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

[fillippone]

GOOD MORNING WO!
Observing 12,761!

Maybe we shouldn’t call Bitcoin Corn 🌽, But Avocado 🥑!

https://twitter.com/thestalwart/status/1143947871127035904?s=21

I know @tracyalloway has a patent on this chart, but the Avocadoes vs. Bitcoin chart really is outstanding

I know correlation is not causation, as proved in spuriouscorrelations.com

[VB1001]

https://alternative.me/crypto/fear-and-greed-index/

No need to worry.

[LoyceV]

Did we just lose 1k in 5 minutes ?

More

Is this the typical "someone sold a lot because it went up"? Or is this the typical "someone sold a lot to trigger stop-losses and buy it back later"? Or is this going to trigger my (wife's) Q2 prediction of $7800?

Hahahahahaha

Blame your inner bear on your wife... 

Well, to be fair, she predicted $7800 for Q1. I'm the one who movedo it over to Q2.
About 6 weeks into Q2 she was right for quite a long time. So with some calibration, she should be able to make a perfect prediction for Q3 if I ask her to make a prediction for mid November

[Searing]

Anyone interested made a humor thread about HODL Sinner's (of which I am one of the fallen faithful)

I was bored. IF you are interested the thread link is below. Tell your stories of selling Bitcoin and not

keeping the HODL faith and how long you may NOW be on the wagon and reformed! There is also a poll.

Anyway, stuff to do.

Link:

https://bitcointalk.org/index.php?topic=5159004.0


------------------------------------------------------

Welcome, All.

At this meeting you will be allowed to repent for your lack of faith in the past of the HODL faith and seek forgiveness from the WO/Bitcointalk faithful.

You will also be able to talk about your successes of resisting the evil temptation of selling any of your HODL Hoard (shudders) as a testament to your HODL Faith.

Who is first?

-----------------------------------------------------

Brad

[fillippone]

Did we just lose 1k in 5 minutes ?

More

Is this the typical "someone sold a lot because it went up"? Or is this the typical "someone sold a lot to trigger stop-losses and buy it back later"? Or is this going to trigger my (wife's) Q2 prediction of $7800?

Hahahahahaha

Blame your inner bear on your wife... 

Well, to be fair, she predicted $7800 for Q1. I'm the one who movedo it over to Q2.
About 6 weeks into Q2 she was right for quite a long time. So with some calibration, she should be able to make a perfect prediction for Q3 if I ask her to make a prediction for mid November

Having a wife able to predict quarterly price target for Bitcoin is an invaluable ingredient for a long lasting relationship!
Well done LoyceV!

[Phil_S]

That's it folks, 12800 will be the new 6400.

[Lambie Slayer]

Does anyone besides Tone and Tyler still think we are in a Bear Market?  

I have been surprised by the power of the recent surge with so much time before the halvening, still think we are due for some serious pull backs in the near future, but surely no one can deny with a straight face that the Bull is upon us.

@JJG, Id like an update on your certainty of the Bull in percent terms kind sir. I remember a while back at a much lower price you stated 51 percent certainty. Hopefully you are in the 90's now

More or less I think that you are asking about the odds that the "bottom is in" for this cycle, and that bottom is the $3,122 price from mid-December 2018 (seems so long ago, but of course, not as long as it seems).

So yeah, I believe that the last time that I mentioned anything related to whether the bottom was in, was a couple of weeks ago, when we were still in the sub $9k-ish... and in that context, I was attempting to suggest to 48 that he might want to just pay hairy for the bottom is in prediction, and I think that I suggested that the odds were quite less than 40%.. and maybe even more realistically in the sub 33% arena.

Currently, I would say that we might even be in the sub 20% arena.. and perhaps 25% if we are trying to be charitable to bears.  90% does seem a bit too high of an assignment currently, but we are likely 90% likely to not go below $1k or maybe $2k, but even that could be pushing it a bit to assert that level of certainty towards something that could be within the power of some rich folks, banks and or governments to update unite forces in an attempt to achieve (though again, seemingly unlikely - in the sub 25% and maybe more realistically in the sub 20% - to get any kind of event (or set of events including FUD spreading) that could even bring BTC prices to new lows, currently when there is decently ongoing UP momentum).

Edit:
Furthermore, this out of control baby bull BTC seems to be growing up too damned fast for his own good, and likely needs a bit of a spanking.... but none of us really know how to tame this bad boy... instead he is trampling all over the clowns in the stadium... and seeming to be a wwwwwweeeeeeeeeee bit pissed off about his upbringing.       Sucks to be a bullpen clown, these days..... Wwwweeeeeeeeee.

I like your probabilities(optimistic but reasonable), even if I am higher in the 90 percent(optimistic perhaps to a fault) plus range in terms of certainty that the bottom is in. The baby bull has grown faster than foreseen due to the Fed printing so much fiat steroids and infusing them into his food and water supply.

I still expect a major correction back into the 5-7k range and I believe if this happens then the fall will be so large that bears and weak hands will start calling for a new low to materialize before the halving. Even if these prices occur I will be over 90 percent sure imo that the bottom is in. I have more fiat ready to buy such a correction, but as Im over 90 percent net worth invested I don't care if it never happens and we march straight to 100k If 3 months pass by without significant correction then I will probably just deploy the fiat and scoop up some more coin regardless of price.


@Central Bankers: We know you read this thread so listen up! You wont get one precious coin from me at sub 50k prices so stop calling my cell and pretending to be Microsoft technicians alerting me to a virus. I know who you are and what you really want

[AlcoHoDL]

That's it folks, 12800 will be the new 6400.

As I'm a power-of-two junkie, I second that.

Onwards to $25600 and towards $102400 (WO Party), and beyond...

[ProfTP]

That's it folks, 12800 will be the new 6400.

As I'm a power-of-two junkie, I second that.

Onwards to $25600 and towards $102400 (WO Party), and beyond...

if we play the double price in half of the days we will get to 100k in the beginning of August

25,6k at about 20th of July
51,2k at about 2nd of August
102,4k at about 8th of August


SUMMER OF PUMP 2019

[600watt]

well. time to go to sleep. nice to know that when i wake up tomorrow price can be at any point between 10k and 14k

if it would be over 12k, i´d smile 


good night you fuckers.

ok, did smile when woke up. 


bleeding slowly into the $9k-11k area (several weeks), finding a solid weekly higher low there would be ideal.

of course i only write this because i panic sold 2% of my stash last night. 

[jbreher]

I've read the posts about SF. I've never been to the US, and will come in a few months, for a wedding...in San Francisco. I'm all excited now !

Well, I guess it's not exactly _everywhere_. Been here a couplea days this time, none seen. Thankfully.

Though what really puzzles me is the car home favleas in Palo Alto. WTF is that all about?

[fillippone]

If any of you is still  in doubt why this Bitcoin Ramp:

https://www.ccn.com/crypto/grayscale-hits-3-billion-assets-bitcoin-price-rages-on/2019/06/27/

Grayscale reported in May that hedge funds went on a bitcoin buying spree. In the first quarter of 2019, hedge fund inflows into Grayscale’s products shot up to $24 million as compared to just $1 million in Q4 2018. The firm also added that 56% of its total investments during the quarter were driven by hedge fund inflows, leading to a 42% quarter-over-quarter jump in the firm’s total inflows.

Grayscale’s publicly-quoted Bitcoin Investment Trust (GBTC) seems to be the biggest beneficiary of the hedge fund inflows. The product accounted for nearly $2.85 billion of the firm’s total assets under management according to the latest report.

[wayna]

Guys, of course it's not feasible to pump the price without having any drop.

Now I am curious to see whether this pump was a just a bull game or it will stabilize the price to a new low.

This market is crazy!

[RivAngE]

Margin longs are getting rekt'd ! whoooohoooo !
I would wish no one was trading on margin and instead use real, existing coins instead of theoretical ones.

[Globb0]

OT OH!   Go to log on this morning see what's the damage?



My 2fa code was 666 something.   Is crypto evil now?

[600watt]

OT OH!   Go to log on this morning see what's the damage?



My 2fa code was 666 something.   Is crypto evil now?

what haunts me much more are those wallet seed list words like

"loss"
"zero"
"evil"
"hole"
"empty"
"rat"
"poison"
"over"
"finish"
...

[moseich]

In January of this year, I managed to predict a bitcoin price of $10,000.
https://bitcointalk.org/index.php?topic=5090403.0
Many readers thought it was a joke!
It is very interesting, as it is now do you feel about my method Bitcoins assessment?
Has your opinion changed?
Is it worth counting the bitcoin market price with my approach at the moment?
https://medium.com/@igormoseich/cost-of-the-bitcoin-a2d5d360a8bf

[jonoiv]

looks like the begining of operation alt sacrifice. 

[JayJuanGee]

well

we ain't seen the mayor yet...

I wonder?

if

He may have sold too many coins, so still depressed, possibly?

[realsteelboy]

looks like the begining of operation alt sacrifice. 

Ouch