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

[Danslip]

If the falling wedge pattern stays here for the next week, the breakout can bring a new momentum in the crypto markets. Wedge trading is my favorite type of trading but the volatility of the Bitcoin price makes me emotional. The bad sides of the emotional trades will take a huge percentage of my crypto balance but the only way to trade the daily charts is to consider these disadvantages.  The more disadvantages happen in the crypto industry, the more problems will po up in my opinion.Just my 2 Satoshis.

Talking about the military, a lot of people here seems to like boats, I'm not much of a boat guy myself, but there is one boat I would like to own, and that's the CB 90.
I like to think of it like the Lambo of boats.
Here working with the dutch in Operation Atalanta (The anti pirate thing outside Somalia).
https://www.youtube.com/watch?v=wgdDgEXO2gE

want

I bet...lol

Maybe we can get one after reaching the ATH in 2020, btw same expectations for the military served people (armed forces)

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[realr0ach]

I would not want to be one of the several hundred trannies on those things going to die for international Jewish banking to Iran and Russia.  Just look at them.  These are primitive contraptions called "ironsides" used in things like...THE CIVIL WAR.  There's little change in functionality or movement speed since.  Meanwhile, weapon and air systems have evolved 4 billion percent, so you just show up and say "hello, please kill me now".

[xhomerx10]

 That's awesome!

[realr0ach]

Mexicans praying they don't die while mining silver in a mine.  When's the last time you saw anyone praying they don't die before attempting to try and mine Bitcoin?  And yet there are retards on this forum who claim "space mining" at 1000x higher cost and danger is somehow going to make metals not function as money and make Bitcoin better.  If the Mexicans are already praying they don't die at work on earth, the space mining workforce would need to be composed completely of Muslim suicide bombers.

[sirazimuth]

dafuck did I just read?
the sad thing is it made me lol....

[JayJuanGee]

Any energy used in Bitcoin is purely sunk cost fallacy.  There is no 'storage' of energy being done anywhere.  Not even caveman IQ Micgoossens and JayJuanGee probably believe this.

Cavemen IQ folks like me, MicG, his team and like-minded BTC HODLers (and BTC accumulators), don't really give too many ratt's asses about details.

All that many of us cavemen IQ folks believe is that: "orange coin number go up."  grunt grunt.    

When push comes to shove, that is all that we need to believe, and so far, our beliefs have been playing out into true outcomes.  

Let's zoom out a bit and take the last 6 years to plug into your caveman IQ hypothetical... .Let's say hypothetically, we put all of our value into BTC at the top of the 2103 price peak at $1,163.  This is a hypothetical, and we know that smart investors tend to DCA into bitcoin rather than putting "all in" at the top of a price run, but hey, I am going to play with the roach hypothetical of caveman IQ peeps, so maybe we could have had made such "all in" purchasing mistake.  

Anyhow, since we are cavemen IQ folks with a conviction to HODL our BTC, so we HODL our BTC from late 2013 to present and where the fuck are we?  Caveman IQ peeps are a mere 8.73x up on our investment.  What a bunch of dumb fucks, right?

But if we cavemen IQ peeps compare ourselves to the sophisticated goldbugs, PM pumpers like roach and Peter Schiff and some of those sophisticated smart peeps, what is their return as compared with ours?  You smart and sophisticated peeps have not even gotten a 2x.  Have you gotten 50% returns?  I don't know your details beyond recognizing that I am not impressed because I have a caveman IQ, and I can only appreciate the returns of myself and other dummies like me, micgoosen, his team and other HODLers only getting a 8.73x return (in terms of the hypothetical), and for some reason we are happy with that level of return.   Go figure?

So, if we look into the future, that is the thing that you want to prepare for, right roach?   We gotta look into the future to attempt to figure out if it would be better to put our present value into BTC or into PMs like gold and silver.  whatchagonna do? 

I bet that the cavemen IQ dummies who end up putting their value into BTC, accumulating more BTC on dips and otherwise and HODLing their BTC are going to perform in their investments quite a bit better than you and Peter Schiff in terms of relative returns.

  Orange number go up, right?  Doesn't the future still look good for orange number?  Actually, I don't need to bet you either, because my money has already been placed in the BTC direction to HODL and accumulate, fucktwat.

[Millionero]

no obscenity, please

[Biodom]

Glad to read about people having good time, around here we were getting too much rain.
I bought some at around 9800, just nibbling.
Not sure if this would turn out a good trade or not (short term).

This got a lot of play on the interwebs, but I think that this guy, sadly, makes some good points:
https://youtu.be/3WclYu5l4G0

[realr0ach]

Cavemen IQ folks like me, MicG, his team and like-minded BTC HODLers (and BTC accumulators), don't really give too many ratt's asses about details.

This is completely normal in pump and dump scams, Ponzi schemes, and pyramid schemes.  If people like you did not exist, the aforementioned scams would never work and we would have no word to describe their existence. 

[JayJuanGee]

Glad to read about people having good time, around here we were getting too much rain.
I bought some at around 9800, just nibbling.
Not sure if this would turn out a good trade or not (short term).

This got a lot of play on the interwebs, but I think that this guy, sadly, makes some good points:
https://youtu.be/3WclYu5l4G0

Hm?  You had been waiting for sub $9k and even sub $8k for a couple of months, right?, but you decided to buy a little in the sub $10k arena.... NOT bad to hedge on your buys and your cashflow a bit and not to get too greedy, especially when there seems to be some difficulties towards testing support again at that $9,049 local bottom, right?

I surely don't know the odds, but likely many of us agree that the $3,122 bottom is in... and gosh, it just seems more or difficult to assert that we need to test below $9k.  Would it be 50/50 currently?  I was preparing to get a little bit worried about a test of support at $7k, but now that is seeming like low odds, maybe less than 33.3% (1/3).....?

[JayJuanGee]

Cavemen IQ folks like me, MicG, his team and like-minded BTC HODLers (and BTC accumulators), don't really give too many ratt's asses about details.

This is completely normal in pump and dump scams, Ponzi schemes, and pyramid schemes.  If people like you did not exist, the afforementioned scams would never work and we would have no word to describe their existence.

Yeah, but some of us are getting rich along the way, too.  Of course, if BTC were to suddenly go to zero, as you would like to hypothesize, or even bleed to zero, then many of us true BTC believers would get screwed because we would be buying all the way down.

Bitcoin has been going on for 10 years (this ponzi scheme that you want to hypothesize), and there have been quite a few people cashing out quite well along the way, too.

Let's say that the ponzi scheme goes another 10 years or 20 years... gosh, even 5 years, CavemanIQ guys like me, MicG, and other hodlers are likely going to still benefit stupendously, no?

Your ponzi scheme assertion just does not seem to make a whole lot of sense when we extrapolate it out another 5 years or more.

I will actually agree that for anyone getting into BTC, and if they do not have at least 5 years to build up vast equity in BTC, then they might not have time to cash out.  Also, some younger guys (and gals) might not be ready to retire, so they may need to cash out some BTC along the way in order to insure themselves from NOT benefitting from the BTC uptrends.  Anything is possible, but the facts don't really seem to be on your  side here, roach.  So if the facts are not quite there, then your ponzi scheme logic does not fit, either.

[realr0ach]

Cavemen IQ folks like me, MicG, his team and like-minded BTC HODLers (and BTC accumulators), don't really give too many ratt's asses about details.

This is completely normal in pump and dump scams, Ponzi schemes, and pyramid schemes.  If people like you did not exist, the afforementioned scams would never work and we would have no word to describe their existence.

Yeah, but some of us are getting rich along the way, too.  Of course, if BTC were to suddenly go to zero, as you would like to hypothesize, or even bleed to zero, then many of us true BTC believers would get screwed because we would be buying all the way down.

There were plenty of people making money long on Enron and Pets.com just like Bitcoin.  The main issue I have is the people who make the claim that anyone who exited and made money before any of these scams blows up is somehow "smart money".  Smart money is based on fundamentals, not gambling, fraud, or being a partner to defrauding others.  That would just be...fraud, not 'investing'. 

You pretend I'm some type of outlier for saying it's not even possible to create a decentralized digital currency, and that Bitcoin is a designed to centralize scam with built-in, rent seeking middlemen, and doesn't remove counterparty risk, useless compared to physical metals.  Yet, this guy, who also started saying similar things long after I began saying them, seems to agree:

Also this from James A. Donald, the first person who communicated with Satoshi on the mailing list where Bitcoin was announced:

A bad time to invest in Bitcoin
October 8th, 2017

Back in 2013 I urged people to invest in Bitcoin.

Yesterday someone asked my cleaning lady to invest in Bitcoin.

Now if someone had asked her to accept payment in Bitcoin, or send payment in Bitcoin, then this would be compelling evidence that one should invest in Bitcoin.

But when cleaning ladies are asked to invest in Bitcoin, not a good investment.

When Bitcoin began, everyone was a miner, and everyone was a peer, everyone stored the entire blockchain. Which was great, but did not scale. And now people are struggling with half assed ideas about how to get it to scale.  Bitcoin can no longer deliver on its original promises, has not figured out what new promises to make, and many of the new promises are unworkable, or are scams, or are likely to turn into scams.

[jojo69]

no obscenity, please

The fuck made you a fuckin' cop?

Door's that way, take your asswipe kids with you shitnozzle.

[JayJuanGee]

Cavemen IQ folks like me, MicG, his team and like-minded BTC HODLers (and BTC accumulators), don't really give too many ratt's asses about details.

This is completely normal in pump and dump scams, Ponzi schemes, and pyramid schemes.  If people like you did not exist, the afforementioned scams would never work and we would have no word to describe their existence.

Yeah, but some of us are getting rich along the way, too.  Of course, if BTC were to suddenly go to zero, as you would like to hypothesize, or even bleed to zero, then many of us true BTC believers would get screwed because we would be buying all the way down.

There were plenty of people making money long on Enron and Pets.com just like Bitcoin.  The main issue I have is the people who make the claim that anyone who exited and made money before any of these scams blows up is somehow "smart money".  Smart money is based on fundamentals, not gambling, fraud, or being a partner to defrauding others.  That would just be...fraud, not 'investing'.  

You pretend I'm some type of outlier for saying it's not even possible to create a decentralized digital currency, and that Bitcoin is a designed to centralize scam with built-in, rent seeking middlemen, and doesn't remove counterparty risk, useless compared to physical metals.  Yet, this guy, who also started saying similar things long after I began saying them, seems to agree:

Also this from James A. Donald, the first person who communicated with Satoshi on the mailing list where Bitcoin was announced:

A bad time to invest in Bitcoin
October 8th, 2017

Back in 2013 I urged people to invest in Bitcoin.

Yesterday someone asked my cleaning lady to invest in Bitcoin.

Now if someone had asked her to accept payment in Bitcoin, or send payment in Bitcoin, then this would be compelling evidence that one should invest in Bitcoin.

But when cleaning ladies are asked to invest in Bitcoin, not a good investment.

When Bitcoin began, everyone was a miner, and everyone was a peer, everyone stored the entire blockchain. Which was great, but did not scale. And now people are struggling with half assed ideas about how to get it to scale.  Bitcoin can no longer deliver on its original promises, has not figured out what new promises to make, and many of the new promises are unworkable, or are scams, or are likely to turn into scams.

Yes.   Add another nutjob to the mix in order to assert that you are not the only nutjob.

I have been giving you the benefit of the doubt, roach, and you just seem to be in a fantasy land, ignoring the reality.  

Bitcoin is the real deal.  It is NOT merely some made up bullshit, like you and your other no coiners spout it out to be.

So, still, the facts do not seem to be on your side in this one roach.  You can proclaim all that you want and you can say that you have been saying this since 2016 when you sold all your coins at $700, and in the end, you have just missed and you continue to miss the investment opportunity costs in bitcoin.  Sure, I will agree that your criticism likely applies to the vast majority of snake imitator altcoins, but bitcoin is the leader in this arena, with the mining power to back it up... Mining power is concrete, just like that shiny piece of gold in your hand is concrete... yet bitcoin is much more portable, divisible, verifiable, and less costly than that shiny piece of metal in your hand, especially when you start dealing with larger amounts (such as in the tens of thousands), and that is also when you are quite happy to be able to store your bitcoins in a variety of ways and thereby choose whether to store them, send them and how to accomplish such is largely available to you with the mining power continuing to provide the ability to verify the access to the coins that you control with your private key(s).

[realr0ach]

Yes.   Add another nutjob to the mix in order to assert that you are not the only nutjob.

Oh yes, he now says all the same things I do about Bitcoin, so that means because he's not attempting to promote the pump and dump scam for JayJuanGee to profit on from fraud, he must have zero credibility and be a complete nutjob:

Also this from James A. Donald, the first person who communicated with Satoshi on the mailing list where Bitcoin was announced

[JayJuanGee]

Yes.   Add another nutjob to the mix in order to assert that you are not the only nutjob.

Oh yes, he now says all the same things I do about Bitcoin, so that means because he's not attempting to promote the pump and dump scam for JayJuanGee to profit on from fraud, he must have zero credibility and be a complete nutjob:

Haven't you realized by now, that bitcoin is going to bitcoin, and it does not matter in any kind of way regarding what I say or whether I convince anyone to buy bitcoin or not.  I could give any shits about whether people decide to buy bitcoins.  That is their choice.

I am here to share information about bitcoin, and to brainstorm with other like-minded folks.

Of course, have to put up with tards like you, in process, but even with your ongoing spouting of nonsense, there still tends to be a lot of decently valuable information that is shared in this thread, and along the way, I can also develop my ideas by writing them out and sharing them, too.

In other words, bitcoin is going to do what it does in spite of anything that I do or say.
 
As, you likely realize about me and my investment style and expectations, I don't need bitcoin to go to $100k or even to go beyond the price where it currently is at.  Furthermore, I have already resolved myself that at some point in the future, when I am comfortable, I can just start cashing out BTC at the rate of about 1% per quarter for the rest of my life, as long as the price is above $5k. Part of the underlying assumption is that cashing out 1% per quarter is not really very likely to eat into principle, so I am kind of presuming that BTC prices are going to continue to appreciate at least 4% per year, using $5k as a base starting out price.

   Of course, if I start to perceive that my life might be coming to an end, then I can start to cash out more than 1% per quarter in order to cash out principle.

I believe that all along my investment thesis for bitcoin has been relatively conservative, and in 2013 when I started buying bitcoin, I had hoped that over the long term, I would be able to achieve at least an average of 5.5% per year return on my BTC investment, so in almost all measures, this bitcoin journey has been way the fuck more successful than I had hoped for in terms of minimum expectations.  So the extra returns are just icing on the cake, and surely BTC prices would have to go way below $1.5k per BTC for me to start to question whether I had made a bad investment.  How likely is that?  Does not seem to be too likely, even though you keep on spouting off about bitcoin being a Ponzi scheme which presumes that it is going to zero (or close to zero). 

Your continuous spouting about such supposed bitcoin Ponzi scheme is not going to make it more true, unless it happens, which seems quite unlikely, perhaps less than 5% in the next 10 years.  And, what the fuck do I care after 10 more years?  I will continue to have been cashing out, and likely have gotten back way more than my initial investment including still having BTC and an investment that is valued more than my initial investment, even supposing a 5.5% per year return.

Also this from James A. Donald, the first person who communicated with Satoshi on the mailing list where Bitcoin was announced

Hopefully people have learned in 10 years about what bitcoin is, and even been able to see how bitcoin has been playing out.  Yeah, Donald says that bitcoin cannot scale, but it can scale and it has been scaling.  Donald would have been correct to be skeptical, but he is also speculating about something (bitcoin) two months before it even started to deploy, and years before it was even attempted to be used.  Even my views about bitcoin have changed in the last 6 years based on bitcoin evolving as a phenomenon including adoption of segregated witness and transaction options that are enabled to be built on the second layer. 

Of course, a decent amount of bitcoin's base ideas are the same, but there has been learning and tweaking along the way, too.  Bitcoin remains a quite strongly verified by facts and experiences and tweaking of the code phenomenon including network effects that have building and growing around it that should be taken into account when comparing something that was said in late 2008 and something that has actually been implemented with more than 10 years under its belt in late 2019.

[nikauforest]

Yes.   Add another nutjob to the mix in order to assert that you are not the only nutjob.

Oh yes, he now says all the same things I do about Bitcoin, so that means because he's not attempting to promote the pump and dump scam for JayJuanGee to profit on from fraud, he must have zero credibility and be a complete nutjob:

Haven't you realized by now, that bitcoin is going to bitcoin,.... (the rest is edited out)

Yea shit! "Bitcoin is going to Bitcoin!" I like it!
Bitcoin is going to Bitcoin!!!! Like never before , it is just going to keep on Bitcoin'in.

Got Bitcoin?

[VB1001]

Five INSANELY bullish charts for bitcoin. 🚀🚀🚀 $BTC #bitcoin

1/ Bitcoin looks nothing like the Tulip Mania or South Sea Company bubbles, which only lasted an illiquid and brief 3 years.

Bitcoin has been growing for 10 years with billions of dollars traded daily.

https://twitter.com/JamesTodaroMD/status/1175116654201790464

Good morning WO,s

[Wilhelm]

Mexicans praying they don't die while mining silver in a mine.  When's the last time you saw anyone praying they don't die before attempting to try and mine Bitcoin?  And yet there are retards on this forum who claim "space mining" at 1000x higher cost and danger is somehow going to make metals not function as money and make Bitcoin better.  If the Mexicans are already praying they don't die at work on earth, the space mining workforce would need to be composed completely of Muslim suicide bombers.

Mining bitcoin can be deadly  

[VB1001]

When Satoshi released Bitcoin v0.1.0 it was comprised of slightly under 32,000 lines of code, over half of which was for the client GUI.
The underpinnings of a completely new financial system were written in under 16,000 lines of code.

https://twitter.com/lopp/status/1175113754406805510