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Question: Did we reach the bottom already?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25888009 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.)
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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January 15, 2020, 09:06:14 PM



LoL

So Ball tempering is not @bitserve's trade mark.....

... or Bawb's, official founder of BTC  (Ball Training Club).

In other words, titanium plates remain the original, and perfume and other spray inducements are inferior and lame imitation attempts. 

Not the first time that we have heard of those snake oil salesmen techniques in the bitcoin space.   Angry Angry
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Cryptotourist
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January 15, 2020, 09:19:05 PM
Last edit: January 15, 2020, 09:31:56 PM by Cryptotourist

I'm ready. Grin

Warning - while you were typing 293 new replies have been posted. You may wish to review your post.
Basorexia
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January 15, 2020, 09:51:25 PM

Guys, what do you think about Bitcoin? I am considering zone 9000 to enter a short position.
JayJuanGee
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January 15, 2020, 09:51:50 PM

I added Bitcoin Dominance and BTC/USD pair in same graph for last 1 year. And last few days looks kinda different comparing to before. Like glines were more or less parallel mostly, But after the last jump over 8k usd, dominance went to downtrending.



Does that graph inform you about what to do next?

Are you going to use "bitcoin dominance" as some kind of indicator to inform you what to do in terms of your accumulation of bitcoin or your HODL strategy or even if you are going to sell?

or are you considering shitcoins?  Does that indicator tell you something about shit coins?

By the way, do you happen to know what has happened in the last week or so in terms of bitcoin and some of the purportedly BIGGER shitcoins?  If you do, then that the changes in that "bitcoin dominance" metric should tell you a lot about how such metric is gamed by coins that have little to no liquidity but for some reason they are holding some kind of value, as if they had some kind of value beyond a way to scam folks out of their money, an attack vector towards bitcoin or perhaps placing weather/earthquake data therein.
El duderino_
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January 15, 2020, 09:52:28 PM

Observing profit taking. Gut says no Vegeta today.

But are you wearing your glasses today?
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January 15, 2020, 09:53:45 PM

Guys, what do you think about Bitcoin? I am considering zone 9000 to enter a short position.

Most of us DCA, not to many doing the shorting business I think, only the pro’s maybe  Roll Eyes
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January 15, 2020, 09:55:27 PM

Seems like the scam pump got dumped at $420.

bitserve
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January 15, 2020, 09:56:06 PM

Guys, what do you think about Bitcoin? I am considering zone 9000 to enter a short position.

My opinion: If you really want to short Bitcoin around $9000 it is because you think it will not break it. If that's the case you should better short it right now which is already close enough to $9000. Once it reaches $9000 it will probably break and overshoot it. Or wait to see where it does stop after $9K and short it there.

That being said, I would advise against shorting it at this time as there is more potential on the upside than in the downside (possible retest and bounce on $8.5).
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January 15, 2020, 09:56:25 PM

<snip>

Sorry bro our work department is different so its normal (don't blame yourself) and i would be very surprise if in this bitcointalk forum someone able to match my configurations unless s-he works in blizzard or pixar and i hope you believe me but i hate to say,  the only guy i think who can come close in "our beloved roachie" if he's true to his words...
Okay so you are talking about your high config system that you use for 3D designs?
Damn man!
I use this computer only for browsing LOL

By the way, nice profession that you have. Are you working under any company or on your own?

<snip>
Currency system...

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January 15, 2020, 09:56:59 PM

Observed sh*tcoin flip, flap, floppenings
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January 15, 2020, 09:58:05 PM

Observed sh*tcoin flip, flap, floppenings
WO only observes bitcoins 😉


Bed time soon and still I do not see Vegeta 😡

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January 15, 2020, 10:19:01 PM

Guys, what do you think about Bitcoin? I am considering zone 9000 to enter a short position.

doooooo it

do not miss this opportunity
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January 15, 2020, 10:20:04 PM
Merited by Hueristic (1)

Guys, what do you think about Bitcoin? I am considering zone 9000 to enter a short position.

Most of us DCA, not to many doing the shorting business I think, only the pro’s maybe  Roll Eyes
Don't forget about the majority of noobs that get rekt™ in order to make the profit for others.

Guys, what do you think about Bitcoin? I am considering zone 9000 to enter a short position.

9K sounds like a random rekt™ level. The 200 Day MA is around 9.1K for starters, if we break above the current highs, we'll probably go there...
As someone else said though, put on your money on 100x no stop loss and just hope for the best, that's what most people do.
Helpful leverage trading video: https://www.youtube.com/watch?v=QvZ7K_0_SiY
JayJuanGee
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January 15, 2020, 10:37:47 PM
Merited by LUCKMCFLY (1)

Stock-to-flow model.

"Stock to flow" does not apply to Ponzi scams.  I don't know if any of you noobs understand economics at all - and I wasn't there to personally witness the event or personally audit all the bookkeeping - but the great depression involved a liquidity deficit.  Some claim it was an engineered depression by the banks, others claim it's not; who knows, that doesn't matter for this discussion.  What matters is that if Bitcoin was actually the unit of account of anything (I.E. the world reserve currency and everything is priced in Bitcoin), the halving itself is a liquidity implosion similar to the great depression.

With Bitcoin not being the unit of account of anything it doesn't really matter because it just functions as a meaningless pump and dump scam, but if you actually tried to price everything in the world in Bitcoin it would be laughable. What type of "monetary system" do you know of where every vendor on the planet needs to massively adjust all their prices every four years?  None exists because anything with such stupid mechanics always dies because anything operating with such dynamics is a Ponzi scam.  The purpose of a monetary unit is to provide price stability, not be unstable by default.

In terms of having an actual functioning economic system, the 'halving' is a monetary crisis, not some sort of benefit.  The only people who view it as beneficial are pump and dump scammers hoping it allows them to make money off algorithmically designed, large volatility.  If Bitcoin was designed to actually be useful as a unit of account for something instead of a Ponzi scam, the block reward would be static eternally.  The government creators of Bitcoin who want it to function as a cashless society slavery system where everything you do is monitored in real-time knew it would be impossible to try and get anyone to use Bitcoin with an infinite, static block reward over metals, so they designed it as a get rich quick scheme, Ponzi scam to later be adjusted or replaced when it eventually fails due to having no use case beyond a pump and dump scam.
Thank you very much for your realr0ach point of view,

I respect his way of thinking about these scenarios, historically gold is always the best way out of the crisis, Bitcoin is undoubted protagonist today, in my case, I give much importance to both the investment and the refuge of the value that It represents, although many economists do not recommend it because it is volatile.


For those of us who can handle the volatility of BTC (and possible perceived risks of an investment/speculation we do not fully understand), BTC is a great piece of diversification.  

I hodl enough BTC so that if it moons in price, I benefit nicely.  But, I am not the kind of guy who likes putting too many single investment eggs into my basket.  Especially now that I am aging (older than most of you).

Do recall that anyone hodling ANY BTC already is way ahead of the game, as so few (6% of Americans?, though that seems way high to me) hodl any BTC.  Thus, should it moon (an excellent probability, IMO, of it doing so), only we 6% will be winners.  I do not need to be a #YugeWinner to be content with entering this arena (nor a #YugeLoser should BTC collapse).  My hodlings are enough to bring me a Big Smile should we exceed BTC's ATH.  Bring it.

As our European friend "el_duderino" has long written: "This is fine" and "This is HODL".

*   *   *

I still do not understand the antipathy of BTC hodlers to gold.  (Of course, you can see the opposite too, look zerohedge FUD-ers)

Gold and BTC are, in essence, both assets outside the $IMFS (our financial system).  But they are somewhat different in their price movements as well as their various other properties.  They are different "vectors" if you will.  That's why I like them both!  

Precious metals and BTC are natural and complementary allies.

Edited for clarity

Of course, each person is free to make his/her own choice regarding how much allocation to put into gold, and maybe some of the antipathy of BTC HODLers towards gold comes partly from gold bugs denigrating BTC and even putting out a lot of bullshit arguments, including the repeated WEAK-ASS intrinsic value and supposed utility (jewelry, industrial use, etc) arguments (which really are not much for giving greater value to gold, but might instead be arguments that work against the current/future value of gold), and also BTC has shown superior performance as compared to gold in recent years, and likely to continue to be superior to gold into the near, medium and long term future under the vast array of most likely scenarios because BTC has a variety of properties that Gold does not have (or at least bitcoin does a few things better including portability, divisibility, verifiability, less need for third parties, difficulties to manipulate supply (referring to paper gold), scarcity and a few other less important better aspects)....

So, yeah, maybe BTC HODLers have become a bit cocky, and surely I don't want to be confrontational or insulting to the decisions of anyone who chooses to HOLD gold, so I am talking practically and attempting to be realistic rather than either talking my book or trying to denigrate anyone for their decisions to hold or allocate towards gold (that is their choice, even if it seems inferior as I just mentioned), but I doubt that such cockiness is completely unwarranted in BTC's likely present and future role as gold 2.0.   Yeah, bitcoin was modeled on gold in a lot of ways, so it even seemed that Satoshi had a lot of respect for the historical sound money contributions attempts of gold, while recognizing that gold had failed in a variety of ways, especially in recent times and going off gold standards and a lot of the out of control aspects of fiat money.

 Gold bugs do not like that bitcoin is likely replacing it, and yeah gold will likely still serve some roles in society, but bitcoin is coming in and likely to supplant a lot of the value of gold and the historical use cases of gold in the modern world.

Not trying to be denigrating at all, but surely seems to be that the direction of asset classes are evolving both bitcoin and PMs such as gold.  Of course, individually, you can chose your level of allocation and believe that gold might continue to decently hold some value.. it might and it might not.. that is just the way things are going and not hostility, and I really should not be repeating points that I already made in my post on the topic from yesterday.. so I will leave it there, for now.
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January 15, 2020, 10:41:20 PM

https://twitter.com/apompliano?lang=en

Quote
Rumors are circulating that the Fed is going to announce an effort to digitize the dollar this week.

This would be similar to China's effort to digitize the yuan.

IF true, bullish or bearish short term?
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January 15, 2020, 10:47:01 PM


Helpful leverage trading video: https://www.youtube.com/watch?v=QvZ7K_0_SiY

Wow, that crypto bubble youtube channel is golden! Didn't know about it. All the videos are fucking genius!
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January 15, 2020, 10:50:49 PM

Did you miss me? now I am trained in fucking you up.'


Hai!


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January 15, 2020, 10:51:41 PM

realr0ach writes what he writes because (I imagine) his experiences with BTC have not been good, and he no longer wants to speculate/invest in it.  Or he has changed his view due to circumstances.  Still he does like to poke BTC-ers in the eye with a stick (LOL).

1)  It's impossible to make a decentralized digital currency since transaction validators are always designed to centralize.  If you have non-fungible tokens and centralized transaction validators, there is no possible endgame evolution besides being an exact replica of the Chinese social credit score system.  Promoting Bitcoin is then nothing more than promoting your own enslavement in some sort of extreme dystopia.

2)  The fundamentals of imaginary, valueless timestamps whose value is supposed to be derived from decentralization but is designed to centralize is zero.

3)  The ability for imaginary, valueless timestamps to displace physical metals as the base of Exter's Pyramid is zero.

4)  Any type of imaginary widget based on artificial scarcity is a Keynesian scam.  Money is required to be a physical commodity resource.  It's also required to be fungible.  It's not even possible for Bitcoin to be fungible by mixing outputs because Bitcoin is designed to facilitate entropy while real money (physical metals) is designed to resist it.  Money is supposed to be a constant and not change.
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January 15, 2020, 10:54:33 PM

Can the mass of proton be money?
I don't think so.
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January 15, 2020, 10:56:55 PM

Father forgive me for the quote.

Just to point out the linguistic statement by roach that his BS is "almost as if true" i.e. therefore not true by his own choice of words


It's almost as if every single thing r0ach has ever said about Jews is true:

https://thats.what.this.dick/can.do
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