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Question: Will $13K hold through Nov. 3?
Yes - 56 (72.7%)
No - 18 (23.4%)
I don't know - 3 (3.9%)
Total Voters: 77

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23653494 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.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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May 16, 2019, 05:48:23 AM

Why are we entertaining butthurt idiots.

I'm going on a trip soon-ish assuming we break 10k or so. If we do 20+ is sure to follow sooner rather than later. A month or two in thailand, back home to get rid of the apartment and tie up whatever loose ends, another half year in thailand (or possibly elsewhere depending on mood). Either take a break back home or just continue straight on to 1-2 years in south america just seeing the damn place.

And we got roaches and other butthurts saying bitcoin is a scam or worthless or whatever i dont know i dont read their crap.

Speaking of Roach.... He must have gotten it wrong when he said that you, Ibian, was his "sidekick".... hahahahahaha

Otherwise, I agree with your point that there does seem to be some kind of tangible angle to this bitcoin thingie-ma-jiggie.  I have several in-place purchases that I have made to make my life more pleasant, and I am planning some travels too, that are likely going to be of a higher quality of luxury, for me, largely due to this bitcoin thingie-ma-jiggie that I have been playing around with for about 5.5 years... .. and yes, some of mine is going to be international.. but I am still wrapping up some business matters state-side.. and i have made a lot of progress in the past 6 months to cause myself to become a whole hell of a lot more geographically liberated.
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Cryptotourist
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May 16, 2019, 05:54:12 AM

Hey guys, have you seen rebal15, I'm kinda worried. Grin
El duderino_
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Let's moon together #DUDEphilosophy


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May 16, 2019, 07:20:57 AM

Hey guys, have you seen rebal15, I'm kinda worried. Grin

I’m almost for workout now, and wanted to wait till its finished, but just gotta say i’m not gonna miss him in the thread bro

And Nice job HM increase 60% in bearmarket Nice
We WO’s have bals of steal Cheesy

Insert gooood morning gif

DaRude
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In order to dump coins one must have coins


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May 16, 2019, 08:09:09 AM

Anyone got any updates on the CSW lawsuit? He was supposed to provide info on the trust trustee etc by now
Cryptotourist
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May 16, 2019, 08:11:30 AM

Well I'm not going to miss him either, although his single brain cell posts are amusing.

BTW, congratulations on your new status Mic!
I/you/we know I did not support it, but that's just my position on the matter. Genuinely happy for you though.
rebal15
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May 16, 2019, 08:16:07 AM

Hey guys, have you seen rebal15, I'm kinda worried. Grin
He is on bitfinex when he is not working. Nothing to do on WO when the market is green.
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May 16, 2019, 08:21:25 AM

Hey guys, have you seen rebal15, I'm kinda worried. Grin
He is on bitfinex when he is not working. Nothing to do on WO when the market is green.

He must like losing money... Smiley
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May 16, 2019, 09:02:20 AM

He is on bitfinex when he is not working. Nothing to do on WO when the market is green.

Yet two hours later you answered. Right. Roll Eyes

He must like losing money... Smiley

To loose money would require another brain cell though, so wish him the best. Wink
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May 16, 2019, 09:13:13 AM
Merited by LFC_Bitcoin (1)

And we got roaches

Oy vey.  It appears the darn price is decreasing again.  This reminds me of the time Lauda rounded up 6 million trannies and placed them all in camps, then brutally, systematically, with machine-like efficiency, misgendered every single one.  She went after the fat ones with bodies like a sack of potatoes  that could never in their wildest dreams pass as female and made comments like "Hey, Ralph.  I see you there, Ralph."  This is why the safe space was invented, because everyone knew it was only a matter of time before another Laudacaust occurred.
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May 16, 2019, 09:41:34 AM

You sound feverish r0achie.
Tell mama to make you a hot cup of tea.
BTC is dead, don't you remember? Roll Eyes
realr0ach
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May 16, 2019, 09:44:15 AM


You guys are some serious chart noobs.  First of all, a chart showing bitcoin going to infinity at a 45 degree angle is obviously not sustainable.  Secondly, even if you make believe it is sustainable and will continue to infinity, your chart DOESN'T show the start of a bull market right now.  It shows each bear market accumulation phase gaining significant length between peaks, as I've highlighted with the yellow squares, so an actual $20k-style pump and dump wouldn't even occur till like late 2021 or early 2022.



Then of course you have the issues such as transaction validators being designed to centralize giving bitcoin zero fundamentals and no reason to exist, and Lightning Network is garbage that just recreates the already existing banking system on-chain, so neither decentralization or scalability have been solved (decentralization is not actually solvable because it's 100% impossible to create a decentralized digital currency).
fillippone
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May 16, 2019, 10:03:49 AM


You guys are some serious chart noobs.  First of all, a chart showing bitcoin going to infinity at a 45 degree angle is obviously not sustainable.  Secondly, even if you make believe it is sustainable and will continue to infinity, your chart DOESN'T show the start of a bull market right now.  It shows each bear market accumulation phase gaining significant length between peaks, as I've highlighted with the yellow squares, so an actual $20k-style pump and dump wouldn't even occur till like late 2021 or early 2022.



Then of course you have the issues such as transaction validators being designed to centralize giving bitcoin zero fundamentals and no reason to exist, and Lightning Network is garbage that just recreates the already existing banking system on-chain, so neither decentralization or scalability have been solved (decentralization is not actually solvable because it's 100% impossible to create a decentralized digital currency).

I have a mixed feeling: answer of ignore?

I don't know anything about TA, I think is just little more valuable than black magic fuckery.
What I do know it makes perfectly sense  bitcoin going to infinity.
if you observe BTCUSD going to infinity it's not BTC going to the moon, it's USD going south.
Look at BTC/ARS: it went to infinity, of course it wasn't' BTC going anywhere, it was the ARS losing all his value: we are measuring the same distance with a shorter and shorter unit.....


Cryptotourist
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May 16, 2019, 10:08:11 AM


~ horseshit rambling ~

You've got the squares wrong there - but I guess it's on purpose.
They need to be on the uptrend, not the downtrend.
Also you edited out the rest.

Banana?
realr0ach
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May 16, 2019, 10:12:08 AM

Nope, I got them right.  It was an approximation, but it's right.  There was a significant period of dragging on the lower bound both times before each pump and dump spike, which has not happened here, and each period of dragging on the lower bound extends each time.  Also, if you look at a mining capex chart, the mining appears to be peaking out at the top of an arc.  

The mining capex is probably the more relevant chart than this because it's what determines the price floor.  In other words, the price can't just magically go to $100k without mining also skyrocketing, but there's kinda way too much bitcoin mining already and it's just not really realistic for bitcoin mining to go up by like an order of magnitude to support said price.  Even after one more halving it would probably use as much power as the entire United States if the price went to $100k.  Miners didn't even increase capex in the last pump and dump to $20k (it stayed at $2-3k cost of production) because they knew it was an unsustainable market rigging scam.
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May 16, 2019, 10:23:48 AM

OK, now you are playing dumb.

FTFY:

realr0ach
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May 16, 2019, 10:37:36 AM

Okay, since you people are chart illiterate, let me spell it out for you in caveman terms for the mining specifically.  If the price of bitcoin is high and the mining cost of production is low, the market then becomes flooded with new mining to take advantage of that.  Even though Gmaxwell tried to argue with me and claim it doesn't, I would say the bitcoin price definitely trends towards cost of production, especially because there's so much fuckery going on like people stealing power and buying miners to do things like launder money and they're willing to take a hit in the conversion.

So for mining you definitely have a decent amount of irrational actors who don't even care about mining for profit because profit isn't even their motive, just to clean the bills.  Or they're stealing power and it's all free regardless. Anyway, there never was a real mining capex explosion resulting from the rise to $20k.  If the price of bitcoin only went to even $50k and managed to stay near there somehow over an extended period in the near future (1-4 years), it would require mining to explode by something like an order of magnitude from where it is now.  It would probably use more power than the entire US.  It's not likely that happens.
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May 16, 2019, 10:38:46 AM

This is exactly the pull back I was expecting last night, I'm not feeling another pullback so I'm back into btc for the daytrade holdings. Not sure which way we go but I'm expecting 8,100 and a settling around there for a day or two.

*This is all from my ass, no TA just as likely.
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May 16, 2019, 10:39:18 AM

Call me an age scientist pessimist.

...

In short, boo hooo,  Cry   Cry  Bitcoins are not likely to buy either the power of youth or sufficient power to overcome likely degenerative aspects of aging..
Jay, for corn's sake!
It was just a greeting wish...  Roll Eyes
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May 16, 2019, 10:45:48 AM

Next bottom is found:


I get me one of these when we hit 100k
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what is this "brake pedal" you speak of?


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May 16, 2019, 10:48:04 AM
Merited by JayJuanGee (1)

~snip~

Call me an age scientist pessimist. 


This debate is philosophical and for some peeps, just waste of time or pure bullshit "read very young and very old " I comes in midway and I want 30 more years of healthy life if I make it on this mark, then I can push 20 more years easily if life doesn't come in a way.

key is "take care of your body when you are young" IMHO.

while thats true, we (my buds and i) were indestructible when we where young. and we proved that, to a point. we just collected a fairly amazing collection of scars, broken bones, and burnt out brain cells.

i mean thats the point of being young. test the bodies limits. worst that can happen is you die in a spectacular way, worthy of stories told down the ages.

even if the we knew all those "hold muh beer" moments of youth would knock years off of our lives (and we more or less did), we still would of done them if we had the chance to do it again. it was a blast.

sitting around the nursing home in a diaper and sucking your gums while a nurse wipes the drool off your face doesnt really appeal to me. and medical advances wont be anywhere near the point that regeneration of your body and brain are feasible, not for a long time yet. as thats the only way to really extend quality life.





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