Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15059. (Read 26713688 times)

I refer to them as "periods of opportunity"

Non-bullish is not the same as "bearish"... it be more aptly called:  "consolidation"   

Confirmed by BobLawblaw.

Bitcoin continues to traverse through unchartered territory while showing previous patterns.

Accordingly, each period is different from previous periods, since bitcoin is a work-in-progress with development and also influences from the broader crypto space (whether positively or negatively), and to assert that something is "so not like bitcoin" seems to be attempting to lock bitcoin into some kind of fantastical vision.

In any event, it is way too fucking early to be ascribing a "bearish fashion" to our current BTC market dynamics, unless you are trying to pump some other nonsense or imply that bitcoin is dead or even attempting to suggest that we are in the beginnings of a bear market... Get a grip.  We cannot figure out that either the bull market is over or that we are entering into a bear market or that we are trending towards bear, until some time plays out. 

Accordingly, we have been in a bitcoin bull market for more than 2 years, and currently we are in the midst of nearly a one month correction (consolidation), so it remains very unclear which way this consolidation is going to break or how long such consolidation is going to last.

For anyone who bought  more than 4 months ago, you are sitting in stupendous gains, but if you bought more recently, your position could be a bit more precarious.  I certainly am not going to proclaim that i know any kind of exactness regarding the direction of this particular market, but even correcting down to $8k would remain fairly bullish - even while it is seeming that such extensive correction is becoming less and less likely ... UP?  DOWN? SIDEWAYS?  I would not get too excited until we break either below $12,500 or above $17,500 and even then we have further support and resistance in broader channels of $10k and $20k... Until we break in any kind of meaningful way, we are in "noise" territory, and there is nothing really here to write home about, except perhaps to continue to fight off the fantastical claims that try to argue that we are currently in anything other than a consolidation.. or asserting that we are trending one way or another, based on such consolidation - except maybe suggesting more likely that we remain in a bull market, until convincing evidence to the contrary can be identified... where is such evidence?

http://www.zerothposition.com/2015/01/31/but-who-will-build-the-death-camps/

This is also apparently when Wall Street hands out bonuses. Expect to see some fresh money entering the game later this week.

https://www.reuters.com/article/us-bitcoin-regulations-germany/any-rule-on-bitcoin-must-be-global-germanys-central-bank-says-idUSKBN1F420E
“Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited,” Wuermeling told an event in Frankfurt.

kinda right

reuters can't resist a dishonest dig though
South Korea, where speculation on cryptocurrencies is also rife, is working on plans to ban virtual coin exchanges.

This will be an interesting week  Chooo chooooooo

I was just reminded that today is a banking holiday in the US. That's likely contributing to the underwhelming action.

When we're the new elite class, we can send all non-hodlers to concentration re-education summer camps.

Would it be a stretch to say that there are too many people on the planet?

Actually investing in sand might be an even better idea than investing in gold or cryptocurrencies. I'll trade sand for gold, any day. http://peakoil.com/geology/earth-is-starting-to-run-out-of-sand

Hmm like the 2014-2015 period ...

I'm likely as much of a sceptic as any of us regarding any of the seemingly obvious trolls in this thread, and perhaps framing of Roach's goals give him way too much benefit of the doubt in regards to a supposedly legitimate agenda to pump PMs and to perhaps believe that there is some audience here that is receptive to such PM pumping.  

Surely, your implication is likely correct that Roach's main goals are merely to denigrate bitcoin, distract thread participants from meaningful bitcoin discussion which could result in either readers being misinformed about bitcoin, frustrated about bitcoin, less likely to purchase bitcoin or more likely to sell more of their bitcoin holdings than they otherwise would.

I don't have a whole hell of a lot of sympathy for the plights of trolls - nor am I willing to read too many of the details of their attempts at substantively distracting posts, but I don't necessarily consider it to be prudent to completely ignore them and to me there seems to be some need to point out the bullshit of trolls from time to time... which I recognize most  people here already agree that Roach is at least 90% full of shit, and perhaps reasonable, normal and tolerable full of shit (for any of "us" normies), should be less than 30% full of shit... hahahahahaha..  

I personally place myself at less than 10% full of shit, but I might be a tinie, tiny bit biased towards my own self assessment ... so part of my point is that 90% or more full of shit peeps, such as Roachie poachie, is just way too much full of shitness in terms of making any kind of meaningful thread contributions and needs to be rebuffed, from time to time.

actually, I'm fine with a sideways channel 13000-17000

this is beyond my wildest fantasies for this time frame

and the "bubble" scenario looks less and less convincing by the day

It's getting a little bit weird at this point. Since I joined this space there have rarely been periods (atleasy periods that lasted this long) where bitcoin was going kind of sideways in a slightly bearish fashion. Of course we can't forget the gains we've had last year but it still feels so not like bitcoin.

Ironically I was more pro-PMs before reading Roach's posts.

Q. What's Visa's speed, volume and cost (cost dollars/moved dollars) for uncensored transactions?
A. Speed = 0, volume = 0, cost = infinite.

Note the costraint: uncensored is key.

Different leagues. Apples and oranges. You get juice anyway, but straight up comparison is misleading.

Ok.  My baaaad.

I had the impression that when Roach started posting on this forum in late 2013, he was pro-bitcoin, and providing pro-bitcoin ideas in his earlier posts.

Either my memory is mistaken, or I misunderstood some of his earlier posts.

In any event, we understand that the Roach turd is currently butt hurt in regards to bitcoin and spreading a shit-load of disinformation, misinformation and distraction in order to pump PMs and apparently talk folks out of their more prudent bitcoin holdings.