Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12693.

theymos

administrator

Activity: 5222

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Quote from: LFC_Bitcoin on November 16, 2018, 08:22:59 AM

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

If you don't think that an ETF or similar big boosting event is likely in the next ~year, then that might end up paying off, but personally I wouldn't sell large amounts now. First of all, it'll probably at least touch $6k in the near future. Second, you don't know when an ETF will be approved or the next 2008-style financial crisis will happen, both of which could truly put BTC through the roof. (Insider trading will probably put BTC to $10k+ some time before an ETF is actually approved.) Third, while cryptocurrency will probably not take over the world anytime soon, it's a very real and growing niche which isn't ever going away, and I see no serious competitors to BTC for king of the cryptocurrency space.

It all depends on your risk tolerance and time horizon, though. If there's any BTC price that would ruin you, then it might be a good idea to sell some.

El duderino_

legendary

Activity: 2744

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BTC + Crossfit, living life.

Quote from: cAPSLOCK on November 16, 2018, 09:29:02 AM

I was thinking...

Bitcoin Cash... Roger's version (vision?):

Bitcoin ABC

BABC

BAB(y) C

Baby Cash?

They *are* dying after all...

they are just trying to create a BTC-unicorn ..... that thing that everybody wants in every single thing (the most unique and best thing ever) but they will not FORK that out of BTC
BTC=and will be the closest thing to that unicorn vision my guess

but dreamers can dream of there magical creatures, let them and let them stay away of BTC

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

I was thinking...

Bitcoin Cash... Roger's version (vision?):

Bitcoin ABC

BABC

BAB(y) C

Baby Cash?

They *are* dying after all...

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: fluidjax on November 16, 2018, 09:21:36 AM

This shitshow has given us a new opportunity to correctly name the forks.
Previously, we have been unable to drop the Bitcoin part of their names, because it simply left 'cash' which is of course ambiguous.

I guess its obvious but, we can now correctly relegate them to the proper Altcoin categorisation by using:

ABC Cash
SV Cash

or we could just, you know, never speak of them again?

fluidjax

hero member

Activity: 750

Merit: 601

This shitshow has given us a new opportunity to correctly name the forks.
Previously, we have been unable to drop the Bitcoin part of their names, because it simply left 'cash' which is of course ambiguous.

I guess its obvious but, we can now correctly relegate them to the proper Altcoin categorisation by using:

ABC Cash
SV Cash

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Don't sell anything. I want as many shoeshine boys as possible ready to dump the second the scammers operating BitFinex attempt to pump it by fraud, tether scams, and whatever they attempt next.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: El duderino_ on November 16, 2018, 08:32:15 AM

Quote from: LFC_Bitcoin on November 16, 2018, 08:22:59 AM

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

Seriously though, if true that’s pretty depressing. How are we supposed to deal with that?

Undecided

No selling mate.... no certainties what so ever just thoughts.
Its no spot on thing a 2-4 year downtrend....

I hope not!
I mean I remember seeing people predicting ‘double digits’ when we were on the way down from the Gox high.
That didn’t happen did it?

I think I’ll hang myself (joking) if at one point I was very nearly a millionaire with my stash of bitcoin (but didn’t sell) only for the price to then go all the way down to $2,000 per coin or something

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: LFC_Bitcoin on November 16, 2018, 08:22:59 AM

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

Seriously though, if true that’s pretty depressing. How are we supposed to deal with that?

Undecided

same as always

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: Elwar on November 16, 2018, 08:45:35 AM

My gf sells on localbitcoins.

The past couple of days she's had some big sales requested.

I told her to ignore them.

Not taking the chance of the price shooting back up right after she's done a sale.

Yeah selling right now doesn't make much sens unless you need cash.

I don't believe for one second that price will rise back on 8k or 10k before at least months and probably years, but selling now is a risky move. Price can still stabilize back to 6.5k whenever happens...

d_eddie

legendary

Activity: 2520

Merit: 3038

Theymos's analysis makes lots of sense, but the corn is a proven dealer of surprises. Wait and see, I guess.

Astargath

hero member

Activity: 1624

Merit: 645

Quote from: mindrust on November 16, 2018, 07:43:00 AM

Quote from: theymos on November 16, 2018, 07:24:33 AM

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022 Grin

It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

I don't agree with that whatsoever. What major event happened in 2017? There were in fact a lot of bad news at the time and the price continued to grow.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

My gf sells on localbitcoins.

The past couple of days she's had some big sales requested.

I told her to ignore them.

Not taking the chance of the price shooting back up right after she's done a sale.

El duderino_

legendary

Activity: 2744

Merit: 13647

BTC + Crossfit, living life.

Quote from: LFC_Bitcoin on November 16, 2018, 08:22:59 AM

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

Seriously though, if true that’s pretty depressing. How are we supposed to deal with that?

Undecided

No selling mate.... no certainties what so ever just thoughts.
Its no spot on thing a 2-4 year downtrend....

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

So the general consensus is we’re going to continue to drop for years?

Well fuck me, we might as well sell everything now then?

Seriously though, if true that’s pretty depressing. How are we supposed to deal with that?

Undecided

mOgliE

legendary

Activity: 1344

Merit: 1251

Quote from: theymos on November 16, 2018, 07:24:33 AM

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

This is right what I'm thinking currently.

From a very basic and practical point of view:
-Adoption rate have been nothing but dropping in last year
-Usecases of btc aren't coming up. The only thing btc is still really used for is money laundring and illegal purchases
-We're at the end of a hype cycle

So there is no reason for the trend to be anything but down for months and probably years.

We need to wait for a new wave of adoption and projects, the machine is stopping right now. Next halving can be the savior but only if it peeks the interest of people with a good big FOMO.

barota

sr. member

Activity: 1176

Merit: 286

Quote from: mindrust on November 16, 2018, 07:43:00 AM

Quote from: theymos on November 16, 2018, 07:24:33 AM

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022 Grin

It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

bitcoin makes waves
I predict prices will run between 5,500 and 6,100 for a while
Maybe it is a good opportunity to buy now for short terms

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: theymos on November 16, 2018, 07:24:33 AM

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.

Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.

See you all in 2022 Grin

It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.

Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(

El duderino_

legendary

Activity: 2744

Merit: 13647

BTC + Crossfit, living life.

Quote from: theymos on November 16, 2018, 07:24:33 AM

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Ooow long term downward from this point to halving....
Ain’t not much gonna be left by Then, so you suggest HARD times for HODLERS?

Going on full honeybadger BTFD mode for 2 years?

Cancel all future party meetings and luxury shit buyings, its hibernate time.

I can accept all of the narratives BTC had to follow, but i hope its not this one you are saying
That been Said HOdL through all the F***ing bear market and time to change my avatar to a lebowski HAT Wink

(Perhaps a theymos HAT ? )
XhomerX can get all of the jobs done Grin

theymos

administrator

Activity: 5222

Merit: 13032

If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.

I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).

Quote from: Last of the V8s on November 16, 2018, 05:58:38 AM

https://twitter.com/coinspeak_io/status/1063272025660121090
ABC used a centralized checkpoint to prevent re org. Pro ABC Exchanges were allegedly in on it.
Huh

(maybe repost - no time to read thread. back soon)

It doesn't really matter either way. ABC wouldn't have accepted SV blocks even without the checkpoint, so the narrative that it's somehow "cheating" makes no sense, and the checkpoint also doesn't prevent any likely attacks, so it's pointless centralization. These guys still haven't figured out how consensus systems work...

Quote from: jbreher on November 14, 2018, 01:33:05 PM

Quote from: theymos on November 14, 2018, 01:04:14 PM

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.