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

[d_eddie]

With stocks crashing by as much as 40%

Not to mention bonds! Not such a swift, apparent crash yet, but it's overdue already. A slow grind fueled by rising interest rates is pretty much unescapable by now. That's real institutional, conservative investor money mostly.

we might just see the next Bitcoin rally soon, for which the last sell off could end up being a bear trap. How is the long volume developing?

Potential bull fodder indeed. Popcorn anyone?

[Rosewater Foundation]

somewhere in Poland

 Oooooh I hate that.

I hate it when people don't know what HODL means.

yeah Mister Mayer

[withlove99]

WHO TO AVOID

BEWARE THE SHARK IN WHALE CLOTHING

The sharks are the ones who are out to get you. when you enter this arena, they smell blood and start circling.
The sharks can include the power traders at the big firms and even brokers who have a vested interest in your losses.
They will entice you with easy profits and then go in for the skill.

NOTE: Not al brokers are bad. Not all power traders are your enemies.

[Hueristic]

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

Thanks for finding another great long read. A damn good insight into modern top-end competition and China's determined fight to get to no.1 in every aspect of hi-tech production. It's all Far-East based and the last prize is the chip itself. The West isn't even in competition and the investment numbers to even keep up are mind-boggling. 

Well hey thanks for noticing, meriting and summarising. I bet there are Chinese generals right now dreaming of 'liberating' TSMC. In the name of 'the people'.

There was comment on that in there, as any reunification would mean they do 'have it all' - which is what china wants in the industry.  TSMC are a couple of generations ahead, though; working on getting to 5 nanometer tech while the mainland is largely struggling to get facilities from 28nm to 14.  Taiwan and (in the main that means TSMC) is at the supreme top end and in a position of hegemony.  Am in awe of the kind of investments in chip factories (in the $10 of billions EACH) required to be a player.

All this makes Bitmain look just a tiny niche player.  Perspective gained, but more than that, insight into the Chinese gov's plans and world view.

You have to wonder if any hi-tech manufacturing will exist outside the Far East at this rate. Silicon chips made in Swindon?  Not bloody likely!

https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies

These servers were assembled for Elemental by Super Micro Computer Inc., a San Jose-based company (commonly known as Supermicro) that’s also one of the world’s biggest suppliers of server motherboards

[jojo69]

hmmmmmmmm

getting kind of wide for a bart

[d_eddie]

Meanwhile, the Plunge Protection Team is working hard.

[bitserve]

https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies

These servers were assembled for Elemental by Super Micro Computer Inc., a San Jose-based company (commonly known as Supermicro) that’s also one of the world’s biggest suppliers of server motherboards

No single evidence of those claims been presented though. #justsaying

[criptix]

bottom out already - im close to think there will be a multi-year bear ahead of us till 2020  

[goldkingcoiner]

Meanwhile, the Plunge Protection Team is working hard.

[_javier_]

bottom out already - im close to think there will be a multi-year bear ahead of us till 2020  

Charlie Lee said so. And he dumped his LTC close to ATH... He knew it

[bitcoinPsycho]

bottom out already - im close to think there will be a multi-year bear ahead of us till 2020  

Charlie Lee said so. And he dumped his LTC close to ATH... He knew it

Charlie lee is cool as fuck
and he's no fool

[LFC_Bitcoin]

bottom out already - im close to think there will be a multi-year bear ahead of us till 2020  

I don’t think anybody really knows. When we went from the previous ATH to $150 after Gox people were calling double digit coins. It never happened though!

I honestly don’t think anybody has a clue how long we’ll be in this bear market for.

[d_eddie]

Meanwhile, the Plunge Protection Team is working hard.

Hey... hey... I meant Wall Street, man... easy with that toy...   

[DeathAngel]

Anybody think close to $10,000 is possible by the end of 2018. I’d love to hope so, really don’t want to see us dip (and stay) $6,000.

I think we all know that we’ll obviously see another ATH but it’s so frustrating living out these multi year bear markets. I hope we don’t grind around the current price level for too much longer.

Would love to see above $10,000 again before too long. Psychologically it just seems an area of strength to be north of 10k, probably just me though.

[kirreev070]

bottom out already - im close to think there will be a multi-year bear ahead of us till 2020 

I don’t think anybody really knows. When we went from the previous ATH to $150 after Gox people were calling double digit coins. It never happened though!

I honestly don’t think anybody has a clue how long we’ll be in this bear market for.

I think that until the end of 2019 there will be a bear market. And so it can really drag on for 3-5 years.
But do not forget that the eternal fall does not happen, as well as growth.

[El duderino_]

Time to finish the weekend sideways shit and pump the f*** up ..... its my girls bday this weekend , so got Some things fixed.... but a BIG GREEN dildo is not in my power 

Whatever i expect too be drunk as f****** f***

Cheers for the weekend WO’s

[infofront]

https://www.keysheet.io/guides/best-privacy-coin/

Why pump Monero in this thread?

your right .... my bad , its not for in here ....

Well, they do put Bitcoin at #2.

[jbreher]

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

BatmanSlapsRobin.png

[LFC_Bitcoin]

Time to finish the weekend sideways shit and pump the f*** up ..... its my girls bday this weekend , so got Some things fixed.... but a BIG GREEN dildo is not in my power  

Whatever i expect too be drunk as f****** f***

Cheers for the weekend WO’s

You can always buy her a big green dildo. At least that way you’ll 100% see some big, green dildo action this weekend!

[STT]

With stocks crashing by as much as 40%

Not to mention bonds! Not such a swift, apparent crash yet, but it's overdue already. A slow grind fueled by rising interest rates is pretty much unescapable by now. That's real institutional, conservative investor money mostly.

Bonds unwinding is what will devalue the currency itself since bonds are a promise to pay dollars at a future date.    The ironic situation is that because the debt pile keeps getting larger it rolls over the bonds instead of expiring and paying out that newly created money into the rest of the economy.   Bonds are dealt in 100k batches and do not easily relate to grocery prices and other ordinary trades but since everything is priced in dollars and the debt has become 21 Trillion or more and a massive influence I presume the overall effect thats understated so far is a much weaker dollar.

Market perception right now is stronger dollar, certainly compared to 2017 the dollar has not had that year long decline.   That decline partly helped BTC appear better then it has this year.    Bonds are the biggest market, stocks are a smaller consideration so far as I know so more of an indicator then a cause but I would not expect BTC initially to thrive while stocks are selling off.    I'm really looking at that bond situation or at least Dollar index for what is likely inverse to BTC strength, it is guided by perception and speculation more then trade so far.   The trade tariffs are not a positive long term but my guess is so far its helped dollar index to be stronger vs emerging markets then it might be otherwise