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

[york780]

Hold strong my friends

In the end, only the holders remain. If thats a good thing, I dont know

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[r0ach]

Lol.
Gold bugs panic (in the comments) when mike maloney says there's a place in the prepper's portfolio for bitcoin.

https://www.youtube.com/watch?v=iCPeQyA_jug

Take that with a grain of salt because people like Mike Maloney, Peter Schiff, Steve St. Angelo (SRSRocco), Bix Weir, and most of these people you find in metals know barely anything about bitcoin.  I've talked to several of them before.  Most of them have a small amount "just in case" as a hedge and that's about all their relation to bitcoin is.  Bitcoin also seems to have done a great job of advertising itself as having no drawbacks whatsover and is kind of getting by with false information at this point in regards to things like decentralization when no Nash equilibrium even exists.  

Nobody in metals dives into any issues like that, or the various selfish miner attacks, rough consensus attacks, failure of convergence without a block reward, ASICboost, LN routing, Chinese cartels, amongst millions of other issues in bitcoin.  Most people buying bitcoin today seem to not know any of the problems surrounding it at all and think it's some perfect system designed by god and would go to infinite dollars assuming the state wasn't in the way.

Or, the realization creating a "decentralized" currency is probably not even possible without the ability to make something like decentralized captchas where mining requires manual human intervention, otherwise it's just externalized proof of stake in practice - a Rube Goldberg machine that doesn't solve anything.  If you can extract money from people simply by amassing a large amount of capital and using that advantage against them making it where they can't compete or they're forced to buy from you, that's called rent seeking usury, not decentralization.

[JayJuanGee]

Meanwhile, medium term double top forming...

And what is that supposed to mean?  

We have been at the top for almost 4 months.. yeah, there have been a couple of dips in there, but we are floating in topsie territory, and in bitcoin land, what does it mean?

I doubt that you can really use traditional technical analysis -  in order to understand where we are going next.

Surely, I would love to get a bit of another correction - because there have only been a couple of corrections in the past four months - and I am feeling like I have too much cash and not enough bitcoin for when this bad boy leaves the rocket docket.  

Wekkel - I think what JJG wanted to say was "Please show your work".

JJG - 4 sentences, could have been 4 words. Seriously dude calm the fuck down. Try to be less verbose and less emotional and you'll find people engage more.

   

Thank you so much for your thoughtful suggestions, Simmo77.  NOT

who would have thunk that I could have achieved my objective with 4 words?   fucking retard.... I used exactly how many words I wanted to use at the time that I wrote the post and in those circumstances to say what I wanted to say.   

If it is not true? why not?  . how the fuck would you know what I wanted to say and how I wanted to say it?   Each of us has different ways of saying things and we choose accordingly. 

Oh, no?  You have some kind of superior vision regarding how to say things and how many words should be used to accomplish such?   

Your guidance is likely to help me in my supposed ongoing quest to improve my style and figuring out how to better express myself for my of course obvious  purposes of achieving more meaningful relations and "engagements" on the interwebs, right?   

[JayJuanGee]

Meanwhile, medium term double top forming...

And what is that supposed to mean? 

I'll translate for you:

I've sold my bitcoins for altcoin crap. I feel better if I'm a millionaire of... well, whatever. But bitcoin price is unwilling to drop and now I'm starting to panic.

Hahahahahaha


Exactly!!!!    That is a pretty decent ballpark translation regarding what Wekkel was saying.

[soullyG]

Thank you so much for your thoughtful suggestions, Simmo77.  NOT

who would have thunk that I could have achieved my objective with 4 words?   fucking retard.... I used exactly how many words I wanted to use at the time that I wrote the post and in those circumstances to say what I wanted to say.   

If it is not true? why not?  . how the fuck would you know what I wanted to say and how I wanted to say it?   Each of us has different ways of saying things and we choose accordingly. 

Oh, no?  You have some kind of superior vision regarding how to say things and how many words should be used to accomplish such?   

Your guidance is likely to help me in my supposed ongoing quest to improve my style and figuring out how to better express myself for my of course obvious  purposes of achieving more meaningful relations and "engagements" on the interwebs, right?   

I think it's more an effort to reduce the amount of back and forth posts between yourself and some other posters, that seems to stem solely from your lack of willingness to be concise..Improving your online relations is a happy byproduct..

TL;DR: maybe people would argue less with you if they didn't have to read 3 paragraphs to understand what the hell you meant

[JayJuanGee]

Thank you so much for your thoughtful suggestions, Simmo77.  NOT

who would have thunk that I could have achieved my objective with 4 words?   fucking retard.... I used exactly how many words I wanted to use at the time that I wrote the post and in those circumstances to say what I wanted to say.   

If it is not true? why not?  . how the fuck would you know what I wanted to say and how I wanted to say it?   Each of us has different ways of saying things and we choose accordingly. 

Oh, no?  You have some kind of superior vision regarding how to say things and how many words should be used to accomplish such?   

Your guidance is likely to help me in my supposed ongoing quest to improve my style and figuring out how to better express myself for my of course obvious  purposes of achieving more meaningful relations and "engagements" on the interwebs, right?   

I think it's more an effort to reduce the amount of back and forth posts between yourself and some other posters, that seems to stem solely from your lack of willingness to be concise..Improving your online relations is a happy byproduct..

TL;DR: maybe people would argue less with you if they didn't have to read 3 paragraphs to understand what the hell you meant

That makes little sense.

You are saying that people like to argue with me because they don't understand what I am saying....

Contrary, if they cannot figure it out, then maybe they should hold back from interacting within a presentation that they do not understand, no?

Interact with the substance that you understand.. that should be common sense, no?

For example, I see a lot of nonsense from one poster who likes to rant in long posts about a variety of racial matters and pumps various PMs and has a lot of nonsensical theories and world views to connect these ideas.  Yeah, every once in a while I might engage with those long-ass and stupid non-sensical posts; however, for the most part, I choose to refrain from posting, either because I do not understand what the fuck he is talking about or because I find his ideas quite separated from my way of thinking about the world.  

Am I making sense, or do you want to continue to argue, try to change another person on the interwebs and to give advice about something that is not too likely to change, anyhow?    

[julian071]

Hold strong my friends

Nah. I sold a third of my stash. Bought a big ass OLED TV and placed a low buy order.

[york780]

Hold strong my friends

Nah. I sold a third of my stash. Bought a big ass OLED TV and placed a low buy order.

Well played. I want to buy an nice car from my profit of the last couple months. Ford mustang or a mercedes. Still not figured that out yet. Its good to take profit some times.

[gembitz]

$1300 touching upwards momentum~~~ let's blast through to 1337!!! :-D

[york780]

$1300 touching upwards momentum~~~ let's blast through to 1337!!! :-D

Yes, lets crush some resistance 

[gentlemand]

Well played. I want to buy an nice car from my profit of the last couple months. Ford mustang or a mercedes. Still not figured that out yet. Its good to take profit some times.

Golly, you people are high rollers. So far this month I have purchased a light for Kindle with my crypto windfall. And it's pink.

[york780]

Well played. I want to buy an nice car from my profit of the last couple months. Ford mustang or a mercedes. Still not figured that out yet. Its good to take profit some times.

Golly, you people are high rollers. So far this month I have purchased a light for Kindle with my crypto windfall. And it's pink.

Dont worry. When BTC scales we can retire both.

[bitebits]

Hold strong my friends

Nah. I sold a third of my stash. Bought a big ass OLED TV and placed a low buy order.

Well played. I want to buy an nice car from my profit of the last couple months. Ford mustang or a mercedes. Still not figured that out yet. Its good to take profit some times.

I think Julian is more into motorbikes if I remember correctly, how many 1/3 parts does his stash have 

[gembitz]

$1500x$2000= "street price"   ~lock and load !! woot

[julian071]

Hold strong my friends

Nah. I sold a third of my stash. Bought a big ass OLED TV and placed a low buy order.

Well played. I want to buy an nice car from my profit of the last couple months. Ford mustang or a mercedes. Still not figured that out yet. Its good to take profit some times.

I think Julian is more into motorbikes if I remember correctly, how many 1/3 parts does his stash have 

Haha you remember correctly! I have 1/3 left, plus the fiat that is waiting in a low buy order.

[Genesis1337]

$1300 touching upwards momentum~~~ let's blast through to 1337!!! :-D

$1337 USD is a very important resistance level   

[Raja_MBZ]

I've a feeling... bitcoin is about to blast the all-time highs very soon!

This time, lets think a bit bigger, think of more than $1500!

[york780]

I need some sleep.
Bless you all, goodnight. 

[bitserve]

I've a feeling... bitcoin is about to blast the all-time highs very soon!

This time, lets think a bit bigger, think of more than $1500!

It will probably be much more than 1500 in next rally... but I am not so sure the time for such rally has come. Maybe BU is already dead, but Segwit/scaling doesn't seem to be happenning in months if not more.

When it happens I think a contributing factor will be all the money that has gone to altcoins which is much faster to convert into Bitcoins than fiat.

But until the scaling issue is solved with utmost consense, 1500 is probably the most we can expect in short term and even that is doubtful.

[rjclarke2000]

Nice to see some bullish chat. Gentlemand on top form as always! Always cracks me up.