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

[JayJuanGee]

I haven't been trading but I need some of this action..

100k sat says we have a new ATH before we break down through $10k..
First taker gets it..

edit: eherm I mean all year high, like $13,764..

That seems like a fair bet.

I am sure someone would be more than willing to take you up on the bet, and you will likely lose the bet fairly quickly (within a few days)... hahahahahaha

Anyhow, in this thread, we usually use stamp for these kinds of price measuring matters.  The current yearly high on stamp is $13,880.


You might even lose the bet before you are able to finalize its terms, exactly.  

Your right.. 10k might be the perfect bear trap just to break it a little..

Probably a better bet that would be closer to 50/50 odds would be for you to take $9k side of such a similar bet, but if you want to be more aggressive and titillating in your bet terms, then so be it, then you might frame your side of the bet as $9,800, but I still believe that is a loser bet of less than 50/50 odds - but hey, we should have differing views about these kinds of things, that's for sure.  That's part of the reason that BTC's price has so much volatility, because people have differing views of its value and also its price direction (short-term and long-term).

[1714819998]

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[1714819998]

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[1714819998]

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[1714819998]

1714819998

[lightfoot]

I can't believe people are depressed. 10k-11k is just fine for the moment.

[JayJuanGee]

I can't believe people are depressed. 10k-11k is just fine for the moment.

I'm not depressed, but maybe I am not "people?"

Been buying like a mad man.. these kinds of dramatic up and down times are times to make more money (namely bitcoins)

[infofront]

You're an animal, Jay

[Paashaas]

I can't believe people are depressed. 10k-11k is just fine for the moment.

Those people are to short-sighted, they already forgot the recent 250% rise...

[Paashaas]

Most photographed places on earth.


https://twitter.com/spectatorindex/status/1144304390792253441

[JayJuanGee]

You're an animal, Jay

Hey, I don't claim to be any kind of technical analysis afficionado, so I don't put a lot of weight into any analysis that attempts too much about what BTC price "has to do".

On the other hand, I also don't put a lot of weight into various explanations that try to suggest that Bitcoin's price movement comes from various news events, so it kind of irritates me when folks try to attribute BTC's price movement to some news event and to say that caused BTC's price to do X, when it was more likely that BTC's price was moving in that direction anyhow, whether the news event happened or not.  And, the news may have helped to push or exacerbated the price move, but it did not cause it.

Anyhow, having said all that, I recall several BTC price corrections between late 2015 and late 2017.

I am referring to late 2015 to late 2017 as a comparison because ultimately we later concluded that such late 2015 to late 2017 period was a bull market, yet we experienced a large number of BTC price corrections during that period - and frequently a BTC price correction might have three legs down before it would be ready to move back up.  

Of course, three legs of down is not any kind of condition precedent for up, but three legs do happen quite frequently during corrections, and really does anyone believe that our move down from $13,880 to $10,332 (about 25%) has been anymore than one leg of a correction?  Maybe we could recognize two legs of correction from that price move, but I would still tentative conclude that one or two more legs are within reason of happening even if we have already gotten about 25% correction out of this correction .. especially given the amount of UP that we experienced since April 1, but even moreso the slope of the up curve in the past week or two.

TLDR:  There are no givens, you animals.    

[nutildah]

Most photographed places on earth.


https://twitter.com/spectatorindex/status/1144304390792253441

Pretty cool. I just spent the last 8 minutes looking at this.

- There's a dark hole in the U.S. around South Dakota
- Tibet must be boring AF
- The entirety of Japan is bright yellow
- Europeans also take entirely too many photos

[VB1001]

I would like to publish this month's statistics higher.

So far we have 5 months increasing in green.

There are no grounds for complaints.

I'm glad to see +/-11000 this morning.

StrongHats

Good morning WO,s

[fillippone]

GOOD MORNING WO!
Observing 10,977

Glad we passed the night without too much damage!

Most photographed places on earth.


https://twitter.com/spectatorindex/status/1144304390792253441

Pretty cool. I just spent the last 8 minutes looking at this.

- There's a dark hole in the U.S. around South Dakota
- Tibet must be boring AF
- The entirety of Japan is bright yellow
- Europeans also take entirely too many photos

Always relevant XKCD strip:
https://xkcd.com/1138/

[VB1001]

In WO there are 2 groups:

WO stronghats and weakhands.

Where do you think to put me?

You know perfectly to which group you belong.

[nanobtc]

I see dead people. Er, I mean roach, and other failed trolls. I think, it's all ignored.

Stand up WO peeps, even if you think you do not like country muzak, consider this ode to your boss, in the upcoming years. From 1980, Johnny Paycheck.

Take this job, and shove it.

https://www.youtube.com/watch?v=EPrSVkTRb24

[LFC_Bitcoin]

You're an animal, Jay

The avalanche has stopped for now, I’m happy with the current price.

[deepcolderwallet]

You boys should be ashamed of yourselves plastering these semi pornographic pictures all over this very serious thread.
What about these girls' characters anyway? that's what you should be wondering. Perhaps No 1 is interested in 17th century French Literature?
Perhaps Miss Middle escaped across the Syrian border with just a few coins and her wily conversational skills. The third one can obviously cater a banquet for 500 in her sleep and speak six languages. And yet you leer and lust like pigs smh

While I don't have any issues with French Literature loving bottoms (rather enjoy them actually), it IS making keeping up with the thread while at work at bit on the problematic side.....

Need to see at least 2 more doubles in price before I can afford to not be bothered with this issue during business hours...

I'm on the same boat.
Wait till I get home!




EDIT: Img size.

[Paashaas]

Bitmex sees $500 million Bitcoin short liquidation in 24hrs.

https://bitcoinist.com/bitmex-500-million-in-bitcoin-shorts-liquidated-in-24hrs/

[mindrust]

Sure, go for it.

How do you shave your llama sack?

Carefully and using a procedure I learnt from confirmed sources.

Great to see you again! Your presence is the greatest indicator we're in a bull market. For you who doesn't know - Proudhon is the greatest bear-whale-troll there is, he's a f*cking legend.

Proudhon is r0ach's father. The original WO troll. It is confirmed.

R0ach is mad as fuck now since the real troll proudhon came and stole his show.

[600watt]

this sundays close will be the most important close in a long time.   

daily, weekly, monthly, quarterly, half year

it would be awfully important in my view to close above $11800

[arewethereyet?]

Proudhon is r0ach's father. The original WO troll. It is confirmed.

For me, it was Crumbs

[LFC_Bitcoin]

Proudhon is r0ach's father. The original WO troll. It is confirmed.

R0ach is mad as fuck now since the real troll proudhon came and stole his show.

Had a look into proudhon’s posting history. He’s a butt hurt early adopter who sold everything way, way, way too early. He could have been incredibly wealthy but sold everything for pittance.

Evidence -

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.

[fillippone]

It's time for a Wall Observer Meta Post!

What if WO were Bitcointalk?
So basically what happens considering only the merits awarded on WO thread?
How many Legendary Users?  How many Heros?

Thanks to my very basic Data management Skill and LoyceV data, I manage to pull out the following very unuseful statistic:
OF course The heatwave over Europe prevented me on smartly compute WO activity, so I am basing on Merits only.

WO Legendary	4
WO Hero	6
WO Sr. Member	13
WO Member	34

Who's who on WO?

Here the first 100 WO family members.

1	micgoossens	1648
2	Last of the V8s	1547
3	HairyMaclairy	1112
4	xhomerx10	1076
5	BobLawblaw	882
6	Toxic2040	872
7	jojo69	750
8	infofront	663
9	JayJuanGee	612
10	LFC_Bitcoin	516
11	Torque	488
12	d_eddie	477
13	bitserve	462
14	VB1001	359
15	Paashaas	355
16	gentlemand	331
17	kenzawak	320
18	Elwar	291
19	cAPSLOCK	286
20	Globb0	284
21	mfort312	270
22	mindrust	269
23	JimboToronto	251
24	goldkingcoiner	247
25	Rosewater Foundation	244
26	BTCMILLIONAIRE	243
27	Raja_MBZ	240
28	jbreher	216
29	ivomm	201
30	Lambie Slayer	201
31	TERA2	194
32	kurious	192
33	realr0ach	192
34	Biodom	189
35	Ibian	179
36	bones261	176
37	Kylapoiss	169
38	600watt	160
39	vroom	156
40	Phil_S	155
41	Icygreen	151
42	kingcolex	147
43	yefi	146
44	marcus_of_augustus	142
45	Wekkel	135
46	Hueristic	134
47	toknormal	129
48	StartupAnalyst	128
49	nutildah	126
50	Anon136	121
51	Arriemoller	120
52	JSRAW	119
53	Spaceman_Spiff_Original	116
54	Pamoldar	114
55	kirreev070	107
56	BinaryReign	105
57	Cryptotourist	105
58	explorer	97
59	Dabs	97
60	fillippone	96
61	bitcoinPsycho	96
62	Bitcoinaire	93
63	vapourminer	93
64	Cryptoqueeen	81
65	serveria.com	76
66	STT	71
67	pacman7331	66
68	somac.	66
69	lightfoot	66
70	sirazimuth	65
71	Gyrsur	65
72	cannycassiopeia	64
73	BlindMayorBitcorn	64
74	Totscha	64
75	conspirosphere.tk	63
76	HI-TEC99	63
77	AlcoHoDL	61
78	Searing	59
79	Majormax	59
80	crypmike	58
81	Karartma1	56
82	nanobtc	55
83	suchmoon	55
84	bitebits	55
85	strawbs	54
86	Samarkand	54
87	FractalUniverse	53
88	theymos	53
89	DeathAngel	52
90	rolling	51
91	RayX12	50
92	fluidjax	48
93	RoomBot	48
94	encycrypto	48
95	ErisDiscordia	47
96	Speculatoross	47
97	PoolMinor	46
98	thisisntbic	45
99	fabiorem	45
100	gembitz	45

                              

I am too shy to post it on meta, also not relevant, as it is not forum-meta, but WO-meta!.