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

[Last of the V8s]

Baidu (Chinese Google) searches are way up though apparently; saw an article saying 'the east leads' or somesuch

[criptix]

So is this finally the one pump to end all dumps because institutional money is finally flowing into the ecosystem?

We need some OTC stats - whether it's booming or dried up completely.

I dont think that anyone can provide accurate OTC data.

Atleast i never found i legit source for that over all the years (localbtc is just a fraction of OTC deals).

/edit

Baidu (Chinese Google) searches are way up though apparently; saw an article saying 'the east leads' or somesuch

Oh yeah, i hard about china too, it was regarding bitcoin usage to bypass capital controls.

Maybe the trade war is actually very good for BTC?

[EatonABooger]

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Merited for making me laugh. I'm borrowing the jbreher rule.

'Make me spew? Get a merit!'

wait.. what ??  giving bogus "doom is going to consume us all" type predictions gets you merits?   Don't give the kid in the store a treat when they are acting bad.   You guys are rewarding bad behavior.

[gentlemand]

I dont think that anyone can provide accurate OTC data.

I know. Someone needs to keep an OTC trader in a kennel so they can tap them for data in return for a belly rub.

[Toxic2040]

thanks for the accurate numbers. I see that it is counted from the decline, not from the previous run-up.
yet, the numbers are similar (16.1 vs 15.8K)

Its good to remember that fibs are but echoes on the chart. There is no spoon.

A couple km yet to go..and its mostly up.

peace

[d_eddie]

The good news:

The bull is really on fire  


The bad news:

A real correction should come in soon, it is very unusual that after a 400% runup in 2,5 months every dip is bought up with big strength.

I do not believe we will see ATH in July, thus i will be closing all my longs and prepare for a real big judas candle.



Overall, a correction would be healthy now, though its bitcoin and we could see ATH by next month lol.

Stops yes.  Close no.  

Trying to pick the top in advance is a recipe to exit and FOMO back in.  Let the market take you out of your position, not the other way around. 

Good advice from Hairy as usual.

Disclosure - I am actually manually adjusting a trailing stop on my long position, lifting it up as we go along.

I also have a short position (badly suffering of course), but it's small, so the net balance is green by a good deal.
My idea is - when it corrects, the stop will sell off enough of the long to remain slightly long on the whole, and I will cash out some profit. As (if) it keeps goes down, I'll also close the short a bit at a time, scraping off a little more.

If I were to close everything as it is now, it would be like ~+2.8% on my play money. I'm playing it very safe. Regular behavior would have made me like 5%, and with a little boldness it would be more like 10%.

[serveria.com]

well i think that we'll see dump action soon ... price correction have to be done !

YOU FUCK OFF !!!

we'll see )

OMG Baawb we're doomed this guy knows something! 

[jojo69]

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Merited for making me laugh. I'm borrowing the jbreher rule.

'Make me spew? Get a merit!'

wait.. what ??  giving bogus "doom is going to consume us all" type predictions gets you merits?   Don't give the kid in the store a treat when they are acting bad.   You guys are rewarding bad behavior.

back to the shallow end of the pool noob

[d_eddie]

Jeez...I go away for a day or so and now I have to have another FOMO/PUMP party and play the music because BTC is over 12K now.

Damn, better play my music again and theme song: Secret Agent Man

https://www.youtube.com/watch?v=nGZ0ntpSx2Y

Obviously, This playlist thread below is the reason Bitcoin is pumping, so it is all on me to continue the fomo/hodl/pump party

Add your own fomo/pump/hodl music to my thread on this: https://bitcointalk.org/index.php?topic=5157131.msg51604550#msg51604550

https://bitcointalk.org/index.php?topic=5157131.msg51611076#msg51611076

...For example, do all those cards from Gibraltar actually work as of now? I never got positive confirmation.

I spent a few hours searching yesterday and couldn't find one that was available to Us residents and not marked all over scam sites. Many link to messages "no longer available".

We need a list of safe active Charge card sites.

Thanks for the reply Hueristic. I did the same some (little) time ago, and you confirm my results. There doesn't seem be even a single trustworthy actor in this field yet. I blame it on the monopolists.

[JayJuanGee]

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Should not you avoid posting during the bull runs?

Hahahahahaha

He wants to be right.. so if he posts about the inevitable crash (or correction) then he will be right...

But, surely his other statements can be considered comedic nonsense.  Does anyone with any kind of knowledge about bitcoin take "bitcoin is dead" statements seriously these days?

[600watt]

This is insane. How many daily +20% happened in last years? Trust me not many.   When we hit $20k, then real shit will start. 

it is insane and must feel obscene for your casual banker that promises you 2% p.a.

2 per year compared to 20 per day. fiat is doomed.

[Last of the V8s]

wtf? stamp hasn't had an AYH for 75 mins now
unimpressed

[yefi]

But, surely his other statements can be considered comedic nonsense.  Does anyone with any kind of knowledge about bitcoin take "bitcoin is dead" statements seriously these days?

What, you mean we won't get those $10 bitcoins we were promised by economics professor Mark T. Williams?

[Ibian]

But, surely his other statements can be considered comedic nonsense.  Does anyone with any kind of knowledge about bitcoin take "bitcoin is dead" statements seriously these days?

What, you mean we won't get those $10 bitcoins we were promised by economics professor Mark T. Williams?

That has to be the most worthless profession. If they knew how to make money they wouldn't fucking be economics professors.

[lightfoot]

Stuck in the mid 13000s for hours now. Bored.

[bkbirge]

Stuck in the mid 13000s for hours now. Bored.

lol

[bouren]

I think its highly manipulative of btc. It is terribly failing all kinds of technical analysis as of now I think. There is almost nothing except a bubble that can climb up like a rant at this pace and then fall too at the same pace and then once again rise. I think it's sheer manipulation by some hodlers and nothing else. As per me a correction wave is definitely due which could take the price to 10k or something if it doesn't happens then I think we are repeating 2017-18.

[STT]

When the bearish comment is the guy posting about how we will fall under 10,000 then you know you got it good tbh.

Libra is a basket of FIAT currencies as I understand it.    The main point it can tout as a feature is a convenience online but I dont see its bearish for BTC as it wont nearly have the extent of BTC or be outside the ongoing depreciation of all major FIAT currencies vs inflation and real costs.



A last attempt downwards, sharp pin vs trend support and then moves into a 2,000 move up.    Very unrestrained moves in this area I guess

[ivomm]

Ok, this was the usual middle week sideways. I am waiting for the weekend pump 

[Globb0]