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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 27 (20.5%)
1-10% - 18 (13.6%)
11-20% - 15 (11.4%)
21-30% - 18 (13.6%)
31-40% - 7 (5.3%)
41-50% - 14 (10.6%)
51-60% - 9 (6.8%)
61-70% - 5 (3.8%)
71-80% - 4 (3%)
81-90% - 2 (1.5%)
91-99% - 3 (2.3%)
100% - 10 (7.6%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21790138 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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June 24, 2019, 08:03:56 PM

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).



So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

Another set of downsides is that you are not supporting segwit, increasing the likelihood of a segwit attack through your nonsupport and supporting the FUD spreaders predictions by doing what they want you to do..  You can do what you want, but don't you find it a bit problematic to try to get others to do the same, especially when it remains a kind of attack on bitcoin's current direction involving segwit and based on incomplete information of BIGblocker FUD spreaders?

So, if I keep my cold storage coins in a legacy address, how does the affect anyone but me?

Attacking segwit isn't going to accomplish much at this point anyway. That battle was already fought, and the pro-segwit side achieved a decisive victory. I agree that any negatives about segwit will remain big blocker talking points, as they try to make BTC look weak. That doesn't mean there aren't still legitimate criticisms of segwit, and lightning, for that matter.

I said my piece already, so no need to repeat further (at this time) and I will likely engage with anyone spouting out anunymint nonsense talking points.. so let's see where it goes. 

Hopefully, it is largely a dead topic, but I doubt it.. these kinds of nonsense anti-bitcoin talking points do seem to come back to life on a fairly regular basis.. like freddy krugger from nightmare on elmstreet or michael myers or jason in friday the 13th
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El duderino_
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June 24, 2019, 08:05:23 PM

buying the dips is for noobs, short-termers and suckers ...

... round here we accumulate bottoms ...
 
and hats.

Wtf is your HAT I know comrade XhomerX Made you one.... Maybe if you like he can fix a 3D one
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June 24, 2019, 08:06:42 PM

https://bitcointalk.org/index.php?topic=5158045.0
We got a haiku
 maestro over here and it's
   not even Sunday.

Haha indeed
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Clueless!


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June 24, 2019, 08:13:25 PM
Merited by vapourminer (3)


...a few reasons to just keep your stuff in cold storage (safety deposit box in my case) along with the segit info above.


Safety deposit box in a bank?
A historical reference:

FDR EO 6102
https://en.wikipedia.org/wiki/Executive_Order_6102


https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered



Well, I figure by the time society/Gov't is after me and it is that far gone, it won't matter. I also figured that IF a meteorite takes out my bank, well the crypto gods hate me!

I 'suppose' I should make a copy to another bank in another state, in case of the 'Zombie Apocalypse'

What you state above, does not really matter in my case, in that when BTC was evil in 2013 my bank manager informed the SEC I was an 'evil crypto trader' in that in 2013

all BTC was for drugs/hookers/etc. Thus at least for 2 weeks going into the bank before the SEC guy phoned and had a meeting about this. I was a 'true' desperado with

all the side looks and side talk when I went to the bank to do my business. I cleared it all up with my mining CPA signed Tax Return of 2014, made the bank manager look

like an Idiot. Thus have been 'legal as hell' from that point on.

So I'm afraid the powers that be already have my number, in that I had to tag my bitcoin addresses etc to my

taxes (at least in my own files). Thus, doomed.

I will, however, let everyone else know when the above as you state happens so others can flee. Alas. My fate is likely sealed.

Brad

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June 24, 2019, 08:16:11 PM

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).



So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

Another set of downsides is that you are not supporting segwit, increasing the likelihood of a segwit attack through your nonsupport and supporting the FUD spreaders predictions by doing what they want you to do..  You can do what you want, but don't you find it a bit problematic to try to get others to do the same, especially when it remains a kind of attack on bitcoin's current direction involving segwit and based on incomplete information of BIGblocker FUD spreaders?

So, if I keep my cold storage coins in a legacy address, how does the affect anyone but me?

Attacking segwit isn't going to accomplish much at this point anyway. That battle was already fought, and the pro-segwit side achieved a decisive victory. I agree that any negatives about segwit will remain big blocker talking points, as they try to make BTC look weak. That doesn't mean there aren't still legitimate criticisms of segwit, and lightning, for that matter.

I said my piece already, so no need to repeat further (at this time) and I will likely engage with anyone spouting out anunymint nonsense talking points.. so let's see where it goes. 

Hopefully, it is largely a dead topic, but I doubt it.. these kinds of nonsense anti-bitcoin talking points do seem to come back to life on a fairly regular basis.. like freddy krugger from nightmare on elmstreet or michael myers or jason in friday the 13th

I don't feel like debating all that again either TBH.

In other news: it's strangely silent here for a day where we've been poking up above $11K repeatedly.
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June 24, 2019, 08:27:15 PM
Merited by vapourminer (1), infofront (1)

Bitcoin’s True Market Dominance
Analysing Bitcoin’s true market dominance shows that Bitcoin has Pareto dominance (>80%) on the market.
The Volume-Weighted Market Dominance for Bitcoin is 80% and trending up
https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf


mindrust
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June 24, 2019, 08:31:17 PM

Dude it is mindrust,

not MindTrust 

Dude, I've also been reading it wrong this entire time. It just reads as "mindtrust" in my head, up until today. Just wanted to cross post this here instead of cluttering the raffle thread.

You are not alone.  Grin

Saw many doing the same mistake lately.

WTF is going on here? Mindtrust, remove your negative feedback. My account isn't for sale. And I also did not got hacked, but I'm going to change my password right now, just to be sure!

Another one.  Grin
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June 24, 2019, 08:39:28 PM

If Bitcoin gets to around say $20k even by the middle of next Summer, I think my head will explode.

You seriously think BTC can't pump $9k in a year? If it won't reach $20k by the end of this summer (ok ok end of year latest) that would mean the beginning of a new bear market and we won't reach $20k during this cycle at all. But it's so improbable and it's so NOT BTC.
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June 24, 2019, 08:42:52 PM


...a few reasons to just keep your stuff in cold storage (safety deposit box in my case) along with the segit info above.


Safety deposit box in a bank?
A historical reference:

FDR EO 6102
https://en.wikipedia.org/wiki/Executive_Order_6102


https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered



Well, I figure by the time society/Gov't is after me and it is that far gone, it won't matter. I also figured that IF a meteorite takes out my bank, well the crypto gods hate me!

I 'suppose' I should make a copy to another bank in another state, in case of the 'Zombie Apocalypse'

What you state above, does not really matter in my case, in that when BTC was evil in 2013 my bank manager informed the SEC I was an 'evil crypto trader' in that in 2013

all BTC was for drugs/hookers/etc. Thus at least for 2 weeks going into the bank before the SEC guy phoned and had a meeting about this. I was a 'true' desperado with

all the side looks and side talk when I went to the bank to do my business. I cleared it all up with my mining CPA signed Tax Return of 2014, made the bank manager look

like an Idiot. Thus have been 'legal as hell' from that point on.

So I'm afraid the powers that be already have my number, in that I had to tag my bitcoin addresses etc to my

taxes (at least in my own files). Thus, doomed.

I will, however, let everyone else know when the above as you state happens so others can flee. Alas. My fate is likely sealed.

Brad



I am not talking about taxes, but an interesting story. I never used safety deposit box because i have no idea how safe it actually is (judging by the movies).

A somewhat unrelated "rant":
I think people under appreciate the difficulty (or maybe lack thereof?) of selling substantial $$ value of btc to fiat.
I intend to fully pay taxes (same Q) on whatever gains I would made when I sell, but transferring $$ from coinbase to a bank would probably require some talking to a banker first, I assume.
Bob opined before that there were no problem in his case (Gemini?), but I would approach it cautiously if and when the time comes (if ever).
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June 24, 2019, 08:49:16 PM
Last edit: July 03, 2019, 01:47:15 AM by VanguardVale

Bull candlesticks are banding along the upper Bollinger Bands setting the pace for further gains. Technically-and in light of the hype element, every low is an entry point. Safe stops would be on June 23rd low of around $10,100. Meanwhile, fitting targets is at $12,000 and later $15,000. From June 19th, trading volumes rose from 19k, peaking on June 23rd at 38k before halving to 17k. Even so, as bulls flow back, prices and trading volumes shall spike as every dip becomes a loading point for traders.
El duderino_
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June 24, 2019, 09:06:08 PM

https://gallery.fitbit.com/details/7a16871b-5016-4adb-9f33-bfd793e50d4c
^
Cheesy
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June 24, 2019, 09:08:55 PM
Merited by marcus_of_augustus (50)

92 Sats per Cent ($0.01 US Dollar) also knowns as the Reverse bitcoin price chart
https://twitter.com/ChartsBtc/status/1143164898278383617
El duderino_
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June 24, 2019, 09:11:22 PM

On August 24, 2018 I called for Bitcoin to drop 50% to $3k before rallying back over $10k.

That call was deadly accurate and allowed Morgan Creek Digital to buy the dip.

Here is my next price target.

offthechain.substack.com/p/bitcoin-is-l…

https://twitter.com/apompliano/status/1143131557827211266?s=21

He must read the W.O.


Duuuuh where else would he get his info.... he reads the HM overlay and sh*t Smiley
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Any questions related to my signature site? PM me!


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June 24, 2019, 09:18:33 PM


Not a fan of smartwatches but this Fitbit seems very interesting. It looks so easy to design and integrate any sort of code you want into it (https://dev.fitbit.com/), just like the one you shared (AcidClock) which shows you the BTC (and some other crypto) values in real-time.
El duderino_
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June 24, 2019, 09:21:05 PM


Not a fan of smartwatches but this Fitbit seems very interesting. It looks so easy to design and integrate any sort of code you want into it (https://dev.fitbit.com/), just like the one you shared (AcidClock) which shows you the BTC (and some other crypto) values in real-time.

Yeah same for me I have that Iphone watch but never wear it, I prefer my other pieces more  Grin

But as you say its just a sweet gadget Smiley
El duderino_
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June 24, 2019, 09:38:24 PM

Reich up your street: Viral sensation ‘Hitler House’ available to rent

https://www.rt.com/uk/358665-hitler-house-swansea-viral/

r0ach moving out?
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Nope.


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June 24, 2019, 09:42:35 PM

Reich up your street: Viral sensation ‘Hitler House’ available to rent

https://www.rt.com/uk/358665-hitler-house-swansea-viral/

r0ach moving out?

So dumb. I lol'd.
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June 24, 2019, 09:45:07 PM
Merited by BitcoinNewsMagazine (1)

Since bitcoin was created, we have only seen 70 days where the price of bitcoin was higher than it is right now.

https://steemit.com/bitcoin/@jrcornel/bitcoin-fun-fact
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June 24, 2019, 10:22:45 PM

Befehisleiter:  The turkey is in the pot.  I repeat, the turkey is in the pot.
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June 24, 2019, 10:24:31 PM

2017 version of my better half: "Why you did not sell [some number] at 10K, you promised, you promised."
2019 version of the dialogue: "Should I, hon?" "Oh, no, keep it, don't you dare."
Got myself a "keeper"  Grin .


it's possible that he sold some calls...I distinctly remember him selling some puts before (not sure if it worked out or not).

You referring to Trace Mayer, Biodom?  

Are you suggesting that he is talking his book?  or his analysis is off in some kind of way?  

Personally, I would suggest that Trace Mayer's analysis is off because it seems to suggest a kind of gradualism in the coming months and even years.  I know that he is showing how fair value progresses, but bitcoin does not tend to progress in any kind of short-term gradualism.

Perhaps, the former, but maybe also the latter as you discussed.

Trace doesn't really strike me as a guy who talks his book.  I mean he got in when the price was in the single digits, and I believe, even fractions of a dollar, so I get the sense that he has quite a surplus of wealth in the sense that additional wealth is not something that motivates the way that he talks about bitcoin, except to mostly be a bull.  There is a bit of sense that he might be suggesting that BTC's market is a little bit overheated at the moment. 

Even the price points that he mentioned in his chart, left out December 2018, which would show BTC bouncing from an even more dire situation to its current over-exuberant status , which again show how wild, outrageous and quasi-unpredictable bitcoin can act.  It is quite possible that bitcoin goes into a kind of "very overvalued status" (which would be light blue), and then corrects back down to get a second bubble post halvening.. which would make sense in a kind of early and late 2013 scenario playing out over the next two calendar years.

I think that Trace Mayer is no dummy, so he recognizes the vast array of possibilities, and likely mostly HODLs through the vast majority of these price UPs and DOWNs while skimming some profits off of the top, here and there to support whatever living expenses that he has and any extra business ventures that he considers getting into on the side of his having fun with ongoing bitcoin evangelism activities.

Trace talks his book. e.g. runtogold.com
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