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1361  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2022, 12:09:20 AM
BREAKING | Johnny Depp wins defamation trial against Amber Heard; Court Awards Johnny Depp $15M 497.05 BTC in damages in Defamation Case Verdict

Finally some justice in this otherwise dark world.

15 to 2

reduced  to 10 to 2

My wife and I watched a lot.

I wanted more like 25 mill to 1 mill or 25 to 1

but they clearly sided with Depp.

If she appeals he can simply say rather than disgrace the true why me women in the world I will do no contest on the appeal give her the 2 mill and donate 7 mill to the 2 charities she stiffed along with giving 3 mill to real women victims of abuse.

Amber is pretty much dead to the world and should crawl into her hell hole and shut the f up.

fini bitch.

I think that he is now employable in Hollywood again.
Maybe not with all directors, but certainly most.
It's probably worth more than anything else.
I am glad that there is some sense still out there and you cannot win by just crying.
I only watched a few of youtube snippets, but it seemed to be enough.

still bullish on bitcoin...we shall go to that 38-42K, then see.
1362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2022, 09:32:12 PM
I am not as fond of Cruz, although he is smart.
It was readily visible when he was debating Beto last time.
I like his bitcoin views, though, as dems bitcoin policies were a huge turn-off lately.

As far as politics, Houston and DFW are probably canceling each other rn.

1363  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2022, 04:41:16 PM
go Bitcoin only.



It really looks like a Kid tried to draw something with a colored pencil and erase it with a rubber (except BTC).
This is a good picture of how Shitcoin is riding the roller coaster with people.

#Hodl #Bitcoin-is-Freedom

I agree with the sentiment, but it is a bs story that includes the early batch of alts.
Eventually, it might be proven correct, but not yet.
Not going to give examples since this board is about bitcoin.
1364  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2022, 10:52:36 PM
Somehow, most people are indifferent to getting no interest.
It would have been an outrage in the 70-ies or 80-ies or even in the 90-ies, but somehow become acceptable.
An anecdote: I opened my first online brokerage account in 1997.
Do you know what was the interest on cash in my account?
4.75%, lol (with inflation at 2.3% back then and fed funds rate at 5.46%)
Now-ZERO (or some infinitesimally small number with inflation at 6-8%).
This does not make much sense.

Yes, i agree that 5-6% "bleed" in 12 mo is an uncharted territory.
I also saw a chart that shows 16% year-to-year decrease in income.
1365  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2022, 03:09:41 AM
...  I am not unsympathetic ...

Fixed that double negative for ya Jay...

Learn English.  A rhetorical double negative is not infrequently used to convey subtle shades of meaning that the simple positive does not.  For example, substituting “frequently” into the preceding sentence makes it wrong.  It is not frequently used—but it is not infrequently used, either.


A bit harsh, maybe, definitely not called for, imho.

As to the point in hand...it does, indeed, happen...for example in the "Billionaire" series there is one repeated key phrase: "I am not uncertain".
That was some kind of a signal between the parties involved indicating that some things are happening for sure.
It (double negative) feels like a stronger statement, but I am not sure why.
1366  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2022, 06:49:57 PM
We can finally see some green! Well, this was predictable after 9 (10?) weeks of red. Not a real pump yet, but hopefully we'll see some $32-33k soon.  Cool

So, is this a:

* relief rally to $38-42k?
* mighty bull starting back to ATH?
* weak dead cat bounce to $30-32k with moar pain following?


I'd go for option 1. A relief rally to ~$40K levels with good potential for ~$30K levels to hold therefore. Notably once Bitcoin leaves <30 RSI "oversold" levels on Weekly time-frame, it doesn't return thereafter. Even with price often returning to similar closing price levels shortly after (so in this case around $29.5K), price historically has never made a new low after leaving these oversold conditions. For what that's worth.

Either the above or option 3, with a bit more downside in the following weeks to the anticipated 200 Week MA @ $22K. But this seems overly-anticipated right now imo. I otherwise don't think there's any real resistance between $32K and $40K levels. $34K would have been the theoretical resistance, but given it didn't act as support on the most recent way down, I doubt it would be resistance on the way back up either.

Despite thinking the bottom is either in, or close to it, I don't see a bull market this year at all. More likely consolidation between $30K and $60K. Similar to in 2019 when Bitcoin went from $3.2K to $14K and most were convinced that the bull market had started, until price re-tested $4K levels. Even ignoring that covid crash, price still took a year to consolidate back to the $10K levels, and had already dropped by 50%.

Think I mentioned it before but wouldn't be surprised to see price return to $50K to $60K by summer, before re-testing $30K again by the end of the year, maybe the 200 Week MA will be around this price by then. This is mainly due to Weekly moving average bearish cross-over which Bitcoin has always been very respectful of, ie showing that price is moving up too fast after a drop and needs more time to consolidate.

Also will give all the noobs the opportunity to buy high again after selling low, before price drops upto 50% and the bull market starts up again. Ie the usual recipe for another uptrend.

Great analysis. I also expect a bounce (could be to the middle of 30K-60K range or even up to 50K or slightly above as you mentioned), but then consolidation to the $30K (or slightly below) area. I might even trade some for the first time since 2017, essentially.

EDIT: I am surprised that we already moved to RSI(14)=46 (from 23 on May 11) with so little price improvement.
1367  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2022, 06:34:19 PM
A nice dose of long term hopium from the guy who has 77% of his non-equity in btc and 80% of equity in one stock (Tesla). Talking about a concentrated equity position:

https://www.youtube.com/watch?v=IicMOgLn9Bk

Personally, I have an investment rule now (after the 2001-2002 fiasco) that I NEVER invest more than 20% of my capital in anything.
However, I don't re-balance my winners, like bitcoin.

TL;DR The guy says that his 2030 "bearish" scenario is about $514-576K/btc, middle-about $785K-1.55 mil, most bullish- $3.5 mil
1368  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2022, 05:41:47 PM
Did you know that? I am a SHRIMP  Undecided
How many Humpback and Whales are in WO. I don't think anyone wants to reveal it. xD.



Source: Pinterest

As i mentioned before, this analogy is total BS.
It was funny in 2013, but not anymore.
Why?
Because there are 515000 whales in the world (80000 humpbacks, 10000-25000 blue whales).
Compare this to bitcoin distribution:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

According to the data in the table,

"Whale" is about 5-20 BTC (significantly less than 100).
20-100 BTC is a "humpback whale"
100-1000 BTC are 'Blue whales', the largest animals on earth (which are 10-25 thou in number)
above 1000-only about 2200 wallets in total (maybe Shai Hulud from "Dune"-there is NO largest animal on earth that is so rare).
Of course, this is based on the wallet size only and people could have more than one large wallet too.

Proposed New categories for the largest:

30-100 BTC "Whale" $1mil-$3mil currently (mostly corresponding to "humpback whale" in numbers). Regular whale could be as little as 5 btc if you compare numbers, but let's be conservative.
100-1000 BTC "Blue whale" $3-30mil currently.
1000-1mil BTC "Shai Hulud" $30mil-$3bil


1369  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2022, 02:57:27 AM
Bitcoin printed 9 consecutive weekly red candles for the first time in history


https://twitter.com/BitcoinMagazine/status/1531099327103393792


not in US, we are currently green for the week if the count is by 11:59:59pm ET.
If the count is by UTC, then, sure.
1370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2022, 02:27:37 AM
chooo...choooo..
$30130 $30174

Drinking the green wine certainly had the desired effect  Grin
wow: it is my post #8888, supposed to be a "positive" number in some cultures.
good times...
1371  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2022, 09:46:41 PM
New all-time high in addresses holding more than 0.1 BTC. 3,524,232 addresses! LFG!  Cool





^ ...indicating decentralization, I guess.
Naturally, the total number of addresses holding>0.1 BTC would reach a plateau at some point.
I would be surprised if such plateau would be above 10mil wallets, maybe even 5 mil...it seems like an S-curve that is about to 'bend' even more.
1372  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2022, 08:50:05 PM

I've read that the Japanese don't even fk anymore.

Something something androgynous beta soyboys and uninterested Harajuku manga girls.

I think their society might be doomed.

Whatever happens in japan, happens in 20 years in US/Europe (to a degree).
Example 1: interest rates at zero. Japan -from 90ies, US 2010-2018, 2020-2022 and maybe 2023-?
Example 2: manga (japan-10-20 years before, pretty much everywhere now)
Example 3: less interest in real sex (starting to occur in US as well based on the anecdotes I hear). Fapping to Onlyfans doesn't count.
1373  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2022, 11:29:40 PM
The elevated long leverage mixed with the overhanging ETH locked in 2.0 and the mtgox coins are still keeping this market down.  The support at $28K is looking more and more exhausted as it continues to be tested.  I think there's a strong likelihood that the price will retest the recent lows in the $26K range.  Hopefully that will liquidate some of the long leverage and bring the market into a healthier position to begin building support for the next wave of BTC to crash down onto it.

There is no evidence so far that the support is exhausted, but, sure, it could go either way.
Specifically, I am not sure how eth "overhang" affects anything rn (it doesn't).
It could affect something in Aug-Oct, but not beforehand.
1374  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2022, 10:07:25 PM
Bitcoin has to pop up about 1300 to 'escape' the 9th "historical" red weekly candle.
I would drink some red (green?) to it tonight.
There is no green wine, or is there?
Apparently, there is..called Vinho Verde (it is a Portuguese brand).
Maybe I should look for it around here to replace my usual red for tonight or tomorrow.
1375  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2022, 06:59:40 PM
BTW, this grinding down move (as seen in btc in the last 2 wk) is usually followed by a sharp upside (or downside).
Timing wise, it should occur in the next 2-10 days aka before or after the week and month end.
To me it looks 70/30 for upside vs downside, but opinions may vary.
If upside, we should travel to 38-41.5K; if down, should re-test around the 25.5, don't want to even consider something worse.
We shall see.
1376  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2022, 05:09:20 PM
mr v is a fucking idiot. nuff said

I think he's more of a scammer than an idiot.

Never attribute to stupidity what can adequately be explained by malice.

A scam or something that could be worse?
I had my doubts before, but his recent talk about "soul" tokens was Orwellian.
1377  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2022, 04:52:52 PM
The next 48 hours are critical....for the stonk market.

Watch the S&P 500, must stay above and bounce away from 3837 this week. If not and that level is breached, more DOWNity for stonks.

I don't think Bitcoin will be affected much tho. Don't see much more down for bitcoin. The scammers forced selling of tens of thousands of btc from weak hands to strong, and they don't have that much supply left below this price level.

And just like magic, the S&P 500 levitated away from 3837.

Stonks bear market postponed.

You can thank the Fed put.

yea, those SPY calls are working really well, already more than doubled, so I took 50% off, now playing with the "house" money until July 15.
@jojo69 heck, maybe Coinbase (COIN) is not a bad bet either if you slide in slowly (between today's $74 and $50 low, which was 89% down from the top).
1378  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 27, 2022, 01:29:10 AM
I was wondering why our competitor (cough-eth-cough) declined much more today.
Apparently, there was a 7 block reorg in their "beacon chain".
Will go without a linky, you can find it yourself at the relevant reddit.

Additionally, it looks like miners interfered with their testnet.
I always thought that they are unlikely to simply switch off their equipment and "succumb".
Maybe that POW>POS transition would not be without some contention after all.
1379  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2022, 06:17:32 PM

Força amiga! Vamos continuar sonhando em português!



Great, but, sorry, I don't think that it is sustainable long term.
The f-s are known to come back again and again, until they get their 'piece'.
Because of this and also geographical restrictions on purchases, I never applied for a 'golden visa' in Portugal.
US citizens have similar scheme in Puerto-Rico, but it is riddled with so many fees and limits that it is not sustainable as well.
Besides, they keep wanting to make a state out of it
1380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2022, 05:00:16 AM
Yeah I lived here 30 years 1 earthquake.
I lived in New York City 30 years 1 earthquake
I lived in California 3 years 3 earthquake.

WoW!

30+30+3= 63 Years.

My mind poking me: Ask him how old is he. (LOL)

he already mentioned it a few times (1957 should be a hint too, lol), so don't try to look too green (while get 'poked' by your brain, whatever it is).
 Grin
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