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

[JayJuanGee]

Furthermore, I do not have any strong presumptions that the BTC price is going down, and I especially think that any targeting of $2,200 would be quite pie in the sky, even though there is a chance that such price could happen.. maybe less than 5% (concedingly that such odds of $2,200 are a bit higher now as compared with last week, but they still remain pretty low, in my humble bumble opinion).

I would wager a guess that your 5% chance has grown to a higher percentage now of likelihood?

You are correct... I had asserted less than 5% odds to reach $2,200.

When certain support lines break, then odds change, so my current armchair estimate would allow for perhaps up to a 20% chance for that below $2,200 target of yours.. 20% might be a bit generous, but just to concede that calculations can change quite a bit when the price is moving a lot (and support or resistance is broken).

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[JayJuanGee]

They didn't add crypto traders.

FTFY

You think that 99% of folks are lying to you in this thread?  Get fucking real.

There may be a high percentage of lies, perhaps 30% if we are giving too much credit to the obvious trolls, but it is no where near 99%.

Snap out of your skeptical delusion, PoolMinor.   

[JayJuanGee]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?

[JayJuanGee]

This is bad.

Very bad.

EDIT: Remember how I said I need(want) to dump $1M USD more before December 31st 2018 ?

Yeah. LOL at that idea now.

Sheeeeeeeeit.

You are the reason why we cannot have nice things.    

??

What is to question?

He recently sold decently large amounts of BTC on the way down a few times, and attention-whore whined about it too...including seeming inclined to do the same, again.  

[xhomerx10]

Just got back from a day at the hospital. Damn...
I'll hodl as long as it takes, but damn

bitcoin is now a part of history books weeeee

Time to write some best-sellers about bitcoin(history), in order to maintain income... .  

 I believe a hat is required in order to be a successful writer.



avatar-sized

[JayJuanGee]

(Dear Lord... I feel like I turned into JJG)

Good job.

Imitation (even if subconsciously) is one of the greatest forms of flattery...

 

(Dear Lord... I feel like I turned into JJG)

Get the fuck out of here with this apparent pretense of being using some kind of self-defined wordy prose just to be able to claim any kind of pretense at being in the vicinity JJG-ness within 63.5-72.2%. Even using numbers and probability. Tsk.

At minimum, he must have been in the JJG wall of text ballpark of inspiring peeps not to read it.

[Icygreen]

All out of fiat ammo from that move.  Time to recharge but not looking forward to the hassle of a bank transfer.  Also just went slightly below my average.  Am I the only 1 potentially excited about lowering my cost average?  4.8K nice, 3k wow, 2K chub.  1k or less = beg and borrow
BTC is more relevant today than ever.  Just imagine how many are on the sidelines waiting for a bottom today.
  
 

[BTCMILLIONAIRE]

All out of fiat ammo from that move.  Time to recharge but not looking forward to the hassle of a bank transfer.  Also just went slightly below my average.  Am I the only 1 potentially excited about lowering my cost average?  4.8K nice, 3k wow, 2K chub.  1k or less = beg and borrow
BTC is more relevant today than ever.  Just imagine how many are on the sidelines waiting for a bottom today.
  

No you're not the only one. I'm quite happy with my trading stash.

[PoolMinor]

They didn't add crypto traders.

FTFY

You think that 99% of folks are lying to you in this thread?  Get fucking real.

There may be a high percentage of lies, perhaps 30% if we are giving too much credit to the obvious trolls, but it is no where near 99%.

Snap out of your skeptical delusion, PoolMinor.  

Man, you need to take a step back, and get a sense of humor. Geez Louise don't be so full of yourself all the time, sucka! I am pretty certain you are the only one in this thread that took this clear joke personally.

[jojo69]

news flash

Jay takes himself too seriously

 

[somac.]

well its still looking like a disaster out there. No solid bounce.

I'm wondering what were the reasons for the bottoming period in 2014/15. I always thought it might of been that the mining costs at the time made a floor at that price, but I never looked into it. Does anyone know if the mining price was around the 200 level in 2014/15?

Bitstamp getting hacked caused the $150 bottom in 2015. At that time it was the biggest exchange.

I don't mean the specific bottom, I mean the time when it was moving between 200-300, what kept it falling further? was it just no more sellers, the miners stopped selling, or more buyers coming into the market?

It was between $200 and $300 for more than 8 months, and the bearwhales could not get the price to go down further... After NOT being able to get the price to go down more, for so long, there was only on direction left, correct?

Sure, but I'm curious on a few things, specifically the price rallies during that time and lack of flat movement. The lack of movement (flat periods) may of been there, I just can't remember, but we are certainly not getting many rallies. There was a big one after it hit 150 and the price, then down to 220 area then up to 300 then back down to 220, then back to 300 then back to 200, then the rest is history.

It seems to me that there was the volume and maybe a few new entrants back then to do it, my concern is that I'm not seeing that right now, I guess we could just be too early in the cycle.

[S_Therapist]

Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?

[Elwar]

Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?

Google minimalism.

[Paashaas]

XRP holding 2e spot and bCash down to spot 5 at Coinmarketcap (-41%) 

[jojo69]

Preparing myself for surviving next two months. Want to forget that I own bitcoin.
Any tips?

overtime

[somac.]

looks like another drop incoming, I'm getting tired of this shit

without a doubt we are going to 3000

[Icygreen]

Buy order money stacking up on bitstamp. Up 45% 69mil since the drop from 6400.
Either that money is readying up or its a trap.
Hodl my beer, going to check

Edit: realized this is my first actual wall observation post in awhile. Sorry for my shit posting of lately. More time to focus on BTC for the next 5 ~6 months.

[somac.]

Buy order money stacking up on bitstamp. Up 45% 69mil since the drop from 6400.
Either that money is readying up or its a trap.
Hodl my beer, going to check

I just keep expecting the worse.

what prices are these at

[infofront]

Anyone who sells beyond this point is going to cry.

People have been saying the same thing since 15k

Show me those people? Everyone here with a brain understood that after a pump to 20k it will come down to at least 6-8k with dips even lower.

Everyone in the thread claimed it was going to go from $20k to $100k except me + tera.

It is. If you hodl for years. That time is still coming and most experienced coiners know it. But any trader understands that what goes up must go down. And these ups and downs take a long time. Most people think bitcoin is something that will go from $1 to 20k and then down to 5k and back up to 100k in a week. But thats not how it works. Not even Bitcoin is that volatile. Sit on your shakey hands for now.

For bitcoin to just skyrocket to $100k for no reason, it would require being created by the evil cult of judaism as some type of enslavement device to fuck over the goyim.  But there's a decent amount of evidence that is the case such as evil Jews like Larry Summers and Ben Bernanke promoting digital currency, democrat lawmakers passing pro-cryptocurrency laws, and just about nobody in US govt actively trying to stop it, so maybe you're in luck.

The art of Tai-Chi is to anticipate your opponents next move and use his own power against him. Has Yuri Bezmenov taught you nothing?

In other words, you are literally Judas and will lie and shill for the Chinese social credit score system as long as you think you can profit from it then flee the country before everyone is rounded up and dies, except for the fact there is nowhere to actually run to in the first place.

You're pathetic roach. They have the most powerful military in the world under their little finger and control the media and pretty much all big businesses. If anything, hats off to the jews. Great job on being the only people close to world domination in this game of life we all play. And what do you do? You throw a hissy fit and whine. while the rest of us keep playing the game. You, just like the leftist liberals, have this grand illusion of how the world should be. Well here's the rub, bub. Reality is tough. It is a dog eat dog world and you are the shittiest member of our team. You are the fat kid nobody wants to pick for basketball because all you do is whine about the rules and drag the rest of the team down. I studied physics at university, I keep in shape, I keep myself at the top of the food chain. Physically, mentally and financially. What the fuck have you done in your life except borrow the success of the white race as your own?

This man earned his fucking hat.

[kenzawak]