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

[GreatArkansas]

Daily time frame update for the RSI.

Last time we saw a drop to oversold of the RSI was before around $4,000 and dropping below that area, last year.
So, no more bear powers ? Hmmmm

[rebal15]

I worry about the future due to the way we are building our seasteads.

The hurricane free zones of the ocean make up 3 times the space as there is habitable land.

Each of our seasteads grows a coral ecosystem underneath.

Coral reefs harbour the highest biodiversity of any ecosystem globally and directly support over 500 million people worldwide, mostly in poor countries.

If we make enough seasteads to cover more than 3 times the habitable space in the world, with the amount of coral that goes along with it...

we may start running out of CO2 due to the coral.

Solution?

We need more humans. Both to live and buy the seasteads, and to create precious CO2 to feed the coral and other plants of the world.

How do we create more humans?

Sex.

Ocean Builders needs to encourage people to have more sex if they are going to live on seasteads.

And as the ocean is just the next frontier on the way to colonizing space...we need a lot more humans for the future.

So stop worrying about everything you may be concerned with now...and start figuring out how to have more sex.

QED

Elwar's dream is smoking under water.

[HairyMaclairy]

Shaping up nicely for debart.  C’mon badger you can do it.

[LUCKMCFLY]

Shaping up nicely for debart.  C’mon badger you can do it.

What pleases me is that it is rising with low volume, maybe if you follow that course of a great jump at a better price, floating offer may be disappearing. Upload effortlessly.

[Lambie Slayer]

The best way to deal with any mental illness is to find a good religion based on truth and not unproven fairy tales.

Only one religion fits this criteria and is backed by math, science, and the gravity of the moon, and that is Bitcoin. If you pray to Bitcoin every day and hodl you will be blessed. All your Earthly troubles will vanish in a sea of lambos, cocaine and trains.

Let go and let Bitcoin.

via Imgflip Meme Generator

Amen.  

[Majormax]

Seeing the PlanB tweet:



and reviewing "The Shorts" gives me some peace of mind that they are closing them, it can be an indication of a tenuous lateralization or market recovery.

I am not sure why would the green phase be so abortive in this bull run.
In 2016-2017 it lasted for more than a year.

In other words: I doubt that we are in the "orange" stage, but who knows.
Maybe, we are front-running the whole trend while we were behind the "true" trend in 2015-2016.

The pattern this year breaks with previous years, so it's not relevant. The problem was the exponential spike to 13k+ ..these sort of spikes always end bull runs.

A quick resumption of the bull phase is a lot less likely now (not impossible of course). On balance, either there is a new bear market atm, or the recovery is going to be slow. I haven't seen anything to change my opinion of early July, when price  was 11k+  .

https://bitcointalk.org/index.php?topic=178336.msg51679151#msg51679151

[Majormax]

Comparing with previous years charts is now a more precarious business, because there is now a new pattern emerging, unlike most previous phases.

[HairyMaclairy]

Comparing with previous years charts is now a more precarious business, because there is now a new pattern emerging, unlike most previous phases.

Would you like to back up your statement with charts and / or analysis?  I am always open to new points of view.

Worth noting the top was $13,880 and the low was  $7,734 so we have already had a 44% retracement. 

[sirazimuth]

The amount of cod science in this thread is too damn high.

Whereas real science of any sort on these boards is few and far between.
On top of crypto scams galore, bitcointalk is the land of flat earth idiots ,evolution denial, anti vaxxers, climate change denial,religious nonsense, juvenile trolls posting walls of utter drivel also
9/11 conspiracy theory bollocks, fanatical politics, moon landing hoax nonsense, to name just a few, with the added benefit that you can post all the lunacy you want and it wont get censured as long as you follow the "rules".

us bitcoiners keep mighty questionable company imho...but hey, that's just me.....

[Ibian]

Bitcoiners are questionable according to the current powers that be, and the general culture.

[Biodom]

Comparing with previous years charts is now a more precarious business, because there is now a new pattern emerging, unlike most previous phases.

Would you like to back up your statement with charts and / or analysis?  I am always open to new points of view.

Worth noting the top was $13,880 and the low was  $7,734 so we have already had a 44% retracement.  

How about this scenario:
https://bitcointalk.org/index.php?topic=178336.msg52567789#msg52567789

2019-2020 (something slower): 3100 to 13800, down to, say, 7.2K, up to 54-64K (in two years with half a volatility up and down)

could be 7.7K instead of 7.2K, then $46-50K instead of 54-64K.
Re @majormax opinion...new pattern would not fit S2F.
Maybe S2F is incorrect, but why when bitcoin, gold and silver all match it (predicted values)?
S2F says: 50K-100K value after halving.

[Lauda]

Difficult news but nice comments: https://old.reddit.com/r/Bitcoin/comments/da1xtl/lightningdev_full_disclosure_cve201912998/.

Bcashers are mentally deficient, willfully ignorant,morally bankrupt, and of course, irrelevant.

[HairyMaclairy]

Maybe I am missing something but that sounds like a variation, not a completely different model

[HairyMaclairy]

Difficult news but nice comments: https://old.reddit.com/r/Bitcoin/comments/da1xtl/lightningdev_full_disclosure_cve201912998/.

Bcashers are mentally deficient, willfully ignorant,morally bankrupt, and of course, irrelevant.

Ok so a bug was found with LN and the bug was fixed?   Is that a fair summary?

[Lauda]

Difficult news but nice comments: https://old.reddit.com/r/Bitcoin/comments/da1xtl/lightningdev_full_disclosure_cve201912998/.

Bcashers are mentally deficient, willfully ignorant,morally bankrupt, and of course, irrelevant.

Ok so a bug was found with LN and the bug was fixed?   Is that a fair summary?

Yes. It's more of an implementation bug than overall IMO. Clients weren't properly checking stuff.

[Dunkelheit667]

Inspired by HairyMaclairy, I fed Excel with some data and generated this spreadsheet. I'm sure it's just noise. However...  If you sold BTC on Tuesday before the expiry of the future and used the fiat to buy BTC on the expiration day (Friday), you could on average buy 2.5% more BTC back. If you used 1 BTC for this kind of accumulation in 2018, this would have resulted in 1.3 BTC by the end of the year. In 2019 (starting again with 1 BTC) in 1.22 BTC so far. I'm working on a similar spreadsheet for the first, second and third week of the month, let's see what these look like... Time for my hodl sleep. Good night WOs!

[UNOE]

Since others are talking about religion and whatever they are wanting.
Just to mention Verlander passed 300 strikeouts to become another joining the 3000 strikeout club and his hot girlfriend Upton was at the game too!  


Just to have something to keep our mind off the dismissal price crypto is in right now.
Hoping for a better next month ahead!

[d_eddie]

There appears to be a bundle of evidence pointing to the fact that psychiatric drugs shorten life-span generally. Also and more specifically, neuroleptic malignant syndrome caused by antipsychotics, serotonin syndrome caused by antidepressants, etc., can be fatal. I'm guessing then that the deaths caused by mental illness can be attributed to the medications mentally ill people sometimes take. Side effects, if you will.
https://www.psychologytoday.com/ca/blog/science-isnt-golden/201109/full-disclosure-needed-about-psychiatric-drugs-shorten-life

Antidepressants are evil. I watched 2 of my family members slip away mentally years before the body finally succumbed, all under doctors orders. One got so bad that they started crying at stop lights because the anticipation of waiting for it to turn green was too much. Won't take any pills myself or seek doctor's advice unless its critical.  Its astonishing how many Americans use these things.  The zombie apocalypse is real.

After a traumatic event i was suffering from depression and anxiety, got SSRI prescribed, took them for 10 months (half dose) and reduced slowly for half a year. Every little step down was a two weeks lasting nightmare. I replaced the SSRI slowly with st. johns wort extract, reduced that for another 2 years. All the three years was hard mental work, but i got finally rid of depression and anxiety. I'd never take these pills longer than i really need to.
Doctors plan was to take them for a lifetime. Only for the best of me, i'm sure...  

Humor, experience, sharing of painful personal stories. OT as the subject is, I'd merit at least jojo69, gentlemand, BlindMayorBitcorn, and BobLawLaw besides makrospex. Don't have enough for everybody, so I'm picking the one who can use it the most: makrospex.

To the other participant gentlemen, here you are. Please have +1 WOsMerit. Thank you.

[d_eddie]

Shaping up nicely for debart.  C’mon badger you can do it.

What if it's just a sweep at short stops before a deeper dive?

[HairyMaclairy]

If we plunge in October in a sustained way, my model is wrong.  Which is entirely possible.