Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17242. (Read 26608056 times)

I'm going to quote myself because I think that the subject of my post follows largely on the theme that I already discussed.


I have been giving some further thought, and it is quite possible that we could get another test of the ATH - and maybe just barely getting to $2k or possibly breaching $2k for a bit, and then get another decent correction of 25% to 35% before proceeding above $2k and into the $2,300 and beyond territories.

That's just a tentative working theory that I am thinking has pretty decent odds, but I have been wrong several times in the past involving the extent to which this thingie ma jiggie that we call bitcoin continues to be bullish beyond expectations...

and maybe we can attribute some of that bitcoin bullishness to the various alt coin (aka shitcoin) pumps?    People may be thinking that if you can put $10 to $20 billion into various shitcoins within less than a month, then bitcoin has got to be worth something, too.. hahahahaha   

I know, let's break it down for the newbies with some mathematical formulas:

Cost [year] compared to Cost [year + 2] = cheap

Cost [year] compared to Cost [year + 4] = really fkn cheap

Cost [year] compared to Cost [year + 10] = if you don't buy right now and HODL you're an idiot and you will be poor forever

I thought that you said we were crashing PM?

I thought that you said that the technicals blah blah blah indicated blah blah blah.. we are crashing?

We gonna wait until later for you imminent crash?  Or if we don't crash down, then we crash up? 

hahahahaha   

Even PM is onboard, something is fishy, here.     

Looking good!

All Bitcoins are cheap compared to the cost of them next year. Buy now, don't wait....then HODL forever

People like goals, especially material ones. It can also cause more people to buy in (oddly) if they see price is at an ATH. These goals get more attention to BTC as well, which can cause further price rise due to more adoption, so it doesn't hurt to root for them.

The LTC price was honestly perfectly stable at 0.020, then the Chinese trading group/cartel forced it down from there while removing all buy walls + shorting + dos'ing Poloniex.  They have since dos'd Poloniex several more times trying to shake people out of LTC while having 5-10 Chinamen spam the chat with "LTC DIE, LTC GO TO 0".

Since it was stable at 0.020, it could just as easily hold 0.030 as well.  I don't know what the maximum upside will be, but I don't see why LTC can't beat the darkcoin blowoff top at something like $100 when LTC has a lot more respect as a coin than darkcoin does, and all excess traffic that BTC can't hold is going to flow straight to LTC and not coins like Darkcon.

Having said that, I don't have anything against asians, but I'm getting really tired of these annoying Chinamen.  They have a lot of traits similar to the jews where they think it's somehow ok for every word out of their mouth to be a lie.  That's called a "sociopath", not "the art of war".  Only weak people need to lie.  It's due to the concept of "face" in China where they make believe it's ok to try and screw over anyone that's not an immediate family member.

That's why it's so easy for me to trade against the Chinese, though.  They make the false assumption they're smarter than the people they're trading against, which causes them to think they can get away with repeating the same patterns over and over while you just front run them.

Maybe they do it because they don´t want people to wonder why they ask for the ramson in bitcoin. The reason is because of the difficulty of tracking the money later, especially once it has gone through a mixer. Now that Bitcoin is increasingly known, they may not want to emphasize that aspect. The IRS has already sued Coinbase requesting their user data in case they might be evading taxes, the Chinese government made a review on the exchanges, among other things, because they suspected capital flight.

Overall a decent and healthy dip.   15% at it's maximum from $1,890 to $1,600; however, looks like you bought in at about the 10% location of the dip.. and yeah, you cannot really time the bottom exactly, especially if you are working in traveling logistics, too.

If we do not get more dip (back into the mid to lower $1,600s), then this current scenario seems pretty bullish...

Once we started dipping and it appeared that prices broke below $1,630, I had a decent sense that we were going to be going into the $1,500s and perhaps testing support in the lower $1,500s... but it seems that support at higher levels was greater than I had thought and buying pressure has remained a bit too strong, even at these seemingly high - and really ATH price territories.

By the way, we also seem to have another pattern emerging, or my feeling of a need to make a reassessment of trade volume, which I would characterize as getting into the significantly above average levels.

It is difficult to assess trade volumes when looking at a few weeks at a time, but now if we look back at the weekly trade volumes since the beginning of the year, we have about 14 out of 21 weeks being fairly decently high levels.

I understand that in the past, I had asserted that overall, the trade volume was mediocre, but I am getting the sense of passion and the sense of consistency here, and I have to change my conclusion.. to assert that the trade volume level is significantly higher than average, especially if we account for the whole past 21 week period.

We may get consolidation, here, too, but I am thinking that the odds are getting a bit better (or more favorable) that prices are returning up and returning to test the ATH.. In other words, this does not seem like a good consolidation price area because there is too much disagreement about the price, which means that we gotta break either upwards or downwards, and since we experienced the mediocre but healthy 15% correction, I am a bit inclined to think that the scale is shifting in favor of more upwards from here.. maybe just slightly more favorable towards upwards and testing the ATH in the coming week or two-ish

Chart looks bullish again to me.   Nice to see pullbacks and recovery,  I'm not certain however just my initial impression over the last 24 hours.   I drew a rough uptrend line for CNY to pass or keep as a ceiling on yesterdays declining price action and its already confirming above that.  At least short term it looks positive.

I do imagine people are making a fuss about the $2,000 mark.  Of course it means zero as bitcoin is global not one currency and no value is fixed in any case.   If the cause of this pullback is nonsense basically then it should match the uptrend resuming as I see it.   As always just my rough take

https://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/#792e4bab4039

i think it is good that the mainstream media does not put btc in the center of critizism concerning this ramsomware attack. it could be a sign that they are slowly learning.

the problem seems that the journalists do not understand bitcoin. they think it some kind of internet hype. they do not get the technological elegance and beauty. all what is left then for them to write about is the price. when the price spikes and they write about it next day, price has corrected already. when the price crashes and they write about it, price is up again already.... 

Good morning Bitcoinland.

Well I managed to buy the dip, sort of... got in when it was about $690USD at Stamp.

Since then it's gone back up a little... $1723USD at Bitcoinaverage $1715 at Stamp.

Hopefully that was the big correction we were all waiting for and we're ready to move on up again.


Twice, at two different machines. In both cases I simply called the phone numbers supplied by the ATM operators and got my coins quickly.

In one case I had to wait 2 days because the operator's techie was out of town so I had to wait for him to return, examine the machine and verify that I'd indeed deposited the banknotes I'd specified at the time specified.

The other time it took less than 2 hours and and I got the added bonus of the operator offering to meet me and bypass the ATM on future purchases over $1000 and sell directly to me from his laptop at a reduced fee.

I both cases I emailed jpegs of QR codes of the public keys to paper wallets to them and they promptly sent me my coins.


Much of that time was spent playing music for a living. I don't consider that work. It was more like a paid hobby.

In between bands and gigs I learned to operate numerous small businesses and hustles. That served me well after the music business dried up. Everyone should have at least a half dozen sources of income.

Just a swift bear trap!    






(*edit:  Incoming FOMO! Take cover!)    

is crypto done??  

Ok, so give them (media) credit for not being absolute _____s for this one time? lol sure
Insert your local and/or preferred negative name above ^

Well the media can't win then, can they?  Bastards though they are, there's no point in insulting them for not associating Bitcoin with the ransomware, when they would have been insulted a hundred times more for doing it.  It's not like that exposure would have been good for Bitcoin's public image.

Yes I was watching for how many times Bitcoin was mentioned, and it was very few, on a number of occasions when it would normally been mentioned in the flow of the story it was omitted. Agenda or not, the facts speak for themselves.

Yeah, of course the jew-owned media (that's all the major medie for the uninitiated) want to downplay bitcoin. For the simple reason that the banks, and therefore effectively the economy as a whole, is also owned by jews.

There is no major mystery here. Just collective self-interest.

Think what you want, but there is absolutely no love for Bitcoin in the mainstream media. Almost every article is negative, or they associate it with a bad event happening. You can easily fact check this. The negative articles outnumber the decent, more accurate ones by at least 100:1.  And every media talking head has something bad to say about Bitcoin. Again, easily fact checked.

I have started to think of the price in hundreds instead of tens recently. Maybe because it's no longer worth it to buy the dips for me, who knows. What's the price today? 1700-something. Who cares about the details. Very relaxing.