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

[El duderino_]

Also, Rick will likely strangle me, as he bought the dip.

Just don't forget the safe word

mistletoe ?





just a vince vaughn part of a movie .............

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[Last of the V8s]

https://twitter.com/coinspeak_io/status/1063272025660121090
ABC used a centralized checkpoint to prevent re org. Pro ABC Exchanges were allegedly in on it.
 

[Elwar]

I gave it a half assed try to convert my 1 BCH I pulled off of Coinbase a few days ago into the forked coins.

BSV wallet is only linux based, I downloaded and tried to run it but I got tired of installing missing libraries so...no free BSV coins for me while they have any value.

Didn't get a chance to try to get BAB.

This one will have to sit with the others that are slowly losing value as well.

If a software engineer isn't getting your wallet to work, you haven't planned things all that well. (not saying it can't be done...just don't feel like going through the hassle that it would have taken).

[bitserve]

I gave it a half assed try to convert my 1 BCH I pulled off of Coinbase a few days ago into the forked coins.

BSV wallet is only linux based, I downloaded and tried to run it but I got tired of installing missing libraries so...no free BSV coins for me while they have any value.

Didn't get a chance to try to get BAB.

This one will have to sit with the others that are slowly losing value as well.

If a software engineer isn't getting your wallet to work, you haven't planned things all that well. (not saying it can't be done...just don't feel like going through the hassle that it would have taken).

If you manage to compile the wallet be careful as BCHABC/BCHSV DON'T have replay protection. This is as contentious fork as it can be.

[kenzawak]

Bitcoin Cash Civil War, Day 1 Recap

https://www.cryptoglobe.com/latest/2018/11/bitcoin-cash-civil-war-day-1-recap/

[d_eddie]

I’m a bit disappointed that BTC hasn’t made a V shaped bottom yet.   

I don’t like how we are hanging around here with volume dropping off sharply.   

it is lacking a certain snapback quality

another leg down methinks

Yes. I dared not say it, but a real V bottom is terrifying when it comes in and bounces relievingly. This wasn't and didn't. Maybe it's just a half bart after all. We'll see soon enough.

[Elwar]

I gave it a half assed try to convert my 1 BCH I pulled off of Coinbase a few days ago into the forked coins.

BSV wallet is only linux based, I downloaded and tried to run it but I got tired of installing missing libraries so...no free BSV coins for me while they have any value.

Didn't get a chance to try to get BAB.

This one will have to sit with the others that are slowly losing value as well.

If a software engineer isn't getting your wallet to work, you haven't planned things all that well. (not saying it can't be done...just don't feel like going through the hassle that it would have taken).

If you manage to compile the wallet be careful as BCHABC/BCHSV DON'T have replay protection. This is as contentious fork as it can be.

Yep...it would be...get in, get my BTC out and be done

[Phil_S]

24-hours average... update







Maybe we're just back into that old falling wedge...

We could stay at $5500 for a while

[theymos]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

https://twitter.com/coinspeak_io/status/1063272025660121090
ABC used a centralized checkpoint to prevent re org. Pro ABC Exchanges were allegedly in on it.
 

(maybe repost - no time to read thread. back soon)

It doesn't really matter either way. ABC wouldn't have accepted SV blocks even without the checkpoint, so the narrative that it's somehow "cheating" makes no sense, and the checkpoint also doesn't prevent any likely attacks, so it's pointless centralization. These guys still haven't figured out how consensus systems work...

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

[El duderino_]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Ooow long term downward from this point to halving....
Ain’t not much gonna be left by Then, so you suggest HARD times for HODLERS?

Going on full honeybadger BTFD mode for 2 years?

Cancel all future party meetings and luxury shit buyings, its hibernate time.

I can accept all of the narratives BTC had to follow, but i hope its not this one you are saying
 That been Said HOdL through all the F***ing bear market and time to change my avatar to a lebowski HAT

(Perhaps a theymos HAT ? )
XhomerX can get all of the jobs done

[mindrust]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022   It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

[barota]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022   It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

bitcoin makes waves
I predict prices will run between 5,500 and 6,100 for a while
Maybe it is a good opportunity to buy now for short terms

[mOgliE]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

This is right what I'm thinking currently.

From a very basic and practical point of view:
-Adoption rate have been nothing but dropping in last year
-Usecases of btc aren't coming up. The only thing btc is still really used for is money laundring and illegal purchases
-We're at the end of a hype cycle

So there is no reason for the trend to be anything but down for months and probably years.

We need to wait for a new wave of adoption and projects, the machine is stopping right now. Next halving can be the savior but only if it peeks the interest of people with a good big FOMO.

[LFC_Bitcoin]

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

Seriously though, if true that’s pretty depressing. How are we supposed to deal with that?

 

[El duderino_]

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

Seriously though, if true that’s pretty depressing. How are we supposed to deal with that?

 

No selling mate.... no certainties what so ever just thoughts.
Its no spot on thing a 2-4 year downtrend....

[Elwar]

My gf sells on localbitcoins.

The past couple of days she's had some big sales requested.

I told her to ignore them.



Not taking the chance of the price shooting back up right after she's done a sale.

[Astargath]

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022   It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

I don't agree with that whatsoever. What major event happened in 2017? There were in fact a lot of bad news at the time and the price continued to grow.

[d_eddie]

Theymos's analysis makes lots of sense, but the corn is a proven dealer of surprises. Wait and see, I guess.

[mOgliE]

My gf sells on localbitcoins.

The past couple of days she's had some big sales requested.

I told her to ignore them.



Not taking the chance of the price shooting back up right after she's done a sale.

Yeah selling right now doesn't make much sens unless you need cash.

I don't believe for one second that price will rise back on 8k or 10k before at least months and probably years, but selling  now is a risky move. Price can still stabilize back to 6.5k whenever happens...

[jojo69]

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

Seriously though, if true that’s pretty depressing. How are we supposed to deal with that?

 

same as always