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

[dutchlincoln]

i bought my 2 kids both an gpu eth miner to educate them into crypto as it beomes their world, and i want to prepare them on their future.... Better just gave them the money they costed...

So you're mining an altcoin and you want guarantees about bitcoin's future, right?

FLMAO!! Capitulation starts!  Sorry a classic, really, but ya seriously @ dutchlincoln, hodl_2015 gave you a small gem with his post.  Pick yourself up man, or, ya know... sell and get that instant relief you're craving. Someone out there will be thankful for it  
Good luck dude, hope you're not being irresponsible with capitol needed in the short term.

Oh, i do appriciate the positive feedback of some, and i puke on the feedback of some self-acclaimed guru's with "steel balls".

Just like all newbies (yes, i know i am and i try to learn every day in order to lose that sign on my forehead) i just need some reassuring FACTS BASED info that we're still on the right track.
As some of those steel asses dont understand, is that its easy to look backward, but almost impossible to predict forward, especially with so little expirience. So what do you do? You ask. Oh, yeah, real tough talk to call it whining... C'mon, we're not at kindergarden here i thought? I share a weak moment, in order to get some good feedback, like the chart. I've been puzzling for 2 hours on it, analysing all the dots and so on.
As regards to a strategy: im holding since march this year. I bought my equipment in June 2017, exchanged some for SHA256 wich is 99% of what i own right now, and every week in december and january i sold my mined BTC to earn my equipment back. Everything i own is payd for. Everything i mine is profit (cheap power).
I DO have a strategy, but you base a strategy on what you know, and as i already said; im a newbee, so i need to adjust my strategy here and there, according to new insights i try to aquire here... Instead of hearing that i'm whining... Every now and then i'm just a bit frustrated that i see my efforts go down the drain. And not a little, but quite some. Ups and downs i can handle, as i'm in for the mid term, and a little for the long term. I dont have a thick elephant skin yet, wich makes me capable of ignoring those immense drops in value. Thats experience i still need to grow.


Chocolate-Balls...



I really dont understand. Me as a person, love to explain others if they need info or explanation on something i have knowledge of. From that point of view, if i dont know, or need info, i read, and when i cant find what im looking for, i ask. Its not a shameful thing to do. Not asking: thats stupid... never understood the fun of kicking someone into the mud...
i think it has something to do with being f**cked in childhood, and feeling the need to do the same now i guess... If those annoying types put me on a ignore: pleeeeease do. To all the others here: Thanks you for your contributions, explanations, graphs, links, charts, time, effort, etcetera. It IS being appreciated, thank you.

[LFC_Bitcoin]

Everyone has been extremely bearish. Could be a bullish sign, as Theymos mentioned.

At any rate, I can't imagine us going below $3K.

LOL, I am pretty convinced this shit is going sub 1K. Years from now and it will be remembered as a scam of the century, it actually is, admit already that all you are waiting for here is just new bunch of idiots with student loans. No difference with 2014-2015, but this time it will never hit even 10K.

LOL
Crazy fuck’s showing up and calling crazy Numbers ..... mostly good sign

Probably NO COINERS mic

[HairyMaclairy]

Bitcoin is really boring. It doesn’t do anything. 

[JayJuanGee]

I am playing around with Google Trends data of "Bitcoin" as a search term v Bitcoin price.  I used the daily values for each for 2018, converted to a percentage.  Start date is 1 January 2018, end date is 5 September 2018.

Price is orange, trend data is green.  

So, "absolute" is the number of bitcoin queries as a fraction of global Google use?

Hmm. I can't spot any pattern. Can you?

It would be nice to have the day scale in months/weeks rather than absolute numbers, with a few markers to put things into historical perspective.

The first peak in searches seems to anticipate the price. After that first event, the curves seem mostly uncorrelated. Maybe if we REALLY search Google a lot we could...?

I was of the opinion that google searches follow price (like in the FOMO period) rather than leading price.. in other words a lagging indicator.

[Wekkel]

Bitcoin is really boring. It doesn’t do anything. 

Signs of desolation.... with an occasional big move up or down.

[goldkingcoiner]

Everyone has been extremely bearish. Could be a bullish sign, as Theymos mentioned.

At any rate, I can't imagine us going below $3K.

LOL, I am pretty convinced this shit is going sub 1K. Years from now and it will be remembered as a scam of the century, it actually is, admit already that all you are waiting for here is just new bunch of idiots with student loans. No difference with 2014-2015, but this time it will never hit even 10K.

BITMEX IS AN SCAM EXCHANGE

We all thought bitfinex is evil and doing disservice to bitcoin, but Bitmex is worst. We should avoid bitmex.
It will be the end of bitcoin.
That exchange will squeeze every penny you have.
Hayes greed is insatiable. Look at that face. Damn greedy bastard.

Bitmex is scheming and scamming all traders there. Now it control significant amount of bitcoin and look at what its doing to the crypto community.
Even lunch money will be stolen from you by that greedy hayes.

We need to stop bitmex now. or else its death for bitcoin.

UH OH! Someone longed at the top of the higher low in a bear market at 100x leverage!!!!!

[elrippos friend]

I think we all have to accept that last year was a wild fucking ride. Bitcoin has & does have wild swings when we fall massive %’s from ATH’s.

Somebody posted a graph before showing the crashes we’ve had in % form from every ATH so far.

Stay strong & HODL, we will find a bottom & in a year or two we’ll reach a new ATH.

HODL!!!!!

Muuuuaaaaaahhhhhhaaaaaahhhhhhaaaaaaa 

[HairyMaclairy]

I am playing around with Google Trends data of "Bitcoin" as a search term v Bitcoin price.  I used the daily values for each for 2018, converted to a percentage.  Start date is 1 January 2018, end date is 5 September 2018.

Price is orange, trend data is green.  

So, "absolute" is the number of bitcoin queries as a fraction of global Google use?

Hmm. I can't spot any pattern. Can you?

It would be nice to have the day scale in months/weeks rather than absolute numbers, with a few markers to put things into historical perspective.

The first peak in searches seems to anticipate the price. After that first event, the curves seem mostly uncorrelated. Maybe if we REALLY search Google a lot we could...?

I was of the opinion that google searches follow price (like in the FOMO period) rather than leading price.. in other words a lagging indicator.

I think where I am going with this is confirmation of a price trend.  If google searches don't follow an upwards price trend, then the price trend is suspect. 

[Realerre]

There's a reverse bart forming like now...watching it live is amazing

[julian071]

Nice dump & pump action :+)

[serveria.com]

Who sold at the bottom? 

[El duderino_]

Nice dump & pump action :+)

haha nice

weekend dump maybe turning into a sunday PUMP

[El duderino_]

Who sold at the bottom? 

ain't selling shit but i did changed my gameplan-lifestyle

from fine DINNER places as last times to CRAP PLACE breakfast places whitout a HOT GF or anything like really right now 

everything from tables and seats and chairs are broken and shit..... = hodling style modus for the goossman

[LFC_Bitcoin]

Who sold at the bottom? 

Bunch of losers probably.

[El duderino_]

Everyone has been extremely bearish. Could be a bullish sign, as Theymos mentioned.

At any rate, I can't imagine us going below $3K.

LOL, I am pretty convinced this shit is going sub 1K. Years from now and it will be remembered as a scam of the century, it actually is, admit already that all you are waiting for here is just new bunch of idiots with student loans. No difference with 2014-2015, but this time it will never hit even 10K.

LOL
Crazy fuck’s showing up and calling crazy Numbers ..... mostly good sign

Probably NO COINERS mic

this i now, its all just NOISSSEEEEE

[Icygreen]

i bought my 2 kids both an gpu eth miner to educate them into crypto as it beomes their world, and i want to prepare them on their future.... Better just gave them the money they costed...

So you're mining an altcoin and you want guarantees about bitcoin's future, right?

FLMAO!! Capitulation starts!  Sorry a classic, really, but ya seriously @ dutchlincoln, hodl_2015 gave you a small gem with his post.  Pick yourself up man, or, ya know... sell and get that instant relief you're craving. Someone out there will be thankful for it  
Good luck dude, hope you're not being irresponsible with capitol needed in the short term.

Oh, i do appriciate the positive feedback of some, and i puke on the feedback of some self-acclaimed guru's with "steel balls".

Just like all newbies (yes, i know i am and i try to learn every day in order to lose that sign on my forehead) i just need some reassuring FACTS BASED info that we're still on the right track.
(Snipped)

There's some really great educators out there that may answer some of the questions you have. Andreas Antonopoulos and Simon Dixon come to mind. But do yourself a favor and find the difference between fundamentals and price speculation. Hint, they do not always align with each other but when they do its rockets and Lambos.
As many have said here, holding is not easy in a volatile fringe market and if you happen to be on the correct side of the price speculation in the future, it's likely because you've earned it.

[Yaplatu]

As a reminder :

Between July 25 and 26 (2018) Facebook lost 22%  (-22% = 137 billions).  

[elrippos friend]

Man boring in here 
No dump and/or pump action 

[HairyMaclairy]

Found out why I was having trouble getting limit orders filled on ETH/BTC today on Bitstamp. Total daily volume:  $US 1 million.  That’s a shitcoin.

Man boring in here 
No dump and/or pump action 

It’s just noise in the middle of the wedge. Doesn’t mean anything.

[d_eddie]

I am playing around with Google Trends data of "Bitcoin" as a search term v Bitcoin price.  I used the daily values for each for 2018, converted to a percentage.  Start date is 1 January 2018, end date is 5 September 2018.

Price is orange, trend data is green.  

So, "absolute" is the number of bitcoin queries as a fraction of global Google use?

Hmm. I can't spot any pattern. Can you?

It would be nice to have the day scale in months/weeks rather than absolute numbers, with a few markers to put things into historical perspective.

The first peak in searches seems to anticipate the price. After that first event, the curves seem mostly uncorrelated. Maybe if we REALLY search Google a lot we could...?

I was of the opinion that google searches follow price (like in the FOMO period) rather than leading price.. in other words a lagging indicator.

I think where I am going with this is confirmation of a price trend.  If google searches don't follow an upwards price trend, then the price trend is suspect. 

I see your point, JJG and Hairy. It makes sense. But I can see such a confirmation only after the second spike - not the first. This doesn't make as much sense, does it?