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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25436561 times)
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wachtwoord
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January 02, 2020, 12:56:36 AM

He, for some reason *cough*, DOES seem to understand what Bitcoin is.  

Haha, I wonder why  Cheesy  Wink
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LUCKMCFLY
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January 02, 2020, 01:55:09 AM
Merited by JayJuanGee (1)

Interesting article on: Bitcoin’s natural long-term power-law corridor of growth

Quote
The model predicts that the price will move between the red support line and the blue top line. The purple robust fit / RANSAC line defines the center of the “normal mode”. The two past halvings as well as estimated future halvings have been marked with black vertical lines.



One of the interpretations:

Quote
A price of about $150 000 at the beginning of 2022, which is the next and fourth four-year period.
A price that is lower than $150 000 until mid-2028, which is in the sixth four-year period.


Source: https://medium.com/coinmonks/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94
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January 02, 2020, 02:39:22 AM

Prediction:  After CSW goes down in flames Daniel Krawitz will step up as the high priest of BSV.

https://www.reddit.com/r/bsv/comments/eipakj/now_that_csw_is_just_a_sad_old_nocoiner_a_new/
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January 02, 2020, 03:46:30 AM
Merited by JayJuanGee (1), El duderino_ (1)

any coin with a "leader" is doomed from the get go

what a bunch of tards
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January 02, 2020, 03:55:03 AM



Does it mean "justice requires weapons"?  If so, it should be "armas".
jojo69
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1/21000000 , the only math you need to know


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January 02, 2020, 04:01:25 AM

what fuckery is this?
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January 02, 2020, 04:03:00 AM
Merited by JayJuanGee (1)

Maybe Bargain Boyz wishing for New Year shopping?
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January 02, 2020, 04:57:09 AM



Does it mean "justice requires weapons"?  If so, it should be "armas".

 I don't think arma is a first declension noun.  I'm pretty sure it would follow the same declension (2nd) as bellum in the plural form (one of the only declensions I remember well from high school Latin)
The accusative pl. would be 'bella'.  I'm pretty sure the motto is fine the way it is.  I mean if I was a betting man...  Wink



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Justitia arma requirit


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January 02, 2020, 05:00:20 AM



Does it mean "justice requires weapons"?  If so, it should be "armas".

It has been checked with a professor in latin at the university of Lund.
So I'm pretty sure it's correct.

EDIT: Yes it means "justice requires arms".

EDIT again: I'm starting to second guess my English, should it be "checked by a professor?
Is it "professor of latin?
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January 02, 2020, 05:02:39 AM

Wake up, Lauda.  I think I got something to say to you.  It's early 2020 and digital scamcoins are no longer cool.  You dumped scamcoins all over the place.  Now millions of young Indian boys wish they never saw your face (and other things).  Oh, Lauda, can you stop trying to scam the entire country of India anymore?
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January 02, 2020, 05:04:02 AM

^Fancy yourself as Rod Steward today?  Roll Eyes
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January 02, 2020, 05:52:34 AM

$BTC

I'm pretty sure we're gonna bounce big time in the next 3-6 months.

via Imgflip Meme Generator

https://twitter.com/cryptodonalt/status/1212194776021446656?s=21

Could live with a big move Smiley

That tweet is interesting in a couple of regards.

1) The chart depicts quarterly candles, and when I go to Tradingview.com, I can only get the charts therein to show a maximum of monthly candles, so those quarterly candles might be a feature that paid members get (I'm not a paid member, there).  Anyone know?

2)  The substantive assertion itself ("I'm pretty sure we're gonna bounce big time in the next 3-6 months") is saying something that seems to be fairly obvious, with the halvening coming in about 5 months.  

But, no outcome is any kind of actual "given" in bitcoin, even if such asserted outcome seems to have decent odds of happening.  

What kinds of odds would WO peeps give to this bounce assertion?   Greater than 50/50 odds?

What is "big time?"  Greater than $10k or greater than $13,880? Or greater than $19,666?  

I am thinking that a bounce of greater than $13,880 would be pretty BIG time, if it were to happen in the next 3-6 months?  Anyone differ in their thinking about what is a BIG bounce in our current BTC price dynamics framework?
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January 02, 2020, 06:05:56 AM

<<wallotext>>

Happitty New Years, WordyMan. And all you other louts, too.
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January 02, 2020, 06:17:05 AM

Thank God the Jewish Bolsheviks are attempting to turn this war hot now by trying to bypass posse comitatus with 3rd world Paki and Nigerian UN troops.  This will probably be the greatest military defeat ever in world history and we'll be free of Jewish Bolsheviks for good afterwards.  It's also hard to imagine Trump isn't in on this scheme as well, otherwise the people organizing this would have been locked up before it even hit the pages of Zerohedge.  And Jew scum like George Soros would not be roaming around alive masterminding Kalergi plan and UN invasion plots like this every day for YEARS after him taking power.

https://www.zerohedge.com/political/why-un-hiring-english-speaking-disarmament-officers-new-york
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January 02, 2020, 06:21:15 AM



Does it mean "justice requires weapons"?  If so, it should be "armas".

It has been checked with a professor in latin at the university of Lund.
So I'm pretty sure it's correct.

EDIT: Yes it means "justice requires arms".

EDIT again: I'm starting to second guess my English, should it be "checked by a professor?
Is it "professor of latin?

By a professor in Latin sounds correct.
I'll get back to you for the latin part.

#

Wake up, Lauda.  ~

Hey r0achie, have you ever got down on a woman, or is it "Zed's dead baby" all the way?
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1/21000000 , the only math you need to know


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January 02, 2020, 06:28:08 AM

fucking computers man
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January 02, 2020, 06:37:54 AM
Last edit: January 02, 2020, 09:20:43 AM by fillippone



Does it mean "justice requires weapons"?  If so, it should be "armas".

It has been checked with a professor in latin at the university of Lund.
So I'm pretty sure it's correct.

EDIT: Yes it means "justice requires arms".

EDIT again: I'm starting to second guess my English, should it be "checked by a professor?
Is it "professor of latin?

Arma, armorum.
It’s neutral, second declension (new English word for me), pluralia tantum (only plural form)
So yes, accusative is “arma”.
I think it is correct.

Source: myself, being forced to study this shit for 5 years.

Checked with or checked by?
If you have the sentence to the professor and he checked the thing it was checked “by” bit of you did check yourself, though it was correct and gave this sentence to a professor explaining why you think it is correct, then it is checked with.
JayJuanGee
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January 02, 2020, 06:51:03 AM

WHEN MOON?




Inside The Cryptocurrency Revolution | VICE on HBO

^^ "Feeble Americans."  Grin Grin

Difficult to find that 14-minute clip interesting or even relevant when it seems to be largely about Ethereum.

In other words, seems that I just wasted 14-minutes of my life, to the extent that I might not have been attempting to multi-task.

I really think this is a very informative video.

I understand your feeling of wasted life.  But there are some things it brings to light that are powerful:

- Humans naturally NEED a leader.  A decentralized system is foreign to our natures.  We have been wired to seek out trusted parties.  Buterin is the story here.  They like that he is a genius. They like that he says magic things.  And they like gawking at his autism.

- This is still "early times"!  Still!  Unless Ethereum fails under it's own weight we are going to have to see wave after wave fall for it's impossible promises (And, yeah I know there are some ETH folks in here.. and maybe all of us have our pet alt (aside from JJG) mine is XMR).  But it is not done yet in my opinion.

I agree with most things that you said, so far, cAPSLOCK, but I have a couple of concerns about your last paragraph.

1) You are overstating the case, if you suggest that everyone in this thread, except me have pet alts.   There are more than just me who consider alts a BIG ASS waste of time, and even act upon our convictions.  Sure, I hold a few shitcoins, but I hardly give them any attention, besides just holding them and watching them depreciate, relative to bitcoin.

2) I have stated on many occasions, and my opinion has not really changed, that I believe that the odds are pretty damned high that there is going to be some kind of alt season, again.  The mere fact that there are a lot of dumb people, and the mere fact that there is going to be a lot of pumpening of various coins for a decently long time into the future does not necessarily justify getting into those projects, especially for folks who kind of agree with the 10 year going into a coma investment plan.. so if you go into a coma for 10 years, what would you want to hold when you come out of the coma... that is kind of my investment perspective, and I am sure that quite a few others believe in a similar kind of investment plan because I did not come up with such plan myself... maybe it is a variation of a Warren Buffet-ism?  Anyhow,  I heard quite a few other experienced investors assert their conviction about such an investment/plan strategy, and I became convinced to adopt such plan/strategy for myself and therefore to make it my own as a kind of stolen property..., hahahahaha.. but it is mine, too.  NOT innovative or novel.... just like DCA'ing and incrementalism are not innovative or novel, but they are practices that I have made to be my own and largely advocate for the soundness of such approaches..  Open source practices/strategies, anyone else can adopt them, advocate for them and even denigrate others for NOT following them, if they so chose.   Cheesy Cheesy Cheesy Cheesy

- Bitcoin is still too new an idea (to the mainstream) to be sexy yet.

Huh?  Bitcoin is the oldest of the cryptos.....

A problem for "mainstream" is that they buy the bullshit propaganda talking points regarding pumpementals of shitcoins... and a lot of what that entails, even when they say that they don't believe those bullshit pumpemental talking points, they subliminally end up overallocating into crap.. when likely the shitcoins should compose less than 10% of their playing around crypto -related funds...    It is currently less than 1% of mine, and I believe at one time not that long ago, it had been close to 2%, but the less than 1% had come about because the 2% depreciated to less than 1%... and I say to myself.. so fucking what... I just leave that crap there and hardly look at it.. maybe it will end up getting stolen from me, and I am not sure if I would miss it... except maybe it would have been nice to have spent it, but whatever, I don't really care that much because king daddy still seems to have a decent amount of potential to make up for whatever that small portion of my portfolio happens to do or not do.

- Millennials are gonna like VB. He is a millennial.  And his ethos is  more in line with the left/socialist hyper postmodern millennial worldview.  For example his hatred of POW which is based on Greta Thunberg type thinking but also reveals an AMAZING lack of understanding the basic laws of the universe and the miracle of "unforgable costliness" that BTC achieves directly because of POW.

I don't even think millennials are that dumb.  Yeah, we hear that crap a lot, but give me a break.  They gotta have some brains, don't they.  I am not going to buy it that millennials are that dumb.


You just can't tell a story if you don't understand it.  And Vice does not understand what Bitcoin is.  It's not many people yet who do.  

I will give you that part about the story and all the bullshit that goes along with a silly personalized story of the rock star of crypto.. (vitalik), but still... you really think that people believe that bullshit, overall, when the are confronted with real world concepts of sound money?, even if the story and the bullshit nonsense is presented well as a story, like you say? 

That is why it only costs 7k.  If more understood it would be much costlier.

I don't know about that "only" baloney.  We are still floating around 28x of what we were in most of 2015.  How much do you want?  How can you be complaining about $7k as being "only"?  Rome was not built in a day, and neither will be bitcoin.  Fuck.  Yeah, there is considerable potential to go way higher in price, and also likelihood to go there, but there has got to be UPs and DOWNs along the way, too.  I don't really see any problem regarding where we are at currently or that we are really behind schedule.  If anything we might even be a bit ahead of schedule.. but whatever, I will take whatever we got, and it seems we have decent likelihood of having another 10x to 30x from here in the next 12 to 24 months... Yeah, there are certainly no givens, but decently good likelihoods, and no need to complain about $7k currently or even if the BTC price drags out at $7k for the next year or two, also... we are still in a decently good place, seems to me.


 I am glad Nick Szabo is kind of coming out of the shadows more recently.  He, for some reason *cough*, DOES seem to understand what Bitcoin is.  

I know that he wants to keep secret that he is satoshi, but hey what you gonna do?  It is what it is.

I'd love to see him talk more about it... I don't know about being in a Vice documentary... but something.

He does interview once in a while, you are right... but they are pretty far and few in between.. but in the end, who cares what Szabo says or what satoshi says.. it does not matter.  Bitcoin has achieved its objective, largely, and it works.. and it is not broken, and it even has some decent developments on lightning and even possible on chain stuff... so why would we need any leader?  We have lots of leaders in bitcoin and a lot of smart people doing podcasts in the past couple of years that have not even been in the space very long, but they are putting out very damned good content.  Do you need a list of good podcasts?  There is not even enough time in the day to listen to all of the good content related to bitcoin and bitcoin maximalism, which is just likely to become more and more prolific in the coming years, especially if the stock to flow and  4-year fractal pattern models end up playing out, which seem really likely.


Speaking of which... maybe you can clean out your brain from that piece by consuming this:
https://www.whatbitcoindid.com/podcast/nick-szabo-on-cypherpunks-money-and-bitcoin

Been there.. Done that.  I saw it within a week or so of it coming out ( so would have been early to mid November)... I recall that i posted something about it, too.... because I was kind of complaining that WBD did not post onto the let's talk bitcoin network for a week or so after the podcast had already released and I listen to WBD through that LTB network.

By the way, my brain is not going to get any cleaner.  I doubt it.. .so stop with your lecturing attempts and trying to suggest that there is something less good about my brain than your own, or whatever it is you are attempting to accomplish with that nonsensical assertion.
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January 02, 2020, 07:00:49 AM

fucking computers man

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January 02, 2020, 07:04:58 AM

Interesting article on: Bitcoin’s natural long-term power-law corridor of growth

Quote
The model predicts that the price will move between the red support line and the blue top line. The purple robust fit / RANSAC line defines the center of the “normal mode”. The two past halvings as well as estimated future halvings have been marked with black vertical lines.



One of the interpretations:

Quote
A price of about $150 000 at the beginning of 2022, which is the next and fourth four-year period.
A price that is lower than $150 000 until mid-2028, which is in the sixth four-year period.


Source: https://medium.com/coinmonks/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94



Actually, even though it seems that we may have already seen that article and that graph in September when the article came out, but it looks like there are possibilities that LFC could lose his bet... (that is new ATH is not reached before 2022) and BTC prices would still be within the
BTC price prediction power corridor.  Interesting... Interesting.
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