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

[Searing]

Last month does look similar to a 'reverse head and shoulders', which is quite bullish.
We shall see. It would probably surge once above 12500, hopefully.

The catch is, what do you look at for odds? (guesses?)

Will then pause and go to say $15,000 on full FOMO?

Or will it correct back to say $10,000 again?

That is the trouble with Bitcoin, she is such a 'fickle bitch'.

If you can FOMO up $2,500 USD in a few months, Bitcoin can damn well CORRECT,

on a 'whim' down $2,500 USD in the other direction to $10,000 USD!

So what will be the future events that allow Bitcoin to either 'stick' say $15,000 USD or just 'trip' and go back down to $10,000 USD?

Who knows. Just using the same mental gymnastics I would use with a 'hot' bi-polar girlfriend.

When it is good it is very, very good!

When it is bad, it is very, very bad.

Trademark Bitcoin: 'Doing The Opposite Of What Everyone Expects Since 2009!

(or hell, it is simply random fate/chance and FOMO that determines all of this stuff)

later

Brad

edit: I'm stating the obvious, but you watch enough 'high wire' acts, with no net, eventually you have to step back and comment on the 'WTF' it is a 'high wire' act

with 'no nets'. Just to set your expectations.

[P_Shep]

via Imgflip Meme Generator

[El duderino_]

Who's current walk could look like this?

[fillippone]

We need more rockets, trains, moons, astronauts and bulls!    Post dem memes gentlemen!  

[Ludwig Von]

Two big green dildos in one day...  

vicious BTC  

We shall call it 'Bit Vicious'

or if only talking about today's happenings...'Bid Vicious' 

I would merit this! But the gods of merit have left me with zero! 

[JayJuanGee]

AYH by the end of tomorrow please.

    It would be nice if the price of BTC got all the way up to 20,000 USD by tomorrow. However, I am almost positive with such a rapid rise, we would have a very deep correction, since many people caught in the December 2017 parabolic rise would love to unload and be done with BTC.

I agree with the first part of your thesis, bones, including that going straight up to $20k might be a bit unsettling to the price and even difficult to sustain in any kind of meaningful way...

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

Yep, said better than I could say.

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

but I think that my reasons differ from yours... including that such an upwards price move to $20k would be too soon and too fast...

-----------

Ditto, would like it to plug to say 20k over a period of saying at LEAST 6-9 months, so folk could get used to the idea.

Don't get me wrong.  I would not be suggesting that any kind of BTC price stability would likely in the $17,500 to $24k arena, unless the BTC price were to bounce quite above that range first before coming back down.

On the other hand, we could bounce up to $20k in a relatively short period of time and then correct back down to our current price or some kind of reasonable (or not reasonable) range of our current price, give or take a few thousand dollars.

Also, kinda want to see the effect on markets of HODL'ers that run big Litecoin Operations, without a 'carry along' with the price on LTC after the halving in less than a month, that could act as a 'brake' IMHO, on Bitcoin HODL and Bitcoin Price as they have to 'redress' such if it stays flat or goes south in price. I would guess a majority of these miners are converting to Bitcoin as well.

Or, hell, it was what I used to do and what I remember from the last LTC halving, all sorts of scrambling..(currently not mining any scrypt-pow of any flavor)

I don't find it too productive to be spending too much brain power to attempt to make correlations between shitcoins and BTC price performance, including shitcoin LTC... Doesn't really matter too much about what the tail does, let's try to focus on the dog.

Similarly with  other shitcoins, sure sometimes the tail might get caught in a door or maybe it gets pulled or wagged by some other entity, but for the most part, considering other "dog" factors will remain much more important than attempting to monitor and/or attribute some causation based on tail dynamics.

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

I kind of agree with serveria, though, that a lot of the weak hands have likely been shaken and they are not going to have too much of an impact.. In other words, FOMO is going to outweigh whatever easily dumping.. while at the same time there is going to continue to be a decent amount of institutional money that is secretly (or perhaps not so secretly) trying to get in on this bullrun and even engaging in some front running attempts on the price  - including already starting to realize about a kind of inevitable upwards price dynamic that is caused by halvening.    

Unsure that I agree with above completely, but would prefer your above 'scenario' even if modest...big FOMO, IMHO, would be if the traditional markets start to get weak, if they themselves just carry on sideways in price, at their ATH, I just can't see enough FOMO for your plan. Ideally, I'm dead wrong, just saying that would get to the FOMO level you explain above, again, IMHO.

I think that I am describing a kind of phenomenon that could be taking place based on some current observations including the fact that more and more institutions are expressing greater and greater interest in bitcoin.  Surely, some of this perhaps clandestine interest of institutions could dry up and could also have some symbiotic affects on retail as well.. including a variety of normal joe blows that begin to believe that there might be some upwards price opportunities. 

Really I could give few shits about the specifics because we should be willing and able to continue to monitor a situation that seems to be evolving that seems to involve more and more players with more money that they might be ready, willing and able to put some of their value into bitcoin which can cause snowballing effects upon others, including folks who already own bitcoin but start to believe that they might want to grab a bit of a higher stake, too.  Of course, some of the buying/selling dynamics could change at any time and momentum could even dry up.... or even move towards downwards for a period of time. I am surely not wedded to the continuation of some kind of dynamic that seems to be evolving.. but also seems to be bullish for as long as it does continue to play this way.

[El duderino_]

We need more rockets, trains, moons, astronauts and bulls!    Post dem memes gentlemen!  

[serveria.com]

We need more rockets, trains, moons, astronauts and bulls!    Post dem memes gentlemen!  

Some actual footage from the 100k party? 

[Searing]

AYH by the end of tomorrow please.

    It would be nice if the price of BTC got all the way up to 20,000 USD by tomorrow. However, I am almost positive with such a rapid rise, we would have a very deep correction, since many people caught in the December 2017 parabolic rise would love to unload and be done with BTC.

I agree with the first part of your thesis, bones, including that going straight up to $20k might be a bit unsettling to the price and even difficult to sustain in any kind of meaningful way...

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

Yep, said better than I could say.

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

but I think that my reasons differ from yours... including that such an upwards price move to $20k would be too soon and too fast...

-----------

Ditto, would like it to plug to say 20k over a period of saying at LEAST 6-9 months, so folk could get used to the idea.

Don't get me wrong.  I would not be suggesting that any kind of BTC price stability would likely in the $17,500 to $24k arena, unless the BTC price were to bounce quite above that range first before coming back down.

On the other hand, we could bounce up to $20k in a relatively short period of time and then correct back down to our current price or some kind of reasonable (or not reasonable) range of our current price, give or take a few thousand dollars.

Also, kinda want to see the effect on markets of HODL'ers that run big Litecoin Operations, without a 'carry along' with the price on LTC after the halving in less than a month, that could act as a 'brake' IMHO, on Bitcoin HODL and Bitcoin Price as they have to 'redress' such if it stays flat or goes south in price. I would guess a majority of these miners are converting to Bitcoin as well.

Or, hell, it was what I used to do and what I remember from the last LTC halving, all sorts of scrambling..(currently not mining any scrypt-pow of any flavor)

I don't find it too productive to be spending too much brain power to attempt to make correlations between shitcoins and BTC price performance, including shitcoin LTC... Doesn't really matter too much about what the tail does, let's try to focus on the dog.

Similarly with  other shitcoins, sure sometimes the tail might get caught in a door or maybe it gets pulled or wagged by some other entity, but for the most part, considering other "dog" factors will remain much more important than attempting to monitor and/or attribute some causation based on tail dynamics.

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

I kind of agree with serveria, though, that a lot of the weak hands have likely been shaken and they are not going to have too much of an impact.. In other words, FOMO is going to outweigh whatever easily dumping.. while at the same time there is going to continue to be a decent amount of institutional money that is secretly (or perhaps not so secretly) trying to get in on this bullrun and even engaging in some front running attempts on the price  - including already starting to realize about a kind of inevitable upwards price dynamic that is caused by halvening.    

Unsure that I agree with above completely, but would prefer your above 'scenario' even if modest...big FOMO, IMHO, would be if the traditional markets start to get weak, if they themselves just carry on sideways in price, at their ATH, I just can't see enough FOMO for your plan. Ideally, I'm dead wrong, just saying that would get to the FOMO level you explain above, again, IMHO.

I think that I am describing a kind of phenomenon that could be taking place based on some current observations including the fact that more and more institutions are expressing greater and greater interest in bitcoin.  Surely, some of this perhaps clandestine interest of institutions could dry up and could also have some symbiotic affects on retail as well.. including a variety of normal joe blows that begin to believe that there might be some upwards price opportunities.  

Really I could give few shits about the specifics because we should be willing and able to continue to monitor a situation that seems to be evolving that seems to involve more and more players with more money that they might be ready, willing and able to put some of their value into bitcoin which can cause snowballing effects upon others, including folks who already own bitcoin but start to believe that they might want to grab a bit of a higher stake, too.  Of course, some of the buying/selling dynamics could change at any time and momentum could even dry up.... or even move towards downwards for a period of time. I am surely not wedded to the continuation of some kind of dynamic that seems to be evolving.. but also seems to be bullish for as long as it does continue to play this way.

Yeah, my only point on altcoin miners is MOST buy or HODL bitcoin, depending on how they are doing. Thus the Litecoin halving and/or the 'supposed' altcoin catch up in price and

some other stuff, COULD effect them HODL'ing and or DUMPING BTC for bills/expenses etc.

to keep their equipment and data hall stuff in play, till the next altcoin revival or depending on how they play this HODL Bitcoin. MOST miners I know dabble about 50/50 alts and

Bitcoin, as per ASIC equipment now. Thus, it is a big deal, if they have bills to pay, data halls to pay off, etc, etc. To BTC price with a quick dump.

Perhaps that means a 'dip' and buying for BTC. Just saying, there would be an effect, IMHO.

Anyway, from the usual grumbling I hear of being a miner of any manner anymore is hard as hell.

Supposedly, anyway, from my generic contacts on how altcoin mining plays into BTC. Indeed, all my HODL is from altcoin mining. Just saying, seems similar to stuff in the past.

I had to deal with on what to mine and what to HODL to keep the doors open on the mining operations.

[Searing]

What are your music choices to play when Bitcoin Pumps?

Put your choices here, via youtube or whatever so we can have a selection of BTC pump/FOMO music to choose from!

Seems to be the time to 'crank up the FOMO/PUMP/HODL music choices again for me. (see choice below)

Thread here: https://bitcointalk.org/index.php?topic=5157131.new#new

--------------------------------------
Secret Agent Man is my choice of song. The lyrics seem to sum up the life of danger for those of us in Bitcoin and Crypto!



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

For fun, post your HODL/FOMO/PUMP music you listen to on the thread above.

later

Brad

[Last of the V8s]

Thousand dollar daily dildo.

[serveria.com]

What are your music choices to play when Bitcoin Pumps?

Put your choices here, via youtube or whatever so we can have a selection of BTC pump/FOMO music to choose from!

Seems to be the time to 'crank up the FOMO/PUMP/HODL music choices again for me. (see choice below)

Thread here: https://bitcointalk.org/index.php?topic=5157131.new#new

--------------------------------------
Secret Agent Man is my choice of song. The lyrics seem to sum up the life of danger for those of us in Bitcoin and Crypto!



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

For fun, post your HODL/FOMO/PUMP music you listen to on the thread above.

later

Brad

This: https://youtu.be/ZaI2IlHwmgQ  on 100% volume 

[Searing]

Thousand dollar daily dildo.

yep, just reading the above I got a bit of a 'tiny' Bitcoin 'woody'

[JayJuanGee]

AYH by the end of tomorrow please.

    It would be nice if the price of BTC got all the way up to 20,000 USD by tomorrow. However, I am almost positive with such a rapid rise, we would have a very deep correction, since many people caught in the December 2017 parabolic rise would love to unload and be done with BTC.

I agree with the first part of your thesis, bones, including that going straight up to $20k might be a bit unsettling to the price and even difficult to sustain in any kind of meaningful way...

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

Yep, said better than I could say.

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

but I think that my reasons differ from yours... including that such an upwards price move to $20k would be too soon and too fast...

-----------

Ditto, would like it to plug to say 20k over a period of saying at LEAST 6-9 months, so folk could get used to the idea.

Don't get me wrong.  I would not be suggesting that any kind of BTC price stability would likely in the $17,500 to $24k arena, unless the BTC price were to bounce quite above that range first before coming back down.

On the other hand, we could bounce up to $20k in a relatively short period of time and then correct back down to our current price or some kind of reasonable (or not reasonable) range of our current price, give or take a few thousand dollars.

Also, kinda want to see the effect on markets of HODL'ers that run big Litecoin Operations, without a 'carry along' with the price on LTC after the halving in less than a month, that could act as a 'brake' IMHO, on Bitcoin HODL and Bitcoin Price as they have to 'redress' such if it stays flat or goes south in price. I would guess a majority of these miners are converting to Bitcoin as well.

Or, hell, it was what I used to do and what I remember from the last LTC halving, all sorts of scrambling..(currently not mining any scrypt-pow of any flavor)

I don't find it too productive to be spending too much brain power to attempt to make correlations between shitcoins and BTC price performance, including shitcoin LTC... Doesn't really matter too much about what the tail does, let's try to focus on the dog.

Similarly with  other shitcoins, sure sometimes the tail might get caught in a door or maybe it gets pulled or wagged by some other entity, but for the most part, considering other "dog" factors will remain much more important than attempting to monitor and/or attribute some causation based on tail dynamics.

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

I kind of agree with serveria, though, that a lot of the weak hands have likely been shaken and they are not going to have too much of an impact.. In other words, FOMO is going to outweigh whatever easily dumping.. while at the same time there is going to continue to be a decent amount of institutional money that is secretly (or perhaps not so secretly) trying to get in on this bullrun and even engaging in some front running attempts on the price  - including already starting to realize about a kind of inevitable upwards price dynamic that is caused by halvening.    

Unsure that I agree with above completely, but would prefer your above 'scenario' even if modest...big FOMO, IMHO, would be if the traditional markets start to get weak, if they themselves just carry on sideways in price, at their ATH, I just can't see enough FOMO for your plan. Ideally, I'm dead wrong, just saying that would get to the FOMO level you explain above, again, IMHO.

I think that I am describing a kind of phenomenon that could be taking place based on some current observations including the fact that more and more institutions are expressing greater and greater interest in bitcoin.  Surely, some of this perhaps clandestine interest of institutions could dry up and could also have some symbiotic affects on retail as well.. including a variety of normal joe blows that begin to believe that there might be some upwards price opportunities.  

Really I could give few shits about the specifics because we should be willing and able to continue to monitor a situation that seems to be evolving that seems to involve more and more players with more money that they might be ready, willing and able to put some of their value into bitcoin which can cause snowballing effects upon others, including folks who already own bitcoin but start to believe that they might want to grab a bit of a higher stake, too.  Of course, some of the buying/selling dynamics could change at any time and momentum could even dry up.... or even move towards downwards for a period of time. I am surely not wedded to the continuation of some kind of dynamic that seems to be evolving.. but also seems to be bullish for as long as it does continue to play this way.

Yeah, my only point on altcoin miners is MOST buy or HODL bitcoin, depending on how they are doing. Thus the Litecoin halving and/or the 'supposed' altcoin catch up in price and

some other stuff, COULD effect them HODL'ing and or DUMPING BTC for bills/expenses etc.

to keep their equipment and data hall stuff in play, till the next altcoin revival or depending on how they play this HODL Bitcoin. MOST miners I know dabble about 50/50 alts and

Bitcoin, as per ASIC equipment now. Thus, it is a big deal, if they have bills to pay, data halls to pay off, etc, etc. To BTC price with a quick dump.

Perhaps that means a 'dip' and buying for BTC. Just saying, there would be an effect, IMHO.

Anyway, from the usual grumbling I hear of being a miner of any manner anymore is hard as hell.

Supposedly, anyway, from my generic contacts on how altcoin mining plays into BTC. Indeed, all my HODL is from altcoin mining. Just saying, seems similar to stuff in the past.

I had to deal with on what to mine and what to HODL to keep the doors open on the mining operations.

Sure from a miners perspective, on a micro level, these kinds of thoughts will need to be entertained, but in the whole scheme of things, I doubt that miners selling BTC or LTC or a combination due to the LTC halvening would be a factor that is much more than a blip on BTC's radar.  There are bigger factors and BIGGER fish for BTC to fry, in my humble bumble opinion.

[El duderino_]

Time to go in the old nest to PUMPsleep perhaps?
Will HODLsleep at the same time

Goodnight WO-brothers!!!

[Biodom]

Last month does look similar to a 'reverse head and shoulders', which is quite bullish.
We shall see. It would probably surge once above 12500, hopefully.

The catch is, what do you look at for odds? (guesses?)

Who knows. Just using the same mental gymnastics I would use with a 'hot' bi-polar girlfriend.

When it is good it is very, very good!

When it is bad, it is very, very bad.

Trademark Bitcoin: 'Doing The Opposite Of What Everyone Expects Since 2009!

"Well, dude, we just don't know" (a quote from a famous movie)
Same with bipolarity.
in 2017 it always looked scary, but it went up 20X.
Who knew?
It is impossible to predict a top exactly OR it could be age-related.
it is tough to hodl in place when you are not a spring chicken anymore, "but try we must".

[Searing]

AYH by the end of tomorrow please.

    It would be nice if the price of BTC got all the way up to 20,000 USD by tomorrow. However, I am almost positive with such a rapid rise, we would have a very deep correction, since many people caught in the December 2017 parabolic rise would love to unload and be done with BTC.

I agree with the first part of your thesis, bones, including that going straight up to $20k might be a bit unsettling to the price and even difficult to sustain in any kind of meaningful way...

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

Yep, said better than I could say.

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

but I think that my reasons differ from yours... including that such an upwards price move to $20k would be too soon and too fast...

-----------

Ditto, would like it to plug to say 20k over a period of saying at LEAST 6-9 months, so folk could get used to the idea.

Don't get me wrong.  I would not be suggesting that any kind of BTC price stability would likely in the $17,500 to $24k arena, unless the BTC price were to bounce quite above that range first before coming back down.

On the other hand, we could bounce up to $20k in a relatively short period of time and then correct back down to our current price or some kind of reasonable (or not reasonable) range of our current price, give or take a few thousand dollars.

Also, kinda want to see the effect on markets of HODL'ers that run big Litecoin Operations, without a 'carry along' with the price on LTC after the halving in less than a month, that could act as a 'brake' IMHO, on Bitcoin HODL and Bitcoin Price as they have to 'redress' such if it stays flat or goes south in price. I would guess a majority of these miners are converting to Bitcoin as well.

Or, hell, it was what I used to do and what I remember from the last LTC halving, all sorts of scrambling..(currently not mining any scrypt-pow of any flavor)

I don't find it too productive to be spending too much brain power to attempt to make correlations between shitcoins and BTC price performance, including shitcoin LTC... Doesn't really matter too much about what the tail does, let's try to focus on the dog.

Similarly with  other shitcoins, sure sometimes the tail might get caught in a door or maybe it gets pulled or wagged by some other entity, but for the most part, considering other "dog" factors will remain much more important than attempting to monitor and/or attribute some causation based on tail dynamics.

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

I kind of agree with serveria, though, that a lot of the weak hands have likely been shaken and they are not going to have too much of an impact.. In other words, FOMO is going to outweigh whatever easily dumping.. while at the same time there is going to continue to be a decent amount of institutional money that is secretly (or perhaps not so secretly) trying to get in on this bullrun and even engaging in some front running attempts on the price  - including already starting to realize about a kind of inevitable upwards price dynamic that is caused by halvening.    

Unsure that I agree with above completely, but would prefer your above 'scenario' even if modest...big FOMO, IMHO, would be if the traditional markets start to get weak, if they themselves just carry on sideways in price, at their ATH, I just can't see enough FOMO for your plan. Ideally, I'm dead wrong, just saying that would get to the FOMO level you explain above, again, IMHO.

I think that I am describing a kind of phenomenon that could be taking place based on some current observations including the fact that more and more institutions are expressing greater and greater interest in bitcoin.  Surely, some of this perhaps clandestine interest of institutions could dry up and could also have some symbiotic affects on retail as well.. including a variety of normal joe blows that begin to believe that there might be some upwards price opportunities.  

Really I could give few shits about the specifics because we should be willing and able to continue to monitor a situation that seems to be evolving that seems to involve more and more players with more money that they might be ready, willing and able to put some of their value into bitcoin which can cause snowballing effects upon others, including folks who already own bitcoin but start to believe that they might want to grab a bit of a higher stake, too.  Of course, some of the buying/selling dynamics could change at any time and momentum could even dry up.... or even move towards downwards for a period of time. I am surely not wedded to the continuation of some kind of dynamic that seems to be evolving.. but also seems to be bullish for as long as it does continue to play this way.

Yeah, my only point on altcoin miners is MOST buy or HODL bitcoin, depending on how they are doing. Thus the Litecoin halving and/or the 'supposed' altcoin catch up in price and

some other stuff, COULD effect them HODL'ing and or DUMPING BTC for bills/expenses etc.

to keep their equipment and data hall stuff in play, till the next altcoin revival or depending on how they play this HODL Bitcoin. MOST miners I know dabble about 50/50 alts and

Bitcoin, as per ASIC equipment now. Thus, it is a big deal, if they have bills to pay, data halls to pay off, etc, etc. To BTC price with a quick dump.

Perhaps that means a 'dip' and buying for BTC. Just saying, there would be an effect, IMHO.

Anyway, from the usual grumbling I hear of being a miner of any manner anymore is hard as hell.

Supposedly, anyway, from my generic contacts on how altcoin mining plays into BTC. Indeed, all my HODL is from altcoin mining. Just saying, seems similar to stuff in the past.

I had to deal with on what to mine and what to HODL to keep the doors open on the mining operations.

Sure from a miners perspective, on a micro level, these kinds of thoughts will need to be entertained, but in the whole scheme of things, I doubt that miners selling BTC or LTC or a combination due to the LTC halvening would be a factor that is much more than a blip on BTC's radar.  There are bigger factors and BIGGER fish for BTC to fry, in my humble bumble opinion.

yeah, I guess you are correct, what was the miners vs hold'ers of 2013/14/15 to the amount of BTC miners now is likely micro-economically speaking.

You'd not think so from the massive grumbling from miners and tariffs etc. Indeed, having a mixed room of farmers and miners and overhearing the conversations

in equipment depreciation and capital gains tax, etc. You'd not be able to tell them apart. But yeah, forgot the universe has gotten much bigger with BTC for this to matter much.

Brad

[El duderino_]

Nice bag, is it a real photo??

[BitcoinNewsMagazine]

Nice bag, is it a real photo??

Looks like it this could be the bag https://www.ideanow.online/store/BITCOINS-Bag-p100718524

[Searing]

Nice bag, is it a real photo??

Looks like it this could be the bag https://www.ideanow.online/store/BITCOINS-Bag-p100718524

Who are these dudes? Should I know them?

Or are they simply unlucky and getting laid off today as per today's news story. (see link below)

https://news.yahoo.com/deutsche-bank-axes-whole-teams-035923375.html