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

[El duderino_]

C'mon guys - massive volume spike down to $2900 then bounce hard.  We can do it!

Then i prefer it to happen when i’m @the HODLcave...... and a 1 night event

[GreekGeek]

is Kraken working for you guys?

Never had problems there

keep getting cloudfare page, is it this busy?

[jbreher]

https://twitter.com/peterktodd/status/1082594754376990720
Very interesting possibility: the supposed ETC reorg attack might not have actually happened (and could happen on ETH). Big dangers in how so few people actually run nodes on ETH: easy to find critical nodes and Sybil them, and little independent evidence of WTF happened.

was an eclipse attack, really - see thread

jbreher, please educate Peter Todd on why nodes don't matter. Thanks

If Todd wants to engage on the topic, I'm game.

Are you asserting that Todd is asserting that mining power is not what caused the recent ETC rollback attacks? That would be a short discussion. Ultimately unsatisfying.

[Globb0]

[El duderino_]

Most Guys talk it had to go down and if to X point and Then a breakout= bullish....

But what if its the oppossite? A sudden PUMP to 5K-ish ...... what would mean something as that

HM?

[kurious]

I don't understand the fud, sure we went off a fucking cliff or two today but this doesn't mean we're going to have a new bottom.

I am not FUD'ing. I still hold my coins and I am not dumping a satoshi till I reach my target price. (or net worth) And I'll keep buying no matter what the price is till I accomplish my goal.

I am just preparing myself (and the other people who read WO) for a real capitulation.

$3.5k is no where near of a bloodbath to name it "capitulation". Sub $2k is.

I agree with you Mindrust. I do not believe we have seen capitulation yet. I am happy to accumulate coins in the 3-4k range.However I think there is a good chance at sub 2k for a very short period of time. ( based on my charts )

I don't think so, there's too many eyes on Bitcoin, sub 2k just seems dramatic. We are already experieced something close to 85% drop in price, that's pretty fucking heavy.

A few months ago, I'd have disagreed, I had buys set down as far as $1500, just in case. Now I think it's soon going to be too late to go to the 2K level, if it was coming it should have happened by now. 

There is a fair chance that this dip may turn out to be this year's low.  Meaning if we get beyond mid-January without going lower, it's the signal the bear market is done.  I wasn't actually sure that just above 3K was the real low, I have been waiting for January to see what happened (given its history).

It is even possible by this time next week, especially if we do not break below 3122, we will have already (if imperceptibly at this time) seen the end of the bear's grip on the market and the new bull will be here to start the long march up to the new ATH.  I think quite possibly, it's time.

[marcus_of_augustus]

https://ocean.builders/the-worlds-first-seastead-is-in-the-water/

World's first seastead is in the water.

check this out ...
https://newatlas.com/so-fold-float-shelter/57961/

i think there are other house-boat, flaoting structures already out there you can just tow out to anywhere ... hell, just buy some abandoned freighter, super-yacht whatever floats and has okay living quarters and space and tow it to the location. Those flotels (floating hotels) the rigs use when under construction can house >1000 person, there's sure to be some used /old examples of those around that can be had for a few bitcoins.

https://www.google.com/search?q=flotel+image







I think they are overthinking it, people just want a P.O. Box number and small apartment to establish a residency in international waters ....

[julian071]

https://ocean.builders/the-worlds-first-seastead-is-in-the-water/

World's first seastead is in the water.

check this out ...
https://newatlas.com/so-fold-float-shelter/57961/

i think there are other house-boat, flaoting structures already out there you can just tow out to anywhere ... hell, just buy some abandoned freighter, super-yacht whatever floats and has okay living quarters and space and tow it to the location. Those flotels (floating hotels) the rigs use when under construction can house >1000 person, there's sure to be some used /old examples of those around that can be had for a few bitcoins.

https://www.google.com/search?q=flotel+image







I think they are overthinking it, people just want a P.O. Box number and small apartment to establish a residency in international waters ....

Wouldn't want to be in one of those in a storm.....

Offtopic: Kraken down for me too (cloudflare).

[El duderino_]

https://ocean.builders/the-worlds-first-seastead-is-in-the-water/

World's first seastead is in the water.

check this out ...
https://newatlas.com/so-fold-float-shelter/57961/

i think there are other house-boat, flaoting structures already out there you can just tow out to anywhere ... hell, just buy some abandoned freighter, super-yacht whatever floats and has okay living quarters and space and tow it to the location. Those flotels (floating hotels) the rigs use when under construction can house >1000 person, there's sure to be some used /old examples of those around that can be had for a few bitcoins.

https://www.google.com/search?q=flotel+image







I think they are overthinking it, people just want a P.O. Box number and small apartment to establish a residency in international waters ....

You weren’t posting much..... but here is the LAST of that enourmous stash you provided me with


But can’t keep them long

[jbreher]

Another good thread on the ETC eclipse attack:

https://twitter.com/hosseeb/status/1082815549132816384?s=21

Suggestion is that this was actually an attack on Gate.io

Conspiracy theory number B: This attack was actually perpetrated by someone aligned with that Proof of Proof initiative that LotV8s posted a few pages back.

[Deeyoh]

Well, it's not looking to good.  171 Million in longs liquidated in the past 24 hours on bitmex alone.   Over 15k shorts have covered without many liquidations this month.  I sold a bit early while it was rising but it's now below my sell price.  Go figure, it's almost too easy to accumulate.  

[jbreher]

Shapeshift layoffs - bullish

https://medium.com/@ShapeShift.io/overcoming-shapeshifts-crypto-winter-and-the-path-ahead-73f59bb8cf13?

I don't see how ShapeShift laying off could be interpreted as bullish. Kind of predictable, given the recent market action. And hardly unique, in the space.

OTOH, Erik's letter strikes me as a very well-written assessment of the situation, and seems to successfully strike an optimistic tone. It should serve to lessen the sting of those let go, and beneficial for ongoing staffing needs.

[gentlemand]

I don't see how ShapeShift laying off could be interpreted as bullish. Kind of predictable, given the recent market action. And hardly unique, in the space.

OTOH, Erik's letter strikes me as a very well-written assessment of the situation, and seems to successfully strike an optimistic tone. It should serve to lessen the sting of those let go, and beneficial for ongoing staffing needs.

I think it's KYC what did it for them. That's a double hammering. He says they were dropped by plenty of services because of that. It was probably the only move he could make though.

[HairyMaclairy]

Shapeshift layoffs - bullish

https://medium.com/@ShapeShift.io/overcoming-shapeshifts-crypto-winter-and-the-path-ahead-73f59bb8cf13?

I don't see how ShapeShift laying off could be interpreted as bullish. Kind of predictable, given the recent market action. And hardly unique, in the space.

OTOH, Erik's letter strikes me as a very well-written assessment of the situation, and seems to successfully strike an optimistic tone. It should serve to lessen the sting of those let go, and beneficial for ongoing staffing needs.

If it looks like capitulation, talks like capitulation and walks like capitulation...

[Toxic2040]

wth is that thing on ur face bro?

itsafeature.jpg

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notsureifserious.jpg

notusuallyno.jpg

[HairyMaclairy]

Most Guys talk it had to go down and if to X point and Then a breakout= bullish....

But what if its the oppossite? A sudden PUMP to 5K-ish ...... what would mean something as that

HM?

We are still in the bear market until we break the long term bear line, shown in yellow.  The bear line currently sits at $4550 and is falling.  So yes, a pump to $5kish would be extremely bullish because it would mean that we had broken the bear market, at least temporarily.  Keep in mind we temporarily broke the bear market by going sideways at $6k, so breaking the bear line is not good enough, you also have to stay above it.

Right now we have a problem with a mini bear line forming at $4100 below the main bear line.  This creates a secondary, albeit weaker point of resistance.  

Don't forget to watch volume, it is almost as important as price.  Ideally we want to see huge volume to seal the bottom of this bear market.   

[jbreher]

(Cue smugness from jbreher in 3... 2... )

::**smugness intensifies**::

XD

[El duderino_]

Most Guys talk it had to go down and if to X point and Then a breakout= bullish....

But what if its the oppossite? A sudden PUMP to 5K-ish ...... what would mean something as that

HM?

We are still in the bear market until we break the long term bear line, shown in yellow.  The bear line currently sits at $4550 and is falling.  So yes, a pump to $5kish would be extremely bullish because it would mean that we had broken the bear market, at least temporarily.  Keep in mind we temporarily broke the bear market by going sideways at $6k, so breaking the bear line is not good enough, you also have to stay above it.

Right now we have a problem with a mini bear line forming at $4100 below the main bear line.  This creates a secondary, albeit weaker point of resistance.  

Don't forget to watch volume, it is almost as important as price.  Ideally we want to see huge volume to seal the bottom of this bear market.   

So short for ..... GIVE the goose a good old WEEKENDPUMP

[jbreher]

No.  Actually most of us (try to!) ignore him.  For us this thread is only 47 pages long too.

Kinda takes the air out of the sails for page count parity, though.

[jbreher]

I care as much about that trust thing as I do about the merit system. Which I use sorta like a "like" buttom and it made me hero and stuff, but other than that is just a feature of the forum which is even more meaningless to me than a %1 volatility of Bitcoin which is what I really care about.

[like]