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

[jojo69]

1-800-How’s-My-Driving

pretty decent, this is all just noise in the falling wedge so far.  I put our next date with destiny in mid November when we will meet an ascending log trend that dates back to 2012.  Find support there and we are parabolic again, fail that support and we, finally, start to get real capitulation with 3K almost assured and 1200 not out of the question.

I, for one, am shifting my focus to fiat accumulation to be in a position to take advantage of the latter possibility.

[JayJuanGee]

https://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=61CD5B55-EA3E-41F2-BB4B-3EEB7879131F#

The purpose of the hearing is to consider the energy efficiency of blockchain and similar technologies and the cybersecurity possibilities of such technologies for energy industry applications. In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications? In addition, how can we evaluate whether blockchain and similar approaches will soon improve the cybersecurity of computing systems used to supply our energy?

Boy, I wish I had a cushy govt job where I could get paid to just go to meetings and hearings and spout off a bunch of meaningless, irrelevant mumbo jumbo about things that I have no idea what I'm talking about.  

That part that you quoted is really dumb... it is a very similar talking point that Vitalik makes about bitcoin being inefficient in terms of energy.

And, part of the dumbness of it remains that the mining of bitcoin remains individually incentivized in part based on electricity costs, so individuals are deciding freely how much to spend on their particular mining operation.  In the end, who gives a shit if they end up losing money or wasting electricity, because they are going to have to pay for it.. which also causes a kind of incentive for them to become more efficient in order to .. wait.. wait.. wait.....

attempt to make more profits.....

Capitalism free market at its best is to allow the individuals to decide and to gamble and hope to beat others in order to make more money for themselves.

[JayJuanGee]

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind  

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

What you gonna do with your bitcoin, once it reaches $50k?  you totally cashing out and buying gold?   hahahahahahaha  

So, if bitcoin "crashes back to $10k", you will be protected, but would you be protected if bitcoin crashes from $50k to $500k?

Seems like I already asked you this, but I still don't recall whether your actual answer (plan) is reasonable in order for you to be able to really sit back and relax and be protected for a variety of scenarios:  What you gonna do?  What you gonna do?

PS:  Actually, part of the reason that I am asking this again with such earnest is because $50k is seeming more and more likely to be on its way... even compared to late 2017 / early 2018....   It is possible that we could be at $50k less than a year or it could take a few years, but it is seeming to have decent chances, especially after this most recent correction from $19k to $6k... and so we are actually fueled up pretty well for another shot... seems to me.


PPS:

myself also still whitout children BUT i do think 50k coins are there in the near future "few years to be near future...." if its faster its all good but @50K i will not liquidate all of my coins .... i think i would max sell 30% or so then see how everything goes

I JUST LIKE MY COINS TO DAMN HARD  

At $50,000 I’ll probably sell about half & live off the rest, maybe buy a bunch of real estate so there’s constant money still coming in.

I see if I had read ahead, then I will see that you have a kind of 50% and rough outline..   To the extent that you do not buy real estate, it sounds as if you might be cashing into fiat, no?  would that just sit in a bank or would you have it hedge invested in some kind of fiat investment that you believe to be more liquid than bitcoin?

[JayJuanGee]

http://blog.mclain.ca/buy-and-hold-31-cryptocurrencies-for-365-days-week-52/

This is the final instalment of one geezer's 52 week journey of buying and holding.

Result - just under break even.

Makes it appear that there is some kind of value in dabbling in other cryptos, besides bitcoin  - and seems like a possible BIG ASS waste of time and energies, while getting lost about what is the best of the long terms of the cryptos - and that is bitcoin.  Sure, maybe you can play around with some other cryptos, but you gotta be careful not to get lost with their distractions.. and even mentally considering some other cryptos as if they were long term and fundamentally competitive to bitcoin.

[infofront]

https://twitter.com/Beastlyorion/status/1032121259209969665

[JayJuanGee]

Bitcoin in Dec 2021 (more than 18 mo after halving) would be...

1. At peak (similar to 2013 and 2017)? 100k? 160K?
2. Coming off earlier blowoff peak in 2019-2020?
3. Being stuck in the doldrums, albeit with a higher price of 8K-10k?

IMHO, probabilities (from scenario 1-3) are 40%, 30%, 30%.

Your opinion?

Interesting scenarios, and they do seem to cover several possibilities, but not all of the possibilities, right?  So the answers could not add up to 100%, unless the answers are covering all of the possibilities in your list of scenarios. Right?

[HairyMaclairy]

pretty decent, this is all just noise in the falling wedge so far.  I put our next date with destiny in mid November when we will meet an ascending log trend that dates back to 2012.  Find support there and we are parabolic again, fail that support and we, finally, start to get real capitulation with 3K almost assured and 1200 not out of the question.

Agree.  I believe we cannot achieve capitulation without breaking downwards from the log trend from 2012.  It’s only a question of time. I also believe we will hit absolute bottom within a month of breaking the log trend and start the long slow road to $100k plus.  I have no idea what the bottom number is - I can only measure by time until halvening.  But by definition, capitulation is a number low enough that it puts the fear of the end of the world into sellers.  

Edit:  there is a real possibility we will break upwards from the descending wedge once or twice more before we break downwards from the long term log trend from 2012.  This would moderate the depth of the plunge when we do break.  

[El duderino_]

SOON!!

 Sorry I'm out of sMerits again!




edit: Thank you, merci!

Doing what i can with my remaining 3 Smerits but man i recieved a (very generous amount of Smerits....) last weeks , but they fly away .......  like its nothing , whatever Just woke up early and love to see a pump in the morning hours it fits good with my coffee and morning exercises So keep Going BTC doing good  

[wayna]

There is certainly a wall that keeps the price not going under 5500 USD but this period has been pretty flat. This could be a good moment to buy but I still expect a bearish trend until the end of September, maybe more.

I am actually waiting for a lower price

That's a speculation but this end of the year won't be as much bullish as 2017 was.

[Phil_S]

https://twitter.com/Beastlyorion/status/1032121259209969665

It's 3:8 time scale, but yeah pretty similar:

https://bitcointalk.org/index.php?topic=178336.msg44232758#msg44232758

[JayJuanGee]

Calamari for everyone!

I'm getting confused.  What was the Calamari thing?  I recall mentioning that I got a funny stomach from eating too much Calamari, and Mymenace told me to fuck off.  I don't recall any Roach post about Calamari.

[reactorjuno]

Did I dream or BTC price gained + 300 USD in 1 minute at 1 UTC at the time of maintenance of Bitnex platform  I can smell manipulation, a boss who wish a leverage x100 to get the jackpot. Can not predict such a thing !! ... but well perhaps we are heading to 8k, who knows?

[crypmike]

They are fine



https://twitter.com/crypto/status/1032180963655200768

[HairyMaclairy]

I smell hubris at Bitmex

[Rosewater Foundation]

Calamari for everyone!

I'm getting confused.  What was the Calamari thing?  I recall mentioning that I got a funny stomach from eating too much Calamari, and Mymenace told me to fuck off.  I don't recall any Roach post about Calamari.

The Jews are manipulating the world into thinking squid is food. It's all very subtle and nefarious, lots of ins and outs.

[Rosewater Foundation]

I, for one, am shifting my focus to fiat accumulation to be in a position to take advantage of the latter possibility.

Ballsy. I wish you excellent good luck.

[realr0ach]

That's why I don't reproduce.  I'm only responsible for ruining myself.

You're a shitlib and most shitlibs are not keen on reproducing.  It's not possible to become a shitlib without having bad genes, an inferiority complex, and having been stuffed in trash cans all through high school, which makes it so you can only relate to other weaklings, underdogs, and gutter trash.  The first person to accurately classify leftism as a mental illness based on inferiority complex was Ted Kaczynski.  Hopefully he's more famous someday, because this is probably the most widespread and dangerous mental illness that exists.

You see no reason to reproduce because A)  You're scared that your genes are not up to par and will create some type of physical abomination because deep down you see yourself as the 'untermensch', and B)  You think it will just be a form of torture on the child anyway by having a large chance of becoming a replica of yourself.  Yes, you might be able to claim you have some other valid reason, but if all those were eliminated, it all comes back to points like these.

As for me, I really just do not live in the same universe as you people and see things like marriage as the equivalent of signing a contract binding you to be the legal caretaker of a prostitute, while also proclaiming that women are equal to men, so just nothing about it really adds up to me.  No, Icygreen, I will not marry you.

[Rosewater Foundation]

That's why I don't reproduce.  I'm only responsible for ruining myself.

bad genes, an inferiority complex, and having been stuffed in trash cans all through high school, which makes it so you can only relate to other weaklings, underdogs, and gutter trash.

This is why we get along so well. We're kindred gutter trash.

[El duderino_]

for all maybe upset not buying bottom .... do not mind still many waves to ride untill ATH and especially the next ATH's so keep buying when there are
opportunity's 

[realr0ach]

for all maybe upset not buying bottom

Is this the 75th Micgoossens bottom call?  And has down syndrome gone airborne on the forum again?  Because you have yet another day of no volume anywhere except the single entity that controls the price operating on Bitfinex, and he makes it so fucking obvious it's just mind blowing and people think this is all perfectly normal to have the whole market rigged by a single actor not for days, weeks, months, but YEARS LOL.  

How do people even call this shit a market?  There is no market.  There's just 1 person on Bitfinex.  The most fraudulent of Jewish assets is more of an aggregate market than this.  The only real question is what wold the bitcoin price be without this guy?  He almost single handedly dragged the entire market from $200 to $20,000 all by himself with Bitfinex fraud, tethers, and other bullshit.  Satoshi is a completely irrelevant figure compared to the effect this serial scammer has had on bitcoin.