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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25817698 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. (170 posts by 5 users with 9 merit deleted.)
HairyMaclairy
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August 22, 2019, 08:55:58 PM

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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BitcoinGirl.Club
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August 22, 2019, 09:06:09 PM

Additionally: Green Dildo
degxtra1
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August 22, 2019, 09:51:10 PM

Best buy indicator. incoming pump
realr0ach
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#TheGoyimKnow


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August 22, 2019, 09:57:44 PM


How can you have "extreme fear" when the price hasn't budged at all?  Since you would need a price implosion to have actual fear, all it does is prove how worthless that website's script is.
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August 22, 2019, 10:13:51 PM


Sentiment indicators are notoriously unhelpful.  But that result is hilarious. I have never seen it that low.

I think it hit 6 during the December 2018 bottom.  

This is pathetically easy to countertrade.
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August 22, 2019, 10:18:43 PM
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soxxx
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August 22, 2019, 10:37:13 PM
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This indicator doesnt work imo, yeah social media/trends might be dipping, but thats just typical when the price is "boring".

I don't feel any extreme fear right now, I think if we went down below $9000 or $8000, then you will see real fear, but right now? not much at all. Broken indicator.
JimboToronto
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August 22, 2019, 11:44:08 PM

Easy solution: stop using banks.
Looks like that will have to happen. If I can start buying plane tickets with bitcoin then at this point all I need them for is to pay my cell phone bill. And my family can handle that from another account.

Can't you pay your phone bill with cash? I pay all my bills with cash.

I pay everything with cash including loading up my credit card which I only use for online purchases and travel, such as plane tickets, hotel rooms, etc. If you never owe them money, you never pay interest.

I don't have a bank account but I didn't need one to get a credit card. I also didn't have a credit rating. They sent me a card for filling out a questionnaire at the ballpark to get a free t-shirt. They've upped my credit limit 3 times already without me requesting an increase. Hopefully I'll never need it.

Go Bitcoin go.
BTCMILLIONAIRE
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August 23, 2019, 01:00:44 AM

My bank continues to crack down on me. Just got a call that I can't withdraw my money from kraken to my bank account anymore.

As annoying as this is, it's also good news. If they didn't think bitcoin mattered they wouldn't bother. I'll just have to do all my business in person, maybe use the occasional atm.

In which country are you having this problem. (I intend to use Kraken to withdraw too in the future)
Denmark.
Fuck DenmarkNew season soon.
BTCMILLIONAIRE
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August 23, 2019, 01:05:56 AM

My bank continues to crack down on me. Just got a call that I can't withdraw my money from kraken to my bank account anymore.

As annoying as this is, it's also good news. If they didn't think bitcoin mattered they wouldn't bother. I'll just have to do all my business in person, maybe use the occasional atm.

Easy solution: stop using banks.
Looks like that will have to happen. If I can start buying plane tickets with bitcoin then at this point all I need them for is to pay my cell phone bill. And my family can handle that from another account.
Has Expedia removed Bitcoin payments?

Edit: Looks like it has.
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August 23, 2019, 01:59:00 AM

https://twitter.com/CryptoHornHairs/status/11642011054
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Patience, patience, patience.
Three to six months
Will pass in the twinkling of two eyes.
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August 23, 2019, 03:02:26 AM

This indicator doesnt work imo, yeah social media/trends might be dipping, but thats just typical when the price is "boring".

I don't feel any extreme fear right now, I think if we went down below $9000 or $8000, then you will see real fear, but right now? not much at all. Broken indicator.

https://sludgefeed.com/cnbc-counter-trade-indicator-strikes-again/
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August 23, 2019, 03:14:37 AM

HAH, thats because they are smart enough to know its not that important to be monogamous unlike the majority of moronic humans.
Leave a man without his girlfriend in a long vacation. Most will end up having sex with other girls (if they get chance) and very well will keep it secrete.

So yeah, men are dog 🤪

I worked in a place where women were majority. I can tell you, women can be unfaithful too, but they are better at hiding it. At least that's my conclusion from my 16 years experience working and hanging with them.

You are only 16 years old?
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August 23, 2019, 05:41:39 AM
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Quote
In Information Theory, the concepts of entropy and surprise are inextricably linked. If something surprises you, ask yourself why.

Applying this to Bitcoin, a model with high correlation that suddenly goes "off the rails" is trying to tell you something.

Good morning, it seems that we will leave the hole soon.

BTCullish
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August 23, 2019, 05:53:42 AM


https://twitter.com/Bitcoin/status/1164567907734392832

Exactly. Wink
vroom
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August 23, 2019, 06:09:38 AM


someone has to post this on /r/btc Smiley
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August 23, 2019, 07:26:39 AM


What happened?
This is a Ver-controlled account isn’t it? Why are they posting this?
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August 23, 2019, 07:32:54 AM

Quote
I don't feel any extreme fear right now

Extreme fear is the depths of 2008 sell offs when it went way past any expectations, like sliding on black ice is how that should relate to.     Just gloom is neutral to negative and fairly normal, upsets around the world are unfortunate not abnormal overall.
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August 23, 2019, 07:33:36 AM
Last edit: August 23, 2019, 08:34:55 AM by VB1001
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What happened?
This is a Ver-controlled account isn’t it? Why are they posting this?

Before > BCH



Now > BTC



Here a little info:

Apparently it's owned by instagibbs now, who I have a generally positive perception of as being trustworthy and pro-Bitcoin. (Though I don't know him well.)

There are several good things about this:
 - When BCH pretends to be Bitcoin, it's annoying and could cause confusion.
 - It's nice that @Bitcoin is controlled by someone who is more technical and lighthearted rather than some finance person who doesn't know what they're talking about and is just trying to collect suckers. I like the bio.
 - It was funny to see @Bitcoin trolling BCHers.

But I think that some Bitcoiners are still unconstructively vindictive about the whole BTC vs. BCH thing. It was settled years ago, and I'm content to let them thrive or (more likely) fail on their own. Expending any effort on it now is a waste of time, and could alienate some of them who are not totally lost. If it was me who'd gotten control of @Bitcoin, I probably also wouldn't be able to resist trolling the BCHers a bit, but after a while I'd ignore them near-completely and try to use the position to elevate the overall Twitter dialogue on Bitcoin. I hope that this is the direction instagibbs takes it.

Also, if there was any top-down meddling from Twitter here, then it leaves something of a stain on the whole thing. (I don't know why people subject themselves to Twitter, which has proven time and time again to be a terrible platform...)

https://twitter.com/theinstagibbs/status/1163837511287869441
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August 23, 2019, 08:02:42 AM

This indicator doesnt work imo, yeah social media/trends might be dipping, but thats just typical when the price is "boring".

I don't feel any extreme fear right now, I think if we went down below $9000 or $8000, then you will see real fear, but right now? not much at all. Broken indicator.

https://sludgefeed.com/cnbc-counter-trade-indicator-strikes-again/

Very often the sentiment indicators are a contrarian signal and price move into the opposite direction. But timing is often off so it can be risky to swim against the current too early...
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