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

[hodl_2015]

Most of you are legends, ...

Legendary status correlates to making many posts, so legends are more visible which skews your observation :-)
But not everyone has time to make that many posts and this place treats new and old readers equally for the most part. Even if you post really dumb shit you will need to be very persistent before getting put on ignore. Have fun!

[dragonvslinux]

Decided as of Monday I'll be bearish 



New target: $5,600, until proven otherwise. Fits with the bear channel we're in that everyone else has already identified.
Going to put my short-term bear cap back on folks.

[Ibian]

Most of you are legends, I don't know if I fit very well here, I feel a little weird among so many veterans, being such a rookie disappoints a little.   
Will I ever get over this feeling?

Doesn't mean anything. This is just a giant trollbox.

[makrospex]

Enjoy it now, guy    it took me more than 15 minutes to remember the site he was using and a little more time to remember where to install it. I'm worried about my damn memory, I seem amnesiac 

I can help.
Two quick tests:

Test 1:

1. Let a person/friend (A) write down ten random words, one per line, two syllables per word.
2. Let A read them out to you, with a pause of a second between each word.
3. Repeat all words you remember, let A mark them in a separate column.
4. A repeats step 2, but begins with the words you remembered (marked in step 3).
5. Repeat step 3.
6. Repeat step 4.
7. Repeat step 3.

So it's three times reading and marking in separate columns.
Which column has the highest number of marks? How many in the last column?

Test 2:
Let somebody (A) choose a number between 101 and 110. Then let A substract 3 about 20 times and write down the results (you don't see them) in a column, one number per line.
Like:
105
102
 99
 96
 93
 90
 87
 ...

... and so on.
Now you start from the chosen number and substract three, also up to twenty times.
Note down:
How hard did you do with that? (subjectively)
How long did it take?
Did you become faster/better or slower/worse?
How many errors you were aware of? (corrected after your first call)
How many errors you were not aware of?

The results of the two tests will give you an overview of your working memory performance.
Working memory handles the exchange of data between long- and short-time memory, as well as acting as a buffer for memory operations like calculating and processing visual or auditive "input" (observing, listening).

When your mind is just not trained well, play memory (the game) and/or write down some telephone calls you just had, as stories.

Repeat the two tests after a week. Test again using the two procedures i described above.
If you get better every week (3-5 weeks), fine. Good news, your mind is just not challenged enough. You also learned to self-help.
If you don't get better results over time, you need professional help. Your memory impairments should be tested in detail, for further action through a good doc or therapist.

I suffer from memory problems, some of them like you described, and i have undergone many different tests and i learned how to interpret the results over time.

[Searing]

Most of you are legends, I don't know if I fit very well here, I feel a little weird among so many veterans, being such a rookie disappoints a little.  
Will I ever get over this feeling?

We were all noobs once. In 5-6 years time you’ll be able to respond to a noob like I am now.
Buy whatever you can afford to regularly a HODL (hold on to your coins).

Patience = Winning in the bitcoin world.

The Kool-Aid drinking 2013 'noob' I once was, still lingers...

I still make too many Kool-Aid drinking "this will all work out" noob missteps.

The 'addiction' to 'optimism' never seems to fade on crypto/projects/mining/hope'm, etc.

"I may not be as much of a noob as I once was, but once in a while, I am as big a noob as I ever was!"



Brad

[El duderino_]

Friday night, observing $8,070

This is how OG HODLERS roll.....

LOL! 

Man, I knew we had something in common - here´s how we Greeks roll! 

via Imgflip Meme Generator

This is how we boating people did roll this evening.....

Night, dead tired AF!!!!

[jojo69]

just now found out Neil Peart died...



fuck

[Icygreen]

just now found out Neil Peart died...



fuck

Damn, they just don't last long in this industry, except Mick Jagger for some reason.
Fame and fortune favor few. RIP

Daily candle just closed at $8200, Did not see that coming.

[kurious]

just now found out Neil Peart died...

fuck

I loved Rush when I was a teenager (in spite of Neil's dubious lyrics for Geddy) - actually went to see them live once Moving Pictures tour - Neil had the biggest gong ever in a kit that had so many pieces it was ridiculous.  Bless 'em.  Permanent Waves, 2012...

RIP, or maybe rest in a perfectly tuned snare drum...

[LUCKMCFLY]

The high correlation of Bitcoin and Gold makes many optimistic ..

Kang admits here that it’s possible that the rise and fall in response to the conflict was probably triggered by speculators. However, regardless of that possibility, Kang says that people have a stronger “belief in BTC as a hedge to global uncertainty, leading to more people trading BTC on macro events.”

Via twitter: https://twitter.com/Rewkang/status/1214983190881787905?s=20

Source: https://paulcrypto.com/2020/01/10/how-bitcoins-high-correlation-to-gold-and-other-sovs-is-strangely-bullish-for-btc/

It may prove to be an advantage to have at least a correlation with gold and that Bitcoin has a low correlation with other Stock Market actions ...

[kurious]

Bitcoin is not gold - it's totally different.  More portable, more covenient... I could go on...

To be put in a box and degraded to a simple digital version of an old-fashioned asset is degarding.

Bitcoin FTW. End of.  

New paradign, world resesrve currency - or bust.

Mesdames et messieurs: Faites vos jeux?

Disclosure: I have no investmets in gold.

[efialtis]

Bitcoin is not gold - it's totally different.  More portable, more covenient... I could go on...

To be put in a box and degraded to a simple digital version of an old-fashioned asset is degarding.

Bitcoin FTW. End of.  

New paradign, world resesrve currency - or bust.

Mesdames et messieurs: Faites vos jeux?

Disclosure: I have no investmets in gold.

Rien ne va plus! 

[bitserve]

Decided as of Monday I'll be bearish 



New target: $5,600, until proven otherwise. Fits with the bear channel we're in that everyone else has already identified.
Going to put my short-term bear cap back on folks.

Mmmhhh, what has changed your mood about it? That channel was already there. The only news of the past few days is that after the pump to 8.4K it retraced to retest 7.8K as expected and bounced back nicely. Next step could be some sideways and maybe then breaking upwards outside the channel.

I mean, it could also go back down as you say, but TA (if that's what you prefer) hasn't changed and price dynamics have been very positive lately.

$5.6K looks bearish AF at this time but hey, everything is possible.

[JayJuanGee]

Decided as of Monday I'll be bearish  



New target: $5,600, until proven otherwise. Fits with the bear channel we're in that everyone else has already identified.
Going to put my short-term bear cap back on folks.

Mmmhhh, what has changed your mood about it? That channel was already there. The only news of the past few days is that after the pump to 8.4K it retraced to retest 7.8K as expected and bounced back nicely. Next step could be some sideways and maybe then breaking upwards outside the channel.

I mean, it could also go back down as you say, but TA (if that's what you prefer) hasn't changed and price dynamics have been very positive lately.

$5.6K looks bearish AF at this time but hey, everything is possible.

Sometimes placing an order (or a short) can change an otherwise seemingly reasonable person's perspective, even though the facts may not have changed as much as the fact as their book has changed.   Hahahahahahaha  ..

TLDR:  pre-emptive "sorry for your loss dragonvslinux" (ditto whiteboy420).(not really). shouldn't be shorting king daddy in a likely bull market.  

[smartcomet]

https://twitter.com/RiverFinancial/status/1215678437265833984

Today we honor Hal Finney, a true cypherpunk.
We honor his optimism.
We honor his bravery.
We honor his humility.
We honor his love for programming.

Read more about his journey into #Bitcoin and his final days in his post "Bitcoin and Me(Hal Finney)."
https://bitcointalk.org/index.php?topic=155054.0

[Hyperjacked]

Decided as of Monday I'll be bearish 



New target: $5,600, until proven otherwise. Fits with the bear channel we're in that everyone else has already identified.
Going to put my short-term bear cap back on folks.

Boom boom boom n a zoom zoom...

[bitserve]

Sometimes placing an order (or a short) can change an otherwise seemingly reasonable person's perspective, even though the facts may not have changed as much as the fact as their book has changed.   Hahahahahahaha  ..

Maybe... but then again, BEFORE deciding to put a short you obviously had already changed perspective, dontchathink?

So, in a way, talking your book should be, in most cases, the same as saying YOUR truth.

(Except for people purposedly trying to deceive others for obscure reasons, which is not the case here).

[bitserve]

Small update on my Bitcoin ATM "Observer":

Current installed base has almost reached 6500. Current rate daily installations is again at peak rate of more than 10 each day. There is some reasonable probability that we could end this year not far of the amazing amount of 10000 Bitcoin ATM's worldwide.


 

[JimboToronto]

Good evening Bitcoinland from my air-conditioned hotel room in Playa del Carmen.

So far so good. I got in here yesterday and the price was about $7.8k and now it`s up over $8.2k... currently $8232USD $10743CAD (Bitcoinaverage).

Hopefully we can put that crap to rest about my travels south somehow causing the price to fall. It was getting annoying.

[JayJuanGee]

Sometimes placing an order (or a short) can change an otherwise seemingly reasonable person's perspective, even though the facts may not have changed as much as the fact as their book has changed.   Hahahahahahaha  ..

Maybe... but then again, BEFORE deciding to put a short you obviously had already changed perspective, dontchathink?

So, in a way, talking your book should be, in most cases, the same as saying YOUR truth.

(Except for people purposedly trying to deceive others for obscure reasons, which is not the case here).

Fair enough.   I am likely exaggerating a bit regarding the book-talking.. and surely, none of us really know which way the BTC price is going to go in the short term.. and whether there really needs to be further down, such as below $6,424 or even as low as the $5,600 that dragonvslinux is targeting, and there would likely be only slight marginal benefits to changing the opinions of others within forums like this... I would presume... but hey, maybe this thread is MOAR powerful than I would have previously thought?
 
Surely, I would, personally prefer up (or at least NO further downs below our local low of $6,424), and I get a bit bothered by the "down before up" proclamations that frequently come off as more certain than they deserve because I have witnessed those proclamations being wrong so many times in bitcoin's historical price performance circumstances that seemed to have been very similar to this.  We can only get so much down... or squeeze so much juice out of this lemon...

In other words, continuing to expect a decent amount more down, when there has already been quite a bit of down, seems more like wishful thinking rather than anything that might be beyond 50/50 odds.. or maybe if there is some luck, the odds of further down could be 60/40.... but they are no way near the level of certainty that seems to be expressed in the way that dragonvslinux typed out his proclamation... so I suppose I am making fun of those seeming certainties in the proclamations... while wishing for the gratuitous opposite of REKKT bearshorts.