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

[sirazimuth]

will chickun arise in the year of the chicken?

It's not the year of the chicken, it's the year of the cock.

... year of the cuck ... ask roach about chicomm cucks.

huh! i guess i'll have to .. google gave me some really phucked up results...

[GBattaglia]

rant

Well I suppose as a German you have learned from your history 

 
i haven´t seen that one. spot on.

(i guess this happens when you genuinely ask yourself what the fuck has happened to your grandma and grandpa that made them kill millions of completely innocent people industrial style efficiently as if it was an engineering task. they were either all coldblooded sinister killers or blinded by inhuman indoctrination. i do not know the answer, but i know that if indoctrination played a role it was exactly the kind of ideology that this fucking nazi is pouring into here and that gets discussed and quoted as if it was some technicality.

I too have been shocked no one had spoken up.

Just assumed it was all Americans here who are (since we in the Trump era) more relaxed about extreme right wing thuggery.

American here: Frankly I was a bit taken back no one pointed out what was being said here.

[Paashaas]

Year of the rooster, cucks.

The rooster is the god of wealth  

[JayJuanGee]

So how long until PBOC tries to squash this rally too? 

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

Now, regarding our present situation, it seems that we are experiencing a lot more upwards steam than I even thought was going to be possible.

I had thought that $1k was going to be more difficult to break through this time (as compared with early January); however, based on recent price performance and movement, it is looking like we are having a lot more steam and a lot more upwards price generation...

Sure, such upwards price pressures could stop at any time, but at the moment, it is looking pretty decent that we are having a pretty decent chance to at least get into the $1050 plus arena within the next days or maybe a bit longer than that.... but, looking good, looking good... dare I say too much?  

[Genesis1337]

So how long until PBOC tries to squash this rally too? 

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)

[JayJuanGee]

will chickun arise in the year of the chicken?

It's not the year of the chicken, it's the year of the cock.

Maybe the year of the Cock will be even luckier than the year of the Monkey. 

[Insert green shooting rocket dildo, here]   

[Genesis1337]

So how long until PBOC tries to squash this rally too? 

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)

once upon a time.
bitcoin was on fire, 15 daily greens in a row.
then on the 16th day, it looked toppy.
some one cried out " IT'S GONNA BE A RED DAY!!!!!!!!!! "
it turned slightly red.
everyone panicked.

this is based on a true story.

lul ( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)

[Genesis1337]

So how long until PBOC tries to squash this rally too?  

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)

Bullshit, BTC dropped after they reached the target of 8888 CNY, I watched it. This was all prior to any news FUD. Go read a chart or something

>go read a chart or something
yea ok, thanks for opening my eyes. maybe btc will return to it's true value of $0.00! xD

[sidhujag]

Perhaps at $10000 you will consider it a store of value rather than a processor.

You're just being irrationally biased now.  Everyone knows metals are more fungible, more anti-fragile, and less counter party risk.  This means Bitcoin can never dethrone metals as a store of value or hope to compete with them on Exter's pyramid.  If you're acting as a settlement layer, you're attempting to compete with metals as a store of value and Bitcoin CANNOT do it.  This means Bitcoin has to derive value more from raw transaction flow and being a payment processor instead.  

This is why I think Bitcoin probably doesn't have a value proposition without large scaling.  The lightning network claims to be able to do that, but I'm not convinced it can do so in a decentralized manner when economy of scale already forces centralization in the base bitcoin network in the first place.  Bitcoin did not "solve" the decentralization problem.   Bitcoin is a centralization problem waiting for someone to solve it.

As for solving that centralization problem, to do so you would likely need to engineer it so it's impossible to practice usury in bitcoin.  The only way I can think of to do that is either unprofitable PoW (which probably can't work in practice), or by some really exotic system of decentralized captchas where anyone attempting to solve blocks requires manual human intervention and can't be automated on cruise control via CPUs as I talked about in the thread below.

You cannot have decentralization without engineering bitcoin so automated usury is impossible

https://bitcointalk.org/index.php?topic=1700073.0

Whether you believe "god" is a person, quantum fluctuation, whatever, metals are a blockchain created by "god"; bitcoin is a blockchain created by people.  The blockchain created by people can never compete because it will always have more flaws or side channel attacks that render it useless.  I have a feeling anything blockchain related will forever be a Rube Goldberg machine that claims to accomplish some type of task, but in reality fails to accomplish that task (decentralization) while doing it an extremely complicated manner.

Can you prove your first statement? Ive already debunked your exters pyramid you keep bringing up. It is a better store or value it just suffers from phsycological issues of holding a mathematical proof instead a heavy immovable object such as gold. Bitcoin is not a processor and does not have to compete to be one. Once it rises a bit people will open up to holding the proof instead of an iou of gold which is required because people are not capable of storing their wealth in gold in any meaningful manor... proof > iou. Qed.

[PoolMinor]

So how long until PBOC tries to squash this rally too?  

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)

Bullshit, BTC dropped after they reached the target of 8888 CNY, I watched it. This was all prior to any news FUD. Go read a chart or something

>go read a chart or something
yea ok, thanks for opening my eyes. maybe btc will return to it's true value of $0.00! xD

They never made any announcement saying they were investigating any exchange, you will notice the only "news" agency reporting such were Bitcoin affiliated sites.

http://shanghai.pbc.gov.cn/fzhshanghai/113571/3230012/index.html

"Urged the platform in accordance with relevant laws and regulations to carry out self-examination and the corresponding clean-up and rectification."

[Killerpotleaf]

maybe an infographic will help.. 1 min

[JayJuanGee]

So how long until PBOC tries to squash this rally too?  

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)

You can read the matter however however you like, and there is nothing wrong with folks having differing opinions regarding causation and betting or their views accordingly.

However, each of us should be cautious in our own thinking regarding correlation and causation, and even the consideration of multiple causal factors, rather than coming up with explanations that are overly simple or give too much weight to an event that may have been a trigger but just in a kind of coincidental way rather than a meaningful way.

So how long until PBOC tries to squash this rally too?  

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)

Bullshit, BTC dropped after they reached the target of 8888 CNY, I watched it. This was all prior to any news FUD. Go read a chart or something

>go read a chart or something
yea ok, thanks for opening my eyes. maybe btc will return to it's true value of $0.00! xD

When you are spouting out nonsense like this (True value of bitcoin = $0), then you do not deserve to be taken seriously.

[Genesis1337]

So how long until PBOC tries to squash this rally too?  

I don't really think that the Chinese squashed the last rally.

O.k.  sure there was some about a 30% correction that happened to come with the announcement and the FUD spreading, but the reality of the matter is that some of that correction was already due.. whether it was the chinese excuse or some other excuse for a correction.. did not really matter too much, there was a kind of need for a correction... so no need to get panties in a twist over figuring out exact causation.

BTC literally dropped as soon as PBOC made the announcement that they were going to investigate those major exchanges. That 30% drop could not be more directly related the PBOC squashing the rally. If that did not happen, btc could potentially be at a $20 billion market cap by now. ppl around the world are waking up ( ͡° ͜ʖ ͡°)

Bullshit, BTC dropped after they reached the target of 8888 CNY, I watched it. This was all prior to any news FUD. Go read a chart or something

>go read a chart or something
yea ok, thanks for opening my eyes. maybe btc will return to it's true value of $0.00! xD

They never made any announcement saying they were investigating any exchange, you will notice the only "news" agency reporting such were Bitcoin affiliated sites.

http://shanghai.pbc.gov.cn/fzhshanghai/113571/3230012/index.html

"Urged the platform in accordance with relevant laws and regulations to carry out self-examination and the corresponding clean-up and rectification."

OK so? if u still believe the correction came because "muuh 8888CNY technical analysis" then you're delusional

[Genesis1337]

>charts
not even once

[Killerpotleaf]

[Genesis1337]

11/10 lol

[PoolMinor]

[imghttps://s28.postimg.org/wka0dktjh/tradingbitcoinmeme.png[/img]

BelieveItOrNotButWhatYouIllustratedFollowsMostChartsOfThe3sAnd5sCycle.After3Ups ItIsDueForCorrection.

[600watt]

<evasiveness>

True or false? If we are having this conversation then this is a question that can not be avoided. Is peace a temporary situation between two wars or not? Is it a permanent thing? What will it be?

I asked you a simple question and you keep avoiding it. Why?

i dont see any relevance in your little distraction that "can not be avoided". wars are temporary situations between times of peace the same way as peace could be viewed as a temporary situation between times of war. so now we accomplished the monumentous historic insight that war and peace are taking turns.

please answer my question now about the valid reasons for killing innocent kids. I really really want you to tell me.

Edit: typo

[egghead123]

This is a neural forecast where the candles are the future projected movements and the pink line is the future trend etc.Trend box also at the bottom of each chart shows green arrows for positive trend and red downtrend.Only readdings over 70% are to be considered reliable.The prediction starts at the vertical broken gold line on each chart.There is a 4 hour short term/Daily medium term and weekly longer outlook.


BTCUSD, H4, 2017.02.01



BTCUSD, D1, 2017.02.01



BTCUSD, W1, 2017.02.01

[Karartma1]

Come guys let's get over it