Bitcoin Forum
June 15, 2024, 07:49:03 AM *
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 ... 21249 21250 21251 21252 21253 21254 21255 21256 21257 21258 21259 21260 21261 21262 21263 21264 21265 21266 21267 21268 21269 21270 21271 21272 21273 21274 21275 21276 21277 21278 21279 21280 21281 21282 21283 21284 21285 21286 21287 21288 21289 21290 21291 21292 21293 21294 21295 21296 21297 21298 [21299] 21300 21301 21302 21303 21304 21305 21306 21307 21308 21309 21310 21311 21312 21313 21314 21315 21316 21317 21318 21319 21320 21321 21322 21323 21324 21325 21326 21327 21328 21329 21330 21331 21332 21333 21334 21335 21336 21337 21338 21339 21340 21341 21342 21343 21344 21345 21346 21347 21348 21349 ... 33448 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26400308 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.)
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
October 22, 2018, 10:51:43 PM
Merited by JayJuanGee (1)

Yes 'physical delivery' is the thing.

Institutions are unlikely to take physical delivery, because they would need institutional grade infrastructure to store them.  And that is expensive.  You don’t want to be the IT director that lost $400 million in Bitcoin or allowed it to be stolen.  

But physical delivery means actual bitcoins have to held in the exchange accounts equal to the number of bitcoins traded on the exchange.  If Bakkt becomes popular, physical bitcoin gets locked up in the exchange, reducing supply in the rest of the market, driving up price.  

That is quite different from CBOE / CME which are paper trades tied to an index.  I assume Bakkt will not need to be tied to an index - it will be an independent market in its own right. 
El duderino_
Legendary
*
Offline Offline

Activity: 2548
Merit: 12325


BTC + Crossfit, living life.


View Profile
October 22, 2018, 10:54:30 PM

Looking at 2014/15 bear market & comparing market phases (Price/RSI)

Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout

If BTC follows the same trend, I think the next major move will be




came across this one ..... another BULLISH TA    #whenBULLISh = good for me   Grin

I will concede that overall the comparison is bullish; however, I would also speculate that the UP trend period would NOT necessarily be as DRUG out as it was between late 2015 and late 2017 - just because some of the dynamics in the whole crypto space have changed... I am NOT saying anything new here because I think that others have suggested that another UP that might be coming in the near future (perhaps imminent) would have decent chances of taking place in a more collapsed time frame.

By the way, we also know that some folks like to make their BTC price predictions around our upcoming 2020 halvening, and I don't necessarily disagree with the placement of a decent amount of weight and significance necessarily to the dynamics that come about because of the perception of decreased BTC supply and the actuality of decreased supply... yet if sophisticated money is already going to largely know about the algorithm of the BTC halvening - even though they also may attempt to play the BTC market, at the same time to attempt to manipulate down as much as they can, while they can.  In the end, part of the point that I am attempting to make here is that upcoming BTC price movements do not have to either pattern upon previous halvenings, and really BTC price dynamics (including some kind of additional exponential price growth period) could just run rough shod over the whole halvening creating a timeline and price performance pattern that does not resemble previous patterns (aka "fractals" as we have also seen them to be called... hahahahahaha).   
I also don’t believe price follows previous patterns always.... just a new market changin all the time with user count increasing every day etc.......
JayJuanGee
Legendary
*
Offline Offline

Activity: 3752
Merit: 10394


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


View Profile
October 22, 2018, 10:56:39 PM

There's a whole world full of wall observers out there just waiting to sell the next bull run. And I should know. Those of us still hodling the bag missed the chance of a lifetime. That's the short and long of it until I'm proven wrong.

Here: https://www.youtube.com/watch?v=-Oqrd4GmZ3g

Yeah right.   Roll Eyes Roll Eyes

Recall the last price rise that started in about September/October 2015 - and we did not really realize it until about May 2016?  During that time, there were all kinds of price points in which bitcoin naysayers (and alt coin pumpers) were suggesting that the quantity of BTC sellers was going to be overwhelming - $500, $1,000, $3k, $7k, $10k $15k, and so far the only one that has been correct was $20k (temporarily I might assert).

So, get the fuck out of here with proclamation of overwhelming current BTC holders outnumbering the folks FOMOing in to BTC.  Good luck if you rely on such propaganda and end up selling too many BTC at too low of a price and end up having NONE left to sell in the supra $30k prices.
JayJuanGee
Legendary
*
Offline Offline

Activity: 3752
Merit: 10394


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


View Profile
October 22, 2018, 11:03:35 PM


Of course, Bitcoin has a "political" component, and really it is challenging (or disrupting as some might describe it) the idea about the extent to which government and money should be separate.  

It is NOT a given that the theoretical concept that government and money should be separate is true because there has never really been any system of such, ever... at least not in the modern world and no where near on the world-wide scale that bitcoin attempts to accomplish.

Ultimately, I agree that bitcoin seems to be providing a kind of neutral opportunity for a money system that is somewhat separate from any government's ability to control it - but it surely is neither a given that bitcoin is going to be successful (or the winner in such regard) nor that various governments are not going to make systematic attempts to battle it, in the event that they figure out that they are losing any kind of meaningful control over it.

The possible government jostling for position in regards to bitcoin could well take more than 50 years to play out, in spite of the already seemingly fast growth of bitcoin, there could still be some significant battles along the way - and even a decent amount of coordination attempts between jurisdictions regarding how to "deal with" this bitcoin matter.

Surely, I am not asserting that bitcoin is going to fail because of these expected ongoing battles, and au contraire, I anticipate that current and future BTC investors are likely going to prosper stupendously (in financial and self-empowering ways) because of their ongoing investment in bitcoin, despite likely ongoing battles between status quo government and financial institutions and in spite of likely ongoing volatility that remains almost inevitable to go in both ways because of such battles and also because of the volatility of adoption of new (never before seen) systems around bitcoin.

LUCKILY when BTC = sideways (boring) and WO = quiet  (following BTC), i post a few things passing me by during the day, so that you can still write the F*** out of your keyboard  Tongue  Roll Eyes  Grin        (where do you keep finding your walls of text)

Just random stream of consciousness.. hahahahaha
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
October 22, 2018, 11:11:09 PM

So, get the fuck out of here

You make an interesting point.



I'll get my over-coat...
El duderino_
Legendary
*
Offline Offline

Activity: 2548
Merit: 12325


BTC + Crossfit, living life.


View Profile
October 22, 2018, 11:19:06 PM

via Imgflip Meme Generator


https://www.wsj.com/articles/can-bitcoin-become-a-dominant-currency-1540174021?redirect=amp#click=https://t.co/qf69dgve5i
JayJuanGee
Legendary
*
Offline Offline

Activity: 3752
Merit: 10394


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


View Profile
October 22, 2018, 11:34:06 PM

So, get the fuck out of here

You make an interesting point.



I'll get my over-coat...

Maybe some kind of armor suit would be better?
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
October 22, 2018, 11:55:24 PM

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
October 23, 2018, 01:32:27 AM

Risk premium on Tether slowly dropping following last week BFX panic

xhomerx10
Legendary
*
Offline Offline

Activity: 3878
Merit: 8237



View Profile
October 23, 2018, 01:34:00 AM

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
October 23, 2018, 01:44:49 AM

Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
October 23, 2018, 01:45:13 AM
Merited by xhomerx10 (1), Last of the V8s (1)

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.


I make vital contributions. I'm the soul of this place, dammit!
jojo69
Legendary
*
Offline Offline

Activity: 3206
Merit: 4386


diamond-handed zealot


View Profile
October 23, 2018, 01:48:46 AM

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now
yefi
Legendary
*
Offline Offline

Activity: 2842
Merit: 1511



View Profile
October 23, 2018, 01:59:31 AM

LUCKILY when BTC = sideways (boring) and WO = quiet  (following BTC), i post a few things passing me by during the day, so that you can still write the F*** out of your keyboard  Tongue  Roll Eyes  Grin        (where do you keep finding your walls of text)

Just random stream of consciousness.. hahahahaha

Just hope you respect your fingers and use a mechanical kb. Mushy membranes are the undoing of many a good digit.
infofront (OP)
Legendary
*
Offline Offline

Activity: 2632
Merit: 2790


Shitcoin Minimalist


View Profile
October 23, 2018, 02:22:00 AM

Looking at 2014/15 bear market & comparing market phases (Price/RSI)

Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout

If BTC follows the same trend, I think the next major move will be




came across this one ..... another BULLISH TA    #whenBULLISh = good for me   Grin

I will concede that overall the comparison is bullish; however, I would also speculate that the UP trend period would NOT necessarily be as DRUG out as it was between late 2015 and late 2017 - just because some of the dynamics in the whole crypto space have changed... I am NOT saying anything new here because I think that others have suggested that another UP that might be coming in the near future (perhaps imminent) would have decent chances of taking place in a more collapsed time frame.

By the way, we also know that some folks like to make their BTC price predictions around our upcoming 2020 halvening, and I don't necessarily disagree with the placement of a decent amount of weight and significance necessarily to the dynamics that come about because of the perception of decreased BTC supply and the actuality of decreased supply... yet if sophisticated money is already going to largely know about the algorithm of the BTC halvening - even though they also may attempt to play the BTC market, at the same time to attempt to manipulate down as much as they can, while they can.  In the end, part of the point that I am attempting to make here is that upcoming BTC price movements do not have to either pattern upon previous halvenings, and really BTC price dynamics (including some kind of additional exponential price growth period) could just run rough shod over the whole halvening creating a timeline and price performance pattern that does not resemble previous patterns (aka "fractals" as we have also seen them to be called... hahahahahaha).  

The 2013 "Double Pump" scenario is a possibility for sure. The second bull market would be short and violent, like late 2013. It would then be followed by the mother of all bear markets - til 2021? 2022?

As an aside, I think future halvenings will be non-events. The annual inflation rate is now below 4%.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3920
Merit: 2349


Eadem mutata resurgo


View Profile
October 23, 2018, 02:35:37 AM
Last edit: October 23, 2018, 02:48:22 AM by marcus_of_augustus
Merited by JayJuanGee (1)


Why BTC pump based on this situation alone?  Can someone provide a quickie explanation about why BAKKT futures are significantly different from the already existing futures of CME and CBOE (that have been in place for nearly a year)?

... next day settlement, i.e. 24 hr delivery of the bitcoin, on-chain redemption.

At least that's what they are claiming but it doesn't exist in reality, yet.

CME, CBOE are futures contracts that expire in 1-month, 3-month and 6-month periods and settled using cash (fiat).
JayJuanGee
Legendary
*
Offline Offline

Activity: 3752
Merit: 10394


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


View Profile
October 23, 2018, 02:41:09 AM

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now


Hey... it makes more sense to describe physical delivery of a virtual asset, such as "the private keys to X bitcoin" than it does to assert that some real physical asset such as real property or gold is represented on the blockchain, because that is not true.. and that is bullshit if you want to assert that you own Y real estate or Z gold because it says so on the blockchain. 

The physical real property or the physical gold is of a different nature than the private keys to value that is represented in a bitcoin transaction and represented when one person (or entity) transfers the private keys from himself/herself to another.  The value is in the bitcoin itself (and the private keys) rather than some separate physical property that may or may not be deliverable (such as the real property or the gold examples that I mentioned).
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3920
Merit: 2349


Eadem mutata resurgo


View Profile
October 23, 2018, 02:45:47 AM

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
October 23, 2018, 03:40:08 AM

What's Theymos doing with his life these days I wonder? That seastead thing ever get off the ground? So to speak. This digital gold thing doesn't really seem to be panning out. I guess.

All puns intended, obviously.. Roll Eyes
jojo69
Legendary
*
Offline Offline

Activity: 3206
Merit: 4386


diamond-handed zealot


View Profile
October 23, 2018, 03:47:06 AM

oh god

it's crashing
Pages: « 1 ... 21249 21250 21251 21252 21253 21254 21255 21256 21257 21258 21259 21260 21261 21262 21263 21264 21265 21266 21267 21268 21269 21270 21271 21272 21273 21274 21275 21276 21277 21278 21279 21280 21281 21282 21283 21284 21285 21286 21287 21288 21289 21290 21291 21292 21293 21294 21295 21296 21297 21298 [21299] 21300 21301 21302 21303 21304 21305 21306 21307 21308 21309 21310 21311 21312 21313 21314 21315 21316 21317 21318 21319 21320 21321 21322 21323 21324 21325 21326 21327 21328 21329 21330 21331 21332 21333 21334 21335 21336 21337 21338 21339 21340 21341 21342 21343 21344 21345 21346 21347 21348 21349 ... 33448 »
  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!