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

[dragonvslinux]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.



The Weekly is yet to print the buy signal (also only half way through the week), so no confluence between these time-frames yet, but still:

If these buy signals come through, I will become an uber bull  

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[Lambie Slayer]

Belated Merry Christmas to everyone. Just finished catching up on 9 days of WO reading, familial duties kept me busy of late.

[Lambie Slayer]

So, let's face it: Lambie was wrong this time too. No $5k no 4k or 3k. Not even $6k dammit! He's so proud of himself for "declaring baby bull market" but how many times since then he was wrong predicting bear moves? There has to be some reason a person predicts bear moves every now and then. The guy is smart, I admit. But to me he's just a smarter version of gembitz. Sorry Lambie fans.  

I've only heard him tossing out the number $5k in the last day... did he do so previously? He just said it won't go to $3k. And I've got news for you: this is $6k. This is it. He's been right about calls he made 3-4 months or so ago, which is better than most can say.

Everybody is a smarter version of gembitz. My comb is a smarter version of gembitz. Yeah I guess I'm a Lambie fan. Oh well, I'll have to learn to live with it.

Well said Nutildah. 6k range did happen.

And yep, we are all smarter than gembitz.

And yeah 3k isnt gonna happen imo, somebody is misremembering my posts. 5k's might be in the cards though, it could go either way at this point in my opinion.

Id want to see some serious volume among other things before I called bottom yet.

I bought 2 more coins when the Bargain Boyz buy zone was reached but Id like to get another 8 or so if the price is right. Ill let the Boyz guide me. Obviously we all know its a metaphor for shrewd investors holding out for compelling prices, so when I said the Boyz were buying it meant I was buying too.

[dragonvslinux]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

[Biodom]

about an alt: people are finally waking up to a basic betrayal of trust...

https://www.trustnodes.com/2019/12/27/the-mystery-of-12-million-eth

Yet so much remains unknown. Was there a contract? Between who? What were the terms? What were the conditions? Has this contract been breached?

By the letter of it, perhaps not, but in the court of public opinion it certainly has been breached, for that payment was based on the promise of a completed roadmap to Serenity, a promise implicitly or explicitly made by all of them.

They got so much, and instead of exercising their knowledge, even their talent, and perhaps more importantly instead of educating the new generation to pass on skills, they spoil themselves.

what a clusterf--k, but with us pushing 70% in dominance, would not add much.

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners became mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.

TL;DR It is was not switching hashing OFF, it was a replacement cycle.

[dragonvslinux]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners become mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.

TL;DR It is was not switching hashing OFF, it was a replacement cycle.

Not relevant. These signals have been back tested pre-ASIC. I'm sure that any TA based miner would be able to pin point the relevant cycles with releases of different models of miners that end up on the market, or others that drop out of the market for that matter, in relation to these capitulation & buy cycles.

Me, I do not care for economics, only reliable technical indicators. It's signalling a buy and this indicator hasn't been wrong yet, I won't be betting against it for that reason.

[Biodom]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners become mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.

TL;DR It is was not switching hashing OFF, it was a replacement cycle.

Not relevant. These signals have been back tested pre-ASIC. I'm sure that any TA based miner would be able to pin point the relevant cycles with releases of different models of miners that end up on the market, or others that drop out of the market for that matter, in relation to these capitulation & buy cycles.

Me, I do not care for economics. Only reliable technical indicators. It's signalling a buy and this indicator hasn't been wrong yet, I won't be betting against it for that reason.

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.
BTW: in the hypothetical surrogate TA observation that temperature is lower in the winter than in the summer (in northern hemisphere) what is more important: the "TA" observation or the knowledge of orbital tilt and planet rotation around the star?

[dragonvslinux]

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.

TA is based on probability, that is based on mathematics, 1s and 0s. The latter has been reliably tested for thousands of years. The former, for only a couple of hundred maybe.
Economics is based on a load suits in a room deciding whey think is best to do with their money, at the detriment of anyone else.
My faith in mathematics is inexplicably higher than any moronic human species based intelligence.
Believe what you want, I know what I'll be putting my money on: 1s and 0s.

[Biodom]

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.

TA is based on probability, that is based on mathematics, 1s and 0s. The latter has been reliably tested for thousands of years. The former, for only a couple of hundred maybe.
Economics is based on a load suits in a room deciding whey think is best to do with their money, at the detriment of anyone else.
My faith in mathematics is inexplicably higher than any moronic human species based intelligence.
Believe what you want, I know what I'll be putting my money on: 1s and 0s.

TA has almost nothing to do with math, it is mostly interpretation of the prior data with Fibonacci numbers thrown in to give it a 'pseudo'-scientific feel.
However, if it works for you due to some 'hidden' parameter that you don't even realize exist, so be it.
Happy trading!

[Lambie Slayer]

So, let's face it: Lambie was wrong this time too. No $5k no 4k or 3k. Not even $6k dammit! He's so proud of himself for "declaring baby bull market" but how many times since then he was wrong predicting bear moves? There has to be some reason a person predicts bear moves every now and then. The guy is smart, I admit. But to me he's just a smarter version of gembitz. Sorry Lambie fans.  

I've only heard him tossing out the number $5k in the last day... did he do so previously? He just said it won't go to $3k. And I've got news for you: this is $6k. This is it. He's been right about calls he made 3-4 months or so ago, which is better than most can say.

Everybody is a smarter version of gembitz. My comb is a smarter version of gembitz. Yeah I guess I'm a Lambie fan. Oh well, I'll have to learn to live with it.

I guess that you had not noticed that he had been calling for a price correction ever since about early May when we crossed over $6k... So, yeah.. sooner or later he is likely to end up being correct, so that merely makes him entertaining, at best, rather than the soothsayer god-like creature that he would like to have doted upon his attention-whoring little noggen.    

I may have mentioned a possible retrace here and there, I dont have time to go through all my posts, but im pretty sure we had already hit 9k at the end of May before I started getting decisively bearish on a medium term time scale. Hell I remember off the top of my head posting about a leveraged long I closed in May in the 7ks so I dug up that post, which you merited by the way.

https://bitcointalk.org/index.php?topic=178336.msg51033899#msg51033899

Not exactly uber bear material after crossing 6k now is it?


The pump from 10k to 14k was certainly a surprise to me, but we all know it didn't last long, and after July 26 once we hit 14k its been a down trend since.

Did we possibly hit the bottom of the trend in the Bargain Boy Buy zone recently. Perhaps, but at the moment I'm leaning against this, although actually hitting the zone does make me a lot less bearish. Id say 35 percent chance that was the end and its all up from here. 65 percent chance the B Boyz come out to play at least one more time imo.

Your insecure vendetta against anyone with an opinion on future price is getting sillier and sillier as time goes by. Nobody buys an asset without having opinions as to where the price will go, so yeah we are all sorcerers around here, get used to it.

Also please explain how posting a billion words a week isn't attention whoring Id like some insights into that logic. All social interaction is attention seeking by nature, in person or online, get used to that too.  

The JJG indicator is still undefeated, the more mad you get at my predictions the more likely Im right, per usual.

[Lambie Slayer]

The Bargain Boyz have kicked off the celebration early with some pints of shandy, happy to have loaded up their F-150s with sub $7k corn.



I suspect we won't hear from them in a while, but who knows what will actually happen? To be continued...

Didn't you hear that they are still waiting to buy, those dweebs.

Someone caught a slow motion video of them this morning, and I don't think that they are faring too well...

They are not really in very good shape.

Incorrect, they are in their prime with excellent blood pressure. Spend less time revenge typing and you should experience some health benefits yourself.  

Remember you are missing the train I caught long ago. To get on that train you need to divest out of your questionable investments and up your percent of investment in King Bitcoin.

Id recommend something respectable as a bare minimum, like 50 percent of net worth devoted to the  King.

Typing walls for 50 percent of your life is a time investment, not a financial one.  

[Biodom]

So, let's face it: Lambie was wrong this time too. No $5k no 4k or 3k. Not even $6k dammit! He's so proud of himself for "declaring baby bull market" but how many times since then he was wrong predicting bear moves? There has to be some reason a person predicts bear moves every now and then. The guy is smart, I admit. But to me he's just a smarter version of gembitz. Sorry Lambie fans.  

I've only heard him tossing out the number $5k in the last day... did he do so previously? He just said it won't go to $3k. And I've got news for you: this is $6k. This is it. He's been right about calls he made 3-4 months or so ago, which is better than most can say.

Everybody is a smarter version of gembitz. My comb is a smarter version of gembitz. Yeah I guess I'm a Lambie fan. Oh well, I'll have to learn to live with it.

I guess that you had not noticed that he had been calling for a price correction ever since about early May when we crossed over $6k... So, yeah.. sooner or later he is likely to end up being correct, so that merely makes him entertaining, at best, rather than the soothsayer god-like creature that he would like to have doted upon his attention-whoring little noggen.    

Id say 35 percent chance that was the end and its all up from here. 65 percent chance the B Boyz come out to play at least one more time imo.

If chances are as you described, then Kelly criterion says: no new bet (yet).

[dragonvslinux]

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.

TA is based on probability, that is based on mathematics, 1s and 0s. The latter has been reliably tested for thousands of years. The former, for only a couple of hundred maybe.
Economics is based on a load suits in a room deciding whey think is best to do with their money, at the detriment of anyone else.
My faith in mathematics is inexplicably higher than any moronic human species based intelligence.
Believe what you want, I know what I'll be putting my money on: 1s and 0s.

TA has almost nothing to do with math, it is mostly interpretation of the prior data with Fibonacci numbers thrown in to give it a 'pseudo'-scientific feel.
However, if it works for you due to some 'hidden' parameter that you don't even realize exist, so be it.
Happy trading!

Technical indicators are exclusively based on mathematics, the source code would tell you this if you bother to read them, but never-mind.

[Lambie Slayer]

I want to take this moment to remember that exactly one year ago we were at around $3.5K and it was a hard blow after all the previous year unfulfilled dreams.

During 2019, it seems we have bottomed and doubled that.

What I mean is...



HAPPY XMAS TO ALL OF YOU WO BROTHELS



#nohomo #wosign #dyor

If you are proposing WO members get together and open brothels after 100k is reached then Id like to hear more about this business concept please.  

[LFC_Bitcoin]

I want to take this moment to remember that exactly one year ago we were at around $3.5K and it was a hard blow after all the previous year unfulfilled dreams.

During 2019, it seems we have bottomed and doubled that.

What I mean is...



HAPPY XMAS TO ALL OF YOU WO BROTHELS



#nohomo #wosign #dyor

If you are proposing WO members get together and open brothels after 100k is reached then Id like to hear more about this business concept please.  

I wouldn’t mind managing some of the highest class escorts in the world. Payment received in bitcoin only though.
We can recruit loads of those instagram thot’s & start a global movement. $5,000 in bitcoin per girl, per day.
Ultimate discretion for celebrity clients.

[Lambie Slayer]

I want to take this moment to remember that exactly one year ago we were at around $3.5K and it was a hard blow after all the previous year unfulfilled dreams.

During 2019, it seems we have bottomed and doubled that.

What I mean is...



HAPPY XMAS TO ALL OF YOU WO BROTHELS



#nohomo #wosign #dyor

If you are proposing WO members get together and open brothels after 100k is reached then Id like to hear more about this business concept please.  

I wouldn’t mind managing some of the highest class escorts in the world. Payment received in bitcoin only though.
We can recruit loads of those instagram thot’s & start a global movement. $5,000 in bitcoin per girl, per day.
Ultimate discretion for celebrity clients.

via Imgflip Meme Generator

I like your line of thinking about starting a global movement.

I was having a conversation with a buddy recently and we got to talking about peoples jobs being automated away over time.

It occurred to me and I made a prediction to him that the number one job field for women would be sex worker(stippers, whores, porn stars, cam models, happy ending massages, bikini baristas, breastaraunt waitresses, naked sushi girls, go go dancers, etc) in 20 years.

Think about it.... Service industry jobs have already made tons of gains as automation has cut into other types of jobs.

Men due to our larger brain size make the most money and spend the most money and the service we like most is typically sex.

Porn has always been the most searched term on the web.

Women are already spending more and more time on looking and acting slutty than ever before, so its just a matter of time before they all want to monetize their looks and the largest company in the world is one that figures out how to get a multi trillion dollar market cap valuation monetizing the sex worker industry.

[Biodom]

via Imgflip Meme Generator

I like your line of thinking about starting a global movement.

I was having a conversation with a buddy recently and we got to talking about peoples jobs being automated away over time.

It occurred to me and I made a prediction to him that the number one job field for women would be sex worker(stippers, whores, porn stars, cam models, happy ending massages, bikini baristas, breastaraunt waitresses, naked sushi girls, go go dancers, etc) in 20 years.

Think about it.... Service industry jobs have already made tons of gains as automation has cut into other types of jobs.

Men due to our larger brain size make the most money and spend the most money and the service we like most is typically sex.

Porn has always been the most searched term on the web.

Women are already spending more and more time on looking and acting slutty than ever before, so its just a matter of time before they all want to monetize their looks and the largest company in the world is one that figures out how to get a multi trillion dollar market cap valuation monetizing the sex worker industry.

Brain size is a louzy param.
Whale has brain size that is 5x human
elephant has brain size that is 3X human.
I doubt that these species are more intelligent.
male/female brain size difference of about 10% roughly corresponds to the difference in body size/weight.

That said, I also noticed the overall increase in "sluttiness" lately (including leggings, etc.), but thought that it is due to increased competition mostly attributed to social networks (Tinder, etc).

[JayJuanGee]

So, let's face it: Lambie was wrong this time too. No $5k no 4k or 3k. Not even $6k dammit! He's so proud of himself for "declaring baby bull market" but how many times since then he was wrong predicting bear moves? There has to be some reason a person predicts bear moves every now and then. The guy is smart, I admit. But to me he's just a smarter version of gembitz. Sorry Lambie fans.  

I've only heard him tossing out the number $5k in the last day... did he do so previously? He just said it won't go to $3k. And I've got news for you: this is $6k. This is it. He's been right about calls he made 3-4 months or so ago, which is better than most can say.

Everybody is a smarter version of gembitz. My comb is a smarter version of gembitz. Yeah I guess I'm a Lambie fan. Oh well, I'll have to learn to live with it.

I guess that you had not noticed that he had been calling for a price correction ever since about early May when we crossed over $6k... So, yeah.. sooner or later he is likely to end up being correct, so that merely makes him entertaining, at best, rather than the soothsayer god-like creature that he would like to have doted upon his attention-whoring little noggen.    

I may have mentioned a possible retrace here and there, I dont have time to go through all my posts,

 Correct.  No one's got time for dat.

but im pretty sure we had already hit 9k at the end of May before I started getting decisively bearish on a medium term time scale.

Maybe yes.  Maybe no.  Probably no.

Hell I remember off the top of my head naysaying noggen

FTFY   hahahahahahha   

posting about a leveraged long I closed in May in the 7ks so I dug up that post, which you merited by the way.

https://bitcointalk.org/index.php?topic=178336.msg51033899#msg51033899

Not exactly uber bear material after crossing 6k now is it?

Oh my!!!   Aren't you the clairvoyant one?

The pump from 10k to 14k was certainly a surprise to me,

Oh, at least you are finally admitting something.

Seems to me that you were surprised from $6k on, which would have been a bit more normal, but hey, what wannabe soothsayer would like to be "normal"?  Surely not lambie bambie.   

but we all know it didn't last long, and after July 26 once we hit 14k its been a down trend since.

Fair enough.. mostly down, except for our month of up starting from October 25, and our other earlier UP in early August.

Did we possibly hit the bottom of the trend in the Bargain Boy Buy zone recently. Perhaps, but at the moment I'm leaning against this, although actually hitting the zone does make me a lot less bearish. Id say 35 percent chance that was the end and its all up from here. 65 percent chance the B Boyz come out to play at least one more time imo.

Could be.  Those are a bit high odds for down, but hey hopefully no one is betting the farm on that... and surely those kinds of odds are a bit more reasonable than some of your previous nonsense assertions.

Your insecure vendetta against anyone with an opinion on future price is getting sillier and sillier as time goes by.

I mostly attack cock-suredness rather than reasonable... or seemingly soothsayer wannabes.  I surely have nothing against BTC price predictions, even ones that are about the future, which surely are more difficult than the ones about the past.   

Nobody buys an asset without having opinions as to where the price will go,

Never say never, and never say nobody.    A maxim worth considering.

so yeah we are all sorcerers around here, get used to it.

Who died and put you in charge? 

Also please explain how posting a billion words a week isn't attention whoring

I am supposed to explain myself to you, too?

Get a grip, Lambie... you seem to be losing it.

Where's all the fun and games?  Where's the cute little bargain boyz pics?  Or other variations of creative funzies?  These are the interwebs, are they not?

Id like some insights into that logic.

Maybe you need a moment of silence to yourself in order that you can ponder for a bit?

All social interaction is attention seeking by nature, in person or online, get used to that too.  

You have all kinds of advices that you want to give these days.  Anything else?  Don't eat yellow snow is usually a good one for this time of the year.   

The JJG indicator is still undefeated, the more mad you get at my predictions the more likely Im right, per usual.

The only one, lambie bambie, that seems to be mad is the one that you see in the mirror, to the extent that you have enough courage for looking in that direction.

[JayJuanGee]

about an alt: people are finally waking up to a basic betrayal of trust...

https://www.trustnodes.com/2019/12/27/the-mystery-of-12-million-eth

Yet so much remains unknown. Was there a contract? Between who? What were the terms? What were the conditions? Has this contract been breached?

By the letter of it, perhaps not, but in the court of public opinion it certainly has been breached, for that payment was based on the promise of a completed roadmap to Serenity, a promise implicitly or explicitly made by all of them.

They got so much, and instead of exercising their knowledge, even their talent, and perhaps more importantly instead of educating the new generation to pass on skills, they spoil themselves.

what a clusterf--k, but with us pushing 70% in dominance, would not add much.

I agree that the whole ethereum situation is a mess, and we can even argue that some of the price performance matters of ethereum have become more related to bitcoin because they have recently been trying to take over some of the "sound money" talking points.  The ethereum pumpeners don't know what the fuck they should be marketing because they don't even know what ethereum is.

Shenanigans or not?  Trust should be lost in ethereum or not?

Should founders have obligations to stay invested in Ethereum?  Good for some BIG money(ies) to be cashing out of ethereum right before supposed transition from ETH 1.0 to ETH 2.0... . that is likely going to be a BIG ASS clusterfuck, also?

In the last month, Ethereum has held its price fairly well.  As I type and take a snapshot at the Ethereum price on the month and compare Ethereum to Bitcoin, ETH has only gone down about 17.5% and bitcoin has gone down about 4%. 

That is not a BIG difference, so far.  We could play around with some other timelines, too in order to make comparisons and try to figure out whether ETH is a better value right now, or is it going to just continue to go down, relative to bitcoin?  How about relative to the dollar?  ETH should be able to beat that, no?  I did a quick look (for ETH relative to the dollar), and there seem to be a lot of troubles there, too.. no matter what timeline, shorter than a few years. 

Of course, many of us who are active in this thread have continuously asserted our thoughts that ETH was overvalued, no matter what price, but there were times in which we would have been wrong quite a bit about that, too. 

Even with these further dips of ETH's price, these might not be good times for ETH into the near future, either, and who should be kicking a pump and dump coin when it seems to be down?  But what to do?  What to do?  I am thinking that some of the ethereum pumpeners deserve a decent amount of kicking, even if they are down, especially when ethereum is frequently trying to tout itself as like bitcoin or better than bitcoin, even in recent times.. but still there are problems with transparency and these silly-ass pre-mine situations and seeming cashing out of ETH holders that are described in the above linked article seem to be ETH shenanigans that are related to the funds of the founders...and surely the purported flippening is going to be delayed, right?

[El duderino_]

Pffffff streak of wall of text in progress 

I will just settle for a possible weekend pump