Bitcoin Forum
April 28, 2024, 03:47:57 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 30682 30683 30684 30685 30686 30687 30688 30689 30690 30691 30692 30693 30694 30695 30696 30697 30698 30699 30700 30701 30702 30703 30704 30705 30706 30707 30708 30709 30710 30711 30712 30713 30714 30715 30716 30717 30718 30719 30720 30721 30722 30723 30724 30725 30726 30727 30728 30729 30730 30731 [30732] 30733 30734 30735 30736 30737 30738 30739 30740 30741 30742 30743 30744 30745 30746 30747 30748 30749 30750 30751 30752 30753 30754 30755 30756 30757 30758 30759 30760 30761 30762 30763 30764 30765 30766 30767 30768 30769 30770 30771 30772 30773 30774 30775 30776 30777 30778 30779 30780 30781 30782 ... 33304 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368741 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 3 users with 9 merit deleted.)
death_wish
Member
**
Offline Offline

Activity: 70
Merit: 320

Take profit in BTC. Account PnL in BTC. BTC=money.


View Profile
June 10, 2022, 08:09:51 PM

Newsflash:  INFLATION IS HIGH.*  Surprise!  Reaction:  SELL THE DEFLATIONARY CURRENCY, TO BUY THE INFLATIONARY CURRENCY!

Makes sense.  To the average “Bitcoin investor” nowadays.

This is the least problem with letting people think of Bitcoin as sort of like a stock.


* Assuredly much higher than the heavily manipulated CPI numbers show.  What kind of an idiot believes the CPI numbers?  The kind who reacts to high dollar inflation by spending more money (BTC) to buy dollars.
Whoever mines the block which ends up containing your transaction will get its fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714276077
Hero Member
*
Offline Offline

Posts: 1714276077

View Profile Personal Message (Offline)

Ignore
1714276077
Reply with quote  #2

1714276077
Report to moderator
1714276077
Hero Member
*
Offline Offline

Posts: 1714276077

View Profile Personal Message (Offline)

Ignore
1714276077
Reply with quote  #2

1714276077
Report to moderator
Gachapin
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1840


bitcoin retard


View Profile
June 10, 2022, 08:20:08 PM

This is what happened last time in 2018 when Hash Ribbon - Capitulation occurred on $BTC. Price went down 50%.
image loading...


Let me guess... 

... if that dip occurs, you will be the "I-told-you-so-guy" rubbing in everyone's face how your TA skills let you foresee these things...

And if it doesn't occur, you will just go on with business, as if nothing ever happened...

Gachapin
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1840


bitcoin retard


View Profile
June 10, 2022, 08:29:34 PM

Newsflash:  INFLATION IS HIGH.*  Surprise!  Reaction:  SELL THE DEFLATIONARY CURRENCY, TO BUY THE INFLATIONARY CURRENCY!

Makes sense.  To the average “Bitcoin investor” nowadays.

This is the least problem with letting people think of Bitcoin as sort of like a stock.


* Assuredly much higher than the heavily manipulated CPI numbers show.  What kind of an idiot believes the CPI numbers?  The kind who reacts to high dollar inflation by spending more money (BTC) to buy dollars.


Selling BTC for $ seems so irrational right now, that in my tinfoil mode I tend to think "someone" manipulates the price down, so that Bitcoin doesn't appear as the goto place in this inflationary environment..

...or maybe that "someone" wants to get in as cheap as possible
death_wish
Member
**
Offline Offline

Activity: 70
Merit: 320

Take profit in BTC. Account PnL in BTC. BTC=money.


View Profile
June 10, 2022, 08:49:40 PM

Newsflash:  INFLATION IS HIGH.*  Surprise!  Reaction:  SELL THE DEFLATIONARY CURRENCY, TO BUY THE INFLATIONARY CURRENCY!

Makes sense.  To the average “Bitcoin investor” nowadays.

This is the least problem with letting people think of Bitcoin as sort of like a stock.


* Assuredly much higher than the heavily manipulated CPI numbers show.  What kind of an idiot believes the CPI numbers?  The kind who reacts to high dollar inflation by spending more money (BTC) to buy dollars.


Selling BTC for $ seems so irrational right now, that in my tinfoil mode I tend to think "someone" manipulates the price down, so that Bitcoin doesn't appear as the goto place in this inflationary environment..

...or maybe that "someone" wants to get in as cheap as possible

Stupidity vs. malice.  Mass-stupidity, versus malice of market manipulators who may not want Bitcoin to compete with the dollar.

Both seem not unlikely.  Why not both?

Perspective:  Frustrating experience trying to explain to “wow, look at the headlines! so I wanna buy Bitcoin now” nocoiners what Bitcoin is—and what it isn’t.

> No, it’s not a stock.  It’s not anything like a stock.  Do you know anything about forex trading?

< But I see in the news that every time the stock market goes up, Bitcoin goes up—every time the stock market goes down, Bitcoin goes down.  It’s an investment just like a stock.

> [head explodes]
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
June 10, 2022, 09:01:26 PM


Explanation
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3738
Merit: 5127


Whimsical Pants


View Profile
June 10, 2022, 09:33:48 PM
Last edit: June 10, 2022, 10:03:24 PM by cAPSLOCK

There is a good chance this represents information asymmetry for us, and a few others...

Or as others have said it could be nonsense...  but I have a funny feeling about this.



Oh yeah... could also be a huge corporate bitcoin takeover.

I don;t know.

Torque
Legendary
*
Offline Offline

Activity: 3542
Merit: 5039



View Profile
June 10, 2022, 09:48:43 PM
Merited by Paashaas (1)


I'm very curious to hear the story/reason that they skipped 'Web4' and went to 'Web5' ??

There is a good chance this represents information asymmetry for us, and a few others...

Or as others have said it could be nonsense...  but I have a funny feeling about this.



If Jack were to say something about that, I think his answer would be that "Bitcoin will be the currency of choice for Web5 transactions."
becoin
Legendary
*
Offline Offline

Activity: 3431
Merit: 1233



View Profile
June 10, 2022, 09:58:09 PM

Looks like we are right on the cusp of a huge downswing (crash?) in freight rates, especially East to West. If it doesn't happen naturally, one more Fed rate hike will definitely send freight rates plunging globally.

What Fed does is not important anymore. The world is different now. The world is fed up with the US dollar and countries holding US treasuries are looking to dump them. Much more important is the Russian ruble as the world is hungry for rubles.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3738
Merit: 5127


Whimsical Pants


View Profile
June 10, 2022, 10:04:39 PM


I'm very curious to hear the story/reason that they skipped 'Web4' and went to 'Web5' ??

There is a good chance this represents information asymmetry for us, and a few others...

Or as others have said it could be nonsense...  but I have a funny feeling about this.



If Jack were to say something about that, I think his answer would be that "Bitcoin will be the currency of choice for Web5 transactions."

There is already a lot of scuttlebut about the role of identity in Web5/BTC.  People basically griping that perhaps this will be the mega-super-mondo-utra KYC tool.

What a rug pull on the part of jack, if that is the case...

But if he is above board, and the projects go the right direction... man this is going to show Brian Armstrong what it felt like to be Yahoo.

That's why I saw this is info asymmetry...  I wonder what SQ is gonna do, stonk wise.  This might be where SQ and COIN became the flippening that has been prophesied from old...  Because you know, the PROTOCOL is not being replaced.  But the best company building on it?  I think we might be seeing that torch handed off.

ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
June 10, 2022, 10:04:53 PM


Explanation
danadc
Sr. Member
****
Offline Offline

Activity: 952
Merit: 296



View Profile WWW
June 10, 2022, 10:16:07 PM

Hello guys, I have been reviewing articles and reading opinions, so far everything has been Bearish style news and Bearish predictions, I stay with this Conitlegraph article:

Quote
Insight into what it would take to avoid a pullback to the support at $28,000 was provided by market analyst and pseudonymous Twitter user CrediBULL Crypto, who posted the following chart showing the “unfortunate” retrace from $30,000, the area. The analyst suggested that this “was the moment where we needed to see follow through.”



Quote
“On support, but it's been tested four times now, so more likely it gives way to $28K. IF we can get back above $30K, then $28K may be avoided.”

Source: https://cointelegraph.com/news/bitcoin-altcoins-sell-off-on-record-high-inflation-but-traders-still-expect-btc-to-consolidate

Any indicates that $ 28K is the limit for it to rise or fall in price, but I do not know how reliable this is, it is obvious that they are analyzing in the short term, but if the whales decide to rise in price to $ 35K, I do not think that Lower the $ 30K, and $ 30K is a psychological level.
empowering
Legendary
*
Offline Offline

Activity: 1078
Merit: 1441



View Profile
June 10, 2022, 10:36:19 PM
Merited by xhomerx10 (1)




https://youtu.be/1lwdsjyKbKg
death_wish
Member
**
Offline Offline

Activity: 70
Merit: 320

Take profit in BTC. Account PnL in BTC. BTC=money.


View Profile
June 10, 2022, 11:01:21 PM


You missed my point.  That's OK My point was not super clear.  But in the very next line (I think) I mention, with less detail, the existence of issues.

Thanks for your courteous response.  Due apologies for having misinterpreted you:  Your post came right after mine, and I filled in the blanks a bit in trying to figure out what you meant.

I will here reply only to a few points you raised—not to chop up what you said or to take it out of context, but because they are interesting points to discuss.

[...] I think we are somewhat blind to the magnitude of achievement that Satoshi whoever he/she/they are/were.  Not with the specifics, but with the broad brush.  

I am not blind to it.  I view Satoshi’s achievements with a mixture of awe, and kicking myself with “why didn’t I think of that?”—for as so many truly great achievements, the creative idea of repurposing Hashcash to resolve a distributed consensus separate from a currency token looks obvious in hindsight.  Only in hindsight—only when we know the answer.  Before that, the question looks impossible—if we even know the right question to ask, as so often we don’t.  Someone had to see what nobody did.  Every invention that we take for granted started out as one individual’s vision to make the impossible a reality.

It is nowadays fashionable in some quarters to deprecate those achievements.  People who couldn’t and didn’t think of it will demand humility, and impose a pretense that everyone is just like everyone else—a mass of precious snowflakes.  Petty hatred befalls those who stand apart from the crowd, and worse unto geniuses.  Such jealousy is horrifically ugly.  I do not want anyone to misinterpret me as belittling or minimizing Satoshi’s achievements.

On the other hand, I balance that against (a) also properly recognizing the achievements of those who have come after Satoshi, and (b) avoiding the type of Satoshi-worship that leads to bad ends—in the worst case, opening the opportunity for imposters to gain instant followers by claiming “Satoshi’s Vision”.

For comparison, in the sciences, I have seen some debate about the proper place of, say, Isaac Newton.  I have seen arguments to the effect that Newton wasn’t so great, after all—that physics is just something that emerges from many different minds, without needing an occasional push by a giant.  I find that objectionable.

I recognize Newton as having advanced the state of the art in ways that no one else did at the time.  I accord him his proper place in history.  But I don’t see Newton as some sort of a god.  I recognize that his achievements are, by today’s standards, quite rudimentary—they even seem primitive.  They seem that way, because he laid new foundations in classical mechanics on which others later built great edifices.  I greatly admire those who came after Newton, too.

So as with Satoshi.

My analogy of Satoshi to Newton probably indicates that I am not blind to the magnitude of his achievements.

[...] I would think there would need to be a lot of testing done even before it got to the point it was before the genesis block.  And sometimes I wonder if a team of folks was indeed behind it... And that LOTS of work was done before the initial release...  I just find it astonishing what Sartoshi managed to do.

I doubt the widespread theory of a Satoshi team.  His work bore too much the imprint of one individual’s hands; and moreover, he made mistakes that a well-resourced professional team would probably avoid.  For example, I think that any hypothetical “Team Satoshi” would probably have at least one professional cryptographer onboard.  A cryptographer would not have designed a protocol with malleable transactions—yes, I will keep harping on that!  It is a known class of vulnerability.  If you familiarize yourself with the development of open-source cryptographic protocols, you will find public discussions in which professional cryptographers actively search for malleability of authenticated messages in their own work; where it matters (and it does matter here), they treat it as a serious security flaw.  This indicates to me that Satoshi was probably a lone individual who was not himself a professional cryptographer, and who was working in isolation before he announced Bitcoin to the world.

Bitcoin’s design also has some idiosyncrasies—for example, the obsessive use of double-hashing everywhere.  It is mostly harmless, and much less annoying than the urban legends about why Bitcoin does that.  (I have been intending to rebut that nonsense in the tech forum:  It cannot be to protect against length extension attacks in places where length extension attacks would be impossible.)  The simple answer—in my opinion, the most likely answer:  Double-hashing is just the type of thing that an amateur cryptographer, even an intelligent one, may do to try to strengthen the system.  (I make that judgment while acknowledging my own status as “not a Real Cryptographer(TM)”:  Fools know it all, but wisdom is to know one’s own limitations.)

It is remarkable that one individual took on a project of this scope, and completed it all the way to a functional alpha release by himself.  Remarkable—but not impossible, and not even improbable if we recognize that Satoshi was smart, motivated, self-disciplined, and hardworking.  There exist other projects of large scope that were created by one non-anonymous individual alone.  Most people can’t pull that off—some people can.

At that, indeed, I think that assuming it was group work unfairly minimizes Satoshi’s achievement.  Of course, I can’t prove it wasn’t a group effort—but I think it was done by one alone, by one with much higher abilities than most people have.  If you assume he was at least in the top 0.1% of talent, a very low standard for someone who makes an historic achievement, then it is not even surprising that he did it alone.

I am not sure if your point about cult like stuff had anything to do with my odd post.

It came right after my post on that subject, exuded hostility towards an unspecified party, and said in what seemed to me to be quasi-religious terms that Satoshi’s creation of Bitcoin was “miraculous” (quote-unquote).  I looked around at other posts, puzzled over it for awhile, then decided that you must be arguing with me.  If I misinterpreted that, my misunderstanding was understandable.

But I would agree that is not helpful.  MP was a weirdo.  And similarly the various scammers in crypto have leveraged that kind of stuff for their gain.  I am not terribly comfortable when people talk about Bitcoin as if it were a new religion...

Agreed.  Especially when someone does New Age style pitching the woo about “the Bible, The Vedic Samhitas, The Tao Te Ching”, then turns to preaching that Bitcoin is a blind, irrational leap of faith.  (Well, he didn’t put it that way.  I am translating the essay to more honest terms.)

But you must make one exception for me.  My esoteric knowledge of divine Bitcoin is the One True Way!  Margin-buying sinners, be forewarned of Bitcoin’s wrath! Wink

Bitcoin, please forgive me.
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
June 10, 2022, 11:04:53 PM


Explanation
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
June 11, 2022, 12:03:35 AM


Explanation
death_wish
Member
**
Offline Offline

Activity: 70
Merit: 320

Take profit in BTC. Account PnL in BTC. BTC=money.


View Profile
June 11, 2022, 12:53:06 AM

What concerns me:  Bitcoin hovered generally around $39k–41k for awhile, sometimes dipping to the $38k range and sometimes jumping as high as $42k, in the time period before it was very suddenly pushed down to $30k and below.  (Note use of passive voice.)

Now, $10k lower...

(No 3 Buddies.)
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
June 11, 2022, 01:04:53 AM


Explanation
Gachapin
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1840


bitcoin retard


View Profile
June 11, 2022, 01:11:28 AM

What concerns me:  Bitcoin hovered generally around $39k–41k for awhile, sometimes dipping to the $38k range and sometimes jumping as high as $42k, in the time period before it was very suddenly pushed down to $30k and below.  (Note use of passive voice.)

Now, $10k lower...

(No 3 Buddies.)

Similar stuff was going on for about a month in the 49k range, after we came down from the ATH
death_wish
Member
**
Offline Offline

Activity: 70
Merit: 320

Take profit in BTC. Account PnL in BTC. BTC=money.


View Profile
June 11, 2022, 01:33:05 AM

What I don’t get is why the dollar is having a bull-run bubble during a period of stagflation.

It must be because people are pricing things backwards.  Solution:  Get our thinking straight.  I will now start to flame anyone who gets quote/price currencies backwards—starting with Buddy, that stupid robot.

1 US dollar is currently worth 3,420 sats

DatePricePercent Change
——————————————————————
1 year ago2,726 sats+ 25.000%
2 years ago10,276 sats- 66.719%
3 years ago12,636 sats- 72.934%
4 years ago14,541 sats- 76.480%
5 years ago33,986 sats- 89.937%
6 years ago172,673 sats- 98.019%
7 years ago434,747 sats- 99.213%
8 years ago159,259 sats- 97.853%
9 years ago940,291 sats- 99.636%
10 years ago18,287,219 sats- 99.981%

WTF is this bubble?  Why is the USD shitcoin mooning?  Why are people buying tulip bulbs during a severe economic downturn?  Don’t people want to retreat from high-risk depreciating assets and save money?


What concerns me:  Bitcoin hovered generally around $39k–41k for awhile, sometimes dipping to the $38k range and sometimes jumping as high as $42k, in the time period before it was very suddenly pushed down to $30k and below.  (Note use of passive voice.)

Now, $10k lower...

(No 3 Buddies.)

Similar stuff was going on for about a month in the 49k range, after we came down from the ATH

Thanks for the info.  I missed that, because I wasn’t paying attention to the market while my coins were safely in my wallet where they belonged.  Although I later looked back at daily candlesticks for the past year, it’s different than watching shorter candlesticks (hourly, etc.) day by day.


Edit:  Kludge to fix the table.  This forum’s rudimentary table support is ridiculous.
ChartBuddy
Legendary
*
Offline Offline

Activity: 2156
Merit: 1745


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
June 11, 2022, 02:01:20 AM


Explanation
Pages: « 1 ... 30682 30683 30684 30685 30686 30687 30688 30689 30690 30691 30692 30693 30694 30695 30696 30697 30698 30699 30700 30701 30702 30703 30704 30705 30706 30707 30708 30709 30710 30711 30712 30713 30714 30715 30716 30717 30718 30719 30720 30721 30722 30723 30724 30725 30726 30727 30728 30729 30730 30731 [30732] 30733 30734 30735 30736 30737 30738 30739 30740 30741 30742 30743 30744 30745 30746 30747 30748 30749 30750 30751 30752 30753 30754 30755 30756 30757 30758 30759 30760 30761 30762 30763 30764 30765 30766 30767 30768 30769 30770 30771 30772 30773 30774 30775 30776 30777 30778 30779 30780 30781 30782 ... 33304 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!