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

[Wekkel]

With this decline into the $8.xxx range, I get a better feeling about the bottoming process I was writing about earlier.



It's not perfect but on the 4h chart we start seeing subsequent bottom slams into the RSI. I expect the price to linger for a while (up to 3 weeks). If we can avoid a larger dump, it will be our launch pad for the next attempt to decisively go beyond $10k.

Oh, and leaving the (fictitious) channel is not a problem. Because fictitious 

[Raja_MBZ]

Look, I can kind of understand why BCH has some support. I think it's stupid, but I can see it.

But why the fuck would anyone continue to think faktoshi and BSV has any validity what-so-ever. He clearly has no idea what he is talking about. He had to plagiarise his phD, despite going to pretty much the worst University in Australia. He has been caught lying 987,392 987,393 times. He is a state loving boot licker. WTF is going on in these people's heads.

BSV is closer to old school, pre-segwit Bitcoin than BCH, aside from blocksize. BSV has an unlimited blocksize, while BCH is limited to 8mb blocks. Out of the two I'd prefer BSV.

Same thinking here. BSV is just a fine altcoin; it's actually better than XRP/Ethereum. If they can stop calling CSW their god, get rid of the "rEaL biTcOin" thing, attract more hashrate, get a change in name/rebranding, it'll be better for them. Craig is the biggest liar alive in crypto. I'm quite sure that if he had known he was going to face all of this in the future, he wouldn't have claimed to be Satoshi at all.

BCH, OTOH, shouldn't really be on the first page of CMC.

[lightfoot]

That report is probably ordered and paid for by some gun hating left wing group who would clutch at any straw to make gun ownership look bad.
I don't have the time to dig for the reports I'm referring to, but you all know that they are out there.

And what's "A major global report" anyway, how does it differ from "a minor local report".

The paper appears to have been published in JAMA, Journal of the American Medical Association.
https://jamanetwork.com/journals/jama/fullarticle/2698492

JAMA currently has an Impact Factor of 51.3 (whoah!). For comparison, Science is 40, and Nature is 43. In order to maintain that kind of factor they have to publish pretty well peer-reviewed stuff.

So please stop it with the "you all know that they are out there" and either post peer reviewed facts or concede. Reality exists man, I really recommend living by it even when it is at odds with your person opinions/beliefs (as I did with the whole 140mph being safe thing).

(Note: A totally fair argument would be "I don't give a fuck if people die, I want my guns!". Use that instead if that's what you really mean)

[JayJuanGee]

The joy of the 'clever' trader for his successful 10% cut loss from his initial stash was somewhat marred when he realized it was the 10th in a row. 

Let's say starting with 1 BTC.. that would NOT be a 100% loss in the value from the initial stash. 

Rather the final amount of the stash would be a bit more than a 65% loss from the initial stash. 

Cut and pasted from my creation of a quickie Excel spreadsheet causes the pyramid of devaluation of the stash to look like this:

   1 BTC
1   0.9
2   0.81
3   0.729
4   0.6561
5   0.59049
6   0.531441
7   0.4782969
8   0.43046721
9   0.387420489
10   0.34867844 BTC

Surely, I would not be advocating any practice that results in continuous losses, so let's turn the scenario into a positive rather than a negative... let's say that instead of losing 10% on each trade, you are not greedy and you figure out a way to gain .1% on each trade.. after taxes and trading fees.   Of course, figuring out ways to profit are structural and depend upon how you value the wealth - whether you are stacking sats or stacking dollars and surely in bitcoin whenever you sell any BTC you have to be willing to let that BTC go.. because they price might never come back to that sales price... which means overstacking in BTC so that you are actually willing to sell it at prices that are lower than future prices.

Anyhow, because of the modesty in any plan, it takes a long time to gain value.. and if you stack for .1% profits in each trade, then after 10 trades you gain just a bit more than 1% on your trading stash...

   1 BTC
1   1.001
2   1.002001
3   1.003003001
4   1.004006004
5   1.00501001
6   1.00601502
7   1.007021035
8   1.008028056
9   1.009036084
10   1.01004512  BTC

Losses are not guaranteed and gains are not guaranteed, and personally I consider the trading of BTC to be insurance rather than measurable and meaningful gains, so on a personal level, I am not really pursuing the gains.. the gains are very modest in the whole scheme of things and are a kind of side benefit... and of course, there tend to be several third party risks that come with any kind of trading, too... so surely, no walk in the park for anyone to be playing around with trading.

[JayJuanGee]

Ok First, I never lost taste!!
I lost smell, I could not smell the coffee, but I could taste if there was sugar in the coffee or not, understand?
And this was before I got sick.
And no, you can not convince me that Italian food is anything but versions of ground meat, tomato sauce, cheese and pasta. Because it is.

You must be feeling much MOAR better, Arriemoller. Congrats!!!!

You are back to arguing your same old self-absorbed nonsense... that would be quite difficult to replicate, except maybe by some other wishful-thinking pie in the sky narrow perspective nutjob.

 

[Last of the V8s]

Yeah come off it, Arrie old boy. Italian is easily in the top 100 national cuisines.

[infofront]

https://www.amazon.com/Pizza-Daveed-Benito-Decor-Poster/dp/B07SQH7RGW

Happy Pizza Day, WO,s
Accompany with a good wine or champagne at the right temperature.

the dude approves this message

An evening with this guy would probably be much more interesting TBH.

[jojo69]

That is one spicy meat a ball!

I am going to be rich

[serveria.com]

A while back I had Cannelloni for the first time in my life, I saw it in the ready foods section and thought I would try it out.
Big disappointment, it tasted exactly like lasagna, I could just as well have bought that.
I think I have figured Italian food out, they only have one dish but they serve it a little bit differently and give it a new name.
Ground meat with tomato sauce between pasta sheets and some cheese sprinkled on top = lasagna
Ground meat with tomato sauce between rolled up pasta sheets and some cheese sprinkled on top = cannelloni
Ground meat with tomato sauce in a heap of shredded pasta sheets with some cheese sprinkled on top = spaghetti
Ground meat with tomato sauce on a flat piece of almost pasta and some cheese sprinkled on top = Pizza
and so on.
I'm not trying any more versions of Italian food ever again.

Dear Lord, I leave the WO thread for a day or two and this is literally the first post I bump into.

You are right, ready foods taste all the same. But you houldn't extrapolate on all italian food, as @psychodad tried to explain to you.
Once you are having your taste back from Corona, please be my guest in your next trip to Italy.

Well I can't claim I know Italians very well but from what I know saying such things (Arrie) about Italian cuisine is like punching an Italian in the face  

[serveria.com]

That is one spicy meat a ball!

I am going to be rich

Don't forget it hurts when it's sore

[serveria.com]

Ok First, I never lost taste!!
I lost smell, I could not smell the coffee, but I could taste if there was sugar in the coffee or not, understand?
And this was before I got sick.
And no, you can not convince me that Italian food is anything but versions of ground meat, tomato sauce, cheese and pasta. Because it is.

What about rice (risotto) and fish? 

[Globb0]

Look, I can kind of understand why BCH has some support. I think it's stupid, but I can see it.

But why the fuck would anyone continue to think faktoshi and BSV has any validity what-so-ever. He clearly has no idea what he is talking about. He had to plagiarise his phD, despite going to pretty much the worst University in Australia. He has been caught lying 987,392 987,393 times. He is a state loving boot licker. WTF is going on in these people's heads.

BSV is closer to old school, pre-segwit Bitcoin than BCH, aside from blocksize. BSV has an unlimited blocksize, while BCH is limited to 8mb blocks. Out of the two I'd prefer BSV.

Which would you prefer out of drinking strychnine or drinking arsenic?



 

[JSRAW]

"#Bitcoin's 1 year HODL Factor surpassed 50% for the first time, indicating that half of BTC's active supply hasn't moved in over a year

This fundamental indicator of Bitcoin health demonstrates an increasing long term holder base, supporting the SoV narrative."

https://twitter.com/CelermajerB/status/1264890205930237953

[Last of the V8s]

Alright I am annoyed and saddened and really fucking tired. Also down to just one merit, but I will give it to the best youngster, newbie or kid who can write a decent - short will do fine - riposte to the kindergarten shit that is happening over here:

 https://bitcointalk.org/index.php?topic=5248291.msg54499261#msg54499261

Of course I have sympathy for our fallen ex-member mindrust who has gone back 5 years in his understanding of bitcoin, but please do your best to put cobra at least in his place, the beginners and help section.

[LUCKMCFLY]

The only one that has a life of its own is Bitcoin ... Alts will always be directly dependent on the movement that Bitcoin always exercises.

BTC Dominance Signals Abrupt End to Crypto Altcoin Season

BTC dominance – a metric that weighs the entire Bitcoin market cap against other crypto assets – has been falling in recent weeks, giving many small-cap altcoins a chance in the limelight.

The short-lived altcoin season could come to an abrupt end, however, according to a highly reliable indicator.

The TD Sequential indicator has presented a buy setup on BTC.D price charts, depicting Bitcoin‘s weight against the rest of the crypto market.

Source:https://www.newsbtc.com/2020/05/25/crypto-altcoin-btc-dominance-bitcoin/

[Ibian]

A thought om demographics. Why did people use to have a lot of kids? Because people died a lot. Most of them before they could go on to have their own kids. This means that the strongest, the smartest and the healthiest went on to produce the following generations while the weakest did not. This is the process by which we went from banging two rocks together to produce a sharper rock, to communicating through magical glowing rocks around the world in real time.

Let us assume the following, for the sake of illustration:

The historical norm has been that 50% of the population died before they could procreate.
Today it is maybe less than 1%. Let's say a clean 0%.

If we go from the historical norm to todays standard, then in one generation half the population would be dysgenic (which my spellcheck does not consider an actual word, what the fuck?). Meaning in this case, they are worse than the previous generation. In physical strength, intelligence, immune system, morally, in every way.

Another generation goes by and only 25% of the population is of the original quality.

After three generations, 12.5%. And so on.

In reality the process is more gradual and takes longer, but it all amounts to the same thing in the end. People are different. Humans are not equal. We are not even born equal, simply due to genetics. What this all means is that without some method to kill the weak members of the human specie, we regress. Humans today are on average dumber, weaker, more cowardly and unhealthier than ever before since probably the end of the roman empire.

It has been 3-4 generations since the last major dieoff, since the war. Life has never been easier and safer. And we are on the brink of a collapse. Financially, as many of us know, but also in every other way. And this is the method by which it happens.

[Raja_MBZ]

It is with a heavy heart that I have to announce that this campaign will close its doors this week. From this coming Friday the FJ campaign will no longer be active and no participants will take part moving forward.
...

...
Not sure why but in the last few days I really wanted to keep a Vegeta avatar and some stupid anime signature. I'll finally be able to do that! I'm probably going to take a little rest from campaigns and won't be finding a new campaign anytime soon.
...

Another Vegeta coming to the WO.

[LUCKMCFLY]

A great model, applies to Diamonds and Real Estate...



Source: https://twitter.com/100trillionUSD/status/1264992078775418881

[serveria.com]

Alright I am annoyed and saddened and really fucking tired. Also down to just one merit, but I will give it to the best youngster, newbie or kid who can write a decent - short will do fine - riposte to the kindergarten shit that is happening over here:

 https://bitcointalk.org/index.php?topic=5248291.msg54499261#msg54499261

Of course I have sympathy for our fallen ex-member mindrust who has gone back 5 years in his understanding of bitcoin, but please do your best to put cobra at least in his place, the beginners and help section.

Oh shit this is pathetic. Bitcoin HODLer turning into a shitcoin shill. 

[serveria.com]

POOOOOMP!