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Question: When New ATH?
Apr. 11 - 2 (6.1%)
Apr. 12 - 3 (9.1%)
Apr. 13 - 4 (12.1%)
Apr. 14 - 5 (15.2%)
Apr. 15 - 4 (12.1%)
Apr. 16 - 1 (3%)
Apr. 17 - 3 (9.1%)
After Apr. 17 - 11 (33.3%)
Total Voters: 33

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25252737 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. (157 posts by 13 users deleted.)
Cryptotourist
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December 22, 2018, 03:02:59 PM



Max at $4750-$5250 for Q1 imho... & then of to a 2019 new low Lips sealed
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BTCMILLIONAIRE
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December 22, 2018, 03:06:07 PM
Merited by d_eddie (1)

Fundamentals of BTC can not be properly quantified right now, hence a market without "obvious" fundamentals.
Huh?  Why does it matter?  I recall taking courses in economics, and I would frequently criticize some of the theories for attempting to place too much quantification on various aspects of human behaviors, but it does not hurt to make attempts and in the end, some people are going to be better (and more accurate) at such quantifications than others, even while there are going to be areas of uncertainties and even, perhaps, misplaced concreteness.


In stocks you can calculate (or just read) almost all the data you need to project revenue and profits and thus a band for your ROI.

Of course, the longer the history and the more mature (and even comparable) the asset class is going to cause predictive models to be more accurate.


With crypto this is completely and utterly impossible right now.

Never say never.

You seems to be creating more futility than is warranted with your statement of absolutisms, here.


Which is also why the market is doing its usual technicals driven ups and downs with no obvious walls given by fundamental analysis.

Huh?  You are losing me.

From my understanding, our current BTC price dynamics is experiencing a considerable amount of price battle, which is demonstrated by recent increases in trade volume (measured in dollars), so there is a price battle going on and we will find out which way the price goes from such battle.  Does not seem to be different from the usual bitcoin situation, and many folks who watch the bitcoin space are going to understand that it becomes much more difficult for any small group to manipulate BTC prices when trade volumes are high.  In other words, it is going to cost a lot of fucking money (or value) to manipulate BTC prices during times like these (high trade volume) times, yet such high costs of manipulation and push also can have some potential for considerable profits for one side or the other to experience considerable gains if such side can get the BTC price to break into their preferred direction.

So there is frequently uncertainty regarding which way such price battle is going to play out including the current price battle, but that does not mean that there are not tools that peeps have in order to attempt to predict both the direction outcome and the degree in which it will break, assuming that it breaks (which is also not certain, because it could just end up going sideways and the battle reaches a truce, which seems like the lesser of the likely outcomes during periods in which the trade volume picks up like it currently has picked up).
Economics is a joke that has, in its current form, no place at institutions of higher education.



You're conflating two things here. More below.



With no word have I said 'never'. I specifically pointed to the current state of crypto, which makes fundamental analysis (beyond mining cost) completely impossible. Hence, no obvious fundamental value that can give you any idea of where we are currently standing.



As said, you're conflating all of my post with the chart drawing you see most of in these places (crypto). The chart drawing and analysis is part of a branch called technical analysis. It tries to identify trends and shifts in market psychology.
What I was talking about is fundamental analysis, which is much more objective (to the point of accuracy of data) as it analyses underlying assets, costs, profits, revenue as well as risk and opportunity premiums and so on of a business.
Thus, fundamental analysis gives you an objective value of a company, around which the stock price fluctuates.

Technical analysis tries to quantify the fluctuations (stemming from market psychology and the implied trader behaviour).

Bitcoin's price stands almost exclusively on the emotional and speculative leg of technical analysis right now, and that won't change until we get to a scenario where "Y proportion of X market" is traded against BTC. This is also why Bitcoin went from 20k to 3k. Because technicals pointed towards that being the likely outcome (note that nothing will ever give you the exact numbers without).
If Bitcoin could be assigned a fundamental value of $10k we would've most likely not seen a significant drop below $10k, as FOMO would kick in and revert the price towards its fundamental value. Similarly, it would retrace from $30k to $20k if the latter was its fundamental value, as people would sell in order to buy back at a price closer to the "real" value.
Technical indicators give you a confidence interval for the deviation from the fundamental value as well as the speed of convergence towards it. But since that doesn't exist in Bitcoin, a quasi-fundamental value is given mostly by mining price + moving averages (technicals). Hence, it doesn't matter if Bitcoin is more "mature" until a fundamental value is near universally agreed upon by global markets and easily identifiable. It'll keep trading more or less the same until then.

P.S. The 'battle' is mostly just trading based on technicals with some people getting caught in between and making up narratives that fit the current market. Hence the odd timing of news stories and whatnot. They push trades implied by fundamentals over the edge so to speak.
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December 22, 2018, 03:13:44 PM

Fuck.

It's unlikely the CFTC will act in time for ICE to launch Bakkt as planned on Jan. 24, CoinDesk has learned.

https://twitter.com/coindesk/status/1076285284654989313
The new 'China bans Bitcorn'?
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December 22, 2018, 03:35:01 PM

I don't see it. And not only because the transaction details on the bank account only show the lump sum paid for groceries with no details regarding individual items.

But those details are in the store's database, and when it gets hacked and sold, it then gets connected with your bank details. Bingo, all is known.
A scenario in which I'd have to worry about anyone knowing about what I bought at what time combined with somebody hacking the database and leaking it to my unlikely enemy in an already unlikely scenario is so infinitesimally likely that I still don't see the point for any practical intent. Seems much more sensible to be worried about talking around your phone and even that would be at the very least edging on tinfoil.
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December 22, 2018, 03:51:07 PM





goodmorning,CCMF's gogogo weekend F***ing PUMP BTCBTCBTC

Let me take the train, stop!!!!!!!!

I guess I have to hop on, there's no stopping on it.

The guy walking beside the train must be an no/alt-hatter peasant...
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December 22, 2018, 04:00:16 PM
Last edit: December 22, 2018, 05:07:50 PM by bitserve

I don't see it. And not only because the transaction details on the bank account only show the lump sum paid for groceries with no details regarding individual items.

But those details are in the store's database, and when it gets hacked and sold, it then gets connected with your bank details. Bingo, all is known.
A scenario in which I'd have to worry about anyone knowing about what I bought at what time combined with somebody hacking the database and leaking it to my unlikely enemy in an already unlikely scenario is so infinitesimally likely that I still don't see the point for any practical intent. Seems much more sensible to be worried about talking around your phone and even that would be at the very least edging on tinfoil.

Yeah, I don't see how any of that could be used in a court as evidence. Plus the fact that I do buy heaps and heaps of beer doesn't mean I do drive under the influence... and even if I did, it would need to be PROVEN in accordance to established lawful procedures.

Of course, if you are going to buy illegal goods or services, yeah, better use cash, but I guess no one would be able to use a credit card even if he wanted to be so reckless, right?

I would be more worried about my search history (basically any and all nefarious things conceivable is included)... which I can perfectly and reasonably explain of course.

One thing is to care about privacy and another different thing is to make your life unnecessarily cumbersome and miserable out of extreme paranoia. A balance here would be healthier. I learned that DECADES ago, when I was a truly extremely paranoid person. It was not worthy nor justified.

Otherwise one risk ending like r0ach, who claims to NOT have a smartphone (maybe not even an old non-smart cellphone I don't remember).

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December 22, 2018, 04:20:28 PM

Great spirit is positive, highest dec 2018 stamp price:
$4,172   - 14 (31.1%)
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Any questions related to my signature site? PM me!


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December 22, 2018, 04:27:08 PM

Fun fact:

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December 22, 2018, 04:31:13 PM

https://i.imgur.com/wmcYTJO.png



goodmorning,CCMF's gogogo weekend F***ing PUMP BTCBTCBTC

Let me take the train, stop!!!!!!!!

I guess I have to hop on, there's no stopping on it.

ask XhomerX to fix you a proper HAT

and i'll make sure your on it Cheesy

This hat isn't valid? Hope Homer will notice this one, or if it's okay to message him?


 I just finished a night shift and I was supposed to pick up the turkey before I sleep but my wife has graciously offered to do that for me to allow me time to make one WO hat before I go to bed.
Hope it fits!

<--snip-->

avatar-sized

<--snip-->


Thanks Homer I appreciate it, this is so cool and hope bullishness comes up too as I will always wear it.
I guess I can get the reservation space now on the train. Thanks again.
El duderino_
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December 22, 2018, 04:35:20 PM

https://i.imgur.com/wmcYTJO.png



goodmorning,CCMF's gogogo weekend F***ing PUMP BTCBTCBTC

Let me take the train, stop!!!!!!!!

I guess I have to hop on, there's no stopping on it.

ask XhomerX to fix you a proper HAT

and i'll make sure your on it Cheesy

This hat isn't valid? Hope Homer will notice this one, or if it's okay to message him?


 I just finished a night shift and I was supposed to pick up the turkey before I sleep but my wife has graciously offered to do that for me to allow me time to make one WO hat before I go to bed.
Hope it fits!

<--snip-->

avatar-sized

<--snip-->


Thanks Homer I appreciate it, this is so cool and hope bullishness comes up too as I will always wear it.

I guess I can get the reservation space now on the train. Thanks again.



find yourself Wink
Globb0
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Free spirit


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December 22, 2018, 04:40:09 PM

See the troll slum in the background
Hexah
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December 22, 2018, 04:40:26 PM

https://i.imgur.com/wmcYTJO.png



goodmorning,CCMF's gogogo weekend F***ing PUMP BTCBTCBTC

Let me take the train, stop!!!!!!!!

I guess I have to hop on, there's no stopping on it.

ask XhomerX to fix you a proper HAT

and i'll make sure your on it Cheesy

This hat isn't valid? Hope Homer will notice this one, or if it's okay to message him?


 I just finished a night shift and I was supposed to pick up the turkey before I sleep but my wife has graciously offered to do that for me to allow me time to make one WO hat before I go to bed.
Hope it fits!

<--snip-->

avatar-sized

<--snip-->


Thanks Homer I appreciate it, this is so cool and hope bullishness comes up too as I will always wear it.

I guess I can get the reservation space now on the train. Thanks again.



find yourself Wink

Found it....
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December 22, 2018, 04:46:01 PM

See the troll slum in the background

haha yeah the nocoiners are not on the train LoL

r0ach ain't not on it his in the basement of that F***ed up building there in the back, that butterman cartman is walking on the side

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December 22, 2018, 05:05:23 PM

https://www.reddit.com/r/Bitcoin/comments/a8klo5/saifedean_ammous_bitcoin_or_shitcoin/

Saifedean Ammous: Bitcoin or Shitcoin?
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December 22, 2018, 05:07:51 PM


haha

bcash or other alt-shitcoins are an IQ test if you FALL for them you failed  Cheesy  Wink  Grin
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December 22, 2018, 05:08:26 PM

Recap

Here is a list of the top 10 crypto days that took place in 2018 related to the blockchain and cryptocurrency sector.

https://cryptonomist.ch/en/2018/12/22/top-10-crypto-days-2018/
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December 22, 2018, 05:11:58 PM

Warning:

Movement HODLERS if you do not have your private keys you do not have Bitcoin, Trace Mayer [Jan / 3➞₿ 🔑∎] want the day January 3 2019 to be an annual celebration to declare the monetary sovereignty with the withdrawal of all the BTC from the exchanges.

Proof of Keys on Jan. 3 Gains Traction

https://twitter.com/TraceMayer/status/1071870548421066753?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1071870548421066753&ref_url=https%3A%2F%2Fethereumworldnews.com%2Fbtc-withdraw-bitcoin-exchanges-proof-of-keys%2F

https://news.bitcoin.com/support-grows-for-bitcoin-proof-of-keys-on-jan-3/

https://bitcoinexchangeguide.com/bitcoins-proof-of-keys-protocol-continues-to-gain-support-honoring-btcs-10th-anniversary-jan-3-%F0%9F%94%91/

If it is fulfilled, it will be a tough Stress Test for exchanges.
The problem may be in exchanges that are not solvent or those that manipulate the books.

What do you think about this?

Will collapse bitcoin transactions if there is an exchange that does not have its bitcoins for the withdrawal of its clients?

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How much alt coin diversification is needed? 0%?


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December 22, 2018, 05:14:02 PM

bitcoin has a global recognition, BCH has the largest manufacturer of miners, ETH has apps, DASH has anonymity. What other coins mean?

Why don't you take your random "other coins" stream of "meaning" consciousness to some other thread(s)?
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December 22, 2018, 05:19:49 PM
Last edit: December 22, 2018, 05:37:04 PM by bitserve

Warning:

Movement HODLERS if you do not have your private keys you do not have Bitcoin, Trace Mayer [Jan / 3➞₿ 🔑∎] want the day January 3 2019 to be an annual celebration to declare the monetary sovereignty with the withdrawal of all the BTC from the exchanges.

Proof of Keys on Jan. 3 Gains Traction

https://twitter.com/TraceMayer/status/1071870548421066753?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1071870548421066753&ref_url=https%3A%2F%2Fethereumworldnews.com%2Fbtc-withdraw-bitcoin-exchanges-proof-of-keys%2F

https://news.bitcoin.com/support-grows-for-bitcoin-proof-of-keys-on-jan-3/

https://bitcoinexchangeguide.com/bitcoins-proof-of-keys-protocol-continues-to-gain-support-honoring-btcs-10th-anniversary-jan-3-%F0%9F%94%91/

If it is fulfilled, it will be a tough Stress Test for exchanges.
The problem may be in exchanges that are not solvent or those that manipulate the books.

What do you think about this?

Will collapse bitcoin transactions if there is an exchange that does not have its bitcoins for the withdrawal of its clients?



After much consideration I have decided to participate on it.

Maybe many people won't, I donno, but I think it is a good initiative.

An advice to anyone that doesn't feel like they should do it for whatever reason... I have one additional argument to try convince you:

If the initiative gets enough following and you have the bad luck of having some of your bitcoins on custody in an exchange involved in some sort of fractional banking you will probably lose your bitcoins if they run out of them and you are still there before everyone wanting to participate finish getting their bitcoins out.

Also, don't wait until the last days to do it. Don't be the last guy there risking your bitcoins.

Don't say I didn't warn you Wink
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December 22, 2018, 05:22:04 PM



roger ver....= delusional fool ?

time to go and have some food and alcohol.... pre xmass nocoiner table prepup Wink

getting my stomach ready for monday Roll Eyes

CHEERS WO's
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