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

[Lambie Slayer]

yeah.. you need help.  You seem to be way too emotional in both your trades and your posts.  Surely, there are some posters, here, who are going to be willing to hold your hand through some of this emotional turmoil that you are going through.  So, I do feel a little bit sad for you allowing your book to cause so much emotion upon yourself, but you are not the only person participating, reading or posting in this thread, so in my humble bumble opinion, situations like yours can and should serve as learning examples for others rather than a bunch of peeps just feeling sorry for you..

Im not emotional with my trades,  Im fucked off with the constant bear images and memes at the bottom and all the, trains, rocket ships, some kids cartoon memes when it's clearly overbought.    Wether that's intenional or not i find it anoying, because I think it is intended to make people take emotional trading decisions.

Trade less, hodl more. I looked back at some of your old posts and wasnt long before I found you saying other coins would come along and replace King Bitcoin, so maybe find something you really believe in and hodl that. Anyway man, a blown up trade sucks for anyone so best of luck in the future.

[gentlemand]

Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times..

You knew perfectly well that he had zero interest in responding to any other reasoning than his own so I completely tuned it out. He was like a telescreen droning to himself in the corner of your living unit in Victory Mansions.

[MrFreeRoMan]

Can anybody tell me how to claim bitcoin sv? Is it from BTC or BTC cash?

BTC cash
https://bitcointalk.org/index.php?topic=5070999.0

[Lambie Slayer]

he still hates on twitter. i used to harass him there before bcash boyz got me banned.

https://twitter.com/JorgeStolfi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

That geezer mystified me. At certain points he must've been putting in 12 or more hour days on here and on Reddit for weeks and months on end. All that effort achieved precisely - fuck all.

Hopefully he'll go senile so he won't be consumed with regret at all that irreplaceable time he set on fire.

Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times..

Yes, he could have spent all that time taking online surveys and invested the money in Bitcoin and been a millionaire by now. I hope sound money brings so much prosperity we cure senility and he has to live his whole life in lucid clarity at how bad he fucked up.  >:(A bit mean, sure, but he is one of the few nocoiners that really deserves to suffer.

[infofront]

Is this despair?

https://www.tradingview.com/chart/BLX/Ry8aWuoY-Bitcoin-Market-Cycle-Final-Leg/

[jonoiv]

I don't buy the "new money" argument.

Have you heard Tom Luongo's latest commentary on that subject ? I think it's very interesting and analytical. Will drop you in at the interesting bit but the whole thing is worth listening to IMO.

i'll take a look tonight.  thanks

16:30 he shares his instincts on what's happening w/ Bitcoin which may resonate with some.

Just watched it,  he talks of Fib,  which is what i use more than anything else.  

Now hes saying 10 to 11k then a big correction,  I think it's already upon us when we hit 9100.  time will tell.  

since passing 6666 we had 10 red and 10 green days. the green days were obviously stronger, that could change

[LFC_Bitcoin]

he still hates on twitter. i used to harass him there before bcash boyz got me banned.

https://twitter.com/JorgeStolfi?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

That geezer mystified me. At certain points he must've been putting in 12 or more hour days on here and on Reddit for weeks and months on end. All that effort achieved precisely - fuck all.

Hopefully he'll go senile so he won't be consumed with regret at all that irreplaceable time he set on fire.

Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times..

Yes, he could have spent all that time taking online surveys and invested the money in Bitcoin and been a millionaire by now. I hope sound money brings so much prosperity we cure senility and he has to live his whole life in lucid clarity at how bad he fucked up.  >:(A bit mean, sure, but he is one of the few nocoiners that really deserves to suffer.

Stolfi was/is a massive bellend.

[Toxic2040]

Reflecting back on it..he sure knew how to get under ones skin. He has the honor of being the first person I ignored on this forum. People seriously baffle me at times..

You knew perfectly well that he had zero interest in responding to any other reasoning than his own so I completely tuned it out. He was like a telescreen droning to himself in the corner of your living unit in Victory Mansions.

the cats meow


-----


1h

[LFC_Bitcoin]

Well, that $9k didn't last very long, huh ?  

Not an entirely unexpected dump.

Ahhh, it’s all good Bob. We have to test new highs & suffer expected dumps/corrections on the way up. It’s sll part of the process as you already know

We’ll get there in a couple of years & we’ll laugh at even the thought of a 4 digit priced bitcoin.

[StartupAnalyst]

Can anybody tell me how to claim bitcoin sv? Is it from BTC or BTC cash?

I hope you're asking me to get rid of this shit?

Hello WO`s !

[JayJuanGee]

  But all the alts,  surely like the dotcom bubble vast numbers of the alt coins need to die.   It's a world of shit with a few diamonds.  And no gaurantees what coins will survie,  im sure there needs to be a mass cull in the next few years.  

Yeah right.  

A lot of us BTC hodlers wish that a lot of the altcoins will die, and many of us, just like you, recognize that almost all of them are overinflated and scams, but if you are betting your BTC stash on some kind of rationality or some kind of purging of shit that "must happen" then you are failing/refusing to accept a decent amount of the irrational reality of the world in which we live.

In this regard, you may be completely logically correct, but you are ignoring actual momentum and other phenomena that affect BTC prices, beyond logic (and beyond simple one cause explanations).

I just refuse to see the simple path to 50k that everone else it seems to see as quite the easy ride.

Stop misconstruing.  No one is asserting that the path is going to be without corrections, including acknowledging that BTC prices could go down before up.
 

I honestly belive 2020 and the rest of 2019 will be the cull years. where countless coins are wiped out, and I honestly think it needs to happen.  

Sounds like a stretch, but fair enough.  That kind of prediction is not beyond reason, except for the part that such culling "needs to happen," which seems to place too high of a certainty on something that is likely further from certainty than you are making it out to be. 
 

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Who gives any shits?  We are talking about bitcoin, not your inability to focus... that causes you to buy shit coins (that may have happen to have been profitable for you).
 

If you're correct i will bow down, say sorry you were right,  

What would I have been right about?  I am not asserting anything, except for saying that you seem to be placing too much certainty into outcomes that you would like, which seems to be pretty obviously causing a decent amount of stress upon you.
 

Im not too proud to admit when im wrong.  

Well, you are going to be wrong when you make predictions.. Being wrong comes with the prediction-making territory.
 

But im convinced this pump is a scam, or at least an effort to avoid a long bear market.  I don't buy the "new money" argument.

Well, sure it is possible that this whole upwards price movement that broke above $4,200 on April 1 and has not really significantly corrected for any meaningful amount of time is a fake out or a bull trap...


Seems like a stretch of wishful thinking, and you surely are entitled to having your opinions and speculation about what is going on, even if such scenarios seem a bit far fetched, at least during our current BTC price dynamics - and maybe if BTC prices go below $5k, then I might come to give higher chances to your scenario, but it seems that even now, there is likely to be a decent amount of support between our current price of a bit above $8,400 and $5k.. so it will take a while to get below $5k, if that is where we are going.

[Toxic2040]

  But all the alts,  surely like the dotcom bubble vast numbers of the alt coins need to die.   It's a world of shit with a few diamonds.  And no gaurantees what coins will survie,  im sure there needs to be a mass cull in the next few years.  

Yeah right.  

A lot of us BTC hodlers wish that a lot of the altcoins will die, and many of us, just like you, recognize that almost all of them are overinflated and scams, but if you are betting your BTC stash on some kind of rationality or some kind of purging of shit that "must happen" then you are failing/refusing to accept a decent amount of the irrational reality of the world in which we live.

In this regard, you may be completely logically correct, but you are ignoring actual momentum and other phenomena that affect BTC prices, beyond logic (and beyond simple one cause explanations).

I just refuse to see the simple path to 50k that everone else it seems to see as quite the easy ride.

Stop misconstruing.  No one is asserting that the path is going to be without corrections, including acknowledging that BTC prices could go down before up.
 

I honestly belive 2020 and the rest of 2019 will be the cull years. where countless coins are wiped out, and I honestly think it needs to happen.  

Sounds like a stretch, but fair enough.  That kind of prediction is not beyond reason, except for the part that such culling "needs to happen," which seems to place too high of a certainty on something that is likely further from certainty than you are making it out to be. 
 

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.

Who gives any shits?  We are talking about bitcoin, not your inability to focus... that causes you to buy shit coins (that may have happen to have been profitable for you).
 

If you're correct i will bow down, say sorry you were right,  

What would I have been right about?  I am not asserting anything, except for saying that you seem to be placing too much certainty into outcomes that you would like, which seems to be pretty obviously causing a decent amount of stress upon you.
 

Im not too proud to admit when im wrong.  

Well, you are going to be wrong when you make predictions.. Being wrong comes with the prediction-making territory.
 

But im convinced this pump is a scam, or at least an effort to avoid a long bear market.  I don't buy the "new money" argument.

Well, sure it is possible that this whole upwards price movement that broke above $4,200 on April 1 and has not really significantly corrected for any meaningful amount of time is a fake out or a bull trap...


Seems like a stretch of wishful thinking, and you surely are entitled to having your opinions and speculation about what is going on, even if such scenarios seem a bit far fetched, at least during our current BTC price dynamics - and maybe if BTC prices go below $5k, then I might come to give higher chances to your scenario, but it seems that even now, there is likely to be a decent amount of support between our current price of a bit above $8,400 and $5k.. so it will take a while to get below $5k, if that is where we are going.

is it just me or does it feel like several paragraphs are missing?

for the record

FO JJG

[mindrust]

Since 2017, I've been following these famous filbfilb charts;
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/
https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/

I don't remember where I got that one from, but this might be the better version of filbfilb's TA:


https://www.tradingview.com/script/xdPkShYr-Bitcoin-non-linear-regression-curve-REAL/

This was NOT drawn by hand. This was calculated based on btc prices from 2010 to 2018. More than 60 different equations were tested and refined and ranked. This one is the best.

just got all the price historical price action, normalized, ran through a series of tests to find the best curve that fits. Then, got the formula and created the script using it in pine script

Looks like $40k might be the next ATH, $50k at best. Care to take a look and tell me what you think? Is he too conservative? Or realistic?

[LFC_Bitcoin]

We’re testing support at $8,500. Let’s see if it holds.

[jojo69]

.0028175 BTC confirmed

LFC is a man of his word

[LFC_Bitcoin]

.0028175 BTC confirmed

LFC is a man of his word

I don’t say I’ll do something if I’m not going to. I’m a man of my word, you have to be on this place.
Enjoy

Edit - Also BTFD gentlemen!

[Hueristic]

.0028175 BTC confirmed

LFC is a man of his word

Hah, forgot about that and checked LTC price! I can't read either.

[Last of the V8s]

Wahay the lads. It was never in doubt. What a result. Jojo coming in from behind there with a scorcher. Nice follow through from LFC. Makes up for all today's (unrealised) losses.

[Toxic2040]

Since 2017, I've been following these famous filbfilb charts;
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/
https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/

I don't remember where I got that one from, but this might be the better version of filbfilb's TA:


https://www.tradingview.com/script/xdPkShYr-Bitcoin-non-linear-regression-curve-REAL/

This was NOT drawn by hand. This was calculated based on btc prices from 2010 to 2018. More than 60 different equations were tested and refined and ranked. This one is the best.

just got all the price historical price action, normalized, ran through a series of tests to find the best curve that fits. Then, got the formula and created the script using it in pine script

Looks like $40k might be the next ATH, $50k at best. Care to take a look and tell me what you think? Is he too conservative? Or realistic?

A couple of posts from the beginning of the year. Maybe a bit conservative...dunno.

Repost of a classic chart (source unknown):

Leading up to halving price starts to move. Maybe it's different this time.

Looks different..  It has hit the '3000 in October 2019' level way earlier than that chart shows.  So 2023 looks pessimistic, but we will find out in time.  I think the price will be significantly above where we are now by autumn this year.  No ATH, but higher by a good deal.

New ATH? Sometime between late 2020 and late 2021, if the relationship to the halving and the roughly four year cycle holds.  YMMV.

This is my take on that chart that infofront posted after some consideration. I think the next peak will be in the 2nd half of '21 in December. If this is any indication then we will have one week between now and mid-summer of fairly extreme volatility that will make a yearly ATL before trending upwards. Many assumptions and a fair amount of bias here so do your own research.
W

#stronghands

Ack..heading for $8.2k and the o.382 long fib.
W

#stronghands'19

[jojo69]

never a dull moment