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

[Spaceman_Spiff_Original]

would be nice to freeze me in on my AGE as i am now and just release me @2021-ish at my AGE of now and just see where i'm standing .....
wouldn't that be a nice move

Would be best to not grow old at all.

Damn this universe and its tick-tockery.

You might be aware of this already, but I'll leave it here anyway : sens.org .

[JayJuanGee]

Before people go off trying to deify Satoshi, they need to remember (or be informed) that Gavin himself was correcting Satoshi's coding mistakes. That was before even sharper devs came into the project.

We are all following an open source project with principles and with 100+ genius core devs.

We are NOT following a single person.

Coding is mostly grunt work. If Satoshi came up with the general idea himself the credit goes largely to him. Turning preconceived things into code is the easier part.


I do agree that it's irrelevant where Satoshi is now regarding Bitcoin's success. Once an idea is out in the wild it will prevail, given that it's good enough in the first place.

My overall general understanding of the situation was that Satoshi had largely already coded bitcoin by the time that he released the whitepaper in September 2008, and surely there were some tweaks to the code before he began running the code live on January 3, 2009.  I think that the generally accepted story is that Satoshi was not really a great coder, which caused needs for a considerable number of tweaks - however, also, since there was ongoing attempts to continue to learn after the software went live, there had always been analogy suggestions that the fixing of bitcoin was like performing improvements and repairs on an airplane that continued to fly, and the repairs/maintenance were always necessary on an ongoing basis, but they were never so eggregious that the plane had to be landed (even though there may have been a few close calls), but the plane has been allowed to grow and really open to the participation of almost anyone to contribute to the project who shared goals to attempt to keep the plane flying and to attempt to improve its performance while at the same time, perhaps shutting out folks who expressed desires to either crash the plane or to undermine the plane in various ways.  So surely you are correct, BTCMILLIONAIRE, that the flying of the plane has become much BIGGER than satoshi.. because maybe when he started working on it, it was a 1 engine propeller plane, but it has become much more with the passage of time.

Edit: Astargath seems to have addressed some of what I am saying with his reference to satoshi's post.  Thanks for that link (and thread) Astargath:

Also what about the fact that satoshi himself said something like BCH would be a bad idea? https://bitcointalk.org/index.php?topic=195.msg1611#msg1611

[El duderino_]

finished the CRYPTO get together hosted by my friend..... very special but i think i'm the only one that mentioned the price drop we had lately..... like in here nobody even worried .....? maybe they just don't have actual BTC? ? haha no it was very chill had a good laugh, drunk F***ing much so good weekend start after this weekend of drama, out of 20-25-ish people 3 real hardcore traders all saying or predicting the bottom would be no LOWER as 4k-ish..... could be 3k in their opinion but most likely NOT
some there thought it was in now after a asked or talked about it
but i sensed a real honeybadger feeling in there this evening.... all long term BULLISH guy's.
had some nice talks with interesting peoples etc .....
7-ish menu of small food things, good gin's-wines-etc what more do we need after a ruff week of BTC

could be many wrong english writings but when my body is intoxicated.... please don't mind me @ all ....

good night WO, crawling into the HODLcave as we speak

Edit: espicially when i’m drunk ..... but the Guy that brought his laptop and wanna show me his long term vision
(+-50k 2021-2022) <—— always good but same as most safe predictions predict.....
He did sold everything @+-14k-ish and was saying to everyone how right he is.... @this moment he’s buying the DIP and got orders —> 4500—>4250–>4000—>3800 please do not trigger anymore of those orders and leave that greedy sucker behind ......
(The btc hat was of this Guy)

In here i just introduced myself as a CHILL hodler yeah just not much more to say i guess

[jbreher]

Before people go off trying to deify Satoshi, they need to remember (or be informed) that Gavin himself was correcting Satoshi's coding mistakes. That was before even sharper devs came into the project.

Yup. Good thing that all the innovation that Satoshi gave us was in economics, game theory, and protocol, rather than simple software execution.

Your observation is akin to criticizing Hemingway's output based upon his penmanship.

[yefi]

Anyhow, I may as well repeat here that I tend to suck when it comes to predicting anything beyond perhaps making an attempt at one leg, but even then if you can get me much off of a 50/50 prediction, then I am feeling confident.. so I am a bit more inclined towards BTC UP, now... at least getting us back to the $6,500 territory in the coming week or so...

A 100% retrace back to $6500 in a week would be a hugely bullish signal at this point. A sort of Silk Road bust event that would cement the bottom.  I doubt it myself, but been in this game long enough to know anything is possible.

You might be aware of this already, but I'll leave it here anyway : sens.org .

I'm familiar with Aubrey de Grey. Aging should be a curable and potentially reversible process. :)

[HairyMaclairy]

[infofront]

Be sure to check out the new bcash SV website http://bcashsv.com

[Bitcoinaire]

The thoughts of having a double bubble akin to 2013 are all but dead, unfortunately. Unless something totally awesome happens, 2019-2020 could be a big stinker. Which would suck, big time. Reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee....

[jojo69]

Hairy


log scale my man

that is all

[JayJuanGee]

The thoughts of having a double bubble akin to 2013 are all but dead, unfortunately. Unless something totally awesome happens, 2019-2020 could be a big stinker. Which would suck, big time. Reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee....

Huh?  Such possibility is far from dead yet.  Sure, such 2013 possibility might not play out exactly on the same timeline as 2013 (like within the same number of months), but our current drop to $5,200 is not sufficient in order to be 2014-like rather than 2013-like...  

 Accordingly, you seem to be assuming additional downward price from here, which has not happened, yet.  

In other words, your pronouncement of "long crypto winter" scenario (bitcoin's death), such as that being spouted out by some others, including hairie bearie (ok.. he is not proclaiming death... but whatever, close enough).. remains premature, still.  

[HairyMaclairy]

Hairy


log scale my man

that is all

?  It is log.  Just Y axis compressed in this view

[PoolMinor]

If you are so smart, PoolMinor, then 1) you gotta be really richie and 2) why would you buy all the way down to $2,200 rather than just waiting for $2,200 and buy at that seemingly "inevitable" BTC price point?  Does not make sense to buy "all the way down."  Did you misspeak about your supposed BTC buying plan?

As a long term trader I think you would have a reasonable idea as to why to buy all the way down. If you don't understand, sorry, I don't have time to enlighten you at this time.

I am not asking from my perspective, I am asking from your perspective based on your assertion of supposed wisdom about 1) other peeps in this thread filled with too much hopium and 2) your assertion that BTC prics are going down to $2,200. 

So my questions are not about what I think, but instead asking you about what you think, why and what you are doing about it, and instead of attempting to respond, you just diverted into putting such burden on me - when my outlook seems to be different from yours and the reason for my approach seems to be different from yours, too - even if we might happen to be following a similar strategy.  Furthermore, I do not have any strong presumptions that the BTC price is going down, and I especially think that any targeting of $2,200 would be quite pie in the sky, even though there is a chance that such price could happen.. maybe less than 5% (concedingly that such odds of $2,200 are a bit higher now as compared with last week, but they still remain pretty low, in my humble bumble opinion).

I believe you and I still have sensibly a very similar trading strategy: Buy the coins on down trends and sell on up trends, but always with the attempt to accumulate more coins in the end. Simply put, profit on the up and make sure that you keep enough fiat available to BTFD.
Why did I pick the ~$2200?
Because anytime I state an opinion here, someone always desires some exact figure as if I have a crystal ball that denotes the price points at every buying opportunity as well as every selling opportunity.
Clearly Bitcoin is currently in a bear market, yes there are still outside forces of manipulation that make it difficult to run normal trend analysis. Alas the indicators are still showing low volume down trends.
Nine times out of ten the people that want to disagree with TA have no idea how even read a chart let alone make educated guesses to what the chart is reading.

Again I will say it. A chart only shows the past, it does not show the future. Lines drawn on a chart are temporary conclusions of past events.

There are currently larger forces in play right now. The BCH fiasco is becoming a much bigger detriment to the whole crypto-sphere, it is going to drive the price of all crypto assets lower.

Yes, I believe, that the price of crypto assets will see another ATH which is why I would buy them in the first place as the price declines. As random of a figure $2200 is, truly I see it as possibly going below this, but it is a good base to start my own hopium mining to see the price rise again.

Now remember you were asking for my thoughts on why not just buy at $2200. This price is not set in stone, it may get down only to $2700, if I waited to buy at $2200 I would never fill my coffers back up; Hence why I buy all the way down.

[Elwar]

Complete speculation but...

I believe that Craig Wright signed a very large monetary deal with some investors after giving them the impression that he was Satoshi and that he could not release his BTC until 2020.

Whatever deal this is, he is desperate to get as many bitcoins as he can before then. He tried to make BCH the "real bitcoin" but that didn't work...so now just make up some fear about Segwit the he will "reveal in 2019" to drive down the price so he can get as many coins as possible to fulfill his part of the deal. Looks like he needs the price to drop to around $1k to be able to pull that off. Not going to happen.

[Hexah]

Mama: Trash that fvcking forks...

[PoolMinor]

Complete speculation but...

I believe that Craig Wright signed a very large monetary deal with some investors after giving them the impression that he was Satoshi and that he could not release his BTC until 2020.

Whatever deal this is, he is desperate to get as many bitcoins as he can before then. He tried to make BCH the "real bitcoin" but that didn't work...so now just make up some fear about Segwit the he will "reveal in 2019" to drive down the price so he can get as many coins as possible to fulfill his part of the deal. Looks like he needs the price to drop to around $1k to be able to pull that off. Not going to happen.

There is no FUD on segwit, the threat is real. Perhaps do some reading on the subject?

[JayJuanGee]

Complete speculation but...

I believe that Craig Wright signed a very large monetary deal with some investors after giving them the impression that he was Satoshi and that he could not release his BTC until 2020.

Whatever deal this is, he is desperate to get as many bitcoins as he can before then. He tried to make BCH the "real bitcoin" but that didn't work...so now just make up some fear about Segwit the he will "reveal in 2019" to drive down the price so he can get as many coins as possible to fulfill his part of the deal. Looks like he needs the price to drop to around $1k to be able to pull that off. Not going to happen.

I don't believe that.

How the fuck could that obvious conartist get anyone to believe him about anything unless 1) they are just dumb as fuck, or 2) they just have nefarious purposes, so they don't really believe him, but they believe that whatever shit-stirring that he knows he is doing happens to align with their common desire to stir shit.

[Searing]

the catch is either BTC is going to eventually come back ..even if only at 5% or 10% a year as more a 'normal' investment (ie sideways like gold maybe even)

or we are toast...I mean kaput...an centralized coins take up the void in the future and 'banker's rule' again

So I HODL and 'attic mine" (sell crap in the attic on eBay I normally would die with anyway ...and xfer to BTC)

home mining is dead...I have no 'balls' for big equipment and data hall purchases anymore (crypto shell-shocked I am, don't ya know)

ASSUMING that these BTC prices are LOW...the above makes a 'world of sense' especially if BTC goes back above 10k someday...I will look like a genius...

my alternate reality is below:

if I stop believing that, I shall then go to my backup plan of 'panicking like a 4-year-old being sent so pre-school on the bus' and SELL, SELL, SELL...trampling

women, children, and puppies on my way to abandoning ship.. Feels like for the last 4 months I've been re-arranging the deck chairs on the Titanic anyway,

with this sideways price current...figures, there might be an Iceberg, just to 'liven up my life'

I suspect anything below 4k BTC is my 'snapping point' Actually to be clear anything below 4k IS my 'freak out' point....I'd dump 1/2 my stash for sure then.

(we who run away also serve humanity...and who step up to repopulate the tribe when all the 'hero's die'...hey....it's an angle)

IF all crypto goes tulips...I have a GOT (go to hell plan) to become a 'minimalist' and get myself one of those 'tiny homes' and live with a lot less...

(seems prudent in that before BTC and crypto ..that was pretty much likely going to be my previous crypto lifestyle...so hell, it will be one big circle then...embrace the

poverty)

'these are the times, that try men's souls', Thomas Paine

brad

[JayJuanGee]

Complete speculation but...

I believe that Craig Wright signed a very large monetary deal with some investors after giving them the impression that he was Satoshi and that he could not release his BTC until 2020.

Whatever deal this is, he is desperate to get as many bitcoins as he can before then. He tried to make BCH the "real bitcoin" but that didn't work...so now just make up some fear about Segwit the he will "reveal in 2019" to drive down the price so he can get as many coins as possible to fulfill his part of the deal. Looks like he needs the price to drop to around $1k to be able to pull that off. Not going to happen.

There is no FUD on segwit, the threat is real. Perhaps do some reading on the subject?

Not back to this topic? 

Remember anunymint had a hard-on for this baloney topic, and such topic played here for at least a couple of weeks?

We've seen the topic here, and you want to play around with that mostly nonsense FUD spreading topic some more?

[HairyMaclairy]

Complete speculation but...

I believe that Craig Wright signed a very large monetary deal with some investors after giving them the impression that he was Satoshi and that he could not release his BTC until 2020.

Whatever deal this is, he is desperate to get as many bitcoins as he can before then. He tried to make BCH the "real bitcoin" but that didn't work...so now just make up some fear about Segwit the he will "reveal in 2019" to drive down the price so he can get as many coins as possible to fulfill his part of the deal. Looks like he needs the price to drop to around $1k to be able to pull that off. Not going to happen.

There is no FUD on segwit, the threat is real. Perhaps do some reading on the subject?

The likelihood of the chain reverting to a pre-segwit state is the same as the likelihood of a POW change.  Not going to happen.   Unlike Bcash, we the people, run full validation nodes, that include segwit.

Go ahead and fork with “anyone can spend” and see how far you get.  UASF showed the economic strength of the users.

[jojo69]

Hairy


log scale my man

that is all

?  It is log.  Just Y axis compressed in this view

how far back are you going?  $2  ??