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

[windjc]

Visiting the "Speculation" section of this forum...it's like shooting fish in a barrel. It's no fun.

98% of the visitors seem to be English 2nd or 3rd language and all they do is compare the price to 2018 or 2019.

I guess everyone who was here in 2013 got so wealthy they had no reason to be on a forum anymore. Too bad, there were some decent conversations then.

Sometimes I go on twitter, where all the "crypto experts" joined in 2017 or 2018 and try to save people from themselves. I tell them things like "people said the exact same thing, using the exact same chart back in 2011 and again in 2014 and then again 2015 and you are making the same mistake they did." But it doesn't help. They are destined to miss out on the next bull run and wind up exactly where they are.

It's pretty amazing after 10 years of bull, there are still people like Tone Vays who are poor.

I hope anyone reading on this thread who is newer than 2015 just buys as much of BTC as you can and just hold for the next 3 years. Thats all you have to do. 3 actions (one of which is a non-action).  Buy as much as you can. Hold for 3 years. Then sell if you'd like.

So easy. But the hardest skill in the world for the majority of people.

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[1702282160]

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[HI-TEC99]

I guess everyone who was here in 2013 got so wealthy they had no reason to be on a forum anymore.

That's not true for all old timers.

There seem to be a lot of posters who automatically assume that if you've been around for a long time you're fooking loaded which must make those who know the truth groan.

yeah was almost amusing in a way till one gets tired of it, and ive only been doing it since 2011.

i mined btc with gpus in 2011-12 or so. sure, got some corn. at like $2 USD per btc. big deal. well of course now but then..

i remember testing various wallets and OS distros, blew some stuff up. so 5 btc in a wonky wallet? pfft just forget about it, not worth the 10 minutes to fix it. pool held back? just go to another pool. exchanges wiping out, shady shovel salesmen, hardware/software failure, being stupid. etc

im surprised i managed to keep anything really.

[HI-TEC99]

I spent some time in Japan recently and learned that most toilets come with drinking fountains.  This is truly ingenious. 

you would NOT want to drink from any toilet i use. actually you wouldnt want to drink water anywhere within 30 feet or so. rough estimate that, i may give a safer minimum distance later

Why, is this similar to you using a toilet?



Are this bloke's services required after you've finished?

[vapourminer]

[REDACTED - eye protection needed]

eeeeww

[HI-TEC99]

[REDACTED - eye protection needed]

eeeeww

So that's a no then?

[cAPSLOCK]

Just having a look at recent history and thinking out loud, Last time we were here was mid June 2019 but price got all bubbly and ran past 10k quickly.
Then finally and reluctantly fell from 10K in September.  Seems logical to expect more resistance into 10K this time vs. the bubbles that blazed  through times before. Only difference now is it would appear that not so many people care this time, Google trends show bitcoin interest at a low for the past 12 months. https://trends.google.com/trends/explore?q=bitcoin&geo=US

According to the charts I'd expect resistance but Bitcoin loves to surprise.
Do we retrace now, closer to 10K, or does it get bubbly well past 10K?
Some sideways for a week or 2 would be welcomed.

I agree that we should hope for a more gentle rise.

I think we should see price action that resembles 2015-2017 but I think on a slightly faster time scale.  The longer it takes for the parabolic rise to start, the longer it will go I think.

That said there are some fundamental differences.

Firstly, Bitcoin is a household word now-a-days.  Most people think the bubble happened at the end of 17, and the run to 13kish was a giant dead cat bounce.  But when they realize that BTC is making a new run for it they will pile in like crazy.

The next hurdle will be when fees explode.  As much as I think scaling on chain is a mistake, it is going to be a powerful narrative once fees become expensive.  Most of us have been through the bock size debates and reached our conclusion.  But retail will be charmed by the whole "LOW FEES" and "THIS IS THE NEXT/REAL BITCOIN" arguments.  So we should see the big blockers come out of the woodwork.  We might even see orchestrated attacks on the Bitcoin blockchain again as well.

Relevant questions are:

-How much difference will segwit make (and the slight block increase) this time around?
-Hopefully most exchanges are batching transaction now?
-How ready are Layer 2 networks?
     -I think Liquid can take a lot of pressure off in terms of intra exchange traffic
     -Will LN be ready enough to start to work?

[d_eddie]

So to answer the enormous question on everyone's minds right now, is it a block halving or block halvening? Google claims that more users are interested in the halving, rather than the halvening, regardless of the latter's grammatical incorrectness. It's safe to assume that Google's user's do not care of grammatical correctness. More relevantly, searches for the halving event recently reached an all time high. Searches for the halvening didn't reach all time high.



Suggestion: Let's roll with the grammatically incorrect phrasing of the block halving, rather than halvening, for the benefit of google searches.
(Even my spell checker wants to call it the halving, take the hint)

halvening, halving?
the same search - but google gets
to know YOU better





#tinfoil

[HI-TEC99]

Coronavirus has spread to Finland.

These are the cities most ‘at risk’ of seeing cases of coronavirus.

    Bangkok
    Hong Kong
    Taipei
    Seoul
    Tokyo
    Singapore
    Phuket
    Osaka
    Kuala Lumpur
    Macau
    Denpasar Bali
    Sydney
    Chiang Mai
    Melbourne
    Los Angeles
    New York
    Dubai
    Nha Trang, Vietnam
    London
    Ho Chi Minh City
    Nagoya
    Kota Kinabalu
    Phnom Penh
    Krabi
    Manila  
    Siem Reap
    Paris
    Jakarta
    Kaohsiung
    Frankfurt

The study the list came from is here.

https://www.worldpop.org/events/china

https://www.worldpop.org/resources/docs/china/WorldPop-coronavirus-spread-risk-analysis-v1-25Jan.pdf

[LUCKMCFLY]

According to Lee, an emerging Bull waking up ..

Bitcoin moved back above its 200-day moving average on 1/27... positive milestone and reinforcing 2020 shaping up to be great year for $BTC #bitcoin

- whenever BTC >200D, win-rate (6M forward) jumps to 80% and essentially "re-entering" bull market (>200D)

Twitter: https://twitter.com/fundstrat/status/1222566246455160832

Lee has also stated that Bitcon’s year-to-date gain of 26% represent the largest of any major asset class, with the cryptocurrency’s use as a safe haven asset being a likely contributor. It’s also worth noting that BTC price has moved up further since this tweet.

Bitcoin is best performing asset class YTD +26%... demand for "safe haven" is boosting Bitcoin and arguably, #Bitcoin is seen as a better "safe haven" than $Gold #gold

- Gold is up a decent 3% vs a whopping 26% for Bitcoin

Twitter: https://twitter.com/fundstrat/status/1222301926936715265

Source: https://bitcoinist.com/bitcoin-is-re-entering-a-bull-market-fundstrats-tom-lee-confirms/

[Bitcoinaire]

Breaking the old all time high will signal to the plebs that bitcoin is not dead and actually alive and surging. Money will once again pile in and the good times will be back.

[Bitcoinaire]

There's lots of speculation that china is downplaying the actual figures too, it's probably much higher.

Coronavirus


https://twitter.com/StockBoardAsset/status/1222688399607332864

[Icygreen]

Do we really want to send them to coinbase? I understood they've been naughty in assisting agressive nutrino chainalyasis/analytic tactics.

Genuinely curious. What _exactly_ do you think they are doing to aid chainalysis? Divulging private customer data?

I'm not accusing them of anything illegal however since Coinbase acquired Neutrino, now they have the largest on ramp and customer base with chainalysis rolled together. Not only is it a honeypot for leaks, its recreating the same privacy invasive, centralized practices familiar in today's banking. While understanding the merits of such, I prefer to support smaller privacy focused on ramps in efforts to avoid ultimately enslaving the population with an 'all seeing' Gov. Bitcoin.
To answer your question directly, Coinbase is consolidating power to break and prevent privacy in Bitcoin.  #deletecoinbase

So you have no proof that they are using such data to nefarious ends? That's certainly what it appears you are saying.

Your closing statement is topologically identical to 'Google/Amazon/Facebook is consolidating power to break and prevent privacy in all aspects of life'. Which could be a true statement, but I bet there is not one in a hundred persons reading this that does not deal with at least one of those organizations from time to time.

You' are correct, no proofs from me. I'm unable to afford the luxury or patience to await proof so I must rely on intuition, experience and history (Sometimes referred to as logic) If that condemns me to your special snowflake pile, oh well, I guess I'll have to live with that
As a society we've already given our private lives to Facebook, our data to Google and our shopping habits to Amazon.  I'm guilty but unprepared to drive the final nail into the coffin relinquishing our financial privacy simply because I was duped into the previous.
 I'm not sure what point you'd like to make with your closing statement. Are you saying that since we've already given some of our information to these corps, giving the rest shouldn't be a problem? Perhaps until proven otherwise?
   

[Paashaas]

Daily update Corona virus outbreak:

[Paashaas]

There's lots of speculation that china is downplaying the actual figures too, it's probably much higher.

Wuhan is a ghosttown Racoon city.

[bitebits]

So to answer the enormous question on everyone's minds right now, is it a block halving or block halvening? Google claims that more users are interested in the halving, rather than the halvening, regardless of the latter's grammatical incorrectness. It's safe to assume that Google's user's do not care of grammatical correctness. More relevantly, searches for the halving event recently reached an all time high. Searches for the halvening didn't reach all time high.



Suggestion: Let's roll with the grammatically incorrect phrasing of the block halving, rather than halvening, for the benefit of google searches.
(Even my spell checker wants to call it the halving, take the hint)

103 days

Or halfin?

[Arriemoller]

Good morn Bitcoinland.
Eight four three eight yankee bucks.
(Bitcoinaverage).

Nice new avatar.
Love the Greta Thuntard pic.
Make a hat of it.

hattstrejk för bitcoin



avatar-sized

I would merit this with a bunch of merits if I had any, half for the hat and half for correct Swedish spelling. Well done sir.

[heslo]

That hat is fucking amazing! I'll shoot some merits his way Arriemoller for the both of us!

[VB1001]

Good morning, good day to change the rank.

Bye Sr. Member / Hi, Hero Member 

WO #nohomo

Congrats VB1001!!!! More than deserved as you already achieved more than enough merits to even be a Self-made Legendary!

The beginning was not easy, but everyone has seen me grow here and I hope to stay a long time, WO is a great thread in every way.

Thx.

[Arriemoller]

That hat is fucking amazing! I'll shoot some merits his way Arriemoller for the both of us!

Thanks, I owe you.

[mindrust]

Can I order a flash crash to $5500 please?

You mean you have an active stop loss order with an exchange?

No I don't deal with that crap. (Stop loss, leverage, margin trading etc)

I buy on spot and hodl only.

I still believe I can act fast enough.

It only takes 10 minutes to wire my money to the btc exchange and buy coins. Maybe I won't catch 5500, but 6000 is still fine.