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

[El duderino_]

Last year I was a millionaire (in dollars).

And Maybe now a more inceased position in BTC?
Better BE

[1714827470]

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[Karartma1]

Last year I was a millionaire (in dollars).

And Maybe now a more inceased position in BTC?
Better BE

Not much Mic, not as planned.
I had quite a few unexpected expenses that required some fiat money that then I was not able to re-acquire and re-invest.
I am good anyway since with the current prices I should have a bit more time 

[kenzawak]

Still in Hong Kong today.
I'm a bit disappointed with my investigations.
It turns out I couldn't find any place that accepts BTC as payment. Also, some ATMs have disappeared as well.



My first stops were on Cameron Rd. in Kowloon.
There's a tailor there named Raja Fashion who was supposed to accept BTC... well he doesn't anymore. 
Same disappointment with the "Chic Oyster Bar". There should have been an ATM there, well they took it out. 
More luck with my next stop, an ATM nearby located on Kimberley Rd. in a toy shop named Color Rich.



General Bytes ATM

[kenzawak]

Then I walked on the famous Nathan Rd. where I found a few more ATMs.
First one was in the lobby of the Prudential Hotel, on the side of the front desk, a bit hidden.

[kenzawak]

There was also this one... and no Starbucks doesn't accept BTC here. It's just that the ATM was next to the famous shop at the Nathan Hotel.

[kenzawak]

I also wanted to check a Bitcoin accessories shop named "too free to fail" but apparently... it failed at staying in business.
So my last stop was another ATM on Nathan Rd. in the W Plaza... actually there were two ATMs in there !

[HI-TEC99]

Cryptopia's the first exchange of 2019 to get hacked.

https://twitter.com/Cryptopia_NZ/status/1085084168852291586

[mOgliE]

We know of how much?

Significant doesn't mean anything :/

[P_Shep]

How are exchanges still being hacked these days? Have lessons not been learnt?

[Cryptotourist]

We know of how much?

Significant doesn't mean anything :/

Maybe:

The announcement didn’t specify the amount of the damages.

However, 43 hours ago, an ETH transaction took place, seeing 19,390 ETH moving out of Cryptopia’s tagged wallet to an unknown address. The value of the ETH transferred is a little more than $2.5 million.

How are exchanges still being hacked these days? Have lessons not been learnt?

When you ask something like that, think of r0ach

[HI-TEC99]

We know of how much?

Significant doesn't mean anything :/

I found this in the comments. I'm not sure if they lost Bitcoins too.

https://twitter.com/whale_alert/status/1084442862970945536

19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet Tx: https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae

[bikerleszno]

We know of how much?

Significant doesn't mean anything :/

3,5 mil usd for sure in BTC and ETH

[bikerleszno]

We know of how much?

Significant doesn't mean anything :/

I found this in the comments. I'm not sure if they lost Bitcoins too.

https://twitter.com/whale_alert/status/1084442862970945536

19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet Tx: https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae

[mOgliE]

We know of how much?

Significant doesn't mean anything :/

3,5 mil usd for sure in BTC and ETH

Ok thanks.

A few millions isn't too bad. Won't have any big market consequences.

[D. Lerk]

Welcome to participation, D. Lerk.  

Regarding your AMA statement, what has been your BTC investment strategy since 2012?   Have you bought/sold any?  Did you get distracted by any other cryptos?  Have you changed your strategies over the years?  or have you been scared out of bitcoin based on various FUD over the years?

Basic strategy has been to view bitcoin as a far-out-of-the-money put on the dollar (as the reserve currency, the one with the most to lose) with no expiry. Whats not to like about that? Very little cost to hold compared to the potential upside.

Bought more at key confidence building points, when it seemed to me that chance of survival, or even success, increased. For example, the non-collapse after the SR takedown and crucially for me, when the US decided to auction seized coins. This is rarely mentioned, but I think those auctions were a huge 'mistake' by TPTB. From their pov, they should have destroyed the coins - instead they literally legitimised BTC.

Sold about 3% in the 5-digits for treats, but not out of scale to general lifestyle.

Played a little with alts, missed ETH though (didn't like the too-slick build-up) now just XMR. Dumped the forks for one-sixth stash boost (thanks Roger). Thought BCH an obvious take-over attempt by the corps and China and would rather have sunk with the ship than be pwned by Jihan, the CCP and fvckin Calvin forcrissakes. Surprised that jbreher bought in, respected the guy.



edit: Hi Toxic2040, and thanks for the charts. I like that you present a range. 3 shades of grey, as it were.
edit: thanks Globb0, you can be a funny guy

[Globb0]

I wonder what exchange they use. Don't tell me they use finex.

Absolutely no way in hell are they using a wild crypto.

The article repeatedly references 'blockchain' and nothing but.

there are all kinds of off the shelf commercial blockchain shit. I posted a few years back there is an option to add one into azure.

[kurious]

Bitcoin bottomed around 0400 hours GMT on 14 January 2015.  

We are now past that time in this cycle.  If the fractal holds, we have bottomed.  

I just bought again. 

I agree with your conclusion, but on one minor point, the absolute bottom of the cycle was the probably the low on Dec 15 (3122 on Stamp).  That said if the Jan 14th proves to be the lowest point this year, you are correct in the thrust of what you say - that the turning point has been reached. It was certainly the point to look out for and pass by.

I do agree with you, as you know and am glad to see your (superior) TA-based analysis confirms my own feelings and crude trend calculations.  I have also been buying, cancelling my low-ball bids and transferring in all available fiat to mop up what I can before the end of Jan.

It will not be significantly profitable in the short term, although I do think going over 10K before the end of this year is actually very possible (by early November, to stick my neck out).

All this is based on rough overlays of 2015 to now, which have thus far proved sufficiently close to be worth betting on.  November '15 saw a spike up to over 3x the January low that year, but it was a choppy ride to there, see charts for details.

I doubt we will see an exact overlay, as if it gets any closer it will be front run, or disrupted.  But so far...?   

DYOR.

[Globb0]

Im nowhere on the centralised trustles default pseudo trustlist (2nd layer)

my name is mud

[kenzawak]

It is said that the Crytptopia hacker could be the one who also hacked etherdelta in 2017 :

https://decryptmedia.com/4495/cryptopia-hacked-etherdelta-2-5million

[HairyMaclairy]

One point of clarification - I was referring to 14 January in 2015 being the bottom for the prior crypto winter, so if we follow the template we have passed the point of most danger for this year.

But yes agree that if the template holds then $3122 was the bottom for 2018 - 19 crypto winter.  Which I am very pleased I bought - if only a little bit because god it felt like shit at the time.

The theory here is that we are slightly front running our previous cryptowinter, so I think we are closely aligned in our analysis.  

Do we dare call a bottom to this cryptowinter? Let’s see what next week brings.

But I think we can start establishing a tentative hypothesis that the 2018/19 winter bottomed at $3122.   We still have at least 6 months of sideways chop ahead of us.  We can still retest the 200 weekly MA as it is rising all the time without breaking $3122 so long as we only test it lightly.    200 Weekly MA is now at $3250 so that support line is gently rising.