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

[Toxic2040]

good morning charts

#dyor

full kitteh at night, sailors delight   and no..i dont mean Saylor..its just part of a old ditty
1h


turtle takes otter by the tail
4h

#stronghands

[Dabs]

                                                           

How do we get one?

[DaRude]

Citybank said a $300k coin next year.

Jokers...

Citigroup has 204,000 employees.  Not really surprising that different parts of the business have differing views on related topics - the $300k bitcoin proposition came from their FX business (so looking at it from a currency perspective and was almost certainly being deliberately provocative); the assessment of Micro Strategy is from Equity research (looking at the future for the Micro Strategy business).  Expecting everyone at Citi to have exactly the same perspective is like expecting bitcointalk to only have one view on bitcoin ...

Even setting aside the size of the organisation and the different business views, one can be both positive about an asset AND believe someone is over-exposed to that asset at the same time.

Then where's the value in their views? Selective memory for a fortune teller? As long as you have 2 divisions they can always issue opposing "views" and you only "remember"/talk about the correct one win/win situation

[Toxic2040]

daily addendum

in a ideal world we would print a lower low than the November 26th one at $16.1k

not sure we live in a ideal world...but the correction we have seen so far is good for the market long term imho

further thoughts

the time is soonish.. tell the ones you love..the ones you respect..your neighbors..
the train is leaving the station for early adopters..its still not too late
onboard those you can..the best thing you can say to newbies it that saying
bitcoin is not a get rich quick scheme..its a not get poor slowly hedge against legacy fiat systems


steady as she goes

D

#stronghands

[xhomerx10]

                                                           

How do we get one?

 First, you must become the dude

[Indymoney]

                                                           

How do we get one?

 First, you must become the dude

What is requirment to become the dude 

[BobLawblaw]

Jesus Christ I'm going full degenerate. Just decided to purchase another $100 worth of dip on Paypal with some of the cash balance I've accrued.

I hate myself.

[xhomerx10]

Jesus Christ I'm going full degenerate. Just decided to purchase another $100 worth of dip on Paypal with some of the cash balance I've accrued.

I hate myself.

 No! It's working!  The price is trying to pump again.  Thank you Mr. Lawblaw.

[JimboToronto]

Jesus Christ I'm going full degenerate. Just decided to purchase another $100 worth of dip on Paypal with some of the cash balance I've accrued.

I hate myself.

Dude. Love yourself. (*nomasto)

What you sold for $16.2k was for a good reason.

Continuing to accumulate is a good thing. Take advantage of these bargain basement prices.

Don't feel bad.

[tertius993]

Citybank said a $300k coin next year.

Jokers...

Citigroup has 204,000 employees.  Not really surprising that different parts of the business have differing views on related topics - the $300k bitcoin proposition came from their FX business (so looking at it from a currency perspective and was almost certainly being deliberately provocative); the assessment of Micro Strategy is from Equity research (looking at the future for the Micro Strategy business).  Expecting everyone at Citi to have exactly the same perspective is like expecting bitcointalk to only have one view on bitcoin ...

Even setting aside the size of the organisation and the different business views, one can be both positive about an asset AND believe someone is over-exposed to that asset at the same time.

Then where's the value in their views? Selective memory for a fortune teller? As long as you have 2 divisions they can always issue opposing "views" and you only "remember"/talk about the correct one win/win situation

The two views are about totally different things: the first is about the potential of Bitcoin as a currency; the second about their view of Microstrategy and their business.  Even if they believe consistently that Bitcoin will increase in value in the medium term (12 months say) they may also believe that Microstrategy are diverting funds in the short term (ie now) at the cost of investing elsewhere and that may have an adversely impact on their business.

I should say I don’t know specifically what the rationale underpinning their views actually is I am simply showing how I think it possible for an organisation to hold both views and still be consistent.  I’d also say that in any case I think your expectation of absolute consistency across such an organisation is probably unrealistic, but not because of any carefully thought through malice and simply because they are so large with such differing business drivers across different divisions that they have naturally different views.

[sirazimuth]

                                                           

How do we get one?

 First, you must become the dude

I have owed the dude a debt of gratitude for the generous prize I won (4/2019) merely for being lucky.

[xhomerx10]

                                                           

How do we get one?

 First, you must become the dude

I have owed the dude a debt of gratitude for the generous prize I won (4/2019) merely for being lucky.

 Well now you're both lucky. 

[serveria.com]

Jesus Christ I'm going full degenerate. Just decided to purchase another $100 worth of dip on Paypal with some of the cash balance I've accrued.
I hate myself.

Don't be so hard on yourself Bawb! 

[DaRude]

Citybank said a $300k coin next year.

Jokers...

Citigroup has 204,000 employees.  Not really surprising that different parts of the business have differing views on related topics - the $300k bitcoin proposition came from their FX business (so looking at it from a currency perspective and was almost certainly being deliberately provocative); the assessment of Micro Strategy is from Equity research (looking at the future for the Micro Strategy business).  Expecting everyone at Citi to have exactly the same perspective is like expecting bitcointalk to only have one view on bitcoin ...

Even setting aside the size of the organisation and the different business views, one can be both positive about an asset AND believe someone is over-exposed to that asset at the same time.

Then where's the value in their views? Selective memory for a fortune teller? As long as you have 2 divisions they can always issue opposing "views" and you only "remember"/talk about the correct one win/win situation

The two views are about totally different things: the first is about the potential of Bitcoin as a currency; the second about their view of Microstrategy and their business.  Even if they believe consistently that Bitcoin will increase in value in the medium term (12 months say) they may also believe that Microstrategy are diverting funds in the short term (ie now) at the cost of investing elsewhere and that may have an adversely impact on their business.

I should say I don’t know specifically what the rationale underpinning their views actually is I am simply showing how I think it possible for an organisation to hold both views and still be consistent.  I’d also say that in any case I think your expectation of absolute consistency across such an organisation is probably unrealistic, but not because of any carefully thought through malice and simply because they are so large with such differing business drivers across different divisions that they have naturally different views.

Isn't that the whole point of the CEO, to consolidate and provide consistent message across different possibly competing divisions? But why do it when you can use it to your advantage
Bitcoin moons - remind people how our division predicted $300k/BTC
Bitcoin tanks - remind people how we correctly downgraded Micro Strategy because of their exposure to BTC
why take a single corporate stand when you can cover both cases at once

[Globb0]

The dude is a dude!

I hold in high esteem.


I volunteer myself as a knight of the dude.

Dude. My Liege

I am at your service

[xhomerx10]

                                                           

How do we get one?

 First, you must become the dude

What is requirment to become the dude 

 You have to join the Church of the Latter-Day Dude where you will receive the book of Duderonomy.  You must internalize its contents.  This is the first step on the path to becoming the dude.  Few are worthy of dude-aciousness.

excerpt:
1. Thou shalt always use fresh creamer when preparing the sacramental beverage. To ensure its freshness, it must be sniffed and even sampled before purchase. If it is unclean, put it back.

[philipma1957]

Good morning Bitcoinland.

Bouncing along in the $18xxx range (with a very short-lived dip under $18k)... currently $18447USD/$23615CAD (Bitcoinaverage).

Ready to resume the ongoing battle for $19k. $20k before year's end? Let's wait and see.

Go Bitcoin go.

Price can not go over 20k for months.

Why not?

Why will go over 20k this month?  It can go or will not go for months. So there are two options and not just one option that it will go over 20k really fast. There is a lot of hype lately. Specially when people falsely compare this year with 2017 instead of 2016.  In January 2017 Bitcoin reached old ATH, but then there was a correction and only from May 2017 it start grow substantially beyond ATH. I am not saying it will totally repeat as it was 4 years ago. But it is possible it will. Probably higher possibility than to expect that Bitcoin will go over 20k this month and never go below anymore.

Actually we're fairly close in our projections.

I've always pointed out that what has been happening these last few months is comparable to what happened in late 2016 not to what happened in 2017, must a month or two later.  

When we finally broke the old ATH in January 2017, we quickly had a massive correction from just over $1100 to just under $800. This was equivalent to the massive correction from almost $20k down to barely over $16k this year.

When it took over a month to reach another ATH before correcting again, naive bears kept waiting for $800 again like it was the holy grail. Needless to say it never made it that low again, barely reaching as low as $900 briefly in March before starting its long exponential growth up to almost $20k.

I'm not saying $20k will necessarily be broken this month or next, but it very easily could be. It's far more likely than going as low as $16k ever again. Talk of $14k is just wishful thinking on the part of foolish bears who made the mistake of selling and are dreaming of buying back at a lower price.

I was just taking exception to your saying that the "price can not go over 20k for months". It most certainly can and probably will.

This is my opinion pretty much just the same as yours.

[JayJuanGee]

Just bought YET ANOTHER $500 bowl of dip.

I should probably go to bed now...

Goodnight, good buying ..... tomorrow 500=600 or something  

This may be the dip that everyone has been waiting for.....

How low will it go, though?

Perhaps lower $17ks?

lower $16ks?

lower than that?  We will see.  We will see.

Not buying atm period.....!

You party poop, JSRAW!!!!!  Maybe you should let us know if 4 digits are over yet?  or you don't wanna say anything, bhai.  

By the way, it looks like my earlier post was at the peak of that particular dippening that brought the BTC price down to $17,640... so not really sure if that is the bottom... could be?  or we might see some more attempts to get the BTC price down lower and for longer.. Of course, there is incentives for the bearwhales to get the BTC price down as low as they can and hold it for as long as they can.. but it is NOT always clear if they are going to be able to accomplish their hopenings...

Also, just a reminder.. we still be in no man's land.. whatever that happens to mean.      

lower $16ks?

Galactic Federation will never allow that.

That's the spirit Phil_S!!!!!

Our new WO sorcerer for reals.  Congrats.



 

Price can not go over 20k for months.

Why not?

Why will go over 20k this month?  It can go or will not go for months. So there are two options and not just one option that it will go over 20k really fast. There is a lot of hype lately. Specially when people falsely compare this year with 2017 instead of 2016.  In January 2017 Bitcoin reached old ATH, but then there was a correction and only from May 2017 it start grow substantially beyond ATH. I am not saying it will totally repeat as it was 4 years ago. But it is possible it will. Probably higher possibility than to expect that Bitcoin will go over 20k this month and never go below anymore.

I agree with everything that you say in this above post,.. Febo.. except there are more than two options... even though two options as you have outlined them might be amongst the more likely of scenarios to play out. 

One thing about the future... Until it actually happens, there exist lots of options, so it seems...

[JimboToronto]

-snip-

This is my opinion pretty much just the same as yours.

Our main discrepancy is the projected top of the coming bubble.

You call for only 5 digits. I see over a quarter million before the big correction.

I guess we'll have to wait and see.

[Indymoney]

                                                           

How do we get one?

 First, you must become the dude

What is requirment to become the dude 

 You have to join the Church of the Latter-Day Dude where you will receive the book of Duderonomy.  You must internalize its contents.  This is the first step on the path to becoming the dude.  Few are worthy of dude-aciousness.

excerpt:
1. Thou shalt always use fresh creamer when preparing the sacramental beverage. To ensure its freshness, it must be sniffed and even sampled before purchase. If it is unclean, put it back.