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

[HairyMaclairy]

[1714217165]

1714217165

[1714217165]

1714217165

[realr0ach]

Rejected at $6700 I think

[Kylapoiss]

https://www.ccn.com/bitcoin-still-in-the-middle-of-a-bear-market-analyst/

Woo continued by supporting his claim using the Bitcoin NVT Ratio, which he terms as his favorite indicator. He explained that the NVT peaks during bear markets, although it has been criticised for being laggy in detecting bears, it is a leading indicator to signal the end of the bear. According to him, NVT returns to it’s normal range before the next accumulation phase, a condition that is yet to be fulfilled.

How seriously is he/this article to be taken?

My guess is we still are bearish.

[Totscha]

https://www.ccn.com/bitcoin-still-in-the-middle-of-a-bear-market-analyst/

Woo continued by supporting his claim using the Bitcoin NVT Ratio, which he terms as his favorite indicator. He explained that the NVT peaks during bear markets, although it has been criticised for being laggy in detecting bears, it is a leading indicator to signal the end of the bear. According to him, NVT returns to it’s normal range before the next accumulation phase, a condition that is yet to be fulfilled.

How seriously is he/this article to be taken?

My guess is we still are bearish.

1. Take it as seriously as any prediction.

2. Enjoy your newly found peace of mind.

[Torque]

https://www.ccn.com/bitcoin-still-in-the-middle-of-a-bear-market-analyst/

Woo continued by supporting his claim using the Bitcoin NVT Ratio, which he terms as his favorite indicator. He explained that the NVT peaks during bear markets, although it has been criticised for being laggy in detecting bears, it is a leading indicator to signal the end of the bear. According to him, NVT returns to it’s normal range before the next accumulation phase, a condition that is yet to be fulfilled.

How seriously is he/this article to be taken?

My guess is we still are bearish.

Willy Woo really knows his stuff.

So do his other expert friends Billy Boo, Tinker Bell, and Bam Bam.

[Kylapoiss]

https://www.ccn.com/bitcoin-still-in-the-middle-of-a-bear-market-analyst/

Woo continued by supporting his claim using the Bitcoin NVT Ratio, which he terms as his favorite indicator. He explained that the NVT peaks during bear markets, although it has been criticised for being laggy in detecting bears, it is a leading indicator to signal the end of the bear. According to him, NVT returns to it’s normal range before the next accumulation phase, a condition that is yet to be fulfilled.

How seriously is he/this article to be taken?

My guess is we still are bearish.

1. Take it as seriously as any prediction.

2. Enjoy your newly found peace of mind.

Thanks.

I've been bearish most of the year, peace of mind never been lost. Like Ibian said, we are still 50% up from year ago, so chin up ladies!

Willy Woo really knows his stuff.

So do his other expert friends Billy Boo, Tinker Bell, and Bam Bam.

Lol, got my answer

[El duderino_]

^
i think the chin's of most longer time hodlers are still up, however the boringness from going sideways this long and maybe longer to much longer who knows, will be testing many hodlers patience especially the guy's bought in later ...
but the ones with the right intentions of hodling BTC will not be bothered to much ,just keeping the longer term picture in mind

[sirazimuth]

...
How seriously is he/this article to be taken?

Not sure I can take anything seriously from some character named “Willy Woo”.....

[xhomerx10]

 WTF?!
My wife guaranteed me that nobody would get this...  Is that your brother with the tattoos or what?

edit:  That's very close but not exactly where it is... I guess I should have controlled myself.  (I'm a noob at this)

These guys are lethal smart.  

 For sure!  That's one of the things I love about this place.

 Kudos to everyone who tried this challenge.  I didn't realize until after I posted but the google images are from 2012 and look quite different which made it difficult and the Romanian street naming convention (if one exists) made it even more challenging.  There are 7 major roads coming into/going from this intersection which is called Piata Victoriei.  I was standing on the southwest corner of Soseaua Nicolae Titulescu and Strada Buzesti.

 Micgoossens - Awesome powers of deductive reasoning (maybe more Iron Man than Thor?).  Piata Victoriei is correct.

 BobLawblaw - Your google map link was closest to where I was standing - winner!!

 Icygreen - Also very close to where I was standing - good job!

and

 JayJuanGee -

Looks like the renegade alt coin brother that got rekt, and had to XXXXX out the tats.    

 Nice one!!  


Thanks all!  That was fun  Sorry for the delay - I'm in UTC+3 time zone right now.

Full image:

Hahaha. Eu ghiceam din prima.

 Sigur! Fara indoiala...
I had a feeling you lived in Bucuresti.

[El duderino_]

https://www.ccn.com/us-market-crash-expected-as-household-income-explodes-will-millennials-flock-to-bitcoin/

Better run to BTC

[d_eddie]

If smart money is smart, they may be looking ferociously to the record pile up of BTC shorts, just waiting to be short covered by whales teasing the price upwards and upwards. If that cow can still be milked, why wouldn't they?

Because maybe they are expecting the pile of shorts to be even higher before rekting them for good?

Or maybe they (or their friends) are still accumulating. Justsayin'.

[Kylapoiss]

...
How seriously is he/this article to be taken?

Not sure I can take anything seriously from some character named “Willy Woo”.....

You never know with those Asians, many have strange names when translated to english..

[Bitcoinaire]

$BTC Drops from previous high to the next lower high on the trend have reduced with each lower high since December With a decrease drop % and a decrease in volatility on the weekly chart: the obvious next move would be either macro accumulation (for bulls) or capitulation event




https://twitter.com/Josh_Rager

[Biro Bob]

^
i think the chin's of most longer time hodlers are still up, however the boringness from going sideways this long and maybe longer to much longer who knows, will be testing many hodlers patience especially the guy's bought in later ...
but the ones with the right intentions of hodling BTC will not be bothered to much ,just keeping the longer term picture in mind

Sideways... Up... or Down! I’m going to hold.... and this is very different to 2014 because I was unsure of whether I was doing the right thing then and just deluding myself. Whereas now, it’s just a ho-hum -keep calm and carry on kinda thing with no desire to panic sell regardless of price.

...however, I’ve started playing with my bot again (after almost a year) to relieve the boredom.

[dutchlincoln]

Rejected at $6700 I think

Deliverance, the banjo battle!!!

GREAT play! 

[jbreher]

Have there been any projects working toward combining lightning and hosting data/bandwidth? Like "pay me 1 satoshi/Mb per day or I drop your data".

Even if it’s encrypted, how do you trust a third party random to reliably host your data?

With enough 'third parties' (AKA storage nodes), and an erasure coding layer, this is a solved problem. How do you think Google, Amazon, et al do it? It is not by guaranteeing unlimited uptime for any individual storage node. It is by making the reliability of each individual storage node irrelevant, by employing intelligent redundancy in a layer above the hardware.

[withlove99]

This is bitcon price history with reward halving days marked

Let's hope for a new future for Bitcoin and cryptocurrency in the coming years

[crypmike]

The best is yet to come.
We are in the early stages.

chart by J P Mogran



https://twitter.com/crypto_rand/status/971890682934841345

[d_eddie]

Half-Barts rule the day on wimpy volume. Only the ramps show a little more trade.

[d_eddie]

Haven't seen The Mayor in a little while.

Hope he's doing OK.

Saw this on Twitter, and think I'm going to buy it.

Track down The Mayor on Halloween and chase him around his neighborhood whilst wildly swinging two absurdly oversized red dildos.

https://www.amazon.com/Dress-Up-America-Bear-Mascot/dp/B007XF9EZC

Poor chap. Chased by a spooky bear toting giant red dildos. He's going to be scared shitless. In his place, I think I would.