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

[Searing]

got a refund from some equip (spondoolies) 6.3k with my current investment(s) jupiter 550gh no roi titan (sigh) and such....also legal miner in usa
so titan and jupiter i can eventually get 25% back towards taxes due on 5 year plan (biz) eguip deductions etc (4 to go)...also includes est coin on coming titan(?) (sigh)

anyway with the 6.3K and what i have in it divided by 82 coin ..my total cost per coin would be around 236 to 250 usd with again the equip
deduction of 25% i can get back on equip (makes the no roi titan less painful...er not so much)

trying to decide to take the plunge and buy coin...or wait a bit.....

tempting vixen you are bitcoin sooooooo tempting you heartless b....er nevermind

but man all in equiv to 250 a coin with the minning I've done plus above 6.3k etc......sooooooo

(anyway pondering away here)

[ShroomsKit]

The non existing wall at 340 can't get crossed because of idiot dumpers. Looks like we still will go down.

[Totscha]

The non existing wall at 340 can't get crossed because of idiot dumpers. Looks like we still will go down.

You mean manbearwhale?

[mmitech]

Good Morning, my daily check of the 1W chart:

- Price still declining => check
- People still delusional => check
- Bag holders losing their shit and posting why Bitcoin will go to moon => check
- The hate and denial is at ATH => check
- Trolls at ATH => check
- Shorts going up => check
- Perma bulls crying and begging people to hold their coins instead of trading or lending it=> check


- Finally the most important chart updated, just for people who yelled reversal and asked if we are blind :

[JayJuanGee]

Good Morning, my daily check of the 1W chart:

- Price still declining => check
- People still delusional => check
- Bag holders losing their shit and posting why Bitcoin will go to moon => check
- The hate and denial is at ATH => check
- Trolls at ATH => check
- Shorts going up => check
- Perma bulls crying and begging people to hold their coins instead of trading or lending it=> check


- Finally the most important chart updated, just for people who yelled reversal and asked if we are blind :

- Mmitech acting like a retard =>  check

[noobtrader]

Good Morning, my daily check of the 1W chart:

- Price still declining => check
- People still delusional => check
- Bag holders losing their shit and posting why Bitcoin will go to moon => check
- The hate and denial is at ATH => check
- Trolls at ATH => check
- Shorts going up => check
- Perma bulls crying and begging people to hold their coins instead of trading or lending it=> check


- Finally the most important chart updated, just for people who yelled reversal and asked if we are blind :

what if we were at first selloff phase

[Shak]

what if we were at first selloff phase

then sell and buy back later when a trend reversal has been established? risk loosing 5% if we are actually at the bottom vs loosing more when we drop even further as fundamentals indicate?

or just hodl and let others play

[cbeast]

The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.

[mmitech]

The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.

you are delusional, you are feeding the bear market.

[cbeast]

The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.

you are delusional, you are feeding the bear market.

Do bears not bleed? Now who is delusional?

[mmitech]

The scent of fear is strong. Bears, trolls, and whales will soon feel sharks teeth.

you are delusional, you are feeding the bear market.

Do bears not bleed? Now who is delusional?

Well, we will see who will bleed the most. maybe I am delusional, maybe you are, but soon we will know for sure.

[ChartBuddy]

Explanation

[Mervyn_Pumpkinhead]

I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.

I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left.
Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.

[cbeast]

I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.

I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left.
Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.

replace bitcoin with government and miners with banks and you'll be spot on.

[superresistant]

 
Some people need to take holidays, seriously.

[sonofliberty]

Some people need to take holidays, seriously.

I would, if Bitcoin didn't make me poor.

[ChartBuddy]

Explanation

[spooderman]

if bitcoin made you poor, you're doing it wrong.

[Mervyn_Pumpkinhead]

I used to think that BTC will experience at least one more bubble before it's final demise, but it doesn't look like it anymore.

I think that the fall of bitcoin will be caused mainly by one of it's biggest flaws - inefficient new coin creation. The bitcoin network has become too expensive to run, and it needs more and more new money to enter, just to sustain it's value. If not enough new money will enter, then mining will start to eat the dollar value of bitcoin. Some miners are claiming that they will temporary cover the losses and wait for better times to sell. Some of them outright lie to support the positive sentiment and some of them actually can cover their losses for a limited time. This also means that their coins will be accumulating together with their losses. This is only building up to an avalanche where the miners can't cover their losses anymore and they have to sell their coins to whatever the price that they can get. When this happens, then the amount of coins that will be thrown at the market will be large enough to destroy any trust that bitcoin still had left.
Cryptocurrencies will live on, but new and better models will take over that have solved the important problems that bitcoin has.

replace bitcoin with government and miners with banks and you'll be spot on.

I don't care much about anti-government agendas and other expressions of teenage rebellion. I care about finding a practical financial tool, that can be used to develop both the finance and the economy. Bitcoin was the first to show that open-sourced monetary systems can be done, and I am thankful for that. But sadly, bitcoin the currency just isn't advanced enough to be used as a practical tool. The blockchain technology can be used as a practical tool to implement into new and better currencies, and the idea of bitcoin can be used as an source of inspiration for new cryptographic innovations.

Bitcoin the currency itself, is just a slot machine, that is shrouded with virtuous looking illusions. People with gambling problems can create a narrative to their spouses, that they are in fact "investors in an highly innovative technological project". That's the intriguing narrative that gets the permission to use the family's life savings on this "new and world changing project". The sad thing is, that if they can't see how it's really just a slot machine, then they can't also see that the machine is rigged to create profit for the house - the biggest holders of coin, and the people who run the unregulated exchanges. They have the power to raise or lower the price as they see fit, while having private information about their customers trading methods and habits.
A practical currency should be unattractive for speculative play, so gamblers who cause instability would stay away. A practical currency should be attractive to merchants, and without the need of middlemen like BitPay who take profit for offering stability. The technology can be used to make money efficient  and cheap (the cost of maintaining the monetary system). Bitcoin the currency is far from realizing the potential, and as long as the core devs aren't considering changing PoW mining and fixed coin supply, then I just can't see a way for that to change.

[Wandererfromthenorth]

Fucking nailed it LOL:

In before Shroomskit turns bear once again and pretends that the things he just said about idiots selling and him HODLING never occurred.

LOL!

So where are all those idiots who were cheering for cheap coins all those months?
I don't see your daily posts about how much you are buying anymore. What happened? You stopped "loading up on cheap coins"?