 Push a little harder, we might see $8.65k. 3 weeks of shilling gone in the blink of a eye. Smh. You got some serious anger issues dude.  |
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{LegacyNationState,LegacyBank,LegacyOctagenarianTrader}{States,Predicts}{{Bans}}{Bitcoin,Crypto,PrivacyCurrencies,BlochchainTechnologies}{Illegal,TheFuture,ShouldBeRegulated,Tulips,ToTheMoon}{-Sources}
Bitcoiners: they just wanna BTFD
+1 WOsMerit Another old chart that I added a green trend line highlight too. Its getting real close to where I would be saying... #btfd  #dyor So my attempt at twitter humor failed? "They" seem to say the most ass-backward things on twitter and people eat it up with likes and retweets...so happy there is a much more discerning crowd here at the Wall.  I do not make a very good Bear.  |
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Can't we just all get along?
Impossibru.  *WARNING* Bearish flipflop in progress below. Use at your own discretion. Good morning all. I think we will see a minor move upwards this week after some volatility over the next 24 hours. By weeks end I think we are due for a medium sized retraction. Miners are in or near profit from what I understand and there doesnt seem to be a need really for the price to be driven higher. There are more profits to be made in shitcoins for now so sideways and down short to mid term imho.  I had thought the large flat in the cloud would act as a magnet as it usually does but there just doesnt seem to be enough support at this time for a rally upwards of that magnitude.  Mid term time we have entered a flat pennant so a break in either direction is possible. Again..support seems to have capped in this range so that leads me to believe we will test resistance at lower levels.  I seem to be wrong more often than not lately so take what I am saying for what it is...speculation.  #dyor #btfd  |
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Hello again. Looking at a nice rising wedge to take us into the work week. By mid-week it appears price will head towards and test resistance above. Volatility looks to still be in play as we close out the work week Friday. #dyor  |
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I'm one sMerit away from full membership here. Please no one give it to me. It's too much pressure.
jojo beat me to it. Tough shit, it's time for you to start wearing the pants.
+1 WOsMerit ---------------------------- Bitcoin Good morning. What time frame are you guys most interested in? I feel like I am spamming when I post more than one chart at a time. 30m Solid clean out of stops to keep everyone on their toes and to remember its best not to invest more than you are willing to lose.  4h Looking for a break upwards towards $10k still...resistance is strong however at $9.8k  D I think unless we break above the cloud cover this little Bull run we have been having will stall and remain relatively flat until summer passes.  M Where are we going to be in 20 years? I most likely will have passed on to the next realm but many of you will be approaching retirement age. Do you have a plan?  #dyor #btfd #cryptouplift |
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About that second chart, don't you think that there could be one or two bigger rebounds before hitting the 10,5-11? I've seen a lot of people in TradeView saying that some big players could benefit from a dump to 8k to recharge their wallets and pump straight up to 14k.
I mean, today's correction was expected by most members I've managed to read through here in the forum (not the prices exactly, but several dudes were feeling uneasy about the ultra bullish uptrend that followed after the 8k break), wouldn't a similar feeling hit the market if we did manage to break 10k in a rush?
Just changing the perspective tells a subtly different story no? I thought we would be closer to $10k by now and to have already tested resistance there. Since that is not the case what I have indicated on this chart might take longer to play out. Please keep in mind I did this regression over a week ago, so while it seems to be aging fairly well, things are dynamic. I think there is a extremely small chance that we would not stop in a few well defined resistance zones once $10k is breached and turns towards support. #dyor  |
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On the 1h we look to be entering a consolidation zone. I had thought this rise would coincide with the weekend but Bulls appear to be ready to test resistance at $9.3k.  As we step back and look at the 4h chart, testing $10k this weekend looks like a possibility. #dyor  @infofront Thanks man..the sarcasm aside, I am quite honored actually. |
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The next 24 hours are absolutely critical.
I almost want to merit you for being "that guy", but you have too many fucking smerit as it is. +1 WO merit The WOppening...could it be true?  |
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Good morning Observer's. Bitcoin continues to consolidate at $8.8k as indicators relax and the weekend(oh shit, the banks are closed now) approaches. The Twitterati hive mind indicates some of the MtGox coins are heading towards a BitMex address but I have not seen evidence as of yet. In my humble opinion, the sooner these coins are out in general circulation the better.  I expect the price to remain in a relatively narrow channel over the next 24 hours before more substantial price action this weekend. #dyor  |
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More skewed results. I altered the Schiff fork some and I am looking at $8.45k for a possible support level if we continue downward. I still believe we are due for a sharp corrective move above $10k but it might be on next weeks candle.  On the daily its not looking that great as well. I think its a trap...but...uncertain. Support is still below at $7.5k and $7k. Kind of have the feeling a lot might get burnt over the next few days. #Hodl  @jbreher I apologize if it seemed I was talking down to you. Its hard to be a Magician if you show everyone all your tricks. I think I do a pretty good job of telling you how my thoughts flow and where I am getting the frame work for my prognostication's. April 15th is tax deadline day in the USA(it fell on the 17th this year I am aware) and it seemed to be a good point to insert some bias to the trend line. You seem to be intelligent and I thought you would deduce that fact without coming out and saying it. Wrong again, and you know what? I am perfectly fine coming out and admitting that. #dyor |
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I guess I don't get it.
Sadly..your probably right. Give it a whirl..its never to late imho. In probability theory and statistics, skewness is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean. The skewness value can be positive or negative, or undefined. https://en.wikipedia.org/wiki/Skewness------------- Bitcoin The price has recovered above Vegeta levels and seems to be doing just fine. Carry on.  For all you geeks out there who can grok..this looks like it was a outlier and now we are seeking to reestablish the trend line upwards.  #dyor #btfd |
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What's with that inflection point on the 15th?
You mean where I have a divergence from the implied trend line? Or the "bart" formation itself? If you are referring to the skew, its just trying to take into account the massive buy that happened earlier. |
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blah blah blah I'm normally a huge TERA fan but since I'm long it's time to bash TERA and call him a short and post charts showing a new ATH in June and $1 million by 2020.
No I'm not short on altcoins but I wasn't holding any either. And I think it's incorrect to say that past chart patterns are irrelevant. I actually used a chart from 2010 to get in on a rally in 2013.
I tried and actually think I have succeeded in engaging with you and welcoming your thoughts back into the community. But as usual in my experience, when someone is promoting an agenda or not being truthful...mistakes are made. This was when your merit count was low and everyone was convinced that you were not TERA of old..but a hack. I am not 100% convinced you are that person, but it really is irrelevant as to who and what you are. If you bring quality content that has insight and entertainment value..I am all for it. If your going to bitch and complain when things dont go as you predict or hope. Not so much sympathy here anymore. From where are you getting the figure 300 million? Are you anticipating a 10x increase in users in the near future, because currently, it seems that the user base is perhaps around 30million, at best.
Define "near future"? I was extrapolating this data to include the next halving. So I think within the next 18 months we will feel the impact more acutely. I got it off one of my twitter feeds I am sad to say..and tbh I cant find it atm. I am pretty sure I liked the article..so I probably just need to dig a bit deeper to find it. Processing. Well, I was pretty much asking you about what you meant by 300 million... because we seem to be a long fucking way from 300 million. I kind of anticipate that the price is going to rise a lot faster than the adoption.... so perhaps we may only need a doubling in the user base in order to get a 10x increase in the price. In my thinking a 10x increase in the adoption rate would probably be 100x or more in the price... Isn't that approximately where metacalfe's law takes us...? You seemed to have been implying that 300 million was a present number, and your clarification of 18 months seems a bit too soon; however, possibly in a few more years, we may reach 300 million... perhaps 2022? Yes, I am guessing, but my guessing seems to be more conservative than yours, no? I cant find that..and digging through twitter likes feels like a personal hell this morning. If I implied or if it was misconstrued I apologize. It is a big guessing game. There are quite a few Information Rules that might be applicable imho. You are correct with your estimations to a certain extent. If you want to read more on this at a very high level you could try here. There is good data being gathered Jay..but its so thin and the market so relatively new that there is a wide range for error. We present an approximate analytical solution for the connectivity of a network model with a “non-simultaneous” linking scheme. This model exhibits node-space correlations in the link distribution, anomalous fluctuations in the time series of the connectivity variable, and a finite-size effect: the maximum number of links occurs away from the critical value of the system parameter. We derive an exact Master Equation for this model in the form of an infinitesimal time-evolution operator. Fluctuations are much more important than the mean-field approximation predicts, which we attribute to the hetero-geneity in the model. Finally, we give a sketch of possible real world applications where the value of a network is related to the number of links. https://ac.els-cdn.com/S0960077918300249/1-s2.0-S0960077918300249-main.pdf?_tid=d524569b-2ae8-49e3-aebb-062776a18808&acdnat=1524664980_6000bcfc5067e80c3e77c59d951ccf08------------------ Bitcoin Possible hotdog pattern spotted on the chart. #btfd  *edit* forgot to drop in the real chart..sorry.  There will be a retrace involved here..just have to see how high we rebound. Looks to me like someone was exiting Coinbase..$175 discrepancy as of now...interesting. |
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You too? Of all people? You can all F off with calling me a pumper. I'm just genuinely pissed at the alts right now. If I say something is too high then that is the opposite of pumping. If I mention how high something has risen, that means it then supposed to go down. You have it backwards. You are participating in irrationalism by thinking that is something goes up then it needs to go up more. There is nothing massively bullish right now - it's just the mid term pump and it's already at least 50% over. So you might get a peak of 13000, whoop de doo.
So..you were short? Thats all I am getting here. None of what your saying makes ANY sense. Why would you be upset at what markets do...and that is price discovery. You know..that for every buyer there is a seller thing? Also..I am here to put the previous year thing to bed..where it should be. For one..past performance is not indicative of future results. That is economics and trading 101..you should be highly familiar with that concept by now. So I make a "mark" on the chart at a lower level and then drag that mark up higher in the chart..at least at TradeView, it is automatically rendered and corrected as you do so.  now I move that mark upwards. Same mark.  Magic right? No...mathematics. Long story short..all that data below us is flat as a pancake when compared to current data sets. Get over the visual representation on the chart and look at the actual numbers and math involved. ---------------- Bitcoin Stepping back some and looking at the daily scale. In the time I ate and drafted this up we have dropped back downwards to around $9.2k for a nice healthy correction. Looks like that volatility I was expecting arrived.  Buy the dips and do your own research. From where are you getting the figure 300 million? Are you anticipating a 10x increase in users in the near future, because currently, it seems that the user base is perhaps around 30million, at best.
Define "near future"? I was extrapolating this data to include the next halving. So I think within the next 18 months we will feel the impact more acutely. I got it off one of my twitter feeds I am sad to say..and tbh I cant find it atm. I am pretty sure I liked the article..so I probably just need to dig a bit deeper to find it. Processing. |
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Awesome guys...your back and in fine form. +10 WOsMerit airdrop! This is is prep for the upcoming $10k meme fest that is brewing. #dyor Ok..we have 3 semi-finalist the Rocket gif...just can hardly take my eyes off that. Nice. The Lambo ...same thing..looks like a lot of fun but man..those things are hard to get in and out of..ahem..for some of us old farts. the BFR...well..just because its a Big Freakin Rocket..lol. Keenly following the die build up happening in LA. ----------------- Bitcoin Solidly approaching mid-channel on this lower track. Looks good. I expect this to continue past 10k..the magnet is sitting at 11.8k or something last time I looked. This does not mean we might go straight there...bounces, accumulation and consolidation still will happen. Never be afraid to lock in profit.   |
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More guidance framework being realized at the State level. Bullish imo. The House Rules Committee voted to approve the measure on Monday, ending what appeared to be a freeze on the bill after the House Ways and Means Committee gave its approval early last month. It now proceeds to the full House for a vote.
If finalized and approved, the bill would empower the Arizona Department of Revenue to collect taxes in the form of cryptocurrency - and make the state the first in the U.S. to officially accept a cryptocurrency as payment. https://www.coindesk.com/arizonas-crypto-tax-payments-bill-clears-hurdle/---------------- So, we are approaching 10k... where are the rockets, trains, that kind of stuff?
+1 WOsMerit Maybe it's just me though.
+1 WOsMerit Nope..not just you. the hodltrain
+1 WOsMerit  Come on..shill your best rocket pic..you know you want to. --------------- Ffs jbreher.. Meh. It's just that we have been over this so many times already.
The problem with your statement is that this gives you no justification for claiming your preferred implementation is The Real Bitcoin. Even if it were true. For there is no objective way of measuring 'the majority of end users'.
There are only two non-Sybil-able sets in the Bitcoin ecosystem. Miners, and economic power. These are measurable. The others -- including some count of end-users -- are not.
And really? Number of end users? One person who uses/has used Bitcoin, one vote? Regardless of current holding quantity? And circular Bitcoin definition? I expect better of you, Torque.
Been over this many times...check..Bch lost. Miners...check..Bch lost. Economic power...check..Bch lost. Game, set, match...derp...now kindly go take a seat...quietly. |
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As often the case with Bitcoin I'm surprised how it moves more rapidly then I would expect. This is true in both directions but I always expect it to take longer upwards then it does. My very short term view is price confirming above previous resistance, this is working its way through orders overhanging from the decline. The Tide returning picking up the old bands of seaweed on the shore, not quite sure of that analogy but theres memory in the price is what we are encountering here. I do rate this positively, I expect some pullback from 9277 but its just stepped over it  Everyone has been dancing around it..but its there like the proverbial elephant in the room. Orders of magnitude...you can say it..you can touch all day everyday and still not grasp its scope. I think its just a fundamental reality of being human. We haven't had the shock wave of the first one subside yet and we are well on our way into the second imho. 300 million looking to share 17 million or so coins..btfd is my advice. You guys are just blinkered old farts.
Finally...respect. ----------- Random thoughts. I dont know what you all are reading today but here are a couple topics I am reviewing. I am posting these because I believe strongly in the benefits of inter-disciplinary studies. This first article deals with how you look at things and I thought it related quite well to the discussion about BTC and(I'll take the high road here, sigh) BCH. Quite a bit more in there but I liked this particular nugget. “something like a paradigm is prerequisite to perception itself. What a man sees depends both upon what he looks at and also upon what his previous visual-conceptual experience has taught him to see. In the absence of such training there can only be, in William James’s phrase, ‘a bloomin’ buzzin’ confusion.’” https://blogs.scientificamerican.com/observations/should-quantum-anomalies-make-us-rethink-reality/#The second article is about Hamilton's law and evolutionary processes. I thought it related to how the crypto space is evolving as a whole and the benefits of altruistic behaviors. Its a little more difficult to find causality here but what piqued my interest was the ability to recognize that your "picture" might not be complete with the formula you are currently using and by expanding upon it in unconventional ways can bring about unexpected breakthroughs. https://www.quantamagazine.org/the-elusive-calculus-of-insects-altruism-and-kin-selection-20180410/------------ Bitcoin Support building at $9.38k. The force is strong in this one. People will look back at this time in the future and say "Look there..that is what a Bull market looks like starting out".  #dyor |
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