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

[serveria.com]

Holy moly *face palm. I recently viewed the chart of the bitcoin and things are not looking good. The bad thing is not only the bitcoin that have bad move because even the whole cryptocurrency market hare also affected wherein a lot of altcoins also go down. The current support have been broken where in the previous support can become resistance or what they call role reversal. I think the price may go deeper at $10,600 because it is the current support level. The RSI is not always looking good wherein it is now creating lower lows and lower highs. If there will be another breakdown then expect that the uptrend already snaps wherein we will welcome bearish market.

Holy shit.... facepalm emoji is badly needed... poor guy has no idea what he's talking about...  

I smell mindrusting here

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[Torque]

By the way... I think Greg Maxwell did a better job summing up my feelings on the whole "maximallists" shilling INX thing here:

https://bitcointalk.org/index.php?topic=5271424.msg55090841#msg55090841

Such a good job I did a giant merit blast at him.

I find it one of the most depressing things in the bitcoin world all year.  Perhaps I put more trust in the "thought leaders" and personalities than I knew.  In my opinion Blockstream has taken a good size dent from this whole thing with the positions that it's leaders have taken.  I cannot help but wonder if Pieter Wuille leaving for Chaincode Labs had any basis in this sort of crap.  

And I am not even a maximallist.  I am just anti shenanigans.  And that's what this garbage is in my humble opinion.

The question is, why aren't you though?

"Bitcoin maximalism" isn't just about those who have a stake in Bitcoin^TM believe everything else is a scam; it's about the belief that Bitcoin is so complete in the functionality and security it provides, that no other crypto coins are necessary to even exist. Period.

Therefore creating shitcoins, shilling them, owning them, or even trading them is defacto stupid and pointless. And those that do are regarded with a loss of trust and common sense at best, and at worst are seen as complete scammers.

An analogy would be in the Precious Metals world, but a world in which a constant supply of laboratory-created "fool's gold" metals were created, shilled, owned and traded on the open market. Why even do that when you can just own Gold or Silver? The only people that will gain anything by creating and shilling fake metals would be the scammers that created them.

[serveria.com]

Holy moly *face palm. I recently viewed the chart of the bitcoin and things are not looking good. The bad thing is not only the bitcoin that have bad move because even the whole cryptocurrency market hare also affected wherein a lot of altcoins also go down. The current support have been broken where in the previous support can become resistance or what they call role reversal. I think the price may go deeper at $10,600 because it is the current support level. The RSI is not always looking good wherein it is now creating lower lows and lower highs. If there will be another breakdown then expect that the uptrend already snaps wherein we will welcome bearish market.

 We don't care about shitcoins taking a bath; only bitcoin matters here.
Also, nobody in this thread will ever welcome a bearish market; those members have left the building.
That being said, *facepalms are permitted.

I don't know how some people expected this to go to the moon without really retesting the previous huge resistance. For full year, we were trying to break 10500 and now we should go to ATH or 16k without retesting it but for 10 minutes in that flash crash from the first time we went to 12k.

No chance, zero logic in that. That level needs to be properly tested for bull run to continue.

What I fucking hate is that this is lowering my chances to accumulate bitcoins trading alts as they shit themselves as soon as bitcoin farts.

 Are you two related retarded?

Here, fixed it for you.. 

[Paashaas]

https://twitter.com/100trillionUSD/status/1301114506790264835

[El duderino_]

Holy moly *face palm. I recently viewed the chart of the bitcoin and things are not looking good. The bad thing is not only the bitcoin that have bad move because even the whole cryptocurrency market hare also affected wherein a lot of altcoins also go down. The current support have been broken where in the previous support can become resistance or what they call role reversal. I think the price may go deeper at $10,600 because it is the current support level. The RSI is not always looking good wherein it is now creating lower lows and lower highs. If there will be another breakdown then expect that the uptrend already snaps wherein we will welcome bearish market.

 We don't care about shitcoins taking a bath; only bitcoin matters here.
Also, nobody in this thread will ever welcome a bearish market; those members have left the building.
That being said, *facepalms are permitted.

I don't know how some people expected this to go to the moon without really retesting the previous huge resistance. For full year, we were trying to break 10500 and now we should go to ATH or 16k without retesting it but for 10 minutes in that flash crash from the first time we went to 12k.

No chance, zero logic in that. That level needs to be properly tested for bull run to continue.

What I fucking hate is that this is lowering my chances to accumulate bitcoins trading alts as they shit themselves as soon as bitcoin farts.

 Are you two related retarded?

Here, fixed it for you.. 

Stfu mindrust knows what he’s doing.... usd-safe-haven-that-sheeeeiiiiiiiiiiiiiiiiiiiiiiiiit

[Toxic2040]

Holy moly *face palm. I recently viewed the chart of the bitcoin and things are not looking good.

sheeeeit

+1 WOsMerit Bob

[Karartma1]

By the way... I think Greg Maxwell did a better job summing up my feelings on the whole "maximallists" shilling INX thing here:

https://bitcointalk.org/index.php?topic=5271424.msg55090841#msg55090841

Such a good job I did a giant merit blast at him.

I find it one of the most depressing things in the bitcoin world all year.  Perhaps I put more trust in the "thought leaders" and personalities than I knew.  In my opinion Blockstream has taken a good size dent from this whole thing with the positions that it's leaders have taken.  I cannot help but wonder if Pieter Wuille leaving for Chaincode Labs had any basis in this sort of crap.  

And I am not even a maximallist.  I am just anti shenanigans.  And that's what this garbage is in my humble opinion.

The question is, why aren't you though?

"Bitcoin maximalism" isn't just about those who have a stake in Bitcoin^TM believe everything else is a scam; it's about the belief that Bitcoin is so complete in the functionality and security it provides, that no other crypto coins are necessary to even exist. Period.

Therefore creating shitcoins, shilling them, owning them, or even trading them is defacto stupid and pointless. And those that do are regarded with a loss of trust and common sense at best, and at worst are seen as complete scammers.

An analogy would be in the Precious Metals world, but a world in which a constant supply of laboratory-created "fool's gold" metals were created, shilled, owned and traded on the open market. Why even do that when you can just own Gold or Silver? The only people that will gain anything by creating and shilling fake metals would be the scammers that created them.

This is it! I feel so dumb to have lost my precious corn to go for some trades with altcoins that left me with less corn. I am the worst trader in the world and I do recognize it now. Marked your words in my head.
I can't merit you because I am finished my allowance but get a whole lot of respect from my side Torque.

[AlcoHoDL]

[...]

I am the worst trader in the world and I do recognize it now.

[...]

Almost every trader is the worst trader in the world.

The rest are just lucky.

Don't trade, just HoDL.

[600watt]

[...]

I am the worst trader in the world and I do recognize it now.

[...]

Almost every trader is the worst trader in the world.

The rest are just lucky.

Don't trade, just HoDL.

never trade. you are competing with smarter guys, with deeper pockets, with way more experience and knowledge, them being interconnected but you aren't, they don't play fair, they know everything, you know nothing

try to win a match of tennis against a top 20 professional. or a game of chess vs a grandmaster. it would be fun, but would you put meaningful cash on yourself winning?

[cAPSLOCK]

By the way... I think Greg Maxwell did a better job summing up my feelings on the whole "maximallists" shilling INX thing here:

https://bitcointalk.org/index.php?topic=5271424.msg55090841#msg55090841

Such a good job I did a giant merit blast at him.

I find it one of the most depressing things in the bitcoin world all year.  Perhaps I put more trust in the "thought leaders" and personalities than I knew.  In my opinion Blockstream has taken a good size dent from this whole thing with the positions that it's leaders have taken.  I cannot help but wonder if Pieter Wuille leaving for Chaincode Labs had any basis in this sort of crap. 

And I am not even a maximallist.  I am just anti shenanigans.  And that's what this garbage is in my humble opinion.

The question is, why aren't you though?

"Bitcoin maximalism" isn't just about those who have a stake in Bitcoin^TM believe everything else is a scam; it's about the belief that Bitcoin is so complete in the functionality and security it provides, that no other crypto coins are necessary to even exist. Period.

Therefore creating shitcoins, shilling them, owning them, or even trading them is defacto stupid and pointless. And those that do are regarded with a loss of trust and common sense at best, and at worst are seen as complete scammers.

An analogy would be in the Precious Metals world, but a world in which a constant supply of laboratory-created "fool's gold" metals were created, shilled, owned and traded on the open market. Why even do that when you can just own Gold or Silver? The only people that will gain anything by creating and shilling fake metals would be the scammers that created them.

Well you pretty much nailed it.  I am a BITCOIN MAXIMALIST the the extent that I believe bitcoin will be the only bitcoin.  And also is the next bitcoin... and the last bitcoin.  And I think well known maxi's being paid a quarter of a mill in shitcoins to promote shitcoins is net harmful.  But what I do NOT believe is that there are no other crypto projects that are worthy experiments or fill roles bitcoin cannot or will not.  Just that the VAST (over 99%) majority of them are useless at best and scams at worst.

So that's it I guess...  I'm still not a maximalist... But it seems I am more of one than Adam Back for example.

You know Greg Maxwell still has a shitcoin address in his profile here.  I suppose I am about as much a maxi as he is... 

...so you tell me.

[JimboToronto]

Almost every trader is the worst trader in the world.

The rest are just lucky.

Don't trade, just HoDL.

never trade. you are competing with smarter guys, with deeper pockets, with way more experience and knowledge, them being interconnected but you aren't, they don't play fair, they know everything, you know nothing

try to win a match of tennis against a top 20 professional. or a game of chess vs a grandmaster. it would be fun, but would you put meaningful cash on yourself winning?

And that's not even counting the house vigorish a.k.a. trading fees and money transfer expenses.

Gambling (trading) is a sucker's game.

[cAPSLOCK]

https://twitter.com/100trillionUSD/status/1301114506790264835

Dear lord, that is ridiculously bullish, lol.  Nice to see on a day like today!

[JayJuanGee]

News:

To further expand our cryptocurrency options for Pornhub Premium, we're excited to announce that we now accept Bitcoin & Litecoin as payment methods! Coin http://bit.ly/3biOfPq

https://twitter.com/pornhub_premium/status/1300942357555183617

BROKE: Mass adoption incoming
WOKE: Which degenerate is going to pay for premium subscription?
AWOKE: Pornhub is meant for degenerates!


Little Known Fact:
During Italian lockdown Pornhub gave free premium access to the whole italian population.
https://www.nssmag.com/en/pills/21244/pornhub-premium-gratis-italia-coronavirus

The Italian stallion seems to know a lot about this particular topic.

TBH, I'm not really impressed with the volume so far. I know this isn't going to be a popular opinion, but it feels as if a single entity (or a small whale group) controls everything in the market float from ~$10,5k to $12k. And it looks as if their mega pump hasn't really attracted other whale traders en masse at this point.

It seems nothing has really changed from when I posted this. Until other whale traders come in to play, this single entity is just going to keep splashing around and barting between $11K-12K.

Oh Gawd!!!!  Moar single entity theories. 

[Torque]

But what I do NOT believe is that there are no other crypto projects that are worthy experiments or fill roles bitcoin cannot or will not.  Just that the VAST (over 99%) majority of them are useless at best and scams at worst.

Ah yes, but therein your statement lies the difference.

1. Once you strip down a cryptocurrency to it's bare, basic usage as a secure SoV and digital online exchange asset, Bitcoin becomes all anyone will ever need.

2. Once you separate what a crypto can do for you *today*, vs. what all the shitcoins purport to do for the far-away future (i.e., solutions looking for hypothetical, non-critical problems that don't really exist, ergo purely speculative bs with no basis in reality), Bitcoin is still the only cryptocurrency anyone will ever need.

Judged against this criteria, the 99% you mentioned above suddenly becomes 100%.

"Worthy experiments" (completely subjective btw) should hold no monetary value. See Theranos for example.

Filling hypothetical, made-up roles that aren't even a problem should hold no monetary value.

[OutOfMemory]

Most altcoins dipped significantly harder than bitcoin today.

EDIT:
turns out roughly in +1% market dominance.

[savetherainforest]

Holy moly *face palm. 

[...]
The current support have been broken...
[...]

The current support line was a fake support line. It was a "delusional support line" from the first pump.

Dunno what you are smoking but the support line was barely scratched for a few minutes (10 minutes total if you count all the dips), at around 11200$-ish.

[DaRude]

Most altcoins dipped significantly harder than bitcoin today.

EDIT:
turns out roughly in +1% market dominance.

I don't even see BSv in top 10 on CMC someone should check on the jbreher

[vapourminer]

Most altcoins dipped significantly harder than bitcoin today.

EDIT:
turns out roughly in +1% market dominance.

I don't even see BSv in top 10 on CMC someone should check on the jbreher

hes probably busy counting his gainz

[Indymoney]

Most altcoins dipped significantly harder than bitcoin today.

EDIT:
turns out roughly in +1% market dominance.

I don't even see BSv in top 10 on CMC someone should check on the jbreher

Market going down very badly and just 4 coins in green from top 50 BSv is sliping badly.

[Toxic2040]

1h



4h

#stronghands