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

[JSRAW]

price is struggling to go above the blue trend line, and a bear flag is forming , another potential drop  incoming, this scenario will be invalid only if price close above the trend line which is less likely.

Not touching anything!

[Febo]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

Things had changed. Well they did not changed in last few days but in last 2 months. Before that the price mainly went down. Now in the last 2 months and in the upcoming months price will go up and down. This is a huge change.

[cAPSLOCK]

The artificial dump was fun, the organic rise that is coming next will be glorious.  

This is Bitcoin. This is a our new Bull Market. Embrace the action. Boredom will never be our fate.

When the dump happened I wondered if we would see a huge BSV rise soon after... I kind of wish I had posted when I thought it so I'd look extra geniusy.  

But I am wondering if the big seller(s) might not be a BSV insider?

[DeathAngel]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

Things had changed. Well they did not changed in last few days but in last 2 months. Before that the price mainly went down. Now in the last 2 months and in the upcoming months price will go up and down. This is a huge change.

We saw similar in 2015 as we were exiting the Gox induced bear market, we had pumps & everybody was excited but then just as quickly as we’d pumped we had soul crushing dumps.

This is all part of the process as we transition from bear to bull market.

I’m a seasoned HODLER now, we should all just relax. We know which way the market is heading even if it takes a while to get there.

[Last of the V8s]

meanwhile in the 'news' an old man yelled at bitcoin
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

You can’t teach an old dawg new tricks

Nah with him it's just his agenda. He needed the State, in fact practically was the State, to build his pile, and he knows Bitcoin will bring all these States down.

Anyway that expression irks me, because yes it's harder to learn as one gets older, but it depends more on open-mindedness and willingness to learn.

[jojo69]

Surely we can see with some degree of accurateness that this postulation bears a degree of accuracy while at the same time and notwithstanding however we can also posit that toxic's chart from a few pages back also exhibits the single whale theory with a surely more level of accuracy, where we witness the same amount of bitcoins being bought up at a low price thereinafter or later if you prefer that formulation being sold or perhaps indeed dumped at a higher or perhaps we could call it better price, notwithstanding the third theorisation that i personally have seen being bandied about these interwebs that it was all due to an ethereum whale buying up on bitmex setting huge walls and i personally suspect that this might have potential for being the most likely reason for the recent dumperunio because the volumes on mex for eth in the past week or perhaps we could more accurately term it 8 days haha show these large buys pumpening up the pricitudes and then dumping yesterday. so while we can say with a certain degree of accuritude that your assertional statement of out of our assitude has a reasonable ring to it we can also state that there are some figures and other datas on the interwebs which back up these rumorifications

A little out of line, it's not Thursday yet.

[jojo69]

How bias?

https://www.weforum.org/agenda/2018/12/24-cognitive-biases-that-are-warping-your-perception-of-reality?

raise you

cognitive bias codex

[Hueristic]

Thanks to micg for the original idea, and a huge thanks to xhomerx for translating that into something amazing:



Avatar-sized

Great job!
But made the hand to big!

[Lambie Slayer]

I love the smell of organic buying in the morning. 

[Hueristic]

There will only be 818,913 more bitcoin mined before the next halvening event.

That is only $3 billion worth of bitcoin.

Let bears enjoy a few extra percentage points.

Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller.

https://twitter.com/alecziupsnys/status/1099746204433506304?s=21

Shit I read the bolded and thought, Fuck I'm on the wrong page again!". Keeping up is a bitch especially when someone says the same thing from days ago!

[jojo69]

[Hueristic]

https://www.baltimoresun.com/business/real-estate/fl-bz-solar-powered-floating-home-20190214-story.html

HAHAHa, outrun pirates in that!

[BitcoinGirl.Club]

Venezuela is one of the cheapest places in the world (on record) to mine bitcoin because of the really cheap electricity prices. Anybody feel like going to live there for 12-18 months & setting uo a mining farm with me?

I heard living there is too risky there.

[BitcoinGirl.Club]

Without a sexy girl at the door it worth nothing 🙂

[jojo69]

rebart anyone?

[El duderino_]

rebart anyone?

Let the reBARTning begin

[Phil_S]

Without a sexy girl at the door it worth nothing 🙂

If you build it, they will come. :-)

[LFC_Bitcoin]

rebart anyone?

Let the reBARTning begin

[Toxic2040]

Good Afternoon WO. Sad news. We lost another good forum member:

RIP brother. See you on the other side.

+1 WOsMerit

Thanks..I had no idea he had passed. Sad news indeed. Stopped by and paid my respects.  RIP

----------------
Bitcoin

We are seeing a slow recovery from yesterdays dump and while the momentum is still bullish, the faithful remain cautious about jumping back onboard. I can hardly blame them after the drubbing we took yesterday.  
I am on my first cup of coffee and am feeling a bit blue about the loss of Zepher.  I will be back later with a more coherent report. We will remain strong and vigilant, even in our grief.  #btds  

1h


4h

#stronghands'19

[Last of the V8s]

https://twitter.com/DoveyWan/status/1100002158261428225
Jihan Wu is leaving Bitmain, starting a new company 🤯🤯🤯 multiple non-official sources said so ... according to various sources, the new company is more like a spin out of Bitmain (so far not sure of the equity ownership structure), with primary focus around BCH and Defi