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

[_javier_]

Purple line is MA Weekly 200.  Thicker purple line is projection.



Emptying out my Bitmex account and sending to cold storage.  My work here is done.  

Move a bit up and to the left the 2014 projection and you have a perfect match.

If you leave it as it is, theres one painfull wick down in the play.. which we dont want/need.. (pleeease)

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[Elwar]

Purple line is MA Weekly 200.  Thicker purple line is projection.



Emptying out my Bitmex account and sending to cold storage.  My work here is done.  

Move a bit up and to the left the 2014 projection and you have a perfect match.

If you leave it as it is, theres one painfull wick down in the play.. which we dont want/need.. (pleeease)

I think the most important thing we can learn from the bear market from 2014 is that Bitcoin died and was never heard from again. We all packed our bags and bought war bonds and got government jobs. Some of us ran for office where the real change takes place.

 

[dandannn]

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

Tried that many years ago, didn't work then, wont work now. Their loss.

[Elwar]

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

Tried that many years ago, didn't work then, wont work now. Their loss.

Yep. I used to point people to Coinbase just because most people asking are not very knowledgable so Coinbase is an easy way in.

Now I'll just send a link to the white paper. They will likely never ask again.

[El duderino_]

We're still at accumulation prices. Nowhere close to FOMO prices yet.

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

When the price shoots up and you start getting e-mails from people asking if they should get into "crypto", politely point them to some videos about the Federal Reserve, Austrian economics, etc. Then if they're still interested (knowing they get it)...then show them the white paper.

This is absolute right, there are many i care about that own BTC, as there are many i care about that absolutely doesn’t belief in BTC, few of them i Will see next monday
Yeah we Will always have naysayers but i wouldn’t mind it when they doesn’t wanna argue that its a scam or invisible worthless money etc, if there are people prefer to buy other things i do understand that, cause people have to feel comfortable with there investments
As long when they don’t make pointless assumptions/prejudices Then i don’t mind to much, but when they do laugh about BTC etc and i ASK for strong facts about what they say ..... no one can answer no more

[Cryptotourist]

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

Tried that many years ago, didn't work then, wont work now. Their loss.

It is very hard - if not impossible - to suggest/convince people that have no relative back-round specs, to go into BTC.
Partly because of it's social nature, and partly because it's very difficult to really understand. It requires effort & time, and usually both of these are limited.

[Totscha]

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

Tried that many years ago, didn't work then, wont work now. Their loss.

Yep. I used to point people to Coinbase just because most people asking are not very knowledgable so Coinbase is an easy way in.

Now I'll just send a link to the white paper. They will likely never ask again.

I explained Bitcoin fundamentals to my accountant. She knew nothing about it (or IT for that matter), but an hour later she was intrigued...

Tried explaining it to my coworker who is also a developer like myself. He knew a few things. A few things wrong. Refused to forget them and listen. I gave up after 15 minutes...

[Last of the V8s]

du fomo: https://www.bloomberg.com/news/articles/2018-12-18/crypto-mystery-clues-suggest-tether-has-the-billions-it-promised
et du fud: https://www.bloomberg.com/news/articles/2018-12-18/pros-are-ditching-bitcoin-market-as-interest-ebbs-jpmorgan-says

[bitmover]

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

Tried that many years ago, didn't work then, wont work now. Their loss.

I do not think it is a good idea to convince people to invest in anything.

Taking care of your money if your own responsibility, and it is a very personal decision. If someone asks my opinion, I will tell them. But gathering people to invest in BTC is risky, and it may cause problems in your personal life. A Friend or family member may make wrong decisions and lose money , and he will blame you.

For any kind of investment... Investment advice usually ends bad.

You could and should give certain people, who are interested, some information, and reading material. So they can make their own decisions

[Last of the V8s]

https://www.bitcoincashlitigation.com/

stupid but funny

unrelatedly   hodl meme is 5 years old today https://bitcointalk.org/index.php?topic=375643.0

[Icygreen]

I've been finding myself in quite a few deeper conversations lately about general state of the world and future speculation although I'm extremely hesitant to mention bitcoin for whatever reason. If I do, suddenly I morph into 18 year old Elder John bringing the good word to the world one doorstep at a time.   Can't be having that nonsense so I've been practicing speaking about my convictions without mentioning bitcoin or crypto. At least until they bring it up.  

[BTCMILLIONAIRE]

Here is an interesting opinion of Jim Rogers (which I completely disagree with, but i always like to listen to what opponents say):

https://youtu.be/tNSXWkApxU8?t=410

He basically says that if bitcoin/crypto would be successful, government can simply abolish it like England abolished scrip in the 30ies by making trading NOT in Bank of England notes (pounds) a TREASON.
Don't simply dismiss this, hopefully, wrong notion because he is an old fogie since this is Jim Rogers, again, who happens to know about commodity markets quite a bit.
He is not short, but not long either and acknowledges that he might be wrong in his skepticism.

I think that he is wrong because bitcoin provides a standard/reference point, is apolitical and not 'owned' by a particular government plus could accelerate the commerce in due course.
Being neutral would make it resistant to the moves that he described, unless there is cooperation among G20.
What do you guys think?

This would require a collaborate effort by every single government in the world of Economies that actually matter. Otherwise there will be individual countries not going that route, which would simply cause the windfall to exclusively benefit those that do not treat freedom of choice as treason.

In short, interesting to think about, but almost surely irrelevant when it comes to realistic outcomes.

[Last of the V8s]

Here is an interesting opinion of Jim Rogers (which I completely disagree with, but i always like to listen to what opponents say):

https://youtu.be/tNSXWkApxU8?t=410

He basically says that if bitcoin/crypto would be successful, government can simply abolish it like England abolished scrip in the 30ies by making trading NOT in Bank of England notes (pounds) a TREASON.
Don't simply dismiss this, hopefully, wrong notion because he is an old fogie since this is Jim Rogers, again, who happens to know about commodity markets quite a bit.
He is not short, but not long either and acknowledges that he might be wrong in his skepticism.

I think that he is wrong because bitcoin provides a standard/reference point, is apolitical and not 'owned' by a particular government plus could accelerate the commerce in due course.
Being neutral would make it resistant to the moves that he described, unless there is cooperation among G20.
What do you guys think?

This would require a collaborate effort by every single government in the world of Economies that actually matter. Otherwise there will be individual countries not going that route, which would simply cause the windfall to exclusively benefit those that do not treat freedom of choice as treason.

In short, interesting to think about, but almost surely irrelevant when it comes to realistic outcomes.

It is somewhat impractical to get every country to act together. onth UK and many places already have anti-extremism type laws against doing anything that threatens economic stability. They might be able to use that against us, even though it's what they actually do themselves all day every day.

[PoolMinor]

So Bitcoin rises by ~2% after falling ~84% and somehow everyone thinks that this bear market is over?

(0.02 * 19,666)= ~$400 + 3122= ~3500.

I also believe that the next intermediary top will be around 23-25 of December. Good chart.

[bitcoinPsycho]

So Bitcoin rises by ~2% after falling ~84% and somehow everyone thinks that this bear market is over?

(0.02 * 19,666)= ~$400 + 3122= ~3500.

I also believe that the next intermediary top will be around 23-25 of December. Good chart.

It’s ok the bear market is over

[Cryptotourist]

Here we go again  



*. always wanted to post that

[Last of the V8s]

"everyone"
sure it did get a bit too bullish here overnight, but so what?
bears are bores, ok? let us live a little
also there's plenty money to be made in a bear market just from the blips.
how far up are we going on this bounce?

[dandannn]

This is the time when you should recommend to people you actually care about to get into Bitcoin. Not just buy but understand it. (ie...send them a link to the white paper).

Tried that many years ago, didn't work then, wont work now. Their loss.

I do not think it is a good idea to convince people to invest in anything.

Taking care of your money if your own responsibility, and it is a very personal decision. If someone asks my opinion, I will tell them. But gathering people to invest in BTC is risky, and it may cause problems in your personal life. A Friend or family member may make wrong decisions and lose money , and he will blame you.

For any kind of investment... Investment advice usually ends bad.

You could and should give certain people, who are interested, some information, and reading material. So they can make their own decisions

Your quite right, i was focusing more towards passing on informative information rather than financial advise.

[LFC_Bitcoin]

Selling pressure dried up?
Bears exhausted & out of ammo?
Bottom finally in?

I think we’ll find out a lot within the next 3-4 weeks.

If we don’t dip below 3k in the next 3-4 weeks then I think the bottom is finally in & we’ll begin a long period of stability (perfect for accumulation) before we start the next bull run abouf 1 year from now.

Don’t miss out on the opportunity that the current price gives you to load up on cheap coins.
I’m not going to put a single penny into fiat savings for the next year, every month all my spare money is going into bitcoin (well spare money after drink & drugs).

[_javier_]

I refuse to accept that the trend change will come ONLY after a V bottom chart.

Maybe this month is bottom, and next month is slowly rise.