Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13681. (Read 26714742 times)

needs to be 4WD. after all, bitcoiners need to get to where theyre going no matter what is in between point a and b.

say, this Mercedes AMG G63, 580+ HP, just the thing for off road jaunts. even says "BITURBO" on the side lol.



https://www.mercedes-amg.com/en/vehicles/g-class/suv/g63.html

Dead right.  BTC is still a gambling asset. Maybe it always will be.

Yes, there is a chance it will become a global currency / store of value , but the other 3 scenarios are :

1. Failure of the blockchain in some way.  

2. Always remaining a gambling chip.

3. Be displaced by another Digital Currency/ DLT Asset.


The current bear market has a long way to run.  My own guess is there is a 50% chance of it ever acheiving $20k, and then maybe not until 2020 at earliest.


It is worth keeping a % of portfolio assets in BTC (like gold, as advisers will tell you, up to 10%).

Thank you for the clarification.
(I'm still betting 3 grand.  )

its good that @ these days belgium played good football with eden hazard in the BIG role .... see him going to be the best player on the tournament.....

so a little joy when prices going down ... full focus WK football with a few BTC bets here and there but nothing to crazy just for a little more excitment

Nothing wrong with going all in on something if you actually know it's near the floor, but bitcoin has no real floor.  It has a pseudo cost of production floor that's recursive based on it's own demand.  Demand lowers, then it's floor also collapses.  This is NOT the case in real assets like silver.  Even if the demand collapsed for silver, the cost of production floor doesn't move, because it's not a recursive system.  Recursive price dynamic = garbage and obviously not a store of value.

Combine recursive price dynamic with no intrinsic value and other things like no valid Schelling point and you might as well just shoot yourself in the face because you're guaranteed to see enormous implosions on a constant basis making the entire thing nothing more than an eternal pump and dump by design.  Until everyone gets tired of dealing with something that's the equivalent of one of those Doge ponzi websites and just walks away and it fades to obscurity.

Does that qualify as financial advice because if it does its shit.

Anyone that puts all their worth into one of the most volatile assets on the planet is nothing but a gambling retard.  You might as well walk into a casino and stick the lot on black.

Load up with as much cash as you can afford to lose.

BULLSHIT.  Anyone with two brain cells to rub together can watch all other exchanges follow Scamfinex the overwhelming majority of the time whether it's up or downwards.  Just like how on the way down for the recent dump, Scamfinex had a 12 million or so candle while all other exchanges had 0 volume.  Throughout bitcoin's ENTIRE history, the most fraudulent exchange that exists is ALWAYS the market maker, whether it's MtGox, Huobi, or Scamfinex.

The completely fraudulent exchange is always painting the tape with money or coins that don't even exist.  So what the fuck is bitcoin's real price without the tape being painted by fraud 99% of the time?  Usually upwards in most cases.  Bueller? Bueller?

If there are exchanges controlling the market it's bit Bitfinex any more, hell they're not even the largest players in tether anymore.
Look at Binance, Okex and Houbi all three of whom have to keep moving about to avoid exchange regulations. If you want dodgy exchanges in the crypto world it's anything that links back to okcoin or any other original Chinese exchange.

In case you were wondering, there is no bitcoin market.  The entire thing is just conmen pump and dumpers and scammers scamming scammers:

http://www.silverdoctors.com/headlines/world-news/dennis-rodman-arrives-in-singapore-to-promote-world-peace-or-to-pump-a-crypto-called-potcoin/

It's pretty obvious the single entity who controls the entire bitcoin price that operates on Scamfinex is trying to bleed out longs right now.  This entity is a complete moron and makes all his moves insanely obvious.  Since I want bitcoin to go to zero so we can go back to real money (silver and gold) instead of imaginary, valueless scamtokens, what I need everyone to do is take out a bunch of longs right now so this pump and dump scammer will be forced to walk away from the market and let it implode because he can't raise it while it's over-leveraged.

If he does attempt to do so anyway, the second he attempts to pump and dump bitcoin higher, unload 1/2 of your leverage on the initial rise, then save the other 1/2 to dump on him if he attempts to go higher.  This will destroy the idiot scammers operating on Bitfinex (probably Bitfinex owners themselves) who control this market.  The second their scams fail again, they will probably just steal all customer funds and claim they were hacked for the second time in a row.  Maybe we can actually get them put in prison this time.

I don’t see us reaching the depths of $3,000 BUT if we do every single one of you should buy at least another 10 bitcoin’s. Remortgage your house, empty your savings, beg, steal, borrow, whatever.

If you get the chance to load up again or even get your first bitcoin’s just do it because we all know bitcoin will have at least another couple of epic bull runs.

I predict $50,000 in late 2020 - mid 2021.

Do you want to miss out on that?

Rules? What rules? Fuck the rules. Just buy the fucking dip and hodl. That's the only rule you need to know.

Fuck risk management either. I did that shit for a half decade. You don't lose but you don't gain neither. It is not fun. This time we do it right. Time to go all-in.

***
Theymos said $3k only if we follow the 2014 pattern. He didn't say it will happen. $3k is like $150-200 of 2015 though. I agree with that and I also see it is possible. It would be a life time opportunity for us all. (only if you have any FIAT at that time )

$3k is not impossible, but that was not my prediction. I think that:
 - The most recent crash was artificial, driven by very few whales.
 - The market has wanted badly to stabilize for a while, but keeps choosing what turns out to be a too-high price.

So I predict that the price will rise somewhat, maybe a bit above 7k, and then it will either stabilize (in BTC terms...) or *slowly* continue a downward trend. I feel that we are not too far from a sustainable longer-term price: I'd guess 5500 at the lowest. IMO 3k *could* be reached by widespread panic selling, and 1k could be reached if some shit *really* hits the fan, but I consider neither likely.

Define irony..  1k coin on a few key exchanges and you have a pretty strong position these days. Pre-2013 that wasn't enough to irritate a small dolphin.


Hence the statement
30k coins was 30k in fiat

Now that $30000 is under 5btc coins
makes for different walls

luv the analysis

Define irony..  1k coin on a few key exchanges and you have a pretty strong position these days. Pre-2013 that wasn't enough to irritate a small dolphin. If the bearwhale was frolicking today as of old, a sneeze from that beast would have most of you on your knees begging for mercy. Some of those 20k coin moves back then where just epic to behold.. 


--------
Daily long lens


This weekend will set the rest of the summer up..have to see how the potential upcoming dip is handled. That spike jutting out of the cloud has been there for quite awhile indicating a fairly well established move. Hopefully this sell off we have experienced has accounted for most of that all ready so to speak.
Couple key dates to keep in mind. Mid July historically seems to contain a upwards spike followed by a slight draw down into late August. August to September is a possible indicated date for releasing more of the MtGox coins. Hopefully they have found some OTC buyers for most of what is planned on being released. I do think letting some go on the open market(i.e. exchanges) might possible help with the distribution of coins. Not completely convinced of that however. The dip on the end with the elegantly drawn question mark is trying to show that potential. Regardless, the last quarter of 2018 should produce some very nice days of upward movement. #dyor

I remember one particular 30k wall at $300.

Tera, is that you?  

In ur day 30k coins was 30k in fiat,

cheeky dig
sorry but let your self open no animosity intended, cheers


I agree not much in coins for a wall and nothing like the previous years