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

[JayJuanGee]

Well it's not like I just come on here to declare there is going to be a crash. I am usually disagreeing with someone and addressing them when I hear them say something ridiculous.

Maybe you should try addressing yourself, because you say quite a lot of ridiculous stuff.       

[JayJuanGee]

Fun fact - all of these same conversations have happened at 4 digit price levels, and before that they happened at 3 digit price levels, and before that they happened at 2 digit price levels, and 1 digit levels. The same comments, the same debates, and even many of the same people.

you are really devolving into fantastical thinking that is probably has less than a .5% chance of happening, even though you are presenting such scenario as if it has some kind of meaningful odds... wishful thinking and perhaps some desperation, too.  

I am totally lost here on both of your responses to my completely neutral or even positive comment where I am simply making an observation of the past. It was not meant to be connected to any other discussion I was having. What is this scenario I am presenting... odds of what?

O.k.   I read you a bit wrong on that, yet still, there may be a lot of similar conversations, but there has been a lot of development and a lot of changed dynamics, too, including a lot of the effect of the ICO craze and alts ... and just the amount of capital that is flowing into the space that involves traditional financial circles, rather than niche technical and computer geeks.

[realr0ach]

Fun fact - all of these same conversations have happened at 4 digit price levels, and before that they happened at 3 digit price levels, and before that they happened at 2 digit price levels, and 1 digit levels. The same comments, the same debates, and even many of the same people.

They really haven't because most of the people on these forums and current bitcoin developers seem to claim commodification of ASICs is inevitable when I just demonstrated why there is no incentive for that to ever happen.  For bitcoin to have any type of fundamentals whatsoever, people are relying on assumptions that have no basis in reality in other words.

[RoomBot]

Today could/ should be historic, with Wall Street finally giving in to BTC fever.

Lots of people took profits at ATH near USD $20K (and caused a dip ) that might regret not waiting until this week!  

USD $25K anyone?

Like waiting for Santa Claus.

When I wake up tomorrow I want to see $21K +++++

[HairyMaclairy]

That’s a great question. Is the Bitcoin price correlated to the date in December??!

[RoomBot]

Meanwhile, on Reddit;

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com -239 points 5 hours ago
I made Andreas a millionaire. I suspect he is pretty happy with my tweet.

Riiiiiiight.  After watching him struggle for 7 years.... Never thought of just giving some of his own stash?  But now takes credit.  Whatever.

[Wekkel]

Meanwhile, on Reddit;

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com -239 points 5 hours ago
I made Andreas a millionaire. I suspect he is pretty happy with my tweet.

Haha, that’s a good one.

Well played Ver, well played  

[RoomBot]

Players gonna play.

[realr0ach]

I just noticed Buttalik took a stance on the block size issue that I somehow missed:



His argument is a bit too simplistic, as the real dilemma in this scenario is either one of two paths:  1 MB forever and claiming that's the original framework, or infinite block size and claiming that's the original framework.  There is not really any evidence supporting some type of 1 MB forever type of vision, and since LN is not some all pros and no cons deal for replacing on-chain scaling and centralizes btc even further, I have a feeling large blocks are going to win eventually.  Not that it really matters what you do to block size since the thing is completely centralized already.

[goggles]

https://www.forbes.com/sites/rogeraitken/2017/12/17/trust-in-stockmarket-greater-than-bitcoin-but-not-by-much-survey/

[realr0ach]

https://www.forbes.com/sites/rogeraitken/2017/12/17/trust-in-stockmarket-greater-than-bitcoin-but-not-by-much-survey/

Both stocks and bitcoin are nothing more than crowd sourced pump and dumps so the degree of trust is entirely determined by personal investment.  If anything, that article is kind of a warning sign that much of the retail investor is already in on bitcoin leaving not as many greater fools to buy higher.

[fluidjax]

Roger, what a jerk.

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

[realr0ach]

Roger, what a jerk.

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

Antonopolous made himself a millionaire by lying to millions of people and telling them bitcoin is decentralized when it's centralized as fuck.  When/if bitcoin implodes, he'll probably be the world's most wanted man and have to flee to Somalia where all the other libertarians live.  Libertarianism - another bogus ideology which simply means a power vacuum that is always filled by a strongman coming in and conquering and enslaving you.

"In any State in which there is a bad organization of authority, an impersonality of laws and of the rulers who have lost their personality amid the flood of rights ever multiplying out of liberalism, I find a new right - to attack by the right of the strong, and to scatter to the winds all existing forces of order and regulation, to reconstruct all institutions and to become the sovereign lord of those who have left to us the rights of their power by laying them down voluntarily in their liberalism."

Political freedom is an idea but not a fact. This idea one must know how to apply whenever it appears necessary with this bait of an idea to attract the masses of the people to one's party for the purpose of crushing another who is in authority. This task is rendered easier if the opponent has himself been infected with the idea of freedom, SO-CALLED LIBERALISM, and, for the sake of an idea, is willing to yield some of his power. It is precisely here that the triumph of our theory appears; the slackened reins of government are immediately, by the law of life, caught up and gathered together by a new hand, because the blind might of the nation cannot for one single day exist without guidance, and the new authority merely fits into the place of the old already weakened by liberalism."

[fluidjax]

CME Futures prices, currently at $19.5K Jan 2018

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html

[OWZ1337]

CME Futures prices, currently at $19.5K Jan 2018

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html

http://www.onlinetradingconcepts.com/images/technicalanalysis/HeadShouldersHD.gif

 

LOLLLLL

[HairyMaclairy]

Trading BTC on technicals is like juggling chainsaws.  You will decapitate yourself.

[OWZ1337]

Players gonna play.

http://www.aboutcurrency.com/images/university/fxchartpatterns/head_and_shoulder_top_reversal_pattern.gif

 

weeee

[ErisDiscordia]

Meanwhile, on Reddit;

https://np.reddit.com/r/btc/comments/7kf43b/bitcoincom_wallet_2_out_of_5_stars_531_ratings_we/drei7jx/

MemoryDealers Roger Ver - Bitcoin Entrepreneur - Bitcoin.com -239 points 5 hours ago
I made Andreas a millionaire. I suspect he is pretty happy with my tweet.

To think that Ver was once known as the Bitcoin Jesus and well-respected in the community...and look at him now! Such arrogance, much head up ass.

No Roger, you didn't make Andreas a millionaire. It was the people who sent him BTC in appreciation of his years of excellent hard work. You just kindly provided a trigger with this tweet. The money is as much a "fuck you, Roger" as a "thank you, Andreas"!

[TERA2]

Trading BTC on technicals is like juggling chainsaws.  You will decapitate yourself.

There is only one strategy of bitcoin trading which has every consistently worked for me and it is to buy high volume dips.

[EternalWingsofGod]

Bitcoin continues its endless progression of growth we live in fun times as we watch the price rise
Let the speculation rejoice into the holiday season as we look forward to the coming of the 2018 year
And today the Chicago Futures market let the speculation on a macro scale commence.