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

[xhomerx10]

No I did not know..

Well you learn something new every day. If true, thanks for that.

Interesting.

 I'm not convinced there were sufficient bull or bear attacks in new york, london or tokyo for traders to make that comparison.  Bears are known to hibernate, bulls are known to charge... I'm thinking KISS.  Good story though; very entertaining.

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[JayJuanGee]

Not to rain on your parade but $200 - $ 300 during course of 2015 implies $3500 - $5200 during the course of 2019.

That sort of long grinding fall should be sufficient to induce total capitulation.  


On the woeful insecurity of Reddit:

https://www.wired.com/story/reddit-hacked-thanks-to-woefully-insecure-two-factor-setup/

I was describing $200 to $300 as the range in which we bounced, once we got to the bottom in 2015 - but we did not know we were at the bottom nor when we were going to arrive there.  

Part of the point remains that we don't know where the bottom is exactly, and surely we do not know for sure whether bouncing in a 33% price range is going to play out again this time for a similar period of time in our current scenario.   My main assertion that bouncing around in about a 33% range is not really unusual, and your assertion that we may not have yet reached the bottom is a different and separate point - and I don't see how it is substantiated by the evidence, except for you and some other supposed bulls are giving a considerable amount of weight to a "further down" scenario based on looking at part of a past chart and projecting certain parts of history to repeat itself?

The range to which we drop at any point can also vary quite considerably because the way that the price jumped up from the $200s to $19,666 was drawn out quite longer (over two years) than the bounce up from below $100 to $1,163 (which had taken place over only a couple of months in late 2013).  Also, development in the crypto and bitcoin space, including the money dynamics of the various alts and ICOs can affect the space, including various instruments of financialization, the number of avenues for liquidation and the levels of attacks on bitcoin through forks, pumping of other projects and just financial institutional/governmental aspirations that bitcoin does not succeed.  

One could recognize that we have already been bouncing largely between $6k and $9k since early February, and so that would be about 6 months - and under the current market conditions there remains to compelling reason that additional BTC price correction is required before moving up... and maybe a further down would be too bearish... there could be some sense that six months here is long enough, but if we go down further, then that would be even longer drawn out than the 2014-2015 downturn, which is not really easily supported by the whole  crypto market dynamics - in other words, are ICOs and Alts getting shaken out this time around, or are they coming along for at least one more pump... .. I still believe the coming along for at least one more pump is the more likely scenario, which would thereby make a long and drawn out further down (at this time) to be the lesser likely scenario (maybe only slightly lesser likely, but still weighing in on the lesser likely direction).

Edit:  The $200-$300 bottom of 2014/15 lasted about 9 months.. Sure there were a few times in 2014 that BTC prices bounced in the $400s and also in the $600s.. but those periods were only a couple of months at most, and a couple of times, there were considerable expectation that BTC prices would be returning back up, but they did not.  Still seems kind of a coin toss whether this $6k to $9k area is the bottom or some area that is further down the charts.

[buyandhold]

https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/
FBG’s approach has three pillars: Invest like a venture capitalist in initial coin offerings (ICOs), trade on news and events by moving in and out of tokens rapidly and, critically, exploit insider relationships and marketing hype to ensure profitability. The firm’s rise speaks volumes about the anything-goes world of cryptocurrencies, where the stated ideals of democratization are a joke and being an insider is the surest path to riches.

[buyandhold]

https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.

[Wekkel]

https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.

One final attempt at $8,500-9,000 and then back to $6,xxx.

ETHUSD Looking more and more ugly BTW (get out while you can).

[mindrust]

Market dominance is about to hit %49 and to me Bitcoin's price is not bad even at this point after dropping from $20k.

Is there anybody who used this new lightning exchange on the testnet? When this thing gets adopted shitcoins will suffer to deth.

[JayJuanGee]

https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/
FBG’s approach has three pillars: Invest like a venture capitalist in initial coin offerings (ICOs), trade on news and events by moving in and out of tokens rapidly and, critically, exploit insider relationships and marketing hype to ensure profitability. The firm’s rise speaks volumes about the anything-goes world of cryptocurrencies, where the stated ideals of democratization are a joke and being an insider is the surest path to riches.

Sure people have to make a living, but does anyone really aspire to live like that?  Let's get rich by: 1) watching manipulation, 2) making quick moves because we know there is manipulation and 3) attempting our own no holds bar manipulation(s) (at least as much as we can get away with).

I understand that people do this, and want to live like this, yet personally, I would rather leave that ratt's race approach to others.... and to attempt to live in a more relaxed manner.

[xhomerx10]

https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/
FBG’s approach has three pillars: Invest like a venture capitalist in initial coin offerings (ICOs), trade on news and events by moving in and out of tokens rapidly and, critically, exploit insider relationships and marketing hype to ensure profitability. The firm’s rise speaks volumes about the anything-goes world of cryptocurrencies, where the stated ideals of democratization are a joke and being an insider is the surest path to riches.

Sure people have to make a living, but does anyone really aspire to live like that?  Let's get rich by: 1) watching manipulation, 2) making quick moves because we know there is manipulation and 3) attempting our own no holds bar manipulation(s) (at least as much as we can get away with).

I understand that people do this, and want to live like this, yet personally, I would rather leave that ratt's race approach to others.... and to attempt to live in a more relaxed manner.

 You reminded me of this four and a half minute short story Rat Race - A short film story by Steve Cutts.  It's worth the watch

[hv_]

how many people here understand this unix/linux joke?

I thought it was about the dev driven SW feeding to the miners last year.

 

[buyandhold]

how many people here understand this unix/linux joke?

I thought it was about the dev driven SW feeding to the miners last year.

 

[El duderino_]

https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.

One final attempt at $8,500-9,000 and then back to $6,xxx.

ETHUSD Looking more and more ugly BTW (get out while you can).

Why back 6xxx let iT push forward .... Thats the direction 
And like really all alts are looking ugly @the moment

[JayJuanGee]

how many people here understand this unix/linux joke?

I thought it was about the dev driven SW feeding to the miners last year.

 

Nope.  You know better, and you are trying to reframe history, HV, because if you recall 100% of the miners adopted segwit and changed their signaling towards such adoption in about mid-to-late July 2017.. ... remember?  

It became a lovely transformative scene (and even somewhat surprising) and a fairly rapid transition that was successful each step of the about month-long process that occurred after the signaling had changed towards segwit and through August.  Recall that subsequently, in mid August, there was a locking in and then in late august activation onto the network.  This was accomplished with damned close to 100% of then miner support.. remember?

Maybe they had a change of heart afterwards or whatever, but they could just as well fuck off, or form their own coin or support some other project...

In the mean time we have segwit that has been adopted, and it seems that it would be a hell-of-a difficult process to achieve consensus to unadopt it, so why the fuck are you anti-segwit jihan dick sucking trolls continuing to attempt to get community support against segwit when it seems like  a nearly impossible task?  Why don't you just go support your bcash coin, and conquer the word with that no-segwit and onblock scaling coin?  Oh because no one is using it?  Oh, because you cannot seem to increase any of the networking effects or to steal them from bitcoin?   Pobrecitos.  Feel bad for you........


NOT.      

[mymenace]

https://www.forbes.com/sites/jeffkauflin/2018/08/01/tricks-of-a-crypto-trader-meet-asias-hottest-crypto-hedge-fund/
FBG’s approach has three pillars: Invest like a venture capitalist in initial coin offerings (ICOs), trade on news and events by moving in and out of tokens rapidly and, critically, exploit insider relationships and marketing hype to ensure profitability. The firm’s rise speaks volumes about the anything-goes world of cryptocurrencies, where the stated ideals of democratization are a joke and being an insider is the surest path to riches.

Sure people have to make a living, but does anyone really aspire to live like that?  Let's get rich by: 1) watching manipulation, 2) making quick moves because we know there is manipulation and 3) attempting our own no holds bar manipulation(s) (at least as much as we can get away with).

I understand that people do this, and want to live like this, yet personally, I would rather leave that ratt's race approach to others.... and to attempt to live in a more relaxed manner.

Wall observer

[infofront]

...attempt to live in a more relaxed manner.

Wall observer

[Elwar]

I'm looking at that sparkswap app thinking...that's how easy it should be...


Meanwhile my German bank just e-mailed me saying for "security reasons" they cannot let me transfer any funds out of the country from my bank account. That I have to come in personally to un-block my account. I live in French Polynesia and have no plans whatsoever of ever returning to Germany.

Meanwhile, in Germany, they consider bitcoin a private currency. Which means that localbitcoins was asked to pay the 250k euro foreign exchange license. To which they said "fuck you" and locked all ads in Germany. So I can't simply transfer my money to some dude locally in Germany for bitcoins.

There is bitcoin.de which is an exchange. But it's p2p, I'd have to hope that I get someone selling that lives in Germany. And I registered there once before and they know I'm a US citizen so I'm blocked.

We just need all fiat to be colored coins on a separate bitcoin lightning network which can be easily swapped in a decentralized market.



When it comes to bank accounts. Don't invest more than you can afford to lose.

[buyandhold]

Apple still coming down in real money terms.

[hv_]

how many people here understand this unix/linux joke?

I thought it was about the dev driven SW feeding to the miners last year.

 

Nope.  You know better, and you are trying to reframe history, HV, because if you recall 100% of the miners adopted segwit and changed their signaling towards such adoption in about mid-to-late July 2017.. ... remember?  

It became a lovely transformative scene (and even somewhat surprising) and a fairly rapid transition that was successful each step of the about month-long process that occurred after the signaling had changed towards segwit and through August.  Recall that subsequently, in mid August, there was a locking in and then in late august activation onto the network.  This was accomplished with damned close to 100% of then miner support.. remember?

Maybe they had a change of heart afterwards or whatever, but they could just as well fuck off, or form their own coin or support some other project...

In the mean time we have segwit that has been adopted, and it seems that it would be a hell-of-a difficult process to achieve consensus to unadopt it, so why the fuck are you anti-segwit jihan dick sucking trolls continuing to attempt to get community support against segwit when it seems like  a nearly impossible task?  Why don't you just go support your bcash coin, and conquer the word with that no-segwit and onblock scaling coin?  Oh because no one is using it?  Oh, because you cannot seem to increase any of the networking effects or to steal them from bitcoin?   Pobrecitos.  Feel bad for you........


NOT.      

If you feel bad, you need help

https://news.bitcoin.com/bitcoin-org-removed-from-bitcoin-core-website/

Things are bad for SWcoin, cant help

[Raja_MBZ]

Apple still coming down in real money terms.

...and they're saying, "it's a major milestone for Apple"...

[ivomm]

If you feel bad, you need help

https://news.bitcoin.com/bitcoin-org-removed-from-bitcoin-core-website/

Things are bad for SWcoin, cant help

Actually, bcash lol needs help, it keeps falling and falling and... oh, wait, you are bcash troll, no need to explain it to you. bcash, meet $200, and $200 meet bcash lol  

[JayJuanGee]

how many people here understand this unix/linux joke?

I thought it was about the dev driven SW feeding to the miners last year.

 

Nope.  You know better, and you are trying to reframe history, HV, because if you recall 100% of the miners adopted segwit and changed their signaling towards such adoption in about mid-to-late July 2017.. ... remember?  

It became a lovely transformative scene (and even somewhat surprising) and a fairly rapid transition that was successful each step of the about month-long process that occurred after the signaling had changed towards segwit and through August.  Recall that subsequently, in mid August, there was a locking in and then in late august activation onto the network.  This was accomplished with damned close to 100% of then miner support.. remember?

Maybe they had a change of heart afterwards or whatever, but they could just as well fuck off, or form their own coin or support some other project...

In the mean time we have segwit that has been adopted, and it seems that it would be a hell-of-a difficult process to achieve consensus to unadopt it, so why the fuck are you anti-segwit jihan dick sucking trolls continuing to attempt to get community support against segwit when it seems like  a nearly impossible task?  Why don't you just go support your bcash coin, and conquer the word with that no-segwit and onblock scaling coin?  Oh because no one is using it?  Oh, because you cannot seem to increase any of the networking effects or to steal them from bitcoin?   Pobrecitos.  Feel bad for you........


NOT.      

If you feel bad, you need help

https://news.bitcoin.com/bitcoin-org-removed-from-bitcoin-core-website/

Things are bad for SWcoin, cant help

You already posted this information, and I already responded to your bullshit topic.  

You understand that bcash has largely just served as an attack vector on bitcoin, a propaganda machine, and a disinformation machine to attempt to put itself out there as if it were the real bitcoin.

So of course, there is prerogative and discretion for bitcoin core to remove what seems to be purposefully misleading information to defend bitcoin from any of these kinds of attacks.  

Further, the world is not coming to an end because bitcoin core's various attempts at defending against some attacks, especially the bcash one which seems so obvious and irritating while misleading a lot of normal people.