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

[sirazimuth]

You're bored so you deem it acceptable to bore us with your unoriginal stories

Well at least it’s a cut above Jew bashing and right wing-nut nonsense...

[Last of the V8s]

Also, Last of the V8s is my bastard son.

Why did you go off with that painted floozy? Why, Mom?

[nutildah]

Also, Last of the V8s is my bastard son.

Why did you go off with that painted floozy? Why, Mom?

It was hard times for all, son, please forgive me. The dark reign of Thatcher was in full force and after my pension was cut I had to get a job as a circus clown to make ends meet. My drinking habit was extraordinary. When your mum said it's either her and my baby son or the drink, well I knew what I had to do, so I moved to Ireland where my lifestyle choices wouldn't be questioned.

[fillippone]

He's like a broken record:

Nouriel Roubini at Salt Conference in NY: Crypto Is the Mother and Father of All Bubbles .

It he were a broken clock he'd be right twice a day.
A broken record is only a useless strain to ears.

[vapourminer]

Mic forgot me.

 

Damn Will add you on it...... 

A retry of the current WO-hats on the train, no worries Loyce once a HAT member, just a true BTC'er justify your seat on the CCMF train....., no FOX can't change that

i cant see my cat-with-the-hat avatar on there. but since cats have built in stealth technology im not surprised. hes there somewhere. he will be seen when he wants to.

[JayJuanGee]

You still have buffoonish JayJuanGee over here pretending like Bitcoin was created by god himself as the perfect system.  What type of 'god' creates a system built to have a financial crisis every four years on the dot where the price is required to double or half of miners go bankrupt and turn off? LOL. 

What the fuck you talking about you butt hurt ape?

Of course, there is going to be a lot of volatility when a new asset is in its early stages of adoption, and the four year halvening is just an aspect of discretionary algorithmic dynamics that anyone should be able to get used to and figure out, without "going bankrupt" as long as they have some brains in their head... unlike you, apparently, in your ongoing pursuit of bitcoin denigration in order to pump your bullshit in comparison.

 It's designed from the ground up entirely as a pump and dump scam.  

Your spin that is not backed up by either logic or facts.

The amount of mining is already enormous, so it's inevitable you get a halving soon where instead of any price increase, it's half of miners turning off instead.  

Bitcoin has been like this throughout its history.  There has been considerable incentives to mine and to build the hashrate beyond expectations, causing enormous and arguably excessive security.... so in that regard, better to have too much security rather than not enough, and who gives any ratt's asses if some of the miners over project and are not able to continue mining... hash rate does not generally fall off by any kind of meaningful rate, as you are attempting to make it out to be... you fucking exaggerating liar.

Or did you expect the price to increase and amount of mining to go up even more when it's already retardedly high?

Yep... seems like both are going to continue to happen... BTC price is likely to continue to go up, and mining and hashrate is going to continue to go up.

Yes, roach, start your stupid ass illogical and irrational halvening FUD now, that is neither based in fact nor logic, and let's see how it goes... ... in other words, halvening causes the BTC price to go up.. not down.. and who gives any shits about miners.. there is more than enough of them because the incentives are built in.. so even if some drop off, there are other miners to take their place.

Bitcoin is also designed to basically never have any type of stability and impossible to be the unit of account of anything where it always has to be the derivative of something else when cost of production is recursive based on it's own demand.  No matter how much KoolAid 80 IQ mexicans like JayJuanGee drink, it's never going to change the fact physical metals are the base of Exter's Pyramid and digital scamcoins have 0 hope of defeating them.  The only reason digital scamcoins exist is 1) to try and draw attention away from metals until the system implodes and 2)  To try and integrate people into a cashless society slavery system.

Yes..... live in your little fantasy, roach.  Spout your nonsense... Of course, as bitcoin continues to grow, as it likely will, the unit of account aspect will become more and more stable too... But there may likely be another 10 years or more of bitcoin growth, including likely 1000x or more price increasing in bitcoin that will also bring more and more stability in its price... in other words, the instability in bitcoin in the next 10 years or more... and perhaps even more than 20 years, is going to likely be in the upwards direction, merely based upon ongoing and increasing adoption... that is seeming nearly inevitable, at this point.

[El duderino_]

Mic forgot me.

 

Damn Will add you on it...... 

A retry of the current WO-hats on the train, no worries Loyce once a HAT member, just a true BTC'er justify your seat on the CCMF train....., no FOX can't change that

i cant see my cat-with-the-hat avatar on there. but since cats have built in stealth technology im not surprised. hes there somewhere. he will be seen when he wants to.

Under next the pink sheenshane cat

[d_eddie]

The way I understand it, the problem isn't with the address, but with the wallet software. Not all wallets deal bith 'bc1' (bech32) addresses yet. Bech32 is supposed to be the new universal format after the segwit fork. Legacy (B2SH) non-segwit addresses begin with '1'. Legacy (B2SH) multi-sig addresses begin with '3'.

'1' addresses can only receive funds in non-segwit (old-style) transactions. '3' and 'bc1' can receive funds in segwit transactions too.

eddie
um
https://en.bitcoin.it/wiki/Pay_to_script_hash and
https://blockstream.info/nojs/tx/b5927bc00f0fcf757d039be766a9903fb349b11aea1e8ed1edb8dc189d0b19e5?expand

Ooops, misspellings and mixups - legacy addresses ('1') are P2PKH, multisig/scripted addresses ('3') are PS2H.

P2PKH, bc1
the mess I made sure ain't no fun
I thank you V8
for setting me straight
you sharp & quick son of a gun!

[JayJuanGee]

CMC dominance is at 57.2%

And the alt-burning vs BTC is happening, F*** for some of my alts 

Well, if you HODL a very low amount in alts... so for me it is like, less than 2%, then if bitcoin goes up 2% (which is about $120 these days), then the amount that bitcoin has gone up, will exceed the whole value of my alt holdings.... so who gives any fucks about the alt holdings... they can go up or not... doesn't really matter very much to the overall value.

Of course, if you hold 10% or more in alts, then you would likely start to become a bit more concerned about their relative value and performance.. which is your own fault to invest that much in shit and allow yourself to get that distracted by less contributory aspects of the "crypto space."

[JayJuanGee]

Who else is waiting for a dip ? 

... 

Well yes, mind you I already bought plenty over the last 6 months. Wanting to buy a dip at this time is just a little greed. At 100k we'll all be quite wealthy anyway, some more cheaper coins at this point just means we'll be a little wealthier. A little wealthier is not really necessary.

EXACTAMENTE!!!!!!!!!!!!

If you have been in bitcoin for any longer than a couple of years, then you should have already been able to stack a decent amount of sats... ...

Of course, if you are in your 20s or 30s, you might not have as much available cash flow as older folks, but still, you should not be measuring yourself with older folks, anyhow, and in that regard, if you have been able to know about bitcoin for more than a couple of years, then relatively speaking, and amongst your peer group, you have had plenty of opportunity to stack some sats in preparation for our likely imminent upwards price direction in the next 1-2 years (could possibly take longer, but who the fuck really knows any precision regarding the future, except that the general price direction remains, likely UP).

[d_eddie]

https://coinrivet.com/blockstreams-liquid-network-goes-live-on-bitfinex-with-bitmex-integration-coming-soon/

[siggy_77]

So I like green dildo's as much as the next guy ..   ( wow, the ways THAT could be taken out of context...)

But I'm starting to get just slightly concerned we may be moving to fast..  anyone besides me getting that feeling?

50% increase in less than 2 months....

We're not in the parabolic mode quite yet.. but it does seem to me we are heading there quite fast..   I'd really like to see at least month or two bouncing around in the low 6xxx range before our next serious step up...

to fast, to soon means we hit a blow off top that is to low to hit my retirement target..  that would... annoy me....

[LFC_Bitcoin]

So I like green dildo's as much as the next guy ..   ( wow, the ways THAT could be taken out of context...)

But I'm starting to get just slightly concerned we may be moving to fast..  anyone besides me getting that feeling?

50% increase in less than 2 months....

We're not in the parabolic mode quite yet.. but it does seem to me we are heading there quite fast..   I'd really like to see at least month or two bouncing around in the low 6xxx range before our next serious step up...

to fast, to soon means we hit a blow off top that is to low to hit my retirement target..  that would... annoy me....

Yeah, I think low volatility is good. I’d be very happy to see 2 or even 3 months bouncing around $5,000 - $6,000.

[VB1001]

$BTC > $6000. Mission accomplished. Next level is $6400, the most traded price of 2018.

https://twitter.com/krugermacro/status/1126342166903762944

[lightfoot]

My guess is we will be stuck at 6502 for awhile again. And remember, prices dropped in half faster than they have gone back up, so this is not too insane.

[VB1001]

Galaxy Digital CEO Michael Novogratz: Bitcoin Should Cross $20,000 Within 18 Months

Galaxy Digital CEO Michael Novogratz said that he expects bitcoin (BTC) to beat its all-time-high price within 18 months. Novogratz made his remarks during an interview with mainstream media CNN published on May 9.

During the interview, Novogratz also said that he believes that $6,000 is probably a stall point, and the next one will be $10,000. Moreover, he expressed the belief that this time, other cryptocurrencies “aren’t going to go up nearly as quickly.” He explained:

“The other coins, Ethereum being the next biggest, Ripple...they have to prove use case, right?”

https://cointelegraph.com/news/galaxy-digital-ceo-michael-novogratz-bitcoin-should-cross-20-000-within-18-months

[Last of the V8s]

Bitfinex IEO token LEO shares its name with Crypto Capital shell company
Bitfinex aims to raise $1 billion to cover funds lost to Crypto Capital by selling its newly minted token dubbed LEO. Maybe it should have picked a different name?

such meh very fud pff

[MrFreeRoMan]

i cant see my cat-with-the-hat avatar on there. but since cats have built in stealth technology im not surprised. hes there somewhere. he will be seen when he wants to.

@vapourminer

So here you are...
You sit inside the train

[vapourminer]

i cant see my cat-with-the-hat avatar on there. but since cats have built in stealth technology im not surprised. hes there somewhere. he will be seen when he wants to.

Under next the pink sheenshane cat

lerr.. duh. its like the biggest avatar there, perfect match with his ego. you fit him in nice

as soon as eyeball replacements are available im getting some. a replacement OEM brain wouldnt hurt either.

[JayJuanGee]

So I like green dildo's as much as the next guy ..   ( wow, the ways THAT could be taken out of context...)

But I'm starting to get just slightly concerned we may be moving to fast..  anyone besides me getting that feeling?

50% increase in less than 2 months....

We're not in the parabolic mode quite yet.. but it does seem to me we are heading there quite fast..   I'd really like to see at least month or two bouncing around in the low 6xxx range before our next serious step up...

to fast, to soon means we hit a blow off top that is to low to hit my retirement target..  that would... annoy me....

I know that if you look at the last 5 weeks or so, starting from our April 1, break through $4,200, it appears that there has been a bit much in regards to price appreciation.. but bitcoin does these kinds of things.  It is not out of the ordinary.

First of all, there is almost no fucking way that bitcoin is getting to any kind of new ATH within the 10 months (if that is what you mean by "retirement target"), so in that regard, we should expect a decent number of 30% plus corrections between here and $20k... but even going from here to $20k is more than a 3x price appreciation, so in order to return to $20k (which is NOT an unreasonable expectation) we should be anticipating both periods of seeming froth that goes along with correction, and also the fact that sometimes the seeming froth is not really froth, but just getting back to previous price points (let's say in the $6k range), and maybe we could see a 50% or more price appreciation from here before any meaningful correction in the 30% plus arena takes place.

In other words, it is almost pie in the sky for any experienced bitcoiner to really be expecting any kind of smooth sailing (or that infamously unrealistic word, "stability") between here and $20k and beyond, including likely ongoing emotional turmoil.