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

[gembitz]

The price of BTC is creeping up IMHO on the off chance that the SEC will approve the 'top heavy for the rich' ETF next month

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/

The danger is, if that does NOT go thru...the price, again IMHO, will dump below 6k again

be cautious

brad

stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<<

I'm saying that IF, IMHO ...a run up is due to this in the next month, it will be rinse/wash/repeat back down to below 6k again

unless you have some other info on why the rise is happening?

sheesh...chill....

honeybadger don't give a fuck about no SEC approval~~~ lol

[bitserve]

We have another year of this guys.  Just stay level otherwise you will wear yourselves out.

So you're saying 4% gainz per day for a year will wear us out?
Sure. xclnt point

Well that would be $10.8 billion per bitcoin which would be nice.

Hmm. One of us is wrong. Of course, decades after my Applied Math degree, I can hardly add any longer.

I also got around 11 billion per Bitcoin (using an online compounding interest calculator, I am lazy).

365    $423,425,366.70    $11,009,052,857.31    $11,009,059,534.31

Standard Calculation
Base amount: $6,677.00
Interest Rate: 4%
Effective Annual Rate: 4%
Calculation period: 365 years

Maybe you meant Bcash price?

[JayJuanGee]

Road to 100k has begun!!!

You could be correct, but it seems that we have to get above $10k first.

If we get above $10k in the next month, then likely to have another correction into the $8ks...

On the other hand, it could be the beginning of a slower grind upwards, yet what tends to happen are little upwards explosive periods in between and then a several month correction that causes folks to question whether we are continuing up or if the "top" has been reached.

In any event, it is starting to seem as if getting above $10k is goign to be a decent marking point regarding if the bottom is in and to gauge the pace and timeline of such an upwards march to $100k.

[JayJuanGee]

^^


WHICH one gotta wear tomorrow ?

I guess its the BULL head today cheers 

For some reason, I don't like the colors of those hats.

Perhaps I am brainwashed?

[nikauforest]

Price dynamic seems different today.

It's no longer sideways->jump->sideways.

I agree this looks different. Not the Bart movements we have had in the past.

[jbreher]

We have another year of this guys.  Just stay level otherwise you will wear yourselves out.

So you're saying 4% gainz per day for a year will wear us out?
Sure. xclnt point

Well that would be $10.8 billion per bitcoin which would be nice.

Hmm. One of us is wrong. Of course, decades after my Applied Math degree, I can hardly add any longer.

I also got around 11 billion per Bitcoin (using an online compounding interest calculator, I am lazy).

Umm... yeah. Same formula, different result. I must have miskeyed something. I likely had used '*' where I shoulda used '^'. Numbers check out as per hypothesis.
Edited upthread.
Mea culpa.

[Last of the V8s]

https://www.bloomberg.com/news/articles/2018-07-16/coinbase-says-it-has-green-light-to-list-coins-deemed-securities

there may be hope for xrp on coinbase yet

[JayJuanGee]

Looking forward to some quality Schnorr FUD from Jbear and crew.  

I don't know why you'd think that. I don't believe I have previously espoused an opinion on Schnorr sigs.

You basically said Schnorr signatures would do nothing to alleviate the scaling issue. That would qualify as an opinion.

Hmm. I guess you know more about my past postings than do I. Link?

Schnorr can obviously reduce the size of txs that have multiple elements. I wouldn't say that is 'nothing'. If this be shown to be a reversal of a previously held opinion, then so be it.

Of course, my final opinion would be driven by an analysis of not merely the benefits of Schnorr, but also its costs.

edit: Oh - I see you've added the link. Thank you. I shall quote:

Currently it would take over 30 years to send each person on earth a single Bitcoin transaction. Think about that.

Lightning does nothing to alleviate that.
Segwit does nothing to alleviate that.
Schnorr sigs does nothing to alleviate that.

True enough. If you wish to send every person on earth a single Bitcoin tx (e.g., perhaps to open an LN channel), it will take on the order of three decades. And Schnorr indeed does nothing to alleviate that. It is a true statement, and it is not identical to "Schnorr signatures would do nothing to alleviate the scaling issue".

Your assertion is shown to be false.

After re-reading your post I stand corrected on my interpretation and agree you were referring to a very extreme theoretical scenario where all the block space is used exclusively for opening channels for every person on earth.

I am glad to hear you agree that Schnorr signatures could have some impact on scaling improvement depending on circumstances.

Oh Fuck me, Bitserve.   You are much more gentlemanly than me or even the member that has such a username.... 

I understand that you were probably being a bit sarcastic, but think about a lot of these fucking troll nutjobs and bitcoin doomsdayers, they often take a scenario that has less than a 1% chance of occurring, and impliedly place it at much greater odds - and furthermore they presume that the development is kind of in a stasis and the evolution will occur in the coming days without tit and tat developments along the way to pretty much negate their pie in the sky supposed scenario from playing out.

[JayJuanGee]

The price of BTC is creeping up IMHO on the off chance that the SEC will approve the 'top heavy for the rich' ETF next month

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/

The danger is, if that does NOT go thru...the price, again IMHO, will dump below 6k again

be cautious

brad

stfu basher!! :\ you are such a self serving person i hope you lose your shirt shorting&distorting <<<

yeah right... maybe I should cry instead of laughing?

Certainly Searing is neither a basher, a short player nor a book talker. 

He does have a tendency to dwell on the possible negative outcomes, though. 

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.   

[Rosewater Foundation]

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.   

If this thing goes tulips Searing has agreed to let me live in his cupboard. True story.

[JayJuanGee]

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.   

If this thing goes tulips Searing has agreed to let me live in his cupboard. True story.

I imagine that Searing has cupboards that are nicer than the houses of many folks, so you would be in quite nice dwellings, there.

[HairyMaclairy]

Even in the brightest and clearest of days, searing can manage to spot a cloud or two.  

If this thing goes tulips Searing has agreed to let me live in his cupboard. True story.

Is it the cupboard under the stairs?

[Rosewater Foundation]

I don't want anything fancy.

Bob: They really do investigate your ass very thoroughly. There are special x-ray chairs now.

[d_eddie]

The price of BTC is creeping up IMHO on the off chance that the SEC will approve the 'top heavy for the rich' ETF next month

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/

... or is it really BlackRock, as some sources in the MSM say? If they're really checking out Bitcoin, as the rumor goes, we can bet our collective asses that we're due for another plunge. It's Conspiracy 101: they like their coins cheap.

The danger is, if that does NOT go thru...the price, again IMHO, will dump below 6k again
be cautious
brad

This applies even if it indeed BlackRock. Not that it matters that much.

[Anon136]

Did you have to screen shot it to make that?

I don't want anything fancy.

Bob: They really do investigate your ass very thoroughly. There are special x-ray chairs now.

https://quotefrom.me/previous

[El duderino_]

^^


WHICH one gotta wear tomorrow ?

I guess its the BULL head today cheers 

For some reason, I don't like the colors of those hats.

Perhaps I am brainwashed?

bought this one as wel just in case .....

   

[HairyMaclairy]

Don’t say it. It’s a trap.

[Rosewater Foundation]

https://quotefrom.me/previous

Money well spent 

[RejectedBanana]

The daily 200 MA is falling pretty steeply these days. At this rate, it won't be much longer until it encounters the 50 MA for a golden cross.

Assuming the 50 MA flattens out around current prices, this would bring us to mid-September-ish. This is how it played out the last time we had a golden cross in 2015: the 200 MA fell to meet a flat 50 MA.

Following a more aggressive 50 MA trend from the recent bottom, it could even happen as early as mid-August-ish.

1 to 2 months. Right around when we expect some ETF news. Who wants to guess the date?

Straight Outta My Ass (tm) TA


Daily 50/200 MA

[Last of the V8s]

It's fine TA. Just a note, a lot of the bots use a 55 MA.



Go to the Golden Cross, have a nice cold pint and wait for this all to blow over