they also can sell @ around 7.300$ then push the price for 6.000$ for a last reload before the big pump.

If the bitcoin price doesnt go to near 9.000$ in the next 48H then  a last dump gonna occur.


STT
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April 01, 2018, 05:02:10 PM

I'd say don't trust these movements while fiat transfers are unavailable.
A whale isn't a bear or a bull. The most effective shakes are both down and up.

A price that moves in one direction only is too close to free money.   Doesnt happen in a free market, it will always double back and take profits.    Even while its moving a bullish or bearish trend.  

So whats most relevant here is strong support negated, an april fools price.   I saw this on twitter, a false breakdown is strong confirmation of a good reversal.   Not exclusively a crypto thing, happens in lots of markets.   Because BTC is global and never closes its also quite a unique market to judge but I think the commentary is correct so reposting :p

RayX12
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April 01, 2018, 05:02:27 PM

For the gold bugs:



and this one:

conspirosphere.tk
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April 01, 2018, 05:07:11 PM
Merited by STT (1)

looks like a local bottom at the least.


https://www.tradingview.com/chart/BTCUSD/ae5wrDRF-Bitcoin-Dollar/


https://www.tradingview.com/chart/BTCUSD/c0BQyc92-BTCUSD-Touch-the-Down-site-Support-level/
fabiorem
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April 01, 2018, 05:07:27 PM

Its already two times we reached this bottom of 6k.

Can we consider this a double bottom?
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April 01, 2018, 05:09:21 PM

Its already two times we reached this bottom of 6k.

Can we consider this a double bottom?

Double bottom? Photo required!

Jacques_Bittard
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April 01, 2018, 05:09:44 PM

Even if it dropped 4x during that year, it was such a good year for bitcoin.

Well, it was. Perhaps you are so laser-focused on the instantaneous price that you are blind to everything else in the ecosystem. Large investments were made in 2014, developing the facilities that provided increased utility. Which in turn led to the late 2017 spike.

Sorry, but I can't take bitcoin ecosystem with any serious consideration. That ecosystem is a payment network with 5 million active users and 7 billion $ of mining costs. If the ecosystem would have any importance on the price, then bitcoin value would be in double digits or less. Hype and high hopes dictate the price in crypto markets, not the development of the ecosystem.
B1tUnl0ck3r
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April 01, 2018, 05:10:25 PM

Just hodl until 20231.

 Grin
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April 01, 2018, 05:10:25 PM
Last edit: April 01, 2018, 05:29:37 PM by markj113
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For the gold bugs:




Except your charts are nonsense.

Gold cannot be counterfeited.  It is an element and cannot be recreated.  You can buy something shiny and yellow but its not hard to work out if its real gold or not.

Sovereign - Most countries issue government gold e.g. eagles, britannias, krugerrands, pandas etc.  and what about the "Gold sovereign" is that sovereign enough for you.

Decentralised - how many people own a gold ring or piece of jewellery.  A lot more than hold crypto + you have individual investors that purchase gold in bar or coin form.

Divisible - you can buy gold down to grains (15.4324 grains to 1 gram), gold flakes, gold leaf etc.

Portability - a 1kg gold bar is the size of a smart phone, how big is a pile of fiat worth £32k?

Scarce - All the gold ever mined fits in 1 Olympic swimming pool.

Easily transactable - Depends how you define it.  Globally you can walk into a dealer/jeweller with gold and walk out with the local currency.  I have previously sold over £50k gold to a bullion dealer, walked in and funds were in my account by the next morning.  Currently have over £400k worth of gold which will be easy to sell in 1 hit when I choose too.

SMART (programmable) - Just another way of saying "adding 3rd party risk" as the programmable parameters of bitcoin are not in your control.

Biased nonsense.
bones261
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April 01, 2018, 05:11:09 PM



Of course. The bottom is less than $7000 away, the ATH is $13000 away. (absolutely 100% certain, not guesswork !)

There is a point to thinkng about it this way.

Shouldn't we be using a different scale here rather than linear? A 50% drop seems ~ equivalent to a 100% rise, due to simple supply and demand. I know the right scale isn't exactly parabolic due to Fomo and panic selling; however, I would expect the rise in support would eventually reach a bend in a J curve and some low price.
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April 01, 2018, 05:18:46 PM

p.s. gold supply is infinite in an infinite universe, please stop spreading fake news Smiley.

No probs, if you can supply it in unlimited quantities below current market rate drop me a pm.

Didn't realise Pivx was funding an interstellar mining operation, you should pair with wirelesscoin that were doing timetravel Smiley
B1tUnl0ck3r
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April 01, 2018, 05:21:07 PM

p.s. gold supply is infinite in an infinite universe, please stop spreading fake news Smiley.

No probs, if you can supply it in unlimited quantities below current market rate drop me a pm.

Didn't realise Pivx was funding an interstellar mining operation.

just solar for starter... trying to keep expectations low Smiley. the problem is that you can't store it in unlimited quantities... Smiley.
Dakustaking76
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April 01, 2018, 05:23:34 PM

Lol what does the new poll means about bitcoin cash??? Taking over bitcoin core And Be the real bitcoin??
Sarcasm ore do you guys mean it?
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April 01, 2018, 05:24:45 PM

Lol what does the new poll means about bitcoin cash??? Taking over bitcoin core And Be the real bitcoin??
Sarcasm ore do you guys mean it?

There should be the option of never on the poll.  Angry
RayX12
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April 01, 2018, 05:24:49 PM

Sound like you can avoid paying taxes on crypto if you move to Puerto Rico?

https://www.democracynow.org/2018/3/21/the_battle_for_paradise_naomi_klein

"But in addition to that, these twin laws, Act 20 and Act 22, mean that if you relocate to Puerto Rico for just half the year—so you can basically just skip winter, which I’m sure, to New Yorkers, sounds very appealing just about now—so you spend 183 days in Puerto Rico, and, in return, you don’t pay federal taxes. You don’t pay taxes on dividends. You don’t pay taxes—capital gains taxes on interest. And if you change the address of your financial services company or your cryptocurrency company, then you’d pay a 4 percent corporate tax rate. So, if you think about what’s just happened to U.S. tax law, where Trump has offered this huge tax reduction which brings the corporate tax rate to 20 percent, Puerto Rico is besting that with a 4 percent corporate tax rate. So they’re doing absolutely everything they can to lure high-net-worth individuals and these very mobile industries, that basically can do what they do from wherever they have access to data. And so, now there’s a big push to attract the cryptocurrency market to Puerto Rico."

A review of this article by Keiser report here:

https://www.rt.com/shows/keiser-report/422841-episode-max-keiser-1208/
mike4001
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April 01, 2018, 05:24:56 PM

Nice pump.

Should I now sell everything before the inevidible dump ?
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April 01, 2018, 05:25:49 PM

What's up with that new poll, it's a bit weird ?
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April 01, 2018, 05:27:06 PM

Nice pump.

Should I now sell everything before the inevidible dump ?

Probably.. the general rule is that you sell during this quick pumps. Quick pumps like that are meant to cause FOMO and because of that, a slow bleed downwards will probably follow.
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