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

[TERA]

Every movement up or down looks really big to all the traders because they're looking at a short time frame and don't zoom out, so the movement takes the entire vertical height on the chart. It's the same as when your trading forex and look at a 1 minute chart and think 'oh god look at that huge 5 pip move'

na im talking about the forums I go to, during august there were massive posts  going don't buy bitcoin etc etc and by really smart looking people, then everything goes quiet on the uptrend passed 300$s.

Then when it drops by 30$ all these people come out of the woodwork back again posting the same EXACT fud from when the price was at 200$s.

I used to think shills were a myth or just silly confirmation bias but im starting to believe it.

Yes there are lots of traders who post bearish things mostly only during bearish periods.  Either because.
1. They're long during the bull periods
2. They don't bother posting during the bull period because they'll be drowned out by bulls and up movement psychology.
3. You don't notice them during bull periods because they're drowned out by tons of bull posts (do you read EVERYTHING? )

they're just traders,  assholes, liars, and bears. I don't see what makes them 'shills'

[XCASH]

<snip>


i think the case is not closed. the price of gold is MANIPULATED downwards. that means the price has been artificially lowered. what that means is that todays price of gold is not it's true value.. and what that means is that gold is on sale.. obviously, there are reasons why gold and silver have been manipulated downwards.

and here is another something you seem to have missed.. usd is NOT money.. it is a currency. gold and silver IS money.... if you require more explanation of what is the difference between money and currency then obviously you need to do some research before you continue to make a fool out of yourself in the bitcointalk forum.

here's a trick question for ya:: is bitcoin money or currency ??

You sound like the Dilbert character called "Dick from the internet". He also says "you should do some research before you embarrass yourself like that again".



Why didn't you also follow Dick from the internet's example and give fisheater22 five links that are not as relevant as you think they are?

you are taking sides with fisheater22, as if he is the reasonable one.... hahahahahahahaha    

What a joke.  

On the contrary, if aztecminer is that guy from the internet who says "you should do some research before you embarrass yourself like that again" then he's FAMOUS. I'm an aztecminer fan, fisheater22 is just another bitcointalk member that nobody's heard of.

Everyone's heard of that guy from the internet who says "you should do some research before you embarrass yourself like that again".

[TERA]

Shills are people inserted by an agency.  These assholes are just serving their own self interests

[ChartBuddy]

Coin



Explanation

[suda123]

Shills are people inserted by an agency.  These assholes are just serving their own self interests

The ritual I do everyday is I visit about 4-5 bitcoin forums even in off topic forums, normally I try and identify the shills from those forums and gather up the information that indicates the price, it's usually the opposite.

Ill try and post images from my archive.

This was in August https://medium.com/@KawaiiHolocaust1488/5-reasons-why-not-to-buy-into-the-bitcoin-hype-e2842804428e


I'm starting to think it isn't china, maybe just the exchanges but that doesn't necessarily mean it's *chinese people*.

[suda123]

Anyone here noticed that China CCMFs? 

wat is dis

[BlindMayorBitcorn]

Anyone here noticed that China CCMFs? 

wat is dis

More scandalous lies.

[XCASH]

Hi there. I’m BlindMayorBitcorn, Hero member at Bitcointalk. AMA!

 

Congratulations bro!

I will be joining you at the next activity points update in 2 weeks

Congratulations on both of your hero members status. Unless you become donators or staff, the next and final rank level for both of you is legendary, which occurs randomly between 775 and 1030 activity. If you get lucky you could become legendary members during 2016!

[JayJuanGee]

[...]

When I post here, always imagine myself as this:



...and write accordingly. Out of curiosity, how do you picture yourself when you post?

Really, it does look like you have an inability to stay on a topic, and when you are not perverting the topic,  you want to turn topics into irrelevant bullshit.

There is nothing wrong with a little bit of fun and games, but when you appear to be purposefully evasive and unable to back up any random stream-of- consciousness posts that you make, then it becomes more and more difficult to treat you seriously.

[adamstgBit]

^Gracias.

Does anybody know Blockstream's business model? How are their sidechain projects open-source?

[BlindMayorBitcorn]

^I'm getting demoted for this, aren't I?

[BlindMayorBitcorn]

R3 is suing Peter Todd!

https://twitter.com/ummjackson/status/679066455200022528

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

...
Pushing for higher miner fees is barking up the wrong tree. Either we manage with lower fees or the system fails, if you ask me. This will be the case regardless of transaction rate.

Can't we just hardfork to a new, better block reward schedule (print more money)?

What good would that do? The mining subsidy is the single biggest reason miners suck off such a large portion of wealth stored in BTC at the moment. Mining subsidy coupled with bullish price expectations, that is. (An inflation-corrected BTCUSD chart would probably be pretty illuminating...)

That's a really good idea. A chart of BTC price over time adjusted by the amount of total BTC in existence at that point in the chart.

SIDE NOTE. Sold some coin today to pay off a few bills. Still positioning myself to wait out the fullblocalypse.

[TERA]

...
Pushing for higher miner fees is barking up the wrong tree. Either we manage with lower fees or the system fails, if you ask me. This will be the case regardless of transaction rate.

Can't we just hardfork to a new, better block reward schedule (print more money)?

What good would that do? The mining subsidy is the single biggest reason miners suck off such a large portion of wealth stored in BTC at the moment. Mining subsidy coupled with bullish price expectations, that is. (An inflation-corrected BTCUSD chart would probably be pretty illuminating...)

That's a really good idea. A chart of BTC price over time adjusted by the amount of total BTC in existence at that point in the chart.

SIDE NOTE. Sold some coin today to pay off a few bills. Still positioning myself to wait out the fullblocalypse.

Here's a chart of market cap, but I guess you are looking for the opposite effect

https://blockchain.info/en/charts/market-cap?timespan=all&daysAverageString=7&scale=0&address=

[JayJuanGee]

<snip>


i think the case is not closed. the price of gold is MANIPULATED downwards. that means the price has been artificially lowered. what that means is that todays price of gold is not it's true value.. and what that means is that gold is on sale.. obviously, there are reasons why gold and silver have been manipulated downwards.

and here is another something you seem to have missed.. usd is NOT money.. it is a currency. gold and silver IS money.... if you require more explanation of what is the difference between money and currency then obviously you need to do some research before you continue to make a fool out of yourself in the bitcointalk forum.

here's a trick question for ya:: is bitcoin money or currency ??

You sound like the Dilbert character called "Dick from the internet". He also says "you should do some research before you embarrass yourself like that again".



Why didn't you also follow Dick from the internet's example and give fisheater22 five links that are not as relevant as you think they are?

you are taking sides with fisheater22, as if he is the reasonable one.... hahahahahahahaha    

What a joke.  

On the contrary, if aztecminer is that guy from the internet who says "you should do some research before you embarrass yourself like that again" then he's FAMOUS. I'm an aztecminer fan, fisheater22 is just another bitcointalk member that nobody's heard of.

Everyone's heard of that guy from the internet who says "you should do some research before you embarrass yourself like that again".

O.k.  fair enough, and yes, funny in its own way, too.

[suda123]

No, I'm offering you the current state of bitcoin ATMs (according to you, an essential layer for transacting in BTC).
Talking about the present, what is, right now. No "paradox." What are you talking about?

Then also take the current state of bitcoin fees and transact with it, instead of projecting forward to the point where it costs 3 times the coffee in tx fees.
If we are talking about the future, you will have to apply a corresponding "futuristic" reasoning for other aspects of the ecosystem.

I'm talking about the present. Regardless of how much I spend on fees, I can't buy gas, milk, pay my taxes or buy my dope from Pedro.
Not without turning it into fiat, at which point all the KYC/AML laws will apply, and will be introduced at your "bitcoin [buying] ATMs."
As long as that's how it's played, bitcoin's just a needless layer of complication.

Gold is an anachronism, a custom, a convention, like shaking hands.

Whatever you have to say about gold, the issue remains that it is indirectly spendable and a store of value despite not being directly spendable. And this is not an anachronism. It is not something that was relative a thousand years ago. It is something relevant TODAY.

Recently, gold has been a shittier store of value than USD. Case closed.

you have tried to suggest that you are bullish about BTC

You kiss your mother with that lying mouth?

i think the case is not closed. the price of gold is MANIPULATED downwards. that means the price has been artificially lowered. what that means is that todays price of gold is not it's true value.. and what that means is that gold is on sale.. obviously, there are reasons why gold and silver have been manipulated downwards.

and here is another something you seem to have missed.. usd is NOT money.. it is a currency. gold and silver IS money.... if you require more explanation of what is the difference between money and currency then obviously you need to do some research before you continue to make a fool out of yourself in the bitcointalk forum.

here's a trick question for ya:: is bitcoin money or currency ??

plot twist, gold is was just useless to begin with

[billyjoeallen]

...
Pushing for higher miner fees is barking up the wrong tree. Either we manage with lower fees or the system fails, if you ask me. This will be the case regardless of transaction rate.

Can't we just hardfork to a new, better block reward schedule (print more money)?

What good would that do? The mining subsidy is the single biggest reason miners suck off such a large portion of wealth stored in BTC at the moment. Mining subsidy coupled with bullish price expectations, that is. (An inflation-corrected BTCUSD chart would probably be pretty illuminating...)

That's a really good idea. A chart of BTC price over time adjusted by the amount of total BTC in existence at that point in the chart.

SIDE NOTE. Sold some coin today to pay off a few bills. Still positioning myself to wait out the fullblocalypse.

Here's a chart of market cap, but I guess you are looking for the opposite effect

https://blockchain.info/en/charts/market-cap?timespan=all&daysAverageString=7&scale=0&address=

I'm not looking for an effect. I'm looking for insight. 

[adamstgBit]

No, I'm offering you the current state of bitcoin ATMs (according to you, an essential layer for transacting in BTC).
Talking about the present, what is, right now. No "paradox." What are you talking about?

Then also take the current state of bitcoin fees and transact with it, instead of projecting forward to the point where it costs 3 times the coffee in tx fees.
If we are talking about the future, you will have to apply a corresponding "futuristic" reasoning for other aspects of the ecosystem.

I'm talking about the present. Regardless of how much I spend on fees, I can't buy gas, milk, pay my taxes or buy my dope from Pedro.
Not without turning it into fiat, at which point all the KYC/AML laws will apply, and will be introduced at your "bitcoin [buying] ATMs."
As long as that's how it's played, bitcoin's just a needless layer of complication.

Gold is an anachronism, a custom, a convention, like shaking hands.

Whatever you have to say about gold, the issue remains that it is indirectly spendable and a store of value despite not being directly spendable. And this is not an anachronism. It is not something that was relative a thousand years ago. It is something relevant TODAY.

Recently, gold has been a shittier store of value than USD. Case closed.

you have tried to suggest that you are bullish about BTC

You kiss your mother with that lying mouth?

i think the case is not closed. the price of gold is MANIPULATED downwards. that means the price has been artificially lowered. what that means is that todays price of gold is not it's true value.. and what that means is that gold is on sale.. obviously, there are reasons why gold and silver have been manipulated downwards.

and here is another something you seem to have missed.. usd is NOT money.. it is a currency. gold and silver IS money.... if you require more explanation of what is the difference between money and currency then obviously you need to do some research before you continue to make a fool out of yourself in the bitcointalk forum.

here's a trick question for ya:: is bitcoin money or currency ??

plot twist, gold is was just useless to begin with

gold makes horrible money.

bulky
hard to secure
can be counterfeited  with relative ease
not fungible ( one 1oz gold coin != another 1oz gold coin )
its value is not recognized by modern society ( want proof go watch the video of the guy trying to sell 1oz for 50$)

gold sucks balls

[owlcatz]

gold makes horrible money.

bulky
hard to secure
can be counterfeited  with relative ease
not fungible ( one 1oz gold coin != another 1oz gold coin )
its value is not recognized by modern society ( want proof go watch the video of the guy trying to sell 1oz for 50$)

gold sucks balls

yeah it's not very fungible to say the least lol.