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18901  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2018, 09:53:42 AM
If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  
Idk. You should start by deleting all your posts and lets see what happens.

I was one of the most active post dumpers at one time. It's actually a really tedious process.

How could that be?  Your account was merely born in October 2017.


18902  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2018, 09:47:15 AM
If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  
Idk. You should start by deleting all your posts and lets see what happens.



Let's


NOT



And say we did.    Angry Angry
18903  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2018, 09:37:12 AM
Without fresh money to pay off old holders the price cannot continue to rise.

That would have been a pyramid scheme, which bitcoin is absolutely not.

Bitcoin roughly follows Metcalf's law:
"The value of a .... network is proportional to the square of the number of connected users of the system (n2)."

Therefore, to increase in value 1000fold, you only need to increase the number of users about 31.6 fold.
I doubt that there are 30 mil active bitcoin users, but even if there are, 900mil out of 7bil is a possibility (eventually).
I think that someone projected $2-5mil btc with about 400mil active users.

BS - metcalf's law is about efficiency - and we all know how Bitcoin behaves with more users

Bluebits is right - its a pyramid and unsustainable through itself - there has to be a constant! inflow of money to keep the price on point! - absurd - If everyone HODLs price will decline
There's even that MtGox study which shows that without blatant manipulation price almost always declines. And this is what we are seeing the whole time.
Price declines - pump it up through wash-trading, spoofing, tethers - price declines - repeat

We gots our selfies another goofie dumball here.. making nonsensical assertions based on incomplete and misleading information and wishful thinking.   Roll Eyes Roll Eyes
18904  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2018, 09:32:11 AM
Pagecount has passed ATH.. 11 pages til 20K.

That’s it. I’m shorting full leverage.

So.. we go back to 3k soon?

If you recall when we were at 10k pages, it took a couple weeks to go above 10k pages because peeps were dumping posts like it was funny as fuck.

I was vocally (I mean in writing) opposed to the post dumping, and I thought that it was bad for WO historical record and precedent but it did not stop the dumping from happening.

These days, at 20k, we may be more WO nostalgic, and I wonder if dumpers are going to be able to muster much momentum?  


Pagecount has passed ATH.. 11 pages til 20K.

That’s it. I’m shorting full leverage.

So.. we go back to 3k soon?

only JJG could do this trick for us.

I'm not dumping any of my posts.   Wink Wink    Tongue Tongue

P.s.  By the way, I just did the calculation and I only have a bit more than 400 pages anyhow, so a mere drop in the bucket in the whole scheme of things.   Cry Cry
18905  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2018, 03:21:47 AM
[edited out]

 .......... I can't believe you got merit for berating me over it.  ......

We should not be sensitive over the choices of others on the interwebs, right?

18906  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2018, 01:45:42 AM
Are these the actuall Bitcoin prices in the pictures ? i find them rather cheap. Until now i had only numbers in my wallet, but now i have corresponding pictures. thanks.
What´s the catch. The upkeep ?




Time travel if you can swing it.

Honestly have no idea what you are saying. But one thing is for sure: i don´t need no fucking Lambo, thousand other things, but no Lambo.  Smiley

Your username is like cotton in my ears

Is that good, or bad ?  Smiley

On the one hand it is good, and on the other hand it is bad.




18907  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 11:46:22 PM
...
https://bitcointalk.org/index.php?action=merit;u=1385913

Haven't you got a lot of merits for a newish guy? Oh look, they're all from one 'other' guy.
Bounder.




motoprose be thinking: 

"Hey?  How did you figure that out?   Oh I did not realize that peeps could see merit history... Go figure?"
18908  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 11:25:46 PM
Bitcoin is unfolding like the dotcom crash — just 15 times faster

Edit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about.

$946k per btc in about a year? if that comes true I will buy a lambo for everyone that merits this post.

[https://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/12/23/moonlambos%201.jpg[/img]

You might be better off eating your own dick.    Cheesy Cheesy Cheesy

The amount of merits 600watt's post has received is absurd; we are so damn hopeful, bullish, and ... careful.

It seems to support the gambling theory of bitcoiners.  

Guys and gal of the WO thread be thinking, "what the fuck, it is only one smerit, and it could turn into a Lambo."  
18909  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 11:21:55 PM
And Bob's statement about EVERYONE being wrong largely amounts to a whimpy-ass and emotional capitulation outburst.

That's, like, your opinion, man.

Still HODLing.

Come at me, bro.


Opinions, opinions EVERYWHERE

18910  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 11:14:05 PM
Bitcoin is unfolding like the dotcom crash — just 15 times faster

Edit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about.

$946k per btc in about a year? if that comes true I will buy a lambo for everyone that merits this post.

[https://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/12/23/moonlambos%201.jpg[/img]

You might be better off eating your own dick.    Cheesy Cheesy Cheesy
18911  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 11:03:18 PM
Fucking hilarious to me. All markets are rigged.  Roll Eyes

Your word choice remains off, Torquester.

It is NOT that "all markets are rigged," but instead they are subject to manipulation by folks with greater resources - however, they are only going to manipulate for as long as they can, and from time to time, markets run away from manipulators.... and in that regard, they have to go with the trend, until such point as they can regain control.  So, I am not denying your manipulation theory, but instead suggesting that you come out with these weird-ass assertions to suggest that there is some kind of overall global theory/practice and control, which surely you should not even believe that yourself, in spite of your ongoing bolsterings in that direction.   Tongue
18912  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 09:06:50 PM
maybe btc is different, but pumps like this are typical for bear markets.
bull usually does not involve 20-30% day gains (apart from blowoff tops).
we shall see.

I hate to say it, but you are probably right.

Still... you DO see bigass candles on bigass volume when markets TURN.

Is that happening?  Million dollar (1btc?) question.

Not to be Debbie Downer, but do you remember in summer of 2014 when:

1. Price was held steady sideways @ $420/btc for nearly 2-1/2 months. Almost the whole summer. This felt like forever.

2. Price then pumped with bull flags to ~$650/btc. or so. Many said this was the sign that the downturn and sideways was over.

3. Price crashed again in 2015 to ~$200/btc. .... nearly 7 months later!

That's why I've never trusted this market. Once whales have control of the float, they can peg it wherever they want for whatever length of time they wish.

Just buy on a set schedule and fuggedaboutit. Like you would with gold or silver.


Yeah right....  Roll Eyes Roll Eyes      You don't give up with your market manipulation theories and your feelings of impending doom.  From a positive perspective, that is a sign of one sturdy and turdy shell-shocked bitcoin soldier.



18913  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 08:36:30 PM

also, masterluc says...blah blah


Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

 Huh

They believe in "long-term", not in short-term like you.

My long term prediction I made August 2017 simply based on doubling each year:
2018 2000
2019 4000
2020 8000
2021 16000
2022 32000
2023 64000
2024 128000
2025 256000

I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment.

I merited your earlier post, mostly because I appreciate an anti-sorcerer comment now and then, because sometimes it seems that guys are getting into too much sorcerer reliance.. and sometimes, want to be viewed as sorcerers, too.

Doubling every year is not a bad idea or framework, and if you are starting with $1,000 for 2017, $500 for 2016, and $250 for 2015 - even if you are  largely correct, you seem to be selectively and purposefully low-balling, especially when we have seen $20k for 2017... so you either seem to be purposefully skewing down your expectations or you are engaged in a state of unrealism.   Tongue

We are also NOT going to get linear BTC performance.. so even an average of 2x every years seems to just be a kind of stab in the dark that is not really based on anything except for a kind of dream about how the world should be rather than how it is, especially with a considerable likelihood that bitcoin is in a exponential curve which will not likely be held back by 2x (or linear) expectations.  Shocked

I believe masterluc predicted 20k down to around 9k before we were at 9k. I’d say that’s not a bad guess.


I would not assert that there are decent predictions and predictions tools and a large number of the persons who are better at predicting do so with probability assertions rather than certainty.. So, when the outcome of a prediction ends up happening, such prediction is in line with what the predictor had asserted to be most probable.  Frequently, there is too much credit given, and even suggestions that the predictor knew something about the future.. and they don't... they are just assigning probabilities.

Remember Vinny Lingham was correct on a few of his predictions, and many people (including himself, seemingly) were beginning to assign him sorcerer status, and then in March 2017, he was all over the media preaching BTC doom and gloom in the sub $1k price territories and even seeming to strongly suggest that peeps sell their bitcoins, don't buy bitcoins (and even perhaps short bitcoin) at those prices.  Some folks got reckt to the extent they overly relied on "designated" sorcerer Vinny in those days.

A Couple of days ago, I posted a link to one of his doom and gloom prognostications from March 17, 2017.  See below:


I was listening to the Adam Meister show today on the World Crypto network, and he referred back to his show from one year ago, on March 17, 2017, in  which Vinny Lingham came onto his show, unannounced and predicted that bitcoin was going to then hardfork and go down to below $500 or some other such nonsense.  I think that Vinny lost quite a bit of credibility from the strength of his conviction on that date, but the strength of his conviction did cause several bitcoin HODLers to sell and to fail to buy more bitcoin during what ended up being the 2017 low price of bitcoin at about $890-ish.

2 hour YouTube presentation of Adam Meister show from March 17, 2017 - with surprise guest Vinny Lingham who predicted BTC prices were going to crash to below $500 after hardfork

Even though it is a 2 hour video, it has a certain importance in bitcoin history, and shows that credible folks can make strong predictions and stir up disagreement that end up being wrong.
18914  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 05:06:24 PM
Speaking of capitulation, I'm CONSIDERING starting to contemplate selling a batch - if I can - between $7.5-$8k before end of March just to get the tax monkey off my back. Sent an email to my accountant asking what the penalty is on $xM deferred from Q1 to Q2.

Seriously.

Sheeeit.

No proud to admit this.

Also, I've come to recognize everyone doing trade analysis of Bitcoin is full of shit.
EVERYONE.

Last summer majormax said there would be no new ATH for another few years. Bitcoin hit a $20k ATH half a year later.

... the trend is now down, and there will not be a new all time high for a couple of years or more.

This is a repeat of early 2014, the patterns are easy to see. The variation now is that the alts have a larger share of total market capitalisation. Capital will flow back to BTC, but it will not reverse the trend overall.

2 year view, BTC will fall 65% from the peak, alts will fall 70-90%  (with many going to zero ultimately)

Today he's making the same prediction of a few years of bear market without another ATH. His trade analysis of Bitcoin is full of shit.

. ... and you are not ready to sell yet, but would be more ready at say $2500.

The key thing now (and it will prove impossible for most people) is to accept that whatever you hold will decline in $ price by another 75% (making 90% decline in total), and that will take place in a grinding downwards pattern, including long counter-trend rallies, spread over ~2 years.


Like you mentioned, many of the bear shills predict the same bullshit over and over and over again.  Sure, some days they are partially correct especially during periods of price correction - but they are largely wishing and spreading misinformation because a lot of opportunities would be missed if you followed their suggestion by either selling or buying less than you otherwise would during opportune price correction periods.

And Bob's statement about EVERYONE being wrong largely amounts to a whimpy-ass and emotional capitulation outburst. Sure some folks are more wrong than others, but one of the dynamics that is most predictable in bitcoin is price volatility in one direction or another and frequently overshooting expectations.  There remain ways to profit from volatility, even when the whole process of buying on the way down and selling on the way up can be painful, especially during periods of overshooting.
18915  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 04:43:18 PM
I have made money from the last bull run and withdrawn it into my bank to not care about this drop. One thing I am certain, I will buy back when the market is favorable. I have small orders already filled but big ones waiting at the very bottom. Dont be scared. Bitcoin from the very start is like this. We've seen worse. It will recover.

I closed off my short on the last terrific shake down to 7.3k. Too much profit to ignore.

Then I thought - before starting to nurse it again, why not go long?

So I have a long position now, from the past low. It's in profit right now, but I would like to wait a bit more before closing and reversing it.

So, I think this is the problem with margin trading. You begin cautiously - it's a hedge, you know - and before you know it, you turn into a gambler. A winning gambler for the time being, but that's the point: the change in attitude. Using margin trading properly and sticking to the plan - ot at least to the mindset - requires lots of discipline.

My hunch about quick-reversing and longing is still paying out, but if I manage to close this in profit, I'm going back to my safety short. Then let it go down to 2k. I won't care.

It seems that we are thinking about this in a similar way, but I think that if you can set your orders in such a way that it minimizes the gambling aspect, then you have yourself a system that you can follow for the long term.  But you are likely correct in your instinct that one bad trade could wipe out 10 profitable ones, perhaps.
18916  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 07:21:07 AM

also, masterluc says...blah blah


Why do people still listen to those who made crazy predictions in the past and were all wrong?
None of them predicted the pull back from 20K to 7-8K did they?

Masterluc, Cliff High, Tone Vays, McAfee.

 Huh

They believe in "long-term", not in short-term like you.

My long term prediction I made August 2017 simply based on doubling each year:
2018 2000
2019 4000
2020 8000
2021 16000
2022 32000
2023 64000
2024 128000
2025 256000

I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment.

I merited your earlier post, mostly because I appreciate an anti-sorcerer comment now and then, because sometimes it seems that guys are getting into too much sorcerer reliance.. and sometimes, want to be viewed as sorcerers, too.

Doubling every year is not a bad idea or framework, and if you are starting with $1,000 for 2017, $500 for 2016, and $250 for 2015 - even if you are  largely correct, you seem to be selectively and purposefully low-balling, especially when we have seen $20k for 2017... so you either seem to be purposefully skewing down your expectations or you are engaged in a state of unrealism.   Tongue

We are also NOT going to get linear BTC performance.. so even an average of 2x every years seems to just be a kind of stab in the dark that is not really based on anything except for a kind of dream about how the world should be rather than how it is, especially with a considerable likelihood that bitcoin is in a exponential curve which will not likely be held back by 2x (or linear) expectations.  Shocked
18917  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 06:48:23 AM
In case you guys haven’t figured this out, this happens every weekend. It just so happens we are currently in an extended downtrend. 


I had not noticed about whatever is supposedly happening every weekend.. but I did notice the "extended downtrend," if you mean that 3 months is an "extended downtrend."
18918  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2018, 06:45:34 AM
Bitcoin Dominance at 44% now. At this rate it could reach 50% before retesting the last bottom. The carnage on the alts is being brutal.

Shitcoiners need to face a hard lesson, so they learn that the true value of something isn't because "Well it's valuable because it went up." That's penny stock hopium bullshit.

"The flogging will continue until intelligence and sense returns."  Grin


That might take a while.. Seems that there still continues to be a lot of nonsense talk with those many paper tiger white papers.

I was thinking that there would be at least one more run up of alt coins and the various shit coins before a real correction comes.. but who knows?  Maybe we are experiencing the alt coin purge in this time around?
18919  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: March 19, 2018, 06:06:24 AM
Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car Smiley
I'm only a teenager. I could only scrounge up so much despite my 1000+ BTC loss. I have 95 BTC incubated so far.


Wow, after almost 8 years you are now a millionaire if you continue to hodl your bitcoin. This only shows that if you believe in you coin, just give it some time to appreciate because for sure it could make you a millionaire.

There are no guarantees, and past performance does not guarantee future results.

Nonetheless, if you still continue to study and attempt to understand bitcoin, you should be able to appreciate that bitcoin's fundamentals remain strong and bitcoin remains a good investment, especially if you have a longer time line and a strategy that considers BTC accumulation to be a good ongoing approach.
I think the past reflects the future. In 2011 people were almost unaware of bitcoin. And its value is only a few tens of $, but bitcoin has increased dramatically in recent years, assuming you are in 2016 do you think the bitcoin will be up $ 20000.

Actually people reading, participating in and influenced by this thread have entered into bitcoin at various price points between 2011 and now, and aspirations within OP and repeated thereafter have demonstrated that over time if people have engaged in a front end BTC accumulation style, the investment into bitcoin has tended to pay off quite handsomely in a fairly short period  of time and has been much better than other kinds of investments..... Even if you have screwed up various aspects of your BTC investment and you bought high, you still could have had really great profits, as long as you either just held on to bitcoin or continued to buy bitcoin with either dollar cost average investing or buying more BTC on dips.

Even though $20k was within some BTC price expectations, it was either sooner or higher than a large number of folks considered to be amongst the most bullish of expectations, even as late as mid-July 2017. I will admit for me, that BTC's price performance in late 2017 going up to $20k was about 4-5x higher than my most bullish expectations, and BTC fundamentals continue to be good and these kind of price corrections and attempts to push the price back downward are all part of price cycles, so maybe even if it takes several years to return to $20k there remain great BTC fundamentals that will likely bring BTC prices back up there.. maybe best case scenario is a few months, and not as good scenarios may take a few years for BTC prices to return to $20k... still not bad for people just entering into bitcoin now, but can cause a decent amount of patience for people who bought between $10k and $20k, and may have to employ strategies of waiting or even continuing to buy with considerations of the decent chances that BTC prices will continue to go up and BTC will likely continue to be a decent long term investment, comparing it to other asset classes.
18920  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: March 18, 2018, 09:43:47 AM
Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car Smiley
I'm only a teenager. I could only scrounge up so much despite my 1000+ BTC loss. I have 95 BTC incubated so far.


Wow, after almost 8 years you are now a millionaire if you continue to hodl your bitcoin. This only shows that if you believe in you coin, just give it some time to appreciate because for sure it could make you a millionaire.

There are no guarantees, and past performance does not guarantee future results.

Nonetheless, if you still continue to study and attempt to understand bitcoin, you should be able to appreciate that bitcoin's fundamentals remain strong and bitcoin remains a good investment, especially if you have a longer time line and a strategy that considers BTC accumulation to be a good ongoing approach.

So you can make short posts after all.

And you little dweeb have proven to be pretty capable of fucktardedness in your seemingly inept snot-nosed wannabe patronizing efforts?
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