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

[El duderino_]

What's up with that new poll, it's a bit weird ?

YEAH very weird but don't like don't look or participate.... same for those that don't like BTC and prefer FIAT system and banks

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[Last of the V8s]

guys, I was asked to warn you nasty scammer resurfaces https://bitcointalk.org/index.php?action=profile;u=215842 Black_Arrow_UK


https://archive.is/tTt40
https://archive.is/pRjPR

[serveria.com]

Latest from Masterluc (google translate):

"As I wrote, the price can rebound from the level of ~ 6000, drawing a double bottom. It would be a Paschal miracle. Technically, however, the price is in the progressing bearish zone, below the most important curves, the fall potential (theoretically up to $ 3000) has not yet been exhausted. The situation on Wall Street is also not encouraging.

In the long run, buying at current levels is very profitable, I believe.

Something like this."

However I have to add this guy's latest predictions were mostly wrong (at least if we speak about the timing).

[HairyMaclairy]

For those of you comparing gold to bitcoin, don’t.  

The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it.  We have mined far more gold since 1950 than we have in all of history, and that has flooded the market.

The best estimates currently available suggest that around 190,040 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.

Source:  https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined

Further there are too many planned mine expansions.  A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver.  That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.

So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market.

Bitcoin is scarce.  Gold is as common as dirt.

[Toxic2040]

When infofront takes April fool's to the next level...   


Good afternoon all.

Bitcoin has had a nice rebound this morning to bring us out of the desert of despair back towards the 7k mark. We might test this level at 6.9k as shorters try to scalp some profits I believe but the trend upwards has begun.



Posting this because..well...I like rockets. :p

[Biro Bob]

F*** i have the badest morning ever ...... lost coins

Uh what happened?   How did you lose coins ?

i don't know WO toke some i guess i just


Politeness: 164
fMerit: 280
Imagination: 40
Virtue: 11
COINS : 88  ??
Karma: 1

Maybe it’s for playing WO Top Trumps?

[arklan]

that poll is hilarious.

[HairyMaclairy]

I’m sorry guys the rebound from $6400 was mechanical buying.

Shorts being liquidated and buy stop orders being triggered.

It’s not a real rally imho, it’s just market mechanics.

[Torque]

What's up with that new poll, it's a bit weird ?

YEAH very weird but don't like don't look or participate.... same for those that don't like BTC and prefer FIAT system and banks

The only choice infofront's poll is missing is the coveted "It already has!" slot for the BCash true beliebers   

[Biodom]

An interesting take on bitcoin (it could have been posted here, but it is a first time I have seen it):

https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdf

Major points:

1. $4.4-9.9 tril final value for the store of value use, but could rapidly (months) increase to $1.5 tril (which is about $112K or $86k fully diluted). My opinion: he wrote it when btc was at 15-17K, so run up in months to $1.5 tril would be postponed, most likely.

2. An interesting comparison with AMZN, which was $107 in 2000 but was $1600 recently. In between AMZN declined to $5-6.
The author says that if you calculate by dec 2017 AMZN price, it increased "only" by 14% yearly between buying during internet "bubble" peak and Dec 2017. I recalculated to the recent AMZN peak of $1600 and it is rather 16.5% yearly.
However, if you count from 2001 AMZN low of  5.76, you'll get 39.5% yearly return from 2001-2018.
Well , 39.5 is much better than 14-16.5%, but even 16.5% is OK.

I guess my point is that those who bought at $17-20K would be similar to investors who bought AMZN at around $100 in 2000 and those who bought either earlier (up to btc $1000) or later (at the bottom whenever it comes) would be in a similar situation to AMZN buyers at either IPO or in 2001. They would just have to wait maybe a decade or so. The upper target in the article is 260-800K/btc.

[bones261]

I’m sorry guys the rebound from $6400 was mechanical buying.

Shorts being liquidated and buy stop orders being triggered.

It’s not a real rally imho, it’s just market mechanics.

I'm not sure the bounce was strong enough to squeeze a short from the bottom. The most leverage that I know about that directly interacts with the market is 5X. Unless whales are being given more leverage than I am aware of. Bitmex and OKex are total derivatives, I thought.

[TERA2]

In other words is it a glade? Or is it a rally within the bigger glade thatll extend the larger glade and perhaps revisit $8K before the real crash?

[JayJuanGee]

The good news is that the Sun will come out.........just not tomorrow, and I will bet my bottom dollar. I would be a heavy buyer around April 6th, and again mid-May. And early 2019.

P.S. this chart is from the future, your results may vary.

[https://s18.postimg.org/qsf1exrw9/The_sun_will_come_out.png[/img]

Yes.... Results do happen to vary..... Results especially vary from your random predictions. 

I thought that you would have given up after your stupid-ass March 5 fiasco'ed attempt at sorcerer status?

Oh?  I forgot.  The practice of a wanna-be sorcerer is merely to keep making spectacular predictions, and sooner or later one of those predictions will happen to come true.   

Pot-Kettle argument:

Most of your posts are worth very little because when you attempt to make predictions you want to play both sides of down/up that the post ends up being meaningless drivel; much akin to the statement "a coin flip could produce either a heads up or a tails up"


I'm not going to quote any of your bs posts here because you posting them once was too much already

 

The March 5th thing was a Bazinga!......I sodled before Cinco de Marzo

You are pretty disingenuous telling everyone to buy before March 5.. .and then supposedly doing the opposite.  

Don't be comparing me to you in these regards.  

Furthermore there is a bit of a problem with always wanting to be right.  Sure, I do a similar thing in terms of predicting probabilities to suggest probabilities for both up and down that frequently border on 50/50 or 60/40 if I am feeling confident, so in that regard, I am never really wrong, but that is not nearly in the same ballpark as the thing that you are doing in terms of making much more certain predictions and attempts at trolling sorcery that are ambiguous enough so you can always assert that you were correct.

[TERA2]

looks like a local bottom at the least.


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

Are we just drawing random lines on the chart again that dont connect with anything, in linear scale?

[fabiorem]

Are we just drawing random lines on the chart again that dont connect with anything?

He is just showing that if the market recovers back to 8k, it will be a double bottom at 6k.

[HairyMaclairy]

I’m sorry guys the rebound from $6400 was mechanical buying.

Shorts being liquidated and buy stop orders being triggered.

It’s not a real rally imho, it’s just market mechanics.

I'm not sure the bounce was strong enough to squeeze a short from the bottom. The most leverage that I know about that directly interacts with the market is 5X. Unless whales are being given more leverage than I am aware of. Bitmex and OKex are total derivatives, I thought.

Good point but there must be an arbitrage link between Bitmex and OKex and physical markets.  And shorters will want to buy to close their positions.

[HairyMaclairy]

In other words is it a glade? Or is it a rally within the bigger glade thatll extend the larger glade and perhaps revisit $8K before the real crash?

Do bears poop in the glade?

[BTCMILLIONAIRE]

For those of you comparing gold to bitcoin, don’t.  

The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it.  We have mined far more gold since 1950 than we have in all of history, and that has flooded the market.

The best estimates currently available suggest that around 190,040 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.

Source:  https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined

Further there are too many planned mine expansions.  A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver.  That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.

So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market.

Bitcoin is scarce.  Gold is as common as dirt.

Not to mention the very real threat of synthetic gold becoming dirt cheap with breakthroughs in either the synthetic process itself or energy (nuclear fusion), or future asteroid mining. I wouldn't bet on metals for the next decades as a safe haven.

[bones261]

For those of you comparing gold to bitcoin, don’t.  

The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it.  We have mined far more gold since 1950 than we have in all of history, and that has flooded the market.

The best estimates currently available suggest that around 190,040 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.

Source:  https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined

Further there are too many planned mine expansions.  A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver.  That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.

So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market.

Bitcoin is scarce.  Gold is as common as dirt.

Not to mention the very real threat of synthetic gold becoming dirt cheap with breakthroughs in either the synthetic process itself or energy (nuclear fusion), or future asteroid mining. I wouldn't bet on metals for the next decades as a safe haven.

I'm not sure why people all go to nucleosynthesis and asteroid mining when presenting these arguments. The gold industry hasn't even made it economically feasible to do deep sea mining or just digging deeper. We haven't even pecked the surface of our own planet. I would imagine going down deeper  into the crust and maybe even starting to go into the mantle would be way cheaper than flying back and forth to some asteroid.

[Ivor Biggun]

For those of you comparing gold to bitcoin, don’t.  

The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it.  We have mined far more gold since 1950 than we have in all of history, and that has flooded the market.

The best estimates currently available suggest that around 190,040 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.

Source:  https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined

Further there are too many planned mine expansions.  A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver.  That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price.

So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market.

Bitcoin is scarce.  Gold is as common as dirt.

Not to mention the very real threat of synthetic gold becoming dirt cheap with breakthroughs in either the synthetic process itself or energy (nuclear fusion), or future asteroid mining. I wouldn't bet on metals for the next decades as a safe haven.

I'm not sure why people all go to nucleosynthesis and asteroid mining when presenting these arguments. The gold industry hasn't even made it economically feasible to do deep sea mining or just digging deeper. We haven't even pecked the surface of our own planet. I would imagine going down deeper  into the crust and maybe even starting to go into the mantle would be way cheaper than flying back and forth to some asteroid.

Aluminium used to cost more than gold, then someone figured out how to produce it electrolytically. An inventor can sometimes disrupt an established market like aluminium or gold.

Satoshi's invention springs to mind as another example.