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

[marcus_of_augustus]

I have been watching BTC since June of '11.  I've seen several of these climbs...  each one making the previous one look like a pimple.  Sometimes they have been months apart, sometimes years.

This last one...  magnificent.  I fantasized of owning beachfront maui property.  Oh well...  

But my question.  

Do you really think that one was it?  The last one?  No more coming?  This last one will NEVER do the pimple trick?


(Ps.  I am psyops agent cA7739011)

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

[Jacques_Bittard]

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months.

You weren't thinking you were greedy and you were only driven by desire. Probably because you are playing with more then you can afford.
My recommendation is to sell during the weekend, where this "reversal" will probably peak again. And then leave it be until everyone else are in tears, and then only start considering buying back in. You will have plenty of time since it will rest after the bottom is reached.
During bull markets, then you have to watch out for being trapped with FUD. During these bear markets, FOMO is your enemy and the majority of traders lose because they were caught in FOMO.

[Phil_S]

We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months.

Q2 is always good.

[realr0ach]

Basically I'm thinking I don't know what I was thinking not selling at $19k or at $14k. I totally capitulated in spirit around $7900. We're now a thousand below that and I'm thinking, what will I be thinking in another 3 months.

You will probably be thinking you should either stay away from Jewish kayak pump and dumps or front run them.

Meanwhile, in Korea:

http://dailystormer.name/south-korea-obese-sheboons-twerk-in-subway-attack-passengers/

[HairyMaclairy]

I have been watching BTC since June of '11.  I've seen several of these climbs...  each one making the previous one look like a pimple.  Sometimes they have been months apart, sometimes years.

This last one...  magnificent.  I fantasized of owning beachfront maui property.  Oh well...  

But my question.  

Do you really think that one was it?  The last one?  No more coming?  This last one will NEVER do the pimple trick?


(Ps.  I am psyops agent cA7739011)

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

Bitcoin currently has a market cap of $116 billion.  The NYSE has a combined market cap of $21 trillion.  It seems reasonable enough that the Bitcoin ecosystem could rival the NYSE in market cap, especially if security tokens start cannibalising the traditional stock exchange model.  Of course to get there, we need side chains which can provide coloured coins or similar tokens.  But people are working on it.  

That would be another 200x current value which would be circa $1.3 million per BTC.  Factor in lost coins and you might squeeze out US$2 million per circulating coin.  That would provide a comfortable standard of living for most people on this thread. 

[Gyrsur]

next 24h are critical.

[serveria.com]

A little dump and the bears and beartrolls are emerging from their dens. Despite their prophesies of DOOM the price is still around $7k. Nothing new: HODL and buy the freaking dip! 

[Rosewater Foundation]

A little dump

hilarious..

[yonton]

A little dump and the bears and beartrolls are emerging from their dens. Despite their prophesies of DOOM the price is still around $7k. Nothing new: HODL and buy the freaking dip! 

Let the bears have a little fun, they've been in hibernation since 2013 waiting for this tiny blip lol Once we resume growth, we won't see them again until 2023.

[pacman7331]

We need to go to 6k to double bottom. Then we can go up... the longer this takes the longer we wait for BTC to recover.  

6500 was already rejected as a support level because we didn't break out of the most recent downward trend. Gotta test the bottom.

[HairyMaclairy]

A little dump

hilarious..

Rose:  if you are really concerned about a crypto winter, sell 10% of your holdings on the next pump over $7k so you can spend your time worrying about being bear trapped.  Its much more relaxing worrying that you will make money with 90% of your stash.  

[Rosewater Foundation]

A little dump

hilarious..

Rose:  if you are really concerned about a crypto winter, sell 10% of your holdings on the next pump over $7k so you can spend your time worrying about being bear trapped.  Its much more relaxing worrying that you will make money with 90% of your stash.  

I'm just buying enough dollars to make ends meet. We've already doomed more than I thought possible. Tomorrow is all about acceptance.

[serveria.com]

A little dump

hilarious..

Rose:  if you are really concerned about a crypto winter, sell 10% of your holdings on the next pump over $7k so you can spend your time worrying about being bear trapped.  Its much more relaxing worrying that you will make money with 90% of your stash.  

I'm just buying enough dollars to make ends meet. We've already doomed more than I thought possible. Tomorrow is all about acceptance.

A year ago in April 2017 the price was ~$1200-1300 and you're talking about doom and capitulation? 

[mindrust]

I am not considering this a dump. Nowhere near. This is just a healthy correction. If you take a look at he charts you'll see.


See? We are still on track.

On the other hand, I am not saying this will go like this. It very well may not. All I'm saying is its too early to call it a "dump". Mmm mm no no no. Get back to $1-2k and that's what I would call a "dump". %80 of the people here won't give a damn as long as we stay above $5k. If we ever get to see $1k however...

next 24h are critical.

Damn right.

[explorer]

A little dump

hilarious..

Rose:  if you are really concerned about a crypto winter, sell 10% of your holdings on the next pump over $7k so you can spend your time worrying about being bear trapped.  Its much more relaxing worrying that you will make money with 90% of your stash.  

I'm just buying enough dollars to make ends meet. We've already doomed more than I thought possible. Tomorrow is all about acceptance.

A year ago in April 2017 the price was ~$1200-1300 and you're talking about doom and capitulation? 

I've been expecting $5000 since...  Well, $5000.  The transition was much too abrupt, and the area just didn't get enough lovin'.
Not that I particularly want to go there, you understand, but it seems that we should.  Just on principle.

[windjc]

only way we gonna get a bullish weekend is if we rebound off all time lows

All time lows are around .005 cents. FYI

[Karartma1]

Eclair Lightning wallet for Android now available on Google play.

https://play.google.com/store/apps/details?id=fr.acinq.eclair.wallet.mainnet

Works too... this thing.  Easily.  Instantly.  But can only send.  I hope this is not a limitation imposed by not running a full node.  Because full nodes on cellphones are kinda... meh.

Yes, SPV limitations in place but I guess if we use it for spending only that is fine by me.
I've just found this article on medium, hope you like it
https://medium.com/@kingonly/understanding-lightning-network-using-an-abacus-daad8dc4cf4b

[yefi]

... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply.

Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway.

Sounds reasonable to me. To reach gold parity in one or two decades is really an astounding feat. I do fear a bear market like no other after that point however. Nasdaq took 15 years to recover after the dot-com run-up, and perhaps Bitcoin will suffer such fate before we see more pedestrian and sustainable growth.

[SidETH]

Factor in lost coins and you might squeeze out US$2 million per circulating coin.  That would provide a comfortable standard of living for most people on this thread. 

You mean I won't be a billionaire after all?
Life is hard.

 

[TERA2]

only way we gonna get a bullish weekend is if we rebound off all time lows

All time lows are around .005 cents. FYI

This would put the price of the two pizzas at $50, but two pizzas are usually $20, putting the pizza price at $0.002, and there were probably lower prices even before that.