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

[JayJuanGee]

https://bitcointopia.org/

Capital of United States Of Bitcoin

Bitcointopia is the capital of a newly formed nation run by Bitcoin appropriations, Blockchain voting & BIP based laws, formed by Articles Of Incorporation, Declaration Of Independence, UN Law & the Treason Act 1949

I cannot help but to recognize that you are on a kind of BTC "information providing" roll...   sheeeit... 

[JayJuanGee]

I’m early to mid 30’s. Won’t reveal my exact age but yeah, those of us with a half decent number of coins do seem to be over 30.

How much is a decent number of coins? Surely JJG could answer this question.

Surely you are baiting me.  O.k.  I am easy.  I will bite.  

A decent number of coins for any particular person is as many coins as they can reasonably accumulate without having to engage in gambling or excessive leveraging behavior.  So such quantity is going to be somewhat dependent upon the person's financial situation (including cashflow and other investments), view of bitcoin, risk tolerance, timeline, ability to research, strategize and adjust and rebalance his/her position from time to time.

I'd like to think that the majority of twenty-something year olds out there are learning about finance, investing and saving extra money, buying bitcoin like crazy, etc.

But historical patterns of age-related behavior tell us something different.  

Of course they are bloody well not. They are being stupid teenagers, well into their 20s, just as I was.

Due to the ease and safety we live in, people are staying kids well past when they should or ever did. The few of us here? Either old enough to have lived in a harder time, or extremely fucking lucky to have experienced bad shit that advanced our brain development.

Probably, I can be an exception to the rule.

What Ibian says makes a lot of sense to me based on my experience. I left my parents' house at 16 against my will, which forced me to mature early. Although the years of my youth were overwhelmingly difficult, in retrospect those experiences positioned me today in a tremendously favorable situation with respect to the majority of people of my generation (I am in the mid-20s).
I started buying bitcoins in 2012, when I was still in university, and although the budget of a university student is small, the extremely cheap prices of that time allowed me to accumulate a "decent" amount of coins  (On the other hand, despite have spoken with many people about bitcoin, there is nobody of my generation that has shown any interest, probably because of what Ibian mentions: they are young, they lack difficult experiences and still many live with their parents).
That's why I'm curious ... how much is a "decent amount" according to the vision of people older than me? According to my perspective, a decent amount is between 10 and 99 coins.

I see if I scan to the end of your post, you already answered the "how many bitcoins is decent" for yourself; however, your range does seem to be a bit on the wide side (meaning that with further study of yourself and your views about bitcoin you should be able to hone in on a more narrowed target range for yourself).  

Edited to add the below response to mad bob:  hahahahhahaha

How much is a decent number of coins? Surely JJG could answer this question.

Yeah, but could he answer it in less than five paragraphs, tho...

FWIW. I think a 100 BTC stash is "decent".

Nice, round number.

Before I saw your post, I already made my response.. seems like less than 5 paragraphs, yet as you imply that is an abbreviated response.  

[Torque]

@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.

To what do you attribute it? I mean more specifically than just "manipulation" generally.

Looking at that so-called "Bart Simpson" chart pattern, I don't really see the mystery. That is exactly what a trading market pattern would look like if you have:

a) major sideways wash trading
b) the float on exchanges being really thin
c) only one or a few whale market participants using large margin
d) volume being led by one or only a few exchanges

Which is the environment we are in right now. The whale is ready to rek anyone who takes up a sizable position in either direction. It could be the exchange owners themselves.

[JayJuanGee]

It's time to burn the WO thread and have ChartBuddy start a new one. This is missing from the poll.

yet here we are

We need a poll to get chartBuddy back!!!!

I doubt that we need any kind of poll for that.  We only need someone who is ready, willing and able to program such bot.

[Toxic2040]

Modest gains followed by a possible buy the dip moment is approaching in a few weeks for all you knife catchers out there. #dyor

[STT]

^^ Well I'll jump in that one with a theory at least.   The last uptrend from a bottom came with momentum backed by 50ma on 4hr bars and we just regained that.  (it was overhead since we turned back down)  So I'll venture momentum is there so long as we stay above this 'thin blue line' at least long enough not to trip up like an awkward skipping rope fail.   
I write seeing its on the line and I could be disproved shortly after but it was fairly reliable previously.    200 DMA is still overhead and more reliable overall, flattening but not negative

[JayJuanGee]

ChartBuddy was a causality of the HardForkers Civil War on Bitcoin ... they didn't even have the decency to give him a proper burial but instead drag his corpse around on display on various forums like the relics of a martyr or something.

Hahahahaha

Yeah... ChartBuddy was used as a propaganda piece, attempting to falsely assert "the real bitcoin."  So far, didn't seem to work.

[degxtra1]

Any chance to get link for high res of this image?
would like to print it for my cousin 10 years old who just learning how to trade bitcoin
thanks

[JayJuanGee]

Actually, I appreciate the way this new poll is more specific regarding the "ATH for the 17th"  The only suggestion that I would make deals with clarifying the referenced timezone.  Are we talking about UTC?  0r some other timezone?

[STT]

Do the Bartman ?      This cartoon 'kid' is like 30 years old by now



Seriously what does this formation relate to, the transition from west/europe over to Asia and back again ?   Reminds me of a phase change on a transformer or something.


A trader told me BCH is bullish medium term apparently, set to do well.  I thought that was mostly previous due to the fork and speculation on that, any reason for more demand on it recently?

[TERA2]

I am astonished by the stubbornnes of Jihan Wu. Yesterday he and his sockpuppets pumped bcash 10% with the hope for better mining rewards. For several hours they got it, but after a small percentages of miners switched to bcash, the difficulty rose and again their reward is equal to that of mining Bitcoin. How many attempts he needs, to understand that if Bitcoin is not rising there is NO way bcash should be more profitable. In 1.5 days is the next Bitcoin mining adjustment. A new 12% increase in difficulty is expected (https://diff.cryptothis.com/), which means more than 0.6$ loss for an s9 (daily revenue dropping from 6.2 to 5.6$ at the current price). With that pace in 2-3 monts the revenue will drop to 2-3$, not to mention the expenses for electricity and rent, which vary from 1.7$ and 4$. I've been through this situation many times mining eth, zec, etc. Each period, when the mining profit drops to cents, is followed by a period of an extreme increase of the price. The explanation is clear - the miners enter a hibernation state of holding (i.e. not selling everything they mine with a currently small profit). If the rigs are on a loss, they just stop them untill the next increase. Conclusion: The so called 'bear' period is at its end. I expect 2x-4x increase of the price in the coming 6 months/1 year.

This fantasy world where mining still has any significant impact on prices...

[infofront]

Bitcoin, Futures, and the Ghost of Gold A forecast for bitcoin if it follows the post-futures cycle of gold.

[OWZ1337]

https://gitlab.com/bitcoin

 

/\BTC∇ ===> exodus to gitlab!!


https://www.wsj.com/articles/microsofts-github-deal-is-a-clean-break-from-its-past-1528139079

[infofront]

LINUX TOVALDIS MUST BE ROLDING IN HIS GRAVY!

[realr0ach]

"They came for the price. Make them stay for the principles."

I.e., help educate them.

In my country we have problem, and that problem is the Torque.  He put all your money in bitcoin, and then it goes to zero.

[Syke]

I've been using BitBucket, but GitLab looks promising too.

[infofront]

I think the Microsoft github angst is overblown.

[aaroque2003]

I think the Microsoft github angst is overblown.

I'm much more cynical. I've seen what happens when smaller left-coast companies get bought up by bigger left-coast fish, and shit turns retarded real fast (within two years).

Fuck... I retired early because I just couldn't fucking stand it anymore...

INDEED... so sad to see that happens... wow... 

[jojo69]

back to TortoiseSVN I guess

fuck the cloud anyway

[savetherainforest]

Any chance to get link for high res of this image?
would like to print it for my cousin 10 years old who just learning how to trade bitcoin
thanks