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

[reactorjuno]

Guys, such graphs doing every year. I looked at the reddit and found very interesting graphs. As you can see in each of them "to the moon". I will not hide, I would like them to come true.
Example:
2013

Source: https://www.reddit.com/r/Bitcoin/comments/1stcgm/bitcoins_value_on_a_bestfitting_growth_curve_we/
2014

Source: https://www.reddit.com/r/Bitcoin/comments/1pzfcl/price_of_bitcoin_jul_2010_to_nov_2013_average/
2015

Source: https://www.reddit.com/r/Bitcoin/comments/38mlbr/bitcoin_price_june_20092015/
2017

Source: https://bitnovosti.com/2017/12/31/bolshoj-bychij-rynok-bitcoin-v-2017/bitcoin-price-pro-forma/

Astonishing stuff. Would read again.

[reactorjuno]

This however is quite amazing:

[gembitz]

hi guys, I'm new to the thread.
I checked several altcoins, many had already lost everything they gained yesterday, but NEO.... it's halfway only. I shorted a bit (150) at 17.833 just to check my hunch . What do you think?

Big cap shitcoins are the biggest shitcoins of all.  

i'd argue the shittiest shitcoins are more better than 99.9% of the tokens listed on shitcoincap lol

[reactorjuno]

Shit coins can make you earn a lot of money short term, and good coins can make you lose money short term. That's the sad truth when it comes to short term trading.

[JayJuanGee]

Make direct connections with people through local bitcoins or through bitcoin meet-ups.. but local bitcoins does seem to work pretty well... real peeps with various experiences in bitcoin. Perhaps some of them similar to yours?

Done a couple of times. Hard to set up for a trade and wondering in the back of my head just who is this person.

I have screened a lot of people through local bitcoins, so perhaps I meet only about less than 1/3 of those who respond to my advertisement.  In the end, I met a lot of people through local bitcoins, but I make them do it on my terms, since they are responding to my advertisement.  Therefore, I never go to their place, and a large majority of the time, I don't negotiate beyond the terms of the advertisement. 

If you are responding to someone else's advertisement, then I would suggest the same thing, just attempt to comply with their terms (and maybe just transact the minimum amount or near their minimum amount, just to get a feel for them).  Once you meet them, then you can negotiate if you want to have a continued relationship.

No offense against the ATM; they provide an incredible service in promoting bitcoin and making a fluid market, it's just too wide a spread to buy and sell and even a bit high for HODLing.

There does seem to be a difference between ATMs and I suppose if you live somewhere in which there is a lot of direct buy/sell competition then the ATM terms may be more reasonable.

And after watching exchanges fold and implode I'm not too comfortable with those. If you don't own your keys, you don't own your coin is a pretty reasonable statement.

First world problems.

I still remain of the position that if you own 10 bitcoins, it might be reasonable to have 10% of that value (which would be the value of 1 BTC (whether in BTC or in fiat)) on exchanges, just for some flexibility.  Most of the risk of exchanges seems to be securing your credentials rather than the exchange itself doing some kind of exit scam, but yeah of course, they set rules for their exchange, but if the amount that you keep there is smaller then you are probably less likely to butt heads with them.

[gentlemand]

Astonishing stuff. Would read again.

Am I missing summat?

All I see is a bunch of numbers plucked from a passing anus.

[Bitcoinaire]

Lately I've turned bearish, especially with the last chart from bob. I believe it's just a matter of time before we decidedly break under $5700. Though, I have a hard time seeing how the 2020 halving becomes a non-factor in terms of price.

[JayJuanGee]

Hy guys,

there where some pricepredictions from some guys for the end of this year ranging from 18k to 50k, so let's see what happens  

And then there's some guys expecting sub 6K.  Probably safer to include this range also. 3K-50K is a gamble I'd take although I'd prefer a slow and stable increase such as this past week.

I am.. !! LOL..   .. would love a sub 6k again, missed the last one..  

Oh?  You have not had enough opportunities to buy coins in the $6k territory?  We are in the $6k territory right now?  In the long term, there is not much difference between $6,400 and $5,900.  

In other words, haven't we had enough time to buy?  Aren't we ready for up, yet? 

Maybe I don't understand why supposed bitcoin bulls would be hoping for lower BTC prices (to accumulate more) when we have already had a pretty decently long period of low prices (since early February there have been dips into the sub $6ks), so aren't we ready to move up, yet?

[HairyMaclairy]

Bitcoin is a mechanism for transferring money from the impatient to the patient.  

Big cap shitcoins are the biggest shitcoins of all.  

You are kinda pessimistic, man

It costs $2,500 to deploy a single contract on a Neo with today’s (depressed) Gas prices.  During the peak it cost up to $38k to deploy just one contract.  

There is exactly zero chance any serious business would ever use Neo.

[JayJuanGee]

hi guys, I'm new to the thread.
I checked several altcoins, many had already lost everything they gained yesterday, but NEO.... it's halfway only. I shorted a bit (150) at 17.833 just to check my hunch . What do you think?

You in the right thread?  Have you noticed that this thread is about bitcoin?  What the fuck is NEO is it some kind of bitcoin?

hi guys, I'm new to the thread.
I checked several altcoins, many had already lost everything they gained yesterday, but NEO.... it's halfway only. I shorted a bit (150) at 17.833 just to check my hunch . What do you think?

Big cap shitcoins are the biggest shitcoins of all. 

You are kinda pessimistic, man

You are lucky to be treated so nicely, when you are an off-topic newbie.

[Phil_S]

Check out 1w interval...

Such "no change week" usually means top or bottom.

[HairyMaclairy]

Candle hasn’t closed yet, but it is perfectly reasonable to expect a decent bounce off $5700 from here. 

[kirreev070]

[mindrust]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

[rolling]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

[scambust]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

[Gyrsur]

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

[El duderino_]

Sipping on the wine as we speak .... but still sober enough to say the price is and Will be always to LOW ........ cheers 

[reactorjuno]

I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.

Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.

Unless it doesn't

The fundamentals are different now. I've seen die-hard Bitcoin fans sell sub $200 last bear cycle (I have zero respect for those idiots), thinking that maybe Bitcoin is really just a fad and that most people's opinion that there won't be a financial revolution that would threaten established banks.

But now? Everybody agrees cryptocurrencies are here to stay. The question is which ones. Always. What's happening now is just market cycle things, parabolic rises are always accompanied  with gut-wrenching crashes.

Could not agree more. Context is everything. The average Joe of the world has heard about Bitcoin in 2018, it was not the case back in 2014. Most governments of the richest countries either banned or "monitor closely" Bitcoin right now, before they did not care much (but why Bitcoin was allowed to exist in the first place is a bit of a mystery to me...).
It's of course possible to make money now, but just don't expect crazy rises as it happened last year.

[infofront]

And then there's some guys expecting sub 6K.

I saw one prediction that had us dipping as low as $3k mid 2020.

I would like to pretend I never saw that one though

EDIT: Found it on Twitter.

https://twitter.com/KunalDaSen/status/1029016530640625664

Anonymint agrees with this analysis.
https://steemit.com/trading/@anonymint/re-anonymint-bitcoin-to-usd15k-in-march-usd8-5k-by-june-then-usd30-k-by-q1-2019-20180818t094501515z

Edit: Also more discussion about this topic here