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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330373 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. (104 posts by 20 users deleted.)
mike4001
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April 19, 2018, 06:10:12 PM

The sell wall to 8,5k is HUGE

https://www.bitstamp.net/market/tradeview/

It's about 1500 BTC from 8250 to 8500 ....

... normally we have this from one thousand to the next.
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KyleSpades
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April 19, 2018, 06:16:28 PM

The sell wall to 8,5k is HUGE

https://www.bitstamp.net/market/tradeview/

It's about 1500 BTC from 8250 to 8500 ....

... normally we have this from one thousand to the next.

You mean the market has to trade 1,5k BTC to break the 8.5k threshold today?

I'm looking at the charts all day long waiting to see if it breaks the 8.3k mark. There has been a 8.296 peak at Binance a few minutes ago, also.
mike4001
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April 19, 2018, 06:20:10 PM

The sell wall to 8,5k is HUGE

https://www.bitstamp.net/market/tradeview/

It's about 1500 BTC from 8250 to 8500 ....

... normally we have this from one thousand to the next.

You mean the market has to trade 1,5k BTC to break the 8.5k threshold today?

I'm looking at the charts all day long waiting to see if it breaks the 8.3k mark. There has been a 8.296 peak at Binance a few minutes ago, also.

On Bitstamp yes.

My point is just that normally if 1500 BTC are bought we rise 1000 USD and not just by 250 USD ;-)
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April 19, 2018, 06:22:27 PM

Btw I think moderation is well judged. Some people post offensive shite, some people get offended. Its the spice of life that keeps it interesting. If this thread was only about observing walls noone would be here.
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April 19, 2018, 06:24:48 PM

I live in the northern US, so I'm accustomed to cold temperatures. I thought I would be adventurous for one vacation and rented a little bamboo house in a rural area of the Philippines. In the middle of the summer there. With 110°F+ near-record high temperatures and 100% humidity.

I'll take the cold over that shit any day.

No kidding. You forgot to mention zillions of insects though.

This is why I have no intention of using my place in rural Mexico during the rainy season (June-October).

Now if I could only find a place with the climate of central Ontario that was as cheap and easy-going as the Yucatan.

Unfortunately most places with nice summer weather are too expensive to get to, buy into, and live in.

I can fly to Mexico for what I spend on beer and taxicabs for a couple of Jays games and buy a beer for $11 cheaper than at the Skydome and walk down the street drinking it.
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April 19, 2018, 06:25:13 PM

I've seen this dumb meme a lot lately of "why do taxes exist when they can just print?".  Probably because chance of hyperinflation would be 10x higher, duh?  Did you people just fall off a turnip truck?  That and they want precedent for extracting from you when they're inevitably forced to go back to sound money (physical silver and gold).

personal taxes amount to a very small part of total gov spending.  Eliminating them would barely cause a blip, BUT: Think of all the Acounants lawyers [the entire IRS] enforcers marshals prison guards etc that would then be out of work, and have more free time to revolt the against the rest of the totalitarian state?
KyleSpades
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April 19, 2018, 06:26:00 PM

Quote
On Bitstamp yes.

My point is just that normally if 1500 BTC are bought we rise 1000 USD and not just by 250 USD ;-)

I see! Thank you. Do you think that all of that resistance is part of testing the market for a new 8k floor, maybe?

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April 19, 2018, 06:27:21 PM

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.
Yes bro! My favorite after Bitcoin. There have been hard times with the distribution model but, hey, so far so good. One of the best projects around.

Back to bitcoin, i bought some more. 19th of every month is my bitcoin buying day
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April 19, 2018, 06:31:31 PM

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.
Yes bro! My favorite after Bitcoin. There have been hard times with the distribution model but, hey, so far so good. One of the best projects around.

Back to bitcoin, i bought some more. 19th of every month is my bitcoin buying day

It seems like you made some cash if you sold them by the 20 something of every month, there have been a few peaks at the 20s past few months, right?
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April 19, 2018, 06:34:40 PM

So go on, burn some oil. Do your part to improve the world.

Bbut... but.. my next car will be all electric. My next house will have 10Kwh solar panels, with charging station. All my tools will be rechargeable. The only gas I will burn will be in my fun antique cars that see little use except for weekends.

EROI of oil is slowly dying. Mass adoption of all electric vehicles will help kill it.

Burn it Now, while you can get it!  V8's for everyone!
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April 19, 2018, 06:40:15 PM

co2 is not a pollutant.

True. It's a greenhouse gas tho.
Yes, and that's a good thing, as we just covered.

It's not a good thing. We need atmospheric temperature to be lower than normal human body temperature. Plus, our cognitive abilities suffer from high CO2. Anyone who tried to study in a stuffy room with poor ventilation knows that. We already went from 300 to 400 ppm in one lifetime.
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April 19, 2018, 06:40:44 PM
Merited by JayJuanGee (1), Toxic2040 (1)

FYI he's the thread starter or the OP and the moderator here.

Actually he took on the job of moderator after thread starter and OP AdamstgBit was hacked and had already pretty much moved over to the forum that shall not be named.

After the regular mods got sick of trying to keep this nuthouse under control, they closed the thread. When opposition to the closing was overwhelming, Infofront took one for the team and became head shrink.
explorer
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April 19, 2018, 06:52:40 PM

co2 is not a pollutant.

True. It's a greenhouse gas tho.
Yes, and that's a good thing, as we just covered.

It's not a good thing. We need atmospheric temperature to be lower than normal human body temperature. Plus, our cognitive abilities suffer from high CO2. Anyone who tried to study in a stuffy room with poor ventilation knows that. We already went from 300 to 400 ppm in one lifetime.

And dodged a bullet by doing so.  Any lower and there wouldn't be enough plant life to sustain us.   Have you ever looked to see what historical norms are?  What's the danger level on a submarine (closed system)?  Never mind what the MSM tells you.  In fact, better to take it as a contrarian indicator.  Dig a little. 
bitserve
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April 19, 2018, 06:57:12 PM

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.

I do. I hodl them all even if I am a bit annoyed by some most wrong -mostly "marketing"- decisions of tonych. I won't be selling them anytime soon because of... reasons.
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April 19, 2018, 06:58:53 PM

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.

Fuck off this thread is for BTC

Yes I hold byteball. The tech is very interesting, but the distribution has been botched. I'm hodling for now though.

FYI he's the thread starter or the OP and the moderator here. So watch your word. Maybe deleted this reply later.  

Very tempted to delete! Anyway, this thread devolves into altcoin conversation on occasion, especially in regards to the forks and airdrops.
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April 19, 2018, 07:10:53 PM

Hottest day of the year so far in the UK, it’s 77 degrees Fahrenheit. About time we reached T Shirt weather. Hopefully the change in weatger coincides with a change in market sentiment & we start a climb back up in Q2 - Q3 of 2018.

I’m feeling $12,000 by the end of May, who’s with me?

 Just off the top of my head, that would equate to 115 F in May... are you suicidal?
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April 19, 2018, 07:20:45 PM
Last edit: April 19, 2018, 07:42:33 PM by realr0ach

Yes I hold byteball. The tech is very interesting, but the distribution has been botched. I'm hodling for now though.

Byteball is not interesting.  There is no "tech".  DAGs are unusable for a craptocurrency without artificial, forced convergence, and that's exactly what Byteball does.  It just slaps a DPOS layer on top of the DAG, thus negating whatever the fuck the DAG is doing making it pointless even being there.  It's like an obfuscated, Rube Goldberg version of Bitshares in other words.  

Also, closed entropy systems have no value, meaning any type of proof of stake implementation.  Unfortunately, PoW systems are only theoretically open entropy systems but function more like closed entropy systems in practice since the ability to lock out the vast majority of the entire planet from being able to mine via ASIC monopolies is a real thing.  

The resulting dynamic is that anyone attempting to mine and being forced to buy a miner from someone like Bitmain is not actually a miner, but just a speculative gambler gambling against Bitmain somehow mispricing their hardware by not correctly forecasting future prices.  The only time you would want to buy something from them is if Bitmain has erroneously forecast future prices would be flat or lower and it was up instead.  Mining is not supposed to work like that.  People are supposed to mine because they want to use the currency to transact, NOT gamble in a rigged game against the house.
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April 19, 2018, 07:23:00 PM
Last edit: April 19, 2018, 07:46:50 PM by Toxic2040



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Sorry..forgot to add my wall of text.  Bitcoin is most probably going to do more sideways than upwards. No volume..no transactions...everyone is just hodling their breath and waiting for something to happen. News flash..thats never a good plan. On the bright side..the MACD is flat as pancake and has just completed a bullwhip oscillation which indicates a move in one direction or another. A bounce off the downward trend line would not be unexpected just as I am sure the temptation to complete the barthead is strong. Verdict...no clear winners yet but alts.



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April 19, 2018, 07:27:05 PM

Hottest day of the year so far in the UK, it’s 77 degrees Fahrenheit. About time we reached T Shirt weather. Hopefully the change in weatger coincides with a change in market sentiment & we start a climb back up in Q2 - Q3 of 2018.

I’m feeling $12,000 by the end of May, who’s with me?
I voted May 31st for the 10k Euro game. Picked that on a whim though. Last time I overshot, this time I'll undershoot.
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April 19, 2018, 07:35:00 PM

Hottest day of the year so far in the UK, it’s 77 degrees Fahrenheit. About time we reached T Shirt weather. Hopefully the change in weatger coincides with a change in market sentiment & we start a climb back up in Q2 - Q3 of 2018.

I’m feeling $12,000 by the end of May, who’s with me?

 Just off the top of my head, that would equate to 115 F in May... are you suicidal?

I just left my house for the first time in just under two weeks. And I didn't go out in a t-shirt because I didn't expect it to be 80.6 Fahrenheit. Needless to say, I'm going to stay shut-in until the weather gets fixed if I can help it. Need to be more careful not to sleep through deliveries for the next few months.
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