Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[bkbirge]

Old hat to many here I'm sure but I liked this quote...

History has shown us time and time again that when multiple forms of money are used in parallel, it’s the hardest (or most reliable) money that wins every time.

And Bitcoin is the most reliable money we’ve ever invented.

https://simplebitcoin.co/the-biggest-misconception-about-bitcoin/

[Wilhelm]

Dartz - Black Shark ... to protect against nocoiners 

[LFC_Bitcoin]

Dartz - Black Shark ... to protect against nocoiners 

Oh hell yes!

[gentlemand]

The roadster (because it's even more expensive) 

I simply could not drive that down the local chip shop or hemorrhoid clinic without feeling like the biggest dickhead who ever lived or will live. I'd rather spend less on building a full size Lego version. It would look the same and be cooler too.

[ssmc2]

what is this usb port for?

Look closer that's a lightning port.

This is a lot better "jeep" I believe.

The gladiator pickups are pretty damn cool.

[Wilhelm]

The roadster (because it's even more expensive) 

I simply could not drive that down the local chip shop or hemorrhoid clinic without feeling like the biggest dickhead who ever lived or will live. I'd rather spend less on building a full size Lego version. It would look the same and be cooler too.

Even worse... go thrift shopping with this car .... 

[Paashaas]

This is a fine indicator to follow during bull and bear markets as a trader.



https://twitter.com/ColeGarnerBTC/status/1171160390111072256

[Hueristic]

Hey jbreher how would you spin EDA and bcash and BSv's current difficulty adjustment algos? what version did that come in?

Well, there's really no way to spin that. That's a change indeed.

Of course, SV is the project where the majority of vocal participants are stating a desire to return to the 0.1 protocol. So if this will come to pass, that will be rolled back. Of course there is no guarantee of future developments.

Meantime, that is a legitimate claim to a protocol change.

You could just, you know, fork the 0.1 protocol.  Go ahead and fork the genesis block. Ain’t no one stopping you.

And if you could sign with it then i'd for one switch to that coin!

[Hueristic]

Any mis- is in your misattribution of ulterior motive to my actions, which causes you to invent things in my writings that are not there.

Huh?  Funny I still see you making misinformation's, and spinning matters.  I did not realize that I was causing it.  

Apparently you are all powerful!

Do you posses these!?!

[LUCKMCFLY]

The Bitcoin rate approaching the order of the quintillions:


Source: https://www.blockchain.com/charts/hash-rate

Very close to continue making more history, on the other hand in:


Source: https: //twitter.com/maxkeiser/status/1170696986405851137

To brighten the day, finally someone who thinks like me:


Source: https: //twitter.com/BTCOINPRO_/status/1171336197395943424

Leaving low levels behind...

[infofront]

Off topic, but since Trump hated on Bitcoin, I have to share some fun sharpie memes I saw today.

 
via Imgflip Meme Generator

via Imgflip Meme Generator


via Imgflip Meme Generator

via Imgflip Meme Generator

Anti-coiner Trump is a disappointment to us all.  

[bkbirge]

This is a fine indicator to follow during bull and bear markets as a trader.



https://twitter.com/ColeGarnerBTC/status/1171160390111072256

Some more details on that indicator here, they seem to say that the top call isn't as reliable as the bottom...
https://medium.com/adaptivecapital/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee

Thresholds: Going forward, as market cap decreases in volatility, we believe that the upper threshold of MVRV might not prove as reliable — as market cap overextends less and less above realized cap as time progresses. However, we expect the lower threshold to remain useful to detect Bitcoin’s undervaluation in multi-month periods ripe for accumulation.

[Wilhelm]

This is a fine indicator to follow during bull and bear markets as a trader.



https://twitter.com/ColeGarnerBTC/status/1171160390111072256

Some more details on that indicator here, they seem to say that the top call isn't as reliable as the bottom...
https://medium.com/adaptivecapital/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee

Thresholds: Going forward, as market cap decreases in volatility, we believe that the upper threshold of MVRV might not prove as reliable — as market cap overextends less and less above realized cap as time progresses. However, we expect the lower threshold to remain useful to detect Bitcoin’s undervaluation in multi-month periods ripe for accumulation.

Interesting. However when we hit the top I expect to see transactions taking long to complete. So it should be taken into account aswell.

[jojo69]

Maan $8k feels like a dream I would instabuy...

We all say that, but then when it comes we are all like, oh man I dunno...is 6k around the corner?

[Negotiation]

Maan $8k feels like a dream I would instabuy...

We all say that, but then when it comes we are all like, oh man I dunno...is 6k around the corner?

Observing 10,192.90 how corner $6k?

[Negotiation]

what is this usb port for?

Look closer that's a lightning port.

This is a lot better "jeep" I believe.

The gladiator pickups are pretty damn cool.

This jeep used for next world war?

[cAPSLOCK]

Over the last year a ridiculous amount of hashpower has come online.  It has more than doubled since it's recent low 2018/19.

Who is adding the new machines?

Is there a new chip out there we have not really met yet?

I am seriously been waiting for a big gun like Samsung to start bringing their first chips online.

[fillippone]

^^^
This is my take!
https://bitcointalk.org/index.php?topic=178336.msg52403772#msg52403772

[mindrust]

Over the last year a ridiculous amount of hashpower has come online.  It has more than doubled since it's recent low 2018/19.

Who is adding the new machines?

Is there a new chip out there we have not really met yet?

I am seriously been waiting for a big gun like Samsung to start bringing their first chips online.

Even if there isn't a new chip design, the manufacturer can create the existing machines infinitely. I don't believe it really costs anything other than the R&D activities which probably ROI'ed itself many times already.

[SuperTA]

This is a fine indicator to follow during bull and bear markets as a trader.



https://twitter.com/ColeGarnerBTC/status/1171160390111072256

I gave you a merit for sharing this chart, but...Let me share my thoughts on this. If you rely to much on this chart to sell your bitcoin, there is a higher chance you won't make it as you may think right now. The are a few reasons for this. If you look at the original site and look at that 2nd chart, you can see that it's very hard to predict the right timing.

Those who watched this chart in the previous bull market 2017/2018 have missed the top and didn't sell at the top! Because it simply did not reached the level of the previous tops!

The second thing, if you want to sell a little bit sooner like it happened at the 20.000 usd, you would miss a lot of potential gains if it continues to the previous top levels.

The third reason why this is gonna be even harder to achieve is that many hundreds if not thousands of new traders will look at this chart to sell. Imagine everyone wants to sell at these levels and no one wants to buy there. What would happen? It wouldn't work. So the best thing you can do is that if you really want to sell at those levels, to sell in a dollar cost average method. Even better if you use this chart only as one of your many indicators combined so you can get more accurate the biger picture. That's the best thing you can do.