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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 27 (20%)
1-10% - 18 (13.3%)
11-20% - 15 (11.1%)
21-30% - 19 (14.1%)
31-40% - 7 (5.2%)
41-50% - 14 (10.4%)
51-60% - 9 (6.7%)
61-70% - 6 (4.4%)
71-80% - 4 (3%)
81-90% - 2 (1.5%)
91-99% - 3 (2.2%)
100% - 11 (8.1%)
Total Voters: 135

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21793175 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. (148 posts by 37 users deleted.)
JayJuanGee
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April 28, 2018, 01:06:51 AM



I'm thinking that we may break above $9k, Debbie Bera.... WhatchUthink?

Vegeta?

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JayJuanGee
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April 28, 2018, 01:52:22 AM


edited out


JJG I do believe your response was quite philosophical in places  Grin Thanks for taking the time to type that out though. Over our months of back and forth I've developed much more respect for your opinions *  Cheers


edit
* Not that I agree with them all but anyway. 

Anyhoo heading out soon, so won't go into debate mode now

Well, there is always going to be some framework from which to work, so if you believe that it might be helpful to go over areas of presumption, then perhaps that could be helpful - although we could be repeating BIG BLOCKER arguments.  From your various posts, I do think that you give a lot more benefit of the doubt to the various BIG BLOCKER arguments and their framework than I do.

I tend to be really dismissive of various BIG BLOCKER framework and arguments because I think that they tend to be misleading in their tendency to create false comparisons and even to presume facts that are not in evidence - for example, BIG BLOCKERS have tended to spend so much time arguing the logic of increasing transaction times and fees - but they were also involved in SPAM attacks to attempt to create the facts that they claim existed to cause emergency needs to take action. 

Furthermore, BIG BLOCKERs seem to suggest that there is some necessity that the status quo of bitcoin needs to be defended, when in fact if they are proposing facts or logic, then they are the ones that need to provide evidence and logic for their position to change the status quo.  On a related note, their inability to get reception for their nonsense positions in terms of submitting BIPS and even perhaps their laziness in attempting to work within the bitcoin governance process seems to cause them to strive towards working outside the bitcoin system and to engage in attacks, threats and coercion in order to attempt to get their way, rather than really trying to get their proposed changes adopted through already existing bitcoin governance procedures.  They just ignore those governance procedures because they want to change (or sabotage the bitcoin procedures) or they have other get rich quick pumping of other personalized project agendas.


You seem keen to categorise me. Before you put me in big blocker category know this.

I am only responding to your substance, so if you are posting to promote other coins or to denigrate bitcoin or to engage in comparison and contrasting of bitcoin, then it causes me to conclude that you do not understand bitcoin very well and you are lumping all cryptos together as if bitcoin is not meaningfully distinguishable in the scheme of things.

I always ran a full bitcoin node.

How does running a full bitcoin node cause you to understand how bitcoin is distinguishable from other coins?

It was a hassle synching the  blockchain to get up to date when I wanted to do any transactions but I did it. I liked to have a feel for how big the blockchain was getting. How hard to synchronise.

Great.. then it means that you were attempting to understand, perhaps, or maybe you got bogged down in technicals?


Over the years that I did this I was very aware of how much effort it took to run a full node and a sense of feeling its growth. I always thought that when a full node became too unwieldy for me that would be my signal to exit bitcoin. Recently my copy of the blockchain became corrupted. I spent a few days trying to repair/ resync and in the end gave up. I no longer run a full node. Who cares?

Yes.  that is a discretionary option.  Surely not a bad idea to run a node, if you can manage it, but if you cannot then maybe better to leave those activities to others.

I'm still with bitcoin but not running a full node anymore. But the point is even small blocks are too big. When you look at the constantly, endlessly growing blockchain.  

O.k.. so you personally and experientially understand the advantages of small blocks... Great.

When I redeemed my bcash I didn't even consider a full node. With blocks that size! Who runs a full bcash wallet? anyone ?

We likely already know the answer to this - and Bcash is likely largely smoke-n-mirrors.  No one is using it and no one is mining it.


With regards to block size I am not big blocker but small blocker. But if its on chain or off chain, I choose on chain. This puts me between a rock and a hard place. I  don't like big blocks and I don't like second layer. But maybe now you get a sense why I can be hedged with bitcoin and bcash. In the end I admit I don't know which will be best.  

Yes, it sounds like you are lost to not recognize that bcash is a largely centralized scam.  So, I suppose, you can tag along with bcash and help to perpetuate bcash to drag along (and live) longer than it should?

In Dash master nodes have incentive to scale, so the network will remain big and distributed. The node will have to keep up or miss out. It has incentive to scale.  So at least there is that.

Isn't dash a BIG ass quasi-centralized scam, too?  Whatever... who gives a shit about those various other quasi-centralized pump and dump shit coins that are imitating bitcoin while inadequately claiming that they are improving bitcoin... they can all fuck off, no?  Even though it may take 20 years or more for the various "competition" schemes to play out their courses?
Ibian
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April 28, 2018, 01:53:52 AM

^ooh nice and steady yeah^




Halong: let's get these miners the fuck on their way to their new owners

LOL...if these are the BTC miners..they STILL are not out yet? SHEESH...

KINDA missed that middle of March 2018 deadline huh?


https://halongmining.com/blog/2018/04/24/dragonmint-t1-manufacturing-update/
seems to be an 'April batch' with a tiny bit of May. idk any more.
~
meanwhile, lamboat is a thing. idk any more
https://blog.dupontregistry.com/for-sale/lamborghini-aventador-sv-matching-speed-boat/

...my 5k boat looks WAY better than that.
JayJuanGee
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April 28, 2018, 02:06:54 AM

The H&S pattern has been completed. I hope that the rally to 10k is inbound already.

Keep your eyes open lads!

I see the h&s on the 24 hour but that looks bad? Is there another one on a larger timescale?

No, you're right, it's bad for the short term (next 6 hours), but I *think* it might allow buyers to charge in from lower prices and hit somewhere in between 9,3-10k during this weekend. As always, just a guess though


Thanks for narrowing down the price range for us, Kyle...   Wink Wink   

Should be somewhere between $3k and $10k, unless it goes above $10k, then the price is going to be above $10k?  That helps.
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April 28, 2018, 02:34:04 AM

still ambulatory

tool operation not recommended
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April 28, 2018, 02:54:42 AM
Merited by BobLawblaw (1)

We are neither rich, nor poor, yet.

HODL on.

Ah yes, that ambiguous grey zone between $1k per BTC and $1 million per BTC.
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Clueless!


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April 28, 2018, 02:56:51 AM

We are neither rich, nor poor, yet.

HODL on.

Ah yes, that ambiguous grey zone between $1k per BTC and $1 million per BTC.


My concerns are now put to rest...that pretty much nails it!
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April 28, 2018, 03:44:22 AM

good man
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April 28, 2018, 03:55:23 AM

Just got this email from Bitstamp. They want me to label my incoming transfers as "INVESTMENT"
This will likely classify your crypto purchases for tax collection agencies.  Maybe I'm just overthinking it?

Dear Icygreen,

please follow this quick tip, to get the best possible Bitstamp experience:

When sending a deposit to Bitstamp from your bank, please write your deposit reference number and the words "investment deposit" as the remittance / transfer information.

Therefore, the transfer message should look like this: 123456789012 investment deposit

snipped.

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April 28, 2018, 04:11:48 AM
Merited by Icygreen (1)

I got the same message. If it helps protect their fiat onramp, I’m ok with it.  Investment suggests long term holding rather than trading so it’s not disadvantageous from a tax perspective.  It’s actually a really good idea.
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April 28, 2018, 04:42:31 AM

I got the same message. If it helps protect their fiat onramp, I’m ok with it.  Investment suggests long term holding rather than trading so it’s not disadvantageous from a tax perspective.  It’s actually a really good idea.

At least bitstamp has a bank. Bitfinex was struggling to do business with the banks for a while.
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April 28, 2018, 04:45:40 AM

One of the banks that I have used wasn’t sure whether Slovenia was an actual country.  It wasn’t on their system so they had to use paper forms for wires...   I stopped using them after it took an hour in person at the branch to send a wire.
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April 28, 2018, 04:57:39 AM

One of the banks that I have used wasn’t sure whether Slovenia was an actual country.  It wasn’t on their system so they had to use paper forms for wires...   I stopped using them after it took an hour in person at the branch to send a wire.

Did bitstamp ever send a wire deposit to that bank account? Did the bank ever refuse to accept it as it considered Slovenia a non-existent country?
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April 28, 2018, 05:17:18 AM

I'll be holding and even buying more till the next halvening at least. I was making purchases with %10 of my monthly income and starting from last month I increased it to %100. I'll be throwing every bit I get from my work to Bitcoin for the next 2 years. (Not touching the papers in the bank already unless bitcoin goes below $3k) Max Keiser who has been holding since $3, says it won't stop till It breaks $100k. I'll take that bet.
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April 28, 2018, 05:22:28 AM
Merited by xhomerx10 (1)

We are neither rich, nor poor, yet.

HODL on.

I'm holding until the end of 2019. Maybe then...

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April 28, 2018, 05:29:37 AM

One of the banks that I have used wasn’t sure whether Slovenia was an actual country.  It wasn’t on their system so they had to use paper forms for wires...   I stopped using them after it took an hour in person at the branch to send a wire.

Did bitstamp ever send a wire deposit to that bank account? Did the bank ever refuse to accept it as it considered Slovenia a non-existent country?

Bitstamp is an entry point not an exit point for me so have not had to deal with that!
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April 28, 2018, 05:34:08 AM
Merited by oblox (1)

I'll be holding and even buying more till the next halvening at least. I was making purchases with %10 of my monthly income and starting from last month I increased it to %100. I'll be throwing every bit I get from my work to Bitcoin for the next 2 years. (Not touching the papers in the bank already unless bitcoin goes below $3k) Max Keiser who has been holding since $3, says it won't stop till It breaks $100k. I'll take that bet.



JayJuanGee
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April 28, 2018, 05:40:11 AM

We are neither rich, nor poor, yet.

HODL on.

I'm holding until the end of 2019. Maybe then...



Halfening is 2020 - and there may be a bit of a delay in the upwards BTC price pressures that come from the halfening dynamics....

So probably better for folks to have plans of HODL their BTC (and accumulate) at least until the end of 2020 and perhaps into 2021 - of course, halfening pump of BTC price could get priced into bitcoin before the actual halfening date (which will likely be early 2020), so that early pump might be a factor to watch. 

Furthermore, looking at your seemingly linear chart (your cute straight line), even though retrospectively you might be able to draw a straight line in terms of bitcoin price movement, it is not really easy to project a straight-line for future BTC price performance... so in that regard, actual BTC price performance can go way below the line or way above the line, even while the line might be amongst the most reasonable of floor scenarios (BTC does not tend to be reasonable).
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April 28, 2018, 06:30:24 AM

Yeah, no straight lines in this racket.

It kinda feels that 2018 might be a quiet year.

But after that, 2019 might be another "year of bitcoin", just like 2017.
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April 28, 2018, 06:42:57 AM

I don’t think this is going to be a quiet year like 2014. There’s just too much going on underneath the surface. Binance signed an MOU with the government of  Bermuda in the last 24 hours. And that’s just one example.
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