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

[Biodom]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market.  

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price.  

Well, what this contention is based on, exactly?
There is no law that in bitcoin bear markets have to last the same time as bull markets (or longer).
In US stocks market, by comparison, bull markets typically last longer (in time) than bear markets (at least in the last 100-120 years).
I "digested" the last bull market just fine, so I vote for bull resumption earlier than mid 2019.

TL;DR Basically, this is just an opinion that is not based on anything else than your "gut". It could be right, but could be wrong just as well.

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[LFC_Bitcoin]

Just merited a quote instead of the original.

You guys look all the same with that hats.

 ?? These hats are more unique than a Bitcoin address.

I will wear mine when this signature campaign I’m in ends. I sort of want to wear it now & wave the pay from the campaign but I’ll wait until it ends

LFC hat will be worn early New Year!

Will this hat fad last until the new year?  you could become a late adopter, perhaps?

What the fuck do you mean "fad"?

A fad is like a trend/fashion that passes. Kind of like a haircut or sneakers that aren’t cool for long

[TheCactus]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

Well, what this contention is based on, exactly?
There is no law that in bitcoin bear markets have to last the same time as bull markets (or longer).
In US stocks market, by comparison, bull markets typically last longer (in time) than bear markets (at least in the last 100-120 years).
I "digested" the last bull market just fine, so I vote for bull resumption earlier than mid 2019.

TL;DR Basically, this is just an opinion that is not based on anything else than your "gut". It could be right, but could be wrong just as well.

WheatBits has been shooting the acid directly into the balls of his eyes. I believe this was jojo's idea. We can all see through time now.

Trust us.

[JayJuanGee]

Just merited a quote instead of the original.

You guys look all the same with that hats.

 ?? These hats are more unique than a Bitcoin address.

I will wear mine when this signature campaign I’m in ends. I sort of want to wear it now & wave the pay from the campaign but I’ll wait until it ends

LFC hat will be worn early New Year!

Will this hat fad last until the new year?  you could become a late adopter, perhaps?

What the fuck do you mean "fad"?

One way to rile up folks... talk about something meaningful, hats.

hahahahahahaha

[BTCMILLIONAIRE]

Just merited a quote instead of the original.

You guys look all the same with that hats.

 ?? These hats are more unique than a Bitcoin address.

I will wear mine when this signature campaign I’m in ends. I sort of want to wear it now & wave the pay from the campaign but I’ll wait until it ends

LFC hat will be worn early New Year!

Will this hat fad last until the new year?  you could become a late adopter, perhaps?

What the fuck do you mean "fad"?

A fad is like a trend/fashion that passes. Kind of like a haircut or sneakers that aren’t cool for long

I'm not sure if you're trying to whoosh me or not.

[Biodom]

Here is my attempt at btc bottoming fundamental analysis:

Bitcoin mining difficulty peaked on 9/30/2018, then went flat, now rapidly declining.
The last time this happened on a sustained basis was during Nov 2011 bottom.

In 2011 it took four months before market bottomed and decline in difficulty stopped (in correlation with the price rebound).
Counting from 9/30, we are already two months into difficulty decline period.
If total decline period is to last only four months, we would need to turn around (price-wise) within a month (or already) to get to the rise again by the end of four months period.
One may argue that it could last longer, but nobody knows what the result of such decline would be on system functioning. Yes, difficulty would slowly adjust downwards and relieve the pressure on miners, but it takes two weeks for adjustment, which might be too slow for some.

IF, on the other hand, you would continue both price and difficulty decline until mid 2019, bitcoin might be in jeopardy by the time it turns around there.

[wayna]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market. 

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price. 

I believe we won't go lower than 3k or something around this and, if that will be the case, those price windows will be available just for a short time, it probably won't stabilize on those prices for a while.

[PoolMinor]

What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales
9. Hats

And which are the most predictable events or follow a pattern?


Edit:
Hint -- What drives the price of diamonds?

[Last of the V8s]

Ok boys we have three hours to turn this monthly green.
Everybody stop drinking and buy $100 of bitcoin right now.
If we all pull together as a team, hairy and bald, prickly and smooth, bigot and oppressed, brown, pink, hatted and hatless, we can do it.

[xhomerx10]

What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales
9. Hats

And which are the most predictable events or follow a pattern?

ftfm 

[HairyMaclairy]

The bottom is not in.

This isn’t about price, it’s about time.  We haven’t had enough time to digest the last bull market.  

We will hit absolute bottom between here and mid-2019.  I can’t give you a price target because it’s not about price.  

Do you still stand by your uber high price prediction of 280k per coin at the top of the next cycle?

At the peak, yes.  It’s only 14x prior ATH. 

[pönde]

The volume has declined under 6B$. Lets hope the price will not dip.

[Toxic2040]

Updated fibs.

1h

[bitserve]

https://bitcoinwisdom.io/markets/bitfinex/btcusd

Mind blown.  I have been using bitcoinwisdom.com for the past 5 years...  

Lol, me too.  Very useful.

What kind of witchery is this?!?!?!

Since when has been this .io site up?

[Last of the V8s]

In hindsight, people were calling 'head and shoulders' (which I never really believe in) in my earshot even before Hairy posted his to the thread. But this was a classic, even if someone is trolling us. kudos where it's due.

[Biodom]

Hint -- What drives the price of diamonds?

My first guess would be hats...a perfect correlation (to the downside: as hats increase on WO, the price of btc decrease world-wide).

Re hint...De Beers & Russia?

[Last of the V8s]

https://bitcoinwisdom.io/markets/bitfinex/btcusd

Mind blown.  I have been using bitcoinwisdom.com for the past 5 years...  

Lol, me too.  Very useful.

What kind of witchery is this?!?!?!
Since when has been this .io site up?

bonus example: https://bitcoinwisdom.io/grids/momlp0c1zlzq9q

[bitserve]

https://bitcoinwisdom.io/markets/bitfinex/btcusd

Mind blown.  I have been using bitcoinwisdom.com for the past 5 years...  

Lol, me too.  Very useful.

What kind of witchery is this?!?!?!
Since when has been this .io site up?

bonus example: https://bitcoinwisdom.io/grids/momlp0c1zlzq9q

You got to have all the answers, don't you?

Inb4 JJG comes here accusing you of having a team of people behind you.... ... oh ... wait!

[PoolMinor]

Hint -- What drives the price of diamonds?

My first guess would be hats...a perfect correlation (to the downside: as hats increase on WO, the price of btc decrease world-wide).

Re hint...De Beers & Russia?

Great!
How is the price of diamonds controlled? If close to one entity holds a commodity then they can control the market price via artificial scarcity.
Whereas BTC may have both, a patterned scarcity and a controlled scarcity.
The year of 2013 BTC saw 2 major price rises, 2017 saw 4 major price rises.

[El duderino_]

What do people here think drives the price of BTC (either direction) the most?

1. Adoption
2. Use methods
3. Scarcity
4. Technology
5. News
6. Rumors
7. This thread
8. Whales
9. Hats

And which are the most predictable events or follow a pattern?


Edit:
Hint -- What drives the price of diamonds?

10.JEWS