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Question: Did we reach the bottom already?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25881970 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. (170 posts by 5 users with 9 merit deleted.)
d_eddie
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May 07, 2019, 10:59:51 AM

Quote from: ResidentTroll
you just open a single Lightning Network channel to them and it's the ONLY STORE YOU EVER SHOP AT for the rest of your life (your scenario where Lightning Network is actually useful).  Like I said, the whole channels bullshit is nothing but a vendor lock-in mechanism that would further the cause of corporate & banking monopolies.

Who's afraid of Amazon (or such) becoming a huge Lightning node? It would only be a Good Thing IMHO.

- More vendors - be it retailers or other kinds of business - would have to jump on the train. This would ignite LN adoption like few other events could.

- The advantage gained by Amazon as a retailer wouldn't be as big per se if others (every other business and their dog) jump on, but...

- You could send or receive funds to/from anyone who has their channel open with Amazon without opening a new ad-hoc channel. Connectivity and liquidity would go through the roof.

What I'm afraid would also happen as a consequence, though, is that governments would clamp on ramps in and out of the LN, at least for business activities over the radar line. LN transactions are too hard to trace and account: it's nothing like a public blockchain. So I suspect KYC/AML could become the real issue.

I guess we'll see...
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HairyMaclairy
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May 07, 2019, 11:29:53 AM

Who let the dogs out?

2015 Fractal continues to break apart, in a most bullish, accelerative fashion.  According to HairyOfficialTATM, today is October 24, 2019.  Time flies when you are having fun.  

Edit:  it is also a very significant $6k resistance point but let's ignore that, because it is not a fun fact. 


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May 07, 2019, 11:33:09 AM

Meantime it looks like we hit 6k. I was listening to Bloomberg yesterday and they were saying shorts were very high with Bitcoin. When will we see them all implode?
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May 07, 2019, 11:36:30 AM

Meantime it looks like we hit 6k. I was listening to Bloomberg yesterday and they were saying shorts were very high with Bitcoin. When will we see them all implode?

Yes because BFX and Bitmex traders are upidstay.  We are going to explode up through $6k because day traders have an average IQ of 96.



This is the long short ratio which is at an All Time Low, meaning shorts are effectively at an All Time High.
ssmc2
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May 07, 2019, 11:37:52 AM

Who let the dogs out?

2015 Fractal continues to break apart, in a most bullish, accelerative fashion.  According to HairyOfficialTATM, today is October 24, 2019.  Time flies when you are having fun.  

Edit:  it is also a very significant $6k resistance point but let's ignore that, because it is not a fun fact. 




Looks more and more like we may be mirroring something  closer to the 2012 fractal
HairyMaclairy
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May 07, 2019, 11:41:24 AM

CME Futures.  I have marked the bell that they ring at the bottom of every market.

d_eddie
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May 07, 2019, 11:42:37 AM

7k tonight? Cheesy

Looks like you be in a process to rejuvenate some optimism, here?

We had witnessed a few hairy days, in which you had revealed some kinks in your BTCxxx BTCxxx armor.... hahahahahahaha

 Cheesy Cheesy Cheesy

Please sir, never a kink. Just thought the Baby Bull would have a healthy correction to 4200. Still think something of the sort is in the cards, but why not hit 7k first  Cheesy as the Bitfinex troubles keep pumping the price. Only a baby for 2 more days, May 8 is coming Grin

Although it looks like we're going straight up with no afterthoughts, I mostly agree with Lambie's view. Maybe 4.2k is starting to look a bit too far down, and the high 4k's are more likely as a correction target, but the gist of it is still valid IMHO.

Quote
Not a good day in court for Bitfinex they were denied their motion to vacate even though they had solid arguments. Kangaroo court appears to rule the day. I suspect we keep pumping hard as bulls are taking advantage of desperate customers paying a premium to pull out their Bitcoin, then when everyone who really wants out is out, we correct.
This. The volume is still quite tentative, with the occasional plump burst.

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No way in hell is this Bull market ending rn though. This party will last years imo.
We're already in party rehearsal mode, man  Cool
HairyMaclairy
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May 07, 2019, 11:43:08 AM

Looks more and more like we may be mirroring something  closer to the 2012 fractal

Please draw it because I am lazy.
LFC_Bitcoin
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May 07, 2019, 11:45:48 AM

Looks more and more like we may be mirroring something  closer to the 2012 fractal

Please draw it because I am lazy.

Yeah please do!
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May 07, 2019, 12:43:12 PM

It's not mirroring anything.
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May 07, 2019, 12:46:33 PM
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I think that with each wave of bitcoin hitting new ATH we get a stronger base of Hodlers.
The reason I say this is because each time we have held we have been rewarded with a much higher ATH.
This just convinces us (the Hodlers) that we have no reason to panic when the price drops since BTC has proven to us time and again that long term, price will be higher.
The more this happens the less likely people will sell.
The less likely people are to sell then the higher the price.
The only reason I can see to sell any BTC is if your running out of time (getting old). Since, at some point, you will want to enjoy the fruits of your patience.
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May 07, 2019, 12:59:34 PM

It's not mirroring anything.

If you chop out that sunken phase in the $3k range caused by Bitfinex scare in october, then it probably mirrors "something".
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May 07, 2019, 01:02:23 PM

Man, LED light bulbs really suck.  Bought both Phillips and GE Reveal (2700k + 2850k).  I think even CFLs might look better.  The LEDs cause all colors in the room to have this dull, gray look where colors, especially things like orange and red don't pop out at all.  Every color in the room feels like it's adjusted -20-30% saturation, then add some gray to it.  The GE reveal is supposed to be a 90 CRI (Color Rendering Index) to prevent this, but it's little improvement over the Phillips.  They also seem to have some disorentation/dizziness effect that you might find in some of the worst CFL bulbs.

There's a brand called SORAA that's supposed to be better than both, but I doubt it comes anywhere near an incandescent in terms of lighting qualify.  If you get a 800 Lumens LED bulb, it feels as uncomfortable as being next to a 1200 lumens incandescent while using the computer.  The GE Reveal is ONLY 650 Lumens and still feels uncomfortably harsh and as irritating as sitting next to a 1000 lumens incandescent while reading or whatever.  I'm guessing the only one that would be remotely bearable are the 550 Lumens SORA ones, but like I said, still probably suck compared to incandescent.

I find led bulbs practical.. i fixed 2 this week. Just lay a solder bridge over the damaged smd led and the bulb comes back to life!


Sorry to quote the roach...
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May 07, 2019, 01:04:19 PM

did some analysis and found that we could be heading to 14k by end of year, higher if things go out of control





Let’s not get ahead of ourselves now


long time since i last saw a non-logarithmic scale for btc  Undecided
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May 07, 2019, 01:11:29 PM

Craig Wright’s Wife Lost Millions in Bitcoin Trading

https://www.trustnodes.com/2019/05/07/craig-wrights-wife-lost-millions-in-bitcoin-trading

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May 07, 2019, 01:14:37 PM


Bitconifer signalling a musical preference here:



Lets hope it doesn't follow up with more bearish one:


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May 07, 2019, 01:18:34 PM
Last edit: May 07, 2019, 01:49:39 PM by micgoossens

Hello

5900$

Again Cheesy

......


5921$

Roll Eyes
El duderino_
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May 07, 2019, 01:20:19 PM

Still 1BTC=1BTC

Though the feeling @3100 or 5900 is not the same and will be more euphoric @ 5-dig and more @ATH and even more @6-dig
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May 07, 2019, 01:23:27 PM

Ironic :-P
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May 07, 2019, 01:48:45 PM

Fun story,

Have been eating with a buddy this noon, talking crypto as he joined the ride from 2017-3K-ish price, just invested 10K @my friends crypto fund and +-10K-ish what he handled himself (of-course to many alts and 1 BTC or something)

For him i'm one of the more early ones that he RL knows ...(of-course I already told him @300-ish level when I had first piece of my BTC-pie, but he had just bought his property, didn't instant believed it etc)

Now of-course the further we go, he's having he's own thought on everything etc a good perspective on the matter what i'm happy for, always when he have or think he have news he's one of the guys sending me messages and so on, now few months back he added me on a telegram group with 10-20 Belgian guys he knows a few of and he wanted me to see all of the GOOD TA, of-course bearish and mostly right @that time....

I didn't wrote to much, but the admin of that group was a little bit full of himself and advised the other on what to do what to buy and not only BTC, but as for all the rest as well, what a wizard...
I argued him told him every single TA he made was flawed and will end badly, as I did told people there to look a few places for info as I also pointed the WO just to keep up with, the admin made fun of me (haha forum loser) and blocked me....

My friend still in it for laughs, showed me he was shorting @the 1K pump, afterwards again short when pump etc (always wrong)

Now this weekend my friends GF was out and saw the guy (admin) and talked a few minutes BTC, she I don't know to much of it just invested "only"5K she said and we will what is does, he the master of that group said o really i'm only invested for 3K.....

WauW those telegram kings
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