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

[Last of the V8s]

fuck that guy

Who ? The artist I posted about just above your post ?
He's a nocoiner ?

yes him. he wrote 'bitcoin - tulipmania is back' on his craft project

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[cAPSLOCK]

Good morning Bitcoinland.

I see we had a rather healthy dip... currently $3634USD/$4812CAD (Bitcoinaverage).

Before anyone goes blaming me for this, I should tell you I'm still in Toronto. Mind you, I'm at the airport, past security, waiting for my flight.

It works out to the same thing though. I can't buy this dip.

This is getting annoying. At what point does coincidence happen so often it makes you superstitious?  

From reading around here that was a few times ago for many folks.

[kenzawak]

fuck that guy

Who ? The artist I posted about just above your post ?
He's a nocoiner ?

yes him. he wrote 'bitcoin - tulipmania is back' on his craft project

Oh ok, got it.

This one's much better then :



It's an homage to Finney's tweet from 10 years ago.
The artist calls himself cryptograffiti.

Repurposed credit cards sit atop a used bank safety deposit box.

Inside is a customized Casa Node allowing you to "run bitcoin.”

Embedded is Hal's signed card given to me by his wife Fran.

The WiFi-enabled node is adhered to only run when paired w/ the art.

The work is up for auction, 10 years after his famous tweet.

50% of the proceeds will go to the ALS Association Golden West Chapter who supported Hal during his battle w/ Amyotrophic Lateral Sclerosis.

A limited-edition of 100 signed and numbered prints on aqueous pigment fine art, semi-gloss archival rag are available here.

A heartfelt thank you to the Casa Inc. team for collaborating, to Fran, and of course to Hal for his important contributions in a space that means so much to so many of us. RIP

cryptograffiti

[Last of the V8s]

I take it all back, not that i like it as art - his heart's in the right place.

[Last of the V8s]

new fud: China bans bitcoin
https://bitcoinist.com/bitcoin-node-illegal-china/
"In other words, the new law makes it illegal for users to download and run bitcoin’s free and publicly available software client because a “blockchain service provider” can be a node that provides the blockchain information service to the public.
In order to do so, they’d have to go through a registration process and give up their private information."

[infofront]

^Chinese BTC ban - the gift that keeps on giving.


I'd proudly hang a Hal Finney portrait on my wall.

[gentlemand]

new fud: China bans bitcoin
https://bitcoinist.com/bitcoin-node-illegal-china/

Pah.

The less China the better. Soon the entire Bitmain board will be dancing in sex clubs in return for food and shelter.

[LFC_Bitcoin]

new fud: China bans bitcoin
https://bitcoinist.com/bitcoin-node-illegal-china/
"In other words, the new law makes it illegal for users to download and run bitcoin’s free and publicly available software client because a “blockchain service provider” can be a node that provides the blockchain information service to the public.
In order to do so, they’d have to go through a registration process and give up their private information."

[Last of the V8s]

They'd never ban nodes in the West
#jihanknew #neo #anythingbutbitcoin

[Last of the V8s]

Think they'll revise it once they've filled their bags - 'Oh we didn't mean individuals, just companies' ?

[HI-TEC99]

Think they'll revise it once they've filled their bags - 'Oh we didn't mean individuals, just companies' ?

They usually do. How many times has China unbanned Bitcoin now?

[LFC_Bitcoin]

Think they'll revise it once they've filled their bags - 'Oh we didn't mean individuals, just companies' ?

Any time China bans bitcoin, I think it’s their government trying to manipulate the price so they can buy.
I might be way off but I’ve thought it for years.

[El duderino_]

Been a busy day, good the price didn’t do anything when i wasn’t watching, now come on
F***ing weekend PUMP

[HairyMaclairy]

Ok so Ive been invested in BTC since 2018 with an average cost basis of about 8k per coin. Sadly I dont see how we arent going to have at least one more huge move down well below 3k. I have orders to buy 3 more coins if we hit 2k. I dont want to sell rn but I am considering taking out a short position here. I believe in Bitcoin, but Im tired of so much losing in my first year

Could a few members help me out and post their best argument for why we already saw the bottom, or their best argument of why we are gonna have another big move to new lows.

Thank you in advance.

Stop worrying about shorting the final gasp of the bear market and start thinking about when you are going to long the bottom and how you are going to do it.  Much more profitable.

I have thought about this, thats why I said I have orders to buy 3 more coins at 2k. Thats all I can afford to lose. It will bring my total investment to almost 40k. I will not invest another dollar after that. All ive known investing in Bitcoin is a terrible bear market and its hard not to worry as early adopters dump on my face , but thank you for the advice.

Im interested in hearing other Bitcoiners best argument(s) as to why the bottom is not in yet(i believe it isnt but hope im wrong). If you have one id love to hear it. If not thanks anyway.

The bottom is probably not in, but it is also probably very close.  It could happen tomorrow or anytime in the next 8 months before the halvening starts to kick in.

We need a deep penetration of the 200 Week Moving Average to kick off an enormous volume spike that will seal the bottom of this bear market.  So basically we are sitting around waiting for one final, terrifying price crash.



If you want to wait until it is "safe" to buy, wait until the Moving Averages are all back in the correct order, eg 30 is above the 50 which is above the 100 which is above the 200.  This last happened in November 2016 around $420 which sparked the first real rally of the bull market.  The taupe and purple lines (50 and 100) were the last to uncross in November 2016.   It is reasonable to expect they will uncross again sometime in late 2019, early 2020 at latest.

All of this assumes we follow the model of the 2014 / 2015 cryptowinter.  To date we have followed it closely, so there is no particular reason to think we will not continue to do so.  

This is not investment advice, I am a drunk with hygiene issues and a degenerate gambler.

[Last of the V8s]

*giggling intensifies*

[RayX12]

....
This is not investment advice, I am a drunk with hygiene issues and a degenerate gambler.

Aren't we all?
 

[Toxic2040]

*giggling intensifies*

[vapourminer]

During the next bull run (or black friday) I will have to order both the Trezor Model T and the Ledger Nano X. Unfortunately, I am currently too poor to even consider it.

ive had a trezor one for years and bought a trezor t last year. since the t was new ive only put a little on it so far as ive been waiting for the real world, out in the wild test before i really trust it as i do the trezor one. havent heard anything bad yet so its probably fine.

as with any important new tech or update in the crypto world i always wait a bit for others to test it 1st.

[Last of the V8s]

*giggling intensifies*

The bottom is probably not
We need a deep penetration

drunk

[Last of the V8s]

disgusting market