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

[El duderino_]

via Imgflip Meme Generator

[realr0ach]

If you have not already solved it, a picture would be worth a thousand words

https://www.reddit.com/r/MGTOW/comments/a6nhfi/after_taking_the_red_pill/

[infofront]

By the way, we're having a terrific NY party, and we offer nice welcome perks: open bar for ATH's!
Just in case you're considering...

He is definitely not coming. Couldn't make it. He has sent us some Xmas gifts though:

I want this under my tree Santa!

It would be worth it just to see the look on my wife's face, if nothing else.

[infofront]

 We could to be just about close to bottom.




1- The 50 Moving Average on the monthly chart has only been tested twice and price never closed under it.
2-The last bear market of 2014-2015 we had almost exactly 85% drop from ATH which meets the target of the current value of the 50MA

I believe we may have to correct "harder" in this bear market than ever before. This is due to the flattening curve in the logarithmic regression line that we seem to be following.



As time goes on, it takes greater corrections to get back to the line because the line is becoming more horizontal.

[El duderino_]

Today is 17 December.  1 year anniversary of peak @$19,683. 

But what Will be its next 17december price ?

Mmmm Maybe thoughts for a NEW game after NEW year
HM giving good ideas

[GHCoins45]

I also have a decent computer beside those miners creating Bitcoin vanity addresses

Is this still a thing?

[realr0ach]

I believe we may have to correct "harder" in this bear market than ever before. This is due to the flattening curve in the logarithmic regression line that we seem to be following.

That would be the scenario like I posted the other day below, which would probably be something like a flash dump to $1850ish then rebound to $2500.  However, it gets pretty comical when most of these big miners have similar costs of production, so a scenario occurring that goes below all of their costs of production and wipes out all these datacenter miners would plunge the price further.  Nobody is going to buy $1850-$2500 bitcoins if all the big miners bankrupted and you can just mine one for like $1000 or less.  Chart comparing previous and current pump and dump:

Did you ever take this scenario into account?

[wayna]

We have a very flat opening this week.

That's curious...

[HairyMaclairy]

Longs on a crowded trade.  Long squeeze?

[realr0ach]

Since this market is boring, here's dumb women posting on Reddit.  Archive before it was deleted:

"Guys never want to commit to me (F20) (self.dating_advice)"

http://archive.is/EEZje#selection-1707.298-1819.424

[birr]

I believe we may have to correct "harder" in this bear market than ever before. This is due to the flattening curve in the logarithmic regression line that we seem to be following.

That would be the scenario like I posted the other day below, which would probably be something like a flash dump to $1850ish then rebound to $2500.  However, it gets pretty comical when most of these big miners have similar costs of production, so a scenario occurring that goes below all of their costs of production and wipes out all these datacenter miners would plunge the price further.  Nobody is going to buy $1850-$2500 bitcoins if all the big miners bankrupted and you can just mine one for like $1000 or less.  Chart comparing previous and current pump and dump:

Did you ever take this scenario into account?

If I may play the devil's advocate, the first step took a little more than a year from beginning of bull, through blow-off top, to capitualtion.
More than two and half years have passed now since beginning of bull on the second step, and we're waiting for the final capitulation.
If there's anything to all the graphs that show square-root, logarithmic historical trends and so forth, that would be in keeping with the greater height of the second step.

[realr0ach]

If I may play the devil's advocate

Did you want some more doom charts that show contrary to people's claims, bitcoin may have already ramped up about as high as it will go, and if it does ramp up again, it would be nowhere near the idiotic numbers people claim?

[VB1001]

Nice:
GP Bullhound, Saxo Bank Predictions Show Institutional Investors Could Be Crypto Industry’s Saving Grace For 2019 Bounce Back.

https://bitcoinexchangeguide.com/gp-bullhound-saxo-bank-predictions-show-institutional-investors-could-be-crypto-industrys-saving-grace-for-2019-bounce-back/

[RivAngE]

Nice:
GP Bullhound, Saxo Bank Predictions Show Institutional Investors Could Be Crypto Industry’s Saving Grace For 2019 Bounce Back.

https://bitcoinexchangeguide.com/gp-bullhound-saxo-bank-predictions-show-institutional-investors-could-be-crypto-industrys-saving-grace-for-2019-bounce-back/

By "2019 should be the year institutional capital flows into cryptocurrency” I wonder if they mean they'll buy real coins from the market (aka exchanges) or if they'll buy/short futures!
What could it be.... what could it be...

[LFC_Bitcoin]

Nice:
GP Bullhound, Saxo Bank Predictions Show Institutional Investors Could Be Crypto Industry’s Saving Grace For 2019 Bounce Back.

https://bitcoinexchangeguide.com/gp-bullhound-saxo-bank-predictions-show-institutional-investors-could-be-crypto-industrys-saving-grace-for-2019-bounce-back/

By "2019 should be the year institutional capital flows into cryptocurrency” I wonder if they mean they'll buy real coins from the market (aka exchanges) or if they'll buy/short futures!
What could it be.... what could it be...

There’s no point shorting a market which will soon have been shorted to fuck for nearly 12 months.
There’s a lot more room for upwards price movement than downwards.



This is my 11,000th post & where better than my favourite thread.

Accumulate whilst the price is this low gentlemen. HODL ON !!!!!

[El duderino_]

Nice:
GP Bullhound, Saxo Bank Predictions Show Institutional Investors Could Be Crypto Industry’s Saving Grace For 2019 Bounce Back.

https://bitcoinexchangeguide.com/gp-bullhound-saxo-bank-predictions-show-institutional-investors-could-be-crypto-industrys-saving-grace-for-2019-bounce-back/

By "2019 should be the year institutional capital flows into cryptocurrency” I wonder if they mean they'll buy real coins from the market (aka exchanges) or if they'll buy/short futures!
What could it be.... what could it be...

There’s no point shorting a market which will soon have been shorted to fuck for nearly 12 months.
There’s a lot more room for upwards price movement than downwards.



This is my 11,000th post & where better than my favourite thread.

Accumulate whilst the price is this low gentlemen. HODL ON !!!!!

Congrats.... seems yesterday when you posted the 10.000th post celebration
Probably the spicy down movement Made you post a few more Posts as well
But we can insure that when the upward movement is gonna start.... the Posts Will be flowing as crazy to, meanwhile stuck@ Toulouse AirPort boring AF
Should of stay a few days longer

Come on HOPIUM and pump the corn UP

[Last of the V8s]

Ok, from the poll it seems that most people thinks we have not yet reached the bottom. So... maybe we have?

I would say all the weak hands are already gone. I would be more worried about weak whales now.

Talking about whales... it has been some time since Bitcoin doesn't have any new whale, has it?

I mean, people like Tim Draper during the past bear market, etc....

Any new one this year?

Don't really know what you mean, but CZ has reportedly made a few bob recently. #safu

[realr0ach]

Gonna need to downgrade the v8 to a Honda soon.

[El duderino_]

Gonna need to downgrade the v8 to a Honda soon.

via Imgflip Meme Generator

??

[realr0ach]

Micgoossens, stop being a faggot and go overthrow your Jewish controlled Belgian govt that just signed the UN migration pact in an attempt to destroy your country and simultaneously exterminate white people (also known as The Kalergi Plan).