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Question: Closing BTC Price June 17:
$0 - 2 (1.6%)
<$6,500 - 7 (5.6%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.6%)
$7,001-$7,250 - 3 (2.4%)
$7,251-$7,500 - 6 (4.8%)
$7,501-$7,750 - 4 (3.2%)
$7,751-$8,000 - 12 (9.6%)
$8,001-$8,250 - 13 (10.4%)
$8,251-$8,500 - 6 (4.8%)
$8,501-$8,750 - 6 (4.8%)
$8,751-$9,000 - 11 (8.8%)
$9,001,$9,250 - 12 (9.6%)
$9,251-$9,500 - 15 (12%)
>$9,500 - 16 (12.8%)
$20,000 - 9 (7.2%)
Total Voters: 125

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21224770 times)
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marcus_of_augustus
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December 17, 2018, 10:05:53 PM


Correct. Luckily though 'most' of the world's population doesn't have any money, relatively speaking. ...

you, sir, have an odd definition of "luck"

Luckily (for bitcoin's adoption prospects) ... is the implicit definition from the context of the commentary.
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micgoossens
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December 17, 2018, 10:06:44 PM

People keep throwing this word "adoption" around like it actually means what they think it means.

Bitcoin has been around for nearly a decade now, and the only "adoption" happening with Average Joes is buying low and selling high, hoping to make a profit in fiat. As an investment, period. There's barely any actual e-commerce going on with Bitcoin, not of any magnitude or volume that you could call it real "adoption" with a straight face. Hell, there's barely any major merchant integration at all, and that is after almost a decade. And the actual economics overhead/AML/KYC of crypto actually de-incentivise people to use it for e-commerce.

So if it isn't happening with Bitcoin, then is sure as hell isn't going to be happening with any of the thousands of shitcoins that are out there either.

But with 10 years around and still being very succesfull.... it Will happen and when it happen many Will follow the trend

Gogog BTCBTC
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December 17, 2018, 10:08:48 PM


At first I was wondering who those were in the picture, but I see that the picture is a modified version from the article (after clicking on it).   Adam Back and Samson Mow, respectively.
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December 17, 2018, 10:10:16 PM

Looks like a lot of monero shitcoin shillers are in this thread as well. Guess they are too blind to see that shitcoin is dying a slow painful death, very low trading volume and it is already inflated by wash trading.  Barely anyone even cares about the privacy features either.  STICK WITH BITCOIN FUCK THE SHITCOINS

That is a very short sighted philosophy.

You should see them as complimentary. If crypto was an undiversified market with a bitcoin as a monopoly it'd be as dead as a doornail. There'd be no hedges, no sector-specialised entry points, a million "Nouriel Roubinis" waving goulish scare scenarious at you that could never be field tested and no subsidiary industry to "buffer" the capital transiting in and out of the  asset. Why is BTC not sitting at $500 right now ? Because it's being buttressed by Altcoin capital.

Altcoins probably attract far more value into bitcoin that what they take away. In fact many maximalists openly state that alts are "just a way to earn bitcoin" - hey ! they might be finally getting it.

P.S. Regarding Biodom's T/A above, I am of the "springback" view as well. Have been for a while due to the sharp correction we took shortly after the 20k peak. Given that there'd been a year of bubble building ( as opposed to 3 weeks like in 2013/14) I thought we over corrected. Add to that the Craig Wright "dumps" distorting everything, I wouldn't be surprised to see the "springback" scenario occuring.

sorry, that was alevlaslo's T/A, I just commented on it.
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December 17, 2018, 10:13:55 PM
Merited by mfort312 (1)

Some 'quick mafs' but caluation theory seems to be progessing: https://twitter.com/woonomic/status/1074615000587587589?s=19

The Bitcoin Story continues to be developped further and further.

Dont miss the weekly update: https://twitter.com/nlw/status/1074402477049552897?s=19
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December 17, 2018, 10:18:16 PM
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Did you have any comment on this, ChinkyEyes?  Presumably, you watched it before posting the link?  Just the title is questionable "crypto", but I did not watch it, yet to see whether there is any content worth 26 minutes of my attention.  Can you give some sense of it besides merely saying that it is "on Bloomberg"?

Not really worth watching unfortunately. I watch the mainstream media because I am curious what they are feeding the average joe. What I take away from the debate if you can even call it, is that the average joe will probably be confused and stay away from crypto until the next bull run starts.
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December 17, 2018, 10:20:56 PM
Last edit: December 17, 2018, 10:37:10 PM by jbreher

it goes in waves^ Cool

Yeah - we theorized that back in 2011 or so, confirmed it by 2013. And? What? It now has a new fifty-cent name?

 Roll Eyes
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December 17, 2018, 10:25:54 PM
Merited by Paashaas (1), infofront (1), bones261 (1), micgoossens (1), ivomm (1), dogebearman (1)

Greedy bears were waiting for a high volume bottom plunge that didn't come. I believe we already bottomed according to the not so common Rounding Bottom pattern https://tradingsim.com/blog/rounding-bottom/ that the herd was not looking out for. This fits neatly with the decline starting off with monster volume and plunging down more multiple times but at a slower rate and with weaker volume each time. Also its likely that Jimbo cursed us all behind our backs in a moment of weakness while Roach did speak to a Jewish girl(his last female contact till he meets and falls in love with Gembitz at the 100k party) and Searing has already panic sold a big chunk at the bottom. Goose and JJG publicly made their sacrifices(thank you kind sirs) but we may have to speculate about the clandestine actions of Searing, Roach, and Jimbo. All of these conditions met would assure the bottom is in. If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k  around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day.

Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........

after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts Kiss



Also for anyone waiting for the high profile ragequit/capitulation/ from a well known Bitcoiner.... well the Erik Finman "Bitcoin is dead" was about as good as it gets. This kid has been well covered by the media for quite some time as the "teenage Bitcoin millionaire." If you're waiting for Saifedean Ammous to declare Bitcoin dead before we hit bottom, sorry its just not gonna happen.



Still working on the Gembitz origin story screenplay. Conducting a lot of in depth research into her sad and messy life right now before the big reveal coming soon. Stay tuned frenz.
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December 17, 2018, 10:28:06 PM

In Bitcoin we do not have a massive adoption, it is progressing correctly, but it will take a few years, institutional investors are close, we need to optimize and make the process simpler for everyday users.

If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.


I think that your ideas are good in this post; however, it seems a bit problematic when you are describing matters in terms of "we need" blah blah blah...

Starts to sound like some kind of shilling piece that suggests that bitcoin has various deficiencies, when it does not.

Even though you chose some awkward language to express your ideas, you seem to recognize that development takes time, and perhaps there is a bit more of an organic process that is taking place in bitcoin.  Surely, bitcoin is in very early stages, and there are all kinds of developments and adoptions that are taking place and being experimented upon, so in that regard, many of us can appreciate that "rome was not built in a day."   Wink

Sorry, It can be my English level, "we need", I mean it has to reach the large mass of people and for this it has to be easy to use.
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December 17, 2018, 10:30:27 PM


Did you have any comment on this, ChinkyEyes?  Presumably, you watched it before posting the link?  Just the title is questionable "crypto", but I did not watch it, yet to see whether there is any content worth 26 minutes of my attention.  Can you give some sense of it besides merely saying that it is "on Bloomberg"?

Not really worth watching unfortunately. I watch the mainstream media because I am curious what they are feeding the average joe. What I take away from the debate if you can even call it, is that the average joe will probably be confused and stay away from crypto until the next bull run starts.

Don't get me wrong.  I definitely appreciate links that are provided, especially when they have to do with bitcoin price dynamics, even if they are couched in "crypto" terms, but sometimes it seems to be the duty of the more knowledgeable/experienced of us to provide a context for the links that we are providing, including the fact that mainstream media is likely continuing to engage in ongoing and sometimes subtle deceptions whether they are referring to bitcoin or crypto more broadly.  So, in that regard, sometimes it can be quite useful to comment upon the nonsense that they are spewing, just to later show how wrong they were and how bad their intentions seem to be.
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December 17, 2018, 10:34:47 PM
Merited by Lambie Slayer (2)

Greedy bears were waiting for a high volume bottom plunge that didn't come. I believe we already bottomed according to the not so common Rounding Bottom pattern https://tradingsim.com/blog/rounding-bottom/ that the herd was not looking out for. This fits neatly with the decline starting off with monster volume and plunging down more multiple times but at a slower rate and with weaker volume each time. Also its likely that Jimbo cursed us all behind our backs in a moment of weakness while Roach did speak to a Jewish girl(his last female contact till he meets and falls in love with Gembitz at the 100k party) and Searing has already panic sold a big chunk at the bottom. Goose and JJG publicly made their sacrifices(thank you kind sirs) but we may have to speculate about the clandestine actions of Searing, Roach, and Jimbo. All of these conditions met would assure the bottom is in. If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k  around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day.

Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........

after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts Kiss



Also for anyone waiting for the high profile ragequit/capitulation/ from a well known Bitcoiner.... well the Erik Finman "Bitcoin is dead" was about as good as it gets. This kid has been well covered by the media for quite some time as the "teenage Bitcoin millionaire." If you're waiting for Saifedean Ammous to declare Bitcoin dead before we hit bottom, sorry its just not gonna happen.



Still working on the Gembitz origin story screenplay. Conducting a lot of in depth research into her sad and messy life right now before the big reveal coming soon. Stay tuned frenz.


hey 13 BTC is not large (in my defense as panic'ing as a 9-year-old child (including the sobbing) I sold some Obelisk ASIC's (hey, panic) and got 4 BTC or so..which

cut my 'panic dump' down to 9 BTC from the previous 1st of Dec of 13 BTC..hey..its progress Smiley

(I just knew if I dumped from my BTC hoard..I'd save the BTC price in that it always bounces back..thou..it has to beat $3,965.20 USD for this to be true)

massive dump indeed...(hey, BTC honey, I just doubted you and cheated a 'little bit'

anyway, 13 BTC down to 9 BTC down is progress..now if BTC can just claw its way over $4k price again as a start...



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December 17, 2018, 10:37:10 PM

In Bitcoin we do not have a massive adoption, it is progressing correctly, but it will take a few years, institutional investors are close, we need to optimize and make the process simpler for everyday users.

If we compare it with a Smartphone it was invented in 1992, the first good Smartphone came on the market in 2005, with a number of users of 2%, 7 years later 54%, 11 years later 81%, today no one doubts that a Smartphone be a very useful gadget, Bitcoin will not take so long.


I think that your ideas are good in this post; however, it seems a bit problematic when you are describing matters in terms of "we need" blah blah blah...

Starts to sound like some kind of shilling piece that suggests that bitcoin has various deficiencies, when it does not.

Even though you chose some awkward language to express your ideas, you seem to recognize that development takes time, and perhaps there is a bit more of an organic process that is taking place in bitcoin.  Surely, bitcoin is in very early stages, and there are all kinds of developments and adoptions that are taking place and being experimented upon, so in that regard, many of us can appreciate that "rome was not built in a day."   Wink

Sorry, It can be my English level, "we need", I mean it has to reach the large mass of people and for this it has to be easy to use.

I merited your post because I had appreciated your effort to describe the current low adoption and slow development of the bitcoin space, and I believe that I largely understood your intentions.

Of course, since we are posting in English, in this thread, it does not hurt to continue to attempt to refine the quality of your posts through practice.   
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December 17, 2018, 10:39:10 PM

Well boys, did we just have a small bear trap close and trap those sneaky bears? I haven't seen one of those in quite a while.
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December 17, 2018, 10:42:17 PM

Good article but unfortunately only for Medium.com members: “Bitcoin and the Promise of Independent Property Rights” by Hasu https://link.medium.com/ewvJPkPtJS

Key take away:
"Civilization scales through cooperation, but cooperation between strangers is inherently hard. Social institutions can solve this prisoner’s dilemma and allow us to cooperate on a larger scale. At the bottom of the stack, we need a stable and benevolent monopoly on violence, to enforce the rules of the legal system and establish property rights. Until now, it was impossible to have strong property rights in places with a weak local government. Bitcoin does not depend on the existing system in any way and can give us the highest form of property rights, no matter who and where we are."

Those who think Bitcoin is done for will be in for a rude surprise.
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December 17, 2018, 10:42:43 PM

Greedy bears were waiting for a high volume bottom plunge that didn't come. I believe we already bottomed according to the not so common Rounding Bottom pattern https://tradingsim.com/blog/rounding-bottom/ that the herd was not looking out for. This fits neatly with the decline starting off with monster volume and plunging down more multiple times but at a slower rate and with weaker volume each time. Also its likely that Jimbo cursed us all behind our backs in a moment of weakness while Roach did speak to a Jewish girl(his last female contact till he meets and falls in love with Gembitz at the 100k party) and Searing has already panic sold a big chunk at the bottom. Goose and JJG publicly made their sacrifices(thank you kind sirs) but we may have to speculate about the clandestine actions of Searing, Roach, and Jimbo. All of these conditions met would assure the bottom is in. If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k  around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day.

Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........

after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts Kiss



Also for anyone waiting for the high profile ragequit/capitulation/ from a well known Bitcoiner.... well the Erik Finman "Bitcoin is dead" was about as good as it gets. This kid has been well covered by the media for quite some time as the "teenage Bitcoin millionaire." If you're waiting for Saifedean Ammous to declare Bitcoin dead before we hit bottom, sorry its just not gonna happen.



Still working on the Gembitz origin story screenplay. Conducting a lot of in depth research into her sad and messy life right now before the big reveal coming soon. Stay tuned frenz.

Haha hilarious  Grin

Quote
while Roach did speak to a Jewish girl(his last female contact till he meets and falls in love with Gembitz at the 100k party)

I really doubt it Bob is planning to invite both these dipshits to the 100k party  Grin
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December 17, 2018, 10:45:57 PM
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I really doubt it Bob is planning to invite both these dipshits to the 100k party  Grin


When you arrive you will discover that every single person on this thread was the Anti Semite apart from you.

Then it envelops you in its cloak and drags you to its sex van.
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December 17, 2018, 10:54:36 PM


I really doubt it Bob is planning to invite both these dipshits to the 100k party  Grin


When you arrive you will discover that every single person on this thread was the Anti Semite apart from you.

Then it envelops you in its cloak and drags you to its sex van.
I call bullshit, plus I bet roach would even wear a yamaka if it gave him a shot at fucking Gal Gadot.
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December 17, 2018, 10:54:51 PM
Merited by infofront (1)

EVERYONE PAY ATTENTION TO ME!

HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!

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December 17, 2018, 10:58:18 PM

$3,467

Fucking going down again.
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December 17, 2018, 11:02:53 PM

$3,467

Fucking going down again.


Price discovery happens.


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