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Question: Did we reach the bottom already?
Yes - 60 (50%)
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No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25891943 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. (170 posts by 5 users with 9 merit deleted.)
Hyperjacked
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January 11, 2020, 01:23:52 AM

Decided as of Monday I'll be bearish  Grin



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...
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bitserve
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January 11, 2020, 01:37:11 AM


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).
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January 11, 2020, 01:47:24 AM

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.


 
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January 11, 2020, 01:49:14 AM
Merited by JayJuanGee (1)

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.

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January 11, 2020, 01:58:43 AM


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.
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January 11, 2020, 03:38:28 AM

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.

Countertrend. Now every time you travel south, the price must go up. You know what you must do.
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January 11, 2020, 04:03:27 AM
Merited by El duderino_ (2), bitserve (1)

We are tracking nicely if a touch high.  All within the margin of error. 

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January 11, 2020, 04:13:56 AM
Merited by OROBTC (1)

Seeing some news I have now come across this: "Expert says gold and bitcoin prices are not correlated", which emphasize the Non-Correlation of gold and Bitcoin, in my previous post they give some arguments to believe that yes, it is really curious to run into With two types of thoughts. In this article: Expert says gold and bitcoin prices are not correlated

Quote
“On standard economic and financial measures, gold and bitcoin are at opposite ends of the spectrum — gold is historically a safe haven while bitcoin is a risky asset. Gold is a physical asset that will be valued for decades to come (and been a reserve of value for centuries) while bitcoin is a string of numbers on the computer that may change overnight, ”Cartwright told Decrypt.

What is certain is that when there were those war drums Bitcoin behaved as a refuge of value, even if temporarily but it did.

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

Quote
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 ...
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January 11, 2020, 04:29:20 AM

Seeing some news I have now come across this: "Expert says gold and bitcoin prices are not correlated", which emphasize the Non-Correlation of gold and Bitcoin, in my previous post they give some arguments to believe that yes, it is really curious to run into With two types of thoughts. In this article: Expert says gold and bitcoin prices are not correlated

Quote
“On standard economic and financial measures, gold and bitcoin are at opposite ends of the spectrum — gold is historically a safe haven while bitcoin is a risky asset. Gold is a physical asset that will be valued for decades to come (and been a reserve of value for centuries) while bitcoin is a string of numbers on the computer that may change overnight, ”Cartwright told Decrypt.

What is certain is that when there were those war drums Bitcoin behaved as a refuge of value, even if temporarily but it did.

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

Quote
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 ...


If I were to guess, I would think that BTC and Au have a small but real positive correlation.  Someone with more skills and data than I have should do a good study on that.  Certainly in times of real geopolitical trouble one would expect both to go up in price as both are refuges from the financial system.

Until that time, I will HODL both BTC and gold.   Smiley
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January 11, 2020, 06:08:07 AM

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.

Countertrend. Now every time you travel south, the price must go up. You know what you must do.

Sorry Jimbo you gotta got Antarctica now, yah know take one for the team. Cheesy
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January 11, 2020, 06:16:47 AM
Merited by xhomerx10 (1)

On the bad side I just found out Neil Peart is dead. There goes my hero.
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January 11, 2020, 06:31:33 AM
Merited by El duderino_ (7), vapourminer (1), Icygreen (1)

Most of you are legends, ...
Legendary status correlates to making many posts [...]

Nowadays, yes. While collecting merits. But there are members that got legendary for mostly just being around a lot, pre-merit era. Although I believe the merits are serving their purpose for more quality posts, the most wordy are not almost contributing the most.

Believe lurking should be rewarded as well. Would like to be able to hand out more merits to quality posts, while not being an active poster myself.
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January 11, 2020, 06:32:36 AM



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Miner's Energy Ratio. Use a ratio between market cap and the Cambridge Bitcoin Electricity Consumption Index.
Green zone is macro bullish; lowest profitability region for miners.
Synonymous with macro accumulation bottoms.

https://twitter.com/woonomic/status/1215803022485274626
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January 11, 2020, 06:36:31 AM

W
T
F
?
!

https://edition.cnn.com/middleeast/live-news/iran-plane-crash-investigation/index.html

They just go ahead and spin a conspiracy theory to justify future attacks and sanctions on iran now?
Same shit, different nation.
#smellslikeweaponsofmassdesctructioninirak

 Undecided Undecided Undecided Undecided Undecided Undecided Undecided Embarrassed Embarrassed Embarrassed

EDIT:
Abedzadeh went on to ask, “How can a plane be hit by rocket or missile” and then the pilot “try to turn back to the airport?”

If the world is buying the US conspiracy on this, we're the dumbest dna-clusters on earth and thus really deserve to fuck up and self-eradicate our species from this planet.
i wasn't so angry as after reading this in a fair while (i mean years).

Airplane engine destroyed by a missle is still a mechanical failure. In the videoclip you see the engine already on fire we all want to see the moment before it.

Iran refuses releasing the black box to Boeing wich is actually an obligation.

This detail is vapor, steem. Media driven hysteria.
No state returns blackboxes to the manufacturer. So why should Iran?

EDIT: Usually the manufacturer of the flight recorder is invited for the investigations, led by the state where the accident was happening.
So many informations on this, almost nothing confirmed or official. Only "may", "could", "might"... As usual

We are not the dumbest dna cluster on earth because Iran finally admits shooting down Ukrainian airliner from human error after initial denials.
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January 11, 2020, 07:10:49 AM

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.

Countertrend. Now every time you travel south, the price must go up. You know what you must do.
We want the moon so he must travel to Antarctica. Cheesy


Its nice to see green dildo days are coming back to bitcoin price chart.
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January 11, 2020, 07:21:55 AM

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

Quote
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 ...

https://bitcointalk.org/index.php?topic=178336.msg53559801#msg53559801
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January 11, 2020, 07:26:55 AM

W
T
F
?
!

https://edition.cnn.com/middleeast/live-news/iran-plane-crash-investigation/index.html

They just go ahead and spin a conspiracy theory to justify future attacks and sanctions on iran now?
Same shit, different nation.
#smellslikeweaponsofmassdesctructioninirak

 Undecided Undecided Undecided Undecided Undecided Undecided Undecided Embarrassed Embarrassed Embarrassed

EDIT:
Abedzadeh went on to ask, “How can a plane be hit by rocket or missile” and then the pilot “try to turn back to the airport?”

If the world is buying the US conspiracy on this, we're the dumbest dna-clusters on earth and thus really deserve to fuck up and self-eradicate our species from this planet.
i wasn't so angry as after reading this in a fair while (i mean years).

Airplane engine destroyed by a missle is still a mechanical failure. In the videoclip you see the engine already on fire we all want to see the moment before it.

Iran refuses releasing the black box to Boeing wich is actually an obligation.

This detail is vapor, steem. Media driven hysteria.
No state returns blackboxes to the manufacturer. So why should Iran?

EDIT: Usually the manufacturer of the flight recorder is invited for the investigations, led by the state where the accident was happening.
So many informations on this, almost nothing confirmed or official. Only "may", "could", "might"... As usual

We are not the dumbest dna cluster on earth because Iran finally admits shooting down Ukrainian airliner from human error after initial denials.

Guilty  Angry
My fault. Prejudice sucks, you're right.
I dont want to be an idiot, so sorry for blaming Trump and co. for the bullshit the Bush administration had done.
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January 11, 2020, 07:44:22 AM

We are not the dumbest dna cluster on earth because Iran finally admits shooting down Ukrainian airliner from human error after initial denials.

Guilty  Angry
My fault. Prejudice sucks, you're right.
I dont want to be an idiot, so sorry for blaming Trump and co. for the bullshit the Bush administration had done.


Same thoughts sister...
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January 11, 2020, 07:54:26 AM

Thanks for the comments,
I wanted to thank everyone with 1 merit but I have no more merits.
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January 11, 2020, 08:20:08 AM
Merited by jojo69 (1)


"Fuck off, I like guns"
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