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

[FartBuddy]

It seems the "old ones" doesn't understand what bitcoin is or the whole cryptocurrency. The so called experts are also old and calling all fud against bitcoin. Yet almost all crypto enthusiasts are the younger generation, mid 30's and below. There is the barrier. The technological gap between old and young. Give it a few years when we "young" are the old, then we'll see it flourish.

Early 30's here.  

What young means depends on your perspective. Someone in his early twenties would consider someone in his early thirties an old fart.

[d_eddie]

In my experience. twentysomethings are still too distracted to be seriously into crypto. Moreover, they seldom have the financial resources to build any position. The most part of the not so many crypto-aware people I know are thirtysomethings and a couple folks in their forties. All males, over half of them techno-savvy.

[Nosk]

In my experience. twentysomethings are still too distracted to be seriously into crypto.

  Offense taken.

I myself introduced a few of my twentysomething friends to crypto. As you said, they didn't put a lot of money into it, but it's something

[d_eddie]

In my experience. twentysomethings are still too distracted to be seriously into crypto.

  Offense taken.

I myself introduced a few of my twentysomething friends to crypto. As you said, they didn't put a lot of money into it, but it's something

Just my experience, man - don't take it personally.
It's probably just that I know the wrong twentysomethings. 

[BTCMILLIONAIRE]

In my experience. twentysomethings are still too distracted to be seriously into crypto. Moreover, they seldom have the financial resources to build any position. The most part of the not so many crypto-aware people I know are thirtysomethings and a couple folks in their forties. All males, over half of them techno-savvy.

I'm a twenty-something, but I knew before I left school that I wouldn't want to slave away in a dayjob and have hence been researching stocks and other means of building wealth for around a decade now as a result. Of the people around my age hardly anybody seems to care though, I only know of two other people who are into crypto and one of them has been into stocks for a while now too. The other one is just gambling with his dad's money.

[jojo69]

That's why you have a gap between your top buy and your bottom sell that is 2x your base interval. The gap is where the profit is made.

Admittedly, in my most comprehensive explanation, I explicitly left the reason for such 'as an exercise for the reader'. Perhaps I should have stated it.

lol yeah, I think I skimmed over that part...I get it now

strategy implemented on both the BTC:ETH and BTC:LTC pairs here and working reliably...albeit rather boringly

low risk, low reward, but I am a terrible swing trader so....

[infofront]

Bitcoin grew out of the cypherpunk movement, which started in the 70s-80s. A lot of pioneers of bitcoin came from that movement: Adam Back, Hal Finney, Nick Szabo, probably Satoshi Nakamoto, etc. So, Bitcoin was birthed by a bunch of old guys.

I'll also take the opportunity to rant a bit. Out of those four I mentioned, one is AWOL, one is dead, and the other two are fervent supporters of Bitcoin over BCash. Bitcoin is much more closely aligned with the original cypherpunk principles that elevate privacy and decentralization.

[jojo69]

Same here and jumped in 2013 building a gpu miner with borrowed money. In the young uns defence though, when i was 30, i thought 50+ was a lifetime away and technology to that age group was beyond comprehension.
Of course i was wrong, as they are now

[Nosk]

In my experience. twentysomethings are still too distracted to be seriously into crypto.

  Offense taken.

I myself introduced a few of my twentysomething friends to crypto. As you said, they didn't put a lot of money into it, but it's something

Just my experience, man - don't take it personally.
It's probably just that I know the wrong twentysomethings. 

I don't I'm just bugging you
I have seen a research highligthing that young adults give much more interest to crypto than traditional stocks so yes you probably don't know the right twentysomething
Sounds bullish for the future though.

[Starving_Marvin]

Just another day, just another payday

[d_eddie]

Bitcoin grew out of the cypherpunk movement, which started in the 70s-80s. A lot of pioneers of bitcoin came from that movement: Adam Back, Hal Finney, Nick Szabo, probably Satoshi Nakamoto, etc. So, Bitcoin was birthed by a bunch of old guys.

Guys who'd been around long enough to not only figure out how elliptic curve cryptography works, but also to draw the necessary lines from/to economy, game theory and all that. Younger people can pull off great discoveries in specific fields - indeed, it's usually younger folks who do that - but large interdisciplinary endeavors are more suited to mature people IMO.

I'll also take the opportunity to rant a bit. Out of those four I mentioned, one is AWOL, one is dead, and the other two are fervent supporters of Bitcoin over BCash. Bitcoin is much more closely aligned with the original cypherpunk principles that elevate privacy and decentralization.

It's not even worth discussing. A forkcoin more or less signed into existence by an agreement of a few commercial enterprises and kept alive by a single conglomerate through the use of dubious tactics...

[STT]

Longer term trend with weekly bars shows pullback to a more sedate pace that matches the last year.  I drew this a while ago, upper boundary is about 9700.   Probably a more realistic guide then the shorter term speculation, lower markers are about 5000 for fib levels but our recent low matches November action best I think


https://i.imgur.com/6Y2EXPig.png

[d_eddie]

(quotes edited for relevance)

It's probably just that I know the wrong twentysomethings. 

I have seen a research highligthing that young adults give much more interest to crypto than traditional stocks so yes you probably don't know the right twentysomething
Sounds bullish for the future though.

The young'uns I know don't know anything about the stock market, either. I could say that in my personal, small sample of twentysomethings, there's about 2-3 times as much interest for crypto as for traditional stocks. Or 10 times, even.  

[Biodom]

My first attempt of using trading view (don't have an account yet and tried for just 5 min).
Just a rough sketch of btc doing something similar to an 'AMZN' chart of the early internet era.
Mind that from 2001 lows AMZN is up about 300X, so my prediction is not bearish at all going forward with 350K-750K projected in the future IF it matches AMZN tit-for-tat. However, I expect bewildering lows beforehand, although not soon.

[infofront]

Bitcoin grew out of the cypherpunk movement, which started in the 70s-80s. A lot of pioneers of bitcoin came from that movement: Adam Back, Hal Finney, Nick Szabo, probably Satoshi Nakamoto, etc. So, Bitcoin was birthed by a bunch of old guys.

Guys who'd been around long enough to not only figure out how elliptic curve cryptography works, but also to draw the necessary lines from/to economy, game theory and all that. Younger people can pull off great discoveries in specific fields - indeed, it's usually younger folks who do that - but large interdisciplinary endeavors are more suited to mature people IMO.

That's a good point.

I'll also take the opportunity to rant a bit. Out of those four I mentioned, one is AWOL, one is dead, and the other two are fervent supporters of Bitcoin over BCash. Bitcoin is much more closely aligned with the original cypherpunk principles that elevate privacy and decentralization.

It's not even worth discussing. A forkcoin more or less signed into existence by an agreement of a few commercial enterprises and kept alive by a single conglomerate through the use of dubious tactics...

That was aimed at the handful of bcash supporters/sympathizers here. Are you reading all this jbreher? 

[JimboToronto]

Good morning Bitcoinland.

Same old, same old. Bouncing along sideways in $8k-$9k range... currently $8580USD/$10810CAD (Bitcoinaverage).

Waiting for the spring breakout. Ho hum.

late 50's here. and when i heard of btc in 2011 i took to the concept like a dog to a bone.

dont forget us old farts have seen how the government and banks play with money "for our own good" for a long time and many of us trust the government/banks even less than the younger generation.

but maybe im an exception. lot of my friends around my age just dont get btc and wont get into it. but that may be because they generally arent a technology freak like i am. 

Same here and jumped in 2013 building a gpu miner with borrowed money. In the young uns defence though, when i was 30, i thought 50+ was a lifetime away and technology to that age group was beyond comprehension.
Of course i was wrong, as they are now

Almost 70 here and definitely not a tech luddite.

I used to think anyone over 40 was old. Now I think anyone under 40 is a clueless kid.

No, not all kids are clueless about life just as not all seniors are clueless about technology.

One of my older friends (pushing 80) was buying bitcoins at less than $200 and still buys the dips. Needless to say he's done quite well.

Meanwhile one of my younger friends in his 20s can't seem to understand Bitcoin. He thinks it's some kind of pyramid/Ponzi scam and that "the government" will "shut it down". Meanwhile he alternates between Mom's couch in Toronto and Dad's winter place in Thailand trying to get rich playing online poker. All this for a kid with a tested IQ over 180. Go figure.

Age has nothing to do with it. Mental flexibility counts a lot more.

[realr0ach]

Nice (((national security))) blunder there admitting China has significantly more quantum computing capability than the US in open session.  As for what that means for shitcoins, I guess we will see eventually.

[Wekkel]

My first attempt of using trading view...

The problem I have with these projected ‘bewildering lows’ is that they are planted just around the halvening. I just do not see this happening in 2020. If it happens, it happens in 2018 or 2019. But somehow, a full blown crypto winter seems far away. So that leaves 2018 as the most probable candidate, should a $2,000 scenario materialise.

[infofront]

Investors Business Daily is hosting a free one-hour cryptocurrency seminar at 2:30pm EST. It's going to go over chart reading techniques.
It will probably be pretty basic, but might help some people.

IBD Cryptocurrency Seminar

[Biodom]

My first attempt of using trading view...

The problem I have with these projected ‘bewildering lows’ is that they are planted just around the halvening. I just do not see this happening in 2020. If it happens, it happens in 2018 or 2019. But somehow, a full blown crypto winter seems far away. So that leaves 2018 as the most probable candidate, should a $2,000 scenario materialise.

Actually, I put in lows in late 2019 to be fair, then almost a flat with an upward bias until or close to halvening, then a takeoff.
But this is just a sketch with lines that could be drawn differently.
I guess my main point is a zigzag in 2018, hard down in 2019, recovery in 2020, then off to the races (higher).
I would like to see your projection, though.