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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Pulled out my bitcoin app and it was defaulted to Kraken. I noticed the price high was $2589. Some crazy anomoly from the looks of it.
Looks like shorts had no coverage
Yup, but the far majority of the people are only here to earn money. Bitcoin's decentralized aspect and the technology that powers everything are not of any importance to them. Browse through various banks accepting Bitcoin type of threads, and you'll see how many people like the idea of banks incorporating Bitcoin. Certain people prefer to remain a slave of the old corrupted system it seems...
People get lazy when they are comfortable.
If you already have a good life and food and a house, you will continue to use banks because it works.
The only people that want to change the system are those that are very desperate, or very forward-thinking.
I agree with the very desperate part, but I haven't yet met forward-thinking people who are desperate. Desperation comes from lack of vision that narrows down options for ones future.
And bitcoiners aren't about changing the system. They are about putting themselves on the spot of the "alpha-leeches". They dream of buying an artificially scarce virtual currency, so that one day others will have to buy it from them for a much higher cost, while they themselves get richer without any work or skills that contribute society. Bitcoiners have the same moral fiber as "banksters". Only difference is that they lack the education and skillset needed to leech successfully enough to satisfy their materialistic urges.
Like in all revolutions, we are here to take place of current elites as their money become obsolete.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
China is dumping hard, but the west is still hodling.
This song sumarizes it well https://www.youtube.com/watch?v=A7TuFy0fcuw
This song sumarizes it well https://www.youtube.com/watch?v=A7TuFy0fcuw
Yes, seriously. It amazes me how people don't have the slightest care about the millions of btc and ltc frozen on chinese exchanges all bought at significantly reduced prices relative to the western markets.
Some say that's because it's uncertain whether or not they will have access to these coins again but I believe it's because they can get away with corruption easier and they have frozen the market to hedge a short against western markets which are essentially giving away free money to them. A large volume is frozen which means it will move in large chunks once it becomes available. It's not like if 2-3k btc were frozen. It's 2-3 million.
You could say the same thing about frozen assets on bitfinex. Who is going to break first?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
China is dumping hard, but the west is still hodling. Couple months/years ago, west was blindly following China, now it looks like there is a western/chinese civil war. West is bullish, China is bearish.
Bitcoin price seems to be surging , investors seem to think that the price will surge to $4000 , In the US there seems to be negativity towards bitcoin on the securities and Exchange commission , what would create this surge ?
No, max 2400$.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
1900$ was a top according to my analysis. I would not mind being proven wrong
Looks like my analysis was correct. If we close below 1650$ on stamp its all she wrote. If it holds we may go next leg up (less probable).
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Flood.
Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.
Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.
Do you own said tree? Some weirdo might take a fancy to it and decide to steal it during the night. Your wallet might be unearthed during the theft.
Its on my family's land, its an old tree broken by thunder in half, planted by my great grandfather. No one will ever cut it, since it gives the best green apples.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What's the downside of paper wallets then?
Edit. As a hodler
Edit. As a hodler
Flood.
Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Got a FOMO attack and rebought everything I'd sold @ 1200 following Afrikoin's advice.
Who remembers?
Now I have 40% less coins, thanks to that stupid belief.
Lesson learned, page turned, now I'm on JimboToronto train. No matter the price, I'll take every chance to buy. Every month if I can...
Back to HODLrs team and I'll honor my nickname.
Who remembers?
Now I have 40% less coins, thanks to that stupid belief.
Lesson learned, page turned, now I'm on JimboToronto train. No matter the price, I'll take every chance to buy. Every month if I can...
Back to HODLrs team and I'll honor my nickname.
Who are you going to blame but yourself? It's your fault for letting anyone think for you.
Afrikon are you still sitting in fiat or did you buy back?
fiat and a couple of alts.
i missed the train.
waiting for correction.
Also not ashamed
You need to zoom out to see a bigger picture, we were not in an ABC correction since we are still in a strong uptrend since mid 2015. We will correct, but probably in a half to a year from now.
whats your target for this current rise?
what do you expect to happen re: price next 3-6 months?
I think we are currently in a (5) in a 5 wave move. Nov 2015 is (1), Jun, Dec 2016 and Mar 2017 form a 5 Wave (3), and now we are in (5). This may be the final move to from (5), or we may have an WXY extension. It we are going to have a extension we may have one more last pump this year before we start correcting.
Thats more realistic approach, there is also the ETF approval factor that may prove everything wrong and take us to insane levels.
Afrikon are you still sitting in fiat or did you buy back?
fiat and a couple of alts.
i missed the train.
waiting for correction.
Also not ashamed
You need to zoom out to see a bigger picture, we were not in an ABC correction since we are still in a strong uptrend since mid 2015. We will correct, but probably in a half to a year from now.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
not resolved. still the same problems. i wonder how that will get resolved.
Probably by a price crash, the finex crash will be a good place for a long term buy.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I think we can safely say goodbye to triple digits. If we somehow do go below $1000, I'll jump all over it.
You may be right, like I wrote couple days ago: I wouldn't be surprised if we see 1700$ in april allone
Darn, off by 9 days
Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.
Where is it all coming from?
Where is it all coming from?
Europe is dying and people are parking money, and since BTC is on the constant rise for like 2 years now it attracts more and more people. Just wait when the euro shit hits the fan.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
IF nothing happens in comparison on BTC's side on this scaling etc
price could go 'ker plunk' downward...
price could go 'ker plunk' downward...
I strongly disagree, no agreement in scaling battle would be bullish news for BTC and a proof of Bitcoin's stability. And who cares how much does payment costs if we are hedging against collapsing western civilization.