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

[fonzie]

https://bitcointalk.org/index.php?topic=559749.0

在這種情況下，這將是負的$ 100，[/ B]

Impossible!

Chinese themself are still in denial, they still haven´t realized how bad the overall situation really is.
I think i have to post more in their local sub-forum to keep them up to date what´s goin on.

[JayJuanGee]

Why are there only two cases and why do you believe that a downwards move from here is the end of bitcoin? It could very well recover in some years time.

I said - the speculative weight will bring it down. all the capital is speculative. 99%. if this asset is not performing in 6 months time, the crash will self perpetuate to zero. by then investors could afford to replace it with a new coin. google could pounce on the opportunity, for example. Ripple (although inferior) might hold the fort until bitcoin is dead.

Btc is worth $10k alone on notary.. now add other use cases.. speculative is a special word here.

I never heard of Notary being able to increase BTC prices... how so?  Why would you need a certain amount of BTC to perform notary?  I can see remittances causing a very high demand for BTC.. b/c let's say you want to transfer 1000 dollars from one country to another.  .. you purchase the appropriate amount of BTC and perform the transmission.. and it could be that the dollars would be in BTC for a while.. before it can be used again.. that creates value.. and maybe the same BTC can be used several times in a 24 hour period to transfer value to and from various parts of the world.. that causes BTC prices to increase.    A notary is an administration function.. how would that create value.. could do it with 1 satoshi.. no?  can you explain?

[JayJuanGee]

Would you give up trying to convince everyone that this is the bottom and the reversal is about to happen to a new ATH you clowns. You know very well from these charts that the odds are we are going down even further, below 400, but you're angry because you're stuck in your stubborn HODL position.  I guess HODL isn't so glorious now, is it.

I used to enjoy your TA posts, but ever since you turned bear they've gotten so nasty and bitter, that they just make me cringe 

It makes me wonder, really, whether posters are being genuine and non-biased when they are transforming from bearish to bullish without really putting their transformation in a convincing argument.... and then when they seem to be throwing out mudslinging and calling names to peeps with an alternative view.. ... Makes it seem as if there may be some ulterior motive at work.

[JayJuanGee]

Btc is worth $10k alone on notary.. now add other use cases.. speculative is a special word here.

in theory, it has huge intrinsic value. but it needs the infrastructure, which it doesn't have right now. I cant think of a single use of bitcoin that can support a price of more than, say, $50 today. speculators exiting the market would crush that price support.

Common Chestnut... YOU  are converting into a bear too?  We really must be due for a turn around any time soon.. Maybe you should call us remaining quasi-bulls a few names too and threaten us?  he he he

[ChartBuddy]

Explanation

[fonzie]

@JayJuanGee

The situation is not as bad as it looks. Almost 31.5% are still somewhat bullish in this forum.

When China is out of the game what do you think in which range will we be tradin for months after that?
5-85$    - 9 (8.3%)
85$-140$    - 8 (7.4%)
140$-180$    - 6 (5.6%)
180$-250$    - 5 (4.6%)
250$-306$    - 14 (13%)
306$-400$    - 22 (20.4%)
400$-450$ (unrealistic option)    - 14 (13%)
450$-480$ (delusional option)    - 20 (18.5%)
0$ GAME OVER (igorr option)    - 6 (5.6%)
-100$    - 4 (3.7%)

[chessnut]

Btc is worth $10k alone on notary.. now add other use cases.. speculative is a special word here.

in theory, it has huge intrinsic value. but it needs the infrastructure, which it doesn't have right now. I cant think of a single use of bitcoin that can support a price of more than, say, $50 today. speculators exiting the market would crush that price support.

Common Chestnut... YOU  are converting into a bear too?  We really must be due for a turn around any time soon.. Maybe you should call us remaining quasi-bulls a few names too and threaten us?  he he he

NO IM NOT! LOL! I got bull fever baby!

I said just a bit earlier, I was discussing a hypothetical bear situation with TERA. I dont believe that this is the case however.

[JayJuanGee]

Btc is worth $10k alone on notary.. now add other use cases.. speculative is a special word here.

in theory, it has huge intrinsic value. but it needs the infrastructure, which it doesn't have right now. I cant think of a single use of bitcoin that can support a price of more than, say, $50 today. speculators exiting the market would crush that price support.

All speculators exiting at the same time would require that everyone recognizes at the same time that bitcoin has no value whatsoever. Of course 50 USD would be crushed. The probability of that happening right now is close to 0.
Millions of USD are being invested by angel investors in the infrastructure right now, hundreds of ATM are being planned and installed. The money is not going in the bitcoin for now but in its infrastructure.
When bitcoin price is going up, it increases the relative return on capital on companies and infrastructure investment as compared to direct bitcoin investment. Which means more interesting to invest in infrastructure. As the money is going to infrastructure, it is not going in BTC anymore which is depressing the price while investments are being made in infrastructure (current situation).



The last bull run has triggered massive investment decisions in the startups and infrastructure. This money is going "in" bitcoin but not affecting the BTC price. Yet.

That seems like a very good point.. and it could even allow for BTC price stagnation for an additional 6 months or so from today... but sooner or later, as you seem to be implying, we are going to get some transference of focus from infrastructure towards the acquisition of BTC to facilitate and publicize the use of these various infrastructure pieces.. which will likely cause considerable demand for bitcoins and fractions thereof.. (satoshis)

[fonzie]

chessnut is a whale and a shill, who´s slowly tryin to unload his coins.
He´s tryin hard to keep the hopes high and convertin people to send fresh money to Stamp and build up buy walls
until he crashes them.

[chessnut]

chessnut is a whale and shill, who´s slowly tryin to unload his coins.
He´s tryin hard to keep the hopes high and convertin people to send fresh money to Stamp and build up buy walls
until he crashes them.

Lol you flatter me fonzie.... but I thought you where a whale trying to get cheap coins?

[fonzie]

There is no cheap in Bitcoin anymore, only good shorting positions opened @ high prices.

[dreamspark]

Chessnut registered in Jan this year, no offence but he is not a whale lol.

[Jeezy911]

I see the bears trying real hard to push it down still. Must be mad about selling at 420? 380 is absolute bottom, too many people see under 400 as free coins at this point.

[ShroomsKit]

Does anyone honestly think that no more bad news will come out of China?

Do you honestly think it will make any difference?

what are they going to do, confirm the confirmation?

I think its niave to think that more bad news out of China doesnt drop the price again, its been confirmed pretty much since the announcment in december but every new announcement drops the price, This is due to the negativity of the news itself and also the sharks causing panic and selling on every bit of news. Its an effective stratergy as can be seen!

Exactly. China banned Bitcoin 10 times already and every single time the idiots panic sell.

[JayJuanGee]

holy shit boys....500 BTC sell wall on BFX eaten!

Seller buys his own ask wall in one bit, to enleash bullish sentiment, puts a few small asks (20-40BTC) up afterwards that are bought from the "pigs" . Useful strategy in a low volume market when someone wants to get rid of coins.

And loses a few thousand in fees, hardly worth it really...

Im afraid fonzie is right about this, it happends, i saw it few times. Guessing some have special fee discounts, close to zero type, esp on stamp, Ive seen same amount traded back and forth several times back and forth.

There could be some special fee arrangements for "friends" and "relatives" of exchange owners... That's an additional problem with some of these exchanges in which we cannot really be sure if they are or the extent to which they may have rules that apply to some groups that do NOT apply to other groups.  How wide spread is difficult to really know for sure.

[ShroomsKit]

Chessnut registered in Jan this year, no offence but he is not a whale lol.

I have no clue what he is nor do i care but what has his reg date have to do with it?
I could own 100k coins and register today.

[chessnut]

Exactly. China banned Bitcoin 10 already and every single time the idiots panic sell.

It's true, every time they panic sell, but the effect on price does not compound. the first round of news took us down to 465. and that's just where we are now.

[fonzie]

Chessnut and i met first in a secret whale encounter. Dark rituals have been held.
I cannot say more about him, because i fear the consequences.

[JayJuanGee]

I would like to get to about 100 BTC.. .  b/c currently, I only have about 50BTC...   Of course, more would be even better, but it is NOT easy to keep setting this money aside.. .. at least for mere mortals, which currently, I am claiming to be a mere mortal.

50 BTC is enough to move down the price by 5 USD. 

I could be a FLASH IN THE PAN, BIG FISH, if I were to muster all my resources and blow my wadd in one shot.. he he he.. .. NOT gonna do it though.. I am HODLin and BUY, BUY, BUYin to the extent that I can muster reasonable amounts of fiat and attempt to predict the lowest possible price points.. If we stay stagnant like this in the next couple of months, I may be able to gather enough fiat to buy another 3-7 BTC.. maybe?  I am NOT so confident as to believe in leveraging.... .. NOT at the moment... and as I write this response... (Generally, I am NOT an emotional investor, so I do NOT change my strategy too much based on transient feelings).

[chessnut]

Chessnut and i met first in a secret whale encounter. Dark rituals have been held.
I cannot say more about him, because i fear the consequences.

Fonzie!! you made an oath NEVER to reveal the secret whale encounter!! you will pay for this!