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

[btcbeliever]

Definitely encouraging price move, 2 decidedly green consecutive daily candles.

Could this be the beginning of a break upwards penetrating $10,000?

[FractalUniverse]

Definitely encouraging price move, 2 decidedly green consecutive daily candles.

Could this be the beginning of a break upwards penetrating $10,000?

Daily is still showing only inside bar for now, color is not much relevant in this case.. can be just calm before continuing downtrend. I'll believe its breakout upwards when i see one

[JayJuanGee]

They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish

I panic-bought TFD at $8340 so I can sleep better this weekend. Not that it matters a year from now.

Are you suggesting that a year from now, BTC prices are going to be at such a level (higher than now) that the difference between buying at $8,340 and buying at $9,340 is not going to make a very BIG difference? 

What kind of BTC price are you thinking?  Somewhere north of $20k?   

I personally am thinking that if we get another exponential BTC price rise before a year from now, then there are decent chances that testing of BTC price support would stay above $20k, but surely nothing in BTClandia has any kind of certainty... and I suppose, even a decently played out bullish price movement scenario that pulls bitcoin into the $100k price territory within a year or so, would have decent potentialities of returning to test price support areas below $20k.

yep...I see it going sideways at best for till the end of the year...my view is that mt. gox has to wrap up the liquidation from the trustee's point of view (for them to get paid

and done with the liquidation) by the end of this year....is my guess ....thus 1.9 Billion BTC to USD in the next 8 months that 'pig' has to be digested by the Bitcoin Python

can it be done, don't know...but if it can be and the price goes sideways..that is my best case...at the way mt. gox trustee always panic sells on exchanges directly and kills his

own price point, by the mass of BTC he moves, and always selling on the low/drop in price (panic sells)...BTC IMHO could go as low as 3k IMHO...

NOW IF ...the mt. gox trustees sold outside of exchanges (most likely the folk would hold) and stated they are going to move so much coin in increments on a time frame

till the end of the year at best manner possible...then perhaps..it would not matter and the price could go up...but with the cluelessness or just plain spite these 'banker connected' lawyers

liquidating mt gox have taken...I sometimes wonder if they are not making  this a 'train wreck' just so when they go back to representing the Japanese banks they can show

they f*cked the BTC ecosystem as much as legally possible on this liquidation...

For a long time bitcoiner, you surely do seem to have a decent ability to buy into a lot of the mainstream media FUD regarding one factor that is supposedly keeping BTC prices down.   Sounds like a lot of nonsense to me, because surely the GOX trustee does not have enough coins to meaningfully effect overall BTC markets - more or less a blip on the radar screen in the overall scheme of things. 

On the other hand, bitcoin does remain in a price correction situation, so yes, there is a certain amount of upwards momentum that is needed to break back into the 5 digits and to get the price momentum moving up, rather than either sideways or down.

[4rt3m]

Surprised that Germany is so deeply interested in Bitcoin, thought that Asia (Korea, China) would be on the top:

https://bitnodes.earn.com

[kaicrypzen]

yep...I see it going sideways at best for till the end of the year...my view is that mt. gox has to wrap up the liquidation from the trustee's point of view (for them to get paid

and done with the liquidation) by the end of this year....is my guess ....thus 1.9 Billion BTC to USD in the next 8 months that 'pig' has to be digested by the Bitcoin Python

can it be done, don't know...but if it can be and the price goes sideways..that is my best case...at the way mt. gox trustee always panic sells on exchanges directly and kills his

own price point, by the mass of BTC he moves, and always selling on the low/drop in price (panic sells)...BTC IMHO could go as low as 3k IMHO...

NOW IF ...the mt. gox trustees sold outside of exchanges (most likely the folk would hold) and stated they are going to move so much coin in increments on a time frame

till the end of the year at best manner possible...then perhaps..it would not matter and the price could go up...but with the cluelessness or just plain spite these 'banker connected' lawyers

liquidating mt gox have taken...I sometimes wonder if they are not making  this a 'train wreck' just so when they go back to representing the Japanese banks they can show

they f*cked the BTC ecosystem as much as legally possible on this liquidation...

For a long time bitcoiner, you surely do seem to have a decent ability to buy into a lot of the mainstream media FUD regarding one factor that is supposedly keeping BTC prices down.   Sounds like a lot of nonsense to me, because surely the GOX trustee does not have enough coins to meaningfully effect overall BTC markets - more or less a blip on the radar screen in the overall scheme of things. 

On the other hand, bitcoin does remain in a price correction situation, so yes, there is a certain amount of upwards momentum that is needed to break back into the 5 digits and to get the price momentum moving up, rather than either sideways or down.

There is no doubt news are used to spread FUD for the benefit of those who want cheap Bitcoin. However the trustee does have a sizable amount of Bitcoins, he surely can wreak havoc on the market (at some extent). Here is a website that tracks what is supposed to be Mtgox addresses: https://www.cryptoground.com/mtgox-cold-wallet-monitor. You can also take a look at the trustee's report detailing his sales: https://www.mtgox.com/img/pdf/20180307_report.pdf. You can even try to find a correlation between what he sold and Bitcoin's price movement since its ATH.
Anyway, I think it's important to be aware of these kinda things without necessarily leaving in fear, uncertainty and doubt.

[Speculatoross]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

[4rt3m]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Also bull on logo. And Lamborghini give most of their cars names of corrida's bulls: Diablo, Gallardo, Murcielago, Aventador, Huracan etc. Miura is famous Spanish bull breeder. Good analogy to bullish markets.

[BTCMILLIONAIRE]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Nice meme

[vapourminer]

I began using computers when I bought my first ZX81 kit and built it.
It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair.
Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs.
Still, fun days.

had a timex-sinclair 1000 (basically a zx-81 that was prebuilt for usa market) with the 16k ram pack and that sparky printer. still have it somewhere. the sparky printer was pretty cool.

the ram pack connection was so wobbly (instant lockup if you even breathed on it) i wound up hot gluing the whole thing to a piece of wood.

ts1000 -> vic20 -> c64 -> columbia 8088 with (eventually) a 30 megabyte rll drive woot! (1st ibm pc clone) -> ibm at -> self built from there  (386sx and onward).

also had a programmable hp calculator back around the late '70s but it didnt have the stripe reader, i had to code moon lander in by hand each time so i would never never turn it off rofl.

[Karartma1]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Nice meme

I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner.
Are you joking with Fiat as in fiat money? Explain I'm curious

[Speculatoross]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Nice meme

I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner.
Are you joking with Fiat as in fiat money? Explain I'm curious

Fiat as Fiat spa, company that own Ferrari:)

Less funny when explained lol

[xhomerx10]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

[Karartma1]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Nice meme

I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner.
Are you joking with Fiat as in fiat money? Explain I'm curious

Fiat as Fiat spa, company that own Ferrari:)

Less funny when explained lol

I see. You must be Italian then.
Well yes, both are not Italian owned companies anymore: FCA (dutch-english based from crap US corporate shit) and VW (germany) own Ferrari and Lamborghini respectively.
Now I think I get it: you italians hate Fiat. but you still buy them

[xhomerx10]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Nice meme

I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner.
Are you joking with Fiat as in fiat money? Explain I'm curious

Fiat as Fiat spa, company that own Ferrari:)

Less funny when explained lol

I see. You must be Italian then.
Well yes, both are not Italian owned companies anymore: FCA (dutch-english based from crap US corporate shit) and VW (germany) own Ferrari and Lamborghini respectively.
Now I think I get it: you italians hate Fiat. but you still buy them

[Hyperjacked]

I began using computers when I bought my first ZX81 kit and built it.
It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair.
Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs.
Still, fun days.

had a timex-sinclair 1000 (basically a zx-81 that was prebuilt for usa market) with the 16k ram pack and that sparky printer. still have it somewhere. the sparky printer was pretty cool.

the ram pack connection was so wobbly (instant lockup if you even breathed on it) i wound up hot gluing the whole thing to a piece of wood.

ts1000 -> vic20 -> c64 -> columbia 8088 with (eventually) a 30 megabyte rll drive woot! (1st ibm pc clone) -> ibm at -> self built from there  (386sx and onward).

also had a programmable hp calculator back around the late '70s but it didnt have the stripe reader, i had to code moon lander in by hand each time so i would never never turn it off rofl.

Wow the timex-Sinclair ! My first computer I think we paid around 50$

[xhomerx10]

I began using computers when I bought my first ZX81 kit and built it.
It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair.
Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs.
Still, fun days.

had a timex-sinclair 1000 (basically a zx-81 that was prebuilt for usa market) with the 16k ram pack and that sparky printer. still have it somewhere. the sparky printer was pretty cool.

the ram pack connection was so wobbly (instant lockup if you even breathed on it) i wound up hot gluing the whole thing to a piece of wood.

ts1000 -> vic20 -> c64 -> columbia 8088 with (eventually) a 30 megabyte rll drive woot! (1st ibm pc clone) -> ibm at -> self built from there  (386sx and onward).

also had a programmable hp calculator back around the late '70s but it didnt have the stripe reader, i had to code moon lander in by hand each time so i would never never turn it off rofl.

Wow the timex-Sinclair ! My first computer I think we paid around 50$

 Wow.  Is anyone in this thread younger than the Big Mac?

[Torque]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Nice meme

I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner.
Are you joking with Fiat as in fiat money? Explain I'm curious

I'm sure the joke was Fiat as in 'fiat currency'.

But even if it wasn't, heck I'd own a Fiat 500 Abarth in a hot minute. Sweet lil' cars.

[BTCMILLIONAIRE]

Just realized why you all want a Lamborghini.
Ferrari is owned by Fiat

Nice meme

I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner.
Are you joking with Fiat as in fiat money? Explain I'm curious

I'm sure the joke was Fiat as in 'fiat currency'.

But even if it wasn't, heck I'd own a Fiat 500 Abarth in a hot minute. Sweet lil' cars.

I assumed the joke to be 'fiat currency' as well. Not aware of any meme level animosity towards Fiat (the company).

[sirazimuth]

It's funny guys.

My first "computer game" experience;

My dad brought a state of the art HP calculator home from work.  This thing could read (and write) programs on small, like 10mmx40mm mag strips.  you would feed the strip into a slot in one side and little rubberized feed wheels would spin up and spit it through and out the other side.

One of the program strips included when the unit was delivered was a "moon lander" game.  It was turn based.  It would briefly display your speed, range to the surface, and remaining fuel, then you would be prompted for a fuel burn input.

Yes, I did land it that night.

Yes...I am old.

dooode!
 I remember that! My (late) old man had exact same HP calculator!
and yeah, I think I landed it too. (^5)

[acquafredda]

And up we go.
Strange trading patterns before the NYC consensus conference. All the signs of a huge bull run seem in place. Ready?