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4081  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 12, 2019, 10:23:35 PM
Buckle up.

$100k in May/2020 is confirmed.
https://www.tradingview.com/chart/BLX/sia9pOig-Bitcoin-Buckle-Up/

Quote
I am expecting Bitcoin to break all-time highs for the first time in advance of the Halving. The Stock to flow model which I discussed last week, which i have illustrated on the chart and i recommend that you review (see @100trillionUSD on twitter ) implies that Bitcoin will be worth around $100k from May 2020. It has been the best valuation model for Bitcoin to date.
$100k in May 2020 ? After the Halving it could be but not before  Grin

filbfilb doesn't agree.  Grin

filbfilb "Q4 2019 and Q1 2020 will blow your mind"

Nope..mind blown since 2013. I hope that he means in a good way, though.
4082  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 10, 2019, 11:13:02 PM
In early 2017 NOBODY expected almost 20K price by the end of the year...then it happened.
Now, everybody expects 50-400K...soonish.
Multiple people draw various graphs showing how it is 'inevitable' in 2021-2022. Plans are being drawn about what to do "when rich" in incredible detail.
Since the majority now believes in it, power law and S2F non-withstanding, I am starting to consider that it might not happen, or at least maybe not until 2024-2025. We shall see.
4083  Economy / Computer hardware / Re: [WTS] Two S9 w/PSU and additional PSU for sale on: September 10, 2019, 10:47:53 PM
Price reduced, availability edited.
4084  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2019, 08:12:04 PM
one day alt season,
gentlemen prefer bitcoin
shaken, not stirred
4085  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2019, 05:26:57 PM
to re-iterate two recent analysis of bitcoin statistics:

S/F by planB

https://twitter.com/100trillionUSD/status/1170701620751065095   #this is latest reiteration, see medium article for the original.

Power law by Harold Cristopher Burger:

https://medium.com/@hcburger1/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

TL;DR S/F predicts at least 55K at the halving with about 55-300K band; Power law predicts a maximum of about 120K by the end of 2021 and as low as 15k in the ensuing correction by the beginning of 2023. S/F is a bit more optimistic (no reason for the price to dip to 15K).
4086  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2019, 03:43:53 AM
How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

Quote
I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol.

By golly, sometimes you almost sound like you wrote it (or was involved at an early stage)...since everything afterwards was "crap".
If you did-much respect. Respect even if you did not and just being a bit cranky about later comers like PW re-writing/modifying a "perfect" code.
Does "perfect" code even exist?
4087  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2019, 12:16:43 AM
Golden cross on the weekly, as the 30 week (green) crosses the 100 week (orange) from below.  In 2015, this golden cross occurred during a period of extended consolidation.  In 2019, this cross occurs during a period of extended consolidation...


In 2015 30wk over 100wk in October, immediate rally from the relative flat into halving in June 2016

In 2019 30wk over 100wk in September...immediate rally from consolidation into halving in May 2020?
Duration would match...predicted price (by the end of may)...(805/320)X10550=$26540 (a bit too high?)
Anon predicted 29K in Feb and 56K in July (no graph)...I might believe it IF we hit 16K in October.
4088  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 11:45:45 PM
I was also a little bit distracted. Because some of the users received a merit today and i had to add them and edit again.

Sure.
How about a nice chart (we all like charts)?
We need to one-up that planB fella and HM's fractal is lagging, albeit it would match at some point if we would be in the range for a while.
4089  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 11:37:31 PM
Oh, man i was sure i added you to the list, cuz i know i browsed through your profile when edited. I probably forgot to save. Sorry, i browsed through almost 200 profiles.
I updated.  Cheesy

Thanks, I was starting to ponder my own existence  Cool
4090  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 11:26:51 PM
WO September Statistics (Merits Received/Sent)

micgoossens received 45 sent 45
fillippone received 31 sent 12
SuperTA received 28 sent 27
makrospex received 27  sent 18
JayJuanGee  received 25  sent 39
LFC_Bitcoin received 21  sent 25

vroom received  19 sent 3
Globb0 received 18 sent 40
Icygreen received 18 sent 4
Toxic2040 received 18 sent 0
d_eddie received 17 sent 8
Last of the V8s received 17  sent 6
mindrust received 16  sent 20
xhomerx10  15 sent 4
VB1001 received 15 sent 13
Dabs received  14 sent 96  
Wilhelm received 14 sent 20
jojo69 received 14 sent 4

HairyMaclairy received 9  sent 11
Arriemoller received 9  sent 1
BobLawblaw received 9  sent 0
lightfoot received 6 sent 0
heslo received 6  sent 1

Raja_MBZ received 5  sent 4
Elwar received 5 sent 0
Lambie Slayer received 5  sent 0
Krubster received 5  sent 0
arewethereyet? received 5  sent 0

Torque received 4  sent 5
JimboToronto received 4 sent 4
nutildah received 4  sent 3
Negotiation received 4  sent 2
psycodad received 4  sent 1
Totscha received 4  sent 1
Dunkelheit667 received 3  sent 5
JSRAW received 3 sent 4
DaRude received 3 sent 2
Findingnemo received 3  sent 0
tranthidung received 3  sent 0
becoin received 3  sent 0

sirazimuth received 2  sent 5
jbreher received 2  sent 5
bitcoinPsycho received 2  sent 4
gentlemand 2  sent 4
DaRude received 2  sent 3
Ibian received 2 sent 1
Kylapoiss received  2 sent 1
Saint-loup received 2  sent 1
Pamoldar received 2  sent 0
nikauforest received 2  sent 0
GreatArkansas received 2  sent 0
STT received 2  sent 0
akhjob received  2 sent 0

vapourminer received 1 sent 9
cAPSLOCK received 1  sent 6
Ludwig Von received 1  sent 2
serveria.com received 1  sent 6
kingcolex received 1  sent 5
Wekkel received 1  sent 1
Majormax received 1 sent 1
smartcomet received 1  sent 1
hodl_2015 received 1  sent 0
Lucius received 1 sent 0
bitserve received 1 sent 0
Lauda received 1  sent 0
realr0ach received 1 sent 0
_javi_  received 1  sent 0
somac. received 1 sent 0


infofront 0  sent 4
P_Shep received 0  sent 3
bkbirge received 0  sent 2
ivomm received 0 sent 1
Cryptotourist received 0  sent 1
Phil_S received 0  sent 1
Hueristic received 0 sent 1
Bossian received 0  sent 1
hugeblack received 0  sent 1
btcbeliever received 0 sent 1
rs1x received 0  sent 1


Ok, now the list is updated. Here are all WO users (68 users) who posted at least 1x in WO this month. I didn't count users who didn't send or receive any merit in WO (September). I also included some users of the WO merit senders that i could find for this month, even if they didn't have any post here.

I give up...either you put me on ignore (fair enough) OR I am the ghost at your IP address.
Interesting...and somewhat bewildering.
A ghost in WO machine?
4091  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 10:44:58 PM
edit: done  Wink

Nope, but that's OK, we all know that Dabs is the champ as of now and mic is a balanced second.

Unrelated: watch out for Glupteba...
https://www.forbes.com/sites/billybambrough/2019/09/07/serious-malware-warning-over-bitcoin-blockchain

Check out the third party ponderings of planB thesis:

https://twitter.com/100trillionUSD/status/1170319555807391745
4092  Bitcoin / Hardware / Re: Bitmain to release S17E 64TH on: September 07, 2019, 10:36:41 PM
They are trying to pre-empt M20S.
Hopefully, this would mean lower prices.

I looked at the numbers and there is NO way for any of these miners to return more btc than you spent in the first 12 mo, maybe even 18 mo IF your cost is 9-11c/kwh.
They have to be robust enough to work for at least 24 mo, maybe more for you to break even in btc.
Of course, depending on bitcoin $$ price (if it would rise), you MIGHT get $$ profits sooner.
4093  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 09:11:17 PM
WO September Statistics (Merits Received/Sent)

micgoossens received 45 sent 45
fillippone received 31 sent 12
SuperTA received 28 sent 27
makrospex received 27  sent 18
JayJuanGee  received 25  sent 39
LFC_Bitcoin received 21  sent 25

vroom received  19 sent 3
Globb0 received 18 sent 40
Icygreen received 18 sent 4
Toxic2040 received 18 sent 0
d_eddie received 17 sent 8
Last of the V8s received 17  sent 6
mindrust received 16  sent 20
xhomerx10  15 sent 4
VB1001 received 15 sent 13
Dabs received  14 sent 96  
Wilhelm received 14 sent 20
jojo69 received 14 sent 4

HairyMaclairy received 9  sent 11
BobLawblaw received 9  sent 0
lightfoot received 6 sent 0

Raja_MBZ received 5  sent 4
Elwar received 5 sent 0
Lambie Slayer received 5  sent 0
arewethereyet? received 5  sent 0

Torque received 4  sent 5
JimboToronto received 4 sent 4
nutildah received 4  sent 3
Totscha received 4  sent 1

Dunkelheit667 received 3  sent 5
JSRAW received 3 sent 4
Findingnemo received 3  sent 0
tranthidung received 3  sent 0

sirazimuth received 2  sent 5
jbreher received 2  sent 5
bitcoinPsycho received 2  sent 4
Ibian received 2 sent 1
Saint-loup received 2  sent 1
Pamoldar received 2  sent 0
akhjob received  2 sent 0
cAPSLOCK received 1  sent 6

bkbirge received 0  sent 2
ivomm received 0 sent 1
Cryptotourist received 0  sent 1
Hueristic received 0 sent 1
Bossian received 0  sent 1
hugeblack received 0  sent 1
btcbeliever received 0 sent 1
rs1x received 0  sent 1





Sowwy, but this record is incomplete  Grin
4094  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 05:04:57 PM
Humor from reddit:

https://www.reddit.com/r/Bitcoin/comments/d0seuh/gift_to_wife/

Will this mark the end of alt winter? Naaaah.
4095  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 04:46:31 PM
There's a lot of evidence that Segwit is the alteration. Read the docs, the white paper
The same evidence that CSW is satoshi?

WTF are you on about? How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

Quote
I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

...and why that protocol could not be changed?
4096  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 07, 2019, 04:27:53 PM


Btc/Usd

For the short term i'm watching the yellow EMA line, which currently acts as a support on the 4h chart. The 4h candle closed above it. Currently the yellow line is around 10.270 Usd. If it stays above it will be bullish. If not we will find other support.


You sound undeniably correct.

BTC's price is going to go down until it stops going down, and if it does not stop going down where it should stop, then BTC's price is going to go down more.

I have learned a lot about bitcoin and about myself from such observations.    Wink  The chart helps to make that point, too.. Comes off as more professional.  Wink

I don't know about you but i buy on the support bounce. So i bought some back. If it reaches my target between 10.800 and 11.000 i sold 3 times already there. Yes it goes up and down but i tell where is the support (buy) and where resistance (sell). If it goes bellow support it means sell. (well i trade only 20% of my holdings, i never sell all.) Trader has to be prepared for both ways.

...This time, around, I don't really care, and I am fine with just continuing to follow my system that only sells small amounts on the way up and also buys back on the way down in intervals that are reasonable for me, and the tweaking this time around is to spread the intervals even more than they had been the first time around, but otherwise I am largely keeping with my system because I like it..

So, yeah a week or two ago, in our run up to a bit above $11k, I made several sales on the way up, and bought back at various points between about $10k and $9,400, and in this last run up to nearly $11k, I had a few BTC sell orders trigger, so the more that triggered, the higher my buy back points are.  I have sell orders on different exchanges so some of them triggered and some of them did not, but so far in this particular most recent correction, from today, NONE of my BTC buy back orders have triggered yet, and most of them are set for a little bit below $10k.  

In my earlier days, I would have had both my BTC buy orders and my BTC sell orders more tightly structured; however, these days I am more happy with larger intervals and my goal and recent practice has been to increase and increase and increase the integers in which such orders are triggered.

Another way of conceptualizing my strategy towards my BTC holdings has been to attempt to create my BTC buy/sell orders in such a way that I am largely NOT too much attached to price direction.. neither psychologically nor financially.  

Of course, I profit more from upwards BTC price movements, but it is also in my thinking that inevitably in the longer term BTC's price is much more likely to go up than it is to go down, but in the meantime, I am profiting from volatility in such a way that it causes me to become less and less concerned about BTC's price going down.  

Also, I have a plan that is projected into the future of starting to liquidate 1% of the value of my BTC stash per quarter, so long as the BTC price is not below $5k, and I am thinking that I will start to employ that particular plan in a few years, and I think that there are real decent chances that the BTC price is not going to go below $5k in the coming years or to interfere with my tentative liquidation plan, and if BTC's price does go below $5k, then I will just plan to hold off on cashing out my 1% during any such quarters that the BTC price does go below $5k, if such periods of low BTC price performance were to come, once I start my liquidation plan.

The strategy of constantly selling and buying has one weakness: it produces LOTS of tax obligations during periods of fast btc growth.
Theoretically, if someone was selling extensively, then re-buying in 2017, then watching btc declining to 3k while having serious tax obligations resulting in a need to a selling of the additional chunk at a suboptimal (low) price.
Of course, this would not be the case when ample cash is available to pay the tax.
In other words, in high taxing environment, this strategy might backfire.

On the other hand, trying to sell at the top could be a difficult undertaking as well. The local top is currently projected (by various authors) to be anywhere between 30K and 400K. Tough choice.
HM here favors 180K (don't know where the number came from, maybe just personal preference).
My current feel is to allocate certain % for a sale, then sell once a personal preference is set in 1/10 fractions of the final number of btc sells. I intend to sell only up to 20% of my btc at the next ATH, knowing fully well that the rest would probably correct to 20% of the value. Why? Because I don't want to lose my position due to unforeseen price trajectory changes (like a double peak of 2013)..
4097  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2019, 01:33:44 AM
1. Wow, that Hamilton vs Satoshi rap battle is pretty good...

2. On rotten banana and TNF...TNF is interesting/weird, but, unfortunately not a panacea.
One anecdote: Doctors had noted at some point that patients with very serious bacterial infections were paradoxically cured of tumors/cancers that they had. Hence, the investigation that resulted in TNF discovery.
Unfortunately, this cannot be put into practice for an obvious reason.
That said, nobody ever got poisoned by slightly rotten bananas, although super brown are just gross.

Gold got smashed today, but bitcoin was not...interesting...it is really an uncorrelated asset.
Maybe planB is right and bitcoin is controlled mainly by the underlying math in the form of the S/F.
I am a believer (for now).
4098  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 05, 2019, 03:45:15 AM
It is more than just Lithium. According to the CEO of Sandfire Resources , we will need 12 times our current copper usage. The list goes on into other materials such as rare earths.

Don't get me wrong , I am for the green energy movement.
If it requires 12 times the materials we currently use then it's not "green", WHATEVER people think that means, it's just wasteful.

And just because I know people keep forgetting, co2 is not a pollutant.

you keep saying it, but this particular meme had absolutely NO meaning whatsoever:

1. Your cells 'exhaust' CO2, hence the exhalation process. Exhaust is exhaust, no doubt about the meaning of it.
2. Yes, there were periods on earth with MUCH higher levels of CO2. We did not live on the planet back then, so we don't know if it was cozy or not.
3. Human brain can tolerate only certain level of CO2 before you would be losing large IQ capacity. These levels are not too much higher than current (maybe about a double).
4. Plants LOVE CO2. Yes, for them it is something similar to food. We are not plants.
5. Last, but not least, try converting a small amount of dry ice in a limited space into gaseous form (CO2).
Breathe it in, but first sit down before doing this because the result is unmistakable.
It is like a hammer to the brain. In fact, don't do this, really.
4099  Economy / Computer hardware / Re: [WTS] Two S9 setups w/PSU for sale on: September 03, 2019, 10:57:01 PM
bumperino
4100  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 02, 2019, 10:15:31 PM
@Biodom
Give me some of that sweet, sweet HOPIUM  Cool

that was not enough?  Grin

in a fight between nice nippie pics and btc price projections, btc price wins for me, but I do appreciate the former.
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