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

[infofront]

Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.

I have a workmate so stupid he bought at 13k, has been holding all this time and tell everybody he will sell as soon as price is back to what he payed. Everyday he curses me aloud for suggesting him to buy BTC back in 2017, and gets triggered when I ask him why selling for the same price after an year if the odds now are that he can make at least some profit. He became a BTC hater.

Another r0ach is born

[Ibian]

Hey guys, just to let you know that krogothmanhattan is giving away AN AMERICAN EAGLE SILVER 1OZ COIN in his raffle today.
100 spots available (well 99 now).

Thanks for the heads up. 1% is pretty good odds for free metal.

[HairyMaclairy]

Bitfinex to introduce 100x leverage...

[HairyMaclairy]

Source Twitter : @cryptowelson

Where have I seen that before ?? Oh wait that’s my chart !

[VB1001]

https://twitter.com/TraceMayer/status/1143059448786636800

Key Bitcoin Price Indicator Suggests $21,000 ‘Fair Value’ By End Of 2019

The bitcoin (BTC) price is unlikely to break $40,000 in 2019, Bitcoin Knowledge podcast host Trace Mayer declared as part of new analysis on June 24.

Uploading fresh readings from his price forecasting tool, the ‘Mayer Multiple,’ the serial commentator and bitcoin proponent said that current trajectory should favor an end-of-year bitcoin price of $21,000.

https://cointelegraph.com/news/key-bitcoin-price-indicator-suggests-21-000-fair-value-by-end-of-2019

[d_eddie]

Good morning Bitcoinland.

The battle for $11k continues... currently $10901USD/$14375CAD (Bitcoinaverage).

Last week it was the battle for $9k, the week before that, the battle for $8k. This is proceeding quite nicely.

Go Bitcoin go.

You're our hero, Jimbo!

Hey, watch out. You're gonna make this go to my head.

Puny assets like WOsMerits probably mean little to a True Legend, but what's due is due.

+1 WOsMerit for being the badassest of the bunch.

[mindrust]

Dude it is mindrust,

not MindTrust 

Dude, I've also been reading it wrong this entire time. It just reads as "mindtrust" in my head, up until today. Just wanted to cross post this here instead of cluttering the raffle thread.

You are not alone. 

Saw many doing the same mistake lately.

[Biodom]

https://twitter.com/TraceMayer/status/1143059448786636800

Key Bitcoin Price Indicator Suggests $21,000 ‘Fair Value’ By End Of 2019

The bitcoin (BTC) price is unlikely to break $40,000 in 2019, Bitcoin Knowledge podcast host Trace Mayer declared as part of new analysis on June 24.

Uploading fresh readings from his price forecasting tool, the ‘Mayer Multiple,’ the serial commentator and bitcoin proponent said that current trajectory should favor an end-of-year bitcoin price of $21,000.

https://cointelegraph.com/news/key-bitcoin-price-indicator-suggests-21-000-fair-value-by-end-of-2019

it's possible that he sold some calls...I distinctly remember him selling some puts before (not sure if it worked out or not).

[Phil_S]

Where have I seen that before ?? Oh wait that’s my chart !

New overlay idea:

2017 vs 2019

starting with $800 and $3200.

[JayJuanGee]

Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.

I have a workmate so stupid he bought at 13k, has been holding all this time and tell everybody he will sell as soon as price is back to what he payed. Everyday he curses me aloud for suggesting him to buy BTC back in 2017, and gets triggered when I ask him why selling for the same price after an year if the odds now are that he can make at least some profit. He became a BTC hater.

Hahahaha

sounds like a dipshit to me, and a bit of a unicorn, at least in the sense that: 1) fails/refuses to take responsibility for his own decision and 2) failed to have (or later create) a plan, other than exiting, for anything other than immediate UP.

[jojo69]

Hey, watch out. You're gonna make this go to my head.

there are a couple folks on here you could probably lay a mantra on.

[Traxo]

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

[Phil_S]

2x per year lines, update (data presented as 7-day average for smoother nicer graph):



2019 could be the new 2017 (at least the first half-year looks pretty similar).

[gembitz]

/\BTI (BTC fork) almost hitting 200K blocks !!   #triggertime

===>

http://abe.getbitcoininstant.org:2750/chain/Instant

[jojo69]

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

[JayJuanGee]

https://twitter.com/TraceMayer/status/1143059448786636800

Key Bitcoin Price Indicator Suggests $21,000 ‘Fair Value’ By End Of 2019

The bitcoin (BTC) price is unlikely to break $40,000 in 2019, Bitcoin Knowledge podcast host Trace Mayer declared as part of new analysis on June 24.

Uploading fresh readings from his price forecasting tool, the ‘Mayer Multiple,’ the serial commentator and bitcoin proponent said that current trajectory should favor an end-of-year bitcoin price of $21,000.

https://cointelegraph.com/news/key-bitcoin-price-indicator-suggests-21-000-fair-value-by-end-of-2019

it's possible that he sold some calls...I distinctly remember him selling some puts before (not sure if it worked out or not).

You referring to Trace Mayer, Biodom? 

Are you suggesting that he is talking his book?  or his analysis is off in some kind of way? 

Personally, I would suggest that Trace Mayer's analysis is off because it seems to suggest a kind of gradualism in the coming months and even years.  I know that he is showing how fair value progresses, but bitcoin does not tend to progress in any kind of short-term gradualism.

[Biodom]

2017 version of my better half: "Why you did not sell [some number] at 10K, you promised, you promised."
2019 version of the dialogue: "Should I, hon?" "Oh, no, keep it, don't you dare."
Got myself a "keeper"   .

it's possible that he sold some calls...I distinctly remember him selling some puts before (not sure if it worked out or not).

You referring to Trace Mayer, Biodom?  

Are you suggesting that he is talking his book?  or his analysis is off in some kind of way?  

Personally, I would suggest that Trace Mayer's analysis is off because it seems to suggest a kind of gradualism in the coming months and even years.  I know that he is showing how fair value progresses, but bitcoin does not tend to progress in any kind of short-term gradualism.

Perhaps, the former, but maybe also the latter as you discussed.

[JimboToronto]

Hey, watch out. You're gonna make this go to my head.

there are a couple folks on here you could probably lay a mantra on.

Nom ya HODL renge kyo.

 

[El duderino_]

On August 24, 2018 I called for Bitcoin to drop 50% to $3k before rallying back over $10k.

That call was deadly accurate and allowed Morgan Creek Digital to buy the dip.

Here is my next price target.

offthechain.substack.com/p/bitcoin-is-l…

https://twitter.com/apompliano/status/1143131557827211266?s=21

[JayJuanGee]

2017 version of my better half: "Why you did not sell [some number] at 10K, you promised, you promised."
2019 version of the dialogue: "Should I, hon?" "Oh, no, keep it, don't you dare."
Got myself a "keeper"   .

it's possible that he sold some calls...I distinctly remember him selling some puts before (not sure if it worked out or not).

You referring to Trace Mayer, Biodom?  

Are you suggesting that he is talking his book?  or his analysis is off in some kind of way?  

Personally, I would suggest that Trace Mayer's analysis is off because it seems to suggest a kind of gradualism in the coming months and even years.  I know that he is showing how fair value progresses, but bitcoin does not tend to progress in any kind of short-term gradualism.

Perhaps, the former, but maybe also the latter as you discussed.

Trace doesn't really strike me as a guy who talks his book.  I mean he got in when the price was in the single digits, and I believe, even fractions of a dollar, so I get the sense that he has quite a surplus of wealth in the sense that additional wealth is not something that motivates the way that he talks about bitcoin, except to mostly be a bull.  There is a bit of sense that he might be suggesting that BTC's market is a little bit overheated at the moment. 

Even the price points that he mentioned in his chart, left out December 2018, which would show BTC bouncing from an even more dire situation to its current over-exuberant status , which again show how wild, outrageous and quasi-unpredictable bitcoin can act.  It is quite possible that bitcoin goes into a kind of "very overvalued status" (which would be light blue), and then corrects back down to get a second bubble post halvening.. which would make sense in a kind of early and late 2013 scenario playing out over the next two calendar years.

I think that Trace Mayer is no dummy, so he recognizes the vast array of possibilities, and likely mostly HODLs through the vast majority of these price UPs and DOWNs while skimming some profits off of the top, here and there to support whatever living expenses that he has and any extra business ventures that he considers getting into on the side of his having fun with ongoing bitcoin evangelism activities.