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

[kurious]

One good rhythm guitarist is worth more than 100 noisy, self-centered "lead" guitarists with all their goofy effects pedals and total lack of self control.

You nailed it.   My career used to be in the business, I ran labels.

Lead guitarists clever enough to play less and leave some space were the only I could stand.  Great, solid rhythm guys are way rarer.

[bones261]

Breaking 24777$ prediction game      FINAL LIST       

01/03/2018 bones261

And I thought I was being overly conservative. 

[kurious]

Breaking 24777$ prediction game      FINAL LIST       

01/03/2018 bones261

And I thought I was being overly conservative. 

02/04/2018

I am a month behind you and I thought I was too optimistic... I still do.

[HairyMaclairy]

[PoolMinor]

3

[Toxic2040]

[HairyMaclairy]

[bones261]

Breaking 24777$ prediction game      FINAL LIST       

01/03/2018 bones261

And I thought I was being overly conservative. 

02/04/2018

I am a month behind you and I thought I was too optimistic... I still do.

You are probably right. it appears $10xxx for 2018 will give us deja va of $2xx in 2015.

[Ibian]

Is singapore worth a visit? Taiwan?

[HairyMaclairy]

Is singapore worth a visit? Taiwan?

Depends why you are going.  F1?  Singapore is Asia-lite.  Good place to take people who have not been to Asia before who might find India or Indonesia a bit in your face.

Singapore is very clean and very safe.  Little India is awesome.   On the downsides, booze is expensive and it’s tiny.  I haven’t been to Taiwan so can’t comment.

[Icygreen]

I'm still looking at 12 and 13K as the resistance to break before saying goodbye to the 10's.  I think we are/have seen the psychological resistance that was expected in December before the gamed pump.  At least it feels a bit more organically rooted for now.

A question running through my mind for the last few months:
For a society so used to a somewhat stable money value, what will be the effects of volatility in the masses?  What I mean is: Having something I believe is sovereign money, although volatile, continues to change my relationship to traditional paper money and bank digits (taking a back seat). When the masses come to accept this, I expect some drastic reality shift I can't quite imagine today.  Maybe it's not yet a question that can really be answered today. Maybe better,  How has your relationship to money changed since bitcoin?  Too serious?
  

[explorer]

And below 11K again,150 BTC wall inserted at 11K @ GDAX

Seems impossible to break

My prediction is we go sideways until the g20 summit and hopefully get good news from that

wat?

[Ibian]

I'm still looking at 12 and 13K as the resistance to break before saying goodbye to the 10's.  I think we are/have seen the psychological resistance that was expected in December before the gamed pump.  At least it feels a bit more organically rooted for now.

A question running through my mind for the last few months:
For a society so used to a somewhat stable money value, what will be the effects of volatility in the masses?  What I mean is: Having something I believe is sovereign money, although volatile, continues to change my relationship to traditional paper money and bank digits (taking a back seat). When the masses come to accept this, I expect some drastic reality shift I can't quite imagine today.  Maybe it's not yet a question that can really be answered today. Maybe better,  How has your relationship to money changed since bitcoin?  Too serious?
  

Just imagine how they will feel during a hyperinflation. Everything they believed is a lie!

Educate those who will listen, and let the god of poverty sort the rest out. (is there a god of poverty? who is it?)

[Rosewater Foundation]

I'm still looking at 12 and 13K as the resistance to break before saying goodbye to the 10's.  I think we are/have seen the psychological resistance that was expected in December before the gamed pump.  At least it feels a bit more organically rooted for now.

A question running through my mind for the last few months:
For a society so used to a somewhat stable money value, what will be the effects of volatility in the masses?  What I mean is: Having something I believe is sovereign money, although volatile, continues to change my relationship to traditional paper money and bank digits (taking a back seat). When the masses come to accept this, I expect some drastic reality shift I can't quite imagine today.  Maybe it's not yet a question that can really be answered today. Maybe better,  How has your relationship to money changed since bitcoin?  Too serious?
  

Just imagine how they will feel during a hyperinflation. Everything they believed is a lie!

Educate those who will listen, and let the god of poverty sort the rest out. (is there a god of poverty? who is it?)

This is an excellent question. Speaking personally, I probably don't need to tell y'all how close I was to dumping in total despair. Right at the bottom. I don't know how normies would cope psychologically.

Relevant https://www.weforum.org/agenda/2017/11/technology-has-unveiled-a-troubling-economic-truth?utm_content=bufferf58de&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

Reducing economic inequality will require reforms of education and taxation, with the tax burden shifting decisively from labor to capital. Western countries will also need to create new redistributive mechanisms to supplement the declining role of wages in their economies.

[bitcoinPsycho]

[Rosewater Foundation]

Also relevant https://www.technologyreview.com/s/610392/ethereums-smart-contracts-are-full-of-holes/

Sergey and colleagues used a novel tool to analyze a sample of nearly one million Ethereum smart contracts, flagging around 34,000 as vulnerable—including the one that led to the Parity mishap. Sergey compares the team’s work to interacting with a vending machine, as though the researchers randomly pushed buttons and recorded the conditions that made the machine act in unintended ways. “I believe that a large number of vulnerabilities are still to be discovered and formally specified,” Sergey says.

[d_eddie]

A question running through my mind for the last few months:
For a society so used to a somewhat stable money value, what will be the effects of volatility in the masses?  What I mean is: Having something I believe is sovereign money, although volatile, continues to change my relationship to traditional paper money and bank digits (taking a back seat). When the masses come to accept this, I expect some drastic reality shift I can't quite imagine today.  Maybe it's not yet a question that can really be answered today. Maybe better,  How has your relationship to money changed since bitcoin?  Too serious?
  

My relationship with money has changed a lot. Almost every day, it occurs to me that so many worries and tears and toils are about - what - a btc cent? Ah, no, that's 1.5 cents. It doesn't change anything - all is relative, but in these occasions I feel like I'm living on another planet.

Perhaps more interestingly, now I see fiat money as funny color printed slips of paper that people give value to even if in some sense it isn't "real". It has no objectivity, for lack of a better word.

Or... no, wait a minute. We don't even get to see those slips of paper much anymore now, do we? More often that not, fiat money is a bunch of numbers in a giant database, much like bitcoin. Except, there are guys that have the master keys for some parts of this huge database, so they can edit, hack and play within a loose set of rules. No, I've got no such key unfortunately.

Also, bitcoin has taught me that my most precious resource is time. No matter how rich or lucky I am, my lifetime is capped. No soft or hard fork can inflate my healthy living years to 1000. It's important to make each minute count.

[bitcoinminer42]

I’m not a believer until $11,200

You gotta think BIGGER than that.  $11,200 is cake... or easie peasie.

Let me see breaking above $12k before I begin to believe - It may take a day or two to get to $12k-ish, if we are going there, and then breaking above would be a decent sign of UP.

C'mon guys... do u rally believe the bear market is over? Just because we're on the edge of our channel?

Dreamers  (or even believers)

[HairyMaclairy]

A question running through my mind for the last few months:
For a society so used to a somewhat stable money value, what will be the effects of volatility in the masses?  What I mean is: Having something I believe is sovereign money, although volatile, continues to change my relationship to traditional paper money and bank digits (taking a back seat). When the masses come to accept this, I expect some drastic reality shift I can't quite imagine today.  Maybe it's not yet a question that can really be answered today. Maybe better,  How has your relationship to money changed since bitcoin?  Too serious?
  

My relationship with money has changed a lot. Almost every day, it occurs to me that so many worries and tears and toils are about - what - a btc cent? Ah, no, that's 1.5 cents. It doesn't change anything - all is relative, but in these occasions I feel like I'm living on another planet.

Perhaps more interestingly, now I see fiat money as funny color printed slips of paper that people give value to even if in some sense it isn't "real". It has no objectivity, for lack of a better word.

Or... no, wait a minute. We don't even get to see those slips of paper much anymore now, do we? More often that not, fiat money is a bunch of numbers in a giant database, much like bitcoin. Except, there are guys that have the master keys for some parts of this huge database, so they can edit, hack and play within a loose set of rules. No, I've got no such key unfortunately.

Also, bitcoin has taught me that my most precious resource is time. No matter how rich or lucky I am, my lifetime is capped. No soft or hard fork can inflate my healthy living years to 1000. It's important to make each minute count.

You need to find a good woman and fork her.

[HairyMaclairy]

I’m not a believer until $11,200

You gotta think BIGGER than that.  $11,200 is cake... or easie peasie.

Let me see breaking above $12k before I begin to believe - It may take a day or two to get to $12k-ish, if we are going there, and then breaking above would be a decent sign of UP.

C'mon guys... do u rally believe the bear market is over? Just because we're on the edge of our channel?

Dreamers  (or even believers)

So tell us darling - how do we know the bear market is over?