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

[mike4001_]

OK, this was kind of to expect.

[bitserve]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

4k is in the upper part of the trading range we could be in for at least a year. 3200 is the lower part atm.

Maybe a year is too long term. I am still expecting for some bull run in Q4 that could propel us even as high as over $6K. Unless the bear market gets extended more than the last time, which is also a possibility.

[LFC_Bitcoin]

$350 drop in price within 10-15 minutes. Not the best viewing, planning to buy tomorrow though so thanks for the cheap coins. Dumb ass bears!

[mindrust]

I told u not to get excited, we've seen this movie so many times before

call me when we're back to 6000

I don't know if you picked that number randomly but that's the exact price point we need to hit first to trigger the next bull run.

https://i.ibb.co/6N3RFjR/ddee.png

If we make it to above $6k somehow, we'll find ourselves at $20k in a few weeks (or months more likely) maybe and $100k will happen even faster.  It took 6 months to carry the price from $1k to $6k and it took only 2 months to make it to $20k from $6k in 2017.

Sorry I just had to quote myself.

Look at the beauty of that graph. Just look at it. It tried to go above that purple line 3 times before it went to 20k. Before 2016 (around october 2015), mid 2016 and feb/mar 2017 (didn't reach the purple line though, came close). And it was the 4th try which succeeded. (you can see the 4th try as the continuation of the 3rd try since they happened in a very short time)

That's how it happens. We need to try that resistance levels various times first and I am sure It won't be the first try which is going to succeed.

[Majormax]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

4k is in the upper part of the trading range we could be in for at least a year. 3200 is the lower part atm.

Maybe a year is too long term. I am still expecting for some bull run in Q4 that could propel us even as high as over $6K. Unless the bear market gets extended more than the last time, which is also a possibility.

Could be. I am working on the assumption that the bottoming processes are becoming longer in each successive bear market, as the whole market matures. That would also chime with the larger amount of optimism (contrarian) that we still see, compared to this stage in 2014-15

[becoin]

$3800 is excellent buy opportunity!

[bitserve]

Soooo.... no ATH today?

Nope. Be glad if we regain $4k.

4k is in the upper part of the trading range we could be in for at least a year. 3200 is the lower part atm.

Maybe a year is too long term. I am still expecting for some bull run in Q4 that could propel us even as high as over $6K. Unless the bear market gets extended more than the last time, which is also a possibility.

Could be. I am working on the assumption that the bottoming processes are becoming longer in each successive bear market, as the whole market matures. That would also chime with the larger amount of optimism (contrarian) that we still see, compared to this stage in 2014-15

Agreed. There's still too much optimism. I understand the fundamentals are way better than in the past bear market, but still. There's also a good bunch of whales with hundreds of millions in BTC value that maybe want to cash some here and there.

On the other hand, we are still following the past bear market graph very closely. The bear market didn't ended with an uninterrupted pump, much on the contrary. The corrections were YUGE.

[Majormax]

If we make it to above $6k somehow, we'll find ourselves at $20k in a few weeks (or months more likely) maybe and $100k will happen even faster.  It took 6 months to carry the price from $1k to $6k and it took only 2 months to make it to $20k from $6k in 2017.

Those are the figures from the 2017 final run to ATH. It won't be anything like that, because, when we get to 6k next, it wont be close to the final bull run. The move from 6k to 20k could take another year of ups and downs, and 6k will not be inviolable either.

For a better comparative forecast, I would suggest (only a very rough speculation) the take-off comes from 35k and gets to 90k in a few months , in 2022 or 2023. Until then , its a relatively slow grind.

[kenzawak]

planning to buy tomorrow though

Same here. Tomorrow or Tuesday depending on when the transfer gets through.

[criptix]

Well surprise buttsex is surprising....

[bitserve]

As ugly as this correction looks, it is good for the long term.

[d_eddie]

Had to make a call to set the record straight. Sorry for the wall.

Me: Dad, help me out with this one because I'm a bit confused, would it be fair to say that ancient Sparta was a patriarch society or a matriarch society?

(detailed self-correction snipped)

The Universe is female in nature Ibian. It gives birth to things.

http://www.nostimonimar.gr/the-future-is-female/
https://el.wikipedia.org/wiki/%CE%9C%CE%B7%CF%84%CF%81%CE%B9%CE%B1%CF%81%CF%87%CE%AF%CE%B1
https://en.wikipedia.org/wiki/Minoan_civilization
https://en.wikipedia.org/wiki/Amazons

See you on Monday now, my WO fuckers. Have  good weekend with many many green dildos.

Intellectual honesty is to be rewarded IMO. Merited (and I'm running quite low by now).

[xhomerx10]

 Same old, same old.  Let's see what Monday brings

[d_eddie]

I sold the whole lot a little over 4k.

Actually, it was a little lot. A leveraged long I started when smelling bulls coming our way. This is being a good weekend. Thanks, my dear.

I just managed to close the matching short too. Snug snug snug snug.

[bitserve]

I sold the whole lot a little over 4k.

Actually, it was a little lot. A leveraged long I started when smelling bulls coming our way. This is being a good weekend. Thanks, my dear.

I just managed to close the matching short too. Snug snug snug snug.

Congrats!

[d_eddie]

(chickenfeed)

(blabla) allows anyone to feed chickens by making an onchain BCH tx. But I guess some are destined to be followers.  

Can't you really see why that specific "service" is way more appropriate to be done in L2?

Sure. It's appropriate for L2 if your L1 isn't up to the task.

No. You are always carefully ignoring that an onchain tx not only consumes bandwidth and cpu power (which is mostly irrelevant unless we are talking of several orders of magnitude more tx's) but accumulated historical storage.

I am not ignoring it. I am merely treating it as irrelevant. Because it is.

On the contrary, it is very relevant. I much prefer the LN "clean sweep" approach, because it leaves things squeaky clean when the channels are closed. It's not only a matter of computational efficiency. Can't you see the privacy implications? I'm sure you can. Your technical prowess and articulate arguing make you come across as a malicious shill rather than a fool in denial.

[d_eddie]

tc: never got any merits for your squiggles and memes, so please accept this meme in small tribute

This post reveals a deep understanding of the feline mind. Did you make it or find it? I admire you anyway.

EDIT Oops, fat finger! Merited twice. To new participants: sorry - the second one was meant for one of you

[ivomm]

Wow, that was brutal. Just finished my lunch, and started watching MU vs Liverpool, when this shit happened. What was that - some hodler/miner who waited for 1 month to return to above 4K area to sell thousands BTC? Or someone feels too powerful and continues to manipulate the market? Anyway, that n00b(s)  registered 10% loss. Let's punish the n00bs by BTFD! Next week I will get my salary and buy moar.

[Biodom]

nice while it lasted
fortune's arrows fall again
bitcoin would be fine

[bitserve]

tc: never got any merits for your squiggles and memes, so please accept this meme in small tribute

This post reveals a deep understanding of the feline mind. Did you make it or find it? I admire you anyway.

The feline mind in some ways is not much different than ours, specially when childs. I remember the extreme joy huge cardboard boxes (like ones of fridges) provided me. It could be anything you could imagine from a magical cave, a vehicle (to run stairsdown) to an "spacecraft"

That being said, my cats also love their rope scratcher tree, in a different way.