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

[Last of the V8s]

http://www.businessinsider.com/2-billion-startup-github-could-be-for-sale-microsoft-2018-5?IR=T
this rumbles on

[JayJuanGee]

Swear to God (yes I am a Christian) this is the Wall Observer thread and needs more moderation. If you want to talk about Nazis, holocaust speculation, silver or gold bugs, people of different faiths like Jews and Muslims or tin foil hat controversies there are other forums that will welcome you. I don't post much here anymore because 1) I am busy day trading and 2) over about half the posts here seem to have nothing to do with Bitcoin. It is becoming a bit of a joke and a cesspool frankly. Just a thought.

Your ideal Wall Observer harkens back to the glory days of 2013. Since then, I think the thread has developed its own, unique culture that includes more than TA and wall observation. Though I'd like to see more TA here, actually.

i remember the old wall observer 

very sad it got this bad.

The old WO deleted posts all the goddamn time. This one is better.

I think that the old WO went through phases of moderation intensity, including a pre-closing of the thread period in which Adam's account had been compromised in September 2016, and then forum administrators were having to take a more active approach to moderating the forum (with a more "hands on" approach than what Adam had taken).

It seemed by early 2017, forum administrators, including theymos had gotten a bit much frustrated with the amount of work (and perhaps manpower) to attempt to actually moderate this WO thread that they decided to close the thread.. and then we know what happened after that with the reconsideration to reopen the thread with Infofront as the "by popular demand" new thread "owner." 

So, to me, it seems that Infofront is kind of bringing this thread back to the original Adam vision, and seemingly Infofront is doing a bit more hands off than the thread had been under Adam, too. 

I actually believe that forum administrators took into account various discussion around the reopening of this thread and therefore had decided to experiment with leaving a bit more discretion to Infofront, and to see how that leaving discretion to Infofront works out in terms of numbers of complaints about the thread and/or the amount of time that forum moderators would have to spend overseeing this particular thread...

I actually think that so far the forum's experimentation with Infofront has been working out fairly decently, because whatever level of activity and deleting that Infofront has been employing in the thread has been sufficient to kind of stave off the level of work (or manpower) that forum moderators have had to put into the oversight of this particular thread.

So, in essence, we are kind of lucky to have the level of "freedom" that exists within this thread that seems to have evolved partly from the balance of moderation that Infofront has chosen to employ... which I personally would not mind a few more deleted posts of the racial/hate nature, yet I think that Infofront has considerably stamped out a decent quantity of the shilling and the alt coin pumping and some of that kind of nonsense. 

At the same time, I also understand that we (as WO normies) cannot really see or verify the exact level of deletions that Infofront has been employing, so in the end, we kind of have to trust that he is finding a reasonable level of balance in his chosen level of thread moderation..... and yeah, maybe he can experiment, here and there, but in the end, we seem to have a quite a bit of latitude in these here parts to express differing views about bitcoin and other topics that could somehow stretchingly be conceptualized as "related to" bitcoin.

[JayJuanGee]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yeah, because your abstractness transcends into such high levels that no one simple mortal understands your unique brilliance... hahahahahaha.. Go figure?   

eh, i've encountered such people as well... "how the hell did you do that!?" ...i thought about it for a second or two. recent example was something related to the voyager spacecraft and how they'll likely never actually encounter anything because space is so fucking huge and the golden records on them are, therefore, totally pointless. this was in a comment thread about said records, so it was perfectly topical.

I believe that a considerable part of bitcoin involvement does include a need to sort truths from untruths, and whether we are talking merely about economy and financials or talking about national propaganda, there may be some role in there for bitcoin to help peeps to have a more honest system that has more basis in math, rather than governmental or corporatist (or rich people disproportionately calling the shots) propaganda. 

I find way more probability that the moon landing and some of that crap about men going to the moon to be a lot less likely to be true than the nonsense that is spouted out about the earth being flat, and yeah there is a whole other thread in this forum that spends a considerable amount of time on flat earth nonsensical theories.  But, anyhow with bitcoin, there does seem to come some overall empowerment to the people to be able to attempt to figure out better ways to sort truths from fictions.

By the way, I was busting Anon136's balls over the concept of his self-assertion of abstraction, but on the topic of abstraction, sometimes alt coin pumpers spout out a lot of abstract ideas that sound good, and they use abstraction to bamboosle some folks into their scams... and in that regard, bitcoin does seem to have a bit more concreteness going on in terms of proof of work and network effects that come to support the mere white paper ideas that have little to no actual implementation.

[jojo69]

oooooooh

[BitcoinNewsMagazine]

You must be new here

Not at all. Remember this? Back to trading I am shorting when I see a proper set up.

[sirazimuth]

I remember the good old days when I'd have 5 pages in a row covered with swastikas and Jews roasting in ovens and there would still be 10:1 more complaints about JayJuanGee posts than mine.

absolute fucking bullshit you lying sack of shit

[Toxic2040]

1h


4h


D

#stronghands

[cAPSLOCK]

Everyone has to make their own decisions as to what to spend their time reading, learning, and doing.  For me I do not have much more patience for all the idiotic nonsense spouted and increasingly quoted.  If that is the goal, then I guess it has worked.  

I'll come lurk from time to time though...

[JayJuanGee]

... sometimes alt coin pumpers spout out a lot of abstract ideas that sound good, and they use abstraction to bamboosle some folks into their scams...

Sometimes, posters like to be flamboyantly verbose with their prose, in an attempt to seem more intelligent and sage-like, when in reality, they are doing it to mask crippling insecurities of wanting to be accepted, but that's none of my business...           /s

Very insightful observation.....

[BTCHadzija]

BTC is just pressing up against that trend resistance line and doing nothing...like a virgin trying to get some action

and I don't think it will end well, we might head south very soon to test that 7k and lower territory

You must be new here

Not at all. Remember this? Back to trading I am shorting when I see a proper set up.

that was a good call


don't remember seeing many people posting about good exit points during that run from 10k-20k

[realr0ach]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yes, I encounter that phenomenon every day I post in this thread.

[Anon136]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yes, I encounter that phenomenon every day I post in this thread.

No. The average random person is like some 50 year old lady on one of those scooters at Walmart. She really can not think in terms of anything that isn't a real concrete part of her physical world. That doesn't apply to people in this thread at all. Everyone in this thread is capable of abstract reasoning, even you are much much smarter than the average random person. Your problem is that your arguments are bad. They tend to have an element of truth to them, but they are always grossly overstated and full of strict black and white binaries that don't represent the nuances of real world. Your thinking always lacks nuance roach.

[Ibian]

The problem is that most people are stupid and can't think critically.

It's worse than that. I have found that most people can not think abstractly. As soon as I attempt to use abstract reasoning normal people accuse me of changing the subject...

Yes, I encounter that phenomenon every day I post in this thread.

No. The average random person is like some 50 year old lady on one of those scooters at Walmart. She really can not think in terms of anything that isn't a real concrete part of her physical world. That doesn't apply to people in this thread at all. Everyone in this thread is capable of abstract reasoning, even you are much much smarter than the average random person. Your problem is that your arguments are bad. They tend to have an element of truth to them, but they are always grossly overstated and full of strict black and white binaries that don't represent the nuances of real world.

Also, he is a diarrheric asshole.

[Ibian]

On another note, people like to pretend that communism and socialism are different things, but they are really just variations over the same theme: Forced redistribution of resources from the productive to the unproductive.

Heard somewhere that the russians founded the communist party because the existing socialist factions were not socialist enough. Building on that, would it be inaccurate to say that the commies were marxist socialists, the nazis national socialists, and that whatever we have today is some other form of socialism? Maybe capitalistic socialism, maybe something else?

[El duderino_]

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com
27/04/2018 BinaryReign
28/04/2018 Toxic2040
29/04/2018 BobLawblaw
30/04/2018 RayX12
05/05/2018 kaicrypzen
07/05/2018 InvoKing
08/05/2018 ChinkyEyes
13/05/2018 mfort312
15/05/2018 Paashaas
16/05/2018 player99
17/05/2018 bikerleszno
19/05/2018 Bitcoinaire
20/05/2018 willope
21/05/2018 rafanadal
22/05/2018 strawbs
24/05/2018 yonton
25/05/2018 JimboToronto
26/05/2018 Colonel Panic
29/05/2018 ivomm
30/05/2018 Lontonbit
31/05/2018 BTCMILLIONAIRE
01/06/2018 RoomBot
02/06/2018 rjclarke2000
03/06/2018 oblox
04/06/2018 wachtwoord
05/06/2018 Wekkel
08/06/2018 hisslyness
09/06/2018 LodisMcguire
11/06/2018 Raja_MBZ
12/06/2018 bitcoinPsycho
13/06/2018 erre
14/06/2018 vroom
15/06/2018 d_eddie
16/06/2018 coralreefer
18/06/2018 Robin,Hood
20/06/2018 rolling
22/06/2018 Biodom
23/06/2018 Dunkelheit667
25/06/2018 bones261
26/06/2018 Arriemoller
28/06/2018 klaaas
30/06/2018 DarkStar_
01/07/2018 o_e_l_e_o
02/07/2018 jojo69
03/07/2018 Karatma1
04/07/2018 Elwar
13/07/2018 sirazimuth
14/07/2018 Ludwig Von
21/07/2018 Lauda
22/07/2018 LFC_Bitcoin
26/07/2018 Icygreen
02/08/2018 fragout
03/08/2018 supremnoob
06/08/2018 cAPSLOCK
08/08/2018 infofront
10/08/2018 HairyMaclairy
15/08/2018 Phil_S
16/08/2018 Rosewater Foundation
17/08/2018 B1tUnl0ck3r
19/08/2018 Imbatman
21/08/2018 BitcoinBunny
27/08/2018 soullyG
28/08/2018 RealMachasm
29/08/2018 STT
04/09/2018 flynn
08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             

[STT]

Capitalism is not centralised, thats an important distinction I think does matter and references the disparity BTC has with the current global reserve system.   Politics should not overshadow free markets like it does currently, we dont live in a Royal charter economy anymore but many in business feel restricted from expansion.    Also very large government (50% GDP) hands a massive advantage to the largest of companies.   Economies of scale I think relates there, however the fastest growth required especially to rebound from recession comes from the very smallest of business enterprise.
   Real capitalism is an equal partner to democracy in its effects on a country if done properly but that leadership is not there currently seems to me.

 If crypto is somehow closer to capitalism then we'll appreciate in value or at least have a sound basis to increase population of participants further.   Capitalism is a system proven to work over hundreds of years vs the Federal system which is a century at most or 40 years since no ratio of backing to its activities


BTW dont directly quote someone who is highly likely to be on ignore lists, it means they appear to people who dont want to repeatedly be reading that.    Me, I dgaf about trolls

people like to pretend that communism and socialism are different things,

The political horseshoe I recognise there




Topside for a bearish outlook is about 8050 and support at about 6500 perhaps, broad estimates but price is doing very little for a while now.

[Toxic2040]

Building a ladder right up to $7.75k   Need to find some volume however.
Would expect resistance to kick in at $7.9k to $8.1k if we go upwards.
Below are the same support levels at $7.26k and $7.085k
Whats it going to be, more up or more down? I think more upwards.. then sideways..and perhaps a little more down..but I think we are near the bottom. So buy the dip while you can.

[Torque]

The major volatility in Bitcoin's price started when the major parabolic move began, around Oct 22, 2017. The price was @ $6150 before the first shake out. Thereafter, the average daily delta went from a few hundred dollar moves up and down (+/- 5%), to thousands.

So I knew that after the blow off top in Dec, the price bottom wouldn't begin to materialize and stabilize until we got back to merely a few hundred dollar moves up and down (+/- 3-5%).

Well we are there now.

Does that mean we have hit full bottom? Maybe. Since the momentum trade is clearly over for now, the market can stay pegged in this sideways range for some time, before starting to head back up again. Without volatility, day traders will start to lose interest and drop off way before that happens. Miners will make sure the price reflects their cost basis for ROI by holding back supply from the market. Exchanges will continue to wash trade. This could go on for months.

Of course, we've seen times before where the deep pocket whales begin the next bull run with a bang, aka a massive dump/short and stop loss hunt to liquidate all the of the leveraged longs first. If the whales accumulate for a long sideways period, this would give them the ammo they need. So I imagine the next bull run trigger will start with something like that. It could take us spiking down briefly to the $5K range in a flash, before heading back up.

[jojo69]

You are making a lot of sense there Torque.

[Anon136]

Of course, we've seen times before where the deep pocket whales begin the next bull run with a bang, aka a massive dump/short and stop loss hunt to liquidate all the of the leveraged longs first. If the whales accumulate for a long sideways period, this would give them the ammo they need. So I imagine the next bull run trigger will start with something like that. It could take us spiking down briefly to the $5K range in a flash, before heading back up.

Running stops seems to be fundamentally about acquiring product and not so much about effecting the price. Do whales need the coins that are on offer on the exchanges? It seems to me that a whale would interact with an exchange for the purpose of effecting the price more than the purpose of accumulating/liquidating his position. If he were either accumulating or liquidating he would want to do either of those things OTC because if he were accumulating he wouldn't want to drive the price up and if he were liquidating he wouldn't want to drive the price down. So he makes changes to his position OTC but perhaps he tries to use a small portion of his stash to manipulate the price down before making an OTC purchase and vice a verca before making an OTC sale.

I'm not really trying to argue against you here. I'm mostly just interested in how you will respond to these thoughts.