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Question: Where will this rally top out?
Already topped <$7,000 - 19 (25.3%)
$7,000-$7,499 - 6 (8%)
$7,500-$7,999 - 8 (10.7%)
$8,000-$8,499 - 4 (5.3%)
$8,500-$8,999 - 5 (6.7%)
$9,000-$9,499 - 1 (1.3%)
$9,500-$9,999 - 0 (0%)
$10K+ - 32 (42.7%)
Total Voters: 75

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21586889 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. (143 posts by 33 users deleted.)
VB1001
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December 25, 2018, 06:59:32 AM

Bitcoin going down to hell, here discussing and philosophizing, depends on the time I read WO first I have to do a psychological analysis to understand what the fuck you are talking about.

But it's fun, that's why I like WO Cool
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infofront
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December 25, 2018, 07:14:08 AM

As anon once said, this thread is like a microcosm of the early BTCtalk forum.

Anyway, Merry Christmas!
mike4001_
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December 25, 2018, 07:15:50 AM

Well.

Classic bull trap.

Was kind of expected.

At least we are not still at 3.2k ;-)
MERlT
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December 25, 2018, 07:22:17 AM


 I remember when this thread at least discussed Bitcoin, what happened did Jamie and his cronies take over?
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December 25, 2018, 07:28:35 AM

this thread is like a movie, needs a good antagonist not to get boring. Roach is fitting the job quite well  Smiley
VB1001
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December 25, 2018, 07:28:41 AM

I would have enjoyed more here.
Yesterday at dinner we only talked about the biggest shitcoin in the world, FIAT.
But they did not understand how it was possible that Bitcoin gave me more confidence than FIAT.
Easy, your paper comes out of a printing press as if it were a roll of toilet paper, there are billions in bank notes, all false that will never be returned.
Then I sent them my nice Christmas card and the discussion was over.

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December 25, 2018, 07:31:41 AM

lucky you, tomorrow today i'll have dinner with the pro-Macron part of the family, gonna be explosive  Cheesy
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December 25, 2018, 08:00:19 AM
Merited by LFC_Bitcoin (1)

https://twitter.com/RichardHeartWin/status/1077193787120730112
VB1001
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December 25, 2018, 08:04:53 AM

<...>

You will have a good time. Roll Eyes

The best of the night, they gave me a Google Home, perfect, I do not have to take the phone to the room to know the price of Bitcoin, I do not have to open my eyes, I do not have to get out of bed, I ask:
Hey Google what is the price of Bitcoin and I am answered by a nice girl with a sensual voice, informing me of the price.

Ok, I'm going to domotize the house.
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December 25, 2018, 08:05:05 AM

Guys, i have a (maybe stupid, but hey...) question.

I dont really understand why alts drop and rise in value with btc, when their chart is valued in BTC.
Example:
Suppose BTC is $5K and alt-X is 0.01BTC.
BTC drops to $4500, then ALT-X still should be .01BTC, as their fiat value is dropped as well, as .01btc is now only $45, as in the first scenatio it was $50 ?

Strangely, the value of ALT-x is also dropped, to lets say .008BTC, so now valued at $36

Logically i would think that the BTC value should be more or less equal ? Why is it varying so much? The variance should be only in the coin itself? I cant imagine that someone dumps some BTC and does the same with "his" alts...?

The opposite is true also, als alts increase in BTC value when BTC rises, they actually increase double compared in fiat...?

Thanks.
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December 25, 2018, 08:26:19 AM

A Christmas dump?

How lovely to put us in a great mood for the day.....FUCK IT (for one day).

Happy Xmas my HODL brothers & fuck you to the trolls & shills.
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December 25, 2018, 08:33:05 AM

Guys, i have a (maybe stupid, but hey...) question.

I dont really understand why alts drop and rise in value with btc, when their chart is valued in BTC.

The real question you should be asking is why do any of the 2000 shitcoins that exist (including bitcoin) have a value above 0 when they're literally imaginary, valueless tokens people buy for no other reason than thinking they can sell them for more than they bought them for.  Yes, altcoins are a scam.  And yes, bitcoin is a scam.  Anything that's an imaginary commodity is obviously a scam.  A commodity can't be imaginary.
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December 25, 2018, 08:43:53 AM

1.  Alts have no value of their own

2.  The price of alts is a function of how much greed / fear is in the market.

3. Fear / greed is determined by Bitcoin price performance.  

4.  Alts are denominated in BTC.  

5.  When people are greedy they buy alts using BTC.

6.  When people are fearful they sell alts using BTC.

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December 25, 2018, 08:49:29 AM
Last edit: December 25, 2018, 09:05:01 AM by realr0ach

^crap answer.  There is no logical value above zero for an imaginary commodity.  On a long enough timeline everyone knows that's exactly what they all will return to, they're just hoping to play musical chairs with the tokens, leave someone else holding the bag, and profit.  The shitcoin industry is filled to the brim with people claiming to be do-gooders by promoting this garbage.  In reality, just about everyone involved in craptocurrency are low-life scammers.
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December 25, 2018, 09:04:28 AM

realr0ach
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December 25, 2018, 09:06:12 AM

As a side note, what I said above is another reason I endorse only physical metals.

For any of this centralized crypto-garbage to gain more ground, they have to get more deeply involved with people's financial savings with things like IRAs and what have you.  I have no interest in trying to trick old people into squandering their money on imaginary, valueless tokens and then having the shit blow up in their face and being homeless in the streets.  There comes a point where shilling for this stuff is like you're basically trying to destroy the entire world on purpose in hopes of making a profit.  Shill for real money (silver and gold) then you make a profit while fixing the world instead.
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December 25, 2018, 09:14:31 AM

As for your DOW shit.  The Dow to gold ratio seems to only be stable around the 5:1 ratio.  So DOW needs to either drop to 1/4th of what it is now or gold needs to go up 4x.  Gold going up 4x would send silver to around 30:1 GSR in the bull run = $166 an ounce.  For a more conservative estimate, I would say it's likely the DOW drops and gold rises at the same time so we'll just say gold doubles instead then silver is in the $80's.

Last of the V8s
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December 25, 2018, 09:14:50 AM
Merited by Globb0 (5), xhomerx10 (1)

In other Christmas traditions, Mrs V8s' Aga went out sometime in the night. Certain dogs were complaining of the chill by 5am. It restarted easily enough for once, but is useless for anything till tomorrow really.
We do have a spare gas cooker in the back kitchen, but she uses all that for the Christmas meals on wheels for the villages, while I attend to our own lunch in her kitchen and entertain anyone staying plus the drivers who ferry the meals around.
Right, so lots of early morning rallying around later, heaters have been borrowed and showers had in friends' bathrooms.
Can see our own lunch not being ready till 5 or so, which is fine. All very Spanish hours.
Every year we promise ourselves to sort the plumbing, heating and cooking arrangements out in this house, but it would be a huge upheaval and a total waste of filthy fiat moneys, which would be far better spent on certain proper, sound, valuable, store of wealth type things.
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December 25, 2018, 09:18:10 AM

1.  Alts have no value of their own

2.  The price of alts is a function of how much greed / fear is in the market.

3. Fear / greed is determined by Bitcoin price performance.  

4.  Alts are denominated in BTC.  

5.  When people are greedy they buy alts using BTC.

6.  When people are fearful they sell alts using BTC.



ok, i understand most, but this would be true if actually people buy and sell.

When btc gets a dump, and the same microsecond the alts get a dump as well, it cannot be people being greedy/fearful, right? it must be a coupling in some form to the mastercoin, btc?

im not saying anything about the intrinsical value of an alt itself, nor if its a good or a bad alt, but just these fluctuations intrigue me and i dont really understand...
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December 25, 2018, 09:18:45 AM

Bitcoin Private shitshow continues.  Imagine legitimately holding shielded coins

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