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Question: What year will we achieve a new ATH?
2019 - 43 (28.7%)
2020 - 59 (39.3%)
2021 - 34 (22.7%)
2022 - 8 (5.3%)
2023 - 1 (0.7%)
Never - 5 (3.3%)
Total Voters: 150

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21179733 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. (24 posts by 13 users deleted.)
Last of the V8s
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February 13, 2018, 01:01:59 PM

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.  Wink
Steady. You will find in this august thread many fine gentlemen of the older persuasion. That said, you're right, it is hard for someone in their fifties or more to change their mental and personal financial model utterly to suit the demands of bitcoin.

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" 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.
Yeah no that's right, 'hard' but not impossible. We are few but strong.
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February 13, 2018, 01:03:14 PM

First I have heard of Teechain. Sounds like another LN for BTC? Anyone know anything about it?

https://www.teechain.network

Looks like the lightning network applied to any blockchain. Figured it would be coming. Does this undermine Bitcoin’s competitive edge with lightning network innovation? Will ethereum and other altcoins be using teechain or lightning network equivalents?
With Ethereum being politicized I don't see Bitcoin losing its edge.
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February 13, 2018, 01:08:08 PM
Merited by yefi (1), bitserve (1)

Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy

Um, first of all: what does this have to do with Bitcoin Price Speculation?

And secondly, how could Fake News possibly the "biggest threat humankind will ever face"?  How about global warming, nuclear war, or over population / famine, just to name a few?

Well, for starters, global warming and overpopulation are fake news  Cheesy  So it's kind of a catch-all.

I like the one where they say we are running out of water (then the article goes on to say fresh water)




Or the one where female circumcision is mutilation but male circumcision is healthy


I like how after 50 years and more of research no cure has been found, for anything, with all the f$%kin charitable research around (only vaccines, weird)

etc, etc , etc

wait, wait this ones good

we need to reduce carbon, we can tax it, yet we destroy more trees and pollute more water, the actual thing that creates air



Famine- this is another good one
End Last year western charities, newspapers and government were concerned for the famine and disease in "YEMEN"
The very f$%kin country they are helping the saudis to blow up....






 I can see your point on all but the one highlighted in red.  Female circumcision is removing the hood from the clitoris which in and of itself is not much different than male circumcision (which is likely an unnecessary ritualistic behaviour that mankind has medicalized)  but female genital mutilation covers a few more "procedures" which are not as seemingly benign such as:  intermediate infibulation, total infibulation and vaginal fusing.  These procedures are designed to ensure that the girl will never experience sexual pleasure in her life.  These are barbaric procedures which involve removal of the clitoris and/or partial to full closing of the vagina by lacerating the vaginal walls.

 https://en.wikipedia.org/wiki/Female_genital_mutilation







  



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February 13, 2018, 01:28:39 PM

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.  Wink
Steady. You will find in this august thread many fine gentlemen of the older persuasion. That said, you're right, it is hard for someone in their fifties or more to change their mental and personal financial model utterly to suit the demands of bitcoin.

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
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February 13, 2018, 01:33:36 PM

You pesky kids though. It is all very well being 'enthusiastic' and talking of 'whole cryptocurrency' as if that were a thing. If you could just stop all your meddling and blathering on until you are actually 50, you would be doing bitcoin a great service. There are many more pressing concerns than you seem to be aware of.

Or they could also, I dunno, do some actual fkn research instead of blindly throwing money at every crypto just because it exists, or has "coin", "currency", "cash" in the name, or because it is a "token" that "ICO'ed", or because it will supposedly solve some future problem that doesn't exist and never will.

As if the whole crypto space is a thing and is worthy of investment across the board. That's like saying every stock in the whole stock market (penny shit stocks and all) is worthy of investment "because equity space".

Remember the "dot com space"? Yeah we saw how that turned out.
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February 13, 2018, 01:50:00 PM

Next to economic/financial and sovereign debt crises, this could be one the biggest that humankind will ever face:

Infocalypse
https://www.buzzfeed.com/charliewarzel/the-terrifying-future-of-fake-news?utm_term=.etJgQxmXw#.xmbJAaWMy

Um, first of all: what does this have to do with Bitcoin Price Speculation?

And secondly, how could Fake News possibly the "biggest threat humankind will ever face"?  How about global warming, nuclear war, or over population / famine, just to name a few?

Well, for starters, global warming and overpopulation are fake news  Cheesy  So it's kind of a catch-all.
Lol, are you Trump in a disguise?

Nahhh, couldn’t be. Trump only posts garbage on Twatter....
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February 13, 2018, 02:04:07 PM


I am happy with a few orders filling in a day, and I am thinking that in the future, I would likely be happy with a few orders filling per week.

I also don't play around with margin trading because it seems too risky, just on the face of it seems like a kind of gambling to me, unless there are ways to just employ it as a hedge... but seems too complicated for the most part.  

Largely, I am happy with just preserving the status quo of my BTC holdings (which I guess is mostly just an attempt at preservation of principle) and counting on long term BTC price appreciation for accumulation of wealth, rather than practices that feel like gambling (and certainly any kind of margin trading would feel like gambling to me).  
I'm employing a market making strategy to earn BTC from fluctuations in altcoins - which works well when markets are volatile - for it to work well you need to have pretty deep reserves in order to ride the deep fluctuations and keep in the market. My order sizes are not so high to reduce the risk - so I need a lot of orders to be filled to make a good profit

EDIT: I always seem to lose when I try this strategy in USD/BTC, so keep to altcoins

$ETC shooting straight up to pluto ~ the forkening season is upon us!!   Kiss  weeee

^ethereum is satoshis vision! :-D ETC ETC ETC hhehemuuhahaaa a a aaa
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February 13, 2018, 02:14:01 PM

You pesky kids though. It is all very well being 'enthusiastic' and talking of 'whole cryptocurrency' as if that were a thing. If you could just stop all your meddling and blathering on until you are actually 50, you would be doing bitcoin a great service. There are many more pressing concerns than you seem to be aware of.

Or they could also, I dunno, do some actual fkn research instead of blindly throwing money at every crypto just because it exists, or has "coin", "currency", "cash" in the name, or because it is a "token" that "ICO'ed", or because it will supposedly solve some future problem that doesn't exist and never will.

As if the whole crypto space is a thing and is worthy of investment across the board. That's like saying every stock in the whole stock market (penny shit stocks and all) is worthy of investment "because equity space".

Remember the "dot com space"? Yeah we saw how that turned out.
The same way the crypto space will turn out. A few rich, very few very rich people and a lot of people burning themselves by throwing money around like dirty socks.
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February 13, 2018, 02:30:17 PM
Merited by Wekkel (1), suchmoon (1), bitebits (1), bitserve (1)

Update of this post :


The price didn't bounced off the 7k€ resistance.
I took the period of high volume, determined the min and max moving average of the price, and it highlights some resistance we can find.
Taking that into account, it makes me more bullish for what will come next.
(following chart is still in €)



It seems hard to follow the initial uptrend.
No reason to be bearish yet though. As shown on the following figure, the moving average trend is still going up and we just broke the value trend by a tiny bit.



If I zoom to a very close range, we can see that we tend to go back in the initial value based trend, no bounce on the bedrock needed.

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February 13, 2018, 02:36:40 PM

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.  Wink

It's not how long you were around, but rather if you have a curious mind.
I have seen 60-70 year old professors to be faster on the uptake of the new technology than a 25 year old.
I agree that it is, perhaps, less common.
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February 13, 2018, 03:05:41 PM

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.  Wink

What young means depends on your perspective. Someone in his early twenties would consider someone in his early thirties an old fart.
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February 13, 2018, 03:40:36 PM

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.
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February 13, 2018, 03:52:59 PM

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

 Sad 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 Smiley
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February 13, 2018, 03:56:19 PM

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

 Sad 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 Smiley
Just my experience, man - don't take it personally.
It's probably just that I know the wrong twentysomethings.  Grin
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February 13, 2018, 04:02:50 PM

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.
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February 13, 2018, 04:34:01 PM
Merited by jbreher (1)


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....
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February 13, 2018, 04:35:59 PM
Merited by vapourminer (1), yefi (1), JayJuanGee (1), Dunkelheit667 (1), rolling (1)

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.
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February 13, 2018, 04:46:33 PM


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

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February 13, 2018, 04:52:18 PM

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

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

I don't I'm just bugging you Smiley
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 Smiley
Sounds bullish for the future though.
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February 13, 2018, 05:02:47 PM

Just another day, just another payday
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