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

[El duderino_]

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Thank you so very much sir!! Now I have to start collecting merits, though I don't see any life-changing posts coming from me

Maybe you can zoom in on the eyes just a bit? Leave the eyes on the edges, so they would be a bit more visible. You're the designer, I'm sure you know what to do

Thanks again, sending my last merit on the way.
[/quote]


your in here and in BTC thats life changing enough .... cannot help out much more @the moment, but you will get there. 

[1679948545]

1679948545

[Globb0]

[Kylapoiss]

your in here and in BTC thats life changing enough .... cannot help out much more @the moment, but you will get there. 

I will I will, slow and steady, not in a hurry anyways Would be nice to wear the hat though

Cheers mate

[El duderino_]

hat update and increasing

   







= first creation collectors item
= still in protest !!!!!!!!!!
=magic altcoin hat 

=LFC's pride on monday
=in need of a PROPERLY hat 
= nice for fun..... wanted by hueristic (its a f***ing cool one) !!
= I GUESS no XhomerX workzzz ?
= in a foreseeable future reserved for Kylapoiss, merit issue's



still in progress ? vapurminer,LFC,raja_mbz,karatma,sirazimuth,searing,poolminor,BTCMILLIONAIRE,savetherainforest,cAPSLOCK,mindrust,torque,crypmike,hueristic,lightfoot etc........ pfffffffff   still long way to go (and keep coming up with colour combo's) 

catching them all

[wachtwoord]

I don't see any connection either way.  Certainly when bitcoin was $2, it was just geeks mining and a few people taking punt.  Big money didn't get involved until 2013 at the earliest, since then technical has been far more important than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

you made me look at the charts for gringo stock market and you seem to be quite wrong

Exactly.... most of the correlation, to the extent that it could exist in some kind of way, is coincidental, more than anything.

Bitcoin is a quite different asset class, and so immature that it is going to take a long while for the correlation dynamics (to the extent that they might exist short term) to get worked out.

When an asset, such as bitcoin, is in the very early stages of adoption and likely at the bottom of the hockey stick, you are not going to find too many assets in that same stage of development and adoption.

Technicals work on the short term and looking in retrospect, but with bitcoin you also have to consider the fundamentals that continue to keep the underlying hockey stick that sometimes is difficult to see in the short term and while we are in the midst of it... but the fundamentals are going to drive the technicals beyond the little categories and boxes in which they try to short term predict bitcoin's imminent downfall that never seems to actually happen because of the underlying and unseen hockey stick - that only some peeps can appreciate such invisible hockey stick for being present.   

Evidence to confirm Bitcoin's low correlation to other asset classes at least until the beginning of 2017:

https://www.signalplot.com/what-is-bitcoins-correlation-with-other-financial-assets/

[HI-TEC99]

[Last of the V8s]

V8 is a fucking abomination
total scamcoin, that
mining ravens instead
it's the future
well it's got more upside anyway
screw you, burnypony

[Last of the V8s]

...If there is significant counter argument, I'd appreciate a link.

...but as you know even cooks[sic] get something right sometimes and i myself get everything wrong almost all the time.

fact. https://twitter.com/danheld/status/1047884852454862849

[Rosewater Foundation]

Mister Vegetable cocktail needs someone to talk to.

I'm awake. I'm almost someone!

[Kylapoiss]

Hey, I wrote a poem, I know many were left out, but as time passes I'll prolly get to know ppl better and add them in the future.


I'm just loving the WO thread,
telling everyone, let the love spread.
All the cool guys wearing homers hats,
though some not, they're prolly nuts.

Mic with all those cool games and stuff,
giving out free BTC, it's not a bluff!
Hairy and his graph predictions,
a bit bearish, but giving us directions.

For moderating we have infofront,
spam and shittalk, oh no you don't!
JJG who talks too much,
we sometimes say, take down a notch..

Boblawblaw the most fabulous gay,
you need a beer? Him ask you may.
Jimbo the great Canadian hey ho
buying together all of the Mexico.

r0ach with gold, silver and tin,
hey mate, throw 'em in the bin!
Theres more nice guys here I bet,
When time goes on, to know you I get.

LFC Torque Hueristic Vapourminer,
Crypmike Mindrust Karatma Poolminor,
Raja Savetherainforest BTCmillionaire,
cAPSLOCK sirazimuth goldkingcoiner Jbreher,
Searing v8 Yefi Rosewater,
That is all, I'll continue this later.

[HairyMaclairy]

A minor bullish divergence.   Slight separation from the red line.

Doesn’t really count as anything yet but needs to be watched in case it blows up. 

[kurious]

Evidence to confirm Bitcoin's low correlation to other asset classes at least until the beginning of 2017:

https://www.signalplot.com/what-is-bitcoins-correlation-with-other-financial-assets/

I hope it does stay that way, too - the fresh money which will pour in on the next hike will largely be institutional.  For institutional capital, a lack of correlation is the real appeal. I have that from a Hedge fund manager (macro trader) I know who told me how they see things.  The institutional investment industry is watching, salivating and waiting for a safe way in, via ETFs etc. thinking: 'Wow a whole new asset class that doesn't correlate to play with!' For them, it's a unicorn.

OK, huge institutional money actually directly in the market is a double edged sword - however, I doubt crypto can build to the new heights largely on retail investors anymore. 

[Wekkel]

A nice Saturday read: On Schelling points, network effects and Lindy: Inherent properties of communication by Willem Van Den Bergh https://link.medium.com/iyZDuYDAaR

Fidelity chiming in: The Evolution of Digital Cash by Fidelity Digital Assets https://link.medium.com/WKO0ukeBaR

[xhomerx10]

All you know and love, The fundamental building blocks you are made of, are popping in and out of existence all the time. Can you imagine that? Sometimes you exist, sometimes you don't. In fact, the entire universe just popped into existence. It should have popped out again, but for some reason we don't know yet, there was an imbalance between matter and antimatter. Matter and antimatter should have canceled each other out. But here we are, living in a world that is expanding faster and faster. What happens when the expansion starts slowing down? Or stops? You are the universe observing itself and asking these questions.


OK I am freaking out. Gunna go clean the bathroom. When you guys drop acid do your fingertips get cold too?

What was before the universe popped into existence? Where did the matter and dark matter come from? Can there be life made of dark matter, where matter is the "mysterious" one? I doubt things are really over with us expanding into oblivion, where protons, neutrons and electrons never meet again, there might be just a new start, maybe in a totally different way. I also doubt that water only is the single source of life like mainstream science suggests, there might be endless possibilities. One thing is for sure, universe is full of life. Brain goes on fire thinking of that subject, guess it's too much to cope with.

The whole body seems to get a bit colder when dropping acid, that might be just due to overall rise in sensitivity. Good to know there are some other psychonauts around here

A while back, there was the idea being thrown around of a WO Vegas party to celebrate $100K.  Instead, we could all just meet up wearing our avatar hats and drop acid. What could go wrong?

The heads in this forum united together on acid? It might be even more revolutionary than Bitcoin itself. The hats would probably give an extra brain boost

 ...and this one looks like a trip



Avatar-sized



 The detail in the face doesn't show too well in the avatar version but I'll let you decide.

Thank you so very much sir!! Now I have to start collecting merits, though I don't see any life-changing posts coming from me

Maybe you can zoom in on the eyes just a bit? Leave the eyes on the edges, so they would be a bit more visible. You're the designer, I'm sure you know what to do

Thanks again, sending my last merit on the way.

 I don't incrementally backup as I create an image so making changes to an existing image means starting from scratch once I close the program.   I knew yours didn't look quite right so I still had the image open while I was working on mfort's hat in case I needed to make a change and my software crashed.    
Long story short, this hat will be ever so slightly different but still has the same overall appearance.



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[El duderino_]

 


mmmm good chart

[StartupAnalyst]

To the moon, version 2018.

A new version

[El duderino_]

[kurious]

A nice Saturday read: On Schelling points, network effects and Lindy: Inherent properties of communication by Willem Van Den Bergh https://link.medium.com/iyZDuYDAaR

That was a great read.  I don't agree with all of it, but the Schelling / Lindy effects when applied to protocols makes a lot of sense.  The only gripe is it's not strictly true that BTC is the only decentralised, open source unit of exchange / SOV crypto protocol.  But I can live with that.  Bitcoin blowing away the dollar?  We shall see... but this made it sound far more possible than I previously thought.

Thanks!

[lightfoot]

So we're still stuck at 6500 or so, is bitcoin the new stablecoin?

[Torque]

...If there is significant counter argument, I'd appreciate a link.

...but as you know even cooks[sic] get something right sometimes and i myself get everything wrong almost all the time.

fact. https://twitter.com/danheld/status/1047884852454862849

You're wasting your breath V8.

The fact that these shitcoin lovers want to chide Bitcoin for somehow having an unfair launch and subsequent distribution, when the majority of every shitcoin since has been at least 1000+ times worse (massive premining, insiders and devs getting massive first distributions off the books, etc.), is the height of hypocrisy.

I mean just look at Litecoin (one I consider a somewhat fair launch), with what...7-8+ million LTC sitting in the hands of like 1-2 chinese exchanges? And that's not even the worst shitcoin distro, not even close.