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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25182789 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. (157 posts by 13 users deleted.)
nutildah
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November 12, 2019, 02:55:48 AM

You're under the assumption that alts have to go up because "its time."

Not really. I'm under the assumption that we are myopic in our sense of time. If you imagine yourself zooming forward 100 years and you're in 2120 looking back at the "dawn of crypto" you wouldn't see so distinctly "one" get born and then "the others". You'd just see a cloud which represented the explosion of the first ever electronic monetary assets. Doesn't mean bitcoin can't still be more of a "reserve asset" than its successors but it also means that it's less volatile. It's just a question of degree - like Exter's pyramid - you have a base layer of reserve assets into which profit is taken in times of recession, then a graduating utility layer which expands faster than the base layer in times of growth.

I think you're operating under too many assumptions too confidently. Every time you've approached this thread ringing the altseason bell you've been proven wrong. Your analysis, like times previous, doesn't really depend on anything other than proclaiming "its time."

At the end of the day a coin's chance of success is driven by user adoption. Without this there is no reason to expect any coin to go up, bitcoin included.

"Adoption" can have a variety of meanings when it comes to monetary assets. For monetary commodities "adoption" simply means holding it as a savings vehicle. So measures like the number of active wallets, blockchain transaction use etc ,apply. On the other hand if it's used as a unit of account then it can scale outwith its own technical domain (i.e. holders may not hold bitcoin but may hold some other asset or debt securities that are denominated in bitcoin).

"Adoption" mostly means it is being used by an increasing number of people for any purpose. Without this, neither bitcoin nor altcoins will increase in value.

By either measure, the observations are the same - that the wider crypto market serves as the "lungs of bitcoin".

I think its the opposite - bitcoin is the lungs of altcoins. If bitcoin falters, so do altcoins. If bitcoin succeeds, some altcoins may succeed. The world is still trying to grasp the concept of bitcoin and doesn't really have time to deal with other coins. And 100 years from now, anything is possible.
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November 12, 2019, 03:11:52 AM


Who is the one pumping altcoins in a bitcoin thread?  That is you.  Am I in the wrong thread?

I opened this discussion talking about bitcoin dominance which is a bitcoin topic. As a 6-year holder I tend to find it relevant and generally post such views freely in this thread. Have done for years.

You just got so triggered by the subject that you started bouncing off the walls in a fit of monopolistic zealotry to the extent that you couldn't see the wood for the trees in the point I was making which is actually not very challenging to bitcoin if you care to re-examine it.

All the same you sure can produce some entertaining troll bait so it's not all wasted Wink
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November 12, 2019, 04:36:29 AM


Who is the one pumping altcoins in a bitcoin thread?  That is you.  Am I in the wrong thread?

I opened this discussion talking about bitcoin dominance which is a bitcoin topic. As a 6-year holder I tend to find it relevant and generally post such views freely in this thread. Have done for years.

Aren't you so special.    Roll Eyes

You just got so triggered by the subject that you started bouncing off the walls

I got triggered by poor innocent you? 

hahahahaha


I don't think so.

I responded to your main ideas which was to both suggest with hopium that altcoin season was on its way (which you have been proclaiming for the past two years), and that bitcoin was dying.... which seems to be filled with hopium rather than a description of actual circumstances.  I was pointing out how amazingly pie in the sky you are.

The hopium looked like this to me:



in a fit of monopolistic zealotry to the extent that you couldn't see the wood for the trees in the point I was making which is actually not very challenging to bitcoin if you care to re-examine it.

All the same you sure can produce some entertaining troll bait so it's not all wasted Wink

Keep hoping, Toknormal.  Your dreams of an altcoin season might come true (along with your hope that shrinking market cap really means anything in terms of the growing power of King daddy bitcoin), perhaps?

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November 12, 2019, 04:49:34 AM

One more wave down and be ready for rocket!!


Sourece: https://www.tradingview.com/chart/BTCUSDT/6GNOFYwt-One-more-wave-down-and-be-ready-for-rocket/

Quote
I never care about any indicators any more! Before a lot of years, we test thousands of different indicators regular and custom and try to implement them in many robots but my final conclusion was the best indicator that I have is between my ears. Sure it can go bearish but the probability for this trade is so high! Always use stop so a mistake can not impact more than 3% on your balance. But risk-reward ratio this time is over 1:15 sl 8100 Tp 13200


So at the monument we are looking tracking movement, pump not $10k  but $1000 up to the current price.
 
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November 12, 2019, 05:12:40 AM


Nothing to see here, folks.  Move along... move along.

Are you folks seriously still under the delusion that bitcoin is a natural monopoly ?  Because if you are then I'd consider investing in yellow socks since they're about as likely to establish one.

What do you think's has been happening over the last 10 years ? The so called "altcoin" market is about as utterly hammered into profit-take oblivion as any modern asset's ever seen and bitcoin's still only 16% away from having a minority market share. Wake up and smell the coffee.

Alts are the lungs of BTC and they're about to initiate a sharp intake of breath after an epic exhale Wink




Nice hypothesis. Is it based on one market cycle?
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November 12, 2019, 05:20:19 AM




https://twitter.com/mg0314a/status/1193704282110873607
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November 12, 2019, 05:37:32 AM

One more wave down and be ready for rocket!!


Sourece: https://www.tradingview.com/chart/BTCUSDT/6GNOFYwt-One-more-wave-down-and-be-ready-for-rocket/

Quote
I never care about any indicators any more! Before a lot of years, we test thousands of different indicators regular and custom and try to implement them in many robots but my final conclusion was the best indicator that I have is between my ears. Sure it can go bearish but the probability for this trade is so high! Always use stop so a mistake can not impact more than 3% on your balance. But risk-reward ratio this time is over 1:15 sl 8100 Tp 13200


So at the monument we are looking tracking movement, pump not $10k  but $1000 up to the current price.

Down before up?  Hm?  Seems like I had heard that somewhere before.


Didn't we already get the down?  Remember the last few days?
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November 12, 2019, 05:40:23 AM

Alibaba shoppers earn 5% back in Bitcoin while shopping online


Source: https://twitter.com/Cointelegraph/status/1194011049986408448

Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says.
Source: https://cointelegraph.com/news/alibaba-partners-with-lolli-to-allow-us-shoppers-earn-free-bitcoin
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November 12, 2019, 05:40:37 AM



https://t.co/Db1XgK56Kd

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November 12, 2019, 05:51:12 AM

One more wave down and be ready for rocket!!


Sourece: https://www.tradingview.com/chart/BTCUSDT/6GNOFYwt-One-more-wave-down-and-be-ready-for-rocket/

Quote
I never care about any indicators any more! Before a lot of years, we test thousands of different indicators regular and custom and try to implement them in many robots but my final conclusion was the best indicator that I have is between my ears. Sure it can go bearish but the probability for this trade is so high! Always use stop so a mistake can not impact more than 3% on your balance. But risk-reward ratio this time is over 1:15 sl 8100 Tp 13200


So at the monument we are looking tracking movement, pump not $10k  but $1000 up to the current price.

Down before up?  Hm?  Seems like I had heard that somewhere before.


Didn't we already get the down?  Remember the last few days?

Yes i follow and Remember the last few days Here is something that is unknown to many of us that I am trying to understand a lot but I can't catch bitcoin movement I could have supposition some of what happened before, but now I can't.
all of the last it's harder at the time mainly hard for me tracking BTC movement, don't know if anything else is working here.
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November 12, 2019, 06:24:59 AM
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Bitcoin industry has a huge carbon footprint on the planet. I think now it's time to introduce 3% carbon tax instead of 3% additional cess in order to reduce the carbon footprint on the planet. The electricity consumption from bitcoin industry is projected to increase almost 100 fold in the next 10 years or so. Hence, it would be wise to introduce carbon taxes. Suppose I want to buy a power wheelchair costing 1400$ then I will need to pay an additional 30$ as a carbon tax it the electricity used is made from coal. This way the carbon footprint on the planet can be greatly reduced.


No one gives any shits about the alleged carbon footprint of Bitcoin supposedly being a BIG thing because it is NOT.  That is just a dumbass talking point that shitcoiners make because they are trying to play concern politics and exaggerate something that is NOT an issue.

Bitcoin is an incentive based system, and in order to make profits, there are incentives to get and use the cheapest electricity.  One thing about a decentralized free market is that people are going to make choices about whether to mine or not to mine and if they can make a profit from mining, which will also cause them to try to reduce their costs, especially during periods in which BTC prices might be dropping and some players might be gaming to beat out their competitors by producing hash power at a lower cost.
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November 12, 2019, 06:29:15 AM

One more wave down and be ready for rocket!!


Sourece: https://www.tradingview.com/chart/BTCUSDT/6GNOFYwt-One-more-wave-down-and-be-ready-for-rocket/

Quote
I never care about any indicators any more! Before a lot of years, we test thousands of different indicators regular and custom and try to implement them in many robots but my final conclusion was the best indicator that I have is between my ears. Sure it can go bearish but the probability for this trade is so high! Always use stop so a mistake can not impact more than 3% on your balance. But risk-reward ratio this time is over 1:15 sl 8100 Tp 13200


So at the monument we are looking tracking movement, pump not $10k  but $1000 up to the current price.

Down before up?  Hm?  Seems like I had heard that somewhere before.


Didn't we already get the down?  Remember the last few days?

Yes i follow and Remember the last few days Here is something that is unknown to many of us that I am trying to understand a lot but I can't catch bitcoin movement I could have supposition some of what happened before, but now I can't.
all of the last it's harder at the time mainly hard for me tracking BTC movement, don't know if anything else is working here.

Well, I am not saying that your prediction might not be correct, yet I am also saying that we don't really know which direction that the BTC price is going to go, so in that regard, it might not really matter what we have been saying in this thread, because honey badger is going to do what she does, and surely sometimes short-term probabilities for down might be a bit greater than probabilities for up, but in the end, it is merely probabilities that any of us could become somewhat surprised because BTC's price either ends up going in the opposite direction than expected or it overshoots any reasonable expectation regarding how far it was going to go in either direction.
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November 12, 2019, 06:31:59 AM

Alibaba shoppers earn 5% back in Bitcoin while shopping online


Source: https://twitter.com/Cointelegraph/status/1194011049986408448

Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says.
Source: https://cointelegraph.com/news/alibaba-partners-with-lolli-to-allow-us-shoppers-earn-free-bitcoin

Funny - but BTC isn't good for Shopping -

wait
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November 12, 2019, 06:39:29 AM

Alibaba shoppers earn 5% back in Bitcoin while shopping online


Source: https://twitter.com/Cointelegraph/status/1194011049986408448

Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says.
Source: https://cointelegraph.com/news/alibaba-partners-with-lolli-to-allow-us-shoppers-earn-free-bitcoin

Funny - but BTC isn't good for Shopping -

wait

They are not necessarily shopping by using bitcoin you dumbass bcash shiller.  You are so excited to try to find a contradiction, and you have your head so far up the bcash asshole that you cannot even see straight (not that you ever did have any quality posts, that I can remember.. you were always kind of stupidly enamored with ways to attempt to bash bitcoin.. including your evolution into a big blocker lovefester).

In other words, those "shoppers" are earning bitcoin for shopping, and they don't even have to spend bitcoin in order to earn bitcoin... go figure... what a fucking innovation.... Shocked Shocked
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November 12, 2019, 07:04:03 AM
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Nothing to see here, folks.  Move along... move along.

Are you folks seriously still under the delusion that bitcoin is a natural monopoly ?  Because if you are then I'd consider investing in yellow socks since they're about as likely to establish one.

What do you think's has been happening over the last 10 years ? The so called "altcoin" market is about as utterly hammered into profit-take oblivion as any modern asset's ever seen and bitcoin's still only 16% away from having a minority market share. Wake up and smell the coffee.

Alts are the lungs of BTC and they're about to initiate a sharp intake of breath after an epic exhale Wink




Nice hypothesis. Is it based on one market cycle?

Not really. It's based on a theory of how hard/more persistent assets and soft/more utilitarian monetary assets are structured. Profit-takes leak capital into layers lower down the pyramid following successive market cycles of the upper layers. The lower layers become less volatile but more persistent and therefore serve as a market reserve while most of the profit from growth is made in the upper layers.

You can see this occurring with bitcoin on any long term chart including the log chart of price and the market dominance chart.

See, for example this article from a couple of years back:


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November 12, 2019, 07:08:42 AM


Nothing to see here, folks.  Move along... move along.

Are you folks seriously still under the delusion that bitcoin is a natural monopoly ?  Because if you are then I'd consider investing in yellow socks since they're about as likely to establish one.

What do you think's has been happening over the last 10 years ? The so called "altcoin" market is about as utterly hammered into profit-take oblivion as any modern asset's ever seen and bitcoin's still only 16% away from having a minority market share. Wake up and smell the coffee.

Alts are the lungs of BTC and they're about to initiate a sharp intake of breath after an epic exhale Wink




Nice hypothesis. Is it based on one market cycle?

Not really. It's based on a theory of how hard/more persistent assets and soft/more utilitarian monetary assets are structured. Profit-takes leak capital into layers lower down the pyramid following successive market cycles of the upper layers. The lower layers become less volatile but more persistent and therefore serve as a market reserve while most of the profit from growth is made in the upper layers.

You can see this occurring with bitcoin on any long term chart including the log chart of price and the market dominance chart.

See, for example this article from a couple of years back:




Nice Picture.

The black bottom Needs to be stable af and set in Stone ?

- yes, or it all falls over
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November 12, 2019, 09:08:03 AM
Last edit: November 12, 2019, 10:10:50 AM by JSRAW
Merited by Gyrsur (2), El duderino_ (2), Totscha (2), vapourminer (1), JayJuanGee (1), infofront (1), fillippone (1), BobLawblaw (1)

Haven't caught up yet. I must be already 100+ pages behind. Not gonna check

Recap from 3-4th Nov..

1. Popeyes and Vegan Tulsi - Lambie-
2. nutildah posting pic of his lady friends - Pinay power-
3. Italian  Stallion have big hard on for Plan B Grin
4. Conspiracy theory on bull run aka manipulation et cetera....... -Last bull run was beautiful-
5. Raja_MBZ is old player, dude was busy stacking bazookas instead of Bitcoins in 2011
6. Soap opera of Escrow "Kriptonium"
7. JJG religiously doing his thing here and there.
8. LFC_Bitcoin throws WO sign - minors should close their eyes-
9. V8 posts pic of Katie hills - One way to keeping up with the recent news Grin -
10. Couple of History lessons (Northern Ireland, Ireland, Dutch explorer, New Zealand, Mauritius, Ref of Attila,Romans )
11. Hueristic replies 2-3 posts then leaves the chatroom
12. JJG calls dibs on every topic except history,politics.
13. Mic says " Mmmmm semi good " then v8 pops up Grin
14. That's how Italian checks time Grin  all credit goes to Gyrsur and homer.
15. v8 and xhomerx10 both seems Multilingual or may be polyglots? i suppose good amount of WO belongs to these 2 categories, roachie too.
16. Epstein didn’t kill himself.....
17. jbreher and DaRude argument is in progress
18. Bitcoin Pump and then dump - Next WO party at soup kitchen- or roachie's basement.
19. Bob & JJG bromance continues
20. Some reposting blah blah. jojo was busy with his art thingy so... v8 gets cranky and stallion takes seriously Grin
21.  "bitcoin, Bakkt, Halving "
22. Fun Mic is missing -Mic you need to keep up with Food porn-
23. roachie acting weird lately - talking about chairs- nice roachie
24. fatman disappears....
25. fillippone Merit Source Application If any one missed that.

Belated Happy birthday @xhomerx10. so you were the sole reason of recent Mercury Transit Grin
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November 12, 2019, 09:10:08 AM

Warning WO Gang:
Binance is going under scheduled maintenance in the next hours:

Quote
Binance will perform a scheduled system upgrade starting at 2019/11/13 02:00 AM (UTC). The upgrade will take approximately 4-6 hours.

Full infos here:
https://www.binance.com/en/support/articles/360036133111


I have seen in the past huge swings (which direction, hard to tell) when liquidity from Binance was forced our of the books.



3. Italian  Stallion have big hard on for Plan B Grin
#nohomo


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November 12, 2019, 09:56:14 AM

^ of course sir Grin
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November 12, 2019, 09:57:46 AM

I do miss Toxic2040 with his updates damn.....

Thanks for the reminder, I have a RL contact for him I need to ping, he's been gone too long.

 Grin Cool
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