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

[Searing]

I dont have a good idea what will happen from here - only that the old channel lines that are now at 2K and 3K (and will later be higher) will play a significant role and will either trigger the next bull run or will grind on it for 1-2 years before failing.

Thanks for sharing your opinion.

One objection I have to the second part of your reply is that trying to make out 1-2 years beyond now is probably a sterile exercise. The "real world" can push a lot, in either direction, during such a long time frame.

Lets face it, you're only here because you sold at 2k and you dream of getting back in close to what you sold for? Reveal yourself!

Are you asking me or Tera?

If it's me you're addressing, you're far from the truth. Very, very far.

Not that I would mind getting some coin at 2k... but not because I sold. And it's not a thing of today, or tomorrow.

I sold in small batches all the way through the entire rally. Yes some were in the 2Ks but it was only 10% of my coins. Then after we passed 5K I started trading altcoins and made many hugely successful altcoin trades. By the time we reached 20K I made back every coin I sold plus multiplied the entire stash by 3. I rather promptly sold most of my altcoin profits all in the teens. My biggest sell was at $18,800 - and I multipled all those profits with further daytrading during the bounces. At this point I've withdrawn a fortune in cash AND I still hold the original amount of bitcoins that Ive held since 2013, as if I never sold. So now I'm set for both outcomes of bitcoin whether it succeeds or fails and what I'm waiting for is to finally get everything off the exchanges and into cold storage so I can turn all the charts off and enter into ignore mode so I can take a nice break for a couple years again like I did in 2014 and 2015.

did kinda the same thing thou thru MINING...have original hoard of BTC since like 2015....but as I mined I just doubled equipment to defer taxes...and built up a lot of ALT coins

enough thru mining I can retire 3 years early, in the sense I don't have to touch any traditional retirement portfolio that kinda stuff till my full retirement age of 66 years

so the bet is (and BTC would have to dump below 1.5k or about and take ALTS down proportionally for this NOT to work ..my 3 year early retirement..using only the ALTS)

So.....with dubious miner equipment in the wind, unlikely to make sense in 2018... (does NOT make sense since the middle of 2017 to swap crypto for equipment of any flavor with crypto price rises)

I may just have to try this TRADING stuff everyone talks about (or masternode coins) or some other angle

but pretty much the same deal...the bet is on the BTC hoard .becoming something someday...and use the ALT coins from the miner angle above....IF for some reason

BTC and all crypto goes 'tulips' etc, etc...well I'll just have a lot of BTC on the Trezor to mull over and make a T-shirt that says:

Crypto allowed me to retire 3 years early...bite me!

(hey, it is not much of an endgame....but regardless of the price now of about 8k....I'd a been a crying a river if I'd have sold my BTC etc July of 2016 at $475 each...)

thus my perspective on all this...boom or bust..chump or champ...)

Again, interesting same result, but I used mining angles and equip deductions for tax man and such to keep my hoard and get the extra ALTS to do the 3 year early retire thing...

but my BIG TIME mining days may be over, a couple units in the basement per year for heat and giggles is likely my future...just saying...that and HODL that BTC hoard was/is

the main thing

anyway, another perspective on the same BTC HODL trick..from the mining angle....(which may no longer work as of 2018 with Bitmain Monopoly and current prices of any coin)

later

brad

[jojo69]

A few big holders here are selling some coins to pay off their tax bills before the April deadline. Searing panic dumped his, and other traders and miners in a hurry for the money probably did likewise. That selling pressure should end soon. I'm looking forward to a good pump mid-April.

I, on the other hand, have been busting my fucking ass working overtime.  The tax man may get his fiat, but he ain't getting my coin.

[JayJuanGee]

JayJuanGee, I got an experiment for you.  Let's get you to dump 8 bitcoins for the new Camaro ZL1 1LE, get the 800hp flash and tune up, then we can see how long you live afterwards.

That is a nice looking car.

As you likely know, in your trolling desperation, this is not the time to be selling bitcoins for depreciating assets - like your silver and gold seem to be, relatively speaking.   

[JayJuanGee]

The battle continues in the trenches. Nothing new to report really, just wanted to share this comparision of the last three spring seasons.

Means that we are going up in this spring?  

Bitcoin is not really seasonal, so I doubt that the spring of 2016 or the spring of 2017 creates any kind of meaningful bullish indicator for BTC prices - even though we could, coincidentally, experience some kind of bounce back in the coming months.... perhaps 35% odds?  Am I being too bearish, ATM, which could be a sign of capitulation?

[Paashaas]

https://blockstream.com/2018/03/27/ifpaytt-brings-lightning-micropayments-to-ifttt.html
in which blockstream obsoletes their own stuff from 2~3 days ago

I like those LAapps so far and more to come, innovation will flourish on LN.

FileBazaar: micropayments for content creators that produce digital files like photos, videos, or docs.

Lightning Publisher: accept bitcoin payments for content on WordPress blogs.

nanotip: a simple web server for accepting lightning donations (a lightning tip jar).

paypercall: a simple way to charge for HTTP APIs on a pay-per-call basis.

nanopos: a simple point-of-sale system for physical stores.

Just wait, Bitcoin will explode with these LAapps

Ohh, don't forget MAST, Roostock, Mimblewimble, Confidential Transactions, Schnorr, Tumblebit, Bulletproof, Simplicity (side/drive chains)

All these projects will increase the network value to $100k+ per coin.

[JayJuanGee]

Sure... looks nice... why not!?

Hopefully what is depicted in the above pic is not going to happen.  

omg what have I done. This sigil sucks.

Truly some creative skills that you got's ur selfie there, tera dee beeeeeara.    

[Anon136]

So they dont do this is in USA at all

In other countries that have no empire the citizens of those countries pay the inflation tax to their own elites. It's all internal.The USA exports it's inflation. That is the benefit of empire and the reason for the empire.

[TERA2]

[nanobtc]

I bought a little bit today. I quit smoking cigarettes, now I buy BTC.

Life is good.

[JayJuanGee]

Edibles or smokes?

[TERA2]

My body does not agree with weed

[jojo69]

oh f f s...EOS?  really?

and tron....kill me now

[Anon136]

Hey look! It's a bitcoin bull buying the dips! https://youtu.be/XpcRhflUbcg?t=1m54s

[pacman7331]

Sideways baby

Bitcoin has decided it’s value. ONCE AND FOR ALL!!!

[Harlot]

Massive Head and Shoulders forming on its 4 hour chart, haven't notice is since I was focus on the hourly chart so much that the falling wedge is just part of the right massive shoulder. If Bitcoin don't stay above 8,000$ soon this might be a big drop which is this time much lower then the 5,900$ we have experience last time. Right now Bitcoin is hanging around 7,800$ and the market is yet to make a decision out of it, let us just prepare to what is coming to Bitcoin.

[flashbit]

My body does not agree with weed

Same, except it's not my body but my wife who doesn't agree with weed ¯\_(ツ)_/¯

[Elwar]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

[Karartma1]

Japan has a horrible situation, demographically far worse then USA and the debt can never be controlled.   Japan holds 1 trillion of US debt, all these central banks are relying on each other but I think the system itself will give way.   So one of the main struts holding up US debt has serious problems sustaining itself.  Maybe crypto is part of a better system I dont know yet but its easily contestable what Jamie Dimon says about FIAT > crypto
https://youtu.be/40OuVyVGdIM?t=153

The USA imposed Japan to adopt a certain democratic constitution after World War II. How much power and independence such a sovereign state can have? Oh, by the way, Italy almost makes no difference

This chapter provides an overview of and analysis on how Japan’s post war constitution of 1946 in general and its ‘pacifist’ Article 9 came into being: who were the protagonists on the Japanese and American side and what were the controversies surrounding the drafting and adoption of Japan’s ‘pacifist’ constitution. Amongst others, the US motives and motivations to retain the Japanese Emperor on the throne in post war Japan will be analysed: why did the occupying US go great lengths to retain the ‘undemocratic’ Emperor and Emperor system while introducing democracy and democratic political structures into defeated post war Japan? Finally, when and why did the US gave up on MacArthur’s initial plan to make an ‘unarmed pacifist’ out of Japan and what impact did the US ‘imposition’ of Japan’s post war constitution have on Japan’ post war Japan’s obligations to deal with its World War II responsibilities?

https://link.springer.com/chapter/10.1007%2F978-88-470-2568-4_5

Question: do you want at least your own independence? Buy bitcoin and some gold

[pacman7331]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

Is that breaking up or breaking down wedge?

[Denker]

I'm a one trick pony when it comes to charts. I look for the closing triangles. This one looks pretty straight forward. In early April we either crash hard or go back into bull mode.

-snip-

Or we just do a breakout (up, down) for a short time, pull back or bounce back and continue ranging between $6k to $10k for a few more months.Weak hands can also be shaken out by breaking their patience.Because most of the people want to see quick results, profits, progress. However Bitcoin and crypto in general is still very early and will need much more time to mature. The ones not willing to go this path, not having the patience, will leave and mostly lose and probably regret it in a few years.
So this may be some boring time, but this also the time where lots of progress and development happens. As always true believers will separate from "get rich quick" money grabbers until the next bull run starts.