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

[Last of the V8s]

[1715198096]

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[Last of the V8s]

Land of the free huh?
http://www.thekansan.com/news/20180502/man-arrested-for-attempted-sex-with-car

[xhomerx10]

At this rate, we'll see a 1 million Euro valued Bitcoin by June!

[Neo_Coin]

[bitserve]

[exstasie]

There's still like some % chance of that huge crash from 11-13k down to new bottoms, no?
Or even straight down from here.
Maybe tera means all the off topic.

Probably a 50% chance we crash from 11-13K, a 25% chance we crash right now, and a 25% chance it passes 13K.

You got a chart, volume profile, etc to show why $13K is significant? If the double top ~ $11,800 breaks, a lot of sellers are going to be trapped and squeezed. It could easily still be a bull trap, but a $1200 fart from that breakout....then doom? That seems a bit hard to believe.

[roach_lost]

"First they ignore you, then they laugh at you, then they fight you, then you win.
Anyone in a fighting mood?
https://www.nytimes.com/2018/05/04/upshot/should-the-fed-create-fedcoin-to-rival-bitcoin-a-former-top-official-says-maybe.html

“Congress gave the Fed a monopoly over money,” Mr. Warsh said. “

Which was fraudulent and in violation of the US Constitution

ok, perhaps. but it's been accepted as normal, allowed, and legal for... what, something like 100 years now? what, precisely, do you expect to be done about it? to remove the fed's power is nigh impossible. it would likely require literal war and revolution to bring down the government as we know it and build something new, or at least closer to the original constitution if that's the goal.

i say the same thing to any theory - like faked moon landings or flat earth or less insane ones like this Fed thing. ok, so maybe you're right. what's your point? what do you want to be DONE about it, and what will that change? are you going to do it? do you think you can actually effect change at all?

Many folks, myself included, are fascinated by bitcoin because a belief that it can take down the Fed and the other central banks.  The concept of bitcoin is very powerful.

Maybe 10,000 us$ by the end of the weekend?

...well, ok, yea. that's... very true. i... er... right, shutting up.

am a bit drunk to respond fairly to this convo, but you both have valid points and shouldn't back off. Bitcoin itself will do a lot of the heavy lifting in ending the Fed and creating an honest society. But it also us - what are we doing to those ends? holding, running nodes, mining, building infrastructure? keeping the USG out (cf scams like eth/bcash/intel/google)?

personally, all i can do is run a node at the moment. which, come to think of it, might not even be a full node - i think i need to open a port of the router or such... but i enjoy mining and hodling. just no money to get decent gear, and my 100 gh's isn't exactly worth running these days. i used to dream about having a big farm, but i've had a rather rough decade, financially, so it hasn't happened. might finally have a decent job though, so who knows.

sure man i read about some of your heyday early group buy, but you can still educate people after the day job and you can maybe put some $ aside into btc each month. you need a bit of money for a full node for the uphill b/w, but hey we all do what we can do

So it is a consensus then? Everyone believes that Bitcoin is a tool against the owners? This is exactly wrong and if you have minimally studied Bitcoin you know it is wrong.

Are all of you so drunken on unearned profits that you cannot see how Bitcoin is made by them running on the machines they have developed from scratch? We are users and pushers, not the creator.

You would not believe an entrepreneur is a legislator but you believe anyone doing work that is descendent from Bitcoin is actually writing the laws which the sovereign will adopt? I am sure you do not believe it. Let me put it more succinctly.

Bitcoin is the Fed 2.0. Got that?

One more time.

Bitcoin is the Fed 2.0.

Beware of the paradise which you seek to create. It is a stronger hell than the hell you seek to escape.

[jbreher]

First Bcash for fraud

Guess you're not quite up to speed, then?

https://twitter.com/moneytrigz/status/992092547777363968

[jojo69]

here we go

[Anon136]

here we go

I just checked the price like a few minutes ago and I'm already behind the times?

[jbreher]

Pretty green candles.

[ssmc2]

K

[jbreher]

Cool news

https://bitcoinmagazine.com/articles/vaultoros-bitcoin-gold-exchange-implements-lightning-network-payments/

I guess. If you want to hold paper gold rather than gold. I wouldn't touch it with any pole.

And their claim of 'first crypto-to-gold' exchange falls flat. Perhaps twice. If not only for the fact that you're buying not gold, but rather a gold IOU, but how long have they been operating really? There have been several actual metals vendors operating since years.

[Rosewater Foundation]

Cool news

I guess

[Torque]

Cool news

https://bitcoinmagazine.com/articles/vaultoros-bitcoin-gold-exchange-implements-lightning-network-payments/

I guess. If you want to hold paper gold rather than gold. I wouldn't touch it with any pole.

And their claim of 'first crypto-to-gold' exchange falls flat. Perhaps twice. If not only for the fact that you're buying not gold, but rather a gold IOU, but how long have they been operating really? There have been several actual metals vendors operating since years.

They have been operating since 2013. They're legit.

[Anon136]

Cool news

https://bitcoinmagazine.com/articles/vaultoros-bitcoin-gold-exchange-implements-lightning-network-payments/

I guess. If you want to hold paper gold rather than gold. I wouldn't touch it with any pole.

And their claim of 'first crypto-to-gold' exchange falls flat. Perhaps twice. If not only for the fact that you're buying not gold, but rather a gold IOU, but how long have they been operating really? There have been several actual metals vendors operating since years.

They have been operating since 2013. They're legit.

Paper gold isn't for hodling anyway. It's for speculating.

[Torque]

Cool news

https://bitcoinmagazine.com/articles/vaultoros-bitcoin-gold-exchange-implements-lightning-network-payments/

I guess. If you want to hold paper gold rather than gold. I wouldn't touch it with any pole.

And their claim of 'first crypto-to-gold' exchange falls flat. Perhaps twice. If not only for the fact that you're buying not gold, but rather a gold IOU, but how long have they been operating really? There have been several actual metals vendors operating since years.

They have been operating since 2013. They're legit.

Paper gold isn't for hodling anyway. It's for speculating.

You can actually take possession of your gold if you want it. They will ship it to you anywhere in the world.

[JayJuanGee]

There's still like some % chance of that huge crash from 11-13k down to new bottoms, no?
Or even straight down from here.
Maybe tera means all the off topic.

Remember a couple of months ago, Tera was so famous, even in the WO thread because she was being asked about how she saw the bear market playing out.  For some reason, people tend to give credit to her having some kind of insight merely because the correction came, and her (finally) bear scenario, kind of played out.

It should have been deemed as a normal correction, yet for some reason she was considered as being "correct" because her repetitive and ongoing sky is falling call, finally seemed to have been playing out (at least temporarily).  

Regarding, her actual prediction, the latest that I recall was that she was expecting a bounce back up into the $11 to $13k territory, as you suggest, before the "real bull correction" starts... and in sum, her proclamations remain kind of nostradumus in that she is constantly leaving some realistic wiggle room for upwards movement, yet the overall essence continues to be expectations of down (which overall continue to be WRONG... because we are UP from in the $9k territory from our $1k territory of a year ago.. that is 9x, and a pretty decent bull market that has decent chances of continuing (even if our current correction might not be over, yet).  

So, in sum, even if you are a bear, don't be putting all your eggs into the downward scenario and get reckt if BTC prices move against you.. and even if there are a large number of traditional financial analyzers out there who are trying to peg bitcoin into some kind of traditional asset class when it is a non-correlated paradigm shifting asset - including attempting to compare it to various lame shitcoin projects (including some of the dear childs of ETH and Bcash) that are snake oils imitations that are hanging onto BTC's coattails, rather than being innovations in and of themselves.

There's still like some % chance of that huge crash from 11-13k down to new bottoms, no?
Or even straight down from here.
Maybe tera means all the off topic.

Probably a 50% chance we crash from 11-13K, a 25% chance we crash right now, and a 25% chance it passes 13K.

Actually, it's tough to criticize you for those kinds of bear prognostications, and even if the prognostications are less strong than they were previously.  In any event, tera beara, it seems smart and prudent for anyone attempting to predict BTC price movements to modify their position based on changes in circumstances rather than sticking to an outlined set of waves that do not seem to be working out.

[RewFrew]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

[Elwar]

In 2 Weeks from now, the daily MA 50 Would be @ around 10.500$.

From the starting of this pump, from 6700$, the daily MA 50 Was the real support.

So for the coming 2 Weeks from now, bitcoin gonna do those 2 Steps:



1/ crossing 10K to go around 10.600$ then the support would be the daily EMA 20 @10.000$.

From there, you never ever in your life gonna saw bitcoin @ 4digits unless a big disasters happend.

Then bitcoin gonna zigzag between 10.100$ and 10.500$ for 1 Week max.



2/ Crossing 11.000$ in the second week and go around 11.300$.

Then the new support would be the  daily MA50 @ Around 10.700$.


Thats my prediction.

But...vegeta...