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

[Wekkel]

Masterluc's still got it: https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

Muahaha had a good laugh   $1500-$3000 oh yeah c'mon

We hit $3,250 last spring.

Are you digging the X-axis?

[LFC_Bitcoin]

We should definitely listen to proudhon’s price predictions.

Jokes on you, I already sold all my bitcoins at the top of the June 2011 bubble because it was obvious even then that this whole thing would totally fall apart once china completely bans bitcoin, as we now know it has from numerous legit sources.  

You and I both know that even people who bought above $50 are in trouble, if they don't act soon.

Bitcoin probably won't hit $1000 again because of sources.

Wait a minute, just wait a goddam minute, I think I'm getting some bad news from sources...

Will you let us all know when it's time to get back in so that our bitcoin positions don't get smaller, or is this THE last chance to get out before the end of bitcoin?  Please advise, thank you.

I'm just posting what everyone else has been posting around here for the past 48 hours, just in a more coherent form so that everyone can clearly see the proof and sensibly understand why they should sell all of the their bitcoins now.

Exactly!  This will at least push the price to standard deviated trend line based on the failed exponential growth curve.  That means the price should fall to around $100 in the short medium term optimistic bear case, but will probably go lower in the fourth quarter of bitcoin's fiscal year.

By 2015, the price might, and I say "might", stabilize in the healthy zone (can't provide a chart right now), which is between $1 and $2.  This, of course, assumes a conservative bullish bear case, so we could see much worse.  

By 2016, no bitcoin anymore, and this can be seen in some of the latest confirmed bad news sources, mostly in Chinese and Russian (See Peter R's recent reporting).

All this leads to an inevitable conclusion:  EVERYONE MUST SHOTR BITCOIN at the highest margin levels.  

The price will hit $5,000 again in 2018, and even approach $1,000. In 2019 the price will go below $1,000 on its way to complete collapse and failure. 2020 bitcoin will be done. Facts.

I’m sure there are more quotes but to conclude - What a fucking loser.

[Elwar]

What'd I tell you guys. These next few days will be the last time anyone will ever sell bitcoin above $10,000.

Edit: Confirmed

I agree. Nobody will ever sell bitcoin after the next few days.

Convert and spend. Do not sell.

 Elwar!!  Welcome back.

[VanguardVale]

The size and the speed of the rally was unsustainable and the size and the speed of the correction was even worse. But what something like that just does is it shakes out the weak hands and reminds people that there's risk. This is a healthy movement in something that's gone as far as it is. This is what has to happen. I think it could easily gather itself above the $10,000 level and resume what it was doing before.

[HairyMaclairy]

Welcome back dude

[JayJuanGee]

Everyone and their mother's mother heard about bitcoin by now, so this is curious.

You are likely WRONG about your speculation that everyone knows about bitcoin.  If everyone knows about bitcoin we would have more than1% world-wide adoption.

Everyone has heard of Enron but not everyone owns Enron stock.

Yes.. I recognize the point that you could be making, possibly, to the extent that you are capable of making any kind of half-way decent point from time to time in a random kind of way.   

So, yeah, part of my point is that if you really learn about the bitcoin matter beyond superficials and beyond the acceptance of the misinformation of PM pumpers, like yourself, the vast majority of peeps should come to a recognition that if bitcoin is even half of what it claims to be, then bitcoin is a crazy-ass asymmetrical bet that is much beyond the investment opportunities that historically had been available to regular people.

So, normies do not have to go apeshit into BTC, but instead taking at least a 1% investment while spending sometime trying to better understand bitcoin.

It seems that I already made those kinds of points already, but the essence of the reality of the matter is that an overwhelming majority of people do not really know bitcoin beyond having had heard the name, so anyone making suggestions, including your butt buddy Traxo, that everyone knows about bitcoin is engaging in a kind of exaggeration that is not even close to our actual facts on the ground situation.

Yeah, those of us in this thread are in a bit of an echo chamber on this thread with a decently informed group of people, but if we really step into the real world and really attempt to measure their knowledge about bitcoin, those who have decent bitcoin knowledge are generally far between... and those with decent knowledge have decent odds of at least owning a bit of bitcoin, rather than adopting a dumbass and ultimately wrong point of view that PMs are superior to bitcoin.. In that regard, to the extent that you are being genuine with us (and you are dumb enough) about not owning bitcoin, you (roach and traxo) are a kind of unicorn rather than the "majority" that you wish to be.   


 

[serveria.com]

We hit $3,250 last spring.

So fucking what? Why does it mean we'll have to revisit it again?

[HairyMaclairy]

Tend to agree with JJG. 

Pretty well everyone I know has heard of bitcoin.  The invariable offhand comment is “I don’t understand bitcoin”.  Socially most of the time it is not the right time or place to try to address the comment. 

[JayJuanGee]

F*** just realizing i'm maybe a true master my pricePOLL = 10,500-10,999

Only participate on the first two days Wooooooooow gogogo Micg

I hope I’m wrong

My vote is the same as yours, and almost always I am wrong, but this time, it looks like my odds could be pretty good... we have only slightly more than 24 hours before this one is confirmed, right?

Actually, I kind of agree with you in regards for a preference for UP, yet I just cannot get over NOT letting my preferences get in the way of what seems to be more likely which is that we have, at least, a bit more down from here in the short term.. even though we might have both up and down, so who knows if the upper $9ks will play out in about the next 24 critical ^tm hours?

[gentlemand]

We hit $3,250 last spring.

So fucking what? Why does it mean we'll have to revisit it again?

You're misinterpretatising.

He predicted it. Then it happened. The chart was published December 2nd 2018.

[JayJuanGee]

The size and the speed of the rally was unsustainable and the size and the speed of the correction was even worse. But what something like that just does is it shakes out the weak hands and reminds people that there's risk. This is a healthy movement in something that's gone as far as it is. This is what has to happen. I think it could easily gather itself above the $10,000 level and resume what it was doing before.
Bitcoin Needs To Hold To Head Higher

You have provided us with a number of quotes from articles, VangguardVale.  Do you have any thought of your own about the articles you are linking and quoting?  Would be good if you would provide some of your own words too, rather than just citing the text from various articles..

I am assuming that you agree with the contents of those articles, largely.

[JayJuanGee]

We hit $3,250 last spring.

So fucking what? Why does it mean we'll have to revisit it again?

Maybe Wekkel has been imbibing too many of the juices of Tone Vays and Tyler Jenks and filling himself up with bearish hyperwave hopium?


 

We hit $3,250 last spring.

So fucking what? Why does it mean we'll have to revisit it again?

You're misinterpretatising.

He predicted it. Then it happened. The chart was published December 2nd 2018.

Correction / clarification of gentlemand, observed.   

[proudhon]

You won't enjoy it

Can I ask you a personal question?

Sure, go for it.

[yefi]

Sure, go for it.

How do you shave your llama sack?

[xhomerx10]

You won't enjoy it

Can I ask you a personal question?

Sure, go for it.

 

Well played.  I keep toying with the idea of getting back into trading, but I worry that I'll be sloppy because I was able to so easily collect so many coins in the fall from $32 to $2.  In a sense, that sloppiness is why I lost 150-170 coins in Bitcoinica.  It didn't feel like I was risking anything, but I don't want to fall into that trap again, which is why I moved everything offline for a while.

buy sell hold

good move

In the days of the run-up to $15.xx I was convinced a crash was coming and wanted to move everything to MtGox to take advantage of it, but (1) all my coins were offline without any digital copies, and (2) I was out of town and had no way to access my paper wallets.  That's the trade-off I consciously made, of course.  And there's no way to know that if I hadn't done that I wouldn't have lost a bunch in trading throughout the year.  But my certainty of the impending crash this go around has me feeling a measure of regret in getting so protective.

 You funny.

[RejectedBanana]

We should definitely listen to proudhon’s price predictions.

...

I’m sure there are more quotes but to conclude - What a fucking loser.

Proudhon is the best contrarian indicator WO has.

When Proudhon's around, we're in good hands.

Proudhon is the Colbert of Bitcoin.

Satire at its finest.

Confirmed.

[RejectedBanana]

Sure, go for it.

How do you shave your llama sack?

Probably like this.

https://movieweb.com/exclusive-video-new-dirty-jobs-sheep-castrator-clip/

Not for squeamish, haha. Dirty job but someone's gotta do it!

[El duderino_]

What'd I tell you guys. These next few days will be the last time anyone will ever sell bitcoin above $10,000.

Edit: Confirmed

I agree. Nobody will ever sell bitcoin after the next few days.

Convert and spend. Do not sell.

 Elwar!!  Welcome back.

Hit 5-dig
Back awake again?

[El duderino_]

OT

Brightburn was awesome !!!!!!

[P_Shep]

We should definitely listen to proudhon’s price predictions.

...

I’m sure there are more quotes but to conclude - What a fucking loser.

Proudhon is the best contrarian indicator WO has.

When Proudhon's around, we're in good hands.

Proudhon is the Colbert of Bitcoin.

Satire at its finest.

Confirmed.

Confirmed.