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Question: Is the "bear market" over?
Yes - 29 (35.4%)
No - we need to sweep the low again - 20 (24.4%)
No - we need to set a new low first - 21 (25.6%)
No - other (explain below) - 12 (14.6%)
Total Voters: 82

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 27017974 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. (174 posts by 1 users with 9 merit deleted.)
Dabs
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September 01, 2020, 11:48:52 AM

https://bitcointalk.org/index.php?topic=583449.msg55105845#msg55105845

In shitcoin news, a bunch of scammers made ridic claims about tracing monroe tx'es

Just like scammers such as Chainalysis do with btc tx'es

So easy to pull the wool over gov depts.

They try.  And they try.  More of the same.

Don't underestimate companies like Chainalysis. They can figure out the basic stuff (like anybody else who can browse a blockchain explorer), and then some. But they can't prove stuff that goes through several layers.

The average bitcoiner and dumb criminal will get tracked and caught. The smart ones will be lost.
aesma
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fly or die


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September 01, 2020, 12:05:08 PM

The rise stopped at 9985€ on Kraken.

Round numbers are nice, for example in my mind BTC=10000€, even if it's at 5000 or 9000. So I avoid spending BTC if it's under that price, and will try to buy when it's under. I'm more comfortable selling above. Of course once we will have stayed above say 12000€ for some time I will decide that BTC=15000€ or something like that.

10000 is helpful for calculations, also.
Last of the V8s
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Be a bank


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September 01, 2020, 12:13:11 PM
Merited by JimboToronto (1)


https://twitter.com/alistairmilne/status/1300720062572175361?s=20
UnDerDoG81
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September 01, 2020, 12:13:29 PM

don't know exactly where more demand is coming from? USD or EUR?

but if you watch the EUR price of BTC you should also observe the EUR/USD spot price a bit.




that is what i am doing. if € goes up vs the $, mostly bitcoin is going up also.  during most of the the 2017 bitcoin bullrun, the $ was on a slide down compared to other fiat currencies.

today the € reached $1.20 - so, more potential upside for btc
we should be close to btc ath by the time € reached $1.30

You think € will reach $1.30?? Holy shit I should get rid of my dollars...
somac.
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Never selling


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September 01, 2020, 12:14:15 PM

Bearwhales always try so hard to fight every $1,000 rise when they can. I don’t know why they do it or maybe it’s just OCD freaks who are selling at round numbers. One thing is for certain though, $12,000 will be scalped like all other resistances before it.

I’m calling $13,000 by the end of September.

I'm thinking more like 14k. At least, temporarily some time during the month.
HeRetiK
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September 01, 2020, 01:06:17 PM


Oxens are castrated bulls tho Lips sealed
Last of the V8s
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Be a bank


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September 01, 2020, 01:14:55 PM

those guys'll eat anything Angry
BobLawblaw
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September 01, 2020, 01:22:40 PM

Slightly OT, but absolute megalulz at this one.

https://cointelegraph.com/news/vitalik-buterin-compares-defi-tokenomics-to-the-fed-s-money-printer


Fuck with shitcoinery/DeFi, and get rekt.
JayJuanGee
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September 01, 2020, 01:45:18 PM
Merited by vapourminer (1), bitebits (1)

^ Thanks for reporting back, that was quicker than expected Smiley. I should try increasing the play speed as well, even though with podcasts like these I need some time to think as well what is actually being said.

I have gotten used to listening to podcasts at faster speeds, but I did have to slow down with Naval.  He has a lot of ideas in a short amount of space (dense material), so I was probably around 1.2x with him.

It sure is different when at an older age already and not fully in the accumulation phase anymore.

I think so, too.  I also have a bit of a dilemma regarding even hypothesizing myself in my early 20s.  Of course, I was a lot more receptive to do a lot of things and to learn a lot of things, but even in my early 20s, I was still stubborn in some regards in terms of wanting to learn what I wanted to learn - I was limited.  So, in that regard, I might have been able to really advantage myself from the teachings of Naval; however, at the same time, I might not have been able to understand certain aspects of what he is saying, like I can today.

Maybe that is part of the reason that younger people today can really end up putting themselves on a different path than what was even available to me in my early 20s.  Of course, learning these days too, is a lot more communication enhanced, which can complicate matters, but creates leverage that was not available when I was in my 20s.. I am not so much receptive to attempting to learn how to maximize my profits from using such leverage today because I am at a different stage of maintaining rather than accumulating and even entering into a kind of quasi-liquidating stage of my life... which I recognize that I am repeating myself, too.

But perhaps when looking back you made a lot of (unconscious) choices that put you in the position you currently are?

Looking back, I feel that I got lucky in a lot of ways.  I do recognize that a few things that I did that really put myself ahead is living within my means, always investing a portion of my savings and engaging in some kinds of active experimentation and monitoring of my investments - including using credit for investment (not consumption).  One of the areas that I was lacking, and maybe even continue to be lacking is the desire and pursuit of money.  So there have likely been times in which I could have pursued some avenues of life to actually monetize my activities better, and I chose non-monetizing  and even less monetizing routes - but I still did end up getting some fairly lucrative gigs along the way - which I kind of attribute to kinds of luck.

I did not have this laser focus either building some kind of product or brand to get me financially independent. But just being honest and reliable, living below your means, freelancing instead of wage slavery, buying equity, etc, apparently goes a long way.

Yes, being aware of these various these various trade offs does likely end up having longer term payoffs, a kind of compounding benefit as Naval seems to suggest that ends up paying off later down the road in BIG kinds of ways.

Using ‘leverage’ in many different forms is of course where the real profits are (unfortunately I can’t code, but still want to learn some Python one day to automate certain repetitive tasks).

There likely still can be ways to use some of the concepts, even if we are older and might not be in the prime of our career.

So we might have some questions regarding whether learning some new skills might benefit ourselves, whether it is financially, psychologically or our physical health... and so yeah, some of those skills can provide certain kinds of leverage, too.

With bitcoin there can be some advantages to learning some kinds of code, too.. just to be able to look at code or to verify whether certain kinds of equipment, software or set-ups might be secure or learning how to ensure that you are able to monitor or lessen some security holes within our newly found way of holding and transmitting value, aka through king daddy.

Was not aware the Naval guy had more podcasts, his tweets are the short versions I guess. Will have a look at overcast.fm, bit afraid I soon need more houses to paint!

I was pretty early in the listening to podcasts space.  I believe that I was listening to podcasts in 2007 or maybe even a bit earlier than that.  I was a pretty BIG fan of books on tape and even checking out various books on tapes from libraries in the 80s and 90s and early 2000s.   Audio predecessors to podcasts.

Of course, there were not that many podcasts available back then, and even a lot of the earliest podcasts that I listen to are no longer even putting out current editions.  I kind of got into the habit of listening on headphones or in the car or when I was doing various chores (at least the less mind-intensive chores). I cannot recall using 2x features until around 2012 or maybe it was even later than that.. because I recall when I started using overcast, it allowed variations in playback speeds that were more gradient compared to what Itunes was then offering.  Only recently (within the past year or two, perhaps?) has YouTube been allowing for variations in the playback speeds.

Sometimes listening can be a lot easier, but probably Naval is correct when he asserts that reading gives a way better potentiality for learning at a higher level.  There can be value in absorbing materials in various ways, but writing can also be helpful in terms of showing the degree that you understand some materials, too.  But, yeah, if you are doing a variety of chores, whether painting or some other chores, it could be helpful to have some materials - even while there can also be some value in just staring at the paint too (aka meditating), as that earlier pic of you seems to have captured.  Cheesy Cheesy Cheesy  
Dabs
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September 01, 2020, 01:52:00 PM

Slightly OT, but absolute megalulz at this one.

https://cointelegraph.com/news/vitalik-buterin-compares-defi-tokenomics-to-the-fed-s-money-printer

Fuck with shitcoinery/DeFi, and get rekt.

If you've got to buy into it, then yes, get rekt. If however, you already happen to have some stake in some of them and are just cashing out, you could get out of it alive and well. (or with more ETH which you can then exchange for either BTC or fiat, as needed.)

I'm not shilling what I have, just that it's working for me at the moment and helping pay some bills. (It's some coin I held a couple years ago that got a new life as a defi token.)
Cryptotourist
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September 01, 2020, 01:58:27 PM

Hey JJG, why are castrated bulls called oxen?
And, why do the Chinese eat everything, including a bull's dick?
Finally, what is the relation between the two, and what steps need to be taken, to ensure our adult BTC bull is not castrated, nor eaten by the Chinese.

#yinyanghomo
JayJuanGee
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September 01, 2020, 02:16:58 PM

4 best months so far:

12/2017   average price=$14835
 1/2018   average price=$12891
 7/2019   average price=$10665
 8/2019   average price=$10612


5 best months so far:

12/2017    average price=$14835
 1/2018    average price=$12891
 8/2020    average price=$11634 <- NEW
 7/2019    average price=$10665
 8/2019    average price=$10612



From where are you getting the monthly traded volume data?  How is it calculated?

I know that you can get daily traded volume BTC price on Bitstamp from:

https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv  (click on "load raw data" at the bottom of the chart, and it will show daily traded volume for the past couple of months (maybe 60 days?)
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September 01, 2020, 02:19:18 PM

https://finance.yahoo.com/news/bitcoin-miner-scoring-700-profits-110010796.html

Quote
"By this spring, he expects to install 50 cryptocurrency mining containers on his 30-acre campus west of Midland, Texas, that will consume as much as 100 megawatts of electricity. At that rate, he says they can produce about 27 Bitcoins a day, worth about $310,000 at recent prices. When he’s not making money off that, at least there’s an electricity market to trade."

Wow, super cool.  Cool
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September 01, 2020, 02:21:04 PM

Lol...so true

https://twitter.com/jimbocoin/status/1300358552503152642
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September 01, 2020, 02:25:50 PM

Good morning Bitcoinland.

Still bouncing generally sideways but with a slight upward trend... currently $11876USD/$15473 (Bitcoinaverage).

Still not sure which side of $12k to choose in the poll. It's a toss-up. The battle is far from over.

Slightly OT, but absolute megalulz at this one.

https://cointelegraph.com/news/vitalik-buterin-compares-defi-tokenomics-to-the-fed-s-money-printer


Fuck with shitcoinery/DeFi, and get rekt.

Vitalik's just jealous.  Cool
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September 01, 2020, 02:43:43 PM

morning charts
 Smiley

1h


4h

#stronghands
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September 01, 2020, 02:48:24 PM

don't know exactly where more demand is coming from? USD or EUR?

but if you watch the EUR price of BTC you should also observe the EUR/USD spot price a bit.




that is what i am doing. if € goes up vs the $, mostly bitcoin is going up also.  during most of the the 2017 bitcoin bullrun, the $ was on a slide down compared to other fiat currencies.

today the € reached $1.20 - so, more potential upside for btc
we should be close to btc ath by the time € reached $1.30

You think € will reach $1.30?? Holy shit I should get rid of my dollars...


Jump through hoops to brrrrr?
ECB slower than Fed
Almost sure it will




#haiku
JayJuanGee
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September 01, 2020, 02:54:31 PM

Some nice upward movement here to start the day !

I wonder if Tesla/Robinhood is hurting BTC price though. So many (US mainly) people putting their fiat into stocks, especially Tesla, but also totally stupid things like bankrupt companies, surely that means they can't be putting money into BTC, what do you think ?


they printed so much, there is more than enough....

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

We have the ethheads going crazy too, and currently talking about impending flippening,, again...

So yeah.. lots of crazy hype out there in the macrospaces that might continue to go UPpity or might come crashing down.

I continue to be content with my seemingly modest bitcoin gainz (and seemingly ongoing modest bitcoin price movements)...

Hopefully we are considering both the upside and the downside...  

Is bitcoin going to be able to hold its own through all of this ongoing volatility when it comes to possible UP and possible DOWN, and where do you want to be?  How much allocated in each of these various asset classes?

BCH just forking into next crap.

This is priceless coming from you hv_.
It implies the existence of a previously forked crap.


soft of hard - doesn't matter -

Oh, my. Shocked

The diptwat - aka hv_ , is merely speaking in tongues in terms of trying to suggest that BSV is bitcoin... You cannot take anything that he says at face value, that dweeb.   Roll Eyes Roll Eyes
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September 01, 2020, 03:04:52 PM

Some nice upward movement here to start the day !
I wonder if Tesla/Robinhood is hurting BTC price though. So many (US mainly) people putting their fiat into stocks, especially Tesla, but also totally stupid things like bankrupt companies, surely that means they can't be putting money into BTC, what do you think ?

they printed so much, there is more than enough....

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

We have the ethheads going crazy too, and currently talking about impending flippening,, again...

Let the first big smart contract fall and eth's world is gonna collapse for good. Some might say there are already alternatives in place: I say good luck to them. In the end, one must fall and only one shall remain.
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September 01, 2020, 03:17:44 PM

Slightly OT, but absolute megalulz at this one.

https://cointelegraph.com/news/vitalik-buterin-compares-defi-tokenomics-to-the-fed-s-money-printer


Fuck with shitcoinery/DeFi, and get rekt.

A bit of OT, admittedly:  Vitalik does not have anything even close to approximating the level of muscularity of that portrait.  #justsaying

Hey JJG, why are castrated bulls called oxen?

Why you asking me, specifically?

I looked it up and oxen is merely a term used for cattle that have been trained to perform work.. could be casterated or not or even cows can serve such working purposes and be referred to as oxen.


And, why do the Chinese eat everything, including a bull's dick?

Lot's of cultures eat everything.. and some cultures eat sexual organs for sexual potency reasons, whether mythical or not.

Finally, what is the relation between the two, and what steps need to be taken, to ensure our adult BTC bull is not castrated, nor eaten by the Chinese.

#yinyanghomo

You seem to be wanting to stretch knowledge and entertain FUD bullshit.  Do you have some kind of point that is actually important and genuine that relates to king daddy, Cryptotourist? or are you just engaging in baloney talk by making nonsensical and meaningless connections?  Failing and refusing to grow up a wee bit, perhaps?
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