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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21329517 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. (104 posts by 20 users deleted.)
JayJuanGee
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July 16, 2019, 09:33:07 PM

That's actually not bad to get new investors in since the interest was pretty weak the last few days/weeks. Even if we see 6k that's fine. Every bear turns into a bull at some point.

I am going to be a bit worried if we drop below $7k.

Of course, I am NOT too likely to panic or anything like that, but currently I am having a bit of trouble speculating that prices below $7k would be reasonable, unless maybe a very short period spike.. but still.

On the other hand, yeah, we did break above $4,200 on April 1, and so far, the best correction that we had was in the 30% arena, but still going more than 50% (which would be in the $7k arena) seems a bit much, but hey, this is bitcoin, so extreme price movements - whether UP or DOWN - are NOT really beyond her quasi-regular modus operandi....

Our lil baby BTC seems to flourish in the employment of "shock value" (or would it be "shock treatment"?)
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rolling
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July 16, 2019, 09:33:50 PM

The 2015 fractal that everyone loves to hate says we are on track.  

The next 3 months are an excellent time to dollar cost average in.  This should be our final round of consolidation at the “bottom” before we start the long slow climb over the next two years.

<img snip>

For the second time in one day...wishful thinking.
The old fractal is dead...long live the NEW fractal.

"You cannot step into the same river twice."

Heraclitus

What does the 2017 vs 2019 one look like now?
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July 16, 2019, 09:36:46 PM

The 2015 fractal that everyone loves to hate says we are on track.  

The next 3 months are an excellent time to dollar cost average in.  This should be our final round of consolidation at the “bottom” before we start the long slow climb over the next two years.

<img snip>

For the second time in one day...wishful thinking.
The old fractal is dead...long live the NEW fractal.

"You cannot step into the same river twice."

Heraclitus

I love each of you (or should I say "both of you"?), with your ongoing fractal bullshit.

 Cheesy Cheesy Cheesy Cheesy Cheesy

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July 16, 2019, 09:38:32 PM

Did we had a senate hearing for Libra and the consequent shitshow in 2017?
I missed the US president tweets about BTC in 2015...

/ironic mode off

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July 16, 2019, 09:39:47 PM


What does the 2017 vs 2019 one look like now?

Irrelevant. 

It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...
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July 16, 2019, 09:41:22 PM


What does the 2017 vs 2019 one look like now?

Irrelevant. 

It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...

Not really, these idiot traders like to paint the chart for fun. It's not organic, it's manipulated up and down.
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July 16, 2019, 09:41:52 PM

This is cool AF.  Wow.

https://symphony.iohk.io/

This is some amazing work by Charles; first-ever 3D blockchain explorer for BTC.
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July 16, 2019, 09:44:19 PM

Btw observing 10700, remember days without those two first numbers like it was yesterday, damn got here fast....

hahahahaaha

You talk like you were really into bitcoin in the $700s... Is that true?  Weren't you just barely getting into bitcoin in three digits?

The reality of the matter is that we did not spend a whole hell of a lot of time in the $700s in 2016-ish

Boy, I had my first BTC in the 350-ish zone

Still gotte read the rest on my phone now ....

O.k... fair enough... but I still would be speculating that it is going to be a bit difficult to get into bitcoin in the $350-ish zone and to be able to front-load... however, with $350, as opposed to $700, there was a considerably decent period of time in which to attempt to buy in  that  area.. even though probably the price in early 2016 tended to gravitate in the $400 area a lot more frequently during that particular consolidation period.

On the other hand, I will concede that both $350 and $500 are kind of important price points in BTC's 2016 history.. and kind of the beginning of the bull market that was kind of then uncertain... especially in early 2016 and the breaking out above $500 in late May of 2016.
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July 16, 2019, 09:45:47 PM

Did we had a senate hearing for Libra and the consequent shitshow in 2017?
I missed the US president tweets about BTC in 2015...

/ironic mode off



They already had similar hearings on bitcoin in September/October 2013.
Learned virtually nothing in those 6 years.
Yet btc is about 15X of the price.

2025 Senate hearings quote:

"Who is responsible for allowing bitcoin, which value is based on rarified Himalayan air (vacuum, zilch, nada) to reach into trillions of dollars?".

/s
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July 16, 2019, 09:49:39 PM

This is cool AF.  Wow.

https://symphony.iohk.io/

+1  Cool  #psychedelic
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July 16, 2019, 09:50:43 PM

Eh fuck it, these dips are just fun little buy days, my fpgas keep getting those shitcoins and I keep trading em for Bitcoin. The goal stays the same regardless the price, get more coin.
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July 16, 2019, 09:52:22 PM


What does the 2017 vs 2019 one look like now?

Irrelevant. 

It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...

Not really, these idiot traders like to paint the chart for fun. It's not organic, it's manipulated up and down.

Maybe, but more likely institutional money with its eyes on Bitcoin thinks Libra is 'good' for BTC, so the onslaught against it (which is understandable from a nervous established system) looks 'bad' for BTC in their eyes.  In fact Libra has little to do with Bitcoin, as Libra isn't really an investment, whereas Bitcoin patently is.

Decentralised hard money is where it's at, not a new corporate run money system based upon a stablecoin tethered to fiat.  What's the point: When the shit hits the fan, smart money wants hard money. Bitcoin is hard, uncensorable money.

It will win. Every. Fucking. Time.
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July 16, 2019, 09:54:16 PM
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Well I did my part guys. Bought a whopping 0.1BTC.
That should stop the rot.

Wishful thinking and delusions of grandeur.

Hey.. .do what you can do.

I think that several of us might be playing around with those kinds of ongoing small numbers that also can add up to a lot of value in the process of stacking.

I recall in about mid-to-late 2015, I was setting up my various buy and sell orders, and even playing around with $5 increments and I could only authorize myself to sell very small amounts, because some of my BTC portfolio had buy amounts that averaged something like $500 which was way more than the then BTC price of about mid $250-ish... so I authorized myself to sell such small amounts that were based on purchases that I had made that were sufficiently below the then BTC price.

My then girlfriend would ridicule me on a regular basis that I was wasting my time with such small amounts of selling and then subsequently buying.   I kept telling her that it adds up, and really I am practicing and also generating a kind of insurance that is based on several calculations that include the size of my total BTC portfolio and also how much I make on paper when the price goes up .. but in the end, the goal was to both provide downside insurance and to stack sats (even though such "stacking sats" expression was not then in vogue).
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July 16, 2019, 09:55:43 PM

Did we had a senate hearing for Libra and the consequent shitshow in 2017?
I missed the US president tweets about BTC in 2015...

/ironic mode off



Libra futures going to shit?  Kiss  lol
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July 16, 2019, 09:57:10 PM


What does the 2017 vs 2019 one look like now?

Irrelevant.  

It's normally a four year cycle, so we aren't in 2017, but we might be rhyming with 2015...

Not really, these idiot traders like to paint the chart for fun. It's not organic, it's manipulated up and down.

Maybe, but more likely institutional money with its eyes on Bitcoin thinks Libra is 'good' for BTC, so the onslaught against it (which is understandable from a nervous established system) looks 'bad' for BTC in their eyes.  In fact Libra has little to do with Bitcoin, as Libra isn't really an investment, whereas Bitcoin patently is.

Decentralised hard money is where it's at, not a new corporate run money system based upon a stablecoin tethered to fiat.  What's the point: When the shit hits the fan, smart money wants hard money. Bitcoin is hard, uncensorable money.

It will win. Every. Fucking. Time.


Libra-Tether pre-sales backed by tether!!..what could go wrong? Smiley lmfaooo
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July 16, 2019, 10:05:20 PM

An interesting graph of a strange correlation between the drop in btc dominance in 2017 and searches in google:
https://www.docdroid.net/dg7lL8W/bitcoin-stealth-phase.pdf#page=4

Quote
Data suggest Bitcoin will continue to lead the current cryptocurrency industry bull market. When
more public interest starts to pick up, it may be optional to diverse [divest] Bitcoin profits into other cryptocurrencies.

Very debatable (at least).
I am also curious on whether we would peak somewhere between now and 70ies OR go all the way to 90-95% in dominance.
The major alt is faltering both economically and ideologically.
In fact, VB recently proposed a strange hybrid of eth with "the fork".
My conclusion: eth chain is blowing up in size and there are still years to go before they might even approach a solution.
The size is already not manageable for a full node/regular user.

Conclusion: the time to divest into current alts is probably never, but i don't dismiss beyond the horizon newcomers yet.

On another side note that is more about BTC specifically, Biodom, when we were in the $10k-ish prices, weren't you waiting to buy more BTC in the $6.6k to $9k arena? So perhaps you put off buying some BTC on that particular price swing?  How's that portion of your plan that speculates waiting for lower lows playing out?
<snip>

Still waiting, but I am fine with not buying and just hodling.

I suppose that could work.

Whatever floats your boat.

Surely each of us has to find a kind of balance that makes us comfortable.

Sometimes when the price is swinging back and forth, then I get a little irritated in terms of wanting to move my buy/sell orders in order that they will get triggered.. but if the price is moving continuously in one direction, I have no need to worry because a decent amount of orders are getting triggered (in the current price actions, my buy orders are getting sufficiently triggered), so if the price is moving a lot in one direction, sometimes there can be some second guessing about whether it could be prudent to space out the orders more in order to take more advantage of such rapid movement.. .. yet I had gotten burned too many times in  the past by trying to play around with my orders in that regard, so I just learned to live with the system that I already established.. and not to stress too much about the intensity of the movement. 

Of course, if BTC prices were to get into the sub $5k arena, then I am surely going to have to consider whether I need to restructure some of my lower buy orders in order that I do not run out of money for buying... .. sub $5k does seem a bit unlikely but you never know.
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July 16, 2019, 10:14:47 PM

Well I did my part guys. Bought a whopping 0.1BTC.
That should stop the rot.

Wishful thinking and delusions of grandeur.

Hey.. .do what you can do.

I think that several of us might be playing around with those kinds of ongoing small numbers that also can add up to a lot of value in the process of stacking.

I recall in about mid-to-late 2015, I was setting up my various buy and sell orders, and even playing around with $5 increments and I could only authorize myself to sell very small amounts, because some of my BTC portfolio had buy amounts that averaged something like $500 which was way more than the then BTC price of about mid $250-ish... so I authorized myself to sell such small amounts that were based on purchases that I had made that were sufficiently below the then BTC price.

My then girlfriend would ridicule me on a regular basis that I was wasting my time with such small amounts of selling and then subsequently buying.   I kept telling her that it adds up, and really I am practicing and also generating a kind of insurance that is based on several calculations that include the size of my total BTC portfolio and also how much I make on paper when the price goes up .. but in the end, the goal was to both provide downside insurance and to stack sats (even though such "stacking sats" expression was not then in vogue).

Yes, and even after my laddered sell/buy apprentiship I kept being careful not to put the stack at risk and also being happy with as I call it, "Dust collecting".  Cheesy After all, it makes 10% or something like that over a year... .
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July 16, 2019, 10:35:09 PM

... but more likely jbreher ...

What The Fuck -- exactly -- are you insinuating, you yammering diarrhea-mouth?

y u  gett so worked up bout lil ting-il-lieees?

Jeez, jbearbreher!!  

Well, if'n you're going to cast aspersions, you oughta be truthful, and ready to back up your gross invective. Anything less would be uncivilized.

Largely, I think that I am fair enough to you, jbreher.

No. Your attempt to deflect is forestalled. You are not wiggling out on this.

You made a veiled accusation that I was in the employ of the US Government in order to derail any cryptocurrency progress. You tried to say it, while still giving yourself an out should you be called on it. Go fuck yourself, JJG.

We agree to disagree.

I believe that I am way too nice  to you, and you believe that I am a BIG MEANIE.

I disagree.



What'd I tell you guys

Zero. You told us zero.

HaHAHAHJAHAHA

gotta agree with you on that part.

Can we make up now, jbreher?
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July 16, 2019, 11:15:07 PM

Well, got verified at paxos in a day but i'll be damned if i gonna sell shit at these prices!
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July 16, 2019, 11:27:54 PM

Well I did my part guys. Bought a whopping 0.1BTC.
That should stop the rot.

Wishful thinking and delusions of grandeur.

Hey.. .do what you can do.

I think that several of us might be playing around with those kinds of ongoing small numbers that also can add up to a lot of value in the process of stacking.

I recall in about mid-to-late 2015, I was setting up my various buy and sell orders, and even playing around with $5 increments and I could only authorize myself to sell very small amounts, because some of my BTC portfolio had buy amounts that averaged something like $500 which was way more than the then BTC price of about mid $250-ish... so I authorized myself to sell such small amounts that were based on purchases that I had made that were sufficiently below the then BTC price.

My then girlfriend would ridicule me on a regular basis that I was wasting my time with such small amounts of selling and then subsequently buying.   I kept telling her that it adds up, and really I am practicing and also generating a kind of insurance that is based on several calculations that include the size of my total BTC portfolio and also how much I make on paper when the price goes up .. but in the end, the goal was to both provide downside insurance and to stack sats (even though such "stacking sats" expression was not then in vogue).

Yes, and even after my laddered sell/buy apprentiship I kept being careful not to put the stack at risk and also being happy with as I call it, "Dust collecting".  Cheesy After all, it makes 10% or something like that over a year... .

What do u mean 10% a year?
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