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

[Icygreen]

Ok, fourth leg down since 6.4K... this is beyond ridiculous....

And what worries me the most is that I am not hearing panic screams, nor cryings, nor anything. Are we fucking still in denial phase?

There's no denial, you know why? 20K did not happen with a single hand. The nest has been kicked.  All eyes are on entry points.

[El duderino_]

commiserations to those that sold at the bottom.  

Oh shit... the major!

the colonel will be alright
his bosses will tell him when to act bullish again

I always assumed you were being paid to post here. Hodl memes all the way down. 

Who would ever pay for hodl Posts on a forum ....?

Dumpers don't want people selling on top of them. Trolls work both ways.

Dammit who can i pay next time to HODL, and become Richer Then they do instead of selling there best value asset?
Please pay me BTC’s to HODL
That would be living the ultimate dream

[toknormal]

I really don't believe the fud about hitting 2k, fudsters are out in full force trying to get everyone to dump their coins on the cheap.  I believe bottom was already hit and we will never see those lows again.  There is just too much uncertainty in government currencies for bitcoin not to keep growing.

You under estimate the latitude available to the "price discovery" process.

The market will dump until every last drop of profit is extracted and only die-hard hodlers are left. It's only 20 months since we were at $1k and that level can easily be retested legitimately.

Expect the unexpected.

[realr0ach]

Looks like the scammers at Bitmain are trying to rig the market above their cost of production now.  This is how you get the long, drawn out bear markets.  They'll do this for months until finally giving up and then it just slowly grinds lower with various miners going bankrupt just like last time.  Now the market is entirely just random slobs trying to profit off forecasting when and where Bitmain will attempt to rig it to.  If you attempt to trade it, you have to figure out if Bitmain actually wants the price to go up, or if they're trying to keep it lower to bleed out competitors first.

r0ach, are you currently invested in bitcoin or do you plan to in the future?

Genuine question, just curious. You don’t have to answer but I’m sure that it’s not just me wondering.

I would say bitcoin does not qualify as an investment.  It's not a business, and it's also a currency and not money.  I'd say in current state, it's a centralized, Chinese currency issued by Bitmain, similar to how Chuck E Cheese tokens are issued by the Pizza store.  The only people who should be screwing with currencies are Forex traders or people that actually use them for something.  As in, if you don't use the currency Delta Airline miles for anything, you should not be holding Delta Airline Miles.  Everyone else should either be using real money (silver and gold) instead of currencies or creating/investing in some type of business or something.

Looking at things from a big picture view, it's absolutely astonishing people are trying to portray a currency as a get rich quick scheme when actual money exists with far superior traits (silver and gold).  If anything, the real get rich quick scheme is when the market does it's paradigm shift back from fake money (fiat paper) to real money again (metals).  The only way that's not going to happen is if you make believe the crooked US govt can defeat Russia, China, Iran, Turkey, and dozens of other nations simultaneously in a world war - a complete joke.  Most people in the US will even fight on the side of Russia against their own crooked govt to make it even more laughable.

[AR_fan]

Looks like the scammers at Bitmain are trying to rig the market above their cost of production now.  This is how you get the long, drawn out bear markets.  They'll do this for months until finally giving up and then it just slowly grinds lower with various miners going bankrupt just like last time.  Now the market is entirely just random slobs trying to profit off forecasting when and where Bitmain will attempt to rig it to.  If you attempt to trade it, you have to figure out if Bitmain actually wants the price to go up, or if they're trying to keep it lower to bleed out competitors first.

r0ach, are you currently invested in bitcoin or do you plan to in the future?

Genuine question, just curious. You don’t have to answer but I’m sure that it’s not just me wondering.

he'll buy back once price has been flat and boring for a while like all smart money. i'm sure he'll come tell us that once that happens. he did say it in 2015.

i'm betting market will turn bullish end 2019, until then unfortunately its what he says... you're jut buying a falling knife hoping the entity controlling the price turns the engine back up.

only way to make money in this market is to treat it as a scam market. its a sad state of affairs, but it is as it is.

@roach, whats your bet on GS next move on crypto? do you think they exit? do they pump ETH again? I'm betting on ZCASH for the biggest gains if we ever have a bull run again. Its barely touched, not many people that can dump on them, entirely controlled, completely scammy but with good and clean marketing image. Seems like a perfect tool to me.

[xhomerx10]

Somebody is getting lazy with their updates so I'm cutting their grass for them

 

Feb 6th 2018 the sentiment indicator was at 8 - lowest so far.

[Ibian]

via Imgflip Meme Generator

Lol game across an ibian section while shopping
Cool stuff

Mug. Want.

[jojo69]

don't you people have jobs to go to?

[Spaceman_Spiff_Original]

Spaceman i must say we do not experience a DIP the same

Haha, no I meant that I found it weird that nobody had commented for 15 minutes in such a volatile period.

[Kylapoiss]

don't you people have jobs to go to?

Who works on a Sunday?

[xhomerx10]

don't you people have jobs to go to?

Who works on a Sunday?

 I work 2 out of 5 weekends ;(

edit: not today though - decorating for Christmas today.

[Ibian]

don't you people have jobs to go to?

No? Bitcoiners, we have money.

[jojo69]

don't you people have jobs to go to?

Who works on a Sunday?

sigh


me, I work on a Sunday

[Kylapoiss]

don't you people have jobs to go to?

Who works on a Sunday?

 I work 2 out of 5 weekends ;(

edit: not today though - decorating for Christmas today.

Sorry man.. Well, lets hope this "imaginary valueless token © r0ach" will get out of the dump and go to the moon where it belongs, so you can have an early retirement

Or you can start your own hat business!

[realr0ach]

@roach, whats your bet on GS next move on crypto? do you think they exit? do they pump ETH again?

I have no idea, as I used to keep track of who owned what and such in altcoins, but don't anymore.  GS probably knew ETH was a dud from reading posts from me + Anonymint back in the day but pumped it anyway because there was lots of greater fool ETH cultists to dump on.  Maybe they dumped it all already except for a little bit and have no motivation to screw with it anymore.  The only other person I know of who kept track of stuff like that who apparently had the same numbers and information as me is:

[gentlemand]

don't you people have jobs to go to?

I found school rather tiring so I'm still winding down 25 years later. I may feel ready for a job somewhere around 2045.

[coinlocket$]

I was looking about an Italian trader on youtube and he was talking about 2 alert zones (1 week ago)

1st 3000-3800$, if this range will be broken he thinks
2nd 1145$

Do you really think it can go so low?

[Kylapoiss]

don't you people have jobs to go to?

Who works on a Sunday?

sigh


me, I work on a Sunday

Do you like to work on a Sunday? If yes, then no probs, if not, then you must do something about it

I like to make my own schedule and working on a Sunday rarely fits in it.

[maser82]

Looks like the scammers at Bitmain are trying to rig the market above their cost of production now.  This is how you get the long, drawn out bear markets.  They'll do this for months until finally giving up and then it just slowly grinds lower with various miners going bankrupt just like last time.  Now the market is entirely just random slobs trying to profit off forecasting when and where Bitmain will attempt to rig it to.  If you attempt to trade it, you have to figure out if Bitmain actually wants the price to go up, or if they're trying to keep it lower to bleed out competitors first.

If the chinese Bitmain have something to do with this price dip it looks like they still have some margin to dip it a little more based on their last Antminer s15 and its 28TH/s with 1596W and 0.08c/kwh (China average electricity price)

[InvoKing]

don't you people have jobs to go to?

That awkward moment when asking WO boys if they have a job to go to