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Question: Closing BTC Price June 28:
$0 - 5 (3.1%)
<$7,000 - 4 (2.5%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.8%)
$9,000-$9,499 - 4 (2.5%)
$9,500-$9,999 - 27 (16.6%)
$10,000-$10,499 - 24 (14.7%)
$10,500-10,999 - 12 (7.4%)
$11,000-$11,499 - 14 (8.6%)
$11,500-$12,000 - 15 (9.2%)
>$12,000 - 41 (25.2%)
>$20,000 - 13 (8%)
Total Voters: 163

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21244903 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. (66 posts by 16 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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July 10, 2018, 03:03:23 AM

I can relate to economizing and frugality up to a certain point, but at some point, you have to begin to treat yourself.

Yeah, while you are building your nest egg and your various financial assets, you might want to be extremely focused on utility and lack of depreciation; however, at some point, there is value in treating yourself and even showing status that comes with new products that depreciate - a car being a decent example of such.

Well, I did treat myself to a bit of a splurge, a 32 valve 5.0L Porsche 928S, bad assed little car that's pretty unique on the road.

If you go from one extreme to the next, then how am I supposed to be able to have a meaningful conversation with you?

At one point, you sound as if you are advocating a kind of fancy car abstinence, and then a few posts later, you are describing yourself as one of the most spendy of spendy consumers?


A new Toyota or even Tesla just doesn't add much in the wow factor for me.

Yes, people are different.  Surely, some cars are more practical than other cars, and some cars have more wow factor, so of course, this will vary based on your own history and experience and/or who you might be attempting to impress, besides yourself.


A Lambo has been on the mental table, but I'm not sure if I can fit in one for a longer drive.

Yeah, I had noticed that Lambos are very low to the ground, so sometimes physical flexibility getting in and out and just overall comfort too, could be a factor.   So the lack of practicality would likely make it just a fun extra car, rather than a regular use car.

Maybe if bitcoin tops 25k I'll pick one up just for giggles or something. But even then I would prefer a Diabalo as opposed to something new (The LP500S is amazing looking but a total bitch to drive. I tried it, too much work by far).

You seem to know more about different Lambo models and options, than me.  I have not even considered any kind of car like that for myself.


Guess I'm just not at the showing status portion of my life yet.

Could be, but sounds like you are a bit ambivalent.

But I can understand the lack of wanting to wrench,

For sure.  I used to do a lot of my own self-repair, but my own wilingness to repair has gone down, but like others have mentioned, too, cars have become a bit more difficult to self-repair, too (computerization matters and other special tools/parts).

I'm just pointing out to my kids that it's a lot cheaper to fix something themselves and spend money on hookers and blow than have a new car and no H+B. :-)

C

Surely, it is a good thing to teach kids about different kinds of self-sufficiencies, but also how to control some of their temptations and self-indulgences.  Of course, kids do not necessarily follow the guidances of parents, but it is good to give them guidance -and even presenting ideas of deferred gratification would be good, and leading by example might be more powerful than any words that you were to use.



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July 10, 2018, 03:15:11 AM

Yes.  At the time of Roger's lock-up for the "fireworks", he was 22 years old and an unknown, but just from his description, he did not seem to experience any kind of real torture, and overall he may have received a bit on the kit glove treatment side.  

If Roger were locked up now, he could have some bad experiences based on his exponentially increased notoriety - but since he is rich, too, currently, rich people do NOT tend to get tortured when they go to jail, unless there are really extreme and revolutionary things going on in the society.  By the way, I would not wish torture on anyone, even if they have some despicable personality traits, but there are concepts of fairness/justice that assert that letting the punishment fit the crime would be the right thing to do in figuring out punishment(s).

Punishment should fit the crime but what should the punishment be when the crime is fabricated and the real crime is bucking the system and how do you prove that?

I was merely spouting out generic principles, regarding striving to have the punishment fit the crime, and certainly criminal prosecution and conviction is a public good with public input and guidelines.  Some jurisdictions have strict guidelines and other jurisdictions allow for a lot of judicial discretion (as long as such discretion fits into social norms and expectations).  Of course, as long as sentencing judges are respected by the community, they would have more discretion to fit sentences.

So, at this point, Roger has not been convicted of anything, but if he were convicted of fraud or misrepresentation or caught with some other form of insider trading (stealing money from investors), then those kinds of crimes would be assessed for punishment.. so yeah, we are really talking hypothetical, when he has not even been charged with anything, so far as far as I know... and a lot of the character faults that I have been pointing out might be moral and ethical rather than something that could result in criminal prosecution/conviction (which may be on another level, if it were provable).. 

On the other hand, another reference that I made was a kind of informal justice (or maybe even considering a kind of vigilante justice) that might come in a prison setting, and sometimes guards and prisoners could end up metting out kinds of punishments that might not even be just or fit into criminal categories.
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July 10, 2018, 04:10:37 AM

Yes.  At the time of Roger's lock-up for the "fireworks", he was 22 years old and an unknown, but just from his description, he did not seem to experience any kind of real torture, and overall he may have received a bit on the kit glove treatment side.  

If Roger were locked up now, he could have some bad experiences based on his exponentially increased notoriety - but since he is rich, too, currently, rich people do NOT tend to get tortured when they go to jail, unless there are really extreme and revolutionary things going on in the society.  By the way, I would not wish torture on anyone, even if they have some despicable personality traits, but there are concepts of fairness/justice that assert that letting the punishment fit the crime would be the right thing to do in figuring out punishment(s).

Punishment should fit the crime but what should the punishment be when the crime is fabricated and the real crime is bucking the system and how do you prove that?

I was merely spouting out generic principles, regarding striving to have the punishment fit the crime, and certainly criminal prosecution and conviction is a public good with public input and guidelines.  Some jurisdictions have strict guidelines and other jurisdictions allow for a lot of judicial discretion (as long as such discretion fits into social norms and expectations).  Of course, as long as sentencing judges are respected by the community, they would have more discretion to fit sentences.

So, at this point, Roger has not been convicted of anything, but if he were convicted of fraud or misrepresentation or caught with some other form of insider trading (stealing money from investors), then those kinds of crimes would be assessed for punishment.. so yeah, we are really talking hypothetical, when he has not even been charged with anything, so far as far as I know... and a lot of the character faults that I have been pointing out might be moral and ethical rather than something that could result in criminal prosecution/conviction (which may be on another level, if it were provable).. 

On the other hand, another reference that I made was a kind of informal justice (or maybe even considering a kind of vigilante justice) that might come in a prison setting, and sometimes guards and prisoners could end up metting out kinds of punishments that might not even be just or fit into criminal categories.

I was just speaking in generalizations and my query had no connection to Ver. I agree with your general sentiments (IE bolded).
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July 10, 2018, 04:27:58 AM

https://www.ccn.com/major-futures-exchange-cboe-files-for-bitcoin-etf-increasing-probability-of-approval/
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July 10, 2018, 05:26:18 AM

So price wise, is this going deeper or are we out of the dark? I personally think that we will go and test prices around 3xxx, where it should bounce back up. Again, no real TA behind it, just my own prediction based on different articles and stuff.

Would like to hear what TA specialists have to say about this. And maybe throw us some graphs.

You read a bunch of articles saying that bitcoin is going down, therefore the weight of the evidence causes you to feel that there are pretty decent chances that bitcoin is going down.

That makes a lot of sense.    Roll Eyes

You are wrong, try not to assume so much. In December most articles were about how it's going to the moon and extreme levels, though I was pretty sure around 12-13k it will crash soon and hard, ppl were still buying pretty actively then. I can read 10 positive articles and have a negative view after that, or vice versa.
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06/19/11 17:51 Bought BTC 259684.77 for 0.0101


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July 10, 2018, 05:33:48 AM


That's bullish.
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July 10, 2018, 05:37:00 AM
Last edit: July 10, 2018, 05:51:13 AM by Anon136

Does anyone know a good non-dead thread for lightning network discussion?

Also does anyone else have a lightning node? I'll send you some satoshi for testing.
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July 10, 2018, 05:43:08 AM

The De Tomaso looks like fun.  My wish list goes something like this:

*Local Motors Rallyfighter
*Ford RS200
*Ford Sierra RS Cosworth
*Ford GT40 replica
*Mercedes 450 SLC
*997-II 911 Turbo
*Lancia Delta S4 Stradale
*Mitsubishi Evolution Tommi Makinen 6.5

Can you tell us more about your truggy Jojo?
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July 10, 2018, 06:08:35 AM

Uh oh...

looks like bitcoin is still under $10k

 Cry

Did someone delete the blockchain?
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yes


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July 10, 2018, 07:02:38 AM

My take on the current state affairs.

And yes, you may mine some Nimiq (https://www.nimiq.com/) and send me a small tip  Roll Eyes
Much appreciated.

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July 10, 2018, 07:04:57 AM

I will admit that Roger ...

There is a bit of a strange overlap with his supposed concept of wanting decentralization, but wanting to have veto power, too...

OK, I'll bite. What is this 'veto power' of which you speak?

It is a concept that Roger Ver does not want to participate unless he gets his way.  

So to you, withdrawing from participation is 'veto power'.

Whoaza, jbreher dee bcash supporting bear.   Your blind support for Roger Ver seems to be causing you to distort and twist what I said about that emotional self-absorbed nutjob, also known as Roger Ver.

No. The convo is clear to all who will read it. You are the one who defined 'veto power' as "a concept that [someone] does not want to participate unless he gets his way".
HairyMaclairy
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July 10, 2018, 08:05:37 AM

I think ABC Bitcoin announcing hard forks on short notice and telling everyone to get in line or be left behind on the minority chain counts as veto power
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July 10, 2018, 08:09:06 AM

Does anyone know a good non-dead thread for lightning network discussion?

Also does anyone else have a lightning node? I'll send you some satoshi for testing.

there is a German thread but I don't know about a English thread. I'm also interested to do some research the next days.

https://bitcointalk.org/index.php?topic=1741929.0
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July 10, 2018, 09:53:37 AM

price manipulation at its finest
Phil_S
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We choose to go to the moon


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July 10, 2018, 10:08:29 AM

The poll is 50/50.

So it's either Yes or No.

I'm glad we cleared this up.  Smiley
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July 10, 2018, 10:19:03 AM

Dearest BMB,

Noticed you had a glimmer of hope still. Let me just crush that for you.

Sincerely, 

Life

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July 10, 2018, 10:20:43 AM

Dearest BMB,

Noticed you had a glimmer of hope still. Let me just crush that for you.

Sincerely, 

Life



This is not the bottom.

Sincerely, 

The Asshole
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How much alt coin diversification is needed? 0%?


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July 10, 2018, 10:20:54 AM

So price wise, is this going deeper or are we out of the dark? I personally think that we will go and test prices around 3xxx, where it should bounce back up. Again, no real TA behind it, just my own prediction based on different articles and stuff.

Would like to hear what TA specialists have to say about this. And maybe throw us some graphs.

You read a bunch of articles saying that bitcoin is going down, therefore the weight of the evidence causes you to feel that there are pretty decent chances that bitcoin is going down.

That makes a lot of sense.    Roll Eyes

You are wrong, try not to assume so much.

How could I be wrong or assuming, when I am merely attempting to make a parity out of your earlier post by summing it up?

Are you now qualifying what you said,  or are you asserting that I mischaracterized what you said?


In December most articles were about how it's going to the moon and extreme levels,


So what?  We get articles that go with the momentum all the time, and when the trend reverses, those articles end up being wrong.  You are not saying much by merely describing what a bunch of articles are saying, especially if they are just talking about the trend... and having higher (or lower) expectations depending on the then BTC price direction.


though I was pretty sure around 12-13k it will crash soon and hard, ppl were still buying pretty actively then.

Well, yes many of us had sentiments regarding the topping of the BTC that just kept going up, and up, and up, and I had similar sentiments.

It remains amazing how those bullish sentiments work, and the bearish sentiments work in similar ways, too.

At some point, any of us become wrong.


I can read 10 positive articles and have a negative view after that, or vice versa.

Ok.  That is good, but that is not what you seemed to be saying in your previous post.

In any event, if you are not tweaking your previous prediction, then it seems that you are continuing to anticipate the BTC price to bottom out in the $3k-ish price territory...    What kind of action are you taking to prepare for your anticipation of the price movements?  Did you sell some or all, or are you planning to do it at certain price points?  Are you holding?  Are you planning to buy?  If you are planning to buy, at what price points would you do it?  Do you play with margin or not? 
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July 10, 2018, 10:23:43 AM
Merited by BlindMayorBitcorn (1)

price manipulation at its finest

Got to say that was a good one. Wait for MA cross. Wait for inverse H&S to near completion. Wait for sentiment across TA commentators to pick up.
Then dump.
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July 10, 2018, 10:27:39 AM

this is the last dump before the next leg up will bring us to over $7000. you heard it here first! Smiley
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