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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.7%)
H2 2019 - 16 (10.3%)
H1 2020 - 29 (18.6%)
H2 2020 - 28 (17.9%)
H1 2021 - 12 (7.7%)
H2 2021 - 31 (19.9%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.6%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 156

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21292900 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. (102 posts by 19 users deleted.)
bitebits
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Bitcoin != exchange rate


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August 12, 2018, 07:38:40 AM
Last edit: August 12, 2018, 08:02:17 AM by bitebits
Merited by JayJuanGee (1), micgoossens (1)

still bearish

May I genuinely ask why? I can't think of much to be bearish about, especially not justifying a 30% downswing in two weeks time long after the December ATH.
Don't let the reason be 'because the price goes down', since that is a poor and manipulable indicator of Bitcoin's state. Think for yourself.
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bitebits
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August 12, 2018, 07:57:04 AM

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

Brilliant. Thanks for posting.
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no FOMO


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August 12, 2018, 08:13:12 AM


... best friend ...financial adviser...convinced me that whole life insurance was a good investment.


yeah...the return on that policy isn't the only thing that isn't adding up here
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August 12, 2018, 08:18:22 AM

still bearish
May I genuinely ask why? I can't think of much to be bearish about, especially not justifying a 30% downswing in two weeks time long after the December ATH.
Don't let the reason be 'because the price goes down', since that is a poor and manipulable indicator of Bitcoin's state. Think for yourself.

Basically no deer will ever understand except memory dealers

and sadly the deer's have no eyes

with the volatility memories have become passe

yet the escape will be worst for the deer's left behind
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How much alt coin diversification is needed? 0%?


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August 12, 2018, 08:29:34 AM

I wouldn't hate on Roger too much, he helped make bitcoin what it is today and was one of the first merchants to accept bitcoin as payment.

I'm heavily behind bitcoin but on the dark web now most sellers are only taking Monero and not BTC.

Two nonsense points.

First there is plenty of reasons to hate on Roger, and second, who gives a ratt's ass about Monero.  this is a bitcoin thread. 
HairyMaclairy
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August 12, 2018, 08:34:26 AM

Monero has its own problems.  The transaction fees hurt and supply is not fixed.
JayJuanGee
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How much alt coin diversification is needed? 0%?


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August 12, 2018, 08:43:10 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?
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August 12, 2018, 08:58:18 AM

Bitcoin is getting weaker and weaker as the time goes but in the recent month I think we will see a rapid rise of btc. And eventually it will benefit both new and current investors but those who cash out will be in loss
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August 12, 2018, 09:10:36 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

The memories of future's past have come back to haunt
Seeing bitcoin evolve into an army of damned
But my menace persisted in haunting me

Never unyielding, always vigilant
Hunting as taught by the very trolls that mocked
the menace never stopped, silently creeping in at night
distracting, thought provoking and downright unnecessary



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August 12, 2018, 10:17:02 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Paper is only big in btc due to futures.

Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'.

Have more fun.
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$100,000 BTC in one hour🍄💊


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August 12, 2018, 10:20:36 AM

It's always good to keep a diversified portfolio, and thankfully I can afford to lose what I've put in if it dies completely (which is not likely to happen imo).

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Paper is only big in btc due to futures.

Hodling sw and ln by falling dominance from 99% to below 40 and from absolute value near 20k to below 6k speaks all for your 'bright mind'.

Have more fun.
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August 12, 2018, 10:30:11 AM
Last edit: August 12, 2018, 10:42:34 AM by HairyMaclairy
Merited by JayJuanGee (1)

Tee hee hee

The post below explains that Bitmain is valuing its 1.02 million Bcash lol coins at their acquisitik cost and not at their market value.  That’s because Bitmain paid over twice what those Bcash lol coins are now worth.  Suckers.   No wonder they want to IPO - they are desperate to dump their Bcash lol bags.

The Bitmain IPO is just an attempt to do a massive Over The Counter sale of 1 million Bcash lol coins.  I wonder if any Chinese are dumb enough to fall for it.

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August 12, 2018, 10:50:25 AM

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

Brilliant. Thanks for posting.

now censored. what did it say?
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August 12, 2018, 11:01:03 AM

PSA: exchanges will start to wobble at under 6k. 1 or 2 self-hacks must be expected at times like that. Get your money off the exchanges as soon as you have done your business. Do not 'invest' more than you can afford to lose.

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August 12, 2018, 11:35:51 AM
Last edit: August 12, 2018, 11:59:37 AM by pönde

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

The Monero and Bitcoin transaction fees are very close to each other. There is not practical difference, exept during the high volume times Bitcoin has had actually higher fees.
https://bitinfocharts.com/comparison/monero-transactionfees.html
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Also, the Transaction fees of Monero will be decresed even more by 80-90% by the bulletproofs.
https://ethereumworldnews.com/monero-bulletproof-protocol/
https://getmonero.org/2017/12/07/Monero-Compatible-Bulletproofs.html

In addition The Tari Project which is a second layer protocol for Monero, will cut the transaction fees to fractions by Lightning Networks. It will also bring Atomic Swaps, Internal assets and much more for Monero.
https://www.tari.com/

The "not fixed" supply is not a problem at all. There is a fixed tail emission for Miners to have an incentive to mine. And because the tail emission is fixed, the emission in relation to existing supply will be decreasing. Also, the tail emission will be very low. 0,6XMR per 2 minutes block. That is only 432XMR per a day.
https://getmonero.org/resources/moneropedia/tail-emission.html

Also, the Tari Protocol will be merge Mined with Monero.
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August 12, 2018, 11:55:19 AM
Last edit: August 12, 2018, 12:22:48 PM by drays

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.

But I am not really social media aware guy, and I may easily miss something. So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?

P.S. Please don't call me FUDder. Yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.
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August 12, 2018, 12:00:23 PM

Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

This is what worries me (apart of lack of humor or differences in humor perception): redditers are still bullish, very bullish.. too bullish. And not only redditers, but here in BCT too - no despair traces are visible en masse. No despair - no trend reversal, and I wonder how long this market can drop until people finally panic. I understand it is hard to shake out old Bitcoiners, but the new entrants should have already started to capitulate. But nope - even those who think Bitcoin will drop further, are setting 3K target, and expect moon then (in ~2 years). This particularly should mean the 3K bottom is to never happen - as too much people expect it. Bitcoin should either bounce noticeably higher or noticeably lower. Given the absence of despair now, I start to think it could go lower... which is highly undesirable scenario as I see it, as it will punch through weekly MA200 then, and also its will be disaster for miners and many crypto businesses.

So... a question: did anyone see traces of mass panic in social media, enough to call it a mass sentiment..?

P.S. Please don't call me FUDder, yes, I am not a bull now, and I miss TERA2 here, but I am just expressing my own concern, and will be genuinely interested in what people here think of this.

There's doesn't need to be "mass panic". That's not a necessary requirement to determine whether the bottom has happened.
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August 12, 2018, 12:18:04 PM

There's doesn't need to be "mass panic". That's not a necessary requirement to determine whether the bottom has happened.

Mass panic selloff - despair - indifference - the time of low interest by general public, and active work by the core supporters -- then natural growth from inside, caused by the persistent work of real value creators, such as developers, adopters and promoters.
I believe before BTC can grow again, there should be new achievements to show, and more healthy community caring about fundamentals, not just price.
This is how I see normal way of resolving the consequences of the latest bubble.

I wonder how do you see the possible path? Do you really think BTC is ready for another rally in this situation now? Or you think it can go sideways long enough so new development matures and adoption kicks in?
mymenace
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August 12, 2018, 12:27:35 PM

There's doesn't need to be "mass panic". That's not a necessary requirement to determine whether the bottom has happened.

Mass panic selloff - despair - indifference - the time of low interest by general public, and active work by the core supporters -- then natural growth from inside, caused by the persistent work of real value creators, such as developers, adopters and promoters.
I believe before BTC can grow again, there should be new achievements to show, and more healthy community caring about fundamentals, not just price.
This is how I see normal way of resolving the consequences of the latest bubble.

I wonder how do you see the possible path? Do you really think BTC is ready for another rally in this situation now?

Wow, so insightful, exactly what a lot of people have been saying
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August 12, 2018, 12:29:58 PM
Last edit: August 12, 2018, 06:05:31 PM by bitebits

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

I know this is a bitcoin thread, but please do your research before you state such nonsense.

- The transaction fees are still very reasonable for an always fully private transaction (<$0.30) + Monero will have 'Bulletproofs' in the September upgrade, reducing the transaction size with >80%.  

- The supply not being fixed is not a problem, it is a very deliberate awesome feature. It will be <1% yearly and percentage wise further decreasing over time (likely less than the amount of moneros lost per year in boating accidents). In exchange there will always be a miner incentive, thus not having to rely on a fee market like bitcoin does: this allows an adaptive blocksize!

Monero learned from the issues Bitcoin has. Don't be auto-dismissive, the thing we detest so much about no-bitcoiners.
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