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

[JayJuanGee]

Woke up & saw the price, down we go once again. This has been a really shit year for bitcoin. Hopefully 2019 is much better, obviously we continue to HODL though.

 

You are a party poop, today, LFC (or perhaps Phyllis?).

[Icygreen]

9:13am CST. Dallas, TX Suburbs: The hiss of carbonated air can be heard escaping from a cold, fermented alcoholic beverage.

I bought £200 worth of God’s green yesterday, when I get home I’m going to get high AF

Ak-47 indoor here. Flowery sweet scent mixed with a citrus fruity and oak taste. Really nice.

Outdoor sativa's today! The terpenes are so amazing.  Ready for the long winter just in case.

[Last of the V8s]

https://phys.org/news/2018-10-bitcoin-dollar.html
https://arxiv.org/pdf/1804.05916.pdf

Here, it is demonstrated that over the recent months the Bitcoin market has become truly indistinguishable from mature markets according to the most important complexity characteristics, related to the return distribution, temporal correlations and multi-scaling effects, even including their generalization to discrete scale invariance, which manifests itself through log-periodic oscillations accompanying the large-scale trend reversals.

[kurious]

The real loser was someone who could have bought at $58, but was too busy calling Bitcoin dead back then to realise. So wrong, for so long.

What a total (demonstrably stupid) prick. 

[Last of the V8s]

[Wekkel]

Roubini seems to be soliciting for the ‘1995 Internet vs fax’ quote award in relation to cryptocurrencies. I think he will win 

[goldkingcoiner]

9:13am CST. Dallas, TX Suburbs: The hiss of carbonated air can be heard escaping from a cold, fermented alcoholic beverage.

I bought £200 worth of God’s green yesterday, when I get home I’m going to get high AF

Ak-47 indoor here. Flowery sweet scent mixed with a citrus fruity and oak taste. Really nice.

Outdoor sativa's today! The terpenes are so amazing.  Ready for the long winter just in case.

OH that is b-e-a - UTIFUL! I only tried growing it myself once, around 2012 when I was starting my physics bachelors. Little one died anyway..



Books and junk was for the size comparison.

[JimboToronto]

The real loser was someone who could have bought at $58, but was too busy calling Bitcoin dead back then to realise. So wrong, for so long.

What a total (demonstrably stupid) prick. 

Reminds me of the Wizard of Oz. If you don't have a brain, all you need is a diploma.

[Last of the V8s]

https://docs.google.com/document/d/1uqwII-c8shKGlQSy2aqKs8EIT9Fa_322xr_up6zKRzQ/edit#heading=h.vgi9lx99hfng
some hope of China Chips

edit: couldn't get an archive.is of this, but http://p.bvulpes.com/pastes/jB5uy/?raw=true

[El duderino_]

via Imgflip Meme Generator


NOW even trump knows....

[El duderino_]

The markets down again today and then Bitcoin dips after close, what the fuck.

Calm down , and keep on hodling whats possible too HODL.....

[JayJuanGee]

Our assets are sore from too much correlation.

Seems to be a short term perception.

It was a shitpun, actually.

I don't think there's any real correlation, except as someone said a temporary disturbance probably linked to suffering stock positions - or bonds, which have been in milder but structural trouble for a while already.

If the stock market gets a couple more blows, it could turn into priming bull fuel, even.

Yes.... Exactamente.   Something like:  "It is correlated, until it is not."

 

[JayJuanGee]

It's because :

https://www.blockchain.com/btc/address/35gwu76KvShhjg2SQdFcH6caC2MBFyXk75

No ?

Wow a 15000BTC sale brings the price down by only several hundreds? Bullish!  

In the end, who really knows what is happening with those 15k BTC?

We have coins moving here and there, but we don't know whose they are nor where they have moved, and a lot of exchanges can handle a decent amount of volume, anyhow, without really being affected - unless there is a way to show a kind of coordinated manipulation attempt.

Even the movement and the sale of a significant quantity of Gox coins in late 2017 and a few more times in 2018 were hardly proven as contributory to any kind of meaningful long term manipulation - even though claims of such were made, and likely there is a decent incentive for some short term gains from manipulator insiders (as long as they can get away with it).

I don't see the point of underline a 15.000 sell..... isn't daily volume more than 700.000 BTC?

What am I missing here?

700,000 of the same old coins moving back and forth. this is fresh meat to dump.

You trying to exaggerate a bunch of bullshit, ECB?  Who gives a ratt's ass about a few extra BTC dumped on the BTC market, unless you are filled with hopium that this time is going to work - to get BTC prices below $5774.
 

There are more important things going on, including various other markets (traditional markets, and a bit of an alt coin dump) going down quite simultaneously... and then a question about the extent to which BTC is going to dump as much  or hold value and perhaps even show some ability to serve as a inversely correlated investment... Let's see..... Let's see.  Interesting times, in which we live, no?  And, not just one factor (such as a relatively minuscule amount of BTC being moved from one unknown address to another unknown address).   Get real...   

[JayJuanGee]

It's because :

https://www.blockchain.com/btc/address/35gwu76KvShhjg2SQdFcH6caC2MBFyXk75

No ?

Wow a 15000BTC sale brings the price down for only several hundreds? Bullish!  

That is exactly the amount sold from 6600 to 6200-ish in Bitfinex. The price looks stable for now, only 5% loss is no big drama. It looks more like a bear trap to me. Of course, I agree that this year so far was a bears shitshow. All these people clearly have little faith and patience (or at least they had before but lost it now). But sooner or later the selling bears will dissapear.  Let's hope this was the last bear selling at 6K range.  I clearly remember last year how many people sold thousands of bitcoins when the price was below 3K. Now it is a rare thing to see a sell above 1K. In the next years probably we will be talking of hundreds-bitcoin-whales, then tens-bitcoin-whales  

In gloomy days like these, I try to imagine where the price will be in 3, 5, 10 years? There is no need to wreck my nerves by these short dips. If I just hold, I will become a millionaire way before my retirement. So, instead of selling, I prefer to buy moar bitcoins with my pathetic salary. Who knows, may be we will see new ATH sooner than expected.  I don't want to be on the wrong side when this happens.   Yes, I have faith that I will see it and enjoy it with my full stash intact by these shakeouts!!!

If you are willing to have a time preference horizon that goes beyond 5 years, it seems that you have really decent odds of profiting stupendously by continuing to dollar cost average into BTC until then - and hoping for the best - even if you happen to be regularly investing with a "pathetic salary," as you mentioned.

Of course, such hope regarding the future of BTC (and presumably BTC prices that will follow) is based on a certain kind of disparity of information in which you seem to understand the fundamentals of BTC and there are so many average Joes who either do not have a clue about BTC or they are filled with Angst or apathy regarding the extent to which bitcoin "may be valuable" (from their perspective). 

On the other hand, if your time horizon is way shorter, then there certainly could be some unnecessary risks - for example even less than 3 years - and you would not want to put a great amount of your money into BTC if you really needed to have that money liquid in a shorter period of time - such as less than 3 years.

[yefi]

The real loser was someone who could have bought at $58, but was too busy calling Bitcoin dead back then to realise. So wrong, for so long.

What a total (demonstrably stupid) prick.  

Nouriel's most remarkable talent is erasing from his memory every mistake he's ever made. What a feat!

A 310 bitcoin sale is like throwing a hotdog down a hallway. It wouldn’t touch the sides.

I think the recommendation is kegel exercise. You could try pumping your hotdog also.

[JayJuanGee]

https://www.banking.senate.gov/imo/media/doc/Roubini%20Testimony%2010-11-18.pdf
Crypto is the Mother of All Scams and (Now Busted) Bubbles
While Blockchain Is The Most Over
-
Hyped Technology Ever,
No Better than a Spreadsheet/Database

https://www.banking.senate.gov/imo/media/doc/Van%20Valkenburg%20Testimony%2010-11-18.pdf


https://www.banking.senate.gov/hearings/exploring-the-cryptocurrency-and-blockchain-ecosystem

Seems to either show either a considerably high level of non-comprehension of bitcoin or a purposeful attempt to misinform about what is bitcoin.

58.5%  shorting on bitmex,  how many shorters gonna get rekt today i wonder!?

Oh my!!!!!!!

jonoiv is bullish.. what we gonna do?

[StartupAnalyst]

via Imgflip Meme Generator


NOW even trump knows....

Think he thinks it's a Chinese fake?

[JayJuanGee]

Could we possibly be tied to the tech stock sector? My stocks chart and daily btc price look a bit too similar and rose at a close pattern.

Zoom out a bit, and think about the situation.

When you say "we" in the context of this thread, I presume that you are referring to bitcoin rather than to some more amorphous "crypto" concept.

Surely, there is some correlation from time to time; however, bitcoin is not really as much about tech as it is about soundness of money - even though it relies upon tech to achieve its goal, there is nothing really "tech stocks" about bitcoin, unless we are talking about threats to shut down the whole internet (or substantial parts of it) or alternatively some major bug in tech that fundamentally interferes with bitcoin's operations security....

  

^
Mmmmm for me its only going too be VENOM movie.....

But i do like seeing you Guys doing what you do BEST

Having Fun laughin @ the fucking price and just keep hodling like bosses

My lame ass will have to sell soon for closing cost and down payment. I'm kinda stressing.

You should NOT let your cashflow get so close to "having to" do something that might not be in your interest, which means that you have been gambling too much of your cashflow, hoping for UP...

"we" could go to $3k or to $1k and stay there for 6-12 months, and your cashflow should be prepared for that...

.I am not predicting that such $1k to $3k range will occur, but I am saying that you gotta be prepared (repetition, I know).  but:

[Hueristic]

Guys is this the right time to invest? Please let me know. I need money fast.

5 bitcoin says this guy is going to lose all his money by the end of the month.

The magician is gonna make it disappear?




Why the fuck did I check the charts before going out.

[jojo69]

mmmm kanye not in this kind of thing

BUT LIL WAYNE is just the best rapper with no doubt.... he could make anything happen, if with music 

and those ripping guitar solos...