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

[El duderino_]

https://bitcointalk.org/index.php?topic=5160304.0

Sorry bump??

[El duderino_]

JJG you just replied to yourself?

Hahahahahaa..

I will go back and clarify... thanks for pointing that out...

I do criticize peeps for quoting themselves excessively and there you go, I appear to have been attempting the same...     

Its just another JJG user.... don't mind that, bot taking over bot etc  

Oh my,,,, your team seems to be devolving with each post, mic. 

Are you sure that a shift change might not be in order?  or maybe some of that HODLnap?

HODLnap already been said, I do prefer HODLsleep
As the whole team does

[eddie13]

Last time pre-BULL run, Zimbabwe also was in front with high price I think they traded 12K+ or someething when the rest was trading around 8K and neveer even saw 10K

Is this a sign

Yeah, Zimbabwe followed by Korea, Japan if i am not mistaken.

Btw Just 2 sell orders of $76k, enough to publish articles for writers  . no one in right mind going to click buy button, with this kind of premium we need couple of drunk traders

Just tap it with a minimum buy to put it on the chart

[bitebits]

Mic I need to change my vote on your Q3 game since I currently seem to disagree with my past bullish self!

In between all this short term bearish posts and sentiments, I will make a Bitcoin market cap prediction. Something I don't do often but I feel Bitcoin currently trades at an attractive discount:

Bitcoin today has a market cap <250 billion. Q3 2019 I expect the market cap to be >500 billion.

Please quote me for future reference.

Done and done.

[LFC_Bitcoin]

$10,067

[rebal15]

last week's candle is showing price correction. it is correction trap.

[jojo69]

[soxxx]

could it be somehow that we're currently watching the burst of a mini bubble between the last major bubble and the next major bubble after halving in 2020? maybe it was to early for the next real bubble.

I doubt it.   You seem to be giving too much benefit of the doubt to bear narratives and or bitcoin is a bubble FUDsters.


We are just experiencing a normal correction that comes from a short-term period of too much exuberance.  You saw that exuberance from a few days ago, no?   Outrageously excessive for a period of time, so we could hardly have expected that level of excessive exuberance to NOT correct at some point.

We need a 30% correction, I agree this is normal, if it corrects 50%+ ill start to worry.

[Raja_MBZ]

<$10,000

[Agapios]

some f... please tell me there are huge buy orders

[Biodom]

could it be somehow that we're currently watching the burst of a mini bubble between the last major bubble and the next major bubble after halving in 2020? maybe it was to early for the next real bubble.

I doubt it.   You seem to be giving too much benefit of the doubt to bear narratives and or bitcoin is a bubble FUDsters.


We are just experiencing a normal correction that comes from a short-term period of too much exuberance.  You saw that exuberance from a few days ago, no?   Outrageously excessive for a period of time, so we could hardly have expected that level of excessive exuberance to NOT correct at some point.

We need a 30% correction...

Amost there (currently 26.4%)
A small observation: we are declining faster than most "shitcoins', not sure why.

[El duderino_]

Mic I need to change my vote on your Q3 game since I currently seem to disagree with my past bullish self!

In between all this short term bearish posts and sentiments, I will make a Bitcoin market cap prediction. Something I don't do often but I feel Bitcoin currently trades at an attractive discount:

Bitcoin today has a market cap <250 billion. Q3 2019 I expect the market cap to be >500 billion.

Please quote me for future reference.

Done and done.

Its still day 1 nothing happened so do it quick

[El duderino_]

last week's candle is showing price correction. it is correction trap.

[LFC_Bitcoin]

$10,067

$10,000 held and now a slight bounce back, I really don't want $10,000 to break just due to it being an important barrier.

I want $10,000 to stay too, I don’t even know why, it’s just such a psychological bullish figire. Five figures is so much better than four. Looking forward to six figures in 2021/22

[El duderino_]

$10,067

[Phil_S]

Five figures is so much better than four.

Confirmed as truth.


In other news, the media gets really creative (or really desperate) with FUD:
https://twitter.com/CNN/status/1145402888635727872

[JSRAW]

Who wants to move to Venezuela for a year and get their mine on
I’d consider it if I was single & a couple of us went into business together.

They mine bitcoin in Iran already within their mosques due to the free electricity they have so why not?
They get over $260,000 worth of bitcoins and it all goes towards their place of worship.
https://cointelegraph.com/news/iran-bitcoin-miners-set-up-shop-in-mosques-amid-govt-crackdown
&
https://www.express.co.uk/news/world/1146669/iran-mosques-bitcoin-safe-houses-hiding

Update

Iranian Government Seizes Bitcoin Mining Operations

[JayJuanGee]

"Wall Observers" is a place of pure fun anyways (except for 1000+ words long posts of JJG).

Largely, you have control over your own destiny Raja.. .one of the benefits of life... , which means that you and only you have discretion in regards to choosing what you read or not.  

Haha, yeah, you're correct. I think I've skipped your posts the most on WO till now anyways.

.
.
.

JK mate. You're probably the most interesting person in this thread. It'd be 90% shit and 10% good here if you weren't a part of this thread (right now, I guess it's fine if we just call WO 50% shit and 50% good).

Fair enough about reading or not reading posts.

For sure there is a mixture of good, not so good, bad and other variants... .. Also, some days, it is easier to read than others.  Some days, no body can keep up with nuttin, so I would expect only a few people actually read most posts on most days, unless s/he/it really did not have anything else to do.

Even though I post a lot, and some peeps have labelled me as a bot, I still have some other things that I do.  Believe it or no.    

[d_eddie]

Funny how one of these guys looks like Mr. Bitmex.

Image from https://bitcoinmagazine.com/articles/cartoon-cryptos-different-faces

[JayJuanGee]

could it be somehow that we're currently watching the burst of a mini bubble between the last major bubble and the next major bubble after halving in 2020? maybe it was to early for the next real bubble.

I doubt it.   You seem to be giving too much benefit of the doubt to bear narratives and or bitcoin is a bubble FUDsters.


We are just experiencing a normal correction that comes from a short-term period of too much exuberance.  You saw that exuberance from a few days ago, no?   Outrageously excessive for a period of time, so we could hardly have expected that level of excessive exuberance to NOT correct at some point.

We need a 30% correction, I agree this is normal, if it corrects 50%+ ill start to worry.

I largely agree with the points that you are making; however, I doubt that "we need" any certain or specific level of correction, such as 30% in order for price continue up, but at a certain point, it just seems to become almost inevitable that the buys are just not going to be able to keep up with the price, especially when the price is moving up so god damned fast.. especially once the price broke above $10k, then she just did not want to stop going up... until she did.

50% is going to start to make me nervous, too, even though 50% would not really be too outrageous, given the fact that largely we did more than a 3x from April 1 (which was less than 3 months at the time of the current $13,880 top) without very many breaks in the midst of that mostly UP movement.