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

[Toxic2040]

^yeah thought he was a maximalist. he probably does know lol

meanwhile the worm has turned.

I wonder if they have any opening for sh*tposters...   

I have no idea what you are talking about

meanwhile supermoons as recharging events. the worm is coming out of the ground.

It surely wasent you.  Hah!  I was implying myself except for the fact I am already twice retired...now I am just tired.    ...and dont call me surely.

[Last of the V8s]

how dare you call me not a shitposter? i came out of retirement just for this! you're not a shitposter! so hah!

[Raja_MBZ]

https://twitter.com/jack/status/1108487927078674432
Are you currently contributing to bitcoin-core or other crypto ecosystem projects for free in your off-time? We’d like to pay you to do it full-time. If interested, DM @SqCrypto, and follow for updates on our progress. Thank you!

[JayJuanGee]

...
Trading view has monthly...

https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD#

Thank you, I forgot to check tradingview. Here is a monthly chart for MACD, MFI and CCI:

But is that chart telling "us" anything meaningful about BTC's price future  (besides the long-term UP that "we" already presume)?  

That chart can't really tell "us" anything meaningful, but... just to me... (you might hate this   )
It suggests that we are in a correction of a larger order, like we already had a historical V, and right now it's historical (end-of-)A or historical B.
If we are in historical B, then later this year, the market could top at 10k$ - 12k$, followed by C (another ~3 years of bear market, down to ~1,500$).

hahahahaha... I don't exactly hate it, but I could call it "interesting" "mumbo jumbo"... so you gave the scenario for if "we" happen to be in an "historical B," which does not sound like a very good scenario, especially because such scenario results in prolonged prices lower than today's prices and also lower than the already December low of $3,122,  but what if "we" happen to be in a "historical A" instead of an "historical B," then what should we expect (not that I should believe any of this chart woo woo )?

By the way, does your "historical A" and "historical B" discussion points account for BTC's likely ongoing s-curve adoption? which likely results in exponential price rises through adoption? or do your "historical A" / "B" scenarios assume a certain level of BTC market maturity?

[Toxic2040]

how dare you call me not a shitposter? i came out of retirement just for this! you're not a shitposter! so hah!

reverse psychology gets em every time


--------

1h


4h

#stronghands'19

[mrdeposit]

how dare you call me not a shitposter? i came out of retirement just for this! you're not a shitposter! so hah!

reverse psychology gets em every time


--------

1h


4h

#stronghands'19

Aha, more place for upwards?
Bulls are impatient,bears are sad..

[JayJuanGee]

how dare you call me not a shitposter?

hahahahahaha

An admission from the V8.

[goldkingcoiner]

are we pushing for a pumperino? It seems like we are pushing for a pumperino.

I dunno man, $4,000 still acting as a tough nut to crack.

nut cracked, eaten.

are we pushing for a pumperino? It seems like we are pushing for a pumperino.

Not yet. No.

We're attempting to stabilize around $4k first.

I don't see the Bogdanoffs getting involved again, for several months, yet.

Those handsome bastards step in when you least expect it. I still say we pushing for a pumperino

[Tzupy]

...
Trading view has monthly...

https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD#

Thank you, I forgot to check tradingview. Here is a monthly chart for MACD, MFI and CCI:

But is that chart telling "us" anything meaningful about BTC's price future  (besides the long-term UP that "we" already presume)?  

That chart can't really tell "us" anything meaningful, but... just to me... (you might hate this   )
It suggests that we are in a correction of a larger order, like we already had a historical V, and right now it's historical (end-of-)A or historical B.
If we are in historical B, then later this year, the market could top at 10k$ - 12k$, followed by C (another ~3 years of bear market, down to ~1,500$).

hahahahaha... I don't exactly hate it, but I could call it "interesting" "mumbo jumbo"... so you gave the scenario for if "we" happen to be in an "historical B," which does not sound like a very good scenario, especially because such scenario results in prolonged prices lower than today's prices and also lower than the already December low of $3,122,  but what if "we" happen to be in a "historical A" instead of an "historical B," then what should we expect (not that I should believe any of this chart woo woo )?

By the way, does your "historical A" and "historical B" discussion points account for BTC's likely ongoing s-curve adoption? which likely results in exponential price rises through adoption? or do your "historical A" / "B" scenarios assume a certain level of BTC market maturity?

I did not write "historical A", but "historical (end-of-)A", meaning that I'm not sure if we have already completed the A, or we'll see a bit more down to complete A (all this assumes we are moving much slower than in 2014). In case we already completed A, we are now in B and should slowly climb towards the 4 of A, which is at ~12k$.
I don't care about S curve adoption, I see bitcoin similar to a multi-billion corporation with shitty R&D, so very bearish long term, if nothing changes for the good in R&D.

[Raja_MBZ]

https://twitter.com/jack/status/1108487927078674432
Are you currently contributing to bitcoin-core or other crypto ecosystem projects for free in your off-time? We’d like to pay you to do it full-time. If interested, DM @SqCrypto, and follow for updates on our progress. Thank you!

From the very first tweet of the thread:

#BitcoinTwitter and #CryptoTwitter! Square is ....

Interestingly, it seems like Jack wants to separate bitcoin from rest of crypto by calling:

Bitcoin = bitcoin
Altcoins = crypto

how dare you call me not a shitposter?

An admission from the V8.

Facts do not need admissions!

[Toxic2040]

Aha, more place for upwards?
Bulls are impatient,bears are sad..

The momentum is certainly building imho but we still have to decide how to deal with some end of the month shenanigans if I am interpreting the Cloud correctly. Best case scenario for bulls would be a sharp break above the 2.618 fib in the next couple of days to forestall a possible double top technical rebound at $4.195k. Otherwise some continued small ladder steps until after the first would bode well for further gains. Buy the dips and #dyor.

D

#stronghands'19

[Last of the V8s]

hahahahahaha

https://info.binance.com/en/research/marketresearch/crypto-correlations.html
specially for you
edit and raja

[bitserve]

No, Bitcoin is Bitcoin, crypto is everything, including Bitcoin, altcoins and shitcoins. He is using it right.

On other news... Slow and steady... yeah.

[btcbeliever]

... So, I think the most safe thing is to hodl until there is a need or a strong desire to pay for something useful with part of the stash like house, car, college for the kids, etc. And after the purchase, any proper opportunity to recover the stash should be used. If only all people were thinking like that, we could have avoided all these idiotic crashes. ...

in my opinion the most safe thing is to diversify when extreme fomo takes hold, when bitcoin looks historically overvalued, to sell maybe half, and purchase another kind of asset.  If you can sell anywhere near the top, with a 70-85% drop coming afterwards, it's really foolish to hold.  I've held through 2 big crashes, having bought in early 2013.  It's much better to sell high than to sell 'when you want to pay for something'.  Keep your portfolio diversified in different assets.  There's no guarantee with any investment, including bitcoin.   On this next anticipated runup, I hope to follow my own advice better.

It sounds like a perfect plan, except a little tiny itsy bitsy detail: Do you know what the top will be with an 100% certainty? Unless you have a time machine, I doubt it. In early 2017 the top was almost certain to be $1000, 3 months later $3000, then ... you know the drill. I got burned by that logic 5 times in 2017. If I was just holding, now after all crashes, I should have had 4 times more bitcoins than I am having now. In reality, if you sell with the hope of 80% gains, you will certainly sell at least 10% below the top, and if you got the luck to nail the momentary dip, you could get like 20-30% tops. And that, if you are extremely lucky! Besides, there is a risk leaving fiat on exchanges and 10-40% taxes if you withdraw to the bank account. So, I prefer to hodl in all the coming crashes. Bring it on, baby!

I hear you, the tax bite was a real psychological impediment for me to sell.  But you have to overcome it.  If you have looked at each run-up before the massive crash, you can see a kind of ridiculously rapid increase in price, that's the signal to be accelerating divestiture out of bitcoin!  Don't worry about the taxes, you still will be way ahead if you sell when people are climbing all over each other to buy.  You don't need to know the exact top.  once  you get to about 10-20 times the price of $20,000 you can't loose by selling off a significant percentage periodically as it continues up.  There are some good log charts of bitcoin price going back 5-10 years, you can eyeball it and tell when it's a better time to sell and a better time to buy.  It's not quick nor easy, but it's better than holding through these huge run-ups and crashes.

[xhomerx10]

^yeah thought he was a maximalist. he probably does know lol

meanwhile the worm has turned.

 In another 40 minutes or so me and my Sasuke hat are going to go out on the roof (I'm working nights again) and try to increase our Bitcoin Chakra in the light of the super worm moon using the moon symbol given to us by the Sage of the Six Paths and possibly some gravitational ninjutsu.

TL;DR moon soon

Edit: speaking of the worm turning

[JayJuanGee]

[ edited out]

I did not write "historical A", but "historical (end-of-)A", meaning that I'm not sure if we have already completed the A, or we'll see a bit more down to complete A (all this assumes we are moving much slower than in 2014). In case we already completed A, we are now in B and should slowly climb towards the 4 of A, which is at ~12k$.

Thanks for the clarification about the location in "historical A" or "end of".  So I think that I more clearly understand your thinking.

I don't care about S curve adoption, I see bitcoin similar to a multi-billion corporation with shitty R&D, so very bearish long term, if nothing changes for the good in R&D.

And, thanks for this explanation too.  I had thought that our last price surge to $20k might have zapped you out of some of your bearish skepticisms, but no problem... at least, if you disclose from where you are coming, then we will end up (likely) recognizing that you were wrong at some , when the s-curve exponential growth likely continues... and the spurt to $1.3k and then the next spurt to $20k should have been decent signs of such s-curve exponential growth/adoption. 

Anyhow, surely it is fair enough for you to have those kinds of skeptical views of BTC and even to invest accordingly (careful not to risk too much on shorting, rather than merely selling BTC), and when BTC prices move between $12k and $18k in the coming year or two, you might start to reconsider your thinking, even if there is likely going to continue to be a lot of price volatility in that $12k and $18k price range.

Maybe you will adjust your perspective, and maybe not.. that is your freedom.. and then when BTC prices go shooting past $20k (which is going to become much more likely once we get within about 20% of previous ATH.. maybe getting above $17.5k or so is going to cause a kind of likely unstoppable upwards momentum).... That shooting past $20k is likely going to bring us to at least into the $30k area (and hopefully beyond), that will provide another opportunity for you to reconsider the lack of s-curve adoption in BTC, from your perspective. 

hahahaha.. I would say, "sucks to be you," but you are likely going to have several opportunities in the coming years to adjust your views.. to become somewhat less skeptical.. and seems that you have done decently well in BTC investments in the past.. at least some of your calls seem to have been fairly decent, even if the long-term bearishness does not really seem to be represented in bitcoin's long view - even though there have been some bearish bitcoin periods, too (2014 for sure and 2018.. but overall bullish, if you consider the whole period 2013 to 2019 with at least 3x or more profits, depending on various entry points that are still quite UP)..

[600watt]

https://twitter.com/jack/status/1108487927078674432
Are you currently contributing to bitcoin-core or other crypto ecosystem projects for free in your off-time? We’d like to pay you to do it full-time. If interested, DM @SqCrypto, and follow for updates on our progress. Thank you!

From the very first tweet of the thread:

#BitcoinTwitter and #CryptoTwitter! Square is ....

Interestingly, it seems like Jack wants to separate bitcoin from rest of crypto by calling:

Bitcoin = bitcoin
Altcoins = crypto

(...)

indeed, very interesting. that could lead to way less confusion.

[LFC_Bitcoin]

Just woke up for a piss, blurry eyed checking phone - Over 4k - Happy days!
Now back to sleep

[JayJuanGee]

Just woke up for a piss, blurry eyed checking phone - Over 4k - Happy days!
Now back to sleep

Don't jinx us blurry head.

We are having a good time, here.

[Last of the V8s]

https://bitcointalk.org/index.php?topic=1954571.msg49365787#msg49365787
wow nice work
someone give us a quick run-down pls?