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Question: Closing BTC Price June 17:
$0 - 4 (3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.5%)
$7,501-$7,750 - 4 (3%)
$7,751-$8,000 - 12 (9.1%)
$8,001-$8,250 - 13 (9.8%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.5%)
$8,751-$9,000 - 11 (8.3%)
$9,001,$9,250 - 13 (9.8%)
$9,251-$9,500 - 17 (12.9%)
>$9,500 - 17 (12.9%)
$20,000 - 9 (6.8%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21226984 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. (66 posts by 16 users deleted.)
jojo69
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July 08, 2018, 09:34:08 PM
Merited by BobLawblaw (2), STT (1), Last of the V8s (1), HairyMaclairy (1)


Quite. He was a completely different person back then.

And so on.

Now that you mention it...this has got me to thinking...

That moment of realization that the social contract you believed yourself to be a party to was an illusion all along is not an easy one.  Allow me to elaborate by way of an, only very tangentially related, anecdote.

As a young man I was working construction.  I was a fucking hard worker.  Busted my ass.  We were screwing down floors in a subdivision when I developed acute carpal tunnel; woke up one day unable to button my pants or do really anything involving my dominant hand.

Was denied any workers comp, not even sure why, I was young and unschooled in advocating for myself.  It sounds ludicrous today...but I really thought the system had my back.

I was very much unable to work at anything I was qualified for at the time and funds became very short.  At some point I needed that last $100 in my bank account to eat, and by "eat" I mean a box of dehydrated spuds and the big handle bottle of Pace picante per week, plus what I could bum off friends and pick up after 1:00AM at the convenience store for $0.25/about to expire cancer burger.

So my social dislocation moment came when my, long awaited, tax return check arrived, a very much needed 4 digit godsend of liquidity.  I rushed straight down to the bank, up to my favorite teller... ... ...to be informed that as I no longer had an active account the instrument from the federal government in my hand was not actually redeemable.

It was hard at the time, but in retrospect I am very glad that I learned this lesson at a young age.

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July 08, 2018, 09:49:31 PM

Another reason bcash will never gain full traction

Article from CNN (Fake news) mentioning Roger Ver Bcash inventor
Roger helped Mark Karpeles with the hack

So is it zhou, Roger, or is it you....... (why do you want bitcoin replaced, but zhou does not)


https://www.ccn.com/suspected-scammer-zhou-tong-coinjar-co-founder/
https://forum.bitcoin.com/ama-ask-me-anything/i-m-asher-tan-co-founder-ceo-of-coinjar-ask-me-anything-t2262.html#p6434

Someone needs to be in Jail

Another reason BCASH is trustless and Bitcoin holds the truth

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July 08, 2018, 10:34:49 PM
Merited by bitserve (1)

If you test all possible combinations before finding a block. Best case, you immediately find it, worst case you find it on the last combination, average, you will find the block in about half the time of the maximum.

But no single miner searches all possible combinations by itself and as far as I know there is no decided range of combinations tested by each pool so different pools may end up testing the same combinations. and different pools include different transactions so operate in a different search space. This means that the upper limit is a lot higher than twice the average block time.

Random results do included things humans don't find random at all. 100 slow blocks in a row is less likely that 10 slow blocks in a row, but not impossible.

The search space is astronomical - we'd be waiting a very long time indeed if there were only one solution. Fortunately, there are many solutions within the space. You can still keep trying unique combinations and miss an answer for a considerable time though.

There were far too much blocks in the hours before

7,17/h blocks in the last 6 hours
7,42/h blocks in the last 12 hours

https://fork.lol/blocks/time

Gambler's fallacy that one, I'm afraid  Wink
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July 08, 2018, 10:50:33 PM

the trend is down until it isn't

Spoken wisely


The wisdom  in that simple statement is profound.

To translate a little of it  ' Nearly all TA is just a lot of hot air, but it helps to pass the time while waiting for the trend to turn'
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July 08, 2018, 11:02:41 PM

Too many words

Does all that really belong here?
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July 09, 2018, 12:14:46 AM
Merited by anunymint (1)

It's just another bubble, they said.

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July 09, 2018, 12:58:01 AM

Quote
btc price was $2500 a year ago, today $6800. Trading volume for btc was 780m a year ago, today is 3.4b
An optimistic realistic quote I read somewhere, market really will build on the annual view not the exchange swings and pops.

My daily view at least in a focused way has it on the line, teetering :p



OT : Holy mother of the gods this is bad.
 
https://www.youtube.com/watch?v=XopSDJq6w8E

Were Chinese 'ghost' cities ever meant to have even been used?? Or just a place for excess capital spending and malinvestment to go (i.e., built just for show)? This looks like the mother of all ponzi real estate investment schemes.

Communism has its downsides for sure, the problem is confused but it effects us all due to the size of China with well over a billion and our reliance on their exporting.    The empty buildings used as tokens for land speculation might be ok if eventually it will be useful.  However China has demographic problems, the working population is dropping.  
   The country is still developing but this kind of empty growth could end up with them poorer over ten years imo, like alot of the world.  I've heard Chinese debt described as worse then any other  (worthless base worth though land is always worth something).   Jim Chanos is the guy to read on that I think, he is famous for calling out Enron if you remember that fraud scandal

http://money.cnn.com/video/news/2018/04/11/markets-now-jim-chanos-china.cnnmoney/index.html

However I think China is ahead of Japan in demographics and the debt isnt as far gone as Japanese decades of QE either.   Also they understand enough to accumulate gold in giant amounts, China is the world largest producer of gold and exports none of it and also imports and increasingly controls production outside the country also.  They seem to have some plan of sorts, not sure what as they arent capitalist and lock themselves to dollar devaluation.

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July 09, 2018, 01:25:42 AM
Last edit: July 09, 2018, 01:39:10 AM by Hueristic

OT : Holy mother of the gods this is bad.
 
https://www.youtube.com/watch?v=XopSDJq6w8E

Were Chinese 'ghost' cities ever meant to have even been used?? Or just a place for excess capital spending and malinvestment to go (i.e., built just for show)? This looks like the mother of all ponzi real estate investment schemes.

This has been going on for over a decade that I can remember, it's just more proof that current currencies are just propped up by governments.


Hey can somone make a cartoon that goes like this.

Tether
Hey Mom I made my first million!
Really?
Really!!!
Where is it?
On a anonymous exchange in a unsecured token.
Torque
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July 09, 2018, 02:06:42 AM
Merited by BobLawblaw (1)

The empty buildings used as tokens for land speculation might be ok if eventually it will be useful.  However China has demographic problems, the working population is dropping.  
   The country is still developing but this kind of empty growth could end up with them poorer over ten years imo, like alot of the world.  I've heard Chinese debt described as worse then any other  (worthless base worth though land is always worth something).

Did you hear the one guy say that those crumbling hi rises are only 3 years old?? And instead of concrete he chipped away at it with his finger, it was literally stucco covering what looked like cardboard. Like something on a movie set.

Here in the U.S., those buildings would be condemned and demolished for not even coming close to meeting code, and the developers fined and jailed. If Chinese people are moved into them, esp. to capacity, they will eventually collapse and people by the hundreds, perhaps thousands will die.

And then they truly will be "Ghost Cities".
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July 09, 2018, 02:11:59 AM

And then they truly will be "Ghost Cities".

at least the full resources were not expended on this madness

if what you are building are movie props......


in other news, or not

hey last of the V8s

this is what is going on next door to me...
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July 09, 2018, 02:25:56 AM

The empty buildings used as tokens for land speculation might be ok if eventually it will be useful.  However China has demographic problems, the working population is dropping.  
   The country is still developing but this kind of empty growth could end up with them poorer over ten years imo, like alot of the world.  I've heard Chinese debt described as worse then any other  (worthless base worth though land is always worth something).

Did you hear the one guy say that those crumbling hi rises are only 3 years old?? And instead of concrete he chipped away at it with his finger, it was literally stucco covering what looked like cardboard.

Here in the U.S., those buildings would be condemned and demolished for not even coming close to meeting code, and the developers fined and jailed. If Chinese people are moved into them, esp. to capacity, they will eventually collapse and people by the hundreds, perhaps thousands will die.

And then they truly will be "Ghost Cities".

I'll tell ya. This inspector on the house I've been building (having built for me by professionals) has been a royal pain in the ass. The 20 year old me would have been like "screw the man, let people build houses how ever they want" but I found I have lost much of my libertarian zeal. He may be causing the project to fall behind schedule which is frustrating but I cant help but think, at least no one in this country is using construction techniques like what you are talking about from that video. It makes it hard to hate the crotchety old pain in the ass quite so much.
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July 09, 2018, 03:51:13 AM

Tell us more Jojo !
jojo69
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July 09, 2018, 04:05:16 AM

Tell us more Jojo !

I'm not a huge expert.

I know it's a custom casting smallblock bored out to about 450CI.

It ran 10.37 last season naturally aspirated.  The blower is new and untested under load.  He expects to run into compliance issues with tech when he starts running in the 9s.

69, all steel, all glass.  Sexy fucking ride.
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July 09, 2018, 04:17:14 AM

That moment of realization that the social contract you believed yourself to be a party to was an illusion all along is not an easy one.  Allow me to elaborate by way of an, only very tangentially related, anecdote.

Good one. I had my credit account crossed with someone else in the 80's, one little credit card I got at 18 had me tagged as 25k in welched debt. I couldn't even finish school because I couldn't get credit, and I thought that credit card companies only gave cards to students with jobs.

Yes, I know, that fucking hilarious.

It wasn't till a few years later when I was buying my first Porsche that a bank told me why I was being declined. Back then you had no right to look at your file, and he pointed it out on the screen. A couple of calls and a letter and the 25k mistake was off my file.

And I didn't go a day in my life after that without some sort of fucking card offer. Which I tossed. Yes I had to dump school and live on the street, but I learned how to survive anyway.

Never again. Bitcoin won't fuck me like that.
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July 09, 2018, 04:24:19 AM

Tell us more Jojo !

I'm not a huge expert.

I know it's a custom casting smallblock bored out to about 450CI.

It ran 10.37 last season naturally aspirated.  The blower is new and untested under load.  He expects to run into compliance issues with tech when he starts running in the 9s.

69, all steel, all glass.  Sexy fucking ride.

An extraordinary weapon in the low 10s.  I have launched a 10 second car and it was more like space ship than a car.  I can’t imagine 9s.

From what I can see looks like it has a solid cage. Critical at those sorts of speeds. Very impressive.  Is he going to run a chute ?

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July 09, 2018, 05:52:20 AM
Last edit: July 09, 2018, 06:43:21 AM by nanobtc
Merited by HairyMaclairy (1)

A couple of decades ago, I used to have a '68 Chevy 3/4 ton truck with 70k miles. Rust-free, straight and solid. It had a crappy stock 307 V8. That was a bad engine for Chevrolet, it burnt a quart of oil in 500 miles!

I replaced it with a fresh '67 327 with 2.02 intake valves. Solid lifters, doublehump heads, Carter 4bbl, and dome pistons. Aluminum Edelbrock Torker II intake. I had to have the starter rebuilt with more windings for the high compression. It was licensed, and had open headers, it was hot shit on the farm. At the time.

It was geared too low to go fast, but it got there very, very quickly. It had the snap/crackle/pop/rumpity rump idle. The other farmers thought I was weird. Some of the young ones saluted me, for hearing it start a 1/4 mile away, on a cold winter morning.

This was a daily driver for 11 years, not just a weekend fun thing.
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July 09, 2018, 05:54:55 AM

Never again. Bitcoin won't fuck me like that.

right?  holding my own keys from here on out...
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July 09, 2018, 06:00:23 AM
Last edit: July 09, 2018, 06:18:57 AM by jojo69

An extraordinary weapon in the low 10s.  I have launched a 10 second car and it was more like space ship than a car.  I can’t imagine 9s.

From what I can see looks like it has a solid cage. Critical at those sorts of speeds. Very impressive.  Is he going to run a chute ?



indeed it is

no chute, or talk of such that I have heard...I shall not breech the subject for fear of "gayness"  (apologies in advance to our, non lame, gay members...this is Trump America...)

@nanobtc   fun stuff, my daily truck is...unconventional...
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July 09, 2018, 07:29:32 AM
Last edit: July 09, 2018, 07:42:12 AM by kurious

On the Bitcoinwisdom daily chart, it looks like a bullish MA crossover is in place - can anyone with any expertise confirm.  

I am far from an expert, and it feels too early to be optimistic, but I will take any optimistic gloss anyone with the right tint on their spectacles can see.



I'm not an expert either, but the 200ma is still far from the 50ma.
A gold cross is a bullish signal in the frames of larger times.
https://www.investopedia.com/terms/g/goldencross.asp



Fair enough it was (I guess) hopium induced short term nonsense.   I guess I am looking for something that I know in my gut is not anywhere near here yet.  

Thanks for responding.  Will set my MA / EMA to a longer frame.
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July 09, 2018, 08:00:50 AM
Merited by LFC_Bitcoin (1)

'Golden cross' is typically taken as a very significant indicator of long-term trend and is daily 200/50 MA. We're still a long way from that.
On the 4h, a cross of the 200/50 is imminent, which is a bullish signal for the shorter term.
It's a lagging indicator, and I expect it would take another 2-4 months to see a golden cross even if the markets have turned around.
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