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

[elrippos friend]

R E S I S T A N C E

Hilarious 

[1713968678]

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[HairyMaclairy]

Volume still looking like it has bottomed for the time being. 

[HairyMaclairy]

[El duderino_]

via Imgflip Meme Generator

BTC boring @the time ,meanwhile @ a friends place ... common rico 

[Hueristic]

Because these new retards to the scene think KYC is gonna protect them when all it's going to do is get the tax man on their doorstep. Lol Morons.
KYC just lets the politicians in the door so they can get their cuy from the scammers end. Scammers keep scamming now they just have to pay the fine as part of doing business and the little guys still gets squeezed. Sheeple are just morons, I just don't know how to state it a different way.

It's not just that either, they're basically asking for their identities to be sold on DNMs directly by the twits running ICOs and no-name exchanges.

Every other way to state that fact is purely tautological.

Tautological, Nice, I learned a new word! And good point.
Merit for you!

[/url]

Fuck that pretty much sums up the state of humanity right there, we are well and truly fucked!

Simple italian resto not to special MENU

but take a guess @the aperitif  

Hah, I called a buddy a water snob at the casino the other day. he was talking with this other guy about what lounges you have to goto to get specific waters. Who the fuck goes to the lounge and gets water!
Lol

Fair enough.

[JayJuanGee]

I don't recall seeing anyone post or discuss this 1broker.com seizure issue that happened about two days ago.

https://bitcoinist.com/1broker-com-domain-seized-by-the-fbi/

Dull twit.

Speaking of Dull twit, I am coming to a tentative vision about some possible upcoming BTC price waves that could suggest that our BTC bottom is already "in"

So perhaps, at some point we are going to get price trickling up, and then a shooting up of the price that takes us above $10k, but just short of micgoosen's intermediary play game.. so just shy of $12k.. so that UP would take less than a month to play out, and then prices correct down to nearly $7k, and then get stuck in a $7,600 to $9k range for several months.... maybe 6 months-ish...  before resuming progress towards the previous ATH... but then again getting stuck along the way, perhaps in the $14-$17k range for at least 6 months....

Therefore, we might not be breaking previous ATHs again for about a year and a half.. maybe that is too lackluster of a scenario given potential drama that could involve playing around with the halvening and an ETF that could cause additional UP drama?  though I am thinking that we still have not experienced our true and complete blow-off top that would have been started by the December 2017 rise to $19,666... so there is that, too.

I know that a lot of us are thinking that alt coins are dead, but seems that whether we like it or NOT, they are coming with us for at least one more rally that will confuse a lot of normies about which coin to invest in... but those of us already who have been around the block understand that bitcoin is the solid one... especially if we are considering both upside and downside risks.

I doubt we will get stuck in the 14-17k range. Once we reach 12k, the amount of fomo will be ridiculous. We will speed past the ATH and reach a new level. I would not be surprised to see 30k at the end of year.

FOMO wont be the same because a lot of people are going to be scared of another crash, also a lot of people will take profits along the way this time (at least more people than last time). We will never achieve the same amount of FOMO unless we break 20k convincingly.

Actually, these are competing viewpoints described by each of you, goldkingcoiner and Astargath.  Part of the reason why I hestitate to attempt to describe what is probable to happen beyond one leg at a time, because subsequent legs are more difficult to describe both because they depend upon what had caused the earlier leg, if anything beyond pure momentum, and how fast the earlier leg passes through its progression, including degree and duration of built-in corrections.

At this point, I am more inclined towards Astargath's scenario, mostly because it is more conservative, and it is really difficult to get a straight upwards without some profit taking along the way, especially given the fact that our current correction has been largely bouncing between $6k and $10k (of course, we were above $10k for a few weeks, too), however, Astargath's describing panic selling and all that boloney about people must feel compelled to take profits, can be overwhelmed by situations in which the UPWARDs sentiment is overwhelming, and even the fact that some pretty BIG whales can negate the impact of a bunch of regular folk weak hands selling because of their valuing their wealth in dollars, failure to understand bitcoin and lacking confidence in bitcoin.

So, yeah, as soon as I hit "post" for my earlier submission, I was having reservations about my own described scenario that I was considering to be amongst the most probable for a bull-type scenario because there remain many subsequently unknown events or news to change the probabilities and to cause the timeline to move much faster than my earlier momentum anticipations, and in that regard, we should continue to keep in mind that this whole bitcoin market (and even including all altcoins) still includes involvement of quite a bit less than 1% of the world-wide population, so there are an enormous number of decently wealthy folks (or complementary entities in which a small number of individuals control (even sometimes a bit covertly) such as governments, financial institutions, or investment groups) who could move the whole bitcoin market (and perhaps even several alts along the way) all by themselves, if they were to choose.  We cannot rely on some of those kinds of single entity or small group of entities (or signaling from these groups) pumps like that happening, even though those kinds of pumps remains reasonably possible, especially considering the relatively low level of liquidity that can move the price in one direction and then cause momentum that kind of builds upon itself in a way that becomes beyond the control of any of them to stop, until it runs its reasonable (and by definition kind of unreasonable) course.

[El duderino_]

Quiet in here this saturday..... btc boring=WO boring
More swings UP or DOWN brings much more activity down here ( actualy thats totaly normal) when there’s nothing going on in the world of BTC ( no action) than its Maybe beter to do Some other stuff 
Mmmm early saturday had a good drink followed by a bottle of wine and good food ,a good fight night so a early saturday for me , yeah something different little bit of serie watching and we can call iT a night
Maybe bit of more boring BTC Tomorrow? Or Maybe Some action  let see and just kee on hodling 

[Hueristic]

Quiet in here this saturday..... btc boring=WO boring
More swings UP or DOWN brings much more activity down here ( actualy thats totaly normal) when there’s nothing going on in the world of BTC ( no action) than its Maybe beter to do Some other stuff 
Mmmm early saturday had a good drink followed by a bottle of wine and good food ,a good fight night so a early saturday for me , yeah something different little bit of serie watching and we can call iT a night
Maybe bit of more boring BTC Tomorrow? Or Maybe Some action  let see and just kee on hodling 

(Low volatility) * (Low Blood alcohol) == Boring WO thread.

Tomorrow will be better!

[JayJuanGee]

It seems there is no room for Big Waves anymore.

Just some insignificant wavelets, that's all.

No rooms but control the price, that's the power of this whales.

Big whale news https://www.coindesk.com/the-1-trillion-wallet-bitgos-bid-to-bring-bitcoin-to-wall-street-and-beyond/

Surely some crypto companies have high aspirations, as is suggested in the above-linked article.

According to the article, it seems that so far, bitgo has had experience of securing around $1billion in crypto assets, yet they are setting aspirations for themselves to be able to functionally secure about 1,000x of what they have already had experience securing.. that is $1trillion...   

Does not hurt to have those kinds of goals, even though it could take a bit of time for them to reach such goal, even in an optimistic and successful scenario in which crypto values go up sufficiently in order 1) for bitgo to attain that kind of share of the market - and 2) for users and entities retain and build confidence in bitgo as the provider of such services.

[Last of the V8s]

Leah Wald and Thor (left)

[infofront]

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 [edit - Anunymint]?  Perhaps you are helping us with a kind of indicator 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) !!!!!!!!      

I'm not a fan of segwit, but that's neither here nor there. I'm been one of the most bullish mofos in here for the last couple weeks.

Anyway, maybe I'll go batshit crazy and convert all my BTC into BCH to trigger the next bullrun.

[Last of the V8s]

for users and entities retain and build confidence in bitgo as the provider of such services.

They supported the NYA so afaiac they can piss off.

[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 [edit - Anunymint]?  Perhaps you are helping us with a kind of indicator 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) !!!!!!!!      

I'm not a fan of segwit, but that's neither here nor there. I'm been one of the most bullish mofos in here for the last couple weeks.

Anyway, maybe I'll go batshit crazy and convert all my BTC into BCH to trigger the next bullrun.

That's the spirit.  Take one for the team!!!!!  Desperate times call for desperate measures - though perhaps only Rosewater believes that we have reached that kind of desperation level, which means that capitulation is NOT quite here, yet?

[JayJuanGee]

for users and entities retain and build confidence in bitgo as the provider of such services.

They supported the NYA so afaiac they can piss off.

Actually, I had forgotten about that perspective regarding that specific company and their questionable past (goofy attack and centralization alliances)... and surely, I should have accounted for that (questionable integrity aspect), too.

[Hueristic]

Leah Wald and Thor (left)

OMg I'm in love!

I'm not a fan of segwit, but that's neither here nor there. I'm been one of the most bullish mofos in here for the last couple weeks.

Anyway, maybe I'll go batshit crazy and convert all my BTC into BCH to trigger the next bullrun.

Ohh FUCK, thats really taking one for the team!

[xhomerx10]

Leah Wald and Thor (left)

OMg I'm in love!

 I feel you!  I love Rhodesian ridgebacks too!!

[El duderino_]

Quiet in here this saturday..... btc boring=WO boring
More swings UP or DOWN brings much more activity down here ( actualy thats totaly normal) when there’s nothing going on in the world of BTC ( no action) than its Maybe beter to do Some other stuff 
Mmmm early saturday had a good drink followed by a bottle of wine and good food ,a good fight night so a early saturday for me , yeah something different little bit of serie watching and we can call iT a night
Maybe bit of more boring BTC Tomorrow? Or Maybe Some action  let see and just kee on hodling 

(Low volatility) * (Low Blood alcohol) == Boring WO thread.

Tomorrow will be better!

Better be otherwise a boring Sunday ahead....

[El duderino_]

Whatever is happening ..., after a few days Maybe weeks to see V8 is back must be bullish of Some kind..... 

[Last of the V8s]

Whatever is happening ..., after a few days Maybe weeks to see V8 is back must be bullish of Some kind..... 

[goldkingcoiner]

I don't recall seeing anyone post or discuss this 1broker.com seizure issue that happened about two days ago.

https://bitcoinist.com/1broker-com-domain-seized-by-the-fbi/

Dull twit.

Speaking of Dull twit, I am coming to a tentative vision about some possible upcoming BTC price waves that could suggest that our BTC bottom is already "in"

So perhaps, at some point we are going to get price trickling up, and then a shooting up of the price that takes us above $10k, but just short of micgoosen's intermediary play game.. so just shy of $12k.. so that UP would take less than a month to play out, and then prices correct down to nearly $7k, and then get stuck in a $7,600 to $9k range for several months.... maybe 6 months-ish...  before resuming progress towards the previous ATH... but then again getting stuck along the way, perhaps in the $14-$17k range for at least 6 months....

Therefore, we might not be breaking previous ATHs again for about a year and a half.. maybe that is too lackluster of a scenario given potential drama that could involve playing around with the halvening and an ETF that could cause additional UP drama?  though I am thinking that we still have not experienced our true and complete blow-off top that would have been started by the December 2017 rise to $19,666... so there is that, too.

I know that a lot of us are thinking that alt coins are dead, but seems that whether we like it or NOT, they are coming with us for at least one more rally that will confuse a lot of normies about which coin to invest in... but those of us already who have been around the block understand that bitcoin is the solid one... especially if we are considering both upside and downside risks.

I doubt we will get stuck in the 14-17k range. Once we reach 12k, the amount of fomo will be ridiculous. We will speed past the ATH and reach a new level. I would not be surprised to see 30k at the end of year.

FOMO wont be the same because a lot of people are going to be scared of another crash, also a lot of people will take profits along the way this time (at least more people than last time). We will never achieve the same amount of FOMO unless we break 20k convincingly.

Actually, these are competing viewpoints described by each of you, goldkingcoiner and Astargath.  Part of the reason why I hestitate to attempt to describe what is probable to happen beyond one leg at a time, because subsequent legs are more difficult to describe both because they depend upon what had caused the earlier leg, if anything beyond pure momentum, and how fast the earlier leg passes through its progression, including degree and duration of built-in corrections.

At this point, I am more inclined towards Astargath's scenario, mostly because it is more conservative, and it is really difficult to get a straight upwards without some profit taking along the way, especially given the fact that our current correction has been largely bouncing between $6k and $10k (of course, we were above $10k for a few weeks, too), however, Astargath's describing panic selling and all that boloney about people must feel compelled to take profits, can be overwhelmed by situations in which the UPWARDs sentiment is overwhelming, and even the fact that some pretty BIG whales can negate the impact of a bunch of regular folk weak hands selling because of their valuing their wealth in dollars, failure to understand bitcoin and lacking confidence in bitcoin.

So, yeah, as soon as I hit "post" for my earlier submission, I was having reservations about my own described scenario that I was considering to be amongst the most probable for a bull-type scenario because there remain many subsequently unknown events or news to change the probabilities and to cause the timeline to move much faster than my earlier momentum anticipations, and in that regard, we should continue to keep in mind that this whole bitcoin market (and even including all altcoins) still includes involvement of quite a bit less than 1% of the world-wide population, so there are an enormous number of decently wealthy folks (or complementary entities in which a small number of individuals control (even sometimes a bit covertly) such as governments, financial institutions, or investment groups) who could move the whole bitcoin market (and perhaps even several alts along the way) all by themselves, if they were to choose.  We cannot rely on some of those kinds of single entity or small group of entities (or signaling from these groups) pumps like that happening, even though those kinds of pumps remains reasonably possible, especially considering the relatively low level of liquidity that can move the price in one direction and then cause momentum that kind of builds upon itself in a way that becomes beyond the control of any of them to stop, until it runs its reasonable (and by definition kind of unreasonable) course.

I really get what you are saying, and these are very good points! But, however, this time around we have something we did not have during the last rise to the top. CONFIDENCE. Everyone knows Bitcoin is not going anywhere. Bitcoin now has the attention of a lot of people. The bear run is finally over and confidence will keep building. Even big names like John McAfee, Trace Mayer, Tim Draper, Tyler Winklevoss, Bobby Lee and etc are the leaders of building confidence. Any threats of death of bitcoin via regulations have started dissipating. People KNOW Bitcoin is going up and are only waiting for the sound of the starting pistol. Once It does start going up, nobody will want to be left out. I will stick to my prediction of huge fomo around 12k.