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

[Elwar]

It's over 7000!!!

Hmm ... just doesn't quite have the same ring to it.

I was looking at the huge sell wall on the bottom that appeared briefly.

[Rosewater Foundation]

[Jacques_Bittard]

The best thing to hope for in this situation would be a fast and deep drop. It would at least temporarily shake things up and make the crypto game fun again. This probably won't happen, because a slow bleed is most profitable to the few, who own most of this market. Everyone else should "HODL tight", until they are unloading their "digital hope" into real wealth. This is the never-ending cycle of crypto-gambling.

[HairyMaclairy]

The best thing to hope for in this situation would be a fast and deep drop. It would at least temporarily shake things up and make the crypto game fun again. This probably won't happen, because a slow bleed is most profitable to the few, who own most of this market. Everyone else should "HODL tight", until they are unloading their "digital hope" into real wealth. This is the never-ending cycle of crypto-gambling.

You sound like someone with a two year investment time horizon. 

[JayJuanGee]

Shit how did btctalk know how many coins I had? Must be running some badass analytics.

Wait a minute... JayGuanGee: Politeness: 2280... hahahahahaha

From the way, Theymos explained the algorithm here, there seems to be a certain advantage with both wordiness and number of posts, because the more words and posts, then the more points users would get from some of the target words.

[jojo69]

Lol. So in America there are 350 million supercomputers and between 2.8 billion and 3.5 billion people assigned to track all the 350 million civilians? Lol. Sounds legit.

Conspiracy theorists =/logic

we outsource most of the surveillance to India

[Lontonbit]

https://i.pinimg.com/originals/62/29/c3/6229c35a149654b5808edcb6b699628d.jpg

[pacman7331]

I think we hit bottom... stoch rsi has a crossover and is pointing up... but maybe one indicator isn’t enough.

[itod]

I think we hit bottom... stoch rsi has a crossover and is pointing up... but maybe one indicator isn’t enough.

If indicators would be relaiable it would be too easy... We learned that the hard way. Just HODL, 1BTC = 1BTC until it is sold.

[pacman7331]

I think we hit bottom... stoch rsi has a crossover and is pointing up... but maybe one indicator isn’t enough.

If indicators would be relaiable it would be too easy... We learned that the hard way. Just HODL, 1BTC = 1BTC until it is sold.

I think there are layers of complexity. First layer is indicators. But one thing u can’t predict or control is 🐳

Volume also spiking now.

[TERA2]

Does anyone find that their clothing and demeanor does not yet match their new lifestyle and their confusing the hell out of everyone, security guards, etc.

[Rosewater Foundation]

Does anyone find that their clothing and demeanor does not yet match their new lifestyle and their confusing the hell out of everyone, security guards, etc.

I forgot to cash out at the top, and/or on the way down. My hobo lifestyle couldn't possibly be perceived as a threat to anybody. Except maybe other hobos.

[Newar]

I think we hit bottom... stoch rsi has a crossover and is pointing up... but maybe one indicator isn’t enough.

If indicators would be relaiable it would be too easy... We learned that the hard way. Just HODL, 1BTC = 1BTC until it is sold.

I think there are layers of complexity. First layer is indicators. But one thing u can’t predict or control is 🐳

Volume also spiking now.

If in doubt, fundamentals will win.

[serveria.com]

Hehe bears getting butthurt... we need some bear capitulation and pain 

[explorer]

Does anyone find that their clothing and demeanor does not yet match their new lifestyle and their confusing the hell out of everyone, security guards, etc.

LOL  i got hassled coming into NZ because I said I was retired when asked for occupation.

[HairyMaclairy]

Does anyone find that their clothing and demeanor does not yet match their new lifestyle and their confusing the hell out of everyone, security guards, etc.

Now that you are a gentleman:

https://www.debretts.com/expertise/etiquette/

https://www.bergdorfgoodman.com/The-Store-Bergdorf-Goodman/Store-Services/Personal-Styling/cat140006/c.cat

[El duderino_]

The best thing to hope for in this situation would be a fast and deep drop. It would at least temporarily shake things up and make the crypto game fun again. This probably won't happen, because a slow bleed is most profitable to the few, who own most of this market. Everyone else should "HODL tight", until they are unloading their "digital hope" into real wealth. This is the never-ending cycle of crypto-gambling.

There was allready a Nice and deep drop...... but the best is nobody knows When or what or how deep or how high what Going to happen Will be NEW for all of us
The tech is new and very exciting Many people wants to join it and young and younger people Will get involved more and more
Its Made to BOOOOOOM and skyrocket and firetrain and crush financial institutes and 

[Last of the V8s]

nouveaus are not gentlemen

[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.

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.

Because nuclear fusion is predicted for 2030ish, which would render energy as an abundant resource and hence make both synthesis and space mining more sensible than carving out our home planet. And that's just one drop in the ocean of inventions on the horizon.

[Last of the V8s]

bulls rn