Bitcoin Forum
September 22, 2020, 04:32:24 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: 9/19 Closing Price:
0 - 1 (1.6%)
<$10,000 - 3 (4.8%)
$10,000-$10,500 - 2 (3.2%)
$10,501-$11,000 - 13 (20.6%)
$11,001-$11,500 - 19 (30.2%)
$11,501-$12,000 - 8 (12.7%)
$12,001-$12,500 - 7 (11.1%)
$12,501-$13,000 - 2 (3.2%)
>$13,000 - 3 (4.8%)
>$20,000 - 5 (7.9%)
Total Voters: 63

Pages: « 1 ... 24317 24318 24319 24320 24321 24322 24323 24324 24325 24326 24327 24328 24329 24330 24331 24332 24333 24334 24335 24336 24337 24338 24339 24340 24341 24342 24343 24344 24345 24346 24347 24348 24349 24350 24351 24352 24353 24354 24355 24356 24357 24358 24359 24360 24361 24362 24363 24364 24365 24366 [24367] 24368 24369 24370 24371 24372 24373 24374 24375 24376 24377 24378 24379 24380 24381 24382 24383 24384 24385 24386 24387 24388 24389 24390 24391 24392 24393 24394 24395 24396 24397 24398 24399 24400 24401 24402 24403 24404 24405 24406 24407 24408 24409 24410 24411 24412 24413 24414 24415 24416 24417 ... 27281 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22443783 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.)
_javi_
Hero Member
*****
Offline Offline

Activity: 762
Merit: 542


Still a manic miner


View Profile
July 10, 2019, 02:49:22 PM

I will laugh hard when these red candle producing morons get wrecked and we climb over 13k constantly  Cool

They are swimming against the current, and they cant see the tsunami coming.
I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1600749144
Hero Member
*
Offline Offline

Posts: 1600749144

View Profile Personal Message (Offline)

Ignore
1600749144
Reply with quote  #2

1600749144
Report to moderator
1600749144
Hero Member
*
Offline Offline

Posts: 1600749144

View Profile Personal Message (Offline)

Ignore
1600749144
Reply with quote  #2

1600749144
Report to moderator
1600749144
Hero Member
*
Offline Offline

Posts: 1600749144

View Profile Personal Message (Offline)

Ignore
1600749144
Reply with quote  #2

1600749144
Report to moderator
kurious
Legendary
*
Offline Offline

Activity: 2240
Merit: 1551



View Profile
July 10, 2019, 02:51:24 PM


That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.


I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.
fillippone
Hero Member
*****
Offline Offline

Activity: 826
Merit: 4105


Merit Rascal


View Profile
July 10, 2019, 03:03:16 PM


That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.


I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.

I see the chances of an ETF with alts slimming considerably with the bloodbath we are seeing. Consider also that consequences of alts down performing BTC are bad because:
  • Alts downperforming reduces liquidity from markets, getting difficult to have reliable prices, and depth, that are fundamental for an ETF
  • Akts downperforming means reduced hashing power, thus lower security on the alts, again, this is bad for institutional investors

Regarding the FOMO, this can always happen, but the case of getting long because of this is getting more and more ridiculous.


El duderino_
Legendary
*
Offline Offline

Activity: 1176
Merit: 4118


Let's moon together #DUDEphilosophy


View Profile
July 10, 2019, 03:10:23 PM

When 15k a coin? The HAT is asking for it....
El duderino_
Legendary
*
Offline Offline

Activity: 1176
Merit: 4118


Let's moon together #DUDEphilosophy


View Profile
July 10, 2019, 03:14:45 PM

We boom upwards and its always pleasant, but the spikes down are just so F***ing fast always like 1K in minutes Roll Eyes

Traxo
Sr. Member
****
Offline Offline

Activity: 517
Merit: 434



View Profile
July 10, 2019, 03:16:27 PM

Relaying words.


Quote from: shelby

I am pretty sure shitton of people will be unloading their stashes like there is no tomorrow when btc starts to go above $50k. Not many will be left to hodl a full piece when it hits $100k.


When BTC goes above $100k and hits $1m, those who sold from $50k will be very sorry unless they owned and dumped at least 20 btc.


In the SegWit donations taking scenario at the May 2020 halving, they may never ever get that opportunity. They’ll be fleeced before that price level is available. Whether Craig Wright (and his mining partners who already control some 3% of the network hashrate) carries out the plan to monopolize (i.e. buy all of for a year or more) the production of ASICs with the proceeds of the $100+ billion (and growing) SegWit “anyone can spend” UTXO booty remains to be seen. My popcorn is ready.



I still remember 10 years ago, when I went into the bank and made a 5 year deposit with 4.5% year interest. I lived happily through those 5 years taking my profit. Until I heard of Bitcoin. What will be the interest of my Bitcoin deposit in 5 years? Incredibly high, for sure. Therefore, the price of suffering one more  bear year is insignificant compared to the prize after that.

[…] I believe that when I got into bitcoin in late 2013, my plan was to attempt to stay in for at least 1 year, even though i felt that I did not know much about bitcoin, except to attempt to treat it like a long term capital gains tax[for the tax advantages] […]

I removed the superfluous word for ya.

So you admit that in the past you had blinders on, and you obviously have become very devoted to BTC because a 1% of net worth investment has appreciated to 99% of your net worth according to you in prior posts.

But you refuse to acknowledge that perhaps you have blinders on again, and refuse to even dig into my research which I argue clearly shows that Core Bitcoin is not Bitcoin.

It’s going to be hilarious that after all these years of appreciation, you lose it all because you were too proud to have a skeptical mind (skeptical of your own blinders).

Just saying.





All this talk of to the moon 2020 or 2021 is silly. We all know the real moon is in 2022. Or maybe 2023.

2022 seems to be the consensus. IMO that's a good indicator that we'll moon before or after 2022. Probably before, since most people also seem to be convinced that the BTC cycles are lengthening.

+1 (because I have no merits to give). Except if the SegWit taking scenario comes to fruition as soon as May 2020, that mooning above $100k may only come on obscure OTC markets for those who hodl legacy addresses.



I am so badly disillusioned by shitcoins I don’t think I am capable of taking any blockchain project seriously.  And that’s probably not a good thing, because if something genuinely good does come along I will probably just reject it out of hand.

Indeed, but look for an anonymously launched, volunteer development team, two-tiered coin, absolute anonymity, bona fide decentralized transaction volume scaling, and true ASIC resistance circa 2020 as an alternative to the Libra 666 choice… the second coming of Satoshi…



The BTC/alt charts generally look terrible to me from a technical angle. A lot are in no man's land, where they've broken long-term support. I'm not touching that until I see signs of utter capitulation (sea of -2x%) or BTC's rally getting long in the tooth.

Indeed ties in with my recent post (has it been posted?) arguing that we have a significant pullback over the next several months before an ATH (note another AYH may possibly arrive short-term before the posited pullback).



Lets find out. New poll time!

Difficult to know what constitutes the end of a bull? Was 2013 two bull runs or one? Well if two, I'll plump for H2 2019.

Yeah I wavered a bit on how to word it. I dunno

What if the peak ATH is at the halving and Core crashes to $775 after that? Did that qualify?





It's a bullshit scale.  There is no authoritarian left vs authoritarian right.  The classical scale is only a single X axis where the further right you go progressing towards smaller scales of govt, the closer you get to 'anarchy', while the further left you go, the closer you get to authoritarianism, totalitarianism, marxism, fascism, and everything else which are all in the same group since they all require large govt.  That is not to say 'anarchy' is actually a good thing, anarchy just means abdicating power to whatever random passerby wants to seize it to then rule over you.

You’re attempting to view the politics of individuals through the filter of big vs. small government, which is the correct filter from a non-WASP, true Christian perspective (c.f. also discussion with @Traxo in the comments of linked blog). Note there are not many non-WASP, true Christians in this world. The Bible says 144,000.

But psychology of individuals is not so one dimensional as your filter. The quadrants of that graphic depict the psychological basis for the reasons that individuals align left or right.

This is one of the examples where although reasonably smart (2 SD?), you lack 3+ SD sophistication and nuance in your thought processes.





Posted as an impartial messenger, which means don’t presume I agree with the choice of wording or even the points made. Nevertheless the forum benefits from hearing all sides of an argument.

Quote from: shelby
[…] And I expect BTC to move to at least a double-top of $20k (if not much higher) before or by the halving May 2020, because Craig Wright will need for the difficulty to be very high so he can drive the Core shitcoin fork chain to a near standstill if he craters the hashrate with the donations taking incentive. He might be bluffing though […]

[…] but I will explain that @Husain_Zabir’s A and B price levels are probably too low and his C bottom target is probably too high. Also the Rogue Wave could possibly top as high as $78k. The low (presumably BTC not $) volume on @HairyMaclairy’s chart seems to indicate this current move is not complete.

Yet let’s revisit @infofront’s stock-to-flows valuation chart hypothesis which was based on my speculation fractal modeling. I have added some black lines to his chart and also drawn in green the progression of the BTC price up to July. I have also extrapolated in green-to-blue a scenario hypothesis on the price from now to the May 2020 halving:



Also my annotated chart of the BTC price below indicates that this pullback has support at $10k, $8k, $6k and worst case $4k […]

However instead of the usual scenario after the halving, I expect a divergence between the Core BitcOn-job and the real “v0.1”, immutable Bitcoin (i.e. not BCH nor BSV). I expect Core shitcoins to crash to Martin Armstrong’s $775 prediction, whilst real Bitcoin will appreciate under the radar to $1+ million until it is eventually used to back Facebook’s Libra after the strong U.S. dollar vortex.

wtf? The forum certainly does not benefit from hearing such bullshit!

https://twitter.com/100trillionUSD/status/1148330889627295745 [←note corrected link]
Quote
#bitcoin RSI crossed 70 hurdle!



Stars are aligning for a very interesting halving season

Indeed the halving is going to be a peak price for the Core shitcoin, not the start of higher and higher prices for that piece of shit.

Here is a good interactive, logarithmic chart for historical prices:

https://www.tradingview.com/chart/BLX/vR2WQLMS-Plagiarism/

So thus we can expect a 40 – 50% decline now from the 66% of the ATH price (which is $13k) and 5 – 6 months sideways action after that until the vertical move to an ATH peak at the May 2020 halving. That peak price could be significantly higher than the minimum target of a double-top at $20k, such as high as 14X the $6250 level per @infofront’s annotations on PlanB’s chart above.

It’s very clear what is happening now. I have taken some profits.


https://twitter.com/ChartsBtc/status/1144614623988994048

If we enter the correct channel this will be epic.

The Core shitcoin has dropped below the thick dashed green line, which may now act as overhead resistance forever. Perhaps only the real Bitcoin will rise back above that thick line after the halving after the SegWit taking restoration of unforgeable costliness.



_javi_
Hero Member
*****
Offline Offline

Activity: 762
Merit: 542


Still a manic miner


View Profile
July 10, 2019, 03:17:56 PM

Nice.. 1k usd drop in an hour.. gentlemen, this is BTC.

Somebody is trying to scare the noobs, and drop ice water on retail fomo..

I prefer this chop chop between 11k and 13k than going stupidly parabolic up at this stage.
ivomm
Hero Member
*****
Offline Offline

Activity: 1048
Merit: 750


All good things to those who wait


View Profile
July 10, 2019, 03:21:06 PM

Just a lil shaking off the weak hands. As if bulls are saying: "Give me your bitcoins NOW!" (so that n00bs won't have them when 100K)
kingcolex
Legendary
*
Offline Offline

Activity: 2310
Merit: 1249



View Profile
July 10, 2019, 03:21:21 PM

Nice.. 1k usd drop in an hour.. gentlemen, this is BTC.

Somebody is trying to scare the noobs, and drop ice water on retail fomo..

I prefer this chop chop between 11k and 13k than going stupidly parabolic up at this stage.
I do as well but I'm surprised it was 13knbeing the big barrier rather than 10k, I figured 10k had more of a mental barrier.
_javi_
Hero Member
*****
Offline Offline

Activity: 762
Merit: 542


Still a manic miner


View Profile
July 10, 2019, 03:27:13 PM

A shitload of coins were dumped, and we are at yesterday´s evening price. Well done, smart bears.
JayJuanGee
Legendary
*
Online Online

Activity: 2380
Merit: 3261


How much alt coin diversification is needed? 0%?


View Profile
July 10, 2019, 03:27:28 PM



Lambos hookers and blow are so addictive you try it once and you'll keep doing it for the rest of your life  Grin

So what do we know about addictions?
They are a commercial replacement for love & happiness.

I got some minor legal and illegal addictions too, but my main interests nowadays are clearly in the love and happiness department.
If you see it as a crypto portfolio, i am 92% into bitcoin and 8% into shitcoins  Grin
When i was younger, these figures where about inverted  Tongue
Didn't help with health too much, but hey... YOLO, as the hipsters say...

What is your percentage of fiat?

I think my total right now is about 96% BTC, 3% fiat and 1% shitcoins..

Fiat isn't crypto  Roll Eyes
So if you compare Fiat in the financial business to "phantasies" in real life, its share would be low, say 95% crypto, 5% fiat  Grin

Now for real:
I got everything i need: Passive income, house, wife, kids, a pool, chickens (and eggs), pets, two cars for all of us and always enough Fiat for everyday weeds ...uhm.. needs.
The BTC stash is mainly to #hodl for the future of my children.

Kudos on your investment allocations. I look forward to the inevitable day when the average normie is 90+% in Crypto and of that 90+% less than 5% is in Shitcoins. We are still very early and pioneers of sorts. Most boomer normies would say we are crazy for this but their house of fiat cards is already falling, they just dont know it yet.

I am zero percent in Shitcoins and over 90 percent net worth in Bitcoin, but I understand the allure to put a lil filthy fiat into some. I just dont have time to dabble and dont want to invest in anything I dont have time to research extensively and follow. So I will just continue to blindly hate all coins that are not the one true King of Coins and call them Shitcoins and scams. This hater is gonna keep hating. Cool

It is one thing to talk about your diversification within various crypto, bitcoin versus shitcoins versus fiat, but another thing to talk about bitcoin versus other investments.  I believe makrospex was referring to the former not the later.  Of course, he mentioned that he had a house, car and blah blah blah.. and he might even have other investments such as gold and stock.  Personally, I believe that we are way too soon to be making large allocations into crypto, whether bitcoin or otherwise, and if we are talking overall investment, I think that 1% to 10% in bitcoin would be reasonable, and higher allocations would be a bit risky. 

Of course, some of us have had so much appreciation in our bitcoin holdings, so that even if we may have started with an intention in the 1% to 10% range, I believe mine got up to about 13% or 14%, then that investment allocation likely grew, and I believe mine grew to a much higher allocation in the 70% plus arena, and I decided NOT to reallocate, flying in the face of traditional advice and let the house money ride to a considerable extent... while employing insurance strategies within the investment to sell some on the wayside  up and to buy back on the way back down...etc etc etc.
jbreher
Legendary
*
Offline Offline

Activity: 2870
Merit: 1504


lose: unfind ... loose: untight


View Profile
July 10, 2019, 03:31:23 PM

One moment you're cruising comfortably over $13K, ...

Shit be crazy, yo.

Bring on the volatility. Nom nom.
jojo69
Legendary
*
Online Online

Activity: 1876
Merit: 2520


no FOMO


View Profile
July 10, 2019, 03:45:58 PM

... the beavers who have set up a dam thats flooded several back acres on mine and my neighbors properties.

industrious little buggers , beavers. done a lot of flooding via their dams. natures engineers at work.

That is awesome!

Thanks for leaving space for the little guys.
d_eddie
Legendary
*
Offline Offline

Activity: 1176
Merit: 1016



View Profile
July 10, 2019, 03:49:47 PM

Relaying words.

What's the point of being Shelby's megaphone?
JayJuanGee
Legendary
*
Online Online

Activity: 2380
Merit: 3261


How much alt coin diversification is needed? 0%?


View Profile
July 10, 2019, 03:51:48 PM

What is your percentage of fiat?  (by fiat, I mean fiat that is dedicated to buying crypto on dips or otherwise, not other fiat that you might have nor other fiat based investments that you might have)

I think my total right now is about 96% BTC, 3% fiat and 1% shitcoins..   

95% properties & others, total fiat 0.5%, BTC 4.4%, Grin 0.1%.
Have I ever mentioned that I'm semi retired already? Hopefully within the next couple of years, I'll buy that "King Bitcoin" yacht. Tongue

My numbers are going to change if I were to add in my other investments, and sometimes I do not really look at them too closely in terms of doing a total roundup for this kind of discussion for this thread, yet more than 60% crypto related (and 96% within crypto is bitcoin), and 401k is around my biggest out of the non-crypto because I have been tryin to get out of properties for mobility and flexibility, even though i have some property interests too... and some other kinds of investments that provide mostly passive income... and no gold, silver or PMs at the moment... and now that I look at it, as I type, I see some of my round about numbers are off, too... so whether I need to particularize, even for myself would be some more work.
JimboToronto
Legendary
*
Offline Offline

Activity: 2674
Merit: 1841


You're never too old to be young.


View Profile
July 10, 2019, 03:55:02 PM

OMG I go for a nice soak in the bathtub and get out to see we had an $1100 correction/retrace.

We're still over $12k though so I'm still calling a new AYH by the end of July.

industrious little buggers , beavers. done a lot of flooding via their dams. natures engineers at work.

Aren't beaver dams the reason Alfred Nobel invented dynamite? Half a stick does wonders.
serveria.com
Sr. Member
****
Offline Offline

Activity: 938
Merit: 295


Balls of steel


View Profile WWW
July 10, 2019, 03:58:53 PM

We boom upwards and its always pleasant, but the spikes down are just so F***ing fast always like 1K in minutes Roll Eyes



Who cares just buy the dip!  Cool
fillippone
Hero Member
*****
Offline Offline

Activity: 826
Merit: 4105


Merit Rascal


View Profile
July 10, 2019, 04:02:11 PM

OMG I go for a nice soak in the bathtub and get out to see we had an $1100 correction/retrace.

We're still over $12k though so I'm still calling a new AYH by the end of July.

industrious little buggers , beavers. done a lot of flooding via their dams. natures engineers at work.

Aren't beaver dams the reason Alfred Nobel invented dynamite? Half a stick does wonders.

Nah,
he did because he was in the construction business.
Because of... drumrolls...money.
 
JayJuanGee
Legendary
*
Online Online

Activity: 2380
Merit: 3261


How much alt coin diversification is needed? 0%?


View Profile
July 10, 2019, 04:07:35 PM

Relaying words.

What's the point of being Shelby's megaphone?

That's what I am saying... knowingly and purposefully posting of a banned member seems like it would be against the rules.. It's called ban evasion, and members who facilitate such might end up putting their own account(s) at jeopardy by serving as an agent of a banned member.  Might have to start reporting these kinds of posts because it is not fair to the rest of us, and there have been several of these kinds of posts from shelby done by several members, even members who should know better.
JimboToronto
Legendary
*
Offline Offline

Activity: 2674
Merit: 1841


You're never too old to be young.


View Profile
July 10, 2019, 04:08:42 PM

Aren't beaver dams the reason Alfred Nobel invented dynamite? Half a stick does wonders.
Nah,
he did because he was in the construction business.
Because of... drumrolls...money.

And the weapons industry (military-industrial complex). Even more money.
Pages: « 1 ... 24317 24318 24319 24320 24321 24322 24323 24324 24325 24326 24327 24328 24329 24330 24331 24332 24333 24334 24335 24336 24337 24338 24339 24340 24341 24342 24343 24344 24345 24346 24347 24348 24349 24350 24351 24352 24353 24354 24355 24356 24357 24358 24359 24360 24361 24362 24363 24364 24365 24366 [24367] 24368 24369 24370 24371 24372 24373 24374 24375 24376 24377 24378 24379 24380 24381 24382 24383 24384 24385 24386 24387 24388 24389 24390 24391 24392 24393 24394 24395 24396 24397 24398 24399 24400 24401 24402 24403 24404 24405 24406 24407 24408 24409 24410 24411 24412 24413 24414 24415 24416 24417 ... 27281 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!