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

[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?

If you don't think that an ETF or similar big boosting event is likely in the next ~year, then that might end up paying off, but personally I wouldn't sell large amounts now. First of all, it'll probably at least touch $6k in the near future. Second, you don't know when an ETF will be approved or the next 2008-style financial crisis will happen, both of which could truly put BTC through the roof. (Insider trading will probably put BTC to $10k+ some time before an ETF is actually approved.) Third, while cryptocurrency will probably not take over the world anytime soon, it's a very real and growing niche which isn't ever going away, and I see no serious competitors to BTC for king of the cryptocurrency space.

It all depends on your risk tolerance and time horizon, though. If there's any BTC price that would ruin you, then it might be a good idea to sell some.

I can wait until 2021 before I’ll start & I mean really start wanting to see results.

[kenzawak]

Not sure if this has been posted before :

Ohio Congressman and cryptocurrency advocate Warren Davidson is to go ahead with his plans to introduce a bill which will effectively eliminate the SEC’s jurisdiction over the industry.

https://bitcoinnews.com/ohio-congressman-tells-sec-hands-off-crypto/

[jojo69]

Rastani throws in the towel, capitulation begins

https://www.youtube.com/watch?v=fRCYQz6EAAY

[El duderino_]

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...

did you before thought the price to be 19k-ish when it was about 3K-ish.....
probably nobody thought it then ......

[Paashaas]

If you’re not a Bitcoin Maximalist, you have not done enough research.

[Hexah]

What will be the future of those coins if miners gonna capitulate anyway? If they do.

[Phil_S]

This shitshow has given us a new opportunity to correctly name the forks.
Previously, we have been unable to drop the Bitcoin part of their names, because it simply left 'cash' which is of course ambiguous.

I guess its obvious but, we can now correctly relegate them to the proper Altcoin categorisation by using:

ABC Cash
SV Cash

And retire bcash name? Nuh...

It's bcashABC and bcashSV.

[Kylapoiss]

What will be the future of those coins if miners gonna capitulate anyway? If they do.

Nobody likes to burn money, can't see that this will be going on for too long. And based on TA on this forum, we won't be seeing the price rising any time soon, at least not to mine them in a profitable way. Interesting to see how it plays out, or has it played out already, dead from the start

[cAPSLOCK]

This shitshow has given us a new opportunity to correctly name the forks.
Previously, we have been unable to drop the Bitcoin part of their names, because it simply left 'cash' which is of course ambiguous.

I guess its obvious but, we can now correctly relegate them to the proper Altcoin categorisation by using:

ABC Cash
SV Cash

And retire bcash name? Nuh...

It's bcashABC and bcashSV.

I still think for BABC:  BABy Cash. Stop the dying!

[kenzawak]

[infofront]

Rastani throws in the towel, capitulation begins

https://www.youtube.com/watch?v=fRCYQz6EAAY

He's one of my favorite analysts.

TLDW: We're going to $4,000-$4,500

[jbreher]

In offbeat news, Bitmain is now shipping development boards employing its BM1880 Sophon AI deep learning chips:

<press release>
The Bitmain Sophon(TM) Edge Developer Board is designed for bringing powerful Deep Learning capability to various types of applications through its quick prototype development. Sophon Edge Developer Board is powered by a BM1880, equipping tailored TPU support DNN/CNN/RNN/LSTM operations and models. This board is compatible with Linaro 96boards while also supporting modules for Arduino and Raspberry Pi. Developers can leverage off-the-shelf modules and develop cutting edge DL/ML applications, like facial detection and recognition, facial expression analysis, object detection and recognition, vehicle license plate recognition, voiceprint recognition, and more!
</press release>

https://www.96boards.org/product/sophon-edge/

[El duderino_]

So no weekend pump........................?

[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.
 

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...

lol
tyvm

[jbreher]

In other odd tangentially related news:

Julian Assange has been charged, prosecutors reveal inadvertently in court filing

WikiLeaks founder Julian Assange has been charged under seal, prosecutors inadvertently revealed in a recently unsealed court filing — a development that could significantly advance the probe into Russian interference in the 2016 election and have major implications for those who publish government secrets.

The disclosure came in a filing in a case unrelated to Assange. Assistant U.S. Attorney Kellen S. Dwyer, urging a judge to keep the matter sealed, wrote that “due to the sophistication of the defendant and the publicity surrounding the case, no other procedure is likely to keep confidential the fact that Assange has been charged.” Later, Dwyer wrote the charges would “need to remain sealed until Assange is arrested.”


https://www.washingtonpost.com/world/national-security/julian-assange-has-been-charged-prosecutors-reveal-in-inadvertent-court-filing/2018/11/15/9902e6ba-98bd-48df-b447-3e2a4638f05a_story.html?utm_term=.9afea2d4929b

[Paashaas]

LOL 

[jojo69]

TLDW: We're going to $4,000-$4,500

pretty much

[JimboToronto]

Good morning Bitcoinland.

We seem to have leveled off after the dip a couple of days ago... currently $5636USD/$7407CAD (Bitcoinaverage).

Could be going sideways for a bit. Then again, the honey badger just might come out of hibernation at any time. Sometimes any little spark of news or FUD can be enough for the market movers to send it shooting up or down again.

I think they're still in accumulation mode and this $800 discount is serving them well. Too bad for the traders and others trying to make a quick buck. Holders and other long-term investors don't give a rat's ass about this minor crap. Anyone who has been buying the dips for years and only selling as necessary will still be earning a fiat profit any time they do have to sell.

All the whining and capitulation gives me heart though. Maybe we're getting closer to real full-market capitulation, turning around and properly heading back up again. More likely, it's more sideways for a while.

[El duderino_]

panic sell the BOTTOM idiots and BUY the TOP's

[d_eddie]

Rastani throws in the towel, capitulation begins

https://www.youtube.com/watch?v=fRCYQz6EAAY

He's one of my favorite analysts.

TLDW: We're going to $4,000-$4,500

 
Sh**, gotta reopen that short. I hate this carnival.