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

[YourMother]

I need a big supply of REGRETAMINE. Most of the people that didn't give a shit about my bitcoin speeches throughout the years are now aware that bitcoin's value has skyrocketed by 15x.

Ooops, it turns out that ignorance is expensive. On the other hand, we can't all do the same thing. We need wage cucks too. I still remember how you were all laughing at me.

[droizs]

Meanwhile, polo has 7500btc sell order of eth at 0.114 and it's not getting pulled...
Lets see what will happen.

http://i0.kym-cdn.com/photos/images/newsfeed/000/895/845/2f9.jpg

Just got pulled.

Not pulled, bought...

[BlindMayorBitcorn]

Meanwhile, polo has 7500btc sell order of eth at 0.114 and it's not getting pulled...
Lets see what will happen.

http://i0.kym-cdn.com/photos/images/newsfeed/000/895/845/2f9.jpg

Just got pulled.

Not pulled, bought...

Nobody buys 3000 BTC worth of anything on Polo. You can bet it was whoever put it there.

[Elwar]

This talk of doubling times is my cue to weigh in with an update, calling it as I sees it.

The bull mode begun mid-2015 is clearly in full flight, we crossed $1500 conclusively around May 1 and now it seems like $3000 will form a base soon enough. So doubling period is currently ~6 weeks. Given that, the blow-off of this adoption wave likely has 2~3 doublings left, final top still targetting around 10-12k near end of July.

I refuse to call these bull runs "bubbles" as that is incorrect. Bubbles form once and then the speculative asset is sold down to worthlessness. After each major pullback the bitcoin market capitalisation (total float value) has never dropped below it's previous top in major fiat denominations. I just cannot believe how even respected Elliot wave analysts have fallen into the mind-trap of incorrectly referring to these bitcoin adoption waves as "bubbles".

The key thing to remember is that all of these people buying right now will likely not be buying during a year or two of dropping prices. They want the quick buck and are not thinking long term. I was on a "financial independence" reddit forum where people talk about investment strategies to get to financial independence and a few are talking about how close they are and how they are considering investing in bitcoin to get them over the top.

Just more opportunity for me to buy their cheap coins like I did during the last bear market.

[BlindMayorBitcorn]

My grandmother is using Zcash to purchase her knitting supplies. The whole system is out of order.

[podyx]

My grandmother is using Zcash to purchase her knitting supplies. The whole system is out of order.

[xhomerx10]

I need a big supply of REGRETAMINE. Most of the people that didn't give a shit about my bitcoin speeches throughout the years are now aware that bitcoin's value has skyrocketed by 15x.

Ooops, it turns out that ignorance is expensive. On the other hand, we can't all do the same thing. We need wage cucks too. I still remember how you were all laughing at me.

Image redacted

 Perhaps you aren't aware that people of low self-esteem are more like to experience schadenfreude.  If you've done well by bitcoin, take pleasure in that rather than the misfortune of those who didn't listen to you.  Otherwise, they still win.

[Bitcoinaire]

It looks like we should break through $3000 within 6 to 12 hours.

[JimboToronto]

We need wage cucks too.

Work, curse of the drinking class. -Oscar Wilde

 

[yefi]

Perhaps you aren't aware that people of low self-esteem are more like to experience schadenfreude.  If you've done well by bitcoin, take pleasure in that rather than the misfortune of those who didn't listen to you.  Otherwise, they still win.

Hm? The guy spent most of his time as I recall ridiculing Bitcoin and insulting everyone in sight like an autistic tourettes kid.

[bitserve]

It looks like we should break through $3000 within 6 to 12 hours.

If you are talking about Bitstamp breaking $3000 it will probably happen much sooner. In a couple hours deposits will start to be credited.

[bitserve]

I am having a hard time doing that. Any time I pick up a coin or ICO and do some research about it all that I found out is rubbish behind it. Yet they still keep rising. It looks like a fucking gamble to me.

You do what I believe is called "Value Investing". Not so much the fundamentals of a coin, but the team or devs behind it, what they promise to do, and what the public thinks about them, or what you think the public thinks about them (you can't really tell.) You try to predict which one will rise. Get in the mind of the pump and dumpers, without being them. I mean, I don't participate in the troll box or other forums, but I read them all, or mostly.

In short, it is gambling. LOL. Sorry. My so called "equivalent" 50 BTC is now 70, but as you or someone else has pointed out, it is not yet realized, so ... I better trade some of these back to BTC soon.

Yes, it looks like value investing is worthless here. Probably that primalbase shit will be get a good pump because of the people behind it. I mean, none of them have any practical espertise in real state investments, they are all "ethereum specialists" but the name, the idea, the people sound good so maybe it is something stupid people will buy like crazy. I would never invest in anytthing like that as a real business, but maybe I can throw some spare FIAT into it and exit in the middle of the expected (?) pump for more BTC.

NOw there's that other ICO by Vinny Lingham, Civic... the idea is ok.... but the numbers? So they expect to get $33 million for 33% of the coins.... that means $100 million for a fucking simple "identity verification blockchain"? Something that could be done with just 1 million.... But we are gambling, not really investing in real business, so.... ok, maybe another little bit of change into it....  I am starting to feel like in Las Vegas now

[Richy_T]

I am starting to feel like in Las Vegas now

Baby needs a new pair of keys.

[Elwar]

I am having a hard time doing that. Any time I pick up a coin or ICO and do some research about it all that I found out is rubbish behind it. Yet they still keep rising. It looks like a fucking gamble to me.

You do what I believe is called "Value Investing". Not so much the fundamentals of a coin, but the team or devs behind it, what they promise to do, and what the public thinks about them, or what you think the public thinks about them (you can't really tell.) You try to predict which one will rise. Get in the mind of the pump and dumpers, without being them. I mean, I don't participate in the troll box or other forums, but I read them all, or mostly.

In short, it is gambling. LOL. Sorry. My so called "equivalent" 50 BTC is now 70, but as you or someone else has pointed out, it is not yet realized, so ... I better trade some of these back to BTC soon.

Yes, it looks like value investing is worthless here. Probably that primalbase shit will be get a good pump because of the people behind it. I mean, none of them have any practical espertise in real state investments, they are all "ethereum specialists" but the name, the idea, the people sound good so maybe it is something stupid people will buy like crazy. I would never invest in anytthing like that as a real business, but maybe I can throw some spare FIAT into it and exit in the middle of the expected (?) pump for more BTC.

NOw there's that other ICO by Vinny Lingham, Civic... the idea is ok.... but the numbers? So they expect to get $33 million for 33% of the coins.... that means $100 million for a fucking simple "identity verification blockchain"? Something that could be done with just 1 million.... But we are gambling, not really investing in real business, so.... ok, maybe another little bit of change into it....  I am starting to feel like in Las Vegas now

I used to do modeling and simulation of military networks and was given a new MOSPF (Multicast Open Shortest Path First) protocol that was supposed to be superior to the network standard used at the time to create a model of and simulate against the standard model. I worked on these models for months and finally compared the two and found that the new protocol was far superior. I immediately invested in the company that owned the protocol figuring this was a great advance in networking. I invested when the stock was at $2. I cashed out when I wanted to close my Scottrade account at a few pennies. Fortunately I only invested $1k. It was also about the time of the dotcom bubble popping so there's that...

[bitserve]

I am starting to feel like in Las Vegas now

Baby needs a new pair of keys.

What does that mean? Is it some sort of english joke or something?

[xhomerx10]

Perhaps you aren't aware that people of low self-esteem are more like to experience schadenfreude.  If you've done well by bitcoin, take pleasure in that rather than the misfortune of those who didn't listen to you.  Otherwise, they still win.

Hm? The guy spent most of his time as I recall ridiculing Bitcoin and insulting everyone in sight like an autistic tourettes kid.

 Yeah, he seems to be a troubled soul.

[Richy_T]

I am starting to feel like in Las Vegas now

Baby needs a new pair of keys.

What does that mean? Is it some sort of english joke or something?

It's a mashup between a classic line referencing gambling from an old movie and the cryptographic concept of key pairs.

(Edit: It appears the phrase may date back more than 100 years)

[BlindMayorBitcorn]

Apparently young black soldiers during the late stages of the First World War used craps lingo (also known as African Billiards at the time), and included in their patter "Baby needs shoes!"—and that at least some young white American soldiers understood the lingo well enough to record it accurately for a predominantly white audience.

https://english.stackexchange.com/questions/334089/baby-needs-a-new-pair-of-shoes

[Asrael999]

I am starting to feel like in Las Vegas now

Baby needs a new pair of keys.

What does that mean? Is it some sort of english joke or something?

It's a mashup between a classic line referencing gambling from an old movie and the cryptographic concept of key pairs.

(Edit: It appears the phrase may date back more than 100 years)

Agreed; or it could be someone wants another Lambo..

[becoin]

No problem. Just keep hitting that money button. I'm starting to feel sick.

You have a problem. You don't have bitcoins.