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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 25, 2018, 07:24:18 PM
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Why are you prepared to risk your manuro coins on these contraptions but not your proper bitcoins?
I own a Ledger Nano S and use it with BTC and Monero. And have a Trezor One and keep some BTC on it. I meant a Trezor Model T in my earlier post... I think these contraptions offer a nice gobetween for cold storage and a usable wallet. Maybe that's how I should look at them, shame the Trezor possibility is just for the 'next one'. Maybe I'll actually open up one of the Nano S boxes  I haven't bothered putty my XMR on the Nano S. The process seems too cumbersome. Maybe I'll look into the Model T. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 25, 2018, 02:31:22 AM
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And R.I.P. Linux, which is now designed specifically to cater to neo-Marxists: https://www.zdnet.com/article/linux-adds-a-code-of-conduct-for-programmers/"In the interest of fostering an open and welcoming environment, we as contributors and maintainers pledge to making participation in our project and our community a harassment-free experience for everyone, regardless of age, body size, disability, ethnicity, sex characteristics, gender identity and expression, level of experience, education, socio-economic status, nationality, personal appearance, race, religion, or sexual identity and orientation."Time for each distro to include emojis of 300 pound hairy dudes that you are not allowed to call dudes because it's a hate crime when they prefer to be called female. Linux has other problems. I'm not sure if it can be held together without a benevolent dictator. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 24, 2018, 02:40:36 AM
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that's too bad. i've been waiting for that guy to turn bearish for a while. permabulls gonna permabull, i guess.  at least novogratz brought his forecast back down to reality. when all the bulls finally become bears (or at least stop calling for new ATH) then we can finally go up. It is NOT a condition precedent for BTC prices to return to UP that "all the bulls finally become bears."  Get a grip, figass!!!  not required, fine. but i'll tell ya, i'd feel a lot better if everyone were bearish. that would at least imply a lot of sellers/shorters in our midst, waiting to be squeezed. instead i keep hearing about how "bakkt is gonna cause the next bull run"....... I keep hearing about how Bakkt will be a fractional reserve. LOL! (just like I heard tether was a fractional reserve and bitfinex was a fractional reserve circa 2015 and how China "controlled" the price circa 2014 and how the willy bot made us go to $1160 circa 2013 and a hundred other nonsensical unverifiable BS by people scared of their own shadow and living in their parents basements). The market will go up with demand outstrips supply. Selling has dried up. Maybe it starts again but its rather historically unprecedented. There are plenty of bears out there. Just look at shorts near ATHs. As long as more and more people are making wild excuses about why things like Bakkt will be bad instead of good, Id say we are getting ready for a bull run. Even if we flatline for 6 more months first. Agreed. Tom Lee may be bullish, but he's just about the only one who is. There's the old store about Joe Kennedy knowing it was time to sell when the shoeshine boy starts giving stock tips. The opposite is true too. Everyone and their shoeshine boy is bearish and expecting $3,000. Bullish. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 23, 2018, 02:22:00 AM
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Looking at 2014/15 bear market & comparing market phases (Price/RSI) Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout If BTC follows the same trend, I think the next major move will be  came across this one ..... another BULLISH TA #whenBULLISh = good for me  I will concede that overall the comparison is bullish; however, I would also speculate that the UP trend period would NOT necessarily be as DRUG out as it was between late 2015 and late 2017 - just because some of the dynamics in the whole crypto space have changed... I am NOT saying anything new here because I think that others have suggested that another UP that might be coming in the near future (perhaps imminent) would have decent chances of taking place in a more collapsed time frame. By the way, we also know that some folks like to make their BTC price predictions around our upcoming 2020 halvening, and I don't necessarily disagree with the placement of a decent amount of weight and significance necessarily to the dynamics that come about because of the perception of decreased BTC supply and the actuality of decreased supply... yet if sophisticated money is already going to largely know about the algorithm of the BTC halvening - even though they also may attempt to play the BTC market, at the same time to attempt to manipulate down as much as they can, while they can. In the end, part of the point that I am attempting to make here is that upcoming BTC price movements do not have to either pattern upon previous halvenings, and really BTC price dynamics (including some kind of additional exponential price growth period) could just run rough shod over the whole halvening creating a timeline and price performance pattern that does not resemble previous patterns (aka "fractals" as we have also seen them to be called... hahahahahaha). The 2013 "Double Pump" scenario is a possibility for sure. The second bull market would be short and violent, like late 2013. It would then be followed by the mother of all bear markets - til 2021? 2022? As an aside, I think future halvenings will be non-events. The annual inflation rate is now below 4%. |
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