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

[JayJuanGee]

I think that we should boticize you hairbeary.  Perhaps rename as you chartbotcized, a variation of chartbuddy.  

I'll take that as a compliment.  

Since you seem agreeable, somehow we have to get infofront to zap you with his magic wand to make it so.  

Like this:

[1714874057]

1714874057

[1714874057]

1714874057

[1714874057]

1714874057

[Elwar]

Guys, I'm scared. It's still under $10k.

 

[rafanadal]

Guys, I'm scared. It's still under $10k.

 

6 months now and counting

[rafanadal]

If we go below 10k again, i am not sure we'll see 5 digits again for a very long time if ever.

[rafanadal]

[jojo69]

more cowbell

[bitmover]

Guys, I'm scared. It's still under $10k.

 

We are closer to 5k than to 10k

[JayJuanGee]

Guys, I'm scared. It's still under $10k.

 

We are closer to 5k than to 10k

Which one will hit first?  What are the odds of $5k hitting first or $10k hitting first?  50%?  Greater?  Less?

Probably the odds are a bit in favor of $10k hitting first, even though that price point is further away than $5k, no?

Actually, Doug Polk already lost a bet on this point, but he was using $6k as the reference, yet the price had already breached $6k a couple of times at the time of Polks bet that $6k would not be breached again.  But he lost (barely, but still an unambiguous loss).

What if we were to choose a price point that is closer to our current price, such as $8,500, which is still further from us than $5k, yet seems that the odds of $8,500 hitting first are a bit greater than hitting $5k first?  Yes, no?  Anyone?   

Should we attempt to assign more specific probabilities, rather than just saying greater or lesser than 50% odds? I am sure that some folks are more confident than me to make an assertion and to assign a higher probability, and maybe even betting on a scenario that I currently am thinking is a bit less than 50% odds.

[HairyMaclairy]

Downward trendline seems to be losing its relevance.  $6850 now the number to beat in short term.  More pain if we break under $6500.

Old trend line from above shown in yellow (now broken).  New trend line shown in blue.  

[HairyMaclairy]

Detail of new trend lines.  Break downwards under $6,440 and break upwards over $6,850.

[HairyMaclairy]

Muh leverage

[lightfoot]

Swiss brand Hublot ($10K+ entry-models) announced it's Bitcoin Big Bang Model which you can buy only with Bitcoin. Not a huge news, but another name placed on their timepieces is Ferrari, for example.

1) 10k entry is pretty cheap overall. I'd prefer a Patek Phillipe myself or a Breuget over a Hublot.
2) They want a picture of my passport to pre-register? That's got to be the fucking ballsiest thing I have seen all week.

Fuck this. Go to Vegas, cash out 50-80k and buy a really nice Patek repeater. Do not go to the Cartier store in Wynn unless you're looking to pick up a 1.3m platinum watch....

[infofront]

I think that we should boticize you hairbeary.  Perhaps rename as you chartbotcized, a variation of chartbuddy.  

You just reminded me of terabear. What happened to him/her and all of our beartrolls?

Guys, I'm scared. It's still under $10k.

 

We are closer to 5k than to 10k

Which one will hit first?  What are the odds of $5k hitting first or $10k hitting first?  50%?  Greater?  Less?

Probably the odds are a bit in favor of $10k hitting first, even though that price point is further away than $5k, no?

Actually, Doug Polk already lost a bet on this point, but he was using $6k as the reference, yet the price had already breached $6k a couple of times at the time of Polks bet that $6k would not be breached again.  But he lost (barely, but still an unambiguous loss).

What if we were to choose a price point that is closer to our current price, such as $8,500, which is still further from us than $5k, yet seems that the odds of $8,500 hitting first are a bit greater than hitting $5k first?  Yes, no?  Anyone?  

Should we attempt to assign more specific probabilities, rather than just saying greater or lesser than 50% odds? I am sure that some folks are more confident than me to make an assertion and to assign a higher probability, and maybe even betting on a scenario that I currently am thinking is a bit less than 50% odds.

Even though I've been a bull cheerleader, I think we'd be more likely to hit $5K than $8,500 in the short term (1-3 weeks). There's more resistance on the way up to $8,500 than there is support to $5,000.

[elrippos friend]

Boring in here 

[HairyMaclairy]

You just reminded me of terabear. What happened to him/her and all of our beartrolls?

Terabear posted some retirement pics.  Let's hope he / she is happy.  

I like this quote from Tera in 2013.

Bitcoin's monumental success will be impeded only by a catastrophic failure, such as protocol failure, cipher breakage (likely), complete government criminalization/firewalling, or a highly superior competetion. Therefore, it will either be $0 or $20,000+, and nothing inbetween. Happy trading gentlemen.

[HairyMaclairy]

Brace yourselves.  We are edging another dump.  



4 hour chart for context

[JayJuanGee]

I think that we should boticize you hairbeary.  Perhaps rename as you chartbotcized, a variation of chartbuddy. 

You just reminded me of terabear. What happened to him/her and all of our beartrolls?

Terabera was a she, but in the latest months of her activity, she was trying to act as if she was a he, for some strange reason.  Some peeps here had suggested that her account got bought out, but I don't buy that theory because it seems that her personality and posting style was otherwise the same, except that she began to act as if she were a he instead of a she.

Regarding her disappearance I have two speculations, and I will list them in order of which one I believe to be more compelling.

1) Terabera had a very similar disappearance during the 2015 bear market, and perhaps in that sense, her pay period was done, if you believe that she was a kind of paid shill, or she concluded that she could not be as profitable as a trader when the market devolved into a certain low level of volatility, if you actually believe that she was a trader.

2) in the latest months of her activity, she disclosed that she was experiencing health issues, something like lime disease, so perhaps her health is continuing to suffer and participating in the forum exacerbates her condition.  I don't really believe this second possible explanation is very convincing because any kind of sickness would allow for more internet participation because it would force sedateness, but if a person is forced to earn an income too, then a sickness might cause a person to have to focus more on money earning activities and to remove forum participation based on its distractive nature.

[BTCHadzija]

Do you guys like Deribit? I only just got into it but the interface is so confusing. I can't set the leverage? Is it always on 100x? Someone explain cross margin and sub accounts to me.

I do and I love it actually, no downtime or slippage during important moves.
Once you get used to cross leverage you'll have no problems


bitmex sucks

[JayJuanGee]

Guys, I'm scared. It's still under $10k.

 

We are closer to 5k than to 10k

Which one will hit first?  What are the odds of $5k hitting first or $10k hitting first?  50%?  Greater?  Less?

Probably the odds are a bit in favor of $10k hitting first, even though that price point is further away than $5k, no?

Actually, Doug Polk already lost a bet on this point, but he was using $6k as the reference, yet the price had already breached $6k a couple of times at the time of Polks bet that $6k would not be breached again.  But he lost (barely, but still an unambiguous loss).

What if we were to choose a price point that is closer to our current price, such as $8,500, which is still further from us than $5k, yet seems that the odds of $8,500 hitting first are a bit greater than hitting $5k first?  Yes, no?  Anyone?  

Should we attempt to assign more specific probabilities, rather than just saying greater or lesser than 50% odds? I am sure that some folks are more confident than me to make an assertion and to assign a higher probability, and maybe even betting on a scenario that I currently am thinking is a bit less than 50% odds.

Even though I've been a bull cheerleader, I think we'd be more likely to hit $5K than $8,500 in the short term (1-3 weeks). There's more resistance on the way up to $8,500 than there is support to $5,000.

You have been falling more and more into a kind of bear perspective, especially after siding with that dumbass segwit troll, what was his name, Chip or something [edit2 - Anunymint / Shelby Moore III]?  Perhaps, inadvertently, you are helping the bitcoin situation with a kind of indication of capitulation?  

Remember that Adam (previous thread owner) went a little nutso right before our last bull run, even after the bull run had already started, so there might be a certain kind of WO thread owner spell that is necessary before the BTC price can resume UP...

ATTENTION WO thread activists (if there are any of you left, besides hairyberry?)..... Pee pare ur selfies!!!!!   GET out your petitions, ballots and campaign slogans to convince theymos to keep this thread ALIVE and to assign a new owner (as infofront devolves into moar crazy) !!!!!!!!      

[alevlaslo]