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

[Robin,Hood]

Bearish:
......................

By the way what is Peter Todd rambling about?? Increasing the btc supply??

Any link to it?
Its stuff like this i'm glad alternative like bch exist. Or another fork incoming the limited edition and the unlimited one.
One thing you dont do is change rules midway through game. Dont fix something not broken.

That post by Todd is indeed slightly concerning
But considering bcash as a serious alternative is overracting.

Overracting no, what he says Monero and Dogecoin is the perfect coin with a fixed unlimited supply. The world move in mysterious ways.
Edit:
After May 2022 Monero changes to 0.3 XMR/min, miner reward forever and Dogecoin has already the 10000 fixed block reward since Feb 2015 forever

[TERA2]

I still can't stop thinking how hilarious it was the bulls called the bottom and popped champagne on this candle.

[wayna]

Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic) 

Confirmed. Bottom is being held up.




Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough.

We are really in the bottom indeed! i like what's on the inner side loool  XD. really looking forward to see Bitcoin back again at it's 10k mark atleast.

That's interesting... I mean not only the image

How would you say that we have already reached the bottom?

Just look at the picture. No, really, after staring at it for a while, you will understand we have surely found THE bottom.

The more I look, the more I understand   

[El duderino_]

Yeah, well that's just like your opinion, man.

love the lebowski shit.... gotta finish my tattoo quickly , gonna see the movie one of these days again been to long already 

[vroom]

Yeah, well that's just like your opinion, man.

love the lebowski shit.... gotta finish my tattoo quickly , gonna see the movie one of these days again been to long already 

big lebowski is also one of my favorite movies and it has so many scenes we can use for bitcoin memes.

the dude with his head in the toilet would be a good bottom meme.

the mexican bowling jesus could be a bcash shill.

and the list goes on..

[El duderino_]

I still can't stop thinking how hilarious it was the bulls called the bottom and popped champagne on this candle.

why hilarious ?? real BULLS and LONGTERM hodlers are just poppin champagne whenever they want , we are just all sitting back relaxing and be a part of the whole ride BTC is taking .....  

[El duderino_]

Yeah, well that's just like your opinion, man.

love the lebowski shit.... gotta finish my tattoo quickly , gonna see the movie one of these days again been to long already 

big lebowski is also one of my favorite movies and it has so many scenes we can use for bitcoin memes.

the dude with his head in the toilet would be a good bottom meme.

the mexican bowling jesus could be a bcash shill.

and the list goes on..

LOL had made this one few days back 

[vroom]

big lebowski is also one of my favorite movies and it has so many scenes we can use for bitcoin memes.

the dude with his head in the toilet would be a good bottom meme.

the mexican bowling jesus could be a bcash shill.

and the list goes on..

LOL had made this one few days back 

nice one

[regent4]

60 minute
https://i.imgur.com/p7oPHB8.png

daily
https://i.imgur.com/YdZe8kL.png

analysis here

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-21st-june-2018.html

[Last of the V8s]

blahhttps://i.imgur.com/CRBVfs6.png[/img]

I still can't stop thinking how hilarious it was the bulls called the bottom and popped champagne on this candle.

why hilarious ?? real BULLS and LONGTERM hodlers are just poppin champagne whenever they want , we are just all sitting back relaxing and be a part of the whole ride BTC is taking .....  

[Last of the V8s]

https://tucsky.github.io/SignificantTrades/#

turn the sound on etc.

[wh1rlw1nd]

60 minute

daily

analysis here

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-21st-june-2018.html

how can it be an analysis? a lot of lines, questions after each sentence? analysis is a sum of facts on recent data, not questions.
please, reconsider yourself or significantly upgrade your analysis, thanx.



as for me all i can see only barts, even double barts. was there ever triple bart patterns? too many of them..

[Last of the V8s]

meh documented on twitter. see also trilema.com and even youtube

anyway, other well-documented attackers include Barry Silbert (New York Agreement) and Vitalik Buterin (Ethereum)

nation state attackers not yet well documented

[Last of the V8s]

here we see the effects of: too much sideways price action, not enough bitcoin drama and too much marijuana on the young bitcoiners' brains


https://i.imgur.com/bdRRH2S.png

https://medium.com/@coop__soup/00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a-cd4b67d446be

[ivomm]

Tera what would you use as an indicator to renter the market?  Or do you stay cashed out and rely on trading the remainder?

If I was to re-enter, I would re-enter when I see the train is clearly leaving the station (I dont need to pick the very bottom). In 2013 I reentered at $140 after the Silk Road bounce. In 2016 I didnt reenter because I had spent all the money I had cashed out in 2014 already. 0 Will I reenter anything I cashed out now? I'm not sure. Im already pretty satisfied with what I've left in already. I no longer need to be all in, plus there will probably be trades to make.

Altcoin trading and wierd miraculous 2 hour blocks of daytrading has saved my ass and kept me in the game all this time. I'm not sure how well my strategies will work for a conservative btc/usd investor without an x factor. But occasionally taking some money off the table is always a good idea.

Let me sum up: Terra222 enters at 0.06$ and sells at 0.07$. Later reenters at 0.6$ and sells at 0.7$. A typical hodler: buys with significant part of his savings say at  0.06$ and continues to buy on every dip. Hodlers don't care if the drop will be 40% or 80%. The only thing is to be patient and not too smart to think that you can predict the dips. Everyone can do the math: from 0.06 to 6000$ is 100 000 times! It is so funny to think how much the 'clever' traders have lost  

[realr0ach]

Bitcoin core related people finally talking about what me and Anonymint said years ago:



Eth is completely worthless non-sharded, and unworkable sharded, but then again, completely centralized bitcoin is worthless too.

#inphysicalsilverwetrust

#thegoyimknow

[Torque]

[realr0ach]

In math news:

https://dailystormer.name/kike-math-teacher-promotes-social-justice-mathematics-to-brainwash-kids-into-communism/

And in Korea:

https://dailystormer.name/based-koreans-stand-up-against-judeo-globo-homo-plans-to-islamify-their-country/

[TERA2]

You're missing the point. It's not about their long term bullishness but about them attempting to do a bogus short term TA on a short term candle that is hilariously wrong. They should just stay away from charts and TA and stick with their 'long term' stance.

[realr0ach]

This is not really true:

What other "global reserve currency" can you name that only circulates amongst people running specialised hardware?  There isn't one.

Gold and US Treasuries.

I hope you wake up and smell the coffee.

Gold, silver, and copper typically always have some degree of interchangeability in monetary systems, and while mining gold by hand can take a while if you're not lucky, people still do it all the time.  And the fact copper is interchangeable and located ALL OVER the place, even less scarce than lead, means it's virtually impossible to corner the copper market or force some type of monopoly over it.  Copper acts as sort of an altcoin you mine to get to gold and silver, kind of like how people mine altcoins then dump them for BTC.  You can find videos on youtube of amateur smiths mining copper in their back yard and forging copper swords with it.

Since copper actually has some type of intrinsic value and is used all over the place while shitcoins aren't, they can then exchange the copper for some silver, gold, or something else.  The big difference in this comparison is that it's obviously not sustainable to keep creating infinite altcoins and constantly changing the algo on them to stop ASICs in order to prevent BTC from being a closed entropy system. It also completely erodes any form of Schelling point for BTC at the same time by the sheer existence of these things.

Furthermore, if I hand you a silver coin, that coin does NOT carry the expensive burden of storing all transaction history of the United States, Philippines, and China.  If more than one coin exists (which it would if craptocurrency doesn't die), they would likely also evolve into segregated, regional coins to combat that issue:  Chinacoin, US Coin, etc, whose value all reflects their GDP...so basically a bunch of police state coins run by the govt.  This leaves the only real valid application of bitcoin as something like a replacement for the SDR in international trade and not something really used in regional trade.  But the BIS and IMF will just "print" their own craptocurrency while ignoring bitcoin.