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

[infofront]

good god

nightmare on alt street

Yeah it's pretty bad out there.

[JayJuanGee]

without opining on post-halving/halvening course, it would be interesting if 2019 is a mini-me of 2013.

13.8K would represent a first peak (342% up)
6.6K-9K and in any case less than 73% (50-73% most likely) decline would represent the equivalent of the 2013 summer doldrums.
The second leg up: from, say, $8.4K to 28.7K or from 6.6K to 22.57K or from 9K to 30.8K (the latter two map the outlier marks of the destination).
Explanation: I chose percentages of the upside in the second leg to be the same as the first leg (as they were similar between two 'legs' in 2013 as well).

Even though we might be able to have two peaks, y0our comparison does not even seem close to me, unless either you:  1) count the first 2013 peak as the 2017 $19,666, then that would mean that the next peak is to come or 2) this $13,880 cannot be a peak except to be a kind of late 2015 peak of $504, which is just an intermediate stage, but anyhow under a second "two peaks theory" then the two peaks would still be to come, so maybe we would have a peak this year and another one next year, but the peaks still have to each be ATHs like they were in 2013... so anyhow, I am getting all screwed in the head merely attempting to rebutt your $13,880 peak theory because $13,880 is no kind of meaningful peak, its just an intermediate stop, like a baby peak (or a baby bullhorn spouting out of its little head before dee bull grows UPpity)

If you forget about the 19780 peak (for the sake of an argument) and focus on the $3122 low as the new bull market start, then $13.8K is a first local peak of the two-peak hypothesis and $22.57K-30.8K peak would be the second one. There is no rule that the first local peak of any move HAS to be above ATH.
BTW, it is not clear yet if $13.8K is a short term stop or a medium term (few months) peak.

I still stand by my previous post.

You can neither assume away the most important context, which is the $19,666 peak form late 2017 nor can you suggest that the fact that $13,880 is not an ATH is not a relevant consideration.  Snap into reality and deal with the real and certainly relevant facts, Biodom.   



Makes little sense to make a scenario that does not account for real and materially important contextual components that likely underly BTC price drives and current ongoing BTC price dynamics.

[realr0ach]

good god

nightmare on alt street

I think somebody like Rothschild said the main purpose of the stock market is to suck up all the valueless fiat and have people chasing casino parlor games with the money instead of causing hyperinflation by dumping it all for actual real goods or commodities.  There's a valid comparison in there somewhere between Bitcoin and the other 5 billion craptocurrencies.

[JayJuanGee]

hemorrhaging has slowed for now but unsure where and when it might stop  

1h


4h


D

#dyor

If the alts are any indicator this ship is going to sink hard

Alts always bleed more than BTC, they never really had a big boost like BTC did since the 3k pump as well. I wouldn't worry about alts being any indicator for now.

That’s not accurate at all. This pump was led first by alts.

Alts don't lead shit in this market, you dumb fuck.

Merely because an alt or two might run to the front of an already moving mob and label themselves as the leader of the group does not make the ones in front to be the leader... get a grip.

Eth went from 83 to 363 and Ltc from 23 to 146.. Eth went up almost exactly the same multiple as Btc and ltc even more. These have been in lock step with each other and now for some reason Btc is floating in the air at 10k while the others look like they just gave up 2 months of gains.

I won’t be surprised to see Btc head below 8k to join the rest..

Focus prophetx..... focus....   You seem to be unable or unwilling to recognize the difference between correlation and causation.

[realr0ach]

This man has surpassed even Migoossens and JayJuanGee in terms of delusional, digital scamcoiners:

[JayJuanGee]

good god

nightmare on alt street

Yeah it's pretty bad out there.

Sure is nice that some of this is coming while BTC is bouncing around $10k.

Some of us were tentatively of the belief that BTC had to go below $3k in order for this kind of a purging scenario to have reasonable chances of playing out.

[JayJuanGee]

This man has surpassed even Migoossens and JayJuanGee in terms of delusional shitcoin idiots:

You are the main one who comes off as delusional, roach....   including the fact that you are citing bcash bullshit in this thread...

I don't come anywhere near to believing that money (from my becoming filthy rich through bitcoin) is going to buy me much if anything directly in terms of life extension... Only expect that rich peeps can afford to engage in more healthy lifestyles, if they so choose, and that will likely be my attempts to engage in healthy lifestyle, to the extent that I am able to with all my scrooge mcduck levels of wealth..

You on the other hand, might not be able to live very long if you don't diversify somewhat out of some of your crap PMs that, in the coming years, might even be manipulated into depreciating worse than the dollar.   Certainly they are not going to be able to come, even close, to keeping up with the likely price appreciation of BTC. 

[realr0ach]

JayJuanGee, how do you feel about the coming r0ach world order where Trump bans Bitcoin for being a Ponzi scam and revalues gold to $10,000 and silver to $500?  And where my son Infofront now directly controls Trump's Twitter account:

https://dailystormer.name/trump-tells-brown-communist-democrats-to-leave-america-return-to-their-shitholes/

[katrinmi]

Another typical day of my life.

[VB1001]

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Good morning WO,s

StrongHats / Hodl / BTC

[Biodom]

without opining on post-halving/halvening course, it would be interesting if 2019 is a mini-me of 2013.

13.8K would represent a first peak (342% up)
6.6K-9K and in any case less than 73% (50-73% most likely) decline would represent the equivalent of the 2013 summer doldrums.
The second leg up: from, say, $8.4K to 28.7K or from 6.6K to 22.57K or from 9K to 30.8K (the latter two map the outlier marks of the destination).
Explanation: I chose percentages of the upside in the second leg to be the same as the first leg (as they were similar between two 'legs' in 2013 as well).

Even though we might be able to have two peaks, y0our comparison does not even seem close to me, unless either you:  1) count the first 2013 peak as the 2017 $19,666, then that would mean that the next peak is to come or 2) this $13,880 cannot be a peak except to be a kind of late 2015 peak of $504, which is just an intermediate stage, but anyhow under a second "two peaks theory" then the two peaks would still be to come, so maybe we would have a peak this year and another one next year, but the peaks still have to each be ATHs like they were in 2013... so anyhow, I am getting all screwed in the head merely attempting to rebutt your $13,880 peak theory because $13,880 is no kind of meaningful peak, its just an intermediate stop, like a baby peak (or a baby bullhorn spouting out of its little head before dee bull grows UPpity)

If you forget about the 19780 peak (for the sake of an argument) and focus on the $3122 low as the new bull market start, then $13.8K is a first local peak of the two-peak hypothesis and $22.57K-30.8K peak would be the second one. There is no rule that the first local peak of any move HAS to be above ATH.
BTW, it is not clear yet if $13.8K is a short term stop or a medium term (few months) peak.

I still stand by my previous post.

You can neither assume away the most important context, which is the $19,666 peak form late 2017 nor can you suggest that the fact that $13,880 is not an ATH is not a relevant consideration.  Snap into reality and deal with the real and certainly relevant facts, Biodom.  



Makes little sense to make a scenario that does not account for real and materially important contextual components that likely underly BTC price drives and current ongoing BTC price dynamics.

ya, ya...If my scenario has a chance (aka we go deep to 6.6K-9K), then buying some at those levels (rather than buying right here) would be more sensible.

[JayJuanGee]

JayJuanGee, how do you feel about the coming r0ach world order where Trump bans Bitcoin for being a Ponzi scam and revalues gold to $10,000 and silver to $500?  And where my son Infofront now directly controls Trump's Twitter account:

https://dailystormer.name/trump-tells-brown-communist-democrats-to-leave-america-return-to-their-shitholes/

To the extent that my feelings matter, I feel that you are delusional if you believe that such striking changes would be possible under current political circumstances, and even that bans of bitcoin would be a very practical route for any administration to attempt, because even if Trump is a relatively dumb fuck when it comes to dealing with complex matters, he likely is still surrounded by a lot of capable people who would understand that bitcoin is different from other crypto currencies and is different from facebook, which might allow more of an ability to ban those other coins rather than bitcoin, but even attempting to ban crypto currencies would be a messy and complicated endeavor that is likely already attempting to be conceptually grappled with from a lot of governmental angles (and even ongoingly and contradictorily).

[JayJuanGee]

Another typical day of my life.

Why would you cry?  You holding alt coins?

If you were holding bitcoin, there should not be any real reason to cry, right?

Bitcoin was up about 3.5x from April 1 to late june, but now, it is only 2.4x up...   

As a mostly BTC HODLer and BTC accumulator, difficult for me to cry in these times and these current market circumstances.

[katrinmi]

Another typical day of my life.

Why would you cry?  You holding alt coins?

If you were holding bitcoin, there should not be any real reason to cry, right?

Bitcoin was up about 3.5x from April 1 to late june, but now, it is only 2.4x up...   

As a mostly BTC HODLer and BTC accumulator, difficult for me to cry in these times and these current market circumstances.

Yeah, you got that right.
I was holding a little bit of Bitcoin in my hand, but then I was liquidated, and then I wanted to cover my losses with alts gains , and now I'm fucked.

[JSRAW]

~snip~

You fucking liar (oh, what would I expect?  don't scammers lie on pathological and repetitive basis?).


Vast majority of trolls like you, promise to leave, and never do it... Look at roach.... cannot fucking stop.... and even feel a bit bad for roach, because even roach as a troll shill does not scam to as stupidly high a level as you.....

Anyhow, I will believe your voluntary exit when I see it... most likely any true exit from a degenerate troll/shill/scammer like you would be that you would be banned.... hope springs eternal....  

roach is better than this dude. roach only comes here, because he want to save our soul from Evil Jews and digital scamcoiners. even some user talks about him over dinner

[JayJuanGee]

[edited out]

ya, ya...If my scenario has a chance (aka we go deep to 6.6K-9K), then buying some at those levels (rather than buying right here) would be more sensible.

Personally, I would not recommend playing around like that, and we are already in an area that is 25% or so correction from the top.

Of course, we could get a correction of 50% or more, but personally, I am already comfortable buying all the way down to $7k or even further down, if BTC prices were to happen to go there... which also means that at this time, I am not putting off any kind of buying opportunities, and I will buy all the way down in relatively tight price increments.

So, yeah, if the price ends up going shooting down to $7k or even lower, then maybe I would feel a tiny bit of retrospective resentment that I did not hold off on my BTC purchases for a lower price, but there is almost no fucking way that I have that much confidence that our current correction is going to be any larger than it already has been (down to $9,855). 

Anyhow, I don't play gambling like that.

Furthermore, your first point seemed to have been an attempt to make an overall assessment about being in a 2013 pattern, and I was focusing on the lack of comparability of the peaks; however, now I see that you seem to be a bit more preoccupied with the potential severity of this current trough.  I was not convinced about your faulty analysis of the double peaks, and I surely would hate to attempt to rely on your projection of a possible deep trough based on the same overlay of a timeframe that I don't even believe to be an accurate overlay for other reasons.

Accordingly, I had already mentioned that I thought that we might be in a kind of early 2016-like scenario, which does not necessarily justify much if any further downward movement,  but instead a kind of prolonged consolidation that could take a few months before we again break above $13,880.. which would be like in late May 2016 when we broke back above $504.

So whatever do what you like?  Put off some of your buying decisions and you might get lucky, but you might just get roached  if you are not preparing for both up and down, and perhaps if you are not selling BTC, but merely delaying purchasing of BTC then you will not get burned as badly as roach or even billyjoeallen had gotten burned... in a kind of butt hole hurting way.   


In other words, HODL and ACCUMULATL!!!!!!!!!   you greedy fucks (generally, not you specifically, Biodom).   

[JayJuanGee]

Another typical day of my life.

Why would you cry?  You holding alt coins?

If you were holding bitcoin, there should not be any real reason to cry, right?

Bitcoin was up about 3.5x from April 1 to late june, but now, it is only 2.4x up...   

As a mostly BTC HODLer and BTC accumulator, difficult for me to cry in these times and these current market circumstances.

Yeah, you got that right.
I was holding a little bit of Bitcoin in my hand, but then I was liquidated, and then I wanted to cover my losses with alts gains , and now I'm fucked.

Oh gawd!!!!!

Hopefully, you can learn from your mistakes, but many of us have been lecturing about NOT gambling and NOT fucking around with alts, and attempting to focus ur selfie on bitcoin, and so many peeps seem to know better, so it is difficult to say how many alt coin dabblers continue to not learn.

There are a few guys here who seem to have mostly learned their lessons from past price cycles in which they may have sacrificed too many BTC in their back and forth attempts to risk too many BTC while trying to accumulate BTC through alt coin phoney baloney that may or may not end up working out.

[vroom]

<sarcasm>
in the last days you have seen my magic power to manipulate the bitcoin price down. if you don't pay me 50 bitcoin till tomorrow, I will let the price dump to $1.000. it's your choice. moon or hell.
</sarcasm>

[JayJuanGee]

~snip~

You fucking liar (oh, what would I expect?  don't scammers lie on pathological and repetitive basis?).


Vast majority of trolls like you, promise to leave, and never do it... Look at roach.... cannot fucking stop.... and even feel a bit bad for roach, because even roach as a troll shill does not scam to as stupidly high a level as you.....

Anyhow, I will believe your voluntary exit when I see it... most likely any true exit from a degenerate troll/shill/scammer like you would be that you would be banned.... hope springs eternal....  

roach is better than this dude. roach only comes here, because he want to save our soul from Evil Jews and digital scamcoiners. even some user talks about him over dinner

I don't disagree with you in principle, but fuck, we should not be saying anything nice about roach, even if he might happen to be relatively better than a more degenerate and outright annoying scammer.    

Roach's head is going to get too BIG, then we have to deal with the fall out of that less degenerate, degenerate fucktwat, aka roach the dweeb.. pretty soon you are going to say that you like gembitz, too, just as another regular member had posted recently.  What's this place coming too?   

[nutildah]

<sarcasm>
in the last days you have seen my magic power to manipulate the bitcoin price down. if you don't pay me 50 bitcoin till tomorrow, I will let the price dump to $1.000. it's your choice. moon or hell.
</sarcasm>

OK you got me. Send me your BTC address and I'll fund immediately. I can't take this downward movement no mo. After all, its for the greater good, right?

<also sarcasm>