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

[Rosewater Foundation]

In old skool degenerate news, Variety Jones has been extradited to the US.
https://www.deepdotweb.com/2018/06/30/suspected-silk-road-right-hand-man-extradited-to-the-us/

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[JayJuanGee]

Thanks, infofront, for deleting my previous comment in this thread.  You OBVIOUSLY noticed I've began deleting my own posts in this thread.  Too many damn trolls in here who don't appreciate good analysis.

Feel free to delete more.  I'm slowly going through all of my posts to delete ANY posts I've made in this thread.  It's not worthy of my time and effort.

No problem. It's not good practice to go around promoting your own thread and tradingview site, while being a dick to people asking questions.

Well, that's too bad. While I am skeptical about TA's applicability to Bitcoin (at least at this early adopter stage), at least dmwardjr was always on-topic and very sharing with unique information.

His exit lowers the level of discourse.

I agree. I deleted the one promotional post he left behind during his effort to purge all of his posts.

This was harsh, but not a deleteable offense (he took care of that):

Seems like another one of those temper tantrum / rage quit scenarios of "I'm taking my marbles and going home."  hahahaha

[vphasitha01]

Monthly close is bear, daily is neutral, but more bear dominant, now waiting for weekly.

New daily pivots are:

Main pivot -6642
R1 - 7530 
S1 - 5500

[thejaytiesto]

post

At what point would you consider the segwit attack scenario expired? or it will be a constant realistic threat forever? What if it doesn't happen in 2019.. 2020.. 2025. At what point would you assume it doesn't happen (if ever)

The way I see it is, if you believe segwit is safe, then you have a bet opened against MP and co, anyone with power that doesn't like segwit basically, and this includes Jihan btw. On a long enough timeline if these forces collude you could lose that bet and then you are fucked, meanwhile if one holds 1coins then your btc is safe, and if Core ends up winning your btc is also safe. This gives you an incentive to keep coins in 1addresses already. Also if you need to "convince people to keep money in segwit addresses" for segwit to be safe it just shows it can't be safe, it's actually insane if that's the case. I dont know the technical details on this but i've kept my coins in 1addresses since segwit went live because of intuition. Any upgrades in bitcoin will always be controversial by default for whatever reasons, meanwhile no one is going to be able to defend going against the original format because the main point of bitcoin is always backward compatibility so who the fuck would be against that without being seen as an enemy. Therefore the default place to be is 1adrs.

PS: no, im not a big blocker or altcoiner. I dont understand why people assume that you are a bch fanboy if you criticize segwit in any way. Im not a fanboy of anyone, i dont care about anyone involved in these power wars, i just want my btc to be safe when they are done fucking each other up, and the conclusion ive arrived is i should keep my money in 1adrs, for reasons explained above.

[Torque]

The way I see it is, if you believe segwit is safe, then you have a bet opened against MP and co, anyone with power that doesn't like segwit basically, and this includes Jihan btw. On a long enough timeline if these forces collude you could lose that bet and then you are fucked, meanwhile if one holds 1coins then your btc is safe, and if Core ends up winning your btc is also safe. This gives you an incentive to keep coins in 1addresses already. Also if you need to "convince people to keep money in segwit addresses" for segwit to be safe it just shows it can't be safe, it's actually insane if that's the case. I dont know the technical details on this but i've kept my coins in 1addresses since segwit went live because of intuition. Any upgrades in bitcoin will always be controversial by default for whatever reasons, meanwhile no one is going to be able to defend going against the original format because the main point of bitcoin is always backward compatibility so who the fuck would be against that without being seen as an enemy. Therefore the default place to be is 1adrs.

Jihan Wu, Roger Ver, and the corrupt miners gang astroturfed this latest bullshit segwit FUD in order to scare Bitcoiners into using legacy addresses instead of SW. Purely because they are getting desperate now - coins aren't moving, and they need coins to move and they need all the transaction fees they can get.

Plain and simple.

[JayJuanGee]

In fact, I quite enjoy the ride.

Ice man, I have no idea how you do it.
I'm emotionally drained. I'd check myself in somewhere if they'd have me.

Having equity in your investment helps.  Having a cushion of equity helps.  Having a plan to buy more if price goes down helps.  Having confidence that the BTC price is likely to go up in the future helps.

Cushions, pants, and confidence. What are luxury items some of us can no longer afford.

You have to be exaggerating a bit, no?

I understand that you might not have been as bullish as you should have been about bitcoin in earlier times, but still haven't you made any money in bitcoin? 

You have been around long enough to get 3 digit BTC.. but let's say you really screwed up and your average cost per BTC is around $3k... .. aren't you still up 2x? 

Couldn't be as bad as you are making out the situation, even understanding that BTC prices are down about 70% from the mid-December 2017 peak.

[Torque]

Blah blah blah more garbage ramblings

[JayJuanGee]

27% of England’s Male Millennials Say Bitcoin Better Investment Than Property

Millennials Turning from Traditional Investments and Toward Crypto

let them  

Link or it didn't happen.  

Roger Ver's scam site bitcoin .com picked it up from http://www.getlivinglondon.com/pdfs/get_living_millennial_living_in_2018_report_first_look.pdf  ( https://archive.is/g6WkX )

You'd know that if you'd used a search engine on micgoossens' first line.

METHODOLOGY
This research was conducted online with n=3,065 millennials (aged 21 to 35 years old), living across the United Kingdom from 28th March – 4th April 2018. Results were weighted on gender overall and gender within each region of the United Kingdom to ensure representativeness.

Thanks for the link and the further elaboration.  I think that links help when making assertions that seem to be based on polls.

In this video, Tom Lee talks a lot about how Cryptocurrencies are the preferred investment class of the millennial generation.
It's only 20 minutes or so - well worth watching IMO.

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

Yes.  I agree.  I watched it, and surely his bullish bitcoin expectations has some expectations that younger generation demographics is going to help to push bitcoin/crypto currencies, and that fairly major changes have already occurred based on the practices of the younger generation.  Thanks for the link.

[Rosewater Foundation]

I understand that you might not have been as bullish as you should have been about bitcoin in earlier times

I sunk as much into corn as a poor witless lad could muster and then some, went without fancy meatballs for weeks that year. I'm sure we've been over this.

[JayJuanGee]

Blah blah blah more garbage ramblings

A poor and witless man[lad] will protect his ego before he will protect his Bitcoins.

Yes... everyone do what troll anunymint suggests, and that way your coins will be safe.. panic, everyone.

[JayJuanGee]

I understand that you might not have been as bullish as you should have been about bitcoin in earlier times

I sunk as much into corn as a poor witless lad could muster and then some, went without fancy meatballs for weeks that year. I'm sure we've been over this.

I don't want to repeat... but if you did what you say, then you should be "sitting pretty" about now.

[Torque]

I will delete this post.

We've been waiting on you to delete all your posts. Followed by your account too.

[Rosewater Foundation]

I understand that you might not have been as bullish as you should have been about bitcoin in earlier times

I sunk as much into corn as a poor witless lad could muster and then some, went without fancy meatballs for weeks that year. I'm sure we've been over this.

I don't want to repeat... but if you did what you say, then you should be "sitting pretty" about now.

Standing ugly. But at least I have my health.

[babanana]

I will delete this post.

We've been waiting on you to delete all your posts. Followed by your account too.

Delete your account anunymint. I dont want to see anymore any of your shilling on this thread.
I bought $3M worth of bitcoin recently and I am waiting for the next bull run. If what you want is for us to lose our investment by scaremongering then we cant be on this same thread.

[Lontonbit]

Tone Vays has manipulated the noobs in to selling there coins, with the hopes of buying back at 3k

[babanana]

I bought $3M worth of bitcoin recently and I am waiting for the next bull run.

Whoopee-doo. A measly 166 BTC is nothing.

Prove it. Sign a message from your UTXO. And prove you are hodling in SegWit addresses that start with a 3 instead of a 1.

When my friends tell me they bought BTC, I replied congratulations and I'm happy for you. I don't see merits proving it, especially to you.

[bones261]

I will delete this post.

We've been waiting on you to delete all your posts. Followed by your account too.

Delete your account anunymint. I dont want to see anymore any of your shilling on this thread.
I bought $3M worth of bitcoin recently and I am waiting for the next bull run. If what you want is for us to lose our investment by scaremongering then we cant be on this same thread.

What exactly is he shilling? This real Bitcoin he is talking about is simply a slightly altered version of Bitcoin Core 0.5.3. (They call their version 0.5.4) Those that are running that software as a node are still following the same chain as Bitcoin Core 16.0.1.

[Anon136]

I will delete this post.

We've been waiting on you to delete all your posts. Followed by your account too.

We really have been inundated by trolls as of late. More than I have ever seen yet. I haven't been around this thread long enough to know, is there a generally accepted correlation between troll activity and the market like there is in the Monero speculation thread?

[infofront]

It seems to me that troll activity picks up during big moves - either up or down.

[Anon136]

27% of England’s Male Millennials Say Bitcoin Better Investment Than Property

Millennials Turning from Traditional Investments and Toward Crypto

let them  

Link or it didn't happen.  

Roger Ver's scam site bitcoin .com picked it up from http://www.getlivinglondon.com/pdfs/get_living_millennial_living_in_2018_report_first_look.pdf  ( https://archive.is/g6WkX )

You'd know that if you'd used a search engine on micgoossens' first line.

METHODOLOGY
This research was conducted online with n=3,065 millennials (aged 21 to 35 years old), living across the United Kingdom from 28th March – 4th April 2018. Results were weighted on gender overall and gender within each region of the United Kingdom to ensure representativeness.

Thanks for the link and the further elaboration.  I think that links help when making assertions that seem to be based on polls.

In this video, Tom Lee talks a lot about how Cryptocurrencies are the preferred investment class of the millennial generation.
It's only 20 minutes or so - well worth watching IMO.

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

https://youtu.be/GGberGnxiJk?t=17m39s

Just casually predicts 10million dollar bitcoin like it's nothing and keeps rolling onto his next point