Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17930. (Read 26709140 times)

that went right over my senile head ..but i still got good lol regardless, thanx my friend!

edit.. ok the light just went on...duhhh!

here comes the big one

Another day done (UTC) and another short green candle.



That's 2 green candles in a row and a pretty good indicator to me that we may be done with our little period of manipulation/correction/profit-taking/panic (or whatever you choose to call it) and we're ready to continue the upward trend, but at a little less frantic pace.

Hopefully everyone stocked up on cheap coins during the buying opportunity.

ok so i got one thing right .........the price went haywire...about as impressive as being correct in predicting the suns comin up in the morning...

Yea, that's the problem.  The only way Bitcoin can be a guaranteed moonshot is if the plan of governments is to allow it to grow then co-opt it after and turn it into their cashless society slave system.  They'll create a fixed address, alias system wrapper with your name tag on it to go around Bitcoin and force you to use it or you'll be considered a criminal launderer.  We've already seen hints of this action with things like chain anchor.

Chain anchor was the direct approach and it failed (so far).  Next they'll figure out they don't actually have to modify the Bitcoin client and can just make their own that wraps around Bitcoin and legally force you to use it.  They will then wait until the majority of the population is herded into the system and then use the wrap around client to divorce themselves away from a finite, native Bitcoin unit and just turn it into the same fiat system that already exists except with the added bonus of cash being abolished and all transactions are tracked with your money automatically being stolen or redistributed to wherever they want.

They're already floating this propaganda now that with the "rise of robotics" causing unemployment, a Marxist slave system run by technocrats is required for humans to exist.  The only type of functional collectivist systems to ever exist are ones where people share the same genes like in a family unit or as seen in prisons where people form a bloc for common interests.  Tossing the mass of humanity into a big Marxist system always ends in collapse and mass death.

Don't get me wrong, you will probably be able to make some money on the ride towards this obvious endgame, but I give odds of around 10% that cryptocurrency turns out good in some way for humanity, and 90% chance it ends in the above dystopian scenario, co-opted by government and run by a bunch of people with the last name Goldstein.

I own gold, silver, and Bitcoin, and every time I see Bitcoin go up, it makes me equally happy for increasing purchasing power, and frightened since I already know what the most likely outcome is.

If you mean the price of Bitcoin is going to rise, I wish it would hurry up about it!

Crashes cause news as people try to rationalize price action.  News doesn't cause crashes.  If price hadn't been falling, people would have taken the time to understand it was BS before they spread it.  But they didn't because it was a narrative that fit what they were seeing in the markets.

Despite the fact the correction was due, the media created some China bans bitcoin hysteria at exactly the same time as the correction. It most likely drove the price down further, and for longer than it would have done.

The first time the China bans bitcoin story was published in 2014 it undoubtedly caused a massive crash. This time it might not have caused the crash, but it put people off buying back in until they were sure it was bullshit.

If you would think deeper about what I said, you would understand how bullish I am long term. Hint: what price was in August 2012 and what price in October 2013?

Only 1%... hahahahahahaha...

You may even be more of a bull than me.    

As you may recall, my sells are staggered, so I am not really selling at the top... even though maybe that would be a better strategy, but I had gotten up to nearly 9% in fiat at one point in the $1100s.. which was making me nervous to have so much of my allocation in fiat and appearing to "not be working" capital.

all the altcoin are about to appear cheaper but in fact be more expensive.


dump them.

I think blaming the media for this correction is far fetched at best. The correction was due. Quit trying to blame someone for it.

Yeah, but you're bearish more often than not. I remain convinced that Bitcoin is a long-term successful moonshot. I remain serene in the face of crashes. Is now analogous to Oct 2013? Frankly, I have no idea. But it could be. More importantly, some time in the not-too distant future will be analogous to Oct 2013.

In the meantime, I await -- seated comfortably at my pick-a-nick table -- awaiting mah fine and glorious repast.

is it really that different? thankfully gox is gone. still got the same chinese exchanges. most of the western ones are the same with some new players like gemini that no one seems to use very much. there's more margin madness. adoption hasn't exploded in any way at all.

it's come on a little bit but really it's a bit more evolution and nowhere near revolution.

I don't get why people compare today with late 2013. Wasn't the situation completely different then? Bitcoin is much more mature and look at the surrounding infrastructure; exchanges, etc. Whole different ball game.

Not everyone. I think we could be replaying August 17th 2012.

Pretty much this^.

A couple of days ago -- when we were in the $1100's -- I moved ~1% of my stash to an exchange, setting up a laddered day trading scheme. Some sells executed. First divestiture I made since the great runup of 2013.

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No, it was not enough to explain the crash. Either time.

::le sigh::

FWIW, I re-bought on the way down.