Hey Jimbo, if you're on
Felix Hernandez is about to pitch his last game if you are interested.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9330. (Read 26711605 times)
September 26, 2019, 09:05:19 PM
September 26, 2019, 09:01:48 PM
Venezuela Has Bitcoin Stash and Doesn’t Know What to Do With It
I could think of a few things to do with it.
I could think of a few things to do with it.
September 26, 2019, 08:31:13 PM
I know it sounds impossible. But any chance to see 1-2k?? I have cash lying around and I seriously would go all in on these levels.
That would be dumb to wait for that price level.
September 26, 2019, 08:25:28 PM
Anyone has any wild guess at which price the real support might be at?
I think there is some pretty solid support around 5700, then the low 3Ks
September 26, 2019, 07:48:03 PM
https://beincrypto.com/five-reasons-why-bitcoin-investors-shouldnt-be-worried/
According to Hans HODL, Bitcoin’s fundamentals don’t match the panic surrounding its future right now. The suggestion is for traders and holders to step outside of the noise for a bit and look at Bitcoin objectively. Using these metrics, we can see that major indicators for Bitcoin remain positive — and are even getting better.
According to Hans HODL, Bitcoin’s fundamentals don’t match the panic surrounding its future right now. The suggestion is for traders and holders to step outside of the noise for a bit and look at Bitcoin objectively. Using these metrics, we can see that major indicators for Bitcoin remain positive — and are even getting better.
September 26, 2019, 06:36:12 PM
I think one huge red dildo down to high 6ks with mega volume and a lot of beautiful bottom memes could end this and restart the bull run into the halving. I like how fast this is happening. Much better than a slow drip.
Whales know because of the halving they dont have much time to cause max pain to newbs, weak hands, and get rich quick pumpers so whatever the bottom is (Id guess 6800 rn if I had to) I expect it to materialize quickly(30 days max).
TLDR: if you need to move fiat to exchanges to take advantage of rock bottom prices, do it pronto.
Whales know because of the halving they dont have much time to cause max pain to newbs, weak hands, and get rich quick pumpers so whatever the bottom is (Id guess 6800 rn if I had to) I expect it to materialize quickly(30 days max).
TLDR: if you need to move fiat to exchanges to take advantage of rock bottom prices, do it pronto.
Agree with most of that.
The support at 6-7k needs a proper test.
No outcome is certain, of course, but this dip has a much better feel to it. I was really uncomfortable with the move up to 14k in July. Without that, I think BTC could have been steadily rising through 10k right now.
September 26, 2019, 06:36:02 PM
A few points:
1. Mayer multiple is at 0.97 (close enough to 1 which might still indicates a bull market). In bear it could go as low as 0.5
https://mayermultiple.info/
2. S/F model current predicted value is $9016/8276
https://digitalik.net/btc/
All and all 8000 is kind of important for short-mid term direction.
Undecided on whether I should buy more here or not.
EDIT: let's play a game...what if 2019-2020 will have a similar config to two-humped 2013.
2013 (heavy metal rhythm): 12 to 250, down to 65, up to 1160 (within a year)
2019-2020 (something slower): 3100 to 13800, down to, say, 7.2K, up to 54-64K (in two years with half a volatility up and down)
1. Mayer multiple is at 0.97 (close enough to 1 which might still indicates a bull market). In bear it could go as low as 0.5
https://mayermultiple.info/
2. S/F model current predicted value is $9016/8276
https://digitalik.net/btc/
All and all 8000 is kind of important for short-mid term direction.
Undecided on whether I should buy more here or not.
EDIT: let's play a game...what if 2019-2020 will have a similar config to two-humped 2013.
2013 (heavy metal rhythm): 12 to 250, down to 65, up to 1160 (within a year)
2019-2020 (something slower): 3100 to 13800, down to, say, 7.2K, up to 54-64K (in two years with half a volatility up and down)
September 26, 2019, 06:00:17 PM
Next hours are critical
Where have I heard this before? 
I think bitcoin is a game of the minds.
Those who blink first are the losers of the game.
The winners are the ones who hold the most leverage in their portfolios.
September 26, 2019, 05:52:06 PM
your mom is ugly
Hey. Leave Schlitzie alone.
I met her back in the early 1960s when she was still working the freak shows.
She was actually quite the charmer (for a microcephalic).
Probably smarter than some of the trolls here too.
I wish I was that happy....
September 26, 2019, 05:45:54 PM
Many times you can understand the market in the opposite way ...
And if we see another approach:
Positive News = Price Drop = Sales
Negative News = Price Increase: Purchases
Price drop with "Open Shorts" = Smart Purchases by Investors.
As Jesse Livermore said: "The best way to Accumulate is by buying cheap, when people panic"
Perhaps the best opportunity is being presented right now and represents purchase ..
And if we see another approach:
Positive News = Price Drop = Sales
Negative News = Price Increase: Purchases
Price drop with "Open Shorts" = Smart Purchases by Investors.
As Jesse Livermore said: "The best way to Accumulate is by buying cheap, when people panic"
Perhaps the best opportunity is being presented right now and represents purchase ..
September 26, 2019, 05:42:04 PM
Or better said
On its way...... Lets hope the weekend-bull appears to kick off October as it should be kicked off
September 26, 2019, 05:36:37 PM
your mom is ugly
Hey. Leave Schlitzie alone.
I met her back in the early 1960s when she was still working the freak shows.
She was actually quite the charmer (for a microcephalic).
Probably smarter than some of the trolls here too.
September 26, 2019, 05:32:53 PM
In here its always about tha BTC bro
Goodnight, crawling into my HODLnest............ time for e well earned HODLsleep
Goodnight, crawling into my HODLnest............ time for e well earned HODLsleep
September 26, 2019, 05:30:27 PM
Massive buy order at even a lower price than we are seeing, staggered for those not sure of how dip it could go. It is now about the Benjamin
September 26, 2019, 05:28:29 PM
Outside of bitcoin, the explanation about repo-gate from already familiar C. Long:
https://www.forbes.com/sites/caitlinlong/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/
https://www.forbes.com/sites/caitlinlong/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/
Quote
For every US Treasury security outstanding, roughly three parties believe they own it. That’s right. Multiple parties report that they own the very same asset, when only one of them truly does.
Caitlin has always been good on this; the same rehypothecation exists in share markets, as she has properly ranted about before. Basically Wall Street only makes money by selling what it has many times over. Selling stuff it actually does not have is its business model.
This is part of the big financial institutions' problem with Bitcoin - that they can't own one BTC and sell it, or rent it out for interest 20 times over. If they can work out how to rehypothecate Bitcoin you can bet your shirt they will, but so far there hasn't been a way because of Bitcoin's transparent ledger and regulatory issues.
Exchanges already do rehypothecate - so of course it is possible, but only where the institution holds the keys of other third parties, and people who pay for or rent Bitcoin trust that third party to hold it rather than deliver. In this respect Bitcoin is like physical gold - rather than issued gold certificates.
Satoshi's design was all about this issue and the criminal recklessness of the world's financial instututions. If you doubt this at all - I refer you, Ladies and Gentlemn to Bitcoin's Genesis Block.
They have, it's called options on non-settled future contracts.
September 26, 2019, 05:22:57 PM
Next hours are critical
Not one timeframe is critical
HODLers heart, mind, focus, ironhands etc is critical in every second of the HODL
September 26, 2019, 05:20:23 PM
Next hours are critical
September 26, 2019, 05:17:01 PM
if we stay above 8k during the next day this will be good sign. todays attack to push the price significant below 8k was not successful.
September 26, 2019, 05:16:56 PM
September 26, 2019, 05:11:48 PM
Jump to: