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

[Dakustaking76]

Guys we Did our best to get rich

Its all over

Winter is coming (weekend) we Will see a dip again

Holdddddddddd

[Enjel]

It's terrifying holding a ton in an alt that *seems* to be holding in the sea of red.

$-wise, it is currently the same as it was 24 hours ago, and in fact pumped up before coming back down.

[TERA2]

That flat line at 8750 looks like something out of mtgox

Just curious - what is your prediction? I remembered you were very bearish a few weeks ago, but now you're not calling "big crash" like some are.

There could be a big crash, but it's not going to happen all at once as were already in slow grind mode. It would be a slow slide with lots of bounces like 2014. I think from here it could go to 7-8K then have a bounce back up to 13K  before proceeding with the next wave down to 5.5K then a much longer bounce to 10K and then a final wave to above 3K. This would mimic 2014.

[mike4001]

https://coinmarketcap.com/

DigixDAO is up 25,15%

lol

Anyone who bought this was lucky as fuc*

[Enjel]

They saw that some alts, especially the ones brought on pure hype, will disappear in major crashes.

Are there any alts in like 2013-2014 that were big, but vanished into obscurity?

The funny thing is that 1000+ coins on CMC are probably completely abandoned, but still get pumped and stuff from time to time.

[TERA2]

[Neo_Coin]

https://coinmarketcap.com/

DigixDAO is up 25,15%

lol

Anyone who bought this was lucky as fuc*

https://digix.global

[Enjel]

https://coinmarketcap.com/

DigixDAO is up 25,15%

lol

Anyone who bought this was lucky as fuc*

https://digix.global

Lol not so much luck I guess.

[HairyMaclairy]

It's terrifying holding a ton in an alt that *seems* to be holding in the sea of red.

$-wise, it is currently the same as it was 24 hours ago, and in fact pumped up before coming back down.

Yeah don’t do it.  It won’t last. No one is safe. 

[JayJuanGee]

...

Excellent, logical and positive post! Would have +1’d but I ran out of spendable merit!

** If you need 2 merits to get one sMerit, will everyone eventually run out of sMerit?

There was the initial distribution of merits and smerits and the rippling effects of the initial distribution would be expected to carry on for a year or more for members to use their merits and then the halvening too, like you mentioned.  

Yet, there are also 57 members that Theymos has designated as sources of about 12,000 smerits per 30 days, and Theymos seems to think that smerits flowing through sources will cause a sufficient enough supply of continued smerits rippling through the forum, yet it seems that it could take several months to determine how the merit system is playing out in terms of ranking up and flow of smerits, etc.  

I doubt it will dry up, but there could be questions about whether it will be fairly distributed and what kinds of posts will attract the giving of merit.

The whole thing needs tweaking some more..seems to me. I dont have near enough merits to hand out. I dont want a shit ton more...but being able to reward comments daily and not run out seems like it would be a reasonable place to start. And another damn thing..some hero members had there merits raised if they where near legendary?  If so..what about all the other ranks that where close to ranking up? Its all kinda arbitrary.


Not that I really care..I still am going to give out the forked WOsMerits when earned  

slightly on topic...seems the east is wakening up and is not happy..more dump?

I read through a lot of the merit explanation thread (linked below):

https://bitcointalk.org/index.php?topic=2818350.0

Your concern about some kind of more fair distribution, whether prorata or based on activity level, was brought up in that thread several times, even by me.  So, yeah, someone like you seems to have been disproportionately impacted in a negative way since you would have ranked up to sr. member this week - except the policy change is going to cause the need for you to receive 150 more merits (and less than 120 now because you already received about 30 in the past week)... I am not sure if there would be some way for Theymos to tweak the initial distribution again in order to make it more fair, but I know that such subject has been brought up by quite a few members... and yeah so far, it seems that he only tweaked the initial merit distribution of the hero members in the legendary range and not any other ranks, and he did not even do that in a pro-rata way based on activity, so I am not even sure if it is possible with the system (as long as the member had 775 activity points or more, the member received 1000 merits - and the previous allocation had been based on legendary status received 1000 and hero received 500).  The hero redistribution was more fair and better, but certainly not perfect, which may have been more difficult to achieve.

[HairyMaclairy]

https://coinmarketcap.com/

DigixDAO is up 25,15%

lol

Anyone who bought this was lucky as fuc*

https://digix.global

So many of these schemes have melted away.

[starmman]

Bitcoin dominance 34.9 and rising.

This is how we do.  

Edit:  35%.   

good to hear - needed to be a bit higher than it was (up to 35.4 now) - I have a feeling we are getting close to the bottom of the dip now

[Enjel]

ETH seemed to be holding up so well, until it didn't.

[JayJuanGee]

concept of support is silly

It is just a way of framing the matter for more clear understanding.  Support is on the bottom and resistance is on the top.  Can be strong or weak, but it seems to capture the idea, and even if it does not it seems to be common parlance in the trading world.

[jojo69]

LOL

XRP -30%

that rather takes the sting out of events

[HairyMaclairy]

LOL

XRP -30%

that rather takes the sting out of events

XRP could well go back to where it came from.  And deservedly so. 

[JayJuanGee]

That flat line at 8750 looks like something out of mtgox

Just curious - what is your prediction? I remembered you were very bearish a few weeks ago, but now you're not calling "big crash" like some are.

There could be a big crash, but it's not going to happen all at once as were already in slow grind mode. It would be a slow slide with lots of bounces like 2014. I think from here it could go to 7-8K then have a bounce back up to 13K  before proceeding with the next wave down to 5.5K then a much longer bounce to 10K and then a final wave to above 3K. This would mimic 2014.

You could be correct Tera    (AKA terabera), but I think that part of the reason that you battle with folks in this thread so much is that you pick the more bearish of the scenarios - whether we are going up or even if we just started going down, and currently the more plausible scenario is that we are in a early 2013 type of correction, but instead you take the more bearish approach and purposefully chose the 2014 scenario - so peeps think that you are just a shill or disingenuous - and it is not because you are springing reality upon us, but instead you seem to want to purposefully spin doom and gloom - even when it is not justified... so it seems purposeful, and you even seem to know better ... in other words, it is difficult to believe that you really believe the extremely bearish shit that you propound on a regular basis, amirite?

[Rosewater Foundation]

Wealth transferred, mission accomplished. Absolute savagery. Why I ever thought this would end in anything other than tears I'll never know.

What “this” are you referring to and what “end” are you talking about?  It’s like gibberish.

"This" was my plan to seastead myself away from you lowlife degenerates once and for all. 

[HairyMaclairy]

How many weeks did 2013 last for?  We are 7 weeks now since the peak.  To me the slow length of the grind indicates a 2014 situation but happy to be challenged. 

Importantly I don’t agree that a 2014 grind out would lead to a 2 year winter. I think the recovery would be much faster this time. Too much happening in the space.

[ghandi]

Back to Nov 25 levels. See you at the next bubble event 2021