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

[gentlemand]

Oh, fuck me. Off you lot go again.



I've definitely decided on my costume for the WO meet now. And I'll bribe the DJ to only play early period Matisyahu.

[1714048897]

1714048897

[JayJuanGee]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

You notice the Bitcoin.com stickers in the pictures in the article, and sure bitcoin.com is that the "real bitcoin?" Those fucks.

Calm down, son, it's a stock photo.

Of course... it is part of the article, you patronizing fuck wannabe...       

[JayJuanGee]

The thing is I am not specifically against taxes. I am against the inefficient usage they do with our taxes. Taxes are needed, irresponsible spending of public funds absolutely NOT. That's what we should fight against.... but it is a lost battle unfortunately.

Once you accept that someone can extort money from you -for any reason-, there is no limit to your enslavement.
But if you are fine with it, good for you. Me, I opt out, with any means necessary.

• Enslaved by paying 20-30% in income taxes
• Enslaved by spending years in prison

I'll go with option A.

Everyone has pretty much always lived under a mafia boss. The taxes aren't that bad. The regulations that make it so difficult to achieve success are worse and the immigration policy that erodes our culture and the social fabric is worse even still.

I agree. BTW, are you in America? You don't have to answer that.

Yea, I'm American. Crap you narrowed it down from 7 billion to 300 million. That's like 23 times closer to figuring out my identity!

No one is going to have a clue to figure out who you are because you have privacy embedded right into your user name.   

[cAPSLOCK]

Yea, I'm American. Crap you narrowed it down from 7 billion to 300 million. That's like 23 times closer to figuring out my identity!

No one is going to have a clue to figure out who you are because you have privacy embedded right into your user name.   

Us Monero shills are fairly crafty.

[HairyMaclairy]

Oh, fuck me. Off you lot go again.



I've definitely decided on my costume for the WO meet now. And I'll bribe the DJ to only play early period Matisyahu.

Make me mod and I’ll change the thread name to “Wailing Wall Observer”.

[Last of the V8s]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

You notice the Bitcoin.com stickers in the pictures in the article, and sure bitcoin.com is that the "real bitcoin?" Those fucks.

Calm down, son, it's a stock photo.

Of course... it is part of the article, you patronizing fuck wannabe...       

You have the makings of an excellent mainstream journalist.

[JayJuanGee]

So we going to get one of those weekend pumps instead of dump?

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

You notice the Bitcoin.com stickers in the pictures in the article, and sure bitcoin.com is that the "real bitcoin?" Those fucks.

Calm down, son, it's a stock photo.

Of course... it is part of the article, you patronizing fuck wannabe...       

You have the makings of an excellent mainstream journalist.

[HairyMaclairy]

So what is a good exit point for the bcash lol pump for the Satoshi vision conference ?

Can Roger pump to 0.2?   Is 0.25 achievable ?

[Vlada69]

So what is a good exit point for the bcash lol pump for the Satoshi vision conference ?

Can Roger pump to 0.2?   Is 0.25 achievable ?

We just missed one and his pumps are getting smaller and smaller. As someone said on reddit BCH performs like a penny stock.

[Anon136]

Satoshi vision conference ?

Is there any evidence AT ALL that satoshi's vision was to "scale" bitcoin by cramming more and more transactions into blocks until the point where full node operators need to open a data center and purchase a T1 line? Where the hell does ver get this crap about this being "satoshi's vision"?

[HairyMaclairy]

So what is a good exit point for the bcash lol pump for the Satoshi vision conference ?

Can Roger pump to 0.2?   Is 0.25 achievable ?

We just missed one and his pumps are getting smaller and smaller. As someone said on reddit BCH performs like a penny stock.

Surely that’s just a pre-pump to clear the stops.  If the best they can do for their signature event is 0.1125 then that’s laughably pathetic.  

[TERA2]

-tera bera

Duration:

Glade - 6 weeks
Glide -  6 months

Beginning:

Glade - 3 year record breaking volume after 70% decline
Glide  - ? Another volume bounce indicator somewhere around 5.5k ?

End

Glade - Attempts to bust past a 100% increase or reach any level that will credibly start a new bull run fizzle out (failing at 11.8 twice, then at 10 on the way down sealed it as over)
Glide -  ? Same as above, trying to get past 10k fails ?

I'm not particularly committed to the price path I drew. I just like the log channel and wanted to illustrate how wrong the original author could be.

[Last of the V8s]

[d_eddie]

I admit that it can be a bit of a pain in the ass to attempt to find your comfort zone, and even to experience levels of temptation emotion to deviate.  Furthermore, the market can play out in ways that are a bit beyond expectations and new preparations need to take place to ensure that you remain prepared for either price direction.  

In the last month, I made a couple decently-sized tweaks, and I designed each of my tweaks in order to feel more comfortable for either direction rather than attempting to increase my profits.  And, in November/December, I had to make a couple of decently-sized tweaks, too, because the price was performing more bullishly than anticipated.

That's it. It's about being comfortable. As in almost any tight game, upping the worst case outcome requires worsening the best case. And that's what I'm doing right now.

At some point in the near future, we are going to have to refer to the d_eddie ladder-scalping method... a form of tailoring, tweaking and adjusting particular to bitcoinlandia...  

Hehe, it would be nice, wouldn't it? However, I'm too much of a newbie at trading - and what's more, I'm kind of ignoring on purpose the intricacies of proper TA. That's why, if I came up with something like this, it must be already a well-known technique, and I'm quite confident it already has a name. If I knew its name, I could look it up and learn about possible pitfalls.

[d_eddie]

-tera bera

Duration:

Glade - 6 weeks
Glide -  6 months

Beginning:

Glade - 3 year record breaking volume after 70% decline
Glide  - ? Another volume bounce indicator somewhere around 5.5k ?

End

Glade - Attempts to bust past a 100% increase or reach any level that will credibly start a new bull run fizzle out (failing at 11.8 twice, then at 10 on the way down sealed it as over)
Glide -  ? Same as above, trying to get past 10k fails ?

I'm not particularly committed to the price path I drew. I just like the log channel and wanted to illustrate how wrong the original author could be.

A voice of reason. There are a quite a number of projection charts that can be drawn from the same data. Extrapolation is never uniquely determined. I have no idea how much the different charts can differ qualitatively, but quantitatively there is quite a bit of possible variation, as you showed.

Another option would be sqrt(x) rather than log channel, à la masterluc's friend.

[Biodom]

This's interesting. We're no-where near the dotcom bubble yet in terms of market-cap:

I generally agree with this. The idea that it's the end of a great bubble conflicts with the capitalization of previous great bubbles. The South Sea Bubble went to $4tn in real terms and that was confined to a single country (albeit a world power then).

As Tera points out, we should include all crypto in the calculation, but at ~$850B the peak is still rather underwhelming as the finale of a global mania.

The quoted graph is somewhat strange as it suggests above $1 tril in internet stocks in 1995 or something close.
As far as I remember, Yahoo only started trading in 1996, although I could be wrong.
AMZN 1997, Ebay 1998. If they suggest that 1995 internet companies were Intel, MSFT and CSCO, than it is clearly a stretch.
Besides, I read somewhere else that "pure" Internet peaked at just 3 tril in 2000.

I agree with the overall conclusion that 850bil (at the peak) or 320-330 bil now, 18-20 years after the internet 'bubble", feels like an awfully small number.

Besides, MSM keeps talking about crypto bubble. They did no such thing during 1998-2000. Instead, it was always rah rah.
I remember some B2B companies that were nothing, but a reverse FUD from Mary Meeker, etc. They all pretty much zeroed.
VERT, lol, fun memories.

[HairyMaclairy]

We are managing to stay out of the Swamps of Anger.  



Although the price line seems to have changed Dark Forest to Dank Forest.

[d_eddie]

So we going to get one of those weekend pumps instead of dump?

Exactly my hunch. I got it while following the price more closely than usual, scalping my short up. I'm gonna have a hard weekend for sure :-)

Edit:  Genesis Capital has lent over $100 million in crypto to bears.

https://amp.businessinsider.com/a-bitcoin-trading-firm-just-opened-up-a-lending-business-and-its-going-gangbusters-2018-3?__twitter_impression=true

This sounds like bullshit. It can't be true. Such a business model leaks too much profit if the underlying cryptocurrency appreciates.

[Last of the V8s]

Hehe, it would be nice, wouldn't it? However, I'm too much of a newbie at trading - and what's more, I'm kind of ignoring on purpose the intricacies of proper TA. That's why, if I came up with something like this, it must be already a well-known technique, and I'm quite confident it already has a name. If I knew its name, I could look it up and learn about possible pitfalls.

Could you recap what you're up to?

[marcus_of_augustus]

the Sumerians invented writing. and the same folks in the same area and the same time also invented money. both inventions together made it possible for the first time in history that lots of people -that did not know each other personally- were able to cooperate to form large kingdoms, armies, large scale tax collection, religions, etc. before the Sumerians had invented money and letters/writing people only cooperated with the 100-150 people they personally knew.

I think this proposition is still in contention amongst scholars of monetary history in prehistoric times, so to speak. Since in the times of prehistory we only have proto-writings then we rely only on evidential artifacts of what society was like and what tools that had been invented by then. The Sumerian writings date to around 3,000 BCE but we have the much much older bulla seals used as early as 8,000 BCE. Bullae seals are really the first form of writing, albeit in a pre-hieroglyphic form.

It's my theory that the evolution of bullae to inscribed tablets, for more efficient keeping of ledgers, was actually the precursor to writing. Written accounts, i.e. ledger money, was the necessity that invented writing (recording objects and numbers as storage and transfer of value), eventually giving rise to the written word that was then used more broadly for creative measures and historical recordings which came along afterwards as a subsequent invention.

tl;dr the invention of money first as Bullae and then as written ledgers had necessarily invented a form of the written word before the Sumerians ... not writing was invented and then written ledgers came along afterwards.