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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21333197 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.)
SuperTA
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August 09, 2019, 06:02:51 PM

Bitcoin is outperforming altcoins because the big investors are buying bitcoin and not alts. They can't buy a big amount of altcoins because of a low liquidity. Chinese currency, yuan devaluation and trading wars makes chinese to invest in assets that can store their value. Those assets are gold, silver and bitcoin. But bitcoin is the best performing major asset this year.

If you look at the usd/yuan chart you can see similarity in bitcoin/usd chart. That shows us that some of yuan (chinese currency) is entering in bitcoin. But they are not the only one investing in bitcoin.

There are many nervous stock holders right now. The stock market doesn't look promissing at this moment. Many indicators are showing for a potential recession in the next months. So probably some of their money will go in bitcoin as well. Even if it's only 1% of the stock market money, it will be quite a boost for a small marketcap asset like bitcoin.
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August 09, 2019, 06:20:37 PM
Merited by micgoossens (3), JayJuanGee (1)


At 1st glance, wasn't sure if there was a bitcoin bottom meme/joke in there somewhere.
You know, like "the bottom is in...

...that poor kid's face"

Imagine the morning after baked bean night!

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How much alt coin diversification is needed? 0%?


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August 09, 2019, 06:22:55 PM

I checked some Bitcoin summer activities from 2012 untill now 2019.
Year 2012 to 2018 (2014 excluded). Bottoms from july to 25th august,  (1x june, but it's at the very end of june)

Bitcoin local bottoms included, (2012-2019)

18th august 2012

6th july 2013

25th august 2015

1st august 2016

16th july 2017

29th june 2018

17th july 2019 (for now)


P.S. In the 2014 there was no bottom in the summer, falling until january next year.

I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein.  They are loosely correlated at best, and could even be somewhat random.
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August 09, 2019, 06:39:28 PM

Pretty cool... "Bitcoin has only spent 63 days in its history where it closed above current price. This was the factoid posted by crypto-analyst Ceteris Paribus on Aug. 6, along with comparative data for selected altcoins." ...
https://cointelegraph.com/news/bitcoin-price-is-currently-sitting-in-its-historic-top-2-range

The hackers are getting more sophisticated, this may be the negative of crypto that will always be with us, an endless cat and mouse game ...
https://cointelegraph.com/news/coinbase-says-it-prevented-a-crafty-phishing-attack-to-exfiltrate-keys
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August 09, 2019, 06:45:20 PM

Kind of a funny way to conclude an article on Blockstream's mining activities, no?

I'm not sure how Blockstream even attempts to justify their existence.  Bitcoin is supposed to be open source, then a CORPORATION - corporations are private, for profit entities not based on open source - attempts to hijack the protocol as the only possible valid way to send transactions LOL.  So it's not really open source at all if Bitcoin is entirely controlled by a corporation and their proprietary, vendor lock-in solution.  It's as bad of a scam as crisis actor Donald Trump pretending to be a patriot while attempting to ban the 2nd amendment.
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August 09, 2019, 06:50:50 PM
Last edit: August 09, 2019, 07:05:26 PM by SuperTA

I checked some Bitcoin summer activities from 2012 untill now 2019.
Year 2012 to 2018 (2014 excluded). Bottoms from july to 25th august,  (1x june, but it's at the very end of june)

Bitcoin local bottoms included, (2012-2019)

18th august 2012

6th july 2013

25th august 2015

1st august 2016

16th july 2017

29th june 2018

17th july 2019 (for now)


P.S. In the 2014 there was no bottom in the summer, falling until january next year.

I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein.  They are loosely correlated at best, and could even be somewhat random.

maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened. It's not about the yearly calendar. Some of those are not even the real bottoms. I used this because we are in the summer which can influence activity a lot. Just look at the bitcointalk forum. There is less activity in the summer.
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August 09, 2019, 07:05:02 PM

I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein.  They are loosely correlated at best, and could even be somewhat random.

maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened.

Common sense should tell you as the market cap increases, any type of market cycle would have to lengthen as well, leaving you with no possible correlation to any specific months.  Looking at a log chart, the current rise is also WAY WAY too soon after the last rise to be legitimate.  The Chinese mining monopoly shitters artificially rigged it up from $4k to where it is now in the least aggregate market moves ever seen.  I wonder if they're prepared for the fact that it's not possible for this manipulation to stick.
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August 09, 2019, 07:06:50 PM

Great news, everyone.  Miss Trollgoossens has now been featured on The Daily Stormer:

https://dailystormer.name/whore-ready-to-settle-down-after-sleeping-with-more-than-200-men-and-losing-her-virginity-aged-12/

Man you are really funny.
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August 09, 2019, 07:13:53 PM

Kind of a funny way to conclude an article on Blockstream's mining activities, no?

I'm not sure how Blockstream even attempts to justify their existence.  Bitcoin is supposed to be open source, then a CORPORATION - corporations are private, for profit entities not based on open source - attempts to hijack the protocol as the only possible valid way to send transactions LOL.  So it's not really open source at all if Bitcoin is entirely controlled by a corporation and their proprietary, vendor lock-in solution.  It's as bad of a scam as crisis actor Donald Trump pretending to be a patriot while attempting to ban the 2nd amendment.
Linux is open source and it’s plenty of CORPORATIONS legitimately trying to profit from it.
The logic of your statement is pretty weak.
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August 09, 2019, 07:17:08 PM
Merited by JayJuanGee (1)

I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein.  They are loosely correlated at best, and could even be somewhat random.

maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened.

Common sense should tell you as the market cap increases, any type of market cycle would have to lengthen as well, leaving you with no possible correlation to any specific months.  Looking at a log chart, the current rise is also WAY WAY too soon after the last rise to be legitimate.  The Chinese mining monopoly shitters artificially rigged it up from $4k to where it is now in the least aggregate market moves ever seen.  I wonder if they're prepared for the fact that it's not possible for this manipulation to stick.

Correlation is the summer activity. There is less activity in the summer. That's why bitcoin likes to make a local bottom in the summer. From 7 bitcoin years, 6 of them made a local bottom in the summer. so 6/7. This year is probably going to be the same case. So 7/8 of the btc summers. So this shows you no correlation? I don't usually use any predictions based on the month/year but this is an exception. If you read btc news, let me tell you, dont trade based on the news. You know what they say - Show me the chart and i'll show you the news. The news are tools for manipulating small traders. You can predict many price actions based on the current chart. Let me tell you it's not only about the chinese. Bitcoin would grow even without them.

I don't agree that this price action is way too soon.
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August 09, 2019, 07:21:11 PM
Last edit: August 09, 2019, 07:46:07 PM by kurious
Merited by 600watt (2), ssmc2 (1), sirazimuth (1)

I am coming out, I am a gay nazi and my synagogue is banning me from entry.

Man you are really funny.

Don't quote him, a lot of people here have this scumbag's hate speak on ignore.
SuperTA
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August 09, 2019, 07:24:40 PM

I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein.  They are loosely correlated at best, and could even be somewhat random.

maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened.

Looking at a log chart, the current rise is also WAY WAY too soon after the last rise to be legitimate.

Why do you think it's too soon? Is it because you are looking at the previous bear market in 2014 which was way over extended because of the mt.gox collapse. You can't base your prediction only on that. I know many people compare 2014 bear market with 2018 bear. Just don't cuz it's a very different circumstances. That's why many of them think it's too soon. It's not.
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August 09, 2019, 07:25:55 PM

**Random Shit**
Don't quote him, a lot of people here have this scumbag's hate speak on ignore.

Indeed. But that URL is fucking funny.

Wonder how long it would take to write a plugin that would replace any quoted Roach post with "**Random Shit**"
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August 09, 2019, 07:32:51 PM
Merited by mindrust (1)

I am coming out, I am gay nazi and my synagogue are banning me from entry.

Man you are really funny.

Don't quote him, a lot of people here have this scumbag's hate speak on ignore.


all he wants is to produce an ongoing connection between his racism and hate to this forum. everyone quoting him is helping this fucked up retarded arsehole wanker. i doubt he is genuine.

i personally ALWAYS login before reading anything in here, just to be sure i am not confronted with this fuckers shit who is no 1 on ignore list.

dont feed the fuckers.
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August 09, 2019, 07:41:15 PM

**Random Shit**
Don't quote him, a lot of people here have this scumbag's hate speak on ignore.

Indeed. But that URL is fucking funny.

Wonder how long it would take to write a plugin that would replace any quoted Roach post with "**Random Shit**"
No need for plugins just bury his posts on the walls by making more good posts on WO. Cool
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August 09, 2019, 07:45:31 PM

I know you'll hate me for this but is this the right time to get some shitcoins?  Grin Maybe with the 0.5% of the crypto portfolio? It can surely go down a lot more but what if It goes up?  Grin

XMR and LTC looks so cheap. Especially LTC. Shiet it is 0.007. I dumped mine at somewhere around 0.016 or 0.018 Wew! Feelsgood man. I can get back more than double of what I sold now but not sure If i really want them.

There will be a price point, it will become so cheap, some people won't be able to resist, no matter how pointless and shitty these alts are. It is all part of the speculation.

Maybe It is better to wait for the BTC ATH before making that decision and only then invest %1-3 in shitcoins.

*No need to mention: the aim is to get more bitcoins without getting bamboozled by the altcoin hodlers.
** I have that fuckface on ignore and I never ever read the post that quoted him. I advise you to do the same.
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August 09, 2019, 07:50:54 PM

I am coming out, I am gay nazi and my synagogue are banning me from entry.

Man you are really funny.

Don't quote him, a lot of people here have this scumbag's hate speak on ignore.


all he wants is to produce an ongoing connection between his racism and hate to this forum. everyone quoting him is helping this fucked up retarded arsehole wanker. i doubt he is genuine.

i personally ALWAYS login before reading anything in here, just to be sure i am not confronted with this fuckers shit who is no 1 on ignore list.

dont feed the fuckers.
Couldn't agree more.  It seems to have emotional issues about anyone with a girlfriend, too.  I would rather I did not have to see the shit that insect types while wanking off over the Daily Stormer, resenting everyone.
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August 09, 2019, 07:55:47 PM

altcoin bagholders are getting rekt royally.

reaching 70% dominance. on cmc, which was always rigged in favour of alts. alts get killed despite it is the only thing the majority of shitty exchanges make money with. (check coinbase). i am sure they are trying desperately to keep their business model alive.

since it is not retail investors who are fueling the btc uptrend the last couple of months (check google trends for "buy bitcoin")

it may just be shitcoiners that finally got a clue.

70% may not sound like overwhelming defeat but look at this:


bitcoin: 68.8
ETH: 7.75
XRP: 4.33
Bcash: 1.93
LTC: 1.86
Monero: 0.52

those are the top six. that is total defeat.







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August 09, 2019, 07:56:26 PM
Merited by JayJuanGee (1), 600watt (1)

I know you'll hate me for this but is this the right time to get some shitcoins?

The feeling in my bum is that 2014/15 was the true test of a Bitcoin fan's mettle. At that time it was still conceivable 2013 was a one off and it could dwindle back to obscurity. Everyone still around was half 'it'll come back. It's fine' and half 'what the FUCK have I done to myself?'

I reckon this phase is just beginning for alt fans.

The 95%+ fall sucked botty but wasn't too surprising. What comes now is when the true grotesquery arrives and it craters more than anyone dared imagine.

The truly deranged alt run was set off by the Winklevoss ETF denial. If it had happened Bitcoin would've gone nuts and alts would've plunged. Because it didn't they set off for the stars. In retrospect that alt bubble will look like the true tulip moment crossed with the dotcom bubble.

What's happening now is a growing legitimisation of BTC with little sign of it for alts. It's just happening in much slower motion. There'll always be alt runs but who knows which ones will still be on the radar by then and from how low a price they set off from?

Anyway, do what makes you happy.
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August 09, 2019, 07:56:47 PM

I believe that bitcoin is not really on a calendar year pattern, even though frequently guys try to find some correlation patterns therein.  They are loosely correlated at best, and could even be somewhat random.

maybe, but many random stuff like this helped me to predict btc bottom at 3100/3200 before it happened.

Common sense should tell you as the market cap increases, any type of market cycle would have to lengthen as well, leaving you with no possible correlation to any specific months.  Looking at a log chart, the current rise is also WAY WAY too soon after the last rise to be legitimate.  The Chinese mining monopoly shitters artificially rigged it up from $4k to where it is now in the least aggregate market moves ever seen.  I wonder if they're prepared for the fact that it's not possible for this manipulation to stick.

Maybe I was starting to like you because you seemed to have been agreeing with me, then you went into tin-foil hat landia.

Sure, you are likely correct that marketcap increases in bitcoin is likely going to put some pressures upon bitcoin's pump cycles to increase; however, there is also a kind of syncronization of cycles with halvenings and the likely effects of such halvenings.

Accordingly, rather than your speculation that manipulation is causing the front running of the hypecycle, there remains a plausible alternative explanation that the mere learning about bitcoin and the knowledge about bitcoin (and its cycles) is contributing to some tendencies to attempt to front run the effects of the halvening.

I would not call that manipulation as much is it is likely a free market phenomenon within the free market to attempt to push the price in the direction of least resistance for as long as you can get away with it.  Yeah, technically, that is manipulation, but bitcoin's avenues of getting in and getting out, are also increasing on an ongoing basis, so it becomes harder and harder to actually manipulate in the sense that you are attempting to imply.  Yes, manipulation exists somewhat because bitcoin remains a lot smaller than other markets in which some of the BIGGER players tend to operate, so they are able to successfully move bitcoins price a lot more with the same amount of capital that they might have attempted to move in traditional and BIGGER markets with a lot less movement in the price with that same amount of capital.  So, yeah, even if they are able to move bitcoin's price with less capital, there are also manipulator attempters, in bitcoin, on the opposite side of those manipulation attempts, so they may be successful and they may not.. they might get manipulation cooperation and they might not. 

So, yeah, when the manipulators are on the same page in bitcoin in terms of the price direction that they are pushing, then they are going to experience more success to to move the bitcoin price faster and further and with smaller amounts of capital, but at some point, sides switch and battles ensue regarding which way is the next leg in which the bitcoin price should move.  Seems like we are in one of those phases of bitcoin in the past month or more and a bit of a disagreement about whether BTC's price should go up or down.  Could take a bit longer to work this out, but no fucking way is it a reasonable assertion to suggest this whole bitcoin market is manipulated or able to be manipulated on a longer term scale when the whales who are making the manipulation attempts do not always agree about price direction, sometimes they do agree and the price is allowed to move in a commonly agreed to direction, but also sometimes some of them lose control over being able to stop it from going way passed where they’ll  wanted it to go.
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