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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 43 (37.1%)
No - 73 (62.9%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496847 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. (158 posts by 14 users with 9 merit deleted.)
realr0ach
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#TheGoyimKnow


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June 14, 2018, 03:29:03 AM

Bob touting the merits of Lightning Network. Get ready for another leg down.

Seeing as how I have TERA2 on ignore, I dub thee, the new, "official" Bitcointalk Wall Observer "Debbie Downer"

So, why are you so down on Lightning, Debbie ?

Lightning network has always been garbage.  If these things didn't require putting all transactions in a common que, bitcoin would have already utilized parallel scaling in the first place.  Lightning network can only function as a completely centralized hub and spoke model for numerous reasons like liquidity and needing a common que to prevent attack.  Or to put it simply, if you're not using something like a longest chain as a focal point in an open join/leave system, it's always going to turn into a system of 'trusted' nodes.  

You don't get to just 'remove' the focal point.  A focal point is required.  If you remove the longest chain focal point, the new focal point becomes trust by default.  We are Walmart, trust our node because we're Walmart.  We at Walmart also only trust nodes run by Goldman Sachs.  Trust us both.  We also refuse to route any transactions to any other nodes.  None have proper liquidity to route anyway.

At the end of the day, these are all stupid and dysfunctional Rube Goldberg machines that are hyped by scammers.  It's 100% impossible to create a decentralized digital currency.  There is no reason whatsoever for any of this stuff to exist in comparison to silver and gold.
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cAPSLOCK
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June 14, 2018, 03:40:20 AM
Merited by BobLawblaw (1)

nice gear

Thank you sir... A previous life...
cAPSLOCK
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June 14, 2018, 03:41:53 AM

Bob touting the merits of Lightning Network. Get ready for another leg down.

If you have a Whole Foods (Amazon-whiteguilthippiefoodstore)  in your area you might procure yourself a bottle of the Don Simon Cabernet Sauvingnon.

It's currently ~ 0.0006 BTC.  You can afford it.





0.00016 in Barcelona

I don't drink that GARBAGE!  I drink " Don Simon *Selection*"

Ok, ok.... what about this Don Simon *PREMIUM*?



Btw, it looks like even mentioning drinking Don Simon was enough capitulation to deserve a little pump Smiley
God! Did I not do enough? Mention it not explicitly!
cAPSLOCK
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June 14, 2018, 03:45:40 AM

Meritorious^


Oh... and in case you think I am full of shit.  I am not.  Well.. I might should qualify that.  Here:



And for BBL:

That's a Toft ATB, SSL Converters, a Millennia Preamp (Avalon Shavalon, but it needs new tubes), a pile of handmade (I made 'em) Seventh circle preamps (circuits: neve 1073, API, Jensen twin servo), a pretty cool Aphex 207, and a dynaudio BM15a monitor.  Also some shitty "bitcoinisgoibngdown" wine.  And yes, I live in the town you live in. Wink  ((((but yes, your introversion and opsec will keep you from ever meeting me))))










YOU PEASANT!!! DON't DRINK from a Nutella glass!!! Cheesy Cheesy Cheesy




Is this some weird European joke? I don't get it, by the way why is no one talking about the rise right now? Is this shit not exciting? Too drunk already to see we revesered most of today's dump?

Only if Texas is in Europe.

I just want to go down as shitposting at the very bottom.

Please, Bitcoin Jesus?
mymenace
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Smile


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June 14, 2018, 04:20:04 AM


entry point from 5000/6000 for push to 19000 was always institutional investors


The game they played back down to 6000 (got caught out with some pump) back down again and now their last ditch effort to drop the price as low as possible for their friends

We the adopters can now dump on institutional investors


Huge


infofront
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June 14, 2018, 04:46:12 AM

Elwar
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June 14, 2018, 04:52:02 AM

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 Kiss
Anon136
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June 14, 2018, 05:20:21 AM

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 Kiss

We need to see >7000 for this to apply.
Elwar
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June 14, 2018, 05:49:29 AM

I will just leave this here:

https://www.youtube.com/watch?v=xdOt7UUAPiQ

 Kiss

We need to see >7000 for this to apply.

We already saw that it was a false breakout. It dipped below just enough time to wait for the big sell-off but people didn't bite.

Definitely bullish.
Karartma1
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June 14, 2018, 06:54:11 AM

I usually buy %10 of my monthly wage but sometimes more. I'd never measure the minimum though. Even I have 1$ I can buy BTC.

That never changed much for me.
Buying all the way up since 2014

I mean if you got Bitcoin right (i.e. you know its monetary policy, how new coins are created, how to store your funds...) what's the problem holding? I've always been here for the long run.

A piece of history for the Real r0ach, when he was talking about missing trains..... Wink

Well, six months ago 68% of the coins were already mined.  Why wasn't the price ~$340 back then? 

Didn't investor know then that, within six months, 70% of the coins would be mined?

Easy, because everyone wants to buy "at the bottom", so the bottom comes and sits there for an entire year while they look at the screen and say, "hmm seems pretty stable here, looks like the bottom is in, but I think i'll wait and see if there's a flash crash, then I'll buy some then".  Then the train starts to leave without them and they realize they're a fucking idiot.

That and shorters are good at keeping the price from moving...until they fail and lose everything:



JayJuanGee
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June 14, 2018, 07:16:12 AM

Looks like "they" really planned everything very well all over again.

So, in other words, "Next stop, Moon !" ?

Not sure. Last time I thought we won´t see 1200 ever again. This time I think we won´t see 20k ever again. Lets hope I´m wrong again  Grin


Personally, I think that the odds are greater than 50% that you are wrong again.
eth9888
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June 14, 2018, 07:30:50 AM


keep dreaming or... look at the graph upside down.
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June 14, 2018, 07:57:26 AM
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Summary of every recent bull chart.
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June 14, 2018, 08:00:12 AM

Summary of every recent bull chart.

Seems legit.
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June 14, 2018, 08:12:12 AM
Merited by jbreher (1), paxmao (1), BobLawblaw (1)

Cheap coins weeee just bought some more. Thank me for letting you know. No problem.

They said btc is backed by nothingness and here i am. I am backing it.  Grin

Or... am i nothing?

Phil_S
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June 14, 2018, 08:16:54 AM

$6144 two part betting game.

A) When will $6144 be broken on the way down.

B) When will $6144 be broken back on the way up.

June 8

for both

You were pretty close, jojo. Happened on June 13, for both.

OK, enough of that... Let's go back to $7000, shall we...
Majormax
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June 14, 2018, 08:29:12 AM


entry point from 5000/6000 for push to 19000 was always institutional investors


The game they played back down to 6000 (got caught out with some pump) back down again and now their last ditch effort to drop the price as low as possible for their friends

We the adopters can now dump on institutional investors



Thats similar to the way I see it, but my price points are a little different.

It is obvious that the peak of $19k coincided with the opening of CME and CBOT futures, very obvious even at the time.


In Sep 2017, Jamie Dimon made his famous, ham-fisted attack, and caused a brief blip to $2500, providing a solid floor. The price quickly rebounded to over $3000, and the Futures listings were announced soon after that. The run up from $3500 to $19000 took a mere 10 weeks, and that is the froth that needs to be cleared before a new bull phase has a chance to begin.


Those are the support levels I have quoted in my posts, and the faster the price gets there the better. Problem is it seems like its playing out into a long slow bear market, which at this rate, will take a year or two to bottom.

Majormax
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June 14, 2018, 08:35:38 AM

Good morning Bitcoinland.

Would you look at that... the price dips back to where it was yesterday and people are running around like chickens with their heads cut off calling for $3k.

Meanwhile we're well ahead of where we were in November, barely half a year ago... currently $6789USD/$88116CAD (Bitcoinaverage).

It wasn't much more than a year ago when gold ounce parity was the holy grail. Now a bitcoin is still worth over a quarter pound of the shiny stuff used to electroplate contacts.

Give your heads a shake.

They need to see the bigger picture  Smiley






Agree.  However, I think many posters are short term traders, and trying to guess the next few weeks moves (or even days).

windjc
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June 14, 2018, 08:39:51 AM


entry point from 5000/6000 for push to 19000 was always institutional investors


The game they played back down to 6000 (got caught out with some pump) back down again and now their last ditch effort to drop the price as low as possible for their friends

We the adopters can now dump on institutional investors



Thats similar to the way I see it, but my price points are a little different.

It is obvious that the peak of $19k coincided with the opening of CME and CBOT futures, very obvious even at the time.


In Sep 2017, Jamie Dimon made his famous, ham-fisted attack, and caused a brief blip to $2500, providing a solid floor. The price quickly rebounded to over $3000, and the Futures listings were announced soon after that. The run up from $3500 to $19000 took a mere 10 weeks, and that is the froth that needs to be cleared before a new bull phase has a chance to begin.


Those are the support levels I have quoted in my posts, and the faster the price gets there the better. Problem is it seems like its playing out into a long slow bear market, which at this rate, will take a year or two to bottom.



The log trend lines will hold above $4k.  Those have never broken.
Majormax
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June 14, 2018, 08:44:03 AM



The log trend lines will hold above $4k.  Those have never broken.


If the 4k were to break (decisively) , would that be a sell signal ?
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