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Question: How long until 70K (credit: Heslo)
1 week - 18 (22.2%)
1 month - 51 (63%)
1 year - 0 (0%)
the top is in - math and science confirms it - 12 (14.8%)
Total Voters: 81

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25262302 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.)
jojo69
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December 09, 2019, 02:52:55 PM
Last edit: December 09, 2019, 03:03:15 PM by jojo69

it was a sideways pump


edit...spoke too soon
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December 09, 2019, 03:06:54 PM

Analysis by Tom Lee ..

Quote
We may be about to test
@fundstrat
's theory.

S&P up 27% in 2019. Up 4% from November breakout.

Will a rising S&P tide bring the Bitcoin boat up also?

“Bitcoin does best when the S&P’s up more than 15%.”
- Tom Lee



Source: https://twitter.com/caprioleio/status/1203628681903689728
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December 09, 2019, 04:43:24 PM

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....
It does not matter!

Quote
Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....
Happy for you. Family comes first.

it was a sideways pump
Moving sideways from long time! It's boring.
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How much alt coin diversification is needed? 0%?


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December 09, 2019, 05:18:36 PM


^
Perhaps keeping it simple for the general audience.  Lots of folks will stop listening if they don't understand what's being said. He appeals to a large group of investors I'd imagine of which most probably won't understand mining.

For context, we are referring to my comments about the Tim Draper interview video.

Even though I agree with you (Icygreen) that Draper likely attempts to frame his discussion in terms of broad context ideas, I stick by the comments of my earlier post, and I may even double down to assert that he might not even understand the significance of certain technical aspects of projects in which he invests.  

I am NOT trying to act as if I am technically smarter than Draper, but he is more of a broader concepts kind of investor and he does not necessarily get into the technical weeds of his various investments, but he does seem to be more than ready, willing and able to get into investing into technical matters that he does not understand so long as he largely agrees with the overall offer proposition of the thing that he is investing into.  Probably the fact that he dabbles with a large number of investments at the same time, necessitates that he does not get into too many technical details, so, again, I am not sure whether he actually understands the significance of the every two weeks mining adjustment (because it would be easy enough to put that into laymans terms), but of course, I recognize that he easily would understand the whole concept if anyone were to explain it to him (presuming that he currently does not recognize it as an important factor to mention in these kinds of public overview of bitcoin discussions).

I will also assert that even though Draper does not seem to get into the weeds of any technical proposition arguments, he also does not seem to be easily distracted into any kinds of pumping up of various shitcoins, and maybe he does invest in shitcoins but just does not talk about them.  Most of all interviews that I have seen him, he will redirect any attempts at shitcoin talking back towards bitcoin.  So, whether he ends up being correct or not, his not getting into shitcoins is something else that bitcoin maximalists can appreciate.

Don't get me wrong, I, personally, am not really hostile to various possible technical offerings of shitcoins, but I am frequently against either overexaggerating their importance or attempting to put them on some kind of equivalency pedestal as bitcoin, when there is a BIG ASS lacking of actual factual and logical evidence to show any shitcoin to come even close to bitcoin, and I hate to even mention the network effects of Ethereum in this regard, because even the network effects of ethereum seem to be considerably built upon smoke and mirrors that have decent odds of completely collapsing in spite of all the supposed hundreds of thousands of snot nosed 14 year olds building upon it.  But hey what do I know?  I am surprised that ethereum is seemingly holding its own (to the extent that it is) for more than 5 years already... holiey ba-jeezus!!!!!  Shocked
JayJuanGee
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December 09, 2019, 05:34:11 PM

^
But there were no weekend pump 😀

This is fine.

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....

Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....

I am a bit unclear about what you mean about this "stacking money" concept?  Are you saying it is a good thing to "stack money"?  or a bad thing?  or something else?

Maybe it is a "bad" english thing coming out of the keyboard of "this particular" team associate?    Cheesy Cheesy Cheesy Cheesy

Or alternatively, it is possible that I might just be NOT understanding some kind of contextual issue regarding this usage. Perhaps?
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December 09, 2019, 05:50:46 PM
Last edit: December 09, 2019, 08:52:31 PM by mindrust
Merited by LFC_Bitcoin (2), Biodom (1), JayJuanGee (1), Icygreen (1), LUCKMCFLY (1)





Some hopium charts.

On the first one, the daily 350 MA is holding quite well while the Mayer Multiple is 0.78. Last time MM was this low it was the last year when the bitcoin was below $4k.

On the second chart we see the 200 Weekly Moving Average. According to this one, we never entered the bear market at all. The moment we came pretty close was last year when the price was $3.2k. What happened then? A mini bull to 14k.

Conclusion: We are very close to the bottom.

Now the Important Questions:

Q- Can it go lower?
A- Sure it can.

Q- Is it worth waiting?
A- I don't think so.

Q- Would you go all in from these prices?
A- Not my thing but I would start putting some serious amounts if I had no bitcoins. I personally increased my DCA's lately. (I did slow it down it in after May when it was above 10k and I told you when it was happening)

It is under 10k. Very close to the some serious support levels. 200DMA was a serious one too but I remember what I said back then, the real boss is the 350DMA. (The king boss commanding general is 200WMA)

I would buy bitcoin from these levels and that's what I am doing.
El duderino_
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December 09, 2019, 05:51:29 PM

^
But there were no weekend pump 😀

This is fine.

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....

Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....

I am a bit unclear about what you mean about this "stacking money" concept?  Are you saying it is a good thing to "stack money"?  or a bad thing?  or something else?

Maybe it is a "bad" english thing coming out of the keyboard of "this particular" team associate?    Cheesy Cheesy Cheesy Cheesy

Or alternatively, it is possible that I might just be NOT understanding some kind of contextual issue regarding this usage. Perhaps?

It’s not to difficult actually ..... don’t only save money in general ( money = which money or whatever you prefer that’s valuable to you...)
But have fun as well!!!
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December 09, 2019, 06:16:07 PM

<snip>

I would buy bitcoin from these levels and that's what I am doing.
Bitcoin spirit!
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December 09, 2019, 06:54:16 PM

Do you know what happens on the eleventh and 12th year? I could only find for the 1-10 year cycle.

Assuming it is a cycle, repeat 1 to 10 for the 20 year cycle?

https://www.quora.com/What-is-W-D-Gann-time-cycle-its-application-in-stock-market
Bullish if true@?
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December 09, 2019, 07:27:08 PM

Bullish if true@?

Bullish, period, halving is around the corner.

Grab them while you still can.
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December 09, 2019, 07:40:57 PM

Looking for the beginning of the hats, written directly, highlighting, the most interesting, just trying to tell this beautiful story:

When reviewing the pages of 2018, the first publication that refers to a hat is a Last of the V8s publication, it seems that it was the trigger of the WO hats at the HairyMaclairy appointment.
From my recollection, this early hat history conversation goes back before October 15, 2018 - because I believe that the main reason that V8 was razzing Hairy so much about hat eating was because months earlier Hairy had said that he would eat his hat if there was certain BTC price movement.  I can't remember exactly the bold prediction, so I went back and looked at Hairy's posts for many months before October 15, but I could not find such post.. so I cannot exactly refresh my memory with an actual post.
I don't know, this morning I arrived until October 10 and I didn't find anything about it and the phrase V8 have you ever eaten a hat?
It refers to the previous publication of hairy for BFX deposits 15 Oct.

https://bitcointalk.org/index.php?topic=178336.msg46903711#msg46903711

I do agree that it can be quite funny or ironic how each of us can have differing recollections of aspects of history, and even which parts of the history had pushed forward the dominance of a certain kind of narrative.

Of course, not too much unlike the blindfolded folks assessing what is an elephant from their various perspectives.



Or, perhaps more accurately, like two elephants wrestling?



The one on the bottom is me... hahahahahaha:  "I give up.  I give up."   The one on the top is VB1001.  Cheesy Cheesy Cheesy Cheesy

ha, ha, this will never happen. Cheesy
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December 09, 2019, 07:50:38 PM


^
Perhaps keeping it simple for the general audience.  Lots of folks will stop listening if they don't understand what's being said. He appeals to a large group of investors I'd imagine of which most probably won't understand mining.

For context, we are referring to my comments about the Tim Draper interview video.

Even though I agree with you (Icygreen) that Draper likely attempts to frame his discussion in terms of broad context ideas, I stick by the comments of my earlier post, and I may even double down to assert that he might not even understand the significance of certain technical aspects of projects in which he invests.  

I am NOT trying to act as if I am technically smarter than Draper, but he is more of a broader concepts kind of investor and he does not necessarily get into the technical weeds of his various investments, but he does seem to be more than ready, willing and able to get into investing into technical matters that he does not understand so long as he largely agrees with the overall offer proposition of the thing that he is investing into.  Probably the fact that he dabbles with a large number of investments at the same time, necessitates that he does not get into too many technical details, so, again, I am not sure whether he actually understands the significance of the every two weeks mining adjustment (because it would be easy enough to put that into laymans terms), but of course, I recognize that he easily would understand the whole concept if anyone were to explain it to him (presuming that he currently does not recognize it as an important factor to mention in these kinds of public overview of bitcoin discussions).

I will also assert that even though Draper does not seem to get into the weeds of any technical proposition arguments, he also does not seem to be easily distracted into any kinds of pumping up of various shitcoins, and maybe he does invest in shitcoins but just does not talk about them.  Most of all interviews that I have seen him, he will redirect any attempts at shitcoin talking back towards bitcoin.  So, whether he ends up being correct or not, his not getting into shitcoins is something else that bitcoin maximalists can appreciate.

Don't get me wrong, I, personally, am not really hostile to various possible technical offerings of shitcoins, but I am frequently against either overexaggerating their importance or attempting to put them on some kind of equivalency pedestal as bitcoin, when there is a BIG ASS lacking of actual factual and logical evidence to show any shitcoin to come even close to bitcoin, and I hate to even mention the network effects of Ethereum in this regard, because even the network effects of ethereum seem to be considerably built upon smoke and mirrors that have decent odds of completely collapsing in spite of all the supposed hundreds of thousands of snot nosed 14 year olds building upon it.  But hey what do I know?  I am surprised that ethereum is seemingly holding its own (to the extent that it is) for more than 5 years already... holiey ba-jeezus!!!!!  Shocked

Drapers' kool aid strong! :-D ~ i met him last year fwiw* lol
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December 09, 2019, 08:25:59 PM

https://www.prnewswire.com/news-releases/ledgerx-announces-change-to-executive-leadership-300971599.html
further news in the feud with CFTC, upshot is the board yanked Chou, seems like they want to make money


BOOOOOLISH:

Quote
The board of directors appointed Larry E. Thompson as interim Chief Executive Officer and Lead Director of Ledger Holdings.

Mr. Thompson joins Ledger Holdings following an over 30-year career on Wall Street, where he served in a variety of senior-level roles, including General Counsel and, most recently, Vice Chairman of the Depository Trust & Clearing Corporation (DTCC).
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December 09, 2019, 08:32:09 PM
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The history of the hats is written, there are some new details and I have tried to structure them better.

https://www.wohats.com/2019/12/hats-history.html

These days I also started writing the beginning and the trajectory of Wall Observer, it is pending to include more data, but it is already underway.

https://www.wohats.com/2019/12/the-beginning-of-wall-observer.html

At the moment I have nothing else in mind.

If the items do not like them, I will eat my hat.




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December 09, 2019, 08:34:49 PM



^
As we see, touching a price with 666.00 flat is always a bad idea  Roll Eyes
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December 09, 2019, 08:47:53 PM

Real talk...




(Twitter)


@hodloncomrades
I struggle to imagine what a world will look like when hundreds of millions of people are scrambling to acquire bitcoin.

When I start thinking about it the movie Titanic comes to mind, if you are not in a lifeboat it's probably all over for you.
👇

@hodloncomrades
I dream of seeing as many people as possible holding sats before the boat sinks.

#hodloncomrades don't trade.
El duderino_
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December 09, 2019, 08:53:06 PM

#bitcoin = trust-minimized money, no State, no Central Bank, no company, no CEO, no server, no trusted third parties.



https://twitter.com/100trillionUSD/status/1203767865817608194?s=20

#PlanB
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December 09, 2019, 08:53:24 PM
Merited by Last of the V8s (1)

Lol

https://www.dailymail.co.uk/news/article-7771903/Honey-badger-rescued-python-jackals-fighting-feast-snake.html

Honey badger is rescued from the coils of a python by a couple of jackals, then teams up with its new friends to kill the snake... before fighting them off to feast on the reptile




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yes


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December 09, 2019, 09:14:19 PM

Real talk...




(Twitter)


@hodloncomrades
I struggle to imagine what a world will look like when hundreds of millions of people are scrambling to acquire bitcoin.

When I start thinking about it the movie Titanic comes to mind, if you are not in a lifeboat it's probably all over for you.
👇

@hodloncomrades
I dream of seeing as many people as possible holding sats before the boat sinks.

#hodloncomrades don't trade.

Opposite to the situation on the Titanic, there will be plenty of Satoshis for people to jump on. The question is how much they will get for every fiat token.
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December 09, 2019, 09:24:18 PM

snippped..chart1
snipped..chart2

Some hopium charts.

On the first one, the daily 350 MA is holding quite well while the Mayer Multiple is 0.78. Last time MM was this low it was the last year when the bitcoin was below $4k.

On the second chart we see the 200 Weekly Moving Average. According to this one, we never entered the bear market at all. The moment we came pretty close was last year when the price was $3.2k. What happened then? A mini bull to 14k.

Conclusion: We are very close to the bottom.

Now the Important Questions:

Q- Can it go lower?
A- Sure it can.

Q- Is it worth waiting?
A- I don't think so.

Q- Would you go all in from these prices?
A- Not my thing but I would start putting some serious amounts if I had no bitcoins. I personally increased my DCA's lately. (I did slow it down it in after May when it was above 10k and I told you when it was happening)

It is under 10k. Very close to the some serious support levels. 200DMA was a serious one too but I remember what I said back then, the real boss is the 350DMA. (The king boss commanding general is 200WMA)

I would buy bitcoin from these levels and that's what I am doing.

The fact that we recently declined below Mayer multiple of 1.0 makes this cycle particularly weird.
Witness how it never did this during 2015-2017 bull run (once it started going by the end of 2015).
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