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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26367144 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. (174 posts by 3 users with 9 merit deleted.)
JayJuanGee
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June 29, 2018, 11:35:28 PM


Sad to watch.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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El duderino_
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June 29, 2018, 11:44:10 PM

https://blog.goodaudience.com/bitcoin-futures-and-the-ghost-of-gold-81418864c961

#wHeNbUlLiSh— i read   Grin
JayJuanGee
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June 30, 2018, 12:04:32 AM

You seem to be full of shit, anunymint and trying to lord over your supposed technical/mathematical skills to spread doom and gloom FUD.

That’s what the deluded always say. Drugs addicts protest. Hashfast scam investors protested. Etc. Facts are facts. Everyone who holds non-legacy addresses will lose all their real Bitcoin and will end up only with Core nonsense scam tokens.

The only deluded one seems to be you.

When you are speculating about the future, by definition that cannot be facts... it is speculation about a future state of affairs.

Most people who provide a meaningful speculation about the future will provide the basis for their prediction... the basis can be based on facts and logic.. and hopefully those facts and logic help to describe how the future will come about from our history, current state and future direction.  If you do not provide a reasonable basis, then you are saying random shit and doing no more than setting forth what you believe to be based on a kind of fantasy.

It’s not a personal thing. I like you guys.

Of course, none of us know each other.. so none of this should be considered personal, and I doubt anyone who is reasonable is taking it personally.  So, you are getting into irrelevance by going down this path in order to clarify your supposedly pure motives.

I don’t have a fight to pick with y’all. Do what ever you want. I will STFU about this matter. Just remember I warned you.

Probably, better if you just shut the fuck up and get the fuck out of here.  Few people in this thread appreciate your non-substantiated bullshit, except perhaps some of the trolls and shills might consider your bullshit to be helpful to their misleading, distracting and FUD spreading attempts in this thread.

Long story short, you seem to be buying into nonsense.  I have no problem with the idea of keeping your coins in various location, just in case, but seems like a lack of prudence to base your life on the bunch of nonsense speculative scenarios of FUD spreaders that have low chances of playing out anywhere near their doom and gloom projects... furthermore, your behavior seems to play into their ill-intended and devilish hands.

You really want to believe in your drug.

Get the fuck out of here with your attempts to characterize me as being delusional, when you remain the one who is engaging in what appears to be purposeful efforts to mislead and to fail/refuse to put forth reasonable evidence and logic to back up your pie in the sky assertions.

But when I say we are headed into a Mini-Ice age, there is undeniable science making that claim a fact.

You are not saying anything new here... just asserting nostradamus-like woo woo.

Ditto what I have written about Core.

 Ditto you have said nothing, you ditto head.   Roll Eyes

There is a battle going on, and you are not going to reach any kind of meaningful state of stability during a battle that needs a quite a bit of time to play out (and with BIG players, too, attempting to win hearts, minds and finances).

There is not going to be any winning of hearts or political nonsense. There will simply be the removal of real Bitcoin by those who forked off from the hands of those who fork off because they decided they do not want real Bitcoin.

 No factual or logical basis for your stupid-ass assertion.

They were fooled by some drug which promised some nebulous future scalability which isn’t scalability and is actually fractional reserve banking as has already been explained up-thread.

 Your assertions have not been explained with anything even close to approaching adequacy..

Bitcoin exists to destroy everyone who believes in politics. Core is 100% politics. That is why you must tell everyone here that there is no chance that the real Bitcoin will ever force Core to fork off.

You are providing confusing frameworks about who is who... so seems like you are purposefully attempting to mislead, hoping that peeps buy into your purposefully confusing amorphous, titillating and generalizing framework.

Because you’re relying on politics to save you.

NOT.  There is math and logic in bitcoin that was started through the whitepaper and carried out through a practice system that has caused decentralized and secure incentives, while allowing players to pursue their own self-interests and the network anticipates that individuals will engage in attacks and distrustful behavior but the system will still be secure based on built-in incentives.

You try to say that we are relying on something that we are not ("politics"), so what you are saying makes no sense... and misleads regarding what is really going on.
 

You’re relying on fooling the n00bs into using wallets that by default put them on the Core fork without informing them about the true risks and reduction of their security.

People can do whatever the fuck they want, and in the end, they are going to recognize value of bitcoin, including using variations of the latest and greatest of segwit, lightning network, on chain or any other combination of on-chain / off chain that makes them comfortable for their own situation and circumstances. 

Furthermore, little by little value migrates over to bitcoin (and gresham's law describes theoretical dynamics) because bitcoin (including its ongoing developments and progress) continues to be the most sound of money/assets with a variety of appealing utility (and ongoing developed use cases) too.

 
Bunny rabbits do not decide the outcome. $billionaires, Schelling points, and maximum security do.

Yes, Schelling points are important,  so it could take time to unravel all of these developments and migration of people and use cases.. but in the end, you are going to be best off keeping a decent stake into bitcoin rather than becoming scared overbullshit and baseless speculation as you, anunymint, would like peeps to feel.
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June 30, 2018, 12:04:41 AM


rumours of a flood in Sichuan devastating a mine

nice water-cooling
JayJuanGee
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June 30, 2018, 12:11:11 AM


Nobody ever expects a boom soiree. Hopefully a lot of these tards get left behind when it starts...any minute now.


You are sure coming off as reasonable and bullish, Rosewater.

Are you feeling o.k.?   Cheesy Cheesy
JayJuanGee
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June 30, 2018, 12:15:09 AM


Nobody ever expects a boom soiree. Hopefully a lot of these tards get left behind when it starts...any minute now.

If so, probably a bull trap.

The 2013 summer correction scenario with new ATHs to follow quickly remains a possibility though.

If you’re hodling real Bitcoin why would you care to even try to predict? Buy moar if there’s blood in the streets. I don't see blood yet. When you guys lose more Bitcoin, then I will buy more.

Yeah.. you can join forces with Roach.  He seems to still be waiting for sub $500.
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June 30, 2018, 12:21:17 AM

d_eddie
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June 30, 2018, 12:30:47 AM

I smell a bull trap. Or, as bitserve said, just a few stops being triggered. The volume isn't there, AND it's the weekend. I don't trust this.
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June 30, 2018, 12:39:37 AM

These single large pumps are not good indicators of a turnaround. High volume rise over the course of a day would do it. Not a single jump.


Bitcoin is still under $10k  Cry

Still 37k in my head already

*raises hand*   Ooooh did I win your game ?

 Grin
JayJuanGee
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June 30, 2018, 12:45:25 AM

These single large pumps are not good indicators of a turnaround. High volume rise over the course of a day would do it. Not a single jump.

Bitcoin is still under $10k  Cry

There seem to be a lot of ways in which a trend can reverse.. one of them does involve getting some kind of BIG up candle, but sometimes we get trickle too...

Many of us should realize that it can be quite difficult to recognize or figure out a reversal... remember late 2015 and early 2016 - even into early 2017.  In October/November 2015 there was a pump from upper $200s to $500, and then a recovery and then nearly a six month question about whether BTC prices were going to go above $500.  Such $500 price point was again challenged after the August 2016 Bitfinex crash, and thereafter $800 was questioned (including considerations of returning to $500) in February/March 2017 which seemed to revolve around whether various alt coins were a threat towards BTC's dominance and questions about whether BTC scaling was going to resolve...

Personally, I even had my own doubts about when that 2013/2014 trend had reverted into a bull market, and I found the May 2016 push above $500 to be a pretty strongly convincing sign.. in spite of the subsequent FUD spreading and questioning of the strength of BTC and the then upwards BTC price momentum. 

In our current BTC market situation, getting above $10k and staying above $10k might be our new $500 threshold point that needs to be be breached before a certain level of largely unambiguous confidence is achieved (regarding reversal and resumption of the bull market).
JayJuanGee
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June 30, 2018, 01:01:32 AM

Comes off as a bit paranoia, conspiracy theory laden and lacking in evidence.   Thus FUD spreading?

the richest miner making the most mining machines who is also hell bent on driving everyone else out of business who also has litte interest in bitcoin other than extracting the most money and power possible. all of that adds up to more than 51% to me.

that smells of logic not fud but carry on with your patrol if it makes you feel good.

So what?  You describe a kind of motive and a kind of capacity potential.  Do you think that Bitmain is the only entity that holds reserve capacity?  Of course, you have heard about mining pools too, right?  Just because a miner uses bitmain equipment does not mean that bitmain has control over how the equipment directs its mining, whether individually or part of a pool.

Furthermore, there are joint collaboration mining pools too, so if bitmain has some kind of contractual relationship with another pool, do you think that indicates that there is a dictatorial relationship there, or could there be another human that might respond to incentives that are not under the control of bitmain?

You surely seem to be have a decent sized imagination to be attributing so much power to one entity (and likely saying that Jihan 100% controls that entity too?)


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June 30, 2018, 01:10:57 AM

The one "who's name should not be mentioned" is quite busy this evening...
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June 30, 2018, 01:29:33 AM

my new bottom call

2250
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June 30, 2018, 01:39:14 AM

my new bottom call

2250

Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target?
JayJuanGee
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June 30, 2018, 01:42:48 AM

my new bottom call

2250

Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target?


Sell, sell, sell.. bitcoin is doomed!!!!!  Too many green candles.  This is not natural.. right, peeps?
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June 30, 2018, 01:48:26 AM

https://i.imgur.com/5RPSk2F.png

Breakout?

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-30th-june-2018.html
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June 30, 2018, 01:49:36 AM

my new bottom call

2250

Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target?


Sell, sell, sell.. bitcoin is doomed!!!!!  Too many green candles.  This is not natural.. right, peeps?

I guess what you really mean is "Get the fuck out of here with your capitulation nonsense!"

But you're too kind to be so blunt  Tongue
JayJuanGee
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June 30, 2018, 01:51:21 AM

my new bottom call

2250

Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target?


Sell, sell, sell.. bitcoin is doomed!!!!!  Too many green candles.  This is not natural.. right, peeps?

I guess what you really mean is "Get the fuck out of here with your capitulation nonsense!"

But you're too kind to be so blunt  Tongue

hahahahahahaha...

I have sensed that I have been acting "overly nice" recently.
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June 30, 2018, 01:53:15 AM

Let's see if it holds until Monday.

(Note to self: the expiry date of those futures is really a watershed.)
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June 30, 2018, 01:55:46 AM

*looking at the price...yep, still $6240...*

*look away for a few minutes*

*look at the price again...$6420*

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