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

[Jacques_Bittard]

If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  

When has that ever happened, that new, technologically more advanced and efficient products replace the old ones in some industry?

[mymenace]

If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  

When has that ever happened, that new, technologically more advanced and efficient products replace the old ones in some industry?

Huh?

EOS replace the system it is built on - Ethereum

Did i miss something?

[mymenace]

Set a goal in life, figure out how much money you need to do it, and stick to the plan.

When bitcoin breaks 10k again I'm moving to Thailand to become a full-time monger.

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

Paul Edward Vernon

[jojo69]

USD is the main currency in the US because of laws. There is no such law for Bitcoin. There is no way we can force or compel the average user to use the real bitcoin. .

ahh, but there is, it is called Gresham's law

[oblox]

Is this a weekend dump? Where’s the bottom?

Probably should watch your RSI. lulz.

[Syke]

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

My role model.

[Jacques_Bittard]

If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  

When has that ever happened, that new, technologically more advanced and efficient products replace the old ones in some industry?

Huh?

EOS replace the system it is built on - Ethereum

Did i miss something?

EOS is not based on ETH. The initial coin distribution is handled through ERC20. This ends after mainnet. This is the reason why EOS will hype most in this year. If the distribution cycle ends in july, then that is it, no more new coins. This will fomo the crap out of the market before launch.

[Torque]

Buying/trading for and holding some obscure crypto coin or token, on promises and wishful thinking that its supposed features will cause it to skyrocket in popularity in the future (with no parameters that define when "future" comes), is just the stupidest mentality imaginable. It's like a mental sickness.

Worked well enough for me with IOTA, Monero, NXT and Bitcoin. Bitcoin was definitely "some obscure crypto coin" when I first arrived here.

You completely and totally missed the point of what I said.

I could hold some obscure penny stock and make the same claim as you. It doesn't make the penny stock worth anything, or what the issuers claim it will be worth "in the future". I just got lucky if its price rose to something higher than what I initially paid. It's price has nothing to do with what the company is worth or is capable of doing TODAY.

People are buying and holding Bitcoin because of what it can do TODAY. If its features never evolved from here, people would still be buying and holding it because they are satisfied.

[jojo69]

ITT

tranny-cock-monger is a thing

[RewFrew]

Well.. Most of optimistic holders right there were not expecting bitcoin to break 3.000$ after a dump from 2.980$ to 1.800$ and go as high as 20.000$ 4 months later.

The average optimistic bitcoin projections after we break 3.000$ was 5.000$ for the end of 2018, and we know what happens.. bitcoin goes x4 of that average expectation.

Now also we are in the same situation. A pullback from 20.000$ to 6.000$ Then a try to retest the 20.000$ and go above in next weeks.

Again the average optimistic holders are praying for a price of 20.000$ again before end of 2018. So maybe we are going to make x4 of the average expectation before end of 2018 For a bitcoin price of 80.000$.

When/If bitcoin gonna hit 80.000$ the very big hedge funds and the richest persons are going to enter the market. This gonna coincide with a bitcoin pullback from 80.000$ to 40.000$ only because this time there are the richest persons in the world  willing to buy bitcoin after bitcoin going to be the number one on internet trends from here. So.. its going to be a very big support, and from there the real big boom gonna happend ( duo to the amazing big big bang money coming) and take bitcoin price from 40.000$ to 500.000$ before end of 2019 And then bitcoin officially recognised as the new GOLD and all the powers gonna submit to the new worldwide king.

Thats my projection.

I know it sounds like impossible, but with bitcoin all is possible. He goes from cents to 20.000$ in 7 Years and you think its impossible he make X25 in 2 years from the 20.000$ registred on december 2017 to december 2019?

I like your way of thinking. Sometimes we are too consumed by the short term charts and miss the big picture. If we keep our faith in what seems impossible now, we will be rewarded sooner or later.

Thank you mate.

We need more positive bull energy.

In the long run, bitcoin from hes creation, was only very bullish in the long run and that are not going to change.

Like you said, our brains are by default focused on the very short term and forget the big term picture wish is very very bullish.

And for my projection, i found it very reasonnable and conservative, but for the ones that are more focused on short term pictures, it feels like mission impossible to get @ 80.000$ @ the end of 2018  And 500.000$ @ the end of 2019.

[ruletheworld]

Well.. Most of optimistic holders right there were not expecting bitcoin to break 3.000$ after a dump from 2.980$ to 1.800$ and go as high as 20.000$ 4 months later.

The average optimistic bitcoin projections after we break 3.000$ was 5.000$ for the end of 2018, and we know what happens.. bitcoin goes x4 of that average expectation.

Now also we are in the same situation. A pullback from 20.000$ to 6.000$ Then a try to retest the 20.000$ and go above in next weeks.

Again the average optimistic holders are praying for a price of 20.000$ again before end of 2018. So maybe we are going to make x4 of the average expectation before end of 2018 For a bitcoin price of 80.000$.

When/If bitcoin gonna hit 80.000$ the very big hedge funds and the richest persons are going to enter the market. This gonna coincide with a bitcoin pullback from 80.000$ to 40.000$ only because this time there are the richest persons in the world  willing to buy bitcoin after bitcoin going to be the number one on internet trends from here. So.. its going to be a very big support, and from there the real big boom gonna happend ( duo to the amazing big big bang money coming) and take bitcoin price from 40.000$ to 500.000$ before end of 2019 And then bitcoin officially recognised as the new GOLD and all the powers gonna submit to the new worldwide king.

Thats my projection.

I know it sounds like impossible, but with bitcoin all is possible. He goes from cents to 20.000$ in 7 Years and you think its impossible he make X25 in 2 years from the 20.000$ registred on december 2017 to december 2019?

I like your way of thinking. Sometimes we are too consumed by the short term charts and miss the big picture. If we keep our faith in what seems impossible now, we will be rewarded sooner or later.

Thank you mate.

We need more positive bull energy.

In the long run, bitcoin from hes creation, was only very bullish in the long run and that are not going to change.

Like you said, our brains are by default focused on the very short term and forget the big term picture wish is very very bullish.

And for my projection, i found it very reasonnable and conservative, but for the ones that are more focused on short term pictures, it feels like mission impossible to get @ 80.000$ @ the end of 2018  And 500.000$ @ the end of 2019.

In the past, bear markets have survived for multiple years. The growth has been concentrated in a few months, which means you really shouldn't miss those. Giving such tight price targets for end of 2018 for example makes me uncomfortable, since the bear market could very easily last until then. However, if the past is any guide, the subsequent growth once it enters the bull phase would be impressive too. Just don't want people to sell in despair if their year end price targets aren't being met.

[Rosewater Foundation]

USD is the main currency in the US because of laws. There is no such law for Bitcoin. There is no way we can force or compel the average user to use the real bitcoin. .

ahh, but there is, it is called Gresham's law

Up there with the laws of gravity and Godwin. Every wall observer should be armed with this cognitive toolset right at the door.

[explorer]

Well I for one do believe that we will see USD 1M within five years.
And I still believe we will se USD 80k end of year.

Seems plausible.

[Rosewater Foundation]

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

My role model.

Thailand probably frightens me more than it should. My carcerophobia kicks in just thinking about it.

[bitserve]

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

My role model.

Thailand probably frightens me more than it should. My carcerophobia kicks in just thinking about it.

That's a very good point. Maybe being multimillionaire can help avoiding that risk there?. Donno.

The weather also doesn't look very good with a crazily high humidity most of the year?

It looks like the good points are, so far: Basically cheap everything (including young women girls). Not cold in the winter which is a plus even if rain and humidity ruins it somehow.

Probably I am oversimplifying as I have never been there... Just armchair opinion. It looks Thailand is very popular around this thread, so there must be much more that I am missing.

[Micky25]

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

My role model.

Thailand probably frightens me more than it should. My carcerophobia kicks in just thinking about it.

That's a very good point. Maybe being multimillionaire can help avoiding that risk there?. Donno.

The weather also doesn't look very good with a crazily high humidity most of the year?

It looks like the good points are, so far: Basically cheap everything (including young women girls). Not cold in the winter which is a plus even if rain and humidity ruins it somehow.

Probably I am oversimplifying as I have never been there. Just armchair opinion.

Not necessarily: The secret life of Alexandre Cazes, alleged dark web mastermind

[AceFairy]

what i find amazing is that before, when the $130 wall was there we were 58k btc down to $100. Even after nearly 10k btc bought the number has RISEN to 61k btc!

So the buying of the wall did'nt even scratch the bid side, in fact we've got stronger even after nearly 10k coins were bought

edit: back over 10k bids as well, first time ever yesterday

Whenever the price moves it drags orders behind it. Already thinking about how to compensate this in a chart.

historical charts&values can teach us much useful information! keep digging..

[Karartma1]

I don't want history repeating itself, I rather want history in the making when I will witness Bitcoin reaching new highs. Why should I stick to history? To remember Willy? Come on, move on

[mymenace]

Saw a man today (around 45-50) in Phuket riding a Harley wearing a cap with bitcoin logo on it. He had a young chick in the back, aged maybe around 20y. Wonder if he's someone from the forum

My role model.

Thailand probably frightens me more than it should. My carcerophobia kicks in just thinking about it.

That's a very good point. Maybe being multimillionaire can help avoiding that risk there?. Donno.

The weather also doesn't look very good with a crazily high humidity most of the year?

It looks like the good points are, so far: Basically cheap everything (including young women girls). Not cold in the winter which is a plus even if rain and humidity ruins it somehow.

Probably I am oversimplifying as I have never been there. Just armchair opinion.

Not necessarily: The secret life of Alexandre Cazes, alleged dark web mastermind

Thailand is currently under Marshal Law

The military is in control.

Very peaceful though

Main attitude is we have so many neighbours we have to be friendly

Infrastructure is complete shit, broken roads, footpaths, electricity etc

Dirty as well

People are great

[mymenace]

If EOS (or the other competitor) convinces people into using their platform rather than using ETH, ETH will die.

Same can happen to bitcoin too *god forbid* if bcash succeeds.  

When has that ever happened, that new, technologically more advanced and efficient products replace the old ones in some industry?

Huh?

EOS replace the system it is built on - Ethereum

Did i miss something?

EOS is not based on ETH. The initial coin distribution is handled through ERC20. This ends after mainnet. This is the reason why EOS will hype most in this year. If the distribution cycle ends in july, then that is it, no more new coins. This will fomo the crap out of the market before launch.

Again when is EOS not built on Ethereum, just trying to understand?


ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens.