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

[d_eddie]

I reopened a medium-sized short around 5.6k. Just in case she's only teasing us with this move up.

The hardest part is figuring out sensible stops.

Sorry for little OT about btc market.  

What move up Eddie?  

Looking at the hourly chart in retrospect, I see a very tall wicker on a red candle. It almost touched 5700 (bitmex). It happened ~8 hours ago.

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[HairyMaclairy]

The cynic would say a move down is preceded by a sharp move up to remove shorts with close stops. 

[Tyr808]

I heard of bitcoin in 2011-12 for the first time while it was largely associated with silk roads. Living hand to mouth at the time raising children and didn't have 2 nickels to rub together.
Then in late 2016 I met a guy who had loads of mining rigs living in Bali. He told me and everyone else he was processing data for large companies. No mention of coins.  I discovered what he was really doing some months later and it was the shroud of secrecy around his "business" that led me to investigate and eventually discover the little known fundamentals behind bitcoin.
After much research it became clear to me that I'd found a peaceful revolutionary tool that aligned with and greatly enhanced my activism. Subsequent bull run of 2017 concreated this.

I might know the dude you're talking about. If it's him, he's now in Manila.
Actually good crypto scene in Indo, particularly Bali. Best in the whole SEA.

[Paashaas]

What will Roger say on CNBC next time? It was all a mistake? BABcoin ore BCHABC is the real vision? 

He also need to make the necessary 'fix' for bitcoin.com. How will he scam newcommers buying BCHABC?

This split is not good news for the bagholders but very good news for Bitcoin, the general public knows now what we mean with centralised shitcoins 

[Tyr808]

Craig Wright in particular completely and irremediably made an ass of himself when he proclaimed to be Satoshi yet could give no evidence whatsoever.
And his recent tweet made AFTER bitcoin dropped was cringeworthy.

Also puzzling how his SV is sitting at a mkap equivalent to that of ADA..
You have one solid project made by an Ethereum co founder and a team of pros, versus a spin off of an already debatable coin led by a guy with delirium of grandeur and -cherry on the fucking cake- that coin's existance isn't even acknowoledged by most exchanges. Wish I could short this shit.

[Elwar]

I was heavily involved in trying to get Ron Paul elected in 2008 which involved keeping up to date on most things going on on Ron Paul Forums.

After the 2008 elections we moved forward with the liberty movement (which was usurped by the corporate Tea Party) and kept each other informed on various projects related to liberty and freedom. Bitcoin was mentioned early on, then mentioned more. I'd been a big gold bug and had always tried to figure out how to convert all of my money into gold while still being able to spend it. I figured if I could at least demonstrate how one person can do it, then it would allow others to do the same. Problem was that gold requires storage which costs money. Any gold credit/debit card charged a fee per use and a monthly storage fee.

When someone first mentioned bitcoin and speculated that in the future we would use a basket of currencies as our every day currencies I pushed back because I felt that gold was the answer to future currencies. But after I saw that bitcoin hit dollar parity I downloaded the wallet. It had a button you could click to start mining so I tried to mine. It crashed my computer so I was like...screw Bitcoin, this thing sucks. And went on with my life.

Then I read about the jump from $2 to $32 and I decided it was time to get in. When it came back down to $17 I cashed out my Roth IRA and bought $10k worth (as it spent 2 years slowly falling down to $2). I sold it all when it came back up to $12.

[RoomBot]

Be sure to check out the new bcash SV website http://bcashsv.com

Awesome!

[jojo69]

That sounds nice and all until we find out bitcoin was created by the government/ illumanti/ CIA/NWO so they could test out a world currency.

well, what did that take, 3 days?

https://www.youtube.com/watch?v=VCZVRQ3z5qE

[Tyr808]

I was heavily involved in trying to get Ron Paul elected in 2008 which involved keeping up to date on most things going on on Ron Paul Forums.

After the 2008 elections we moved forward with the liberty movement (which was usurped by the corporate Tea Party) and kept each other informed on various projects related to liberty and freedom. Bitcoin was mentioned early on, then mentioned more. I'd been a big gold bug and had always tried to figure out how to convert all of my money into gold while still being able to spend it. I figured if I could at least demonstrate how one person can do it, then it would allow others to do the same. Problem was that gold requires storage which costs money. Any gold credit/debit card charged a fee per use and a monthly storage

Dr Paul.. now that was the most solid candidate for POTUS I've ever seen in my lifetime. +merit and kudos to that.

Interesting to see Dr Paul's opinion on bitcoin now.
But I clearly remember back in the days most of my libertarian mates weren't that enthusiast on bitcoin because it's "backed by nothing!". How silly of me to listen to them, feeling like FML when I look back and think about the difference it could have made to my life.

[jojo69]

Somewhere in here in 2008, I can't find a way to search the site it's been changed so much.

https://web.archive.org/web/20080802210827/http://www.overclock.net:80/overclock-net-folding-home-team/

Too much wasted time, done searching.

Yeah, I think a fair number of us got into it from folding, which is cool because a lot of the new rich elite are going to be fundamentally altruistic people.

Of course, along with the gamblers and drugs enthusiasts...nothing wrong with that, mind you.

[PoolMinor]

I reopened a medium-sized short around 5.6k. Just in case she's only teasing us with this move up.

The hardest part is figuring out sensible stops.

Sorry for little OT about btc market.  

What move up Eddie?  

Looking at the hourly chart in retrospect, I see a very tall wicker on a red candle. It almost touched 5700 (bitmex). It happened ~8 hours ago.

Tall wicker candle not a good sign for a rise in price, indicates indecision and likely downturn.

https://en.wikipedia.org/wiki/Shooting_star_(candlestick_pattern)

[jojo69]

DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMMMMM!

[d_eddie]

I reopened a medium-sized short around 5.6k. Just in case she's only teasing us with this move up.

The hardest part is figuring out sensible stops.

Sorry for little OT about btc market.  

What move up Eddie?  

Looking at the hourly chart in retrospect, I see a very tall wicker on a red candle. It almost touched 5700 (bitmex). It happened ~8 hours ago.

Tall wicker candle not a good sign for a rise in price, indicates indecision and likely downturn.

https://en.wikipedia.org/wiki/Shooting_star_(candlestick_pattern)

Yep. Happy short indeed.

DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMMMMM!

Something tells me it's going to be a hard week.

[chichidori]

The cynic would say a move down is preceded by a sharp move up to remove shorts with close stops. 

That may be true but it might even go lower pass 4k before the end of the month with the hacking incident every now and then,

[jojo69]

Oh Lord. What now...

https://www.ziprecruiter.com/

https://www.monster.com/

https://www.indeed.com/

[PoolMinor]

I reopened a medium-sized short around 5.6k. Just in case she's only teasing us with this move up.

The hardest part is figuring out sensible stops.

Sorry for little OT about btc market.  

What move up Eddie?  

Looking at the hourly chart in retrospect, I see a very tall wicker on a red candle. It almost touched 5700 (bitmex). It happened ~8 hours ago.

Tall wicker candle not a good sign for a rise in price, indicates indecision and likely downturn.

https://en.wikipedia.org/wiki/Shooting_star_(candlestick_pattern)

Yep. Happy short indeed.

DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMMMMM!

Something tells me it's going to be a hard week.

Daily chart also showing a tall wicked candle, waiting for confirmation with today's candle. ~18 hours left to confirm or deny

[Arriemoller]

I first came in contact with bitcoin in 2011 on a blog called "Cornucopia". He totally dismissed the whole idea, and I foolishly trusted him. The next time I heard of bitcoin was in 2013 on the same blog, and then I kind of went "wait a minute, I thought that thing died back in 2011". So now I started to actually look into it and form my own opinion, after about a week of intense studies on the Internet I came to the conclusion that this is going to be  big, so I downloaded the qt wallet and did my first buy, it was followed by many more in 2013 and 2014. Since 2104 I have basically been hodling except for some minor buys. Buying and selling has been easy from the start using BTCX.se They aren't cheap but I'm willing to pay for a smooth and hassle free transaction.

And I ask again, what's the deal with the hats?

EDIT: I did sell some in February to pay of debts and retire.

[jojo69]

And I ask again, what's the deal with the hats?

total cap-itulation

[HairyMaclairy]

Hatters gonna hat

[Arriemoller]

LOL, where can I get one?