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

[AR_fan]

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable.   Can't believe that he can even say this with a straight face.

Wallstreet and MSM works hand in hand, ETH was hugely bought by hedge fund guys in order to increase their BTC stash since they had missed the opportunity to buy it in the early days. It's actually the sole reason of existence of ETH. It only exists because the funders and the backers didnt have as much BTC as they wish they had.

So what do you do when you have 10s of millions of USD invested in eth at 1$ ish? You have to hype it a lot in order to create demand and unload your supply. I really think the whole purpose of newspaper these days is that : create demand.

Now you've unload your stash at the top of the bubble, and you want to load up again for next cycle? You need to create offer so the persons you sold to give up and sell

Thats the whole game.

Prepare yourself in the next few months for new articles about the death of bitcoin and know these are paid articles sponsored by whales so they can create offer and load up!

EDIT: and thats also the reason why we havent seen bottom yet. All these analysts and billionaire investors are still pretending to be bullish to lure the public away. They want them to buy the 6K zone now. This zone is gonna be a huge resistance in the coming years.

EDIT2: BCH right now is in a funny situation. Most of the supply is owned by Bitmain and its partners. They tried to pull a similar game than ETH. But they got rekt because bear market. They control bitcoin.com so it can help them eventually to unload to noobs, but they have to survive the coming years first, hence their IPO

[jojo69]

but   but

muh smart contracts

[BTCMILLIONAIRE]

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable.   Can't believe that he can even say this with a straight face.

How many people watching/reading/listening do you think actually understood the implications? And how many will keep walking into the same trap?

[El duderino_]

i will go NUTS when i specially wake up tomorrow night, to watch the mcgreggor-khabib fight, and the action there would be the same as its in BTC these weeks.....

who would win ?    *gotta wake up 3-4 in the night or something or gotta get total rekt on good booze and stay up , mmmm difficult, my current mood is adjusted
                              too BTC lately and thats just beeing bored as F***

McGregor to win by KO by end of 3rd round. Hey man, my paternal grandparents were born & raised in Ireland. Got to stay true to my roots, come on Conor!

In here also going for conor, but it Will be tuff

[BTCMILLIONAIRE]

but   but

muh smart contracts

badger badger badger badger

[d_eddie]

Classic bitcoin right now, always worst case scenario happening, its like the coin is thinking, How can I know who truly loves me? How can I know who's only with me for money? so right now scenario is faking a bottom close to 6k to trap most of the speculators before this support becomes a huge resistance and we find bottom way down from here

Bitcoin is very jealous, he only wants the best and strongest and most loyal holders; bitcoin wants someone that truly understand him; bitcoin is testing your loyalty every time; if you like bitcoin you stay with him for life and you love him whatever he does even if he plunges!

BE LOYAL
BE LOVING
BE HERE FOR HIM

Him??

It's a SHE, plainly.

[infofront]

Seems plausible

[El duderino_]

via Imgflip Meme Generator

#bitcoin halving: only 19 months to go ... we are in the green zone!!

[kurious]

Classic bitcoin right now, always worst case scenario happening, its like the coin is thinking, How can I know who truly loves me? How can I know who's only with me for money? so right now scenario is faking a bottom close to 6k to trap most of the speculators before this support becomes a huge resistance and we find bottom way down from here

Bitcoin is very jealous, he only wants the best and strongest and most loyal holders; bitcoin wants someone that truly understand him; bitcoin is testing your loyalty every time; if you like bitcoin you stay with him for life and you love him whatever he does even if he plunges!

BE LOYAL
BE LOVING
BE HERE FOR HIM

Him??

It's a SHE, plainly.

Absolutely. A male would be far more (boringly) predictable.

[jbreher]

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable.   Can't believe that he can even say this with a straight face.

I dunno. Sounds to me like he is saying that the analysts -- as a class -- are clueless, and are following the herd, rather than leading.

[kurious]

Seems awful quiet 'round here. 

Who cancelled the weekend pumps, did Rosewater take them with him..?  We should have frisked him on the way out.

[Hueristic]

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable.   Can't believe that he can even say this with a straight face.

I am continually bewildered by the fact more and more morons still listen to this dirtbag.

This is interesting.

https://medium.com/bloomberg/this-cryptocurrency-miner-says-it-solved-bitcoins-power-problem-3dc9fffc1d76?source=email-1e154d444ca3-1538742190133-digest.reader------0-49------------------179a244a_bd59_44ad_b8a0_28a0f7eb8f44-1&sectionName=top

[JayJuanGee]

via Imgflip Meme Generator

#bitcoin halving: only 19 months to go ... we are in the green zone!!

By that chart, we get a  largely sad pattern (to the extent that we can count on a pattern of two), because the "real up" does not seem to come until the halvening has already taken place.

[DireWolfM14]

OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:

https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html

"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.

"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."

Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)

And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?

Un-fucking-believable.   Can't believe that he can even say this with a straight face.

The more I learn about investing the more I realize how little I know.  The pundits and talking heads don't know shit.  They're just as clueless as the rest of us.  The only difference is they're paid to pretend they know something.  Half the time their predictions are accurate...

[bitserve]

Anyone knows if there are already any virtual lightning wallet provider for cellphones?

I mean, something like a coinbase app for the phone, that you can load with BTC and use to make lightning payments. Of course the lightning tx would be done in background by the provider on your behalf. The phone app would just be an interface. The provider would charge you a small fee... or just do it initially as a marketing investment to increase its user base and public exposure.

Do we already have something like that?

[goldkingcoiner]

Seems awful quiet 'round here. 

Who cancelled the weekend pumps, did Rosewater take them with him..?  We should have frisked him on the way out.

Probably. I guess right now is where people gave up and nobody wants to buy in. This might go on for a while. I wonder if bitcoin will ever experience huge pumps like in the past? Those were the days.... At best now we will only have a linear increase.

[d_eddie]

Seems awful quiet 'round here.  

Who cancelled the weekend pumps, did Rosewater take them with him..?  We should have frisked him on the way out.

Probably. I guess right now is where people gave up and nobody wants to buy in. This might go on for a while. I wonder if bitcoin will ever experience huge pumps like in the past? Those were the days.... At best now we will only have a linear increase.

I feel more like:

The more I learn about investing the more I realize how little I know.  The pundits and talking heads don't know shit.  They're just as clueless as the rest of us.  The only difference is they're paid to pretend they know something.  Half the time their predictions are accurate...

Only, I know my SOMA(tm) predictions are almost always wrong, almost all of the time.

[El duderino_]

christmas present tips..... too educate the NOCOINERS of the family, i probably should do a larger order for my GF family  

[kurious]

Seems awful quiet 'round here. 

Who cancelled the weekend pumps, did Rosewater take them with him..?  We should have frisked him on the way out.

Probably. I guess right now is where people gave up and nobody wants to buy in. This might go on for a while. I wonder if bitcoin will ever experience huge pumps like in the past? Those were the days.... At best now we will only have a linear increase.

It might go on for a while, but don't write Bitcoin off just yet! 

There are only 21 million bitcoins and most have already been mined which is not enough for every entity that wants one.  If you see how many exchanges, institutions and governments are now forced to take notice, it can't be stopped or ignored.

Yes, it looks flat just now - but don't think the fireworks are over.  They aren't yet... Not by a long chalk.

We have some pain still to go through, but there will be prices in future that will dwarf the last ATH. This has always have been so, and I can only see many thousands of reasons why this process shall be seen again.

[LFC_Bitcoin]

Seems awful quiet 'round here. 

Who cancelled the weekend pumps, did Rosewater take them with him..?  We should have frisked him on the way out.

Probably. I guess right now is where people gave up and nobody wants to buy in. This might go on for a while. I wonder if bitcoin will ever experience huge pumps like in the past? Those were the days.... At best now we will only have a linear increase.

It might go on for a while, but don't write Bitcoin off just yet! 

There are only 21 million bitcoins and most have already been mined which is not enough for every entity that wants one.  If you see how many exchanges, institutions and governments are now forced to take notice, it can't be stopped or ignored.

Yes, it looks flat just now - but don't think the fireworks are over.  They aren't yet... Not by a long chalk.

We have some pain still to go through, but there will be prices in future that will dwarf the last ATH. This has always have been so, and I can only see many thousands of reasons why this process shall be seen again.

Great post kurious, the bolded part especially puts a smile on my face imagining what kind of sickeningly high prices we’ll see around a year after the next halving.

I check the price about 50 times a day (I know....I know) and seeing 6xxx all the time has me rolling my eyes lately hoping/wondering when we’ll see much higher prices again.

You’ve cheered me up today any way bro, thanks.

HODL on gentlemen, have a great Friday night xxxxx