All posts made by e-coinomist in Bitcointalk.org's Wall Observer thread
1.
Post 17616523 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.02h):
Chart movement at least from last eight days timespan
( have a look at
https://bitcoinwisdom.com/markets/bitfinex/btcusd on 1h scale )
should be reflecting Dotcoms Megaupload 2.0 announcement,
and the most recent development delays over there. MU2 now beeing a Q3/2017 away!
2.
Post 19220127 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.11h):
Lubing up for a drop below $2000 over the weekend. I has a sad about Bitcorn lately
made some very lucrative shorts today. Weak-ends and special holydays are always teh rite moment to short BTC
3.
Post 19786458 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.13h):
Can someone explain Why this aint stopping?
Start of bubble: March, somewhere 900 bucks
But once we go back there investor's disappointment will never recover again, as it did in the Gox aftermath. This will just break Bitcoin's neck.
ETH will have to continue the story, developping the technology further.
4.
Post 19796851 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.13h):
wonder if anyone actually shat their pants due to bitcoin - lol
so this isn't "the flipping" that would have enabled the scene to survive, and evolve.
it's "the dump" instead, and soon death. Great!
5.
Post 29659635 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
This correction beeing the 2nd greatest ever in size and timespan will most likely reach same proportion as 1st, again.
Lasting longer than 400 Days (above a year) going down more than -90%
Possibly below $2000
6.
Post 29664125 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
A hint whom they had been? Could explain recent market moves.
7.
Post 29665426 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
Well... Just took a look at
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html and it seems like whales are purely playing with the market.
Looke at those adresses (top 4 of the blockchain adresses in term of number of bitcoin detained) :
One dumps 7000btc, the other buys 7000 btc, one dumps 20k btc, the other buys 14k...
Should we expect a massive rise, as that they have played with the market to make it sink and will surely make it rise to gain profit ?
Number 2 beeing a tradesite. Everything featuring thousands of transfers is no single entity.
One could argue if those, swarm intelligence, act any wiser.
edit: oh wait, it's
BittrexFinex coldsotrage, gaining weight
8.
Post 29672093 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
$6173 on OKCOIN !! . Oh wait they stopped trading October 31st. So we are back to where we were 3 months ago. As sad as it is, it kinda puts things in perspective.
I still don't like this steady slide though. Its not how bottoms are normally formed
Sinkholes in the ground are shaped like that.
-3 monthes wasn't the beginning. Drawing Fiblevels further back in time up to ATH discovers there is a level alike $4800 so $5000 might not even hold for hours.
9.
Post 29686742 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
Fear of catching a falling knife: too many false floors already, so almost nobody wants to take the risk.
There is no floor. This is the final Fail.
10.
Post 29686917 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
Who sold at the bottom?
We don't know that yet...
At fifteen. What's more unnerving is there's no way back in, again.
11.
Post 29687134 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
So...this just happened to me; went out to the grocery to grab a couple things, young Asian guy with 2 toddler boys in front of me in the checkout line had a NEO hoodie and cap on.
I caught his eye and was like "tough couple weeks 'eh?"
He laughed and said he wouldn't have left the house but he needed diapers for the kids.
This is the first time EVER I have seen anyone in real life into crypto.
Everybody beeing in crypto currently requires fresh diapers. Just more concerning is the lack of fatal news, what's causing this meltdown.
12.
Post 29687538 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
Traders in cash I think until next week's Senate meeting with SEC and CFTC. $7600 is an important Fibonacci resistance level. Market needs to get back over $7600 and that could happen next Tuesday if news is good or even neutral.
Ack, seen the same $7600. Current journey seems to even target $4800. This ~ $5000 a rather psychological number. I'm not into kabbalistic, more round numbers style.
Curious why SEC or CFTC should have any impact, at all. Most of the action
https://coinmarketcap.com/currencies/bitcoin/#markets takes place at areas outside of their reach. GDAX + Kraken + Gemini < 10%
13.
Post 29707338 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.42h):
Do you think this bloodbath for today is over?
It seems like market is recovering
nope
Between 2018 and 2013 there had been 5 Years.
Once could argue that this meltdown could heal in another 5~10 years. But I doubt that. The momentum has been lost, the notation of the currency as a store of value destroyed.
14.
Post 32332853 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.48h):
Appears $12k is the pivotal turning point of this downtrend. Clear as day from the December ATH... next up, buying area between 7400-7800.
Extended drawing fibonaccy fans from ATH onto lowest low at(~ 6200) depics us still walking down the stairs. The difficulty on using fib-levels is about defining a "starting point" of sorts for the ATH pump.
Just picked august of 2017 since that has been the biggest event of 2017, that results in 7400-7800 hitting ... void, actually. 23.6% level beein -500 below that. $6800 looking more likely as an entry for the cautious.
Argueably the start could get moved to 3/26/2017 for a slightly different picture, just that would even lower these numbers even further.
During the next years (2018 - 2013 = 5) I'm exspecting the level we had during the ETF decision market swings, which happened to equal 2013 ATH, probably as a very solid floor. Twice of that level marking the entry into slow waters.
15.
Post 32333931 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.48h):
Which low? The lowest BTC has been since I have been involved was about $170. I don't think you mean that low however; since setting a bid a 1000 below that would be impossible. Unless the exchanges make it possible to have people disposing of their BTC by paying someone to take them off their hands.
170 left of a former 1300, or a -87% loss. Just any similar event of that magnitude is missing today. There was no Mt.Gox happening. Not even possible anymore since there are 114 tradesites doing above $1,000,000 *daily* volume.
Source
https://coinmarketcap.com/exchanges/volume/24-hour/all/ beware some might hand out false data.
Tried projecting a similar decay onto $20,000 to get that "new 170 datapoint" since it looks again like $2600, that 2x ATH of 2013 mentioned bevore. Just a Gox order of magnitude event is still missing. Watching USDT peg closely.
Forecast of that kind are uncharted territory so best taken with a grain of salt.
16.
Post 32605095 (copy this link) (by e-coinomist) (scraped on 2020-04-04_Sat_15.49h):
Worldwide, Bitcoin adoption is even lower than the few percent it shows here. With only 20 million funded Bitcoin addresses, and at least a few addresses used by each user, Bitcoin is used by at most 0.1% of the world population.
(I can't believe I never posted here, now I can finally get this thread in my New replies list)
Be welcome.
The user numbers are a mere fraction like 1/5 of wallets, since everybody of us uses 2~3 exchanges featuring new addresses. Been cutof from one site, new registrations "pending" forever. Currently registering more new sites than really needed, because they are just blocking new users.
Falling like a rock. Bitcoin FAIL of 2018