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

[El duderino_]

Mmmm

Bottom is always for every asset the same.... its just that asset itself, if nobody want it Then its 0 or in silver case just the silver itself and for BTC just my amount of BTC

But i do believe people Will like to work with BTC cause of the endless benefits of it....
Always easy start , fast, cheap, super safe etc

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[Last of the V8s]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

[HairyMaclairy]

time for a 5.1kg wrench attack

AirPods for scale

Mrs V8s wonders whether Mrs MacLairy possesses a hoover or similar device and whether she knows how to use it.

I assume this is a reference to the unmentionable black splodge. Which would require a particularly powerful Hoover.   Preferably one that can warp space time.  Given that the black splodge is the shadow of my arm and phone.

[Last of the V8s]

Apparently the whole carpet needs hoovering, not so much from dirt but for evenness and fluffiness. Perhaps you sent your maid back to Vietnam for the holidays and don't get too involved in these niceties.

[dandannn]

I would say that quote is bollocks.

How many people across the world own a piece of gold jewellery or a gold coin?

Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)

As much as I love bitcoin, got to agree with markj113 on this one.

There really is some nonsense writers on twitter

[HairyMaclairy]

I shan't argue with my betters.  Also, she's right.

[Last of the V8s]

Quite the rejection there at 3642

[BroFistCoin]

Okay so we have concluded that this was, like most of you believed, a bull trap.

The fear and greed index has reached to the extremes now!

My personal favorite chart is the 6M with daily candles:
https://bitcoincharts.com/charts/bitstampUSD#rg180zigDailyztgSzbgBza1gEMAzm1g10za2gEMAzm2g25zi1gMACDzi2gRSIzi3gSStoch

By the looks of it there's still some down movement to be expected.
Moving averages are crossing.
Price has moved in the middle of a sideways moving bollinger bands tunnel.
Pretty much everything is in the middle now.
MACD divergence is going lower and lower.

Is everyone just waiting?

When you change the daily to weekly it's insanely oversold. Especially the slow stochastic indicator.
On the weekly there is a doji after a huge drop followed by a bull candle.

I am not a professional trader but it looks to me that we can go lower to test $3000 again, but later in 2019 is where the real fun begins.

What do you think?

[Last of the V8s]

^ think you're far better at charting and interpretation than anything else you've shown on this forum

[Last of the V8s]

she's a silly moo

[El duderino_]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

And thats just the worst case scenario

[HairyMaclairy]

she's a silly moo

If dinner tastes of slightly bitter almonds, stop chewing.  

[Totscha]

she's a silly moo

If dinner tastes of slightly bitter almonds, stop chewing.  

Yeah, just swallow it immediately

[Last of the V8s]

look here my marriage is absolutely fine, i'm not even coughing up blood, i smoke like a chimney anyway so it's probably just that
and the burning is just ambition to be free from government
man

[mOgliE]

I would say that quote is bollocks.

How many people across the world own a piece of gold jewellery or a gold coin?

Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)

Completely agreed.

You can't on one hand be proud of the "1 million club" explicitely telling how centralized bitcoin is, and on the other hand saying that's it's more decentralized than gold.

Gold is everywhere, everyone owns a bit of it.
People own much more gold than cryptos on average I'd dare say.

And btw gold has a real world pragmatic usage, something that bitcoin doesn't.

[STT]

Everyday i’m more convinced you really like the WO peoples with being here, am i right on that fact?

Everyone loves an audience and its true enough to say nobody gives a dam about silver or gold in wider population but pretty much everyone in the world has now heard about Bitcoin and blockchains and crypto to at least some small extent.

From a contrarian point of view, the precious metal bugs have the upper hand on price to bullish prospects I guess.  Thats presuming we'd have that larger audience take part in any buying, at present the long term buyers are central banks on net over a decade.  Thats big but people always matter more

We are in a digital world now so its just got alot easier and accessible to take interest in crypto to some extent.   Assaying into holding precious metal and with the idea it somehow relates to monitisation, thats not a commonly held belief now.   Maybe 1 in a thousand or less and I'm including people who grew up holding silver coins as money in their hands

I'm not on anyones side in this argument, all kinds of alternatives are possible and quite probable but which is most useful and reliable will likely be a major part of where markets divert to.   Presuming we are even right about a cyclical change to the whole bretton woods story thats been playing out my whole life, apart from Satoshi perhaps Im not sure anyone exactly has a clue or really got a firm handle of what is going to be a driver for FIAT to proper value.   Maybe the future is SDR, the IMF and everything else bows down to a new master under UN agreement.    I'm against extreme views, diversity is the best bet to avoid capital losses

[El duderino_]

belgium news.... everything thats gonna change from januari....
just the same as every year BEER getting more expensive (BOB better come when they are still on the cheap, phone-internet-TV getting more expensive, ambulance transport more expensive, house visit of a doctor more expensive,
Banking via BNP Paribas Fortis is becoming a bit more expensive for some. A series of rates goes up. Furthermore, the bank also charges extra costs for managing inheritances that are not yet settled within twelve months after a death. A series of rates is also being raised at ING.
etc

the usual everything goes up

same as for all you guys i guess so BTC follow that trend and go up as well

[Last of the V8s]

God Frankopan ('The New Silk Roads') swallows the China fomo as if China was a thing (China is barely a thing).
But this was lol: China Belt&Road promising trillions of dollars for roads, railways, ports, plants in 80 countries, while UK's major infrastructure achievement 'has been the opening of the new southern entrance at Leeds railway station'.

And in further Britain wtf https://twitter.com/JimMFelton/status/1075871993482895361

[El duderino_]

https://twitter.com/Cryptanzee/status/1078653152600227842

he makes real fun stuff man hahaha

[El duderino_]