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

[jbreher]

Price goes up then everyone jumps on the "to the moon" club.

Price dumps then everyone jumps on the "buy the dip, buy now or regret it, never be this cheap again" club

Well sure, when you say it like that, it doesn't sound very good.

But the reality is that in this crazy Bitcoin world, that has been a winning strategy.

Funny.

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[markj113]

They're not investors at all, they don't interested in technology and don't plan to use BTC in payments and somewhere else. Basically, they're the worst type of holders, who're ready to sell it at any moment. I know that folks there don't like alt coins, but they give a great liquidity to Bitcoin, people who diversify their portfolio with alternate cryptocurrency to increase their deposit in BTC at the end point is the best investors at the market right now.

People that invest in the markets are not interested in the companies just the return on their investment.

For bitcoin to grow and achieve mass adoption a small group of fan boys isnt going to cut it and you need large inflows of cash.

[realr0ach]

More upward charts all the way down. Lets go.

All indicators failing, shifting to militant arab groundhog indicator:

[Rosewater Foundation]

a price of about $3200 in the current situation.

Biggest pump and dump in history. Thanks, Wall street. 

[TERA2]

[vapourminer]

My retirement went from living on the beach in Tahiti with the price over $10k. Then living in Thailand under 10k. Now I'm on a ratty old bus on my way to Cambodia.

Not many countries cheaper than Cambodia. Please don't drop any further.

living in cardboard boxes under bridges is popular here in the USA. might work in Cambodia too.

[realr0ach]

[RejectedBanana]

People that invest in the markets are not interested in the companies just the return on their investment.

For bitcoin to grow and achieve mass adoption a small group of fan boys isnt going to cut it and you need large inflows of cash.

Nope, no growth here. Gonna have to try harder fan boys:

Bitcoin vs Dow Jones Return on Investment (%)

Bitcoin DOWN 55% YTD
But STILL UP
155% at 1 YR
790% at 2 YR  
6,175% at 5 YR  
174,853% at 7 YR  

No job growth either:

Startup Jobs Site AngelList Reports Doubling Of Crypto Jobs Since New Year

No MSM, institutional, or regulatory interest from the "big boys" this year either:
Bitcoin Sees Wall Street Warm to Trading Virtual Currency May 7, NY Times
Bitcoin is Seeing Unprecedented Institutional Interest for First Time in History May 8, News BTC
LedgerX Launches First CFTC-Regulated Bitcoin Savings Accounts May 15, Forbes
U.S. Regulator Demands Trading Data From Bitcoin Exchanges in Manipulation Probe June 8, Wall Street Journal
CFTC COMMISSIONER: BITCOIN, CRYPTOCURRENCIES ARE NOT GOING AWAY June 10, Bitcoinist
Institutional Hedge Fund Survey FundStrat, April 23

[markj113]

-55% YTD
155% at 1 YR
790% at 2 YR  
6,175% at 5 YR  
174,853% at 7 YR  

Those figures really form a nice ponzi triangle when you factor in the user base and coin distribution .

Ducks to avoid the triggered crypto-extremists 

[RejectedBanana]

Bitcoin DOWN 55% YTD
But STILL UP
155% at 1 YR
790% at 2 YR  
6,175% at 5 YR  
174,853% at 7 YR  

Those figures really form a nice ponzi triangle when you factor in the user base and coin distribution  

Similar Ponzi schemes factoring in user base and shareholder distribution:


Bitcoin currently ramping up in the first few percentiles

Netflix (78% Institutional Investors, 5% Individual Stakeholders)


Apple (63% Institutional Investors, 1% Individual Stakeholders)


Amazon (60% Institutional Investors, 17% Individual Stakeholders)


Berkshire Hathaway (70% Institutional investors, 6% Individual Stakeholders)


Log scales

[Torque]

-55% YTD
155% at 1 YR
790% at 2 YR  
6,175% at 5 YR  
174,853% at 7 YR  

Those figures really form a nice ponzi triangle when you factor in the user base and coin distribution .

Ducks to avoid the triggered crypto-extremists 

[Globb0]

They remind me of the million dollar webpage thingy, buy a pixel at a time.

[Toxic2040]

Good morning guys.

1h

Honey badger on the prowl..lock up the whiskey and the women.

4h

Looks like Bob left out one of hes shit kicking boots last night..  Any status reports on he's where abouts??


D

From fully erect to limp and tender in a matter of hours...go bitcoin go. Looks like a corrective rebound is forming with indicators at or near bottoms. #dyor

[vroom]

#random

On today's episode of satoshis.place.

Stay weird, Bitcoinlandia !

bitcoin is all about lambos and penises.

oh, and about bottoms of course.

[jojo69]

hmmmmm

so it turns out 1 USD is worth .000147 BTC

who knew?

[BitcoinNewbie15]

We do seem to be tracking frightfully close to the accelerated 2014 model.

This is very interesting, it would make sense due to all the exposure Bitcoin has seen this bubble vs all the previous bubbles. I hope this is the case, and if we are indeed forming a triple bottom this could be likely.

[JayJuanGee]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

I'm stuck with the one in the middle, since I am a slow poke.  Poor me.   

[Ludwig Von]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

I'm stuck with the one in the middle, since I am a slow poke.  Poor me.   

I think I am stuck with another one and I am going to keep the pic with me... . 

[cAPSLOCK]

I tend to be a perma-bear, but this most recent crash feels really artificial.

Playing devils advocate a little.  What is exactly an "artificial" crash?

[Ibian]

I tend to be a perma-bear, but this most recent crash feels really artificial.

Playing devils advocate a little.  What is exactly an "artificial" crash?

One engineered by a small group of people as opposed to the market as a whole.