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

[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?

[ivomm]

So many newbie accounts and legendary accounts (sold to trolls of course) with doom and gloom posts. For those FUDsters telling us how Bitcoin will go to 3000K and lower: Tell me one reason even going there that I should sell now, knowing that it will come back to 6K in less than a year for sure.  Who knows, Bitcoin may reach 10K or 20K again while waiting to go lower and getting less Bitcoins at the end, than I have now. I've been there 2-3 times already and as a result I have half of the bitcoins I should have if just holded. So thanks, but no thanks. I will hodl even in the most severe bear winter.

[El duderino_]

Always so many numbers in charts for me its like 1 = hodl all the way to 12 = still hodl and what nbr 13 is gonna be on this chart  will still be hodl for me     
                                                       

[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.

via Imgflip Meme Generator

there will always be 2 groups

[goldkingcoiner]

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

NO COIN NO TITTIES

[Ted E. Bare]

Yep I also had to downgrade my lifestyle.

[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

NO YES COINs NO BIG TITTIES

FTFY ...... and its Just one of my sunday regular sober up breakfast places/hodlecave.....  

[crypmike]

Still HODLing


https://twitter.com/CryptoCobain/status/1038778693416615937

[serveria.com]

So many newbie accounts and legendary accounts (sold to trolls of course) with doom and gloom posts. For those FUDsters telling us how Bitcoin will go to 3000K and lower: Tell me one reason even going there that I should sell now, knowing that it will come back to 6K in less than a year for sure.  Who knows, Bitcoin may reach 10K or 20K again while waiting to go lower and getting less Bitcoins at the end, than I have now. I've been there 2-3 times already and as a result I have half of the bitcoins I should have if just holded. So thanks, but no thanks. I will hodl even in the most severe bear winter.

But that's not bad after all - it means these beartrolls are getting desperate to persuade anyone into selling so they attempt the last all out attack on forums, reddit etc.... BULLISH

[goldkingcoiner]

Once the market gets hooked on the bulls horns we should take a nice relaxing vacation to bangkok. At some point you will be able to buy pussy with coin.

[Maicol792]

I think this table is clear for any investitor   .... what do you think? I have bitcoin obsession...   but I think table n. 8 is the winner... I love btc

[LFC_Bitcoin]

Once the market gets hooked on the bulls horns we should take a nice relaxing vacation to bangkok. At some point you will be able to buy pussy with coin.

You already can - Loads of escort/hooker agencies accept bitcoin
And no I haven’t used any.

[BTCHadzija]

Elon is the Hero we need

[vapourminer]

i have and continue to make/modify plans that take into account worse case scenarios, at least as far as i am able. the potential failure of fiat is included in those plans. but, so is the failure of btc.

personally i am quite confident in btc rising in value. but i wont stake our future on just btc. or just fiat. we need to survive either ones failure. and even then its possible both will fail. thats my biggest worry, both go south. but its possible to survive that too, if you have enough things of value that can be traded for whatever is needed.

btc, fiat, physical holdings. one fails, no biggie, but annoying. two fail, well thats gonna hurt but its still possible to survive ok, although it will almost certainly suck a lot. but it still beats being homeless, starving and depending on others. all three fail? well, it was fun while it lasted. hopefully one has knowledge or skills that are in demand.

its not that simple of course, but thats my general view.

Of course, it is good to have various tentative plans for a wide variety of scenarios, but it is also not prudent to plan 50/50 or even betting 5% on an event that only has a .0238495% chance of happening.  Each of us should be attempting to be honest with ourselves and honestly attempting to allocate reasonably both upside and downside and tweaking from time to time (as you seem to already be in the practice of doing).

agreed. someone in a country with high inflation or a corrupt/insane dictator will allocate to those categories differently than someone in a more or less stable country. or some place prone to natural disasters that could wipe out vast parts of the land or infrastructure. each one must assign a risk factor and try to allocate/adjust funds accordingly.

now, if i were single, i would have much more of my net worth in btc. but im married now and much more risk averse. single, i did take much higher risks as they only affected me, no problem.. im an idiot, know it, and paid the stupid tax when needed. married, i wont risk our comfortable retirement simply for more possible profit. thats not to say i wont take risks for more profit at all, but much smaller ones than previously. securing our future is the priority. and to me that means more diversification. and i dont mean alts (junk), i mean non crypto. even though that has far less potential dividends, plus has its share of downsides too.

guess i just sleep more comfortably knowing ive done what i can to cover as many bases (to a reasonable extent) as i can.

also, for the record, i think bitcoin is the future of money and storage of value. writing that just in case someone thinks i dont. bitcoin was and is the best investment i ever did. im just somewhat more pessimistic about the world in general as i age. just wait till youre old and decrepit like i am, your viewpoint may change too heh.

[LFC_Bitcoin]

Yep I also had to downgrade my lifestyle.

Me too tbh, I’ve lived a bit of a false life since last year when I cashed in all my free BCH.

HODLING bitcoin is boring as fuck, having all that money but not being able to spend any of it. Fucking cock tease.
It’ll all be worth it in a few years though.

[Raja_MBZ]

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.

What a waste of a Legendary account...

We're not waiting for student loans, we're waiting for institutional money flowing into crypto, bro!

See ya after a few years when the reserve of central banks will be measured in BTC instead of USD!

[elrippos friend]

Still HODLing


https://twitter.com/CryptoCobain/status/1038778693416615937

Very nice 

[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.

What a waste of a Legendary account...

We're not waiting for student loans, we're waiting for institutional money flowing into crypto, bro!

See ya after a few years when the reserve of central banks will be measured in BTC instead of USD!

In the future Many NOCOINERS Will be working for COINERS
Future looking good