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

[vapourminer]

 I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

needs to be 4WD. after all, bitcoiners need to get to where theyre going no matter what is in between point a and b.

say, this Mercedes AMG G63, 580+ HP, just the thing for off road jaunts. even says "BITURBO" on the side lol.



https://www.mercedes-amg.com/en/vehicles/g-class/suv/g63.html

[JayJuanGee]

Theymos says 3 grand. I'm betting on 3 grand. Sad but true.

$3k is not impossible, but that was not my prediction. I think that:
 - The most recent crash was artificial, driven by very few whales.
 - The market has wanted badly to stabilize for a while, but keeps choosing what turns out to be a too-high price.

So I predict that the price will rise somewhat, maybe a bit above 7k, and then it will either stabilize (in BTC terms...) or *slowly* continue a downward trend. I feel that we are not too far from a sustainable longer-term price: I'd guess 5500 at the lowest. IMO 3k *could* be reached by widespread panic selling, and 1k could be reached if some shit *really* hits the fan, but I consider neither likely.

Thank you for the clarification.
(I'm still betting 3 grand.  )

You party poop!!!  

When is the $3k coming?  In the next few months?  This calendar year?  Before the end of 2019 or some other approximate timeframe?  

In order to prepare for what you believe is likely to happen (which you should do, right?), did you sell all or part of your coins at a profit?  just break even? or some other calamity?

[realr0ach]

It is worth keeping a % of portfolio assets in BTC (like gold, as advisers will tell you, up to 10%).

Supposedly the best peforming silver and gold allocation over time is 25-30%, not the 10% number people toss around.  When every asset on earth is in a giant bubble except silver and gold, and the world economy is on the verge of blowing up, going higher isn't a bad idea when there's no other good options anyway.

[JayJuanGee]

My own guess is there is a 50% chance of it ever acheiving $20k, and then maybe not until 2020 at earliest.

You realize that statements like these are really conservative, and very long term bearish about bitcoin... which causes me to conclude that you have some lack of appreciation for bitcoin's potential upside.

I do agree with you that the higher the expected future price, the lower the probability that it is going to happen, but  it seems to me that when you use words like "ever" in your prediction, you are attempting to predict too many legs in a chain of future events that you have to be nearly completely speculating about since it is nearly impossible to accurately predict more than a few legs into the future at a time... and the further out you go the more any prediction is going to be based on a lot of factors currently unknown.

Hopefully your bearishness is not rubbing too much off into me... 

[greensheep]

why is it that when BTC is in heavy waters all kinds of doom scenario's are spread.
And why is that when BTC in clear waters the sky is the limit.
IMAO we're somewhere in the middle now, and will be for some time.
Last drop as theymos said seems unnatural, most recent FUD about subpoena's being sent to multiple amercian exchanges at about the same time seems like perfect timing.

[Majormax]

My own guess is there is a 50% chance of it ever acheiving $20k, and then maybe not until 2020 at earliest.

You realize that statements like these are really conservative, and very long term bearish about bitcoin... which causes me to conclude that you have some lack of appreciation for bitcoin's potential upside.

I do agree with you that the higher the expected future price, the lower the probability that it is going to happen, but  it seems to me that when you use words like "ever" in your prediction, you are attempting to predict too many legs in a chain of future events that you have to be nearly completely speculating about since it is nearly impossible to accurately predict more than a few legs into the future at a time... and the further out you go the more any prediction is going to be based on a lot of factors currently unknown.

Hopefully your bearishness is not rubbing too much off into me... 

I entirely agree with you !

50% is the probability I am assigning. 'Ever' is not a prediction, just a part of one of the possibilities.

Of course, I omitted to say that another scenario (part of the other 50% if you like), is that $100k is achieved before 2022.

All these numbers and time frames are speculation, yes, and subject to evolving circumstance. That is what this thread is for.

Hopefully I can present ideas that give others food for thought, and also prevent ppl from making errors in trading by being too myopic. My apparent bearishness is only a comparitive with general bullishness, and the greatest mistake IMO would be too become too mentally committed to a bullish outlook (and thus disillusionment) when we are merely in a long bear market, which will eventually turn round.

Low predictions of $2-3k are merely realistic scenarios, and are helping to avoid the mental pain of HODling in a downtrand.

[mindrust]

why is it that when BTC is in heavy waters all kinds of doom scenario's are spread.
And why is that when BTC in clear waters the sky is the limit.
IMAO we're somewhere in the middle now, and will be for some time.
Last drop as theymos said seems unnatural, most recent FUD about subpoena's being sent to multiple amercian exchanges at about the same time seems like perfect timing.

Doomsayers are usually the ones who dumped their stash and wanting you to do the same so they can buy from a lower price. Don't listen to them. Buy the fucking dip and hold.

I've played that game before and got burned because of a bull run.

Don't be a sucker. Be on the safe side.

If you haven't sold from 15k+ or even 10k+... why even bother now?

[El duderino_]

for all last pages  

but offcourse thats beautifull all can have there own opinion , but seems to be the case when we go down all say negative and when its bull rally ,nothing can't stand in the way of the higher prices    


my father is maybe one of the worst .... is as long in BTC as myself  never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL     price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....


for many in here do not be my father in the BTC story   i am happy i am the biggest BTC bagholder @our place

[Last of the V8s]

USD is too strong for now  

[LFC_Bitcoin]

its good that @ these days belgium played good football with eden hazard in the BIG role .... see him going to be the best player on the tournament.....

so a little joy when prices going down ... full focus WK football with a few BTC bets here and there but nothing to crazy just for a little more excitment

Don’t want to scare you buddy but he got injured last night playing Costa Rica. Hopefully it’s not too bad.

[El duderino_]

its good that @ these days belgium played good football with eden hazard in the BIG role .... see him going to be the best player on the tournament.....

so a little joy when prices going down ... full focus WK football with a few BTC bets here and there but nothing to crazy just for a little more excitment

Don’t want to scare you buddy but he got injured last night playing Costa Rica. Hopefully it’s not too bad.

right on top of that news BUT he's allright and nothing to bad at all 

otherwise it would be a big loss ...... but man how good is he playing those last interlands .... now on money time

[harnorno2]

for all last pages  

but offcourse thats beautifull all can have there own opinion , but seems to be the case when we go down all say negative and when its bull rally ,nothing can't stand in the way of the higher prices    


my father is maybe one of the worst .... is as long in BTC as myself  never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL     price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....


for many in here do not be my father in the BTC story   i am happy i am the biggest BTC bagholder @our place

All hail the grandfather of crypto - BTC!

BTC has certainly come a long way! The integrity of the bitcoin network has proven to be secure over the years, and shall continue to do so!

[Ludwig Von]

for all last pages  

but offcourse thats beautifull all can have there own opinion , but seems to be the case when we go down all say negative and when its bull rally ,nothing can't stand in the way of the higher prices    


my father is maybe one of the worst .... is as long in BTC as myself  never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL     price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....


for many in here do not be my father in the BTC story   i am happy i am the biggest BTC bagholder @our place

You 're not alone... .

What I find freaking scary is that waiting for the now daily dump. And I have run out of fiat surplus that I had from the peak... . So my buying power is very limited. Dugh.

[4rt3m]

i don't at all doubt that you are well off.  You have been posting in this thread for some time now.  I am happy to hear that you are satisfied with the car you have chosen to carry you through this life.  I am looking for advices of the kinds of car that the bitcoin folks recommend (aside from the cliche laMBo!). currently drizing a handa CR-V.  Your thoughts appreciated!

What's the budget?

[4rt3m]

BetterHash Aims to Increase Bitcoin Mining Decentralization



https://news.buybitcoinworldwide.com/betterhash-aims-to-increase-bitcoin-mining-decentralization/

[El duderino_]

for all last pages  

but offcourse thats beautifull all can have there own opinion , but seems to be the case when we go down all say negative and when its bull rally ,nothing can't stand in the way of the higher prices    


my father is maybe one of the worst .... is as long in BTC as myself  never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL     price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....


for many in here do not be my father in the BTC story   i am happy i am the biggest BTC bagholder @our place

You 're not alone... .

What I find freaking scary is that waiting for the now daily dump. And I have run out of fiat surplus that I had from the peak... . So my buying power is very limited. Dugh.

yeah don't know where its gonna stop.... but maybe price isn't to bad for the moment just buy now ?
i going to battle for some more btc's as well today yesterdays session wasn't very good so gonna play some more today trying to collect some btc's if possible 

[El duderino_]

[toknormal]

Price evolution from here...

[d_eddie]

BetterHash Aims to Increase Bitcoin Mining Decentralization



https://news.buybitcoinworldwide.com/betterhash-aims-to-increase-bitcoin-mining-decentralization/

This Corallo guy is no dummy.Quite interesting, and very promising if it gets in use! BetterHash would also make it easier to create new "anarchist" pools, where the main operator does get a commission, but without the ability to influence the individual miners' "political" choices.

I'd like to hear what miners (or ex miners) think about the likeliness of this new protocol to replace Stratum.

[d_eddie]

(snip quotes)

For a little Straight Outta My Ass Non-TA:

(snip)

I suspect it's Wall St and institutions slurping up most of the whale poop. Several regulated brokers (Fidelity, Goldman, JP Morgan, etc) are on the brink of offering their own Bitcoin exchanges, and are probably in bed with the OTC brokers, accumulating, accumulating, accumulating. Of course, they're getting played by their OTC intermediaries, too, resulting in reverse Bart action and uptrends. I wouldn't be surprised if it's these Wall St guys crying foul in the first place and putting pressure on the CFTC to investigate unregulated OTC/futures manipulation and level the playing field before the flood gates open. This is causing further whale and OTC broker panic to hurry up and unload before regulators shine a light and scatter the roaches in their corner, too.

Why OTC in the first place? Besides avoiding thinly traded exchange slippage, OTC brokers don't typically report anything to the IRS or other tax authorities. I suspect KYC/AML is much more lax as well, as long as you got the coin to play. Privacy comes at a price, though, and it's name is manipulation.

Meanwhile, small fry retail guys are quietly accumulating, driving the bullish background action we see on the charts.

Straight Outta My Ass

4 hr candles

Your point of view is always one of the most thought-provoking for me. You often share insights I couldn't come up with. You must know a bit - and I don't mean only about corn.


By the way, I'm honored you joined the SOMA(tm) Alliance.
But please, remember to keep them predictions Almost Completely Wrong, Almost All the Time! It must be hard for you, but you understand - we've got a reputation to defend.