Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14689. (Read 26608003 times)

Much as I'm utterly bored of that chart, the parallels are there. Looks like we're shortly to enter despair.

It's pretty mind boggling how repetitive these moves are, or perhaps it isn't. It's human psychology that shapes these things and that doesn't change.

yeah, making 60K from 20K is boring, but making 70-80% from 20K to 6K, THEN making 10X from there is cooler from their perspective.

I was obviously a bit too optimistic when refreshing the poll a few days ago.

In other news, it sounds like even Masterluc doesn't know WTF the bottom will be:

I take it Peter is now referring to Bcash as the one true Bitcoin.  True to form.  

As a further example of being deceptive, Gmaxwell left Core to do deeper protocol work on Bitcoin.  If anything Gmaxwell is putting more direct effort into Bitcoin. 

Marcus is coming to terms with the fact that the Blockstream/Core narrative is collapsing.  He's realizing that Bitcoin cannot succeed as only a "store of value"^TM or as muh "digital gold"^TM on its own -- instead, it needs to be used.  He's invested a lot into attacking people like me who have been doing the scalability research to grow bitcoin into a world-wide electronic cash system.  He sees his narrative coming unglued and so he lashes out.  

Marcus: have you noticed that the engineers of Blockstream are leaving?  Check out the latest Coindesk articles.  

Bitcoin will succeed, and it will succeed as a global e-cash system that is as useful to people making $2 per day as it is to people making $2,000 per day.  The Blockstream/Core "settlement layer" will end with this crash.

I am still in HODL mode. (stubborn skills that I seem have down, in spades).



But the last year BTC chart looks almost exactly like the doom/gloom bubble chart below we are all familiar with... (click on 1 year BTC link below and compare)


I'm





but I am struck by the 1-year chart for BTC and how it almost exactly looks like the above image of doom on this page



(sorry link only...but click on it, they almost look identical)



https://www.worldcoinindex.com/coin/bitcoin


my only real hope on this is they say it is a 'cycle' thus it can come back and repeat if BTC and crypto revives....which is my long-term

(and likely risky) bet....otherwise I shall be known as a 'former crypto tulip farmer'

Let's all just go to the Winchester, have a nice cold pint, and wait for all of this to blow over. How's that for a slice of fried gold?

And BTC is math folks, it can never be destroyed.

It is much more than an investment tool FFS.

and now Honey Badger would like a little meme with all of you:



Coinbase just announced, "Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase.

SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks."

Does that help?   

Well, let's go long on bitcoin. Wish me luck guys.

Good night everybody.

I think a long history of misleading and deceptive conduct is sufficient. We all know he is paid in Bcash.  I don’t think we need to discuss the technical aspects of big blocks at this juncture - we are both well versed in the issues.  Watching the charts is far more interesting.  Particularly if the end result is Bcash becomes a penny coin.

This message came from darkwebforum. Dont know but its possible:

From the 15th January’ 2018, there have been rumors from forums in the dark web about a possibility of a slump, down to $6000 by February 1st week before prices return to the original consolidation stage at $14K by March 2nd week.

On January 5th, when Bitcoin prices were at $17,000, at a dark web forum which can be accessed through any anonymous browser (like Tor), a forum member by the name Cyberjourno, says: “Guys, there are big players in play, big institutional players who want to bring the price down to $7000, I know it seems impossible now but these guys handle the media and know how to control the market. For the coming couple of months, guys, stay safe, don’t be scared. Brace for FUD FUD FUD!”

On Jan 5th there were two other comments on multiple forums in the Russian and South Korean social sites that suggested a bigger market manipulation in play. Interpreted and translated versions of the comments read: “Waiting for US, South Korea, Indian and Thai markets to break negative stories by February, prices to stoop back to $5000. Big market players waiting to invest millions in Bitcoin and smaller crypto counterparts. It’s easy to guess, find the common corporate entity that controls media houses in these countries. Make your connection”

I agree and I would like to add that the base of "hodlers" will only continue to grow. We are getting closer and closer to adoption. If we look at the adoption life cycle and judging by the kinds of people who have gotten into crypto recently, I think we are passed the early adopters and are now at the early majority stage.

On different note I would like to add, we all hope that the price of Bitcoin rises and we become more wealthier than we currently are, but to become more wealthier we need to endure some hardships first. This is one of them. You cannot get rich quickly unless you win the lottery and most people blow their winnings within a few years. It is better for your own self worthiness that you earn this opportunity, by
enduring the hardship that way you feel more rewarded when Bitcoin rises again.

Think about it this way, future generations will be using this kind of technology, but far more advanced than it is now. They will take Bitcoin and blockchain for granted, just like most kids today take the internet or mobile cellphones for granted.

Think longterm not shortterm.

On a positive note, one bitcoin is still one bitcoin.

How did we Moon so crazy-fast?

Hey it's not all that bad, I got a roomba out of this.

Like dust that became valuable & returned back to dust...

ashes to ashes.

Ah here we go....

The electrical cost to produce one bitcoin in US right now is about $3000 if you have around $0.1 Kw/h cost, WITHOUT equipment amortization. Maybe it can go lower, but I don't see why.
All I see is some games being played. Whatever.

They got in so low, and accumulated so much, they're sitting pretty unless it goes to 0

In this particular case?