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

[Majormax]

Here's to hoping that your forecast comes true!

Hopefully the drop to below 4k will be done inside 2018. The harder case would be a long 3 year grind lower.

I personally see 2.5k as being strong support (the 'Jamie Dimon' September low), although I don't think that will last long.

[1714984815]

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[1714984815]

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[mymenace]

Target 1 would be 8,600-8,800$ if BTC breaks that we are off to the 9,000$ level again.

Everytime it breaks $9000 somebody on reddit creates a topic and says "this is the last time we see btc under $9k" and then few days later we go under $9k again.

I think they are dumping on us and like many told before they'll keep dumping it till we hit below $5k. They probably have enough bitcoins to give us 2-3 painful years before the next big boom.

It is mt. gox damn it....from what I figure they have to dump $240 million in usd of BTC a month, to get the liguidation done by the end of this year....*them

trustees want their cut and the Japanese Gov't wants this all over with)

thus, we will go to 9k and drop to 7k and rinse wash repeat for a month or two...then the mt. gox trustees will have a timeline, say end of the year and we will

drop to 4k ...it is gonna suck!

The Mtgox coins will be used by in conjunction with the japanese finance minister, central banks and the courts in ensuring the bitcoin price is cheap for friends to buy.

Come November 2018 - if lucky

They will have no more control and then we hope to see a real bitcoin market price.
From $6000USD  upwards

[LFC_Bitcoin]

Target 1 would be 8,600-8,800$ if BTC breaks that we are off to the 9,000$ level again.

Everytime it breaks $9000 somebody on reddit creates a topic and says "this is the last time we see btc under $9k" and then few days later we go under $9k again.

I think they are dumping on us and like many told before they'll keep dumping it till we hit below $5k. They probably have enough bitcoins to give us 2-3 painful years before the next big boom.

It is mt. gox damn it....from what I figure they have to dump $240 million in usd of BTC a month, to get the liguidation done by the end of this year....*them

trustees want their cut and the Japanese Gov't wants this all over with)

thus, we will go to 9k and drop to 7k and rinse wash repeat for a month or two...then the mt. gox trustees will have a timeline, say end of the year and we will

drop to 4k ...it is gonna suck!

The Mtgox coins will be used by in conjunction with the japanese finance minister, central banks and the courts in ensuring the bitcoin price is cheap for friends to buy.

Come November 2018 - if lucky

They will have no more control and then we hope to see a real bitcoin market price.

In your opinion (with little to no evidence to back it up)

[Majormax]

I'm really surprised to see such a complete solution in a version 1 product. Know what I mean? When someone comes up with something this novel, normally, the first attempt will crash and burn. So I give Satoshi a lot of credit. He deserves every single bitcoin he owns.

How do you know BTC was version 1 ?  How many versions might not have survived ?

[mymenace]

Target 1 would be 8,600-8,800$ if BTC breaks that we are off to the 9,000$ level again.

Everytime it breaks $9000 somebody on reddit creates a topic and says "this is the last time we see btc under $9k" and then few days later we go under $9k again.

I think they are dumping on us and like many told before they'll keep dumping it till we hit below $5k. They probably have enough bitcoins to give us 2-3 painful years before the next big boom.

It is mt. gox damn it....from what I figure they have to dump $240 million in usd of BTC a month, to get the liguidation done by the end of this year....*them

trustees want their cut and the Japanese Gov't wants this all over with)

thus, we will go to 9k and drop to 7k and rinse wash repeat for a month or two...then the mt. gox trustees will have a timeline, say end of the year and we will

drop to 4k ...it is gonna suck!

The Mtgox coins will be used by in conjunction with the japanese finance minister, central banks and the courts in ensuring the bitcoin price is cheap for friends to buy.

Come November 2018 - if lucky

They will have no more control and then we hope to see a real bitcoin market price.

In your opinion (with little to no evidence to back it up)

The opinion does not matter, research it what does.

Does the opinion hold merit

What evidence (your right) is there


these are not for me to explain but for any body who wants to look further to find out.

Tip one correspond all major bank, coin moves in media with charts and you can see the friends having fun

Does Jamie Dimon know the Japaneses finance minister...

[mymenace]

I'm really surprised to see such a complete solution in a version 1 product. Know what I mean? When someone comes up with something this novel, normally, the first attempt will crash and burn. So I give Satoshi a lot of credit. He deserves every single bitcoin he owns.

How do you know BTC was version 1 ?  How many versions might not have survived ?

Bitcoin was not version 1


That is my opionion

thanks for the memories


Not crypto still version of electronic currency

NEW eLibertyDollar (eLD)

http://www.libertydollar.org/ld/legal/raidalert_2_27_2008.htm

http://www.abc.net.au/news/2013-05-29/westpac-in-global-money-laundering-scandal/4720050


The Westpac Bank has been caught up in what US authorities are labelling the largest international money laundering case ever brought.


bet you will find some friends their too

[vortex1878]

I'm really surprised to see such a complete solution in a version 1 product. Know what I mean? When someone comes up with something this novel, normally, the first attempt will crash and burn. So I give Satoshi a lot of credit. He deserves every single bitcoin he owns.

How do you know BTC was version 1 ?  How many versions might not have survived ?

Bitcoin was not version 1


That is my opionion

thanks for the memories


Not crypto still version of electronic currency

NEW eLibertyDollar (eLD)

http://www.libertydollar.org/ld/legal/raidalert_2_27_2008.htm

http://www.abc.net.au/news/2013-05-29/westpac-in-global-money-laundering-scandal/4720050


The Westpac Bank has been caught up in what US authorities are labelling the largest international money laundering case ever brought.


bet you will find some friends their too

1. Do you know what crypto is?
2. Do you know the difference between their and there?
3. Thank you for answering my questions.

[mymenace]

I'm really surprised to see such a complete solution in a version 1 product. Know what I mean? When someone comes up with something this novel, normally, the first attempt will crash and burn. So I give Satoshi a lot of credit. He deserves every single bitcoin he owns.

How do you know BTC was version 1 ?  How many versions might not have survived ?

Bitcoin was not version 1


That is my opionion

thanks for the memories


Not crypto still version of electronic currency

NEW eLibertyDollar (eLD)

http://www.libertydollar.org/ld/legal/raidalert_2_27_2008.htm

http://www.abc.net.au/news/2013-05-29/westpac-in-global-money-laundering-scandal/4720050


The Westpac Bank has been caught up in what US authorities are labelling the largest international money laundering case ever brought.


bet you will find some friends their too

1. Do you know what crypto is?
2. Do you know the difference between their and there?
3. Thank you for answering my questions.

1. Yeah crypto is electronic currency

2. Who gives a fuck

3. Your welcome

[jojo69]

2. Who gives a fuck

we use a thing called language here...it is for communicating

bye bye

[vortex1878]

2. Who gives a fuck

we use a thing called language here...it is for communicating

bye bye

Oh come on. That's a bit harsh. Take it easy. 
"crypto is electronic currency" and my personal welcome "Your welcome" already made my day.
Apparently the previous IQ discussion is still relevant. Legendary...

[mymenace]

2. Who gives a XXXX

we use a thing called language here...it is for communicating

bye bye

Oh come on. That's a bit harsh. Take it easy. 
"crypto is electronic currency" and my personal welcome "Your welcome" already made my day.
Apparently the previous IQ discussion is still relevant. Legendary...

yeah apologies for the language, obviously did not realise it was part of T&C

appreciate the discussion

no anger intended

[JayJuanGee]

Thanks for providing some of your details.  I don't necessarily agree with your goals, but I would be concerned about some of your potential distractions with alt coins and that your perception that you have decent chances to use alt coins to accumulate more BTC than if you held BTC itself. 

I probably have disclosed numerous times in this thread that my alt coins tend to be less than 5% of my total holdings, and I think now is around 2%-ish.  I do understand that some members might have perceptions like yours that it is possibly useful to keep higher allocations in alts to accumulate BTC, and I tend to be o.k. if they were to take a 20% alt strategy, but not an 70% alt strategy as you seem to be currently... but maybe if you reversed your allocation to 70% BTC, you could still find a way to make it comfortable for you, especially if you have what seems to be a minimum 5 year investment and building of your portfolio plan.

Of course, in the end, you have to find your own level of comfort, but I tend towards lessening the gambling aspects which causes me to remain in the 90% plus arena for bitcoin, and I become less and less able to relate to those strategies the more that they allocate higher level to alts, even if they end up getting lucky by playing around with shit that can implode at any moment - which is not the same as the continuing strength of the fundamentals in bitcoin.

Well, I'm a believer in bitcoin, but can't say that I'm a maximalist as I'm not all-in with it. I see alts as an opportunity to get more bitcoin and so far my trades have been successful. I was almost 100% BTC about 2 months back when alts were bleeding and BTC somewhat held it's position, at least against the alts. Now there is more market movement in alts, so I have my main stash there. I'm a bit of a gambler myself aswell, maybe that's the reason I'm moving my stash around as much as I do.

When this thread was started, a bit more than 5 years ago, bitcoin was really the only game in town, and really it largely held such a central conscientiousness position for at least 4 of those recent 5 years.  Yeah there was the pumping of various alts in late 2013, too, but the various consciousness and seemingly distortion attacks on bitcoin began to gain steam in about late 2016 and early 2017, with the near flippening pumpening of the shitcoin that is also known as ethereum.

No way am I asserting that you would not be able to take risks and to make a shit ton loads of money that could possibly surpass your abilities to make money with a bitcoin centric approach... So accordingly, there are some costs and risks in moving your money around into these various projects, but sometimes the gains that you accomplish are going to be such that they outweigh either the moving around coins losses or the amount that you might have gained, just in bitcoin.  

Yes, such practice is a kind of gambling, and perhaps in recent times (or at least retrospectively) some bouncing around crypto folks have been able to measure some gambling odds that are decently well into their favor, which also would justify some of the gambling and to cause such gambling to seem more like strategic investment (which can be designed a bit differently from gambling by assessing some of the fundamentals or having some system that accounts for some decently assured fundamentals, such as considering whether the pumpers(backers) of the coin have decent systems in place that will allow you to get in and out of the coin during a price appreciation stage, before it cashes to some losing state.

But, like said, my main goal is to accumulate BTC. You got me worried a bit now, I think I'll transfer 30% of the wallet worth in BTC to a cold storage now and hodl it there, just for kicks.

You may or may not have a system that is going to pay off, so I would not want to be perceived as talking you out of anything, even though perhaps, any of us can sometimes tweak our approach and even our inclinations towards risk taking by sharing information in threads (conversations) like these can help each of us to better help ourselves.  Even though I have spouted a lot of nonsense through the years through this thread, I feel that my own participation has assisted me to learn more about my own strategies by my attempting to explain some of the things that I think and do.

If you have any interest, maybe we can continue the altcoin talk in private chat, don't want to spam this thread with it. I would just like to disclose what alts I have and why I have them.

Cheers!

Maybe some other thread participants would be interested in brainstorming with you about some of your alt coin picks and strategies and the reason why, but I have no interest in getting distracted by any non-bitcoin projects.  I agree with you that there are crypto projects that have decent chances to have legs as non scams, and even they might tie back to bitcoin or become folded into bitcoin in various ways - however, I have real difficulties appreciating or participating in thoughts about how various other projects might be profitable, because surely a lot of them sound good in theory, yet frequently I still wonder why they need their own coin or their own blockchain rather than being built upon or in complimentary style to bitcoin.... So tangentially, I do sometimes learn about some of these kinds of projects and attempt to figure out how they might be building in compliment to bitcoin rather than as a brain drain and financial drain distraction.

Also, personally I believe that to the extent that you can describe various crypto projects as complimentary (rather than attack vectors on bitcoin), then those topics might be relevant to this thread, even though patience is likely to wear thin if you devolve too far and the connection to bitcoin becomes a lot less apparent, then seemingly rightly so, a large number of participants in this thread will begin to attack you as being pumping some shit or attacking bitcoin, and you seem to recognize these kinds of topical thread dynamics, Kylapoiss.

[yefi]

The gox trustee isn't allowed to dump any more coins unless the court orders him to. The last dump was because the court decided he needed more money to pay interest on all the fiat owed.

The trustee says he's almost sure civil rehabilitation will be approved, which means all those owed Bitcoins get paid back in Bitcoins. Although there might be another sale of a relatively small number of coins the vast majority are likely to get returned to gox's customers.

Yep, seems that way. If it goes to CR, we'll probably be looking at a year or more of lockup while all the claims are reassessed.

[jojo69]

2. Who gives a fuck

we use a thing called language here...it is for communicating

bye bye

Oh come on. That's a bit harsh. Take it easy. 
"crypto is electronic currency" and my personal welcome "Your welcome" already made my day.
Apparently the previous IQ discussion is still relevant. Legendary...

To be fair, menace has been teetering on the edge for a while.

It is pretty amazing how effectively some people are able to demonstrate the abrasive nature of their personality in a few lines of text.

[mymenace]

2. Who gives a XXXX

we use a thing called language here...it is for communicating

bye bye

Oh come on. That's a bit harsh. Take it easy.  
"crypto is electronic currency" and my personal welcome "Your welcome" already made my day.
Apparently the previous IQ discussion is still relevant. Legendary...

To be fair, menace has been teetering on the edge for a while.

It is pretty amazing how effectively some people are able to demonstrate the abrasive nature of their personality in a few lines of text.

Thanks for the heads up

did not realize it come across that way

time for a reality check, do not want to be abrasive


2. Instead of Who gives a XXXX, I Should of typed

who cares?

lol

I understand again apologies

[realr0ach]

https://tech.slashdot.org/story/18/05/19/0413238/google-removes-dont-be-evil-clause-from-its-code-of-conduct
https://i.imgur.com/0X7MkJV.jpg

I'd take the old guy with the killbot over the useful idiots any day.

If you would have any idea how hard is to get into that group that works for "Google Ideas" you would never say that. Each and every one in that group on the right has intellectual capacity you can only dream of. Jealousy is dangerous thing, when you want to be like someone but you don't have the necessary capabilities easiest thing to say is to bring them down, which only shows the kind of person you are.

What a load of shit.  Even if one of these broads inherited suitable IQ, women do not have the right priorities to achieve greatness.  It would be like giving a toast making robot infinite powers of the mind when the only thing the robot wants to do and is capable of doing is making toast.  Women are missing all of the right priorities, sense of self-sacrifice, and risk taking behavior to achieve greatness, which is why you will never see something like a female George Washington, Robert E. Lee, or Adolph Hitler.  

Calling them mindless baby making machines is of course oversimplified, and just like you can teach a chimpanzee sign language, women can be taught other things, but their mindless baby making and child rearing instincts are going to infect anything they attempt to do like a virus and contaminate that process.  This is why women should never be allowed to vote.  One of their instincts is attempting to create as big of a social safety net for themselves and their offspring as possible, so you're 100% guaranteed to have communism every single time by allowing them to vote.

[JayJuanGee]

Fox looks at moon

Hilarious.... 

Your rage quit was barely even noticed, by me.

What were you gone for an additional 12 hours, beyond your normal sleeping time?

[HairyMaclairy]

The gox trustee isn't allowed to dump any more coins unless the court orders him to. The last dump was because the court decided he needed more money to pay interest on all the fiat owed.

The trustee says he's almost sure civil rehabilitation will be approved, which means all those owed Bitcoins get paid back in Bitcoins. Although there might be another sale of a relatively small number of coins the vast majority are likely to get returned to gox's customers.

Yep, seems that way. If it goes to CR, we'll probably be looking at a year or more of lockup while all the claims are reassessed.

If we get CR, a lot of involuntary holders will likely dump at least a portion of their coins.

[HI-TEC99]

The gox trustee isn't allowed to dump any more coins unless the court orders him to. The last dump was because the court decided he needed more money to pay interest on all the fiat owed.

The trustee says he's almost sure civil rehabilitation will be approved, which means all those owed Bitcoins get paid back in Bitcoins. Although there might be another sale of a relatively small number of coins the vast majority are likely to get returned to gox's customers.

Yep, seems that way. If it goes to CR, we'll probably be looking at a year or more of lockup while all the claims are reassessed.

If we get CR, a lot of involuntary holders will likely dump at least a portion of their coins.

That's preferable to the trustee dumping the entire gox stash.

[realr0ach]

That's preferable to the trustee dumping the entire gox stash.

Gox holders will probably on average dump 1/2 and let the rest ride.  Meaning some will dump all for a windfall and others hold all, and it will probably average out to something like 1/2 dumped.