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

[Elwar]

So, I'm no TA expert or anything but...the fact that the new low was higher than the last low would indicate to me that the floor is rising over time.

I could post fancy charts to explain it but I think this will give you an idea of what I'm talking about:

___/

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[UnknownHolder]

So, I'm no TA expert or anything but...the fact that the new low was higher than the last low would indicate to me that the floor is rising over time.

I could post fancy charts to explain it but I think this will give you an idea of what I'm talking about:

___/

I'm not sure this is the end.

[RayX12]

https://www.youtube.com/watch?v=YbYWhdLO43Q

For every turd of FUD out there, there's some unicorn sherbet just waiting to be dispensed...

TURD: US Congressional Hearings: "Bitcoin is a Crock for Men in Pajamas!"
SHERBERT:
 - Congress is actually talking about us? Who cares about the actual verbal diarrhea coming out their congressional gobholes... By merely talking about us, they further legitimize crypto.
 - As an aside, does Sherman really believe that men in pajamas don't also fruckin trade stocks, options, real estate, derivatives and precious metals while telling their wives they'll be millionaires one day? What an idiot.

TURD: Mt Gox Trustee market sells BTC and BCH
SHERBERT:
 - Goxees are actually receiving settlements?! Wowee. How much of that will come right back into crypto? Kobayashi may be an idiot, and a short-lived one at that, but the fact that Bitcoin has appreciated so frucking much that the trustee only needed to liquidate 15% of the recovered stash to pay back ALL the creditors' claims is a miracle in and of itself. That's not exactly how the story ended with Bernie Madoff's clients. This fact is being WAY under-reported. I can't believe the market is focused so much more on slippage instead of Bitcoin's incredible asset appreciation since then. The real idiots in this story are the judge and creditors who insisted on being paid back in fiat-equivalent at the time of Gox's collapse instead of Bitcoin, just because the price of BTC continued to collapse post-Mt Gox. Oh ye of little faith, careful what you ask for and now eat your frucking cake!
 - BTC dominance 42% and rising!
 - BCH $600 hahaha

TURD: Google and Facebook ban crypto ads
SHERBET:
 - Fruck the ICOs, Shitecoins, Exchanges, and Scammers!!!!
 - Bitcoin dominance 42% and rising!

TURD: Bitcoin searches trending down
SHERBERT:
 - Dude, who really needs to search for Bitcoin now that it's being reported daily on CNBC, NPR, WSJ, Twitter, newsfeeds, etc etc? Everyone who's anyone with any interest or the means to delve into Bitcoin at this point in the adoption curve has already done so. They don't need to search for it anymore. They're already in it. To me, the fact that search trends spike and then fall off means that action has already been taken. When was the last time you googled "how to buy Bitcoin"?

TURD: Regulation Fears Driving Bitcoin Down
SHERBERT:
 - By choosing to regulate Bitcoin, governments further recognize its legitimacy and are forced to shine light on the benefits to society. Nobody sane wants Bitcoin, fiat, gold or anything else to fund terrorism or money-laundering, and the more Bitcoin is associated with the shadowy underworld, the more negative attention and regulation it will bring upon us. Bitcoin may have started on the backs of drug-dealers, but the crypto lot must also prove it can clean up well and be presentable at their parents' holiday dinner.

TURD: Bitcoin is no longer profitable for miners
SHERBERT:
 - HAHAHAHA.

I'm sure we all have a little sherbert to dispense...

Great turding story.. +Merits

[bitserve]

So, I'm no TA expert or anything but...the fact that the new low was higher than the last low would indicate to me that the floor is rising over time.

I could post fancy charts to explain it but I think this will give you an idea of what I'm talking about:

___/

I'm not sure this is the end.

https://www.youtube.com/watch?v=CIrvSJwwJUE

[d_eddie]

https://www.youtube.com/watch?v=YbYWhdLO43Q

For every turd of FUD out there, there's some unicorn sherbet just waiting to be dispensed...

(snip)

WoSmerit is all I can dispense at the moment.

+1 WoSmerit

Man, your posts are tasty!

[explorer]

https://www.youtube.com/watch?v=YbYWhdLO43Q

For every turd of FUD out there, there's some unicorn sherbet just waiting to be dispensed...

(snip)

WoSmerit is all I can dispense at the moment.

+1 WoSmerit

Man, your posts are tasty!

Can't B'awb help you with that?  not sure how that works.

[Ibian]

TURD: Bitcoin is no longer profitable for miners
SHERBERT:
 - HAHAHAHA.

I think I like technical bits like this the best. Mining will always be profitable, by design. It's not even complicated how it works, and they just don't get it.

How's the weather?

It's like danish summer here in Wellington. By which I mean not-cold enough to go for a walk outdoors without regretting it, and cloudy most of the time.

I'm far more interested in the people. Spent the first few days just sleeping in my room, about to start exploring the city today.

[d_eddie]

https://www.youtube.com/watch?v=YbYWhdLO43Q

For every turd of FUD out there, there's some unicorn sherbet just waiting to be dispensed...

(snip)

WoSmerit is all I can dispense at the moment.

+1 WoSmerit

Man, your posts are tasty!

Can't B'awb help you with that?  not sure how that works.

More help than I expected, but help he did!

[d_eddie]

Can't B'awb help you with that?  not sure how that works.

OK. I Merited the OP with 2 points. One from me and one for d_eddie, and just shot d_eddie 4 Merits for... reasons.

We all cool now ?

Am I a fair and benevolent Merit Source ?

Thanks! the OP really gives us some fine reading IMO.

Dispensing merits in a benevolent way is of course extra cool...

... but my favorite bits from you are when you cook up unheard ways to say things that get said too plainly, way too many times.

[JayJuanGee]

Can't B'awb help you with that?  not sure how that works.

OK. I Merited the OP with 2 points. One from me and one for d_eddie, and just shot d_eddie 4 Merits for... reasons.

We all cool now ?

Am I a fair and benevolent Merit Source ?

Oh my...  




 

[moneyForjam]

So, I'm no TA expert or anything but...the fact that the new low was higher than the last low would indicate to me that the floor is rising over time.

I could post fancy charts to explain it but I think this will give you an idea of what I'm talking about:

___/

I'm not sure this is the end.

I agree.
Not enough volume. Market to calm. No stop hunting. No institutional buyers

[d_eddie]

8000 is knocking again.

Very quick movement. Is that a largish market sell?

[bones261]

Can't B'awb help you with that?  not sure how that works.

OK. I Merited the OP with 2 points. One from me and one for d_eddie, and just shot d_eddie 4 Merits for... reasons.

We all cool now ?

Am I a fair and benevolent Merit Source ?

Aren't merit sources supposed to operate on the down low? Asking for a friend...

[jojo69]

I don't even have any idea what the normal forum sections are these days.

I'm 2 or 3 years + just in a few meaningful threads.

Normal forum sections, gosh, you bring back memories....

It is well established that it is not safe to go out there.

I looked just the other day, still a barren wasteland, vacuous google translate posts trying to meet sig campaign quotas as plentiful as grains of sand.

[Searing]

I don't even have any idea what the normal forum sections are these days.

I'm 2 or 3 years + just in a few meaningful threads.

Normal forum sections, gosh, you bring back memories....

It is well established that it is not safe to go out there.

I looked just the other day, still a barren wasteland, vacuous google translate posts trying to meet sig campaign quotas as plentiful as grains of sand.

hey, I resemble the above remark (sad to say in my case..it is I have too much time and post too much anyway...so the question of quotas is moot...damn I need a life)

[bitserve]

Aren't merit sources supposed to operate on the down low? Asking for a friend...

We din't git no 'struction manual, pal.

Just "go out and spread merits where deemed worthy (and don't spend so much time in the WO thread, you lunatics)"

That's not fair. WO Merit sources should spread all their merit wealth only on WO, not outside "in the wild". Enough of that communist bullshit.

[JayJuanGee]

Asking for a friend...

That's another form of the "royal" we....   hahahahaha

[bones261]

Asking for a friend...

That's another form of the "royal" we....   hahahahaha

Just note to all potential beggars.

[JayJuanGee]

Asking for a friend...

That's another form of the "royal" we....   hahahahaha

Just note to all potential beggars.

I'm kind of thinking that in order for the merit source thingie ma jiggie to work with fewer glitches (especially in the begging arena), there may be a need for theymos to designate nearly one thousand members as merit sources..

Perhaps, theymos is working his way up to that 1000 number.. , but only slowly.. hahahahaha..   He started with 35 merit sources, and currently there are 77.. so could be more and more and more?  There is likely a decent amount of analysis going into how merits are being distributed. and whether the new system is going to allow for both ranking up and disincentivizing spam-like posts...

[Searing]

I looked just the other day, still a barren wasteland, vacuous google translate posts trying to meet sig campaign quotas as plentiful as grains of sand.

The Mining Hardware section used to be alive and kicking at the height of the KNC and BFL scams.

Then Bitfury decided it wasn't going to sell to plebes any more.

Then Bitmain went chaotic evil.

Then Spondoolies called it quits.

Nobody producing 120V miners any more, effectively killing it off for home/hobby miners.

So this is the only place I find interesting now that I'm out of the mining game.

It's actually kinda sad

The only reason I'm still mining ...is

1) 2016 KNC Liquidation Sale w/one eBay sale (all new bankrupted) 7 units....thus unicorns from the sky!

2) 2017 got on bitcointalk and announced I got some L3's from China and other Bitmain stuff...at $4.15 coin and on April 1st, 2017 (April fools day) I announced no

    less than a 6 buck LTC floor and yeah ...zoom it went up and I had equipment in the wind as LTC price pumped...

3) 2018....no frigging unicorns falling from the sky..my days may also be numbered....(every year I tell the CPA lady take off all the equipment that year...and

I say it is the last year...no more equipment from the sky....every year...unicorns fall from the sky again...and I come back to her snickering)

Seems damn unlikely I will find some 'non-dubious' ASIC miners in 2018! But I am hoping for more unicorns!