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

[El duderino_]

[El duderino_]

Lol at the bitcoin poll price results. It seems like people are wanting a huge pump in a short span of time. But surely these people are also the ones scared first of a major correction which is actually normal when a huge increase is inorganic.

Lots of hopeful WO ATH Contest players.

@mcgoossens keeps us #bullish  

[mindrust]

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

The same reason why USA has Trump as the president.

Interesting times.

***Trump is still 100 times better than Shillary***

[jojo69]

I was somewhat amused to learn that there existed a "leading investment bank" named Bullhound.

my thoughts exactly

[B1tUnl0ck3r]

Good morning guys.

Indicators are relaxing as we catch support at the kijun line. This is a short term consolidation point and the market looks like it will head back towards the .382 fib line. I expect more sideways this coming week with moderate volume and volatility as we head back towards and test $10k next weekend. This rise, consolidate then dip cycle is very bullish imho. The laddering up is very apparent on the cloud. #dyor

Please explain me because I am stupid. How can your chart predict what will happen if there will be for example some major negative or major positive news? I am always very puzzled by so called chart experts (who always predicts two side movement lol) who never mention news. For me its like news run 90% of crypto market. For chart experts its like they never heard for news.

Or perhaps I am just stupid and news doesnt mater. I feel i will hear now flame, but i dont got it, post like news doesnt matter.

First of all..there are no stupid questions...ever.
...

 Hope this helps.

many should be dragged in sewer for having forgotten this basic one... thanks a lot. but (and there is often a but, and no follow up question allowed is weakness at best) please use the"Beginners & Help" sub for all noob q. 
https://bitcointalk.org/index.php?board=39.0

question more (tm)

[DonQuijote]

Maybe pump will be soon, alts are waking up

The price was 6.9k $ 

[jojo69]

all I know is that I have made another .02 in the last 2 days

this volatility is grrrrrrreat

[jbreher]

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

I dunno. It's plausible. He's been verifiably been otherwise acting erratically over the last week.

[jbreher]

And that's OK.

You do you, man. Ain't nobody else able to do you for you.

[LastJedi]

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

I dunno. It's plausible. He's been verifiably been otherwise acting erratically over the last week.

He is arguing with Warren Buffet on a moat filled with candy.
http://fortune.com/2018/05/05/warren-buffett-elon-musk-trolling-sees-candies-moats/

It does sound like he wants to build a Willy Wonka type theme park.
Billionaire has too much money to know what to do with it. Micheal Jackson syndrome?

Take that money and put it into crypto.
Built a Crypto virtual theme park!

[Last of the V8s]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

Whales hold Bitcoin down while they amass much profit in ALTS. 

agreed

[Ibian]

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

He is just the face of the organization behind him. You just need to watch some of his live interviews. He cant produce a well structured logical sentence. The only difference to hill-billy and him is that he substituted fu*k whit ahmm a couple off times in a sentence if necessary. Any local GP or academic is smarter. Just a puppet on strings same as Mark Z..

You are insane.

[Ibian]

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

The same reason why USA has Trump as the president.

Interesting times.

***Trump is still 100 times better than Shillary***

Trump is hilarious. Poor Kimmy must be so confused. Here is this crazy american, threatening nuclear war over twitter. And what does that result in? Peace between the north and south. It's like something out of a comedy.

[Toxic2040]

Just wanted to point out the break through into cloud cover on the hourly. Short term might be looking at another small dip...but more sideways than not. #dyor


Always good opinions at CT imho.
https://cointelegraph.com/news/crypto-backed-fiat-currencies-sci-fi-or-missing-link-expert-take

Cryptocurrencies are still very volatile despite having increased significantly in value over the past 12 months. They are volatile because they are still in their infancy and investors are constantly trying to figure out what are the odds of them being successful. Assuming Bitcoin’s comparables are gold and the US Dollar, the probability of success of Bitcoin is currently priced between one and two percent (Bitcoin market capitalization divided by the value of all the gold ever mined or divided by the US Dollar M2 money supply).

Assuming Bitcoin has a one percent chance of being successful at becoming a global currency or a global store of value, it would not be absurd to consider investing one percent of a given central bank’s foreign exchange reserves like it was proposed by a prominent banker in Ghana a few months ago.

It is unlikely that cryptocurrencies will entirely replace fiat currencies - just like email did not entirely replace regular mail - but the two forms of currencies will have to learn to co-exist and live together. The cryptocurrency genie is out of the bottle and there is no way to put it back in. Central banks investing in cryptocurrencies could be a first step to build a bridge between the two worlds.

I put the odds significantly higher than 1%.

Some interesting data on exchange revenue.

[Ivor Biggun]

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

I dunno. It's plausible. He's been verifiably been otherwise acting erratically over the last week.

He is arguing with Warren Buffet on a moat filled with candy.
http://fortune.com/2018/05/05/warren-buffett-elon-musk-trolling-sees-candies-moats/

It does sound like he wants to build a Willy Wonka type theme park.
Billionaire has too much money to know what to do with it. Micheal Jackson syndrome?

Take that money and put it into crypto.
Built a Crypto virtual theme park!

Like benders?

[jbreher]

Some interesting data on exchange revenue.

https://i.imgur.com/tXfK6In.jpg

Interesting data indeed.

Interesting fine print, too:
"* Daily revenue estimated with CoinMarketCap reported 24 hour volume and fees listed on exchanges' websites"

I wonder how they determined how much of each exchange's daily volume to associate with that exchange's fee schedule tier?

[RayX12]

Doesn't anyone else think Elon Musk's twitter was hacked during that spat of them saying "Change your passwords!" due to their own breach of the database of all their 450 million user accounts?
https://cryptopotato.com/elon-musk-will-bring-humans-to-mars-and-cryptocurrencies-to-the-moon/

Why would a ceo of a billion dollar company use "u" in his tweets?

The same reason why USA has Trump as the president.

Interesting times.

***Trump is still 100 times better than Shillary***

Trump is hilarious. Poor Kimmy must be so confused. Here is this crazy american, threatening nuclear war over twitter. And what does that result in? Peace between the north and south. It's like something out of a comedy.

[RayX12]

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

Whales hold Bitcoin down while they amass much profit in ALTS.  

agreed

Double exactly!! 

[El duderino_]

QUICK list 12288 is finisht GOOD LUCK   WO's

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[RayX12]

Triple exactly!