Bitcoin Forum
October 16, 2018, 09:35:34 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Poll
Question: Oct. 16 Closing Price:
<$5,000 - 18 (13%)
$5000-$5,500 - 7 (5.1%)
$5,500-$6,000 - 6 (4.3%)
$6,000-$6,500 - 22 (15.9%)
$6,500-$7,000 - 34 (24.6%)
$7,000-$7,500 - 17 (12.3%)
$7,500-$8,000 - 7 (5.1%)
$8,000-$8,500 - 4 (2.9%)
>$8,500 - 23 (16.7%)
Total Voters: 138

Pages: « 1 ... 21294 21295 21296 21297 21298 21299 21300 21301 21302 21303 21304 21305 21306 21307 21308 21309 21310 21311 21312 21313 21314 21315 21316 21317 21318 21319 21320 21321 21322 21323 21324 21325 21326 21327 21328 21329 21330 21331 21332 21333 21334 21335 21336 21337 21338 21339 21340 21341 21342 21343 [21344] 21345 21346 21347 21348 21349 21350 21351 21352 21353 21354 21355 21356 21357 21358 21359 21360 21361 21362 21363 21364 21365 21366 21367 21368 21369 21370 21371 21372 21373 21374 21375 21376 21377 21378 21379 21380 21381 21382 21383 21384 21385 21386 21387 21388 21389 21390 21391 21392 21393 21394 ... 21410 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20593166 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.
Raja_MBZ
Hero Member
*****
Offline Offline

Activity: 994
Merit: 657



View Profile WWW
October 04, 2018, 08:36:03 PM

some ETF got denied. not the important one that everyone hopes for.
still, dumpy
https://www.sec.gov/rules/sro/cboebzx/2018/34-84368.pdf

That's Graniteshares, the denial was very much expected. Why the heck would anybody dump due to that? Roll Eyes

I don't see any dump though.

Yeah, sorry, correct. A "fart" (instead of dump) would be more appropriate.

Minus 20 US Dollar Fart.
1539682534
Hero Member
*
Offline Offline

Posts: 1539682534

View Profile Personal Message (Offline)

Ignore
1539682534
Reply with quote  #2

1539682534
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539682534
Hero Member
*
Offline Offline

Posts: 1539682534

View Profile Personal Message (Offline)

Ignore
1539682534
Reply with quote  #2

1539682534
Report to moderator
LFC_Bitcoin
Copper Member
Legendary
*
Offline Offline

Activity: 1498
Merit: 1217


One of the world's leading Bitcoin-powered casinos


View Profile
October 04, 2018, 08:50:12 PM

I can’t see ANY ETF getting approved for at least a couple of years. Getting annoyed with seeing $6,xxx.
Really feels 2015 rolling along $200-$300.

When is this market going to move, man?

I was promised Lambo’s, hookers & cocaine Wink
becoin
Legendary
*
Offline Offline

Activity: 2114
Merit: 1009



View Profile
October 04, 2018, 08:51:06 PM

some ETF got denied delayed. not the important one that everyone some have hopes for.

Nobody in their right mind cares about ETFs for a simple reason. Bitcoin doesn't need ETFs. ETFs need Bitcoin.
 
Torque
Legendary
*
Offline Offline

Activity: 1596
Merit: 1396



View Profile
October 04, 2018, 08:52:47 PM

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  Wink
Hueristic
Legendary
*
Offline Offline

Activity: 1778
Merit: 1075


Doomed to see the future and unable to prevent it


View Profile
October 04, 2018, 08:56:33 PM

@ICORating:

We want to introduce our new general security rating of centralized exchanges. Visit the exchange page and check stats: https://goo.gl/GLvvsi  





I wonder how they assess 233 exchanges for relative security with any accuracy that is meaningful. 

Do they phone them up and ask if they have a 'hack insurance' policy?  And a good guard dog..?

I was thinking the same thing, probably a combination of whether they have been hacked yet and asking for a bribe for ratings.

HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 616
Merit: 699

Not investment advice. I am a degenerate hat eater


View Profile
October 04, 2018, 09:02:17 PM
Merited by LFC_Bitcoin (1)

Agreed.  The bottom will definitely be in by this time next year and we will be climbing again.  If we hold this level through January, odds are we have already seen the bottom. And that’s only three months away.  
xhomerx10
Legendary
*
Offline Offline

Activity: 1806
Merit: 1395



View Profile
October 04, 2018, 09:05:46 PM

Three months?  That's depressing 😟
Better than rabies I guess!
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 616
Merit: 699

Not investment advice. I am a degenerate hat eater


View Profile
October 04, 2018, 09:06:08 PM

I just want you to despise me



The fastest path to capitulation is to post lots of whacky tic tac memes
Wekkel
Legendary
*
Offline Offline

Activity: 2002
Merit: 1054


yes


View Profile
October 04, 2018, 09:59:36 PM

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  Wink

Not likely.

More likely: 1-3 years no crossing of $20k while essential infrastructure is being build.

HODL will get new meaning.
Spaceman_Spiff_Original
Member
**
Offline Offline

Activity: 203
Merit: 32


View Profile
October 04, 2018, 10:03:38 PM
Merited by JayJuanGee (1)

Don't worry boys, the Bitcoin market will continue to stay down all this year, but will begin to rise again mid next year along with the whole U.S. stock market.

Just like 2014 was, going into 2015.

You see, it's all engineered and managed markets now. It's all fake and completely managed.

They just need Average Joe to think it's real.

The game: 2-3 years of raging bull, followed by 1-1.5 years of bear.

This is exactly the way the U.S. stock market played out in 2011-2013. Then again in 2015-2017.

In a long term melt-up, this is the new new. Get used to it.  Wink

Not likely.

More likely: 1-3 years no crossing of $20k while essential infrastructure is being build.

HODL will get new meaning.

I would agree with you, but then again I never would have thought there would be a second bubble in 2013 either, so who the fuck knows.
Wekkel
Legendary
*
Offline Offline

Activity: 2002
Merit: 1054


yes


View Profile
October 04, 2018, 10:57:12 PM

No one knows, so hedge your bets both ways.
Majormax
Legendary
*
Offline Offline

Activity: 1820
Merit: 1022


View Profile WWW
October 05, 2018, 12:13:51 AM
Merited by dbshck (1)

Three months?  That's depressing 😟
Better than rabies I guess!


More depressing if we don't hold this level through January, which is the alternative implied by Hairy. Then the bottom would, I agree , probably be in by September 2019, although it will be lower (not guessing exactly where). That will require a longer climb out of the trough.

If you look at the long term chart, it could be the case that the bowl formations at the bottom of bear markets are getting longer (that would also chime with a maturing market : less volatility). I would not like to think that a new ATH will take longer than it did in 2014-17, but it does remain a realistic possiblity.  The 2 peaks of 2013 which may have seemed possible back in March have now been rendered all but unachievable by the time frame of the current range.

In order to withstand the grinding slowness of a long consolidation, may I suggest this optimistic way of looking at it :

The peak of Dec 2017 was in fact an overshoot, caused by the opening of Chicago Mainstream Futures contracts. But for this the high could have been where it was a year ago ie about 4-5k. The present position might fall back as low as 4k, but it will then be on solid ground, with the long rising trend intact.
Majormax
Legendary
*
Offline Offline

Activity: 1820
Merit: 1022


View Profile WWW
October 05, 2018, 12:26:15 AM
Merited by JayJuanGee (1)

On the whole my memory is terrible regarding specific dates & what the bitcoin price was at that time. I just looked on Stamp though to remind myself & between Jan 2015 & late October 2015 we were stuck going sideways in the $200 range (briefly dipping below $200 & briefly touching $300).

Basically I was looking for an idea of how long we could go sideways.

I wonder is the $6000 range similar before we start to move significantly upwards?




Hopefully, that maybe the case.  That 200-300 range was only around double the last-but-one high. The 2nd 2013 low of 65 was also around double the last-but-one high.

The last-but-one high now is $1300. That gives credence to my 'overshoot' theory as well.

I would rather stay in 6k range for a lot longer, to consolidate, than risk a return to more volatility and possibly lower low.  One of the biggest complaints about BTC last year was the extreme volatility. A stable and narrow range for a long time would clear that issue, whilst giving time for infrastructure to build out more.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1680
Merit: 1386


How much alt coin diversification is needed? 0%?


View Profile
October 05, 2018, 12:35:49 AM

[edited out]

JJG, I am obviously hoping for a scenario a bit more like 2013, with an april top followed by new ath later in the year. I doubt this will happen in the short term, invalidating that pattern.

There can be all kinds of variations of patters, and sure we can use those patterns as models, but it if one pattern is not playing out exactly as it had previously, does not necessarily mean that we would be in an alternative suggestion, because the pattern that ends up taking place could end up being some variation of the two or something completely different than either one, even if it may have started out similar to both.


In any case, dont think looking at the past is too relevant here.

I have no problem looking at the past, and it seems to me that the past can be very relevant for considering what is possible.  I just have issues with attempting to lock into thinking about what is going to happen next and assigning a high probability to that prediction based on a previous pattern.

I dont really agree with your wording of ‘correction’, its ok to say btc has crashed since ath, a 70% drop is just that, a crash.

We can agree to disagree, and perhaps it does not matter what we call it exactly.

If you want to start BTC history from December 2017, then perhaps your framing our current situation as a crash is more meaningful.

I, I personally, believe that starting from mid to late 2015 is a much better reference point in order to attempt to get a better and broader understanding, yet I understand that depending upon what point(s) you are attempting to make, you might zoom in or out in order to make your proclamations about where we are or where we might be going... .and sometimes, the framework of what happened between December 2017 and now is going to be relevant for making various points, but from my perspective, it still does not seem to be a good framework for concluding what we are "in" at the moment - in part because we are still "in" it...... so even if we can make tentative conclusions, it seems problematic to overdescribe what we are "in" in such a way that seems to presume where we are going.

In another framework, we could describe what BTC prices did from August 2017 to present, and in that regard, we are still going to find that we had both UP and DOWN..... that is still largely UP (something approaching 3x), and to have 3x price appreciation in a bit over a year remains quite a phenomenon and hardly a crash.. even if there happened to have been a fairly stupendous and prolonged peak of prices (extensive volatility) in the middle of that over a year period.

So, for me, it remains quite problematic (even for bullish folks) to be accepting seemingly noncontextuallized and overly bearish frameworks that seem to make too many presumptions about both current status and where the price is going from here.

Regarding your wish about the direction of the price, that should not have too many bearings upon thoughts about BTC framework (even though I understand that someone might make bearish proclamations while saying that they are bullish in order to counter-balance their bearish proclamations in terms of their supposed "wishes."  not saying that you, specifically, are doing this.. at least, not yet...  Cheesy Cheesy Cheesy)

Especially since it is accompanied by the  complete bloodbath that is the alt-markets.

Well, yes.  Any of us following BTC and attempting to make comparisons towards previous crypto-times, are going to recognize that shit coins bring a complexifying dynamic to the whole space, including bitcoin.  Alt coins are not merely a negative phenomenon that is currently dragging bitcoin down, but they are also a phenomenon that facilitated the influx of a bast amount of money into both bitcoin and into the crypto space that might not have otherwise been mobilized in the crypto direction.  

So, yeah, not only dealing with actual dynamics, but also dealing with the way the space is conceptually framed - and even some folks attempting to describe the whole market as Crypto and to see the up and down performance in that kind of macro level which can be misleading, but it can also provide price pressures that go in both directions.

Of course, many of the active participants in this thread consider bitcoin as the dominant player, yet there are not too many hardcore bitcoin maximalists who attempt to totally ignore the shitcoin influences on bitcoin (the good, the bad and the ugly influences).


One scenario where bitcoin could go lower (and take alts with them) is if miners make a play to push price down to bankrupt less efficient miners, allowing them higher market share in the future as inefficient mining ventures go broke.

I doubt that we just frame one set of players and suggest that they are incentivized (and perhaps able to accomplish a momentum push), and I thought that a lot of us have come to realize that the miners are a lot less powerful than a variety of previous conspiracy theories made them out to be.  Of course, they are likely decent sized holders of coins, but I doubt that they are centralized enough to really make such a price driving down attempt (whether they were to make such attempt overtly or covertly).  

By the way, even though frequently there are proclamations of mining centralization, I think that there is a decent amount of evidence that mining is becoming more and more decentralized with the passage of time, rather than more centralized - even if we have a few BIGGER (miner) players, here and there.

Still, I hope 6k is the bottom (but then we saw the bottom 6 months ago, only 3 months after ath! 🤔 )

You are coming off as quite the pessimist in this particular more fleshed out post.

As I already mentioned, it does not really matter too much about what you hope, and it also does not seem to matter too much that the BTC price went "crashing down" (your words, more or less  Roll Eyes) from $20k to $6k and then got stuck in the $6k territory for an extended period of time...   Those dynamics are largely within the normal expectations of a market like this one.  In other words, does not seem abnormal when looking at it in retrospect, and does not suggest that there is any greater likelihood for DOWN than there is for UP or that there is for FLAT...

So, in essence, if you are not serving as some kind of foil or Rosewater sock, seems that you have been reading (and believing) too many bear proclamations about the dire position of bitcoin.  Again, who gives a ratt's ass if the price goes up or down, and just prepare for either scenario.. because both we cannot really know with any kind of certainty about short term moves, and in the long term we already know that there are ongoing great BTC fundamentals that remain quite likely to continue to put upwards price pressures upon bitcoin (and we should realize what that causes, in the longer time frames, no?).

[edited out]

Who are you and what have you done to our friend??


Actually, you are correct bitserve, the style, the bearish perspective and the seemingly better English typing skills does not come across as the same micpeep.

[edited out]
Your english is clearly improving every day, you could just check your first few posts on this forum and it is evident. By the time we reach $100K you would have probably mastered it.

Personally, I hope that micpeep's english still sucks a BIG bag of dicks by the time that we reach $100k, that would signify a fairly expedited rise to $100k rather than a 10 year process.   Wink Cheesy
Bitcoinaire
Sr. Member
****
Offline Offline

Activity: 380
Merit: 268


Est. 2013


View Profile
October 05, 2018, 12:42:51 AM

I can’t see ANY ETF getting approved for at least a couple of years. Getting annoyed with seeing $6,xxx.
Really feels 2015 rolling along $200-$300.

When is this market going to move, man?

I was promised Lambo’s, hookers & cocaine Wink

It's been hookers and cok....wait.

Edit:
Rosewater Foundation
Full Member
***
Offline Offline

Activity: 364
Merit: 230



View Profile
October 05, 2018, 01:06:51 AM

 Cheesy I just want you to despise me


The great mister vegetable cocktail! I hate you like poison for reasons.

Happy now?
infofront
Legendary
*
Offline Offline

Activity: 1442
Merit: 1418


Shitcoin Minimalist


View Profile
October 05, 2018, 01:20:01 AM
Merited by HairyMaclairy (1)

You're all a bunch of assholes, this thread sucks, and bitcoin is probably dead.
xhomerx10
Legendary
*
Offline Offline

Activity: 1806
Merit: 1395



View Profile
October 05, 2018, 01:28:02 AM
Merited by Bitcoinaire (2)

I can’t see ANY ETF getting approved for at least a couple of years. Getting annoyed with seeing $6,xxx.
Really feels 2015 rolling along $200-$300.

When is this market going to move, man?

I was promised Lambo’s, hookers & cocaine Wink

It's been hookers and cok....wait.

Edit:

 How serendipitous that I took a screenshot (kind of) before you edited your post.  It's Sleeman Clear 2.0 (which I had planned on saying was much better than Coors Light) and tuica (which I smuggled home in plastic coke bottles stashed in my luggage) for me tonight.  Shit.... to many brackets - lost my train of thought.   Oh yeah, my wife would kill me if I drank Coors Light no that's wrong...did hookers and coke.



 my fingertips are numb.

realr0ach
Full Member
***
Offline Offline

Activity: 434
Merit: 193


#TheGoyimKnow


View Profile
October 05, 2018, 01:31:48 AM

Lemme get this straight, the bank connected to Tether in Puerto Rico, Noble bank, is imploding, and some guy named Brock Pierce who is connected to the Clinton Foundation, Jeffrey Epstein, Pizzagate, and all kinds of other bizarre shit is all at the center? lol...

Before anyone says this gang of people including Brock Pierce, Marc Collins, and others are innocent, just one look at the guy's face tells you all you need to know.  The most completely obvious sex crimes mugshot you've ever seen in your life haha:



I'm so tired of looking at all these bitscams, shady bitcoin retards, and the blatantly obvious fact the entire bitcoin market is controlled by a single entity operating on Bitfinex through fraud.  This shit all needs to burn in hell and the world go back to silver and gold as money because every single shitcoin is useless and designed to centralize anyway.
xhomerx10
Legendary
*
Offline Offline

Activity: 1806
Merit: 1395



View Profile
October 05, 2018, 01:35:04 AM

You're all a bunch of assholes, this thread sucks, and bitcoin is probably dead.

 That would be the 314th time it has died Wink



Pages: « 1 ... 21294 21295 21296 21297 21298 21299 21300 21301 21302 21303 21304 21305 21306 21307 21308 21309 21310 21311 21312 21313 21314 21315 21316 21317 21318 21319 21320 21321 21322 21323 21324 21325 21326 21327 21328 21329 21330 21331 21332 21333 21334 21335 21336 21337 21338 21339 21340 21341 21342 21343 [21344] 21345 21346 21347 21348 21349 21350 21351 21352 21353 21354 21355 21356 21357 21358 21359 21360 21361 21362 21363 21364 21365 21366 21367 21368 21369 21370 21371 21372 21373 21374 21375 21376 21377 21378 21379 21380 21381 21382 21383 21384 21385 21386 21387 21388 21389 21390 21391 21392 21393 21394 ... 21410 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!