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

[mymenace]

Wtf. If you are even 1% of what you say how good you are, code it, make a pull request.

Not Even Wrong.

How could making a pull request to alter the Core code base have any impact whatsoever on the point I am making here.

The 0.5.4 real Bitcoin code base does not need any pull requests. It is already perfected.

Perfected

what will be used for fast payment issue

[Elwar]

These single large pumps are not good indicators of a turnaround. High volume rise over the course of a day would do it. Not a single jump.

Bitcoin is still under $10k 

There seem to be a lot of ways in which a trend can reverse.. one of them does involve getting some kind of BIG up candle, but sometimes we get trickle too...

Many of us should realize that it can be quite difficult to recognize or figure out a reversal... remember late 2015 and early 2016 - even into early 2017.  In October/November 2015 there was a pump from upper $200s to $500, and then a recovery and then nearly a six month question about whether BTC prices were going to go above $500.  Such $500 price point was again challenged after the August 2016 Bitfinex crash, and thereafter $800 was questioned (including considerations of returning to $500) in February/March 2017 which seemed to revolve around whether various alt coins were a threat towards BTC's dominance and questions about whether BTC scaling was going to resolve...

Personally, I even had my own doubts about when that 2013/2014 trend had reverted into a bull market, and I found the May 2016 push above $500 to be a pretty strongly convincing sign.. in spite of the subsequent FUD spreading and questioning of the strength of BTC and the then upwards BTC price momentum. 

In our current BTC market situation, getting above $10k and staying above $10k might be our new $500 threshold point that needs to be be breached before a certain level of largely unambiguous confidence is achieved (regarding reversal and resumption of the bull market).

I believe the reversal was when we had like 2 months of relative stability in the price. We were less volatile than the Brazilian Real and for a moment we were even more stable than the British Pound. That's a good solid bottom to form the base of the cup for a cup and handle rise.

[realr0ach]

How unpredictable!  The scamming owners of Bitfinex once again trying to artificially prop up the price.

[fragout]

300 dollars will be erased by tomorrow morning, it's not indicative of anything, we've seen this shit so many times.

This is why bitfinex created tether so they can print money out of thin air to create this fictitious sense of euphoria to those who think they are actually going to get a bounce back up so soon.

The entire 2017 bull run was:
>Tether prints money out of thin air
>Uses it to buy Bitcoin
>Bitcoin goes up due to fomo
>Tether sells Bitcoin for real USD
>Now they have $2 billion
>See how tether is backed 1:1 by USD?

And you wonder why the executive from the US left?

Nothing more then a delay in the knee jerk reaction from volume being to low and needing a pep up in price before a national hoilday to keep the masses happy.

From twitter poster https://twitter.com/altcointhoreau/status/1010512351810945027

Tether $3billion now USDT and lets not forget the new EURT which got its first 50 million recently.
How is it that during this latest bear market , it seems no one cashed out Tether for USD? With all the scare stories going on about Tether over the last 6 months, you would think any large holders or exchanges would convert their Tether back to USD???

[windjc]

Whatever happened to “professor” stolfi? Did he run away when the bull market gained speed?

If so, did anyone call him out on his chickenshitness?

[TERA2]

I made some recent updates to my Bitcoin Analysis Thread using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators:

https://bitcointalk.org/index.php?topic=4466954.msg41196280#msg41196280

This was an older chart in that thread before our dip down completed:

-snip-

This is what it looks like now:

Of course your 'analysis' includes an imminent arrow up all the way above ATH. How could I not guess that? Why do you even bother drawing a chart at all?

[windjc]

I made some recent updates to my Bitcoin Analysis Thread using Wyckoff Method in conjunction with Godmode and Stochastic RSI indicators:

https://bitcointalk.org/index.php?topic=4466954.msg41196280#msg41196280

This was an older chart in that thread before our dip down completed:

-snip-

This is what it looks like now:

Of course your 'analysis' includes an imminent arrow up all the way above ATH. How could I not guess that? Why do you even bother drawing a chart at all?

I like how his arrow is preceded by “BULBs”.

[windjc]

I like how his arrow is preceded by “BULBs”.

 

For those wondering what this Accumulation Schematic implies:

Interesting. Where did you get that?

[hv_]

Here we go again.If you want to be significant, make a pull request and not make your self another clown in here. I can smell your stink. You need glade too?

WTF does a pull request have to do with:

Correct! And that is real Bitcoin, not this Core scam altcoin shit. Again I have no objection to Core making a fork of Bitcoin or even a soft fork as they have done, but the scam part is they do not disclose the true security risks and just herd the n00bs into default wallet settings wherein the n00bs think they are hodling real Bitcoin but they are instead hodling a soft fork altcoin that can in the future be hardforked off of the real Bitcoin.

If you are going to be a bcash lol shill, at least be entertaining.  

Are you readers so fucking deluded that you cannot see I have linked to the real Bitcoin which is version 0.5.4 of Satoshi’s protocol and I have stated now for the 6th time in this thread that I do not advocate big blocks nor any scammers who attempt to change (the game theory of) Satoshi's protocol and pretend it is real Bitcoin. That includes all the scammers, such as Roger Ver, Core, etc..

Altcoins are fractional reserves of real Bitcoin. Remember Gresham’s law. Altcoins will circulate, real Bitcoin will not.

Please explain how the bitcoin code base forked at 0.5.4 and who has been mining it

For the last time, the link for the detailed discussion is here. Those who care about not losing their real Bitcoin will expend the effort to read. Those who don’t, won’t. And that is the way it should be.

SegWit is a soft fork. All miners have continued mining 0.5.4 (at least until a Satoshi miner will take some SegWit donations then we will see which miners mine which hardfork as Core will be forced to hardfork off at that juncture). Read the detailed discussion to become informed. I will not spam this thread by recapitulating all those details in this thread.

May I STFU now without being incorrectly maligned?

Most ppl are running after ideals either posted in textbooks or casted from a real world down to a lower dimensional surface, because no brain ever would be capable of analyzing real world perfectly correct.

So in our real world we are damned to create and  run after poor approaches to some ideals.
Our best approach is constantly creating, understanding, fixing, analysis, creating... at best in an open bootstrapping process to let Banach Fixpoint be found automatically, if existing (and we might have some local, wtf).

We have now BTC and BCH as two such major but dynamic approaches, and we might see others coming up, but that's unlikely IMO.

Nobody should be married with a single solution but always rethinking if one ore another approach is doing better and apply own PoW making it better.

Finally, if you want to do real good analysis of Bitcoin and it's embeddings, you need to do shitty complex stochastic process modeling in an open economic and financial network system , feel free of pointing me to such works, I m highly interested!

Even these works will undergo discussions and disputes ( complex stuff, university fighting) so I d not expect any final conclusion for the world accepted as truth soon.

For the time being, build stuff that works and prove things by simple bootstrapping, then Netscape and Altavista will be replaced by better solutions...

[Speculatoross]

Here's the best cryptocurrencies ranked
(best list ever)

15- You
14- can't
13- rank
12- them
11- because
10- they are
9- all
8- mostly
7- trash
6- with
5- no
4- real
3- value
2- proposition
1- Bitcoin



(found on twitter)

[Last of the V8s]

^sauce?

edit: aha

[Makkara]

[El duderino_]

my new bottom call

2250

[hv_]

Hint, the bootstrapping happens rather here

https://www.reddit.com/r/btc/comments/8uw8gz/dell_steam_reddit_stripe_circle_microsoft_fiverr/

[Spaceman_Spiff_Original]

the JJG overcomer has appeared

the prophecy has been fulfilled

woe and pestilence is upon the land

I lolled hard  .

[El duderino_]

These single large pumps are not good indicators of a turnaround. High volume rise over the course of a day would do it. Not a single jump.


Bitcoin is still under $10k 

Still 37k in my head already

*raises hand*   Ooooh did I win your game ?

 

[El duderino_]

[Last of the V8s]

Hint, the bootstrapping happens rather here

https://www.reddit.com/r/btc/comments/8uw8gz/dell_steam_reddit_stripe_circle_microsoft_fiverr/

This detracts from your previous post, which was not bad, considering.

[Last of the V8s]

[JayJuanGee]

We are still poor anyway.

I don't believe you.

If BTC prices correct an additional 50% or 75% from here, and then carry out a bottom from there, in a $3k or lower price arena, even then, are we really poor?  We have our money in Bitcoin, right?  

Sure, there is a really horrible crash to zero scenario or something close to zero (like a BTC price of less than $100) (scenario zero) that seems really low probability to happen, and a more probable bad scenario (and the more likely worst case scenario) is a 50% to 70% correction from here (scenario one)... which would end up being a 2014/2015 like correction that drags out for 1-2 more years from here.  

The better correction scenario  (scenario two) still CANNOT be ruled out.. which would be assessing the bottom of this particular correction is largely already "in", which would still be something less than a given, and even result in several more months of flat and/or struggling to get UP from here.

Between scenario two and scenario one, there may be around 50/50 odds, at this time, but in neither of those scenarios would I feel poor... If scenario zero ends up playing out, then there would develop a decent amount of feeling of poorness from me, but what are the odds of a scenario zero happening?  It must be less than 1%, no?  

I will keep repeating we are still poor until we reach a new ATH... Then I will ask if we are rich again.

Bear with it

Fair enough.... we each have our personality quirks.