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

[Heater]

Also, what do you call this:

It's called a freeway to 10k.

[AlcoHoDL]

It was always meant to be like this. By design. Just look at the BTC angles...

[flynn]

Where are the BCH boyz ? They seem quiet lately

CCMF !

No, wait, they got it wrong I guess ...

[AlcoHoDL]

via Imgflip Meme Generator

[bitebits]

Anyway, singing and dancing spartans aside, something about the price continuing to go up in spite of recent troubles sits wrong with me. It just seems too easy.

I agree. This was and is no ordinary FUD. Bitcoin overnight losing 60% of its hashrate (security!) to an altcoin is a serious warning. Yes it returned but it touches the very foundation of Bitcoin.

On the other hand there is bigger money now entering the game. Hedge funds like Mike Novagratz' are buying the dips which reduces the bitcoins available for trade. After every recent major correction an ATH followed shortly after, probably because there are less coins available at previous prices to buy back by the ones that have been selling.

[JayJuanGee]

Where are the BCH boyz ? They seem quiet lately

Both Ver and Wu are pumping out tweets in what seems like, oh shit what have we done, this is backfiring

links or it didn't happen

Hahahaha...


It does not even matter if it is true or not.  Those bitcoin attackers are not worthy of benefit of the doubt because so frequently they have engaged in disingenuous and slimy behavior to undermine bitcoin and/or to pump some other bullshit (supposed competitor product).  They are enemies of the real bitcoin, and they only favor that they do to bitcoin is indirectly and not any kind of product of their own intention... and in that regard they only benefit bitcoin by causing threatful situations that are so dire that bitcoin devs and community have to develop systems to make bitcoin stronger in various ways.  But the fact that these fuckjobs engage in the threatful behavior does not cause any necessity that they should be praised or given any benefit of any doubt.

[vroom]

watching these desperate BCH pumps is really funny. they pushed it for like 80 minutes and it will drop the same amount in less then 40 minutes

[pfrtlpfmpf]

I appear to have mastered the art of selling low and buying high...

it´s the other way around, but i have to admit, it´s not easy !

He was joking, he means he loses money.

Sold high, bought low, back in my account, when i sold it back, then i bought a little, just to sell it, damn, you got me all confused . . .  

[JayJuanGee]

I appear to have mastered the art of selling low and buying high...

it´s the other way around, but i have to admit, it´s not easy !

Even though a lot of people do seem to have a kind of gambling mindset (maybe myself included).  When I talk to people in these forums and even in real life, I find that people kind of gravitate towards all or nothing thinking, but if they really focus on buying as the price goes down and then selling as the price goes up, then buying low and selling high (which is the correct way to do it) just falls into place.  

So personally, I believe it is just a matter of exercising discipline and putting into practice a kind of buying on the way down and selling on the way up and attempting a sort of incrementalism (rather than all or nothing) thinking, and then the not so easy gets trained into you through practice and discipline.. that has been my outcome... and thank you bitcoin for going up in price through out this past two year period to help me out into being successful in various regards and to cause (not selling too much) to pay off really well for me.    a kind of sentimental "happy sad" but true.   

[Torque]

God that Jim Cramer is such a 2-faced weasel. I hate that guy. Such a punchable face.

Jim Cramer on Bitcoin in 2013 (never forget!):
https://www.youtube.com/watch?v=2kEySHOd4JU

Jim Cramer on Bitcoin in 2017:
https://www.youtube.com/watch?v=POh0B79untE

[gentlemand]

I agree. This was and is no ordinary FUD. Bitcoin overnight losing 60% of its hashrate (security!) to an altcoin is a serious warning. Yes it returned but it touches the very foundation of Bitcoin.

The foundation of Bitcoin is selfishness and greed. If miners find a better way to fulfil that then they're going for it.

A BTC that depends on the good will or long term vision of miners has failed.

[Torque]

I agree. This was and is no ordinary FUD. Bitcoin overnight losing 60% of its hashrate (security!) to an altcoin is a serious warning. Yes it returned but it touches the very foundation of Bitcoin.

The foundation of Bitcoin is selfishness and greed. If miners find a better way to fulfil that then they're going for it.

A BTC that depends on the good will or long term vision of miners has failed.

Agreed. "Profitable" means that someone (users, investors, traders, etc.) has to constantly be buying those coins steady off exchanges, each and every day for years, in order for the miners to make ROI and pay their bills. The BCH camp just sort of trivialized that part like it didn't matter, lol.

Miners are not going to just mine something indefinitely because some hashrate chart says that in a 12 hour window period it was "profitable" to do so. It takes a LOT more than that.

[vroom]

I agree. This was and is no ordinary FUD. Bitcoin overnight losing 60% of its hashrate (security!) to an altcoin is a serious warning. Yes it returned but it touches the very foundation of Bitcoin.

The foundation of Bitcoin is selfishness and greed. If miners find a better way to fulfil that then they're going for it.

A BTC that depends on the good will or long term vision of miners has failed.

Agreed. "Profitable" means that someone (users, investors, traders, etc.) has to constantly be buying those coins steady off exchanges, each and every day for years, in order for the miners to make ROI and pay their bills. The BCH camp just sort of trivialized that part like it didn't matter, lol.

Miners are not going to just mine something indefinitely because some hashrate chart says that in a 12 hour window period it was "profitable" to do so. It takes a LOT more than that.

IMO longterm we will see a PoW change or even a switch to PoS.

[julian071]

via Imgflip Meme Generator

Haha literally lol behind my desk at the office right now! 

[Ludwig Von]

I agree. This was and is no ordinary FUD. Bitcoin overnight losing 60% of its hashrate (security!) to an altcoin is a serious warning. Yes it returned but it touches the very foundation of Bitcoin.

The foundation of Bitcoin is selfishness and greed. If miners find a better way to fulfil that then they're going for it.

A BTC that depends on the good will or long term vision of miners has failed.

Agreed. "Profitable" means that someone (users, investors, traders, etc.) has to constantly be buying those coins steady off exchanges, each and every day for years, in order for the miners to make ROI and pay their bills. The BCH camp just sort of trivialized that part like it didn't matter, lol.

Miners are not going to just mine something indefinitely because some hashrate chart says that in a 12 hour window period it was "profitable" to do so. It takes a LOT more than that.

IMO longterm we will see a PoW change or even a switch to PoS.

Probably we saw the exact proportion of mining power in China. And greed is a universal human trait, but I can assure you that the new Sino-capitalists have cultivated it to a level even Wall Street would faint for. Which often leeds to the failure of to narrow sighted plans. In this case, I don 't think they will give up so easily. (Also something very Chinese).

[HairyMaclairy]

Where are the BCH boyz ? They seem quiet lately

CCMF !

No, wait, they got it wrong I guess ...

The whale game isn’t over yet.   BCH difficulty is currently going into the ground and the new DAA has a throttling mechanism that stops it rising quickly when a large amount of hash power is applied. 

I recommend taking defensive positions in your portfolio.  I predict more fireworks timed for the weekend. 

[bitserve]

Gentlemen, this is Carolina.

[alexeft]

Where are the BCH boyz ? They seem quiet lately

CCMF !

No, wait, they got it wrong I guess ...

The whale game isn’t over yet.   BCH difficulty is currently going into the ground and the new DAA has a throttling mechanism that stops it rising quickly when a large amount of hash power is applied. 

I recommend taking defensive positions in your portfolio.  I predict more fireworks timed for the weekend. 

Wow! Such smart! Very difficulty! Such scared now!   

[TwoCorn]

I appear to have mastered the art of selling low and buying high...

it´s the other way around, but i have to admit, it´s not easy !

Even though a lot of people do seem to have a kind of gambling mindset (maybe myself included).  When I talk to people in these forums and even in real life, I find that people kind of gravitate towards all or nothing thinking, but if they really focus on buying as the price goes down and then selling as the price goes up, then buying low and selling high (which is the correct way to do it) just falls into place.  

So personally, I believe it is just a matter of exercising discipline and putting into practice a kind of buying on the way down and selling on the way up and attempting a sort of incrementalism (rather than all or nothing) thinking, and then the not so easy gets trained into you through practice and discipline.. that has been my outcome... and thank you bitcoin for going up in price through out this past two year period to help me out into being successful in various regards and to cause (not selling too much) to pay off really well for me.    a kind of sentimental "happy sad" but true.   

JJG, I'd like to thank you. I've taken a small part of my BTC stash to trade regularly using more or less a version of your laddered buys and sells. It has solved some of my problems of trying to figure out how I want to trade BTC. It takes the thought out of it, and certainly the emotion, which is a killer in trading.

With all the fuddery, flamery, and FOMO in here sometimes, it's still a great place to share information and ideas and learn from each other even if we all don't agree on everything (or anything!)

[unununium]

Also, what do you call this:

It's called a freeway to 10k.

10k ? No limits my friend