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

[bones261]

what price does tone win his bet?

$5,999.99 https://twitter.com/DougPolkPoker/status/993581533012283393

[blacky90]

you guys think we will drop below 6k?

[Anon136]

what price does tone win his bet?

$5,999.99 https://twitter.com/DougPolkPoker/status/993581533012283393

Not looking good for Polk.

you guys think we will drop below 6k?

Maybe a bit but I think we are going to see a triple bottom followed by stabilization then slow growth.

[4rt3m]

you guys think we will drop below 6k?

[RayX12]

Hopefully, a triple bottom will brighten everyone's day.

Absolutely!  Loving the bottoms.. running out of cash.

[d_eddie]

(snip)

EDIT2: For science.

As bold as required of the character - or online persona, as someone would say.

[bitserve]

Well, all the buy orders I had left behind in the past have now been executed. Wonder if I should just spend all the (little) remaining fiat in the exchanges or just wait a bit more.... decisions, decisions.

[HairyMaclairy]

We do seem to be tracking frightfully close to the accelerated 2014 model.

[Anon136]

Indeed.  Learning to use something like this might be appreciated I am thinking..ymmv.  [img width=?]  ffs smaller charts please..

I've never known how to control the image size.  I suppose I'll go back to a previous post of mine with an image to see if I can LEARN to reduce it.

Just quote someone else who has done it to see how they did it. But spoiler alert:

Code:

[img width=100][/img]

[Anon136]

good god...the carnage

[Elwar]

I couldn't quite make out the numbers this morning when I saw the price. It didn't seem real.

[shahzadafzal]

There will be blood!!

[STT]

In commodities 10% I rate as a very possible move, I dont know its correct place but thats where I place BTC in volatility for comparison.    So the way oil can spike on changes, big politics and all that, it seems to fit the background to what might drive BTC also.  
Oil is going up btw because Venezuela and couple other places are underperforming (greatly).   Yea OPEC restricted production some but these other factors have been a tail wind that helped oil higher rather then opposed which was very possible.  Iraq for example has production and reserves could in theory out size Saudi Arabia, long term oil should not spike but of course dollar is weak.   Theres always story behind price movements, unintentional usually.
When Venezuela falls over, its probably a sell for oil longs only then

Do whales know something we dont? Just read somewhere a whale moved 90k coins to exchanges.

Whales dont determine the market despite their size.  If BTC is all about the largest elements being the most important factor then Im in the wrong place anyway and I dont expect crypto to amount to much in that case.   Capitalism itself is capital and production with the people, not top down evil Megacorp like most people think how capitalism must be a negative.  Thats all we know within this generation or so but a correct economy would be from bottom up.   Even now you shouldn't have to go far to find that the fastest growth will always come from the smallest participants in a market, people, small enterprise and so on.  

It really is not about the whales, I hope BTC reflects that and is better engaged with capitalism then dollar and the fractional reserve global system of value it has become.   If it BTC is a better match it will rise, all this price dancing about is not a determiner and the largest whale on an exchange is just a side show to a far larger global picture of trade and growth from people not government spending/debt

[infofront]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

[slowlyslowly]

There will be blood!!

the only 2 stats worth anything are:
1. Every single person who bought their bitcoin and held it from 2009 - to about October 2017 is way ahead. Its not a long time period compared to say gold but it is still a very impressive stat
2. Bitcoin has jumped up and down by large daily percentages before - and will do so again.  Nothing to see here. Move along.

[realr0ach]

1. Every single person who bought their bitcoin and held it...is way ahead.

That's why it's easy to see the bottom isn't in.  You have most people saying things like: "WTF my shitcoins are only worth enough to buy a new Corvette now instead of a Porsche".  Once most of these people are all either breakeven or underwater, that's the bottom - or maybe new Hyundai at best.

[d_eddie]

you guys think we will drop below 6k?

We could. The next 1200 hours are critical.

[slowlyslowly]

1. Every single person who bought their bitcoin and held it...is way ahead.

That's why it's easy to see the bottom isn't in.  You have most people saying things like: "WTF my shitcoins are only worth enough to buy a new Corvette now instead of a Porsche".  Once most of these people are all either breakeven or underwater, that's the bottom - or maybe new Hyundai at best.

No - the only people bitching about the price are the "new to bitcoin" greedy buyers that that jumped in when the price went from $5,000 - $19,000 in a flash. If they sell out who cares . The bottom may be about $5,000 based on previous big drops which will be fine and it will rise from there. Long term holders have seen these "new entrants" come and go before. A new batch will enter when we next go up exponentially. These rises and falls  give the news media something to say but matters very little to 95%? of the bitcoin owners 

[Toxic2040]

deleted by user.

I doubt anyone was asking for deletion..just some resizing. I really dont care as I view this from home on a 42inch screen. I have heard complaints about img size from phone users however..so I was just trying to pass along that your img's seemed large.

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

I do like that choice sir...was nearly a 50/50 split. That one looks like the kind you might take home to meet Mom..I try to stay well away from that type of wholesome goodness. *shudder*

you guys think we will drop below 6k?

We could. The next 1200 hours are critical.

It is possible...but I do not believe we will.  And I make it the next 2,160(bout 90 days) hours that are critical eddie..

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Some fib lines to gawk at.

[jojo69]

I do have a pressing question however..  I believe we need to have these particular bottoms quantified and rated from left to right..what say you gentlemen?

For me..I have to say I appreciate the one on the far right the most..  Not sure if its that smile that accompanies it or the slight knock knee'edness...

I'll take the plumpest one, on the left. 

the blonde in the middle, while cute, is slightly thin for my taste...either of the bookends are over the top fine