Bitcoin Forum
July 22, 2019, 05:16:18 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: July 28 Closing Price:
<$3,000 - 3 (7%)
<$8,000 - 4 (9.3%)
$8,001-$8,500 - 0 (0%)
$8,501-$9,000 - 0 (0%)
$9,001-$9,500 - 5 (11.6%)
$9,501-$10,000 - 4 (9.3%)
$10,001-$10,500 - 2 (4.7%)
$10,501-$11,000 - 8 (18.6%)
$11,001-$11,500 - 6 (14%)
$11,501-$12,000 - 1 (2.3%)
$12,001-$12,500 - 2 (4.7%)
$12,501-$13,000 - 1 (2.3%)
$13,001-$13,500 - 1 (2.3%)
$13,501-$14,000 - 2 (4.7%)
>$14,000 - 2 (4.7%)
>$18,000 - 2 (4.7%)
Total Voters: 43

Pages: « 1 ... 22062 22063 22064 22065 22066 22067 22068 22069 22070 22071 22072 22073 22074 22075 22076 22077 22078 22079 22080 22081 22082 22083 22084 22085 22086 22087 22088 22089 22090 22091 22092 22093 22094 22095 22096 22097 22098 22099 22100 22101 22102 22103 22104 22105 22106 22107 22108 22109 22110 22111 [22112] 22113 22114 22115 22116 22117 22118 22119 22120 22121 22122 22123 22124 22125 22126 22127 22128 22129 22130 22131 22132 22133 22134 22135 22136 22137 22138 22139 22140 22141 22142 22143 22144 22145 22146 22147 22148 22149 22150 22151 22152 22153 22154 22155 22156 22157 22158 22159 22160 22161 22162 ... 24616 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21295102 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.)
BobLawblaw
Legendary
*
Offline Offline

Activity: 1344
Merit: 1965


BitcoinTalk's Most Fabulously Gay Black Power-Top


View Profile
December 16, 2018, 06:14:42 AM

The next 24 hours are extremely critical.
1563815778
Hero Member
*
Offline Offline

Posts: 1563815778

View Profile Personal Message (Offline)

Ignore
1563815778
Reply with quote  #2

1563815778
Report to moderator
1563815778
Hero Member
*
Offline Offline

Posts: 1563815778

View Profile Personal Message (Offline)

Ignore
1563815778
Reply with quote  #2

1563815778
Report to moderator
1563815778
Hero Member
*
Offline Offline

Posts: 1563815778

View Profile Personal Message (Offline)

Ignore
1563815778
Reply with quote  #2

1563815778
Report to moderator
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563815778
Hero Member
*
Offline Offline

Posts: 1563815778

View Profile Personal Message (Offline)

Ignore
1563815778
Reply with quote  #2

1563815778
Report to moderator
criptix
Legendary
*
Offline Offline

Activity: 1946
Merit: 1079


View Profile
December 16, 2018, 06:16:33 AM

The next 24 hours are extremely critical.


If i call a bottom now we will likely crash at least 50%.  Grin
Toxic2040
Hero Member
*****
Offline Offline

Activity: 658
Merit: 1033



View Profile
December 16, 2018, 06:16:51 AM

I think the news doesn't matter in a bear market.  None of those will create any volume without demand, and there wont be any demand in a bear market.  Bakkt will achieve nothing meaningful in the short term.  It does open up new channels for when demand arises in the next bull run.  

TA is the way that humans achieve consensus on price.  The price is an expression of solace in pattern matching, that is the only way short consensus can be achieved (fundamentals drive long term consensus - except long term TA takes into consideration fundamentals).  The fundamentals driving long term price are primarily the halvening cycles, which is a supply side constraint.  Supply gets restricted, selling pressure on the market from miners eases, price goes rocketing up.  Its really that simple.  The correlation with legacy to date has been so low as not be worth worrying about.  

Yes Taproot and Schnorr are nice, but they are icing on the cake, not fundamentals.  

My take on the technicals is there is a lot of traffic to get through before you can get back to $6k.  That is going to require a really powerful event.  The current descending wedge is not it IMHO.  



How would you characterize the sell off this past year? Are we really looking for $6k so soon? Might not just getting the miners back towards profitability be a good start? As for Taproot and Schnorr rings, isn't increasing fungibility also increasing the fundamentals?

I definitely think waiting for confirmation of your bias is a good thing however.
realr0ach
Sr. Member
****
Offline Offline

Activity: 714
Merit: 297


#TheGoyimKnow


View Profile
December 16, 2018, 06:16:54 AM

Here's another interesting silver fact for evil Jew shill HairyMcLarry.  The price of silver before the hunt brothers pump in 1980 was $5.  World debt is now 25x higher than it was then.  As most people know, or rather some of you know, debt is the money supply.  One man's debt is another man's supposed asset and it's all interlinked.  

So just going by money supply/debt levels alone, it wouldn't even be strange for silver to be $5 x 25 = $125 an ounce right now.  Hell, it would not only not be strange, it would be perfectly normal.  And that's not even taking into account there's 1/4th as much above ground physical silver now as in 1980.  When you hear someone make the claim silver is the most undervalued and suppressed asset on the entire planet, they aren't joking.  
criptix
Legendary
*
Offline Offline

Activity: 1946
Merit: 1079


View Profile
December 16, 2018, 06:18:05 AM

I think the news doesn't matter in a bear market.  None of those will create any volume without demand, and there wont be any demand in a bear market.  Bakkt will achieve nothing meaningful in the short term.  It does open up new channels for when demand arises in the next bull run.  

TA is the way that humans achieve consensus on price.  The price is an expression of solace in pattern matching, that is the only way short consensus can be achieved (fundamentals drive long term consensus - except long term TA takes into consideration fundamentals).  The fundamentals driving long term price are primarily the halvening cycles, which is a supply side constraint.  Supply gets restricted, selling pressure on the market from miners eases, price goes rocketing up.  Its really that simple.  The correlation with legacy to date has been so low as not be worth worrying about.  

Yes Taproot and Schnorr are nice, but they are icing on the cake, not fundamentals.  

My take on the technicals is there is a lot of traffic to get through before you can get back to $6k.  That is going to require a really powerful event.  The current descending wedge is not it IMHO.  



How would you characterize the sell off this past year? Are we really looking for $6k so soon? Might not just getting the miners back towards profitability be a good start? As for Taproot and Schnorr rings, isn't increasing fungibility also increasing the fundamentals?

I definitely think waiting for confirmation of your bias is a good thing however.

Difficulty is massively dropping.

Miners will be or are already profitable again.
jojo69
Legendary
*
Offline Offline

Activity: 1442
Merit: 1796


no FOMO


View Profile
December 16, 2018, 06:39:32 AM

Guys, guys, this isn't a normal shit bump, this looks like the beginning of a natural fucking recovery. Have we finished swimming in the shit?

I'm putting the 1 yes in the poll.

The bottom is fucking in.

Sorry dude we need to get through January tax time first.
I'm fucking feeling it, shits happening.

sucker
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1458


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 16, 2018, 06:50:16 AM

This is my best case scenario.  Purple line is 200 MA Weekly.  Under this scenario we break $6k in early 2020, maybe late 2019. 


Toxic2040
Hero Member
*****
Offline Offline

Activity: 658
Merit: 1033



View Profile
December 16, 2018, 06:56:53 AM

Difficulty is massively dropping.

Miners will be or are already profitable again.

I thought I had read it was around $3.8k  I am not sure the difficulty has dropped enough for even $3.25k to be profitable. 

Anyway...it appears the WO's are vigilant and prepared for whatever may come. Well done hodler's. Hope you all got to try some of that weekend dip.

Good night.



mindrust
Legendary
*
Offline Offline

Activity: 1498
Merit: 1464


Bitcoin or gtfo


View Profile
December 16, 2018, 06:57:36 AM

This is my best case scenario.  Purple line is 200 MA Weekly.  Under this scenario we break $6k in early 2020, maybe late 2019. 




New ATH in early 2021 is probably more than what many people would ask. Right now some people must be swearing that they are going to get out and never come back once they hit the price they bought in.  Grin This happens to most people (happened to me in 2014, I know how it feels) especially if this is their first time investing in a high risk/volatile asset like bitcoin.
Elwar
Legendary
*
Offline Offline

Activity: 2842
Merit: 1439


Viva Ut Vivas


View Profile WWW
December 16, 2018, 07:02:27 AM

I answered the poll honestly. I don't know.

I doubt anyone willknow until months later.
VB1001
Sr. Member
****
Online Online

Activity: 294
Merit: 711


"Four Wheel Drive"


View Profile
December 16, 2018, 07:19:03 AM

Hashrate BTC is increasing
BTC  42.207 Ehash/s  +3.64% in 24 hours / (BCH 914.753 Phash/s  -7.71% in 24 hours)
realr0ach
Sr. Member
****
Offline Offline

Activity: 714
Merit: 297


#TheGoyimKnow


View Profile
December 16, 2018, 07:53:40 AM

I answered the poll honestly. I don't know.

The answer is:  more borders, build a wall, no jewry at all
VB1001
Sr. Member
****
Online Online

Activity: 294
Merit: 711


"Four Wheel Drive"


View Profile
December 16, 2018, 08:02:49 AM

President Trump Names Bitcoin and Crypto Supporter As White House Chief of Staff, Mick Mulvaney

https://twitter.com/realDonaldTrump/status/1073703744766922754

https://coingape.com/bitcoin-advocate-mick-mulvaney-announced-new-chief-staff-president-trump/
LFC_Bitcoin
Copper Member
Legendary
*
Offline Offline

Activity: 1778
Merit: 1933


One of the world's leading Bitcoin-powered casinos


View Profile
December 16, 2018, 08:22:03 AM

This is my best case scenario.  Purple line is 200 MA Weekly.  Under this scenario we break $6k in early 2020, maybe late 2019. 




New ATH in early 2021 is probably more than what many people would ask. Right now some people must be swearing that they are going to get out and never come back once they hit the price they bought in.  Grin This happens to most people (happened to me in 2014, I know how it feels) especially if this is their first time investing in a high risk/volatile asset like bitcoin.

Exactly what I said to myself in 2014 after being over 50% in the red. All of a sudden we hit $19,xxx & I’m literally over 60 times my total investment........then greed took over & I sold fucking nothing.

It won’t happen during the next epic bull run, I can promise you that Grin
realr0ach
Sr. Member
****
Offline Offline

Activity: 714
Merit: 297


#TheGoyimKnow


View Profile
December 16, 2018, 08:27:12 AM
Last edit: December 16, 2018, 08:55:07 AM by realr0ach


Well duh, because bitcoin is a govt created scam - a failed experimental solution to the inevitable outcome of the Triffin dilemma:

https://en.wikipedia.org/wiki/Triffin_dilemma

Bitcoin's real name is "Bancor".  But it completely centralized immediately after release making it useless.  Not that it would actually be possible to get people to accept imaginary, valueless tokens over gold and silver when the system goes bust even if Bitcoin actually had some type of fundamentals (it has none because transaction validators are designed to centralize).  Metals are the Schelling point of money and none of these "Bancor" or SDR scams will ever work.  People are going to demand payment in real money and the acceptability of all these fiat 2.0 bancor scams is going to be zero.

And Bitcoin is not the only Bancor scam, they also have other garbage like Ripple too, and of course Goldmansachs backed Ethereum (RIP).  None of these things actually work in a decentralized manner, so we'll be saying RIP to all of them eventually with physical metals destroying them.
PoolMinor
Legendary
*
Offline Offline

Activity: 1666
Merit: 1060


XXXVII Fnord is toast without bread


View Profile
December 16, 2018, 08:54:56 AM
Merited by Majormax (2)


In fact, I posit that you cannot make really large amounts of money using TA (unless you are a computer, I suppose).


A safe and sure bet would be to buy anytime between now and September 30, 2019 (about the time we will see 6k again); then hold until 2021-2022. Take profits as you must on the upswing.

I have already posted charts on the subject.
realr0ach
Sr. Member
****
Offline Offline

Activity: 714
Merit: 297


#TheGoyimKnow


View Profile
December 16, 2018, 09:05:48 AM
Last edit: December 16, 2018, 09:24:54 AM by realr0ach

In fact, I posit that you cannot make really large amounts of money using TA (unless you are a computer, I suppose).

Of course you can, and it's not even hard, but you need to use leverage and you need an aggregate market to actually exist.  If there's no aggregate market, TA is a lot less useful and your only option is trying to determine what the tape painter/market rigger is doing.  Sometimes that can be even easier, sometimes a lot harder.  

The ONLY thing that holds me back in shitcoin trading is not that it's difficult to do, it's that there are NO TRUSTWORTHY EXCHANGES that you can put money on that have margin trading.  Who cares if you can make +5% or more per day trading shitcoins if at any second Bitfinex, Bitmex, or OKcoin will just steal your money leaving you down -100% instead of up anything.  Not that any trader with 2 braincells would trade on a rigged bucketshop like Bitmex in the first place.  And shitholes like Bitfinex are also rigged bucketshop casinos in practice.

Even if you attempt to trade non-margin on a supposed 'trustworthy' exchange like Coinbase, every time you log in they start asking you questions like "where did this money come", "prove to us where this money came from or we're going to freeze your account and take it", etc.
VB1001
Sr. Member
****
Online Online

Activity: 294
Merit: 711


"Four Wheel Drive"


View Profile
December 16, 2018, 09:24:22 AM


Well duh, because bitcoin is a govt created scam - a failed experimental solution to the inevitable outcome of the Triffin dilemma:

https://en.wikipedia.org/wiki/Triffin_dilemma

Bitcoin's real name is "Bancor".  But it completely centralized immediately after release making it useless.  Not that it would actually be possible to get people to accept imaginary, valueless tokens over gold and silver when the system goes bust even if Bitcoin actually had some type of fundamentals (it has none because transaction validators are designed to centralize).  Metals are the Schelling point of money and none of these "Bancor" or SDR scams will ever work.  People are going to demand payment in real money and the acceptability of all these fiat 2.0 bancor scams is going to be zero.

And Bitcoin is not the only Bancor scam, they also have other garbage like Ripple too, and of course Goldmansachs backed Ethereum (RIP).  None of these things actually work in a decentralized manner, so we'll be saying RIP to all of them eventually with physical metals destroying them.

The price of gold is related to currencies, deflation or inflation causing volatility at the price of gold, etf, derivatives, funds, etc, etc. therefore it is manipulated.
You do not convince me. Cool



If Bitcoin is a reserve of value. (it's a supposition, it could be another currency in the future, but now it's BTC)

People ask? how to pay with Bitcoin if 1 BTC is worth $ 10,000

Easy, with satoshis units.

Bitcoin Max Supply (finite).
21.000.000 BTC

1 BTC = 1 bitcoin

1 BTC = 1,000 mBTC (millibitcoin) (1/1000 bitcoins = 0,001 BTC)

1 BTC = 1,000,000 μBTC (microbitcoin) (1/1.000.000 bitcoins = 0,000001BTC)

1 BTC = 100,000,000 satoshis

1 mBTC = 100,000 satoshis = 1.000 μBTC

1 μBTC (microbitcoin) = 100 satoshis = 1 bit (1/1.000.000 bitcoins = 0,000001 BTC)

1 satoshi = 1/100.000.000 (0,00000001 BTC)

How to buy bread with a gold ingot? Grin

Of course, no one knows what is going to happen to the monetary system and its large unattainable global debt.

(My English level is very low, sorry if it is not well written.)
realr0ach
Sr. Member
****
Offline Offline

Activity: 714
Merit: 297


#TheGoyimKnow


View Profile
December 16, 2018, 09:31:16 AM

If Bitcoin is a reserve of value.

Of course bitcoin is not a store of value.  It's a currency, not money, nor real commodity, nor anything.  No currency is a store of value.  

If you hypothetically chopped the hands off every Jewish moneychanger so they were no longer able to operate a printing press to create new federal reserve notes and the amount of federal reserve notes suddenly becomes finite, it does not mean federal reserve notes suddenly become a store of value either.  It's still worthless paper currency of no value that can vaporize at any second.  Having a supposed cap to bitcoins (which is not really even true since it can be changed) does not make it money.  It's still just a retarded currency like every other worthless currency out there and not money.
goldkingcoiner
Sr. Member
****
Offline Offline

Activity: 406
Merit: 284


ICObench Verified Expert


View Profile WWW
December 16, 2018, 09:35:00 AM

Chance of a small bottom HS reversal pump by today on the 2h chart? I can already see a small shoulder forming. Any pullback at 3170-3150 would be appreciated! Expecting a nice $100 dollar pumperino.
Pages: « 1 ... 22062 22063 22064 22065 22066 22067 22068 22069 22070 22071 22072 22073 22074 22075 22076 22077 22078 22079 22080 22081 22082 22083 22084 22085 22086 22087 22088 22089 22090 22091 22092 22093 22094 22095 22096 22097 22098 22099 22100 22101 22102 22103 22104 22105 22106 22107 22108 22109 22110 22111 [22112] 22113 22114 22115 22116 22117 22118 22119 22120 22121 22122 22123 22124 22125 22126 22127 22128 22129 22130 22131 22132 22133 22134 22135 22136 22137 22138 22139 22140 22141 22142 22143 22144 22145 22146 22147 22148 22149 22150 22151 22152 22153 22154 22155 22156 22157 22158 22159 22160 22161 22162 ... 24616 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!