Bitcoin Forum
April 21, 2024, 08:17:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 20856 20857 20858 20859 20860 20861 20862 20863 20864 20865 20866 20867 20868 20869 20870 20871 20872 20873 20874 20875 20876 20877 20878 20879 20880 20881 20882 20883 20884 20885 20886 20887 20888 20889 20890 20891 20892 20893 20894 20895 20896 20897 20898 20899 20900 20901 20902 20903 20904 20905 [20906] 20907 20908 20909 20910 20911 20912 20913 20914 20915 20916 20917 20918 20919 20920 20921 20922 20923 20924 20925 20926 20927 20928 20929 20930 20931 20932 20933 20934 20935 20936 20937 20938 20939 20940 20941 20942 20943 20944 20945 20946 20947 20948 20949 20950 20951 20952 20953 20954 20955 20956 ... 33291 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26365882 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. (174 posts by 3 users with 9 merit deleted.)
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
August 12, 2018, 08:18:22 AM

still bearish
May I genuinely ask why? I can't think of much to be bearish about, especially not justifying a 30% downswing in two weeks time long after the December ATH.
Don't let the reason be 'because the price goes down', since that is a poor and manipulable indicator of Bitcoin's state. Think for yourself.

Basically no deer will ever understand except memory dealers

and sadly the deer's have no eyes

with the volatility memories have become passe

yet the escape will be worst for the deer's left behind
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713730663
Hero Member
*
Offline Offline

Posts: 1713730663

View Profile Personal Message (Offline)

Ignore
1713730663
Reply with quote  #2

1713730663
Report to moderator
1713730663
Hero Member
*
Offline Offline

Posts: 1713730663

View Profile Personal Message (Offline)

Ignore
1713730663
Reply with quote  #2

1713730663
Report to moderator
1713730663
Hero Member
*
Offline Offline

Posts: 1713730663

View Profile Personal Message (Offline)

Ignore
1713730663
Reply with quote  #2

1713730663
Report to moderator
JayJuanGee
Legendary
*
Offline Offline

Activity: 3696
Merit: 10140


Self-Custody is a right. Say no to"Non-custodial"


View Profile
August 12, 2018, 08:29:34 AM

I wouldn't hate on Roger too much, he helped make bitcoin what it is today and was one of the first merchants to accept bitcoin as payment.

I'm heavily behind bitcoin but on the dark web now most sellers are only taking Monero and not BTC.

Two nonsense points.

First there is plenty of reasons to hate on Roger, and second, who gives a ratt's ass about Monero.  this is a bitcoin thread. 
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
August 12, 2018, 08:34:26 AM

Monero has its own problems.  The transaction fees hurt and supply is not fixed.
JayJuanGee
Legendary
*
Offline Offline

Activity: 3696
Merit: 10140


Self-Custody is a right. Say no to"Non-custodial"


View Profile
August 12, 2018, 08:43:10 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?
hamza987
Full Member
***
Offline Offline

Activity: 448
Merit: 104



View Profile
August 12, 2018, 08:58:18 AM

Bitcoin is getting weaker and weaker as the time goes but in the recent month I think we will see a rapid rise of btc. And eventually it will benefit both new and current investors but those who cash out will be in loss
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
August 12, 2018, 09:10:36 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

The memories of future's past have come back to haunt
Seeing bitcoin evolve into an army of damned
But my menace persisted in haunting me

Never unyielding, always vigilant
Hunting as taught by the very trolls that mocked
the menace never stopped, silently creeping in at night
distracting, thought provoking and downright unnecessary



hv_
Legendary
*
Offline Offline

Activity: 2506
Merit: 1055

Clean Code and Scale


View Profile WWW
August 12, 2018, 10:17:02 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Paper is only big in btc due to futures.

Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'.

Have more fun.
bitcoinPsycho
Legendary
*
Offline Offline

Activity: 2464
Merit: 2064


$120000 in 2024 Confirmed


View Profile
August 12, 2018, 10:20:36 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Paper is only big in btc due to futures.

Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'.

Have more fun.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
August 12, 2018, 10:30:11 AM
Last edit: August 12, 2018, 10:42:34 AM by HairyMaclairy
Merited by JayJuanGee (1)

Tee hee hee

The post below explains that Bitmain is valuing its 1.02 million Bcash lol coins at their acquisitik cost and not at their market value.  That’s because Bitmain paid over twice what those Bcash lol coins are now worth.  Suckers.   No wonder they want to IPO - they are desperate to dump their Bcash lol bags.

The Bitmain IPO is just an attempt to do a massive Over The Counter sale of 1 million Bcash lol coins.  I wonder if any Chinese are dumb enough to fall for it.

Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
August 12, 2018, 10:50:25 AM

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

Brilliant. Thanks for posting.

now censored. what did it say?
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
August 12, 2018, 11:01:03 AM

PSA: exchanges will start to wobble at under 6k. 1 or 2 self-hacks must be expected at times like that. Get your money off the exchanges as soon as you have done your business. Do not 'invest' more than you can afford to lose.

pönde
Full Member
***
Offline Offline

Activity: 308
Merit: 109


View Profile
August 12, 2018, 11:35:51 AM
Last edit: August 12, 2018, 11:59:37 AM by pönde

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

The Monero and Bitcoin transaction fees are very close to each other. There is not practical difference, exept during the high volume times Bitcoin has had actually higher fees.
https://bitinfocharts.com/comparison/monero-transactionfees.html
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Also, the Transaction fees of Monero will be decresed even more by 80-90% by the bulletproofs.
https://ethereumworldnews.com/monero-bulletproof-protocol/
https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html

In addition The Tari Project which is a second layer protocol for Monero, will cut the transaction fees to fractions by Lightning Networks. It will also bring Atomic Swaps, Internal assets and much more for Monero.
https://www.tari.com/

The "not fixed" supply is not a problem at all. There is a fixed tail emission for Miners to have an incentive to mine. And because the tail emission is fixed, the emission in relation to existing supply will be decreasing. Also, the tail emission will be very low. 0,6XMR per 2 minutes block. That is only 432XMR per a day.
https://getmonero.org/resources/moneropedia/tail-emission.html

Also, the Tari Protocol will be merge Mined with Monero.
drays
Legendary
*
Offline Offline

Activity: 2520
Merit: 1073


View Profile
August 12, 2018, 11:55:19 AM
Last edit: August 12, 2018, 12:22:48 PM by drays

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.

But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?

P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.
strawbs
Legendary
*
Offline Offline

Activity: 868
Merit: 1340



View Profile
August 12, 2018, 12:00:23 PM

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.

So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?

P.S. Please don't call me FUDder, yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.

There's doesn't need to be "mass panic". That's not a necessary requirement to determine whether the bottom has happened.
drays
Legendary
*
Offline Offline

Activity: 2520
Merit: 1073


View Profile
August 12, 2018, 12:18:04 PM

There's doesn't need to be "mass panic". That's not a necessary requirement to determine whether the bottom has happened.

Mass panic selloff - despair - indifference - the time of low interest by general public, and active work by the core supporters -- then natural growth from inside, caused by the persistent work of real value creators, such as developers, adopters and promoters.
I believe before BTC can grow again, there should be new achievements to show, and more healthy community caring about fundamentals, not just price.
This is how I see normal way of resolving the consequences of the latest bubble.

I wonder how do you see the possible path? Do you really think BTC is ready for another rally in this situation now? Or you think it can go sideways long enough so new development matures and adoption kicks in?
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
August 12, 2018, 12:27:35 PM

There's doesn't need to be "mass panic". That's not a necessary requirement to determine whether the bottom has happened.

Mass panic selloff - despair - indifference - the time of low interest by general public, and active work by the core supporters -- then natural growth from inside, caused by the persistent work of real value creators, such as developers, adopters and promoters.
I believe before BTC can grow again, there should be new achievements to show, and more healthy community caring about fundamentals, not just price.
This is how I see normal way of resolving the consequences of the latest bubble.

I wonder how do you see the possible path? Do you really think BTC is ready for another rally in this situation now?

Wow, so insightful, exactly what a lot of people have been saying
bitebits
Legendary
*
Offline Offline

Activity: 2210
Merit: 3171


Flippin' burgers since 1163.


View Profile
August 12, 2018, 12:29:58 PM
Last edit: August 12, 2018, 06:05:31 PM by bitebits

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

I know this is a bitcoin thread, but please do your research before you state such nonsense.

- The transaction fees are still very reasonable for an always fully private transaction (<$0.30) + Monero will have 'Bulletproofs' in the September upgrade, reducing the transaction size with >80%.  

- The supply not being fixed is not a problem, it is a very deliberate awesome feature. It will be <1% yearly and percentage wise further decreasing over time (likely less than the amount of moneros lost per year in boating accidents). In exchange there will always be a miner incentive, thus not having to rely on a fee market like bitcoin does: this allows an adaptive blocksize!

Monero learned from the issues Bitcoin has. Don't be auto-dismissive, the thing we detest so much about no-bitcoiners.
drays
Legendary
*
Offline Offline

Activity: 2520
Merit: 1073


View Profile
August 12, 2018, 12:36:38 PM

Wow, so insightful, exactly what a lot of people have been saying

I feel your sarcasm Smiley
Good point though. So if lot of people are saying that, is it necessarily false?  Wink
Torque
Legendary
*
Offline Offline

Activity: 3542
Merit: 5039



View Profile
August 12, 2018, 12:43:10 PM

https://twitter.com/Excellion/status/1028426579158884352
Quote
According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets.

Nearly two million BCH? Are they trying to emulate the Hunt brothers?

They were trying to make Bcash lol more valuable than Bitcoin by restricting supply (and touting it to increase demand). Bitmain holds all the Bcash lol it has ever mined in a huge wallet. They have been losing money since day 1 trying to flip Bitcoin.  

They used every tool at their disposal.  They might possibly have pulled it off but enough people have seen through them.

Pretty hilarious too that litecoiners scoff at Bcash for the same reason, but don't know or realize that Chinese miners/exchanges are sitting on > 7M litecoin to restrict supply.... lol
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
August 12, 2018, 12:46:53 PM

Wow, so insightful, exactly what a lot of people have been saying

I feel your sarcasm Smiley
Good point though. So if lot of people are saying that, is it necessarily false?  Wink

That is the problem, its been false for so long, what's real

Transparency is key
Pages: « 1 ... 20856 20857 20858 20859 20860 20861 20862 20863 20864 20865 20866 20867 20868 20869 20870 20871 20872 20873 20874 20875 20876 20877 20878 20879 20880 20881 20882 20883 20884 20885 20886 20887 20888 20889 20890 20891 20892 20893 20894 20895 20896 20897 20898 20899 20900 20901 20902 20903 20904 20905 [20906] 20907 20908 20909 20910 20911 20912 20913 20914 20915 20916 20917 20918 20919 20920 20921 20922 20923 20924 20925 20926 20927 20928 20929 20930 20931 20932 20933 20934 20935 20936 20937 20938 20939 20940 20941 20942 20943 20944 20945 20946 20947 20948 20949 20950 20951 20952 20953 20954 20955 20956 ... 33291 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!