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

[steelboy]

3800 Stamp

Cruisin'

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[BTCtrader71]

honey badger's cutting through the 3000s like piss through snow

[TeeBone]

Crazy price movement - hard to believe almost... almost

On a weekly log chart, still doesnt look like a bubble.
The move from $2 to $1200 last time around was far more dramatic.
If we go vertical into 8K-10K territory, ill be dipping into cold storage.

[suzanne5223]

Now that the mainstream is adopting BTC, we will soon do the real pump and dump, leaving them with the ultimately worthless BTC digital token. Satoshi is a genius robber baron.

BTC will hit $500,000 then drop back to $50, destroying greedy bankers in the process.  

Right?  

That's not true because the technology network created or programmed for bitcoin doesn't meant to work that. Mind you, bitcoin was meant to be an alternative to our financial system and if you check the current financial market update, you see that bitcoin rallies to $3829 while world wide traditional assets tumble.

[Searing]

honey badger's cutting through the 3000s like piss through snow

 I hope honey badger is not getting too fatigued, has failing eyesight due to such, and runs off Bear Mountain cliff...the weightlessness of the fall would be fun..the

sudden stop at the bottom..not so much....honey badger would be 'pissed' having to climb Bear Mountain again...indeed....

Honey badger don't care..or should not care...when he gets to 4,000...honey badger should 'stroll' once in awhile.....look at the scenery ...have a snack

jeez....I'm just feeling sorry for honey badger's small little legs in a constant blur....(also the constant cheering on watching his little legs blur.. is making me hoarse)







 

[Elwar]

I'm frankly starting to get a new kind of trouble with where prices are going. Used to be I had to Do Stuff to Get Money from Others. Now I'm closing in on true financial independence. And I have no idea where to go from here.

Congrats. I reached that point too a while back. My whole life I spent my energy on working on making more money, college, personal sacrifice, business ventures, etc.

Now that I make more with bitcoin than anything else, and I don't really need to make any more money for the rest of my life (though more opens up possibilities) it changes my life goals.

Right now I go to work even though I don't need to. I have zero motivation, especially working for the military industrial complex. If it weren't for the fact that I have no stress at work and I work in a very relaxed atmosphere I would leave. Other people stress...but that is because they worry about their future careers. Though going to work is ok because it gives me a reason to get out of the house in the morning.

Even thinking about things I can do with my life outside of work it tends to come back to working on something...which tends to be something that makes money. I need to figure out how to balance working on something that doesn't drain my funds and productivity while not worrying about making money off of the venture. Like I want to help with this seasteading venture and can contribute in many ways such as running their network or developing some blockchain stuff for them, but I keep thinking that I would need to get paid to do something big like that. But a small salary would only be symbolic for me, and a big salary would not be feasible. And if I wanted a big salary I would just keep doing what I am doing now.

First world problems I suppose.

I have been reading The Will to Power by Nitchze to kind of get into the heads of the bigwigs that I might start mingling with (and have already started to do) as more of a protective stance to not become an easy target. I will be delving into other books like that to get an idea of the mindset and to enlighten my mind a bit.

Why would you need to get paid? Assuming you don't need any more money ... why hold yourself back from doing something that provides purpose to your life just because you're "supposed to" do it a certain way? Says who?

All the money in the world, without any sense of purpose ... may as well be dead.

I say that because anything that takes a lot of work would require motivation to keep working as opposed to just sleeping in and playing video games. It would not be fair to anyone if I started working on something that I believe in then bail once I grew bored of it or something else took up my time.

I might consider writing a multiplayer seasteading video game. I worked on games in college and that was something I enjoyed doing voluntarily. But it was on my own schedule.

[Denker]

Here we go, another ATH. Hopefully we hit $3600 today.

I underestimated this. Maybe $3800 - $4000 Monday target?

$4k probably within the next 36 hours I would say.It is definitely possible.
With the beginning of the new week I expect some correction to happen.
Hopefully not too low. 3400-3500 would be nice.
Crazy week we have so far. Just amazing. Enjoy this guys!

[Nemo1024]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...  Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

[rjclarke2000]

Can you all not sell at 10k. You are going to crash it.

Maybe some sell at 12k or 9k or 13k?

Am I the only one waiting for 32k like Adam promised?

Don't ruin my plans.

[Lauda]

$4k probably within the next 36 hours I would say.It is definitely possible.
With the beginning of the new week I expect some correction to happen.

Possible for sure, but I'm hoping it takes a mini break for a day or so.

Hopefully not too low. 3400-3500 would be nice.

Yeah, I'd hate to see $2xxx range again. Do you guys remember the SEC ruling, when people who sold at the bottom were telling us we are going to $600? That feels like it happened ages ago.
Someone placed a wall on Bitstamp, but it's being eaten already:

[YourMother]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

[Dotto]

Bitstamp wall been eating alive

[ErisDiscordia]

Several hundred BTC wall at 3749 just eaten at stamp like it's peanuts

[bones261]

Several hundred BTC wall at 3749 just eaten at stamp like it's peanuts

Further evidence that bitcoin bulls are actually elephants, not cattle.

[JayJuanGee]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

What a resentful and judgmental fuck you are.

Of course, hodlers are going to get excited.

Of course, there is going to be a lot of variance regarding when to sell and how much.

Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.

I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.

WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?

[olseh]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

What a resentful and judgmental fuck you are.

Of course, hodlers are going to get excited.

Of course, there is going to be a lot of variance regarding when to sell and how much.

Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.

I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.

WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?

I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way

[JayJuanGee]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

What a resentful and judgmental fuck you are.

Of course, hodlers are going to get excited.

Of course, there is going to be a lot of variance regarding when to sell and how much.

Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.

I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.

WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?

I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way

This is my first real bubble too... from $250 to $3800 is quite amazing, and surely having had made it past the earlier resistance makes these higher levels of resistance quite more realistic and plausible, especially since the rise from $250 has been decently gradual (over nearly two years) as compared with other exponential growth periods that were much shorter.  And, people were pretty fucking pessimistic in 2015, and some hodlers were selling parts of their stash and turning into bears, too... and even the participation in this thread was quite low, too.

So we are truely in better days in which the trend is our friend, especially if we can play it strategically and sell on the way up but not too many, because you want to have a decent stash, even if the unthinkable and the less likely scenarios play out.... that is $20k and then Adam's repetitively favorite $32k thereafer... hahahahaha  I plan to have sold some coins along the way and still have a decent stash of coins in any of those upwards and seemingly less likely scenarios.

[pennywise]

There is a consideration to be made about ETFs being allowed to operate; maybe these ETFs to be are currently accumulating BTC assets?

[Last of the V8s]

https://bitcointalk.org/index.php?topic=2080206.msg20798805#msg20798805
Maxwell has a go at the 'new' 'satoshi' 'email' 'leaker'

Shameful. Shameful if they're legit, shameful if they're edited.

Here was my response to "CipherionX"'s attempts at getting leaks.

I'm quite sure I have read at least some of these before. As such, they really aren't new. Not all of them anyway.

I'm guessing Gregory is just pissed and trying to stifle the revelation that Satoshi directly contradicts several of Blockstream/Core's fundamental sacred cow axioms from his very first reply to Mike.

The existing Visa credit card network processes about 15 million Internet purchases per day worldwide.  Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost.  It never really hits a scale ceiling.

By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10.  Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.

The fee the market would settle on should be minimal.  If a node requires a higher fee, that node would be passing up all transactions with lower fees.  It could do more volume and probably make more money by processing as many paying transactions as it can.

The transition is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces.

Eventually, most nodes may be run by specialists with multiple GPU cards.

I thought the same thing.



Here another very eloquent extract:

A higher limit can be phased in once we have actual use closer to the limit and make sure it's working OK.
 
Eventually when we have client-only implementations, the block chain size won't matter much.  Until then, while all users still have to download the entire block chain to start, it's nice if we can keep it down to a reasonable size.
 
[...]
 
Whatever the current capacity of the software is, it automatically grows at the rate of Moore's Law, about 60% per year.

Trolls in 3... 2... 1...

So often in this process quite opposing factions can share a snigger at poor old Maxwell's hopping up and down.
Let me point out that this event also attacks his need to matter as an individual, his self-importance.

But it would be a mistake for any of us to use an appeal to satoshi's authority in order to consruct our arguments.
Especially when this authority is in doubt.
There is no way on earth satoshi would have abused the mother tongue and Moore's Law in the same sentence thusly:

By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10.

The poor chap made the odd mistake, but never of these sorts.

Another 'editing' fail: it's nice if we can keep it down . Fakers don't know how to use the subjunctive in the English language, while satoshi did. The texts are littered with such anomalies.

As things stand, no side can prove or disprove the authenticity of these emails, so they are sadly doubly worthless.

So we are left with modern-day realities as the resident shouty man points out

Moore's Law was repealed iirc.

Anyway, I read an article.

[olseh]

Drat... I sold the last of once cold stored BTC at €2600, and now we are at €3225...   Didn't expect the climb after the pump, so did not buy back. And now, waiting for a correction (they always come) before buying back.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

What a resentful and judgmental fuck you are.

Of course, hodlers are going to get excited.

Of course, there is going to be a lot of variance regarding when to sell and how much.

Also, it seems that we are currently in an upward trend that is likely to take us a bit of a ways.

I still say next resistance in the $4800 to $6800 territory, and then $8500 to $13000 territory.. and then $16500 to $19k thereafter.

WE gotta get through resistance in each of these areas, and I could see going to the $8500 to $13000 territory in this run, but I have a hard time with any kind of reasonable plausibility of the $16.5k to $19k... range... but what do I know?

I still can't wrap my head around the fact that we are seriously talking about prices like this (and being realistic)... bitcoin has come a long way

This is my first real bubble too... from $250 to $3800 is quite amazing, and surely having had made it past the earlier resistance makes these higher levels of resistance quite more realistic and plausible, especially since the rise from $250 has been decently gradual (over nearly two years) as compared with other exponential growth periods that were much shorter.  And, people were pretty fucking pessimistic in 2015, and some hodlers were selling parts of their stash and turning into bears, too... and even the participation in this thread was quite low, too.

So we are truely in better days in which the trend is our friend, especially if we can play it strategically and sell on the way up but not too many, because you want to have a decent stash, even if the unthinkable and the less likely scenarios play out.... that is $20k and then Adam's repetitively favorite $32k thereafer... hahahahaha  I plan to have sold some coins along the way and still have a decent stash of coins in any of those upwards and seemingly less likely scenarios.

I've been around since 2013 (my old BCT account got hacked) so I've seen some lows and some highs but like I said I still can't believe we're here; even though it's what we've all been hoping for