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

[Toxic2040]

Good morning Bitcoin.

Future looks so bright I gotta wear shades. 

Big stacks of cash keep flowing in and surprise..it's Wall Streets advice to not buy now...hrmm. All I hear is hodl on a little bit longer guys..still trying to fill our bags. 
https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

The price is consolidating at a .236 fib level and I am seeing a possible small dip to gather up some liquidity in about 4 hours before testing $10k+.


Looking farther down the road, I am seeing a nice parabola taking us up towards the rim of a larger cup and handle. Seeing nice corrective consolidation points along the way indicates strength imho.

#dyor

[jbreher]

I don't know if anybody noticed how the MSM are behaving lately, read below
https://www.cnbc.com/2018/05/04/bitcoin-is-rallying--and-can-no-longer-be-dismissed-brian-kelly.html

Interesting takeaways:
- The individual FED banks are speaking of Bitcoin and its valuation being determined in essentially the same manner as the valuation of fiat.
- FEDs acknowledge that there is a place for cryptocurrencies.
- FEDs acknowledge the cryptocurrencies are legitimately currencies. (curious)
- The Vampire Squid (Goldman Sachs) is the leading institutional player in crypto.
- - editorialization: While the arrival of the Vampire Squid is distasteful, we know that Bitcoin is meant to be permissionless -- i.e., we knew this day would come -- and it is actually a good thing, being a necessary consequence of continued adoption. As long as we who believe in uncorruptable money of the people continue to hodl fast, then we -- not they -- control our monetary destiny.

[afbitcoins]

Stats provided by NOAA part of the US govt.

So? NASA is funded by US govt too. Yet they manage to land a few rovers of Mars.

Can't do that with crappy science.

There are interesting theories going around about NASA

For example you could fake it, say in greenland, add a red tint to the 'mars' photos. And keep the rest of the budget for other purposes, know what I mean   You know like with the moon landings.

Yeah those moon landings were all faked.
The earth is flat.
There’s a space alien being kept at Area 51 and the government is keeping it secret.
There’s a bunch of You Tube vids about it so it must be true.

And there’s a big invisible sky fairy too....

Sky fairy? Oh I see   yeah good one. Did he touch you with his noodly appendage? Nothing to see here or on youtube, get it from the classroom and your television. Its alright don't worry.

You see everything came from nothing quite by a complete accident, long ago, 20 billion years. Because redshift of galaxies..  But lets ignore distant massively high redshifted quasers that look to be linked to nearby galaxies though. As that doesn't fit with the  reality of the computer models. Yes computer models. Who needs experiments that can be repeated and verified when you can prove everything on your computer by tweaking the parameters and adding a new constant here or there. You might also even show that we need carbon tax right here on earth. Hey lets throw some, black matter and black holes that we invented on a blackboard with chalk into it too. In fact fuck it lets have eleven dimensions. And the whole universe was once smaller than an atom. Jeez who'd have thought it. Makes you think. Did Nasa land man on the moon, or make the whole fucking thing up? All these questions.

If you are a good boy maybe you can watch some star wars later on.

[realr0ach]

Big stacks of cash keep flowing in and surprise..it's Wall Streets advice to not buy now...hrmm.

On the runup to $20k, Goldman Sachs was actually telling people to buy, so that's not really a reverse indicator.  You can go back and find their elliott wave chartist posts on Zerohedge.  Obviously they wanted people to buy because entities like Goldman Sachs hold more of these imaginary shitcoins than anyone.  Goldman Sachs bought most of the Ethereum premine for instance, which is the only reason the price went that high - them pump and dumping it. They likely still hold tons of it, which is they only reason it hasn't collapsed, them propping it up.

[jbreher]

Now Btc $98xx, when its $6xxx-7xxx I thought its a joke. So I didn’t buy any, now its hitting 10k soon. What should I do ?

Buy. Duh.

OK, too terse - sorry.

When asking yourself 'when should I take this money, and invest it in Bitcoin?', the answer is always 'today'. True, it may go down tomorrow. We don't know whether it will increase or decrease in the near term. What we do know, is that in the medium term, it will increase, and in the long term, it will increase spectacularly. You're looking at an investment that routinely does 10x a year. Don't risk missing the boat - and don't risk being able to buy only half as much Bitcoin, because you were waiting to BTFD (buy the f'ing dip). Today. Now.

[jbreher]

First mass produced digital smart banknote arriving in a place near you.
https://tangem.com/

Interesting. Goes on the 'to investigate' pile.

If the reality comes anywhere near the marketing copy, this could be important.

[realr0ach]

When asking yourself 'when should I take this money, and invest it in Bitcoin?', the answer is always 'today'.

Lol.  More like contrarian investors make money and pigs get slaughtered.  Outlier cases always exist though, such as the time I almost shorted Darkcoin with a large sum of money on leverage but was too lazy to send money to the exchange and stare at the screen for days on end to monitor the situation.  Which is a good thing because the price went up 10x for absolutely no reason and I would not have been shorting the top.  It is best to just lay low and wait for asymmetric trades, of which bitcoin has not been one since it was $200, but physical silver is right now.

[Ludwig Von]

Well I guess unless the whales are pulling their sellwalls where is no way we are getting to 10k.

There are 100/200 BTC sell orders everywhere.

Could it be that the Gox trustee is trying to do his job a bit more civilised?

[afbitcoins]

When asking yourself 'when should I take this money, and invest it in Bitcoin?', the answer is always 'today'.

Lol.  More like contrarian investors make money and pigs get slaughtered.  Outlier cases always exist though, such as the time I almost shorted Darkcoin with a large sum of money on leverage but was too lazy to send money to the exchange and stare at the screen for days on end to monitor the situation.  Which is a good thing because the price went up 10x for absolutely no reason and I would not have been shorting the top.  It is best to just lay low and wait for asymmetric trades, of which bitcoin has not been one since it was $200, but physical silver is right now.

You will miss out forever. Darkcoin is my best investment, better even than bitcoin. Ah Dash - Digital Cash. Bigger things on the horizon

[jbreher]

By the way the bid depth here on all exchanges in fiat is still the same, or lower, than it was in the 6000s. If this was truly going to rally to the next ATH and such, the bid depth would be building much bigger. So this is a temporal rally.

Irrelevant. Money massed on exchange is by definition belonging to people that have already committed to the idea. This is not the driver of Bitcoin appreciation. The driver of Bitcoin appreciation is continued adoption. New entrants waking to the reality of ucorruptable money are the fuel for this rocket.

[Elwar]

Looks like 10k will have to wait until tomorrow.

[jbreher]

even if I have a vision in my head, I become reluctant to say my vision out loud because there are too many contingencies that end up lowering the probability of that outcome by a considerable amount

Let me see if I understand you. You seem to be saying that, should you inform others as to your envisioned strategy, others will use this knowledge to trade against you, thereby affecting the actual market price, and dooming your strategy to failure. Is that what I am reading?

[jbreher]

Btw. whats going on with Bitcoin Cash ??

0,172 BTC now and rising.

I know, I know ... this is no Altcoin section

Not to worry - your post is fully consistent.

XD

[jbreher]

And that slob wonders why he had a massive heart attack recently. Seriously.

Also he's a shit director that gets WAY more credit than he deserves.

And yet, you know who he is. I'm unsure what that says about you.

[jbreher]

What do you think about the bicoin cash fork?

I like it. I think it deserves to be The One True Bitcoin. Currently, it is not - by the definition of the greatest SHA256 proof of work chain built atop the satoshi genesis block. I'm just biding my time awaiting what I see as a near-inevitable event.

Others here hate me for liking this inanimate system. Whatevs.

Will bitcoin increase over 10k in value for the potential flipping?

I don't understand the question. It seems to me that any amount of belief in a potential flippening would be inversely correlated to a continued rise in BTC.

[jbreher]

It's such a disgrace to crypto that one of the top 4 coins (by market-cap) is "BitCoin Cash", I mean, think over it. Coin and Cash, both at once? I've to give credit to Ripple & Ethereum on this one, at least they chose the good names. "Coin" and "Cash", both being used at once just do not make any sense at all. It shows the unprofessional approach from the very start of those who forked bitcoin for bitcoin trash.

Not a native English speaker?

[Torque]

And yet, you know who he is. I'm unsure what that says about you.

Fuck off BCash shill pretending to be pro-Bitcoin. Go back to shitcoin land where you belong.

[Toxic2040]

Surprised this hasn't been batted around more. Another 10k+ baghodler joins the ranks at the Wall..   Welcome.   

https://www.coindesk.com/chinese-angel-investor-amassed-10000-bitcoins-amid-q1-price-slump/

"I only had single digit unit of bitcoin, just for fun in January. But when I got certain that bitcoin and blockchain is the future, I set the goal of holding 10,000 bitcoin. So I started around end of January to build my [holdings] following the price decline. The more it dropped, the more I bought in and now the mission is basically complete."

And yet, you know who he is. I'm unsure what that says about you.

Your continued argumentum ad hominem tells much of you Bear...quite surely. Begone with you.

[Speculatoross]

Ready for 10k$ wall again?

Always take a look where we were at just one year ago: 

[jbreher]

When asking yourself 'when should I take this money, and invest it in Bitcoin?', the answer is always 'today'.

Lol.  More like contrarian investors make money and pigs get slaughtered.  It is best to just lay low and wait for asymmetric trades, of which bitcoin has not been one since it was $200

Sure. Says the guy that did not buy in one year ago today, when it was selling for $1515.63. And instead put it into Silver at $16.25. Which is $16.52 today. Crazy gains. Crazy. You made... lessee ... 1.7% over the last year! Congratulations!

Hey r0ach - who do you think dxbcoin is going to listen to? The guy who did a 7x in the last 365 days, or the guy who didn't even match de gubmint's fake inflation figures?