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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390028 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. (174 posts by 3 users with 9 merit deleted.)
HairyMaclairy
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September 08, 2019, 08:13:20 PM

Every second there´s some worthy

Cryptocurrency, Ego And Beautiful Women (Blockchain Cruise)

https://www.youtube.com/watch?v=VyClcoLahXU

I actually liked the answer McAffee gave when asked about his motivation for promoting. I also thought this comment on the vid was hilarious...

Quote
I was on this cruise. I think we may have accidentally got on the wrong ship, as it appeared that we had found ourselves on a tragic beauty queen contest boat. I think the organisers may have greatly underestimated the intelligence of the crypto community. The guys aren't the sort of idiots that would be excited by that calibre of women, the crypto community that I know are highly intelligent, and it really took any sort of soul out of the event and made crypto seem like a seedy greedy lambo loving gold digger drenched hell. I felt like I needed to shower for 3 days afterwards. On a positive note, this is a beautifully made vid! Smiley

I can think of few things worse than being stuck on the Freewinds with Roger Ver and a bunch of beecashers.  
HairyMaclairy
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September 08, 2019, 08:37:32 PM

To the moon's glory
Lunar lander Vikram south pole
But Yet to make contact


Context : chandrayaan2 - unexplored section of the Moon — South Polar region
Live update feed : India - Chandrayaan -2


Update: Lander location found from the orbitar but still no response from the lander with any signals.

But as scientist says 90% success of this project can be achieved with orbitar itself.

It’s a faerie lander, not for use in critical applications.
Toxic2040
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September 08, 2019, 08:42:27 PM

long lens on the daily. still trading sideways with a slack wind.  #dyor
D



------

its that time again..new polling options?  price guesstimates for the 22nd or...something temporally closer? the 15th?  maybe our resident pollster will work some magic and surprise us.

mersal
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September 08, 2019, 08:50:19 PM

To the moon's glory
Lunar lander Vikram south pole
But Yet to make contact


Context : chandrayaan2 - unexplored section of the Moon — South Polar region
Live update feed : India - Chandrayaan -2


Update: Lander location found from the orbitar but still no response from the lander with any signals.

But as scientist says 90% success of this project can be achieved with orbitar itself.

It’s a faerie lander, not for use in critical applications.
Primary intention of the lander is to research about the underground water presence of moon at any form but that might be failed due to the landing failure.
Lambie Slayer
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September 08, 2019, 09:26:02 PM

https://usethebitcoin.com/jed-mccaleb-receives-100-million-xrp-from-ripple/

LOL, XRP The Bagholder standard. Jed will be dumping all of these on shitcoiners heads.
El duderino_
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September 08, 2019, 10:25:42 PM
Merited by d_eddie (1)

Observe HODLnest
Never drunk the ALT kool’aid
The rest will follow


Goodnight brothers of this amazing thread!
El duderino_
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September 08, 2019, 10:32:37 PM
Merited by d_eddie (1)

via Imgflip Meme Generator
El duderino_
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September 08, 2019, 10:38:07 PM

There Will be plenty of f*** ups doing that......

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Spare a thought for the people who will sell their alts for a loss when they go up 20% at the start of a real #altcoin bull market, then end up FOMO rebuying them towards the top and bagholding again.

https://twitter.com/fullbeerbottle/status/1170806219122118662?s=21
JayJuanGee
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September 08, 2019, 10:40:36 PM

Your observation seems quite correct, Hueristic.  My words remain materially inadequate and insufficient in the eyes of Dabs.   Sad

It's not like that at all my friend, your words are all good. I just know you can do a little bit more.

Maybe we are getting caught up on semantics, but  to me, your assertion that I can do a little bit more seems to establish that you believe that my words are not enough in these here parts.


Perhaps you already do and no one knows about it.

For me, personally, it does not really seem to be an appropriate topic of this thread.  I tend to be fairly selective in my sharing of some of my personal details, and yeah, maybe a few personal details might slip in, here and there but my level of do-gooder-ism, to the extent that it exists, is not one that I tend to think about bringing up or that I tend to believe necessary to bring up.   


As for the DCA, I've also read it somewhere else that one of the better alternative strategies is to buy in lump sump what you can, maybe in the case of bitcoin after testing out a small amount, particularly if it is a new exchange or method you are using.

When getting into bitcoin, there can be various reasons to do lump sum and to do DCA.  The reasons vary from each persons situation, but like I mentioned DCA can work quite well for people who are considering long term price potentials and do not want to get caught up in either the day to day or attempting to time dips with any kind of precision.  Of course, lump sum can be quite well in bitcoin, too, but frequently, newer investors might  not even have lump sums that are available.

I have frequently suggested that if someone gets a hold of a lump sum of let's say $6k, then the person divide it into three.  1/3 invest right away, 1/3 dollar cost average over a reasonable period of time, maybe even 6 months, and 1/3 buy on dips.  Of course, my recommendation might change a little bit, depending on what the market it doing and cashflow of the person and other goals that the person might have.

For both buy in and cash out.

I already stated that I believe that it will tend to be erroneous to structure DCA for cashing out, but whatever, people say all kinds of thing, and some of the things are dumb including, in my opinion to DCA on the way out, unless there are specific circumstances justifying such a way about it.


Cash out method is entirely dependent on any target acquisitions you have in mind, but the DCA suggestion is geared more towards a similarity to a so called "safe withdrawal rate" where the principal value is largely unaffected.

I agree that DCA on the way out might work in some circumstances.  At least considering the matter might be better than NOT weighing various ways to do it, but surely DCA on the way out has a lot of different factors, like I mentioned in my earlier post as compared to getting in, so in that case, it is not as much of a no brainer as for on the way out as it tends to be for on the way in.

With bitcoin specifically, increase in value is mostly capital appreciation.

If you are saying that bitcoin is treated as capital gains, then surely that can be a factor to consider, as well in terms of tax implications, of course.

The only reason DCA would make sense is if you've already gotten your initial allocation of corns, and rely on outside sources to continue buying in, and most people don't have large amounts of funds set aside for that. So they get from what they can, which is usually a wage or periodic profits or monthly or quarterly dividends from other investments or sources of income.

Yep.  Agreed.

The average working person would get it from their paycheck, which is either every month or every two weeks. They set aside some amount on that day and just buy whatever corns it will let them.

There are various ways to structure, and sometimes people do it more frequently because they want hands on, but then other times, they might spread it out because they are trying to minimize fees.


The key point which I believe you are trying to make is to remain as unemotional about the process as possible, so DCA affords some of that ability. No thinking. No waiting. No timing. Just buying.

I think that what I had attempted to say was that DCA in makes more sense than DCA out, for the reasons that I had stated in my earlier post.


As for selling, that again depends on your particular situation. If you don't need it all today, can wait a little bit; however it is always a good idea to keep a minimum amount of fiat around so one does not get aggravated by sudden or unexpected expenses, almost all of which can only be paid in fiat or legal tender.

I agree that sometimes tailoring increments might be better than a lump sump, but at least during the cashing out process, that lump sum option might be there, and when buying in, the lump sum option might either NOT be there and/or might end up being the less practical approach for getting and maintaining skin in the BTC game.
JayJuanGee
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September 08, 2019, 10:45:04 PM

Say what you want, but Segwit was a good thing for bitcoin. If it was not for Segwit, we would be paying higher fees today, and the network would be slower. Just imagine the network of 2015-2016 with the adoption of today, it would clog up.

And this is coming from someone who keeps most of his stash in legacy addresses, so no partisanship here.

Native Segwit is absurdly superior to the system that we had in place before. It's not even a debate.

It is a debate for trolls, shills, bitcoin naysayers, no coiners, and even sometimes for fence sitters.

That's part of the reason why some of our colleagues here like to cite for our edumacation purposes, the dumbasses like shelby from time to time or to refer to the purported problematic nature of the "segwit omni-changeset."    Whatever the fuck that means? hahahahhaha
JayJuanGee
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September 08, 2019, 11:12:34 PM
Last edit: September 08, 2019, 11:36:33 PM by JayJuanGee
Merited by Last of the V8s (1)

If jbreher uses his intelligence to deceive people

Not at all. At least never intentionally.

Quote
or to to get caught in stupid-ass technical arguments

I guess it takes a self-described technical ignoramus to openly refer to technical arguments as 'stupid-ass'.

Probably a decent number of the readers of this thread have already recognized that you have a significantly large amount of misleading and misinformation in your posts that tend to also get caught in the weeds of some kind of irrelevance that leans more towards intentional than not.

Regarding your stupid-ass technical arguments, they frequently are stupid-ass because they either are misleading or they are put too much weight on improbable events, which is another form of misleading.

Since it seems quite unlikely that you are going to get banned, and every once in a blue moon, you do provide some helpful information, the best that many of us can do is to merely point out some of your misleading uses of technicalities and other nonsense that you post, that might come off as innocuous on its face. You are not the first to have been engaging in such, and likely not the last, even though you have established a bit of your own signature style in this thread in such seemingly intentional misleading and deceiving regards..

There are also some smart peeps who participate in this thread (and probably readers too), who have not seemed to have recognized the intentional misleadingness of a decent number of your posts, so they engage in behavior to give you the benefit of the doubt, even though many of the times, you don't really deserve such benefit of the doubt.  

Remember Jstolfi?  He was considered to be polite too, similar to your perceived persona, but Stolfi also wreaked a decent amount of havoc through his ongoing distortionary campaigning that lasted through much  of the 2014/2015 bear market, and Stolfi had similar but different patterns from your own.. and the time was different then, too in 2014/15, of course, so the attack vectors upon bitcoin were different then, too.
JayJuanGee
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September 08, 2019, 11:23:06 PM
Merited by HairyMaclairy (1)

If it was not for Segwit, we would be paying higher fees today, and the network would be slower.

Well, there was another available means of solving these issues.

Who cares?  Water under the bridge.

Segwit was passed by overwhelming consensus, yet diptwats like you want to continue to argue about (then) supposed other options.. so fucking what?  That's not what happened.
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September 08, 2019, 11:32:44 PM

JJG, you may be a bit too wordy, but I'm glad that you spare the time to call out the destructive bullshit that jbreher spews in order to manipulate others. I am also thankful for Hairy's contributions as well. 
JayJuanGee
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September 08, 2019, 11:33:34 PM

to re-iterate two recent analysis of bitcoin statistics:

S/F by planB

https://twitter.com/100trillionUSD/status/1170701620751065095   #this is latest reiteration, see medium article for the original.

Power law by Harold Cristopher Burger:

https://medium.com/@hcburger1/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

TL;DR S/F predicts at least 55K at the halving with about 55-300K band; Power law predicts a maximum of about 120K by the end of 2021 and as low as 15k in the ensuing correction by the beginning of 2023. S/F is a bit more optimistic (no reason for the price to dip to 15K).

If we are looking more short-term BTC price dynamics, part of the question currently, in my ponderings, is whether there is going to be a weekly candle closing reaction?

Sometimes it comes before the weekly candle closing and sometimes afterwards.

BTC price dynamics seem pretty flat right now, and the weekly candle closes in about 30 minutes, at the time of my typing.
HairyMaclairy
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September 09, 2019, 12:32:17 AM
Merited by JayJuanGee (1)

If it was not for Segwit, we would be paying higher fees today, and the network would be slower.

Well, there was another available means of solving these issues.

Who cares?  Water under the bridge.

Segwit was passed by overwhelming consensus, yet diptwats like you want to continue to argue about (then) supposed other options.. so fucking what?  That's not what happened.

Word.  Go out there and make Beecash Satoshis Original Crispy VisionTM happen.  Don’t sit around here complaining to us about what might have been
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September 09, 2019, 12:57:23 AM

Got bad news.  Silver will probably double top at $800 an ounce.

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September 09, 2019, 01:08:55 AM

Here is a look at the weekly chart from a couple of different perspectives. No ta..ive had a few too many cold snacks and am looking at the screen outta one eye at the moment..
Seahawks win a nail biter in the home opener against the Bengals 21-20   Life is good.  Carry on.
#dyor
W



W

#stronghands'19
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September 09, 2019, 01:15:44 AM

https://usethebitcoin.com/jed-mccaleb-receives-100-million-xrp-from-ripple/

LOL, XRP The Bagholder standard. Jed will be dumping all of these on shitcoiners heads.

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September 09, 2019, 01:55:42 AM


one point three percent
every shitcoin bagholder
is this alt season?

Unknowingly, or...?
Posted a visual #haiku!
Goose with a surprise
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September 09, 2019, 02:25:05 AM

Good day Bitcoinland
Ten four four two U.S. bucks
(Bitcoinaverage).

Still going sideways
When will this crap ever end?
Maybe November.

Buying those cheap coins
Still plentiful time brothers
Hurry though moon soon

5
7
5

I got it, right?


Formally perfect
debut deserving merit
LFC scrapped it?


+1 WOsMerit to LFC (if the #haiku was actually written by him, and this isn't a quoting mistake by ulrich_zh)
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