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Question: Is this the last time we see sub-$10K?
Yes - 38 (40.9%)
No - 55 (59.1%)
Total Voters: 93

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21533081 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. (142 posts by 32 users deleted.)
yefi
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June 22, 2017, 06:55:17 PM

We are comparing a method of knowledge (science) to a system of belief (faith), which is not known for revising itself based on new evidence.  Even when it does, the “wrongs” are blamed on human interpretation.  Science is all about improving ideas to get closer to the truth, and, in some cases, completely throwing out theories that have been proven wrong.  Furthermore, the claims of religion are virtually all unfalsifiable, thus cannot be proven wrong.  Therefore, comparing religion and science on the basis of falsifiability is a faulty comparison.

Bitcoin isn't a science any more than a Quartz clock is a science. They both apply it, but they are not it. Also, we are not looking at these brands of technologies in and of themselves, but at their dissemination and market value, which very much involves belief, just as it did with preceding forms of money.
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Last of the V8s
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Be a bank


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June 22, 2017, 07:04:05 PM

botstamp
Torque
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June 22, 2017, 07:09:01 PM

Is it me, or does there appear to be some serious effort going on to push down sub 2700?
Raja_MBZ
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It's over $9000!!


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June 22, 2017, 07:15:32 PM

Bitcoin & stability - strange, both things are currently combining. Grin

What's up coming next? A dump or pump?
JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 22, 2017, 08:04:24 PM

Is it me, or does there appear to be some serious effort going on to push down sub 2700?



It's a numbers thingie majigie!!!! 


You know that.    Roll Eyes   Tongue
HI-TEC99
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June 22, 2017, 08:31:18 PM

Bitcoin & stability - strange, both things are currently combining. Grin

What's up coming next? A dump or pump?

Probably months of stable prices. Everyone will be going on holiday soon. The big price moves will probably happen in the Autumn after they are back. When this thread's post rate has dried up to one post a day there's usually a big price move imminent.
Meuh6879
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June 22, 2017, 08:37:42 PM

summer's vacancies are stable ... ?



JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 22, 2017, 08:45:11 PM

Bitcoin & stability - strange, both things are currently combining. Grin

What's up coming next? A dump or pump?

Probably months of stable prices. Everyone will be going on holiday soon. The big price moves will probably happen in the Autumn after they are back. When this thread's post rate has dried up to one post a day there's usually a big price move imminent.


Yeah, but this time is likely going to be different.

First, we have way too many things going on in cryptolandia

Second, we have way too much trade volume going on currently.  Sure, trade volume might dry up, but it does not dry up over night, therefore, before it dries up, we are likely to experience additional volatile movements, which is not the definition of stability.
conspirosphere.tk
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Bitcoin is antisemitic


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June 22, 2017, 08:51:10 PM

BTC Now vs. 2013 by @ECantoni
https://www.tradingview.com/chart/BTCUSD/IX1pOLmC-BTC-vs-2013/

QuantumMiner
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June 22, 2017, 09:49:21 PM


spooky  Shocked
Wekkel
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yes


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June 22, 2017, 10:07:44 PM


Comparing mega bubbly 2013 with soft run up 2016-2017.

I am a little disappointed  Grin
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June 22, 2017, 10:51:07 PM


Comparing mega bubbly 2013 with soft run up 2016-2017.

I am a little disappointed  Grin


Yeah, but the overlap of charts is actually the pre-early 2013 bubble, and I am not sure if that is meant to indicate that we have not even accomplished the first 2017  bubble, yet.

Personally, I believe that it is frequently erroneous to attempt to read too much into such an attempt at overlapping - because we know that there are so many factors that are quite different in this time frame as compared with early 2013 - including development, adoption, alt-space dynamics, hardfork issue, ability to short bitcoin, spread out liquidation options, longer track record at governmental attempts at regulation, and likely several other unnamed but materially influential factors.
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June 22, 2017, 11:00:59 PM

Personally, I believe that it is frequently erroneous to attempt to read too much into such an attempt at overlapping - because we know that there are so many factors that are quite different in this time frame as compared with early 2013 - including development, adoption, alt-space dynamics, hardfork issue, ability to short bitcoin, spread out liquidation options, longer track record at governmental attempts at regulation, and likely several other unnamed but materially influential factors.

And you forgot one more factor. That at that time, 80-85% of all trades were going through a single exchange that later proved to be completely insolvent and likely had been for several years.
HI-TEC99
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June 22, 2017, 11:01:45 PM


Comparing mega bubbly 2013 with soft run up 2016-2017.

I am a little disappointed  Grin


Yeah, but the overlap of charts is actually the pre-early 2013 bubble, and I am not sure if that is meant to indicate that we have not even accomplished the first 2017  bubble, yet.

Personally, I believe that it is frequently erroneous to attempt to read too much into such an attempt at overlapping - because we know that there are so many factors that are quite different in this time frame as compared with early 2013 - including development, adoption, alt-space dynamics, hardfork issue, ability to short bitcoin, spread out liquidation options, longer track record at governmental attempts at regulation, and likely several other unnamed but materially influential factors.

I read old posts where someone tried overlapping the 2011 rally with the spring 2013 rally. The overlap predicted a bear market, not the second winter 2013 rally to over $1000 that actually happened. Nobody knows what's going to happen next.
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June 22, 2017, 11:23:23 PM


And you forgot one more factor. That at that time, 80-85% of all trades were going through a single exchange that later proved to be completely insolvent and likely had been for several years.

I did mention that there are many exchanges now as compared to few exchanges back in early 2013, and even though MTGOX ended up being a significant differentiating factor in early 2014, I am not sure if the particular issues of MTGOX were further differentiating in early 2013 beyond the mere fact that there were fewer entry, liquidation and trading options at that time.

Maybe one additional thing that I forgot to mention, just for you, Torque, is the advances in numerology that have taken place in the past 4 years.. ?  hahahaha   Cheesy    We cannot forget that, amirite?   Wink







I read old posts where someone tried overlapping the 2011 rally with the spring 2013 rally. The overlap predicted a bear market, not the second winter 2013 rally to over $1000 that actually happened. Nobody knows what's going to happen next.

I am not suggesting that comparisons are not useful, and surely comparisons can be helpful in some regards as long as you take them with a grain of salt and attempt to account for other relevant and material factors.

At the same time, predicting probabilities of up, down or sideways is certainly not random, and some folks seem to have a lot better grasp on direction than others, even if sometimes they just lucky in their prediction or they end up being wrong in spite of calling the probabilities in the opposite direction correctly.
Torque
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June 22, 2017, 11:24:44 PM

Is it me, or does there appear to be some serious effort going on to push down sub 2700?



It's a numbers thingie majigie!!!!  


You know that.    Roll Eyes   Tongue

I call bullshit. Someone on Stamp keeps smacking down any breach of plus 2700.
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June 22, 2017, 11:28:38 PM

Is it me, or does there appear to be some serious effort going on to push down sub 2700?



It's a numbers thingie majigie!!!!  


You know that.    Roll Eyes   Tongue

I call bullshit. Someone on Stamp keeps smacking down any breach of plus 2700.

Now that I am starting to get used to your style, Torque, it is a bit hilarious how you seem to get so worked up and infuriated over numerology.   Shocked

Torque
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June 22, 2017, 11:31:14 PM

Now that I am starting to get used to your style, Torque, it is a bit hilarious how you seem to get so worked up and infuriated over numerology.   Shocked

See this is why you have no credibility here JJG, because you can't even use your own eyes. No one follows anything that you have to say. And the constant numerology bit is a) getting old and b) doesn't even apply here.
deepcolderwallet
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June 22, 2017, 11:51:29 PM



Could we stay on topic gentlemen? ^^

Note that I don't mind discussing politics but there is a part on the forum dedicated for that. Especially as I don't see how Trump is linked to BTC price... He won't do anything to make the dollar stronger: I don't think he wants to, he doesn't care at all about his country or its economy, and even if he wanted to I'm not sure he could do anything.

And on topic: Did you see how the price is on the rise again? Do you think there is a link with the segwit2x increasing support?

Typical globalist/MSM brainwashed trying to ignore POTUS Donald Trump importance in taking back power to people comment.
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June 23, 2017, 12:10:29 AM

Now that I am starting to get used to your style, Torque, it is a bit hilarious how you seem to get so worked up and infuriated over numerology.   Shocked

See this is why you have no credibility here JJG, because you can't even use your own eyes. No one follows anything that you have to say. And the constant numerology bit is a) getting old and b) doesn't even apply here.


Well, that escalated quickly... [insert gif, here].


O.k... let me get back to serious matters.   Angry


The serious matter here is that in the past week or two, Bitstamp has been relatively a bit more bullish than most of the other major exchanges, and in that regard, if Bitstamp's price is a bit higher than others, then doesn't it make sense that dumping is going to take place when it's price is 1 or 2% higher than others, especially if there does not seem to be enough buying support to keep such price rises going?

Yeah, sure most BTC coin holders want BTC prices to rise, but sometimes it is a good thing to allow the buying support to build up and NOT to get too far ahead of ourselves in regards to our bullish BTC price wishes.

In other words, the whole situation looks good, no?  We have a pretty decent ongoing volume level, and overall prices seem to be continuing to trickle up and up and up.. and seems like it won't be too long and we will be testing $3k resistance, again.  So, in that regard, won't it be a bit better of a scenario if we go to test $3k resistance and we have support following along rather than prematurely rushing up to that level, again?
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