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

[ChartBuddy]

Explanation

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[1715399447]

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[macsga]

there is 0 reason to move the price down, at this point, the news has been good, china and gox are behind us, TAX has been paid

Well, not sure that the news have been good.  For the public who is not committed to Bitcoin, ApplePay sounds like a formidable competitor.

MtGOX is still not over, in several senses:

[etc, etc, etc...]

If China is still in control, then it is not surprising that there was no recovery after the October 15 tax deadline.
   

You claim to have a learned background, but a fundamental of science is that you should not and can not pretend away evidence and retain credibility.

When assessing the fundamental value of Bitcoin, this is the single most important basis to work from:

http://en.wikipedia.org/wiki/Metcalfe's_law

Mt Gox, Oct deadlines, Apple Pay, Chinese speculation all serve simply to create blips in the Bitcoin megatrend, they are irrelevant long-term.

In fact, Bitcoin should observe Metcalfe's Law in its purest form because it is not hampered by language differences. Money, like sex, is universally transacted.

Metcalfe's and Gresham's Law are in effect when it comes to Bitcoin. For the second one we will just have to wait for one big economy to regulate it. What startled me back when I've first learned about it, was how on earth ONE person had the ability -and knowledge- to know EXACTLY how this will evolve. Turned out that I knew far less than what he did.

For your consideration (even though I'm sure that most of the old farts here know this right from their heart):
http://en.wikipedia.org/wiki/Gresham%27s_law

[kooke]

the price will have to go down soon.

Why??

[adamstgBit]

the price will have to go down soon.

Why??

if its going to reach his 120$ target it will have to go down...

[molecular]

Are we going up or what. Market has become so slow.

nah, sideways. meh.

[BBmmBB]

the price will have to go down soon.

Why??

if its going to reach his 120$ target it will have to go down...

come on bro it will hold $150 imho ! 

[macsga]

the price will have to go down soon.

Why??

if its going to reach his 120$ target it will have to go down...

come on bro it will hold $150 imho ! 

When you're dreaming, dream at large. Why not $10? I want to recover about 300 coins I've sodl back then...

[rjp55]

If my time reading here tells me anything, do the opposite of what Mmmitech says.

[JayJuanGee]

If my time reading here tells me anything, do the opposite of what Mmmitech says.

+1   

[fonzie]

That 500 BTC ask @383@Stamp is the last barrier to break out.

[mmitech]

the price will have to go down soon.

Why??

if its going to reach his 120$ target it will have to go down...

I dont know where did you come with the $120... I didnt ever mention that it will go to $120.....














I said it will go to double digits 

[mmitech]

If my time reading here tells me anything, do the opposite of what Mmmitech says.

you must be really late to the party, but no worries stick around and you wont regret it

[rjp55]

If my time reading here tells me anything, do the opposite of what Mmmitech says.

you must be really late to the party, but no worries stick around and you wont regret it

LiteCoin to the moon, loser. Get a life.

[mmitech]

If my time reading here tells me anything, do the opposite of what Mmmitech says.

you must be really late to the party, but no worries stick around and you wont regret it

LiteCoin to the moon, loser. Get a life.

BTW, how does it feel holding those expensive Bitcoins? with this rate of losing its value it must really hurt.... 

[rjp55]

If my time reading here tells me anything, do the opposite of what Mmmitech says.

you must be really late to the party, but no worries stick around and you wont regret it

LiteCoin to the moon, loser. Get a life.

BTW, how does it feel holding those expensive Bitcoins? with this rate of losing its value it must really hurt.... 

You have reject written over every post you make. I actually feel sorry for you. Don't feel too down about being a worthless piece of shit in life.

[mmitech]

If my time reading here tells me anything, do the opposite of what Mmmitech says.

you must be really late to the party, but no worries stick around and you wont regret it

LiteCoin to the moon, loser. Get a life.

BTW, how does it feel holding those expensive Bitcoins? with this rate of losing its value it must really hurt.... 

You have reject written over every post you make. I actually feel sorry for you. Don't feel too down about being a worthless piece of shit in life.

Usually I would argue with idiots like you just for fun, but I don't feel like it today...so you've earned a free pass.

[JayJuanGee]

the price will have to go down soon.

Why??

if its going to reach his 120$ target it will have to go down...

come on bro it will hold $150 imho ! 

When you're dreaming, dream at large. Why not $10? I want to recover about 300 coins I've sodl back then...

I had a dream within the past the night before last that Bitcoin went to zero... maybe we can call it a nightmare?? 

I was watching the market and my various wall trackers as BTC price began going down, and I believe it started in the $300s, and then when it was in the $200s, and it was moving down fast and I was trying to open my Coinbase account and get logged in order to buy some BTC, and I was so panicked that I was NOT prepared to make the buy, and I was trying to figure out how much money I had in my bank account and how much I could buy, etc. etc..  As I kept trying to figure this out the price kept dropping, and I'm like shit, there must be some kind of technical problem with these websites or something, but just in case, I want to lock in my buy order so I can get some cheap coins, and then I would create a fairly good-sized order, like 30 coins and then the price would drop and I would recalculate to 50 coins and then I thought I cannot buy that many because I do NOT have enough money in my bank account for that sized order, so I had to keep recalculating and resubmitting my order as the price kept going down.... and when the price was between about $30 and zero I saw this yellow line and smudgy trajectory on my screen for the price going all the way to zero but the exact numbers were NOT showing up on my computer screen. 

Then the price rested at zero for a few seconds, and I thought, there must be something wrong with these various websites or maybe bitcoin is really dead or something (just like all the Wall observer beartrolls had predicted (NOT to name any of them to give any of them specific credit for being correct)), and after a few seconds of the price NOT moving and just stagnated at zero, pretty soon the yellow line started going back up and no digits were showing until the price was back up into the $30s and then the $40s and the $50s, and I was still fuddling around trying to get my order to go through, and the price was moving up fast, and I had mixed thoughts about my inability to get my purchase to go through and the feeling that bitcoin is still alive!!!  Then while I had these mixed thoughts, I was still trying to lock in my buy order while BTC prices were on their way back up, and i believe that I did lock in my buy price at some point in the $upper $50s of 50BTC or something like that.. even though I was NOT sure if I had enough money in my bank account to cover the order.. and then I woke up... and said to myself:  "F@@###kofojfsgdfg##!!@@CK!!!! glad that was just a dream."  

[solex]

there is 0 reason to move the price down, at this point, the news has been good, china and gox are behind us, TAX has been paid

Well, not sure that the news have been good.  For the public who is not committed to Bitcoin, ApplePay sounds like a formidable competitor.

MtGOX is still not over, in several senses:

[etc, etc, etc...]

If China is still in control, then it is not surprising that there was no recovery after the October 15 tax deadline.
    

You claim to have a learned background, but a fundamental of science is that you should not and can not pretend away evidence and retain credibility.

When assessing the fundamental value of Bitcoin, this is the single most important basis to work from:

http://en.wikipedia.org/wiki/Metcalfe's_law

Mt Gox, Oct deadlines, Apple Pay, Chinese speculation all serve simply to create blips in the Bitcoin megatrend, they are irrelevant long-term.

In fact, Bitcoin should observe Metcalfe's Law in its purest form because it is not hampered by language differences. Money, like sex, is universally transacted.

Metcalfe's and Gresham's Law are in effect when it comes to Bitcoin. For the second one we will just have to wait for one big economy to regulate it. What startled me back when I've first learned about it, was how on earth ONE person had the ability -and knowledge- to know EXACTLY how this will evolve. Turned out that I knew far less than what he did.

For your consideration (even though I'm sure that most of the old farts here know this right from their heart):
http://en.wikipedia.org/wiki/Gresham%27s_law

Yes, indeed. Gresham's Law comes into play because all the central banks are debasing their fiat as a matter of policy, 2% inflation targeting. This keeps the FRB-ponzi going by stealth-taxing the fiat in everyone's pocket to save the banks whenever they overextend. Famously, Satoshi mentioned this in the genesis block.

So the central banks are helping Bitcoin by coin-clipping their own fiat alternative.

[hdbuck]

the price will have to go down soon.

Why??

if its going to reach his 120$ target it will have to go down...

come on bro it will hold $150 imho ! 

When you're dreaming, dream at large. Why not $10? I want to recover about 300 coins I've sodl back then...

I had a dream within the past the night before last that Bitcoin went to zero... maybe we can call it a nightmare?? 
...and then I woke up... and said to myself:  "F@@###kofojfsgdfg##!!@@CK!!!! glad that was just a dream."  

[ChartBuddy]

Explanation