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

[RejectedBanana]

I'm really thinking of quitting. Too tired of this. if 11K will ever happen i will quit(

Still kicking my ass for not dumping $1M @ $11.5k on the last bounce

At what point will you be kicking your ass for not reinvesting the millions you already cashed out back into Bitcoin?

Do you have that much more faith in fiat and your managed stock portfolio over Bitcoin these next few years?

Are trade wars and nationalism getting you harder than choo-choos and rocket ships ever did?

 

Bitcoin hashrate still climbing.

Bitcoin price still up +150% from 1 year ago.

SEC still being hammered with Bitcoin ETF applications.

Fidelity, Goldman, JP Morgan still proceeding with Bitcoin trading options.

The Commissioner of the US CFTC still calling Bitcoin an unstoppable technological revolution and modern miracle.

Bitcoin is dead. Long live Bitcoin!

[hodl_2015]

Here's an updated comparison of global energy consumption.

Banking: > $1,870B
Bitcoin: ~$3.5B

Bitcoin Energy Consumption Index
https://digiconomist.net/bitcoin-energy-consumption

Sounds about right. PDP-11 Power Requirements: 6kW each.
They could run there banking software on a more efficient raspberry-pi using a PDP-11 simulator, but I doubt they would bother.
Don't even start on the forests destroyed for making punch cards.
off-topic: I'm scraping together every last fiat coin if it does another dip.

[DaRude]

Finex leveraged longs are still at $700MM i wanna see them under $500MM. Can we absorb $200MM sell off?

[FractalUniverse]

Finex leveraged longs are still at $700MM i wanna see them under $500MM. Can we absorb $200MM sell off?

where can we see leveraged longs vs. shorts stats? all i found is just total leverage funding

[realr0ach]

Level 3 tactical bombardment of shitcoin walls authorized to destroy the scammers trying to distract the goyim away from sound money like physical silver and gold.  Godspeed.

[Wosterlee]

[realr0ach]

CFTC Comissioner Behnam:

Let me repeat that:  these currencies are not going away and they will proliferate to every economy and every part of the planet.  Some places, small economies, may become dependent on virtual assets for survival.  And, these currencies will be outside traditional monetary intermediaries, like government, banks, investors, ministries, or international organizations.

We are witnessing a technological revolution.  Perhaps we are witnessing a modern miracle.

And why does he say such nonsense praising shitcoins?  Because Fort Knox is empty of gold along with Canada and many other nations, so allowing them to hoist imaginary, valueless shitcoins on you instead is their last ditch effort in order to not be held responsible for all the theft and crimes they've done that would cause regime change and all of them to hang.  Plus they want to put you in a cashless society slave system anyway, and that's what this is.

The factions that believe they can actually get away with this are complete morons because no high rollers are interested in using shitcoins over gold and silver to safeguard their wealth.  When the shit hits the fan, the bankers are all going to hang no matter what type of shitcoin scams they try to replace metals with.  There are people willing to gamble with this garbage, but there's simply nobody of any real wealth or power willing to pretend gold and silver don't exist and take enormous risks for no reason trying to store their vast empire of wealth in imaginary shitcoins.

[realr0ach]

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.

https://i.imgur.com/yDwJNH5.jpg

The original r0ach call of flash crash to $3k then bounce to $4.2k-4.4k is still in play.  I'd like it to go to zero and just die so people can get back to sound money (silver and gold), but I fear it will likely bounce from the $3k flash crash and sideways in the $4xxx range for a while, then some pump and dumpers will attempt to pump and dump again after next halving.

[fragout]

They are upping their game.
 This is not just a Bart but a brand new formation which i shall name a Bart and Shoulders or in this case a reverse Bart and Shoulders.
At the moment, one shoulder and part of the head have formed.

[babanana]

CFTC Comissioner Behnam:

-snip cockroach nonsense-

-snip nonsense pic-

[Majormax]

I hate to be a bear...I think we have a good chance of hitting 4900 -5200 in July to August. Hopefully that would form a bottom. Again it is anyone's guess.

https://i.imgur.com/yDwJNH5.jpg

The original r0ach call of flash crash to $3k then bounce to $4.2k-4.4k is still in play.  I'd like it to go to zero and just die so people can get back to sound money (silver and gold), but I fear it will likely bounce from the $3k flash crash and sideways in the $4xxx range for a while, then some pump and dumpers will attempt to pump and dump again after next halving.

3k is going to take a year or two.  A flash crash would be more positive for the price as it would shake out weak hands and form a solid base.

Another 2000 similar pages of posts on this thread, and a slow rollercoaster downwards is, unfortunately, the more likely course.

[HairyMaclairy]

[Rsiyz]

summer , vacation time is comming, people spendig fiat    also crypto to fiat

in treade war world crypto loosing sense.. only in globalised world can absorb all "fiats" as was planed

that graph over ...
history never repetated.. becouse most of people and ledaders learning from past.. but as it look   
usa never learned)) thats why loosing . also with eu 

[Majormax]

Here's a chart I posted on May 24, 2018 in my publication I linked everyone to above with a focus on end of 2014 to 2015:  I provided an additional scenario to consider with Blue text bubbles.  If that scenario plays out to take us down even further, then we're looking at the $4,000 to $,4500 range potentially.  I'm still leaning towards the scenario I provided in the first chart.  I'm hoping we are currently located similar to where you see the 2nd AR (Automatic Rally) going down to the Spring/Test in the chart below.

Thanks. Proper (but relatively simple straightforward) technical analysis here. It is always correct to propound at least 2 opposing scenarios.

If comparing with the 2014-2016 chart, the time frame needs to coincide to be valid. That will not be a popular view, because it consigns the Wall Observers to another year or two of an anxious bear market.

I am hoping for the better scenario, although my instinct and experience tells me that hope doesn't normally coincide with realism.

[LFC_Bitcoin]

The price fell 300-400 USD overnight & I see posts predicting $4,000 & even $3,000 soon.
What is this wizardry/retardedness?

[Raja_MBZ]

Support at $7175 looking strong. Probably we're gonna see a jump now but I'm literally tired of seeing stupid head of Mr. Bart Simpson again and again.

Within the last 3 hours, I've received two calls from my family members asking how they can buy bitcoin right now. Surprisingly, they've been keenly observing BTC to USD rate at Google and today they think is the right time to buy.

[4rt3m]

Bullish news from Germany again:

30% of Germans Are Interested In Investing in Bitcoin (BTC) and other Cryptocurrencies

According to a recent survey by Germany’s retail bank, Postbank, 29% of Germans believe that cryptocurrencies are a desirable investment opportunity. According to the report, Bitcoin (BTC), Ethereum (ETH) and other major cryptocurrencies, were still the favorite choice investments for the surveyed group of participants.

https://ethereumworldnews.com/30-of-germans-are-interested-in-investing-in-bitcoin-btc-and-other-cryptocurrencies/

[Torque]

BTFD

[mOgliE]

Finex leveraged longs are still at $700MM i wanna see them under $500MM. Can we absorb $200MM sell off?

That just means we're pretty far from a stable price...
And I understand them cause longing is what most of use are doing. Buying and storing is the same as longing...

What we need is time, time for people stop caring so much about btc and letting the currency breath alone. We need another huge 2k dip so that tons of people say "fuck off I'm out" and then only those who own btc will stay.
But let's be honest who would short btc right now? xD

[Rosewater Foundation]

BTFD