Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15617. (Read 26610131 times)

While I disagree with a number of TERA's positions, I do think a large retracement is on the cards in the not-so-distant future. Bitcoin has exhibited a fractally repeating pattern, do we bet against another iteration? For now though, I'll keep quiet: higher highs are the only thing that will happen.

What happens when the common rubes on the street figure out it's not possible to create a decentralized digital currency so they have no value at all?  And when people figure out the only possible value prospect they could've had in the first place is determined by transaction flow, not stock.  Meaning value is determined entirely by scalability to facilitate mass commerce, not pretending a bitcoin which is no different than a dogcoin or 1000 other coins is somehow "digital gold".  

The future of bitcoin is just a couple corporations controlling a centralized payment network and lying to everyone claiming it's "decentralized".  It's been a centralized corporation coin ever since the first day ASICS were created, so YEARS now.  The only question is how long can the lie of decentralization last.  Information in the real world is entirely asymmetric.  Mining hardware production is mostly a derivative of this information allocation and the far right side of the bell curve, along with requiring enormous amounts of capital hoarding.  The thing is basically designed from the ground up to be controlled by corporations since nobody else can leverage that much capital + skills required to make them year after year.

If the centralized bitcoin network doesn't die, it's inevitable it will turn into "Googlecoin".

wait. 80 % decrease from 11800 top would bring us to... 2360...  

i remember that one of my most wet dreams about how 2017 could end was if price would reach $2500. super bullish hopium best case wishful thinking kind of crap, you know?  not a lot of people were predicting $2500 by end of 2017.

when my best case scenario meets tera ´s worst case  scenario...    I guess ......   we FKN made it!   cheers  

thank you tera, you made my day.



edit: sry typos 

It is indeed karma.
It will come and bite us in the ass, very soon and very fast.

Everything here seems so degenerate. A lot of trolls, shills, pumpers, dumpers, honey badgers, rockets, sock puppets, fake news, real news, good news. You got everything you want!!! But this system of forum has very little credibility on the system that people have a political agenda and the readers just vote with their blind trust in those who write. No one can stop someone with thousands of posts and high activity to start spreading false information and get on hidden agendas.

This, all of this just makes me go think about that nonsense post on reddit from a few years ago:

https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/

I was waiting for a retest of previous ATH of $1268.  I think I am going to have to give that one away.

I seem to recall TERA being much derided during the 2013 bubbliness for making v bearish calls. History shows vindication with knobs on.

I didnt say $3K is going to be hit now, only eventually. It could hit $15K before it hits $3K.

I dont talk my book because I dont think what I say in a little forum is going to affect a $200bn market.

Simple common sense.  
____

Moderating the ongoing bullish trend as we go is a good thing. We don't want it to run away into bubble territory.

Slow and steady wins the race.
____

Too bad we didn't get a deep enough dip to be a good buying opportunity but we had one of those just a few days ago.

I'd be happy to keep climbing up fairly steadily with modest ATHs daily or close to daily.

My condolences to those who sold below $1.1k.

Yeah, no doubt you had a good rebuy opportunity, even right now. But calling 3k after it was weird

Naw, this was karma. You deserved this and so did every single person here. Bunch of degenerates.

I didnt sell accidentally. I had a stop at 11400 and then it went to 10200. Who says I didnt rebuy even more coins and now have a new stop/strategy?

It is you guys who are on another planet if you dont think a 1000% gain is going to see some kind of retracement. Historically all bitcoin rallies retrace to erase about 80% of their gains momentarily. $3K is actually quite generous of a figure. ITs so far away from $1K

Says the man who sold his bitcoins accidentally  

you are the amazingly fun character :-D weeee

There will be no 3k ... or 5k ... or 7k , 8k, 9k or even 10k anymore.  This is the dip. 10k - 11k is the damn dip! ... It will go only up from here. Because the supply is limited. Damn motherf^^king idiots.
Because of r-tards like you people will hate early adopters.

Is this science?

Another day done (UTC).

Another ATH, another green daily candle.



We even had a nice little correction to prove we're not in a bubble.

All in all, an excellent day. Go Bitcoin go.

you on another planet

3k would be sooooooo awesome

You can scrape some more gains out of this rally but only if you can manage sell before the drop to $3K.