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Question: Oct. 23 Closing Price:
<$8,000 - 2 (3%)
$8,000-$8,500 - 0 (0%)
$8,500-$9,000 - 0 (0%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 0 (0%)
$10,000-$10,500 - 1 (1.5%)
$10,500-$11,000 - 0 (0%)
$11,000-$11,500 - 3 (4.5%)
$11,500-$12,000 - 5 (7.6%)
$12,000-$12,500 - 16 (24.2%)
$12,500-$13,000 - 12 (18.2%)
$13,000-$13,500 - 8 (12.1%)
$13,500-$14,000 - 5 (7.6%)
>$14,000 - 14 (21.2%)
Total Voters: 66

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23394157 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. (148 posts by 37 users deleted.)
Biodom
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December 04, 2018, 05:38:43 AM
Last edit: December 04, 2018, 08:15:26 AM by Biodom
Merited by JayJuanGee (1), Last of the V8s (1)

I wonder what is the estimated probability for a 100K party within 5 years from today (in regulars opinion).

IMHO, 10%. Granted, going into 2018 I thought that it is close to 80-90%.



IMO $100k per coin will be reached within 5 years.

The road from $100k to $1m will be the same rollercoaster as going from $10k to $100k.

We haven't seen anything yet, consider Bitcoins enormous potential with only 21m ~18m coins.....(mindblowing numbers)

I'll pick up this argument even though I would like nothing more than 100k (or more).
Points:

1. Bitcoin is showing a propensity for too much volatility. It is OK for a $1bil asset to decline more than 80%, but it is different (inappropriate) for a $300-350bil asset. It should have shown a bit more maturity. It did not.
It is still barely hanging within respectable params, but below $2.8K (85-86% decline) all bets would be off.

2. Apart from lightning that is making good progress, what exactly is happening, technology wise? Last time I checked blockchain.com wallet has about 80-90% similarity to the 2014 version.

3. "They" did a job on us with the futures and now gloat about it. No matter, "they" will be the ones to miss more powerful bitcoin when their SHTF.

4. Nobody have a slightest idea where bitcoin is going price-wise and why. A gigantic gap in future valuation estimates (between nothing and 100tril) shows that the matter is not settled even after millions of people first learned of bitcoin in the fall of 2013.
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December 04, 2018, 05:43:13 AM

I wonder what is the estimated probability for a 100K party within 5 years from today (in regulars opinion).

IMHO, 10%. Granted, going into 2018 I thought that it is close to 80-90%.



IMO $100k per coin will be reached within 5 years.

The road from $100k to $1m will be the same rollercoaster as going from $10k to $100k.

We haven't seen anything yet, consider Bitcoins enormous potential with only 21m ~18m coins.....(mindblowing numbers)

Forgive me for being 1,111 pages behind, ( TL:DR) but with all the DUST, lost seeds, lost hard drives and basic human stupidity, I think there is far less BTC really out there.
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December 04, 2018, 05:58:25 AM

Fucking hell

realr0ach
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December 04, 2018, 06:08:02 AM

Ok. See. Right there is one of the reasons I outright ignored JJG.

Even though I'm pretty sure JayJuanGee is a Google chat bot that just cut and pastes things from dictionaries, from an outside, non-biased perspective, I would say he has more shitcoin credibility due to the fact BOB was telling everyone NOT to sell at the top while he was dumping everything.  Then he typed something like "thanks guys, I'm now a millionaire" right after.  It was something resembling an altcoin pump and dump group from the year 2013.

He didn't say it once, but numerous times telling all the other shitcoiners in the thread not to sell while he was.  Lucky for Bob, I seem to be the only person that remembers that.
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December 04, 2018, 06:16:42 AM

IMO $100k per coin will be reached within 5 years.

You don't seem to be aware that even with one more halving, for the price to rise to $100k, the amount of mining would also need to rise an order of magnitude...or more, and then bitcoin would probably use more power than the entire United States.  If you claim that scenario is plausible, you are either a scammer or have a peanut brain.  

There is a limit to how high these imaginary, valueless tokens can be pump and dumped due to the PoW mechanism.  The only reason it was able to go as high as it did was because Bitmain still had mostly a monopoly on the entire sector, which means the price can then vastly diverge from cost of production.  If people like Samsung and whoever else bring in competition, the cost of production will then need to be raised much higher in order to successfully pump up the price.

TLDR:  the more centralized a coin is, the easier it is to pump something.  Bitcoin is almost completely centralized by Bitmain mining and in-house market rigging, which is why the price went up a lot.  If other people bring competition in mining, there will be no $20k coin prices with a $3k cost of production ever.
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December 04, 2018, 06:20:19 AM

A little shake down...
... and one up.
becoin
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December 04, 2018, 06:24:56 AM

Fucking hell

Why?
I love to gobble up cheap coins!
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December 04, 2018, 06:27:51 AM
Merited by Last of the V8s (1)

Fucking hell

Why?
I love to gobble up cheap coins!

Call me paranoid, but I just see quickening stop hunting expeditions.

When I suspect some of this jabberwockery might be coming, I like to open an opposing position, preventively set up to cash out asap. The preventive setup is essential for platforms where the system just gets "too busy" to place/edit orders on fast movements - if they don't plain disconnect you, which just happened to me.

And keep the leverage/exposition low, low, low. They will fuck with you if the position's "too big not to fail".

/paranoia
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December 04, 2018, 06:32:19 AM

Fucking hell

Why?
I love to gobble up cheap coins!

Call me paranoid, but I just see quickening stop hunting expeditions.

I love to hunt stop hunters!
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December 04, 2018, 06:35:38 AM

I like to open an opposing position, preventively set up to cash out asap. The preventive setup is essential for platforms where the system just gets "too busy" to place/edit orders on fast movements - if they don't plain disconnect you, which just happened to me.

And keep the leverage/exposition low, low, low. They will fuck with you if the position's "too big not to fail".

/paranoia

What is this scribbling supposed to mean?
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December 04, 2018, 06:36:25 AM

Ok. See. Right there is one of the reasons I outright ignored JJG.

Even though I'm pretty sure JayJuanGee is a Google chat bot that just cut and pastes things from dictionaries,

That's ridiculous.  If I cut and paste anything from the interwebs, someone would have spotted that by now.  NOT so difficult, these days.

My texts are 97.82140356995% original, which is pretty damned closed to 100%

from an outside, non-biased perspective, I would say he has more shitcoin credibility due to the fact BOB was telling everyone NOT to sell at the top while he was dumping everything.  


Bitcoin is not a shit coin, dumbass.  Get your shitcoins straight, otherwise infofront might have to eject you from this thread for mere stupidity... I mean even dumber than your usual PM pumping stuff.   Roll Eyes Roll Eyes

Then he typed something like "thanks guys, I'm now a millionaire" right after.  It was something resembling an altcoin pump and dump group from the year 2013.

He didn't say it once, but numerous times telling all the other shitcoiners in the thread not to sell while he was.  Lucky for Bob, I seem to be the only person that remembers that.

You have said it a few times before, so just in case anyone might have possibly forgotten, you have been there to save WO readers (anyone reading your posts) from any possible loss of memory and repaint your exaggerated story in your own misleading and distracting kind of way.  

Thanks Roach:




NOT
realr0ach
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December 04, 2018, 06:41:21 AM

Bitcoin is not a shit coin, dumbass.

Of course it's a shitcoin.  It's a fake imitation of gold - a fugazi.  Every coin that's not silver or gold is a shitcoin.
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December 04, 2018, 06:42:38 AM


OK. I've just read about that (life expectancy vs. span) and I now see your point, which however doesn't change the big picture. Low average means that if you pick one existence at random among the actual ones that there were, you are likely to be cut off before you taste, say, the joy of sex. In other words, not everyone can be Plinius' aunt.

I agree that a hunter-gatherer life, if purged of the inevitable brutality, is more fun in mostly any way. No boss but the priest. Easier women. Not much to fear from your peers (except for the other gang, well they too will eat you for obvious reasons, but that's just normal).


Thanks for giving it a look eddie.  One of the things I value about this place is folks actually considering other ideas.  Most of the internet is entrenched Ideologues talking past each other.  Of course we have plenty of that here also, but a good core of people having actual conversation.
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December 04, 2018, 06:43:54 AM


Quote
(the joos woof woof)

You have said it a few times before, so just in case anyone might have possibly forgotten, you have been there to save WO readers (anyone reading your posts) from any possible loss of memory and repaint your exaggerated story in your own misleading and distracting kind of way.  

Thanks Roach:


Are you white-knighting Bob with our local Nazi silverbug?  Shocked

I mean, black and gay... this might be impossible to pull off even in 2.5-3.5k words.
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December 04, 2018, 06:45:00 AM
Merited by JayJuanGee (1), exstasie (1)

We haven't seen the bounce yet.

From 2014 until now i’ve seen at least Six 2x reversals after severe dumping like this.
_____________

Additionally

Do not ignore the altcoin market and its significance in catapulting the price of BTC back in 2017 and soon in 2019-2020. The current capitulation has sent some of the legit alternative blockchain projects to insanely low marketcaps (talking about the sub $15M), so low that people might get FOMO on them once again, generate enough 10-50x returns to create a snowball effect, and contribute to the catalyst of the next crypto bull run in the process.

The altcoin market is here to stay and the hundreds of legit projects of today and tomorrow will continue to create demand and drive the price of BTC up. For the ignorant BTC maximalists: do not underestimate the 47% altcoin market share and the hundreds of thousands of lines of codes that are being written every day to improve the ecosystem.  

 
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December 04, 2018, 06:49:19 AM


The big shorts squeeze






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December 04, 2018, 06:50:52 AM

our local Nazi silverbug?

Perestroika is coming, goyim.

Quote
BBC report on the “Gilets Jaunes” protests in Paris. As the journalist talks, from about 4:57 you hear one of the protesters shout “Macron, Pute à Juif!”. [Macron, whore to the Jew].

https://dailystormer.name/gilets-jaunes-protests-macron-whore-to-the-jew/
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December 04, 2018, 06:51:05 AM
Last edit: December 04, 2018, 07:05:15 AM by d_eddie

Well, should probably go without saying, I rescind my offer of throwing a $100k party, if/when the milestone is achieved. If I've fucked up an intended good-faith beer offering in this thread so badly due to bad planning/foresight on my part or whatever, I have no business pondering more grandiose "events". Not to mention the considerable scorn I have accrued, bearing down upon me, is beginning to weigh heavily on me.

All my calls have turned out to be contrarian, looking back through the lens of retrospection.

I offer nothing of value to this thread.

I should just delete this account and get on with life in meatspace...
Come on, Bob, don't be a drama queen now. You know you can check out any time you like...
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December 04, 2018, 06:54:03 AM

Bitcoin is not a shit coin, dumbass.

Of course it's a shitcoin.  It's a fake imitation of gold - a fugazi.  Every coin that's not silver or gold is a shitcoin.

Congratulations, roachie poachie.

You have attempted to make a thematic connection of your post to the topic of bitcoin.  I am so proud of the improvements you are making from time to time.

Just in case you did not realize, Bitcoin has some modeling on sound money aspects of gold, so in that regard it is a kind of attempt at improving gold, which surely if you look into the matter a bit further, you will recognize that we no longer live in the stone ages (and Armageddon is not too likely either).  Therefore, bitcoin seems to have vast abilities to improve upon gold in a number of ways including its scarcity, verifiability, divisibility, portability and likely various other aspects.

Based on bitcoin's decentralization, it has become the most sound of money ever created, and alt coins (aka shitcoins) don't tend to have the same level of bitcoin's decentralization, and they are frequently inadequate imitators of bitcoin and frequently misleading or attack vectors on bitcoin, and that is part of the reason why alt coins are referred to as shit coins. 

Bitcoin would not be referred to as a shitcoin, unless it were to be proven that there is some kind of scamming or inauthenticity going on with bitcoin, and anyone, such as yourself, who might be attempting to make such claims, will need to show factual and/or logical evidence to demonstrate your points, which I doubt that you can because you frequently go off topic and I doubt that you have ever been able to show any facts that bitcoin is anyway deceiving or scamming in what it purports to be.   
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December 04, 2018, 07:00:35 AM


Quote
(the joos woof woof)

You have said it a few times before, so just in case anyone might have possibly forgotten, you have been there to save WO readers (anyone reading your posts) from any possible loss of memory and repaint your exaggerated story in your own misleading and distracting kind of way.  

Thanks Roach:


Are you white-knighting Bob with our local Nazi silverbug?  Shocked

I mean, black and gay... this might be impossible to pull off even in 2.5-3.5k words.

I was just attempting a short rebuttal of the bug that happened to make responsive statements about both me and Bob... so any defense of Bob was incidental, not purposeful, and seemingly not too likely to fit a "white knighting" categorization.. .  I would not want that... hahahahahaa
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