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10881  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2020, 05:11:20 PM
Anyone else getting weird emails from circle?

is it the new scam?

You have received 0.00056197 BTC from Circle

You have received 0.00069818 BTC from Circle


They look legit in source and links, but while I may have made an account there years back I surely never deposited that I can recall.

I just looked into it, and it appears that they are crediting for BCH and BSV based on whatever BTC balance that you would have had in your account on August 1, 2017... the snapshot time of the BCH forkening.
10882  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2020, 05:01:50 PM
I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800?

Huh

True, Laszlo's pizza is significant in the history of Bitcoin - but that is a random thing. As opposed to him being the very same guy who coded up the first (known) GPU miner. Which of course is a much more significant accomplishment.

Mindrust is just an unfortunate misguided chump who panic sold.

The difference is Laszlo probably still had many, many bitcoin’s. mindrust sadly became a NOCOINER due to his misguided cowardice.

Mindrust probably made a few $50 purchases.  Remember he said $50 per week...

but yeah, he will probably end up panicking again, at some point and buying too many at too high of a price.

Remember that mindrust said that he had learned his lesson during the last bullrun from 2015 to 2017 and that he was NOT going to make the same mistakes again, but when push came to shove, he pretty much dropped back into some kind of similar pattern and into making the same mistakes that he had made previously.

Sure, maybe his mistakes had a bit of a different flavor from the earlier ones , but still ends up being some kind of variations of the same earlier pattern.

Definitely it can be really hard to learn new behaviors when many of us have tendencies to become overly emotional about our investments, and trying to improve on the model and becoming too arrogant with ourselves and not really realizing that we are gambling too much in one direction.. so in that regard, we presume that we are both financially and psychologically prepared, but when push comes to shove, we did not even sufficiently harmonize our investment strategy with our own deficiencies (we all have deficiencies, and probably part of the difficulty is to attempt to best harmonize our investment strategies within those deficiencies so we do not screwing ourselves because we had failed to properly harmonize).

Mindrust is just an unfortunate misguided chump who panic sold.

Maybe.
It looks like that, but just maybe.

Yeah... right...  Roll Eyes Roll Eyes Roll Eyes

You should know better than that, Cryptotourist.

It looks like that, but just maybe.

I'm just sad that dude didn't just re-buy and HODL at least 1 BTC. Maybe he did. Who knows.

He didn't.
10883  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2020, 04:14:41 PM
Is 7950 a good time to sell? And buy a rebound at about $7880?

How did that work out?


 Cheesy Cheesy Cheesy Cheesy Cheesy


Note: for some people, there is never a bad time to sell their BTC, and any little blip causes them to become trigger happy, yet through BTC history, we have seen a lot of bitter folks who have come out of that practice of selling too much too soon, and then they have shot their whole wadd when BTC prices shoot up another 10x or some other variant.. and maybe some of those folks never buy back in because they become disgruntled and bitter.. and they are subsequently always waiting for a BTC price correction that either never quite gets down to their previous selling point or to some further greedy point that they want to project "profits" blah blah blah...



lol thanks, im just trying to grind my Binance balance into more because I know the bull run is coming.

That is no way to "grind" your balance up.    Cry Cry
10884  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2020, 03:54:00 PM
Re btc, I intensely dislike the low volume smooth ascending triangle in every measure, but price.

Not going to predict btc price here, but increasing correlation of btc with the stock market is a nagging concern of mine.
Many (like JJG) think that it is very temporary and fleeting.

I suppose that might be a fair characterization of my position in terms of my attempts to stress that I find it problematic when people seem to be emphasizing correlation on a short term basis, and of course, from time to time, we are going to experience short term correlation whether we are referring to bitcoin or any other asset class.

An ongoing unique aspect of bitcoin concerns trying to figure out where the fuck is its place, and is it really a new asset that is on an exponential s-curve adoption phase or will this speculative exponential s-curve adoption end up petering out.

For sure, one thing about the future is that we cannot really know it, even when with bitcoin we seem to have a lot of great facts that should inform any of us who are really attempting to study and understand the space.  Some people take longer than others to appreciate the contributions of bitcoin and the future potential contributions of it, and these differences in opinion and perspective can drag out bitcoin's adoption timeline, which also correlates with BTC price movements and momentum.



Maybe, but if institutional traders are the one's that drive current appreciation, than this correlation has some fundamentals.

There are all kinds of shifting theories regarding who is driving bitcoin's price appreciation and/or various aspects of adoption/development, and the level of dominance of institutional traders remains only one aspect of it.  I doubt that we can fairly say that institutional traders dominate, and no matter what phase of adoption, the largest traders are going to try to manipulate BTC with whatever tools are available to them.  Sure, in the earlier days, there were not as many tools to short BTC, and in the earlier days there were not as many large players who were settling BTC in dollars, yet in the end, BTC bears and even some of the traditional financial players like to talk a BIG game in regards to their ability to control bitcoin and to cause it to be like any other reined in asset (such as gold), but bitcoin still is not even close to the same as gold in terms of physically demanding possession of the asset, which can pretty easily be done in bitcoin and can cause a considerable amount of risk for any of the traditional players to be trading bitcoin that they do not have... but yeah, I surely don't claim to know whether the BIG talkers are going to be able to manipulate bitcoin in the ways that they try to suggest that they are able to accomplish and/or if the ability of BTC HODLers to claim their coins is going to end up biting those fucktards in the ass.


Some stock market bears like Albert Edwards were poo-pooed for a couple of decades, but in one aspect he was right, we DID plunge into an "Ice age" condition in bonds first (with negative yields), then commodities (oil, copper, corn, sugar) just recently.

Bitcoin is differentiable from those assets, that's for sure... but sure bitcoin might correlate in some short term plays, too. 

The last "men" standing are equities, but he predicts that we eventually bottom up at below 2009 levels in SP500 (that is below 667)-crazy, I know, but what if he is right?. Every other long term trend this guy predicted panned out (in eventuality). After the ultimate bottom in equities, he predicts a furious equity rally together with higher inflation-thawing of the "ice age" and the start of the new "Spring". BTW, Raoul Pal posts something similar, but Edwards was at it since at least 2000 (he modeled it after the Japanese fiasco that started in 1989).

Even in an ice age, there are likely asset classes that might crash less, and probably bitcoin and PMs have just as good of a chance, and in the end, you have to decide what you are going to do an how you are going to allocate.

Yeah, Ice ages could last for decades, but even Japan was not the reserve currency at the time of its ice age, so dynamics are different than trying to use the japanese situation to predict what might happen this time around in your seemingly long-term hypothetical apocalyptic scenario.

Now, the potential of an "ice age" in equities together with a stronger correlation between btc and equities is the main factor that bothers me the most.

Seems to me that bitcoin is way the fuck too new to be making those kinds of long term correlations... but hey, Biodom, as far as I remember, you have been bothered about long term correlation of BTC and equities for a decently long period of time, and you were seeing correlation, even during periods of considerable bitcoin upspurts such as April to June 2019 and October 25, 2019.  You just consider those signals as aberations and continue to want to see bitcoin as correlated in spite of what seems to be decent evidence that bitcoin does not really correlate as much as peep (including ur lil selfie) seem to want to identify such ongoing correlation.

Alternatively, could it be that strongly (and maybe even intensely) rallying bitcoin would be THE factor that brings the whole world out of the "ice age"/deflation/low activity?
Maybe, and that's the hope.

I doubt that is the ONLY hope for bitcoin, and even if bitcoin remains flat while all the other assets plunge, that would still be bullish as fuck for bitcoin, even while the bitcoin doom and gloomers (naysayers) would be proclaiming bitcoin to have been a failure because it did not experience exponential upward growth as was projected in the stock to flow model.  Fuck that.  We do not have to follow stock to flow in order for bitcoin to be successful, especially if there ends up being a system of depreciation of all other asset classes and bitcoin merely just stays or does not depreciate as much as the others.

In the end, a central question still becomes whether you or anyone else who might be perceiving bad outcomes for bitcoin in all of this, whether you feel that you need to change your own personal strategy or approach whether that is reallocating or changing how your new money is allocated.. where you going to put it?  Is bitcoin in a worse situation relative to your previous thinking in regards to what is going on with the macro space?  I doubt that we really have any meaningful evidence showing that bitcoin is likely to underperform in comparison to other assets in the coming years, but hey, reasonable minds can differ even in light of seemingly bullish as fuck conditions for bitcoin, currently (caveat.. dyor, ymmv, btmfd).
10885  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2020, 02:48:04 AM
That's cute and all but purchasing power is still measured in the local fiat.


Sure, of course, but if some normie wants to call themselves a millionaire or billionaire based on having either .01BTC or 10BTC respectively, then it may be within the reach of a lot of normies to accomplish that... .. and maybe more difficult to achieve such status, especially the billionaire one in 5 to 10 years... at least not for normies.

Of course, I am no pie in the sky fucktwat to believe that we only measure matters in satoshis, but having goals to accumulate satoshis remain real and achievable and also likely to increase your dollar wealth too, especially if you have at least a 5 to 10 year timeline and you are in an ongoing process of accumulating them currently... rather than waiting until later when BTC prices (and even the price of satoshis) are likely to get a lot higher, especially in terms of how many dollars they are likely to cost down the road... based on pretty solid fundamentals and decent price prediction models, too.
10886  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2020, 09:34:51 PM
My Plan B is to sell insanely overpriced Alts during this bull run, not Bitcoin  Cool
https://media.giphy.com/media/gVoBC0SuaHStq/giphy.gif




Quote
If you own 10 bitcoin you are literally a billionaire.

Few understand this.
https://twitter.com/pierre_rochard/status/1254553080319877120


In sats, yeah

But seems like a beautiful illusion atm, unless BTC turns into world reserve currency, may be in next 70-100 years.. who knows?

If it happens, it will be way before 70 years from now.

Pierre Rochard is saying anyone who has 10 BTC is already a billionnaire

and anyone who has .01BTC is already a millionaire.

He is saying that literally is true because he is talking about the number of satoshis that they have if they have those quantities of BTC.

Part of the goal, too, is to get people to think in satoshis.

We have several billionnaires who regularly participate in this thread... even if they will not reveal their holdings, exactly.
10887  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2020, 08:31:13 AM
[edited out]

Interesting, can you go into a bit more detail on that?

I think that I wore myself out.

10888  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2020, 06:54:37 AM
O.k.  Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits?   I am not going to suggest that I am better off than him or worse of than him.. at least where he was at.  He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.

I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800? Anyway, his story is just another hodling fuel for me. Sell now regret it later.  Cool


I think that he sold around $4,500, but sure, through BTC history, and even involvement in this thread, there are quite a few participating members that have gone down similar roads as him in various ways, and part of the difficulties that many of us likely continue to have with the Mindrust situation continues to be that we got to know his situation pretty well through his own voluntarily sharing of a lot of details with us....

So there is additional sadness when he had become quite convicted in the appropriateness of his behavior because he tailored his approach to his own situation (psychology and finances), while at the same time, many of us had been trying to propose alternative ways of thinking about it or alternative ways to mitigate the risk or cut some of the losses, while increasing the preparations of UP. 

So, yeah sometimes any of us can become way to focused on preparing only for one direction, and maybe that was part of his problem - too much preparing for UP, so that when DOWN came, he overcorrected by then preparing too much for DOWN, and in the end, he is the one that has to decide for himself regarding the fitting path forward and to own his own decisions... even though so many of us were asserting that he would be kicking himself if he did not buy back in and accept his mistake of selling too much at the wrong time.. and continuing too much to had been preparing for down while neglecting up.

I feel bad about continuing to go back to him as an example, but it does help a lot of us to attempt to have reference points, and stories that he had seen and we might not even agree on some of the specifics of how to act or react or what lessons to get from the situation..
10889  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2020, 06:03:10 AM
I think the main difference between you and the plebs JJG,

Hahahaha

I am a pleb.


is having more than one bitcoin.

O.k.  Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits?   I am not going to suggest that I am better off than him or worse of than him.. at least where he was at.  He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.

So, yeah, depending on when we got in, we would probably create goals for ourselves, and if we are trying to be realistic, we don't overdo it, but at a certain point, we might be able to relax... kind of.. not completely, but kind of relax.

Who the hell can completely relax with such an ongoingly volatile asset that is likely NOT going to stop being volatile, and maybe there is some amount of comfort that almost every other investment has become volatile, too, in recent times, causing bitcoin to seem kind of normal... even though it is NOT normal and bitcoin continues to have way more upside volatility potential than many other investments, even though currently, it seems that there has been a lot of enthusiasm for gold, in recent times, so sure, gold might be able to outperform other assets, but that might not be asking for much, and getting a hold of physical gold or even selling it might be a nightmare, but maybe the goldbugs know how to maneuver those gold buying/selling circles.. maybe they do?  Maybe?  But there seems to be strangeness in liquidity and how you get it, sell it, and even if you have it, is anyone going to trust the purity of what you have?


New bitcoin collectors need the price of a bitcoin to be much higher to make any big consumerist dreams come true (a fancy car, bigger house).

If any of us were a new bitcoiner and just getting past our 1 bitcoin and it could take a while to reach double digits, even though double digits might not even be necessary.

Each of us just needs to work within our budget, and don't try to rush things too much.  The great upside potential of bitcoin, might inspire some folks to feel as if they need to overinvest into it, but the fact of the matter is that the asymmetric bet nature of bitcoin likely means that you do not really need to overinvest in order to still be able to compliment any quasi-diversified investing portfolio that you might have established.

Part of the reason that I proclaim to have become overinvested in BTC is because I largely reached my investment allocation target into BTC in late 2014; however, the value of my investment was bouncing between 35% and 60% of the dollar value that I had put into it, so in other words, I was then ongoingly between 40% and 65% in the red... So I continued to invest my available fiat value into BTC, which caused me to go over my authorized allocation, and then even though the BTC price went shooting up, starting in late 2015, I rethought my whole allocation situation, and my plans to cash out on the way up, and I conscientiously decided to meter down my selling on the way up plan.  I figured that I did not have to sell as much on the way up in order to still be fine with the whole risk allocation both psychologically and financially.

So, largely I have retained that perception of my own somewhat "overinvestment" status, which continues to cause me NO real preoccupation with shaving off some BTC here and there along the way, as needed  (maybe similar to a Jimbo perspective - even though Jimbo had been in one more up cycle than me, which probably contributes to causing him to be even less emotionally attached than me in regards to any need that might cause him to shave off a bit more BTC here or there).


There will likely be selling pressure between $10k and $25k of people wanting to get out or having a large stash and need to diversify. Beyond that there might be a big vacuum: high new demand but little supply.

Seems really difficult to know, but I think that if we get into the $17,500 area, there is likely to be some inability to stop the UP for a little bit of time, once getting past that area.. but there could be some severe corrections before getting above that, and sure we have to get back above $10k and even above $13,880... so we should NOT be engaged in attempting to count too many chickens before they are hatched, yet I still get the feeling that a lot of intermediary newbies will be wanting lock in some profits in the price area that you suggested - but in the end, who the fuck cares about those overly anxious profit takers anyhow, because they are always talking BIG talk like they are getting out and making a killing on their BTC, and the same thing happened between $500 and $2,500 in 2016 and 2017, and so all the anxious to make profits in those price zones have not come back.  I mean, are we going back between $500 and $2,500 so some of those overly anxious profit taking folks can buy some of their prematurely sold BTC back?  Does not seem too likely.
 
Don't get me wrong, I am NOT saying that it is a problem that there was a lot of profit taking between $500 and $2,500 and I am also not saying that it was not prudent to shave off some profits through that price zone, just for insurance of not knowing if the BTC price is going to continue to go up, but problems develop when selling too much BTC too soon rather than the fact that they shaved off some profits along the way.

Similar is going to be true in the $10k to $25k zone, as you pointed out.  

Surely, I don't see any problem with shaving off reasonable amounts, even though the BTC price is likely going to go past $25k and not really come back down.. but no problem shave a bit off a bit of profits along the way, but at the same time, it is going to be the better practice to NOT shave off so much as to NOT be prepared for UP, which is the more likely direction, even though it is going to seem unreasonable and outrageous, but there will need to be ongoing needs to prepare for up in that $10k to $25k price zone, even if we might get some pretty BIG scares in that time frame, just like we had the hardforking and related bullshit death of bitcoin scares in the $500 to $2,500 price arena in 2016 and 2017...

Remember breaking through $500 in May 2016, and then the August 2016 Bitfinex "hack" of nearly 120k BTC that so many folks considered to be a likely exchange exit scam and causing additional downward price pressures on BTC - that in the end, did not last more than a few months into October and November, and likely tricked a lot of folks out of their BTC..

Pour one out for Roach who is still (to the extent that fictional character still exists) obsessed about bitfinex(tether) causing the inevitable downfall of BTC.. and no one hardly even remembers bitfinex dominance or tether fud.. that still comes up from time to time but no one really knows what the fuck they are talking about... and why folks like Roach remain so bitter (again presuming the fictional character still exists).

But don't worry there are going to be equal or greater FUD incidents in this next round.   Cheesy Cheesy Cheesy.. and what is the more likely scenario, prepare for plan B's stock to flow playing out without putting too many eggs in that one basket.. yeah, nothing is 100% or maybe not even much greater than 60%, but still... pee pare ur lil selfies for up (not referring to you specifically, bitebits), even if skimming a bit of profits off of your profitable BTC along our upcoming journey .
10890  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2020, 03:48:56 AM
A game...PlanB suggests that btc will be at around $288K somewhere between 2020 and 2024, maybe more later, but let's focus on the $288K number.
Considering that it WOULD happen, what would be the $$ amount that you might accept right now for, say, 20% of your btc without the ability to re-buy btc or other crypto again until at least 2 years later (this condition is needed for an obvious reason):
a. 30K
b. 60K
c. 100K
d. 150K
e. 288K (that would be unrealistic, but, whatever)

My choice:
c. 100K

For me, there seems to be something wrong with your hypothetical because the only limitation is that I cannot reinvest into bitcoin or other crypto for 2 years, and therefore I am locked into not buying any more of my BTC holdings for 2 years (April 27, 2022), and if I take the deal, I can shave off 20% immediately and put into dollars.  So, I have 80% left.

And, sure, you are trying to test our resolution and conviction in regards to our belief of the stock to flow model, but I suppose part of the unrealistic aspect is that your scenario guarantees that $288k is happening somewhere between now and 2024, but since I am surely overinvested into bitcoin, anyhow, I don't mind getting an immediate and guaranteed return, now, even at the lowest level of the options - the $30k.  

So, I am thinking that the flaw of the hypothetical dilemma (inspite of the seemingly guarantee of $288k in less than 5 years.. with any exact time frame) is that there are likely a lot of other people who would be willing to get the immediate return on their BTC at even a lower price because of the guaranteed immediate return...

Jesus that lowest option is about 3.9x return on 20% of my BTC holdings, and immediately, and I am only locked into my sale for 2 years.  I am willing to do that even the lowest amount that you provided, so I think that the dilemma that you present is not very compelling because people will chose lower amounts, and your choice of $100k just seems pie in the sky greed, or lacking in really grappling with the hypothetical that you presented.

Don't get me wrong because if there is an immediate and guaranteed return of 3.9x, then I cannot see rational for NOT shaving off 20%.  I don't need higher returns, especially when guaranteed in such hypothetical.

Also, don't get me wrong about my eagerness to sell BTC because even though my regular BTC selling scenario sells bitcoin all the way up, it takes the BTC price to rise all the way up to $584k before my formula seems to have sold 20% of my BTC from my current stash, so even under my current projection of my BTC sell scenario, I don't reach those high of a percentage levels of BTC sales until $584k.

a. $30K     - 5.52%
b. $60K     - 8.75%
c. $100K     - 11.42%
d. $150K     - 13.3%
e. $288K      - 16.6%
f. $584K      - 20%

**  By the way, you (Biodom) caused me to create a new % column in my Excel spreadsheet that shows my already existing BTC/fiat projections.  That new % column seems to be a helpful thought experiment to project my current holdings and my future projections. On a fairly regular basis, once a month or sometimes more, I update those projections based on my actual BTC/fiat holdings and sometimes just trying to make the projections more realistically attached to what has been happening or what I expect to happen.  The projections of my BTC/fiat holdings plan continues to be completely incremental and does not have lump sum expectations within the projections, yet it does not stop me from employing a a lump sum change amount at any time, if I believe that the terms of employing such lump sum are agreeable (or seemingly favorable to the circumstances), whether the circumstances had come from a quick rise in the BTC price or to deal with some kind of hypothetical presentation, such as the one that you just presented, Biodom.

So maybe there is something wrong with me?  I have no problem taking 20% off right away at $30k with a guaranteed 3.9x return from today's BTC prices (of $7,700), and then I have to tweak my otherwise BTC selling plan because if I shaved off 20% with an immediate 3.9x returns, I surely would not feel like selling more BTC until the BTC price were to go up to $50k or higher... with the stipulation that I would not be able to buy any BTC back until at least April 27, 2022 or later....

My thinking with this hypothetical remains that a bird in hand is better than two in the bush, and gosh immediate 3.9x returns seems like a great deal, even given the imposed restrictions that you provide - and probably a lot of that is due to my already feeling that I am more than overinvested in BTC... but I don't have any plans to sell BIG chunks, but if I am given an immediate return, I am willing to shave some off.  

Am I getting something wrong with the hypothetical, Biodom?
10891  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 11:22:39 PM
How many times you get this?
However, at the end I could not make it to the top four.

Does 9 10 j q k   beat that ?
hells no

In this case, the suits are wrong, but a straight flush does beat four of a kind.  A regular straight does not beat four of a kind.


No.



Please don't


ffs...we need to lure them into the pool before the feeding frenzy starts     new victims......i mean new potential recruits, dont just show up everyday...willingly 

My main beef was two-fold... "crypto" and TA.

If he wants to discuss the finer points of Elliott Waves in KanyeKoin or Dogecoin, he should do it elsewhere.

Wall Observer isn't about "crypto" and TA. It's about Bitcoin and T&A.

That too.
10892  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 11:05:36 PM

No.



Please don't


ffs...we need to lure them into the pool before the feeding frenzy starts     new victims......i mean new potential recruits, dont just show up everyday...willingly 

My thoughts might be different from strawbs - because I remain skeptical about asking for permission, and I am thinking that the more successful of WO hatters, whether newbies or oldbies, is just doing it, - they are not asking - like some pussy... not going to mention any names, or provide images for that.  Wink

 Cheesy Cheesy Cheesy
10893  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 10:06:37 PM
can I share my Technical Analysis on crypto currency. I hope that It will be interesting and beneficial for all.

No.
10894  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 09:51:34 PM
That guy's rep will either be raised to guru status or he'll be completely humiliated, it all depends on this next halving. I understand why he doesn't use his real name, same reason most here don't probably, but it doesn't help his credibility when trying to publish scientific articles. This is the kind of stuff that needs to be peer reviewed. And leave off the price predictions. That said, it sure is a fun bit of hopium and it's hard not to get excited thinking about it.

I doubt that it is a do or die scenario...

The model has already contributed to the space, but it is not exactly created from scratch, but instead builds on the work of others, including building on the work in the bitcoin standard, which was also far from original work.  We had models like this from the beginning and they are being tweaked and improved upon on a regular basis, and no model is going to be 100% accurate in terms of predicting the future even though it can attempt to be accurate in showing and explaining the past.

So ultimately any model, whether talking about stock to flow or other variations can be used for descriptive, explanatory and predictive purposes and it tends to be good to adjust them based on new data.... for example, if some exogenous factors play out, then maybe the model will need to be shifted up or down in order to account for some factors that were a bit beyond either past experiences or expectations.  

His work has been reviewed by a lot of people including some mathematics oriented people, and I believe that I even posted a link to a podcast interview with one guy who spent a great amount of time trying to prove the model to be wrong..... I can look for that link, if you are interested.. I think it was on the Stephan Livera podcast, but it may have been a different one.

Edit:

I found the podcast with Stephen Livera that happened on March 3.. with Nick

https://overcast.fm/+OBZlI-5Nk

Then I found another interview with Pomp and PlanB on March 10

https://overcast.fm/+OWGw1d81w
10895  Economy / Speculation / Re: Globb0 BTC charts on: April 27, 2020, 05:13:18 PM
[edit out]

Of course i agree with all your statements about buying bitcoin all the time because in longer term it will yell better ROI than from speculations and for sure some buys was made by this type of investors but i think that their power is too small and too widely distributed to stop price in the best short position price from technical point of view.

I think that my overall point was not even really any kind of an attempt to predict short term BTC prices.

Yeah, we can have all kinds of analysis and theories about where the BTC price might be going in the short term and why, and even when we are seeming to be 90% right in our analysis regarding what way the BTC price should go, the price still ends up going in the opposite direction, and perhaps those kinds of opposites happen because bitcoin still is quite relatively illiquid as compared to other assets, and if some BIG player wants to push the BTC price in one direction or another in the short term, maybe other whales might not really feel so strongly as to go against him, so he is able to push the BTC price, in the short term, in the direction that he wants because he is willing to inject capital in that direction.  Sure, sometimes, such whale fails to achieve his short term objectives, too.

So, in essence, I tend to poo poo technical analysis quite a bit, even though sometimes it is interesting to view what some members are saying in regards to price pressures and dynamics that they see based on a variety of indicators in the charts.... but in the end, there has been a lot of appreciation of value that had come to people who have either completely refrained from trading and/or engaged in tactics that merely involve buying regularly and maybe from time to time attempting to buy a bit more on dips.  I am NOT suggesting to NOT play around at all, but I personally believe that any trading should be a tactic that involves a minority of the value of the BTC holdings of anyone who seriously wants to profit overall from the ongoing accumulation of BTC.

Of course, one of the main sure things in bitcoin continues to be its ongoing and seemingly inevitable volatility, so even if we consider that maybe the BTC price is ultimately going to go up in the long term, and it has good odds in terms of being a seemingly decently great asymmetric bet towards the upside.  In the short term, there are likely ways to attempt to profit from the seeming inevitable volatility - without having great insight towards how much probability to assign to one price direction or another.

So, yeah it seems that some of BTC's volatility has gone down somewhat with the increases in the market cap, so it takes much BIGGER players to push BTC prices in extremes, but the ongoing entrance of BIGGER and BIGGER players into bitcoin does seem to cause a decent amount of continued ongoing extreme volatility, and maybe BTC has to accomplish another 50x to 100x increase in its market cap before the volatility simmers down a bit, and even a 50x increase in BTC market only puts bitcoin in the neighborhood of Gold's current market cap, and many folks theorize that bitcoin has attributes that make it much better than gold in terms of scarcity, verifiability, portability, divisibility and ease of NOT having to rely on as many third parties, so in many senses, even 100x price appreciation from here remains a kind of small potatoes, and likely will continue to experience volatility, but likely continued lessening of volatility as the world gets used to bitcoin and its various value propositions.. so in the meantime, HODLers should be able to figure out ways to profit from the ongoing likely upwards potential that is likely to be accompanied by inevitable and diminishing volatility, but it still could take a few more halvening cycles for bitcoin to solidly get above gold's market cap, but at the same time, we cannot even be sure about how quickly any of the outrageousness can happen based on seemingly crazy-ass monetary (and safe haven asset) times in which we currently live.
10896  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 05:27:13 AM
I surely reciprocate any ting-a-lingy feelings that are caused by bear gun shyness or recktage. I have never really bother with leveraged contracts...have never seen the point..it seems to me that moving the way the market 'naturally' goes is the better way. When market go down..buy some..when market go up..sell some. It could be that simple. 

My main bitcoin portfolio strategy is simple..just keep buying and hodling..he who hath the most coin, wins.   Highlander style.

I recently heard an interview with a person who advises clients and creates investment recommendations that involve investing in BTC; however, before March 12, that person did not realize that there were places within bitcoin markets in which trading could be accomplished with 100x leverage, and such person said that he needed to change his perceptions of what is possible in bitcoin because of such craziness that is likely taking advantage of gamblers..

Remember Bitmex had to pretty much shut down its exchange for a period of time on March 12 because BTC bears would have likely dumped BTC prices to somewhere close to zero if they had the opportunity in order to pick up some cheap BTC.  They had no mercy in their greed, but some of them ended up getting reckt because the exchange shut down and screwed some of those manipulators out of their position to push the BTC price to as close to zero as they could get it...

Merely because there was such extreme downward BTC price pressures on Bitmex would likely NOT have caused BTC prices to go as low in other exchanges, but you never know, but such extreme abilities for traders and manipulators contribute to crazy ass irregularity possibilities within bitcoin that is not likely to go away while 100x leveraging continues to exist, and even though none of us regular and sane BTC HODLers engage in such stupid ass behavior, sometimes we need to account for BTC price dynamics that allow for such crazy-ass extremes in a kind of wild, wild west way and maybe sometimes we will benefit from such crazy-ass extremes and other times, we might feel that we are getting exploited and manipulated ourselves because of the conduct of others including the fact that some of those kinds of irrational and crazy tools allow some bitcoin gamblers to play with extremes, and sometimes getting really fucked... A whole fund came down because they were not able to play such games on bitmex

https://cointelegraph.com/news/crypto-hedge-fund-goes-belly-up-after-bitcoin-price-drop-to-38k

The bitmex March 12 story:
https://www.longhash.com/en/news/3287/How-High-Leverage-in-the-Crypto-Market-Crashed-Bitcoin-to-$3,800

My point for bringing up the bitmex story is not to complain about bitmex but instead to point out wild ass bitcoin price dynamics that can end up affecting us regular joe blows, and maybe give us fewer feelings of ting-a-lingies if BTC prices are very irrational for periods of time and seemingly fueled by others engaging in such crazy-ass leveraging behaviors that might not even be allowed in regular markets.
10897  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 04:25:03 AM

Are the shorts stacking up too, in order to provide some fuel for them to get RECKT?  That would be a lovely sight, no?  Might stimulate ting-a-lingies for any of us who might still be able to experience such feelings.

You would really have to look at each exchange and see the L/S ratios. I dont have a overall metric that is easily disseminated unfortunately.

A quick look at Binance might give a general sense of market sentiment but its tether bound so...there is that.




I personally would love to see RECKTAGE with bear entrails scattered about...but I am just trying to report what I see jjg. Doing ones own research is always best imho.  

Sure. Long/short ratios might not be your specialty, and surely I am not claiming them to be mine either, even though I recall some discussions in which sometimes there have been assertions regarding whether the ratios are appearing imbalanced in one direction or another, so you don't really seem to be showing extremes in one direction or another, and maybe it does not matter too much.  I know sometimes, also when the BTC price had continued to move in the upwards direction in early 2019 (between April and June), there were constant ongoing stacking of shorts all the way up from $4,200 to $13,880, and towards the last part of that, some of the bears just stopped shorting, maybe that last area between about $11k and $13,880 because they just kept getting reckt, over and over.  

I think that a similar thing happened on October 25, 2019 when BTC prices went shooting up from $7,300 to $10,300 within a matter of 12 hours.  I think that there was a series of reckt shorts.. so yeah sooner or later, the shorts are going to become correct, but if the price goes shooting up and they get reckt several times, such recktage seems to cause gun-shyness in shorting, at least for a period of time, and it tends to cause ting-a-lingies within my meat wagon RL being.
10898  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 03:36:48 AM
the evening wall report


A bearish engulfing candle on the hourly and a possible double top on the four hour chart is signaling a possible change on local time frames. A lot of sell orders stacking at the $7.85k and $8k range with traders appearing reluctant to engage at these levels. Sideways accumulation continues until the bearish $7.5k level or the bullish $8k level is breached for the confirmation of a trend change.

1h


btd's
4h


Six weeks of gainz leaving us sitting above high time frame support levels and testing a previous resistance zone are indicating we might see some profit taking soonish. A strong impulsive move above -0382 fib would over ride local bearish consolidation. #dyor
W

#stronghands

Are the shorts stacking up too, in order to provide some fuel for them to get RECKT?  That would be a lovely sight, no?  Might stimulate ting-a-lingies for any of us who might still be able to experience such feelings.
10899  Other / Meta / Re: Appeal of Ban Appeal: “hacker1001101001” spammer-sockpuppet menagerie on: April 27, 2020, 02:57:43 AM
To jayjuangee

Your entire post boils down to this.

You believe the thread is simply about hacker0101000101.

No.

It is about the appropriate fair and consistent punishment for hacker.

You keep repeating that anything to do with the histories of DT and other friends of yours are irrelevant and off topic.

We disagree then.


I keep repeating that your friends scamming histories are fundamental to the process of providing context to hackers purported evils.  Only with this context can we determine fair and consistent punishment for hacker0101000101

We must simply disagree.

Yes.  We agree in regards to your last sentence, above.

It is clear that I am correct.

That is your erroneous opinion.

You are either unable to understand the concept that you need full context for fair and consistent treatment or you are pretending not to understand.

I am not pretending.

If you just want to see a bunch of scammers that should be banned here witch hunt someone that spoke against them for lesser evils than their own. That is fine.

I would not want to see a bunch of scammers.  I also would not like members to be on witch hunts.

My arguement is solid.  Full context should be considered.

That is your erroneous opinion.

Stop pretending you are unaware of any clear wrongdoing by these scammers. Just makes you look untrustworthy.

I am not pretending, and if I appear to be untrustworthy, then that is your opinion too, which also seems to be erroneous because I have tried to work with you quite a lot on these topics.  Of course, you continue to suggest that I have not worked with you enough because you want me to do homework, and I continue to assert that I have done enough homework in terms of the various ways that I have participated in this thread and the other thread about hacker.  So we do not agree.  I don't know where else we need to go with the topic, because it is seeming that we are getting quite repetitious at this point.
10900  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 27, 2020, 12:52:28 AM

Getting damned close.

We could almost say that the inching up of BTC prices has been happening since March 12..... and that can be seen by every weekly candle coming out green for 6 weeks, and now we are on week 7, and will we get another green candle?  We have a whole week to find out because the sixth one just closed an hour ago, so the new weekly candle has barely begun.

Even the three day candles have only three red ones out of 15, so are we getting overheated, or can we persist and push up to $8k and perhaps above $8k?

By the way, one of my favorite past times continues to be answering questions with questions, so I am hardly the person to ask about my predictions, especially if they deal with the subject of the future.   Wink Wink
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