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February 06, 2023, 05:22:49 PM *
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Question: When will we see a new ATH?
2023 - 38 (25.5%)
2024 - 58 (38.9%)
2025 - 40 (26.8%)
2026 - 3 (2%)
2027 - 2 (1.3%)
After 2027 - 3 (2%)
Never - 5 (3.4%)
Total Voters: 149

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26002015 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
FractalUniverse
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February 05, 2018, 10:48:23 PM

So, what we have here is not crypto crash at all. Its just epic tethers/fiats pump Cheesy
..and thats actually a good news, because they will be dumped again eventually.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Rosewater Foundation
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February 05, 2018, 10:49:26 PM
Last edit: February 06, 2018, 12:22:46 AM by Rosewater Foundation

we're going lower

Super Blue Blood Moon Eclipse from 31/1/18 is open until 15/2/18 at least ...

Marcus finally lost his marbles. Will he start his own crypto kingdom?
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February 05, 2018, 10:49:38 PM

This crash is your opportunity to create intergenerational wealth.

If you do not exhaust your fiat, you will soon have more BTC than you could have dreamed of.  Don’t get bull trapped.  If you are currently trapped, this candle is an opportunity to exit before the next leg down.  
With people massive panic sell and Steve Wozniak liquidated most of his bitcoin holding while the price is down to $7200 price range. I'm afraid you're right this indeed the best chance to have or buy enough bitcoin.
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February 05, 2018, 10:50:30 PM

This crash is your opportunity to create intergenerational wealth.

If you do not exhaust your fiat, you will soon have more BTC than you could have dreamed of.  Don’t get bull trapped.  If you are currently trapped, this candle is an opportunity to exit before the next leg down.  

now THIS is the sort of capitulation talk I'm looking for
Naw this is like the negotiation stage.  We’re looking for acceptance.  As in “Fuck this bitcoin is over”.  Not there yet.
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February 05, 2018, 10:51:27 PM
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Or people are flocking to dollars to pay maintenance on their Lambos. Those things are pricey, get a used Porsche.

More seriously, I remember in 2008 when EVERYTHING was melting down, even gold. I had some cash stashed and that allowed me not to panic sell. Which turned out to be a good idea since the market tripled. But live within your means now for awhile, don't keep buying Lambos.

This man speaketh the truth, dont put all eggs in a basket unless you Warren Buffet in which case he says its fine and watch it really carefully but he also says dont touch crypto.    Its known as asset allocaiton, never over balance yourself over weighted to one direction in all the various asset types.    Helps to stay afloat in rough seas which I think are a reasonable prospect

People say crypto is volatile but its partly born of a desire to counter the upcoming failure of world reserve currency which tldr could be a big game changer.    I think its all relative, I note that overall markets are selling off a bit recently.   The big deal to watch is Dollar strength, google dxy because thats the denominator to all prices even virtual
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February 05, 2018, 10:52:58 PM

For crying out loud!

I go to sleep and then work for a couple of hours and come back here and there is 22 pages to catch up.
Doesn't anyone here have a life?

Says the guy who's just wasted his life reading the last 22 pages....

Nope haven't read them all yet, still have 19 to go, I might just skip them.
It's been a beautiful day here and for a change I was up early enough to catch half of it. So I'm in a really good mood and might just do something useful instead.

It's something I need to embrace.  I might even take on a job or 2, if crypto is not going to bother entertaining me with up moves.  Still a beautiful day here, maybe a bike ride, to squeeze some of the crypto bubbles from the blood.  Or was it blood being squeezed from the crypto bubbles?  Not mine, anyway.
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February 05, 2018, 10:53:05 PM

At least this is flushing out the stupid altcoins. Bye bye alts, come back to Bitcoin.

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February 05, 2018, 10:58:18 PM

This man speaketh the truth, dont put all eggs in a basket unless you Warren Buffet in which case he says its fine and watch it really carefully but he also says dont touch crypto.    Its known as asset allocaiton, never over balance yourself over weighted to one direction in all the various asset types.    Helps to stay afloat in rough seas which I think are a reasonable prospect

Pretty much. What kept me going in 2008 was going down to the deposit box and running my hands through the small stash of silver and gold and making noises like a pirate. Aarggh and all that. It helped me to remember that I have things and will be ok.

If things go boom this time I will stroke my tools and such knowing that they go with me and can always bring value. That's the important thing in life, be able to create value and you'll be ok.
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February 05, 2018, 11:01:49 PM

At least this is flushing out the stupid altcoins. Bye bye alts, come back to Bitcoin.

Why would anyone come back to Bitcoin...?  So we can wake up tomorrow to $50 fees because one group of miners can manipulate the fee market that much.  I'm sure the trash alt markets (which are most) will be flushed, but the "real" alt markets are still strong and will continue to grow stronger during this shit show.

Bitcoin needs to scale to at least make it more costly and more risky for those who want to spam pool for profit.

I'm getting all types of calls "Why is Bitcoin going down?"... I just remind them that $50 fees are NOT the future and this is the markets slow reaction to the shit we dealt with in December 2017.
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February 05, 2018, 11:04:24 PM

Im just buying piecemeal now. Im not even trying to guess or trade the bottom - itll bounce too fast.
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February 05, 2018, 11:05:49 PM
Merited by marcus_of_augustus (10), soullyG (1)

Why would anyone come back to Bitcoin...?

This reminds me of those sneaky kids in school who get in a few unseen punches of their own during someone else's fights and then runs back into the shadows.
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February 05, 2018, 11:07:52 PM

$50 fees

Did you make any tx lately? Did you upgrade to a segwit wallet?
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February 05, 2018, 11:08:29 PM

Down to $6500 USD. And the real panic selling hasn't even begun yet!
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February 05, 2018, 11:08:34 PM

Why would anyone come back to Bitcoin...?  So we can wake up tomorrow to $50 fees because one group of miners can manipulate the fee market that much.  I'm sure the trash alt markets (which are most) will be flushed, but the "real" alt markets are still strong and will continue to grow stronger during this shit show.

Bitcoin needs to scale to at least make it more costly and more risky for those who want to spam pool for profit.

I'm getting all types of calls "Why is Bitcoin going down?"... I just remind them that $50 fees are NOT the future and this is the markets slow reaction to the shit we dealt with in December 2017.
Fees seem to be down quite a bit along with the overall transaction backlog. 31k transactions in the backlog, way down from the 200k+ a few weeks ago. Maybe Segwit is working.
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February 05, 2018, 11:14:20 PM

Back in 2014 I bought a small copy of the wall street bull and a gilded bitcoin coin and a wooden plate to mount it on. Never got around to finish it.
Maybe it's time to do it now and make it a house altar where I can make small offerings to the bitcoin bull.
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February 05, 2018, 11:15:06 PM
Merited by RoomBot (2), xhomerx10 (1), explorer (1), fabiorem (1), FractalUniverse (1), soullyG (1), rolling (1), Guvn0r (1)

I see everyone keeps looking for news or blaming some FUD or the other for bitcoin's price drop.

If this was about something having to do with bitcoin you would see the bitcoin price drop and alts remaining fairly stable.

This is about major market sentiment. A cycle that has been seen throughout history and repeated itself once again. Big money moved in, the price started to climb so everyone and their brother started buying so they could get those sweet 1000% gains that they were promised. Then we topped out and the price started going down. This is not what we were promised!?! I was supposed to be able to retire by buying bitcoins at $10k! What's happening!?! I better get out of this thing I have no clue about quickly! Sell! Sell! Sell!

The weak hands that have no clue will leave. But the big money will stay. They like volatility. We just fed the Wall Street beast the money of a bunch of ignorant n00bs and they will want more. They will play the market. They will get their money.

That is why we hodl. We understand that we cannot time the market. We do not spend every minute of every day watching the patterns and charts and use our hundreds of millions to move the market. We sit back and let others do that for us and we hold out.

All of my friends thought I was smart for buying so early. The smart part was not buying early, but not selling when the market was scary.
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February 05, 2018, 11:16:56 PM

Down to $6500 USD. And the real panic selling hasn't even begun yet!
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February 05, 2018, 11:17:13 PM
Merited by marcus_of_augustus (10)

At least this is flushing out the stupid altcoins. Bye bye alts, come back to Bitcoin.

Why would anyone come back to Bitcoin...?  So we can wake up tomorrow to $50 fees because one group of miners can manipulate the fee market that much.  I'm sure the trash alt markets (which are most) will be flushed, but the "real" alt markets are still strong and will continue to grow stronger during this shit show.

Bitcoin needs to scale to at least make it more costly and more risky for those who want to spam pool for profit.

I'm getting all types of calls "Why is Bitcoin going down?"... I just remind them that $50 fees are NOT the future and this is the markets slow reaction to the shit we dealt with in December 2017.

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February 05, 2018, 11:18:07 PM

Down to $6500 USD. And the real panic selling hasn't even begun yet!

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February 05, 2018, 11:19:45 PM

Fees seem to be down quite a bit along with the overall transaction backlog. 31k transactions in the backlog, way down from the 200k+ a few weeks ago. Maybe Segwit is working.

This. As a bitcoin spending advocate I had to finally stop spending bitcoins this past fall. I cracked open my credit card which I had used maybe a hand full of times in the past 5 years.

I can go back to spending bitcoins again because the fees are so low.
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