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Question: Closing BTC Price June 17:
$0 - 2 (1.8%)
<$6,500 - 7 (6.2%)
$6,500-$6,750 - 1 (0.9%)
$6,751-$7,000 - 2 (1.8%)
$7,001-$7,250 - 3 (2.7%)
$7,251-$7,500 - 6 (5.3%)
$7,501-$7,750 - 4 (3.5%)
$7,751-$8,000 - 12 (10.6%)
$8,001-$8,250 - 13 (11.5%)
$8,251-$8,500 - 6 (5.3%)
$8,501-$8,750 - 6 (5.3%)
$8,751-$9,000 - 11 (9.7%)
$9,001,$9,250 - 10 (8.8%)
$9,251-$9,500 - 8 (7.1%)
>$9,500 - 15 (13.3%)
$20,000 - 7 (6.2%)
Total Voters: 113

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21222081 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (64 posts by 15 users deleted.)
goldkingcoiner
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September 10, 2018, 01:56:12 AM


I wouldn't be surprised if people irrationally freak out about it. I could see the price dropping further once more people hear this news. Though realistically, CXBTF was just made available on US markets about a month ago, and its all-time US trading volume looks to be only something like $5 million, so it's not as if a major player in the market was just removed.

According to some apparent SEC quotes on CoinDesk, it looks like the SEC is annoyed by some language in CXBTF's marketing material, though I can't actually find the source of those quotes.

IMO about $1-2k of the price is built on top of people hoping for an ETF (which would probably quickly put the price well above $10k), so any news that hints for or against quicker ETF approval is likely to have major effects.

Bears and FOMO'ers are going to milk the shit out of this news, no matter how small

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.

I would start here:



It's official. We are doing this.

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.

Same. The funny thing is that I haven't actually cashed out anything. I just looked at my wealth increasing "on paper" last year, and stepped things up accordingly. Ate at fancier restaurants, flew first class, etc.

Now I'm back to Taco Bell and flying coach.

Well, at least it isn't Ramen 3 times a day and taking the bus.

you can still afford to ride on a bus? damn. look at mr moneypants here

Actually, I can afford to put an all beef hotdog in my Ramen and I do drive my own 2 years old car. I'm blessed.  Cool

Wow, you are all rich. Now I eat only in the university cafeteria and sometimes I order Chinese food. In this year I changed my lifestyle.

Rich? Maybe in theoretical dollars but ask any of these coin sluts if they are planning on cashing out and they will scratch your eyes out.
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JimboToronto
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September 10, 2018, 02:06:47 AM
Last edit: September 10, 2018, 02:18:20 AM by JimboToronto

Sell high, buy low  

Buy low, sell only when absolutely necessary.

Rich? Maybe in theoretical dollars but ask any of these coin sluts if they are planning on cashing out and they will scratch your eyes out.

Cashing out? You mean like selling all your coins to hold fiat currencies?

That kind of foolishness doesn't make me want to scratch your eyes out. It makes me want to pity you.
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September 10, 2018, 03:43:09 AM

Every time I try to interface with the legacy banking system I remember why I bought bitcoin. It's always such a pain in the ass in some way, it NEVER fails.
I know. I like having control over my money.
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September 10, 2018, 04:04:54 AM
Merited by JayJuanGee (1)

Rich? Maybe in theoretical dollars but ask any of these coin sluts if they are planning on cashing out and they will scratch your eyes out.

Who would sit through the entire painful bear season just to sell the bottom?
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September 10, 2018, 04:07:46 AM

Rich? Maybe in theoretical dollars but ask any of these coin sluts if they are planning on cashing out and they will scratch your eyes out.

Who would sit through the entire painful bear season just to sell the bottom?

You know what they say about prices...

1) It is either the ATH

2) or the ATL

You want the above to rotate in an UPWARD direction rather than the reverse!

(or so it seems) Wink

brad
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September 10, 2018, 04:37:43 AM

What a wall to be observed

https://www.zerohedge.com/news/2018-09-09/sec-orders-temporary-halt-swedish-bitcoin-ether-etns-citi-launches-game-changing
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September 10, 2018, 04:56:40 AM
Last edit: September 10, 2018, 03:56:28 PM by infofront

I interpret the SEC statements as code for “we think the promoters are engaging in misleading and fraudulent advertising”.

It’s one more nail in the coffin of an ETF this year.


It doesn't seem to have anything to do with the ETFs. This is for the Swedish ETN.

https://www.zerohedge.com/news/2018-09-09/sec-orders-temporary-halt-swedish-bitcoin-ether-etns-citi-launches-game-changing

Meanwhile, Citi is launching an instrument called a "Digital Asset Receipt". Who needs an ETF?

Edit: Link is a repost - hv_ beat me to it.
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September 10, 2018, 05:09:48 AM

goldkingcoiner:

Idiot. Begone.
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September 10, 2018, 05:14:33 AM

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.

Same. The funny thing is that I haven't actually cashed out anything. I just looked at my wealth increasing "on paper" last year, and stepped things up accordingly. Ate at fancier restaurants, flew first class, etc.

Now I'm back to Taco Bell and flying coach.

Well, at least it isn't Ramen 3 times a day and taking the bus.

you can still afford to ride on a bus? damn. look at mr moneypants here

Actually, I can afford to put an all beef hotdog in my Ramen and I do drive my own 2 years old car. I'm blessed.  Cool

Wow, you are all rich. Now I eat only in the university cafeteria and sometimes I order Chinese food. In this year I changed my lifestyle.
You can sleep well knowing your most likely getting more ass then them.

Back to the roots doesn't harm the mind  Grin
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September 10, 2018, 05:48:19 AM

I interpret the SEC statements as code for “we think the promoters are engaging in misleading and fraudulent advertising”.

It’s one more nail in the coffin of an ETF this year.


It doesn't seem to have anything to do with the ETFs. This is for the Swedish ETN.

https://www.zerohedge.com/news/2018-09-09/sec-orders-temporary-halt-swedish-bitcoin-ether-etns-citi-launches-game-changing

Meanwhile, Citi is launching an instrument called a "Digital Asset Receipt". Who needs an ETF?

Details

https://www.businessinsider.de/citigroup-exploring-crypto-digital-asset-receipt-2018-9?r=US&IR=T
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September 10, 2018, 06:00:47 AM

preparing myself for FINE dining and MUCH drinks gotta miss the lady for a day or 10 ......

so if i get little bit drunk then excuse me for whats maybe coming this evening of OFFtopic shit post

*question of the week are we gonna get a WEEKEND pump ?? (weekend recovery  Roll Eyes ) i will do the effort of blowing the BULLHORN






We’re going to get a weekend pump to over $7,000 again so go all in.

**I have no fucking idea what I’m doing - Do not trade on the above advice. I am strictly a HODLER & definitely not a day trader

yeah, $6200 nice try.
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September 10, 2018, 06:23:06 AM

Love it how the market is ignoring the SEC FUD  Grin
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September 10, 2018, 07:20:03 AM
Last edit: September 10, 2018, 09:01:12 AM by 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.

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.  

Sure.  When you are comparing google searches to BTC price, you might be able to find a bit of a trend here and there, but I would suspect that down trend will continue in google searches quite a bit after bitcoin has already been going up in price, and so the google search uptrend does not begin to show for so long that by the time you notice it, the price has already done a 2x or 3x from where it was.. perhaps more.

I bet you can see a similar thing in 2015/2016...   Pretty much we were coming out of the bear market in late 2015.. (let's say such coming out happened in the October time frame when prices shot from mid-to-upper $200s to $500 and then settled back into the $350 to $450 range until about end of May 2016), but really we likely did not realize that we were out of such bear market until after May 2016.. but we even had some false starts after May 2016, too, with the Bitfinex crash in August 2016 and then some subsequent drama in late 2016 and early 2017 with the blocksize bullshit, flippening bullshit and BTC forking threats.  

I bet that Google search trends did not really begin to pick up until late 2017 - even though the price had already done more than a 10x from its mid $200s and a lot of event confusion happened with subsequent BTC price surges in the middle.

Because of all of the fucking confusion regarding value, fundamentals and what is Bitcoin compared with crypto, I mean it seems to me that during the most recent price run, peeps did not really even start to get bullish about bitcoin and to start to think that bitcoin fundamentals were strong (and that bitcoin had overcome the propaganda and forkening threats) until about August/September 2017 - but BTC prices were already floating 10x from their 2015 starting point.. and that is really when the up-trend in google searches likely begun to show... so I am not sure how you are going to sort through the noise using google search information in confusing consolidating times like these.. and price can still go up and meaningfully go up even if google searches remain quite low for another year...and then we are in the $30k territory before peeps start to consider taking bitcoin seriously enough in order that there search information meaningfully increases... . something like that.

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?

@ d_eddie - That might be something similar to what I am attempting to say, perhaps?
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September 10, 2018, 08:35:58 AM

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.
I would start here:
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRBat-_rNzXwXL04sOjjHmL6kj2goIpNRsWRXr9jHnOiox5MpjL

Pattaya is a cesspool that really needs to be nuked Sad
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September 10, 2018, 08:45:34 AM

^
agreed 100% on this kind of places
nevermind i do love thailand for holidays ....
goldkingcoiner
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September 10, 2018, 09:01:02 AM

Rich? Maybe in theoretical dollars but ask any of these coin sluts if they are planning on cashing out and they will scratch your eyes out.

Who would sit through the entire painful bear season just to sell the bottom?

You know what they say about prices...

1) It is either the ATH

2) or the ATL

You want the above to rotate in an UPWARD direction rather than the reverse!

(or so it seems) Wink

brad


obviously not at the bottom. Cmon.
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September 10, 2018, 09:57:42 AM

Mmmm biggest block ever mind in BTC history.... who said BTC isn’t scaling  Grin
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September 10, 2018, 10:26:24 AM
Last edit: September 10, 2018, 11:51:09 AM by crypmike

Meanwhile, Citi is launching an instrument called a "Digital Asset Receipt". Who needs an ETF?

Love it how the market is ignoring the SEC FUD  

ETF is a scam now  Cool
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September 10, 2018, 10:29:00 AM


I wouldn't be surprised if people irrationally freak out about it. I could see the price dropping further once more people hear this news. Though realistically, CXBTF was just made available on US markets about a month ago, and its all-time US trading volume looks to be only something like $5 million, so it's not as if a major player in the market was just removed.

According to some apparent SEC quotes on CoinDesk, it looks like the SEC is annoyed by some language in CXBTF's marketing material, though I can't actually find the source of those quotes.

IMO about $1-2k of the price is built on top of people hoping for an ETF (which would probably quickly put the price well above $10k), so any news that hints for or against quicker ETF approval is likely to have major effects.
I don't know, I think those gambling on an etf aren't holding, that's why I think we see the ramp up before an etf decision comes out.
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September 10, 2018, 10:58:50 AM

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