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Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21406670 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. (109 posts by 22 users deleted.)
micgoossens
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October 22, 2018, 10:54:30 PM

Looking at 2014/15 bear market & comparing market phases (Price/RSI)

Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout

If BTC follows the same trend, I think the next major move will be




came across this one ..... another BULLISH TA    #whenBULLISh = good for me   Grin

I will concede that overall the comparison is bullish; however, I would also speculate that the UP trend period would NOT necessarily be as DRUG out as it was between late 2015 and late 2017 - just because some of the dynamics in the whole crypto space have changed... I am NOT saying anything new here because I think that others have suggested that another UP that might be coming in the near future (perhaps imminent) would have decent chances of taking place in a more collapsed time frame.

By the way, we also know that some folks like to make their BTC price predictions around our upcoming 2020 halvening, and I don't necessarily disagree with the placement of a decent amount of weight and significance necessarily to the dynamics that come about because of the perception of decreased BTC supply and the actuality of decreased supply... yet if sophisticated money is already going to largely know about the algorithm of the BTC halvening - even though they also may attempt to play the BTC market, at the same time to attempt to manipulate down as much as they can, while they can.  In the end, part of the point that I am attempting to make here is that upcoming BTC price movements do not have to either pattern upon previous halvenings, and really BTC price dynamics (including some kind of additional exponential price growth period) could just run rough shod over the whole halvening creating a timeline and price performance pattern that does not resemble previous patterns (aka "fractals" as we have also seen them to be called... hahahahahaha).   
I also don’t believe price follows previous patterns always.... just a new market changin all the time with user count increasing every day etc.......
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October 22, 2018, 10:56:39 PM

There's a whole world full of wall observers out there just waiting to sell the next bull run. And I should know. Those of us still hodling the bag missed the chance of a lifetime. That's the short and long of it until I'm proven wrong.

Here: https://www.youtube.com/watch?v=-Oqrd4GmZ3g

Yeah right.   Roll Eyes Roll Eyes

Recall the last price rise that started in about September/October 2015 - and we did not really realize it until about May 2016?  During that time, there were all kinds of price points in which bitcoin naysayers (and alt coin pumpers) were suggesting that the quantity of BTC sellers was going to be overwhelming - $500, $1,000, $3k, $7k, $10k $15k, and so far the only one that has been correct was $20k (temporarily I might assert).

So, get the fuck out of here with proclamation of overwhelming current BTC holders outnumbering the folks FOMOing in to BTC.  Good luck if you rely on such propaganda and end up selling too many BTC at too low of a price and end up having NONE left to sell in the supra $30k prices.
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October 22, 2018, 11:03:35 PM


Of course, Bitcoin has a "political" component, and really it is challenging (or disrupting as some might describe it) the idea about the extent to which government and money should be separate.  

It is NOT a given that the theoretical concept that government and money should be separate is true because there has never really been any system of such, ever... at least not in the modern world and no where near on the world-wide scale that bitcoin attempts to accomplish.

Ultimately, I agree that bitcoin seems to be providing a kind of neutral opportunity for a money system that is somewhat separate from any government's ability to control it - but it surely is neither a given that bitcoin is going to be successful (or the winner in such regard) nor that various governments are not going to make systematic attempts to battle it, in the event that they figure out that they are losing any kind of meaningful control over it.

The possible government jostling for position in regards to bitcoin could well take more than 50 years to play out, in spite of the already seemingly fast growth of bitcoin, there could still be some significant battles along the way - and even a decent amount of coordination attempts between jurisdictions regarding how to "deal with" this bitcoin matter.

Surely, I am not asserting that bitcoin is going to fail because of these expected ongoing battles, and au contraire, I anticipate that current and future BTC investors are likely going to prosper stupendously (in financial and self-empowering ways) because of their ongoing investment in bitcoin, despite likely ongoing battles between status quo government and financial institutions and in spite of likely ongoing volatility that remains almost inevitable to go in both ways because of such battles and also because of the volatility of adoption of new (never before seen) systems around bitcoin.

LUCKILY when BTC = sideways (boring) and WO = quiet  (following BTC), i post a few things passing me by during the day, so that you can still write the F*** out of your keyboard  Tongue  Roll Eyes  Grin        (where do you keep finding your walls of text)

Just random stream of consciousness.. hahahahaha
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October 22, 2018, 11:11:09 PM

So, get the fuck out of here

You make an interesting point.



I'll get my over-coat...
micgoossens
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October 22, 2018, 11:19:06 PM

via Imgflip Meme Generator


https://www.wsj.com/articles/can-bitcoin-become-a-dominant-currency-1540174021?redirect=amp#click=https://t.co/qf69dgve5i
JayJuanGee
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October 22, 2018, 11:34:06 PM

So, get the fuck out of here

You make an interesting point.



I'll get my over-coat...

Maybe some kind of armor suit would be better?
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October 22, 2018, 11:55:24 PM

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.
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October 23, 2018, 01:32:27 AM

Risk premium on Tether slowly dropping following last week BFX panic

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When moon?


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October 23, 2018, 01:34:00 AM

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.
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October 23, 2018, 01:44:49 AM

Rosewater Foundation
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October 23, 2018, 01:45:13 AM
Merited by xhomerx10 (1), Last of the V8s (1)

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.


I make vital contributions. I'm the soul of this place, dammit!
jojo69
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no FOMO


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October 23, 2018, 01:48:46 AM

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now
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October 23, 2018, 01:59:31 AM

LUCKILY when BTC = sideways (boring) and WO = quiet  (following BTC), i post a few things passing me by during the day, so that you can still write the F*** out of your keyboard  Tongue  Roll Eyes  Grin        (where do you keep finding your walls of text)

Just random stream of consciousness.. hahahahaha

Just hope you respect your fingers and use a mechanical kb. Mushy membranes are the undoing of many a good digit.
infofront
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October 23, 2018, 02:22:00 AM

Looking at 2014/15 bear market & comparing market phases (Price/RSI)

Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout

If BTC follows the same trend, I think the next major move will be




came across this one ..... another BULLISH TA    #whenBULLISh = good for me   Grin

I will concede that overall the comparison is bullish; however, I would also speculate that the UP trend period would NOT necessarily be as DRUG out as it was between late 2015 and late 2017 - just because some of the dynamics in the whole crypto space have changed... I am NOT saying anything new here because I think that others have suggested that another UP that might be coming in the near future (perhaps imminent) would have decent chances of taking place in a more collapsed time frame.

By the way, we also know that some folks like to make their BTC price predictions around our upcoming 2020 halvening, and I don't necessarily disagree with the placement of a decent amount of weight and significance necessarily to the dynamics that come about because of the perception of decreased BTC supply and the actuality of decreased supply... yet if sophisticated money is already going to largely know about the algorithm of the BTC halvening - even though they also may attempt to play the BTC market, at the same time to attempt to manipulate down as much as they can, while they can.  In the end, part of the point that I am attempting to make here is that upcoming BTC price movements do not have to either pattern upon previous halvenings, and really BTC price dynamics (including some kind of additional exponential price growth period) could just run rough shod over the whole halvening creating a timeline and price performance pattern that does not resemble previous patterns (aka "fractals" as we have also seen them to be called... hahahahahaha).  

The 2013 "Double Pump" scenario is a possibility for sure. The second bull market would be short and violent, like late 2013. It would then be followed by the mother of all bear markets - til 2021? 2022?

As an aside, I think future halvenings will be non-events. The annual inflation rate is now below 4%.
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October 23, 2018, 02:35:37 AM
Last edit: October 23, 2018, 02:48:22 AM by marcus_of_augustus
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Why BTC pump based on this situation alone?  Can someone provide a quickie explanation about why BAKKT futures are significantly different from the already existing futures of CME and CBOE (that have been in place for nearly a year)?

... next day settlement, i.e. 24 hr delivery of the bitcoin, on-chain redemption.

At least that's what they are claiming but it doesn't exist in reality, yet.

CME, CBOE are futures contracts that expire in 1-month, 3-month and 6-month periods and settled using cash (fiat).
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October 23, 2018, 02:41:09 AM

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now


Hey... it makes more sense to describe physical delivery of a virtual asset, such as "the private keys to X bitcoin" than it does to assert that some real physical asset such as real property or gold is represented on the blockchain, because that is not true.. and that is bullshit if you want to assert that you own Y real estate or Z gold because it says so on the blockchain. 

The physical real property or the physical gold is of a different nature than the private keys to value that is represented in a bitcoin transaction and represented when one person (or entity) transfers the private keys from himself/herself to another.  The value is in the bitcoin itself (and the private keys) rather than some separate physical property that may or may not be deliverable (such as the real property or the gold examples that I mentioned).
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October 23, 2018, 02:45:47 AM

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

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October 23, 2018, 03:40:08 AM

What's Theymos doing with his life these days I wonder? That seastead thing ever get off the ground? So to speak. This digital gold thing doesn't really seem to be panning out. I guess.

All puns intended, obviously.. Roll Eyes
jojo69
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October 23, 2018, 03:47:06 AM

oh god

it's crashing
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October 23, 2018, 03:49:51 AM

What's Theymos doing with his life these days I wonder? That seastead thing ever get off the ground? So to speak. This digital gold thing doesn't really seem to be panning out. I guess.

All puns intended, obviously.. Roll Eyes

Not sure about Theymos but I will likely be living on a seastead in the next 3 months or so.
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