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

[Toxic2040]

Modest gains followed by a possible buy the dip moment is approaching in a few weeks for all you knife catchers out there. #dyor

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[STT]

^^ Well I'll jump in that one with a theory at least.   The last uptrend from a bottom came with momentum backed by 50ma on 4hr bars and we just regained that.  (it was overhead since we turned back down)  So I'll venture momentum is there so long as we stay above this 'thin blue line' at least long enough not to trip up like an awkward skipping rope fail.   
I write seeing its on the line and I could be disproved shortly after but it was fairly reliable previously.    200 DMA is still overhead and more reliable overall, flattening but not negative

[JayJuanGee]

ChartBuddy was a causality of the HardForkers Civil War on Bitcoin ... they didn't even have the decency to give him a proper burial but instead drag his corpse around on display on various forums like the relics of a martyr or something.

Hahahahaha

Yeah... ChartBuddy was used as a propaganda piece, attempting to falsely assert "the real bitcoin."  So far, didn't seem to work.

[degxtra1]

Any chance to get link for high res of this image?
would like to print it for my cousin 10 years old who just learning how to trade bitcoin
thanks

[JayJuanGee]

Actually, I appreciate the way this new poll is more specific regarding the "ATH for the 17th"  The only suggestion that I would make deals with clarifying the referenced timezone.  Are we talking about UTC?  0r some other timezone?

[STT]

Do the Bartman ?      This cartoon 'kid' is like 30 years old by now



Seriously what does this formation relate to, the transition from west/europe over to Asia and back again ?   Reminds me of a phase change on a transformer or something.


A trader told me BCH is bullish medium term apparently, set to do well.  I thought that was mostly previous due to the fork and speculation on that, any reason for more demand on it recently?

[TERA2]

I am astonished by the stubbornnes of Jihan Wu. Yesterday he and his sockpuppets pumped bcash 10% with the hope for better mining rewards. For several hours they got it, but after a small percentages of miners switched to bcash, the difficulty rose and again their reward is equal to that of mining Bitcoin. How many attempts he needs, to understand that if Bitcoin is not rising there is NO way bcash should be more profitable. In 1.5 days is the next Bitcoin mining adjustment. A new 12% increase in difficulty is expected (https://diff.cryptothis.com/), which means more than 0.6$ loss for an s9 (daily revenue dropping from 6.2 to 5.6$ at the current price). With that pace in 2-3 monts the revenue will drop to 2-3$, not to mention the expenses for electricity and rent, which vary from 1.7$ and 4$. I've been through this situation many times mining eth, zec, etc. Each period, when the mining profit drops to cents, is followed by a period of an extreme increase of the price. The explanation is clear - the miners enter a hibernation state of holding (i.e. not selling everything they mine with a currently small profit). If the rigs are on a loss, they just stop them untill the next increase. Conclusion: The so called 'bear' period is at its end. I expect 2x-4x increase of the price in the coming 6 months/1 year.

This fantasy world where mining still has any significant impact on prices...

[infofront]

Bitcoin, Futures, and the Ghost of Gold A forecast for bitcoin if it follows the post-futures cycle of gold.

[OWZ1337]

https://gitlab.com/bitcoin

 

/\BTC∇ ===> exodus to gitlab!!


https://www.wsj.com/articles/microsofts-github-deal-is-a-clean-break-from-its-past-1528139079

[infofront]

LINUX TOVALDIS MUST BE ROLDING IN HIS GRAVY!

[realr0ach]

"They came for the price. Make them stay for the principles."

I.e., help educate them.

In my country we have problem, and that problem is the Torque.  He put all your money in bitcoin, and then it goes to zero.

[Syke]

I've been using BitBucket, but GitLab looks promising too.

[infofront]

I think the Microsoft github angst is overblown.

[aaroque2003]

I think the Microsoft github angst is overblown.

I'm much more cynical. I've seen what happens when smaller left-coast companies get bought up by bigger left-coast fish, and shit turns retarded real fast (within two years).

Fuck... I retired early because I just couldn't fucking stand it anymore...

INDEED... so sad to see that happens... wow... 

[jojo69]

back to TortoiseSVN I guess

fuck the cloud anyway

[savetherainforest]

Any chance to get link for high res of this image?
would like to print it for my cousin 10 years old who just learning how to trade bitcoin
thanks

[realr0ach]

https://archive.is/d8OIC text of The Bitcoin Standard by Saifedean Ammous @saifedean

This book is a very good read (scan is minus charts and links.) First half is devoted to the history of money and some economic theory, e.g. explains why silver will never be a good investment

Dumbest thing I've ever heard and of course it's quoted by serial liar/Trilemma shill Last of the v8s.  Let me explain to you scamming children for the 500th time before you try to scam someone else.  Transaction validators in all craptocurrencies are designed to completely centralize, therefore their fundamentals are zero.  You scamming, lying children then go onto claim something with no fundamentals at all is supposedly better than the only form of sound money that exists on the planet - physical commodity currency.

Now that we've gotten it out of the way that shitcoins do not have any fundamentals whatsoever besides people attempting to perform regulatory arbitrage - which is only a temporary phenomenon that will be clamped down upon by govt because it's extremely easy to do so when transaction validators are designed to centralize - we can discuss the next problem with your scam.  

In fights such as Betamax vs VHS, the better product actually lost.  So even if you pretend shitcoins have the best fundamentals (they don't - they have zero fundamentals), it doesn't even mean they would win.  Shitcoins are nothing but greater fool pump and dumps, and if you cannot con the rest of the planet into buying your scam, you're shit out of luck.  And you're not going to succeed because the 'bitcoin as a virus model' is true.  The majority of the planet is simply immune to Andreas Antonopolous lies and will always refuse them.  You cannot infect (scam) them.

As for actual real money, physical commodity money - the only real type of money that exists - I do not need to create propaganda to prevent it's value from collapsing to zero like shitcoiners do.  With physical commodity currency like silver you can hoard it and demand ransom in order to release it, and people will pay it, because they need it and have no choice.  For shitcoins on the other hand, you can hoard every single one of those useless, imaginary, 21 million tokens and I get to completely ignore you and don't even have to acknowledge you exist.  That's economic facts, unlike your fake "economic theory".

[savetherainforest]

Did I win?

I see some noobs are good at drawing...

[realr0ach]

I think the Microsoft github angst is overblown.

I'm much more cynical. I've seen what happens when smaller left-coast companies get bought up by bigger left-coast fish, and shit turns retarded real fast (within two years).

Fuck... I retired early because I just couldn't fucking stand it anymore...

Black bob - 1
Infofront  - 0

Argument mediated by The Daily Stormer:

https://dailystormer.name/microsoft-just-bought-github/

[marcus_of_augustus]

Do the Bartman ?      This cartoon 'kid' is like 30 years old by now

Seriously what does this formation relate to, the transition from west/europe over to Asia and back again ?   Reminds me of a phase change on a transformer or something.

A trader told me BCH is bullish medium term apparently, set to do well.  I thought that was mostly previous due to the fork and speculation on that, any reason for more demand on it recently?

It's just some big players moving funds around the globe for arbitrage. Think of it like the heart-beat of cross-border financial transactions bitcoin is performing. Buy 1m in HK, Sell in NY, Buy 2mm in Zurich, Sell in Singapore ... etc, etc. Bitcoin is working.