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

[jbreher]

^
Indeed only JJG Will fight with text of words @some point

Probably after 2 waters and a sparkling water....

JJG will be the MC for the party.

Facts are simple and facts are straight
Facts are lazy and facts are late
Facts all come with points of view
Facts don't do what I want them to
Facts just twist the truth around
Facts are living turned inside out
Facts are getting the best of them
Facts are nothing on the face of things
Facts don't stain the furniture
Facts go out and slam the door
Facts are written all over your face
Facts continue to change their shape

[Toxic2040]

1h

[realr0ach]

All the world’s silver has a lower market cap than XRP.

Which only shows you that digital shitcoins are one of the world's biggest bubbles and silver is one of the most suppressed, cheapest to buy, inverse bubbles.  The market cap of above ground, investment grade silver is also supposedly around $38 billion, not $17 billion.  If those people are claiming there's only 1 billion ounces of above ground silver now, then get ready to see an absurd GSR like 10:1, 5:1, 2:1, or 1:1 for a while after metals rise.  Everything I've seen shows there's closer to 2.5 billion or so, though.  But that's about the same amount of above ground gold, so it's way more scarce than people think regardless.

[realr0ach]

Was $9K the top for a while? Kind of an ugly failure.....and now price has melted back into the previous range. Never a good sign. Maybe it's time to go back to $6K like masterluc was predicting.

Wasn't this masterluc guy predicting it would go to $100k when it was $20k and then it went to $3k instead?  This is what happens when you create charts pretending what you're charting is a penny stock and the price can just go anywhere, when in reality, the market cap of Bitcoin is already mindbogglingly enormous and can't be moved up without massive amounts of money flowing into it.  You can't create ridiculous charts showing the price going upwards at a 45 degree angle forever when it requires the entire GDP of Mexico to move it up a few bucks.

[NeuroticFish]

Was $9K the top for a while? Kind of an ugly failure.....and now price has melted back into the previous range. Never a good sign. Maybe it's time to go back to $6K like masterluc was predicting.

Although the timing is not great for my plans, a small correction for refueling is normal.
No need for getting negative because of this. We'll see more "halts" like this until the next ATH, whether it'll be 50k, 100k or more.
The 6k sounds low though. I would not like that. (Although everything is possible.)

It has fallen to 8k Thursday too and returned to ~8700. I'll stay optimistic it'll get back there easily.

[LFC_Bitcoin]

Was $9K the top for a while? Kind of an ugly failure.....and now price has melted back into the previous range. Never a good sign. Maybe it's time to go back to $6K like masterluc was predicting.

I guess it was an expected correction, similar happened during the last cycle in 2015. You can't just keep going up, up, up, up, up without some pull backs. People take profits, all we’re doing is taking a breather.

Nothing to worry about, it’s maybe time to buy the dip.

[realr0ach]

I guess it was an expected correction

An "expected correction" doesn't involve Chinese scammers raising the price with ridiculously obvious cliff face rise candles and then the exact same volume being dumped at the top.  Why do shitcoiners try stupidly hard to avoid calling it what it is?  A Chinese pump and dump scam.

[HairyMaclairy]

Test of the 30 MA.  Bronze line is 30 MA

[El duderino_]

I guess it was an expected correction

An "expected correction" doesn't involve Chinese scammers raising the price with ridiculously obvious cliff face rise candles and then the exact same volume being dumped at the top.  Why do shitcoiners try stupidly hard to avoid calling it what it is?  A Chinese pump and dump scam.

Tha r0ach still doesn’t realise ....! We love tha Chinese pump and dump scam we all are those Chinese!

That Said the party only 92,110$ away

Only a small % Bitcoin wise....

That Said me crawling out the HODLsleep!

[Toxic2040]

I guess it was an expected correction

An "expected correction" doesn't involve Chinese scammers raising the price with ridiculously obvious cliff face rise candles and then the exact same volume being dumped at the top.  Why do shitcoiners try stupidly hard to avoid calling it what it is?  A Chinese pump and dump scam.

Tha r0ach still doesn’t realise ....! We love tha Chinese pump and dump scam we all are those Chinese!

That Said the party only 92,110$ away

Only a small % Bitcoin wise....

That Said me crawling out the HODLsleep!

nothing to see here.




----
good mornin goose.

[dyask]

Low prices cause demand destruction if the only use case was speculation. Just saying...

All the world’s silver has a lower market cap than XRP.   LOL. 



http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

 
In my children's lifetimes ... Silver will be to worthless to try and use as a store of value.   There will simply be too much of it.   Already silver has lots of issues as a store of value.  Gold probably as more time left than silver as a store of value.   (Not that is really used for that anymore.)  

[El duderino_]

I guess it was an expected correction

An "expected correction" doesn't involve Chinese scammers raising the price with ridiculously obvious cliff face rise candles and then the exact same volume being dumped at the top.  Why do shitcoiners try stupidly hard to avoid calling it what it is?  A Chinese pump and dump scam.

Tha r0ach still doesn’t realise ....! We love tha Chinese pump and dump scam we all are those Chinese!

That Said the party only 92,110$ away

Only a small % Bitcoin wise....

That Said me crawling out the HODLsleep!

nothing to see here.




----
good mornin goose.

Good then morning routine as usual when on a trip, sunny coffee time

[StartupAnalyst]

Good morning, WO`s Gang!

A little bit about BTC and rock climbing...

[Phil_S]

I would probably go running nude in the middle of the traffic screaming doom!

And you wouldn't normally do this kind of thing?  

[JSRAW]

and that's just the most recent outbreak, there was a larger discussion on it about two weeks ago when the story first came out

My mistake, I missed it. Thanks for pointing out. Don't hesitate to point out in case I am repeating the same silly mistake; I know you won't. hehe

I'm a dick, I know

Well, I can't argue with that too. you are always right, and most of the time you are spot on.

[Phil_S]

I know I am not the first one to point out the following lines.  I'm pretty sure Hairy has had some very similar doodling, perhaps others as well, so I am not claiming authorship here, but I want to point out to any Wall Observers that have failed to notice the apparent influence of these;

Yeah, it's great for long term. I've been following that trend for years:

https://bitcointalk.org/index.php?topic=178336.msg51148717#msg51148717

My support line connects 2015.10.01 and 2016.10.01 as both were quiet, low price/low volume days.

[El duderino_]

BTC= so undervalued!

[LFC_Bitcoin]

I guess it was an expected correction

An "expected correction" doesn't involve Chinese scammers raising the price with ridiculously obvious cliff face rise candles and then the exact same volume being dumped at the top.  Why do shitcoiners try stupidly hard to avoid calling it what it is?  A Chinese pump and dump scam.

Tha r0ach still doesn’t realise ....! We love tha Chinese pump and dump scam we all are those Chinese!

That Said the party only 92,110$ away

Only a small % Bitcoin wise....

That Said me crawling out the HODLsleep!

We discussed the r0ach at dinner with our girls before the game on Saturday. I don’t think he would like to know what we said about him

[JSRAW]

I guess it was an expected correction

An "expected correction" doesn't involve Chinese scammers raising the price with ridiculously obvious cliff face rise candles and then the exact same volume being dumped at the top.  Why do shitcoiners try stupidly hard to avoid calling it what it is?  A Chinese pump and dump scam.

Tha r0ach still doesn’t realise ....! We love tha Chinese pump and dump scam we all are those Chinese!

That Said the party only 92,110$ away

Only a small % Bitcoin wise....

That Said me crawling out the HODLsleep!

We discussed the r0ach at dinner with our girls before the game on Saturday. I don’t think he would like to know what we said about him

So Mr r0ach is now household name how many WO members talk about another member at dinner time? My guess is 0 .

But Mr r0ach is exceptional case.

[ProfTP]

7770

 that would be an awesome new higher low for Bitcoin