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

[jbreher]

Offline payments for Lightning Network.

I thought we decided long ago that we didn't much care for custodial solutions?

As I understand this is something more like a payment with a terrible lag on one of the intermediate hop, delaying final hop until destination node is online. Is that a this a definition of custodial? There are triggers for “failed” payments I guess.  I don’t know, but we discussed it here.

And as you correctly surmised right there: "It's not clear (to me, at least) if this solution is fully trustless."

[jbreher]

Offline payments for Lightning Network.

I thought we decided long ago that we didn't much care for custodial solutions?

Coming from you, that must be a joke.

In what manner?

[SuperTA]

Hi! W.O. I'm back. Just to announce something. First of all i would like to say that  we can be happy and we can't complain.
You remember this chart?
https://bitcointalk.org/index.php?topic=5182395.msg52377811#msg52377811

 So we had this chart here and if you are a trader you could sold right at the local top 11k, where we announced our first major resistance. So if you are a trader you regret nothing! If you are a holder you hold through your good and a bad times and regret nothing! I'm a part trader but mostly hodler. I sold some at this top and today i announce that i bought the first dolar cost average at 7400 usd which is not bad after 11.000 sell. If it drops more i buy more. I don't like to be a bearish too much and don't want to talk much about that. Yes, we are currently bellow the weekly 21 EMA and 20 MA which is kinda bearish but many traders here wanted to get another buy opportunity, to buy cheaper at 8k. So you got even 7300. So your wish came true. I know you don't like CME chart but there was / is a 7200 usd gap and gaps almost always fill.

[modpleasehelp]

^^
I just don't believe or have to much faith in TA's they are like a newspaper fun to read and look at but +90% bullsh*t .....



Some hopium charts nice and cool, some bear charts look ugly as hell.... but for me its just HODL and believe that i'm doing the right thing as i'm been doing it for a few years... I have to admit that I don't have to much to regret so the TA's guys are happy, i'm happy everybody happy

TA is everythieng in this game. so you must pay attention on it.

3k BTC WILL COME any day here

3k is not scary... you should try harder... why not 1k? 

not trying to make you scare..... i am being realistic

[Cointxz]

^^
I just don't believe or have to much faith in TA's they are like a newspaper fun to read and look at but +90% bullsh*t .....



Some hopium charts nice and cool, some bear charts look ugly as hell.... but for me its just HODL and believe that i'm doing the right thing as i'm been doing it for a few years... I have to admit that I don't have to much to regret so the TA's guys are happy, i'm happy everybody happy

TA is everythieng in this game. so you must pay attention on it.

3k BTC WILL COME any day here

3k is not scary... you should try harder... why not 1k?  

not trying to make you scare..... i am being realistic

Realistic? Do you even see the support of BTC before 3K level? Do you have any proof  for your 3k prediction? This dump was already predicted before and needed for the bounce back. Green dildo will come soon before december.

---

Are you shorting this dump?

[jbreher]

For those in need :

I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing.
Only I will remain.

- Bene Gesserit Litany Against Fear

“He who controls the spice BTC controls the universe.”

The entire universe beholden to worm poop.

[JayJuanGee]

Back to price analysis....

3.5 month parabolic run at the initial stages of breaking down  

https://www.tradingview.com/x/PtdtsMU7/

And what should we expect from this?

Parabolic breaks almost always lead to

1) Strong retracements back (~85% - 60% if I recall, don't have the stats in front of me atm)

2) Macro trend reversals (think of bitcoin run ups and what happens, like after btc hit $20k)

Yeah, but we have already had our 85% correction down to $3,122.  Remember December 2018?

We are getting another 60% to 85% correction from the $13,880?  That makes hardly any sense.

Now if you were talking about a 60% to 85% correction from some kind of new ATH or something like that, then you might be starting to make some senses.  Perhaps?

In other words, the impression that I am getting is that you are one of those loonies or shills who are spreading disingenuous pie in the sky thinking rather than attempting to grapple with on-the-ground BTC price dynamic realities.

Lol bless your little heart....  you were so quick to lash out, you didn't read the chart right.  It's inverted.  The parabola I'm showing is from ~13.8k to ~7.8k.  I'm suggesting the downtrend is about to macro reverse or at least "pull back" ~60 to 80%.

Personally, I'm guessing it's a macro reversal.  We need to start slow grinding up to the previous ATH over the next ~6 months or history won't repeat itself like the world is expecting. 

Aren't you so precious for dealing in puzzles?


NOT


 

[vapourminer]

I used to be a permabull and I still am, but I need some fellow holder to reassure me.

I didn't struggle too much when btc was 3k-ish, because i was only waiting for the final capitulation, which i tought finally happened when we jumped to 14k and then, after correction, we were going sideways10k-ish.

From here, I thought, it can only go up.

But now we are experiencing a significant further correction, and today's red dildo is really tought for me, not financially but emotionally.

Worst than all, during the last year or so I saw too little development: lighting network is cool and I even used it with my android, but there are almost no merchants. And we still dosen't have an open market or a p2p exchanger. And I am really afraid that if we dosen't manage to get a working ecosystem BEFORE regulation, regulation will kill most of the coming projects.

Today I need someone to hodl my hand and say that everything is still ok.

i would love to tell you its ok. but i cant. because its bitcoin, and it does whatever it wants.

all you do is hang on and admire its total disregard for charts, technical analysis, governments, forks and pretty much anything else.

[Majormax]

^^
I just don't believe or have to much faith in TA's they are like a newspaper fun to read and look at but +90% bullsh*t .....



..

Well TA worked for the last few months on BTC , much to many peoples surprise.

The failure at 13500 was an very obvious opening of a long bear phase. No bottom has been formed yet, so its still in a downtrend...

..unless you think that the developments in quantum computing are weighing on price, I would say it's a pure technical move.

You are correct that TA is useless, unless you are a medium term trader. 

[zenstrive]

tag for follow
So the advise now is to keep accumulating?

[dragonvslinux]

tag for follow
So the advise now is to keep accumulating?

Business as usual with good discounts.

[Negotiation]

A bitcoins make a strong head move from here to 10,000 US dollar by coming end of this October in the day of Halloween. Day of Halloween are important for BTC

So you say you are realistic. But you said 2 days ago for btc to go to 10k by 31th October and now you call 3k to happen any time. I would say you change your mood very fast and with a drastical change.

@SuperTA brother no chance dumping called 3k what you see 3k?

[LUCKMCFLY]

Bakkt Hits New All-Time High, With Over 450 Bitcoin Futures Contracts Traded..

Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling at $7,400 per Bitcoin. 11 futures contracts for December have been sold, with the last recorded trading price at $7,407.

Source:https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137542


via:@BakkBot

XBTO:

“Last week, we bought the first Bakkt Bitcoin Daily Futures contract and took the first physical delivery of a digital asset under existing commodity futures laws and regulations. This week, we executed the first block trade. We’re pleased to report that the launch was successful and can accommodate large trades.”

Source:Cointelegraph

[Dabs]

There you go again with your misleading questions implying LN is custodial and can't be trusted ... I am beginning to think it is subconscious and unintentional, a bias that leaks out whatever you are actually thinking. Which is worse as you're making it look like you actually believe in it.

[Negotiation]

Not owning any bitcoin is in and of itself an investment.

It means you're instead investing in the current system, which:

- Values spending over saving
- Prints money & manipulates
- Rages trade & currency wars
- Has $17T of negative yielding debt

Choose wisely.
Source: https://twitter.com/Rhythmtrader/status/1187106186644074498

[jbreher]

There you go again with your misleading questions implying LN is custodial and can't be trusted ...

Why would you think that? Talk about a flying leap of logic. The topic was this new so-called 'innovation' upon LN allowing asynchronous transactions, not LN itself. Either keep up, or don't bother to comment. At least not disparagingly. Makes you appear the fool.

Nay, base LN has its own piles o' poop, long since having been discussed.

[Icygreen]

There you go again with your misleading questions implying LN is custodial and can't be trusted ...

Why would you think that? Talk about a flying leap of logic. The topic was this new so-called 'innovation' upon LN allowing asynchronous transactions, not LN itself. Either keep up, or don't bother to comment. At least not disparagingly. Makes you appear the fool.

Nay, base LN has its own piles o' poop, long since having been discussed.

I read your comment with the same understanding as Dabs, so.....Not surprised you're getting blow back. Just saying

[infofront]

For those in need :

I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing.
Only I will remain.

- Bene Gesserit Litany Against Fear

“He who controls the spice BTC controls the universe.”

The entire universe beholden to worm poop.

Bear market got you down?

[jojo69]

so much poop

[VB1001]

During the last 3 months of 2017, Bitcoin hit a new all-time high once every 3 days, on average.

Bitcoin has now gone 676 days without a new high.

Longest streak ever was 1,176 days (from Dec 2013 to Feb 2017).

https://twitter.com/charliebilello/status/1187194172958236674

StrongHats and Hodl