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

[Vlada69]

one problem there. it is falling wedge...

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[Arching_wild]

Ahah I really love these kind of memes based on bitcoin. Some of them are really too funny.

[shahzadafzal]

Remember:
"The most important person in Ethereum is Vitalik. The most important person in Bitcoin is you."

[RewFrew]

I noticed something on this thread.

The big and medium bitcoin stacks holder that are posting here for years turned to be talking like this now:

  1/ When bitcoin is dumping very hard = they post about bitcoin price in a very conservative bearish mode + less
      posts.

  2/ When bitcoin price pumping = like the rich peoples on gala charity they talks with good manners about weather, kids, vacations... The rich bitcoiners here talks very hard about jews, then silver, then jews, then silver.. and other bullshit topics ( thats the good manners of the rich bitcoiners).

The other day, we had a family talk, wife and kids all present, about where we should go this summer. While we were talking, we had a little snack - the usual lobster and fizzy wine thing - and the sun was shining as if it were early summer already. So the mood was just right to discuss our summer family vacation. My wife had the sense to mention we should pick a place that isn't full of Jews. Our champagne didn't taste as good in silver goblets as it does in plain crystal glasses, though.

Oops, going down again? I should shut up. We're headed sub-1k soon.

Lol good job.

[Spaceman_Spiff_Original]

Italy panic over, normal selling will resume shortly.

If this is true though, it will show us something very interesting. I have been trying to figure out lately whether the market is viewing bitcoin as another tech stock or a flight to liquidity style asset. It would appear that it's both. It seems that bitcoin likes either extreme and dislikes a status quo future.

I have come to a very similar conclusion.  Bitcoin is this weird animal that is both a highly speculative asset and a safe haven.

I would add that I don't think a status quo  is that bad(absent shitty fundamental news), more years of surviving means more trust.  Also, the tech gets developed further and the network and industry can grow.

[JayJuanGee]

I thought that someone had posted in this thread the below one hour Edward Snowden interview link earlier (like less than a week ago), but I cannot find the post.  

The interview is from March 25, I believe?

https://www.youtube.com/watch?v=_Iisu0snIL0&feature=youtu.be&t=3076


It appears to me that Snowden is being interviewed as some kind of bitcoin conference, yet Snowden does not really seem to know a lot about bitcoin or cryptos. Sure, Snowden is a bright guy, and he really seems to frame a lot of his world focus and views based on privacy and based on issues with the government, but it surely seems to me that he has not really consciously identified or prioritized the revolutionary nature of bitcoin.  By the way, he mentioned that he is a fan of zcash and monero, and he likes those coins for their privacy features - but he does not seem to appreciate the potential future contributions of the lightning network to evolve similar and possibly more powerful features due to the likely future greater bitcoin liquidity.

[jbreher]

I dont think r0ach is rich bitcoiner.

I know about him not having any bitcoin.

But they respond to him a lot of times then they switch to jews then other topics that arent related to bitcoin in general.

I don't know what it says about us that r0ach seems to be so successful at his assigned task.

[JayJuanGee]

https://usethebitcoin.com/the-6th-pattern-on-bitcoins-price-coincidence-or-market-manipulation/

At the moment there are several traders and investors that give their insights on the cryptocurrency market and how it can evolve in the next days, months or even years.
But different enthusiasts and professionals discovered a very interesting pattern in the charts, what is it all about?

The ‘6th Pattern’ in Bitcoin’s Price
According to this theory, the 6th day of each month Bitcoin will reach a top or a bottom in its price. The 6th of January Bitcoin reached one of the highest tops it has ever had
when it was traded around $17,000 dollars. After this day, BTC’s price suffered a reversal that took it just under $6,000 dollars.

The interesting fact, is that when it touched the lowest point, it was on February the 6th, just one month after it reached its highest price before starting a bear movement.
But the pattern repeats itself in the next months. Once Bitcoin was traded at its lowest point this year (February the 6th), it started to recover part of the value lost, and topped
around $12,000 dollars on March the 6th.

And the theory keeps in the next months, April and May. In March the 6th, Bitcoin’s upward trend changed direction and touched new lows the 6th of the next month (April) near $6,400 dollars.
We were able to experience the last bull trend between April 6 and exactly one month later when Bitcoin tried to break above $10,000 dollars.

Now we are approaching the next (possible bottom?) 6th in June when Bitcoin can reach a bottom, again. If the pattern does not break here, we could see a recovery that may take Bitcoin price near $8,750.

The ‘6th Pattern’ On Bitcoin’s Price - Coincidence or Market Manipulation?

Patterns repeat until they don't, but I have been trying to decide when to buy and this is as good an excuse as any. 6th it is.

Patterns repeat until everyone knows about them, then they don't, but they still get talked about, as if they still existed.  hahahahaha

[JayJuanGee]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement

on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and

in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...)

a fun ride ..we will see if it ends in a glide....or a crash...

You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021.

Maybe you have noticed a pattern, LFC?    Searing seems to continuously talk as if he is getting scared out of his stash, but for some reason, he has continued to HODL on...... at least his online persona seems to have made that impression.   

[xhomerx10]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement

on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and

in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...)

a fun ride ..we will see if it ends in a glide....or a crash...

You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021.

Maybe you have noticed a pattern, LFC?    Searing seems to continuously talk as if he is getting scared out of his stash, but for some reason, he has continued to HODL on...... at least his online persona seems to have made that impression.   

 Well, Searing is close to (if not already) 65 years of age and on a fixed income now since he retired.  I realize he has some money from a 401k but now his overall wealth is probably fluctuating tremendously due to Bitcoin and it seems to me that his Bitcoin stash is what made him comfortable in his retirement decision. I can understand his concern.

[JayJuanGee]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

I mostly agree with you, but never say never.... (even though I just did)... 

[JayJuanGee]

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

Yes good job TeraDebBera... Keep your consistent downer message...  

No way it goes to $3,000. Too many people will pile in if it goes anywhere near low $5,000’s.

That's funny. There were supposedly too many people waiting to buy in $14,000 as well - like bill gates and da bag insitutions were waiting there to buy every coin at 14K.

You most likely thought it was going to $0 in 2014

I actually drew charts showing that it would bottom around 300 and reach ATH in 2 years. Everyone thought it was super bearish and laughed me out of the forum. I ended up being wrong... it went lower than I expected, bottomed at 160 and reached ATH in 3 years. I was too bullish.

Exactamente!!!!!!   One of your MOSTEST redeeming intrinsic qualities has been to always be more right than you were.        

[4rt3m]

Shortists right now

[JimboToronto]

You buying some when you get back?  or what would be your "sufficient of enough dip" price point to buy?

Just got back and no, I can't afford to take advantage of this lovely buying opportunity.

I went down to do the paperwork (forking over a bunch of 500 peso bills and registering my constancias of ownership) on my second Mexican property, and ended up using up my fiat cash stash buying a third.  

I might actually have to (gasp!) sell a bit to make ends meet.

It was an offer I couldn't refuse though, a full hectare with a well for $50kMXN ($2.5kUSD). Motivated vendor.

Luckily, folks in those parts don't use banks. Cash rules.

[Searing]

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement

on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and

in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...)

a fun ride ..we will see if it ends in a glide....or a crash...

You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021.

Maybe you have noticed a pattern, LFC?    Searing seems to continuously talk as if he is getting scared out of his stash, but for some reason, he has continued to HODL on...... at least his online persona seems to have made that impression.    

yes...befuddled I am indeed.....my fingers are getting tired hanging this ledge over the abyss, however...

alas, in previous years 2013 to say Jan 2018 I was under the 'delusion' that I had an idea of wtf was going on...

yep...that cat left the house

I suppose someone can start a pool...when will Searing crack up and sell.....Ack!

The biggest pump and dump in the history of the world. Kudos, Bitcoiners!

The dark side I sense in you

ah hell, if that is the case it was a lot of fun....if it becomes 'Tulip City' so be it...I THINK I can squeak by till full retirement

on my 3 year retire early gig...so I guess, anything beyond pulling that stunt off is gravy...(or my start on self-justification for not selling and

in HODL mode...if it pans out to Tulips...a lousy 'go to hell' plan...but sheesh...most fun I've had these last 5 years since College...)

a fun ride ..we will see if it ends in a glide....or a crash...

You were here in 2013, this is nothing to worry about. Whale manipulation & mass accumulation stage. Don’t go anywhere until at least 2021.

Maybe you have noticed a pattern, LFC?    Searing seems to continuously talk as if he is getting scared out of his stash, but for some reason, he has continued to HODL on...... at least his online persona seems to have made that impression.   

 Well, Searing is close to (if not already) 65 years of age and on a fixed income now since he retired.  I realize he has some money from a 401k but now his overall wealth is probably fluctuating tremendously due to Bitcoin and it seems to me that his Bitcoin stash is what made him comfortable in his retirement decision. I can understand his concern.

Yep, this pretty much sums up my cowardice....dump the BTC as a sure thing, keep the Alts ..if the Alts pump, I missed making

more money because the BTC pumped...if the alts dump, well than obviously dumping the BTC was wise...

but if bitcoin dumps then the alts will dump too...and I will be doubly underwater

but yeah...essentially cowardice...on my part...

[Vin]

Shortists right now

[Icygreen]

Had to send another wire transfer at my bank. Facepalm... 40 minutes at the counter, teller had to go call someone then tells me to go home and wait for her call.   Already the following day and still having issues sending it.   Fucking dinosaur tech.  I'm so ready for BTC to file SWIFT into history.

I am struggling to understand why you need to to physically go to the bank in first place. What's the reason for not using online access for a wire transfer?

MY bank (credit union) does not have an online access for international wire transfers. I can start an email request for it but then comes all the identity confirmation tasks and such. Best way is still to walk into the bank, wait in line, manually type in all the necessary information, codes, names, addresses, etc. then wait a bit longer while they sort out an unexpected problem.  A day or 2 later the wire finally sends and I cross my fingers that its not rejected.
Now wait 3-5 business days for it to land in the account. 

Like I said, Fucking Dinosaur! 

Forgot the last step, complain on forums. 

During my wait I mentioned bitcoin as being a much faster and easier transfer system to the clerk. She said, "Bitcoin? Is that really a thing?"   

[d_eddie]

During my wait I mentioned bitcoin as being a much faster and easier transfer system to the clerk. She said, "Bitcoin? Is that really a thing?"   

No, it's just code.

[Bitcoinaire]

With higher lows over the past 4 months, this entire correction since January is a bear trap on a longer time frame.

[JayJuanGee]

You buying some when you get back?  or what would be your "sufficient of enough dip" price point to buy?

Just got back and no, I can't afford to take advantage of this lovely buying opportunity.

I went down to do the paperwork (forking over a bunch of 500 peso bills and registering my constancias of ownership) on my second Mexican property, and ended up using up my fiat cash stash buying a third.  

I might actually have to (gasp!) sell a bit to make ends meet.

It was an offer I couldn't refuse though, a full hectare with a well for $50kMXN ($2.5kUSD). Motivated vendor.

Luckily, folks in those parts don't use banks. Cash rules.

Well?  Probably, it does not hurt to diversify a bit, and if you considered your property purchase to be decent, then  your diversification in that direction could pay off.

As far as "buying opportunity" in bitcoin, none of us can be sure about whether another "better" opportunity will come, but seems that over the past several years, you were able to acquire at least a decent sized stash in the below 4 digits price arena, and therefore, you don't really need to feel any kind of FOMO because of further price rises that might take place from here.

On a related note, there are likely going to be a large number of folks who did not get into bitcoin earlier, and they recognize the exorbitant price growth to $19,666 - and they are "perceiving" bubble and "perceiving" have to correct to a "certain level" such as below $5k or below $3k, and if such price dip does not happen, then they do not feel comfortable getting in, and they miss out, again.      to repeat the pattern at some price point between $50k and $100k, perhaps?