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

[aaroque2003]

ETH is still leading the loss-pack. The pain is increasing.

Indeed... feels weird tho... Let's c next week where we are at... Really Really interesting week ahead of us... 

Yes.. let's see next week, but we are also seeing what is happening this week, and it is an ongoing dump in process that could end up in a kind of dramatic capitulation that brings the product to 2 digits (not sure if it will stay there, though?). 

Originally, about 4 years ago, I had thought ETH had a value in the less than $10 range, sustainably.  Of course, I was proven wrong, and the building of a large number of ICOs and various shit products upon ETH has shown that it has some value - including the value to raise capital from individual investors (if you can label 14 year old snot noses as "investors?).

I would love to c the 3-4k levels... will be like a HUGE BTFD Last time opportunity..... BTC + LN + Schnorr <<<<<----- BOOM..!!!!!!!!!!!!

[El duderino_]

ETH is still leading the loss-pack. The pain is increasing.

yeah don't wanna share that pain .... eth is one of the smallest of my alt amounts BUT the other are doing BAD as well

[El duderino_]

me sitting home watching football HAZARD scored first goal a moment of joy , looked to the CAP again same mood as the rest of the day 
then a continously whatsapp moment in my phone of my GF and her sister sending pictures of a perfect time of joy and everything of there stay@ dubai



should i even answer @this times? or what do i have to do       

[elrippos friend]

Muuuuuaaaaahhhhhaaaaaahhhhhhaaaaa  
Nice watching the kids grow  

[becoin]

When we reach that point, will there be enough 'native' demand for Bitcoin to avoid a true bear market (like, going convincingly below 200 MA on the daily, just like the other bear markets)?

People that believe in TA are stupid. They deserve their fate of being milked and slaughtered.

[El duderino_]

something i already did in the past @ this prices nice to do it again 

[El duderino_]

How low Will the Total marketCAP be Going? Best guesses ? I have around 10% of crypto in alt’s and almost thinking to convert the SHIT left overs into BTC but but meh Many questions ..... i would be So mad @myself if i would be hodling more as 10% procent of alt’s
IT would still be a side’able amount of BTC but @this pricess , whatever is happening is have to take same kind of action in that hole of DUMPSHIT   

Pffff the alt that where’s the crown of losses in my portfolio was one of my last buys dumb me @that time

[hv_]

When we reach that point, will there be enough 'native' demand for Bitcoin to avoid a true bear market (like, going convincingly below 200 MA on the daily, just like the other bear markets)?

People that believe in TA are stupid. They deserve their fate of being milked and slaughtered.

Correct. There is nothing that can predict the future.

[aaroque2003]

How low Will the Total marketCAP be Going? Best guesses ? I have around 10% of crypto in alt’s and almost thinking to convert the SHIT left overs into BTC but but meh Many questions ..... i would be So mad @myself if i would be hodling more as 10% procent of alt’s
IT would still be a side’able amount of BTC but @this pricess , whatever is happening is have to take same kind of action in that hole of DUMPSHIT   

Pffff the alt that where’s the crown of losses in my portfolio was one of my last buys dumb me @that time

  .... COMMON COMMON... !! PUSH PUSH... HAHAHAHA

[marcus_of_augustus]

me sitting home watching football HAZARD scored first goal a moment of joy , looked to the CAP again same mood as the rest of the day 
then a continously whatsapp moment in my phone of my GF and her sister sending pictures of a perfect time of joy and everything of there stay@ dubai



should i even answer @this times? or what do i have to do       

... might be the last photo you get from her if she's running around free in the desert ... fair game for some shiek to grab her for his harem, like a wild camel ...

[empowering]

^
Let the coffin be full of nails we don’t need an ETF and surely not This year..... i think most of everybody already thinks there’s No ETF happening any time soon  

A few weeks ago, there was probably more uncertainty about whether an ETF will be approved this year or in the near future, but I agree with you, mic, that it is seeming to be more and more the case that "NO on the ETF this year" has become "priced into" our current BTC price situation, and therefore, no one is really going to give a ratt's ass about further disapprovals - yet on the other hand, if an ETF were to end up getting approved this year, then it likely would cause a surprised and excited upwards BTC price utterance.

The ICE (NYSE parent company) partnered with Microsoft and Starbucks project "Bakkt"  have got the "pedigree" that the SEC and CFTC is used too... and has a fairly good chance (above the other recent attempts) to actually get the go ahead for their platform... whether that happens on 5th Nov 2018 remains to be seen though... but it is certainly one to watch IMO... there could indeed be "fireworks" on (around) November the 5th.

(this could be more important than the ETF's especially coupled with Custodian solutions a la Citigroup et al, if they get the go ahead for Bakkt, then a straight ETF a proper will likely follow for sure in 2019 as a side effect IMO,  Bakkt is the one to watch atm)

You could be correct, but I still stand by the words of my earlier post, and at this time I see the approval of an ETF in the USA to be less than 15% for 2018 and less than 31.5% for 2019.  On the other hand, if some other country approves an ETF, that might force the hands of the USA government into approving such, in order NOT to get left too far behind....

If Bakkt get the go ahead in November (or after) then I would put the chances of an ETF in 2019 to 100% , and not just one ETF , Bakkt themselves could launch several just themselves. Furthremore, if they get the go ahead to launch their platform  (I think chances are very very high) then not only will they have a clear path for ETF(s) in 2019, but once they are successful, I believe that will open a clear and already walked path to further approvals for others...


Just my opinion... we will see come Nov 5th  


(EDIT: Bakkt have now announced December 12th Futures launch for Bakkt)

[El duderino_]

^^
LOL saw some more pics its not alone , BUT she having fun doesn't mind everything thats happening she's offcourse a longterm hodler 

[marcus_of_augustus]

ICO market looks like its imploding badly, the rektage might take some time to clean up and block the road for any btc progress for a while ... can't believe how many otherwise bright people got swept up in that particular mania ... 2013 had GOX disaster, this time we got ICOs

[marcus_of_augustus]

^^
LOL saw some more pics its not alone , BUT she having fun doesn't mind everything thats happening she's offcourse a longterm hodler 

... they all are until someone else is hodling them ...

[becoin]

When we reach that point, will there be enough 'native' demand for Bitcoin to avoid a true bear market (like, going convincingly below 200 MA on the daily, just like the other bear markets)?

People that believe in TA are stupid. They deserve their fate of being milked and slaughtered.

Correct. There is nothing that can predict the future.

There is, my friend! But the only correct way of predicting the future is to create it using your own hands and brains

[lightfoot]

I am watching a tutorial to make a rope knot ...  

Well, I told ya not to sell your precious bitcoins for Bitmain Cash and other shitcoins!

i think not really much BTC hodlers actually SOLD BTC for BCH ..... maybe hodl the free shit
i'm happy unloaded ALL of that shit for BTC

BCH was a coin that was created in what I like to call "bad faith". I stripped my wallets of it and turned it into btc.

Now that I think about it, ETH was also a bad faith coin, I have a bit of ETC because I believed in an immutable chain, not what ETH became....

This man invested in bad faith coins. And paid the price. Pity him. Learn from him.

[Kylapoiss]

Hate to say it, but what the peeps think, will we see sub 4xxx coins? Many of you oldtimers thought a month ago that we are out of the 6xxx area, though we seem to get weaker every day, running sideways together with Bart Simpson.

I read only about 10 pages of the last 100, I am sorry if this has been discussed already.

I can't see any positivity on the horizon, though that doesn't mean it's a bad time to buy, doing just that.

[Aqualung89]

I have to see new investors, it seems to me that sunny days are hard if you can not see new investors in a short time. Or there is a fear in the market.

[Kylapoiss]

r0ach, time to buy some tin?

[viper262]

The alt coins must unravel before btc can go up. My prediction is we see dominance climb above 80%.