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

[fragout]

- In 5 months we've had a triple bottom with a great support at $5800
- Most of the altcoin markets are already down by 90% and lower
- There are blockchain projects that are so undervalued as a result of the bear market that I'm tempted to rob a bank just so I can buy some extra bags
- The twitter "influencers", a.k.a. shitcoin pump and dumpers have been eliminated
- The telegram pump groups and the youtube crypto analysts that were spamming the shit out of us have disappeared as well

Your grandma, your hairdresser, the gravediggers and the McDonalds workers have capitulated a long time ago.

What you see in the chart below is not people selling their bags in desperation, it's just whale day traders liquidating each other with the power of margin, otherwise, you cannot explain rationally the trading pattern. I mean, it's sideways trading for a few days (sometimes weeks) followed by green/red dildo candles. Capitulation doesn't happen this way.



All in all, I find these to be positive signs. Bitcoin is still lower in market cap than Jeff Bezos's wealth. I'm patiently waiting for the next bubble.

Pretty much sums it up imo. I think most normal people who still hold btc are likely to continue to hold at this stage.

[El duderino_]

Count me in for hodling 

[El duderino_]

Everything is roses. Why are you people always so down? We're still up from a year ago. Or whatever

How am I going to sell enough Bitcorn to support myself and Rick, both, for early retirement, at these prices ?!??

Everything IS NOT OK, man.

Common bob iT maybe not ok like few months back but you know we can’t worry about that shit .... life Goes on
And new ATH’s to be Made in the future as youre’s and Ricks retirement Will be very Nice ..... 

[ophyrim]

Guys as always, time to support bitcoin. This is the official SEC link where you can share your idea about ETF with SEC and support bitcoin.

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

[Remember remember the 5th of November]

- In 5 months we've had a triple bottom with a great support at $5800
- Most of the altcoin markets are already down by 90% and lower
- There are blockchain projects that are so undervalued as a result of the bear market that I'm tempted to rob a bank just so I can buy some extra bags
- The twitter "influencers", a.k.a. shitcoin pump and dumpers have been eliminated
- The telegram pump groups and the youtube crypto analysts that were spamming the shit out of us have disappeared as well

Your grandma, your hairdresser, the gravediggers and the McDonalds workers have capitulated a long time ago.

What you see in the chart below is not people selling their bags in desperation, it's just whale day traders liquidating each other with the power of margin, otherwise, you cannot explain rationally the trading pattern. I mean, it's sideways trading for a few days (sometimes weeks) followed by green/red dildo candles. Capitulation doesn't happen this way.



All in all, I find these to be positive signs. Bitcoin is still lower in market cap than Jeff Bezos's wealth. I'm patiently waiting for the next bubble.

The more times some support is tested, the more likely it is that it will be broken. This is TA 101.

[Last of the V8s]

https://www.htcexodus.com/

[vroom]

whales bringing the price down to make a good entry point for the ETF launch. rockets soon, countdown is running, prepare for carolina. 

[Rosewater Foundation]

Best worst-case scenario. We stagger-step down to 3xxx or 4xxx. 6xxx minimum by 2020.

Am I still bullish now?

[vroom]

Best worst-case scenario. We stagger-step down to 3xxx or 4xxx. 6xxx minimum by 2020.

Am I still bullish now?

<true bear>every number above 0 is bullish</true bear>

[d_eddie]

Bob: +1 WOsMerit.
That sums it up nicely
(The newbie trader/expert trader pic I mean.)

[Last of the V8s]

Coincidentally-Russian-owned Standard reports https://www.standard.co.uk/news/london/pub-renamed-trump-arms-for-presidential-visit-a3879986.html

Turner-owned tv has a new show https://www.nbcnews.com/pop-culture/tv/new-game-show-paid-offers-chance-eliminate-student-loan-debt-n890316


From Neil Postman's "Amusing Ourselves to Death" (1985) (via @bitstein)

[d_eddie]

Coincidentally-Russian-owned Standard reports https://www.standard.co.uk/news/london/pub-renamed-trump-arms-for-presidential-visit-a3879986.html

Turner-owned tv has a new show https://www.nbcnews.com/pop-culture/tv/new-game-show-paid-offers-chance-eliminate-student-loan-debt-n890316


From Neil Postman's "Amusing Ourselves to Death" (1985) (via @bitstein)

Does that mean "Ignore anything outside of your backyard and lead a happier, more meaningful life"?

That argument doesn't seem too relevant to the studen loan issue (except for the peculiar quiz show prize).
I'm not sure I follow.

BTW, as you undoubtedly know quite well living on the older side of the Pond, in most parts of the world public education is reasonably effective and free - or priced outside of the debt-inducing threshold (yes it means subsidized). Extortionately priced education is an almost exclusive feature of the "land of the free".

[d_eddie]

I havent seen any rockets or upward graphs in a while. The poll is bearish. Is it time for a reversal?

Not yet, Tera. A fun weekend is already brewing, can't you feel it?

[ivomm]

Best worst-case scenario. We stagger-step down to 3xxx or 4xxx. 6xxx minimum by 2020.

Am I still bullish now?

50K minimum by 2022. All these that sell now, will end up buying higher and selling lower forever, because they follow the short trend. It is not a coincidence that bears started their last pathetic attack just after the news for ETF appeared. They are afraid that this news can trigger the next bull run that can ovepower their weaker shorting hands. As always the daily traders are fucked up. The hodlers know what is happening and what will be the end of it:

[xhomerx10]

I’m expecting the bottom for Bitcoin is already behind us. Thoughts?

 https://www.youtube.com/watch?v=AQdH1EloyWw

[El duderino_]

you know we can’t worry about that shit .... life Goes on

[ Shhh. I know. I'm trying to work on my despair. I feel this thread could use some more despair lately. I think the Mayor needs some emotional support. I'm only trying to help ]

And for me iT was Just a Nice oppertunity to throw in Some lebowski wisdom 

[Torque]

Turner-owned tv has a new show https://www.nbcnews.com/pop-culture/tv/new-game-show-paid-offers-chance-eliminate-student-loan-debt-n890316

I can top that show with no cost. It's called "Put a couple grand into Bitcoin and wait 4 years." Voila, bye bye student loans.  

From Neil Postman's "Amusing Ourselves to Death" (1985) (via @bitstein)

Excellent book btw. I actually took a course back in college as part of my minor, where this book was in the curriculum as required reading. Shows you how old I am. I minored in Philosophy.

[Last of the V8s]

Coincidentally-Russian-owned Standard reports https://www.standard.co.uk/news/london/pub-renamed-trump-arms-for-presidential-visit-a3879986.html
Turner-owned tv has a new show https://www.nbcnews.com/pop-culture/tv/new-game-show-paid-offers-chance-eliminate-student-loan-debt-n890316

From Neil Postman's "Amusing Ourselves to Death" (1985) (via @bitstein)

Does that mean "Ignore anything outside of your backyard and lead a happier, more meaningful life"?

That argument doesn't seem too relevant to the studen loan issue (except for the peculiar quiz show prize).
I'm not sure I follow.

BTW, as you undoubtedly know quite well living on the older side of the Pond, in most parts of the world public education is reasonably effective and free - or priced outside of the debt-inducing threshold (yes it means subsidized). Extortionately priced education is an almost exclusive feature of the "land of the free".

Intriguingly, you once said you prefer an essay to a video, or similar, but it seems you are not entirely impervious to the 'graphic revolution'. Nor am I. But it has lead us to a time where we just point and say, "Look there are Trump supporters in the UK, so life is fair and equal" and "look at these silly mugs on the tv begging for their sovereignty. One of them even gets to go free, so life is marvelous". Just as in the videos called 'Hunger Games' or 'Black Mirror'. This 'pointing' gets us nowhere.

Meanwhile the universities, funded by whichever local scamola or chumpatron, are not teaching anything of any value to the students themselves. Anything that might combat the visual fog of today's virtual slave empire.

Here, a person, her gender and nationality irrelevant, but her 'education' 'imperial', is 'bright' enough to go hiking in Austria because it's the done thing, but has no skills to cope with the real world smacking her in the face: https://www.dw.com/en/american-tourist-takes-unexploded-wwii-munition-to-vienna-airport/a-44611194

Here I've made 3 or 4 assumptions, but they stem from how I see the world, and I beg you to start looking at it more critically too.

[Last of the V8s]

There'll also be violent market reaction to the outcome of the 'facebook buying coinbase' rumour.
And to any similar news/rumours: '@jack rescues b.info from bcash infamy'

[d_eddie]

Coincidentally-Russian-owned Standard reports https://www.standard.co.uk/news/london/pub-renamed-trump-arms-for-presidential-visit-a3879986.html
Turner-owned tv has a new show https://www.nbcnews.com/pop-culture/tv/new-game-show-paid-offers-chance-eliminate-student-loan-debt-n890316

From Neil Postman's "Amusing Ourselves to Death" (1985) (via @bitstein)

Does that mean "Ignore anything outside of your backyard and lead a happier, more meaningful life"?

That argument doesn't seem too relevant to the studen loan issue (except for the peculiar quiz show prize).
I'm not sure I follow.

BTW, as you undoubtedly know quite well living on the older side of the Pond, in most parts of the world public education is reasonably effective and free - or priced outside of the debt-inducing threshold (yes it means subsidized). Extortionately priced education is an almost exclusive feature of the "land of the free".

Intriguingly, you once said you prefer an essay to a video, or similar, but it seems you are not entirely impervious to the 'graphic revolution'. Nor am I.

You're right on essays vs videos. Impervious to graphic revolution - of course not. Who is or can be, nowadays?

Meanwhile the universities, funded by whichever local scamola or chumpatron, are not teaching anything of any value to the students themselves. Anything that might combat the visual fog of today's virtual slave empire.

I agree universities are becoming irrelevant to real world training - with a few important exceptions.

Here, a person, her gender and nationality irrelevant, but her 'education' 'imperial', is 'bright' enough to go hiking in Austria because it's the done thing, but has no skills to cope with the real world smacking her in the face: https://www.dw.com/en/american-tourist-takes-unexploded-wwii-munition-to-vienna-airport/a-44611194

This looks as a serious case of stupidity. So how is it connected to our discussion? Because it shows "proper" education wasn't able to drill any sense into the dumb tourist's head?

Here I've made 3 or 4 assumptions, but they stem from how I see the world, and I beg you to start looking at it more critically too.

I'm all for critical thinking, and try to exercise it when I see a chance. About the specific topic of student loans, universities, and so on, a good perspective on education is essential to get a glimpse of where we're going to a few years from now. That's why I'm interested in your point of view - but I still can't see what you're pointing to (if you're actually pointing to something). Or am I lost looking at your finger?

Please be more explicit if you can be bothered (and I would excuse you if you can't).