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

[El duderino_]

Bitcoin things that will never change:
- Retarget window (2016 blocks)
- Block time target (10 mins)
- Halving period: 210k blocks

Means this will never change:
- Emission Schedule

Means this locked:
- 21m Supply Cap

So this is certainty:
- Store of Value

Make sense?


https://twitter.com/jpthor__/status/1110652640818454528

[StephenJH]

https://twitter.com/ChartsBtc/status/1110920138558074880

Good afternoon WO,s

How do I see the graph?

2014/2015 = 2018/2019

Everything indicates calm until the next halving 2020.

Stabilizing at 2x per year...

Next market cycle can lead to x10 in 10 years. Watching closely this indicator.

[El duderino_]

https://bitcointalk.org/index.php?topic=5122750.msg50320991#msg50320991

^
LAST few days don't forget to join, still missing a few regulars

[JayJuanGee]

https://twitter.com/MessariCrypto/status/1110901856589492225
We discovered that Stellar suffered an inflation bug in 2017 that created over 2 billion $XLM, and they quietly patched it with an equivalent token burn.
up 5% today smh

the alt-shitshow never ends. half the industry is an ongoing scam. we need theories about how alts became a thing and why they are still a thing. and we need to come up with a plan to end this this shitcoinery.

I don't think that they can be ended.

They can be tolerated and considered as unimportant, similar how Hairy framed the matter in an earlier post.

Even satoshi seemed to account for them in his very first writings, before such alt coins and imitation attack vectors even existed.

There is a kind of human nature to try to get rich, to try to improve upon things by copying and imitation, and even thoughts about missing the boat on bitcoin and investing into various scams comes off as inevitably part of the playing out that will likely take close to 50 years to play out.. and even then will bitcoin take up 80-90% of value perhaps?  but that remaining 10-20% would be quite difficult (if not impossible) to reign in.  So why spend considerable efforts on fighting them, beyond education and of course, if they directly engage in fraud and deception then the individuals might be prosecuted.. but what more can be done if we are thinking free market principles anyhow and bitcoin is going to attract the vast majority of the value, anyhow?

i think shitcoinery is more dangerous than the "blockchain, not bitcoin" idiots. the latter burn corporate funds and going nowhere, but shitcoins are eating the bitcoiners cake (aka invested money) and the fool masses of people into their scams. the scammed people will not adopt btc, they will hate crypto forever and think btc is the same.
i really wonder how much fresh money invested into crypto moves into shitcoins.

I am not opposed to bad mouthing shitcoins or calling them out for what they are, but I think that you are overstating their importance and negative impact on bitcoin and the space.  There is both good and bad going on with the money (however dumb that you want to label it) coming into the space for shitcoins, alt coins, ICOs and other non-bitcoin related scams, and sure, you are likely correct that some of the losers are going to lump bitcoin in with their problem of getting scammed, but we are increasingly having more and more money coming into the space and finding its way into bitcoin.

Perhaps, you and I read the matter differently, and sure it can be argued either way, but shitcoins and scams are likely part of the explanation for BTC's exponential price rise to $19,666 in December 2017, and no I am not going to give those goofballs credit for causing the rise and fall of bitcoin because at best, they are the tail attempting to wag the dog, but there is some symbi-ism going on here and back and forth relationship regarding financial flows and even providing some distraction of the side-money that would cause bitcoin to be the total focus if they were not to exist.. which a total focus on bitcoin might not be healthy, either.. especially if you have governments and financial institutions narrowing their focus in the bitcoin direction.

In any event, even if what you are saying is true (instead of my positive and negative assessment of the effects of such shitcoinery/scams) I remain confused about what you would be proposing as any kind of meaningful solution to snuff them out... both is it possible with any kind of reasonable approach to snuff them out and what would such an approach be that would not end up causing more damage than the benefits of just letting the market sort the matters out, even if it takes 50 years to sort out.

In the meantime, folks like you and me, and others who are active in this WO thread, recognize the information asymmetry and we are able profit stupendously and on an ongoing basis by our ongoing recognition that bitcoin remains the only meaningful game in town and that the vast majority of the remainder of the space is causing BTC prices to be more suppressed than they should be for further and longer than they should be... but in the end, bitcoin does not give any shits, and I doubt that bitcoin is going to be killed by these kinds of side scam projects.. the only thing that is suppressed is the price for longer and lower.. but in the end, and it is not even likely to take very long, those of us investing in bitcoin on an ongoing basis are going to continue to profit tremendously by our ongoing abilities to sort the wheat from the chaff.     

[El duderino_]

BTC----> 4K (everything said for today i guess)

Then some notable DATES to keep on mind for the month April

-17 APRIL : why ??
-24 APRIL : why ??

[Danslip]

Next month will be interesting to watch. Any predictions for next month and quarter?

[JayJuanGee]

Next month will be interesting to watch. Any predictions for next month and quarter?

Why is next month particularly interesting?  

Isn't every month is interesting and every month critical in bitcoinlandia?  

[El duderino_]

Next month will be interesting to watch. Any predictions for next month and quarter?

https://bitcointalk.org/index.php?topic=5122750.0
^
enough quarter guesses and thoughts ??

[El duderino_]

Next month will be interesting to watch. Any predictions for next month and quarter?

Why is next month particularly interesting?  

Isn't every month is interesting and every month critical in bitcoinlandia?  

why critical?? am i missing something ?
i'm not feeling critical, i'm just feeling less and less critical and more and more relieved that BTC is again a day-month-year stronger and there are less and less "critical" things that can harm in in any way.....

[Danslip]

Next month will be interesting to watch. Any predictions for next month and quarter?

Why is next month particularly interesting?  

Isn't every month is interesting and every month critical in bitcoinlandia?  

My bad Thought there will be something special awaits us during the next month.

Next month will be interesting to watch. Any predictions for next month and quarter?

https://bitcointalk.org/index.php?topic=5122750.0
^
enough quarter guesses and thoughts ??

Appreciate it.

[600watt]

https://twitter.com/MessariCrypto/status/1110901856589492225
We discovered that Stellar suffered an inflation bug in 2017 that created over 2 billion $XLM, and they quietly patched it with an equivalent token burn.
up 5% today smh

the alt-shitshow never ends. half the industry is an ongoing scam. we need theories about how alts became a thing and why they are still a thing. and we need to come up with a plan to end this this shitcoinery.

I don't think that they can be ended.

They can be tolerated and considered as unimportant, similar how Hairy framed the matter in an earlier post.

Even satoshi seemed to account for them in his very first writings, before such alt coins and imitation attack vectors even existed.

There is a kind of human nature to try to get rich, to try to improve upon things by copying and imitation, and even thoughts about missing the boat on bitcoin and investing into various scams comes off as inevitably part of the playing out that will likely take close to 50 years to play out.. and even then will bitcoin take up 80-90% of value perhaps?  but that remaining 10-20% would be quite difficult (if not impossible) to reign in.  So why spend considerable efforts on fighting them, beyond education and of course, if they directly engage in fraud and deception then the individuals might be prosecuted.. but what more can be done if we are thinking free market principles anyhow and bitcoin is going to attract the vast majority of the value, anyhow?

i think shitcoinery is more dangerous than the "blockchain, not bitcoin" idiots. the latter burn corporate funds and going nowhere, but shitcoins are eating the bitcoiners cake (aka invested money) and the fool masses of people into their scams. the scammed people will not adopt btc, they will hate crypto forever and think btc is the same.
i really wonder how much fresh money invested into crypto moves into shitcoins.

I am not opposed to bad mouthing shitcoins or calling them out for what they are, but I think that you are overstating their importance and negative impact on bitcoin and the space.  There is both good and bad going on with the money (however dumb that you want to label it) coming into the space for shitcoins, alt coins, ICOs and other non-bitcoin related scams, and sure, you are likely correct that some of the losers are going to lump bitcoin in with their problem of getting scammed, but we are increasingly having more and more money coming into the space and finding its way into bitcoin.

Perhaps, you and I read the matter differently, and sure it can be argued either way, but shitcoins and scams are likely part of the explanation for BTC's exponential price rise to $19,666 in December 2017, and no I am not going to give those goofballs credit for causing the rise and fall of bitcoin because at best, they are the tail attempting to wag the dog, but there is some symbi-ism going on here and back and forth relationship regarding financial flows and even providing some distraction of the side-money that would cause bitcoin to be the total focus if they were not to exist.. which a total focus on bitcoin might not be healthy, either.. especially if you have governments and financial institutions narrowing their focus in the bitcoin direction.

In any event, even if what you are saying is true (instead of my positive and negative assessment of the effects of such shitcoinery/scams) I remain confused about what you would be proposing as any kind of meaningful solution to snuff them out... both is it possible with any kind of reasonable approach to snuff them out and what would such an approach be that would not end up causing more damage than the benefits of just letting the market sort the matters out, even if it takes 50 years to sort out.

In the meantime, folks like you and me, and others who are active in this WO thread, recognize the information asymmetry and we are able profit stupendously and on an ongoing basis by our ongoing recognition that bitcoin remains the only meaningful game in town and that the vast majority of the remainder of the space is causing BTC prices to be more suppressed than they should be for further and longer than they should be... but in the end, bitcoin does not give any shits, and I doubt that bitcoin is going to be killed by these kinds of side scam projects.. the only thing that is suppressed is the price for longer and lower.. but in the end, and it is not even likely to take very long, those of us investing in bitcoin on an ongoing basis are going to continue to profit tremendously by our ongoing abilities to sort the wheat from the chaff.     

I doubt that the altcoin craze of 2017/18 made btc going into a bubble. opposite to that I think the bitcoin run-up caused the shitoins to rise. interesting question, though. I doubt any symbiotic relationship. it is rather one-sided and rather parasitic.

another interesting question is the role of alts when it comes to regulation. did the existence of thousands of alts cause the regulators to give up on banning bitcoin? I doubt this, but it could be the case. imho regulators are as clueless as shitcoiners and misunderstand btc from every angle possible. regulators would ban bitcoin and just not care about shitcoins. regulators would hear about some shitcoin scam and blame it on bitcoin.

how to stop shitcoinery?  1) bitcoiners unite, 2) call out every scamcoin, 3) fight shitcoiners in all btc forums, make them leave, 4) educate the public about shitcoins, try to help people not losing their money to shitcoin artists, 5) argue against crypto agnosticism, 6) make bitcoiners aware that when they buy shitcoins "only to gain more btc" that they are actually funding enemies of bitcoin, 7) find out how shitcoinery became a thing and develop strategies to prevent a repeating of this shitshow during next run-up, etc etc

yes, shitcoins are holding price of btc down longer and lower. why should we accept this and just wait? why not declare war on every shitcoin?

[JayJuanGee]

Next month will be interesting to watch. Any predictions for next month and quarter?

Why is next month particularly interesting?  

Isn't every month is interesting and every month critical in bitcoinlandia?  

why critical?? am i missing something ?
i'm not feeling critical, i'm just feeling less and less critical and more and more relieved that BTC is again a day-month-year stronger and there are less and less "critical" things that can harm in in any way.....

The next 24 hours are critical.. that's for sure, and asking why is not part of "critical" assessments.   

[LFC_Bitcoin]

The next 24 hours are critical.. that's for sure, and asking why is not part of "critical" assessments.  

For once that statement typed here is true!

Can we stay above 4k or will we slip under it & go back to $3,8xx & start a run up to test resistance AGAIN.....

[Last of the V8s]

bottom signal?
https://www.economist.com/finance-and-economics/2019/03/27/flaws-in-bitcoin-make-a-lasting-revival-unlikely
https://archive.is/iITQg
certainly arsehole signal.

[El duderino_]

The next 24 hours are critical.. that's for sure, and asking why is not part of "critical" assessments.  

For once that statement typed here is true!

Can we stay above 4k or will we slip under it & go back to $3,8xx & start a run up to test resistance AGAIN.....

let us hope not, and just keep our head above 4K, climbing steadily to 5-6-7-10-20-40K etc   

but @ this moment we are already hours between 4000 and 4009

now 4013*

[El duderino_]

bottom signal?
https://www.economist.com/finance-and-economics/2019/03/27/flaws-in-bitcoin-make-a-lasting-revival-unlikely
https://archive.is/iITQg
certainly arsehole signal.

meh, HM was our bottom signal 

*or maybe the WO boringness of today is a signal?

[LFC_Bitcoin]

bottom signal?
https://www.economist.com/finance-and-economics/2019/03/27/flaws-in-bitcoin-make-a-lasting-revival-unlikely
https://archive.is/iITQg
certainly arsehole signal.

meh, HM was our bottom signal  

*or maybe the WO boringness of today is a signal?

The whole forum is quiet lately isn’t it. I miss the busy days of bull runs
Gifs, memes, happy WO bro’s popping champagne, patting each other on the back. Maaaaan, we need to enjoy the next bull run a lot more.



Edit - Look at my Activity - 1666 & my Post Count - 12019

It’s a sign for something

[El duderino_]

^
dammit i'm not the "666" kinda guy
don't doom us 

777-2019 would be a different story

[LFC_Bitcoin]

^
dammit i'm not the "666" kinda guy
don't doom us 

777-2019 would be a different story

mic, I just looked at your profile. How the fuck have you only been here since 2017
Feels like you’ve been here forever, man. Also your Merit score is insane considering you didn’t get the 1000 airdrop from theymos to begin with

[Last of the V8s]

falling asleep at the wheel NSFW https://imgur.com/tJQ12xY