Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fonsie]

Those seem some decent numbers given the small market cap of Bitcoin. So basically you've got nothing real to back your previous statement.

In their official report to the SEC it says clearly that in Q3 2014 they were no longer taking bitcoins; all their "bitcoin" sales were converted into cash by the payment processor.  What more proof would you want?

In their official report to the SEC it says clearly that in Q3 2014 that:

We have also begun to hold bitcoin and other cryptocurrency directly

How many words and sentences do you need to twist to make your point?


You must be real good with kids, aren't you? Do they all just run away or do they start crying?

[1714884627]

1714884627

[1714884627]

1714884627

[1714884627]

1714884627

[1714884627]

1714884627

[Fatman3001]

BAhahahahaha
oh this thread, always good for a lol.

Oh, Mighty Lord of the Underworld!

Are you here to shut us down?

[Norway]

@ Jorge!

I'm in a good mood now, and I am rethinking my views about you. I tend to switch you on/off ignore on a regular basis. Last time I turned you off ignore, was because you provided a link to a bitcointalk thread regarding the process of selling bitcoin on GBTC at reddit.

You certainly scan the forums and look for details. And you can certainly not do this while teaching students / work on a funded science project at the same time.

I now have 2 theories for your motivation:


1. (My old theory) You work at the troll factory. Goldman Sachs or somebody else pay you via a middle man to troll bitcoin forums.

2. You are actually a heavy invested hodler. But because of life experience (not academic experience), you look constantly for the reason for your investments to go to hell. You play your own devils advocate. Bitcoin going to the moon is just too good to be true, right? I respect 100% that you don't talk about your holdings. Being your own bank, means bank security in your home. And it's hard to achive today.



The rest of you: Is it theory 1 or 2? (Or your own)

[Norway]

By the way, don't expect any major move before the 7th-11th May, we are gonna stay in the $210-$225 area until then.
THEN the big move either up or down.

Everything seems to paint a scary bearish picture so yeah, the real start of the next crash is a lot more probable than a breakout.

Why those dates? (Don't tell me because lines on a history chart).

I already timed the BTC markets in the past, nothing fancy or complicated to do. Others have done it too several times.
The BTC markets can be more predictable than most people think.


The start of the crash to $150:

I gave you guys a no-brainer trade setup and told you when the big move was gonna come.
I told you to buy the breakout if we break the big triangle up, short if we break the triangle down.


Timing the BTC markets is easy as fuck  

Next big move should come in a few days (4-6 max)
Wait for volume to confirm a breakout/breakdown.

If big volume confirms a break in either direction, it should be a major move.

You don't need to guess beforehand. That's the point. You short the breakdown (if we go down) or you long the breakout (if we go up) when we exit the triangle trying to get the best fill. Only if volume confirms it though.

The 2014 megapump from $450 to $680 was very easy to time with precision of days too. Too lazy to search that old post tho.

So... your analysis is based on historical trades, right?

[Fatman3001]

@ Jorge!

I'm in a good mood now, and I am rethinking my views about you. I tend to switch you on/off ignore on a regular basis. Last time I turned you off ignore, was because you provided a link to a bitcointalk thread regarding the process of selling bitcoin on GBTC at reddit.

You certainly scan the forums and look for details. And you can certainly not do this while teaching students / work on a funded science project at the same time.

I now have 2 theories for your motivation:


1. (My old theory) You work at the troll factory. Goldman Sachs or somebody else pay you via a middle man to troll bitcoin forums.

2. You are actually a heavy invested hodler. But because of life experience (not academic experience), you look constantly for the reason for your investments to go to hell. You play your own devils advocate. Bitcoin going to the moon is just too good to be true, right? I respect 100% that you don't talk about your holdings. Being your own bank, means bank security in your home. And it's hard to achive today.



The rest of you: Is it theory 1 or 2? (Or your own)

3. He's a tl,dr troll who likes to suck people into discussions and feed them lies.

[Wandererfromthenorth]

So... your analysis is based on historical trades, right?

What do you mean "historical trades"?

It's based on very basic TA.

[ChartBuddy]

Coin
Explanation

[Norway]

So... your analysis is based on historical trades, right?

What do you mean "historical trades"?

It's based on very basic TA.

By historical trades, I mean trades that happened previous in time. Before "now".
And you know basic TA wouldn't work because it would be exploited against the "Basic TA"-people.

[bassclef]

I now have 2 theories for your motivation:

No, Jorge is a very smart computer scientist with an inflated ego who peaked decades ago. His "musings" about bitcoin are an attempt to stay relevant as he slowly fades away into academia.

[Wandererfromthenorth]

So... your analysis is based on historical trades, right?

What do you mean "historical trades"?

It's based on very basic TA.

By historical trades, I mean trades that happened previous in time. Before "now".
And you know basic TA wouldn't work because it would be exploited against the "Basic TA"-people.

Ok, then yes, TA is based on historical trades, that's what TA is of course, but I don't understand your point.

[Norway]

I now have 2 theories for your motivation:

No, Jorge is a very smart computer scientist with an inflated ego who peaked decades ago. His "musings" about bitcoin are an attempt to stay relevant as he slowly fades away into academia.

I don't agree. I spend too much time surfing this field, and I understand that Jorge spend twice the time! There is certainly a very strong motivation! He is gaining/loosing important money related to bitcoin. It's not just a hobby.

[JorgeStolfi]

Let me use my common sense. Back on ignore you troll...

That's ironic (or pathetic), coming from an account that was created specifically to troll another user... 

How is that different from why you made your account?

What are you talking about?

For those folks in gelid Scandinavia and anywhere else the news may not have arrived yet: @fonsie created his account specifically to troll @fonzie, one of the smartest contributors to this forum (so much so that he easily won the bitcoin price prediction contest for 2014).  But @fonzie has been rather absent of late, so @fonsie changed his life mission to troll the undersigned.  Then he, or someone who thinks very much like him, created another account "@trolfi" with the same life mission -- making me the only member of this forum with not one, but *two* Exclusive Personal Trolls, a distinction that I will forever remember with pride.  But then he may have found it hard to manage the two accounts at the same time, or his employer refused to pay twice for two very similar sockpuppets, or something; anyway, @trolfi seems to have left us for good.

I hope that this background information will help newbies understand some things that otherwise may seem to make no sense, such as @fonsie's bizarre signature and avatar.

[Norway]

So... your analysis is based on historical trades, right?

What do you mean "historical trades"?

It's based on very basic TA.

By historical trades, I mean trades that happened previous in time. Before "now".
And you know basic TA wouldn't work because it would be exploited against the "Basic TA"-people.

Ok, then yes, TA is based on historical trades, that's what TA is of course, but I don't understand your point.

My point is: Look forward, not backward. I know shorting bears have made good money the last year. But you can't predict this curve by looking at old data. Look at the premises, how revolutionary bitcoin really is. Too sad if you bet all the money you made in a year on a leveraged short, and loose it in a flash when "the guys" go for it, he he. Ok, you can maybe play the bear game a little longer, but promise me that you put some of your earnings on the side (in bitcoin).

[JorgeStolfi]

you can certainly not do this while teaching students / work on a funded science project at the same time.

I am supposed tobe grading this:

and another one like it from another course. Do you need any other explanation?

[Fatman3001]

I now have 2 theories for your motivation:

No, Jorge is a very smart computer scientist with an inflated ego who peaked decades ago. His "musings" about bitcoin are an attempt to stay relevant as he slowly fades away into academia.

I don't agree. I spend too much time surfing this field, and I understand that Jorge spend twice the time! There is certainly a very strong motivation! He is gaining/loosing important money related to bitcoin. It's not just a hobby.

Why do you care? Nobody takes him seriously.

[Wandererfromthenorth]

@ Jorge!

I'm in a good mood now, and I am rethinking my views about you. I tend to switch you on/off ignore on a regular basis. Last time I turned you off ignore, was because you provided a link to a bitcointalk thread regarding the process of selling bitcoin on GBTC at reddit.

You certainly scan the forums and look for details. And you can certainly not do this while teaching students / work on a funded science project at the same time.

I now have 2 theories for your motivation:


1. (My old theory) You work at the troll factory. Goldman Sachs or somebody else pay you via a middle man to troll bitcoin forums.

2. You are actually a heavy invested hodler. But because of life experience (not academic experience), you look constantly for the reason for your investments to go to hell. You play your own devils advocate. Bitcoin going to the moon is just too good to be true, right? I respect 100% that you don't talk about your holdings. Being your own bank, means bank security in your home. And it's hard to achive today.



The rest of you: Is it theory 1 or 2? (Or your own)

3. A computer science professor who is interested in the bitcoin phenomenon simply as a spectator, and considering that  interesting/fascinating/worth some lols stuff happens in bitcoin world on a daily basis, I'd say that's all the motivation one needs.

He simply looks at everything bitcoin related without bias, as opposed to the permabulls which are trying to push their investment at all cost (without critical thinking).
Most of the time he talks about facts that permabulls don't like to hear, that's why they attack him.



There you go  

[Norway]

you can certainly not do this while teaching students / work on a funded science project at the same time.

I am supposed tobe grading this:

and another one like it from another course. Do you need any other explanation?

You are seriously dodging the questions about your motvivation (which you cut out in your quotation).

I'll just go for the tin foil hat theory and put you back on ignore. Where you belong.

[Norway]

@ Jorge!

I'm in a good mood now, and I am rethinking my views about you. I tend to switch you on/off ignore on a regular basis. Last time I turned you off ignore, was because you provided a link to a bitcointalk thread regarding the process of selling bitcoin on GBTC at reddit.

You certainly scan the forums and look for details. And you can certainly not do this while teaching students / work on a funded science project at the same time.

I now have 2 theories for your motivation:


1. (My old theory) You work at the troll factory. Goldman Sachs or somebody else pay you via a middle man to troll bitcoin forums.

2. You are actually a heavy invested hodler. But because of life experience (not academic experience), you look constantly for the reason for your investments to go to hell. You play your own devils advocate. Bitcoin going to the moon is just too good to be true, right? I respect 100% that you don't talk about your holdings. Being your own bank, means bank security in your home. And it's hard to achive today.



The rest of you: Is it theory 1 or 2? (Or your own)

3. A computer science professor who is interested in the bitcoin phenomenon simply as a spectator, and considering that  interesting/fascinating/worth some lols stuff happens in bitcoin world on a daily basis, I'd say that's all the motivation one needs, whether holder, trader, or simply an observer.

He simply looks at everything bitcoin related without bias, as opposed to the permabulls which are trying to push their investment at all cost (without critical thinking).
Most of the time he talks about facts that permabulls don't like to hear, that's why they attack him.



There you go 

No. He is too dedicated for a curious observer. It's simply not true.

[JorgeStolfi]

No. He is too dedicated for a curious observer. It's simply not true.

As much as I am "wasting" time with bitcoin, it is still much less than I "wasted" with the Voynich Manuscript, and comparable to what I "wasted" on the Fukushima disaster, Wikimapia, Wikipedia, cold fusion, space exploration...  I learned *a lot* with each of those "wastes of time", including with bitcoin. 

[hdbuck]

https://www.tradingview.com/chart/BTCUSD/AHFOHXcM-Updated-Longterm-Downtrend-Cycles/